Parque Arauco S.a. · BCS:PARAUCO
Parque Arauco — Investor Presentation (March 2013)
26 slides from Parque Arauco's investor presentation, March 2013
Slide 1: Investor Presentation March 2013
Investor Presentation March 2013 years Parque Arauco S.A. www.parauco.com
Slide 2: forecasts provided by the Company with respect to it’s
This document has been prepared by Parque Arauco for the purpose of providing general information about the Company. The Company assumes no responsibility for, or makes any representation or warranty, express or implied, with respect to, the accuracy, adequacy or completeness of the information cont
Slide 3: Contents
Contents > Investment considerations > Projects Summary > Projects under construction
Slide 4: Unique investment vehicle in the region
I) Unique investment vehicle in the region General background1 Shareholder structure3 Summary table 2012 Others Market Cap: 1,736 (US$ MM) 8.3% Number of Shares: 702.7 MM Total revenues (US$ MM) 207 Insurance Free Float: 56% Companies 0.3% EBITDA (US$ MM) 147 Mutual Funds Controller EBITDA margin (%
Slide 5: LatAm business diversified and constant growth
II) LatAm business diversified and constant growth GLA 1Q 2012 GLA 4Q 2012 COLOMBIA Regional Malls: Parque Arboleda 34.000 34.000 Bucaramanga Regional Malls: PERÚ Megaplaza 83.000 83.000 Larcomar 26.000 26.000 Parque Lambramani 28.000 28.000 Megaplaza Chimbote 28.000 MegaStripcenters Mega Chorrillos
Slide 6: History of value creation and good performance
III) History of value creation and good performance Sustained Growth1 Revenues evolution1 EBITDA (US$ MM) Total Revenues (US$ MM ) CAGR 20% CAGR 23% 207 177 146 135 121 147 126 78 99 104 86 49 55 60 42 45 2005 2006 2007 2008 2009 2010 2011 2012 2005 2006 2007 2008 2009 2010 2011 2012 (1) Revenues re
Slide 7: High occupancy rates
IV) High occupancy rates Parque Arauco’s Shopping Centers Shopping Center Total GLA Stake (%) Own GLA Occupancy Parque Arauco Kennedy 108.000 100,0% 108.000 97,4% Arauco Maipú 74.000 100,0% 74.000 97,4% Plaza El Roble 25.000 100,0% 25.000 97,9% Paseo Arauco Estación 68.000 83,0% 56.440 98,3% Arauco
Slide 8: Stable Revenues, contracts and visitors
V) Stable Revenues, contracts and visitors Stable Revenues Structure Contracts Expiration Revenues Composition (Fixed/Variable) (%, 2011) (Based in % of GLA ) 15% 15% 8% <= 1 year Fixed 2 to 3 years 6% 3 to 4 years Variable 70% >= 4 years 85% Source: Parque Arauco GLA & Rental Revenues Composition G
Slide 9: Solid financial situation
VI) Solid financial situation 770 Debt repayment schedule Net financial debt Financial debt amortization (US$ MM ) (US$ MM) Cash: 217 223 553 165 518 517 487 426 78 79 69 64 44 196 14 20 0-3 3-6 6-12 1-2 years 2-3 years 3-4 years 4-5 years 5-10 10-20 2007 2008 2009 2010 2011 2012 months months month
Slide 10: Markets with high growth potential
VII) Markets with high growth potential Positive prospects for commerce Controlled inflation Shopping Centers market share1 Real private consumption growth (%, 2011-2012E) (%, 2012) (%, 2011 ) 9.4% 2.7% 26.0% 2.4% 6.2% 21.0% 5.3% 2.0% 12.0% Chile Colo Perú Chile Colo Perú Chile Colo Perú CHILE COLOM
Slide 11: Markets with high growth potential: penetration
VII) Markets with high growth potential Commerce Sales, Consumer Confidence & Loans Penetration in department stores, supermarkets Variation in 12 months (%,) and home improvement stores by country in LATAM Consumer Loans m2 for 1,000 inhab and GDP per capita (USD) Consumer Confidence (right axis) C
Slide 12: Powerful Landbank
VIII) Powerfull Landbank 106 mm$USD, 60 ha available, 174 $USD / m2 on average Colombia Parque Arauco owns a strategic land BARRANQUILLA bank that ensures it’s future growth Cost (US$ MM) 8 Surface (m² ) 75,000 BOGOTÁ Cost (US$ MM) 33 Peru Surface (m² ) 34,000 PARQUE EL GOLF p Cost (US$ MM) 8 BUCARA
Slide 13: Contents
Contents > Investment considerations > Projects Summary > Projects under construction
Slide 14: Summary of current Investment Plan
> Summary of current Investment Plan PIPELINE PARQUE ARAUCO 2012 - 2013 MM$USD Total % of TOTAL Project Name Country Status Investment Stake GLA Villa el Salvador Perú Opened in april 2012 50,0% 9.000 11 Chimbote Perú Opened in april 2012 33,5% 28.000 26 Buenaventura Outlet Chile Consolidated since
Slide 15: Performance 2012
> Performance 2012 Leasable area growth Total GLA (m²) 13% 682.700 604,000 585,000 353,000 66% 2007* 2010* 2011 2012 CHILE PERU COLOMBIA EBITDA EBITDA (mm $Ch) 103% 71.308 61.356 16% 52.062 18% 30.175 *In 2010 Parque Arauco sold his participation in Alto 15 Palermo (250,000 m2). The GLA from Argenti
Slide 16: Contents
Contents > Investment considerations > Projects Summary > Projects under construction
Slide 17: Arauco Quilicura. Santiago, Chile
> Arauco Quilicura. Santiago, Chile Main stores and attractions Department stores Home improvement (already opened) Food Court Restaurants Entertainment Cinema Current Status Under construction 92% complete General description Total GLA: 33,000 m2 E. Total Investment1: US$ 50 million Opening date: 2
Slide 18: 12,500 m2 additional GLA in Plaza el Roble - Chile
> 12,500 m2 additional GLA in Plaza el Roble - Chile Main stores and attractions New Department store: Hites Expansions in anchor stores More Fashions small stores Better Food Court New Entertainment Renew Cinema Operating asset General description Addition GLA: 12,500 m2 E. Total Investment1: US$ 2
Slide 19: Expansion Parque Arauco Kennedy - Chile
> Expansion Parque Arauco Kennedy - Chile Parque Arauco Kennedy Project: Boulevard IV Total additional GLA: 5.000 m2 E. Total Investment1: US$ 25 million Opening Date: 1Q 2013 Under construction Current Status 98% complete Main Features The new area will consist of a “Luxury District”, entertainment
Slide 20: Expansion Marina Arauco - Chile
> Expansion Marina Arauco - Chile Marina Arauco Project: Expansion, new stores Total GLA: 40.000 m2 E. Total Investment: US$ 67 million Opening Date: 2H 2014 Under construction Main Features The new area will consist of a Supermarket, small stores, services areas and entertainment 20
Slide 21: Mega Express Barranca. Barranca, Perú
> Mega Express Barranca. Barranca, Perú General description Total GLA: 8,000 m2 E. Total Investment1: US$ 13 million Opening date: 2Q 2013 Steady EBITDA : US$ 1 million Under construction Key Features •Neighborhood Shopping Center •Joint venture with partners in Peru: Wiese Family •Supermarket, anch
Slide 22: Mega Express Chincha. Chincha, Perú
> Mega Express Chincha. Chincha, Perú General description Total GLA: 7,500 m2 E. Total Investment1: US$ 10 million Opening date: 1Q 2013 Steady EBITDA : US$ 1 million Under construction Key Features •Neighborhood Shopping Center •Joint venture with partners in Peru: Wiese Family •Supermarket (alread
Slide 23: Mega Express Cañete. Cañete, Perú
> Mega Express Cañete. Cañete, Perú General description Total GLA: 16,800 m2 E. Total Investment1: US$ 12 million Opening date: 2Q 2013 Steady EBITDA : US$ 1.2 million Under construction Key Features •Neighborhood Shopping Center •Joint venture with partners in Peru: Wiese Family •Supermarket, ancho
Slide 24: Bucaramanga. Bucaramanga, Colombia
> Bucaramanga. Bucaramanga, Colombia Main stores and attractions Department stores Small stores Food Court Restaurants Entertainment Cinema Current Status 89% complete Under construction General description Total GLA: 30,000 m2 E. Total Investment1: US$ 100 million Opening date: 2Q 2013 Steady EBITD
Slide 25: Slide 25
Slide 26: Parque Arauco S.A.
Investor Presentation March 2013 years Parque Arauco S.A. www.parauco.com