Parque Arauco S.a. · BCS:PARAUCO

Parque Arauco — Investor Presentation (May 2013)

23 slides from Parque Arauco's investor presentation, May 2013

  1. Slide 1: Investor Presentation May 2013

    Investor Presentation May 2013 Parque Arauco S.A. www.parauco.com Santiago Stock Exchange: PARAUCO Bloomberg: PARAUCO CI

  2. Slide 2: forecasts provided by the Company with respect to it’s

    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 cont

  3. Slide 3: Contents

    Contents > Investment considerations > Projects Summary > Projects under construction

  4. Slide 4: Unique investment vehicle in the region

    I) Unique investment vehicle in the region General background1 Shareholder structure3 Summary table 1Q 2013 Others Market Cap: 1,8145(US$ MM) 8.1% Number of Shares: 702.7 MM Total revenues (US$ MM) 51 Insurance Free Float: 57% Companies 0.2% EBITDA (US$ MM) 35 Mutual Funds Controller EBITDA margin (

  5. Slide 5: LatAm business diversified and constant growth

    II) LatAm business diversified and constant growth GLA 1Q 2013 GLA 1Q 2012 COLOMBIA Regional Malls: Parque Arboleda 34.000 34.000 Bucaramanga PERÚ Regional Malls: Megaplaza 83.000 83.000 Larcomar 26.000 26.000 Parque Lambramani 28.000 28.000 Megaplaza Chimbote 28.000 MegaStripcenters Mega Chorrillos

  6. Slide 6: History of value creation and good performance

    III) History of value creation and good performance Sustained Growth1 Revenues evolution1 EBITDA (US$ MM) Total Revenues (US$ MM ) CAGR 20% CAGR 23% 207 177 146 135 121 147 126 78 99 104 86 49 55 60 42 45 2005 2006 2007 2008 2009 2010 2011 2012 2005 2006 2007 2008 2009 2010 2011 2012 (1) Revenues re

  7. Slide 7: High occupancy rates

    IV) High occupancy rates Parque Arauco’s Shopping Centers Shopping Center Total GLA Stake (%) Own GLA Occupancy Parque Arauco Kennedy 108.000 100,0% 108.000 99,5% Arauco Maipú 74.000 100,0% 74.000 97,6% Plaza El Roble 25.000 100,0% 25.000 98,0% Paseo Arauco Estación 68.000 83,0% 56.440 99,0% Arauco

  8. Slide 8: Stable revenues, contracts and visitors

    V) Stable Revenues, contracts and visitors Stable Revenues Structure Contracts Expiration Revenues Composition (Fixed/Variable) (%, 1Q 2013) (Based in % of GLA ) 16% 15% 8% <= 1 year Fixed 2 to 3 years 6% 3 to 4 years Variable 84% 70% >= 4 years Source: Parque Arauco GLA & Rental Revenues Compositio

  9. Slide 9: Solid financial situation

    VI) Solid financial situation Debt repayment schedule Net financial debt Financial debt amortization (US$ MM; 1Q 2013 ) (US$ MM) 766 746 238 713 729 646 578 153 549 564 530 531 499 437 79 275 70 78 44 41 26 201 17 0-3 3-6 6-12 1-2 2-3 3-4 4-5 5-10 10-20 2007 2008 2009 2010 2011 2012 1Q 2013 months m

  10. Slide 10: Markets with high growth potential

    VII) Markets with high growth potential Positive prospects for commerce Controlled inflation Shopping Centers market share1 Real private consumption growth (%, 2011-2012E) (%, 2012) (%, 2011 ) 9.4% 2.7% 26.0% 2.4% 6.2% 21.0% 5.3% 2.0% 12.0% Chile Colo Perú Chile Colo Perú Chile Colo Perú CHILE COLOM

  11. Slide 11: Markets with high growth potential: penetration

    VII) Markets with high growth potential Commerce Sales, Consumer Confidence & Loans Penetration in department stores, supermarkets Variation in 12 months (%,) and home improvement stores by country in LATAM Consumer Loans m2 for 1,000 inhab and GDP per capita (USD) Consumer Confidence (right axis) C

  12. Slide 12: Powerful Landbank

    VIII) Powerfull Landbank 102 mm$USD, 191 $USD / m2 on average Colombia Parque Arauco owns a strategic land BARRANQUILLA bank that ensures it’s future growth Cost (US$ MM) 8 Surface (m² ) 75,000 BOGOTÁ Cost (US$ MM) 33 Peru Surface (m² ) 34,000 PARQUE EL GOLF Cost (US$ MM) 8 Chile Surface (m² ) 15,00

  13. Slide 13: Contents

    Contents > Investment considerations > Projects Summary > Projects under construction

  14. Slide 14: Summary of current Investment Plan

    > Summary of current Investment Plan PIPELINE PARQUE ARAUCO 2013 - 2014 MM$USD Total Project Name Status % of Stake TOTAL GLA Investment Mall Arauco Quilicura Opening in 2Q13 100,0% 31.260 50 Expansion El Roble - Chillán Under Construction 100,0% 12.500 26 Boulevard IV Kennedy Opening in 2Q13 100,0%

  15. Slide 15: Performance 1Q 2013

    > Performance 1Q 2013 Leasable area growth Total GLA (m²) CAGR 14% 682.700 690.000 604,000 610.700 585,000 353,000 2007* 2010* 2011 2012 1Q 2012 1Q 2013 CHILE PERU COLOMBIA EBITDA EBITDA (mm $Ch) CAGR 19% 71.308 61.356 16% 52.062 11% 30.175 14.745 16.418 *In 2010 Parque Arauco sold his participation

  16. Slide 16: Contents

    Contents > Investment considerations > Projects Summary > Projects under construction

  17. Slide 17: 12,500 m2 additional GLA in Plaza el Roble - Chile

    > 12,500 m2 additional GLA in Plaza el Roble - Chile Main stores and attractions New Department store: Hites Expansions in anchor stores More Fashions small stores Better Food Court New Entertainment Renew Cinema Operating asset General description Addition GLA: 12,500 m2 E. Total Investment1: US$ 2

  18. Slide 18: Expansion Parque Arauco Kennedy - Chile

    > Expansion Parque Arauco Kennedy - Chile Parque Arauco Kennedy Project: Boulevard IV Total additional GLA: 5.000 m2 E. Total Investment1: US$ 25 million Opening Date: 2Q 2013 Under construction Main Features The new area will consist of a “Luxury District”, entertainment, restaurants, and high end

  19. Slide 19: Expansion Marina Arauco - Chile

    > Expansion Marina Arauco - Chile Marina Arauco Project: Expansion, new stores Total GLA: 40.000 m2 E. Total Investment: US$ 67 million Opening Date: 1Q 2014 Under construction Main Features The new area will consist of a Supermarket, small stores, services areas and entertainment 19

  20. Slide 20: Mega Express Barranca, Barranca, Peru

    > Mega Express Barranca. Barranca, Perú General description Total GLA: 8,000 m2 E. Total Investment1: US$ 13 million Opening date: 3Q 2013 Steady EBITDA : US$ 1 million Under construction Key Features •Neighborhood Shopping Center •Joint venture with partners in Peru: Wiese Family •Supermarket, anch

  21. Slide 21: Mega Express Cañete, Cañete, Peru

    > Mega Express Cañete. Cañete, Perú General description Total GLA: 16,500 m2 E. Total Investment1: US$ 12 million Opening date: 3Q 2013 Steady EBITDA : US$ 1.2 million Under construction Key Features •Neighborhood Shopping Center •Joint venture with partners in Peru: Wiese Family •Supermarket, ancho

  22. Slide 22: Slide 22

  23. Slide 23: Investor Presentation

    Investor Presentation May 2013 Parque Arauco S.A. www.parauco.com Santiago Stock Exchange: PARAUCO Bloomberg: PARAUCO CI

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