Apresenta??o BTG Pactual Conference (em ingl?s)

8/9/2019 Apresenta??o BTG Pactual Conference (em ingl?s)

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Company Presentation

February 2015


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2.8 B 3.1 B3.6 B 4.2 B

5.1 B6.1 B

7.5 B8.5 B

9.7 B11.4 B

12.8 B

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

+12.1%+2.1 x

+4.6 x

2

Evolution of sales/m² per month ²

¹ Considering 100% of shopping center sales.

² Three shopping centers opened in 4Q12: JundiaíShopping, ParkShoppingCampoGrande and VillageMall

Multiplan’s shopping centers total sales ¹ (R$)

648/m²761/m² 813/m²

1,134/m²

858/m²

1,135/m² 1,039/m²

1,416/m²

1,375/m² 1,467/m²1,495/m²

1,979/m²

1,443/m²1,565/m² 1,519/m²

2,065/m²

Δ 112%

Δ 74%Δ 46%

1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14

Three malls opened in 4Q12

Portfolio excl. new malls

Delta ( Δ )

0.9 B 1.0 B1.2 B 1.4 B

1.7 B2.0 B

2.4 B2.8 B

3.2 B3.7 B

4.1 B

4Q04 4Q05 4Q06 4Q07 4Q08 4Q09 4Q10 4Q11 4Q12 4Q13 4Q14

+11.3%+2.0 x

+4.4 x

Preliminary Operational Data

Portfo l io resi l iency pu t to the test – again

Source: Multiplan


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3

Same Store and Same Area Sales growth (YoY)

Occupancy Rate Evolution

7.0%

10.3%

7.7%

10.0% 9.7% 9.5% 9.4%7.4%

8.8%

5.7%7.7% 8.0%

9.3%

12.0%

6.7%8.8%

6.6%9.4%

7.5% 8.3% 8.2% 8.1% 8.5% 6.8% 8.1% 5.8%8.4% 7.6% 8.3%

9.4%6.1%

7.9%

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14

8.9% 8.9%7.5%

9.0%

7.6% 8.4% 7.4% 7.9%

2011 2012 2013 2014

Same Area Sales Same Store Sales

Preliminary Operational Data

98.5% 98.4%

98.8% 99.0%

97.5%

97.6%

98.1%

98.6%

97.2%

97.8%

98.5%

98.1%

98.4%98.1%

98.1%

98.0%

96.0%

97.0%

98.0%

99.0%

100.0%

1Q 2Q 3Q 4Q

2014

2013

2012

2011

Cont inued m ix impro vement leading to record h igh occ upancy rate

Source: Multiplan


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R$10,277 /m²

R$16,693 /m²

Brazilian ShoppingCenters ¹

Multiplan

¹ Acording to Abrasce (Brazilian Shopping Center Association)

Source: Multiplan4

The Importance of Tenant Mix

Tracking tenant mix GLA segment distribution

The “Satelization” process 2014 Total Sales/GLA

Mix evolut ion is p art – and th e heart – of the business

Since its opening in 1982 MorumbiShoppingexperienced a 90% turnover of stores

Apparel38.1%

Home & Office9.1%

Miscellaneous20.4%

Food Court &Gourmet10.0%

Services22.4%

MorumbiShoppingsales growth:4Q14: +12.2%2014: +13.8%

45.6% 45.4%

43.9% 43.6%

54.4% 54.6%

56.1% 56.4%

2011 2012 2013 9M14

+62.4%


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The Energy Challenge

5

Increase in energy cost

Energy rationing

Power outage

Fixed price contracts signed

in the free market

Energy reduction policy,

alternative energy sources

and past experience (2001)

Emergency generators

Mitigation andadaptation measures

Potential risks

Source: Multiplan

Taking necessary measu res to m it igate the energy ris k


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Solar panel

Skylight

Glass walls

Water recycle/reuse systemSkylight

The Energy ChallengeMalls w ith m odern archi tecture – and more energy eff ic ient


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-

10.0 M

20.0 M

30.0 M

40.0 M

50.0 M

60.0 M

70.0 M

2007 2008 2009 2010 2011 2012 2013 2014 -

50

100

150

200

250

300

Traded Volume (15 day average) Multiplan Ibovespa

Stock Market Evolution

7Source: Multiplan and Bloomberg

2007:IPO

2009:Follow On

2013:Follow On

2015:IBOV entry

AverageDailyTradedVolumein BRL:

26.5 M2.5 M 6.6 M 11.1 M 8.9 M 17.3 M7.3 M 31.7 M

Cons istent l iquid i ty increases led to Ibovespa entry

+93% –13%


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Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14

20 M

25 M

30 M

35 M

40 M

45 M

50 M

55 M

60 M

Multiplan - 3M ADTV (R$) Peer with highest traded volume - 3M ADTV (R$)

8

IBOVst

preview

-42%

Stock Market EvolutionClosing the l iqu id i ty gap

Source: Multiplan and Bloomberg

-5%

-150%


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Demand is Consistent for Quality Projects

9

Multiplan´s nineteenth shopping center;

48,000 m² of Gross Leasable Area (GLA);

Multiplan will hold an 80% interest in the shoppingcenter;

258 stores;

2,500 parking spots;

Modern mix that reflects the current needs.

Source: Multiplan

Cons truc t ion in Canoas starts after a suc cessfu l preleasing phase


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19

392

852

94.5% 99.1%

90.7%

97.4% 99.0%

1 9 7 9

1 9 8 0

1 9 8 1

1 9 8 2

1 9 8 3

1 9 8 4

1 9 8 5

1 9 8 6

1 9 8 7

1 9 8 8

1 9 8 9

1 9 9 0

1 9 9 1

1 9 9 2

1 9 9 3

1 9 9 4

1 9 9 5

1 9 9 6

1 9 9 7

1 9 9 8

1 9 9 9

2 0 0 0

2 0 0 1

2 0 0 2

2 0 0 3

2 0 0 4

2 0 0 5

2 0 0 6

2 0 0 7

2 0 0 8

2 0 0 9

2 0 1 0

2 0 1 1

2 0 1 2

2 0 1 3

2 0 1 4

A Seasoned Company w ith a Proven Track Record

101979 - 2014 total GLA evolution (’000 m2) 1985 - 2014 shopping center occupancy rate evolution

Number ofShoppingCenters:

5 81 18

IPO

5 10

Source: Multiplan

Historical Evolution


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Notes


12/12

IR Contact

Armando d’Almeida Neto CFO and IRO

Hans MelchersInvestor Relations and Planning Director

Franco CarrionInvestor Relations Manager

Carolina WeilInvestor Relations Analyst

Ricardo GasparPlanning Manager

Tel.: +55 (21) 3031-5224Fax: +55 (21) 3031-5322

E-mail: [email protected]

http://www.multiplan.com.br/ri

Apresenta??o BTG Pactual Conference (em ingl?s)

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