2Q20 PARQUE ARAUCO INVESTOR PRESENTATION Important disclaimer This - PowerPoint PPT Presentation

PARQUE ARAUCO INVESTOR PRESENTATION Investor Presentation Parque Arauco 2Q20

PARQUE ARAUCO INVESTOR PRESENTATION Important disclaimer This document has been prepared by Parque Arauco for the purpose Contacts of providing general information about the Company. The Company assumes no responsibility for, or makes any representation or Tori Creighton (Head of Investor Relations) warranty, express or implied, with respect to, the accuracy, adequacy Francisco Moyano (Corporate Finance Manager) or completeness of the information contained herein. The Company Claudio Chamorro (CFO) expressly disclaims any liability based on such information, errors therein or omissions therefrom. Tel: (562) 22990510 | Email: ir@parauco.com This presentation includes certain statements, estimates and forecasts provided by the Company with respect to it’s anticipated future performance and involves significant elements or subjective judgment and analysis that may or may not prove to be accurate or correct. There can be no assurance that these statements, estimates and forecasts will be attained and actual outcomes and results may differ materially from what is estimated or forecast herein. The information contained herein has been prepared to assist interested parties in making their own evaluation of the company and does not purport to be all - inclusive or to contain all the information that a potential counterparty may desire. In all cases, interested parties should conduct their own independent investigation and analysis of the Company. Interested parties can only rely on the result of their own investigation and the representations and warranties made in any definitive agreement that may be executed. 2

PARQUE ARAUCO INVESTOR PRESENTATION Contents INTRODUCTION OUR OPERATIONS → Geographic presence: → Parque Arauco at a glance → Chilean portfolio assets and formats → Purpose, Mission & → Parque Arauco iconic and → Peruvian portfolio corporate strategy dominant shopping centers → Colombian portfolio INVESTMENT HIGHLIGHTS FUTURE DEVELOPMENTS → Growth → Investment highlights → Future developments → Sustainability & Corporate → Stability governance → Landbank → Financial strength centers → Diversification → Glossary 3

PARQUE ARAUCO INVESTOR PRESENTATION Introduction → Parque Arauco at a glance → Purpose, Mission & corporate strategy → Geographic presence: assets and formats → Parque Arauco iconic and dominant shopping centers

PARQUE ARAUCO INVESTOR PRESENTATION Parque Arauco at a glance FINANCIAL INDICATORS 7 55 → Real estate assets Parque Arauco is a real estate (June 2020) company dedicated to the Outlets in Chile, Peru and Colombia development and operation of mixed- 1,077,000 m 2 used properties in the Andean region. 17 21 → Gross Leasable Area (GLA) Regional Strip centers shopping centers US$ 211 million 10 9 → Consolidated revenue LTM Neighborhood Offices, medical shopping centers centers, hotels US$ 138 million OWNERSHIP STRUCTURE (JUNE 2020) → EBITDA LTM FAMILY LOCAL 65,4% LOCAL SAID YARUR MUTUAL FUNDS PENSION FOREIGN FUNDS INVESTMENT → EBITDA margin LTM FUNDS 25% 24% 19% 14% 8% 5% 3% 2% US$ 3,594 million 5% 3% 21% 16% 12% 25% 16% → Assets OTHER US$ 1,018 million FAMILY CONTROLLING GROUP SHAREHOLDERS LOCAL BROKERS ABUMOHOR → Net financial debt 5

PARQUE ARAUCO INVESTOR PRESENTATION Between 2014 and 2019, Parque Arauco has nearly doubled in GLA, NOI and AFFO 1982 1995 2006 2010 2011 Parque Arauco expands into Peru Parque Arauco Kennedy Parque Arauco S.A. IPO Parque Arauco opens first mall Capital increase with the purchase of a 45% stake opens as first shopping in Colombia, Parque Arboleda for US$145 MM in MegaPlaza Norte in Lima. center in Chile. in Pereira 2014 2015 2016 2019 Capital increase for Capital increase for US$100 MM Parque Arauco achieves full operational Purchase of minority US$182 MM control of Peruvian operation with shareholders in Colombia purchase of Wiese Group minority interest. and Peru GLA (m 2 ) NOI (US$ MM) CONTROLLED ADJUSTED FFO (US$ MM) +1.5x +1.3x +1.3x 142 947,000 1,012,0001,053,0001,075,5001,077,000 211 192 119 181 106 818,500 154 155 92 728,500 136 87 78 117 69 2014 2015 2016 2017 2018 2019 2Q20 2014 2015 2016 2017 2018 2019 LTM 2014 2015 2016 2017 2018 2019 LTM 2Q20 2Q20 6

PARQUE ARAUCO INVESTOR PRESENTATION Our essence We are experts in developing and operating gathering places where people interact, connect, spend time together and share their interests. We create dynamic assets that evolve with life styles and integrate with their surroundings to create hubs of urban and social development. • We are responsible in our • We seek creative solutions. • We follow the rules. • We fulfill our commitments. • We all contribute to creating a treatment of and conduct We (always!) want to surprise We behave ethically and honestly, We act with professionalism, great place to work. • • • towards all people: employees, internal and external customers. even in challenging contexts. excellence and a sense of • We establish trust-based tenants, customers and • We are open to learning and • We lead by example. urgency. relationships. communities. continuous improvement. We mobilize to meet our We do everything with passion. • • • We value everyone’s challenges. contribution without distinction. • We are environmentally responsible. 7

PARQUE ARAUCO INVESTOR PRESENTATION Our operations → Chilean portfolio → Peruvian portfolio → Colombian portfolio

PARQUE ARAUCO INVESTOR PRESENTATION Chilean portfolio PARQUE ARAUCO KENNEDY ARAUCO MAIPÚ 31 517,000 m 2 Real estate assets Total Gross Leasable Area (GLA) 4 8 1 18 Neighborhood Strip Outlets Regional shopping centers shopping centers centers Total GLA (m 2 ) Owned GLA (m 2 ) Format Year incorporated Ownership (%) Occupancy (%) Parque Arauco Kennedy Regional Shopping Center 1982 110,500 100.0% 110,500 98.8% Arauco Maipú Regional Shopping Center 1993 75,000 100.0% 75,000 98.7% Arauco Chillán Regional Shopping Center 2007 35,500 51.0% 18,105 93.6% Arauco Estación Regional Shopping Center 2008 67,000 83.0% 55,610 93.4% Arauco San Antonio Regional Shopping Center 2009 28,500 35.7% 10,175 95.6% Arauco Express 1 Strip Centers 2012 40,500 51.0% 20,655 89.6% Arauco Premium 2 Outlets 2012 50,000 100.0% 50,000 87.4% Arauco Quilicura 3 Regional Shopping Center 2013 32,000 51.0% 16,320 - Arauco Coronel Regional Shopping Center 2017 30,000 51.0% 15,300 96.2% Parque Angamos Neighborhood Shopping Center 2018 10,500 55.0% 5,775 82.5% Arauco El Bosque Regional Shopping Center 2018 30,000 51.0% 15,300 95.5% Puerto Nuevo Antofagasta Strip Center 2019 6,500 100.0% 6,500 73.0% Total Chile 516,000 77.4% 399,240 94.5% 1. Includes 18 strip centers located in: Santiago (13), Viña del Mar (1), Calama (1), Coquimbo (1) and Antofagasta (1). 2. Includes four premium outlets located in Santiago, Concepción, Coquimbo and Curauma. 9 3. Current ently, , Arauco Quilicura is predominant antly y closed, d, and withou hout a determined ned opening date, as a result of the social al protest ests s in Chile. .

PARQUE ARAUCO INVESTOR PRESENTATION Peruvian portfolio MEGAPLAZA NORTE LARCOMAR 20 405,500 m 2 Real estate assets Total Gross Leasable Area (GLA) 2 6 9 3 Neighborhood Strip Outlets Regional shopping centers shopping centers centers Total GLA (m 2 ) Owned GLA (m 2 ) Format Year incorporated Ownership (%) Occupancy (%) MegaPlaza Norte Regional Shopping Center 2006 112,000 100.0% 112,000 98.2% MegaPlaza Express Villa Chorrillos Neighborhood Shopping Center 2009 8,000 100.0% 8,000 98.3% Larcomar Regional Shopping Center 2010 26,500 100.0% 26,500 82.7% Parque Lambramani Regional Shopping Center 2010 30,000 100.0% 30,000 92.5% MegaPlaza Chimbote Regional Shopping Center 2012 28,000 100.0% 28,000 96.2% MegaPlaza Express Villa El Salvador Neighborhood Shopping Center 2012 9,000 100.0% 9,000 96.8% MegaPlaza Express Chincha Neighborhood Shopping Center 2013 10,500 100.0% 10,500 95.5% MegaPlaza Cañete Regional Shopping Center 2013 26,000 100.0% 26,000 93.6% MegaPlaza Express Barranca Neighborhood Shopping Center 2013 16,500 100.0% 16,500 99.7% InOutlet (Premium Outlets) and Viamix (Strip Centers) 4 Outlets / Strip Centers 2013 10,000 100.0% 10,000 91.8% MegaPlaza Express Pisco Neighborhood Shopping Center 2015 15,000 100.0% 15,000 94.2% El Quinde Cajamarca Regional Shopping Center 2015 33,000 100.0% 33,000 96.5% El Quinde Ica Regional Shopping Center 2015 36,500 100.0% 36,500 98.5% MegaPlaza Express Jaén Neighborhood Shopping Center 14,500 100.0% 14,500 97.4% 2016 MegaPlaza Huaral Neighborhood Shopping Center 14,500 100.0% 14,500 96.6% 2017 MegaPlaza Villa El Salvador II Neighborhood Shopping Center 2017 15,500 100.0% 15,500 95.5% Total Perú 405,500 100.0% 405,500 95.7% 1. InOutlet and Viamix includes two premium outlets in Lima and three strip centers in Lima. 10