Multiplan Empreendimentos Imobiliarios Sa · BMFBOVESPA:MULT3
Multiplan Empreendimentos Imobiliarios Sa — Q1 2020 Earnings Presentation
12 slides from Multiplan Empreendimentos Imobiliarios Sa's earnings presentation, Mar 31, 2020
Slide 1: Conference Call Presentation
CONFERENCE CALL PRESENTATION BarraShopping, RJ
Slide 2: Disclaimer
DISCLAIMER This document may contain prospective statements, which are subject to risks and uncertainties as they are based on expectations of the Company's management and on available information. The Company is under no obligation to update these statements. The words “anticipate”, “wish”, "expect
Slide 3: Measures to support society; post-pandemic best practice protocols
Measures to support society • Participation in donation campaigns; • Partnerships for COVID-19 testing and flu vaccination; • Donations to health professionals; • Educational campaigns through the malls’ media channels; • Integration of new retailers to the Multi app for sales delivery; and • Suppor
Slide 4: Main initiatives for cash preservation
Main initiatives for cash preservation • Reduction of G&A expenses by 11.7% in 1Q20; • Postponement of Interest on Capital payment of R$148.4 M, net of taxes, to the end of 2020; • Postponement of constructions of expansions and renovations; • Postponement of ParkJacarepaguá’s opening to 2021; • Sig
Slide 5: Growth trend interrupted by temporary closings
-10.2% Growth trend interrupted by 3.2 3.4 3.4 3.0 3.1 temporary closings TENANTS’ SALES Since March 21st, all R$ billion mall operations were suspended 1Q16 1Q17 1Q18 1Q19 1Q20 97.9% 97.4% 97.3% 97.1% 97.9% S A M E S TO R E Same Store Sales 1Q20 x 1Q19 2M20 x 2M19 O CC U PA N C Y SALES PER Anchor S
Slide 6: Sales and rent presented strong growth
Sales and rent presented strong growth +7.8% 2.5 Te n a n t s ’ 2.2 Re n t a l Sales Re v e n u e Sales grew over 7% Rental revenue +0.6 180.7 prior to the suspension presented growth in R$ billion +0.1 of operations, 2M20, in all of its +14.2 considering the first accounts Merchand. two months, or
Slide 7: Acquisitions and beginning-of-year performance lead to 3.8% growth in 1Q20
Acquisitions and beginning-of-year performance lead to 3.8% growth in 1Q20 despite temporary closings Gross revenue growth in 1Q20 (R$ M) Gross revenue breakdown in 1Q20 +0.7 353.0 12.5% +34.9 339.9 -14.1 7.7% Others¹ Rental -5.9 Parking -2.5 Services Rent 13.0% Straight-line effect Parking Others¹
Slide 8: EBITDA, FFO and Net Income boosted by the reduction of expenses
EBITDA, FFO and Net Income boosted by the reduction of expenses – in headquarters and properties – as well as by the one-off non-recurring gain from a stake acquisition¹ NOI EBITDA FFO NET INCOME (Net Operating Income) (Funds From Operations) 298 344 245 178 R$ M R$ M R$ M R$ M 91.3 % MARGIN 105.4 %
Slide 9: Cash is king
R$ million Cash position (Mar-20) 1,149 M D E BT FFO (LTM) 809 M A M O RT I Z AT I O N Cash is king Apr to Dec-2020 501 M 255 M 756 M SCHEDULE on March 31, 2020 2021 425 M 100 M 525 M > Gross debt: R$3,820 M Until the end of 2020, the 2022 682 M 92 M 775 M > Average cost p.a.: 4.73% Company plans to
Slide 10: Lower Selic rate, new debts, and liability management result in a 62 b.p. drop
DEBT AVERAGE INTEREST PER INDEX (p.a.) Lower Selic rate, new debts, On March 31, 2020 and liability management Index Average Cost of Gross result in a 62 b.p. drop in Performance Index Rate¹ Funding Debt (R$) cost of funding, the lowest TR 0.00% 7.47% 7.47% 557.6 M CDI 3.75% 0.51% 4.26% 3,222.4 M av
Slide 11: Number of individual investors and average daily number of trades
+68% 23,552 Daily traded value Daily num. of trades Number of individual AVERAGE DAILY 14,002 142.4 M investors and average NUMBER OF TRADES 5,245 4,240 4,964 AND TRADED VOLUME (R$) daily number of trades In three years, the average 68.7 M continued to increase daily number of trades has 40.6 M 52.4
Slide 12: ri@multiplan.com.br
+55 21 3031-5600 ri@multiplan.com.br
Multiplan Empreendimentos Imobiliarios — Q1 2020 Earnings Presentation on 6ix