Multiplan Empreendimentos Imobiliarios S A : 2021 Annual Report

2021 Annual

Report

Legal Disclaimer

This document may contain prospective statements and goals, which are subject to risks and uncertainties as they are based on expectations of the Company's management and on available information. The Company is under no obligation to update these statements. The words "anticipate", "wish", "expect", "foresee", "intend", "plan", "predict", "forecast", "aim" and similar words are intended to identify these statements.

The Company clarifies that it does not disclose projections and/or estimates under the terms of article 21 of CVM Resolution 80/22 and, therefore, eventual forward-looking statements do not represent any guidance or promise of future performance.

Forward-looking statements refer to future events which may or may not occur. Our future financial situation, operating results, market share and competitive position may differ substantially from those expressed or suggested by these forward-looking statements. Many factors and values that may impact these results are beyond the Company's ability to control. The reader/investor should not make a decision to invest in Multiplan shares based exclusively on the data disclosed in this presentation.

This document also contains information on future projects which could differ materially due to market conditions, changes in laws or government policies, changes in operational conditions and costs, changes in project schedules, operating performance, demands by tenants and consumers, commercial negotiations or other technical and economic factors. These projects may be altered in part or totally by the Company with no prior warning.

External auditors have not reviewed non-accounting information. In this presentation the Company has chosen to present the consolidated data from a managerial perspective, in line with the accounting practices excluding the CPC 19 (R2).

For more detailed information, please check our Financial Statements, Reference Form (Formulário de Referência) and other relevant information on our investor relations website ir.multiplan.com.br.

Unsponsored Depositary Receipt Programs

It has come to the attention of the Company that foreign banks have launched or intend to launch unsponsored depositary receipt programs, in the USA or in other countries, based on shares of the Company (the "Unsponsored Programs"), taking advantage of the fact that the Company's reports are usually published in English.

The Company, however, (i) is not involved in the Unsponsored Programs, (ii) ignores the terms and conditions of the Unsponsored Programs, (iii) has no relationship with potential investors in connection with the Unsponsored Programs, (iv) has not consented to the Unsponsored Programs in any way and assumes no responsibility in connection therewith. Moreover, the Company alerts that its financial statements are translated and also published in English solely in order to comply with Brazilian regulations, notably the requirement contained in item 6.2 of the Level 2 Corporate Governance Listing Rules of B3 S.A. - Brasil, Bolsa, Balcão, which is the market listing segment where the shares of the Company are listed and traded.

Although published in English, the Company's financial statements are prepared in accordance with Brazilian legislation, following Brazilian Generally Accepted Accounting Principles (BR GAAP), which may differ to the generally accepted accounting principles adopted in other countries.

Finally, the Company draws the attention of potential investors to article 51 of its bylaws, which expressly provides, in summary, that any dispute or controversy which may arise amongst the Company, its shareholders, board members, officers and members of the Fiscal Council (Conselho Fiscal) related to matters contemplated in such provision must be submitted to arbitration before the Câmara de Arbitragem do Mercado, in Brazil.

Therefore, in choosing to invest in any Unsponsored Program, the investor does so at its own risk and will also be subject to the provisions of article 51 of the Company's bylaws.

04

05

07

15

21

50

MESSAGE FROM

THE PRESIDENT

RESUMPTION OF

OPERATIONS

MULTIPLAN

FINANCIAL HIGHLIGHTS AND RESULTS

MULTIPLAN'S PIONEERING STORY

CORPORATE

GOVERNANCE

55

66

77

79

89

91

PUBLIC RELATIONS

ENVIRONMENT

ABOUT THE

REPORT

GRI STANDARDS CONTENT SUMMARY

SASB CONTENT INDEX

CREDITS

ParkShopping Canoas

Message from the President

GRI 102-14, GRI 102-15

In the last year, Multiplan was able to face the challenges that arose, knowing how to adapt to the moment. We created opportunities and achieved good results!

JOSÉ ISAAC PERES

Chief Executive Officer

Message from the President

Resumption of operations

Multiplan

Financial highlights and results

In 2021, Multiplan faced the challenges that arose, knowing how to adapt to the situation still being experienced. We created opportunities and achieved good results. We are pleased to present them to our public in this Report.

We managed to overcome the barriers created by the pandemic, identifying a return to the growth of sales and revenues of our projects. In the fourth quarter of the year, when the malls resumed their full opening hours, store sales grew 8.1% compared to the same period in 2019, while net revenue increased by 21% and profit increased 50.1%.

Multiplan's attractiveness is based on high- quality developments in strategic locations, which offer innovation and convenience, forming genuine centers for meeting and energizing urban life.

With new technologies, we have also started to invest heavily in customer interaction through our Digital Business. The Multi

superapp, associated with the MultiVocê loyalty program, is a valuable tool in this path, enabling us to get to know the customer better in order to offer increasingly relevant products and services. The application was launched in 2019 and, by the end of 2021, it had almost 2 million downloads.

Instead of giving in to fears of a decline in retail, we have invested in ever stronger integration between face-to-face and digital, taking advantage of the central location of our malls. Most stores that are part of Multiplan malls already have their own e-commerce. However, we understand that the face-to-face model continues to prevail and e-commerce needs the consumer's perception of the product. Buying is desire, and impulse!

Indeed, the health crisis did not prevent us from delivering our 20th shopping center, ParkJacarepaguá, on November 19, 2021, in the West Zone of Rio de Janeiro. The development is a pioneering project, which

meets contemporary demands in a unique manner, with its focus on entertainment and green areas. With a simultaneously playful yet very complete proposal, the mall serves a region of 700 thousand inhabitants, improving the integration between commerce, services and leisure.

ParkJacarepaguá is also an example of sustainability and condominium efficiency. LED lighting saves about 20% in electricity. Furthermore, we have built our own effluent treatment plant that will save 35% on drinking water consumption. We also reuse rainwater for irrigating the beautiful landscaping. These measures have a positive impact on the preservation of the environment, reinforcing our commitment to best sustainability practices.

Another prominent project launched in 2021 was Golden Lake, a high-end planned residential neighborhood, adjacent to BarraShoppingSul, which occupies a surface of 160 thousand m2 in a prime area of

Porto Alegre, in front of the Guaíba river. This project represents and materializes Multiplan's advancement: from a shopping center concept focused on retail to that of true centers for socializing that energize urban life and value its surroundings, through a positive synergistic effect. In 2022, we started construction with more than 50% of sales completed.

But our pioneering spirit is not restricted to the art of building. Last year, we inaugurated the MultiSer Space at RibeirãoShopping, in Ribeirão Preto, the world's first Emotion Management Center located in a shopping center. Under the direction of Dr. Augusto Cury, a renowned psychiatrist, Multiplan continues to evolve towards the needs of society. With this space, we want to offer a place where people can feel fulfilled and welcomed, given the increased demand for psychological care due to the pandemic.

For 50 years, Multiplan has been part of the life of important cities in several Brazilian

regions, seeking to offer malls that stand out for their welcoming and innovative characteristics. Initially focused on retail, we then began incorporating leisure services, medical centers and, now, psychological treatments and support.

The feeling of isolation imposed by the health crisis faced in the last two years has increased the demand for socializing, an increasingly clear need for human beings. This context further underscores the importance of our philosophy: delivering more than expected. Making reality bigger than the dream, with commerce, leisure, services, health, culture and art. There are 190 million visits to our malls every year, which favor encounters and the fulfillment of multiple human needs.

Multiplan. Making your life better since 1974!

Multiplan's Pioneering Story

Corporate

Governance

Public relations

Environment

About the report

GRI Standards Content Summary

SASB

Content Index

Credits

• 2021

Annual Report

Resumption of operations

RibeirãoShopping