Sendas Distribuidora (ASAI3) Institutional Presentation summary

Market position and brand value

• Handles approximately 40 million customer visits monthly, with 60% household penetration in Greater São Paulo.

• Recognized as the most valuable retail brand in Brazil, valued at R$12 billion.

• Largest and most present food retail company in the country.

• Maintains a diverse customer base, serving both B2C and B2B segments across all social classes.

• Operates in a highly fragmented market, holding a 6–8% share of the food market universe.

Financial performance and growth

• Achieved gross revenue of R$85 billion in 2025, up 86% from 2021.

• Free cash generation reached R$2.8 billion in 2025, with leverage reduced to 2.56x.

• EBITDA margin pre-IFRS16 improved to 5.8% in 2025, with gross margin at 16.8%.

• Net debt reduced by R$1.2 billion in 2025, with disciplined capex of R$700 million planned for 2026.

• 100% of expansion financed by operating cash flow.

Expansion and operational excellence

• Expanded to 313 stores in 24 states, with over 1.6 million sqm of sales area and 90,000+ employees.

• Opened 140 new stores from 2021–2025, including 66 hypermarket conversions.

• Operates multiple store formats, adapting layouts and assortment to regional needs.

• Self-checkout operational in 287 stores, processing 20% of tickets and reducing wait times.

• Focus on assortment expansion, in-store services, and improved shopping experience.