Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Q1 2024 Earnings Presentation
19 slides from Cencosud Shopping Sa's earnings presentation, Jul 1, 2024
Slide 1: Earnings Presentation First Quarter 2024
Earnings Presentation First Quarter 2024 Cencosud Shopping S.A.
Slide 2: 1Q24 Highlights
01 1Q24 Highlights |2
Slide 3: 1.1 Relevant Events 1Q24
1.1 Relevant Events 1Q24 01 New Identity: Cenco Malls As part of the evolution of the business and a new strategic approach, through this new identity we seek to optimize the experience of those who visit the shopping centers, promoting excellence and the connection with customers and the community.
Slide 4: 1.2 Relevant Events 1Q24
1.2 Relevant Events 1Q24 04 Official Presenters of Lollapalooza 2024 In March 2024, a new edition of Lollapalooza was held, where "Cenco Malls" was the official presenter. In addition to the above, discounts were delivered through the Mi Mall app. Sky Costanera alliance with the USACH school of arch
Slide 5: 1.3 Investment Plan Progress
1.3 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 6: 1Q24 Results
02 1Q24 Results |6
Slide 7: 2.1 1Q24 Executive Summary
2.1 1Q24 Executive Summary Revenues: increased by 8.4% YoY, driven by the placement of over 20,000 sqm, maintaining a consolidated occupancy rate of 98.3%. Renewals of contracts under more favorable conditions, coupled with increased sales from Sky Mirador and Parking, contributed to the improvement
Slide 8: 2.2 Key Operational Figures
2.2 Key Operational Figures SSR 98.3% +8.9% 2.7% Chile (1) +6.2% v v v v 2.3% Peru Occupancy Rate Visits Tenant Sales -6 bps vs 1Q23 30.8 million vs 1Q23 3.3% Colombia Occupancy Rate Tenant Sales It remained at 98.3%, in line with 1Q23 (-6 bps YoY), Recorded a growth of 6.2% year over year in the qu
Slide 9: 2.3 Resilient Revenues Structure
2.3 Resilient Revenues Structure Revenues Breakdown Contracts Duration (in years) Fixed Rent Variable Rent Other 67.3% v 12.6% v 10.0% 16.9% 5.1% 5.6% 5.0% Less than 2 Between Between Between More than 5 77.4% 2 and 3 3 and 4 4 and 5 FOTO 67.3% ~11 years (1) Signed for +5 years Contracts Average Dur
Slide 10: 2.4 Revenues grow Double Digit in Peru and Colombia
2.4 Revenues grow Double Digit in Peru and Colombia CLP million as of March 31, 2024 Consolidated Revenues • Solid consolidated occupancy rate Revenues vs 1Q23 75,632 82,016 v • Placement of more than 20,000 sqm YoY +8.4% • Higher revenues from Sky Costanera and Parking 1Q23 1Q24 CHILE PERU COLOMBIA
Slide 11: 2.5 EBITDA Ajustado grows 6.8% YoY
2.5 EBITDA Ajustado grows 6.8% YoY CLP million as of March 31, 2024 Consolidated Adjusted EBITDA +6.8% Adjusted EBITDA • Higher Revenues compared to 1Q23 Margin v • Better Operating Income 68,516 73,204 89.3% 1Q23 1Q24 CHILE PERU COLOMBIA • Increase of 5.8% YoY due to • Expansion of 733 bps YoY in •
Slide 12: 2.6 Occupancy Cost at healthy levels
2.6 Occupancy Cost at healthy levels SSS SSR Occupancy Cost +4.6% (1) +2.7% (1) 1Q24 1Q23 8.8% -9.1% +2.3% 8.3% 7.8% 7.0% 6.4% -11.1% +3.3% 5.6% Chile Peru Colombia 1 Measured in CLP. When calculated in UF (inflation-adjustable unit of account in Chile) SSS and SSR would be 0.5% and -1.4%, respectiv
Slide 13: 2.7 Tax and Non-Operating Income
2.7 Tax and Non-Operating Income Non-Operating Income improved by 93.0% as a result of a lower loss in Income from Readjustment Units and due to favorable exchange rate differences. Income Tax, for its part, recorded a negative amount of CLP 20,052 million as a result of a decrease of CLP 6,499 mill
Slide 14: 2.8 YTD Cash Flow Generation as of March 2024
2.8 YTD Cash Flow Generation as of March 2024 Cash Flow +187.6% 151,025 Cash increased 187.6% since December 2023, as a result of the 38,251 13,765 net increase in operating flow of CLP 1,737 1,768 77,534 million. 77,534 Comapred to 1Q23, cash flows from v operating activities increased 6.2% 52,509
Slide 15: 2.9 Capital Structure
2.9 Capital Structure Financial Indicators Unit MAR 24 DEC 23 MAR 23 • As of March, 31, 2024, 100% of the Company’s Gross Financial Debt CLP MM 713,175 706,458 674,550 debt exposed to interest rates was agreed at a fixed rate. This debt corresponds to obligations Duration years 10.6 10.8 11.7 with t
Slide 16: Sustainability Progress
03 Sustainability Progress | 16
Slide 17: 3.1 Sustainability Progress
3.1 Sustainability Progress New project in Waste Management 2.0 Containers to recycle: Aerosols, batteries and lights were set in shopping centers and offices in Colombia, promoting the culture of recycling. In addition, the use of recycled paper for printing in the offices was promoted, reinforcing
Slide 18: 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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