INSTITUTIONAL PRESENTATION

October 2021

LARGEST PURE PLAYER CASH & CARRY WITH CONSISTENT GROWTH

Retail Leadership

2nd largest

Approval of Pension

Reform

retailer in Brazil

+8pp

Jair Bolsonaro

Spin-off

New Strategy and Management

Election

39.4

New store format

of market share

Truck Drivers

in the last 6 years

#Quarentou

Strike

Assaí is 40 Years old

Acquires

30.4

National Footprint

60% stake in Assaí

Impeachment of

Increases to

Dilma Rousseff

24.9

189

100% stake

Protests in favor of

in Assaí

Dilma's Impeachment

20.1

One of the Largest(1)

Dilma Rousseff

Stores

Companies in Brazil

New

15.7

Dilma Rousseff

Re-election

23 states(3)

17th Place

States

27.9%

Election

9.0

11.3

The brand is one of

6.8

CAGR

4.3

5.1

2011-2020

the 20th most valuable

1.5

2.2

3.3

brands in Brazil(2)

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

# Stores

15

28

40

57

59

61

75

84

95

107

126

144

166

184

EBITDA Margin(4)

-

-

-

-

-

-

-

5.1%

5.3%

5.6%

6.5%

6.8%

7.0%

7.5%

Revenue/store (R$mm)

55

58

60

77

86

93

110

122

148

160

173

183

214

Notes: (1) Considering sales in 2019, according to Exame; (2) 2020 Interbrand Ranking; (3) In August 2021; (4) Adjusted EBITDA - after IRFS 16

2

CONTINUOUS EXPANSION OF NATIONAL FOOTPRINT

2012

September 1 2021

1

+17

states

3

1

+130

5

1

5

3

stores

+8pp

8 1

2

3

9

2

4 3

1 8 3

1

16 3

44%

of sales

2outside

61 stores

182k sqm of sales área

10k employees

Market share (1)

191 stores 847k sqm of sales area

4

78

3

5

23

Southeast(3)

2

Market Share

Gains

in 1H21(2)

6 states

50k employees

23 states

7 inaugurations(4)

+

10 distribution centers

Source: Nielsen

11 regional offices with autonomy

Notes: (1) National Market Share according to Nielsen between 2014 to 2019; (2) According to Nielsen; (3) in 2020; (4) until September/2021

21 stores under

construction 3

ASSAÍ IS THE SECOND LARGEST RETAIL PLAYER IN BRAZIL AND THE FASTEST-GROWING PURE CASH & CARRY PLAYER

Retail Ranking

Food Retail Ranking

Gross Revenues (2020) - R$ bn

Gross Revenues (2020) - R$ bn

74.8

39.4

36.1 34.5

31.0

24.9

14.4 13.0 12.6

10.3 10.0 9.4

(1)

(2)

(4)

74.8

Largest and

Fastest-Growing

39.4

pure Cash & Carry

31.0

24.9

14.4

6.5

8.8

9.0

9.0

9.4

2.7

3.0

4.6

Atakadão Atakarejo

CSD Varejo

Mart Minas

Makro Atacadista

Grupo Pereira

Supermerca dos BH

Grupo Muffato

Cencosud

Grupo Mateus

Grupo Big

GPA

Assaí

Carrefour

20th

18th 13th10th (3)

9th

8th

7th

6th

5th

4th (2)

3rd (1)

2nd

1st

30%

12%

27%

(4%) (3)

15%

18%

14%

3%

27%

(4%)

3%

25%

15%

CAGR17-20

Source: Companies' data and ABRAS.

4

Notes: (1) Ex-Assaí and Éxito; (2) Considers information disclosed in Material Fact by the Carrefour Group; (3) Revenues in 2019; (4) Revenues in 2020 released to the public in a press release format. The audited Financial Statements have not been published.

Largest segment...

... share ...

C&C increased

26.7%

in 2020

(vs. 13% Super/Hyper)

+611

C&C stores in the

last 4 years

(vs. 314 in the last

... preference...

15 years)

... growth

65%

of Brazilian

households

Assaí improved

shop in C&C

30%

in 2020

Source: NielsenIQ - August 2021

CASH & CARRY SEGMENT INCREASES RELEVANCE WHEN COMPARED TO FOOD RETAIL

Cash & Carry Relevance in Food Retail

9.0%

8.8%

8.5%

8.5%

26.3%

26.7%

25.2%

23.0%

27.0%

25.5%

26.2%

25.5%

37.7%

39.0%

40.1%

43.0%

jan/20

jun/20

dec/20

jun/21

C&C

Super

Hyper

Proximity

Penetration by Channel in Brazilian Homes

65%

65%

65%

58%

60%

62%

62%

60%

59%

55%

41%

46%

45%

44%

37%

30%

27%

26%

26%

26%

2017

2018

2019

2020

YTD 2021

Hyper

Super

Proximity

C&C

5

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Sendas Distribuidora SA published this content on 07 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2021 18:36:02 UTC.