8/14/2026

speaker
Operator
Conference Facilitator (Portuguese)

Bom dia, senhoras e senhores.

speaker
Operator
Conference Facilitator (English)

Good morning, ladies and gentlemen. Be welcome for the video conference from SYNC for the discussion about the results related to the second quarter for 2026. This video conference is going to be recorded and the replay can be accessed on the company website at i.sync.br. The presentation also be shared and available for download. We mentioned that all the panel is only going to watch the conference between the presentations. And after that, we're going to start the Q&A session. That's going to be received only by typing. Before we move forward, I really important to you that this is going to and something from the scene border and the actual information that is going to be shared. E Tech Sa S-Gdr E Tech Sa S-Gdr is our President for CEE and Hector Leitão, Financial Director and Relations with Investors from the company. We would like to take the order for Mr. Thiago Moura Salmatso that is going to be and start the presentation. Please move on, Mr. Thiago. Good morning. I would like the opportunity and the time of the ability to get the result meeting that I have here and we're going to start here our presentation talking about what is going to happen the second quarter in this E Tech Sa S-Gdr E Tech Sa S-Gdr E Tech Sa S-Gdr E Tech Sa S-Gdr E Tech Sa S-Gdr E Tech Sa S-Gdr E Tech Sa S-Gdr We're going to have a good increase and this reflects what the good work that we are doing related to improve the mix, to give new stores from our malls that have a sales where that is even bigger that they have and the competition that they have for this increase during this quarter. Last 10.5 was for the same store sales, but the new stores add a good quantity increase almost than 2% for the sales. and size that we are doing our work for a few years that improve for the kiosk mix and events and activations that have inside the most and these represent an increase for almost 7 million on the quarter too so our brand here we have the same stores even the same stores that have a few reduction here in this quarter but looking for the previous four ones we are always running above the inflation that we have in this quarter. We are a little more looking for the inflation, but it's still above. Moving for the corporate dividends, we have a decrease on this quarter, especially when you look for the Class A and these reductions around the level of occupation was related also for the occupation that we have in Nova São Paulo. It's we have a lot of companies partially give the area back to us. So, incorporation that we have for the buildings that we have, triple wave increase on the semester. When it's our that we have from CO Rio de Janeiro is a building that we have A lot of challenges there, but we are, in the last year, increasing the occupations. So, for the previous year, we have an occupation of 40%, and now we are more than 60%. And we are continuing to work a lot on this building. And talk a little bit about board, the logistics, warehouse. So, we are talking that the last phase is going to be delivered. and fortunately we this warehouse is 100% rented all the phases that we delivered with exception for the second phase all of them was 100% occupied and now we have a price of rental here for the last phase very aligned what we have in the market and you have a good perspective when you talk about the visions that is going to happen on the next years we have a few contracts that now in time to get a revision so We have an increase and we have the value of the rental for this warehouse even on this year of 2026. I'm now going to move to Hector. Hector, for the financial performance to you all. Good morning, you all. Well, according to the performance that we have for performance of the same properties results here, in comparison that I have the same portfolio that I have, excluding the activities that I have, the change of the participation, On the cases here, they have an expansion, operation expansion, at the level for the last phases here. The portfolio had an increase of 10.5 in relation to the previous year. Now we have 48 million here. On the malls here, splitting, we have 35.3 million. Against 32.2 in the previous year, we have 90.6% increase. In office, we have 13% of increase, adding the result of 12.9 million of the includes they have, who came from the recipe that we have here. They create organic key from increase of this B and remind that we don't have these incorporation to have a life for life, but we take into consideration the real knife from CLB. We're going to, we have a 18% increase here in relate to the previous year. Here, moving for the indicators, we have 27.9, very for the improvements that I showed to you. And also, we have a license here. We have different states here. It says we have a decrease in the FFO adjustment in relation to the previous year. 25.6 now we have 22.1 and here the main offender here is not the financial results we have cash flow here that was free and now in the second semester here we have in two different terms here so to have the best dollars here we have 350 millions in the end over here more 64 million so obviously This cash flow here on the first semester is going to be lower than it had on the previous year, even though our financial results have 19 million here, less than it had on the previous year. Moving forward with what we have here, we close the second semester with the March that we have here, about E Tech Sa S-Gdr E Tech Sa S-Gdr for 94.7 million, we close with 3.18 times related to EBITDA. An improvement related for the first quarter here, it would be well explained for the increase of this EBITDA. And move forward, what we have for Inducted Disperformance Amortization Schedule that we have here, we have E Tech Sa S-Gdr E Tech Sa S-Gdr E Tech Sa S-Gdr E Tech Sa S-Gdr E Tech Sa S-Gdr E Tech Sa S-Gdr E Tech Sa S-Gdr 90% a little more than having extended connected to the PCA with 9.6% and CDI we have 1.2 here so CDI when we look for that for the CDI spot and in PCA for the previous 12 years we have that below from CDI so 84% of our CDI that's very very good for us and we have to maintain this debt profile taking advantage here for something that is going to be positive and this way I'm going to close this financial meeting here I would like to take to take the final considerations related to the company. Well, such a close that I would like to reinforce the second quarter. We have to confirm that the fact that we are adopted to increase the operation, even for the malls and the commercial parts and the city position and re-qualification of the stores. And a few seconds later, we're going to move forward on the occupation that we have for, that we have more challenging here. And here on CLD, if we go to the cycle of important investment, we see that we have just collected the results. So, look for a good, to have a good equilibrium and a good construction. I would like to thank you very much once again to all the team for your presence. And please, have a nice day. The video conference for SYN is now closing. Thank you very much for the participation, we love you, and have a nice afternoon.

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