Transaction Involving Conversion of Extra Hiper Stores

OCTOBER, 2021

DISCLAIMER

This presentation ("Presentation") was prepared by Sendas Distribuidora S.A. ("Company") and contains operational and financial information prepared by the Company and publicly available information to assist and contextualize the analysis of a potential transfer of certain commercial establishments to the Company ("Analysis"). The transaction remains subject to certain conditions precedent, including the negotiation of definitive agreements and approval by the corporate boards of the parties pursuant to their relevantpolicies for related-party transactions.

This Presentation was prepared solely for informative purposes and does not seek to serve as a basis for any investment decision and does not constitute an offer or invitation for the purchase and sale of securities or financial instruments, or a legal, tax, accounting opinion or investment recommendation. Its recipients shall conduct their own investigation and analysis and the data set forth in this Presentation, as well as consider the advice of financial, legal, accounting, tax and other business advisors and such other factors which may be appropriate in relation to the Analysis.

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Conversion of 71 commercial points, reaching 300 Assaí stores in 2023 including organic expansion

Potential of more than R$25 billion(1) Gross Revenues from converted

stores at maturity

Strategic commercial establishments in exceptional locations in

major cities and metropolitan regions

MAIN TRANSACTION

DRIVERS

Low cannibalization with Assaí current stores given the past common strategy of the two brands and the real estate barrier

~R$100 billion estimated Gross

Acceleration of the expansion

Revenue in 2024

pace, mainly in higher income

classes, with less legal approval

complexity

Rapid maturation with established and well-known

+420k sqm of sales area(2),

+49.8% the current area(3)

Proven and successful model of organic expansion and conversions: +150 stores opened in the last decade, 25 conversions in the last 5 years

Source: Company Information

Notes: (1) Based on the Company's past experience in converting stores, as explained on

Commercial establishments with high potential of profitability

commercial points for more than 20 years

End consumer migration to C&C format (+5 p.p. of share(4)) and

agility gain for the local economy

due to the proximity of the stores to large centers

page 6 of the presentation; (2) Sales area of the current stores inExtra Hiper format; (3) Based on the current sales area of 847 sqm as of Sep/21; (4) Considers the last 18

3

months, according to Nielsen

IRREPLICABLE STORES IN PRIME LOCATIONS

SUBTÍTULO

3

2

1

2 2

1

3 2

51

1

3

2

33 8

2

16

States

~62%

Stores in

Capitals

63 Stores

in Large

Metropolitan

Areas

~50%

Stores in

SP

Conversion plan for

the 71 Extra stores

R$ 8.7 bi

~3x

R$ 25.0 bi

Gross

Uplift(2)

Gross Revenues in

~40 stores in 2022

Revenues(1)

the maturity(2)

~30 stores is 2023

Note: (1) Extra Hiper 7M21LTM gross revenues (does not consider revenues from gas station); (2) Based on the Company's past experience

4

in converting stores, as explained on page 6 of the presentation

STORES IN DENSELY POPULATED URBAN AREAS

FACILITATING THE ACCESS FOR B2B AND B2C CUSTOMERS

Campinas - São Paulo State

Salvador - Bahia State

1 00m

1 00m

Accelerated store ramp-up and protection of the most profitable markets

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Sendas Distribuidora SA published this content on 15 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2021 12:41:02 UTC.