Multiplan Empreendimentos Imobiliarios SA · BMFBOVESPA:MULT3
Multiplan Empreendimentos Imobiliarios SA — Q3 2018 Earnings Presentation
11 slides from Multiplan Empreendimentos Imobiliarios SA's earnings presentation, November 2018
Slide 1: 3Q18 Conference Call Presentation
3Q18 Conference Call Presentation
Slide 2: Disclaimer
Disclaimer 3Q18 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: 3Q18 Highlights
3Q18 Highlights Tenants’ sales accelerate compared to previous quarter, and reflect strong operational indicators for Multiplan’s assets in 3Q18. EBITDA and Net Income continue to show high double-digit growth. Tenants’ Same Area Total Same Store Real Nominal Occupancy Rate Sales (SAS) Sales Growth
Slide 4: Operational Indicators
Operational Indicators 3Q18 Conference Call Presentation Same Area / Same Store Sales – Tenants’ sales (R$) SAS and SSS growth 7.0% 3.6 B 7.7% 9.3% 3.4 B 7.3% 3.6% 5.7% 5.6% 4.9% 3.3% 3.1 B 4.2% 3.0 B 8.3% 3.3% 3.7% 3.0 B 2.7% 2.9% 4.3% -0.6% 3.2% 2.9% 1.6% -0.8% 3Q17 1Q14 1Q15 4Q17 1Q16 1Q18 1Q17 2
Slide 5: Gross Revenue and Property Ownership Results
Gross Revenue and Property Ownership Results 3Q18 Conference Call Presentation Gross revenue (R$) Rental revenue (R$) Parking revenue (R$) 3.9% 4.9% 335.6 M 14.2% 323.0 M 245.3 M Parking 233.7 M 15.1% 50.7 M Rental Services 73.1% 44.4 M 8.3% Others 1 3.5% 3Q17 3Q18 3Q17 3Q18 3Q17 3Q18 Same Store Ren
Slide 6: Operating and Financial Results
Operating and Financial Results 3Q18 Conference Call Presentation Evolution of G&A (R$) and as % of Share-based compensations and Shopping center expenses (R$) and net revenue stock price (R$) as % os shopping center revenues1 24.5 26.1 M M 24.5 M 11.8% 19.00 18.71 -18.7% 73.33 24.44 23.63 22.89 70.
Slide 7: Operating and Financial Results
Operating and Financial Results 3Q18 Conference Call Presentation EBITDA (R$) and margin (%) Net income (R$) and margin (%) FFO (R$) and margin (%) 25.5% 44.3% 54.1% 227.2 M 174.5 M 181.1 M 116.4 M 120.9 M 74.7% 75.6 M 57.4% 62.2% 41.5% 25.9% 38.3% 3Q17 3Q18 3Q17 3Q18 3Q17 3Q18 2017 2017 2017 2016 2
Slide 8: Debt and Cash
Debt and Cash 3Q18 Conference Call Presentation Evolution of Net Debt-to-EBITDA Financial expenses (R$) and coverage ratio 1 226.9 M Lowest 199.8 M 4.00x 4.00x covenant 172.7 M (4.00x) 156.6 M 146.8 M 3.00x 3.00x 2.39x 2.35x 2.40x 2.34x 2.35x2.33x2.34x 2.27x 2.33x 2.27x 6.55x 2.19x 5.04x 5.85x 2.00x
Slide 9: Debt and Cash
Debt and Cash 3Q18 Conference Call Presentation Multiplan’s debt amortization schedule (R$) on September 30, 2018 Cash (Sep-18) 852 M FFO (LTM) 723 M 4Q18 107 M 2019 401 M 2020 499 M 2021 434 M 2022 414 M 2023 422 M 2024 418 M 2025 88 M 2026 28 M 2027 31 M 2028 33 M 2029 36 M 2030 39 M 2031 10 M 9
Slide 10: Project Development: Park Jacarepaguá
Project Development 3Q18 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
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