1) During the 1Q08, the company experienced strong organic growth with same property NOI increasing 28.2% and NOI margin increasing to 85.8%. Net revenue grew 114.4% to R$66.5 million and adjusted EBITDA grew 111.8% to R$47.4 million.
2) The company has 6 greenfield projects and 10 planned expansions that will add 210.9 thousand m2 of GLA by 2010. It also completed two acquisitions during the quarter.
3) For future growth, the company will focus on greenfield projects, expansions, potential to increase stakes in existing malls, and acquiring new malls. It aims
This document summarizes the strong financial results of a real estate company in the 4th quarter of 2008:
- Net operating income grew 39.4% year-over-year to R$94.5 million, with a 91% margin. Same property NOI increased 27%.
- Adjusted EBITDA grew 76.6% to R$85.1 million, with an 83% margin. AFFO grew 212.2% to R$65.5 million.
- The company signed 259 new and renewal leasing agreements totaling 35,200 square meters. Renewals saw rent increases of 14.6-14.9%.
- The company maintained a strong financial
1) Net revenues for BRMALLS grew 36% to R$243.6 million in 1Q12, with NOI reaching R$217.8 million and a NOI margin of 90.5%. Adjusted EBITDA and AFFO increased 44.5% and 59.9% respectively.
2) Same-store rents and sales continued to increase strongly, with renewals leasing spread above 20% for the eighth consecutive quarter. BRMALLS also invested R$88.3 million in acquisitions.
3) BRMALLS ended 1Q12 with R$619.1 million in cash and a diversified long-term debt profile. Development projects will
The document reports on the company's strong 4Q08 results. Same-property NOI grew 27.0% year-over-year. Adjusted EBITDA increased 76.6% and AFFO grew 212.2%. Tenants performed well with same store sales growth of 8.8% and rent growth of 13.4%. The company signed 259 new leasing agreements. It maintained a strong financial position with over R$758.5 million in cash and long-term debt. Four expansion projects are scheduled to open in 2009, adding leased space and NOI.
This document summarizes Southwest Airlines' performance in 2001, a difficult year marked by the events of September 11th. It notes that Southwest was well-positioned financially to withstand the crisis due to its conservative approach of managing well in good times. It describes how Southwest maintained 100% employment while other major carriers furloughed staff, and still reported an annual profit despite revenue declines. The summary highlights that Southwest expanded service in 2001 and increased its market share, showing resilience in the face of adversity through the dedication of its employees.
The document reports on Profarma's financial results for the second quarter of 2007, highlighting revenue growth of 29.2% compared to the same period last year, driven by an acquisition. Adjusted EBITDA grew 16.8% to R$19.7 million in 2Q07. Profarma also saw increases in market share, gross profit margin, and operating expenses as a percentage of net revenue compared to prior periods.
Localiza Rent a Car reported strong results for 1Q08, with net revenue up 16.6% to R$470.5 million and EBITDA increasing 23.2% to R$120.9 million. The company's average rented fleet grew 27.8% to 35,817 vehicles while daily car rentals were up 18% to 28,022. Free cash flow was negatively impacted by a R$89.3 million reduction in the vehicle supplier account, but excluding this would be R$36.2 million for 1Q08.
sonic automotive SAHPressReleaseQ208July29finance43
This document contains a cautionary notice regarding forward-looking statements in the company's presentations. These statements are predictions and not guarantees of future performance, and involve risks and uncertainties. Actual results may differ from projections. It also lists risk factors in the company's Form 10-Q that could adversely affect actual performance.
1. BRMALLS reported strong financial results in 1Q11, with net revenue up 68.4% and NOI increasing 70.5% compared to 1Q10. Same store sales growth remained strong, particularly for leisure and satellite stores.
2. The company acquired interests in three malls during the quarter for a total of R$108.7 million, with actual NOI exceeding projections. BRMALLS also opened two new projects according to schedule.
3. Subsequent to 1Q11, BRMALLS acquired Shopping Center Paralela for R$285 million, and expects to improve occupancy and NOI through active management.
This document summarizes the strong financial results of a real estate company in the 4th quarter of 2008:
- Net operating income grew 39.4% year-over-year to R$94.5 million, with a 91% margin. Same property NOI increased 27%.
- Adjusted EBITDA grew 76.6% to R$85.1 million, with an 83% margin. AFFO grew 212.2% to R$65.5 million.
- The company signed 259 new and renewal leasing agreements totaling 35,200 square meters. Renewals saw rent increases of 14.6-14.9%.
- The company maintained a strong financial
1) Net revenues for BRMALLS grew 36% to R$243.6 million in 1Q12, with NOI reaching R$217.8 million and a NOI margin of 90.5%. Adjusted EBITDA and AFFO increased 44.5% and 59.9% respectively.
2) Same-store rents and sales continued to increase strongly, with renewals leasing spread above 20% for the eighth consecutive quarter. BRMALLS also invested R$88.3 million in acquisitions.
3) BRMALLS ended 1Q12 with R$619.1 million in cash and a diversified long-term debt profile. Development projects will
The document reports on the company's strong 4Q08 results. Same-property NOI grew 27.0% year-over-year. Adjusted EBITDA increased 76.6% and AFFO grew 212.2%. Tenants performed well with same store sales growth of 8.8% and rent growth of 13.4%. The company signed 259 new leasing agreements. It maintained a strong financial position with over R$758.5 million in cash and long-term debt. Four expansion projects are scheduled to open in 2009, adding leased space and NOI.
This document summarizes Southwest Airlines' performance in 2001, a difficult year marked by the events of September 11th. It notes that Southwest was well-positioned financially to withstand the crisis due to its conservative approach of managing well in good times. It describes how Southwest maintained 100% employment while other major carriers furloughed staff, and still reported an annual profit despite revenue declines. The summary highlights that Southwest expanded service in 2001 and increased its market share, showing resilience in the face of adversity through the dedication of its employees.
The document reports on Profarma's financial results for the second quarter of 2007, highlighting revenue growth of 29.2% compared to the same period last year, driven by an acquisition. Adjusted EBITDA grew 16.8% to R$19.7 million in 2Q07. Profarma also saw increases in market share, gross profit margin, and operating expenses as a percentage of net revenue compared to prior periods.
Localiza Rent a Car reported strong results for 1Q08, with net revenue up 16.6% to R$470.5 million and EBITDA increasing 23.2% to R$120.9 million. The company's average rented fleet grew 27.8% to 35,817 vehicles while daily car rentals were up 18% to 28,022. Free cash flow was negatively impacted by a R$89.3 million reduction in the vehicle supplier account, but excluding this would be R$36.2 million for 1Q08.
sonic automotive SAHPressReleaseQ208July29finance43
This document contains a cautionary notice regarding forward-looking statements in the company's presentations. These statements are predictions and not guarantees of future performance, and involve risks and uncertainties. Actual results may differ from projections. It also lists risk factors in the company's Form 10-Q that could adversely affect actual performance.
1. BRMALLS reported strong financial results in 1Q11, with net revenue up 68.4% and NOI increasing 70.5% compared to 1Q10. Same store sales growth remained strong, particularly for leisure and satellite stores.
2. The company acquired interests in three malls during the quarter for a total of R$108.7 million, with actual NOI exceeding projections. BRMALLS also opened two new projects according to schedule.
3. Subsequent to 1Q11, BRMALLS acquired Shopping Center Paralela for R$285 million, and expects to improve occupancy and NOI through active management.
Profarma reported financial results for the first quarter of 2007, with highlights including:
- Gross revenue increased 26.8% year-over-year to R$555.3 million, driven by the opening of a new distribution center in Ceará and growth across all business segments.
- Adjusted EBITDA grew 17.8% to R$15 million compared to the first quarter of 2006.
- Net income increased 324.1% to R$5.1 million, compared to R$1.2 million in the prior year period.
- Key operating metrics such as service level, logistics productivity and sales per employee improved compared to the prior year, demonstrating strong operating execution
The document provides an overview of Loews Corporation's 2008 investor meeting. It summarizes CNA Financial Corporation's solid financial performance including improved operating earnings, a strong balance sheet, and steady core securities income. It also discusses CNA's property and casualty operations which drive the company's results, and how its controlled, orderly run-off operations mitigate earnings risks. Additionally, it outlines CNA's highly diversified insurance portfolio, market leadership in specialty businesses, and disciplined underwriting approach.
The document summarizes Profarma's earnings results for the second quarter of 2008. Key highlights include a 21.8% increase in gross revenue compared to the same period last year, reaching R$742.8 million. Adjusted EBITDA grew 21.6% to R$23.9 million. Profarma's market share reached 11.8%, up 1.1 percentage points from the prior year.
Southwest Airlines was the only major airline to report a profit in 2002, amidst significant losses across the airline industry. Southwest reported a net income of $241 million for 2002, its 30th consecutive annual profit. Despite difficult industry conditions following 9/11, Southwest increased its fleet by 20 aircraft, available seat capacity by 5.5%, market share to 10%, and ended the year with strong liquidity and no employee layoffs. Southwest attributes its success to having the lowest operating costs of major airlines, a strategy of consistently low fares, frequent flights across its route network, and a productive workforce.
1. BRMALLS reported strong financial results in 1Q11, with net revenue up 68.4% and NOI increasing 70.5% compared to 1Q10. Same store sales growth remained strong, particularly for leisure and satellite stores.
2. The company acquired interests in three malls during the quarter for a total of R$108.7 million, with actual NOI exceeding projections. BRMALLS also opened two new projects - Via Brasil Shopping and an expansion of Shopping Tamboré.
3. Looking ahead, BRMALLS has a development pipeline expected to add over 188k sqm of GLA by 2013, and concluded an acquisition of Shopping Center Paralela for
1) The company's net revenue in 1Q11 totaled R$179.1 million, up 68.4% from 1Q10. NOI reached R$158.6 million, up 70.5% from 1Q10. Adjusted EBITDA increased 58.6% to R$140.6 million.
2) Same store sales growth remained strong, particularly for leisure and satellite stores which posted double digit growth. Occupancy rates increased to 98.1% while same store rent growth was 10.1%.
3) The company acquired interests in 3 malls representing R$108.7 million in capex with an average IRR of 13.7%. Actual NO
Us economic outlook micky levy, chief economist - bank of america 25 januar...Jessica Roch
The document summarizes US and global economic trends in 2012. It finds that while emerging markets will grow significantly, growth in advanced nations like Europe and Japan will be slower. In the US, moderate growth is expected to continue with high unemployment gradually improving. Business investment and exports remain strong, but consumer spending and housing are in the early stages of recovery. International trade is rising moderately amid a challenging global environment.
Whirlpool Corporation reported record financial results in 2006. Revenue reached $18.1 billion, up 26% from 2005. Earnings from continuing operations were $486 million, up 15% from the previous year. Cash flow from operating activities was $880 million. The acquisition of Maytag Corporation was completed in 2006 and is expected to generate over $400 million in annual efficiencies by 2008. Whirlpool aims to continue growing globally and offset rising material costs through innovation and operating efficiencies.
Whirlpool Corporation's 2006 Annual Report summarizes the company's financial performance for the year. Key highlights include:
- Net sales increased 26.3% to $18.08 billion from $14.31 billion in 2005.
- Earnings from continuing operations increased 15.2% to $486 million from $422 million in 2005.
- Total assets increased 67.2% to $13.87 billion from $8.30 billion in 2005, due to the acquisition of Maytag.
Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales of approximately $18 billion and operations in markets around the world.
Whirlpool Corporation reported record financial results in 2005 despite unprecedented increases in material and oil costs. Net sales increased 8.3% to $14.3 billion and net earnings grew 3.9% to $422 million. Whirlpool successfully managed over $500 million in higher costs through accelerating new product innovation, increasing productivity, and maintaining cost controls. The company delivered a record number of new product innovations in 2005 to drive growth. Whirlpool's strategy focuses on building brand and customer loyalty through innovation, strong customer focus, and leadership in customer service and trade management.
This document provides financial highlights for 2011, including:
- Revenue growth of 13.7% to CHF 4.8 billion driven by 10.5% organic growth and acquisitions.
- Adjusted operating income increased 10.7% to CHF 815 million, resulting in an operating margin of 17.0%.
- Net profit for the period was CHF 534 million.
- Revenue growth was seen across all regions, especially Asia Pacific at 13.6% and the Americas at 17.4%.
The document also analyzes revenue, operating income, margins and other financial metrics by business unit and region for 2011.
- Ameriprise Financial reported financial results for the second quarter of 2007, including revenues of $2.182 billion, up 6% from the second quarter of 2006. Net income was $196 million, up 39% from the prior year.
- Total client assets grew to $483.9 billion, up 13% from the second quarter of 2006. Total financial advisors declined 2% to 12,076.
- Key metrics such as contribution margin, return on equity, and book value per share increased compared to the prior year quarter.
The 2008 Annual Report summarizes Sherwin-Williams' financial performance in 2008. Net sales were $7.98 billion, a slight decrease from 2007. Net income declined 22.5% to $476.9 million due to asset impairment charges and rising input costs. Cash from operations increased to $876.2 million. The company continued investing in new stores, acquisitions, capital expenditures, dividends, and share repurchases. Challenging market conditions reduced sales and profits for the Paint Stores and Consumer groups. The Global Finishes Group grew sales but saw lower profits due to input costs. The company launched new products, expanded internationally, and initiated an EcoVision program.
1) BR Malls reported strong financial results for 1Q07, with consolidated net revenue reaching R$31.0 million, up 69.7% from the previous year, and adjusted EBITDA of R$22.3 million, up 88.6% from the previous year.
2) The company successfully completed its IPO in April 2007, raising approximately R$657 million.
3) During 1Q07 and shortly after, BR Malls acquired ownership stakes in several shopping malls, adding over 127 thousand square meters of GLA in the quarter and strengthening its portfolio.
This document provides an investor presentation on BRMALLS, the largest shopping mall company in Brazil. It highlights that the Brazilian shopping mall industry offers strong growth potential as it remains underdeveloped compared to other markets. BRMALLS is highlighted as the largest and best operator in the sector, with the fastest growth and best key performance indicators. The presentation outlines BRMALLS' strategy to achieve R$1 billion in EBITDA by 2013 through acquisitions, greenfield developments, and same-store NOI growth, representing a 34.4% CAGR from 2010-2013. Acquisitions are projected to increase BRMALLS' GLA by 14% and NOI by 34% through 2013.
During the 3Q07, BRMALLS acquired ownership interests in 7 new malls, adding 147,157 square meters of total space and 77,182 square meters of owned space. BRMALLS also announced three new shopping mall developments in Sao Paulo with a total planned space of 73,800 square meters and expected investment of R$156 million. Throughout 2007, BRMALLS acquired 21 new malls, adding 554,341 square meters of total space and 245,230 square meters of owned space, with an average return on investment of 15.3%.
In 3 sentences:
BRMalls reported excellent operating and financial results for 2Q08, with NOI growth of 102.2% and same-property NOI growth of 20.9%. Strong performance from their malls included same-store sales growth of 10.8% and rent growth of 9.5%. BRMalls also demonstrated a solid financial position with a long-term debt profile and R$911 million in cash.
BRMALLS is the largest shopping mall company in Brazil with a nationwide presence and targeting all income segments. It has 45 regional malls totaling 1.4 million square meters of GLA, making it the largest mall owner and operator in Brazil. The presentation outlines BRMALLS' strong growth through acquisitions, organic expansion of existing malls, and new developments. Financial highlights show rising revenues, occupancy rates, and returns through same store sales growth and rent increases above inflation. The company sees continued opportunities for consolidation in the fragmented Brazilian mall market.
This document provides a summary of 4Q07 results for a real estate company. It highlights that:
1) NOI grew 15.8% year-over-year and margins increased from 81.1% to 86.8% due to organic growth and acquisitions.
2) The company acquired 8 malls in 4Q07 and 39 malls total in 2007, exceeding NOI projections for acquired assets.
3) Announced plans to develop 3 new malls and expand 9 existing malls, adding over 200,000 square meters of space by 2010.
4) Financial results showed strong growth in revenues, EBITDA, and FFO compared to prior year and projections
This earnings release from Profarma highlights their financial results for the second quarter of 2007, including revenue growth of 29.2% and net profit growth of 134.5%. A key event was the acquisition of Dimper's assets in Rio Grande do Sul for R$13.1 million, expanding their market share. Adjusted EBITDA grew 16.8% and their new Ceará branch achieved 5.9% market share, contributing to continued financial performance.
Luciana Santos
Phone: 55 (21) 4009 0276
E-mail: luciana.santos@profarma.com.br
Address: Av. Brasil, 4.000 - Módulo 30 - Barra da Tijuca
Rio de Janeiro - RJ - Brazil - CEP 22.630-000
Profarma's shares are traded on the São Paulo Stock Exchange (BOVESPA) under the ticker PFRA3.
Profarma reported financial results for the first quarter of 2007, with highlights including:
- Gross revenue increased 26.8% year-over-year to R$555.3 million, driven by the opening of a new distribution center in Ceará and growth across all business segments.
- Adjusted EBITDA grew 17.8% to R$15 million compared to the first quarter of 2006.
- Net income increased 324.1% to R$5.1 million, compared to R$1.2 million in the prior year period.
- Key operating metrics such as service level, logistics productivity and sales per employee improved compared to the prior year, demonstrating strong operating execution
The document provides an overview of Loews Corporation's 2008 investor meeting. It summarizes CNA Financial Corporation's solid financial performance including improved operating earnings, a strong balance sheet, and steady core securities income. It also discusses CNA's property and casualty operations which drive the company's results, and how its controlled, orderly run-off operations mitigate earnings risks. Additionally, it outlines CNA's highly diversified insurance portfolio, market leadership in specialty businesses, and disciplined underwriting approach.
The document summarizes Profarma's earnings results for the second quarter of 2008. Key highlights include a 21.8% increase in gross revenue compared to the same period last year, reaching R$742.8 million. Adjusted EBITDA grew 21.6% to R$23.9 million. Profarma's market share reached 11.8%, up 1.1 percentage points from the prior year.
Southwest Airlines was the only major airline to report a profit in 2002, amidst significant losses across the airline industry. Southwest reported a net income of $241 million for 2002, its 30th consecutive annual profit. Despite difficult industry conditions following 9/11, Southwest increased its fleet by 20 aircraft, available seat capacity by 5.5%, market share to 10%, and ended the year with strong liquidity and no employee layoffs. Southwest attributes its success to having the lowest operating costs of major airlines, a strategy of consistently low fares, frequent flights across its route network, and a productive workforce.
1. BRMALLS reported strong financial results in 1Q11, with net revenue up 68.4% and NOI increasing 70.5% compared to 1Q10. Same store sales growth remained strong, particularly for leisure and satellite stores.
2. The company acquired interests in three malls during the quarter for a total of R$108.7 million, with actual NOI exceeding projections. BRMALLS also opened two new projects - Via Brasil Shopping and an expansion of Shopping Tamboré.
3. Looking ahead, BRMALLS has a development pipeline expected to add over 188k sqm of GLA by 2013, and concluded an acquisition of Shopping Center Paralela for
1) The company's net revenue in 1Q11 totaled R$179.1 million, up 68.4% from 1Q10. NOI reached R$158.6 million, up 70.5% from 1Q10. Adjusted EBITDA increased 58.6% to R$140.6 million.
2) Same store sales growth remained strong, particularly for leisure and satellite stores which posted double digit growth. Occupancy rates increased to 98.1% while same store rent growth was 10.1%.
3) The company acquired interests in 3 malls representing R$108.7 million in capex with an average IRR of 13.7%. Actual NO
Us economic outlook micky levy, chief economist - bank of america 25 januar...Jessica Roch
The document summarizes US and global economic trends in 2012. It finds that while emerging markets will grow significantly, growth in advanced nations like Europe and Japan will be slower. In the US, moderate growth is expected to continue with high unemployment gradually improving. Business investment and exports remain strong, but consumer spending and housing are in the early stages of recovery. International trade is rising moderately amid a challenging global environment.
Whirlpool Corporation reported record financial results in 2006. Revenue reached $18.1 billion, up 26% from 2005. Earnings from continuing operations were $486 million, up 15% from the previous year. Cash flow from operating activities was $880 million. The acquisition of Maytag Corporation was completed in 2006 and is expected to generate over $400 million in annual efficiencies by 2008. Whirlpool aims to continue growing globally and offset rising material costs through innovation and operating efficiencies.
Whirlpool Corporation's 2006 Annual Report summarizes the company's financial performance for the year. Key highlights include:
- Net sales increased 26.3% to $18.08 billion from $14.31 billion in 2005.
- Earnings from continuing operations increased 15.2% to $486 million from $422 million in 2005.
- Total assets increased 67.2% to $13.87 billion from $8.30 billion in 2005, due to the acquisition of Maytag.
Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales of approximately $18 billion and operations in markets around the world.
Whirlpool Corporation reported record financial results in 2005 despite unprecedented increases in material and oil costs. Net sales increased 8.3% to $14.3 billion and net earnings grew 3.9% to $422 million. Whirlpool successfully managed over $500 million in higher costs through accelerating new product innovation, increasing productivity, and maintaining cost controls. The company delivered a record number of new product innovations in 2005 to drive growth. Whirlpool's strategy focuses on building brand and customer loyalty through innovation, strong customer focus, and leadership in customer service and trade management.
This document provides financial highlights for 2011, including:
- Revenue growth of 13.7% to CHF 4.8 billion driven by 10.5% organic growth and acquisitions.
- Adjusted operating income increased 10.7% to CHF 815 million, resulting in an operating margin of 17.0%.
- Net profit for the period was CHF 534 million.
- Revenue growth was seen across all regions, especially Asia Pacific at 13.6% and the Americas at 17.4%.
The document also analyzes revenue, operating income, margins and other financial metrics by business unit and region for 2011.
- Ameriprise Financial reported financial results for the second quarter of 2007, including revenues of $2.182 billion, up 6% from the second quarter of 2006. Net income was $196 million, up 39% from the prior year.
- Total client assets grew to $483.9 billion, up 13% from the second quarter of 2006. Total financial advisors declined 2% to 12,076.
- Key metrics such as contribution margin, return on equity, and book value per share increased compared to the prior year quarter.
The 2008 Annual Report summarizes Sherwin-Williams' financial performance in 2008. Net sales were $7.98 billion, a slight decrease from 2007. Net income declined 22.5% to $476.9 million due to asset impairment charges and rising input costs. Cash from operations increased to $876.2 million. The company continued investing in new stores, acquisitions, capital expenditures, dividends, and share repurchases. Challenging market conditions reduced sales and profits for the Paint Stores and Consumer groups. The Global Finishes Group grew sales but saw lower profits due to input costs. The company launched new products, expanded internationally, and initiated an EcoVision program.
1) BR Malls reported strong financial results for 1Q07, with consolidated net revenue reaching R$31.0 million, up 69.7% from the previous year, and adjusted EBITDA of R$22.3 million, up 88.6% from the previous year.
2) The company successfully completed its IPO in April 2007, raising approximately R$657 million.
3) During 1Q07 and shortly after, BR Malls acquired ownership stakes in several shopping malls, adding over 127 thousand square meters of GLA in the quarter and strengthening its portfolio.
This document provides an investor presentation on BRMALLS, the largest shopping mall company in Brazil. It highlights that the Brazilian shopping mall industry offers strong growth potential as it remains underdeveloped compared to other markets. BRMALLS is highlighted as the largest and best operator in the sector, with the fastest growth and best key performance indicators. The presentation outlines BRMALLS' strategy to achieve R$1 billion in EBITDA by 2013 through acquisitions, greenfield developments, and same-store NOI growth, representing a 34.4% CAGR from 2010-2013. Acquisitions are projected to increase BRMALLS' GLA by 14% and NOI by 34% through 2013.
During the 3Q07, BRMALLS acquired ownership interests in 7 new malls, adding 147,157 square meters of total space and 77,182 square meters of owned space. BRMALLS also announced three new shopping mall developments in Sao Paulo with a total planned space of 73,800 square meters and expected investment of R$156 million. Throughout 2007, BRMALLS acquired 21 new malls, adding 554,341 square meters of total space and 245,230 square meters of owned space, with an average return on investment of 15.3%.
In 3 sentences:
BRMalls reported excellent operating and financial results for 2Q08, with NOI growth of 102.2% and same-property NOI growth of 20.9%. Strong performance from their malls included same-store sales growth of 10.8% and rent growth of 9.5%. BRMalls also demonstrated a solid financial position with a long-term debt profile and R$911 million in cash.
BRMALLS is the largest shopping mall company in Brazil with a nationwide presence and targeting all income segments. It has 45 regional malls totaling 1.4 million square meters of GLA, making it the largest mall owner and operator in Brazil. The presentation outlines BRMALLS' strong growth through acquisitions, organic expansion of existing malls, and new developments. Financial highlights show rising revenues, occupancy rates, and returns through same store sales growth and rent increases above inflation. The company sees continued opportunities for consolidation in the fragmented Brazilian mall market.
This document provides a summary of 4Q07 results for a real estate company. It highlights that:
1) NOI grew 15.8% year-over-year and margins increased from 81.1% to 86.8% due to organic growth and acquisitions.
2) The company acquired 8 malls in 4Q07 and 39 malls total in 2007, exceeding NOI projections for acquired assets.
3) Announced plans to develop 3 new malls and expand 9 existing malls, adding over 200,000 square meters of space by 2010.
4) Financial results showed strong growth in revenues, EBITDA, and FFO compared to prior year and projections
This earnings release from Profarma highlights their financial results for the second quarter of 2007, including revenue growth of 29.2% and net profit growth of 134.5%. A key event was the acquisition of Dimper's assets in Rio Grande do Sul for R$13.1 million, expanding their market share. Adjusted EBITDA grew 16.8% and their new Ceará branch achieved 5.9% market share, contributing to continued financial performance.
Luciana Santos
Phone: 55 (21) 4009 0276
E-mail: luciana.santos@profarma.com.br
Address: Av. Brasil, 4.000 - Módulo 30 - Barra da Tijuca
Rio de Janeiro - RJ - Brazil - CEP 22.630-000
Profarma's shares are traded on the São Paulo Stock Exchange (BOVESPA) under the ticker PFRA3.
The document summarizes Profarma's earnings release for the second quarter of 2008.
- Profarma's gross revenue grew 21.8% year-over-year to R$742.8 million. Adjusted EBITDA grew 21.6% to R$23.9 million. Market share reached 11.8%, up 1.1 percentage points from the prior year.
- Branded products revenue grew 28.4% while generics grew 19.6% and OTC grew 9.5%. Operating expenses were 7.9% of net revenue. Net income grew to R$8.3 million.
- Cash flow from operating activities was negative R$24 million due to a R
Luciana Gomes
Phone: 55 (21) 4009 0276
E-mail: luciana.gomes@profarma.com.br
Address: Av. Brasil, 4.000 - Módulo 30
Rio de Janeiro, RJ - Brazil - 22031-915
Profarma's shares are traded on the São Paulo Stock Exchange (BOVESPA) under the ticker PFRA3.
The document provides an operational and financial summary of a company's 1Q08 results. It highlights that sales volumes grew 23.9% year-over-year due to increased production from a new plant. Revenue increased 10.3% to $134.4 million despite currency appreciation. EBITDA grew 10.2% to $26.3 million with margins of 22.8%. Net income was $9.8 million with margins of 8.5%. An outlook expects further sales growth from increased production and new product lines.
- The company reported a 13.3% growth in consolidated gross revenue in 2008 compared to the previous year, reaching R$2.9 billion, with significant growth in the vaccine and hospital segments.
- Operating expenses decreased 5% in 2008 compared to the previous year, reaching 7.6% of net revenue.
- The company reduced average accounts receivable terms for the fourth quarter in a row, decreasing working capital by R$50 million for the year.
The company reported excellent third quarter 2008 results, with 52% growth in net operating income and 45.7% growth in adjusted EBITDA. Same-store sales and rents grew double digits. The company signed 278 new leasing agreements totaling 34,000 square meters during the quarter. The company remains in a strong financial position with over R$757 million in cash and a long-term debt profile averaging over 14 years. The company acquired two new malls during the quarter and continues to work on development projects.
- Profarma's consolidated gross revenue grew 26.5% year-over-year to R$702.6 million in 1Q08. Profarma's market share reached 11.8%, up 1.1 percentage points from 1Q07.
- Adjusted EBITDA grew 24% to R$18.6 million compared to R$15 million in 1Q07. Service levels reached 91.2%, up 1.2 percentage points from 1Q07.
- Average price increases were 3.1% in March 2008, 50% higher than the previous year. Branded revenues grew 34.5% to R$503 million, while generics revenues grew 2.8% to R$34 million
- Profarma's consolidated gross revenue grew 26.5% year-over-year to R$702.6 million in 1Q08.
- The company's market share reached 11.8% in 1Q08, a 1.1 percentage point increase from the prior year.
- Adjusted EBITDA grew 24% to R$18.6 million compared to R$15 million in 1Q07.
Profarma's market share reached a record high of 12.8% in 4Q07, up from 9.6% in 2006. Consolidated gross revenue grew 40.1% compared to 4Q06, reaching R$740.4 million. Adjusted EBITDA was R$26.2 million, a 35.3% increase over 4Q06. New regions showed strong growth, with revenues of R$75 million, up 34.6% over 3Q07. The company reduced errors per million units shipped by 34.5% between 3Q07 and 4Q07.
Profarma's market share reached a record high of 12.8% in 4Q07, up from 9.6% in 2006. Consolidated gross revenue grew 40.1% compared to 4Q06, reaching R$740.4 million. Adjusted EBITDA was R$26.2 million, a 35.3% increase over 4Q06. New regions showed strong growth, with revenues of R$75 million, up 34.6% over 3Q07. The company's cash cycle improved to 64.3 days.
- Profarma opened a new distribution center in Ceará, expanding its market reach and increasing its national market share.
- In Q1 2007, Profarma saw increases in gross revenue, adjusted EBITDA, and net income compared to Q1 2006.
- Key operating metrics like service level, logistics productivity, and sales per square meter also improved in Q1 2007 versus the previous year.
Localiza Rent a Car reported strong results for 1Q08, with net revenue up 16.6% to R$470.5 million and EBITDA increasing 23.2% to R$120.9 million. The company's average rented fleet grew 27.8% to 35,817 vehicles while daily car rentals were up 18% to 28,022. Free cash flow was negatively impacted by a R$89.3 million reduction in the vehicle supplier account, but excluding this would be R$36.2 million for 1Q08.
1 q07 financial and operating results presentationEquatorial
The document provides financial and operating results for the first quarter of 2007 for an unnamed company.
1) Net revenues increased 13.6% to R$195.1 million due to an 8.3% increase in energy sales volume and a tariff increase. EBITDA grew 13.8% to R$77 million with an EBITDA margin of 39.5%.
2) Energy sales grew 8.3% while customer base increased 7.2% compared to the prior year. Residential and industrial energy consumption grew 9.8% and 10.7% respectively.
3) Manageable costs and expenses were down 5.3% year-over-year as a percentage of
In 3 sentences:
BRMalls reported excellent operating and financial results for 2Q08, with NOI growth of 102.2% and same-property NOI growth of 20.9%. Strong performance from their malls included same-store sales growth of 10.8% and rent growth of 9.5%. BRMalls also demonstrated a solid financial position with a long-term debt profile and R$911 million in cash.
Ideiasnet reported financial results for 4Q08 and full year 2008. 4Q08 gross revenue grew 9.8% and net revenue grew 11.7% over 4Q07. EBITDA grew 95.2% in 4Q08 and 33% for the full year. Net income declined 42% in 4Q08 and 63% for the full year due to negative foreign exchange impacts. The portfolio companies Officer, Softcorp, and Spring Wireless saw revenue and EBITDA growth in 4Q08 and 2008, while Padtec and iMusica experienced strong revenue growth.
BRMALLS reported strong financial and operating results for 1Q09. Same-property NOI grew 19.5% and adjusted EBITDA grew 35.4% over 1Q08. Occupancy reached a record high of 96.9%. Satellite stores posted 9.2% same-store sales growth. 181 leases were signed, with spreads of 17.7% for renewals and 9.0% for new contracts. The company has a solid financial position with R$730.2 million in cash and a long-term debt profile. Expansions and greenfield projects remain on track to drive future growth.
- Adjusted EBITDA was R$558.9 million in 3Q07, 15.2% lower than 3Q06. Net profit was R$197.6 million, R$150.3 million higher than 3Q06.
- Average tariff decreased by 8.43% in 3Q07 due to tariff reset. Dividends of R$487.8 million were paid for 1H07 earnings.
- A R$600 million debenture issue was made in October to repay an earlier debenture issue. A voluntary dismissal program was also announced.
Similar to B Rmalls Apresentacao 1 T08 20081505 Eng (20)
Este documento resume a oferta pública de notas promissórias da 3a emissão da BR Malls Participações S.A. no valor de R$370 milhões, com vencimento em 180 dias e remuneração de 100% da taxa DI acrescida de 0,5% ao ano. A emissão será coordenada pelo BTG Pactual e Deutsche Bank e destinada exclusivamente a investidores qualificados.
Este documento resume uma oferta pública de notas promissórias comerciais emitidas pela BR Malls Participações S.A. no valor de R$370 milhões, com vencimento em 180 dias. As notas terão remuneração equivalente à Taxa DI acrescida de 0,5% ao ano e poderão ser resgatadas antecipadamente pela emissora a partir de 30 dias da emissão.
No 1T12, a BRMALLS obteve crescimento de 36% na receita líquida e de 44,5% no EBITDA ajustado. Adquiriu participações em dois shoppings e vendeu parte de outra, expandiu um shopping e iniciou a construção de novos empreendimentos. Terminou o trimestre com sólida posição de caixa para financiar seus projetos de crescimento.
The document summarizes BRMALLS' financial results for 4Q11. Net revenues increased 41.8% to R$263.6 million driven by rent growth. NOI increased 46% to R$241.7 million and adjusted EBITDA rose 50.7% to R$208.3 million. BRMALLS also acquired Shopping Jardim Sul for R$460 million and recently opened the new mall Mooca Plaza Shopping. BRMALLS continues developing its greenfield projects including Shopping Estação BH, São Bernardo, Londrina Norte, and Catuaí Shopping Cascavel.
No quarto trimestre de 2011, a Receita Líquida da empresa atingiu R$263,6 milhões, um crescimento de 41,8%. O NOI alcançou R$241,7 milhões, um crescimento de 46%, e o EBITDA ajustado foi de R$208,3 milhões, um crescimento de 50,7%. A empresa também adquiriu o Shopping Jardim Sul e inaugurou o Mooca Plaza Shopping nesse período.
A apresentação descreve a BRMALLS como a maior empresa de shopping centers da América Latina. Ela destaca os seguintes pontos:
1) A BRMALLS tem presença em todas as regiões do Brasil, atendendo consumidores de todas as classes sociais. Ela possui 45 shoppings próprios e administra outros 42.
2) Os vetores de crescimento da empresa incluem aquisições, crescimento orgânico e desenvolvimento. Ela adquiriu participações em 35 shoppings desde 2007.
3) A BRMALLS tem o maior e
In 3Q11, Multiplan's net revenues totaled R$219.3 million, a 67.3% increase over 3Q10. NOI reached R$196.4 million, a 66.4% increase, and adjusted EBITDA was R$175.5 million, a 70.8% increase. Excluding foreign exchange impacts, net income was R$92 million, up 29.1%. The company also acquired additional GLA and concluded the acquisition of a portfolio with two malls during the quarter.
1) A receita líquida cresceu 67,3% no trimestre, atingindo R$219,3 milhões.
2) O NOI alcançou R$196,4 milhões, um crescimento de 66,4%.
3) Foi realizada a aquisição do portfólio Catuaí, com quatro shoppings no Paraná, que devem gerar um NOI estimado de R$95 milhões.
In 2Q11, BRMalls reported a 62.1% increase in net revenues to R$199.4 million. Net operating income (NOI) grew 61% to R$176 million, while adjusted EBITDA increased 58.3% to R$160.5 million. The company concluded acquisitions totaling R$346.2 million in the quarter. BRMalls expects its projects under development to add 192,000 square meters of total gross leasable area by 2013. The company ended the quarter with R$1.255 billion in cash after raising approximately R$731 million in a follow-on share offering in May.
No 2T11, a Receita Líquida da empresa cresceu 62,1% em relação ao ano anterior, atingindo R$199,4 milhões. O NOI aumentou 61% para R$176 milhões. O EBITDA ajustado cresceu 58,3% para R$160,5 milhões. A empresa continua com forte crescimento orgânico e expansão por meio de aquisições e projetos greenfield.
No 1T11, a Receita Líquida da empresa alcançou R$179,1 milhões, um crescimento de 68,4% em relação ao mesmo período do ano anterior. O NOI registrou R$158,6 milhões no trimestre, um crescimento de 70,5%. O EBITDA ajustado foi de R$140,6 milhões, um aumento de 58,6%.
1) A Receita Líquida atingiu R$179,1 milhões no 1T11, um crescimento de 68,4% em relação ao mesmo período do ano anterior.
2) O NOI foi de R$158,6 milhões no trimestre, um aumento de 70,5%.
3) A companhia encerrou o trimestre com um EBITDA ajustado de R$140,6 milhões, um crescimento de 58,6%.
BRMalls reported financial results for the first quarter of 2011 with the following highlights:
- Net revenue increased 68.4% to R$179.1 million.
- Adjusted EBITDA reached R$140.6 million, up 58.6% compared to the first quarter of 2010.
- Occupancy rates across malls averaged 98.1%, up 0.2 percentage points from the prior year quarter.
No 1o trimestre de 2011, a BRMalls apresentou crescimento de receita líquida de 68,4%, NOI de 70,5% e EBITDA ajustado de 58,6% em relação ao mesmo período de 2010. A taxa de ocupação atingiu 98,1% e as vendas mesmas lojas cresceram 8,7%, impactadas pela alta base de comparação do ano anterior. A companhia segue com planos de expansão por meio de aquisições, inaugurações e projetos em desenvolvimento.
O documento descreve a indústria brasileira de shopping centers, destacando seu potencial de crescimento e a posição de liderança da BRMALLS no setor. A BRMALLS é a maior empresa de shopping centers da América Latina, com 39 shoppings e alto potencial de expansão. Sua estratégia de crescimento e eficiência operacional a tornaram a companhia líder do setor nos últimos anos.
Esta seção explica que os acionistas votarão as contas dos administradores e as demonstrações financeiras de 2009, incluindo o relatório da administração, comentários financeiros e notas explicativas, conforme auditoria independente. Houve alterações nas práticas contábeis em 2009 para aderir a novos pronunciamentos.
Os resultados operacionais e financeiros do 2T09 foram excelentes, com crescimento de NOI, EBITDA e FFO. A taxa de ocupação e aluguel médio atingiram os níveis mais altos, e novas contratações demonstraram a confiança dos lojistas.
- The company reported strong financial results in the second quarter of 2009, with NOI growth of 26.7% and same-property NOI growth of 17.2% year-over-year. Adjusted EBITDA grew 36.9% to R$73.1 million with an 81.1% margin.
- Anchors store sales recovered and contributed to a 6.4% increase in consolidated same-store sales. Leasing spreads on new and renewed contracts were 13.9% and 15.9%, respectively.
- The company raised R$446 million in a share offering to finance expansion plans, including five greenfield projects and acquisitions. Construction began on the Granja V
Os resultados do 2T09 foram excelentes, com crescimento de NOI, EBITDA e FFO. A taxa de ocupação e alugueis atingiram níveis recordes, e novas aquisições e projetos sustentarão o crescimento futuro.
O relatório apresenta os resultados do primeiro trimestre de 2009 da BRMALLS. Os principais destaques foram: crescimento de 31% no NOI e de 35,4% no EBITDA ajustado; taxa de ocupação recorde de 96,9%; forte desempenho das lojas satélites; e implantação bem-sucedida de sistemas em shoppings representando 70% do NOI. A companhia também expandiu com sucesso um shopping e planeja mais 3 expansões para 2009.
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2. 1Q08 Highlights
Strong Organic Growth and Operational Improvements
During the 1Q08, our Same Property NOI increased 28.2% when compared to the 1Q07
NOI Margin increased from 83.7% in the 1Q07 to 85.8% in the 1Q08
Outstanding Financial Performance
Our net revenue totaled R$ 66.5 million in the 1Q08, a growth of 114,4% compared to the 1Q07
Our adjusted EBITDA reached R$ 47.4 million, a growth of 111,8% compared to 1Q07
Solid Cash Position: R$ 994 million
Disciplined Approach in Acquisitions
Considering 1Q08 results, the NOI of the acquired portfolio performed 10.3% above the NOI projected during the acquisition
The acquisitions concluded during the 1Q08 reflected a real, unleveraged, IRR of 13.0%
Growth via Greenfield Projects, Expansions and Acquisitions
We currently have 6 Greenfield projects and 10 planned expansions that by 2010 will jointly add 210.9 thousand m² to our
owned GLA
During the quarter, we concluded 2 acquisitions, adding 1 new shopping mall to our portfolio
2
3. Organic Growth
Same Property NOI1 Growth – 1Q07 vs. 1Q08
28.2%
37.0%
18.2%
1Q07 1Q08
Acquired Portfolio Original Portfolio
Same Store Rent/m² - Month Default Rate – 30 days Occupancy Rate
1.2%
8.3%
47.8%
53.6 11.5% 96.0%
49.6 6.0%
94.9%
1Q07 1Q08 1Q07 1Q08 1Q07 1Q08
Note 1: Considers our stake in the malls 3
4. Highlights - In Mont
Same Property NOI Sales/m² (month) Default Rate
25.8% 19.1% 54.1 %.
16.5%
Portfolio In Mont
983.8
7.6%
825.8
1Q07 1Q08 1Q07 1Q08 1Q07 1Q08
Vacancy (m²) Same Store Sale/m² (month)
17.5%
57.1 %
19.7% 40.0%
14.5% 735.5
8.5% 8.7%
626.1
1Q07 1Q08
August/07 March/08 4
5. Highlights – Shopping Estação
SHOPPING ESTAÇÃO CELEBRATES ONE YEAR IN BRMALLS’ PORTFOLIO
Acquisition Expected Return
Shopping Estação Feb. 07 Current
Real Unleveraged IRR 12.2% 17.1%
Real Leveraged IRR 19.2% 30.5%
Cap Rate 07 10.8% 12.6%
Cap Rate 08 12.4% 14.9%
NOI (R$ million) & Margin (%)
62.9%
19.0%
14.8
12.4 90.5%
9.1
60.9%
48.4%
Apr. 06 - Mar.07 Apr. 07 - Mar.08 Apr. 07 - Mar.08
OLD MANAGEMENT ACQUISITION PROJECTIONS
5
6. Greenfield Projects
Sete Lagoas CBTU
Project Status:
Initial project already approved by the Project Status:
municipal authorities but will be
Initial project already approved by the
resubmitted following certain minor
municipal authorities but will be
changes resubmitted following certain minor
changes
Bauru
Sete Lagoas
Bauru Belo Horizonte
Project Status:
Cabo Frio
Conducting market research Granja
Mooca
Vianna
Cabo Frio
Granja Viana
Mooca
Project Status:
Preliminary license already obtained
Project Status:
Project Status: Obtained license to begin
Definition of supplementary projects infrastructure works
Awaiting municipal authorities Advanced negotiation with: Renner,
approval Centauro, Fast Shop and Le Lis Blanc
Beginning of leasing process
6
7. Expansions e Mixed-Use Projects
Planned Expansions - Highlights Mixed-Used Projects - Highlights
Shopping Tamboré
10 planned expansions 4/10 expansions already include the
construction of commercial towers
Increase of 75 thousand m² in owned GLA
in 2010 Currently analyzing opportunities to include
commercial towers in other expansion projects
20% increase in owned GLA
Source of revenue: land swap
Beginning of construction in the expansions
of Shopping Caxias do Sul and Goiânia
Shopping
Shopping Iguatemi Caxias do Sul: 84% of Amazonas Shopping
GLA has been leased
Goiânia Shopping: 60% of GLA has been 5 commercial
leased towers
Inclusion of the expansion of Shopping Developer: Cyrella
Osasco which more than doubles the size
of the current mall
Shopping Caxias do Sul Goiânia Shopping
1 commercial tower
Developer: Cyrella
All units sold out
Beginning of
construction
7
8. Acquisitions
Evolution of Owned GLA (m²): 1Q07 vs. 1Q08 Potential to Increase Stake in Existing Shopping Malls
Companies from other sectors
11%
Individuals Shopping Mall
18% companies
5%
BRMALLS’
Ownership
170,676
380,160 41.8%
Pension funds
81.5%
209.484 24%
1
1Q07 Acquisitions 1Q08
Potential to Acquire New Shopping Malls
Market Share – Total GLA
10.3%
Other 28.6%
Shopping
Mall Groups
279 shopping malls
61.1%
More than 4.5 million m² of
GLA
8
1 Includes the increase in stake of Shopping São Luis