Investor Presentaiton

Leading Brands with Strong Identities and Coordinated Strategies Coordinated brand strategies: differentiation of consumer targets and store formats Raia DROGASIL 106 Years of History ➤ 49th most valuable brand in Brazil¹ Second in number of stores and fourth in revenue 76 Years of History ➤ 35th most valuable brand in Brazil¹ Fifth in number of stores and third in revenue Note: 1 ✓ Maintenance of existing customers who have a preference for a specific brand ✓ Addition of new customers by differentiating the value proposition of the brands Joint survey by ISTOÉ DINHEIRO and BrandAnalytics/Millward Brown, in 2011 + 19

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