Investor Presentaiton

Competitive Gains by Capturing Hard and Soft Synergies + Coordinated growth in existing markets Accelerated entry into new markets Gains from the selective closure of redundant stores ► Adoption of best practices in sales ► Proprietary PBM leveraging the existing corporate and institutional contracts of each company and obtaining new clients ► Sharing of existing product and promotional agreements ► Opportunities to develop a joint e-commerce platform Solid and flexible capital structure Potential use of shares, with enhanced liquidity, as a currency for acquisitions ▸ Experience in acquisitions and post- merger integration ► Leveraging of acquired assets by choosing from two brands in the absorption of each store Optimization of the Store Portfolio Raise the competitiveness Selected Acquisitions of our brands before consumers Efficiency Gains Revenue Growth Gross Margin Increase ► Adoption of the best purchasing conditions and gross margin policies ► Enhancement of trade allowances by applying best practices and revaluing promotional spaces ► Introduction of private label products by leveraging the combined scale Strengthening of the management team and of the combined management structure ► Logistics optimization through complementary DCs and by increasing the shipping density ► Integration of systems and processes, and application of best practices Dilution of corporate expenses and elimination of redundancies 22 24

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