Multiplan Empreendimentos Imobiliarios Sa · BMFBOVESPA:MULT3
Multiplan Empreendimentos Imobiliarios Sa — Q1 2021 Earnings Presentation
24 slides from Multiplan Empreendimentos Imobiliarios Sa's earnings presentation, Mar 31, 2021
Slide 1: Results Conference Call 1Q21
RESULTS CONFERENCE CALL 1Q 21 VillageMall
Slide 2: Disclaimer
\ DISCLAIMER 1Q21 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 words “anticipate”, “wish”,
Slide 3: ESG: Supporting tenants during the pandemic
ESG Supporting tenants and helping to mitigate impacts of the current pandemic ✓ Covid-19 vaccination: drive-thru at malls parking lots and medical centers for Covid-19 vaccination ✓ “Alimente o Bem” campaign: endorsement and donation of BarraShoppingSul vaccination drive-thru 150 tons of food to th
Slide 4: ESG: Sustainable initiatives
ESG Sustainable initiatives ✓ Photovoltaic panel: emission reduction of 239 tons of CO2 (last 8 months) by the photovoltaic plant of Paty de Alferes (RJ) ✓ Effluent treatment plant (ParkShopping): effluents treatment, Blood donation campaign with Hemorio consumption reduction, water reuse and conseq
Slide 5: Operating hours strongly related to sales performance
Operating hours strongly related to sales performance Since April 22nd, all Multiplan malls are simultaneously open, albeit operating with restrictions Monthly operating hours¹ Operating hours, tenants’ sales, and malls’ rental revenue 100.0% 100.0% 82.2% 90.5% 69.2% 85.4% 89.7% 87.4% 77.0% 63.0% 73
Slide 6: Flight-to-quality trend
Examples of benefits of a store Flight-to-quality trend in Multiplan’s malls: Tenants looking for more efficient locations migrate to dominant assets Synergy with a diversified mix creating destination malls Highest recorded turnover with 16,594 sq.m of GLA Central, convenient and exclusive location
Slide 7: Mix of the future: shopping malls increasingly present in people's lives
Mix of the future: Apparel Home & Office + fashion + new habits (home shopping malls + diversification + product customization office, online classes) + DIY projects increasingly + individualized, specialized and differentiated service + product experimentation present in people's lives 32.4%¹ -2.9
Slide 8: Tenant mix renewal – a 12,491 sq.m opportunity
Tenant mix renewal – a 12,491 sq.m opportunity 74%¹ of the GLA leased, diversifying the mix and maximizing efficiency Previous tenant New mix1 12,491 sq.m of GLA 12,491 sq.m of GLA +47%2 (rent) 4 satellite 6 anchor 7 satellite 1 segment 2 segments 7 1 activity anchor 5 activities 11 operations 13 op
Slide 9: Measures to support tenants
Measures to support tenants Common expenses and rent reductions keep supporting tenants Occupancy cost breakdown Net delinquency rate 16.3% 14.0% 14.0% 14.6% 14.0% 13.6% 13.7% 11.0% 5.8% 5.7% 5.8% 5.7% 5.7% 6.1% 7.2% 5.8% 8.2% 8.9% 8.2% 2.7% 7.9% 8.0% 8.0% 1Q17 1Q18 1Q19 1Q20 1Q21 Series' 1Q20 2Q20
Slide 10: Financial results – 1Q21 vs. 1Q20
Financial results – 1Q21 vs. 1Q20 NOI EBITDA FFO NET INCOME (Net Operating Income) (Funds From Operations) 201 131 62 46 R$ M R$ M R$ M R$ M 77.9 % MARGIN 49.3 % MARGIN 23.5 % MARGIN 17.4 % MARGIN -32.5% vs. 1Q20 -61.8% vs. 1Q20 -74.5% vs. 1Q20 -73.9% vs. 1Q20 ADJUSTED¹ ADJUSTED¹ ADJUSTED¹ -32.5% -5
Slide 11: Capital structure
Capital structure R$ Maintenance of liquidity Cash (Mar-21) 1,182 M at healthy levels D E BT FFO (LTM) 864 M (Mar-21) A M O RT I Z AT I O N Apr-Dec 21 502 M SCHEDULE > Gross debt: R$3,348 M on March 31, 2021 2022 736 M > Average cost p.a.: 3.86% 2023 539 M > Net debt: R$2,166 M 2024 514 M > Net debt
Slide 12: Capital structure: average cost of debt
Capital structure Liability management reduces annual amortization schedule with average cost of debt at 3.86% p.a. Average cost of debt per index (p.a.) Index Average Cost of Gross Mar-21 Performance Index Rate¹ Debt Debt (R$) EVOLUTION OF TR 0.00% 5.50% 5.50% 448.3 M D E BT I N D E X E S CDI 2.75%
Slide 13: Multi superapp features
Multi superapp features Multi app 100% of malls Mall map 100% of malls $ Online parking payment 100% of malls “Lápis Vermelho” clearance 100% of malls Direct contact by Whatsapp 100% of malls Directory of stores and 100% of stores and restaurants between customers and restaurants STORE 40% of stores
Slide 14: MIND: The real value of innovation is information
MIND The real value of innovation is information Understanding how clients interact with our STORES… …and our APP Increase in sales through Whatsapp generating online interactions Easter (Store-consumers interactions - via Multi) Campaign STORE 5-Drugstore and STORE 17-Clothing appear together 1,236
Slide 15: MIND: Getting to know our clients
MIND The real value of innovation is information Getting to know our clients SURROUNDING…. …and INSIDE the malls Heat map of clients' consumption according to where they reside in the region in the vicinity of one of Multiplan’s malls Heat map of clients connecting to Multi app inside one of Multipl
Slide 16: ParkJacarepaguá
ParkJacarepaguá 39,000 sq.m of GLA 249 operations Opening 4Q21 Source: Multiplan. Artist’s rendering for illustrative purposes only, subject to changes without previous notice – please refer to the disclaimer on slide 2. 16
Slide 17: ParkJacarepaguá
ParkJacarepaguá Indoor and outdoor amusement parks 6 stadium movie theaters Mixed-use events centers Exclusive restaurants Ice skating rink Supermarket Source: Multiplan. Construction progress in Apr-21. 17
Slide 18: Golden Lake
Golden Lake 250,000 sq.m of private area Development in phases 18 towers Source: Multiplan. Artist’s rendering for illustrative purposes only, subject to changes without previous notice – please refer to the disclaimer on slide 2. 18
Slide 19: Golden Lake
Golden Lake Source: Multiplan. Artist’s rendering for illustrative purposes only, subject to changes without previous notice – please refer to the disclaimer on slide 2. 19
Slide 20: Golden Lake: 34,000 sq.m in 1st phase
Golden Lake 34,000 sq.m in 1st phase Source: Multiplan. Artist’s rendering for illustrative purposes only, subject to changes without previous notice – please refer to the disclaimer on slide 2. 20
Slide 21: Golden Lake
Golden Lake For more information, click below www.bairrogoldenlake.com.br Source: Multiplan. Artist’s rendering for illustrative purposes only, subject to changes without previous notice – please refer to the disclaimer on slide 2. 21
Slide 22: Future mixed-use projects
Future mixed-use projects Project illustration at BarraShoppingSul Project illustration at RibeirãoShopping Project illustration at ParkShoppingBarigüi Project illustration at VillageMall More than 700 thousand sq.m of landbank Approximately 840 thousand sq.m in potential area for sale Source: Multi
Slide 23: MULT3
MULT3 Number of individual investors continues to increase 26,287 23,770 Daily traded volume Daily num. of trades 180.2 M 14,269 142.6 M AVERAGE DAILY MULTIPL AN’S 7,943 NUMBER OF TRADES VALUE 4,406 4,357 79.9 M AND TRADED VOLUME (R$) 52.1 M 55.6 M Fair Value² 24% In three years, the average daily 3
Slide 24: ri@multiplan.com.br
+55 21 3031-5600 ri@multiplan.com.br
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