IRSA(IRS) - 2020 Q1 - Earnings Call Presentation

Financial Performance - Consolidated net gain reached ARS 110 billion, a 212% increase compared to IQ 19[1] - Adjusted EBITDA was ARS 53 billion, up 286% from IQ 19[2] - Argentina Business Center's adjusted EBITDA decreased by 8% compared to IQ 19, amounting to ARS 14 billion[2] - Israel Business Center's adjusted EBITDA increased by 51% compared to IQ 19, reaching ARS 38 billion[2] Dividend Announcement - A dividend in kind with shares of IRSA Commercial Properties (IRCP) was approved, with an amount of ARS 480 million[1] - The dividend ratio is 0004046 IRCP shares per IRSA share and 0040462 IRCP shares per IRSA ADR[1] Israel Business Center - 168% of Gav-Yam shares were sold for NIS 680 million[6] - The sale included 117% in July 2019 for NIS 456 million and 514% in September 2019 for NIS 224 million[6] - A gain of ARS 15272 million resulted from discontinued operations due to the sale of Gav-Yam shares[6] Argentina Business Center - Operational Information by Segment - Shopping Malls adjusted EBITDA decreased by 145% to ARS 11 billion[3] - Shopping Malls tenants sales decreased by 51% to ARS 18367 million[3] - Hotels adjusted EBITDA decreased by 338% to ARS 94 million[3]