Parque Arauco S.a. · BCS:PARAUCO

Parque Arauco — Investor Presentation (November 2012)

31 slides from Parque Arauco's investor presentation, November 2012

  1. Slide 1: Investor Presentation November 2012

    Investor Presentation November 2012 years Parque Arauco S.A. www.parauco.com

  2. Slide 2: Disclaimer

    This document has been prepared by Parque Arauco for the purpose of providing general information about the Company. The Company assumes no responsibility for, or makes any representation or warranty, express or implied, with respect to, the accuracy, adequacy or completeness of the information cont

  3. Slide 3: Contents

    Contents > Investment considerations > Projects Summary > Outlook of Parque Arauco > Projects under construction

  4. Slide 4: Contents

    Contents > Investment considerations > Projects Summary > Outlook of Parque Arauco > Projects under construction

  5. Slide 5: Investment Considerations

    Investment Considerations 5

  6. Slide 6: Unique investment vehicle in the region

    I) Unique investment vehicle in the region General background1 Shareholder structure3 Summary table 2011 Others Market Cap: 1,476 (US$ MM) 15.3% Number of Shares: 702.7 MM Total revenues (US$ MM) 173 Insurance Free Float: 54% Companies 0.2% EBITDA (US$ MM) 122 Mutual Funds Controller EBITDA margin (

  7. Slide 7: LatAm business diversified and constant growth

    II) LatAm business diversified and constant growth GLA 1Q 2012 GLA 4Q 2012 Regional Malls: COLOMBIA Parque Arboleda 34,000 34,000 Bucaramanga Regional Malls: PERÚ Megaplaza 83,000 83,000 Larcomar 26,000 26,000 Parque Lambramani 28,000 28,000 Megaplaza Chimbote 28,000 MegaStripcenters Mega Chorrillos

  8. Slide 8: History of value creation and good performance

    III) History of value creation and good performance Sustained Growth1 Revenues evolution1 EBITDA (US$ MM) Total Revenues (US$ MM ) CAGR 24% 200 CAGR 29% 120 173 150 100 146 135 121 80 100 60 122 78 99 104 50 40 86 49 55 60 20 42 45 0 2005 2006 2007 2008 2009 2010 2011 0 (1) Revenues reclassified in

  9. Slide 9: High occupancy rates

    IV) High occupancy rates Parque Arauco’s Shopping Centers Shopping Center Total GLA Stake (%) Own GLA Occupancy Parque Arauco Kennedy 108,000 100.0% 108,000 98.8% Arauco Maipú 64,000 100.0% 64,000 96.3% Plaza El Roble 25,000 100.0% 25,000 97.8% Paseo Arauco Estación 68,000 83.0% 56,440 98.2% Arauco

  10. Slide 10: Stable revenues, contracts and visitors

    V) Stable Revenues, contracts and visitors Stable Revenues Structure Contracts Expiration Revenues Composition (Fixed/Variable) (%, 2011) (Based in % of GLA ) 15% 8% <= 1 year 2 to 3 years 6% 3 to 4 years 70% >= 4 years Source: Parque Arauco GLA & Rental Revenues Composition Count of Visitor (Total

  11. Slide 11: Solid financial situation

    VI) Solid financial situation Debt repayment schedule Net financial debt 732 Financial debt amortization (US$ MM ) (US$ MM) Cash: 233 658 236 590 579 531 531 538 514 499 166 489 409 76 71 79 69 36 23 6 0-3 3-6 6-12 1-2 2-3 3-4 4-5 5-10 10-20 months months months years years years years years years M

  12. Slide 12: Markets with high growth potential

    VII) Markets with high growth potential Positive prospects for commerce Controlled inflation Shopping Centers market share1 Real private consumption growth (%, 2011-2012E) (%, 2012e) (%, 2011 ) 9.4% 3.6% 26.0% 6.2% 21.0% 5.3% 2.5% 2.0% 12.0% Chile Colo Perú Chile Colo Perú Chile Colo Perú CHILE COLO

  13. Slide 13: Penetration in department stores, supermarkets and home improvement

    VII) Markets with high growth potential Commerce Sales, Consumer Confidence & Loans Penetration in department stores, supermarkets Variation in 12 months (%,) and home improvement stores by country in LATAM Consumer Loans m2 for 1,000 inhab and GDP per capita (USD) Consumer Confidence (right axis) C

  14. Slide 14: Powerful Landbank

    VIII) Powerfull Landbank 106 mm$USD, 60 ha available, 174 $USD / m2 on average Colombia Parque Arauco owns a strategic land BARRANQUILLA bank that ensures it’s future growth Cost (US$ MM) 8 Surface (m² ) 75,000 BOGOTÁ Cost (US$ MM) 33 Peru Surface (m² ) 34,000 PARQUE EL GOLF p Cost (US$ MM) 8 BUCARA

  15. Slide 15: Contents

    Contents > Investment considerations > Projects Summary > Outlook of Parque Arauco > Projects under construction

  16. Slide 16: Summary of current Investment Plan

    > Summary of current Investment Plan PIPELINE PARQUE ARAUCO 2012 - 2013 MM$USD Total TOTAL Project Name Country Status % of Stake Investment GLA Villa el Salvador Perú Opened in april 2012 50,0% 9.000 11 Chimbote Perú Opened in april 2012 33,5% 28.000 26 Buenaventura Outlet Chile Consolidated since

  17. Slide 17: Contents

    Contents > Investment considerations > Projects Summary > Outlook of Parque Arauco > Projects under construction

  18. Slide 18: Outlook 2012

    > Outlook 2012 Leasable area growth Total GLA (m²) 11% 800,000 673,000 604,000 600,000 585,000 400,000 353,000 200,000 66% 0 2007* 2010* 2011 2012e CHILE PERU COLOMBIA EBITDA Outlook EBITDA (mm $Ch) 103% 14% - 16% 18% *In 2010 Parque Arauco sold his participation in Alto 18 Palermo (250,000 m2). The

  19. Slide 19: New GLA for 2013

    New GLA for 2013 GLA 2Q 2012 GLA 4Q 2013 Regional Malls: COLOMBIA Parque Arboleda 34,000 34,000 Bucaramanga 30,000 Regional Malls: PERÚ Megaplaza 83,000 83,000 Larcomar 26,000 26,000 Parque Lambramani 28,000 28,000 Megaplaza Chimbote 28,000 28,000 MegaStripcenters Villa Chorrillos 7,000 7,000 Villa

  20. Slide 20: Contents

    Contents > Investment considerations > Projects Summary > Outlook of Parque Arauco > Projects under construction

  21. Slide 21: Arauco Quilicura, Santiago, Chile

    > Arauco Quilicura. Santiago, Chile Main stores and attractions Department stores Home improvement (already opened) Food Court Restaurants Entertainment Cinema Current Status Under construction 45% complete General description Total GLA: 33,000 m2 E. Total Investment1: US$ 50 million Opening date: 1

  22. Slide 22: 12,500 m2 additional GLA in Plaza el Roble

    > 12,500 m2 additional GLA in Plaza el Roble - Chile Main stores and attractions New Department store: Hites Expansions in anchor stores More Fashions small stores Better Food Court New Entertainment Renew Cinema Operating asset General description Addition GLA: 12,500 m2 E. Total Investment1: US$ 2

  23. Slide 23: Expansion Mall Arauco Maipú

    > Expansion Mall Arauco Maipú - Chile Mall Arauco Maipú Project: Falabella in MAM Total GLA: 14.000 m2 E. Total Investment1: US$ 15 million Opening Date: 4Q 2012 Under construction Current Status 93% complete Current Status As of July 2012, construction of the fourth stage of expansion is 67% comple

  24. Slide 24: Expansion Parque Arauco Kennedy

    > Expansion Parque Arauco Kennedy - Chile Parque Arauco Kennedy Project: Boulevard IV Total additional GLA: 5.000 m2 E. Total Investment1: US$ 25 million Opening Date: 1Q 2013 Under construction Current Status 85% complete Main Features The new area will consist of a “Luxury District”, entertainment

  25. Slide 25: Expansion Marina Arauco

    > Expansion Marina Arauco - Chile Marina Arauco Project: Expansion, new stores Total GLA: 40.000 m2 E. Total Investment: US$ 67 million Opening Date: 2H 2014 Under construction Main Features The new area will consist of a Supermarket, small stores, services areas and entertainment 25

  26. Slide 26: Mega Express Barranca, Peru

    > Mega Express Barranca. Barranca, Perú General description Total GLA: 8,000 m2 E. Total Investment1: US$ 13 million Opening date: 2Q 2013 Steady EBITDA : US$ 1 million Under construction Key Features •Neighborhood Shopping Center •Joint venture with partners in Peru: Wiese Family •Supermarket, anch

  27. Slide 27: Mega Express Chincha, Peru

    > Mega Express Chincha. Chincha, Perú General description Total GLA: 7,500 m2 E. Total Investment1: US$ 10 million Opening date: 1Q 2013 Steady EBITDA : US$ 1 million Under construction Key Features •Neighborhood Shopping Center •Joint venture with partners in Peru: Wiese Family •Supermarket, anchor

  28. Slide 28: Mega Express Cañete, Peru

    > Mega Express Cañete. Cañete, Perú General description Total GLA: 16,800 m2 E. Total Investment1: US$ 12 million Opening date: 2Q 2013 Steady EBITDA : US$ 1.2 million Under construction Key Features •Neighborhood Shopping Center •Joint venture with partners in Peru: Wiese Family •Supermarket, ancho

  29. Slide 29: Bucaramanga, Colombia

    > Bucaramanga. Bucaramanga, Colombia Main stores and attractions Department stores Small stores Food Court Restaurants Entertainment Cinema Current Status 36% complete Structural advance 94% Under construction General description Total GLA: 30,000 m2 E. Total Investment1: US$ 100 million Opening dat

  30. Slide 30: Slide 30

  31. Slide 31: Parque Arauco S.A.

    Investor Presentation November 2012 years Parque Arauco S.A. www.parauco.com

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