Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Investor Presentation (March 2023)
22 slides from Cencosud Shopping Sa's investor presentation, March 2023
Slide 1: Corporate Presentation March 2023
CORPORATE PRESENTATION March 2023 Presentación Corporativa 1T21 - CENCOSUD SHOPPING | 11
Slide 2: About Cencosud Shopping
1. ABOUT CENCOSUD SHOPPING Presentación Corporativa 1T21 - CENCOSUD SHOPPING |2
Slide 3: Highlights
1.1 HIGHLIGHTS +2,000 Stores in 112 Visits (million) 89.8% NOI Margin 40 Shopping Centers 98.3% 1,338,626 m2 33 4 3 20 Gross Leasable Area (GLA) Occupancy Rate CLP 4,368,724 US$ 3,735 Cities Annual Tenant’s Tenant Sales sales by sqm +1.4 million (million) Figures LTM March 2023 Social Media Follower
Slide 4: Cencosud Shopping at a Glance
1.2 CENCOSUD SHOPPING AT A GLANCE MAIN FIGURES1 OWNERSHIP STRUCTURE2 LTM 1Q23 2022 Controlling Shareholder GLA (sqm) 1,338,626 1,346,312 4.1% Chilean Pension Funds 2.4% Foreign Investors Tenant Sales (USD million) 5,000 5,009 19.1% 2.1% Stock Brokers Revenues (USD million) 339 329 Others Visits (tho
Slide 5: A Business Diversified by Country and Format
1.3 A BUSINESS DIVERSIFIED BY COUNTRY AND FORMAT GLA BY COUNTRY3 3.8% COLOMBIA 4.9% Chile • 2 Shopping Center Peru • 2 Power Centers Colombia • Landbank (70,792 sqm) • Total GLA: 64,930 sqm PERU 91.4% • 1 Shopping Center • 2 Power Centers • Land bank (16,254 sqm)2 GLA BY FORMAT3 CHILE1 • Total GLA:
Slide 6: Investment Highlights
2. INVESTMENT HIGHLIGHTS Presentación Corporativa 1T21 - CENCOSUD SHOPPING |6
Slide 7: Investment Highlights
2.1 INVESTMENT HIGHLIGHTS Strategy based in 4 pillars: Customer Knowledge, Innovation, Entrepreneurship & 1 Sustainability and Growth & Profitability. Portfolio Best-in-class with unique locations in Chile and a nascent exposure to 2 Peru and Colombia. Attractive Growth Plan: It is estimated to expa
Slide 8: Corporate Strategy
3. CORPORATE STRATEGY Presentación Corporativa 1T21 - CENCOSUD SHOPPING |8
Slide 9: Corporate Strategy
3.1 CORPORATE STRATEGY ENTREPRENEUERSHIP AND GROWTH AND CUSTOMER KNOWLEDGE INNOVATION SUSTAINABILITY PROFITABILITY •Develop competitive • Establish a distinctive • Lead the industry •Maximize placement advantages to value proposition to generating a of square meters. maximize sales and ensure the po
Slide 10: Sustainability
3.2 SUSTAINABILITY CORPORATE PEOPLE PROPERTY PLANET GOVERNANCE Aspects: Aspects: Aspects: Aspects: • Corporate governance • Employees • Quality • Environmental aspects of the • Compliance • Clients • Food safety operation. • Ethical management • Communities where the • Security • Risk management Com
Slide 11: Optimized Cost Structure and Efficiency in Scale Economics
3.3 OPTIMIZED COST STRUCTURE WITH AND EFFICIENCY IN THE GENERATION OF SCALE ECONOMICS 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, taking trans
Slide 12: Customer Centric Culture
3.4 CUSTOMER CENTRIC CULTURE UNDERSTANDING THE NEEDS OF OUR STAKEHOLDERS GLA BREAKDOWN BY CATEGORY (MARCH 2023)1 with a focus on improving the experience of our customers and tenants Entertainment Vacant Services, Offices and Hotel 7.4% Continuous monitoring of customers’ needs and 1 demands, by foc
Slide 13: Consistent Track-Record of Growth
3.5 CONSISTENT TRACK-RECORD OF GROWTH 30 YEARS OF TRACK - 1.1x RECORD WITH 11X1 GLA 1.6x GLA GROWTH GROWTH GLA GROWTH 3.9x ✓ Achieved a record of 6 openings GLA GROWTH in a year. ✓ Presence in Peru since 2008 and Colombia since 2012. 200,847 sqm 773,422 sqm 1,212,696 sqm 1,338,626 sqm 1993-2001 2002
Slide 14: 2023 - 2027 Investment Plan
3.6 2023 - 2027 INVESTMENT PLAN The 5-year Investment Plan seeks to increase the Company's GLA by 25% -more than 330,000 sqm- strengthening and consolidating leadership at the regional level by offering the best proposal, development opportunities and experience. Render of future Shopping Center in
Slide 15: Projects in Pipeline
3.7 PROJECTS IN PIPELINE GREENFIELD • Vitacura (75,000 sqm of GLA): Will be an open neighborhood space, focused on entertainment areas, including cinemas, gym and restaurants. BROWNFIELD • San Juan de Lurigancho (107,000 sqm of GLA): Large scale project, considering 7 levels, 345 stores, superior te
Slide 16: Business Structure
4. BUSINESS STRUCTURE Presentación Corporativa 1T21 - CENCOSUD SHOPPING | 16
Slide 17: Resilient Income Structure
4.1 RESILIENT INCOME STRUCTURE 1Q23 INCOME BREAKDOWN1 Other 11.1% Variable Rent 10.1% OCCUPANCY RATE 78.7% 98.3% +79 bps vs Mar 22 Fixed Rent CONTRACT LENGTH 72.9% Contracts signed for 5+ years. Corporate Presentation – First Quarter 2023 1 Considers YTD figures as of March 2023. Presentación Corpor
Slide 18: Main Metrics of the Asset Portfolio
4.2 MAIN METRICS OF THE ASSET PORTFOLIO GLA PARTICIPATION BY THIRD PARTIES AND RELATED PARTIES1 Chile Peru Colombia Occupancy Rate2 Visits (thou.)3 3rd 3rd Chile 98.9% 109,276 3rd Peru 94.8% 2,787 22.2% 34.1% Colombia 90.3% n.a. Consolidated 98.3% 112,063 49.6% 50.4% 65.9% Related 77.8% Sales (CLP m
Slide 19: Cencosud Shopping Solid Financial Position
4.3 CENCOSUD SHOPPING SOLID FINANCIAL POSITION SOLID FINANCIAL POSITION CLP million Mar-23 Dec-22 Mar-22 • The Board of Directors elected at the AGM of Gross Financial Debt (CLP million) 684,315 674,550 610,590 April 23, 2021, made up of 7 members, 5 by the Duration (year) 11.5 11.7 12.2 controller
Slide 20: Manageable Capital Structure
4.4 MANAGEABLE CAPITAL STRUCTURE • The Company has the lowest Net Financial Mar-23 CLP million USD million1 Debt to Adjusted EBITDA rate of the market. Total Assets 4,071,675 5,151 Equity 2,690,605 3,404 • Low financial costs structure (average cost of debt 1.54%2). Gross Financial Debt 684,315 866
Slide 21: Disclaimer
DISCLAIMER The information contained in this presentation has been Cencosud Shopping and its respective subsidiaries, prepared by Cencosud Shopping S.A. ("Cencosud directors, and employees do not accept any liability Shopping") for informational purposes only and should for any loss or damage of any
Slide 22: Presentación Corporativa 1T21 - CENCOSUD SHOPPING
Presentación Corporativa 1T21 - CENCOSUD SHOPPING | 22
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