Magazine Luiza S A : Dados Econômico-Financeiros

Interim Financial Information ‐ ITR

• Quarterly information June 30, 2020

(A translation of the original report in Portuguese containing financial statements prepared in accordance with the Accounting Practices adopted in Brazil)

Quarterly information

June 30, 2021

Contents

Independent auditor's report on review of the interim financial information	3
Balance sheets	5
Statements of income	7
Statements of comprehensive income	8
Statements of changes in shareholders' equity	9
Statements of cash flows	10
Statements of added value	11
Notes to the interim financial information	12

2

KPMG Auditores Independentes

Rua Arquiteto Olavo Redig de Campos, 105, 6º andar - Torre A 04711-904 - São Paulo/SP - Brazil

Caixa Postal 79518 - CEP 04707-970 - São Paulo/SP - Brazil Tel. [phone], Fax [phone] www.kpmg.com.br

Independent auditors' report on quarterly information

To the Shareholders, Board Members and Directors of

Magazine Luiza S.A.

Franca - SP

Introduction

We have reviewed the individual and consolidated interim financial information of Magazine Luiza S.A. ("Company"), contained in the Quarterly Information (ITR) Form for the quarter ended June 30, 2021, which comprises the balance sheet as of June 30, 2021 and related statements of income, comprehensive income for the 3 and 6-month period then ended, changes in shareholders' equity and of cash flows for the quarter then ended, including the explanatory notes.

The Company's Management is responsible for the preparation of the individual and consolidated interim financial information in accordance with CPC 21(R1) and International Standard IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), as well as for the presentation of this information in a manner consistent with the standards issued by the Brazilian Securities and Exchange Commission, applicable to the preparation of the Quarterly Information (ITR). Our responsibility is to express a conclusion on this individual and consolidated interim financial information based on our review.

Scope of the review

We conducted our review in accordance with the Brazilian and international review standards for interim information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim information consists in asking questions, chiefly to the persons in charge of financial and accounting affairs, and in applying analytical procedures and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Brazilian and International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

KPMG Auditores Independentes, a Brazilian entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.

3

Conclusion on the individual and consolidated interim information

Based on our review, we are not aware of any facts that would lead us to believe that the individual and consolidated interim financial information included in the quarterly information referred to above was not prepared, in all material respects, in accordance with CPC 21 (R1) and IAS 34, applicable to the preparation of Quarterly Information - ITR, and presented in a manner consistent with the standards issued by the Securities Commission.

Other matters - Statements of added value

The aforementioned interim quarterly information includes the individual and consolidated statements of added value for the six-month period ended June 30, 2021, prepared under responsibility of Company's Management, and presented as supplementary information for IAS 34 purposes. These statements have been subject to review procedures performed in conjunction with the review of the quarterly information, in order to determine whether they are reconciled with the interim financial information and book records, as applicable, and whether their form and content are in accordance with the criteria defined in Technical Pronouncement CPC 09 - Statement of Added Value. Based on our review, we are not aware of any facts that may lead us to believe that these statements of added value have not been prepared, in all material respects, in accordance with the criteria set forth in this Standard and consistently with respect to the individual and consolidated interim financial information taken as a whole.

São Paulo, August 12, 2021

KPMG Auditores Independentes

CRC 2SP014428/O-6

(Original in Portuguese signed by)

Marcelle Mayume Komukai

Accountant CRC 1SP249703/O-5

KPMG Auditores Independentes, a Brazilian entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.

4

Quarterly information

June 30, 2021

Magazine Luiza S.A.

Balance sheets at June 30, 2021 and December 31, 2020

(Amounts expressed in thousands of reais - R$)

		Note		Parent company	Consolidated
Assets			06/30/2021	12/31/2020	06/30/2021	12/31/2020
Current assets				697,878		1,288,341
Cash and cash equivalents	5		1,281,569	1,681,376
Securities	6		468,306	1,220,095	468,466	1,221,779
Accounts receivable	7		2,647,465	3,460,711	3,779,102	4,761,899
Inventories	8		6,996,980	5,459,037	7,496,866	5,927,236
Accounts receivable from related parties	9		1,952,075	2,661,364	1,747,212	2,329,648
Recoverable taxes	10		868,689	594,782	976,377	716,118
Other assets				143,093	121,925	236,727	160,754
Total current assets				13,774,486	14,799,483	15,993,091	16,798,810
Non-current assets				15,183		15,183
Accounts receivable	7		16,140	16,140
Recoverable taxes	10		626,937	740,927	680,235	787,934
Deferred income tax and social contribution	11		238,887	164,047	270,753	196,736
Judicial deposits	22		879,422	660,734	1,139,140	843,852
Other assets				5,297	3,703	7,730	6,333
Investments in subsidiaries	12		1,856,439	1,318,347	-	-
Investments in jointly-owned subsidiaries	13		411,734	386,725	411,734	386,725
Right-of-use of leases	14		2,908,416	2,441,539	2,945,565	2,465,514
Property, plant and equipment	15		1,376,019	1,171,758	1,460,834	1,258,162
Intangible assets	16		667,742	593,427	2,141,924	1,886,997
Total non-current assets				8,986,076	7,497,347	9,073,098	7,848,393

Total assets

22,760,562

22,296,830

25,066,189

24,647,203

See the accompanying notes to the interim financial information.

5