PARQUE ARAUCO | | | | 1 INTRODUCTION OUR OPERATIONS INVESTMENT HIGHLIGHTS FUTURE DEVELOPEMENT 3Q19 INVESTOR PRESENTATION
IMPORTANT DISCLAIMER This document has been prepared by Parque Arauco for the purpose of providing general information about the Company. The Company assumes no responsibility for, or makes any representation or warranty, express or implied, with respect to, the accuracy, adequacy or completeness of the information contained herein. The Company expressly disclaims any liability based on such information, errors therein or omissions therefrom. This presentation includes certain statements, estimates and forecasts provided by the Company with respect to it’s anticipated future performance and involves signifjcant elements or subjective judgment and analysis that may or may not prove to be accurate or correct. There can be no assurance that these statements, estimates and forecasts will be attained and actual outcomes and results may difger materially from what is estimated or forecast herein. The information contained herein has been prepared to assist interested parties in making their own evaluation of the company and does not purport to be all - inclusive or to contain all the information that a potential counterparty may desire. In all cases, interested parties should conduct their own independent investigation and analysis of the Company. Interested parties can only rely on the result of their own investigation and the representations and warranties made in any defjnitive agreement that may be executed. CONTACTS: Tori Creighton (Head of Investor Relations) Francisco Moyano (Corporate Finance Manager) Claudio Chamorro (CFO) Tel: (562) 22990510 | Email: ir@parauco.com
1 2 INTRODUCTION PG. 4 OUR OPERATIONS PG. 10 ›› Parque Arauco at a glance ›› Chilean portfolio ›› Purpose, Mission & corporate strategy ›› Peruvian portfolio ›› Geographic presence: assets and formats ›› Colombian portfolio ›› Parque Arauco iconic and dominant shopping centers 4 3 INVESTMENT HIGHLIGHTS PG. 14 FUTURE DEVELOPMENTS PG. 31 ›› Investment highlights ›› Future developments ›› Stability ›› Landbank ›› Diversification ›› Glossary ›› Growth ›› Sustainability & Corporate governance ›› Financial strength
PARQUE ARAUCO | | | | 4 INTRODUCTION OUR OPERATIONS INVESTMENT HIGHLIGHTS FUTURE DEVELOPEMENT 1 INTRODUCTION CONTENT Parque Arauco at a glance Purpose, Mission & corporate strategy Geographic presence: assets and formats Parque Arauco iconic and dominant shopping centers
PARQUE ARAUCO | | | | 5 INTRODUCTION OUR OPERATIONS INVESTMENT HIGHLIGHTS FUTURE DEVELOPEMENT PARQUE ARAUCO At a glance FINANCIAL INDICATORS (SEPTEMBER 2019) SHAREHOLDER STRUCTURE Parque Arauco is a real estate company dedicated to the KEY FIGURES TOTAL Data as of September 2019 development and operation GLA (m 2 ) 1,069,000 Local of mixed-used properties in Revenues LTM (US$ MM) 282 mutual the Andean region. Other funds Foreign shareholders Abumohor EBITDA LTM (US$ MM) 206 2% investment family 6% funds EBITDA Margin LTM (%) 73.9% 3% 22% Net Financial Debt (US$ MM) 1,049 Said Yarur family POSITIVE Total Assets (US$ MM) 3,398 LOCAL RISK RATING 5% 17% Risk Rating Agency Local pension funds Feller AA 10 Neighborhood 17 Regional shopping centers shopping centers 25% ICR AA Controlling group 20% Fitch Local AA- 20 Strip 7 Outlets 9 Offjces, medical brokers centers centers, hotels
PARQUE ARAUCO | | | | 6 INTRODUCTION OUR OPERATIONS INVESTMENT HIGHLIGHTS FUTURE DEVELOPEMENT IN THE LAST SIX YEARS Parque Arauco has doubled GLA, NOI and AFFO 1995 2010 1982 2006 2011 Parque Arauco S.A. IPO Parque Arauco opens fjrst mall in Colombia, Parque Arboleda in Pereira Parque Arauco Kennedy Parque Arauco expands into Peru Capital increase opens as fjrst shopping with the purchase of a 45% stake for US$145 MM center in Chile. in MegaPlaza Norte in Lima. 2014 2016 2015 2019 Capital increase for US$182 MM Capital increase for US$100 MM Purchase of minority shareholders Parque Arauco achieves full operational in Colombia and Peru control of Peruvian operation with purchase of Wiese Group minority interest. GLA (M 2 ) NOI (US$ MM) CONTROLLED ADJUSTED FFO (US$ MM) +1.9x +2.0x +1.9x 1,053,000 147 1,012,000 140 238 818,500 947,000 239 115 203 693,100 728,500 179 103 99 91 154 559,700 78 135 118 2012 2013 2014 2015 2016 2017 2018 2012 2013 2014 2015 2016 2017 2018 2012 2013 2014 2015 2016 2017 2018
PARQUE ARAUCO | | | | 7 INTRODUCTION OUR OPERATIONS INVESTMENT HIGHLIGHTS FUTURE DEVELOPEMENT Purpose, mission & corporate strategy CORPORATE PURPOSE To create spaces that contribute to improving people’s lives MISSION To be leaders in developing and operating real estate assets, through profjtable and sustainable growth that generates value for our stakeholders. STRATEGIC OBJECTIVES Growth Profjtability Sustainability OUR VALUES Excellence and Happiness are the cornerstones of our corporate culture
PARQUE ARAUCO | | | | 8 INTRODUCTION OUR OPERATIONS INVESTMENT HIGHLIGHTS FUTURE DEVELOPEMENT GEOGRAPHIC PRESENCE Assets and formats Chile Peru 54 ASSETS 30 ASSETS 20 ASSETS We are present in Latin American markets with high growth potential in real estate development: 8 Regional 6 Regional Chile, Peru and Colombia. shopping shopping centers centers Colombia 4 ASSETS 1 9 Neighborhood Neighborhood shopping shopping center centers 3 Regional shopping centers 17 Strip 3 2 Premium Strip centers centers Outlets 1 Outlets 4 Premium Outlets
PARQUE ARAUCO | | | | 9 INTRODUCTION OUR OPERATIONS INVESTMENT HIGHLIGHTS FUTURE DEVELOPEMENT PARQUE ARAUCO HAS ICONIC AND DOMINANT SHOPPING CENTERS In Chile, Peru and Colombia PARQUE ARAUCO KENNEDY / CHILE ARAUCO MAIPÚ / CHILE ARAUCO ESTACIÓN / CHILE LARCOMAR / PERU MEGAPLAZA NORTE / PERU PARQUE LA COLINA / COLOMBIA
PARQUE ARAUCO | | | | 10 INTRODUCTION OUR OPERATIONS INVESTMENT HIGHLIGHTS FUTURE DEVELOPEMENT OUR 2 OPERATIONS CONTENT Chilean portfolio Peruvian portfolio Colombian portfolio
PARQUE ARAUCO | | | | 11 INTRODUCTION OUR OPERATIONS INVESTMENT HIGHLIGHTS FUTURE DEVELOPEMENT Chilean portfolio IN CHILE PARQUE ARAUCO HAS: 17 8 Regional shopping centers years 1 Neighborhood shopping center 17 Strip centers AVERAGE AGE 4 Outlets OF THE PORTFOLIO FORMAT YEAR INCORPORATED TOTAL GLA (m 2 ) OWNERSHIP (%) OWNED GLA (m 2 ) OCCUPANCY (%) Parque Arauco Kennedy Regional Shopping Center 1982 110,500 100% 110,500 99.0% Arauco Maipú Regional Shopping Center 1993 72,000 100% 72,000 99.4% Arauco Chillán Regional Shopping Center 2007 35,500 51% 18,105 93.7% Arauco Estación Regional Shopping Center 2008 67,000 83% 55,610 95.7% Arauco San Antonio Regional Shopping Center 2009 28,500 36% 10,175 95.6% Arauco Express 1 Strip Centers 2012 40,500 51% 20,655 91.2% Arauco Premium Outlets 2 Outlets 2012 46,000 100% 46,000 97.1% Arauco Quilicura Regional Shopping Center 2013 32,000 51% 16,320 99.0% Arauco Coronel Regional Shopping Center 2017 30,000 51% 15,300 97.7% Parque Angamos Neighborhood Shopping Center 2018 10,500 55% 5,775 71.8% Arauco El Bosque Regional Shopping Center 2018 30,000 51% 15,300 99.6% Puerto Nuevo Antofagasta Strip Center 2019 6,500 100% 6,500 - Total Chile 509,000 77% 392,240 95.4% 1. Includes 16 strip centers located in: Santiago (12), Viña del Mar (1), Calama (1), Coquimbo (1) and Antofagasta (1). 2. Includes four premium outlets located in Santiago, Concepción, Coquimbo and Curauma.
Recommend
More recommend
