Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Investor Presentation (December 2022)
23 slides from Cencosud Shopping Sa's investor presentation, December 2022
Slide 1: Corporate Presentation December 2022
CORPORATE PRESENTATION December 2022 Presentación Corporativa 1T21 - CENCOSUD SHOPPING | 11
Slide 2: About Cencosud Shopping
1. ABOUT CENCOSUD SHOPPING Presentación Corporativa 1T21 - CENCOSUD SHOPPING |2
Slide 3: Highlights
HIGHLIGHTS 2,001 Stores2 in CLP 4,374,165 110,578 Tenant Sales Visits (million) 40 Shopping Centers (million) 97.8% 1,346,312 sqm 33 4 3 Occupancy Rate Gross Leasable Area (GLA) CLP 3,248,998 20 Cities Sales by sqm +1.4 million Figures LTM December 2022 Social Media Followers2 1 The count of visits
Slide 4: Cencosud Shopping at a Glance
CENCOSUD SHOPING AT A GLANCE MAIN FIGURES1 OWNERSHIP STRUCTURE2 Controlling Shareholder LTM DEC 2022 2021 3.9% Chilean Pension Funds GLA (sqm) 1,346,312 1,338,168 2.9% Foreign Investors Tenants Sales (USD million) 5,009 5,261 19.1% 1.8% Stock Brokers Revenues (USD million) 329 283 Others Visits (tho
Slide 5: Strategic Pillars 2022
Obsession with Innovation customer Permanent challenge in questioning knowledge what is established, driving and Construction of intelligent promoting changes and new trends, information bases to know in with an omnichannel perspective, depth the competitive extending the dynamics of Retail environm
Slide 6: Cencosud Shopping Solid Financial Position
CENCOSUD SHOPPING SOLID FINANCIAL POSITION SOLID FINANCIAL POSITION • The Board of Directors elected at the AGM of DEC 2022 DEC 2021 April 23, 2021, made up of 7 members, 5 by the Gross Financial Debt (CLP million) 674,550 595,692 controller and 2 independent, is chaired by Duration (years) 11.7 12.
Slide 7: A Business Diversified by Country and Format
A BUSINESS DIVERSIFIED BY COUNTRY AND FORMAT GLA BY COUNTRY2 Chile 3.8% Peru COLOMBIA 4.9% Colombia • 2 Shopping Center • 2 Power Centers • Total GLA: 66,501 sqm PERU 91.3% • 1 Shopping Center • 2 Power Centers • 1 plot3 (4,424 sqm) GLA BY FORMAT2 CHILE1 • Total GLA: 50,554 sqm • 10 Shopping Centers
Slide 8: Investment Highlights
2. INVESTMENT HIGHLIGHTS Presentación Corporativa 1T21 - CENCOSUD SHOPPING |8
Slide 9: Investment Highlights
INVESTMENT HIGHLIGHT 1 Strategy based in 4 pillars: Profitability, Experience, Sustainability and Innovation. Portfolio Best-in-class with unique locations in Chile and a nascent exposure to 2 Peru and Colombia. 3 Track-record of sustainable growth. Value proposition driven by being located in dense
Slide 10: Our Strategy
OUR STRATEGY PROFITABILITY EXPERIENCE SUSTAINABILITY INNOVATION •Operational efficiency • Being accessible and •Committed team • Technology at the inclusive gathering points service of the • Efficient management • Community integration experience of our end of shopping center • Bond with our brands
Slide 11: Sustainability
SUSTAINABILITY CORPORATE PEOPLE PROPERTY PLANET GOVERNANCE Aspects of: Aspects of: Aspects of: Aspects of: • Corporate governance • Employees • Quality • Environmental aspects of our • Compliance • Clients • Food safety facilities. • Ethical management • Communities where we are • Security • Risk ma
Slide 12: Best-in-class Portfolio with Privileged Locations
BEST-IN-CLASS PORTFOLIO WITH PRIVILEGED LOCATIONS AND HIGH EXPOSURE TO HIGHER INCOME AREAS AREA OF INFLUENCE – BREAKDOWN PER SOCIO-ECONOMIC STATUS ABC: 60.6% ABC: 89.9% Above 80% of our GLA in Santiago is located in high 9% 8% income areas, representing nearly half of total GLA1 20% 36% High income
Slide 13: Unparalleled Access to Existing Flagship Assets
UNPARALLELED ACCESS TO EXISTING FLAGSHIP ASSETS AND REMARKABLY CONNECTED COSTANERA CENTER – PRIVILEDGED LOCATION AND WITHIN LIMA’S MOST POPULATED AREA, NEAR THE MULTIPLE ACCESSES ONLY SUBWAY IN PERU San Juan de Lurigancho Metro Station Stops Costanera Center Mall Highway Main Avenue Bus Stops Metro
Slide 14: Costanera Center as an Emblematic Asset in the Region
COSTANERA CENTER AS AN EMBLEMATIC ASSET IN THE REGION 131,641 sqm GLA in Shopping Center 44,070 sqm Of leased offices. 67.8% of occupancy 27.2 million Visits per year1 Tallest Building in South America +320 Stores CLASS A+ Office Buildings5 99.2% Occupancy Rate2 LEED GOLD certified (Shell and Core)
Slide 15: Consistent Track-Record of Growth
CONSISTENT TRACK-RECORD OF GROWTH +25 YEARS OF TRACK - 1.1x RECORD WITH 11X1 GLA 1.6x GLA GROWTH GROWTH GLA GROWTH 3.9x ✓ Achieved a record of 6 openings in GLA GROWTH a year. ✓ Presence in Peru since 2008 and Colombia since 2012. 200,847 sqm 773,422 sqm 1,212,696 sqm 1,346,312 sqm 1993-2001 2002-20
Slide 16: A Proven Expansion Strategy
A PROVEN EXPANSION STRATEGY GLA Landbank Greenfield Optimization ✓ Development of new areas of ✓ Existing landbank: influence ✓ Maximization of GLA potential • Hualpén (364,097 sqm) ✓ Development of new projects • Maipú (275,000 sqm) (Altos del Prado, Limonar and ✓ Value proposition +40,000 sqm in C
Slide 17: Customer Centric Offering, Aligning Tenant Mix with Client Preferences
CUSTOMER CENTRIC OFFERING, SUCCESSFULLY ALIGNING TENANT MIX WITH CLIENT PREFERENCES UNDERSTANDING THE NEEDS OF OUR STAKEHOLDERS GLA BREAKDOWN BY CATEGORY (DECEMBER 2022)1 with a focus on improving the experience of our Servicer, offices & hotel Vacant customers and tenants Entertainment 2.1% 7.6% 2.
Slide 18: Income Breakdown and Contract Length
INCOME BREAKDOWN AND CONTRACT LENGHT INCOME BREAKDOWN 20221 Parking Others 6.6% Variable Rent 4.1% 13.1% Occupancy Rate 77.1% 97.8% + 26 bps vs Dec 21 Fix Rent Contract Lenght 75.2% Contracts signed for 5+ years 18
Slide 19: Optimized Cost Structure with Significant Expense Recovery
OPTIMIZED COST STRUCTURE WITH SIGNIFICANT EXPENSE RECOVERY AND ECONIMIES OF SCALE EFFICIENCIES 1 2 3 Efficient Shopping Centers Layout, maintenance capex Cencosud’s relationship expense policy & expenses benefits • Common areas expenses • One-time charges for the initial • Efficient procurement, tak
Slide 20: Backed by a Solid Financial Position
… BACKED BY A SOLID FINANCIAL POSITION December 20221 CLP million USD million • Company with the lowest leverage among Total Assets 4,059,976 4,744 peers and the lowest financial cost structure Equity 2,684,576 3,137 (average cost of debt 1.54%2). Gross Financial Debt 674,550 788 • Largest debt dura
Slide 21: Main Metrics of Our Asset Portfolio
MAIN METRICS OF OUR ASSET PORTFOLIO GLA PARTICIPATION BY THIRD PARTIES AND RELATED PARTIES1 Chile Perú Colombia Occupancy Visits (thou.)3 Rate2 3ros Chile 98.9% 107,859 3ros 3ros 22,8% Peru 82.1% 2,719 35,6% Colombia 89.5% n.a. 49,7% 50,3% Consolidated 97.8% 110,578 64,4% EERR 77,2% EERR Sales (CLP
Slide 22: Disclaimer
DISCLAIMER Cencosud Shopping and its respective subsidiaries, The information contained in this presentation has been directors, and employees do not accept any liability prepared by Cencosud Shopping S.A. ("Cencosud for any loss or damage of any kind arising from the use Shopping") for informationa
Slide 23: Presentación Corporativa 1T21 - CENCOSUD SHOPPING
Presentación Corporativa 1T21 - CENCOSUD SHOPPING | 23
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