Plaza (MALLPLAZA) investor relations material

Executive summary

• Advanced growth strategy with over $600 million investment plan focused on asset transformation and expansion through 2028, targeting more than one million sqm of GLA and 70% Tier A assets.

• Maintained resilient operational performance and high occupancy, achieving 2.9% year-over-year increase in footfall and 5.8% growth in tenant sales, with strong results in Peru and Colombia.

• Achieved 2.36 million sqm of leasable area, 95.8 million visitors, and 5.1% Same Store Rent growth, outpacing inflation.

• Upgraded to large cap in FTSE Index and increased weight in MSCI Mid & Large Cap Index, boosting liquidity and global investor access.

• Continued focus on value creation, tenant mix optimization, regional integration, and complementary business expansion.

Financial highlights

• Net revenue for Q1 2026 reached CLP 165.5 billion, up 6% year-over-year; tenant sales up 5.8% to CLP Mn 1,624,981.

• EBITDA grew 5.2% to CLP 130.3 billion, with a reported margin of 78.7%; net margin at 51.4%, up 6.2 p.p. year-over-year.

• Adjusted for non-recurring items, EBITDA rose 7.3% year-over-year, margin expanded to 80.3%.

• Net income attributable to controlling interest increased 20.5% to CLP 85 billion, driven by lower inflation-related losses.

• FFO per share grew 6.3% to CLP 44.6; Adjusted FFO per share up 22.2% to CLP 42.6.

Outlook and guidance

• Optimistic outlook for the remainder of 2026, expecting strong performance as transformation projects progress and over 50% of investment plan already committed.

• Anticipates continued growth in both Chile and Peru, with new projects set to deliver value.

• Residential densification strategy targets over 10,000 units regionally, with 2,000 units in execution and 320 units in the Mallplaza Vespucio multifamily project.

• Focus remains on executing the $600 million investment plan and increasing Tier A asset share.

• Expanding complementary businesses and maximizing value through advertising and parking, which grew 17.3% in the quarter.