Company Presentation provides an overview of BR Properties S.A., the largest public commercial properties company in Brazil. The company owns 61 properties totaling approximately 1 million square meters across office buildings and warehouses. BR Properties has a diversified tenant base spanning various industries. The presentation outlines the company's favorable position in Brazil's commercial real estate sector, with macroeconomic growth supporting demand for commercial properties.
In 2005, Perini Corporation significantly increased its construction backlog to a record $7.9 billion, nearly half of which was attributable to the MGM MIRAGE's CityCenter project in Las Vegas. This increase was also due in part to acquisitions of Rudolph and Sletten and Cherry Hill Construction. Perini's diversified portfolio demonstrated the experience and versatility of its employees and project management teams.
Philip Snowling, Highways Supplier Relationship DevelopmentLandorLINKS
Philip Snowling, PSG Business Consulting
An overview of Highways Supplier Relationship Development(SRD) principles; including a
review of smarter contract behaviours,best practice findings and case studies
This document discusses the Home Delivery Network Logistics (HDNL) operation in the United Kingdom, which delivers 300,000 parcels daily to every postcode in the country. It outlines HDNL's Business Continuity Management System (BCMS) implementation and certification to the BS 25999 standard, including establishing regional stakeholders, conducting risk assessments, developing business continuity plans, tabletop exercises, and audits to achieve certification in October 2009 and February 2010. The document also asks how many miles the HDNL 1 man and 2 man delivery depot operation travels throughout the UK to deliver parcels.
The document summarizes budget requests from the Recreation Department for the 2010 budget year. It includes line items for the Summer Fun Program requesting $20,000, Recreation Cheerleaders requesting $35,000, Coaching Certification requesting $500, Girls Softball In-town requesting $15,000, and Travel Girls Softball requesting $26,300. The document provides details on the components and estimated costs for each program.
BR Properties is the largest commercial real estate company in Brazil. It owns over 1 million square meters of office and industrial properties across Brazil valued at R$3.33 billion. The company benefits from Brazil's strong economic growth and favorable real estate market dynamics to grow its high quality portfolio and provide stable cash flows through long term leases with built-in inflation adjustments.
BR Properties is the largest commercial real estate company in Brazil. It owns over 1 million square meters of office and industrial properties across Brazil valued at R$3.33 billion. The company benefits from Brazil's strong economic growth and favorable real estate market fundamentals, pursuing acquisitions and developments to rapidly grow its high quality portfolio. BR Properties employs conservative financing and long-term leases indexed to inflation to generate stable cash flows.
Company Presentation provides an overview of BR Properties S.A., the largest public commercial properties company in Brazil. The company owns a portfolio of 95 properties totaling 1.16 million square meters across office, industrial, and retail segments. BR Properties has a fully integrated in-house team and focuses on acquiring, managing, developing, and leasing high-quality commercial properties. The presentation highlights the company's execution on its post-IPO acquisitions plan and increasing stock liquidity.
In 2005, Perini Corporation significantly increased its construction backlog to a record $7.9 billion, nearly half of which was attributable to the MGM MIRAGE's CityCenter project in Las Vegas. This increase was also due in part to acquisitions of Rudolph and Sletten and Cherry Hill Construction. Perini's diversified portfolio demonstrated the experience and versatility of its employees and project management teams.
Philip Snowling, Highways Supplier Relationship DevelopmentLandorLINKS
Philip Snowling, PSG Business Consulting
An overview of Highways Supplier Relationship Development(SRD) principles; including a
review of smarter contract behaviours,best practice findings and case studies
This document discusses the Home Delivery Network Logistics (HDNL) operation in the United Kingdom, which delivers 300,000 parcels daily to every postcode in the country. It outlines HDNL's Business Continuity Management System (BCMS) implementation and certification to the BS 25999 standard, including establishing regional stakeholders, conducting risk assessments, developing business continuity plans, tabletop exercises, and audits to achieve certification in October 2009 and February 2010. The document also asks how many miles the HDNL 1 man and 2 man delivery depot operation travels throughout the UK to deliver parcels.
The document summarizes budget requests from the Recreation Department for the 2010 budget year. It includes line items for the Summer Fun Program requesting $20,000, Recreation Cheerleaders requesting $35,000, Coaching Certification requesting $500, Girls Softball In-town requesting $15,000, and Travel Girls Softball requesting $26,300. The document provides details on the components and estimated costs for each program.
BR Properties is the largest commercial real estate company in Brazil. It owns over 1 million square meters of office and industrial properties across Brazil valued at R$3.33 billion. The company benefits from Brazil's strong economic growth and favorable real estate market dynamics to grow its high quality portfolio and provide stable cash flows through long term leases with built-in inflation adjustments.
BR Properties is the largest commercial real estate company in Brazil. It owns over 1 million square meters of office and industrial properties across Brazil valued at R$3.33 billion. The company benefits from Brazil's strong economic growth and favorable real estate market fundamentals, pursuing acquisitions and developments to rapidly grow its high quality portfolio. BR Properties employs conservative financing and long-term leases indexed to inflation to generate stable cash flows.
Company Presentation provides an overview of BR Properties S.A., the largest public commercial properties company in Brazil. The company owns a portfolio of 95 properties totaling 1.16 million square meters across office, industrial, and retail segments. BR Properties has a fully integrated in-house team and focuses on acquiring, managing, developing, and leasing high-quality commercial properties. The presentation highlights the company's execution on its post-IPO acquisitions plan and increasing stock liquidity.
BR Properties is the largest commercial real estate company in Brazil. It has a portfolio of 95 properties totaling 1.16 million square meters across various Brazilian states. The company focuses on office, industrial, and retail properties leased to over 180 tenants. BR Properties has executed over $1 billion in acquisitions since its IPO and has 4 development projects underway that will add 148 thousand square meters of space once completed. The company's business model and Brazil's favorable economic conditions position it for continued growth.
Closing the Invoice to-Contract Cycle for Huge SavingsSAP Ariba
This document discusses SunTrust Bank's implementation of a spend management strategy using Ariba solutions. It provides an overview of SunTrust, describes their lack of spend visibility and contract compliance prior to the strategy. The goals were to ensure contract compliance by matching invoices to contract rates and to increase spend visibility. Ariba solutions deployed included supplier management, sourcing, contract management, procurement, accounts payable, and the Ariba Network. An evaluation of SunTrust's $2.1 billion procurable spend found 80% was concentrated among 400 suppliers and critical suppliers accounted for 40% of spend. The strategy aimed to close the invoice-to-contract cycle for significant savings.
An overview of the B2B services Rettie & Co offer clients including, consultancy & research, land & development and new homes sales & marketing.
The document discusses BBITS Consulting and the services they provide to help technology teams bridge the gap to business initiatives. BBITS Consulting offers consulting, training, and delivery services to upskill domain experts into business advisors through hands-on workshops. This helps teams build repositories of reusable business models and domain knowledge to accelerate business projects. Case studies show how BBITS Consulting has helped insurance, financial services, and securities companies streamline products and launch new offerings faster through upstream consulting work.
CSC's 2001 annual report summarizes the company's financial performance and key initiatives for the fiscal year. Revenues reached a record $10.5 billion, up 12.3% from the previous year, however earnings declined due to reduced demand for consulting services and some performance issues. CSC took actions to restructure operations and reduce costs in response. The company also completed acquisitions to expand its offerings in insurance, financial services, and banking to capitalize on growing markets. CSC continued to strengthen relationships with major clients and win new contracts, positioning itself for future success despite challenging market conditions.
The document provides steps for transforming a profit and loss statement into a tool for operational analysis and cost management. It recommends grouping ledger accounts into cost categories, defining analysis dimensions, and splitting the income statement across business areas to identify sources of profit and loss. The goal is to help companies better understand costs and revenues to improve operational efficiency and pricing strategies.
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Microfinance has grown significantly but was impacted by the financial crisis, slowing growth. It has the potential to become a new asset class but lacks liquidity and track record. IFC has supported the industry's development through investments, partnerships, and helping MFIs access capital markets. Case studies show how Compartamos issued local bonds in Mexico and an Indian securitization pooled loans from multiple small MFIs.
Baker Tilly is a real estate consulting firm with over 25 years of experience in Spain. They provide a range of services across the real estate lifecycle including transactions, investment management, project management, and corporate finance. Baker Tilly's mission is to provide value to clients by developing comprehensive and tailored solutions based on understanding client needs and markets. They have specialized teams and expertise in residential, office, industrial, logistics, and other sectors.
X-Solutions Ltd is a management consulting firm in Ghana that serves businesses. It has a team of experienced professionals with specialized expertise in areas like finance, marketing, technology, management, and human resources. Its mission is to provide comprehensive consulting services to clients in the private and public sectors. It offers various services including business planning, financial consulting, IT services, and research. While large firms dominate the industry, X-Solutions targets small and medium businesses as well as Ghanaians living abroad looking to invest. Its strategy is to attract new clients through business contacts and internet marketing.
X-Solutions Ltd is a management consulting firm in Ghana that serves businesses. It has a team of experienced professionals with specialized expertise in areas like finance, marketing, technology, management, and human resources. Its mission is to provide comprehensive consulting services to clients in the private and public sectors. It offers various services including business planning, financial consulting, IT services, and research. While large firms dominate the industry, X-Solutions targets small and medium businesses as well as Ghanaians living abroad looking to invest. Its strategy is to attract new clients through business contacts and internet marketing. Benefits of using X-Solutions include its understanding of clients, tailored approaches, and experience in areas such as business transformation.
Kubic Global is an investment management and development firm specializing in renewable energy, infrastructure, and sport center projects. They offer comprehensive investment solutions including investment management, project management, financing, and asset optimization. Kubic has been involved in over €400 million worth of deals totaling 70.3MW of power. They have an international portfolio and are actively developing projects in countries including Spain, France, Italy, Germany, and the United States.
David Butler is an experienced business finance sales professional with over 20 years of experience in invoice finance and factoring business development. He is seeking a new role and provides a summary of his key skills and career history, which includes numerous successful sales roles in invoice finance and factoring. He has consistently met or exceeded sales targets in previous roles through prospecting, networking, and providing solutions to clients.
RNM & Associates is a over 50-year-old corporate finance firm that provides services including mergers and acquisitions advisory, debt syndication, private placements, and corporate valuations. As a member of Geneva Group International, a global network of professional firms, RNM has experience facilitating cross-border transactions. Some of RNM's recent transactions include advising on the acquisition of a hotel and arranging debt financing for real estate projects. The firm follows a multi-step process when providing M&A advisory services to thoroughly evaluate deals and maximize client value.
We are emphasizing business support through infrastructure investments, relationship management, brand unification, and credit cards to unleash business segments and increase client loyalty and satisfaction.
1. The Brazilian cards industry continues to show substantial growth rates of around 13% annually in the number of cards and 22% in total spending, despite consolidation and regulation changes.
2. Cards transactions have strongly replaced check transactions over the last 10 years, with cards growing over 20% while checks declined around 8%.
3. Santander is a major player in both the cards issuing and acquiring businesses in Brazil.
We are emphasizing business support through infrastructure investments, relationship management, brand unification, and credit cards to unleash business segments and increase client loyalty and satisfaction.
The document provides a 1Q09 update from ProLogis including a forward looking statement and key takeaways. It discusses ProLogis' focus on preserving capital through actions like eliminating development starts and reducing dividends. It summarizes progress on simplifying operations, de-risking, and de-leveraging the balance sheet. The document reviews operating fundamentals, development portfolio leasing, industrial market conditions, and risks and opportunities.
This document provides an overview and training guide for CEOS, which stands for Customers, Employees, Owners, and Suppliers. It outlines the company's mission, core values, promise, and mantra to focus on financial success through finding, managing, sharing, exploring, and inspiring. It describes the management team and member benefits such as connecting professionals, storing documents, holding meetings, sourcing products and services, collaborating, asking questions, and accessing business services. The goal is to help small businesses through an online network.
The document describes a boutique management consulting firm called TTC Consulting that offers business services and solutions. It provides innovative, measurable, cost-efficient and flexible outsourced business services and project management. TTC works with clients at all levels to support growth, development, diversification and transformation. It prides itself on "turning business complexities into opportunities". The firm offers expertise in various sectors with a focus on delivering results through constructive engagement.
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2 t14 divulgação de resultados apresentaçãobrproperties
A Companhia registrou queda de 6% na receita líquida no 2T14 devido à venda de propriedades, porém o aluguel médio por m2 cresceu 6,2%. O lucro líquido aumentou 267% e o EBITDA ajustado foi de R$205,6 milhões, com margem de 92%. A Companhia também vendeu ativos e distribuiu dividendos extraordinários.
- BR Properties reported financial results for 2Q14 with net revenues decreasing 6% YoY due to property sales but average rent per sqm for remaining properties increasing 6.2% YoY.
- Net income increased 267% YoY to R$182.9 million in 2Q14. Adjusted EBITDA was R$205.6 million with a margin of 92%.
- The company signed new lease agreements, including with AIG Seguros Brasil and Indra Brasil, and continued improving vacancy rates in its office portfolio over the past four quarters.
BR Properties is the largest commercial real estate company in Brazil. It has a portfolio of 95 properties totaling 1.16 million square meters across various Brazilian states. The company focuses on office, industrial, and retail properties leased to over 180 tenants. BR Properties has executed over $1 billion in acquisitions since its IPO and has 4 development projects underway that will add 148 thousand square meters of space once completed. The company's business model and Brazil's favorable economic conditions position it for continued growth.
Closing the Invoice to-Contract Cycle for Huge SavingsSAP Ariba
This document discusses SunTrust Bank's implementation of a spend management strategy using Ariba solutions. It provides an overview of SunTrust, describes their lack of spend visibility and contract compliance prior to the strategy. The goals were to ensure contract compliance by matching invoices to contract rates and to increase spend visibility. Ariba solutions deployed included supplier management, sourcing, contract management, procurement, accounts payable, and the Ariba Network. An evaluation of SunTrust's $2.1 billion procurable spend found 80% was concentrated among 400 suppliers and critical suppliers accounted for 40% of spend. The strategy aimed to close the invoice-to-contract cycle for significant savings.
An overview of the B2B services Rettie & Co offer clients including, consultancy & research, land & development and new homes sales & marketing.
The document discusses BBITS Consulting and the services they provide to help technology teams bridge the gap to business initiatives. BBITS Consulting offers consulting, training, and delivery services to upskill domain experts into business advisors through hands-on workshops. This helps teams build repositories of reusable business models and domain knowledge to accelerate business projects. Case studies show how BBITS Consulting has helped insurance, financial services, and securities companies streamline products and launch new offerings faster through upstream consulting work.
CSC's 2001 annual report summarizes the company's financial performance and key initiatives for the fiscal year. Revenues reached a record $10.5 billion, up 12.3% from the previous year, however earnings declined due to reduced demand for consulting services and some performance issues. CSC took actions to restructure operations and reduce costs in response. The company also completed acquisitions to expand its offerings in insurance, financial services, and banking to capitalize on growing markets. CSC continued to strengthen relationships with major clients and win new contracts, positioning itself for future success despite challenging market conditions.
The document provides steps for transforming a profit and loss statement into a tool for operational analysis and cost management. It recommends grouping ledger accounts into cost categories, defining analysis dimensions, and splitting the income statement across business areas to identify sources of profit and loss. The goal is to help companies better understand costs and revenues to improve operational efficiency and pricing strategies.
Microfinance as an asset class and related case studiesIFMR
Microfinance has grown significantly but was impacted by the financial crisis, slowing growth. It has the potential to become a new asset class but lacks liquidity and track record. IFC has supported the industry's development through investments, partnerships, and helping MFIs access capital markets. Case studies show how Compartamos issued local bonds in Mexico and an Indian securitization pooled loans from multiple small MFIs.
Baker Tilly is a real estate consulting firm with over 25 years of experience in Spain. They provide a range of services across the real estate lifecycle including transactions, investment management, project management, and corporate finance. Baker Tilly's mission is to provide value to clients by developing comprehensive and tailored solutions based on understanding client needs and markets. They have specialized teams and expertise in residential, office, industrial, logistics, and other sectors.
X-Solutions Ltd is a management consulting firm in Ghana that serves businesses. It has a team of experienced professionals with specialized expertise in areas like finance, marketing, technology, management, and human resources. Its mission is to provide comprehensive consulting services to clients in the private and public sectors. It offers various services including business planning, financial consulting, IT services, and research. While large firms dominate the industry, X-Solutions targets small and medium businesses as well as Ghanaians living abroad looking to invest. Its strategy is to attract new clients through business contacts and internet marketing.
X-Solutions Ltd is a management consulting firm in Ghana that serves businesses. It has a team of experienced professionals with specialized expertise in areas like finance, marketing, technology, management, and human resources. Its mission is to provide comprehensive consulting services to clients in the private and public sectors. It offers various services including business planning, financial consulting, IT services, and research. While large firms dominate the industry, X-Solutions targets small and medium businesses as well as Ghanaians living abroad looking to invest. Its strategy is to attract new clients through business contacts and internet marketing. Benefits of using X-Solutions include its understanding of clients, tailored approaches, and experience in areas such as business transformation.
Kubic Global is an investment management and development firm specializing in renewable energy, infrastructure, and sport center projects. They offer comprehensive investment solutions including investment management, project management, financing, and asset optimization. Kubic has been involved in over €400 million worth of deals totaling 70.3MW of power. They have an international portfolio and are actively developing projects in countries including Spain, France, Italy, Germany, and the United States.
David Butler is an experienced business finance sales professional with over 20 years of experience in invoice finance and factoring business development. He is seeking a new role and provides a summary of his key skills and career history, which includes numerous successful sales roles in invoice finance and factoring. He has consistently met or exceeded sales targets in previous roles through prospecting, networking, and providing solutions to clients.
RNM & Associates is a over 50-year-old corporate finance firm that provides services including mergers and acquisitions advisory, debt syndication, private placements, and corporate valuations. As a member of Geneva Group International, a global network of professional firms, RNM has experience facilitating cross-border transactions. Some of RNM's recent transactions include advising on the acquisition of a hotel and arranging debt financing for real estate projects. The firm follows a multi-step process when providing M&A advisory services to thoroughly evaluate deals and maximize client value.
We are emphasizing business support through infrastructure investments, relationship management, brand unification, and credit cards to unleash business segments and increase client loyalty and satisfaction.
1. The Brazilian cards industry continues to show substantial growth rates of around 13% annually in the number of cards and 22% in total spending, despite consolidation and regulation changes.
2. Cards transactions have strongly replaced check transactions over the last 10 years, with cards growing over 20% while checks declined around 8%.
3. Santander is a major player in both the cards issuing and acquiring businesses in Brazil.
We are emphasizing business support through infrastructure investments, relationship management, brand unification, and credit cards to unleash business segments and increase client loyalty and satisfaction.
The document provides a 1Q09 update from ProLogis including a forward looking statement and key takeaways. It discusses ProLogis' focus on preserving capital through actions like eliminating development starts and reducing dividends. It summarizes progress on simplifying operations, de-risking, and de-leveraging the balance sheet. The document reviews operating fundamentals, development portfolio leasing, industrial market conditions, and risks and opportunities.
This document provides an overview and training guide for CEOS, which stands for Customers, Employees, Owners, and Suppliers. It outlines the company's mission, core values, promise, and mantra to focus on financial success through finding, managing, sharing, exploring, and inspiring. It describes the management team and member benefits such as connecting professionals, storing documents, holding meetings, sourcing products and services, collaborating, asking questions, and accessing business services. The goal is to help small businesses through an online network.
The document describes a boutique management consulting firm called TTC Consulting that offers business services and solutions. It provides innovative, measurable, cost-efficient and flexible outsourced business services and project management. TTC works with clients at all levels to support growth, development, diversification and transformation. It prides itself on "turning business complexities into opportunities". The firm offers expertise in various sectors with a focus on delivering results through constructive engagement.
Connecor company presentation summary selling a businessConnecor
The document provides an overview of the process for selling a business, outlining 9 key phases from initial review through closing the deal, and noting that the process typically takes 26 weeks on average; it also introduces Connecor Investments as a company that assists with business transactions and has offices worldwide.
2 t14 divulgação de resultados apresentaçãobrproperties
A Companhia registrou queda de 6% na receita líquida no 2T14 devido à venda de propriedades, porém o aluguel médio por m2 cresceu 6,2%. O lucro líquido aumentou 267% e o EBITDA ajustado foi de R$205,6 milhões, com margem de 92%. A Companhia também vendeu ativos e distribuiu dividendos extraordinários.
- BR Properties reported financial results for 2Q14 with net revenues decreasing 6% YoY due to property sales but average rent per sqm for remaining properties increasing 6.2% YoY.
- Net income increased 267% YoY to R$182.9 million in 2Q14. Adjusted EBITDA was R$205.6 million with a margin of 92%.
- The company signed new lease agreements, including with AIG Seguros Brasil and Indra Brasil, and continued improving vacancy rates in its office portfolio over the past four quarters.
1. In 1Q14, BR Properties reported net revenues of R$232.9 million, a 3% increase over 1Q13. Adjusted EBITDA was R$209.3 million with a margin of 90%. Net income reached R$59.5 million.
2. The portfolio is comprised primarily of office properties (64% by value). Financial and physical vacancy rates were 8.1% and 4.6% respectively, excluding a property under lease-up.
3. In March, BR Properties signed an agreement to sell its entire industrial/logistics portfolio to GLP for R$3.18 billion, subject to regulatory approval.
1 t14 divulgação de resultados apresentaçãobrproperties
A Companhia registrou receita líquida de R$232,9 milhões no 1T14, um crescimento de 3% em relação ao ano anterior. O lucro líquido foi de R$59,5 milhões. A dívida líquida aumentou 3% para R$4,75 bilhões, com Loan to Value de 35%.
- In 2013, BR Properties saw significant growth in key financial metrics such as net revenues (+46%), adjusted EBITDA (+76%), and adjusted FFO (+246%) due to additional rental revenues and properties delivered.
- The company delivered 6 new projects representing 205 thousand sqm of GLA in 2013, of which 84% was already leased. Average leasing spreads were 3.0% across 347 thousand sqm of renegotiated GLA.
- In November, the company agreed to sell its entire industrial/logistics portfolio to WTGoodman for R$3.18 billion, subject to approvals and due diligence, with proceeds to be used for debt reduction, share repurchases, and divid
A Companhia registrou forte crescimento de receita e lucro em 2013. O EBITDA ajustado cresceu 76% e a margem EBITDA atingiu 94%. A dívida líquida aumentou 2% e a cobertura de juros foi mantida.
- BR Properties reported strong financial and operating results for 3Q13, with net revenues increasing 41% and adjusted EBITDA up 47% compared to 3Q12.
- The company completed the sale of 3 assets for R$482 million at an average cap rate of 8.5%, reducing its loan-to-value ratio.
- Leasing spreads remained positive at 1.7% on average for the quarter, and financial and physical vacancy dropped to 9.7% and 4.9%, respectively, excluding recently delivered properties.
- BR Properties continues to improve its balance sheet, lowering its net debt to adjusted EBITDA ratio to 5.2x and extending its debt maturity profile.
3 t13 br properties divulgação dos resultados apresentaçãobrproperties
O relatório apresenta os resultados financeiros do 3T13, destacando: 1) crescimento de 41% na receita líquida e 47% no EBITDA ajustado em relação ao 3T12; 2) redução de 29% na alavancagem medida pelo índice Dívida Líquida/EBITDA; 3) aumento de 171% no FFO ajustado.
Presentation real estate investment fundbrproperties
This document provides information on three Class A office properties in Brazil: RB 115 Building in Rio de Janeiro with 11,514.60 sqm of leasable area, Ouvidor Building also in Rio de Janeiro with 6,284.81 sqm, and Pateo Bandeirantes Building in Sao Paulo with 17,458.32 sqm. All properties have sprinklers, smoke detectors, raised floors, and air conditioning. RB 115 and Ouvidor were retrofitted in 2010 and 2009 respectively while Pateo Bandeirantes was constructed in 2012. Location maps, photos, floor areas, and lease values are also provided.
O documento resume três propriedades comerciais de escritórios no Brasil, fornecendo detalhes técnicos, informações gerais, mapas, fotos e tabelas de áreas e valores de locação para cada um.
A BR Properties é a maior empresa de imóveis comerciais do Brasil, com um portfólio de R$ 14,1 bilhões e mais de 2 milhões de m2 de área locável. Sua estratégia é criar valor através de locações, revisões contratuais e melhorias nas propriedades. O portfólio diversificado inclui propriedades de escritórios e galpões de alta qualidade em São Paulo e Rio de Janeiro.
This document provides an overview of BR Properties' commercial real estate portfolio, which includes 123 properties concentrated in São Paulo and Rio de Janeiro. The portfolio consists of office, warehouse, retail, and development properties totaling over 2.2 million square meters. The office portfolio has a market value of R$9.3 billion and is located across 6 states, mainly in São Paulo and Rio de Janeiro. The industrial portfolio has a market value of R$3.35 billion and consists of warehouses across 5 states, concentrated in São Paulo.
O portfólio inclui 44 escritórios, 37 galpões e 6 empreendimentos em desenvolvimento, concentrado principalmente em São Paulo e Rio de Janeiro. O portfólio total é de aproximadamente 2,2 milhões de metros quadrados.
This document provides an overview of the largest commercial property company in Brazil with a portfolio valued at US$6.3 billion. It details the company's diversified portfolio of 123 properties across 14 Brazilian states, with tenants from various industries. The company has experienced strong growth rates exceeding its competitors and maintains high occupancy rates. It employs a strategy of acquisitions, developments and improvements to create value in its portfolio.
Apresentação institucional agosto de 2013brproperties
A BR Properties é a maior empresa de imóveis comerciais do Brasil, com um portfólio de R$ 14,1 bilhões em valor de mercado e mais de 2 milhões de m2 em área bruta locável. Sua estratégia envolve locações, revisões contratuais, retrofits e melhorias para criar valor, além de aquisições e desenvolvimentos seletivos. O portfólio diversificado é composto principalmente por escritórios e galpões de logística de alta qualidade em São Paulo e Rio de Janeiro.
2 t13 br properties divulgação dos resultados apresentaçãobrproperties
O documento apresenta os resultados financeiros e operacionais da Companhia no 2T13. Destaca-se que a receita líquida cresceu 48% em relação ao 2T12, o EBITDA ajustado aumentou 52% e a margem EBITDA ajustada foi de 93%. Adicionalmente, o FFO ajustado cresceu 947% e a margem FFO ajustada foi de 37%.
The document provides highlights from BR Properties' 2Q13 earnings release presentation. Key points include:
- 2Q13 net revenues increased 48% YoY to R$238.2 million due to additional rental revenues. Adjusted EBITDA rose 52% to R$221.2 million.
- Financial vacancy was 10.8% while physical vacancy was 5.5%, excluding recently delivered properties.
- During 2Q13 the company renegotiated debt, reducing average cost from TR + 10.36% to TR + 9.39%.
- Standard & Poor's altered its outlook on BR Properties from neutral to positive. The company also raised R$450 million in debentures.
In the first quarter of 2013:
- BR Properties' net revenues increased 123% to R$225.9 million due to additional rental revenues from new properties. Adjusted EBITDA rose 136% to R$212.1 million.
- The company's portfolio value reached R$14.03 billion with 63% comprised of office properties. Financial vacancy was 8.9% while physical vacancy was 4.7%.
- Net income totaled R$90.9 million. Adjusted FFO excluding non-cash items was R$77.2 million, with an adjusted FFO margin of 34%.
In the first quarter of 2013:
- BR Properties' net revenues increased 123% to R$225.9 million due to additional rental revenues from new properties. Adjusted EBITDA grew 136% to R$212.1 million.
- The company's portfolio value reached R$14.03 billion and financial vacancy was 8.9%, impacted by a recently delivered building that is still leasing up.
- BR Properties saw its stock price fall 4% over the quarter but trading volume increased significantly.
1 t13 br properties divulgação dos resultados apresentaçãobrproperties
A Companhia registrou forte crescimento de receita no 1T13, com lucro líquido de R$90,9 milhões. O EBITDA ajustado aumentou 136% e a dívida líquida permaneceu estável. A vacância financeira subiu para 8,9% devido à entrega de novos empreendimentos.
2. Disclaimer
► The material that follows is a presentation of general background information about BR Properties S.A. and its subsidiaries (“BR
Properties” or “BRP” or the “Company”) prepared as of the date of the presentation by BR Properties.
► This information is in summary form and does not purport to be complete. It is not intended to be relied upon as advice to potential
investors. Information contained in this material has not been independently verified. Certain information has been obtained from
public sources. Information not obtained from public sources and contained herein was prepared solely based on information
provided by the Company. No representation or warranty, either express or implied, is made concerning, and no reliance should be
placed on, the accuracy, fairness, or completeness of the information presented herein. This material has been prepared 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 advice. It is not targeted to the specific investment objectives, financial situation or particular needs of any
recipient. It is not intended to provide the basis for any third party evaluation of any securities or any offering of them and should not
be considered as a recommendation that any investor should subscribe for or purchase any securities
► Although BR Properties believes that the expectations and assumptions reflected in the forward-looking statements are reasonably
based on information currently available to BRP’s management, BR Properties cannot guarantee future results or events. BR
Properties expressly disclaims a duty to update any of the forward-looking statement.
► Neither this material nor its content shall be deemed to constitute an offer of or an invitation, or solicitation of an offer to subscribe
for or purchase any securities. The information contained herein is subject to change without notice and neither the Company past
performance is not indicative of future results. Neither this presentation nor anything contained herein shall form the basis of any
contract or commitment whatsoever.
► No person is authorized to give any information or to make any representation not contained in and not consistent with this material
and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of the
Company.
► These materials are strictly confidential and are being submitted to selected recipients only. They may not be reproduced (in whole
or in part), distributed or transmitted to any other person without the prior written consent of the Company. These materials are not
intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be
contrary to local law or regulation.
2
3. Company Overview
The largest and most complete commercial properties company in Brazil
Company Description Illustrated Portfolio – Recent Acquisitions
► Largest public commercial properties company in Brazil
► A GP sponsored company, BR Properties was founded in Dec/06
by an experienced team of executives, aiming at acquiring, Manchete Building
managing, developing and leasing high quality commercial 26,439 sqm
properties in Brazil Acquisition: Jun/10
► Company’s portfolio currently holds 61 properties, with
approximately 1 million sqm of GLA and estimated market value of
R$ 2.98 billion
► Experienced in-house teams: acquisitions, financing, legal and
engineering
DP Louveira 8 & 9
88,643 sqm
► Market recognition: proven ability to source deals and execute Acquisition: Jun/10
transactions makes BR Properties the partner of choice for co-
development and built-to-suit operations
► 4 greenfield projects, with approximately 150.4 thousand sq m
of gross leasable area (GLA)
RB 115
11,344 sqm
3
4. Portfolio Overview
A top-notch portfolio comprised of office buildings and warehouses, located in the most dynamic
regions of Brazil
Market Value of the Portfolio¹ (R$ mm) GLA Breakdown by Type of Property¹ sq m
# of Properties
36 24 1 61
730.148 7.184 993.143
1,311 22
22 2,988
2.988
1.311
1,655
1.655
255.810
Office
Escritórios Warehouse
Galpões Redevelopment
Redesenvolvimento Total Escritórios
Office Galpões
Warehouse Redesenvolvimento
Redevelopment Total
Main Tenants Tenant Base Breakdown by Industry
► 150 tenants
Other Storaging
Telecom Consumer
Goods
Tecnology
Credit Cards
Media Construction
Consulting
Publishing
Education
Energy
Pharma
Logistics
Industrial
Government Financial Inst.
Note:
1 As of June, 2010 BR Properties tenant base entails some of the best known Companies
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in the country, spanning wide industry diversification
5. Investment Case
A unique vehicle, exposed exclusively to Brazilian commercial real estate, extremely well
positioned to benefit from the bullish fundamentals of the sector in Brazil
Favorable
Macro-Economic
Scenario
World-Class
1
Sponsorship Attractive Sector
and Tier 1 Dynamics
5 2
Management Team
4 3
Broad Growth Potential:
Natural Industry Unique Business Model
Consolidator
5
6. 1 Favorable Macro-Economic Conditions 1Q10
Growing industrial production and GDP, declining unemployment rates and single-digit interest
rates are fueling sectors exposed to domestic market
Real GDP Growth (%) Unemployment Rate (%)¹
► Pent-up demand for commercial properties ► Emerging middle class
12.4%
6.3% 11.9%
5.7% 5.7% 11.0%
5.1% 9.7% 9.7%
4.5% 8.7%
4.0% 7.9%
3.2%
2.7% 6.5%
6.8%
1.3% 1.1%
-0.2%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010E 2011E 2002 2003 2004 2005 2006 2007 2008 2009 2010E
Industrial Production Growth (%)¹ NTN-B (% aa.) - July 15th 2010
► Increasing demand for industrial and distribution space ► Lower interest Rates
► Increased credit availability
12%
10.5%
6.2% 11%
3.8% 3.8%
10%
9%
-5.5% 8%
7%
6.2%
6%
-17.7%
5%
2005 2006 2007 2008 2009 2010E
4%
Source: Brazilian Central Bank
Note: Aug-06 Feb-07 Aug-07 Feb-08 Aug-08 Feb-09 Aug-09 Feb-10
1 Adjusted Seasonally
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7. 1 Favorable Macro-Economic Conditions 1Q10
The potential increase in the nominal interest rate until the end of the year would result in a small
increase in the TR, main index that readjusts our financing contracts
The inflation increase, on the other hand, would have a positive effect on the Company’s results, given
that 100% of our lease contracts are indexed to inflation rates
Our cash reserves are invested exclusively in bank notes indexed to the Brazilian inter-bank rate (CDI),
which would cause an increase in our financial revenues with the forecast increase in the SELIC rate
Effects of the Nominal Expected Positive Effects of the Growth
Interest Rate Increase of Inflation Indexes
(SELIC vs. TR) (TR vs. IPCA vs. BRPR Inflation basket)
14,0% 9,0% BRPR Basket of lease contract
inf lation readjustment indices
12,0% 12,00% 8,0% TR 7,95%
7,0%
10,0% IPCA (CPI)
8,75%
6,0%
8,0% 5,47%
Forecast SELIC 5,0% 4,31%
6,0% TR 4,0%
3,0%
4,0%
2,0%
2,0% 0,82% 0,97%
0,82% 0,97% 1,0%
0,0% 0,0% 0,00%
2009 2010e 2009 2010e
Source: Santander research
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8. 2 Attractive Sector Dynamics
Low vacancy combined with steady demand and short supply in the near term allow for solid
growth potential in the commercial properties sector
São Paulo Rio de Janeiro
Rental Rate (R$/sq m/month) Vacancy Rate (%) Rental Rate (R$/sq m/month) Vacancy Rate (%)
120 20 12
150
95 123
16
120
90
8
12 90
60
8 60
5.9 4 3.7
30
4 30
0 0 0 0
2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010
New Offerings (‘000 sq m) Gross Absorption (‘000 sq m) New Offerings (‘000 sq m) Gross Absorption (‘000 sq m)
800 150 240
250
200
200 600
100 160
150
400 120
100
50 80
200 148
50 43 20 40 27
0 0 0 0
2005 2006 2007 2008 2009 1Q10 2005 2006 2007 2008 2009 1Q10 2005 2006 2007 2008 2009 1Q10 2005 2006 2007 2008 2009 1Q10
Source: CBRE
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9. 3 Unique Business Model
BR Properties benefits from its strong expertise to add value throughout the whole Real Estate
investment chain…
Value Creation
Pro-active Lease / Property
Deal Sourcing Management
Selective
Retrofit
Developments
Conservative
Divestment
Use of Leverage
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10. 3 2010 Gross Leasable Area Evolution
Out of 8 acquisitions finalized in 2010, 5 were concluded only three months after IPO
► GLA Acquired: 392,121 sqm ►► 2010 GLA Growth: 62% ano: 62%
Crescimento do ABL no
► Acquisitions’ market value: R$1,304 mm ►► Amountinvestido após IPO: R$ 873.8 mm
Valor invested after 873,8
► Amount invested: R$ 1,196 mm
► Concluded Acquisitions: 8
► Concluded Disinvestments: 3
993,143 sqm
IPO 260.0 1,196.2
1.196,2
157.0
157,0
94.1
94,1
182.7
182,7
613,645 sqm
180.0
180,0
151.2
151,2
101.2
101,2
69.8
69,8
DP Araucária BBP TNU Jacarandá DP Louveira RB 115 DP Louveira Manchete Total
Build. 3,4,5,6 8,9 Build.
Dec/09 Mar/10 Jun/10 Jul/10
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11. 3 Unique Business Model: Successful Cases
Sale Value Addition
Ed. Generali Henrique Schaumann
Acquisition Value R$ 16.6 mm Acquisition Value R$ 41.0 mm
Acquisition Date Aug/07 Acquisition Date Nov/07
Sale Value R$ 21.5 mm Re-tenanting R$ 6.5 mm / year (42%
increase on rental income)
Sale Date Jan/10
Retrofit Elevators/ Façade/Parking
Holding Period 29 months
IRR 36% 2009 Appraised Value R$ 78.0 mm
ROE*: 147% 90,0 45,00
38.10
80,0 40,00
70,0 35,00
26.97
30,00
60,0
25,00
50,0
21.5 78.0 20,00
40,0
15,00
16.6 30,0 10,00
41.0
20,0 5,00
10,0 -
Acquisiton Value Sale Value At Acquisition Current
* Before taxes Property Value
Lease/sq m
Note:
1 CBRE’s independent appraisal, as of December 31st, 2009
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12. 4 Broad Growth Potential: Natural Industry Consolidator
Ample market fragmentation and lack of professional competitors creates a unique environment
for market consolidators
Fragmented Industry (in terms of GLA – sq m) Stages of Our Acquisition Pipeline Jun/10 (R$ mm)
Addressable Market: 36.3 mm sq m
Current Portfolio R$2,988 Total Acquisition Pipeline R$3,543
Non – Organized
Market
92% 3.543
2.390
2.114
1.476
1.429
1.153
914
Organized 638
515
Companies
8%
In Negotiation Under Analysis Total Pipeline
Office Industrial Retail Total
Br Properties
22%
10 Organized
Companies
78%
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13. 5 Management Team Biography
BR Properties is managed by a team of seasoned professionals, highly motivated and fully aligned
with stockholders through long term stock options plans
Mr. Bruni’s whole career was dedicated to real estate development and management. From 1979 to 1989, Mr. Bruni worked for
Claudio Bruni
Multiplan, Brazil’s largest real estate developer, where he was in charge of market research, construction management, commercial
CEO and residential planning, and development. From 1983 to 1985, Mr. Bruni was the Managing Director of Renasce, Brazil’s first
shopping center management company, a joint venture of Multiplan and Brazilian investment bank Bozano, Simonsen.
From 1986 to 1994 Mr. Bruni co-partnered in Visor, a real estate development company dedicated to low income residential
housing, where he helped develop 4,000 residential units, generating revenues of US$128 million.
In 1988, Mr. Bruni founded Deico, Brazil´s largest independent real estate services company, where he was the CEO until
December of 2006. Mr. Bruni served as Executive Vice-President of ABRASCE, Brazil’s shopping center association for 3 years.
Mr. Bruni served as a member of the Retail and Commercial Development Council of the Urban Land Institute.
Claudio Bruni is a civil engineer, with a graduate degree from The Polytechnic School of Engineering at the University of São Paulo
(class of 1978). Industry Experience: 31 Years
Mr. Jaco started his career in Andrade Gutierrez and Metodo Engenharia and joined CB Richard Ellis in 1996 with the objective of
Martin Jaco
developing the investment consultancy operations of the company in Brazil. Mr. Jaco had direct responsibility and involvement in all
CIO investment activities of the company in the country in the last 10 years, especially in advising investments for institutional investors,
pension funds, property companies and foreign institutions.
Martin Jaco graduated as a civil engineer from the Polytechnic School of Engineering at the University of São Paulo, Brazil, MBA
from the College of Estate Management, Reading University, UK and a Postgraduate Diploma in Project Management from the
Royal Institute of Chartered Surveyors, UK. Industry Experience: 17 Years
Mr. Cordeiro was in charge of construction and project management at Schahin Cury and Metodo Engenharia (general contractors)
Marco Antônio
Cordeiro for 15 years. While at Deico, Mr. Cordeiro was in charge of planning, market studies, feasibility analysis and appraisals. Mr.
Cordeiro has also been in charge of the consulting division, advising the vast majority of Brazilian pension funds. Mr. Cordeiro has
COO assisted pension funds in over US$350 million of real estate transactions in the last 2 years.
Marco Cordeiro is a civil engineer, with a graduate degree from the Polytechnic School of Engineering at the University of São
Paulo and specialization at the Business School of Fundação Getúlio Vargas. Industry Experience: 30 Years
Mr. Daltro started his career in Banco Marka as a Corporate Finance Manager and a Deputy Director. Later, he worked as a VP in
Pedro Daltro
the Credit Risk Management department of Citigroup and Treasurer and Financial Manager in Gafisa, the second largest real estate
CFO developer in Brazil. After Gafisa, he went back to Citigroup as Director of the Public Sector, Infrastructure and Real Estate division.
Pedro Daltro has a bachelor´s degree in Business Administration from Unifacs, Brazil, and MBA from the Owen Graduate School of
Management, Vanderbilt University, U.S. Industry Experience: 16 Years
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14. Financial Highlights 1Q10
Net Revenues 1Q10 (R$ mm) EBITDA (R$ mm) and EBITDA Margin (%)
85% 88%
85%
46.753
52.874
35.479
41.600
27.281
23.210
1Q09 1Q10 1Q10 Pro Forma 1Q09 1Q10 1Q10 Pro Forma
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15. Solid Balance Sheet
Net Debt 1Q10 (R$ mm) Debt Profile 1Q10 (Index)
4.8%
5.1%
637 TR
698
788 IGPM
CDI
58
92 90
Short Term Obligations Long Term Total Debt Cash & Net Debt
Debt for Debt Equivalents 90.1%
Acquisitions
Debt Amortization Schedule 1Q10 (R$ mm)
221.818
77.812 72.846 81.006
63.496 56.650
42.008 48.312 37.904
24.025
2.738 1.027
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
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16. Strategy Going Forward
► Deployment of the offering proceeds (R$726 million) over the next 9 to 12 months
► Maintain Loan to Value of roughly 50%
► Maintain diversification levels of our current portfolio
► Keep development at a level equal to or below 15% of our portfolio
► Maintain focus on key regions of the country
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