Financial Data and Key Metrics Changes - The company reported a gain of ARS81 billion for the first quarter of fiscal year 2024, compared to a gain of ARS3.1 billion in the same period last year, indicating significant improvement [35] - Inflation during the quarter was 35%, up from 22% the previous year, impacting the fair value of investment properties and foreign exchange differences [30][31] - The company reduced its debt by 61%, resulting in a net debt of $296 million, reflecting a conservative capital structure [36] Business Line Data and Key Metrics Changes - Shopping malls experienced a 22% increase in adjusted EBITDA, while the office segment saw a 4% decrease [13] - The occupancy rate for shopping malls increased to 98%, with sales growing by 10% compared to the same quarter last year and 34% above pre-pandemic levels [22][23] - Hotel occupancy rates reached 66%, with average room rates growing to approximately $270 [25] Market Data and Key Metrics Changes - The real estate activity was strong, with significant disposals including the sale of three floors of the Della Paolera building and the entire Suipacha building [3][5] - The company noted a slight devaluation of the peso, with a 1% devaluation in real terms against a 4% appreciation last year [12] Company Strategy and Development Direction - The company is focusing on premium developments, particularly the Costa Urbana project, and plans to utilize various financing methods including preselling units and barter agreements [27][43] - The management emphasized a strategy of "flight to quality" in their real estate portfolio, selling lower-quality assets to concentrate on higher-value projects [7][27] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the consumption levels in October and November, indicating a positive trend in sales growth [45] - The company is prepared for potential economic uncertainties following elections, trusting in the quality of its portfolio [66][73] Other Important Information - A dividend payment representing around 12% yield was approved and paid, with ongoing discussions regarding the distribution to GDS holders due to regulatory restrictions [20][38][56] - The company extended its share repurchase program by 180 days, having already repurchased 42% of the planned ARS5 billion [41] Q&A Session Summary Question: How will the company finance the Costa Urbana development? - The company plans to use various financing methods, including preselling units and barter agreements, to minimize cash investment [43] Question: What is the expected timing for launching the first towers of the Costa Urbana project? - Infrastructure work is expected to start in 2024, with building presales and construction to follow based on demand [62][70] Question: Are there plans to expand Alto Rosario? - The company has the capacity to expand Alto Rosario and is considering mixed-use developments [46][72] Question: What are the expectations for the malls business post-elections? - Management acknowledged uncertainty regarding new policies but remains confident in the quality of their portfolio [73]

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 Date ...

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Q4 2023 Earnings Call Transcript September 7, 2023 11:00 AM ET Company Participants Santiago Donato - IRO Eduardo Elsztain - CEO Jorge Cruces - CIO Matias Gaivironsky - CFO Operator Good morning, everyone. I'm Santiago Donato, Investor Relations Officer of IRSA, and I welcome you to the Fiscal Year '23 Results Conference Call. First of all, I would like to remind you that both audio and slide show may be accessed through company's Investor Rela ...

IRSA Inversiones y Representaciones Sociedad Anónima Unaudited Condensed Interim Consolidated Financial Statements as of March 31, 2023 and for the nine and three-month periods ended as of that date, presented comparatively Legal information Denomination: IRSA Inversiones y Representaciones Sociedad Anónima. Fiscal year N°: 80, beginning on July 1st, 2022. Legal address: 261 Carlos Della Paolera St., 9th floor, Autonomous City of Buenos Aires, Argentina. Company activity: Real estate investment and developm ...

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Q3 2023 Earnings Conference Call May 9, 2023 10:00 AM ET Company Participants Matias Ivan Gaivironsky - CFO & Administrative Officer Santiago Donato - IR Officer Jorge Cruces - CIO Conference Call Participants Santiago Donato I will give a word to Matias Ivan Gaivironsky, CFO. Matias Ivan Gaivironsky Good morning, everybody. We finished our third quarter of 2023. We are very happy with the results. We can see a strong financial and operational ...

IRSA Inversiones y Representaciones Sociedad Anónima Unaudited Condensed Interim Consolidated Financial Statements as of December 31, 2022 and for the six and three- month periods ended as of that date, presented comparatively Legal address: 261Carlos Della Paolera St., 9th floor, Autonomous City of Buenos Aires, Argentina. Company activity: Real estate investment and development. Date of registration of the by-laws in the Public Registry of Commerce: June 23, 1943. Date of registration of last amendment of ...

Santiago Donato - IR Officer Matias Gaivironsky - CFO Jorge Cruces - CIO Good morning, everyone. I'm Santiago Donato, Investor Relations Officer of IRSA, and I welcome you to the Second Quarter 2023 Results Conference Call. Before we begin, I would like to remind you that this call is being recorded, and the information discussed today may include forward-looking statements regarding the Company's financial and operating performance. Matias Gaivironsky On the financial matter, we -- after the closing, IRSA ...

| --- | --- | --- | --- | |-------|-------|-------|-------| | | | | | | | | | | LEADING REAL ESTATE COMPANY IN ARGENTINA 2 ✓ 30 years acquiring, developing and operating real estate ✓ Rental portfolio of approx. 500,000 sqm of GLA across Argentina ✓ 25 years listed on the NYSE and accessing capital markets A simplified vehicle after merge with IRCP DEVELOPMENT SEGMENT 15 Shopping malls 336,240 sqm RENTAL SEGMENT 6 Office buildings 82,700 sqm 3 Hotels 79,000 sqm Costa Urbana 900,000 sqm Other mixed-use landb ...

IRSA Inversiones y Representaciones Sociedad Anónima Unaudited Condensed Interim Consolidated Financial Statements as of September 30, 2022 and for the three-month period ended as of that date, presented comparatively Legalinformation Denomination: IRSA Inversiones y Representaciones Sociedad Anónima. Fiscal year N°:80, beginning on July 1st, 2022. Legal address: 261Carlos Della Paolera St., 9th floor, Autonomous City of Buenos Aires, Argentina. Company activity: Real estate investment and development. Date ...

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Q1 2023 Earnings Conference Call November 10, 2022 10:00 AM ET Company Participants Santiago Donato - IR Officer Eduardo Elsztain - CEO MatÃas Gaivironsky - CFO Jorge Cruces - CIO Conference Call Participants Santiago Donato Good morning, everyone. IÂ'm Santiago Donato, Investor Relations Officer of IRSA, and I welcome you to the First Quarter 2023 Results Conference Call. First of all, I would like to remind you that both audio and a slide sho ...