Magazine Luiza S A : Dados Econômico-Financeiros

ITR - Quarterly Information September 30, 2022

Quarterly Information

September 30, 2022

Contents

Independent auditor's report on quarterly information	1
Statements of financial position	3
Statements of profit or loss	5
Statements of comprehensive income	6
Statements of changes in equity	7
Statements of cash flows	8
Statements of value added	9
Notes to quarterly information	10

São Paulo Corporate Towers

Av. Presidente Juscelino Kubitschek, 1,909

6º ao 10º andar - Vila Nova Conceição

04543-011 - São Paulo - SP - Brasil

Tel: [phone] ey.com.br

A free translation from Portuguese into English of Independent Auditor's Report on Review of quarterly information prepared in Brazilian currency in accordance with NBC TG 21 and IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB)

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Independent auditor's report on review of quarterly information (ITR)

To the Shareholders, Board of Directors and Officers

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 Form (ITR) for the quarter ended September 30, 2022, which comprises the statement of financial position as at September 30, 2022 and the related statements of profit or loss, of comprehensive income, of changes in equity, and of cash flows for the nine-month period then ended, including explanatory information.

The executive board is responsible for preparation of the individual and consolidated interim financial information in accordance with NBC TG 21 and IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), as well as for the fair presentation of this information in conformity with the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of Quarterly Information (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and International Standards on Review Engagements (NBC TR 2410 and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with auditing standards 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.

Conclusion on the individual and consolidated interim financial information

Based on our review, nothing has come to our attention that causes 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 NBC TG 21 and IAS 34 applicable to the preparation of Quarterly Information (ITR), and presented consistently with the rules issued by the CVM.

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Uma empresa-membro da Ernst & Young Global Limited

Other matters

Statements of value added

The quarterly information referred to above includes the individual and consolidated statements of value added (SVA) for the nine-month period ended September 30, 2022, prepared under the responsibility of the Company's executive board, and presented as supplementary information for IAS 34 purposes. These statements were subject to review procedures conducted jointly with the review of the quarterly information for the purpose of concluding whether they are reconciled with the interim financial information and accounting records, as applicable, and whether their form and content are in accordance with the criteria defined in NBC TG 09 - Statement of Value Added. Based on our review, nothing has come to our attention that causes us to believe that these statements of value added were not prepared, in all material respects, pursuant to such standard and consistently with the individual and consolidated interim financial information taken as a whole.

Audit and review of corresponding figures

The audit of the individual and consolidated statements of financial position as at September 30, 2021 and review of the individual and consolidated statements of profit or loss and of comprehensive income for the three- and nine-month periods ended September 30, 2021 and of changes in equity, of cash flows and of value added for the nine-month period then ended, presented for comparison purposes, were conducted under the responsibility of other independent auditors, who issued an audit report and a review report without modifications, dated March 14, 2022 and November 11, 2021, respectively.

São Paulo, November 10, 2022.

ERNST & YOUNG

Auditores Independentes S.S.

CRC-2SP034519/O-6

Alexandre Rubio

Accountant CRC-1SP223361/O-2

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Quarterly Information

September 30, 2022

A free translation from Portuguese into English of quarterly information prepared in Brazilian currency in accordance with NBC TG 21 and IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB)

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Magazine Luiza S.A.

Statements of financial position at September 30, 2022 and December 31, 2021

(In thousands of reais - R$)

	Note
Assets
Current assets
Cash and cash equivalents	5
Marketable securities	6
Trade accounts receivable	7
Inventories	8
Accounts receivable from related parties	9
Taxes recoverable	10
Income and social contribution taxes recoverable	11
Other current assets
Total current assets
Noncurrent assets
Trade accounts receivable	7
Taxes recoverable	10
Deferred income and social contribution taxes	11
Judicial deposits	22
Other noncurrent assets
Long-term receivables
Investments in subsidiaries	12
Investments in jointly-controlled entities	13
Rights of use - leases	14
Property and equipment	15
Intangible assets	16

Total noncurrent assets

Individual	Consolidated
09/30/2022	12/31/2021	09/30/2022	12/31/2021
774,394	1,458,754	1,812,210	2,566,218
293,885	1,556,211	293,885	1,556,371
3,563,689	3,928,531	5,486,042	5,650,759
7,197,030	7,873,544	8,471,338	9,112,214
3,175,414	4,201,742	2,528,368	3,707,284
1,286,087	1,151,721	1,502,515	1,279,257
235,051	205,312	285,087	234,886
174,289	136,516	342,515	402,821
16,699,839	20,512,331	20,721,960	24,509,810
15,495	17,351	15,495	17,351
1,883,760	1,408,706	1,971,128	1,551,556
1,418,504	874,232	1,468,616	915,111
1,111,690	935,329	1,511,638	1,189,894
105,983	175,902	115,010	184,816
4,535,432	3,411,520	5,081,887	3,858,728
4,428,658	4,099,575	-	-
360,485	407,780	360,485	407,780
3,383,060	3,324,747	3,425,890	3,362,998
1,802,262	1,777,788	1,979,768	1,938,713
854,427	728,998	4,406,414	4,306,587
10,828,892	10,338,888	10,172,557	10,016,078
15,364,324	13,750,408	15,254,444	13,874,806

Total assets	32,064,163	34,262,739	35,976,404	38,384,616

See accompanying notes.

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