Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Q4 2024 Earnings Presentation
21 slides from Cencosud Shopping Sa's earnings presentation, Apr 1, 2025
Slide 1: Corporate Presentation Fourth Quarter 2024
Corporate Presentation Fourth Quarter 2024
Slide 2: About Cenco Malls
01 About Cenco Malls |2
Slide 3: Cenco Malls at a Glance
Corporate Presentation 4Q24 1.1 Cenco Malls at a Glance (1) USD 374 MM USD 340 MM 134 MM 98.3% Revenues (4) Adjusted EBITDA (4) Visits (4) Occupancy Rate 90.8% EBITDA margin +9.6% YoY -12 bps YoY GLA by Format (2) NEIGHBORHOOD POWER CENTERS MEGA REGIONAL OFFICE TOWERS 38.1% 37.1% 11.2% 8.9% 4.7% 1,3
Slide 4: Cenco Malls at a Glance
Corporate Presentation 4Q24 1.2 Cenco Malls at a Glance Extensive presence in the Andean region with a Best-in-class portfolio CHILE (1) PERU COLOMBIA • 11 Shopping Centers • 2 Shopping Centers • 2 Shopping Centers • 22 Power Centers • 1 Power Center • 2 Power Centers • Cenco Costanera Office • Land
Slide 5: Cenco Malls at a Glance: Key Figures
Corporate Presentation 4Q24 1.3 Cenco Malls at a Glance Key Figures (1) LTM 4Q24 2023 +2,100Stores 40 GLA (sqm) 1,382,370 1,361,925 Tenant Sales (USD MM) 4,987 5,087 Revenues (USD MM) 374 375 Shopping Centers Visits (‘000) 134,182 115,912 Occupancy Rate 98.3% 98.2% EBITDA (USD MM) 340 337 33 4 3 FFO
Slide 6: Diversified GLA by Category, with a focus on Chile
Diversified GLA by Category, with a Corporate Presentation 4Q24 1.4 focus on Chile ✓ The participation of essential GLA by Category (1) (December 2024) services predominates in shopping Vacant Entertainment Services, Offices and Hotel centers. 6.6% 8.0% 1.6% ✓ The entertainment category has increase
Slide 7: Organizational Structure & Board of Directors
1.5 Organizational Structure & Board of Corporate Presentation 4Q24 Directors Manfred Board of Directors Paulmann Organizational Structure (1) CEO Internal Audit Sebastián Bellocchio* Manager Claudio Rojas Peter Jaime CFO Commercial Manager Paulmann Soler Agustín Letelier* Felipe Castro* María Opera
Slide 8: Corporate Strategy
02 Corporate Strategy |8
Slide 9: Strategic Differentiation: Key Factors
Strategic Differentiation: Corporate Presentation 4Q24 2.1 5 Key Factors Strategy Based on 4 Pillars 1 • Customer Knowledge • Innovation • Entrepreneuership and Sustainability • Growth and Profitability Value Proposition 2 Standing out for its premium quality, strategically located in high density a
Slide 10: Cost Efficiency and Economies of Scale
Cost Efficiency and Economies of Scale Corporate Presentation 4Q24 2.2 1 2 3 Efficient management of Shopping Center Design, Capex and Benefits of the relationship expenses maintenance costs with Cencosud • High occupancy rates • One-time charge for the initial • Optimization in contracting contribu
Slide 11: Sustainability Pillars
Sustainability Pillars Corporate Presentation 4Q24 2.3 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 Revenues Structure
Corporate Presentation 4Q24 3.1 Resilient Revenues Structure Revenues Breakdown Contract Duration Variable Rent 68.8% 11.6% 14.2% Others 14.8% 6.7% 4.1% 5.6% Under 2 Between Between Between Over 5 74.2% 2 and 3 3 and 4 4 and 5 Fixed Rent Occupancy 98.3% 68.8% ~10 years Rate v- 1 2 b p s v s Signed f
Slide 14: Key Metrics of the Asset Portfolio
3.2 Key Metrics of the Asset Portfolio Corporate Presentation 4Q24 Participation By Third and Related Parties in Revenues and GLA Related Third Occupancy Rate (2) Visits (3) ('000) 79.9% Chile 99.0% 127,012 72.0% Peru 89.8% 6,030 67.0% 66.0% Colombia 92.6% 1,140 63.3% 58.5% Consolidated 98.3% 134,18
Slide 15: Solid Financial Position
Corporate Presentation 4Q24 3.3 Solid Financial Position September 2024 CLP MM USD MM (1) • The Company reports the lowest Adjusted Net Debt/EBITDA ratios in the sector as of December 2024 Total Assets 4,291,156 4,306 • 100% of the debt is set at a fixed interest rate, in UF, Equity 2,834,499 2,845
Slide 16: Cash Position Evolution
3.4 Cash Position YTD as of December 2024 Corporate Presentation 4Q24 Cash Position Evolution (1) (2) • The Company’s Cash Position remained stable throughout 2024, with a year-over-year decrease of 1.2%. Notably, operating cash flows were sufficient to fund business expansion investments (which con
Slide 17: Expansion Plan
04 Expansion Plan | 17
Slide 18: 4Q24 Investment Plan Key Progress
4Q24 Investment Plan Key Progress Corporate Presentation 4Q24 4.1 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 stag
Slide 19: 4Q24 Investment Plan Key Progress
4Q24 Investment Plan Key Progress Corporate Presentation 4Q24 4.1 Progress on Cenco Alto Las Condes The shopping center is enhancing its spaces by optimizing over 18,000 sqm of GLA with a renewed gastronomic and entertainment offering, aligned with the Company’s tenant mix strategy. This will be car
Slide 20: 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 21: CeENCO'NALLS
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Cencosud Shopping S.A. (Cenco Malls) — Q4 2024 Earnings Presentation on 6ix