Earnings release
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3Q 2025 Earnings Report
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PARQUE ARAUCO EARNINGS REPORT 23Q25 Conference Call Date: October 24, 2025 Time: 9:30 a.m. EST / 10:30 a.m. Chile Link: https://mm.closir.com/slides? id=850796 Participate by calling: USA +1 718 866 4614 Mexico +52 55 1168 9973 Chile +56228401484 Brazil +556120171549 UK +44 203 984 9844 PIN: 850796 Contact Lauren Brown (Head of Investor Relations) Matias Silva (Director of Corporate Finance) Francisco Moyano (CFO) Tel: (+56 2) 2299 0608 Email: ir@parauco.com Parque Arauco Kennedy east building
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PARQUE ARAUCO EARNINGS REPORT 33Q25 • This document has been prepared by Parque Arauco for the purpose of providing general information about the company. The Company assumes no responsibility for, or makes any representation or warranty, express or implied, with respect to the accuracy, adequacy or completeness of the information contained herein. The Company expressly disclaims any liability based on such information, errors therein or omissions therefrom. • This presentation includes certain statements, estimates and forecasts provided by the Company with respect to its anticipated future performance and involves significant elements or subjective judgment and analysis that may or may not prove to be accurate or correct. There can be no assurance that these statements, estimates and forecasts will be attained and actual outcomes and results may differ materially from what is estimated or forecast herein. • The information contained herein has been prepared to assist interested parties in making their own evaluation of the company and does not purport to be all -inclusive or to contain all the information that a potential counterparty may desire. In all cases, interested parties should conduct their own independent investigation and analysis of the Company. Interested parties can only rely on the result of their own investigation and the representations and warranties. Disclaimer Parque La Colina
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PARQUE ARAUCO EARNINGS REPORT 43Q25 Solid quarterly growth drives EBITDA up 26.1% and equity holders profit up 28.2% This quarter's performance continues the positive trend for the year, reflecting significant increases in all our main metrics of results. At the operating level, revenues grew by 24.9% and EBITDA by 26.1%. These solid results are mainly due to two factors: the strong performance of most of our assets, and the recent incorporation of new assets. EBITDA growth, measured in Ch$, was significant across all markets: Chile achieved a 28.2% increase, Peru saw a 32.4% rise, and Colombia expanded by 113.9%. This performance was primarily attributable to corresponding increases in revenue, also in Ch$, with Chile up 27.3%, Peru up 28.0%, and Colombia up 15.2%. Solid operating performance drove substantial FFO growth of 14.8%, based on the increase in EBITDA, which was partially offset by higher net financial expenses from financial income and taxes. It should be noted that Adjusted FFO showed an even greater increase of 31.0%, thanks to a sharp reduction in loss for indexed assets and liabilities. Finally, the combination of higher EBITDA and improved non-operating results led to significant growth of 28.2% in profit attributable to controlling interests during the third quarter. Executive Summary First quarter of Minka shopping center Parque Arauco's acquisition of the Minka shopping center was finalized on July 2, 2025, for an asset value of PEN 381 million (approximately USD 108 million). This purchase consolidates Parque Arauco's operations in Peru, making Minka the company's twenty-second asset and the second most important in terms of GLA in the country. Minka adds 53,500 sqm of commercial space (46,000 sqm of retail and 7,500 sqm of traditional market) to the portfolio. The asset is located in Callao, Lima, near the entrance to the new airport and with access to key roads. It has more than 540 stores, an occupancy rate of 97%, and attracts more than 18 million visitors per year. Its offering includes anchors such as Metro, Vega, Mayorsa, Cinerama cinema, SmartFit, and outlet stores (H&M, Skechers, Puma, Nike, Adidas, Prüne). This acquisition, added to that of Parque Arauco Kennedy East (formerly Open Plaza Kennedy) in April 2025 and following the opening of Parque La Molina in December 2024, marks a record year for the company in terms of acquisitions. This is a milestone for Parque Arauco, not only because of the size of these acquisitions, but also because they are the result of intense and systematic work to seek out opportunities that add value for shareholders, which is characteristic of our growth strategy. First green bond issued in South America in our sector In September 2025, Parque Arauco successfully issued the first green bond in South America's retail real estate sector. This placement, made in the Peruvian market under Parque Arauco's Sustainable Financing Framework, raised USD 70 million, including USD 42 million designated as green bonds. Demand was 2.2 times the amount offered, and the funds will mainly finance Parque La Molina in Lima, which is LEED Gold certified. Parque Arauco completes organizational restructuring process Through this restructuring, a new operating model is being implemented that centralizes support functions in the corporate division, grants greater autonomy to the divisions in business functions in Chile, Peru, and Colombia, and strengthens the Technology and Digital Transformation management team. We received several awards for our excellence, innovation, sustainability strategy, corporate governance, and investor relations program During the quarter, we were recognized by various institutions, including the Latin American Chamber of the Shopping Center Industry and the Global Compact Network Colombia. In addition, we obtained an A rating from GRESB and were awarded by Extel | Institutional Investor in the categories of Best CEO, Best CFO, and Best Investor Relations. Highlights of Our Operations Highlights of Our Growth Pillar Other Notable Highlights Occupancy 3Q25 Tenant Sales 3Q25 Revenues 3Q25 EBITDA 3Q25 FFO 3Q25 95.6% Ch$ 863,470 M Ch$ 95,199 M Ch$ 68,948 M Ch$ 51,400 M 96.4% vs.3Q24 +20.2% vs. 3Q24 +24.9% vs. 3Q24 +26.1% vs. 3Q24 +14.8% vs. 3Q24
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PARQUE ARAUCO EARNINGS REPORT 53Q25 2,959,477 3,402,736 LTM 3Q24 LTM 3Q25 Financial and Operational Analysis | Tenant Sales Occupancy Cost (%) Tenant Sales1 (MCh$) Same area sales2 (% Change in the quarter) (Amounts in M Ch$) Sales 3Q25 Sales LTM 3Q25 446,105 1,805,048 +19.7 YoY +16.1 YoY 272,775 999,588 +21.7 YoY +14.8 YoY 144,590 598,100 +19.2 YoY +12.1 YoY • Tenant sales increased by 20.2% on a consolidated basis, mainly due to the high quality of our asset base, particularly the portfolios in Chile and Colombia. We observed growth above inflation in the countries where we operate and a positive effect from the acquisition of Parque Arauco Kennedy East in Chile (Q2 2025) and, more recently, Minka in Peru (Q3 2025). In addition to this, during the quarter, there was a positive effect from currency conversion to Ch$. • Tenant sales in Chile showed positive growth of 19.7% compared to the third quarter of 2024, with the main growth concentrated in Parque Arauco Kennedy, Outlets, and Arauco Quilicura. The increased flow of tourists continues to be a factor in sales at the main assets, although the dynamism of local shopping remains a determining factor. In turn, the opening of new spaces and changes in the commercial mix have had a positive effect. • Tenant sales in Peru grew by 11.1% in local currency compared to the same quarter of the previous year. This result is mainly explained by the addition of new shopping centers into the portfolio, Parque La Molina and Minka shopping center. Minka, in particular, showed robust performance in its first quarter within the company. In contrast, some assets show negative variations in sales compared to 3Q24, including MegaPlaza Independencia and MegaPlaza Ica, which are undergoing renovation projects, Larcomar, which is recovering after its closure in June, and Arauco Outlet Faucett, which has seen a significant drop in visitors. • Tenant sales in Colombia increased by 13.0% in local currency compared to Q3 2024. Titán Plaza and Parque Alegra stand out with growth of over 20%, while the other assets in the portfolio show growth significantly above inflation. This performance reflects a sustained recovery in consumption, coupled with the addition of new tenants, which has strengthened the commercial mix in these assets. • Occupancy Cost reached 10.5% on a consolidated level, (0.10) pp lower than in the same period last year. +20.2% +15.0% Chile Peru Colombia Chile Peru Colombia 11.7% 11.5% 8.0% 8.2% 12.1% 9.5% 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 1. In M Ch$ using the accounting average exchange rates for each month within the stated period 2. Same Area Sales calculated in local currency (CLP, PEN, COP) 8.1% 7.8% 10.4% (4.9)% (1.5)% 11.0% 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 718,074 863,470 3Q24 3Q25
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PARQUE ARAUCO EARNINGS REPORT 63Q25 88% 5%7% 89% 11% Financial and Operational Analysis | Revenues • Revenues increased 24.9% on a consolidated basis, driven largely by the incorporation of Parque Arauco East, Minka, and Parque La Molina. Excluding these assets, revenue grew by 13.7%, reflecting effective commercial management, including renewals and new contracts, as well as active management of non-rental revenue. • Revenues in Chile showed positive growth of 27.3% compared to the third quarter of 2024. A significant part of this growth is explained by the incorporation of Parque Arauco Kennedy East. Excluding this effect, revenues from existing assets grew by 16.8% compared to Q3 2024, which is largely explained by the increase in sales of our commercial partners, as well as an increase in non-rental revenue generation, such as parking and energy. Noteworthy increases in revenues are seen in the assets of Arauco El Bosque (+61.8%), Outlets (+22.5%) and Parque Arauco Kennedy West (+19.4%). • Revenues in Peru grew 16.7% in local currency compared to the same quarter last year, driven by the incorporation of Minka and Parque La Molina. Excluding these assets, revenues decreased by (4,1)% compared to 3Q24. This reduction is mainly explained by MegaPlaza Independencia, which underwent a conversion process, whose revenues decreased (8.4)%. In addition, Larcomar, following its closure in June, did not charge for parking during July, which resulted in a slight decrease. At the same time, Outlet Arauco Faucett saw a drop in visitors following the opening of the new airport in Lima. • Revenues in Colombia increased by 9.1% in local currency compared to Q3 2024. It is important to note that the entire portfolio grew above inflation. In particular, some assets stood out with double-digit growth in the quarter, including Parque Alegra (16.8%), Outlet Sopó (13.1%), and Titán Plaza (10.8%). • Occupancy for 3Q25 closed at 95.6%, decreasing slightly by (0.8)% compared to the same period last year, partially explained by the maturation stage of the new Multifamily Calle 72. Revenues1 (MCh$) Occupancy (%) Same area rent2 (% change in the quarter) Revenue Breakdown (%) (Amounts in M Ch$) Revenue 3Q25 Revenue LTM 3Q25 52,538 197,587 +27.3 YoY +20.2 YoY 23,674 87,238 +28.0 YoY +19.9 YoY 18,987 73,279 +15.2 YoY +6.2 YoY Chile Peru Colombia Rent Parking Other Income 1. En MMCh$ utilizando los tipos de cambio promedio contable de cada mes comprendido dentro del período enunciado 2. Same area rent en términos nominales, calculados en moneda local (CLP, PEN, COP) 306,217 358,104 LTM 3Q24 LTM 3Q25 +24.9% +16.9% 76,239 95,199 3Q24 3Q25 96.6% 96.3% 97.4% 96.8% 94.7% 91.6% 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 3Q25 Variable Fixed 9.5% 12.0% 13.7% (6.0)% 5.6% 9.4% 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 Chile Peru Colombia
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PARQUE ARAUCO EARNINGS REPORT 73Q25 Example Total Return Performance 5.6% 8.4% 10.8% 13.7% 3.3% 5.8% 8.3% Financial and Operational Analysis | Leasing Activity During the period, we negotiated 8.3% of our GLA, down from 10.8% in the same quarter of the previous year. Total Leasing Activity GLA with contract management (sqm) Contract Expiration Term According to GLA The average maturity of our contracts is mainly concentrated in the segment greater than 5- years, due to the long duration of anchor store contracts. 68 new contracts in 3Q25 53 stores 32 stores 17 stores 7,162 sqm 3,973 sqm 3,607 sqm 1.2% of country GLA 0.9% of country GLA 1.4% of country GLA % GLA Negotiated Accum 24 % GLA Negotiated Accum 25 Sqm Renegotiated 2024 Sqm Renegotiated 2025 65,734 98,747 127,824 164,788 39,519 74,306 111,093 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 27.4% 8.1% 7.6% 7.4% 49.5% <2 years 2 to 3 years 3 to 4 years 4 to 5 years >5 years
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PARQUE ARAUCO EARNINGS REPORT 83Q25 Financial and Operational Analysis | EBITDA • EBITDA showed significant growth of 26.1%2 in line with the solid operating performance of our shopping centers, including the addition of new assets, excellent performance of assets in Chile and Colombia, and margin expansion. This was partially offset by the productivity of the portfolio in Peru, excluding new additions. Although Peru's NOI grew 19.6%, above its 17.7% growth in GLA, it was affected by reconversions, specific situations, and lower energy revenues during the quarter due to energy efficiency initiatives that resulted in lower energy consumption. In terms of efficiency, the Adjusted EBITDA margin for this quarter reached 76.1%, representing an increase of 130 basis points compared to 3Q24. • Increase in Cost of Sales by 32.2% mainly explained by the incorporation of new assets. The same base is growing in line with inflation, despite increases in property taxes that have occurred mainly in Chile during the period. • SG&A expenses decreased by (7.8)%, mainly explained by lower advertising and marketing expenses, as well as lower IT expenses. • Higher Estimated loss from impairments of accounts receivable under IFRS 9 for Ch$ 176 Million corresponding to the effect of bad debt provisions. The expense was higher than in 3Q24, with no significant changes in management strategy or overall portfolio quality. EBITDA (M Ch$) 3Q25 3Q24 Chg(%) LTM 3Q25 LTM 3Q24 Chg(%) Revenues 95,199 76,239 24.9% 358,104 306,217 16.9% Cost of sales (19,787) (14,967) 32.2% (70,730) (60,044) 17.8% Administrative expenses (6,776) (7,346) (7.8)% (29,777) (30,422) (2.1)% Estimated income (loss) due to impairments of accounts receivable in accordance with IFRS 9 (850) (675) 26.1% (2,553) (4,499) (43.2)% Amortization and depreciation 1,162 1,407 (17.4)% 5,126 6,578 (22.1)% EBITDA 68,948 54,659 26.1% 260,170 217,831 19.4% EBITDA margin 72.4% 71.7% 73 72.7% 71.1% 152 Adjusted EBITDA margin1 76.1% 74.8% 130 76.1% 73.7% 240 EBITDA1 (M Ch$) EBITDA by country (%) Amounts in M Ch$ EBITDA 3Q25 EBITDA LTM 3Q25 36,290 136,492 +28.2 YoY +22.9 YoY 18,945 69,468 +32.4 YoY +24.2 YoY 13,713 54,211 +13.9 YoY +6.5 YoY Chile Peru Colombia 1. Definition of indicator can be found in the glossary of this document 2. In MCh$ using the average accounting exchange rates for each month included in the period stated 217,831 260,170 LTM 3Q24 LTM 3Q25 +26.1% +19.4% 54,659 68,948 3Q24 3Q25 52.6% 27.5% 19.9% 51.8% 26.2% 22.0% 3Q25 3Q24
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PARQUE ARAUCO EARNINGS REPORT 93Q25 • Decline in financial income: This is mainly explained by lower cash availability, as a result of the use of said liquidity for the acquisition of Parque Arauco East and Minka. • Increase in financial costs: The increase in financial costs is in line with the company's higher debt, which has been incurred to finance real estate development projects and M&A activities. It should be noted that financial costs are growing at a lower rate than debt, due to efforts to refinance obligations on better terms. • Lower expenses for indexed assets and liabilities: Despite the higher stock of adjustable debt, the UF variation in 3Q25 is 35% lower than in 3Q24. • Taxes: Taxes increased in line with higher pre-tax income generated during the period. This result is mainly attributable to the company's EBITDA growth. It should be noted that, due to the existence of expenses that will reduce the future tax base, part of the tax advantage is reflected in deferred tax, and not entirely in current tax. Financial and Operational Analysis | Non - Operational Results Consolidated Results (M Ch$) 3Q25 3Q24 Chg(%) LTM 3Q25 LTM 3Q24 Chg(%) EBITDA 68,948 54,659 26.1 % 260,170 217,831 19.4 % Depreciation and amortization (1,162) (1,407) (17.4) % (5,126) (6,578) (22.1) % Other gains, by function 290 1,207 (76.0) % 60,603 56,029 8.2 % Other losses, by function (2,261) (1,213) 86.5 % (12,159) (13,151) (7.5) % Operational results 65,814 53,246 23.6 % 303,489 254,130 19.4 % Financial income 3,343 6,863 (51.3) % 23,029 30,681 (24.9) % Financial expenses (17,481) (16,270) 7.4 % (63,855) (68,018) (6.1) % Income (loss) from affiliates 3,323 3,223 3.1 % 22,578 19,865 13.7 % Foreign exchange differences 57 (150) N/A (37) (322) (88.5) % Income (loss) for indexed assets and liab. (7,761) (10,597) (26.8) % (49,247) (47,162) 4.4 % Profit before income tax 47,296 36,314 30.2 % 235,958 189,174 24.7 % Current taxes (8,131) (5,482) 48.3 % (36,459) (24,411) 49.4 % Deferred taxes (3,544) (2,894) 22.5 % (31,215) (25,780) 21.1 % Net profit (loss) 35,621 27,938 27.5 % 168,284 138,984 21.1 % Net profit (loss) attributable to: Equity holders of the company 26,641 20,773 28.2 % 134,203 114,823 16.9 % Non-controlling interests 8,980 7,165 25.3 % 34,082 24,160 41.1 % Parque Arauco Kennedy
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PARQUE ARAUCO EARNINGS REPORT 103Q25 Financial and Operational Analysis | Equity Method Investment The account "Income (loss) from affiliates" mainly reflects the evolution of our investment in the company Inmobiliaria Mall Viña del Mar S.A. ("Grupo Marina") in Chile, together with the investment in Desarrollos Panamericana S.A.C. in Peru and in the business center located in our Titán Plaza asset in Colombia. In accordance with International Financial Reporting Standard No. 11 (IFRS 11) and International Accounting Standard No. 28 (IAS 28), the investment in Inmobiliaria Mall Viña del Mar S.A., Desarrollos Panamericana S.A.C. and Centro Empresarial Titán Plaza is not consolidated in the financial statements of Parque Arauco S.A. They are accounted for using the equity method and presented in the income statement of Parque Arauco S.A. under “Income (loss) from affiliates” and in the balance sheet under “Investments in affiliates”. Inmobiliaria Viña del Mar S.A. is controlled in equal parts by Parque Arauco S.A. and Ripley Corp S.A. The company owns 100% of the Mall Marina (90,000 sqm of GLA), Boulevard Marina (11,000 sqm of GLA), Mall Curicó (52,000 sqm of GLA) and Mall del Centro Concepción (37,000 sqm of GLA) shopping centers. During the period, this company accounts for a large part of the 3.1% increase in our "Participation in related companies" line, explained by stable operating performance and normalization of its debt levels. Further information can be found on the company's website at www.grupomarina.cl. Desarrollos Panamericana S.A.C. is controlled in equal parts by Parque Arauco S.A. and Grupo Wiese and owns several undeveloped plots of land in Peru. In 4Q23, we added a non-controlling interest (28%) in Fideicomiso Centro Empresarial Titán. This trust owns 14,500 sqm of AA-class office space located next to the Titán Plaza Shopping Center. Income (loss) from affiliates (M Ch$) 3Q25 3Q24 Chg(%) LTM 3Q25 LTM 3Q24 Chg(%) Inm. Mall Viña del Mar S.A. 3,205 3,119 2.8 % 23,421 19,579 19.6 % Desarrollos Panamericana S.A.C. (58) (59) (1.8) % (1,779) (370) 381.4 % Centro Empresarial Titán Plaza 176 162 8.4 % 936 655 8.4 % Total 3,323 3,223 3.1 % 22,578 19,865 13.7 % Inm. Mall Viña del Mar (M Ch$) 3Q25 3Q24 Chg(%) LTM 3Q25 LTM 3Q24 Chg(%) Proportional revenue1 8,317 8,030 3.6 % 35,198 32,558 8.1 % Proportional EBITDA 7,332 7,143 2.6 % 32,376 28,933 11.9 % Proportional profit 3,205 3,119 2.8 % 23,421 19,579 19.6 % Proportional Net Financial Debt2 142,250 141,813 0.3 % 142,250 141,813 0.3 % 1. Reclassified in 2023 to standardize the presentation of costs related to the consumption of utilities. 2. As of the end of 2Q24 the debt considered as invested in a term deposit as collateral is included under the line item "Other Current Financial Assets" on Grupo Marina’s balance sheet. To date,, said debt and pledged time deposit have already been extinguished. Mall Marina Arauco
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PARQUE ARAUCO EARNINGS REPORT 113Q25 17.5x 18.7x 20.9x 19.2x 17.1x 12.3x 30.0x 7.4x 8.8x 9.5x 11.4x 3Q15 3Q16 3Q17 3Q18 3Q19 3Q20 3Q21 3Q22 3Q23 3Q24 3Q25 FFO increased by 14.8% during the quarter: Our FFO for 3Q25 reached Ch$ 51,400 million. This growth is mainly supported by solid operational performance, complemented by the incorporation of new assets into the company, notably Minka in 3Q25, Parque Arauco Kennedy East in 2Q25, and Parque La Molina in 4Q24. However, the result was partially offset by a 50.3% increase in net financial expenses. This effect is a combination of a 7.4% increase in financial costs and a (51.3)% decrease in financial income. The main factor behind this increase is the higher financial debt and cash expenditure incurred following the acquisitions of the East building in Parque Arauco Kennedy and Minka. The improvement in operating income had a direct impact on the company's taxes. There was a 48.3% increase in current tax expense compared to the same quarter of the previous year. It should be noted that, due to the existence of expenses that will reduce the future tax base, part of the tax advantage is reflected in deferred tax, and not completely in current tax. FFO from related companies showed a reduction of (5.6)%, in line with Grupo Marina's operating performance for the period. Adjusted FFO shows a positive variation of 31.0% when incorporating the result from Unidades de Reajuste (UF-indexed adjustments), due to the lower variation in the UF during the period by (26.8%) Financial and Operational Analysis | Funds from Operations FFO (M Ch$) 3Q25 3Q24 Chg(%) LTM 3Q25 LTM 3Q24 Chg(%) EBITDA 68,948 54,659 26.1 % 260,170 217,831 19.4 % Financial income 3,343 6,863 (51.3) % 23,029 30,681 (24.9) % Financial expenses (17,481) (16,270) 7.4 % (63,855) (68,018) (6.1) % Current taxes (8,131) (5,482) 48.3 % (36,459) (24,411) 49.4 % Associates accounted FFO 4,721 5,001 (5.6) % 21,236 19,608 8.3 % FFO 51,400 44,770 14.8 % 204,122 175,692 16.2 % Attritutable to: FFO minority interests 9,904 8,031 23.3 % 39,285 30,298 29.7 % FFO equity holders of the company 41,496 36,739 12.9 % 164,837 145,394 13.4 % Income (loss) for indexed assets and liab. (7,761) (10,597) (26.8) % (49,247) (47,162) 4.4 % Income (loss) for indexed assets and liab. - associates (871) (1,527) (43.0) % (6,532) (6,523) 0.1 % Adjusted FFO 42,768 32,646 31.0 % 148,343 122,006 21.6 % Attritutable to: Adjusted FFO minority interests 9,011 7,014 28.5 % 32,864 26,112 25.9 % Adjusted FFO equity holders of the company 33,758 25,632 31.7 % 115,479 95,894 20.4 % FFO evolution (Ch$ billion) Evolution P/FFO ratio (times) 18 19 22 25 28 -5 26 39 37 45 51 3Q15 3Q16 3Q17 3Q18 3Q19 3Q20 3Q21 3Q22 3Q23 3Q24 3Q25 62,7x 1. P/FFO calculated using the FFO of the last twelve months and the share price at the close of each of the periods
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PARQUE ARAUCO EARNINGS REPORT 123Q25 Financial and Operational Analysis | Summarized Cash Flow Main cash flow movements of the quarter • From operations: This item increased compared to the same period last year, mainly due to improved performance of the existing portfolio and the incorporation of new assets into the company's operations, such as Parque Arauco Kennedy East and Minka. • From investment: The increase compared to the comparable period is mainly due to the acquisition of Minka. • From Financing: The decrease compared to 3Q24 is the result of the maturity of liabilities. It should be noted that the bond issue in Peru was used entirely to refinance bank liabilities. Summarized Cash Flow (M Ch$) 3Q25 3Q24 Chg(%) LTM 3Q25 LTM 3Q24 Chg(%) From operating activities 69,489 56,451 23.1 % 251,715 222,637 13.1 % From investment activities (98,552) (10,704) 820.7 % (495,770) (132,814) 273.3 % From financing activities (47,913) (79,043) (39.4) % (18,698) (72,878) (74.3) % Effects of exchange rate on cash and cash equivalents 4,992 (3,688) N/A 9,609 (627) N/A Net cash flow during the period (71,984) (36,984) 94.6 % (253,144) 16,318 N/A Cash and cash equivalents at beginning of period 203,733 421,877 (51.7) % 384,893 368,574 4.4 % Cash and cash equivalents at end of period 131,749 384,893 (65.8) % 131,749 384,893 (65.8) % Parque Fabricato
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PARQUE ARAUCO EARNINGS REPORT 133Q25 Financial and Operational Analysis | Balance - Assets Increase in our total assets Land Bank Assets (M Ch$) 30.09.2025 31.12.2024 Chg(%) Current assets Cash and cash equivalents 131,749 387,091 (66.0) % Other current financial assets 2,399 53,666 (95.5) % Other current non-financial assets 70,322 39,914 76.2 % Trade accounts receivable and other receivables 26,407 29,228 (9.7) % Accounts receivable from related companies 37 95 (60.8) % Current tax receivable 14,843 10,476 41.7 % Non-current assets held for sale 8,884 7,566 17.4 % Total current assets 254,641 528,036 (51.8) % Non-current assets Other non-current financial assets 119,267 96,228 23.9 % Other non-current non-financial assets 18,373 28,018 (34.4) % Non-current accounts receivable 1,487 1,458 2.0 % Non-current accounts receivable to related entities 0 0 - Investments in affiliates 194,551 186,245 4.5 % Intangible assets excluding surplus value 18,589 16,742 11.0 % Surplus value 1,966 1,264 55.6 % Property, plant and equipment 20,213 13,954 44.9 % Investment properties 3,533,378 3,042,457 16.1 % Deferred tax assets 16,258 15,415 5.5 % Right of use assets 931 662 40.8 % Current tax assets, non-current 7,510 0 - Total non-current assets 3,932,522 3,402,443 15.6 % Total assets 4,187,163 3,930,480 6.5 % Trade accounts receivable and other receivables, and Bad debt provision (M Ch$) Trade accounts receivable and other receivables, Gross 38,736 40,689 (4.8) % Bad debt provision (12,329) (11,462) 7.6 % Trade accounts receivable and other receivables, Net 26,407 29,228 (9.7) % • Decrease in Cash and Cash Equivalents: Explained almost entirely by the disbursement for the purchase of the East building in Parque Arauco Kennedy for approximately Ch$ 200,000 million. • Other Current and Non-Current Financial Assets: The variation in this line is explained by the reclassification of investments from current to non-current and the settlement of derivative instruments, which contributed approximately Ch$ 18,267 million to cash. • Other Non-Financial Assets: The increase in this account is mainly due to the recording of the remaining VAT Credit, generated as a result of the acquisition of the Parque Arauco Kennedy East asset. • Growth in Investment Properties: Result of the incorporation of the new assets Minka shopping center, Parque Arauco Kennedy East, and the Cerro Colorado phase of the Parque Arauco Kennedy expansion. MegaPlaza Independencia • Along with operating assets, the "Investment Properties" account includes more than 15 undeveloped plots of land in Chile, Peru, and Colombia, totaling more than 550,000 sqm. These plots are valued in the accounts at Ch$75,794 million, of which Ch$8,208 million are classified as "Assets classified as available for sale." • Additionally, the company has joint interests in other plots of land in Peru, totaling more than 220,000 sqm, valued at Ch$ 23,528 million. These plots of land are accounted for using the equity method under "Investments in affiliates".
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PARQUE ARAUCO EARNINGS REPORT 143Q25 Financial and Operational Analysis | Balance – Liabilities and Equity • Trade accounts payable and other accounts payable: The decrease in the period is attributable to the fact that in 4Q24, this line item included the full provision for the Parque Arauco S.A. dividend, which amounted to approximately Ch$ 23.7 billion. • Other financial liabilities: The increase in liabilities is due to the assumption of new debt to finance development projects and M&As, notably Parque Arauco Kennedy East and Minka. On the other hand, refinancing on better terms has been completed, resulting in the reclassification of certain current amounts to non-current. Increase in our total liabilities Equity and Liabilities (M Ch$) 30.09.2025 31.12.2024 Chg(%) Current liabilities Other current financial liabilities 141,720 187,477 (24.4) % Commercial credits and other accounts payable 52,507 73,765 (28.8) % Accounts payable to related companies 410 498 (17.7) % Current provisions 1,036 1,296 (20.1) % Current tax liabilities 6,412 8,363 (23.3) % Current provisions for employees 12,104 12,251 (1.2) % Other current non-financial liabilities 18,606 10,339 80.0 % Current lease liabilities 2,659 2,372 12.1 % Total current liabilities 235,453 296,360 (20.6) % Non-current liabilities Other non-current financial liabilities 1,554,236 1,394,283 11.5 % Deferred tax liabilities 375,713 340,429 10.4 % Non-current provisions for employees 3,478 1,461 138.0 % Other non-current non-financial liabilities 33,953 27,016 25.7 % Non-current lease liabilities 82,894 82,883 — % Total non-current liabilities 2,050,274 1,846,072 11.1 % Total liabilities 2,285,727 2,142,432 6.7 % Equity Issue share capital 423,575 423,575 — % Accumulated earnings (losses) 897,882 853,994 5.1 % Premium on new issued shares 289 289 — % Other reserves 241,214 186,599 29.3 % Equity attributable to shareholders of the company 1,562,960 1,464,458 6.7 % Minority interest 338,476 323,590 4.6 % Total equity 1,901,437 1,788,047 6.3 % Total equity and liabilities 4,187,163 3,930,480 6.5 % Parque La Molina
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PARQUE ARAUCO EARNINGS REPORT 153Q25 Financial and Operational Analysis | Key Performance Results 3Q25 3Q24 Chg(%) LTM 3Q25 LTM 3Q24 Chg(%) EBITDA Margin (%) 72.4 % 71.7 % 73 pb 72.7 % 71.1 % 152 pb Net income margin (%) 37.4 % 36.6 % 77 pb 47.0 % 45.4 % 161 pb FFO margin (%) 54.0 % 58.7 % (473) pb 57.0 % 57.4 % (37) pb Owned mall NOI (M Ch$)1 76,534 62,808 21.9 % 338,673 248,052 36.5 % Owned GLA (sqm)2 1,178,611 1,078,462 9.3 % 1,178,611 1,078,462 9.3 % Controlling FFO (M Ch$)3 41,496 36,739 12.9 % 164,837 145,394 13.4 % Consolidated NOI (M Ch$)4 76,434 61,934 23.4 % 293,129 247,128 18.6 % Consolidated GLA (sqm)5 1,333,000 1,183,500 12.6 % 1,333,000 1,183,500 12.6 % Occupancy Cost (%) 10.5 % 10.6 % (10) pb 10.2 % 10.3 % (10) pb Total tenant sales (M Ch$) 863,470 718,074 20.2 % 3,402,736 2,959,477 15.0 % Weighted average shares basic (millions) 905.7 905.7 — % 905.7 905.7 — % EPS (Ch$)6 29 23 28.2 % 148 127 16.9 % DPS (Ch$) 10 0 N/A 50 40 25.0 % Dividend yield7 — % — % 0 pb 2.5 % 2.8 % (23) pb Stock price (Ch$)8 0 0 — % 2,434 1,584 53.7 % Market capitalization (Ch$ billions) 2,203 1,357 62.4 % 2,203 1,357 62.4 % Daily traded volume (Ch$ millions) 2,315 930 149.0 % 2,104 1,074 95.9 % Implied Cap Rate (%)9 — % — % — 7.8 % 9.1 % (130) pb 1. Sum of Parque Arauco's own NOI from assets plus the NOI from Grupo Marina's stake. 2. Grupo Marina's own GLA is included. 3. FFO = EBITDA + Financial Income + Financial Costs + Current Taxes + FFO Related Companies. 4. NOI = Revenues - Cost of Sales - Administration Expenses + Depreciation & Amortization + Associates accounted NOI 5. Consolidated GLA does not include Grupo Marina. 6. Earnings per share = controlling interest profit / weighted average number of shares for the last twelve months 7. Calculated using the average closing prices for the last four quarters. 8 The closing price for the quarter is considered. 9. Implied Cap Rate = (EBITDA LTM + 50% EBITDA Marina) / Enterprise value
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PARQUE ARAUCO EARNINGS REPORT 163Q25 Capitalization Rate | Key Results 1. Enterprise Value = Market Cap + NFD + Non-Controlling Interest - Projects in Progress - Land - Other Assets + Other Liabilities + Marina's Own Enterprise Value Arauco Chillán Components (CLP Million) 3Q25 Details Sharer Price (CLP) 2,434 Price as of September 30th 2025 N° Shares 905,715,880 Financial Statements - Note 22 [1] Market Cap / Equity 2,204,512 [2] Net Financial Debt 1,448,626 Gross Financial Debt - Cash and Cash Equivalents - Fixed Income Investments (according to note 6 of the FS) [3] Non-Controlling Interests 338,476 Financial Statements - Balance Sheet [4] Ongoing projects 338,901 Financial Statements - Note 14 [5] Landbank land 72,747 Results report - Land bank [6] Other Assets 26,444 Trade accounts receivable and accounts receivable from related entities [7] Other Liabilities 52,916 Accounts payable to suppliers and related entities Marina (Own): [8] 50% Net Financial Debt 142,250 Gross Financial Debt - Cash and Cash Equivalents [9] 50% Ongoing projects 0 Financial Statements - Note 12 [10] 50% Landbank land 0 Financial Statements - Note 12 [12] 50% Other Assets 2,407 Trade accounts receivable and accounts receivable from related entities [11] 50% Other Liabilities 3,466 Accounts payable to suppliers and related entities Enterprise Value (A)1 3,749,749 EBITDA LTM (B) 260,170 50% EBITDA Marina (C) 32,376 Implied Cap Rate ( {B+C} /A) 7.8%
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PARQUE ARAUCO EARNINGS REPORT 173Q25 Financial and Operational Analysis | Main Financial Indicators1 Unit 3Q25 3Q24 Chg(%) LTM 3Q25 LTM 3Q24 Chg(%) Covenant Limit Gross financial debt M Ch$ 1,695,957 1,457,546 16.4 % 1,695,957 1,457,546 16.4 % Cash and cash equivalents M Ch$ 131,749 387,091 (66.0) % 131,749 387,091 (66.0) % Investments in Fixed Income (as per Note 6 in FS) M Ch$ 115,581 0 N/A 115,581 0 N/A Net financial debt M Ch$ 1,448,626 1,072,653 35.1 % 1,448,626 1,072,653 35.1 % Net financial debt / EBITDA (LTM) times 5.6x 4.9x 0.6x 5.6x 4.9x 0.6x EBITDA / Financial expenses (LTM) times 4.1x 3.2x 0.9x 4.1x 3.2x 0.9x Liabilities / Equity times 1.2x 1.2x 0.0x 1.2x 1.2x 0.0x Net financial debt / Equity times 0.8x 0.7x 0.1x 0.8x 0.7x 0.1x <1,5 Current liabilities % 10.3 % 18.4 % (812) pb 10.3 % 18.4 % (812) pb Non current liabilities % 89.7 % 81.6 % 812 pb 89.7 % 81.6 % 812 pb Liquidity level 3 times 1.1x 1.4x (0.3)x 1.1x 1.4x (0.3)x Return on equity 4 % 9.0 % 8.5 % 43 pb 9.0 % 8.5 % 43 pb Return on assets 5 % 4.2 % 3.8 % 38 pb 4.2 % 3.8 % 38 pb Return on operating assets 6 % 5.2 % 4.8 % 33 pb 5.2 % 4.8 % 33 pb Leverage levels positioned within our target levels Healthy leverage: Our leverage ratio remains within our optimum levels after the close of the third quarter, ending the period with a NFD/EBITDA ratio of 5.6x. This represents an increase of 0.3x compared to the previous quarter and 0.6x compared to the same period in 2024. The increase in the NFD/EBITDA ratio is directly related to the disbursements made to finance the strategic acquisitions of Parque Arauco Kennedy East building and Minka. Thanks to the solid preparation of our balance sheet for these acquisitions, the current level of leverage is within our long-term target range. 1. The operational and financial indicators presented are calculated in accordance with the standards imposed by the Financial Markets Commission in Chile, and do not necessarily coincide with the calculation formulas used to calculate the company's debt covenants. 2. Net Financial Debt is calculated using the following formula: Gross Financial Debt - Cash and Cash Equivalents - Fixed Income Investments (as per note 6 of the financial statements) 3. Current assets / Current liabilities 4. Profit (loss) of controlling owners / Average controlling equity 5. Average profit (loss) / total average assets) 6. Profit (loss) / average operating assets (Investment Properties + Property, Plant and Equipment) Arauco Maipú
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PARQUE ARAUCO EARNINGS REPORT 3Q25 18 Asset Level Results
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PARQUE ARAUCO EARNINGS REPORT 193Q25 In this third quarter, we highlight Arauco El Bosque, with outstanding EBITDA growth of 85.9%, driven by an increase in revenues of 61.8%. During the period, there was extraordinary income due to a retroactive energy charge adjustment. Solid growth in revenues, 19.4%, and EBITDA, 28.3%, at Parque Arauco Kennedy Poniente (the west building) reflects the price optimization strategy and high productivity of the asset. Also noteworthy is the increase in visitor traffic, which translates into a 10.0% increase in sales for our tenants. We also highlight the performance of Arauco Quilicura, where the growth in EBITDA was 25.5% and revenues was 15.8%, reflecting the consolidation of the shopping center's expansion, which included the addition of a Líder Express supermarket. Quarterly Asset Level Milestones We highlight the acquisition of Minka, a 53,500 sqm shopping center that becomes the second largest asset in terms of GLA and sales in the Peruvian portfolio. This new shopping center has a very diverse commercial mix that includes 7,000 sqm traditional market. Parque La Molina continues to mature, with favorable revenue results and an occupancy rate of 93.9%. Our strip centers in the country saw a strong 17.2% increase in NOI, largely explained by higher parking revenues and operational efficiencies. MegaPlaza Independencia, our main asset in Peru, and MegaPlaza Ica are still undergoing an expansion process. This has had a negative impact on the results for the period. Titán Plaza stands out in the quarter as the asset with the highest sales growth, a 27.6% increase. This is largely explained by a significant increase in occupancy of 14 pp, reaching 99.1% in Q3 2025. Among the new tenants, we highlight the addition of Koaj and Skechers. We also highlight Parque Alegra, where revenues increased by 16.8% during the period, while EBITDA increased by 21.6%, favored by strong tenant sales performance and active commercial management in renewal processes. Finally, we also highlight the strong performance of Parque Arboleda, the second most important asset in terms of sales in the country's portfolio. During the period, it achieved a remarkable occupancy rate of 95.7%, adding new tenants such as Samsonite, Bancolombia, Metlife, and BBVA. Parque Arauco Kennedy Parque La Molina Parque Arboleda
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PARQUE ARAUCO EARNINGS REPORT 203Q25 Portfolio Name GLA (sqm) % Ownership Owned GLA (sqm) % Occupancy Parque Arauco Kennedy 196,000 100.0 % 196,000 96.3 % Parque Arauco Kennedy west building 126,000 100.0 % 126,000 99.1 % Parque Arauco Kennedy east building 70,000 100.0 % 70,000 97.9 % Arauco Maipú 75,500 100.0 % 75,500 98.0 % Arauco Estación 68,000 83.0 % 56,440 96.6 % Arauco Chillán 34,000 51.0 % 17,340 94.6 % Arauco Quilicura 34,000 51.0 % 17,340 97.9 % Arauco Coronel 31,000 51.0 % 15,810 94.1 % Arauco El Bosque 30,000 51.0 % 15,300 99.5 % Arauco San Antonio 29,000 35.7 % 10,353 94.8 % Arauco Outlets1 54,500 51.0 % 27,795 98.1 % Arauco Express (Strip Centers Chile)1 41,000 51.0 % 20,910 92.1 % Other assets in Chile1 18,500 74.5 % 13,775 93.1 % Total Chile 611,500 76.3 % 466,563 96.3 % MegaPlaza Independencia 104,500 100.0 % 104,500 98.3 % MegaPlaza Ica 36,500 100.0 % 36,500 97.9 % MegaPlaza Cajamarca 30,500 100.0 % 30,500 97.5 % MegaPlaza Chimbote 28,000 100.0 % 28,000 95.2 % Larcomar 25,000 100.0 % 25,000 98.0 % Parque La Molina 16,500 100.0 % 16,500 93.9 % Minka 53,500 100.0 % 53,500 95.0 % MegaPlaza Cañete 17,000 100.0 % 17,000 99.6 % MegaPlaza Pisco 15,500 100.0 % 15,500 100.0 % Arauco Outlets1 45,000 100.0 % 45,000 91.9 % Viamix (Strip Centers Peru)1 10,000 100.0 % 10,000 94.6 % Other assets in Peru1 83,000 100.0 % 83,000 100.0 % Total Peru 465,000 100.0 % 465,000 96.8 % Parque La Colina 63,000 51.0 % 32,130 99.9 % Parque Alegra 47,000 100.0 % 47,000 85.2 % Parque Arboleda 41,500 55.0 % 22,825 95.7 % Parque Caracoli 39,000 51.0 % 19,890 99.1 % Parque Fabricato 39,500 28.8 % 11,360 87.9 % Titán Plaza 13,500 57.0 % 7,692 99.1 % Outlet Arauco Sopó 13,000 100.0 % 13,000 76.9 % Total Colombia 256,500 51.3 % 131,578 91.6 % Multifamilies1 95.7 % 24,400 80.3 % Grupo Marina2 50.0 % 94,250 Total 1,333,000 81.5 % 1,178,611 95.6 % 1. Details included in Asset Groupings slide at the end of the report 2. Own GLA corresponds to 50% of the Marina Group MegaPlaza Ica
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PARQUE ARAUCO EARNINGS REPORT 213Q25 Property Level Results - Quarterly 1. Multifamily reported in units Chile in MCLP / Peru in ThPEN / Colombia in MCOP / Multifamily in MCLP GLA (sqm) / Units1 Tenant Sales Revenues NOI 3Q25 3Q24 Chg(%) 3Q25 3Q24 Chg(%) 3Q25 3Q24 Chg(%) 3Q25 3Q24 Chg(%) Parque Arauco Kennedy 196,000 119,500 64.0 % 188,319 135,685 38.8 % 23,776 16,269 46.1 % 22,957 15,523 47.9 % Parque Arauco Kennedy west building 126,000 119,500 5.4 % 149,277 135,685 10.0 % 19,429 16,269 19.4 % 19,909 15,523 28.3 % Parque Arauco Kennedy east building 70,000 0 N/A 39,042 0 N/A 4,347 0 N/A 3,047 0 N/A Arauco Maipú 75,500 75,000 0.7 % 57,058 55,583 2.7 % 6,279 5,311 18.2 % 5,683 5,099 11.4 % Arauco Estación 68,000 68,000 — % 29,024 27,400 5.9 % 5,090 4,465 14.0 % 3,831 3,727 2.8 % Arauco Chillán 34,000 34,000 — % 23,237 21,147 9.9 % 2,620 2,362 10.9 % 2,242 1,940 15.5 % Arauco Quilicura 34,000 34,000 — % 17,624 14,332 23.0 % 1,648 1,423 15.8 % 1,563 1,246 25.5 % Arauco Coronel 31,000 31,000 — % 16,329 16,172 1.0 % 1,495 1,377 8.5 % 1,158 1,138 1.7 % Arauco El Bosque 30,000 30,000 — % 14,412 13,514 6.6 % 1,525 943 61.8 % 1,271 684 85.9 % Arauco San Antonio 29,000 28,500 1.8 % 10,772 11,555 (6.8) % 984 1,336 (26.4) % 569 947 (39.9) % Arauco Outlets 54,500 54,500 — % 48,049 39,558 21.5 % 4,761 3,886 22.5 % 4,256 3,301 28.9 % Arauco Express (Strip Centers Chile) 41,000 40,500 1.2 % 26,390 24,745 6.6 % 2,404 2,161 11.2 % 1,711 1,555 10.0 % Other assets in Chile 18,500 19,000 (2.6) % 14,885 12,962 14.8 % 1,368 1,225 11.6 % 936 985 (5.0) % Total Chile 611,500 534,000 14.5 % 446,101 372,654 19.7 % 51,949 40,758 27.5 % 46,176 36,144 27.8 % MegaPlaza Independencia 104,500 104,000 0.5 % 295,489 318,684 (7.3) % 23,928 26,122 (8.4) % 22,583 24,733 (8.7) % MegaPlaza Ica 36,500 38,000 (3.9) % 71,688 74,513 (3.8) % 6,010 6,908 (13.0) % 5,958 6,511 (8.5) % MegaPlaza Cajamarca 30,500 30,000 1.7 % 40,083 40,694 (1.5) % 4,071 3,999 1.8 % 3,408 3,419 (0.3) % MegaPlaza Chimbote 28,000 28,000 — % 64,574 69,303 (6.8) % 3,542 3,755 (5.7) % 2,977 3,424 (13.0) % Larcomar 25,000 25,000 — % 99,569 106,485 (6.5) % 13,390 13,173 1.7 % 13,271 12,517 6.0 % Minka 53,500 0 N/A 125,754 0 N/A 12,498 0 N/A 10,430 0 N/A Parque La Molina 16,500 0 N/A 15,189 0 N/A 2,928 0 N/A 2,734 0 N/A MegaPlaza Cañete 17,000 17,000 — % 35,023 34,403 1.8 % 1,551 1,772 (12.4) % 1,342 1,150 16.7 % MegaPlaza Pisco 15,500 15,500 — % 29,997 31,398 (4.5) % 1,755 1,851 (5.2) % 1,549 1,181 31.2 % Arauco Outlets 45,000 45,000 — % 75,281 79,294 (5.1) % 7,260 7,387 (1.7) % 6,241 5,963 4.7 % Viamix (Strip Centers Peru) 10,000 9,500 5.3 % 5,172 5,369 (3.7) % 832 759 9.5 % 534 456 17.2 % Other assets in Peru 83,000 83,000 — % 146,148 144,018 1.5 % 8,773 8,460 3.7 % 7,615 6,395 19.1 % Total Peru 465,000 395,000 17.7 % 1,004,251 904,162 11.1 % 86,538 74,185 16.7 % 78,643 65,748 19.6 % Parque La Colina 63,000 60,500 4.1 % 224,863 206,864 8.7 % 28,232 26,429 6.8 % 26,762 26,139 2.4 % Parque Alegra 47,000 47,000 — % 62,404 51,701 20.7 % 8,821 7,551 16.8 % 4,998 4,110 21.6 % Parque Arboleda 41,500 41,500 — % 102,141 91,479 11.7 % 10,566 9,859 7.2 % 10,229 9,402 8.8 % Parque Caracoli 39,000 39,500 (1.3) % 79,409 68,445 16.0 % 12,103 11,070 9.3 % 7,705 6,547 17.7 % Parque Fabricato 39,500 39,500 — % 69,776 62,967 10.8 % 8,982 8,252 8.8 % 6,650 6,157 8.0 % Titán Plaza 13,500 13,500 — % 42,344 33,182 27.6 % 7,858 7,094 10.8 % 6,775 5,050 34.2 % Arauco Outlet Sopó 13,000 13,000 — % 22,739 19,660 15.7 % 2,015 1,782 13.1 % 1,600 1,496 6.9 % Total Colombia 256,500 254,500 0.8 % 603,676 534,298 13.0 % 78,577 72,037 9.1 % 64,719 58,901 9.9 % Multifamily 595 463 28.5 % N/A N/A N/A 612 488 25.4 % 380 353 7.6 % Parque Caracolí
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PARQUE ARAUCO EARNINGS REPORT 223Q25 Property Level Results - Quarterly Chile in MCLP / Peru in ThPEN / Colombia in MCOP / Multifamily in MCLP Occupancy NOI Margin Monthly Tenant sales per sqm Monthly Revenues per sqm 3Q25 3Q24 Chg(%) 3Q25 3Q24 Chg(%) 3Q25 3Q24 Chg(%) 3Q25 3Q24 Chg(%) Parque Arauco Kennedy 96.3 % 99.7 % (339) 96.6 % 95.4 % 114 383,709 392,367 (2.2) % 42,127 46,040 (8.5) % Parque Arauco Kennedy west building 95.6 % 99.7 % 0 102.5 % 95.4 % 0 432,848 392,367 10.3 % 54,129 46,040 17.6 % Parque Arauco Kennedy east building 97.5 % — % N/A 70.1 % — % N/A 267,837 0 N/A 21,158 0 N/A Arauco Maipú 98.0 % 99.3 % (135) 90.5 % 96.0 % (549) 259,266 249,282 4.0 % 28,434 23,864 19.2 % Arauco Estación 96.6 % 95.5 % 112 75.3 % 83.5 % (821) 150,019 145,832 2.9 % 26,111 23,215 12.5 % Arauco Chillán 94.6 % 92.6 % 202 85.6 % 82.1 % 342 249,167 236,766 5.2 % 27,436 25,496 7.6 % Arauco Quilicura 97.9 % 97.4 % 54 94.9 % 87.5 % 733 179,237 160,134 11.9 % 16,502 14,738 12.0 % Arauco Coronel 94.1 % 98.3 % (420) 77.4 % 82.6 % (518) 192,539 184,565 4.3 % 16,900 15,361 10.0 % Arauco El Bosque 99.5 % 98.2 % 132 83.3 % 72.5 % 1,081 164,123 158,105 3.8 % 17,116 10,846 57.8 % Arauco San Antonio 94.8 % 94.0 % 78 57.9 % 70.9 % (1,301) 133,807 145,141 (7.8) % 12,015 16,537 (27.3) % Arauco Outlets 98.1 % 96.8 % 125 89.4 % 85.0 % 444 313,786 268,069 17.1 % 30,066 25,039 20.1 % Arauco Express (Strip Centers Chile) 92.1 % 90.3 % 180 71.2 % 71.9 % (75) 284,376 285,045 (0.2) % 21,338 19,551 9.1 % Other assets in Chile 93.1 % 88.9 % 420 68.4 % 80.4 % (1,199) 329,926 288,515 14.4 % 26,487 25,798 2.7 % Total Chile 96.3 % 96.6 % (36) 88.9 % 88.7 % 21 272,509 254,253 7.2 % 28,958 26,673 8.6 % MegaPlaza Independencia 98.3 % 99.1 % (83) 94.4 % 94.7 % (30) 1,009 1,070 (5.7) % 79 85 (7.1) % MegaPlaza Ica 97.9 % 97.9 % (2) 99.1 % 94.3 % 489 717 760 (5.7) % 56 65 (13.8) % MegaPlaza Cajamarca 97.5 % 96.4 % 111 83.7 % 85.5 % (176) 557 547 1.8 % 48 46 4.3 % MegaPlaza Chimbote 95.2 % 96.3 % (108) 84.0 % 91.2 % (714) 863 918 (6.0) % 45 47 (4.3) % Larcomar 98.0 % 99.7 % (175) 99.1 % 95.0 % 408 1,329 1,436 (7.5) % 183 178 2.8 % Minka 95.0 % — % N/A 83.5 % — % N/A 970 0 N/A 92 0 N/A Parque La Molina 93.9 % — % N/A 93.4 % — % N/A 359 0 N/A 66 0 N/A MegaPlaza Cañete 99.6 % 99.9 % (31) 86.5 % 64.9 % 2,158 739 711 3.9 % 31 34 (8.8) % MegaPlaza Pisco 100.0 % 99.5 % 50 88.2 % 63.8 % 2,445 709 735 (3.5) % 39 41 (4.9) % Arauco Outlets 91.9 % 90.9 % 95 86.0 % 80.7 % 524 708 802 (11.7) % 62 61 1.4 % Viamix (Strip Centers Peru) 94.6 % 94.8 % (23) 64.2 % 60.0 % 418 299 313 (4.4) % 34 34 0.8 % Other assets in Peru 97.7 % 97.8 % (15) 86.8 % 75.6 % 1,120 667 657 1.4 % 36 35 2.6 % Total Peru 96.8 % 97.4 % (60) 90.9 % 88.6 % 225 818 863 (5.2) % 66 66 — % Parque La Colina 99.9 % 99.3 % 58 94.8 % 98.9 % (411) 1,244,925 1,151,643 8.1 % 153,454 146,868 4.5 % Parque Alegra 85.2 % 86.9 % (174) 56.7 % 54.4 % 222 783,259 651,236 20.3 % 76,728 70,711 8.5 % Parque Arboleda 95.7 % 100.0 % (426) 96.8 % 95.4 % 145 1,061,181 913,416 16.2 % 88,740 81,519 8.9 % Parque Caracoli 99.1 % 98.8 % 25 63.7 % 59.1 % 452 901,918 767,955 17.4 % 126,352 115,828 9.1 % Parque Fabricato 87.9 % 93.2 % (527) 74.0 % 74.6 % (57) 871,209 733,957 18.7 % 88,402 79,361 11.4 % Titán Plaza 99.1 % 85.3 % 1,379 86.2 % 71.2 % 1,503 1,298,313 1,186,820 9.4 % 205,459 204,112 0.7 % Arauco Outlet Sopó 76.9 % 86.8 % (991) 79.4 % 83.9 % (456) 827,389 735,889 12.4 % 67,934 61,375 10.7 % Total Colombia 91.6 % 94.7 % (310) 82.4 % 81.8 % 60 1,032,424 907,898 13.7 % 114,893 108,124 6.3 % Multifamily 80.3 % 90.2 % (990) 62.2 % 72.5 % (1,029) N/A N/A N/A N/A N/A N/A Parque Arauco Kennedy
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PARQUE ARAUCO EARNINGS REPORT 233Q25 Property Level Results - Last 12 Months Chile in MCLP / Peru in ThPEN / Colombia in MCOP / Multifamily in MCLP GLA (sqm) / Units1 Tenant Sales Revenues NOI LTM 3Q25 LTM 3Q24 Chg(%) LTM 3Q25 LTM 3Q24 Chg(%) LTM 3Q25 LTM 3Q24 Chg(%) LTM 3Q25 LTM 3Q24 Chg(%) Parque Arauco Kennedy 196,000 119,500 64.0 % 715,949 561,035 27.6 % 83,686 66,267 26.3 % 81,040 62,965 28.7 % Parque Arauco Kennedy west building 126,000 119,500 5.4 % 650,044 561,035 15.9 % 76,005 66,267 14.7 % 75,570 62,965 20.0 % Parque Arauco Kennedy east building 70,000 0 N/A 65,905 0 N/A 7,681 0 N/A 5,470 0 N/A Arauco Maipú 75,500 75,000 0.7 % 252,390 243,389 3.7 % 24,834 22,093 12.4 % 23,650 20,899 13.2 % Arauco Estación 68,000 68,000 — % 120,795 112,875 7.0 % 19,714 17,377 13.4 % 15,184 13,412 13.2 % Arauco Chillán 34,000 34,000 — % 102,234 92,009 11.1 % 10,681 8,775 21.7 % 9,176 7,297 25.8 % Arauco Quilicura 34,000 34,000 — % 66,665 58,568 13.8 % 6,384 5,325 19.9 % 5,709 4,671 22.2 % Arauco Coronel 31,000 31,000 — % 72,863 68,909 5.7 % 6,192 5,338 16.0 % 4,943 4,571 8.1 % Arauco El Bosque 30,000 30,000 — % 58,891 57,024 3.3 % 4,633 3,921 18.2 % 3,718 2,844 30.7 % Arauco San Antonio 29,000 28,500 1.8 % 50,942 51,346 (0.8) % 5,069 5,432 (6.7) % 3,239 3,808 (14.9) % Arauco Outlets 54,500 54,500 — % 202,647 165,416 22.5 % 19,345 15,279 26.6 % 17,334 12,814 35.3 % Arauco Express (Strip Centers Chile) 41,000 40,500 1.2 % 103,398 91,311 13.2 % 9,303 8,396 10.8 % 6,766 6,031 12.2 % Other assets in Chile 18,625 19,000 (2.0) % 58,271 53,086 9.8 % 5,321 4,343 22.5 % 3,948 3,289 20.0 % Total Chile 611,500 534,000 14.5 % 1,805,045 1,554,969 16.1 % 195,162 162,548 20.1 % 174,707 142,601 22.5 % MegaPlaza Independencia 104,500 104,000 0.5 % 1,270,383 1,256,370 1.1 % 105,943 103,724 2.1 % 101,390 98,382 3.1 % MegaPlaza Ica 36,500 38,000 (3.9) % 314,364 290,865 8.1 % 32,242 26,893 19.9 % 32,526 25,850 25.8 % MegaPlaza Cajamarca 30,500 30,000 1.7 % 163,737 159,346 2.8 % 16,437 15,860 3.6 % 14,405 13,805 4.3 % MegaPlaza Chimbote 28,000 28,000 — % 282,752 276,955 2.1 % 15,823 15,019 5.3 % 14,160 13,462 5.2 % Larcomar 25,000 25,000 — % 404,539 406,561 (0.5) % 52,899 51,007 3.7 % 49,170 47,390 3.8 % Parque La Molina 16,500 0 N/A 42,707 0 N/A 9,244 0 N/A 8,795 0 N/A Minka 53,500 0 N/A 125,754 0 N/A 12,498 0 N/A 10,430 0 N/A MegaPlaza Cañete 17,000 17,000 — % 151,964 142,271 6.8 % 6,724 6,743 (0.3) % 5,679 5,400 5.2 % MegaPlaza Pisco 15,500 15,500 — % 129,492 125,706 3.0 % 7,412 7,256 2.1 % 6,272 5,864 7.0 % Arauco Outlets 45,000 45,000 — % 312,002 302,390 3.2 % 31,254 29,903 4.5 % 27,217 24,257 12.2 % Viamix (Strip Centers Peru) 10,000 9,500 5.3 % 22,034 23,245 (5.2) % 3,328 3,023 10.1 % 1,621 1,308 23.9 % Other assets in Peru 83,000 83,000 — % 589,408 553,822 6.4 % 36,328 34,397 5.6 % 28,810 26,087 10.4 % Total Peru 465,000 395,000 17.7 % 3,809,692 3,537,530 7.7 % 330,131 293,825 12.4 % 300,475 261,807 14.8 % Parque La Colina 63,000 60,500 4.1 % 984,069 913,106 7.8 % 114,667 109,118 5.1 % 109,933 104,176 5.5 % Parque Alegra 47,000 47,000 — % 270,033 213,261 26.6 % 34,722 30,181 15.0 % 20,818 15,330 35.8 % Parque Arboleda 41,500 41,500 — % 449,171 405,979 10.6 % 44,281 41,709 6.2 % 41,545 38,635 7.5 % Parque Caracoli 39,000 39,500 (1.3) % 335,690 295,900 13.4 % 48,133 44,992 7.0 % 31,504 28,153 11.9 % Parque Fabricato 39,500 39,500 — % 307,400 273,790 12.3 % 36,639 34,089 7.5 % 27,571 25,928 6.3 % Titán Plaza 13,500 13,500 — % 164,236 125,058 31.3 % 30,254 28,232 7.2 % 25,668 23,484 9.3 % Arauco Outlet Sopó 13,000 13,000 — % 103,478 88,601 16.8 % 8,660 7,733 12.0 % 7,027 6,149 14.3 % Total Colombia 256,500 254,500 0.8 % 2,614,076 2,315,696 12.9 % 317,355 296,052 7.2 % 264,065 241,856 9.2 % Multifamily 595 463 28.5 % N/A N/A N/A 2,402 1,801 33.4 % 1,625 1,204 34.9 % Parque Alegra
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PARQUE ARAUCO EARNINGS REPORT 243Q25 Property Level Results - Last 12 Months Chile en CLP | Peru en PEN | Colombia en COP Occupancy NOI Margin Monthly Tenant sales per sqm Monthly Revenues per sqm LTM 3Q25 LTM 3Q24 Chg (b.p) LTM 3Q25 LTM 3Q24 Chg (b.p) LTM 3Q25 LTM 3Q24 Chg(%) LTM 3Q25 LTM 3Q24 Chg(%) Parque Arauco Kennedy 98.7 % 99.1 % (36) 96.8 % 95.0 % 182 446,598 405,195 10.2 % 47,573 46,606 2.1 % Parque Arauco Kennedy west building 98.6 % 99.1 % 0 99.4 % 95.0 % 0 469,062 405,195 15.8 % 53,452 46,606 14.7 % Parque Arauco Kennedy east building 97.7 % — % N/A 71.2 % — % N/A 272,304 0 N/A 22,782 0 N/A Arauco Maipú 99.1 % 99.4 % (29) 95.2 % 94.6 % 64 285,619 274,318 4.1 % 28,010 24,808 12.9 % Arauco Estación 96.8 % 96.6 % 25 77.0 % 77.2 % (16) 157,367 153,675 2.4 % 25,448 22,434 13.4 % Arauco Chillán 94.9 % 92.7 % 218 85.9 % 83.2 % 276 280,074 263,639 6.2 % 28,046 24,191 15.9 % Arauco Quilicura 97.8 % 97.7 % 14 89.4 % 87.7 % 170 177,599 163,505 8.6 % 16,009 14,460 10.7 % Arauco Coronel 97.3 % 98.2 % (92) 79.8 % 85.6 % (580) 207,971 199,441 4.3 % 17,193 15,072 14.1 % Arauco El Bosque 99.0 % 98.9 % 8 80.3 % 72.5 % 773 169,457 163,143 3.9 % 13,205 11,256 17.3 % Arauco San Antonio 94.8 % 94.2 % 62 63.9 % 70.1 % (620) 158,813 162,519 (2.3) % 15,527 16,881 (8.0) % Arauco Outlets 97.0 % 94.7 % 226 89.6 % 83.9 % 574 341,188 284,154 20.1 % 30,552 25,177 21.3 % Arauco Express (Strip Centers Chile) 92.2 % 91.4 % 75 72.7 % 71.8 % 89 288,267 279,755 3.0 % 20,681 19,011 8.8 % Other assets in Chile 91.5 % 86.6 % 485 74.2 % 75.7 % (153) 319,246 291,811 9.4 % 26,266 22,853 14.9 % Total Chile 97.1 % 96.7 % 33 89.5 % 87.7 % 179 292,945 267,509 9.5 % 29,919 26,726 11.9 % MegaPlaza Independencia 98.8 % 98.1 % 67 95.7 % 94.8 % 85 1,087 1,052 3.3 % 87 85 2.5 % MegaPlaza Ica 96.9 % 98.2 % (128) 100.9 % 96.1 % 476 794 755 5.3 % 75 64 16.5 % MegaPlaza Cajamarca 96.6 % 96.6 % (5) 87.6 % 87.0 % 59 561 534 5.1 % 48 46 5.6 % MegaPlaza Chimbote 95.5 % 96.8 % (127) 89.5 % 89.6 % (14) 942 911 3.5 % 50 46 7.6 % Larcomar 98.4 % 99.4 % (99) 93.0 % 92.9 % 4 1,358 1,407 (3.5) % 179 175 2.8 % Parque La Molina 90.4 % — % N/A 95.1 % — % N/A 328 0 N/A 65 0 N/A Minka 95.0 % — % N/A 83.5 % — % N/A 970 0 N/A 92 0 N/A MegaPlaza Cañete 98.5 % 99.9 % (135) 84.5 % 80.1 % 438 796 732 8.6 % 33 33 1.3 % MegaPlaza Pisco 99.8 % 99.6 % 17 84.6 % 80.8 % 381 761 732 3.9 % 41 40 2.5 % Arauco Outlets 91.4 % 91.9 % (43) 87.1 % 81.1 % 596 748 760 (1.6) % 66 62 7.0 % Viamix (Strip Centers Peru) 94.6 % 93.6 % 94 48.7 % 43.3 % 542 319 338 (5.7) % 35 34 4.2 % Other assets in Peru 97.6 % 97.9 % (30) 79.3 % 75.8 % 347 672 643 4.4 % 38 37 3.0 % Total Peru 96.7 % 97.3 % (55) 91.0 % 89.1 % 191 857 849 0.9 % 68 65 4.7 % Parque La Colina 99.7 % 99.6 % 20 95.9 % 95.5 % 40 1,367,758 1,270,798 7.6 % 157,405 150,950 4.3 % Parque Alegra 85.4 % 84.5 % 94 60.0 % 50.8 % 916 837,788 697,233 20.2 % 76,492 70,770 8.1 % Parque Arboleda 96.1 % 99.5 % (337) 93.8 % 92.6 % 119 1,159,796 1,006,861 15.2 % 93,260 85,325 9.3 % Parque Caracoli 98.6 % 98.8 % (19) 65.5 % 62.6 % 288 946,387 837,736 13.0 % 125,585 111,702 12.4 % Parque Fabricato 88.9 % 93.4 % 0 75.3 % 76.1 % 0 928,337 801,192 15.9 % 88,460 79,737 10.9 % Titán Plaza 94.9 % 93.8 % 0 84.8 % 83.2 % 0 1,362,051 1,081,924 25.9 % 218,824 216,028 1.3 % Arauco Outlet Sopó 83.9 % 84.7 % (70) 81.1 % 79.5 % 162 946,288 815,432 16.0 % 72,772 63,616 14.4 % Total Colombia 93.2 % 94.6 % (145) 83.2 % 81.7 % 151 1,115,037 1,002,157 11.3 % 116,956 108,815 7.5 % Multifamily 87.8 % 84.5 % 0 67.6 % 66.8 % 0 N/A N/A N/A N/A N/A N/A Parque Chincha
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PARQUE ARAUCO EARNINGS REPORT 253Q25 Projects recently incorporated and to be incorporated in the coming years Investment by type of project (US$M) Opening by country (US$M) New Malls Type Country Format Entry Date1 Total GLA (sqm) % Ownership Owned GLA (sqm) Total Investment (local currency)² Total Investment (US$M) Remaining Investment (US$M) Parque La Molina Development PE Lifestyle 4Q24 16,500 100% 16,500 218,000 63 3 Parque Arauco Kennedy East Acquisition CL Regional 2Q25 70,000 100% 70,000 4,400,000 181 0 Minka Acquisition PE Regional 3Q25 53,500 100% 53,500 381,000 108 0 Arauco Premium Outlet Buin Development CL Outlet 2S27 11,000 100% 11,000 600,000 25 16 Subtotal 151,000 151,000 377 19 Expansion Type Country Format Entry Date1 Total GLA (sqm) % Ownership Owned GLA (sqm) Total Investment (local currency)² Total Investment (US$M) Remaining Investment (US$M) Arauco Quilicura Expansion Expansion CL Regional 4Q24 3,400 51% 1,734 134,000 5 0 MegaPlaza Ica - First Phase Expansion PE Regional 1Q26 6,600 100% 6,600 63,000 18 1 Parque Arauco Kennedy - Cerro Colorado Phase Expansion CL Mixed use 4Q26 35,400 100% 35,400 4,200,000 172 49 MegaPlaza Independencia - First Phase3 Expansion PE Regional 2027 -400 100% -400 123,000 35 24 Parque Arauco Kennedy - Kennedy Phase Expansion CL Mixed use 2028 22,830 100% 22,830 1,600,000 66 64 Subtotal 67,830 66,164 296 138 Multifamily Type Country Format Entry Date1 Total GLA (sqm) % Ownership Owned GLA (sqm) Total Investment (local currency)² Total Investment (US$M) Remaining Investment (US$M) Project Calle 72 - Bogotá (132 units) Development CO Multifamily 2Q25 5,500 80% 4,400 51,000 13 0 Project La Mar - Lima (141 units) Development PE Multifamily 4Q25 7,700 80% 6,160 60,000 17 1 Project Calle 94 - Bogotá (158 units) Development CO Multifamily 4Q25 10,500 95% 9,975 107,000 27 1 Project Ciudad del Río - Medellín (310 units) Development CO Multifamily 1Q26 16,000 95% 15,200 109,000 28 4 Subtotal 39,700 35,735 85 6 Total 258,530 252,899 758 163 1. For acquisitions, the opening date indicates when the project became consolidated under Parque Arauco. 2. Projects in Chile in UF, in Peru in PEN Th, in Colombia in COP M. 3. In this first stage, we will not see a significant increase in the GLA, which will happen in the next phase of the project. Chile Peru Colombia 11% 39%24% 26% Multifamily Expansions Open Plaza Kennedy New Malls 59% 32% 9% 758 758
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PARQUE ARAUCO EARNINGS REPORT 263Q25 CAPEX deployment estimates in the following years 85% 12% 4% Expansions New Malls Multifamily US$ 163 M Remaining Investment Distribution of investment by project (US$M) Solid investment plan Our investment pipeline totals US$ 758 million, a historic figure for the company. Additionally, the excellent performance of the portfolio has allowed us to close the NFD/EBITDA leverage indicator at 5.6x despite recent acquisitions. This balance sheet strength gives us room to continue executing our growth pillar. Investment Pipeline (US$M) +4,4% 3,680 163 3,843 Investment Properties 3Q25 Remaining InvestmentForecasted Investment Properties 113 24 6161 Parque Arauco Kennedy Expansions MegaPlaza Independencia Masterplan Multifamily Arauco Premium Outlet Buin MegaPlaza Ica Masterplan Parque La Molina
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PARQUE ARAUCO EARNINGS REPORT 273Q25 Estimated Gross Leasable Area (GLA) to be added in the coming years 59% 10% 31% Expansions New Malls Multifamily 109,630 sqm to be added Distribution of GLA by project (sqm) Significant increase in leasable area We expect to close 2025 with the addition of the retail area of the Cerro Colorado Phase in Parque Arauco Kennedy, Multifamily La Mar in Lima, and Multifamily Calle 94 in Bogotá. GLA increase from the incorporations of projects (sqm) +8.2% Importante incremento de superficie arrendable 1,333,000 109,630 1,442,630 GLA 3Q25 GLA to incorporate GLA Forecast 58,230 34,200 11,000 6,600 -400 Parque Arauco Kennedy Expansions Multifamily Arauco Premium Outlet Buin MegaPlaza Ica Masterplan MegaPlaza Indpendencia Masterplan
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PARQUE ARAUCO EARNINGS REPORT 283Q25 Development: Parque Arauco Kennedy Cerro Colorado Phase The Cerro Colorado Phase includes an increase of ~35,400 sqm in GLA of Parque Arauco Kennedy between retail space and offices Parque Arauco Kennedy Expansion - Cerro Colorado Phase Cerro Colorado Phase US$ 49 Million (Cerro Colorado Phase) Phases Remaining investment % ownership 100% 1. Includes 2 underground floors dedicated to services, 3 floors of traditional retail, 1 floor of food court, and 1 floor of restaurants The Cerro Colorado Phase includes the demolition of the old Falabella store, construction of parking lots, 12,000 sqm of retail space, an office tower, and an attractive new main entrance that faces Parque Araucano. The retail area, which is set to open soon, is already more than 80% leased. This figure is above normal for an expansion, but to be expected for such an iconic asset. In addition, this new entrance will be located in front of the future Parque Araucano Metro station on the new Line 7, currently under development, which will improve the asset's connectivity. Format: Mixed use Opening Date Additional GLA Parking 2025 - Main entrance 2025 - 7 Retail Floors 2025 12.000 sqm Office Towers 2026 23.400 sqm
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PARQUE ARAUCO EARNINGS REPORT 293Q25 Development: Parque Arauco Kennedy Kennedy Phase Parque Arauco Kennedy Expansion - Kennedy Phase 414 Apartments Units First multifamily project in our portfolio of shopping centers, located in Parque Arauco Kennedy US$ 66 Million Total Investment 24-story residential building (floors 7 to 31) with 414 apartments, consisting of studio, 1-bedroom, and 2-bedroom units. The building will have excellent connectivity with access to Avenue Kennedy and the future Parque Araucano metro station on line 7. Designed with comfortable amenities on the 7th floor and a rooftop on the 31st floor, features typical of multifamily buildings. Pool Gym BBQ Area Sports Bar Restaurants Sky Bar Pet Spa Laundry Cowork 2028 Opening Date
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PARQUE ARAUCO EARNINGS REPORT 303Q25 Desarrollo: Parque Arauco Kennedy East We finalized the purchase of Open Plaza Kennedy, now known as Parque Arauco Kennedy East, consolidating our main asset, Parque Arauco Kennedy Parque Arauco Kennedy East US$ 181 million Format Total Investment Opening Date % Ownership GLA 100%Retail Q2 2025 70,000 sqm On April 17, we completed the acquisition of Open Plaza Kennedy for US$181 million. This strategic move consolidates both properties under the Parque Arauco brand, creating a unified shopping experience. Parque Arauco Kennedy East, located across from Parque Arauco Kennedy West, includes 54,500 sqm of commercial space and a 15,500 sqm Courtyard by Marriott hotel. With this acquisition, Parque Arauco Kennedy will have more than 430 stores, including key brands such as Tottus, Ikea, H&M, and Decathlon, expanding its total GLA to approximately 246,000 sqm (including the Cerro Colorado and Kennedy expansions).
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PARQUE ARAUCO EARNINGS REPORT 313Q25 Development: Arauco Premium Outlet Buin We announced the development of a new shopping center, Premium Outlet Buin, in Buin, Santiago New Outlet - Premium Outlet in Buin Retail US$ 25 Million Format Location Santiago, Chile GLATotal Investment Opening Date 2027 11.000 sqm We announced the development of a new outlet mall in the municipality of Buin, located in the southern part of the Metropolitan Region. Construction is scheduled to begin in late 2025, with an opening planned for mid-2027. The new outlet will have a large area of influence thanks to its privileged location, reaching not only the southern sector of the Metropolitan Region, where more than 3.5 million people reside, but also those who travel through or live in neighboring regions south of the capital. In addition, the area where it will be located has great potential for urban development. This will be Parque Arauco's fifth outlet in Chile and its ninth overall, including Chile, Peru, and Colombia.
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PARQUE ARAUCO EARNINGS REPORT 323Q25 Development: MegaPlaza Independencia We are improving our largest asset in Peru MegaPlaza Independencia reconversion Retail US$ 35 Million Format Location Lima, Peru GLA Total Investment Opening date 2027 % ownership -400 sqm 100% MegaPlaza Independencia opened in 2002 with 60,000 sqm of GLA and grew to 104,500 sqm, becoming the second largest asset in the company's portfolio and the most important asset in Peru in terms of EBITDA. During 2021, we made some improvements to the asset in terms of facelifting and visitor experience, improving common areas, facades, seating, and signage. The first phase of our reconversion seeks to enhance the asset by improving circulation, incorporating new commercial spaces, and balancing the commercial mix. In this way, we will create a new Telecom zone, create a gastronomic district that will replace our current food court, transform the central plaza with new green areas, and improve circulation on the second floor.
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PARQUE ARAUCO EARNINGS REPORT 333Q25 Development: MegaPlaza Ica We are expanding MegaPlaza Ica, our third largest asset in Peru MegaPlaza Ica Expansion Retail US$ 18 Million (phase 1) Format Location Peru Total Investment Zone Opening Date Aditional GLA Services and financial area 2023/2024 2.900 sqm Gym, Falabella Corridor and totem 2023 1.600 sqm Boulevard 2026 2.000 sqm Main stores
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PARQUE ARAUCO EARNINGS REPORT 343Q25 Desarrollo: Parque La Molina The second lifestyle shopping center, along with Larcomar New Shopping Center Retail US$ 63 Million Format Location Lima, Peru GLA Total investment Opening date 4Q24 % ownership 16.000 sqm 100% Composition • The project features an open architectural design that will bring together an attractive mix of major brands. It also includes a Falabella department store of approximately 2,300 sqm and a cinema. • The shopping center focuses especially on offering a wide variety of dining and entertainment options, as well as a gym, mid-sized stores, and smaller shops. Sustainability • The design of Parque La Molina includes measuring the carbon footprint of its construction, which allowed for the integration of decarbonization measures from the early stages. • In addition, the shopping center's design and construction reduce its environmental impact, as it features a bioclimatic system in common areas, green areas, energy efficiency, and recycling points, among other features, ensuring compliance with high environmental standards.
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PARQUE ARAUCO EARNINGS REPORT 353Q25 Desarrollo: Minka We completed the acquisition of Minka Shopping Center, the most important commercial asset in Callao, Lima, Peru New Shopping Center Lima, Peru 3Q 2025 Location We announced the acquisition of Multimercados Zonales S.A.C., owner of the Minka Shopping Center, for an enterprise value of USD 104 million. The shopping center spans 53,500 sqm of commercial space, (46,000 sqm of retail and 7,500 sqm of a traditional market), totalling more than 540 stores. Minka Shopping Center is located in the district of Callao, adjacent to Lima, a growing area with strong urban development potential. The asset is also strategically positioned near the access to the city’s new airport, which is projected to receive 30 million passengers annually. Additionally, it has direct access to the Costa Verde highway and excellent connectivity to downtown Lima. The shopping center includes supermarkets such as Metro, Vega, and Mayorsa, the Cinerama cinema, SmartFit gym, H&M store, and an outlet area with brands like Skechers, Puma, Nike, Adidas, and Prüne. Minka attracts over 18 million visitors annually, features 950 parking spaces, and has an occupancy rate of 97%. Incorporation Date USD 108 M Total Investment
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PARQUE ARAUCO EARNINGS REPORT 363Q25 Sustainability is one of Parque Arauco's four strategic pillars, reflecting our commitment to integrating a long-term vision into the way we conduct our activities. In this context, Parque Arauco has designed a strategy that prioritizes the following sustainability agenda objectives: Parque Arauco has established a Sustainable Financing Framework with the aim of connecting its financial strategy with its sustainability commitments. This aims to reinforce our healthy and competitive financial structure, in line with our mission to increase the profitability of our portfolio. Through this framework, we will issue financing instruments, such as Green, Social, or Sustainable bonds and loans, to support projects that not only promote sustainability and reduce environmental impact, but also contribute to the well-being of our communities. The Framework includes seven green categories: green buildings, renewable energy, energy efficiency, clean transportation, water and wastewater management, pollution prevention and control, and climate change adaptation. It also includes three social categories: access to essential services, strengthening SMEs, and developing sustainable infrastructure and cities. To ensure maximum confidence for our investors, our Framework is rigorously structured according to international best practices and principles, such as the principles of ICMA, LSTA, and LMA. Likewise, Parque Arauco will seek to align its financing with Chile's Taxonomy of Environmentally Sustainable Economic Activities (T-MAS). Purposeful and profitable financial strategy Case study: Sustainable Financing Framework Promoting projects that drive sustainable development in the region Parque Caracolí Gestión Ambiental Gestión Social Gobernanza
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PARQUE ARAUCO EARNINGS REPORT 373Q25 In September 2025, Parque Arauco successfully placed its first green bond. This issue, carried out in the Peruvian capital market, was part of a dual issue that raised a total of US$70 million, of which US$42 million were designated green bonds under our Sustainable Financing Framework. The offering generated significant interest during the offering period and at auction, closing with demand 2.2 times the maximum amount offered and at a very competitive interest rate. This demonstrates the market's strong confidence in the company's sustainability strategy. The funds from the green tranche will be used to finance projects with environmental excellence criteria, such as Parque La Molina, ensuring that our expansion in the region is intrinsically linked to efficiency and positive impact. Green Bond Key Indicators Rate VAC + 4.25% Term/Structure 15 years with an 8-year grace period Case study: Issuance of the first green bond in the retail real estate sector in South America Symbol of leadership in sustainable growth Spread* 0.26% (*) Assumes an implied inflation rate of 2.75%
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PARQUE ARAUCO EARNINGS REPORT 383Q25 Incorporation of new organizational capabilities New Organizational Structure New Operating Model Support functions more centralized in the Corporate team Moving toward a simpler and more agile decision-making process Chief Executive Officer Eduardo Pérez Marchant Chief Investment Office Rafael Labarca Chief Financial Officer Francisco Moyano Chief Legal Officer Duncan Grob Chief People Officer Carolina Galletti Chief Operational Officer Nicolás Bennett Chief Technology Officer Francisco Letelier Chief Strategy & Value Officer Nicolás González CEO Chile Division Andrés Torrealba CEO Peru Division Alejandro Camino CEO Colombia Division Cristián Calcutta Chile Business Partner Perú Colombia Chile Business Partner Perú Colombia Creation of the Strategy & Value Department. Strengthening of the Technology and Digital Transformation Department. This will enable progress toward greater specialization and more robust, cross-functional processes. Business functions at the divisional level will have greater autonomy in day-to-day matters and will work alongside Corporate on transformational issues. Chief Accounting and Auditing Officer Miguel Núñez
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PARQUE ARAUCO EARNINGS REPORT 393Q25 Marketing We continue to work on developing unique activities and experiences for our customers Children's Day, celebrated annually on the third Sunday in August, continues to be a very important date in the marketing calendar for our shopping centers. For this reason, in the Peru division, we generated various activations aimed at families in our main assets, achieving significant results: At MegaPlaza Independencia, we held MegaGymkana, which saw a +43% increase in foot traffic during the event compared to the usual Sunday trend. At MegaPlaza Ica, the children's show with Rosangela generated a +5.5% increase compared to the previous year and +53% compared to the previous Saturday, also achieving a 100% satisfaction rating in customer surveys. Similarly, at MegaPlaza Chimbote, the children's show with Rosangela generated an increase of +47% compared to the same date last year and +14% compared to the same day last year, with a CSAT of 87%. Finally, at MegaPlaza Cajamarca, a children's show was held that obtained a +20% increase in foot traffic compared to the previous year, with a CSAT of 93%. The "Toy Story: 30 Years and Beyond" experience, developed in partnership with Disney and presented on tour at four shopping centers in Colombia, aimed to create a space for emotional connection with our visitors in a family experience. In Q3, we completed the tour that took place at Parque Fabricato, Parque Alegra, Parque la Colina, and Parque Arboleda, as part of the family entertainment strategy and component. The results: more than 6.2 million people visited the shopping centers, exceeding the goal by +3% and registering +9% growth compared to 2024. More than 90,000 customers actively participated in the experience, adding more than 40,000 new unique customers to our database and significantly strengthening our relationship and loyalty initiatives. The activity stood out as an immersive, completely free, and exclusive experience in Colombia, designed to relive childhood, create new memories, and strengthen family and friendship ties, connecting with the public through the power of nostalgia and fun. The 2025 winter holidays brought a big surprise for our customers, with a new version of Paw Patrol's "Encuentro de Patas" (Paw Patrol Meet & Greet) , this time with a Bahía Aventura square, where children could visit the iconic scenes from their cartoons and play in the different activities offered by the circuit, such as the Watch Tower, the town hall, and a big meet & greet at the end of the circuit with their favorite characters. This plaza was open from June 19 to July 13 at Parque Arauco and Arauco Maipú, where the total number of participants in the activity at both malls was 25,512, adding more than 10,100 new contacts to our database of unique customers, obtaining a CSAT of 90% at Arauco Maipú and 85% at Parque Arauco. To complement the experience and bring the activity to the new east building of Parque Arauco, six episodes of the PAW PATROL series were shown free of charge to all our customers.
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PARQUE ARAUCO EARNINGS REPORT 403Q25 Client Experience and Innovation We continue to develop initiatives and services that improve the experience of our end customers and tenants Together with our partner "The Hub," we opened a new Dark Store in Parque La Molina , making it our third in Peru and sixth in the region. This state-of-the-art Dark Store is designed to handle more than 5,000 orders per month, taking our omnichannel offering to the next level thanks to the implementation of OMS, WMS, and TMS systems, ensuring ultra-efficient management for key services such as PickUp, Micro Fulfillment, and Delivery in express, same- day, and next-day modes. We continue to strengthen our value proposition for strategic brands such as Casa Ideas, Olva, and Nespresso, which already operate at this new location. We have incorporated the "Pickit" service into our "Arauco PickUp" points in Chile and Peru. Pickit is a logistics operator that offers PickUp points to brands such as Nike, Gotta, and Intime, among others. This alliance with Pickit allows us to expand the reach of this service through the use of our strategic locations in three of our assets in Chile and five in Peru, representing an opportunity to attract new customers to our shopping centers, generating an increase in traffic and sales from users of our Arauco PickUp & Delivery services. In Chile, we have also entered into a strategic alliance with Guardamos Tu Pedido, whereby Argentine tourists visiting Chile can store their purchases in Guardamos Tu Pedido's warehouses and later pick them up at our Arauco PickUp & Delivery point in our Parque Arauco shopping center. During the third quarter of 2025, we entered into a strategic alliance in Peru with our partners OLVA and The Hub to integrate e-commerce logistics with physical retail. This alliance was made possible by setting up a network of omnichannel service points in our shopping centers, which facilitates the reception, storage, and delivery of orders for our end customers through options such as PickUp or Última Milla. This initiative propels us to the next level of physical-digital integration, allowing our brands to better develop their omnichannel strategies while enhancing the experience of our end customers.
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PARQUE ARAUCO EARNINGS REPORT 413Q25 Sustainability We highlight the main sustainability milestones in ESG matters We once again obtained an "A" rating in the 2025 GRESB Public Disclosure Report and continue to be leaders in our peer group The GRESB Public Disclosure Report is a rigorous and crucial assessment for the real estate and construction sector, as it focuses on publicly disclosed ESG information. This year, we maintained our leadership position in our peer group, which is made up of seven companies and serves as a key benchmark for measuring our transparency and governance practices. We inaugurated new electric car charging points at Arauco Estación We continue to advance our commitment to promoting more sustainable urban mobility through the implementation of the electric charging hub at Arauco Estación, developed in collaboration with Copec Voltex and Tucar, which has 106 semi- fast chargers capable of simultaneously supplying more than a hundred electric vehicles. This center is now the second largest in Latin America, surpassed only by the "Green Park" at Parque Arauco Kennedy, which operates with 170 JuiceBox socket chargers managed by Enel X Way. The company has deployed a total of 276 charging points for electric vehicles in its shopping centers in Chile. CLICC Awards: Gold in the "Best Practice in Sustainability" category We were the most awarded shopping center company in Latin America at the 2025 CLICC Awards (Latin American Chamber of the Shopping Center Industry), receiving a total of six awards. We won gold for "Best Sustainability Practice" by integrating ESG criteria throughout our management, promoting renewable energy, sustainable construction, and partnerships for decarbonization.
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PARQUE ARAUCO EARNINGS REPORT 423Q25 Market risk analysis MegaPlaza Ica The following are potential risks that the Company may face: • Interest rates in the countries where we operate could rise, causing the value of our assets to fall, making our financial liabilities more expensive and increasing our financing cost for new projects, expansions and improvements. Likewise, there are financial risks related to inflation, customer credit risk and liquidity. To mitigate this risk, the Company seeks to match the duration of its financial debt with the average term of the lease agreements for its assets. • There is a risk of equity value decreasing, as well as our financial expenses increasing, lowering our results and return on projects. Despite raising capital in the past in order to stay true to our financing policies, it is not possible to assure an increase in financial expenses can be offset by this measure. In order to partially mitigate this risk, we seek to maintain a sufficient level of liquidity for the continuity of the Company, considering different scenarios. • Economic and market conditions could adversely impact our operations, causing sales to fall, lowering our results. To mitigate this risk, we analyze the level of liquidity needed to maintain operations. Additionally, we have diversified our business geographically and have invested in different types of assets, including outlets and non-retail real estate projects, although they are still a small part of our portfolio. • We operate our shopping centers in a competitive environment, which could lead to an over-supply of shopping centers and, as a result, diminished revenue. In relation to this risk, we seek to consider the attractiveness of each project in general terms, trying to analyze its competitive factors. In addition, we work to keep our assets up-to-date and safe, with the aim of generating value for our tenants. • Although physical sales still play a key role, online sales are becoming more and more important. There is a risk of shopping center sales falling as a result of e-commerce, which is why we have diversified into different formats, including outlets and other non-retail projects, although still representing a small portion of our portfolio. We also pay special attention to the mix of tenants that we have in our malls. In addition, we have implemented various initiatives through digital platforms and alliances with last- mile operators, to support our tenants with their participation in online sales channels. • The risk from the occurrence of a disease spreading internationally or attacking the majority of individuals in a locality or region. As the disease has widespread propagation for an extended period of time, and necessarily would reduce people’s mobility and increase social distancing in order to combat it, it could lead to the total or partial closure of shopping establishments and an economic recession. Consequently, the Company’s results may be affected by the possible total or partial closure of its assets, the decrease in sales, decrease in occupancy due to the lower activity and/or our tenants’ having financial problems, increase in costs due to preventive measures, increase in financial expenses, financial risk in general and access to capital markets, relevant increase in delinquency and risk of increasing bad debt, in addition to a series of effects resulting from this scenario. On the other hand, these scenarios increase uncertainty, which results in the risk of incorrectly analyzing and evaluating the real situation the Company is facing, as well as our relationships with tenants and suppliers. The Company's current liquidity and cash position mitigate this risk, as does diversification efforts both geographically and across asset classes.
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PARQUE ARAUCO EARNINGS REPORT 433Q25 Market risk analysis Parque Fabricato • Environmental risks, such as global warming and climate change, may result in droughts and floods that affect our energy and water networks, in particular the prices of basic resources such as water and electricity. Likewise, such risks could result, in the long-term, migratory effects which could impact zones where our assets are located. These risks have not been fully measured, as a result it is not possible to quantify its effects, even though this estimated that they could generate significant impacts. Faced with this risk, we measure and manage energy, water, waste and emissions indicators in our shopping centers through an environmental management model applied to our portfolio in the three countries in which we operate, seeking to develop initiatives that reduce the impact of this risk on the company. • Changes in the regulatory, security and/or sociopolitical conditions in the countries where the Company operates could affect its financial results, as well as the value of its real estate assets and its ability to send or receive funds to or from abroad. States and regulatory entities influence through changes to tax, labor, environmental and urban regulations, as well as through adjustments to monetary policies, public spending, among other aspects that may affect macroeconomic stability. As a result, the social and security conditions as well as the aforementioned changes could have an impact on operations, profitability of current and future projects, affect savings and cash flows to pay for investments, and extend project development times, among others. • Additionally, there are risks of social unrest, natural disasters, such as earthquakes or fires, mutiny, looting, cyber-attacks, interruptions in the supply chains of goods and essential health services, food and/or others, which could generate specific or massive material damage in our portfolio and/or activities. • Recent phenomena such as the Covid-19 pandemic, political and social unrest in some markets where we operate, among others, not only make us think the risk levels of this factors have increased significantly, but in general, because of these or other events that may occur in the future, levels of uncertainty are much higher than what was thought to exist some time ago, which is why investors should be conscious of them and make their own evaluations. • These systemic risks are mitigated in part by seeking to have the necessary liquidity to face situations of financial difficulties, as well as increasing the diversification of the company, both geographically and in different real estate uses, which could, in part, contribute to reducing the impact of these risks in the Company.
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PARQUE ARAUCO EARNINGS REPORT 443Q25 Consolidated Financial Statements | Income Statement Consolidated Income Statement (M Ch$) 3Q25 3Q24 Chg(%) LTM 3Q25 LTM 3Q24 Chg(%) Revenues 95,199 76,239 24.9 % 358,104 306,217 16.9 % Cost of sales (19,787) (14,967) 32.2 % (70,730) (60,044) 17.8 % Gross Profit 75,412 61,272 23.1 % 287,374 246,173 16.7 % Administrative expenses (6,776) (7,346) (7.8) % (29,777) (30,422) (2.1) % Estimated income (loss) due to impairments of accounts receivable in accordance with IFRS 9 (850) (675) 26.1 % (2,553) (4,499) (43.2) % Other gains, by function 290 1,207 (76.0) % 60,603 56,029 8.2 % Other losses, by function (2,261) (1,213) 86.5 % (12,159) (13,151) (7.5) % Operational results 65,814 53,246 23.6 % 303,489 254,130 19.4 % Financial income 3,343 6,863 (51.3) % 23,029 30,681 (24.9) % Financial expenses (17,481) (16,270) 7.4 % (63,855) (68,018) (6.1) % Income (loss) from affiliates 3,323 3,223 3.1 % 22,578 19,865 13.7 % Foreign exchange differences 57 (150) N/A (37) (322) (88.5) % Income (loss) for indexed assets and liabilities (7,761) (10,597) (26.8) % (49,247) (47,162) 4.4 % Profit before income tax 47,296 36,314 30.2 % 235,958 189,174 24.7 % Current taxes (8,131) (5,482) 48.3 % (36,459) (24,411) 49.4 % Deferred taxes (3,544) (2,894) 22.5 % (31,215) (25,780) 21.1 % Net profit (loss) 35,621 27,938 27.5 % 168,284 138,984 21.1 % Net profit (loss) attributable to: Equity holders of the company 26,641 20,773 28.2 % 134,203 114,823 16.9 % Non-controlling interests 8,980 7,165 25.3 % 34,082 24,160 41.1 % Parque Pisco
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PARQUE ARAUCO EARNINGS REPORT 453Q25 Assets (M Ch$) 30.09.2025 31.12.2024 Current assets Cash and cash equivalents 131,749 387,091 Other current financial assets 2,399 53,666 Other current non-financial assets 70,322 39,914 Trade accounts receivable and other receivables 26,407 29,228 Accounts receivable from related companies 37 95 Current tax receivable 14,843 10,476 Non-current assets held for sale 8,884 7,566 Total current assets 254,641 528,036 Non-current assets Other non-current financial assets 119,267 96,228 Other non-current non-financial assets 18,373 28,018 Non-current accounts receivable 1,487 1,458 Non-current accounts receivable to related entities 0 0 Investments in affiliates 194,551 186,245 Intangible assets excluding surplus value 18,589 16,742 Surplus value 1,966 1,264 Property, plant and equipment 20,213 13,954 Investment properties 3,533,378 3,042,457 Deferred tax assets 16,258 15,415 Right of use assets 931 662 Current tax assets, non-current 7,510 0 Total non-current assets 3,932,522 3,402,443 Total assets 4,187,163 3,930,480 Consolidated Financial Statements | Balance Sheet Equity and liabilities (M Ch$) 30.09.2025 31.12.2024 Current liabilities Other current financial liabilities 141,720 187,477 Commercial credits and other accounts payable 52,507 73,765 Accounts payable to related companies 410 498 Current provisions 1,036 1,296 Current tax liabilities 6,412 8,363 Current provisions for employees 12,104 12,251 Other current non-financial liabilities 18,606 10,339 Current lease liabilities 2,659 2,372 Total current liabilities 235,453 296,360 Non-current liabilities Other non-current financial liabilities 1,554,236 1,394,283 Deferred tax liabilities 375,713 340,429 Non-current provisions for employees 3,478 1,461 Other non-current non-financial liabilities 33,953 27,016 Non-current lease liabilities 82,894 82,883 Total non-current liabilities 2,050,274 1,846,072 Total liabilities 2,285,727 2,142,432 Equity Issue share capital 423,575 423,575 Accumulated earnings (losses) 897,882 853,994 Premium on new issued shares 289 289 Other reserves 241,214 186,599 Equity attributable to shareholders of the company 1,562,960 1,464,458 Minority interest 338,476 323,590 Total equity 1,901,437 1,788,047 Total equity and liabilities 4,187,163 3,930,480 Parque Fabricato
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PARQUE ARAUCO EARNINGS REPORT 463Q25 Consolidated Financial Statements | Direct Cash Flow Statement M Ch$ 3Q25 3Q24 Chg(%) LTM 3Q25 LTM 3Q24 Chg(%) Receipts from sales of goods and services 145,879 113,850 28.1 % 553,236 467,769 18.3 % Payments to suppliers for goods and services (47,539) (33,135) 43.5 % (167,054) (143,653) 16.3 % Payments on behalf of employees (9,580) (7,288) 31.5 % (42,563) (33,813) 25.9 % Income taxes refunded (paid) (5,740) (2,857) 100.9 % (26,863) (23,838) 12.7 % Other inputs (outputs) in cash (13,531) (14,118) (4.2) % (65,041) (43,828) 48.4 % Net cash flow from operating activities 69,489 56,451 23.1 % 251,715 222,637 13.1 % Cash flows used for acquiring subsidiaries or other businesses 533 (8) (100.0) % 367 (25,513) N/A Cash flows used in the purchase of non-controlling interests 0 (13,152) N/A (1,130) (13,152) (91.4) % Other collections from the sale of interests in joint ventures, classified as investing activities (74,047) 0 N/A (39,404) 0 N/A Interests received 8,745 9,974 (12.3) % 25,951 34,284 (24.3) % Purchase of property, plant and equipment (725) (1,018) (28.8) % (7,911) (1,159) 582.6 % Purchase of intangible assets (2,102) (201) 943.7 % (3,626) (3,626) — % Dividends received 225 7,073 (96.8) % 12,293 7,073 73.8 % Purchase of other long-term assets (35,364) (22,305) 58.5 % (363,649) (139,810) 160.1 % Other inputs (outputs) of cash, classified as investment activities 4,183 8,934 (53.2) % (118,662) 9,088 N/A Net cash flow from investment activities (98,552) (10,704) 820.7 % (495,770) (132,814) 273.3 % Parque Arboleda
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PARQUE ARAUCO EARNINGS REPORT 473Q25 Estados financieros consolidados | Estado de Flujo de Efectivo Directo M Ch$ 3Q25 3Q24 Chg(%) LTM 3Q25 LTM 3Q24 Chg(%) Proceeds from changes in ownership interests in subsidiaries that do not result in a loss of control 0 0 N/A 0 0 N/A Payments from changes in ownership interests in subsidiaries that do not result in a loss of control 0 0 N/A 0 0 N/A Share issuance 4 0 N/A 2,921 2,450 19.2 % Proceeds from long-term debt 0 0 N/A 91,565 13,566 575.0 % Proceeds from shot-term debt 7,232 10,310 (29.8) % 146,518 41,202 255.6 % Total proceeds from loans 7,232 10,310 (29.8) % 238,082 54,767 334.7 % Cash flow from issuance of public debt 64,133 0 N/A 177,532 110,741 60.3 % Payments from issuance of public debt 0 (5,787) (100.0) % (74,739) (8,195) 812.0 % Loan payments (73,194) (45,485) 60.9 % (228,216) (90,593) 151.9 % Settlement of hedging instruments 0 0 N/A 18,702 4,950 277.8 % Financial leasing payments (96) (648) (85.2) % (2,559) (2,541) 0.7 % Dividends paid (22,681) (14,718) 54.1 % (79,493) (74,580) 6.6 % Interest paid (23,310) (22,713) 2.6 % (70,909) (69,604) 1.9 % Taxes on gains, classified as financing activities 0 0 N/A 0 0 N/A Other inputs (outputs) in cash (1) (3) (79.3) % (20) (272) (92.7) % Net cash flow from financing activities (47,913) (79,043) (39.4) % (18,698) (72,878) (74.3) % Net increase (decrease) in cash and cash equivalents (76,976) (33,296) 131.2 % (262,753) 16,945 N/A Effects of variation in the exchange rate on cash and cash equivalents 4,992 (3,688) N/A 9,609 (627) N/A Increase (decrease) in net cash and cash equivalent (71,984) (36,984) 94.6 % (253,144) 16,318 N/A Cash and cash equivalents at beginning of period 203,733 421,877 (51.7) % 384,893 368,574 4.4 % Cash and cash equivalents at end of period 131,749 384,893 (65.8) % 131,749 384,893 (65.8) % Parque Arauco Kennedy
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PARQUE ARAUCO EARNINGS REPORT 483Q25 Glossary Adjusted EBITDA margin: Pro forma EBITDA margin that eliminates the effect of simplified rent to facilitate comparison with periods without simplified rent Adjusted FFO - Adjusted Funds From Operations: EBITDA + Financial Income + Financial Expenses + Current Taxes + Income (loss) for indexed assets and liabilities + FFO from related companies Controlling FFO: FFO attributable to the shareholders of the company EBITDA - Earnings Before Income Tax Depreciation and Amortization: Revenues + Cost of Sales + Administration Expenses - Depreciation and Amortization EBITDA- Earnings before Income Tax Depreciation and Amortization: Revenues - Cost of Sales - Administrative Expenses + Estimated income (loss) due to impairments of accounts receivable in accordance with IFRS 9 + Depreciation and Amortization EBITDA margin: EBITDA divided by revenues Enterprise Value = Market Cap + NFD + Non-Controlling Interest - Projects in Progress - Land - Other Assets + Other Liabilities + Marina's Own Enterprise Value EPS: Earnings Per Share: Net income attributable to the equity holders of the company/weighted average number of shares outstanding FFO - Funds From Operations: EBITDA + Financial Income + Financial Expenses + Current Taxes + FFO from related companies FFO Margin: FFO / revenues GLA - Gross Leasable Area: Equivalent to the sum of the areas available for lease Greenfield Projects: Organic development of new shopping centers Landbank: Land held by the company for future development LTM: Refers to information from the last twelve months Monthly Revenues / sqm: Monthly revenues divided by revenue-generating GLA during the month Monthly Sales / sqm: Monthly tenant sales divided by sales generating GLA during the month Neighborhood Mall: A shopping mall with a GLA between 6,000 and 20,000 sqm Net income margin: Net profit divided by revenues Net Financial Debt: Gross Financial Debt - Cash and Cash Equivalents - Investments in Fixed Income (as per note 6 of the Financial Statements) NOI - Net Operating Income : Revenues - Cost of Sales - Administration Expenses + Depreciation & Amortization + Associates accounted NOI Occupancy: GLA paying rent divided by total GLA Occupancy cost: Minimum rent, plus variable rent, plus common expenses, plus a promotion fund tenants pay Parque Arauco divided by the sales of the tenant Owned GLA: Total GLA weighted by Parque Arauco’s interest in the mall Pipeline: Greenfield and expansion projects under development Premium Outlet: Shopping center located in the main urban areas of the country, which has a value proposition for end customers of premium brands at discount prices, and a value proposition for tenant customers of lower margin and higher volume Regional Mall: A shopping mall with a GLA over 20,000 sqm SAR - Same Area Rent : Percentage change in rent collected in the leasable areas that had leases in both compared periods SAS -Same Area Sales: Percentage change in reported sales in the leased areas that had sales in both compared periods Simplified Rent: All-in lease rate that covers rent, common expenses, and promotion fund in a single payment Strip Center: A shopping center with a GLA less than 6,000 sqm Tenant Sales: Tenant sales of the consolidated assets UF - Unidad de Fomento: Unit of currency used in Chile. Its value in CLP is adjusted daily. Its adjustment factor corresponds to the geometric average of the change in the monthly Consumer Price Index (CPI). The effect on results from the variation of the UF in assets and liabilities is included in the line Income (loss) for indexed assets and liabilities in the Income Statement
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PARQUE ARAUCO EARNINGS REPORT 493Q25 Asset Groupings Arauco Outlets • Arauco Premium Outlet Buenaventura • Arauco Premium Outlet Coquimbo • Arauco Premium Outlet Curauma • Arauco Premium Outlet San Pedro Arauco Express • Arauco Express Antofagasta (Strip Centers - Chile) • Arauco Express Boulevard Ciudad Empresarial • Arauco Express Calama • Arauco Express Ciudad Empresarial • Arauco Express Colón • Arauco Express El Carmen de Huechuraba • Arauco Express El Peñón • Arauco Express Irarrázaval • Arauco Express La Reina • Arauco Express Las Brujas • Arauco Express Luis Pasteur • Arauco Express Manuel Montt • Arauco Express Pajaritos • Arauco Express Palmares • Arauco Express Recoleta • Arauco Express Rosario Other Assets - Chile • Parque Angamos • Puerto Nuevo Antofagasta Arauco Outlets • Outlet Arauco Arequipa • Outlet Arauco Faucett • Outlet Arauco Lurín Viamix • Viamix Chorrillos (Strip Centers - Peru) • Viamix Colonial • Viamix Las Malvinas Other Assets - Peru • MegaPlaza Barranca • MegaPlaza Chincha • MegaPlaza Chorrillos • MegaPlaza Huaral • MegaPlaza Jaén • MegaPlaza Villa El Salvador • MegaPlaza Villa El Salvador II Multifamilies • LiveSpace Concón (Chile) • LiveSpace Mitjans (Chile) • LiveSpace Calle 72 (Colombia)