Fourth Quarter
Results 2014
Corporate Presentation
Results 2014 Fourth Quarter www.cencosud.com 2 The information - - PowerPoint PPT Presentation
Corporate Presentation Fourth Quarter Results 2014 Fourth Quarter www.cencosud.com 2 The information contained herein has been prepared by Cencosud S.A. (Cencosud) solely for informational purposes and is not to be construed as a
Corporate Presentation
2 Fourth Quarter www.cencosud.com
The information contained herein has been prepared by Cencosud S.A. (“Cencosud”) solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities and should not be treated as giving investment or other advice. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. Any opinions expressed in this presentation are subject to change without notice and Cencosud is under no obligation to update or keep current the information contained herein. The information contained herein does not purport to be complete and is qualified in its entirety by reference to more detailed information included in the preliminary offering memorandum. Cencosud and its respective affiliates, agents, directors, partners and employees accept no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this material. This presentation may contain statements that are forward-looking subject to risks and uncertainties and factors, which are based on current expectations and projections about future events and trends that may affect Cencosud’s business. You are cautioned that any such forward-looking statements are not guarantees of future performance. Several factors may adversely affect the estimates and assumptions on which these forward- looking statements are based, many of which are beyond our control.
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Revenue Evolution (CLP mm)
countries
Showing Favorable Trend for Supermarkets
D-Stores Greenfield & Colombia Home Improvement Showed Positive SSS Momentum
Fourth Quarter
Adjusted EBITDA Evolution (CLP mm)
YoY consumption and challenging competitive environment
SG&A on 2nd installment of collective bargaining agreements
card business, partially offset better Ebitda in all the other 3 business units
W/ DO W/ DO
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Revenue evolution (CLP mm) Adjusted EBITDA evolution (CLP mm) SSS evolution by country (local currency)
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mainly as a result of the 2nd instalment of Collective bargaining agreements and weaker consumption environment
highest Ebitda
the last 5 quarters, with sequential improvement vs 3Q14. The company reduced headcount in 4,5% YoY
increased promotional activity and SG&A dilution
Fourth Quarter
new stores since December 2013
agreements in Argentina and tougher competitive environment in Chile
back of 3 new stores since 4Q13 and positive SSS,
weaker spending, strategy helped curb inventories in 17 days YoY
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Chile & Peru
performances in all markets but Colombia
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current stage ("3A") completed
traffic mitigation works and the first 15,000 sqm of GLA from involved authorities
landmark location
number of prospective tenants
Fourth Quarter
Total GLA of over 2,000,000 sqm Landbank of over 6MM sqm 48 Shopping Centers across the region Total Revenues of CLP 214,850 MM (excluding related parties)
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Net debt evolution (US$ bn) Net leverage (net debt / EBITDA)
Fourth Quarter
Breakdown by Rate
(After CCS)
Breakdown by Currency
(After CCS)
4,3
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FINANCIAL DEBT
USD MM
Fourth Quarter
Proforma Debt Amortization Schedule (USD million) after bond issuance
FINANCIAL DEBT
USD MM
Debt Amortization Schedule (USD million) as of December 2014
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Fourth Quarter
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Marisol Fernández León IR Manager Phone +562 2959 0545 mariasoledad.fernandez@cencosud.cl
Natalia Nacif Senior IR Analyst Phone +562 2959 0368 natalia.nacif@cencosud.cl Ignacio Reyes Miranda Senior IR Analyst Phone +562 2959 0804 Ignacio.reyesmiranda@cencosud.cl
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