Investor Presentaiton

FINANCIAL PERFORMANCE NEW GPA BRAZILI PROFORMA EBITDA and ADJUSTED MARGIN 8.4% 6.1% 368 297 4Q2I Adjusted EBITDA 4Q22 I - Considers equity equivalence results and adjustements of IFRS16 Adjusted EBITDA Margin 8.8% 1,427 7.0% 1,200 Adjusted EBITDA proforma totaled R$ 297 million in 4Q22 and the adjusted EBITDA margin reached 6.1%, vs. 8.4% in 4Q2I The margin reduction was impacted by the gross margin pressure, considering the double-digit inflation, besides partial passthrough to the sales price, partially offset by an efficiency gain in SG&A Selling, General and Administrative expenses has reduced 1.8% vs. 4Q21, representing 17.0% of net revenue, representing an efficiency gain of 220bps when compared to 4Q21 and 150bps vs 3Q22 In 2022 adjusted EBITDA proforma totaled R$ 1,2 billion, with adjusted EBITDA margin of 7.0% 2021 2022 GPA 9

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