Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Q2 2024 Earnings Presentation
20 slides from Cencosud Shopping Sa's earnings presentation, November 2024
Slide 1: Corporate Presentation Second Quarter 2024
Corporate Presentation Second Quarter 2024
Slide 2: About Cenco Malls
01 About Cenco Malls |2
Slide 3: Key Figures
Key Figures (1) Corporate Presentation 2Q24 1.1 LTM as of June 2024 121 MM US$ 328 1,369,951 sqm Visits (2) million Adj. Ebitda Gross Leasable Area (GLA) +5.4% YoY +90.4% EBITDA margin +2.1% YoY 98.0% US$ 4,863 MM US$ 3,550 Occupancy Rate Annual Tenant Sales / Tenant Sales sqm -39 bps YoY (1) Figure
Slide 4: Cenco Malls at a Glance
Corporate Presentation 2Q24 1.2 Cenco Malls at a Glance Key Figures (1) Ownership Structure (2) LTM 2Q24 2023 GLA (sqm) 1,369,951 1,361,925 2.7% 2.6% Tenant Sales (US$ MM) 4,863 5,087 1.9% Cencosud S.A. 20.4% Pension Funds Revenues (US$ MM) 363 375 Foreigners Visits (‘000) 121,427 115,912 Stock Broc
Slide 5: Extensive presence in the Andean region with a Best-in-Class portfolio
Corporate Presentation 2Q24 1.3 Extensive presence in the Andean region with a Best-in-Class portfolio +2.000 Stores COLOMBIA 40 • 2 Shopping Centers • 2 Power Centers • Total GLA: 62,813 sqm PERU Shopping Centers • 2 Shopping Centers • 1 Power Center • Banco terrenos (16,254 33 4 3 CHILE (1) sqm) (
Slide 6: Diversified GLA by format and category, with a focus on Chile
Presentación Corporativa 2T24 1.4 Diversified GLA by format and category, with a focus on Chile GLA by Category (1) (June 2024) GLA by Country (2) Entertainment Vacant 4.4% Services, Offices and 7.4% 4.6% Chile Hotel 6.6% Peru 2.0% 31.6% Colombia Retail 91.0% GLA by Format (2) Essential Services 52.
Slide 7: Organizational Structure & Board of Directors
Organizational Structure & Board of Corporate Presentation 2Q24 1.5 Directors Manfred Board of Directors Paulmann Organizational Structure Peter Jaime Paulmann Soler José Raul María Fernandez Susana Carey Stefan Eduardo Krause Novoa Independent Directors Board of Directors elected at the Annual Shar
Slide 8: Corporate Strategy
02 Corporate Strategy |8
Slide 9: Strategic Differentiation: Key Factors
Corporate Presentation 2Q24 2.1 Strategic Differentiation: 5 Key Factors Strategy Based on 4 Pillars 1 • Customer Knowledge • Innovation • Entreprenuership and Sustainability • Growth and Profitability Value Proposition 2 Standing out for its premium quality, strategically located in high density ar
Slide 10: Cost Efficiency and Economies of Scale
Corporate Presentation 2Q24 2.2 Cost Efficiency and Economies of Scale 1 2 3 Efficient management Benefits of the of Shopping Center Design, Capex, and relationship with expenses maintenance costs Cencosud • High occupancy rates • One-time charge for the initial • Optimization in contracting contrib
Slide 11: Sustainability Pillars
Corporate Presentation 2Q24 2.3 Sustainability Pillars 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
cenco’maLLs Business Structure
Slide 13: Resilient Revenue Structure
Corporate Presentation 2Q24 3.1 Resilient Revenue Structure Revenues Breakdown Contract Duration Variable Rent 69,7% 10.1% Others 12.5% 13,7% 7,1% 3,7% 5,7% Less than 2 Between Between Between More 2 and 3 3 and 4 4 and 5 than 5 77.4% Fixed Rent Occupancy 98.0% 69.7% ~11 Years Rate v39 b p s v s Sig
Slide 14: Key Metrics of the Asset Portfolio
Corporate Presentation 2Q24 3.2 Key Metrics of the Asset Portfolio Participation By Third and Related Parties in Revenues and GLA (1) Related Third Occupancy Rate (2) Visits (3) ('000) 80,0% Chile 98.8% 116,861 71,8% 65,9% 65,2% Peru 89.6% 4,059 62,6% Colombia 92.2% 508 57,3% Consolidated 98.0% 121,
Slide 15: Solid Financial Position
Corporate Presentation 2Q24 3.3 Solid Financial Position • The Company shows the lowest Net Financial Debt/Adjusted EBITDA ratio in the sector as of June 2024 June 24 CLP MM US$ MM (1) • 100% of the debt is set at a fixed interest rate, in UF, corresponding to public obligations at an average cost o
Slide 16: Cash Generation
Cash Generation Corporate Presentation 2Q24 3.4 June 2024 vs December 2023 Cash Position Evolution (1) (2) • Cash and cash equivalents increased by 63.8% since December 2023, driven by significant cash generation from operations. This increase was offset by capital expenditures (Capex) and dividend
Slide 17: Expansion Plan
04 Expansion Plan | 17
Slide 18: 2Q24 Investment Plan Key Progress
Corporate Presentation 2Q24 4.1 2Q24 Investment Plan Key Progress 01 04 New Opening of a New Jumbo Store on Level -5 at Cenco Commercial Proposal for Office Towers Costanera In the Costanera and Vitacura office towers, we have A new Jumbo store has opened on level -5 at Cenco Costanera, introduced “
Slide 19: 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 20: CeENCO'NALLS
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Cencosud Shopping S.A. (Cenco Malls) — Q2 2024 Earnings Presentation on 6ix