Iguatemi (IGTI3) Investor Day 2025 summary

Strategic direction, positioning, and business evolution

• Maintains a long-term, flexible strategy focused on portfolio strengthening, disciplined capital allocation, and continuous innovation, adapting to market volatility and leveraging M&A for growth.

• Acts as a gateway for international luxury brands, with 56% of international brand stores in Brazil located in its malls, and has launched first-in-country brands like H&M and Comme des Garçons.

• Recent acquisitions, including assets from Brookfield, have expanded the portfolio to 22 properties, with 17 shopping malls, enhancing market leadership in São Paulo and Rio de Janeiro.

• Emphasizes innovation, technology adoption, and customer experience, positioning as the entry point for global brands and fostering a diverse tenant mix.

• Expansion projects in Brasília, São Paulo, and Marketplace Retrofit introduce mixed-use concepts and new event spaces, with phased deliveries through 2028 and milestones set for 2027 and 2030.

Portfolio qualification, expansion, and commercial performance

• Strategic acquisitions and asset management have reinforced leadership in the premium segment, with a nationwide recognized portfolio and high occupancy rates (97.9% in 2025).

• Casa Figueira project in Campinas creates a new urban centrality, with phased commercialization and significant land monetization.

• Maintains a high concentration of top global and national brands, with a growing share of luxury and large retail chains.

• Temporary rentals, sponsorships, and digital media revenues have grown at a 24.7% CAGR since 2019, diversifying income streams.

• Sales have consistently outperformed the market, with double-digit growth in global brands and a 22% increase in overall sales.

Real estate development, capital allocation, and financial performance

• Real estate projects drive densification, value appreciation, and recurring income, with over 335,000 sqm of private area developed and 29 towers delivered.

• Consistent M&A history, including the sector's largest transaction (R$3.7 billion), has shifted the portfolio toward more profitable, dominant assets.

• Asset recycling and creative funding strategies have enabled acquisitions without significant leverage, boosting sales and rent per sqm.

• Expansion and retrofit projects are expected to deliver significant returns, with investments staggered through 2027–2028 and a focus on high-ROI assets.

• Cost efficiency and margin improvements are achieved through centralized operations, shared services, and sustainability initiatives.