Multiplan Empreendimentos Imobiliarios SA · BMFBOVESPA:MULT3
Multiplan Empreendimentos Imobiliarios SA — Q1 2018 Earnings Presentation
10 slides from Multiplan Empreendimentos Imobiliarios SA's earnings presentation, 2018
Slide 1: 1Q18 Conference Call Presentation
1Q18 Conference Call Presentation
Slide 2: Disclaimer
Disclaimer 1Q18 Conference Call Presentation This document may contain prospective statements, which are subject to risks and uncertainties as they are based on expectations of the company’s management and on available information. The company is under no obligation to update these statements. The w
Slide 3: Operational Indicators
Operational Indicators 1Q18 Conference Call Presentation Same Area / Same Store Sales – SAS and SSS Tenants’ sales growth and turnover – 1Q18 CAGR: +5.9% +7.2% 3.4 B 9.3% 3.3% 3.2 B 3.0 B 5.7% 5.6% 2.9 B 4.2% 8.3% 2.9% 3.3% ‘ 2.7 B Turnover of 4.3% 38,297 sq.m. 3.2% 2.9% 1.6% of GLA in Mar-18 (LTM)
Slide 4: Gross Revenue and Property Ownership Results
Gross Revenue and Property Ownership Results 1Q18 Conference Call Presentation Gross revenue Rental revenue Parking revenue 3.8% 5.3% 321.4 M Base rent 9.8% 309.7 M 69.1% 240.6 M Parking 228.5 M 15.7% Rental 50.3 M 74.9% 45.8 M Services 7.4% Merchand. Others 1 5.5% Overage 2.1% 2.5% 1Q17 1Q18 1Q17 1
Slide 5: Operating and Financial Results
Operating and Financial Results 1Q18 Conference Call Presentation Evolution of G&A and as % of net Share-based compensations and Shopping center expenses and as revenue stock price (R$) % os shopping center revenues1 26.1 26.1 M M 24.5 24.5 MM -9.7% -4.0% 73.33 73.33 70.90 70.90 66.30 65.32 68.68 68
Slide 6: Operating and Financial Results
Operating and Financial Results 1Q18 Conference Call Presentation EBITDA and margin (%) Net income and margin (%) FFO and margin (%) 24.2% 58.6% 80.8% 232.6 M 146.9 M 187.3 M 98.1 M 92.7 M 79.6% 54.3 M 50.3% 67.2% 33.6% 33.2% 19.5% 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 2017 2017 2017 2016 2016 2016 Operatio
Slide 7: Debt and Cash
Debt and Cash 1Q18 Conference Call Presentation Evolution of Net Debt to EBITDA Financial expenses and coverage ratio 5.04x Lowest 223.0 M 231.9 M 226.9 M 4.00x Covenant 199.8 M 4.00x 172.7 M 4.13x 3.00x 3.62x 3.55x 3.62x 2.00x 2.39x 2.40x 2.35x 2.34x 2.33x Lowest Covenant 2.00x 1.00x Mar-17 Jun-17
Slide 8: Debt and Cash
Debt and Cash 1Q18 Conference Call Presentation Multiplan’s debt amortization schedule on March 31, 2018 Cash (Mar-18) 776 M FFO (LTM) 613 M 1 2018 294 M 2019 394 M 2020 504 M 2021 437 M 2022 413 M 2023 421 M 2024 120 M 2025 89 M 2026 26 M 2027 26 M 2028 26 M 2029 26 M 2030 26 M 2031 7M 1 Debt amort
Slide 9: Project Development
Project Development 1Q18 Conference Call Presentation ParkShopping Jacarepaguá 39,000 sq.m. of GLA; Multiplan’s stake: 91% (100% of CAPEX); 230+ stores (15 anchor and mega stores); 3,000 jobs expected. 2,100 parking spaces; Artist’s rendering for illustrative purposes only – Project subject to chang
Slide 10: IR Contact
IR Contact Armando d’Almeida Neto CFO and IRO Hans Melchers Investor Relations and Planning Director Franco Carrion Investor Relations Manager Leandro Vignero Investor Relations Analyst Nathalia Boiseaux Investor Relations Analyst Tel.: +55 (21) 3031-5600 Fax: +55 (21) 3031-5322 E-mail: ri@multiplan
Multiplan Empreendimentos Imobiliários — Q1 2018 Earnings Presentation on 6ix