Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Q3 2024 Earnings Presentation
22 slides from Cencosud Shopping Sa's earnings presentation, November 2024
Slide 1: Earnings Presentation Third Quarter 2024
Earnings Presentation Third Quarter 2024
Slide 2: 3Q24 Highlights
01 3Q24 Highlights |2
Slide 3: Highlights of the period
1.1 Highlights of the period Earnings Presentation – 3Q24 01 Provisional Dividend Payment At the Board of Directors meeting held on October 28, 2024, it was agreed to distribute a provisional dividend to shareholders of CLP 85 per share, charged against the profits for fiscal year 2024. This dividen
Slide 4: Highlights of the period
1.2 Highlights of the period Earnings Presentation – 3Q24 04 Sky Costanera Recognized with the SERNATUR Award At the FESTITUR 2024 Tourism Fair, Sky Costanera was honored with the SERNATUR award as a prominent tourism destination in Chile. This recognition also highlights its social commitment throu
Slide 5: Investment Plan Key Progress
1.3 Investment Plan Key Progress Earnings Presentation – 3Q24 Approval of IMIV (Road Permit), and Submission of Environmental Impact Statement for the Vitacura Project The Company received approval for the Road Impact Mitigation Report (IMIV) for its project in Vitacura. In addition, the Environment
Slide 6: 3Q24 Results
02 3Q24 Results |6
Slide 7: 3Q24 Executive Summary
2.1 3Q24 Executive Summary Earnings Presentation – 3Q24 Consolidated Revenue +9.6% Revenue increased by 9.7%, explained by: (CLP Million) ▲ Expansion of +27,000 sqm compared to 3Q23 ▲ Slight recovery in consumer spending in Chile, boosting 252,764 variable rent contribution +9.7% 230,545 ▲ Higher in
Slide 8: 3Q24 Executive Summary
2.2 3Q24 Executive Summary Earnings Presentation – 3Q24 › FFO (Funds From Operations): In the third quarter of 2024, FFO increased by 11.0% YoY, reaching a total of CLP 64,673 million. This improvement over 2023 is largely explained by a 10.1% rise in gross profit. › Distributable Net Income: Decrea
Slide 9: Key Operational Figures
2.3 Key Operational Figures Earnings Presentation – 3Q24 Occupancy Rate 98.3% The consolidated occupancy rate declined 15 bps YoY, primarily due to an increase in GLA of over 27,000 sqm in the last 12 months. In Peru, the opening of Cenco La Molina meant an increase in GLA, impacting the occupancy r
Slide 10: Resilient Revenue Structure
2.4 Resilient Revenue Structure Earnings Presentation – 3Q24 Revenues Breakdown Contract Length (in years) Fixed Rent Variable Rent Other 70.6% 14.2% v 11.6% 13.7% 6.5% 3.7% 5.6% 74.2% Less than 2 Between Between Between More 2 and 3 3 and 4 4 and 5 than 5 70.6% ~11 years (1) Signed for +5 years Con
Slide 11: +15,000 sqm of GLA YoY at Cenco Costanera
2.5 +15,000 sqm of GLA YoY at Cenco Costanera Earnings Presentation – 3Q24 Chile Revenues Adjusted EBITDA +8.7% (CLP Million) (CLP Million) +10.8% +9.3% 223,608 243,072 +13.0% 224,329 202,415 75,765 82,796 69,395 78,390 3Q24 3Q24 9M24 9M23 3Q24 3Q23 9M24 9M23 › Revenue increased by 9.3% compared to
Slide 12: Increased Visitor Traffic and Tenant Sales at Cenco Arequipa
2.6 Increased Visitor Traffic and Tenant Sales at Earnings Presentation – 3Q24 Cenco Arequipa Peru Revenues Adjusted EBITDA +43,8% (CLP Million) (CLP Million) +39,7% +30,5% 5.699 +30,1% 4.893 3.962 3.502 1.397 1.823 1.257 1.635 3Q24 3Q23 9M24 9M23 3Q24 3Q23 9M24 9M23 › Revenues increased by 22.0% in
Slide 13: Occupancy Rate increased by 117 bps
2.7 Occupancy Rate increased by 117 bps Earnings Presentation – 3Q24 Colombia Revenues Adjusted EBITDA +34.2% (CLP Million) (CLP Million) +23.6% +14.9% 3,993 -15.5% 1,856 2,975 1,501 1,090 1,253 556 470 3Q24 3Q23 9M24 9M23 3Q24 3Q23 9M24 9M23 › Revenues increased by 6.5% in COP and 14.9% in › Adjust
Slide 14: SSS, SSR and Occupancy Cost
2.8 SSS, SSR and Occupancy Cost Earnings Presentation – 3Q24 Occupancy Cost SSS +5.2% (1) -4.1% -9.6% 3Q24 3Q23 8.8% 8.7% 8.9% 8.8% 8.6% SSR +7.7% (1) -0.6% +1.6% 7.6% 7.4% 6.2% Chile Peru Colombia Consol. | 14 (1) Figures in local currencies (CLP, PEN and COP, respectively) In UF, the SSS would be
Slide 15: Tax and Non-Operating Income
2.9 Tax and Non-Operating Income Earnings Presentation – 3Q24 Non-Operating Income declined due to higher financial costs, Exchange rate variation losses and a more negative result from readjustment units YoY. Income Tax increased by 9.5% compared to 3Q23, mainly explained by an increase in deferred
Slide 16: Cash Position YTD as of September 2024
2.10 Cash Position YTD as of September 2024 Earnings Presentation – 3Q24 Cash Position Evolution (1) (2) The Company’s Cash Position has improved throughout 2024, with operating cash flow more than offsetting dividend payments and capital investments. By the end of 3Q24, the cash position had increa
Slide 17: Capital Structure
2.11 Capital Structure Earnings Presentation – 3Q24 Financial Indicators Unit SEPT 24 DEC 23 SEPT 23 • As of September 30, 2024, 100% of the debt Gross Financial Debt CLP MM 728,712 706,458 696,115 exposed to interest rates was agreed at a fixed rate. This debt consists of obligations with the Durat
Slide 18: Sustainability Progress
03 Sustainability Progress | 18
Slide 19: Sustainability Progress: Planet
3.1 Sustainability Progress Earnings Presentation – 3Q24 Planet 1st Shopping Center to Promote Organic Waste Management with Gastronomic Tenants (Chile) As part of its environmental commitment and innovative initiatives, the Company promoted the recycling of organic waste to convert it into compost
Slide 20: Sustainability Progress: People
3.2 Sustainability Progress Earnings Presentation – 3Q24 People Mercado Emprende Returns with “Sabores & Tradiciones” Edition (Chile, Peru and Colombia) The social entrepreneurship fair, Mercado Emprende, took place from September 2 to 17 across Chile, Peru and Colombia, together with various public
Slide 21: 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 22: CeENCO'NALLS
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Cencosud Shopping S.A. (Cenco Malls) — Q3 2024 Earnings Presentation on 6ix