Pet Retail Market and Valuation Outlook

Foot Traffic: Our Goldilocks 27 Average Traffic What do we see that the market does not? What is the primary retail indicator? Some can say SSS. Others may say Sales/m², but we believe in the Average Traffic... Average Traffic 100 60 20 We decided to perform our analysis in several competitive scenarios, and megastores always win: Scenario 1: Outside São Paulo State (w/ Petz and Cobasi) Scenario 2: Outside São Paulo State (w/ Petz) 100 -371- Avg. Traffic 100 -16.69- MAKCENTE VASANTE ERGEMA SUL Avg. Traffic 60 80 CAIRO FORT 80 60 40 -372- 0 MEIRELE VICENTE PINZON -373- -374-10E : AMPFICA PICU -3.75-RES PUTING T 0 30 DE LOUNDER Paudy ⚫ Petz MANUEL ⚫ Cobasi ANTE Mom & Pop 0369 12 15 18 21 Time of Day -276-ge -3850 -38.49 -38.48 -39.46 -38.45 Longitude Scenario 3: Inside São Paulo State (w/ Petz and Cobasi) 2354 -23.55- -23.56- APEIA Average Traffic 40 20 CAMPUS ELISEOS OPE Avg. Traffic 100 Ca SANTA IFIGENI 50 BUAQUE RE No do Finebol IN REPUBLICA ARDIM 2357-STAND instlula Cos's ELO VISTA São Paulo BIXIGA LIBER Paky Nucl Cute f JARDINS JARDIM PAULISTARAISO ARDIM EUROPA Asses Emr 23.58- 0369 12 15 18 21 -45.00 +48.87 -46.60 Longitude 48.65 40.64 Time of Day ACLIM 25 Average Traffic ⚫ Petz ⚫ Cobasi 20 • Mom & Pop Latitude -15.70 ST BUENO MARIS Amen 30 -16.71- JARDIM AMERICA NOV. STEDRO LUDOVICO CONUA -15.72- 0 SERRINHA NEUTRA FARQUE AMAZONIA -16.73- JARDIM TLANTICO Law Chacnal CO JARDIM SANTO ANTONIO COM LiteREAPE таком PRUNEDES VILA BUL ⚫ Petz • Mom & Pop 0 3 6 9 12 15 18 21 Time of Day ONES -49.20 40 28 49.27 49.26 40.25 Longitude Scenario 4: Inside São Paulo State (w/ Petz) Latitude -2307- MADIM CONCEICAL CONCEICAOZ VICENTE DE TeplemntO CARVALHO CONCEICAOZINH VOCENTE DE Canya Ho PORTO UNTA -23.00- TA DA PRAIA 23.99- VILK LIGA -24.00- VLALUIS ANTONIO JARDIM XAB -24.01- Avg. Traffic 60 JADDIN DEAL 25 VILA MAIA Quaruja MARRA FLED Par 0 AUTORIAL Go 0 3 6 9 12 15 18 21 Time of Day -46.30 48.29 46.29 -45-27 4528 -48.25 Longitude Overview | Promissing Industry | Assertive Hub-and-Spoke Strategy | Expansion to Outpace | Healthy and Solid Ecosystem | ESG | Valuation & Risks Source: Google Cloud; R; Team 7 Petz • Mom & Pop

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