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INSTITUTIONAL PRESENTATION Fourth Quarter 2025 1 Mallplaza Oeste
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1. OUR COMPANY 2. WHY INVEST IN MALLPLAZA? 3. MARKET OVERVIEW 4. APPENDIX Mallplaza Antofagasta, Chile, 2
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I N S T I T U T I O N A L P R E S E N T A T I O N > Market size and growth: The Andean Region has a population comparable to that of Mexico, presenting great growth potential and favorable economic prospects. > Open and attractive economies: The open economies of the Andean Region make this market an attractive destination for the best international brands. Mallplaza stands out for its dominant position in this region, offering unique value to these retailers. > M&A and Brownfield growth opportunities: Especially in markets with lower GLA per capita penetration, such as Peru and Colombia, where there are ample opportunities for expansion and development. > Lower risk compared to other Latam regions : This translates into lower interest rates and reduced cost of capital, improving the viability of investments. CDS 5Y (basis points)2 Growth potential in the Andean Region Source: World Bank, Bloomberg, IMF. 1) GDP PPP as of 2025. 2 Real GDP Growth 2026E 2) Bloomberg, December 2025 Overall, the Andean market still has room to continue growing, especially Peru and Colombia, and the growth of the middle class should continue to support the growth thesis. GLA per 1,000 inhabitants (sqm) GDP PPP1 (mm US$) & Real GDP Growth (%) 107 131 212 Andean Region Mexico Brazil Population (millions of people) Real GDP Growth2 Andean Region Real rates 10Y (%)2 3 42 71 209 90 138 Chile Peru Colombia Mexico Brazil Chile Peru Colombia Mexico Brazil 2.3% 4.0% 7.1% 4.6% 7.4% 0 1 2 3 0 2.7% Andean Region 1.4% Mexico 1.8% Brazil 4,734,651 2,430,526 3,361,570 129 195 81 500 Andean Region Mexico Brazil USA
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I N S T I T U T I O N A L P R E S E N T A T I O N > With a unique portfolio of Top Tier assets and top of mind brands and stores 37 Shopping Centers 17 Chile 15 Peru 5 Colombia 23 Cities 10 Tier A Assets Leaders in it´s respective markets 2.35 Million m² of GLA 7.7 bn US$ Market Cap +5,300 Stores 385 Million visitors per year 47% GLA focused on experiences & convenience As of December 2025 4 December 31, 2025 The largest operator of shopping centers in the region
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I N S T I T U T I O N A L P R E S E N T A T I O N As of December 2025, Last Twelve months Annual var. v/s December 2024 32.2% 38.2% 33.7% EBITDA Margin 80.5% EBITDA 577.5 MM USD REVENUES 721 MM USD AFFO1 447 MM USD Mallplaza Vespucio, Chile Key Financial Highlights 5 350 bps (1) AFFO corresponds to the cash flow from the earnings of the owners of the parent company, weighted by their ownership interest in the operation. Excludes items that do not represent cash flow or are not recurring (other income and expenses by function) from the Income Statement. Does not include minority interest
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Capital Market Since the last capital increase, Mallplaza has recorded a sustained increase in its stock liquidity. 53.1% 46.9% Controlling Shareholder (Falabella S.A) Free Float % Pension Funds 23.8% Significant Minority 11.4% Investment Funds 6.8% Brokerage Firms 3.5% Insurance Companies and others 0.1% Mutual Funds 1.4% Shareholder Structure (Dec-25) 4Q25 4Q24 Var (%) Market Cap 7,742 3,597 115.2% Average Price 2,922 1,599 82.7% Closing Price 3,186 1,630 95.5% ADTV 180 (MMUSD)1 10,363,684 4,505,237 130.0% Number of Shares Traded 4,402,327 2,824,722 55.8% ADTV 180 days2 (kUSD) 3,597 4Q24 7,742 4Q25 +115.2% Market Cap (MMUSD) 4,505 4Q24 10,364 4Q25 +130.1% During the quarter, MSCI and FTSE announced their latest rebalancing, incorporating Mallplaza into the MSCI Mid-Large Cap Index and the FTSE. This is a major milestone that validates our solid performance and strong growth potential. This strategic step consolidates our position in global markets and significantly raises our profile among international investors. (1) ADTV 180 refers to the Average Daily Trading Volume over the past 180 days. 6
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I N S T I T U T I O N A L P R E S E N T A T I O N Mallplaza owns a leading shopping centers platform in South America Source: Company filings Notes: Sum of % might not add to 100% due to rounding. 1 as of 4Q25 2,352 1,190 1,451 1,907 720 449 862 807 Peer A Peer B Peer C Peer D Peer E Peer F Peer G GLA geographical breakdown Owned GLA (000’s sqm) 1 Market position #1 player (31% mkt. share) #2 player (19% mkt. share) #2 player (4% mkt. share) #3 player (4% mkt. share)#2 player (6% mkt. share) #1 player (11% mkt. share)#1 player (27% mkt. share) 100% #1 player (8% mkt. share) 100% 100%100% 100% 62% 26% 12% 91% 4% 5% 44% 34% 21% #2 player (27% mkt. share) #6 player (4% mkt. share) #5 player (1% mkt. share) #3 player (12% mkt. share) #3 player (13% mkt. share) #3 player (4% mkt. share) 7
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WHY INVEST IN MALLPLAZA? • Premium, dominant asset portfolio throughout the Andean Region that is unique in LATAM • High-value – experience-focused tenant mix strategically curated to drive high-impact traffic • Growth potential at regional level • Seasoned team with solid track record of execution • Leading innovation strategy to improve tenant and customer experience • ESG operational approach for a sustainable growth Mallplaza Los Dominicos, Chile Mallplaza Trujillo, Peru 8
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PREMIUM, DOMINANT ASSET PORTFOLIO WHY INVEST IN MALLPLAZA? Mallplaza Vespucio, Chile 9
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I N S T I T U T I O N A L P R E S E N T A T I O N 1. Andean Region considers Chile, Peru and Colombia. High quality portfolio: Leading portfolio across Andean Region 1 • Sales Leader: 11 Mallplaza assets generate over USD 200 million in annual sales, compared to just 4 and 6 malls for our main peers. • Revenue Leader: 13 Mallplaza assets report annual revenues exceeding USD 20 million, significantly outperforming the rest of the market. • Gateway to the Andean Market: We are the leading partner in the Andean region1 for top international brands such as H&M, IKEA, Zara, Inditex, Decathlon, and Nike. # of Malls with Revenue > USD 20 MM # of Malls with Sales > USD 200 MM Mallplaza Peer A Peer B Stores 19 Stores 12 Stores 6 Stores 3 Stores 1 Stores 0 Stores 5 Stores 4 Stores 4 Stores 38 Stores 31 Stores 11 Stores 6 Stores 2 Stores 3 # Stores of Leading Brands by Operator 2025 2025 10 13 5 5 Mallplaza Peer A Peer B 11 4 6 Mallplaza Peer A Peer B
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I N S T I T U T I O N A L P R E S E N T A T I O N Andean regional coverage COLOMBIA Mallplaza Buenavista 57,631 m² Mallplaza Cartagena 27,711 m² Mallplaza NQS 83,947 m² Mallplaza Manizales 39,517 m² Mallplaza Cali 68,340 sqm PERÚ Mallplaza Trujillo 81,940 m² Mallplaza Bellavista 91,170 m² Mallplaza Comas 80,868 m² Mallplaza Arequipa 42,578 m² Mallplaza Angamos 55,631 m² Mallplaza Piura 42,002 m² Open Atocongo 37,312 m² Mallplaza Huancayo 42,756 m² Power Centers (7 shopping centers)1 143,037 m² Mallplaza’s Urban Centers GLA As of December 2025 1. Considers 7 shopping centers (Trujillo, La Marina, Canta Callao, Huánuco, Chiclayo, Pucallpa, and Cajamarca). 37 High quality shopping centers +10 Tier A Leaders in booming markets. CHILE Mallplaza Arica 35,241 m² Mallplaza Iquique 26,771 m² Mallplaza Calama 77,742 m² Mallplaza Antofagasta 82,142 m² Mallplaza Copiapo 46,191 m² Mallplaza La Serena 64,116 m² Mallplaza Vespucio 188,259 m² Mallplaza Oeste 184,220 m² Mallplaza Tobalaba 78,989 m² Mallplaza Norte 135,661 m² Mallplaza Alameda 59,885 m² Mallplaza Sur 77,212 m² Mallplaza Egaña 94,788 m² Mallplaza Los Dominicos 95,766 m² Mallplaza Trébol 119,298 m² Mallplaza Mirador de Biobío 52,857 m² Mallplaza Los Ángeles 38,941 m² A A A A A A A A A A 11 2,352,518 sqm 53.6% 46.4% More than 46% of GLA is focused on Tier A assets. Tier A
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I N S T I T U T I O N A L P R E S E N T A T I O N Mallplaza Vespucio Top Tier Asset, Largest Mall in our Portfolio Mall with 188,259 sqm of GLA. High quality portfolio: Our top 10 Assets 12 Mallplaza Trébol Largest Mall in the South of Chile with 119,298 sqm of GLA. Mallplaza Oeste Mall with 184,220 sqm GLA. Host of the largest IKEA store in Chile. Mallplaza Antofagasta Mall with the highest footfall of the Big North of Chile. Mallplaza Trujillo Our mall with biggest footfall and sales in Peru, with a dominant position in the city of Trujillo. Mallplaza Norte Leading Mall in the north of Santiago with 135,661 sqm of GLA. Host the Operations Center of Mallplaza. Mallplaza NQS Mall acquired by Mallplaza in 2020. Footfall of more than 1.3 million people per month. Mallplaza La Serena Mall with the highest monthly revenue per sqm of our portfolio. Mallplaza Egaña Chosen as the best sustainable mall in the world in 2016. Mallplaza Buenavista Mall with 57,631 sqm of GLA, located in the city of Barranquilla, Colombia.
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I N S T I T U T I O N A L P R E S E N T A T I O N Asset risk diversification > Regional Diversification: More than 5,300 stores distributed across 37 urban centers, in 23 cities and 3 countries. > Lower Asset Dependence: No asset represents more than 10% in terms of GLA, and the top 5 assets only account for 37% and 40% of total sales and revenue respectively. > Winner Asset Type: Focused on regional Mall/Urban Center format (GLA mall average 73,000 sqm)1. Portfolio dependency risk distribution Weight % of the revenue of the Top 3 assets over the total net revenues of each company 4Q25 Portfolio dependency risk distribution Weight % of the sales of the Top 3 assets over the total sales of each company 4Q25 As of 4Q25 1. Excluding power center assets Mallplaza Peer A Peer B 26% 38% 37% Mallplaza Peer A Peer B 28% 40% 50% 13
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I N S T I T U T I O N A L P R E S E N T A T I O N Note: graphs prepared with information from industry operators published in their Results Reports at the end of 4Q2025. (1) Sales graph includes total sales by shopping center. MALLPLAZA 6COMPANY B 3 COMPANY A 1 MALLPLAZA 4 COMPANY B 3 COMPANY A 3 MALLPLAZA 6 COMPANY B 1 COMPANY A 3 SHOPPING CENTERS WITH HIGHER REVENUE 4Q2025 SHOPPING CENTERS WITH HIGHER SALES(1) 4Q2025 TOP 10 CHILE SHOPPING CENTERS WITH HIGHER REVENUE PER SQM 4Q2025 > Mallplaza has a portfolio of large, dominant malls with high productivity and a leading portfolio of tenant mix. > Unique top-tier assets, including nine Tier A urban centers. > +60% of our Company’s EBITDA comes from TIER A assets. Tier A • Dominant Mall with high productivity. • Big, high density markets. • Tenant & Consumer top of mind. High purchase power potential. Dominant Top Tier Assets Tier B • Leadership position in medium markets. • Portfolio of leading brands. • Lower Productivity • High tenant demand. Tier C • Competitive cities/markets. • Lower Productivity. • Cash – generation strategy. TOP 10 CHILE TOP 10 CHILE 14
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15 EXPERIENCE FOCUSED TENANT MIX WHY INVEST IN MALLPLAZA? Mallplaza Angamos Peru
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I N S T I T U T I O N A L P R E S E N T A T I O N Diversified GLA of high value brands focused on experience and entertainment GLA focused on non-traditional retail formats, customer experience and entertainment F&B and entertainment 14.3% Essential business with daily traffic 32.5% Others (medical facilities, educational centers, offices) 8.4% Specialty retail 21.1% Department stores 19.4% Automotive & other 4.3% ⚫ +50% of our GLA is focused on non-traditional retail formats, customer experience and entertainment Revenue distribution by ranking Business partners of Plaza S.A. Revenue contribution of related parties ⚫ Related companies (e.g. Falabella) represent only 13.5% of revenue Our platform provides a gateway to LatAm for high value global brands ⚫ 19 stores ⚫ 38 stores ⚫ 3 stores ⚫ 11 stores ⚫ 6 stores ⚫ 17 stores The average remaining lease term for Plaza’s tenants is 7 years ⚫ 13 stores ⚫ 7 stores Top 5 clients represent only 18% of revenue Source: Company filings Note: As of 4Q25 18.2% Top 5 26.4% Top 10 31.3% Top 15 13.5% 86.5% 16
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I N S T I T U T I O N A L P R E S E N T A T I O N Reconversion of Big Box stores High Value Brands (IKEA, H&M, Decathlon) New Specialty Retail proposals Essential Business with Daily Traffic Mixed Use Home Improvement and Automotive ~146,000 sqm Reconverted in Successful reconversion of our spaces Since 2019 12% of Big Box Stores GLA Duandy store, Mallplaza Tobalaba. Mallplaza Tobalaba Santiago • Urban Center with 78,989 sqm of GLA • Inaugurated in 1998, it has a dominant position in its market (Puente Alto) In line with the company's Department Store square meter recycling plan, in 2023 we reconverted a Paris store with 7,400 sqm of GLA, space that was reconverted during 2024 with great success in terms of visitor flow and revenue per square meter. Additions: • Incorporation of a 2,500 sqm H&M store on the second floor, an opening that is part of our alliance with this brand that aims to reach 19 stores at the regional level. • Opening of a Duandy store with 3,500 sqm on the second floor, a format with a diversified offer of household items. • Inauguration of a new Gastronomic Space on the second floor with 1,800 sqm, with 7 new proposals that strengthen the offer of this urban center, including the opening of Dulce Luna, El Japonés, Cantina Tobalaba, Tanta, Muu Steak, Pizzería Argentina and Mamma Mía. Main performance metrics: • Mall sales have increased by 1.5x from 2020 to the last twelve months ending in 2025. • Visitor flow has grown by 1.7x over the same period, reflecting strong customer engagement and traffic recovery. • Increased occupation from 84% to 98%. Successful reconversion of spaces Exposure Department Stores as % of Total GLA 0 10 20 30 26.7% 2020 26.0% 2021 24.7% 2022 20.3% 2023 20.0% 2024 19.4% 2025 -7.1 p.p 17
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I N S T I T U T I O N A L P R E S E N T A T I O N Innovation on new categories and concepts El Mercado del 14 proposal in F&B Gamers specialized sector Asian Street proposal in F&B > Inspired in the open culinary markets in large cities around the world, where different restaurants and local producers offer quality cuisine with a strong local identity, we inaugurated new F&B proposals called Mercados, with great success in our urban centers in Peru and Colombia. > Given this great success, during the second quarter of 2023 we decided to roll out this proposal in Chile, with the opening of “El Mercado del 14” in Mallplaza Vespucio, with 13 different gastronomic propositions such as Kunstmann, La Argentina Pizzeria, Doney Doner, CuracaRibs and Koychi, among others. 18 > During 2022, Mallplaza Vespucio completed the opening of a new space dedicated 100% to video game fans, Movistar GameClub, an area of more than 1,000 sqm, which includes entertainment, music and gastronomy, and in which visitors can access the best equipment and video games to live a unique gaming experience. > Due to the success that this new proposal has had in terms of attracting a new footfall to our urban centers, during 2023 and 2024 we opened Arena XP in Mallplaza Oeste a second Movistar GameClub in Mallplaza Trébol and a third one in Mallplaza Norte. > Inspired by the growing global popularity of Asian culture, cuisine, and lifestyle, we are launching a 1,800 square-meter concept that brings together 16 proposals combining Asian gastronomy and retail. This is the first space of its kind inside a shopping center in Chile. > Located on the third floor of Mallplaza Los Dominicos, the project opened its first phase in August 2025 and is expected to be fully open by the end of the year. It will offer a curated mix of eateries, street-food concepts, dessert spots, and specialty retail that reflect Asia’s vibrant and rising influence.
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GROWTH POTENTIAL WHY INVEST IN MALLPLAZA? Mallplaza Cali, Colombia 19
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I N S T I T U T I O N A L P R E S E N T A T I O N Tangible growth avenues Driving Value Through Our Existing Assets ▪ Better value proposition ▪ reconversions ▪ Change tenant mix from convenience to experience ▪ Maturing of Cali and NQS increase lease spread Deliver 225,000 m² over the next 2 years ▪ Scale omnichannel, data, media, and parking to drive results ▪ Enhance visitor experience to grow commercial business partners and parking revenue ▪ Monetize new services and partnerships to diversify revenues Strategic Expansion Complementary Business Inorganic Organic Brownfield ▪ Low execution risk ▪ Cost attractive projects 31% Market Share 19% Market Share 4% Market Share 20 New Formats ▪ Premium Outlet
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I N S T I T U T I O N A L P R E S E N T A T I O N Announced Projects 21 1.Asset Investment: This investment is dedicated to the transformation into a premium outlet format. 2.Total Investment Amount: The total investment figure also includes expenditures for asset transformation. Exchange Rate: 91 1.2 CLP/USD as of December 31, 2025. 32.0% 68.0% Openings by country (sqm) 33.0% 67.0% Openings by country (MMUSD) Peru Chile 168,600 sqm 607.7 MMUSD Driving Asset Productivity and Value: We are committing an investment of USD 607.7 million to add 168,600 m² of GLA. Through a cross-cutting plan of expansions, transformations, and new formats, we will enhance our tenant mix with increased dining, entertainment, specialty retail, and other high- productivity categories, further consolidating our centers as urban benchmarks. 2H 2026 1H 2026 Shopping Center Type Estimated OpeningCountry Expansion sqm Total Project Investment (MMUSD) Mallplaza Vespucio Expansion 19,600 45.3 Mallplaza Los Domínicos Transformation - 2.6 Mallplaza Antofagasta Expansion 1,600 4.0 Mallplaza Norte2 Transformation - 4.3 Open Plaza Atocongo1 Transformation 1H 2026 - 7.5 Mallplaza Iquique Expansion 1H 2026 3,700 7.7 Mallplaza Huancayo2 Transformation 1H 2026 - 0.8 Mallplaza Oeste 2 Expansion 2H 2026 16,100 45.5 Mallplaza Trujillo2 Expansion 2H 2026 7,500 42.4 Mallplaza Trébol2 Expansion 1H 2027 26,100 105.8 Mallplaza Angamos2 Expansion 1H 2027 17,900 68.8 Open Plaza La Marina 2 Expansion 2H 2027 21,300 56.5 Mallplaza La Serena 2 Expansion 2H 2027 9,500 65.2 Mallpaza Arequipa Expansion 2H 2026 400 0.5 Remaining Investment (MMUSD) 7.1 0.3 0.3 41.7 42.4 0.5 102.5 68.3 56.4 64.4 Total to be opened 168,600 607.7 575.2 Mallplaza Piura Expansion 7,200 27.0 24.7 Premium Outlets Biobío Transformation 6,600 12.0 0.1 - - - 3.3 Total Opened 32,800 66.6 3.3 a Total 201,400 674.3 578.5 Mallplaza Norte 2 Expansion 1H 2027 12,400 37.3 28.2 Other Projects Colombia Expansion 5,000 2.6 - Other Chile projects Expansion 2H 2028 46,500 138.3 138.3 Post- Project GLA sqm 419,024 985,600 1,404,624 188,259 95,766 82,142 52,857 37,312 30,471 42,756 49,202 200,320 89,440 42,978 148,061 145,398 73,531 73,616 - 52,513 - GLA 419,024 863,500 1,282,524 188,259 95,766 82,142 52,857 - 0 37,312 42,756 26,771 42,002 184,220 81,940 42,578 135,661 119,298 55,631 31,213 - 64,116
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I N S T I T U T I O N A L P R E S E N T A T I O N In 2024, Mallplaza took a key strategic step in its expansion in the Andean Region with the acquisition of Open Plaza's assets in Peru and 66.6% of Mallplaza Peru's assets. This transaction consolidated us as the second largest operator in this country in terms of GLA, with a solid platform of 15 shopping centers in nine cities, strengthening our presence and leadership in the sector. From day one, we carried out an efficient integration of these assets. The impact of this acquisition was reflected in our solid financial and operational results for the fourth quarter, allowing the company to consolidate incremental EBITDA of MM CLP 9,497 for the month of December. Our strategy in Peru seeks to improve the value proposition and market share of our assets in Peru. Currently, 60% of the GLA of the former Open Plaza Peru assets is allocated to convenience. We seek to transform these assets into an experience-oriented model, balancing the commercial mix and promoting categories such as fashion and entertainment. This represents a key opportunity to strengthen the value proposition of our assets for our visitors. In the coming months, we expect to incorporate important brands that already operate in our shopping centers in Chile and Colombia into our Peruvian assets, which will strengthen the value proposition of our assets, expanding the fashion offer with brands that are flow drivers. Looking ahead, we have an ambitious expansion plan in Peru consisting of brownfield projects that will add 100,000 m² over the next three years. This growth will be focused on strengthening strategic assets such as Mallplaza Trujillo, our current Tier A urban center in this country, Mallplaza Comas, Mallplaza Angamos, Mallplaza Piura and Mallplaza Huancayo. Falabella Peru acquisition Acquisition of 66.7% of Mallplaza Peru S.A. and 100% of Open Plaza Peru Consolidation: December 2024 Total Area: Open Plaza Peru 320,738 sqm Mallplaza Peru 296,556 sqm Breakdown GLA Open Plaza sqm Growth, Inorganic Mallplaza Angamos, Peru. 10% 60% 5% 12% 13% F&B and Entertainment Convenience Others (Medical Facilities, Educational Centers, Offices Specialty Retail Department Stores 320,738 22
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I N S T I T U T I O N A L P R E S E N T A T I O N 50 75 71 101 0 50 100 150 Mallplaza Huancayo Mallplaza Angamos Mallplaza Piura Mallplaza Trujillo 583 974 0 500 1,000 1,500 2,000 0.0 0.2 0.4 0.6 0.8 1.0 Mallplaza Huancayo Mallplaza Angamos 1,026 Mallplaza Piura 1,531 Mallplaza Trujillo Breakdown GLA Open Plaza sqm Transforming our new assets into Urban Centers Mallplaza Angamos, Peru. Breakdown GLA Mall Plaza Peru sqm Monthly Sale per sqm (Th PEN) Monthly Revenue per sqm (Th PEN) Average: 861 +77.8% 10% 60% 5% 13% 12% F&B and Entertainment Convenience Others (Medical Facilities, Educational Centers, Offices) Specialty Retail Department Stores 16% 29% 16% 17% 21% F&B and Entertainment Convenience Others (Medical Facilities, Educational Centers, Offices) Specialty Retail Department Stores 320,738 296,556 23 Tangible Opportunity to change from Convenience to Experience Average: 65 +55.3%
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I N S T I T U T I O N A L P R E S E N T A T I O N 2022 2023 2024 2025 32,736 67,525 68,508 78,910 +34% 2022 2023 2024 2025 212,494 387,383 554,668 627,588 +43% Mallplaza NQS consolidates its evolutionary track record, positioning itself today as a Tier A strategic asset in the Colombian capital. At the heart of this transformation is a refreshed look & feel, a simplified customer journey, and an enhanced customer experience. Most notably, we have improved and expanded our commercial mix, introducing a robust dining and entertainment offering that is unique to the city. This includes upgraded retail (fashion) brands and a wide variety of services for our public, featuring unique additions like the first IKEA in Colombia (28,000 sqm). Importantly, since our arrival, we have successfully increased foot traffic by 75% as a result of the aforementioned transformation.The strength of this model is reflected in its 2025 year-end figures: a 96.9% occupancy rate, a 15.2% increase in revenue, and a 13.1% growth in sales. The success of this redevelopment validates our operational and commercial management capabilities, turning Mallplaza NQS not only into a pillar of profitability but also into a key enabler for future M&A in the region. Mallplaza NQS Bogotá, Colombia Acquisition Date: 3Q 2020 Total Area: GLA 83.947 sqm Mallplaza NQS, Colombia. Case Study 24 2022 2023 2024 2025 1,205 1,416 1,544 1,573 +9% Footfall (MM)Sales (MM COP)Revenue (MM COP) CAGR 22 – 25CAGR 22 – 25CAGR 22 – 25
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I N S T I T U T I O N A L P R E S E N T A T I O N 9 13 14 16 2022 2023 2024 2025 +19% Mallplaza Comas has positioned itself as the main commercial hub in Lima Norte, integrating retail, entertainment, and services within a continuously expanding urban environment. With 80,868 m² of GLA and more than 180 stores, the center has evolved toward a more segmented, customer-oriented model. Strategically located in the district of Comas, the urban center benefits from the sustained growth of Lima Norte and improved connectivity through major road corridors. Although Mallplaza Comas faced a challenging environment since opening during the pandemic, its strong value proposition has enabled it to consolidate as a high-potential Tier B asset within Mallplaza’s portfolio in Peru. From an operational standpoint, its strong performance is reflected in a CAGR of 12% in sales and 17% in rental revenues over the 2022– 2025 period. These results reaffirm the strength of its commercial offering and its strategic position within Mallplaza’s urban center ecosystem in the region. Its evolution highlights the strength of our management capabilities and Mallplaza’s ability to develop highly complex projects, even under challenging conditions. In the surrounding area, the development of residential projects will help densify the zone and generate greater footfall, further strengthening the center's positioning and growth potential. Ultimately, Mallplaza Comas reaffirms our presence in the Peruvian market and demonstrates, through concrete results, the consolidation of the Mallplaza signature approach to creating and operating benchmark urban centers in the region. Footfall (MM)Sales (M Soles)Revenue (M Soles) Mallplaza Comas Lima Peru Opening Date: 4Q 2020 Total Area: 80,868 sqm Mallplaza Comas, Peru. Pending CAGR 22 – 25 Case Study 25 2022 2023 2024 2025 424,085 475,823 521,016 593,661 +12% CAGR 22 – 25CAGR 22 – 25 2022 2023 2024 2025 37 45 57 59+17%
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I N S T I T U T I O N A L P R E S E N T A T I O N Main Indicators of Mallplaza Vespucio post-expansion1 Revenue (MM CLP)Sales (MM CLP) Lifestyle zone, Mallplaza Vespucio. Lifestyle zone, Mallplaza Vespucio. Mallplaza Vespucio Remodeling and Expansion Lifestyle Project Opening: 4Q 2024 Approximate Total Area: 188,259 sqm Expansion: 19,600 sqm Visitor Flow (M) 27,062 2024 31,713 2025 +17.2% 566,186 2024 654,663 2025 +15.6% 61,823 2024 72,766 2025 +17.7% Mallplaza Vespucio, located in La Florida, is Mallplaza's main urban center in Chile and one of the most visited spaces in the country, with over 2.5 million monthly visits. With more than 188,000 m² of GLA, it integrates retail, gastronomy, services, education, health, and culture, consolidating itself as a true multifunctional urban ecosystem. Its connectivity Metro, highways, and public transportation gives it a unique isochrone that covers more than one million inhabitants in southeastern Santiago, making it a hub of attraction and a local economic driver. The center's expansion, which added 19,600 m² and a new Lifestyle zone, marked a turning point in its evolution. With a contemporary open-air design, new facades, and public spaces like a 12,000 m² urban park, the transformation strengthened its experiential offering. The project generated a halo effect: sales and revenue grew 17.7% and 15.7% respectively in the last twelve months, while visitor footfall and length of stay continued to rise, solidifying the mall as an urban benchmark for the southeastern area. More than just a commercial space, Mallplaza Vespucio is now an urban hub that combines growth, innovation, and sustainability. With a 1,760-panel solar plant, free-flow parking systems, and omnichannel management, it leads the transformation toward a sustainable and connected urban center model. Its evolution demonstrates how a retail asset can become a center for community life, integrating mobility, commerce, and community within the metropolitan fabric of Santiago. Case Study 261. 4Q25 vs. 4Q24
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I N S T I T U T I O N A L P R E S E N T A T I O N Growth, Brownfield 27 Projects Under Development Mallplaza Norte Mallplaza Norte is driving a comprehensive transformation by optimizing its mix of fashion, gastronomy, and entertainment. The plan includes the renovation of 40% of its stores, the "Terrazas" sector, and a new Autoplaza. This 12,400 m² expansion aims to elevate the customer experience and capture new consumer segments Transformation and Expansion Opening: 1H 2027 Total Area: 135,661 sqm Final Area: 148,061 sqm Expansion: 12,400 sqm Total Investment: MMUSD 37.3 Mallplaza Oeste strengthens its position as the leading urban center for Cerrillos and Maipú, adding 16,100 m². The project introduces a unique services zone connecting the commercial interior with high-value brands. This expansion enhances the customer experience through an upgraded Look & Feel, a holistic entertainment offer, and optimized visitor flows Transformation and Expansion Opening: 2H 2026 Total Area: 182,597 sqm Final Area: 198,697 sqm Expansion: 16,100 sqm Total Investment: MMUSD 45.5 Mallplaza Oeste Mallplaza Trébol strengthens its regional leadership with a 26,100 sqm expansion. The project integrates the first dining boulevard in Concepción-Talcahuano and bolsters its fashion and entertainment offerings. This transformation comprehensively renews its exterior design, consolidating it as the company's second most important urban center. Transformation and Expansion Opening : 1H 2027 Total Area : 119,298 sqm Final Area : 145,398 sqm Expansion : 26,100 sqm Total Investment : MMUSD 105.8 Mallplaza Trébol
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I N S T I T U T I O N A L P R E S E N T A T I O N Growth, Brownfield 28 Projects Under Development Mallplaza Trujillo Mallplaza Trujillo, the most relevant Tier A asset in the portfolio, is expanding by 7,500 m² to become the first lifestyle center in northern Peru. With a total of 81,940 m² of GLA, the project integrates a new fashion and gastronomy district, renovated architecture, and modern urban spaces, consolidating its regional leadership. Transformation and Expansion Opening: 1H 2027 Total Area: 55,631 sqm Final Area: 73,531 sqm Expansion: 17,900 sqm Total Investment: MMUSD 68.8 Mallplaza Angamos is being transformed into a Tier A urban center and the brand's flagship in Peru. The plan adds 17,900 m² of expansion, exceeding 73,000 m² of GLA with a unique gastronomic proposal and global brands. This evolution will renovate its architecture and experience, consolidating it as a benchmark for urban life in Lima. Transformation and Expansion Mallplaza Angamos Opening: 2H 2026 Total Area: 81,940 sqm Final Area: 89,440 sqm Expansion: 7,500 sqm Total Investment: MMUSD 42.4 Mallplaza Piura is evolving into a Tier A urban center by expanding its surface by 7,200 m². The project renews its value proposition with international brands and a modern gastronomic zone. This transformation optimizes design and experience, consolidating the mall as the leading commercial reference in the region. Transformation and Expansion Opening: 2H 2026 Total Area: 42,002 sqm Final Area: 49,202 sqm Expansion: 7,200 sqm Total Investment: MMUSD 27.0 Mallplaza Piura
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I N S T I T U T I O N A L P R E S E N T A T I O N Growth, New Formats 29 The comprehensive transformation of Mallplaza Premium Outlets Biobío marks a milestone in our portfolio strategy. Through a highly efficient USD 12.0 million investment, we tactically reconverted a mature asset, optimizing over 52,800 m² and integrating global brands like Calvin Klein, ASICS, Puma, Dockers, Levi’s y New Balance. Following this blueprint, the transformation of Open Plaza Atocongo is already underway. With construction works actively progressing, we are shifting its value proposition from a convenience center into a premium outlet. Strategically located on Lima's Panamericana highway, this power center offers rapid access to high-income districts (Surco, La Molina, San Borja). The reconversion will elevate the commercial mix with top-tier brands like Calvin Klein, ASICS, Puma, Dockers, Levi’s and New Balance. By upgrading the visitor experience and optimizing productivity per square meter, Atocongo is perfectly positioned to capture Lima's dynamic consumption and diversify Mallplaza's retail offering in Peru. Ultimately, this dual-market approach reflects our broader vision to maximize return on invested capital across the Andean Region. By continuously adapting our mature real estate assets to meet evolving consumer demands, we are not only driving sustainable sales growth but also strengthening Mallplaza’s position as a dominant, agile leader in the Latin American retail market. Mallplaza Premium Outlets Mallplaza Premium Outlets Biobío Opening: December 2025 Expansion: 6,600 sqm Post Project Area: 52,857 sqm Total Invesment: MMUSD 12.0 The Outlet format marks a new milestone in the transformation of our value proposition. Open Plaza Atocongo Lima Opening: 1H 2026 Post Project Area: 37,312 sqm Total Invesment: MMUSD 7.5
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I N S T I T U T I O N A L P R E S E N T A T I O N Mallplaza Consistently Beats Inflation -5,0% 0,0% 5,0% 10,0% 15,0% 20,0% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 SSR Inflation Spread 3.5% 3.8% 7.3% 0,0% 5,0% 10,0% 15,0% 20,0% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 SSR Inflation Spread 1.3% 4.9% 6.2% -30,0% -20,0% -10,0% 0,0% 10,0% 20,0% 30,0% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 SSR Inflation Spread 5.0% 4.3% 9.3% CHILE PERU COLOMBIA Mallplaza consistently Outperforming Inflation Across the Andean Region 301. The data presented are for the quarter 1Q23 - 4Q25 AVG SSR AVG Inflation Avg Spread Chile 7,2% 5,0% 2,2% Peru 7,4% 3,1% 4,3% Colombia 10,4% 7,3% 3,1%
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I N S T I T U T I O N A L P R E S E N T A T I O N Municipality Shopping Center Area (sqm) Huechuraba Mallplaza Norte 16,000 San Bernardo Mallplaza Sur 156,800 Other Chile Confidential 426,400 Total Chile 599,200 Trujillo Mallplaza Trujillo 10,000 Bellavista Mallplaza Bellavista 6,000 Arequipa Mallplaza Arequipa 3,000 Total Peru 19,000 Total 618,200 At Mallplaza, we have an undeveloped land bank totaling 618,200 m² in Chile and Peru. Of this amount, 165,000 m² are designated for sale, while the remaining 453,200 m² have been reserved for future investment development. These reserved lands offer significant growth potential, whether through the expansion of existing properties or the introduction of new formats and categories. It is important to highlight that this figure does not include the already developed land where our current urban centers operate in Chile. These locations represent additional construction potential of more than 9.000.000 m², which approximately more than 16% has been developed to date. Growth Potential Landbank Mallplaza Antofagasta, Chile. Lanbank 31
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I N S T I T U T I O N A L P R E S E N T A T I O N 2021 2022 2023 2024 2025 5.4x 4.4x 5.5x 3.4x 5.9x 3.4x 6.8x 3.8x 7.7x 2.5x Strong balance sheet as an enabler of future growth opportunities Financial Debt Service Profile Debt Service (MM CLP) International AA+ (CL) Feller Rate AA+ (CL) Humphreys Baa2 (Moodys)1 • Payment profile of financial debt is predominantly long-term, with 91% of its maturity in 1 or more years. • 20% of financial debt maturities exceed 10 years. • The financial debt is fixed rate and in the same currency in which the flows associated with its payment are generated, with an average duration of 7 years. • The Loan to Value Ratio (LTV) is 19%. • Net Debt to EBITDA of 2.5x. EBITDA 2025 526,228 MMCLP 1. Equivalent to BBB+ stand-alone rating EBITDA / Financial Expenses Net Debt / EBITDA BBB (Fitch) 32 Local year < 1 years < 1 - > 2 years < 2 - > 3 years < 3 - > 4 years < 4 - > 5 years < 5 - > 10 years > 10 175,296 150,654 192,409 206,351 142,812 784,410 420,667
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SOLID TRACK RECORD WHY INVEST IN MALLPLAZA? Mallplaza Vespucio, Chile 33
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I N S T I T U T I O N A L P R E S E N T A T I O N Managers Title Years in the Company Oscar Munizaga Bussiness and Development 33 Cristián Somarriva Peru Division 33 Alfredo Camponovo Chile Division 14 Rafael Jaramillo Colombia Division 7 Derek Schwietzer Tang CFO 3 Hernán Silva Legal and Compliance 26 Soledad De Cabo CHRO 1 Ana Karina Navarrete Controller 4 PABLO PULIDO CEO +15 years in the industry CEO since December 2025 Years in the company: 10 SERGIO CARDONE SOLARI CHAIRMAN Cofounder of Mallplaza 37 years in the Board Chairman since 2009 Years in the company: 37 EXECUTIVE TEAM Highly Experienced Executive Team Managers Title Years in the Company Paul Fürst Gwinner Director 16 Carlo Solari Donaggio Director 16 Ian Fürst Garmendia Director 1 Enrique Ostalé Cambiaso Director 1 Pablo Eyzaguirre Court Director 8 Alejandro Puentes Bruno Director 6 Dafne González Lizama Director 3 Manuel Ovalle Edwards Independent Director 1 BOARD OF DIRECTORS 34
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I N S T I T U T I O N A L P R E S E N T A T I O N 227 248 260 280 309 310 187 277 384 420 494 654 81% 2014 82% 2015 80% 2016 79% 2017 80% 2018 77% 2019 62% 2020 75% 2021 74% 2022 77% 2023 77% 2024 81% 2025 10.0% Total GLA (‘000) 1,358 1,487 1,526 1,438 1,567 1,652 1,702 1,814 1,858 1,888 1,927 2,352 # Administred Assets 19 21 21 19 21 23 23 25 25 25 25 37 Greenfield 1 1 2 2 1 Acquisition 1 1 1 11 Divestment 2 Net Revenues 1990 – 4Q2025 Mallplaza 37 Malls 3 countries EBITDA Margin Net Revenue Net Revenues (MMM CLP)1: 10.1% CAGR or 2.9x EBITDA2: 10.1% CAGR or 2.9x Total GLA growth3: 5.1% CAGR or 1.7x 2014 – 2025 CAGR Net Revenue Returning Capital to Shareholders 35 (1,2,3) The CAGR is calculated from 2014 to 2025.
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I N S T I T U T I O N A L P R E S E N T A T I O N Efficient operation with a quick post-pandemic recovery Visitor flow (MM) Revenue (MM USD) Tenants Sales (MM USD) EBITDA (MM USD) EBITDA Mg (%) 285 149 211 270 285 310 385 2019 2020 2021 2022 2023 2024 2025 +35% 3,958 2019 2,610 2020 4,252 2021 5,112 2022 5,225 2023 5,922 2024 7,300 2025 +84% 341 207 305 423 468 545 721 2019 2020 2021 2022 2023 2024 2025 +111% 263 128 230 312 355 420 580 77,0% 2019 62,0% 2020 75,4% 2021 76,2% 2022 76,7% 2023 77,0% 2024 80,5% 2025 +121% 36
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I N S T I T U T I O N A L P R E S E N T A T I O N Dividends and % Payout 2013 40.0% 2014 40.2% 2015 40.1% 2016 40.0% 2017 40.1% 2018 30.3% 2019 40.0% 2020 45.9% 2021 40.0% 2022 40.0% 2023 40.0% 2024 38,825 33,320 36,652 36,260 42,434 47,040 30,282 4,900 21,364 27,440 79,016 95,331 41.3% Payout (%) Dividends (MM CLP) Returning Capital to Shareholders 37
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Complementary Business WHY INVEST IN MALLPLAZA? Click&Collect Mallplaza Vespucio, Chile. 38
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I N S T I T U T I O N A L P R E S E N T A T I O N Complementary Business Growth, Parking 39 25.9% 4Q24 29.5% 4Q25 +360 bps 5.5% 16,909 2019 4.9% 9,248 2020 5.2% 13,650 2021 6.7% 24,110 2022 8.4% 35,110 2023 9.5% 46,725 2024 10.4% 67,780 2025 26.0% p.a. We continue to strengthen our digital parking service through integration with leading applications in the digital ecosystem. Over 950,000 monthly visitors benefit from our free-flow system. In Chile, the adoption of this solution continues to rise, reaching a 29.5% penetration rate among users in Q425 MMCLP Parking Consolidated Revenue (MMCLP)1 Parking Contribution / Revenue2 % of total net revenue from Plaza 2022 2023 2024 2025 7.0% 2.8% 3.0% 8.7% 4.3% 3.4% 10.1% 5.4% 4.1% 11.7% 8.3% 6.0% CAGR 2019 – 2025 1. The chart excludes Peru's operations until December 2024. 2. Data presented includes Open as of December 2024. . Parking Digital Active commercial management, innovation, and improved traffic flow have driven sustained growth in parking, consistently contributing to revenue increases.
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ESG APPROACH WHY INVEST IN MALLPLAZA? community greenhouse, Parque Humedal Memoria de la Vertiente.Huechuraba, Chile 40
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I N S T I T U T I O N A L P R E S E N T A T I O N ESG APPROACH 41
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I N S T I T U T I O N A L P R E S E N T A T I O N Sustainability 42 Social • We continue to advance our sustainability roadmap by committing to validate our emission reduction targets with the Science Based Targets initiative (SBTi), an international organization that drives corporate climate action aligned with the latest science. With this milestone, we reaffirm our commitment to moving toward an increasingly efficient and responsible operation. • Mallplaza's Board of Directors was named Board of the Year, a distinction awarded by the Institute of Directors of Chile (IdD). This recognition honors companies that demonstrate exemplary performance in corporate governance, regulatory compliance, equity, diversity, and inclusion (DEI), risk management, and commitment with environmental sustainability. • Our training model for Frontline Personnel (PEC) covering security, parking, maintenance, and services was recognized as one of the best communication practices in Integrity and Compliance by the Fundación Generación Empresarial. Environment Merco Empresas Recognition Ceremony "Sello Mayor" Recognition Ceremony Board of the Year Award Governance • We have concluded the 3rd edition of our Social Project Accelerator, an initiative carried out in partnership with the Junto al Barrio Foundation. This year, we delivered 10 community projects focused on reforestation, recycling centers (Puntos Limpios), and community gardens/greenhouses. Furthermore, the program saw the participation of more than 60 social leaders from the districts of Estación Central, San Bernardo, Cerrillos, Maipú, La Florida, and Huechuraba • We secured the No. 1 position in the Real Estate-Retail category and ranked 25th in the general Merco Empresas ranking • We were recognized by SelloMayor as a 'Company Committed to Seniors,' while Mallplaza Egaña was honored as the first 'Senior-Friendly' Shopping Center.
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1. OUR COMPANY 2. WHY INVEST IN MALLPLAZA? 3. MARKET OVERVIEW 4. APPENDIX Mallplaza Vespucio, Chile 43
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I N S T I T U T I O N A L P R E S E N T A T I O N Andean Region – Economic Outlook Source: IMF, Central Banks, Bloomberg Business Confidence Inflation - Annual After a period of high inflation, inflation expectations for the end of 2024 show a normalization, converging to the target ranges of the central banks Interest Rate Estimate Q126 Chile 4.3% Colombia 10.0% Peru 4.1% Estimate Q126 Chile 2.9 % Colombia 5.2 % Peru 1.7% 2017-12-01 2018-06-01 2018-12-01 2019-06-01 2019-12-01 2020-06-01 2020-12-01 2021-06-01 2021-12-01 2022-06-01 2022-12-01 2023-06-01 2023-12-01 2024-06-01 2024-12-01 2025-06-01 2025-12-01 Chile Colombia Perú 2017-12-01 2018-06-01 2018-12-01 2019-06-01 2019-12-01 2020-06-01 2020-12-01 2021-06-01 2021-12-01 2022-06-01 2022-12-01 2023-06-01 2023-12-01 2024-06-01 2024-12-01 2025-06-01 2025-12-01 Chile Colombia Perú 2018-01-01 2018-06-01 2018-11-01 2019-04-01 2019-09-01 2020-02-01 2020-07-01 2020-12-01 2021-05-01 2021-10-01 2022-03-01 2022-08-01 2023-01-01 2023-06-01 2023-11-01 2024-04-01 2024-09-01 2025-02-01 2025-07-01 2025-12-01 Chile Colombia Peru 44 Chile was the first country in the region that cut it´s interest rate after a wave of hikes to contain post- pandemic inflation Dec-25 Chile 45 Colombia 18 Peru 55
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1. OUR COMPANY 2. WHY INVEST IN MALLPLAZA? 3. MARKET OVERVIEW 4. APPENDIX Mallpaza NQS. Colombia 45
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I N S T I T U T I O N A L P R E S E N T A T I O N 1. Consider the differential of added square meters 46 Evolution of Operational and Financial Results YEAR EVOLUTION BY YEAR 2021 2022 2023 2024 2025 CAGR (2021 – 2025) Operational figures Aggregate GLA (Reduced) (sqm) 43,806 30,458 38,618 413,628 12,150 Total Managed GLA (sqm) 1,857,664 1,888,122 1,926,740 2,340,368 2,352,518 6.1% Tenant sales (billions of pesos) 3,857 4,637 4,740 5,372 6,621 14.5% Visitor flows (millions of people) 210 270 285 311 385 16.4% STATEMENT OF RESULTS (Millions of CLP) Net Revenue 276,695 383,864 419,904 494,605 653,911 24.0% Sales cost (92,089) (100,304) (57,427) (44,769) (39,056) Administrative expenses (31,830) (57,385) (42,445) (71,311) (92,237) EBITDA 208,621 282,699 322,185 380,637 526,228 26.0% Profit (loss) attributable to controller's owners 46,556 66,445 349,759 335,934 1,431,012 135.5% Adjusted FFO 164,931 218,931 257,220 303,195 405,300 25.2% EBITDA Margin (% over revenue) 75% 74% 77% 77% 81% FFO Margin (% over revenue) 60% 61% 60% 61% 63% Earnings per Share (CLP) 23.8 33.9 178.4 162.5 653.4 128.9% FFO per Share (CLP) 84.1 111.7 131.2 146.7 185.1 21.8%
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I N S T I T U T I O N A L P R E S E N T A T I O N Mallplaza NQS, Bogotá. 47 Main Indicators 4Q25 4Q24 % - p.p. 2025 2024 % - p.p. Consolidated GLA (sqm) 2,352,518 2,340,368 0.5% 2,352,518 2,340,368 0.5% Footfall (millions) 106.4 91.7 16.0% 385.3 310.7 24.0% Occupancy 95.9% 96.6% -0.7 p.p 95.9% 96.6% -0.7 p.p Tenant Sales (MMCLP) 1,959,828 1,683,437 16.4% 6,621,640 5,387,967 22.9% Average monthly Sales sqm(CLP) 318,618 304,031 4.8% 267,469 258,166 3.6% Average monthly Revenues sqm (CLP) 24,687 24,457 0.9% 23,263 23,639 -1.6% Var Same Store Sales 5.9% 7.9% -2.0 p.p 6.7% 4.5% 2.2 p.p Var Same Store Rent 7.3% 9.4% -2.1 p.p 6.3% 7.3% -1.0 p.p Occupancy Cost 8.8% 8.9% -0.1 p.p 9.3% 9.7% -0.4 p.p (+) Lease 0.1 p.p 0.1 p.p (+) Common Expenses and Promotion Fund -0.1 p.p -0.6 p.p n 6.4% 2.4% 6.3% 2.5% 6.8% 2.4% 6.7% 3.0% 4Q24 metrics are calculated based on Managed GLA. Metrics per sqm are calculated using the average sqm for each period.
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I N S T I T U T I O N A L P R E S E N T A T I O N 48 Main Indicators 1. Profit attributable to the owners of the parent company. There is a higher non -operating result, associated with the increase d fair value gain on investment properties. 2. The FFO per share calculation considers the total number of shares as of the last business day of the period. Metrics per sqm are calculated using the average sqm for each period . Metrics per sqm are calculated using the average sqm for each period. 4Q25 4Q24 % - p.p. 2025 2024 % - p.p. Net Revenue (MMCLP) 173,705 140,529 23.6% 653,911 494,605 32.2% Cost of sales and SG&A (MMCLP) (33,682) (32,941) 2.2% (131,292) (116,080) 13.1% EBITDA (MMCLP) 140,998 108,313 30.2% 526,228 380,637 38.2% EBITDA Margin (%) 81.2% 77.1% 4.1 pp 80.5% 77.0% 3.5 p.p Net Income (MMCLP)1 857,573 100,847 750.4% 1,431,012 335,934 326.0% Profit attributable to controlling interest excluding Fair Value 138,390 74,386 86.0% 369,312 240,902 53.3% Consolidated Plaza FFO total by participation (MMCLP) 110,622 81,626 35.5% 405,300 303,195 33.7% Adjusted FFO Margin (%) 63.8% 57.4% 6.4 pp 62.5% 59.8% 2.7 p.p FFO / Share (CLP)2 50.5 37.3 35.5% 185.1 146.7 26.2% Monthly EBITDA sqm (CLP) 19,978 15,427 29.5% 18,641 13,553 37.5% Monthly FFO sqm (CLP) 15,674 11,626 34.8% 14,357 10,796 33.0% a Net margin (%) 493.7% 71.8% 421.9 pp 218.8% 67.9% 150.9 p.p Net Financial Debt / EBITDA 2.5x 3.8x -1.3x 2.5x 3.8x -1.3x Net margin attributable to controlling interest excluding Fair Value (%) 79.7% 52.9% 26.7 pp 56.5% 48.7% 7.8 p.p
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I N S T I T U T I O N A L P R E S E N T A T I O N • A solid quarter driven by growth in footfall and sales, which fueled a 12.9% increase in EBITDA and a margin expansion to 82.3%. This commercial momentum was underpinned by the outstanding performance of key assets such as Mallplaza Antofagasta, Mallplaza Vespucio, and Mallplaza Sur. • Regarding operating metrics, the occupancy cost stood at a healthy 9.3%, while occupancy reached 96.3%. • We consolidated a quarter of high operational performance, featuring 17.8% EBITDA growth and an 81.9% margin. This momentum translated into a solid increase in tenant sales, with Mallplaza Trujillo and Mallplaza Comas standing out as key drivers. In terms of revenue, Mallplaza Huancayo delivered an outstanding performance following its transformation process. • We reported strong growth, with revenue increasing by 8.8% and EBITDA rising by 18.4%, achieving a 72.0% margin (up 580 bps). The performance of Mallplaza Buenavista and Mallplaza NQS was the primary driver of the overall results in the country. • Meanwhile, occupancy remained at robust levels, closing the quarter at 97.0%. (1 and 2) Includes information for the third quarter of 2024 for Mallplaza Peru and Open Plaza Peru. (3) Change in 3Q25(1) vs . 3Q24(2). The pro forma operating performance for the third quarter of 2025 (3Q25) is presented, compared to the same period in 2024 for each country. To facilitate understanding of the transaction in Peru, the operating information is presented in pro forma format, which allows the data corresponding to Open Plaza and Mallplaza Peru for 2024 and 2025 to be viewed. 4) For 2024, revenue was considered to be the sum of malls, while for 2025, it is considered to be revenue by country (also standardized for 2024). The GLA corresponding to 3Q24 does not consider 33.33% of Mallplaza Peru. 49 Main Indicators by Country Chile (MMCLP) Peru (MPEN) Colombia (MMCOP) Consolidated Plaza S.A (MMCLP) 4Q25 4Q24 Var. % 4Q25 4Q24(1) Var. % (3) 4Q25 4Q24 Var. % 4Q25 4Q24(2) Var. % Consolidated GLA (sqm ) 1,458,078 1,448,664 0.6% . 617,294 619,716 -0.4% . 277,145 271,987 1.9% . 2,352,518 2,340,368 0.5% Footfall (millions) 58.1 56.2 3.3% 34.5 32.7 5.6% 13.7 13.5 1.8% 106.4 91.7 16.0% Tenants Sales 1,296,855 1,226,801 5.7% 1,651,880 1,469,702 12.4% 754,565 674,500 11.9% 1,959,828 1,683,437 16.4% Var. Same Store Sales 3.1% 8.6% (5.6 p.p.) 13.3% 9.2% 4.1 p.p. 7.1% 4.0% 3.1 p.p. 5.9% 7.9% (2.0 p.p.) Total Revenue by country 122,035 114,363 6.7% 122,819 111,593 10.1% 72,769 66,853 8.8% 173,705 140,529 23.6% Var. Same Store Rent 7.3% 6.1% 1.2 p.p. 6.2% 4.1% 2.2 p.p. 9.3% 24.8% (15.5 p.p.) 7.3% 9.4% (2.1 p.p.) EBITDA 100,484 88,967 12.9% 100,534 85,353 17.8% 52,377 44,228 18.4% 140,998 108,313 30.2% EBITDA Margin 82.3% 77.8% 4.5 p.p. 81.9% 76.5% 5.4 p.p. 72.0% 66.2% 5.8 p.p. 81.2% 77.1% 4.1 p.p. Average monthly sales per sqm (CLP/PEN/COP) 342,966 323,273 6.1% 1,067 930 14.7% 1,065,509 982,504 8.4% 318,618 304,031 4.8% Average monthly revenues per sqm (CLP/PEN/COP) 28,765 26,887 7.0% 71 62 13.7% 91,854 86,856 5.8% 24,687 24,457 0.9% Occupancy Cost (%) 9.3% 9.1% 0.2 p.p. 8.1% 8.3% (0.2 p.p.) 9.7% 9.4% 0.3 p.p. 8.8% 8.9% (0.1 p.p.) Occupancy 96.3% 96.6% (0.3 p.p.) 94.6% 96.9% (2.3 p.p.) 97.0% 96.1% 0.9 p.p. 95.9% 96.6% (0.7 p.p.)
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I N S T I T U T I O N A L P R E S E N T A T I O N Last twelve months To facilitate understanding of the transaction in Peru, operational information is presented on a pro forma basis, allowing t he visualization of data corresponding to both Open Plaza and Mallplaza Peru for 2024 and 2025. Note: In 2024, revenues were reported as the sum of individual malls; in 2025, revenues are reported by country (standardized for 2024 for comparability). (1 and 2) Includes 2025 and 2024 information for Mallplaza Peru and Open Plaza Peru. (3) Variation 2025(1) vs. 2024(2). 4) For 2024, revenue was considered to be the sum of malls, while for 2025, it is considered to be revenue by country (also standardized for 2024). The GLA corresponding to 3Q24 does not consider 33.33% of Mallplaza Peru . 50 Main Indicators by Country LTM 25 LTM 24 Var. % LTM 25 LTM 24(1) Var.% LTM 25 LTM 24 Var. % LTM 25 LTM 24(2) Var. % Consolidated GLA (sqm) 1,458,078 1,448,664 0.6% 617,294 619,716 -0.4% 277,145 271,987 1.9% 2,352,518 2,340,368 0.5% Footfall (millions) 210.2 201.0 4.6% 125.8 120.0 4.8% 49.3 47.9 2.8% 385.3 310.7 24.0% Tenants Sales 4,449,195 4,120,978 8.0% 5,550,437 5,092,602 9.0% 2,316,916 2,011,067 6,621,640 5,387,967 22.9% Var. Same Store Sales 5.6% 5.0% 0.6 p.p. 9.0% 3.2% 5.8 p.p. 8.0% 13.2% (5.2 p.p.) 6.7% 4.5% 2.2 p.p. Total Revenue by country 472,286 430,594 9.7% 445,448 416,968 6.8% 266,191 227,358 17.1% 653,911 494,605 32.2% Var. Same Store Rent 6.7% 5.5% 1.2 p.p. 3.6% 6.1% (2.5 p.p.) 8.5% 13.5% (5.0 p.p.) 6.3% 7.3% (1.0 p.p.) EBITDA 378,920 335,742 12.9% 375,306 328,934 14.1% 200,359 153,454 30.6% 526,228 380,637 38.2% EBITDA Margin 80.2% 78.0% 2.3 p.p. 84.3% 78.9% 5.4 p.p. 75.3% 67.5% 7.8 p.p. 80.5% 77.0% 3.5 p.p. Average monthly sales sqm (CLP/PEN/COP) 291,174 273,861 888 804 10.4% 832,411 794,710 4.7% 267,469 258,166 3.6% Average monthly revenues sqm (CLP/PEN/COP) 27,739 25,678 8.0% 63 59 7.8% 85,290 79,259 7.6% 23,263 23,639 (1.6%) Occupancy Cost (%) 9.7% 9.7% 0.0 p.p. 8.5% 8.8% (0.3 p.p.) 11.0% 10.5% 0.5 p.p. 9.3% 9.7% (0.4 p.p.) Occupancy 96.3% 96.6% (0.3 p.p.) 94.6% 96.9% (2.3 p.p.) 97.0% 96.1% 0.9 p.p. 95.9% 96.6% (0.7 p.p.) d dd Chile (MMCLP) Peru (M Soles) Colombia (MMCOP) Consolidated Plaza S.A (MMCLP) 6.3% 15.2%
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I N S T I T U T I O N A L P R E S E N T A T I O N 51 Main Indicators by Asset 1.Includes the information for the fourth quarter of 2024 (Q4 2024) regarding Mallplaza Peru and Open Plaza Peru. 2.Considers 7 shopping centers (Trujillo, La Marina, Canta Callao, Huánuco, Chiclayo, Pucallpa, and Cajamarca). 3.Considers the accounting effect of the straight-line revenue reclassification carried out in 2024. Excluding this effect, sales per square meter would have grown by 1.3%, and revenue per square meter by 2.3%. Shopping Centers GLA % Own GLA Occupancy 4Q25 4Q24(1) Var (%) 4Q25 4Q24(1) Var (%) Mallplaza Vespucio 100% 97.4% 12.1% 14.1% Mallplaza Oeste 184,220 100% 97.8% 164,339 156,843 4.8% 14,716 13,486 9.1% Mallplaza Trébol 119,298 100% 98.1% 152,572 150,974 1.1% 13,947 13,347 4.5% Mallplaza Norte 135,661 100% 96.1% 107,218 106,871 0.3% 10,796 10,363 4.2% Mallplaza Egaña 94,788 100% 99.2% 98,954 95,782 3.3% 10,116 9,452 7.0% Mallplaza Antofagasta 82,142 100% 96.8% 98,636 86,143 14.5% 7,963 6,939 14.7% Mallplaza Tobalaba 78,989 100% 97.8% 72,809 68,007 7.1% 6,498 6,256 3.9% Mallplaza Sur 77,212 100% 90.8% 67,165 64,651 3.9% 4,982 4,522 10.2% Mallplaza Calama 77,742 100% 98.8% 65,303 62,251 4.9% 4,790 5,396 -11.2% Mallplaza La Serena 64,116 100% 98.8% 65,539 62,090 5.6% 7,161 6,442 11.2% Mallplaza Los Dominicos 95,766 100% 94.9% 45,439 43,455 4.6% 5,318 4,952 7.4% Mallplaza Los Ángeles 38,941 100% 99.3% 38,883 37,014 5.1% 3,632 3,382 7.4% Mallplaza Copiapó 46,191 100% 98.1% 32,694 30,855 6.0% 3,034 2,967 2.3% Mallplaza Arica 35,241 100% 96.7% 26,651 24,801 7.5% 2,473 2,317 6.7% Premium Outlets Biobío 52,857 100% 95.0% 22,239 20,905 6.4% 2,354 2,164 8.8% Mallplaza Alameda3 59,885 100% 78.4% 23,432 22,742 3.0% 1,355 2,549 -46.9% Mallplaza Iquique 26,771 99% 96.0% 25,989 24,789 4.8% 2,327 2,161 7.7% Total CHILE 1,458,078 100% 96.3% 1,296,855 1,226,801 5.7% 119,918 112,879 6.2% Mallplaza Trujillo 81,940 100% 96.8% 389,303 305,651 27.4% 27,116 22,563 20.2% Mallplaza Comas 80,868 100% 92.8% 183,639 154,131 19.1% 15,836 14,972 5.8% Mallplaza Piura 42,002 100% 95.6% 145,151 135,395 7.2% 10,123 10,230 -1.0% Mallplaza Angamos 55,631 100% 97.4% 139,153 142,441 -2.3% 13,857 12,698 9.1% Mallplaza Arequipa 42,578 100% 95.9% 139,870 129,700 7.8% 10,595 10,235 3.5% Mallplaza Bellavista 91,170 100% 84.4% 113,579 101,247 12.2% 13,598 12,194 11.5% Mallplaza Atocongo 37,312 100% 95.7% 101,509 97,349 4.3% 5,127 5,776 -11.2% Mallplaza Huancayo 42,756 100% 96.9% 79,286 73,082 8.5% 6,814 5,972 14.1% Power Centers2 143,037 100% 98.2% 360,390 330,706 9.0% 18,654 18,925 -1.4% Total PERÚ 617,294 100% 94.6% 1,651,880 1,469,702 12.4% 121,721 113,566 7.2% Mallplaza NQS 83,947 100% 96.9% 191,980 171,810 11.7% 21,700 19,669 10.3% Mallplaza Buenavista 57,631 65% 98.4% 212,676 193,486 9.9% 15,775 14,361 9.8% Mallplaza Cali 68,340 100% 97.2% 134,556 116,457 15.5% 13,026 12,576 3.6% Mallplaza Cartagena 27,711 100% 93.4% 111,078 103,444 7.4% 10,877 10,617 2.4% Mallplaza Manizales 39,517 80% 97.2% 104,274 89,304 16.8% 10,607 9,514 11.5% Total COLOMBIA 277,145 90% 97.0% 754,565 674,500 11.9% 71,985 66,738 7.9% Sales (MMCLP/MPEN/MMCOP) Revenue (MMCLP/MPEN/MMCOP) 188,259 188,994 168,628 18,459 16,183
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I N S T I T U T I O N A L P R E S E N T A T I O N 52 Quarterly Indicators by Asset 1.Includes the information corresponding to the fourth quarter of 2024 for Mallplaza Peru and Open Plaza Peru. 2.Considers 7 shopping centers (Trujillo, La Marina, Canta Callao, Huánuco, Chiclayo, Pucallpa, and Cajamarca). 3.Considers the accounting effect of the straight-line revenue reclassification carried out in 2025. Excluding this effect, revenue grew by 4.2%. Shopping Centers 4Q25 4Q24(1) Var (%) 4Q25 4Q24(1) Var (%) 3.7% 8.2% Mallplaza Oeste 411,603 372,907 10.4% 27,170 24,226 12.2% Mallplaza Trébol 395,176 388,386 1.7% 34,504 32,790 5.2% Mallplaza Norte 331,837 306,095 8.4% 26,730 24,142 10.7% Mallplaza Egaña 397,754 384,007 3.6% 36,652 33,918 8.1% Mallplaza Antofagasta 443,060 407,769 8.7% 34,764 31,170 11.5% Mallplaza Tobalaba 323,901 312,144 3.8% 27,982 27,323 2.4% Mallplaza Sur 312,750 288,010 8.6% 21,877 19,148 14.3% Mallplaza Calama 306,165 292,045 4.8% 21,159 23,930 -11.6% Mallplaza La Serena 410,678 391,027 5.0% 37,964 34,314 10.6% Mallplaza Los Dominicos 186,808 174,480 7.1% 19,761 18,777 5.2% Mallplaza Los Ángeles 370,929 354,573 4.6% 31,796 29,721 7.0% Mallplaza Copiapó 242,588 236,031 2.8% 21,684 21,655 0.1% Mallplaza Arica 269,400 242,278 11.2% 23,924 22,029 8.6% Premium Outlets Biobío 170,968 164,465 4.0% 17,212 16,239 6.0% Mallplaza Alameda3 187,464 185,062 1.3% 9,961 19,094 -47.8% Mallplaza Iquique 392,684 328,266 19.6% 33,215 27,395 21.2% Total CHILE 342,966 323,273 6.1% 28,266 26,538 6.5% Mallplaza Trujillo 1,842 1,394 32.1% 114 90 26.7% Mallplaza Comas 936 776 20.6% 71 67 7.0% Mallplaza Piura 1,261 1,172 7.5% 83 82 1.2% Mallplaza Angamos 1,119 1,138 -1.6% 86 81 5.9% Mallplaza Arequipa 1,271 1,169 8.7% 89 84 6.9% Mallplaza Bellavista 651 557 16.8% 60 50 20.1% Mallplaza Atocongo 1,093 920 18.8% 52 50 2.1% Mallplaza Huancayo 682 617 10.5% 55 48 15.4% Power Centers2 884 817 8.2% 44 44 -0.1% Total PERÚ 1,067 930 14.7% 70 63 10.7% Mallplaza NQS 944,421 889,899 6.1% 92,037 87,037 5.7% Mallplaza Buenavista 1,419,043 1,272,788 11.5% 94,870 85,181 11.4% Mallplaza Cali 733,470 674,604 8.7% 65,797 68,627 -4.1% Mallplaza Cartagena 1,670,053 1,570,827 6.3% 141,798 136,473 3.9% Mallplaza Manizales 992,530 867,497 14.4% 91,842 83,407 10.1% Total COLOMBIA 1,065,509 982,504 8.4% 90,864 86,706 4.8% Average monthly sales per sqm (CLP/PEN/COP) Average monthly revenues per sqm (CLP/PEN/COP) Mallplaza Vespucio 388,881 375,175 33,976 31,396
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I N S T I T U T I O N A L P R E S E N T A T I O N Main Indicators by Asset Shopping Centers LTM 4Q25 LTM 4Q24(1) Var (%) LTM 4Q25 LTM 4Q24(1) Var (%) LTM 4Q25 LTM 4Q24(1) Var (%) LTM 4Q25 LTM 4Q24(1) Var (%) Mallplaza Vespucio 654,663 566,186 15.6% 72,766 61,823 17.7% 339,432 321,063 5.7% 33,782 30,866 9.4% Mallplaza Oeste 549,303 522,487 5.1% 54,558 50,831 7.3% 331,476 310,012 6.9% 24,752 23,003 7.6% Mallplaza Trébol 528,336 505,682 4.5% 53,088 48,630 9.2% 339,259 327,677 3.5% 32,753 30,256 8.3% Mallplaza Norte 378,402 362,596 4.4% 41,960 40,019 4.9% 282,549 259,207 9.0% 25,480 23,470 8.6% Mallplaza Egaña 341,604 321,934 6.1% 37,909 34,227 10.8% 342,804 327,614 4.6% 34,085 31,113 9.6% Mallplaza Antofagasta 318,165 287,613 10.6% 28,353 25,978 9.1% 359,685 327,616 9.8% 31,134 28,585 8.9% Mallplaza Tobalaba 253,999 239,180 6.2% 25,759 24,180 6.5% 282,815 280,957 0.7% 27,750 27,232 1.9% Mallplaza Sur 243,321 232,299 4.7% 19,228 16,356 17.6% 276,976 264,747 4.6% 20,997 17,919 17.2% Mallplaza Calama 220,973 202,808 9.0% 18,632 18,293 1.9% 258,809 239,502 8.1% 20,603 20,377 1.1% Mallplaza La Serena 233,275 200,595 16.3% 27,528 24,532 12.2% 365,269 317,570 15.0% 36,457 32,782 11.2% Mallplaza Los Dominicos 153,004 147,258 3.9% 20,738 19,597 5.8% 152,538 148,334 2.8% 19,355 18,768 3.1% Mallplaza Los Ángeles 132,369 124,525 6.3% 14,048 12,747 10.2% 316,383 298,771 5.9% 30,755 28,046 9.7% Mallplaza Copiapó 104,403 94,582 10.4% 11,658 10,924 6.7% 195,834 182,510 7.3% 20,974 20,145 4.1% Mallplaza Arica 89,103 82,162 8.4% 9,367 8,605 8.8% 224,403 203,073 10.5% 22,644 20,682 9.5% Premium Outlets Biobío 81,950 79,179 3.5% 9,131 8,294 10.1% 159,575 157,390 1.4% 16,897 15,852 6.6% Mallplaza Alameda3 81,427 76,159 6.9% 9,998 9,578 4.4% 161,084 164,501 -2.1% 18,411 18,941 -2.8% Mallplaza Iquique 84,899 75,731 12.1% 8,855 7,743 14.4% 306,475 260,633 17.6% 30,205 25,599 18.0% Total CHILE 4,449,195 4,120,978 8.0% 463,574 422,356 9.8% 291,174 273,861 6.3% 27,227 25,187 8.1% Mallplaza Trujillo 1,293,085 1,062,010 21.8% 97,607 85,619 14.0% 1,531 1,224 25.1% 101 86 17.2% Mallplaza Comas 593,661 521,016 13.9% 58,848 56,675 3.8% 755 664 13.6% 66 65 1.2% Mallplaza Piura 479,983 457,529 4.9% 35,096 35,304 -0.6% 1,026 995 3.2% 71 71 -0.2% Mallplaza Angamos 487,232 487,269 0.0% 47,817 44,977 6.3% 974 977 -0.2% 75 71 5.8% Mallplaza Arequipa 468,008 446,014 4.9% 38,286 36,740 4.2% 1,068 1,014 5.3% 79 76 3.7% Mallplaza Bellavista 365,455 355,282 2.9% 49,429 47,803 3.4% 520 494 5.2% 52 49 6.0% Mallplaza Atocongo 353,232 334,514 5.6% 20,068 20,576 -2.5% 854 793 7.7% 45 45 0.8% Mallplaza Huancayo 275,116 253,582 8.5% 24,627 22,962 7.2% 583 507 15.0% 50 46 8.0% Power Centers2 1,234,665 1,175,387 5.0% 69,428 68,151 1.9% 760 716 6.1% 41 40 3.0% Total PERÚ 5,550,437 5,092,602 9.0% 441,207 418,808 5.3% 888 804 10.4% 62 59 6.3% Mallplaza NQS 627,588 554,688 13.1% 78,910 68,508 15.2% 794,540 768,657 3.4% 86,102 79,620 8.1% Mallplaza Buenavista 648,061 588,601 10.1% 56,697 50,475 12.3% 1,072,915 974,711 10.1% 84,678 75,009 12.9% Mallplaza Cali 416,642 315,174 32.2% 51,707 37,430 38.1% 586,555 593,565 -1.2% 67,313 66,282 1.6% Mallplaza Cartagena 338,062 300,552 12.5% 39,314 37,266 5.5% 1,278,979 1,140,875 12.1% 127,741 119,020 7.3% Mallplaza Manizales 286,563 252,052 13.7% 36,486 33,112 10.2% 690,777 613,807 12.5% 79,477 72,398 9.8% Total COLOMBIA 2,316,916 2,011,067 15.2% 263,113 226,792 16.0% 832,411 794,710 4.7% 84,304 79,062 6.6% Sales (MMCLP/MPEN/MMCOP) Revenue (MMCLP/MPEN/MMCOP) Sales per sqm (CLP/PEN/COP) Revenue per sqm (CLP/PEN/COP) 1.Includes the information for the fourth quarter of 2024 (Q4 2024) regarding Mallplaza Perú and Open Plaza Perú. 2.Considers 7 shopping centers (Trujillo, La Marina, Canta Callao, Huánuco, Chiclayo, Pucallpa, and Cajamarca). 3. Annual revenue growth would have been 18.0% when excluding the 2024 accounting reclassification of straight-line revenue. 53
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Recuerda etiquetar tus correos para proteger nuestra información. tanto para correos como archivos de office. Las etiquetas d e información son Publica, Interna, Confidencial y Altamente Confidencial. The information contained in this document is not disclosed in order to comply with any information disclosure obligation that applies to Plaza S.A. or any of its subsidiaries to comply with the law or any other binding regulation. Therefore, by making this disclosure Plaza S.A. is under no obligation to update the information contained in it, nor to repeat such information disclosure in the future. The information contained in this document is correct on the date it was issued. It is your responsibility to: (i) check whether this document contains the most recent information disclosure by Plaza S.A. regarding the issues reported here; and (ii) be aware that from the date this document was issued, changes may have taken place in the economic conditions or market conditions that affect Plaza S.A., or its subsidiaries, and its business performance. The information contained in this document and the manner in which it is presented, taken by itself or together with other information formally disclosed by Plaza S.A., describes its past and present business performance. However, it does not constitute a basis for assuming that such performance can be maintained in the future. It could improve or worsen. Any performance projections are subject to risks and uncertainties that could result in substantial deviations from expectations. Moreover, many of these risks and uncertainties are outside the control of Plaza S.A. and its subsidiaries, such as changes in consumer habits; development of new technologies relevant to the business and inaccessible by Plaza S.A. and its subsidiaries; fluctuations in the cost of consumables; new regulations or amendments to current regulations; decisions by regulatory authorities; competitor behavior; political changes that affect market conditions; interest rates; exchange rates; natural disasters; and climatic conditions. The aforementioned list is not exhaustive, but merely exemplary. This document is not a transaction request regarding securities issued by Plaza S.A. or any of its subsidiaries. Our sole purpose has been to truthfully and promptly inform you, according to our understanding of best practice and market standards, and compliments our information disclosures required by the law. Disclaimer 54
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INSTITUTIONAL PRESENTATION Fourth Quarter 2025 55 Mallplaza Oeste