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, 2021 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 L E A D I N G R E A L E S T A T E C O M P A N Y I N S T I T U T I O N A L P R E S E N T A T I O N – 3 Q F Y 2 0 2 1 1 ABOUT US LEADING REAL ESTATE IN ARGENTINA ✓ 30 years acquiring, developing and operating real estate ✓ 25 years listed on the NYSE and accessing capital markets ✓ Rental Portfolio of more than 500,000 sqm of GLA RENTAL PROPERTIES Controlling shareholder of IRCP (BYMA:IRCP ; NASDAQ:IRCP), leader in Shopping Malls and Offices in the country (80% Stake). Owner of 3 premium hotels in Argent ...

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Fiscal Year 2021 Earnings Conference Call September 9, 2021 10:00 AM ET Company Participants Santiago Donato – Investor Relations Officer Alejandro Elsztain – Second Vice President Matias Gaivironsky – Chief Financial and Administrative Officer-Cresud 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 Fiscal Year 2021 R ...

Financial Data and Key Metrics Changes - The company reported a net loss of ARS1.2 billion for the first half of 2021, compared to a gain of ARS6.6 billion in the previous year, indicating a significant decline in financial performance [5] - The adjusted EBITDA for the real estate segment increased by 77% from ARS4.5 billion last year to almost ARS8 billion this year [6] - The company experienced a loss of ARS17.5 billion in fair value of investment properties during the quarter, while the total gain for the semester was ARS9.2 billion [23] Business Line Data and Key Metrics Changes - The shopping malls segment saw a drop of 76.2% in adjusted EBITDA compared to the previous year, with a 47.1% drop during the quarter [28] - Office buildings occupancy reached close to 80%, with an average rent slightly lower than last year at around $26 per square meter [12] - Hotel occupancy was severely affected, with an average of 8% occupancy, although the Llao Llao hotel performed better with occupancy levels around 80% during the summer [14] Market Data and Key Metrics Changes - The company’s shopping malls faced challenges due to the exit of major tenants, such as Falabella, leading to a decrease in occupancy rates [10] - The overall market environment in Argentina remains challenging, with the stock price of the company remaining low compared to the previous year [21] Company Strategy and Development Direction - The company is focusing on liquidity and solvency, particularly in its banking operations, and has successfully restructured its debt, achieving a reduction of $200 million [19] - The strategy includes potential asset sales, particularly in the hotel and land bank segments, to improve liquidity [46] Management Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the recovery of shopping center sales post-lockdown, which are performing better than expected [52] - The company anticipates that the financial position for the year will be much better than last year, provided that COVID-19 does not lead to further restrictions [53] Other Important Information - The company completed a successful debt exchange with a 98% acceptance rate, which will help in managing future liabilities [34] - The net asset value is reported at $1.1 billion, with a loan-to-value ratio of 22% [33] Q&A Session Summary Question: Current cash balance and dividend distribution - The company confirmed that IRSA Commercial Properties distributed dividends of ARS9.7 billion in November, which were used to cancel intercompany loans, reducing exposure [39][40] Question: Sources of liquidity and asset sales - Management indicated that they are considering selling certain assets, including some hotels and land banks, to improve liquidity [46] Question: Revaluation and markdown details - The company explained that the volatility in asset values is primarily due to macroeconomic factors, with the blue-chip swap being used for valuation adjustments [48]

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 ...

IRSA Overview - IRSA is a leading diversified real estate company in Argentina with a unique portfolio and strong market position[3] - IRSA is currently under a sale process[2] - CRESUD owns 62.4% of IRCP shares and additionally owns 2.6% of IRCP shares[3] Argentina Business Center Portfolio - Argentina Business Center has 332,000 sqm GLA across 15 shopping malls, holding 40% market share in Argentina[4] - Argentina Business Center has 115,000 sqm GLA across 8 premium office buildings in BA City[4] - The company has 3 premium hotels across the country with a total of 718 rooms[5] Rental Revenue Model - Shopping malls and offices have variable and fixed rent agreements, with 74% of total revenues from fixed rent and 24% variable[5] - Office agreements have a 3-year average term and are US Dollar based, with 75% of rental rates for renewed terms from international tenants[5] Operational Performance - Shopping malls have shown strong operational performance over 20 years, with 99% occupancy in 1H 2020[6] - Office buildings have high occupancy rates, with 97.1% occupancy for A+ & A class offices in IIQ 2020[7] Potential Development - The company has potential to almost double its current commercial portfolio, with 580 Th sqm of shopping malls and 221 Th sqm of offices in the pipeline[8, 9] - 200 Della Paolera project has an estimated investment of USD 28.5 million and 35,000 GLA sqm, with 86% works progress[12] Israel Business Center - The company owns 83.7% directly and indirectly of Israel Business Center[3] - Clal ownership in Israel Business Center is 54.8%[20] - DIC has a net financial debt of USD 830.9 million as of December 31, 2019[23] Financial Metrics - IRSA's Adjusted EBITDA is USD 107.6 million and Net Operating Income is USD 134.4 million[26] - Net Debt is USD 673 million and Net Asset Value is USD 1.33 billion[26] - IRCP has a consolidated net debt of USD 346.9 million, with a 26% Loan to Value[27]

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]