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Investor Presentaiton

FINANCIAL LEVERAGE CONSOLIDATED 0.6x 698 Net Debt¹ & Net Debt/Adjusted EBITDA² Net Debt Evolution - ProForma (R$ million) (698) 512 (1,726) 4Q2I (265) (2,027) (1,018) 2,158 (990) 2.5x 2.3x 4Q21 ND Operational Generation CAPEX Interest Discontinued Activ. Hiper Dividends Discontinued 4Q22 ND Éxito 2,943 • 2,027 · GPA Brazil + Grupo Éxito Reinforcement of the financial structure: Reduction of R$ 0.9 billion of net debt in 4Q22 vs. 4Q2I proforma Brazil Solid cash position of R$ 3.8 billion, representing 3.7x of short-term gross debt of R$ 1.0 billion, R$ 0.5 billion refinanced by the new CRI issuance (debentures) Proper Net Debt¹/Adjusted EBITDA² level of 2.3x in 4Q22, considering Grupo Éxito discontinuity • 4Q2I Proforma Brazil³ 4Q22 Net Debt Adjusted EBITDA² Hypermarket: transaction 100% received, with net cash in of R$ 2.1 billion for debt reduction GPA 13 I - Includes not prepaid credit card portfolio; 2 - Adjusted EBITDA IFRS 16, accrued in the last 12 months. The Company does not consider the lease liabilities related to IFRS 16 when calculating the debt; 3- Disconsiders net debt and Grupo Éxito EBITDA;
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