Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Q2 2025 Earnings Presentation
24 slides from Cencosud Shopping Sa's earnings presentation, August 2025
Slide 1: Earnings Presentation Second Quarter 2025
Earnings Presentation Second Quarter 2025
Slide 2: 2Q25 Highlights
01 2Q25 Highlights |2
Slide 3: 2Q25 Highlights
1.1 2Q25 Highlights Launch of the High Rise at Office HUB Costanera Leasing of Class A office spaces began on floors 45 to 60 of Gran Torre Costanera with a launch event featuring a presentation by Pablo Allard (1). This milestone further strengthens Costanera’s position as a key business hub in the
Slide 4: 2Q25 Highlights
1.2 2Q25 Highlights Mother’s Day campaign in 12 Shopping Centers The initiative brought together over 36,000 participants, representing a 38% increase in engagement compared to the previous edition. For the first time, it included Cenco Angamos in Chile and added partnerships with banks, enhancing t
Slide 5: Investment Plan Key Progress
1.3 Investment Plan Key Progress Cenco Temuco Start of expansion works In June, construction began on the expansion project, which will add 16,700 sqm of new GLA, marking a new stage in the development of the shopping center. Cenco Costanera New retail gallery and connectivity improvements The new r
Slide 6: Investment Plan Key Progress
1.4 Investment Plan Key Progress Cenco Alto Las Condes Progress in food court areas The structural works for the new food court was completed, and tenant fit-outs have begun. Construction began on the new Rincón Jumbo in the Mirador del Alto sector, which will complement the center’s food offering.
Slide 7: Investment Plan Key Progress
1.5 Investment Plan Key Progress Cenco Rancagua Progress on permits and bidding process During the quarter, the expansion project obtained its Environmental Qualification Resolution. The project is currently in the bid review phase . The expansion will add 34,000 sqm of GLA, distributed across three
Slide 8: 2Q25 Results
02 2Q25 Results
Slide 9: 2Q25 Executive Summary
2.1 2Q25 Executive Summary Consolidated Revenues Consolidated Adjusted EBITDA (CLP Million) (CLP Million) +8.6% +8.5% +7.2% +6.0% 166,892 181,252 150,583 163,378 84,876 90,979 77,379 82,003 2Q24 2Q25 6M24 6M25 2Q24 2Q25 6M24 6M25 Revenues increased by 7.2%, explained by: Adjusted EBITDA increased by
Slide 10: 2Q25 Executive Summary
2.2 2Q25 Executive Summary CLP million 2Q25 2Q24 Var. (%) 6M25 6M24 Var. (%) Revenues 90,979 84,876 7.2% 181,252 166,892 8.6% Adjusted EBITDA / NOI 82,003 77,379 6.0% 163,378 150,583 8.5% % Adjusted EBITDA / NOI 90.1% 91.2% -103 bps 90.1% 90.2% -9 bps FFO 64,063 65,255 -1.8% 126,664 123,902 2.2% Net
Slide 11: Revenue Structure
2.3 Revenue Structure Revenue Breakdown (1) 13.5% Fixed Rent Contracts Maturity (in years) Variable Rent 71.0% Other 10.3% 15.7% 6.4% 76.2% 4.1% 2.9% Less than 2 Between Between Between Over 5 2 and 3 3 and 4 4 and 5 71.0% 10.0 años (2) Maturity of over 5 Contracts Average years Duration (1) The "Ot
Slide 12: Chile – ~26,000 sqm of additional leased space drive revenues
2.4 Chile – ~26,000 sqm of additional leased space drive revenues Chile +9.0% 174,687 160,276 Revenues +7.5% > Higher fixed income from new tenants, with an increase of +26,000 sqm YoY in 81,567 87,699 Revenues occupied GLA (~11,000 sqm in malls and ~15,000 sqm in office spaces). Revenues +7.5% YoY
Slide 13: Peru – Same Store Sales growth outpaces inflation
2.5 Peru – Same Store Sales growth outpaces inflation Peru +1.3% 3,876 3,925 Revenues +0.3% > Decrease in occupancy (-63 bps) and 1,971 1,977 Revenues tenant discounts. > Foot traffic increased by 8.9% YoY. Revenues +0.3% YoY in CLP > Same Store Sales grew 2.6% YoY, outpacing inflation (1.7% as of J
Slide 14: Colombia – YoY improvements in occupancy, foot traffic, and sales
2.6 Colombia – YoY improvements in occupancy, foot traffic, and sales Colombia -3.7% 2,740 2,640 Revenues -2.6% > Improved fixed income due to contractual rent adjustments across all locations. 1,338 1,304 Revenues > Increase in variable rent, driven by higher tenant sales at Cenco Altos del Prado a
Slide 15: Same Store Sales growth across all countries
2.7 Same Store Sales growth across all countries Occupancy Cost 2Q25 2Q24 SSS +3.0% (1) +2.6% +10.0% 8.8% 8.8% 8.8% 8.7% 8.8% 8.5% SSR +5.8% (1) -3.3% +4.7% 7.5% 7.2% Chile Peru Colombia Consolidated Earning Presentation– Second Quarter 2025 | 15 (1) Figures in local currencies (CLP, PEN and COP, re
Slide 16: Key Operational Figures
2.8 Key Operational Figures Occupancy rate Reached 98.5%, expanding by 46 bps compared to 2Q24, with a notable improvement in occupancy at shopping centers in Chile (+51 bps). Foot traffic 98.5% +1.1% YoY Visits Increased by 1.1% YoY, despite ongoing interventions at several shopping centers. Highli
Slide 17: Tax and Non-Operating Income
2.9 Tax and Non-Operating Income Non-operating Income closed the quarter at CLP -9,969 million, reflecting an improvement of 19.6% YoY, due to lower charges from foreign exchange differences and inflation adjustments, which offset the increase in net financial costs. Income tax expense increased by
Slide 18: Cash Position
2.10 Cash Position (1) (2) As of the end of June 2025, the cash position stood at CLP 79,943 million, representing a 30.5% decrease compared to December 2024. This was mainly due to dividend payments totaling CLP 52,881 million and Capex of CLP 93,666 million related to expansion projects, both larg
Slide 19: Capital Structure
2.11 Capital Structure Financial Indicators Unit JUN 25 DEC 24 JUN 24 Gross Financial Debt CLP MM 753,496 737,357 721,310 • As of June 30, 2025, 100% of the Company’s Duration years 9.6 10.1 10.4 interest rate-exposed debt was contracted at a Cash Position CLP MM 79,943 115,052 146,546 fixed rate. T
Slide 20: Sustainability Progress
03 Sustainability Progress
Slide 21: Sustainability Progress
3.1 Sustainability Progress Cenco Malls recognized in the 2025 Sustainability Yearbook Cenco Malls was included in the S&P Global’s 2025 Sustainability Yearbook, following its strong performance in the Corporate Sustainability Assessment (CSA). Out of a total of 7,690 companies assessed across 62 in
Slide 22: Sustainability Progress
3.2 Sustainability Progress Sky Costanera renews sponsorship of ”Aula a Cielo Abierto" Sky Costanera renewed its sponsorship of the “Aula a Cielo Abierto” program, in collaboration with the Ministry of Education and SERNATUR. This initiative provided free visits for students from across Chile and fo
Slide 23: Disclaimer
Disclaimer The information contained in this presentation has Cenco Malls and its subsidiaries, directors, and been prepared by Cencosud Shopping S.A. (“Cenco employees accept no responsibility for any loss or Malls”) for informational purposes only. It should not damage that may arise from the use
Slide 24: CeENCO'NALLS
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Cencosud Shopping S.A. (Cenco Malls) — Q2 2025 Earnings Presentation on 6ix