Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Q4 2024 Earnings Presentation
23 slides from Cencosud Shopping Sa's earnings presentation, March 2025
Slide 1: Earnings Presentation Fourth Quarter 2024
Earnings Presentation Fourth Quarter 2024
Slide 2: 01. 4Q24 Highlights
01. 4Q24 Highlights |2
Slide 3: Highlights of the Period
1.1 Highlights of the Period Earnings Presentation – 4Q24 01 Cenco Malls Recognized at the Eikon Chile 2024 Awards Cenco Malls was honored at the Eikon Chile 2024 Awards for its excellence in communication recognized for its impactful marketing, sustainability, and branding campaigns carried out in
Slide 4: Highlights of the Period
1.2 Highlights of the Period Earnings Presentation – 4Q24 04 The B2B Platform has been launched in Colombia, marking the Launch of B2B Platform in Colombia completion of its regional rollout and consolidating operations in Chile, Peru, and Colombia. This innovative tool enhances tenant interaction a
Slide 5: Investment Plan Key Progress
1.3 Investment Plan Key Progress Earnings Presentation – 4Q24 01 Progress in Permits for Expansion in Rancagua In December, the Road Impact Mitigation Report (IMIV) for the Rancagua project was approved, successfully meeting regulatory requirements and enabling progress to the next development stage
Slide 6: Investment Plan Key Progress
1.4 Investment Plan Key Progress Earnings Presentation – 4Q24 Progress on Renovation and Expansion Works 03 Cenco Costanera The renovation of the fifth level has been completed, featuring upgraded flooring, lighting, and restaurant terraces. Additionally, construction is progressing on three new din
Slide 7: 02. 4Q24 Results
02. 4Q24 Results
Slide 8: 4Q24 Executive Summary
2.1 4Q24 Executive Summary Earnings Presentation – 4Q24 Consolidated Revenue Consolidated Adjusted EBITDA (CLP Million) +12.2% (CLP Million) +13.2% 353,184 320,677 19.2% 314,785 283,307 18.1% 84,239 100,420 75,889 89,598 4Q23 4Q24 12M23 12M24 4Q23 4Q24 12M23 12M24 Revenues increased by 19.2%, explai
Slide 9: 4Q24 Executive Summary
2.2 4Q24 Executive Summary Earnings Presentation – 4Q24 › FFO (Funds From Operations): Increased 10.9% YoY, reaching CLP 62,993 million. This growth reflects the increase in gross profit (+19.0%), partially offset by higher administrative and sales expenses. › Distributable Net Income (1): Reached C
Slide 10: Key Operational Figures
2.3 Key Operational Figures Earnings Presentation – 4Q24 Occupancy Rate 98.3% The occupancy rate in 4Q24 remained stable compared to 4Q23 (-12 bps YoY), despite the addition of over 20,000 sqm of new leasable area YoY. In Chile, it remained at 99.0%, while in Colombia, the occupancy rate increased b
Slide 11: Cenco Malls Maintains a Resilient Revenue Structure
2.4 Cenco Malls Maintains a Resilient Earnings Presentation – 4Q24 Revenue Structure Revenues Breakdown Contracts Maturity (in years) 68.8% 14.1% Fixed Rent v 14.4% Variable Rent 14.8% 6.7% 4.1% 5.6% Under 2 Between Between Between Over 5 71.5% Other 2 and 3 3 and 4 4 and 5 68.8% ~10 years (1) Foto
Slide 12: Chile: Expansion of +22,000 sqm of GLA YoY
2.5 Chile: Expansion of +22,000 sqm of GLA YoY Earnings Presentation – 4Q24 Chile Revenues Adjusted EBITDA +11.5% (CLP Million) (CLP Million) +12.7% 305,184 340,179 311,978 +19.0% +17.9% 276,774 81,575 97,107 74,359 87,650 4Q23 4Q24 12M23 12M24 4Q23 4Q24 12M23 12M24 › Revenue increased by 19.0% comp
Slide 13: Peru: Double-digit Increase in Revenue and Adjusted EBITDA YoY
2.6 Peru: Double-digit Increase in Revenue and Earnings Presentation – 4Q24 Adjusted EBITDA YoY Peru Revenues Adjusted EBITDA +41.3% (CLP Million) (CLP Million) +38.7% 7,790 +35.0% 6,392 5,512 +35.6% 4,607 1,549 2,091 1,499 1,106 4Q23 4Q24 12M23 12M24 4Q23 4Q24 12M23 12M24 › Revenue increased by 24.
Slide 14: Colombia: Revenue Increased by ~10% YoY
2.7 Colombia: Revenue Increased by ~10% YoY Earnings Presentation – 4Q24 Compared to 4Q23 Colombia Revenues Adjusted EBITDA +27.5% (CLP Million) (CLP Million) +19.8% 5,214 4,090 2,306 +9.6% 1,926 +6.0% 1,115 1,221 425 450 4Q23 4Q24 12M23 12M24 4Q23 4Q24 12M23 12M24 › Revenue increased by 7.9% in COP
Slide 15: Efficient Cost Structure and Strong Organic Growth Across the Region
2.8 Efficient Cost Structure and Strong Organic Earnings Presentation – 4Q24 Growth Across the Region Occupancy Rate SSS +7.3% (1) +0.2% -2.8% 4Q24 4Q23 8.7% 8.9% 8.7% 8.8% SSR +8.2% (1) +1.7% +11.3% 8.2% 7.6% 7.3% 6.6% Foto Chile Peru Colombia Consol. | 15 (1) Figures in local currencies (CLP, PEN
Slide 16: Tax and Non-Operating Income
2.9 Tax and Non-Operating Income Earnings Presentation – 4Q24 › The Non-Operating Result improved by 60.7% versus 4Q23, mainly driven by a positive effect from exchange rate differences and a less negative impact from adjustment units. › Income Tax increased by 169.6% YoY, primarily due to a 35.8% r
Slide 17: Cash Position 2024
2.10 Cash Position 2024 Earnings Presentation – 4Q24 Cash Position Evolution (1) (2) The Company's Cash Position remained stable throughout 2024, with a 1.2% YoY decrease. Notably, operating cash flows were sufficient to finance business expansion investments, which increased its cash flows by 14.9%
Slide 18: Capital Structure
2.11 Capital Structure Earnings Presentation – 4Q24 Financial Indicators Unit DEC 24 DEC 23 • As of December 31, 2024, 100% of the debt Gross Financial Debt CLP MM 737,357 706,458 exposed to interest rates was agreed at a fixed rate. This debt consists of obligations with the Duration years 10.1 10.
Slide 19: 03. Sustainability Progress
03. Sustainability Progress
Slide 20: Sustainability Progress
3.1 Sustainability Progress Earnings Presentation – 4Q24 Corporate Governance Cenco Malls Recognized in the S&P Global Yearbook In 2024, more than 7,690 companies were evaluated, with only 780 making it into the S&P Global Sustainability Yearbook. Cenco Malls stood out among the top performers in it
Slide 21: Sustainability Progress
3.2 Sustainability Progress Earnings Presentation – 4Q24 People Stop Cancer: Breast Cancer Awareness Campaign In October, the tenth edition of Stop Cancer was held, reaching a regional scale for the first time with its expansion to Peru and Colombia. In Chile, more than 1,000 mammograms were provide
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: CeENCO'NALLS
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Cencosud Shopping S.A. (Cenco Malls) — Q4 2024 Earnings Presentation on 6ix