Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Q4 2023 Earnings Presentation
22 slides from Cencosud Shopping Sa's earnings presentation, July 2024
Slide 1: Corporate Presentation Fourth Quarter 2023
Corporate Presentation Fourth Quarter 2023
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 4Q23 2023 Key Figures (1) +2.000 Stores in 116 MM Visits (2) +4.3% YoY US$ 337 million Adj. Ebitda +9.7% YoY 90.0% EBITDA margin 1,361,925 sqm Leasable Area (GLA) +1.2% YoY 40 Shopping Centers +4 bps YoY 33 4 3 98.2% US$ 5,087 MM US$ 3,735 20 Cities Occupancy Rate Tenant S
Slide 5: Cencosud Shopping at a Glance
1.2 Corporate Presentation 4Q23 Cencosud Shopping at a Glance Key Figures (1) Ownership Structure (2) 2023 2022 GLA (sqm) 1,361,925 1,346,057 3.3% Tenant Sales (US$ MM) 5,087 4,049 2.7% Cencosud S.A. Revenues (US$ MM) 375 329 19.8% 2.0% Pension Funds Foreigners Visits (MM) 116 111 Stock Brockers Oth
Slide 6: Diversified Business by Format, focused in Chile
1.3 Corporate Presentation 4Q23 Diversified Business by Format, focused in Chile GLA by Country (3) 4.5% COLOMBIA 4.8% Chile • 2 Shopping Centers Peru • 2 Power Centers Colombia • Land Bank (70,792 sqm) • Total GLA: 64,893 sqm PERU 90.8% • 2 Shopping Centers • 1 Power Center • Banco terrenos (16,254
Slide 7: Organizational Structure & Board of Directors
1.4 Corporate Presentation 4Q23 Organizational Structure & Board of Directors Board of Directors Organizational Structure Directorio Name Position Manfred Paulmann Koepfer Chairman Peter Paulmann Koepfer Director Stefan Krause Niclas Director José Raúl Fernandez Director Independent Rafael Fernandez
Slide 8: Corporate Strategy
02 Corporate Strategy |8
Slide 9: Strategic Differentiation: Key Factors
2.1 Corporate Presentation 4Q23 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 4Q23 Customer-Centric Culture Understanding the needs of the target audience GLA Breakdown by Category (dec 2023) with a focus on enhancing the customer experience Entertainment Vacant Services, Offices and 7.3% Continuous monitoring of visitor needs and Hotel 1 demands, f
Slide 11: Cost Efficiency and Economies of Scale
2.3 Corporate Presentation 4Q23 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 4Q23 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 4Q23 Resilient Revenue Structure Revenues Breakdown Contracts duration Variable Rent 70.7% 10.3% Others 12.0% 15.0% 4.2% 6.2% 3.9% Less than 2 Between Between Between More 2 and 3 3 and 4 4 and 5 than 5 77.7% Fixed Rent Occupancy 98.2% 70.7% ~11 Years Rate v+ 4 8 b p s v s
Slide 15: Main Figures of Asset Portfolio
3.2 Corporate Presentation 4Q23 Main Figures of Asset Portfolio Revenue and GLA Participation (Third Parties and Related Parties) Related Third Occupancy Rate Visits (3) ('000) (2) 77,4% Chile 99.0% 112,633 73,3% Peru 94.1% 3,279 65,2% 65,0% Colombia 88.7% N.A. 59,0% 58,0% Consolidated 98.2% 115,912
Slide 16: Solid Financial Position
3.3 Corporate Presentation 4Q23 Solid Financial Position • The Company has one of the lowest Net Financial Debt/Adjusted EBITDA ratio in the December 23 CLP MM US$ MM (1) sector as of December 2023 Total Assets 4,147,696 4,729 • 100% of the debt is contracted at a fixed Equity 2,750,747 3,136 intere
Slide 17: Cash Flow Generation
3.4 Corporate Presentation 4Q23 Cash Flow Generation December 2023 vs December 2022 Cash Flow Cash increased 13.9% YoY, as a result of the net increase in operating flow of CLP 249,918 million. The cash flow from operating activities in the 2023 period has been 11.8% higher than last year, explained
Slide 18: Expansion Plan
04 Expansion Plan | 18
Slide 19: Investment Plan: Project Advances
4.1 Corporate Presentation 4Q23 Investment Plan: Project Advances Opening of Cenco La Vitacura Shopping Center Cenco Temuco Molina The Company reactivated the processing of The Company submitted the The new mall added 10,037 sqm of GLA the Environmental Impact Statement Environmental Impact Statemen
Slide 20: Investment Plan: Project Advances
4.2 Corporate Presentation 4Q23 Investment Plan: Project Advances Cenco Rancagua Cenco Florida The Company submitted the With almost 1,500 sqm of GLA, a new gym Environmental Impact Statement (DIA) for was inaugurated in Cenco Florida, as part of the expansion of the shopping center in the focus of
Slide 21: Disclaimer
Disclaimer The information contained in this presentation has Cencosud Shopping and its respective been prepared by Cencosud Shopping S.A. subsidiaries, directors, and employees do not take (“Cencosud Shopping”) for informational accountability for any loss or harm of any kind purposes only and shou
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