Sendas Distribuidora (ASAI3) Investor presentation summary

Market position and brand strength

• Handles approximately 40 million customer visits monthly, with 60% household penetration in Greater São Paulo and is recognized as the most valuable retail brand in Brazil, valued at R$12 billion.

• Largest and most present food retail company in Brazil, with a diverse customer base spanning all social classes and regions.

• Maintains high brand recognition in both physical and digital retail, with strong engagement on social media and digital platforms.

Financial performance and growth

• Achieved gross sales of R$20.6 billion in 1Q26, with a 1.7% increase year-over-year, and recurring net income of R$174 million (+7%).

• EBITDA margin (pre-IFRS16) remained stable at 5.5%, with gross margin improving by 0.3 p.p. due to operational maturation and product mix optimization.

• Leverage reduced to 2.52x in 1Q26 from 3.15x in 1Q25, supported by disciplined expansion and strong cash generation (R$2.2 billion FCF in 12 months).

• 100% of expansion financed by cash generation, with R$85 billion in revenue by Dec/25 and R$12.8 billion in operating cash generated.

Expansion and operational excellence

• Expanded from 61 stores in 2012 to 313 stores in 2026, covering 24 states and 1.6 million sqm of sales area.

• Operates multiple store formats and adapts layouts to different regions and customer profiles, with 12 distribution centers and 13 regional offices.

• Maintains operational excellence through assortment, pricing, and regional communication, leveraging over 3,700 suppliers (60% regional).