Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Q1 2025 Earnings Presentation
24 slides from Cencosud Shopping Sa's earnings presentation, May 2025
Slide 1: Earnings Presentation First Quarter 2025
Earnings Presentation First Quarter 2025 Earning Presentation– First Quarter 2025
Slide 2: Highlights
01 Highlights Earning Presentation– First Quarter 2025 |2
Slide 3: 1.1 Highlights of the Period
1.1 Highlights of the Period New Service Areas in Parking Lots In January, new free service areas were introduced at Cenco Costanera and Cenco Alto Las Condes. These areas include electric vehicle charging stations and tire inflation points, enhancing the visitor experience and supporting sustainabl
Slide 4: 1.2 Events After Quarter-End
1.2 Events After Quarter-End Approval and Payment of Dividends Charged to 2024 Earnings At the 2025 Annual General Shareholders’ Meeting held on April 22, the shareholders’ approved the distribution of a final dividend of $116 per share, representing a dividend yield of 5.7% as of the announcement d
Slide 5: 1.3 Investment Plan Key Progress
1.3 Investment Plan Key Progress 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 distributed across 4 levels. Cenco C
Slide 6: 1.4 Investment Plan Key Progress
1.4 Investment Plan Key Progress Cenco Alto Las Condes Remodeling of Former Ripley Space Reconfiguration of the former Ripley store area began. The works will allow for increased revenue through space optimization, renewing the mall’s offering for its visitors. Cenco Florida Opening of Stores in For
Slide 7: 1.5 Investment Plan Key Progress
1.5 Investment Plan Key Progress Cenco Limonar (Cali, Colombia) Progress on Expansion Works Significant progress was made on the expansion works, in line with the established schedule. The project includes over 11,000 sqm of expansion, with completion projected for 2H25. Parking Launch of New Parkin
Slide 8: 1Q25 Results
02 1Q25 Results Earning Presentation– First Quarter 2025
Slide 9: 2.1 1Q25 Executive Summary
2.1 1Q25 Executive Summary Consolidated Consolidated Adjusted Revenues (CLP Million) EBITDA (CLP Million) +10.1% +10.1% +11.2% +11.2% 82,016 90,273 82,016 90,273 73,204 81,375 73,204 81,375 1Q24 1Q25 3M24 3M25 1Q24 1Q25 3M24 3M25 Revenue Grows 10.1%, driven by: Adjusted EBITDA Grows 11.2%, driven by
Slide 10: 2.2 1Q25 Executive Summary
2.2 1Q25 Executive Summary CLP Million 1Q25 1Q24 Var. (%) 3M25 3M24 Var. (%) Revenues 90,273 82,016 10.1% 90,273 82,016 10.1% Adj. EBITDA (NOI) 81,375 73,204 11.2% 81,375 73,204 11.2% % Adj. EBITDA (NOI) 90.1% 89.3% 89 bps 90.1% 89.3% 89 bps FFO 62,462 58,577 6.6% 62,462 58,577 6.6% Net Income excl.
Slide 11: 2.3 Revenue Structure
2.3 Revenue Structure Revenue Breakdown Contracts Maturity (in years) 71.4% 13.4% 10.0% Fixed Rent Variable Rent 13.1% Other 5.9% 5.7% 3.9% 76.5% Under 2 Betwe Betwe Betwe Over 5 en 2 en 3 en 4 and 3 and 4 and 5 71.4% ~10.2 Maturity of over 5 years years (1) Contracts Average Duration Earning Presen
Slide 12: 2.4 Chile – New Projects Driving Growth and Profitability
2.4 Chile – New Projects Driving Growth and Profitability Chile 86,988 86,988 78,709 78,709 Revenues Higher variable rent due to a 10.2% increase in tenant sales. Revenues Revenues Addition of ~19,000 sqm of GLA with ~99% occupancy. +10.5% 1Q24 1Q25 3M24 3M25 YoY Increase in fixed rental income link
Slide 13: 2.5 Peru – EBITDA Margin Expansion of 1,321 bps
2.5 Peru – EBITDA Margin Expansion of 1,321 bps Peru 1,905 1,948 1,905 1,948 Revenues Revenue Cenco La Molina recorded a 76.7% YoY increase in foot traffic, reflecting a higher Revenue +2.3% YoY in maturity of the shopping center. CLP Cenco Lima (formerly San Juan de -1.0% YoY in Lurigancho) showed
Slide 14: 2.6 Colombia – Progress Continues on Cenco Limonar
2.6 Colombia – Progress Continues on Cenco Limonar for Opening in the Coming Months Colombi 1,402 1,337 1,402 1,337 a Revenues Revenues Improved performance at Cenco Altos del Prado and Cenco Santa Ana Revenues -4.7% YoY in CLP Partially offset by impacts of remodeling and expansion works at Cenco L
Slide 15: 2.7 Reduction in Occupancy Cost Due to Improved Sales in Chile
2.7 Reduction in Occupancy Cost Due to Improved Sales in Chile Occupancy Cost 1Q25 1Q24 SS +7.6% (1) +0.7% 1.5% S 8.7%8.8% 8.9% 8.7%8.8% SSR +8.8% -2.1% +5.2% 7.8% 7.6% (1) 7.0% Chile Peru Colombia Consol. Earning Presentation– First Quarter 2025 | 15 (1) Figures in local currencies (CLP, PEN and CO
Slide 16: 2.8 Key Operational Figures
2.8 Key Operational Figures Occupancy Rate Reached 98.2%, remaining stable compared to the same period last year (-5 bps) despite the addition of nearly 20,000 sqm of GLA versus 1Q24. 98.2% +2.7% YoY Visits Increased by 2.7% YoY, driven by remodeling, Visits expansions, the ongoing development of th
Slide 17: 2.9 Tax and Non-Operating Income
2.9 Tax and Non-Operating Income The Non-Operating Result increased significantly compared to 1Q24, mainly due to negative foreign exchange differences —unlike in 1Q24—and a 61.0% higher result from Inflation-Indexed Units versus the same period. Income tax decreased by 7.6% YoY, driven by a positiv
Slide 18: 2.10 Cash Position
2.10 Cash Position Cash Position Evolution (1) (2) The cash position showed a positive growth during the period. Notably, the Company’s operating cash flows were sufficient to finance business expansion investments (Capex) and meet financial obligations, while also increasing the cash position by 37
Slide 19: 2.11 Capital Structure
2.11 Capital Structure Financial Indicator Unit MAR 25 DEC 24 MAR 24 • As of March 31, 2025, 100% of the Company’s Gross Financial Debt CLP MM interest rate–exposed debt was contracted at 747,439 737,357 713,175 a fixed rate. This debt consist to UF- Duration Years denominated public bonds. 9.8 10.1
Slide 20: Sustainability
03 Sustainabilit y Earning Presentation– First Quarter 2025
Slide 21: 3.1 Sustainability Progress
3.1 Sustainability Progress Creation of Low-Water-Use Gardens at Cenco Florida A total of 4,000 sqm of gardens with low-water-demand vegetation were developed in Zone 1 of Cenco Florida. This initiative is expected to reduce water consumption for irrigation by approximately 54%, contributing to more
Slide 22: 3.2 Sustainability Progress
3.2 Sustainability Progress Participation in Green Building Week from Office HUB Costanera Cenco Malls hosted the opening day of Green Building Week 2025, organized by the Chile Green Building Council. Held on the 45th floor of Office HUB Costanera, the event showcased the building’s sustainable ini
Slide 23: Disclaimer
Disclaimer The information contained in this presentation has Cenco Malls and its subsidiaries, directors, and been prepared by Cencosud Shopping S.A. (“Cenco employees accept no responsibility for any loss or Malls”) for informational purposes only. It should not damage that may arise from the use
Slide 24: Earning Presentation – First Quarter 2025
Earning Presentation– First Quarter 2025