Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Q3 2024 Earnings Presentation
20 slides from Cencosud Shopping Sa's earnings presentation, November 2024
Slide 1: Corporate Presentation Third Quarter 2024
Corporate Presentation Third Quarter 2024
Slide 2: About Cenco Malls
01 About Cenco Malls |2
Slide 3: Cenco Malls at a Glance
Corporate Presentation 3Q24 1.1 Cenco Malls at a Glance (1) USD 364 MM USD 331 MM 129 MM 98.3% Revenues (4) Adjusted EBITDA (4) Visits Occupancy Rate 91.1% EBITDA margin +12.4% YoY -15 bps YoY GLA by Format (2) NEIGHBORHOOD POWER CENTERS MEGA REGIONAL OFFICE TOWERS 38.3% 37.3% 10.9% 8.8% 4.7% 1,372,
Slide 4: Cenco Malls at a Glance: Presence by Country
Corporate Presentation 3Q24 1.2 Cenco Malls at a Glance Extensive presence in the Andean region with a Best-in-class portfolio CHILE (1) PERU COLOMBIA • 11 Shopping Centers • 2 Shopping Centers • 2 Shopping Centers • 22 Power Centers • 1 Power Center • 2 Power Centers • Cenco Costanera Office • Land
Slide 5: Cenco Malls at a Glance: Key Figures
Corporate Presentation 3Q24 1.3 Cenco Malls at a Glance Key Figures (1) LTM 3Q24 2023 +2.000Stores 40 GLA (sqm) 1,372,113 1,361,925 Tenant Sales (USD MM) 4,935 5,087 Revenues (USD MM) 364 375 Shopping Centers Visits (‘000) 128,942 115,912 Occupancy Rate 98.3% 98.2% EBITDA (USD MM) 331 337 33 4 3 FFO
Slide 6: Diversified GLA by Category, with a focus on Chile
Diversified GLA by Category, with a Corporate Presentation 3Q24 1.4 focus on Chile ✓ The participation of essential GLA by Category (1) (September 2024) services predominates in shopping Vacancy Entertainment centers. Services, Offices and 7.5% ✓ The entertainment category has Hotel 6.7% increased 2
Slide 7: Organizational Structure & Board of Directors
1.5 Organizational Structure & Board of Corporate Presentation 3Q24 Directors Manfred Board of Directors Paulmann Organizational Structure (1) Peter Jaime Paulmann Soler José Raul María Fernandez Susana Carey Stefan Eduardo Krause Novoa Independent Directors Board of Directors elected at the Annual
Slide 8: Corporate Strategy
02 Corporate Strategy |8
Slide 9: Strategic Differentiation: Key Factors
Strategic Differentiation: Corporate Presentation 3Q24 2.1 5 Key Factors Strategy Based on 4 Pillars 1 • Customer Knowledge • Innovation • Entrepreneuership and Sustainability • Growth and Profitability Value Proposition 2 Standing out for its premium quality, strategically located in high density a
Slide 10: Cost Efficiency and Economies of Scale
Cost Efficiency and Economies of Scale Corporate Presentation 3Q24 2.2 1 2 3 Efficient management of Shopping Center Design, Capex and Benefits of the relationship expenses maintenance costs with Cencosud • High occupancy rates • One-time charge for the initial • Optimization in contracting contribu
Slide 11: Sustainability Pillars
Sustainability Pillars Corporate Presentation 3Q24 2.3 CORPORATE PEOPLE PROPERTY PLANET GOVERNANCE 1. Corporate Governance 1. Employees 1. Quality and Safety 1. Environmental Impacts of 2. Compliance 2. Tenants and Customers 2. Innovation and Experience Operations 3. Ethical Management 3. Community
Slide 12: Business Structure
cenco’maLLs Business Structure
Slide 13: Resilient Revenues Structure
Corporate Presentation 3Q24 3.1 Resilient Revenues Structure Revenues Breakdown Contract Duration Variable Rent 70.6% 11.6% Others 14.2% 13.7% 6.5% 3.7% 5.6% Less than 2 Between Between Between More 2 and 3 3 and 4 4 and 5 than 5 74.2% Fixed Rent Occupancy 98.3% 70.6% ~11 years Rate v- 1 5 b p s v s
Slide 14: Key Metrics of the Asset Portfolio
3.2 Key Metrics of the Asset Portfolio Corporate Presentation 3Q24 Participation By Third and Related Parties in Revenues and GLA (1) Related Third 80,5% Occupancy Rate (2) Visits (3) ('000) 71,4% 66,8% 65,3% Chile 99.0% 123,334 64,5% Peru 89.5% 4,804 57,3% Colombia 92.1% 804 Consolidated 98.3% 128,
Slide 15: Solid Financial Position
Corporate Presentation 3Q24 3.3 Solid Financial Position • The Company shows the lowest Net Financial September 2024 CLP MM USD MM (1) Debt/Adjusted EBITDA ratio in the sector as of Total Assets 4,296,979 4,787 September 2024 Equity 2,827,194 3,149 • 100% of the debt is set at a fixed interest rate,
Slide 16: Cash Position YTD as of September 2024
3.4 Cash Position YTD as of September Corporate Presentation 3Q24 2024 Cash Position Evolution (1) (2) • The Company’s Cash Position has improved throughout 2024, with operating cash flow more than offsetting dividend payments and capital investments. By the end of 3Q24, the cash position has increa
Slide 17: Expansion Plan
04 Expansion Plan | 17
Slide 18: 3Q24 Investment Plan Key Progress
3Q24 Investment Plan Key Progress Corporate Presentation 3Q24 4.1 Approval of IMIV (Road Permit), and Submission of Environmental Impact Statement for the Vitacura Project The Company received approval for the Road Impact Mitigation Report (IMIV) for its project in Vitacura. In addition, the Environ
Slide 19: Disclaimer
Disclaimer The information contained in this presentation has Cenco Malls and its subsidiaries, directors, and been prepared by Cencosud Shopping S.A. employees accept no responsibility for any loss or (“Cenco Malls”) for informational purposes only. It damage that may arise from the use of this sho
Slide 20: CeENCO'NALLS
a CeENCO'NALLS a
Cencosud Shopping S.A. (Cenco Malls) — Q3 2024 Earnings Presentation on 6ix