MULTIPLAN EMPREENDIMENTOS IMOBILIARIOS S.A. • 2014 - Sales in the Multiplan shopping centers were R$12.8 billion in 2014, a growth of 12.1% in comparison with 2013.
In the last five years, sales more than doubled, from R$6.1 billion in 2009 to the current number.
+4.6 x
+2.1 x
+12.1%
12.8 B
In a 10 year period, since 2004, Multiplan added nine shopping centers to its portfolio and R$10.0
billion to the sales of its shopping
2.8 B 3.1 B 3.6 B 4.2 B
6.1 B
5.1 B
7.5 B 8.5 B
9.7 B
11.4 B
centers, an increase of 4.6 times over the initial amount.
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Nominal sales (R$) of Multiplan shopping centers
The four shopping centers inaugurated since 2012 (JundiaíShopping, ParkShoppingCampoGrande, VillageMall and Parque Shopping Maceió)
contributed R$1.6 billion to sales in 2014, an
8.9%
12.2%
increase of 53.9% over sales by the same assets in 2013.
2013 2014
Share of total sales from the four shopping centers opened since 2012
1
PRESS RELEASE• 4Q14 - In the fourth quarter of 2014, sales totaled R$4.1 billion, an increase of 11.3% over 4Q13.
Fourth quarter sales contributed with
31.8% of total sales in 2014, reflecting the high volume of end of the year sales. The assets inaugurated since
2012 added R$509.2 million in sales,
37.2% more than during the fourth
+4.4 x
0.9 B 1.0 B 1.2 B
1.4 B 1.7 B
+2.0 x
2.4 B 2.8 B
2.0 B
+11.3%
3.7 B
3.2 B
4.1 B
quarter of last year.
4Q04 4Q05 4Q06 4Q07 4Q08 4Q09 4Q10 4Q11 4Q12 4Q13 4Q14
Nominal sales (R$) of Multiplan shopping centers
The following chart shows the evolution of sales/m² of the portfolio and the three shopping centers opened in 2012 since 1Q13 - the first quarter in which the new assets operated for the entire period. The stronger increase in sales of the new shopping centers led to a reduction in the difference of sales/m² of these assets and the rest of the portfolio, which went from 112% in 1Q13 to 46% in
4Q14, demonstrating the continuous process of consolidation of the new shopping centers.
Delta (Δ )
Three malls opened in 4Q12
Portfolio excl. new malls
1,375/m² 1,467/m² 1,495/m²
Δ 112%
1,979/m²
Δ 74%
1,134/m²
1,443/m² 1,565/m² 1,519/m²
1,135/m² 1,039/m²
2,065/m²
Δ 46%
1,416/m²
648/m² 761/m² 813/m²
858/m²
1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14
Sales/m² per month
Three shopping centers opened in 4Q12: JundiaíShopping, ParkShoppingCampoGrande and VillageMall
Same Basis Comparison• 2014 - Same Area Sales reported the highest growth in the last four years, 9.0% in 2014 over
2013.
The increase represents a significant achievement in a year of low economic growth, and reinforces the success of the tenant
mix improvement strategy, which contributed to an even stronger
Same Area Sales
Same Store Sales
8.9% 8.9% 9.0%
7.5%
increased by 7.9% in 2014 a strong result obtained over that already high basis of comparison for sales/m² in 2013.
7.6% 8.4% 7.4% 7.9%
2011 2012 2013 2014
Same Area and Same Store Sales -
changes year on year
2
PRESS RELEASE• 4Q14 - Same Area Sales increased by 8.8% in 4Q14, compared to 4Q13. Same Store Sales increased by 7.9% in 4Q14 over the same period the year before, providing evidence of the strong
performance of the Multiplan tenants in the most important sales period of the year.
Same Area Sales Same Store Sales
12.0%
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%
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
Same Area and Same Stores Sales - changes year on year
Occupancy Rate
The Multiplan portfolio finished 2014 with an occupancy rate of 99.0%, the highest rate registered since the company went public. Multiplan also registered the highest average occupancy rate in
2014, of 98.7% and in 4Q14, of 99.0%.
The occupancy rate underscores the strong demand for space in the company's shopping centers, even considering the strong portfolio growth of 212,500 m² over the last four years, increasing the company´s GLA to 764,300 m². On December 31, 2014, 12 of its 18 shopping centers had an occupancy rate of 99% or higher and all Multiplan shopping centers had an occupancy rates over
95%.
100.0%
98.4%
98.1%
97.8%
97.6%
96.0%
1Q 2Q 3Q 4Q
Occupancy rates of Multiplan shopping centers - last four years
Disclaimer: The information included in this report are preliminary and can be modified without previous notice. The company has no obligation to update said information. Readers/investors should be aware that many factors may mean that our future results differ from the inform ation in this document. The reader/investor is encouraged not to make their investment decision based only on the information above.
IR - Multiplan Tel: 55 21 3031-5200 Fax: 55 21 3031-5322 | Address: Av. d as Américas, 4.200 Blo co 2 - Sala 501 Dup lex Barra d a Tijuca - Rio d e Janeiro CEP: 22640-102 | |
E - m a i l : i r @ m u l t i p l a n . c o m . b r | W e b s i t e : w w w . m u l t i p l a n . c o m . b r / i r |
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