Multiplan Empreendimentos Imobiliarios SA · BMFBOVESPA:MULT3
Multiplan Empreendimentos Imobiliarios SA — Q2 2018 Earnings Presentation
11 slides from Multiplan Empreendimentos Imobiliarios SA's earnings presentation, 2018
Slide 1: 2Q18 Conference Call Presentation
2Q18 Conference Call Presentation
Slide 2: Disclaimer
Disclaimer 2Q18 Conference Call Presentation This document may contain prospective statements, which are subject to risks and uncertainties as they are based on expectations of the company’s management and on available information. The company is under no obligation to update these statements. The w
Slide 3: 2Q18 Highlights
2Q18 Highlights Despite economic challenges faced by the country during the second quarter, the Company was able to record robust growth in its main financial performance indicators, as well as sustain solid operating metrics. Tenants’ Sales Same Store Rent (SSR) Occupancy Rate Growth (y/y) Real Gro
Slide 4: Operational Indicators
Operational Indicators 2Q18 Conference Call Presentation Same Area / Same Store Sales – Tenants’ sales SAS and SSS growth 2.2% 8.7% 3.6 B 12.0% 9.3% 3.5 B 5.7% 7.8% 5.6% 3.2 B 4.1% 4.2% 3.2 B 9.4% 8.3% 2.8% 3.0 B 6.7%3.3% 1.2% 4.3% 2.3% 3.2% 2.9% 1.6% -0.6% -0.8% 2Q14 1Q14 1Q15 2Q15 1Q16 2Q16 1Q17 2
Slide 5: Gross Revenue and Property Ownership Results
Gross Revenue and Property Ownership Results 2Q18 Conference Call Presentation Gross revenue Rental revenue Parking revenue 7.2% 4.7% 337.8 M 6.0% 315.0 M Parking 250.1 M 14.4% 238.8 M Rental 48.7 M Services 74.0% 45.9 M 7.5% Others 1 4.0% 2Q17 2Q18 2Q17 2Q18 2Q17 2Q18 Same Store Rent – SSR Real 2.0
Slide 6: Operating and Financial Results
Operating and Financial Results 2Q18 Conference Call Presentation Evolution of G&A and as % of net Share-based compensations and Shopping center expenses and as revenue stock price (R$) % os shopping center revenues1 26.1 M 24.5 M 70.90 24.5 M 13.3% 65.32 73.33 68.68 -0.2% 70.90 57.00 3.3 M 73.33 68
Slide 7: Operating and Financial Results
Operating and Financial Results 2Q18 Conference Call Presentation EBITDA and margin (%) Net income and margin (%) FFO and margin (%) 21.2% 35.0% 257.3 M 39.4% 212.3 M 216.6 M 145.7 M 160.4 M 84.0% 104.5 M 70.7% 74.9% 56.6% 36.9% 47.5% 2Q17 2Q18 2Q17 2Q18 2Q17 2Q18 2017 2017 2017 2016 2016 2016 Opera
Slide 8: Debt and Cash
Debt and Cash 2Q18 Conference Call Presentation Evolution of Net Debt-to-EBITDA Financial expenses and coverage ratio 1 231.9 M 226.9 M Lowest 199.8 M 4.00x covenant 172.7 M (4.00x) 156.6 M 3.00x 2.39x 2.40x 2.40x 2.35x 2.35x2.34x2.34x 2.33x 2.33x 2.27x 2.27x 5.85x 5.04x 2.00x 3.55x 3.62x 4.13x Lowe
Slide 9: Debt and Cash
Debt and Cash 2Q18 Conference Call Presentation Multiplan’s debt amortization schedule on June 30, 2018 Cash (Jun-18) 984 M FFO (LTM) 669 M 1 2018 226 M 2019 394 M 2020 493 M 2021 433 M 2022 414 M 2023 422 M 2024 418 M 2025 87 M 2026 28 M 6th Debenture Issue 2027 30 M Amount: R$300,000,000.00 2028 3
Slide 10: Project Development: Park Jacarepaguá
Project Development 2Q18 Conference Call Presentation Park Jacarepaguá 39,000 sq.m. of GLA; Multiplan’s stake: 91% (100% of CAPEX); 230+ stores (15 anchor and mega stores); 3,000 jobs expected. 2,000+ parking spaces; Artist’s rendering for illustrative purposes only – Project and numbers subject to
Slide 11: IR Contact
IR Contact Armando d’Almeida Neto CFO and IRO Hans Melchers Investor Relations and Planning Director Franco Carrion Investor Relations Manager Leandro Vignero Investor Relations Analyst Nathalia Boiseaux Investor Relations Analyst Tel.: +55 (21) 3031-5600 Fax: +55 (21) 3031-5322 E-mail: ri@multiplan
Multiplan Empreendimentos Imobiliários — Q2 2018 Earnings Presentation on 6ix