2013 Fourth Quarter www.cencosud.com 2 The information contained - - PowerPoint PPT Presentation

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2013 Fourth Quarter www.cencosud.com 2 The information contained - - PowerPoint PPT Presentation

Earnings Presentation Fourth Quarter 2013 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 solicitation


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SLIDE 1

Fourth Quarter

2013

Earnings Presentation

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SLIDE 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 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.

2 Fourth Quarter www.cencosud.com

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Quarter: Solid results

  • Positive SSS in 6 of 10
  • perations, that represents

73% of our revenues.

Adjusted EBITDA grew 18.3% adjusted EBITDA margin increased 55 bps to 8.8%

  • Operating results improve
  • Non-operating results flat

Revenues increased 11.0% YoY in CLP Net Profit increased 40.1% YoY in CLP

3 Fourth Quarter www.cencosud.com

  • Improved performance in

Chile, Argentina

  • Improving profitability in most

shopping centers.

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SLIDE 4

Adjusted EBITDA grew 12.5% and adjusted EBITDA margin almost flat

  • Positive operating results
  • Higher financial expenses
  • Exchange differences
  • Positive SSS in 7 of 10
  • perations, representing 70%

revenues

  • Brazil impacted by the

implementation of SAP; Colombia still building brand recognition

  • Chile and Argentina operations

increased EBITDA

  • Addition of Colombian supermarket

EBITDA

  • Growth of Peru department stores,

Colombia home improvement increased expenses

Full Year: Mixed results for different business

4 Fourth Quarter www.cencosud.com

Net Profit decreased 15.8% YoY in CLP Revenues increased 13.0% YoY in CLP

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5 Fourth Quarter

Results

By Business

www.cencosud.com

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Supermarkets

Revenue evolution (CLP bn) Adjusted EBITDA evolution (CLP bn) SSS evolution by country in local currency

6 Fourth Quarter www.cencosud.com

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Revenue evolution (CLP bn) Adjusted EBITDA evolution (CLP bn) SSS evolution by country in local currency

7 Fourth Quarter

Home Improvement

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Revenue evolution (CLP bn) Adjusted EBITDA evolution (CLP bn)

8 Fourth Quarter

Shopping Centers

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9 Fourth Quarter

Financial Services

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Revenue evolution (CLP bn) Adjusted EBITDA evolution (CLP bn) 2014 SSS Chile evolution

10 Fourth Quarter

Department Store

www.cencosud.com

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11 Fourth Quarter

Cencosud

Financial Structure

www.cencosud.com

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12 Fourth Quarter

Net debt evolution (US$ bn) Net leverage (net debt/EBITDA)

Financial Ratios

www.cencosud.com

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SLIDE 13

13 Fourth Quarter

Amortization Schedule & Refinancing

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Home Improvement, Department Stores, Shopping Centers all showed strong performance Supermarkets had challenging year in Brazil; Metro and Jumbo are still building brand awareness in Colombia Financial Services transaction fell through Q4 results showed improved revenue and margins

14 Fourth Quarter

2013 Summary & Highlights

www.cencosud.com

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Supply Chain Greater Autonomy In our Chains SSS Focus

15 Fourth Quarter

2014 Priorities: Brazil

www.cencosud.com

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2014 Priorities: Colombia SSS Positive Brand Awareness Product Mix

16 Fourth Quarter www.cencosud.com

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Focus on mearures to reduce net debt / adjusted EBITDA ratio in 1H14 Refinancing improves liquidity position

Already taken measures to improve leverage ratio

Considering options to raise additional cash by monetizing asset base

Further reduced capex budget Cost-savings initiatives

17 Fourth Quarter

2014 Priorities: Leverage

www.cencosud.com

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Cencosud remains well-positioned across different retail markets Strategies in Brazil and Colombia to yield improved results in 2014 Focus on efficiency across business Multiple methods to reduce leverage

18 Fourth Quarter

Conclusion

www.cencosud.com

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SLIDE 19