Raghsa SA · BCBA:RAGH
Raghsa SA — Investor Presentation (May 2026)
23 slides from Raghsa SA's investor presentation, May 31, 2026
Slide 1: Corporate Presentation
WWW.RAGHSA.COM Corporate Presentation Fiscal Year ended 2027 Q1 - Ended May 31, 2026
Slide 2: Management Representatives
Management Representatives EDGARDO KHAFIF | Chairman and CEO Mr. Khafif has been Head of Capital Markets since 1999 and a member of the Board of Directors since 1999. Since 2023 he is the Chairman and CEO of the Company. He worked at Arnhold and S. Bleichroeder as Portfolio Manager of First Eagle Em
Slide 3: Agenda
Agenda 01 The Company Our story · Highlights 02 Portfolio Argentina · United States · Tenants 03 Growth perspective Investment land banking · Growth pipeline 04 Profile Assets · Debt Maturity Profile 05 Financial Performance Revenues · EBITDA
Slide 4: The Company
01 The Company WWW.RAGHSA.COM
Slide 5: The Company
The Company RAGHSA is a company dedicated to the development of Class A office buildings for lease, luxury residential towers under the Le Parc brand, and to the management of premium buildings. All of RAGHSA’s developments are characterized by their quality, design, breakthrough technology and secu
Slide 6: Our History
Our History Sqm: Total area excluding 512 West 22nd Street and 639 West 46th Street, which are rentable areas (*). All measurements are approximate. 6
Slide 7: Company Highlights
Company Highlights The Firm Raghsa is a publicly traded, vertically integrated real estate platform listed on the Buenos Aires Stock Exchange (Ticker: RAGH). In Argentina, we are the leading institutional owner-developer of AAA office space, with approximately 7% share of the premium Buenos Aires ma
Slide 8: Portfolio
02 Portfolio WWW.RAGHSA.COM
Slide 9: High Occupancy Rates — Argentina
High Occupancy Rates Existing Portfolio in Argentina — Revenue by Asset Q1 2027 Commercial LEED Gold MADERO OFFICE 955 BELGRANO OFFICE CENTRO EMPRESARIAL LIBERTADOR CENTRO EMPRESARIAL NUÑEZ Completed: 2010 Completed: 2014 Completed: 2020 Completed: 2024 NRA: 1,127 sqm (one floor) NRA: 30,506 sqm NRA
Slide 10: High Occupancy Rates — US
High Occupancy Rates Existing Portfolio in US — Revenue by Asset Q1 2027 Residential Commercial ONE UNION SQUARE SOUTH 639 WEST 46TH STREET 512 WEST 22ND STREET Completed: 1998 Completed: 1940 Completed: 2019 NRA: 16,165 sqm NRA: 2,322 sqm NRA: 16,030 sqm Acquired: 2020 Acquired: 2024 Acquired: 2025
Slide 11: Blue Chip Tenants
Blue Chip Tenants Argentina United States Amazon Web Services | American Express | Cervecería y Maltería Quilmes | Chevron | Ciena | Fravega | Capricorn Investment Group | Catalio Capital Management | Galeria Nara Roesler | Genius Sports GSK | HIT | HP | JP Morgan | L'Oréal | Lenovo | Meta | Nationa
Slide 12: Growth Perspectives
03 Growth Perspectives WWW.RAGHSA.COM
Slide 13: Pipeline & Land Banking — Libertador Corridor
Pipeline & Land Banking — Libertador Corridor Two parcels acquired FY2025-FY2026 · substantial AR portfolio expansion Av. Libertador 7172 Acquisition Price U$S 33.5M Maximum Buildable Area ~50,000 sqm Current Status Plans under development Next milestones Construction start: 2026 Strategic Thesis Sy
Slide 14: Opportunity for a Logistics Hub in NYC
Opportunity for a Logistics Hub in NYC Location 12th Avenue and West 46th Street, New York City (2 parcels) Lot Dimensions 150 ft x 100 ft (45.72 m x 30.48 m) Lot Area 15,000 sq ft (1,400 sqm) Maximum Buildable Area 75,000 sq ft (7,000 sqm) The images, renderings, floor plans, dimensions, and specif
Slide 15: Strong Growth in Leasable Area
Strong Growth in Leasable Area +12% Project Location Status +43% 2025→2026 2019→2025 Av. Del Libertador 7172 Núñez, CABA Acquired land 34.517 34.517 18.487 2025→2026 Av. Del Libertador 7055 Núñez, CABA Acquired land 119.972 119.972 117.516 96.914 Av. Del Libertador 7172: U$S 33.5M Av. Del Libertador
Slide 16: Profile
RAGHSA QO 4A Profile WWW.RAGHSA.COM
Slide 17: Balance Sheet
Balance Sheet Solid Financial Structure Total Assets (USD millions) 504,0 US 41% 1.240,0 736,0 AR 59% Q1 FY27 Q1 FY27 AR US Total Assets 17
Slide 18: Debt Maturity Profile
Debt Maturity Profile Q1 FY27 Outstanding Class (U$S) ON Class 5 – 8.25% - Apr-2030 56,777,276 4,0 ON Class 7 - 8.50% - Dec-2032 48,705,263 4,1 Total Notes 105,482,539 Mortgage 1USS - 2.64% - Feb-2030 113,333,860 104,3 Mortgage 512 - 6.64% - Feb-2035 130,000,000 Mortgage Libertador 7055 - 6.50% - Apr
Slide 19: Financial Performance
05 Financial Performance WWW.RAGHSA.COM
Slide 20: Financial Performance
Financial Performance Revenues (U$S millions) EBITDA (U$S millions) 67,0 2,0 37,0 16,0 12,0 49,0 20,3 0,4 25,0 10,5 4,1 12,0 4,4 0,2 5,7 4,8 15,8 1,8 6,1 7,0 3,9 Commercial Rents Residential Rents Others AR US 20
Slide 21: Thank You
Thank You EDGARDO KHAFIF MARIANO VEGA CHAIRMAN AND CEO CHIEF FINANCIAL OFFICER [email protected] [email protected] Tel: +212-588-8885 Tel: +54 11 4013-5555 Confidential material prepared for current and prospective investors. This document does not constitute an offer to sell or an invi
Slide 22: Disclaimer
Disclaimer This presentation has been prepared by RAGHSA S.A. (the “Company”) and it is being furnished to you solely for informational purposes and offering material, in whole or in part. Any offering of securities will be made solely by means of an exchange offer memorandum and Spanish-language pr
Slide 23: Buenos Aires and New York offices
BUENOS AIRES Cecilia Grierson 255, Piso 9 · C1107CPE · CABA, Argentina Tel +54 11 4013 5555 NEW YORK 950 Third Avenue, Suite 2805 · New York, NY 10022 Tel +1 212 588 8885