Iguatemi S A : Earnings Presentation - 4Q21 (ENG)

E A R N I N G S C O N F E R E N C E C A L L - 4 Q 2 1 R E S U L T S

A G E N D A

1. Operations Status
2. 4Q21 Results Highlights
3. Projects in Progress
4. Operating and Financial Results

O p e r a t i o n s St a t u s

Capacity utilization and sales

												SSR: 27,8%			SSR: 47,0%
2nd Quarter 2021			3rd Quarter 2021					4th Quarter 2021		1st Quarter 2022
		100%	105%	102%	107%	115%	108%	113%	106%	115%
100%	100% 96%	100%	100%	100%	100%	100%	100%	100%	100%
95%

55%

Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Fev
45%	92%	91%	97%	100%	100%	100%	100%	100%	100%	100%

Use capacity - weighted by GLA

Sales 2019 (ex. Florianópolis e Caxias)

Sales 2021/22 (Over 2019 sales)

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A G E N D A

1. Operations Status
2. 4Q21 Results Highlights
3. Projects in Progress
4. Operating and Financial Results

4Q21 Results highlights

• Average Capacity Utilization reached 100% in 4Q21;

• Total Sales came to R$12.7 billion in 2021, down by 10.6% over 2019 and R$4.8 billion in 4Q21, up by 30.6% on 4Q20 (11.8% growth vs. 4Q19);

• Same-Store Sales (SSS) increased by 15.0%, and Same-Area Sales (SAS) by 11.8% in the quarter versus 4Q19, with sales of 14 of the 16 malls growing compared to 2019;

• Same-Store Rents (SSR) grew by 27.8%, and Same-Area Rents (SAR) were up by 16.9% in 4Q21, versus 4Q19;

• Gross Revenue reached R$1 billion in 2021, up by 16.4% over 2019 and R$323.2 million in 4Q21, 41.7% up over 4Q20 (+34.1% over 4Q19);

• Net Revenue came to R$867.3 million in 2021, up by 15% over 2019 and 315.5 million in 4Q21, 71.1% up over 4Q20 (+49.4% over 4Q19);

• EBITDA reached R$ 550.1 million in 2021, down by 4.4% versus 2019 and closed 4Q21 at R$ 185.9 million, up 21.5% over 4Q19, with a 58.9% EBITDA margin. Excluding the Straight Line effect, EBITDA reached R$486 million in the year, down by 15.5%% versus 2019 and closed 4Q21 at R$167.7 million, up by 12.6% over 4Q20 (+8.8% over 4Q19).;

• Net income reached R$344.1 million in 2021, 9.5% up over 2019 and R$82.8 million in 4Q21, up by 1.1% versus 4Q20 (-25.9%vs. 4Q19). Excluding the effect of Infracommerce's share price variation and the swap operation result, Net Income was R$66.2 million in 4Q21, down by 19.2% over 4Q20;

• FFO reached R$499.5 million in 2021, down by 15.3% over 2019 and R$122.7 million in 4Q21, up by 2.1% over 4Q20 (-15.5% vs. 4Q19). Excluding the Infracommerce effect and the swap operation result, FFO reached R$106.1 million in 4Q21;

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