Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Q4 2023 Earnings Presentation
22 slides from Cencosud Shopping Sa's earnings presentation, July 2024
Slide 1: Cencosud Shopping S.A. Earnings Presentation Fourth Quarter 2023
Cencosud Shopping S.A. Earnings Presentation Fourth Quarter 2023
Slide 2: 4Q23 Highlights
CENCO' mats 4Q23 Highlights
Slide 3: New identity: Cenco Malls
1.1 New identity: The change of identity to Cenco Malls responds to the regional growth strategy, positioning the Company as a recognized, regional and consistent operator with the purpose of leading the generation of spaces and memorable experiences for a better world. Regional brand, a Greater Mar
Slide 4: Relevant Events
1.2 Relevant Events Cenco La Molina obtains an operating license and opened its doors to the public The first stage of the Shopping Center reaches a total of 14,328 sqm, including a Wong supermarket as an anchor store and more than 70 stores, of which 40 are already open to the public. Recognition o
Slide 5: Investment Plan Progress
1.3 Investment Plan Progress Opening of Cenco La Vitacura Shopping Center Cenco Temuco Molina The Company reactivated the processing of The Company submitted the The new mall added 10,037 sqm of the Environmental Impact Statement Environmental Impact Statement GLA and welcomed 40 new tenants. permit
Slide 6: Investment Plan Progress
1.4 Investment Plan Progress Cenco Rancagua Cenco Florida The Company submitted the With almost 1,500 sqm of GLA, a new gym Environmental Impact Statement (DIA) was inaugurated in Cenco Florida, as part of for the expansion of the shopping center the focus of the Investment Plan to enhance in Rancag
Slide 7: 4Q23 Results
02 4Q23 Results
Slide 8: 4Q23 Executive Summary
2.1 4Q23 Executive Summary Revenues: increased 2.7% YoY, driven by the increase of approximately 16,000 sqm of GLA vs December 2022, the improvement in the occupancy rate in Peru (+48 bps consolidated) and the increase in revenues from Sky Costanera and parking lots. Excluding one off effects (1), r
Slide 9: Key Operational Figures
2.2 Key Operational Figures Total GLA: 1,361,925 sqm Occupancy rate: increased 48 bps driven by the 1,201-bps expansion of occupancy rate in Peru. Foot Traffic: increased 3.3% compared to 4Q22 as a result of a recovery in tourism and an 18.2% increase in visits to Cenco Osorno, by strengthening the
Slide 10: Resilient Revenues Structure
2.3 Resilient Revenues Structure Revenues Breakdown Contract Expiration Term (in years) Others 70.7% 11.3% Variable Rent 11.2% 15.0% 4.2% 6.2% 3.9% Less than 2 Between Between Between More than 5 77.5% 2 and 3 3 and 4 4 and 5 Fixed Rent 70.7% ~11 years (1) Signed for 5+ years Contract duration Avera
Slide 11: Chile achieves EBITDA margin of 91.2% despite contraction in consumption
2.4 Chile achieves EBITDA margin of 91.2% despite contraction in consumption (1) 9.6% Revenues 305,184 Chile 4Q23 278,429 Revenues +2.1% Placement of almost 7,000 sqm of +2.1% Revenues in LC GLA from December 2022 79,874 81,575 Higher occupancy rate (+5 bps YoY) +2.1% vs 4Q22 Higher revenues from Pa
Slide 12: Peru boosted by higher occupancy and opening of Cenco La Molina
2.5 Peru boosted by higher occupancy and opening of Cenco La Molina +14.7% Revenues 5,512 Peru 4Q23 4,804 Revenues +14.0% Increase in occupancy rate by 1,201 +14.0% Revenues in LC bps 1,549 1,360 Incorporation of more than 10,000 +13.0% vs 4Q22 sqm in Cenco La Molina Higher revenues from third parti
Slide 13: Solid performance by Cenco Altos del Prado in Colombia
2.6 Solid performance by Cenco Altos del Prado in Colombia +10.0% Revenues 4,090 Colombia 4Q23 3,717 Revenues +39.6% Better performance in Cenco +39.6% Revenues in LC Santa Ana shopping center 1,115 Increase in sales in Cenco Altos del 798 +20.6% vs 4Q22 Prado and Cenco Santa Ana 4Q22 4Q23 12M22 12M
Slide 14: Competitive Occupancy Cost despite a Challenging Macro Environment
2.7 Competitive Occupancy Cost despite a Challenging Macro Environment SSS (1) SRR (1) Occupancy Cost -7.9 % -2.5 % 4Q23 8.9% 4Q22 -5.0 % 2.3 % 8.0% 7.3% 6.4% 6.6% 5.8% -9.9 % 40.0 % Chile Peru Colombia 1 Figures for Chile denominated in UF (variation in real terms), in the case of Peru and Colombia
Slide 15: Tax and Non-Operating Income
2.8 Tax and Non-Operating Income Non-Operating Income improved by 40.0% due to a lower loss due to Income from Readjustment Units and Exchange Rate Differences, explained by a lower variation in the UF during the quarter compared to 2022, and a lower fluctuation in the exchange rate YoY. Income Tax,
Slide 16: Cash Flow Generation: December 2023 vs December 2022
2.9 Cash Flow Generation: December 2023 vs December 2022 Cash Flow Cash increased 13.9% YoY, as a result of the net increase in operating flow of CLP 249,918 million. The cash flow from operating activities in the 2023 period has v been 11.8% higher than last year, explained by higher collections fr
Slide 17: Capital Structure
2.10 Capital Structure Financial Metrics Unit DEC 23 DEC 22 Gross Financial Debt CLP MM 706,458 674,550 • As of December 31, 2023, 100% of the Duration years 10.8 11.7 Company's debt exposed to interest rates was Cash CLP MM 116,450 98,965 agreed at a fixed rate. This debt corresponds to Net Financi
Slide 18: Sustainability Progress
CENCO' mats Sustainability Progress
Slide 19: Sustainability Progress
3.1 Sustainability Progress Launch of Integrated Environmental Cencosud Shopping S.A. enters the DJSI and Energy Management Policy Chile in 2023 and is part of the DJSI MILA Pacific Alliance The Company has taken an important step by creating the Thanks to advances in sustainability, the Company has
Slide 20: Sustainability Progress
3.2 Sustainability Progress “Stop Cancer” Program Christmas with Meaning A new edition of the Stop Cancer program 10 foundations were sponsored and supported through the was carried out together with the Arturo donation of gifts and Christmas celebrations, holding 4 parties López Pérez Foundation, t
Slide 21: Disclaimer
Disclaimer The information contained in this presentation has Cencosud Shopping and its respective subsidiaries, been prepared by Cencosud Shopping S.A. directors, and employees do not take accountability (“Cencosud Shopping”) for informational purposes for any loss or harm of any kind that might oc
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