IRSA Inversiones y Representaciones SA (NYSE:IRS) Q2 2021 Earnings Conference Call February 17, 2021 12:00 PM ET Company Participants Santiago Donato - IR Officer Alejandro Elsztain - Second Vice-Chairman Matias Gaivironsky - Chief Financial & Administrative Officer Conference Call Participants Gordon Lee - BTG Pactual Santiago Donato Good afternoon, everyone. I'm Santiago Donato, Investor Relations Officer of IRSA, and I welcome you to the Second Quarter of Fiscal Year 2021 Results Conference Call. First o ...

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Q1 2021 Earnings Conference Call November 20, 2020 10:00 AM ET Company Participants Santiago Donato – Investor Relations Alejandro Elsztain – Second Vice President MatÃas Gaivironsky – Chief Administrative and Financial Officer Conference Call Participants Santiago Donato Good morning, everyone. I'm Santiago Donato, Investor Relations Officer of IRSA, and I welcome you to the First Quarter Fiscal Year 2021 Results Conference Call. First of all, ...

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 Commission file number 001-13542 IRSA Inversiones y Representaciones Sociedad Anónima OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY RE ...

1 Institutional Presentation IIQ FY 2020 IRSA AT A GLANCE Under sale process | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------|--------|-------|-----------------|----------------------------------------------|-------------|----------|---------------------------------------------|-------------------------------| | LEADING DIVERSIFIED REAL ESTATE COMPANY | | | | UNIQUE PORTFOLIO AND STRONG MARKET POSITION | | | STRONG TRACK RECORD IN THE CAPITAL MARKETS | | | ...

Financial Data and Key Metrics Changes - The net result for the year is a positive ARS 4.9 billion compared to a loss of ARS 8.4 billion last year, with a small negative net result attributable to the controlling company of ARS 1.4 billion compared to ARS 8.1 billion last year [4] - Adjusted EBITDA improved by 16% year-over-year, reaching ARS 11.7 billion [5] - The company recognized a gain of ARS 4.8 billion against a loss of ARS 8.3 billion last year, with significant changes in fair value and deferred tax impacting results [26][27] Business Line Data and Key Metrics Changes - In the Argentina Business Center, shopping mall same-store sales increased by 5.6% in real terms compared to the same quarter last year, with occupancy stable at 95% [7][8] - The office segment remains strong with rents stable at approximately $27 per square meter per month and occupancy levels in premium buildings at 97.1% [8] - Hotel sales decreased by 29.2% year-over-year, primarily due to the rebranding of the Sheraton hotel and the absence of significant events that occurred in the previous year [12][29] Market Data and Key Metrics Changes - The Argentina market experienced a real devaluation of 13.5%, impacting dollar-denominated debt [32] - In Israel, the real estate segment showed a 26.9% increase, attributed to cost reductions and operational efficiencies [31] Company Strategy and Development Direction - The company is focusing on selling non-core assets and maximizing value through strategic disposals, including stakes in tourism and real estate assets [38][45] - A new CEO has been appointed in Israel, indicating a shift in management strategy to enhance operational performance [19] Management Comments on Operating Environment and Future Outlook - Management highlighted the recovery in consumption and the positive impact of government programs on sales, although revenue recovery has not fully materialized [7][8] - The company is actively working on refinancing debt and managing cash flow to meet upcoming obligations [24][35] Other Important Information - Banco Hipotecario incurred losses of ARS 923 million due to impairments, reflecting broader challenges in the banking sector [15] - The company is in the process of selling Condor Hospitality Trust, with estimated proceeds of around $29 million expected [15] Q&A Session Summary Question: What is the refinancing strategy heading into December 2022? - Management indicated that they are focusing on selling assets under IDB to generate funds for debt repayment, including stakes in tourism and real estate [38] Question: Is there a plan to fund Israel via any Argentine subsidiary? - Currently, the only commitment in Israel is a signed agreement for 210 million Shekels, with a remaining commitment of $40 million [40][42]

IIQ 2020 Conference Call February 12, 2020 Hosted by: Alejandro Elsztain, IIVP Daniel Elsztain, COO Matías Gaivironsky, CFO MAIN EVENTS FOR IIQ FY2020 C O N S O L I D AT E D B A S I S | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------|-------------------------------|----------------------------------------------------|-----------------------------------------------------------------|--------------|-----------------------------------|-------|--------------------------------| ...

Financial Data and Key Metrics Changes - The company achieved a net gain of ARS 11 billion, a 21% increase compared to the previous year, primarily due to the deconsolidation of Gav-Yam [4] - The net gain attributable to the company was ARS 3.3 billion, with adjusted EBITDA for the period at ARS 5.3 billion, reflecting a 28% increase year-over-year [5] - The net income of the company was ARS 10.983 billion, compared to ARS 9 billion last year [30] Business Line Data and Key Metrics Changes - In the Argentinian shopping centers, adjusted EBITDA was ARS 1.1 billion, a 14.5% decrease year-over-year, with tenant sales dropping by 5.1% [8] - The office segment saw a significant gain of 62% in adjusted EBITDA, reaching ARS 424 million, driven by dollar-denominated rents and the opening of the Zetta Building [11] - The hotel segment's EBITDA was ARS 94 million, a 33% decrease compared to last year, primarily due to the deflagging of one hotel [13] - The sales and development segment reported a loss of ARS 75 million, compared to a loss of ARS 47 million last year [16] Market Data and Key Metrics Changes - In Israel, the company reported a gain of ARS 3.8 billion, a 51% increase year-over-year, attributed to the positive effects of IFRS 16 on Cellcom's sales [6] - The overall real estate segment in dollar terms increased by 3%, while telecommunications grew by 55% [27] Company Strategy and Development Direction - The company is focused on monetizing assets that are well-valued and simplifying its structure, particularly in light of the new scenario in Argentina [47] - The company is actively selling low cap rate assets and reinvesting in more strategic opportunities [50] - The company plans to continue developing new buildings and sites, maintaining a strategy of buying when others are not [54] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the macroeconomic volatility in Argentina, which has affected the valuation of shopping malls [32] - The company is navigating new capital controls in Argentina, which have complicated the transfer of funds abroad [39] - Management expressed confidence in the company's ability to manage debt and maintain liquidity despite the challenging environment [29] Other Important Information - The company approved a dividend representing 1.85% of the shares of IRSA Commercial Properties, aimed at providing liquidity [54] - The company has committed additional investments in IDB, totaling ILS 210 million, to be deployed over the next two years [28] Q&A Session Summary Question: Is there anything worth monetizing or simplifying in the Argentine or Israeli business units? - Management indicated that they are actively looking to realize value from well-valued assets and are in the process of closing a transaction involving a shopping center in Israel [47][49] Question: What is the company's strategy regarding low cap rate assets? - The company is focused on selling low cap rate assets and reinvesting in more strategic opportunities, including new developments [50]

IRSA IQ 2020 Conference Call November 12, 2019 Hosted by: Alejandro Elsztain, IIVP Daniel Elsztain, COO Matías Gaivironsky, CFO HSBC Tower New York City - US 1 Main Events for IQ FY 2020 Consolidated Basis ARS 11.0 billion Net Gain +21.2% vs. IQ 19 ARS 3.3 billion Net Gain attributable to IRSA Mainly explained by results from the loss of control and deconsolidation of GavYam in Israel Business Center Dividend Announcement ▪ On October 30, 2019, the Shareholders' meeting approved a dividend in kind with shar ...

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, 2019 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 2019 Earnings Conference Call September 10, 2019 9:00 AM ET Company Participants Alejandro Elsztain - II, Vice President Daniel Elsztain - COO Matias Gaivironsky - CFO Conference Call Participants Operator Good morning, everyone, and welcome to IRSA’s Fourth Quarter 2019 Results Conference Call. Today's live webcast, both audio and slide show, may be accessed through the company's Investor Relations website at www.irsa.com.ar by clicking on ...