Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Q1 2024 Earnings Presentation
21 slides from Cencosud Shopping Sa's earnings presentation, November 2024
Slide 1: Corporate Presentation First Quarter 2024
Corporate Presentation First Quarter 2024
Slide 2: Agenda
Agenda 01 About Malls Cenco 02 Corporate Strategy 03 Business Structure 04 Expansion Plan |2
Slide 3: About Cenco Malls
01 About Cenco Malls |3
Slide 4: 2023 Key Figures
1.1 Corporate Presentation 1Q24 2023 Key Figures (1) +2.000 Stores in 118 MM Visits (2) +4.9% YoY US$ 330 million Adj. Ebitda +89.7% EBITDA margin 1,359,081 sqm Leasable Area (GLA) +1.5% YoY 40 Shopping Centers 33 4 3 98.3% US$ 4,962MM US$ 3,651 20 Cities Occupancy Rate Tenant Sales Annual Tenant Sa
Slide 5: Cencosud Shopping at a Glance
1.2 Corporate Presentation 1Q24 Cencosud Shopping at a Glance Key Figures (1) Ownership Structure (2) LTM 1Q24 2023 GLA (sqm) 1,359,085 1,361,925 3.3% Tenant Sales (US$ MM) 4,962 5,087 2.5% Cencosud S.A. Revenues (US$ MM) 368 375 19.8% 2.1% Pension Funds Foreigners Visits (MM) 118.4 115.9 Stock Broc
Slide 6: Diversified Business by Format, focused in Chile
1.3 Corporate Presentation 1Q24 Diversified Business by Format, focused in Chile GLA by Country (3) Chile 4.5% Peru COLOMBIA 4.6% Colombia • 2 Shopping Centers • 2 Power Centers • Land Bank (70,792 sqm) • Total GLA: 62,813 sqm PERU 90.9% • 2 Shopping Centers • 1 Power Center • Banco terrenos (16,254
Slide 7: Organizational Structure & Board of Directors
1.4 Corporate Presentation 1Q24 Organizational Structure & Board of Directors Manfred Board of Directors Paulmann Organizational Structure Peter Jaime Paulmann Soler José Raul María Fernandez Susana Carey Stefan Eduardo Krause Novoa Independent Directors Board elected at the Ordinary Shareholder´s m
Slide 8: Corporate Strategy
02 Corporate Strategy |8
Slide 9: Strategic Differentiation: Key Factors
2.1 Corporate Presentation 1Q24 Strategic Differentiation: 5 Key Factors Strategy based on 4 pillars 1 • Customer Knowledge • Innovation • Entreprenuership and Sustainability • Growth and Profitability Value Proposition 2 Distinguished by its premium quality, strategically located in areas of high p
Slide 10: Customer-Centric Culture
2.2 Corporate Presentation 1Q24 Customer-Centric Culture Understanding the needs of the target audience GLA Breakdown by Category (march 2024) with a focus on enhancing the customer experience Entertainment Vacant Services, Offices and 7.3% Continuous monitoring of visitor needs and Hotel 1 demands,
Slide 11: Cost Efficiency and Economies of Scale
2.3 Corporate Presentation 1Q24 Cost Efficiency and Economies of Scale 1 2 3 Efficient management of Benefits of the Shopping Center Design, Capex, and relationship with expenses maintenance costs Cencosud • Transfer of common area costs • Single charge for the initial • Optimizationin contracting t
Slide 12: Sustainability Pillars
2.4 Corporate Presentation 1Q24 Sustainability Pillars 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 13: Business Structure
03 Business Structure | 13
Slide 14: Resilient Revenue Structure
3.1 Corporate Presentation 1Q24 Resilient Revenue Structure Revenues Breakdown Contracts duration Variable Rent 67.3% 10.0% Others 12.6% 16.9% 5.1% 5.6% 5.0% Less than 2 Between Between Between More 2 and 3 3 and 4 4 and 5 than 5 77.4% Fixed Rent Occupancy 98.3% 67.3% ~11 Years Rate v -6 bps vs Sign
Slide 15: Main Figures of Asset Portfolio
3.2 Corporate Presentation 1Q24 Main Figures of Asset Portfolio Participation By Third and Related Parties in Revenues and GLA Occupancy Rate Visits (3) ('000) Related Third (2) Chile 99.1% 114,596 80,0% 71,9% Peru 89.2% 3,843 65,6% 65,0% Colombia 92.0% N.A. 61,2% 57,4% Consolidated 98.3% 118,439 42
Slide 16: Solid Financial Position
3.3 Corporate Presentation 1Q24 Solid Financial Position • The Company has one of the lowest Net Financial Debt/Adjusted EBITDA ratio in the sector as of March 24 CLP MM US$ MM (1) December 2023 Total Assets 4,147,696 4,345 • 100% of the debt is contracted at a fixed interest Equity 2,750,747 2,879
Slide 17: Cash Flow Generation
3.4 Corporate Presentation 1Q24 Cash Flow Generation March 2023 vs December 2023 Cash Flow Cash increased 187.6% from december 2023, as a result of the net increase in operating flow of CLP 77,534 million. Compared to 1Q23, cash flow from v operating activities has increased 6.2%, explained by highe
Slide 18: Expansion Plan
04 Expansion Plan | 18
Slide 19: Investment Plan Progress
4.1 Investment Plan Progress 01 2nd stage Cenco La Molina - Peru 04 Cenco Florida Food Court Remodeling - Chile The remodeling of the food court at Cenco Florida In January, work began on the second stage of Cenco Center is underway, redesigning the standard and La Molina, in Peru, seeking to become
Slide 20: Disclaimer
Disclaimer The information contained in this presentation has Cencosud Shopping and its respective subsidiaries, been prepared by Cencosud Shopping S.A. directors, and employees do not take accountability (“Cencosud Shopping”) for informational purposes for any loss or harm of any kind that might oc
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