Pet Center Comercio e Participações S A : Merger Agreement between Petz and Cobasi

CREATING THE LEADING PET

ECOSYSTEM IN BRAZIL

AUGUST, 2024

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2

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Creating the Leading Ecosystem in Brazil

Value Creation

Transaction Overview and Next Steps

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Creating the Leading Ecosystem in Brazil

CREATING THE LEADINGAND

MOST INTEGRATEDPET ECOSYSTEM

IN BRAZIL

TRANSACTION RATIONALE

1 Gains of scale through the development of a nationwide pet platform with a unique value proposition for customers

1. Combining similar business models and strategic guidelines
2. Strengthening omnichannel capabilities in the combined platform
3. Enhancement of the commercial strategy focusing on excellence of the service level
4. Implementing best practices for a comprehensive and integrated offering of pet services, healthcare and pet care
5. Unlocking value through sharing competencies and synergies
6. Bringing together reference shareholders who are pioneers in the sector with an experienced and complementary management team

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THE TRANSACTION WILL DELIVER BENEFITS TO THE CUSTOMER THROUGH A

1	2		3	4
Gains of sale with a unique		Combining similar		Enhancement of the
	Omnichannel	commercial strategy
value proposition for the		business models and
	strengthening	focusing on excellence of
customer		strategic guidelines
		the service level

R$6.9BN			+20 private labels
Gross Revenue1	Assertiveness in the product		of hygiene, nutrition and
	mix based on data intelligence		lifestyle
	focusing on quality and
R$464MM	availability		Integration of
	Multiplication of points of
EBITDA1		subscription plans
		contact with customers,
		being the best-distributed
~11%	Enhancement of the service	platform in Brazil	NPS in
	excellence level
Market Share2	offering in stores, guaranteeing	+140 cities with 494
better quality control and cross-
	sell optimization	stores3

Sources: Companies and Instituto Pet Brasil

Notes: (1) Refers to 2023A figures; (2) Estimated market share, based on market data; (3) As of August 2024; (4) Includes Bath and Grooming, Veterinary, Hospital, Laboratory and Diagnostics

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Best practices for a

comprehensive and integrated

offering of pet and health

services

~R$11BN

TAM of Pet Services4

< 2%

Market Share in Pet Services4

+314

Stores with grooming services

+173

Stores with healthcare services

+15

Hospitals

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FOR

PETZZZ AND COBASIIIIIII SHAREHOLDERS

6	7
Value creation through competencies	Bringing together pioneering reference shareholders in the sector
sharing and synergies	with an experienced and complementary management team

	Sergio Zimerman		Paulo Nassar
	Chairman of the Board of Directors		CEO
	+ Dividend	+ Cash
+	distribution
S H A R E H O L D E R S	S H A R E H O L D E R S

Establishment of

Committees to ensure the52.6% 47.4% construction of best practices

between companies

Combined Company

Source: Companies

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HIGHLIGHTS OF THE COMBINED COMPANY

2 0 2 3 A 1

# O F S T O R E S 2

G R O S S R E V E N U E

N O R M A L I Z E D I A S 1 7 EB IT D A

N E T F I N A N C I A L

D EB T ( C A S H )

T O T A L

252242494

R$3.8BN	R$3.1BN	R$	6.9	BN

R$ MM	R$ MM	R$464MM
267	197

R$ MM	R$	MM	R$(194)MM
23		(217)

Notes: (1) Considers adjusted consolidated figures for both companies; (2) As of August 2024	9

Value Creation