Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Q1 2025 Earnings Presentation
23 slides from Cencosud Shopping Sa's earnings presentation, June 2025
Slide 1: Corporate Presentation First Quarter 2025
Corporate Presentation 1Q25 Corporate Presentation First Quarter 2025
Slide 2: About Cenco Malls
Corporate Presentation 1Q25 01 About Cenco Malls
Slide 3: Cenco Malls at a Glance
Corporate Presentation 1Q25 1.1 Cenco Malls at a Glance (1) Who Are We? Cenco Malls is one of the leading developers and operators of shopping centers in South America, with presence in Chile, Peru, and Colombia. The Company owns 40 shopping centers, 1 office complex, and a land bank in Chile and Pe
Slide 4: Strong Regional Presence
Corporate Presentation 1Q25 1.2 Strong Regional Presence Extensive presence in the Andean region with a Best-in-class portfolio CHILE (1) PERU COLOMBIA • 11 Shopping Centers • 2 Shopping Centers • 2 Shopping Centers • 22 Power Centers • 1 Power Center • 2 Power Centers • Great tower Costanera Office
Slide 5: Cenco Malls – Key Figures
Corporate Presentation 1Q25 1.3 Cenco Malls – Key Figures Key Figures (1) LTM 1Q25 LTM 1Q24 Var. % +2,100 Stores GLA (sqm) 40 1,378,732 1,359,081 1.4% Tenant Sales (USD MM) 5,072 4,564 11.1% Revenues (USD MM) 381 338 12.5% Shopping Centers Visits (‘000) 135,041 118,439 14.0% Occupancy Rate 98.2% 98.
Slide 6: Diversified GLA by Category, with a focus on Chile
Diversified GLA by Category, with a Corporate Presentation 1Q25 1.4 focus on Chile ✓ The participation of essential GLA by Category (1) (March 2025) services predominates in shopping Vacant Entertainment Services, Offices and Hotel centers (+84 bps YoY) 6.9% 8.0% 1.8% ✓ The entertainment category ha
Slide 7: Organizational Structure & Board of Directors
1.5 Organizational Structure & Board of Corporate Presentation 1Q25 Directors Organizational Structure (1) Manfred Board of Directors Paulmann CEO Internal Audit Sebastián Bellocchio* Manager Claudio Rojas CFO Commercial Manager Peter Jaime Agustín Letelier* Felipe Castro* Paulmann Soler Operations
Slide 8: Corporate Strategy
Corporate Presentation 1Q25 02 Corporate Strategy
Slide 9: Differentiating factors: Strategy Based on Pillars
Differentiating factors: Corporate Presentation 1Q25 2.1 Strategy Based on 4 Pillars 1 • Customer Knowledge • Innovation • Entrepreneuership and Sustainability • Growth and Profitability Value Proposition 2 Standing out for its premium quality, strategically located in high density areas, and anchor
Slide 10: Leaders in profitability and competitive advantages
Leaders in profitability and competitive Corporate Presentation 1Q25 2.2 advantages 1 • Centralized management and lean structure, with support functions provided through service agreements with Cencosud. • Access to a robust technological platform and group-level innovation investments. Centralized
Slide 11: Sustainability Pillars
Sustainability Pillars Corporate Presentation 1Q25 2.3 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 12: Business Structure
Corporate Presentation 1Q25 03 Business Structure
Slide 13: Income Statement Waterfall First Quarter 2025
3.1 Income Statement Waterfall Corporate Presentation 1Q25 First Quarter 2025 Income Statement (1) Gross Net Margin Margin 96.8% 73.7% • The Company recorded a 96.8% Gross Margin and a 109.9% Operating Margin (including asset revaluation), reinforcing Cenco Malls' cost efficiency. • As of March 2025
Slide 14: Resilient Revenues Structure
Corporate Presentation 1Q25 3.2 Resilient Revenues Structure (1) Revenues Breakdown Contract Duration 71.4% 13.4% Fixed Rent Variable Rent Other 10.0% 13.1% 5.9% 5.7% 3.9% Under 2 Between Between Between Over 5 2 and 3 3 and 4 4 and 5 76.5% Occupancy 98.2% 71.4% ~10 years Rate v -5 bps vs Signed for
Slide 15: Key Metrics of the Asset Portfolio
3.3 Key Metrics of the Asset Portfolio Corporate Presentation 1Q25 Participation By Third and Related Parties in Revenues and GLA Related Third Occupancy Rate (2) Visits (3) ('000) 80.0% Chile 98.9% 127,797 73.0% Peru 90.6% 6,051 67.2% 65.8% 64.8% Colombia 92.0% 1,193 57.4% Consolidated 98.2% 135,04
Slide 16: Solid Financial Position
Corporate Presentation 1Q25 3.4 Solid Financial Position March 2025 CLP MM USD MM (1) • The Company mantains the healthiest NDF / Adjusted EBITDA ratio in the industry (2) Total Assets 4,363,076 4,578 • 100% of the debt is contracted at a fixed interest rate, Equity 2,875,162 3,017 denominated in UF
Slide 17: Cash Position YTD as of March 2025
3.5 Cash Position Corporate Presentation 1Q25 YTD as of March 2025 Cash Position Evolution (1) (2) • The Company’s Cash Position increased by 37% during the first quarter of 2025. A key highlight of the period was the Company’s ability to comfortably finance business expansion investments through op
Slide 18: Expansion Plan
Corporate Presentation 1Q25 04 Expansion Plan
Slide 19: 1Q25 Investment Plan Key Progress
1Q25 Investment Plan Key Progress Corporate Presentation 1Q25 4.1 Cenco Temuco Approval of Environmental Impact Declaration (DIA) for Expansion The Environmental Impact Declaration (DIA) was approved on March 26, enabling construction to begin in 2Q25. The project will add over 16,700 sqm of GLA dis
Slide 20: 1Q25 Investment Plan Key Progress
1Q25 Investment Plan Key Progress Corporate Presentation 1Q25 4.2 Cenco Alto Las Condes Remodeling of Former Ripley Space Reconfiguration of the former Ripley store area has commenced. The works will enable higher revenue generation through space optimization, while renewing the mall’s offering for
Slide 21: 1Q25 Investment Plan Key Progress
1Q25 Investment Plan Key Progress Corporate Presentation 1Q25 4.3 Cenco Limonar (Cali, Colombia) Progress on Expansion Works Significant progress was made on the expansion and remodeling works, in line with the established schedule. The project includes over 11,000 sqm of expansion, with completion
Slide 22: Disclaimer
Disclaimer The information contained in this presentation has Cenco Malls and its subsidiaries, directors, and been prepared by Cencosud Shopping S.A. employees accept no responsibility for any loss or (“Cenco Malls”) for informational purposes only. It damage that may arise from the use of this sho
Slide 23: Corporate Presentation 1Q25
Corporate Presentation 1Q25
Cencosud Shopping S.A. (Cenco Malls) — Q1 2025 Earnings Presentation on 6ix