BR Malls Participações S A : Earnings Release

www.pwc.com.br

BR Malls Participações S.A.

Interim Financial Information - ITR on June 30, 2021 and report on the review of

quarterly financial report.

BR Malls Participações S.A.
Quarterly Information - ITR
As of June 30, 2021,
Contents
Independent auditor's report on the financial statements.............................................................................	3
Reviewed quarterly financial information- Parent Company and Consolidated
Statements of financial position.....................................................................................................................	5
Statements of income (parenty company).....................................................................................................	7
Statements of income (consolidated).............................................................................................................	8
Statements of comprehensive income)..........................................................................................................	9
Statements of changes in equity (parenty company)...................................................................................	10
Statement of changes in equity (consolidated)…………………………………………………………………..11
Statement of cash flows…………………………………………………………………………………………….12
Statement of value added………………………………………………………………………………………..…13
Notes to the quarterly financial information………………………...…………………………………………….14

PricewaterhouseCoopers, Rua do Russel 804, Edifício Manchete, 6º e 7º, Rio de Janeiro, RJ, Brasil, 22210-010, Phone: [phone], www.pwc.com.br

Report on review of quarterly information

To Management and Stockholders

BR Malls Participações S.A.

Introduction

We have reviewed the parent company and consolidated interim accounting information of BR Malls Participações S.A. ("Company"), included in the Quarterly Information Form - ITR for the quarter ended June 30, 2021, comprising the balance sheet on June 30, 2021 and the respective statements of income and comprehensive income, statements of changes in equity and cash flows for the six-month period then ended, and a summary of significant accounting policies and other explanatory information.

The management is responsible for the preparation of the parent company and consolidated interim accounting information in accordance with the Accounting Pronouncements Committee standard CPC 21 - Interim Financial Reporting and International Accounting Standard IAS 34 - Interim Financial Reporting issued by the International Accounting Standards Board (IASB), as well as the presentation of this information in accordance with the standards issued by the Brazilian Securities and Exchange Commission (CVM), applicable to the preparation of the Quarterly Information - ITR. We are responsible for issuing a conclusion on this interim financial information based on our review.

Scope of the review

We conducted our review in accordance with Brazilian and International Standards on review of interim financial information (NBC TR 2410 and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity ). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. The scope of a review is substantially lower than an audit conducted in accordance with the Brazilian and International Standards on Auditing and, consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit process. Accordingly, we do not issue an audit opinion.

Conclusion on the Interim Financial Information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying parent company and consolidated interim accounting information included in the quarterly information referred to above has not been prepared, in all material aspects, in accordance with CPC 21 and IAS 34, applicable to the preparation of the Quarterly Information - ITR, and presented in accordance with the standards issued by the CVM.

Other matters

PricewaterhouseCoopers, Rua do Russel 804, Edifício Manchete, 6º e 7º, Rio de Janeiro, RJ, Brasil, 22210-010, Phone: [phone], www.pwc.com.br

Statements of value added

The quarterly financial report referred to above includes the individual and consolidated Statement of Added Value (DVA) for the six-month period ended June 30, 2021, prepared under the responsibility of the Company's management and presented as additional information under IAS 34. These statements were subject to review procedures performed together with the review of the Company's interim financial information. In order to draw our conclusion, we verified if these statements are reconciled with the interim financial information and accounting records, as applicable, and if their format and content are in compliance with the criteria provided for in the Technical Pronouncement CPC 09 - "Statement of Value Added". Based on our review, nothing has come to our attention that causes us to believe that these statements of value added have not been prepared, in all material respects, according to the criteria established by said Technical Pronouncement in a manner consistent with the parent company and consolidated interim accounting information taken as a whole.

Rio de Janeiro, August 13, 2021

PricewaterhouseCoopers

Auditores Independentes

CRC 2SP000160/O-5

Patricio Marques Roche

Accountant CRC 1RJ081115/O-4

BR Malls Participações S.A.

PricewaterhouseCoopers, Rua do Russel 804, Edifício Manchete, 6º e 7º, Rio de Janeiro, RJ, Brasil, 22210-010, Phone: [phone], www.pwc.com.br

Balance sheets

June 30, 2021, and December 31, 2020 (In thousands of Reais)

		Parent Company		Consolidated
		06/30/2021	12/31/2020	06/30/2021	12/31/2020
Current assets
Cash and cash equivalents (Note 4.1)	4,434	3,420	17,838	28,280
Marketable securities (Note 4.1)	1,448,537	1,165,374	1,790,139	1,417,531
Accounts receivable (Note 3.4)	131,244	128,417	304,797	327,308
Taxes recoverable (Note 3.6)	8,787	10,372	25,410	27,802
Advances	9,226	11,733	27,460	24,224
Advanced expenses	5,496	5,236	11,532	9,740
Other receivables (Note 3.4)	19,406	8,792		48,932	15,851
		1,627,130	1,333,344	2,226,108	1,850,736
Non-current assets
Accounts receivable (Note 3.4)	45,538	36,393	128,450	100,599
Guarantees and deposits (Note 5.2)	35,595	35,198	71,773	70,176
Taxes recoverable (Note 3.6)	17,846	16,710	39,806	38,815
Advances for future capital increase (Note 5.1)	74,173	19,345	300	3,742
Receivables from subsidiaries and affiliates (Note 5.1)	32,031	26,957	44,247	45,078
Other receivables (Note 3.4)	6,934	-		59,741	49,332
		212,117	134,603		344,317	307,742
Investments (Note 3.3)	6,846,403	6,903,710	347,796	355,078
Investment properties (Note 3.1)	6,282,281	6,343,597	16,262,125	16,448,547
Fixed assets	19,901	19,275	27,970	25,888
Intangible assets (Note 3.2)	202,085	176,744		207,876	177,077
		13,350,670	13,443,326		16,845,767	17,006,590
		13,562,787	13,577,929		17,190,084	17,314,332
Total assets		15,189,917	14,911,273	19,416,192	19,165,068

The Notes are part of this quarterly financial report.

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