BRProperties reported strong financial results for the 1st quarter of 2010, with gross revenues increasing 52% and adjusted EBITDA rising 53% compared to 1Q09. Operationally, the number of properties managed grew to 27 in 1Q10 from 23 in 1Q09. Several acquisitions were completed in 1Q10 and April 2010, increasing the company's industrial and office portfolio. Recent property sales and repositioning demonstrate the company's ability to generate strong returns through value-added strategies.
This document provides an overview of Camargo Corrêa Desenvolvimento Imobiliário (CCDI), a Brazilian real estate development company. CCDI operates in multiple market segments, including low-income, traditional, and luxury ("Triple A") projects. In 2010, CCDI accelerated its growth, launching 27 projects with over 8,000 units and R$1.5 billion in potential sales value. CCDI also expanded regionally, with new offices launching projects in Rio de Janeiro, Espírito Santo, Minas Gerais, and Paraná. Going forward, CCDI aims to continue growing its operations while maintaining a focus on costs, innovation, and client satisfaction.
Petrobras is a Brazilian energy company and the third largest energy company in the world. In the first half of 2011, Petrobras reported a net profit of $13.2 billion, up 53.8% from 2010. Petrobras has significant oil and gas reserves, including an estimated 8-10 billion barrels of oil equivalent in its major pre-salt discoveries off the coast of Brazil. The company is investing heavily to develop its pre-salt and other resources, with a $224.7 billion business plan through 2015 focused on increasing production.
The document provides case studies summarizing Cogentic's work helping companies with innovation, incubation and investment. It describes projects helping DivX enter the consumer electronics market and secure funding, developing strategies for Sony and LSI Logic, sourcing capital for Green Earth Fuels and VSE, and deploying Qualcomm's BREW technology globally.
Petrobras is a large, integrated Brazilian energy company that reported strong financial results in the first half of 2011. Some key details:
1) Petrobras produced over 2.6 million barrels of oil and gas per day in the first half of 2011, with significant exploration assets.
2) The company reported a net profit of $13.2 billion for the first half of 2011, a 53.8% increase over the same period in 2010.
3) Petrobras has committed $224.7 billion in investments between 2011-2015, with over half ($127.5 billion) dedicated to expanding exploration and production, especially in pre-salt areas.
MPX Energia reported financial results for 3Q12 with the following highlights:
- Net operating revenues increased 219% to R$133 million driven by energy supply contracts and trading.
- Consolidated operating expenses increased slightly to R$68.5 million.
- Net financial result was impacted by decreases in the fair value of convertible debentures and financial investments.
- Total capital expenditures on power plants in construction were R$521.6 million for the quarter.
Petrobras is a Brazilian oil and gas company that has been operating since 1953. In 2010, Petrobras reported net profits of $19.2 billion, up 24% from 2009. Petrobras has significant oil and gas reserves and ongoing exploration success that allow it to be a prominent player in the global energy industry. The company plans to invest $224 billion between 2010-2014, focusing on expanding production, particularly from pre-salt reserves off the coast of Brazil.
Relatorio de sustentabilidade hotel RezidorEcoHospedagem
This document provides an overview of the Rezidor Hotel Group's Responsible Business programme and performance from 2009. It discusses the company's long history of environmental and social responsibility initiatives dating back to 1989. The programme now encompasses economic, environmental and social pillars and is integrated throughout Rezidor's operations globally. Key achievements in 2009 included endorsing the UN Global Compact's Caring for Climate initiative, obtaining 27 new eco-labels, improving environmental performance metrics, and awarding the Responsible Business Award to the Radisson Blu Hotel, Amsterdam Airport.
This document provides an overview of Camargo Corrêa Desenvolvimento Imobiliário (CCDI), a Brazilian real estate development company. CCDI operates in multiple market segments, including low-income, traditional, and luxury ("Triple A") projects. In 2010, CCDI accelerated its growth, launching 27 projects with over 8,000 units and R$1.5 billion in potential sales value. CCDI also expanded regionally, with new offices launching projects in Rio de Janeiro, Espírito Santo, Minas Gerais, and Paraná. Going forward, CCDI aims to continue growing its operations while maintaining a focus on costs, innovation, and client satisfaction.
Petrobras is a Brazilian energy company and the third largest energy company in the world. In the first half of 2011, Petrobras reported a net profit of $13.2 billion, up 53.8% from 2010. Petrobras has significant oil and gas reserves, including an estimated 8-10 billion barrels of oil equivalent in its major pre-salt discoveries off the coast of Brazil. The company is investing heavily to develop its pre-salt and other resources, with a $224.7 billion business plan through 2015 focused on increasing production.
The document provides case studies summarizing Cogentic's work helping companies with innovation, incubation and investment. It describes projects helping DivX enter the consumer electronics market and secure funding, developing strategies for Sony and LSI Logic, sourcing capital for Green Earth Fuels and VSE, and deploying Qualcomm's BREW technology globally.
Petrobras is a large, integrated Brazilian energy company that reported strong financial results in the first half of 2011. Some key details:
1) Petrobras produced over 2.6 million barrels of oil and gas per day in the first half of 2011, with significant exploration assets.
2) The company reported a net profit of $13.2 billion for the first half of 2011, a 53.8% increase over the same period in 2010.
3) Petrobras has committed $224.7 billion in investments between 2011-2015, with over half ($127.5 billion) dedicated to expanding exploration and production, especially in pre-salt areas.
MPX Energia reported financial results for 3Q12 with the following highlights:
- Net operating revenues increased 219% to R$133 million driven by energy supply contracts and trading.
- Consolidated operating expenses increased slightly to R$68.5 million.
- Net financial result was impacted by decreases in the fair value of convertible debentures and financial investments.
- Total capital expenditures on power plants in construction were R$521.6 million for the quarter.
Petrobras is a Brazilian oil and gas company that has been operating since 1953. In 2010, Petrobras reported net profits of $19.2 billion, up 24% from 2009. Petrobras has significant oil and gas reserves and ongoing exploration success that allow it to be a prominent player in the global energy industry. The company plans to invest $224 billion between 2010-2014, focusing on expanding production, particularly from pre-salt reserves off the coast of Brazil.
Relatorio de sustentabilidade hotel RezidorEcoHospedagem
This document provides an overview of the Rezidor Hotel Group's Responsible Business programme and performance from 2009. It discusses the company's long history of environmental and social responsibility initiatives dating back to 1989. The programme now encompasses economic, environmental and social pillars and is integrated throughout Rezidor's operations globally. Key achievements in 2009 included endorsing the UN Global Compact's Caring for Climate initiative, obtaining 27 new eco-labels, improving environmental performance metrics, and awarding the Responsible Business Award to the Radisson Blu Hotel, Amsterdam Airport.
1) BRProperties reported a 30% increase in 1Q12 net revenues to R$101.2 million compared to 1Q11. Adjusted EBITDA increased 34% to R$91.8 million with margins of 91%.
2) The portfolio market value increased 123% to R$11.7 billion in 1Q12 compared to 1Q11. Occupancy rates remained high at 98.4% for offices, 99.2% for industrial properties, and 100% for retail properties.
3) Debt increased 118% to R$4.7 billion in 1Q12 compared to 1Q11 while cash increased 7% resulting in a 222% increase in net debt which was offset by
BRProperties announces financial results for the first quarter of 2010, with an Adjusted EBITDA of R$35.5 million, up 53% from the first quarter of 2009. Recent acquisitions completed in 1Q10 and 2Q10 expanded the property portfolio to 57 commercial properties totaling 868,807 square meters of gross leasable area. Management expects the increase in nominal interest rates to have a mild positive effect on results due to the company's debt being indexed to inflation rates. On a pro-forma basis including recently acquired properties, Adjusted EBITDA was estimated at R$46.8 million.
This document provides an overview of OSX and its organizational structure and business highlights. It discusses OSX's strategic partnership with Hyundai, its shipbuilding facility in Açu, and its focus on training through the Institute of Naval Technology. The key points are:
1) OSX has a strong order book from OGX for offshore oil and gas equipment and aims to serve growing demand in Brazil through its local shipbuilding capabilities.
2) It has partnered with Hyundai, the world's largest shipbuilder, to transfer technology and accelerate its learning curve at the Açu shipyard.
3) The Açu shipyard aims to integrate local content requirements and produce offshore units
BRProperties reported strong financial and operating results for 3Q10 and 9M10, with gross revenues increasing 91% and adjusted EBITDA rising 101% over the prior year periods. The company completed 84% of its acquisition goals for 2010, expanding its portfolio to over 1 million square meters. BRProperties also raised $200 million through a perpetual bond offering to fund further acquisitions and reduce its cost of debt. While vacancy rates were elevated, leasing spreads on new and renewed leases were positive. Looking ahead, BRProperties is well positioned to continue its growth trajectory with a strong pipeline of potential acquisitions.
BRProperties reported strong financial results in 2010, with gross revenues increasing 78% compared to 2009, reaching R$223.4 million. Adjusted EBITDA was R$177.5 million, an increase of 89% over 2009. Net income increased 388% to R$813.4 million. The company invested over R$2 billion in acquisitions during 2010, exceeding its target. The portfolio was appraised at R$4.78 billion, a 22% increase in market value year-over-year.
BRProperties reported strong financial results in 2010, with gross revenues increasing 78% and adjusted EBITDA increasing 89% compared to 2009. The company invested over $1.7 billion in acquisitions after its IPO, exceeding its capital budget target. The portfolio was appraised at a 22% increase in market value to R$4.78 billion. Net income increased 388% to R$813.4 million while FFO excluding appraisal effects was R$92.2 million, a 45% FFO margin. Vacancy rates declined while leasing spreads on renewals and new leases were positive.
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.
Petrobras is a Brazilian energy company and the third largest energy company in the world. In the first half of 2011, Petrobras reported a net profit of $13.2 billion, up 53.8% from 2010. Petrobras has significant oil and gas reserves, including an estimated 8-10 billion barrels of oil equivalent in its major pre-salt discoveries off the coast of Brazil. The company is investing heavily to develop its pre-salt and other resources, with a $224.7 billion business plan through 2015 focused on growing production.
PetroMagdalena Energy Corp. presented its investor presentation for January 2012. The presentation focused on staying the course with their strategy by increasing production and reserves through exploration success at Cubiro in 2011 and increased development activity in 2012 in the Llanos Basin. Their goals are to improve operating cash flow by enhancing netbacks, reducing costs, and increasing efficiency across their diversified portfolio. They achieved an 86% increase in reserves at Cubiro in 2011 and expect production to increase from 2,800 boed in 2011 to a range of 4,300-4,700 boed in 2012, which would generate an estimated $82 million in operating cash flow for the year.
The document summarizes BR Properties' 4Q12 and full year 2012 financial highlights. Some key points:
- 4Q12 net revenues were R$200.7 million, up 122% year-over-year. Full year 2012 net revenues reached R$630.8 million.
- 4Q12 adjusted EBITDA was R$176.1 million, up 117% year-over-year, with a margin of 88%. Full year 2012 adjusted EBITDA was R$568.8 million with a margin of 90%.
- The portfolio was appraised at R$13.84 billion at the end of 4Q12, up 20% from 2011. The average capitalization
4 q12 br properties earnings release presentation - final (1)brproperties
- BR Properties reported strong financial results in 4Q12 and full year 2012, with net revenues increasing 122% and 84% respectively.
- Adjusted EBITDA grew 117% in 4Q12 and 82% for the full year, while net income was up 160% and 266% due to property appraisals.
- The company acquired one property and delivered certificates of occupancy for two others, while prepaying debt and raising additional capital.
This investor presentation by PetroMagdalena Energy Corp.:
1) Discusses the company's focus on organic cash flow opportunities through exploration success, reducing costs, and maximizing value from existing assets.
2) Provides details on the company's diversified portfolio of oil and gas assets in Colombia and achievements in 2011, including an 86% increase in reserves at the Cubiro block.
3) Outlines the company's 2012 work program which includes exploration and development drilling estimated to cost between $50-60 million, with the goal of doubling reserves in the Llanos Basin.
This document provides an investor presentation for PetroMagdalena Energy Corp. It discusses the company's focus on increasing production, reserves, and cash flow from its portfolio of oil and gas assets in Colombia. Some key points:
- The company aims to increase organic cash flow through exploitation and exploration opportunities across its assets. This includes increased development activity in 2012 at its Cubiro block in the Llanos Basin following exploration success there in 2011.
- At Cubiro, the company increased 2P reserves by 86% to 10.8 million barrels of oil equivalent based on a technical report. 1P reserves increased 73% to 3 million barrels.
- The company is also working to maximize value from its
This document provides an overview of OSX and its organizational structure and strategic partnerships. OSX is a holding company focused on providing integrated offshore oil and gas equipment and services. It has strategic partnerships with OGX, a large oil and gas exploration company in Brazil, and Hyundai, the world's largest shipbuilder. OSX has an order backlog of $30 billion from OGX and plans to build an advanced shipyard in Brazil with technology and expertise transferred from Hyundai. The document also outlines local content requirements in Brazil and OSX's initiatives to develop local workforce skills through an Institute of Naval Technology.
The document provides financial and operating highlights for BRProperties for the 2nd quarter of 2010. Some key points:
- Gross revenues increased 39% year-over-year to R$49.2 million in 2Q10. Estimated pro-forma gross revenues were R$58.6 million in 2Q10.
- Adjusted EBITDA was R$38.2 million in 2Q10, a 43% increase over 2Q09. Estimated pro-forma adjusted EBITDA was R$46.5 million in 2Q10.
- Net income totaled R$19.3 million in 2Q10, an 83% increase over 2Q09.
- The
- PetroMagdalena Energy is building on past success by focusing on organic cash flow opportunities in its portfolio in Colombia through activities like enhancing netbacks, reducing costs, and increasing efficiency.
- The company plans to increase development activity in 2012 in the Llanos Basin following exploration success there.
- The 2012 work program is estimated between $70-80 million, with 65% directed towards light oil exploration and development in key areas like Cubiro and Arrendajo. This includes 10 development wells and 3 exploration wells for the rest of the year.
El Paso Corporation provides an overview of its business, which includes owning North America's largest natural gas pipeline system and being one of North America's largest independent natural gas producers. The document discusses the company's two business segments - Pipelines and Exploration & Production. For the Pipelines segment, it provides details on the company-owned and partner pipeline systems including miles of pipeline. For Exploration & Production, it outlines the company's acreage positions and proved natural gas reserves. It also discusses trends in the U.S. natural gas market and the infrastructure investment needed to meet growing demand.
El Paso Corporation provides an overview of its business, which includes owning North America's largest natural gas pipeline system and being one of North America's largest independent natural gas producers. The document discusses the company's two business segments - Pipelines and Exploration & Production. It provides key details on the pipeline and production assets, including miles of pipeline, gas transmission volumes, proven gas reserves, and acreage. It also discusses trends in the US natural gas market and the infrastructure investment needed to meet growing demand.
BRProperties reported strong financial and operating results for 2Q10. It acquired over 872 million reais in properties, exceeding its acquisition target for the year. Its portfolio grew to 993,143 square meters, a 36% increase year-over-year. Revenues increased 39% to 110.7 million reais in 2Q10, while adjusted EBITDA rose 43% to 35.5 million reais. Net income grew 83% to 19.3 million reais. The company also maintained a low financial vacancy rate of 10.4% and a comfortable debt maturity schedule.
BRProperties reported strong financial and operating results for 2Q10. It acquired over 872 million reais in properties, exceeding its acquisition target for the year and increasing its portfolio by 36% to 993,143 square meters. Revenues increased 39% to 110.7 million reais while adjusted EBITDA rose 43% to 35.5 million reais. The company also saw an 83% rise in net income to 19.3 million reais and managed properties increased from 24 to 28 over the period.
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) BRProperties reported a 30% increase in 1Q12 net revenues to R$101.2 million compared to 1Q11. Adjusted EBITDA increased 34% to R$91.8 million with margins of 91%.
2) The portfolio market value increased 123% to R$11.7 billion in 1Q12 compared to 1Q11. Occupancy rates remained high at 98.4% for offices, 99.2% for industrial properties, and 100% for retail properties.
3) Debt increased 118% to R$4.7 billion in 1Q12 compared to 1Q11 while cash increased 7% resulting in a 222% increase in net debt which was offset by
BRProperties announces financial results for the first quarter of 2010, with an Adjusted EBITDA of R$35.5 million, up 53% from the first quarter of 2009. Recent acquisitions completed in 1Q10 and 2Q10 expanded the property portfolio to 57 commercial properties totaling 868,807 square meters of gross leasable area. Management expects the increase in nominal interest rates to have a mild positive effect on results due to the company's debt being indexed to inflation rates. On a pro-forma basis including recently acquired properties, Adjusted EBITDA was estimated at R$46.8 million.
This document provides an overview of OSX and its organizational structure and business highlights. It discusses OSX's strategic partnership with Hyundai, its shipbuilding facility in Açu, and its focus on training through the Institute of Naval Technology. The key points are:
1) OSX has a strong order book from OGX for offshore oil and gas equipment and aims to serve growing demand in Brazil through its local shipbuilding capabilities.
2) It has partnered with Hyundai, the world's largest shipbuilder, to transfer technology and accelerate its learning curve at the Açu shipyard.
3) The Açu shipyard aims to integrate local content requirements and produce offshore units
BRProperties reported strong financial and operating results for 3Q10 and 9M10, with gross revenues increasing 91% and adjusted EBITDA rising 101% over the prior year periods. The company completed 84% of its acquisition goals for 2010, expanding its portfolio to over 1 million square meters. BRProperties also raised $200 million through a perpetual bond offering to fund further acquisitions and reduce its cost of debt. While vacancy rates were elevated, leasing spreads on new and renewed leases were positive. Looking ahead, BRProperties is well positioned to continue its growth trajectory with a strong pipeline of potential acquisitions.
BRProperties reported strong financial results in 2010, with gross revenues increasing 78% compared to 2009, reaching R$223.4 million. Adjusted EBITDA was R$177.5 million, an increase of 89% over 2009. Net income increased 388% to R$813.4 million. The company invested over R$2 billion in acquisitions during 2010, exceeding its target. The portfolio was appraised at R$4.78 billion, a 22% increase in market value year-over-year.
BRProperties reported strong financial results in 2010, with gross revenues increasing 78% and adjusted EBITDA increasing 89% compared to 2009. The company invested over $1.7 billion in acquisitions after its IPO, exceeding its capital budget target. The portfolio was appraised at a 22% increase in market value to R$4.78 billion. Net income increased 388% to R$813.4 million while FFO excluding appraisal effects was R$92.2 million, a 45% FFO margin. Vacancy rates declined while leasing spreads on renewals and new leases were positive.
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.
Petrobras is a Brazilian energy company and the third largest energy company in the world. In the first half of 2011, Petrobras reported a net profit of $13.2 billion, up 53.8% from 2010. Petrobras has significant oil and gas reserves, including an estimated 8-10 billion barrels of oil equivalent in its major pre-salt discoveries off the coast of Brazil. The company is investing heavily to develop its pre-salt and other resources, with a $224.7 billion business plan through 2015 focused on growing production.
PetroMagdalena Energy Corp. presented its investor presentation for January 2012. The presentation focused on staying the course with their strategy by increasing production and reserves through exploration success at Cubiro in 2011 and increased development activity in 2012 in the Llanos Basin. Their goals are to improve operating cash flow by enhancing netbacks, reducing costs, and increasing efficiency across their diversified portfolio. They achieved an 86% increase in reserves at Cubiro in 2011 and expect production to increase from 2,800 boed in 2011 to a range of 4,300-4,700 boed in 2012, which would generate an estimated $82 million in operating cash flow for the year.
The document summarizes BR Properties' 4Q12 and full year 2012 financial highlights. Some key points:
- 4Q12 net revenues were R$200.7 million, up 122% year-over-year. Full year 2012 net revenues reached R$630.8 million.
- 4Q12 adjusted EBITDA was R$176.1 million, up 117% year-over-year, with a margin of 88%. Full year 2012 adjusted EBITDA was R$568.8 million with a margin of 90%.
- The portfolio was appraised at R$13.84 billion at the end of 4Q12, up 20% from 2011. The average capitalization
4 q12 br properties earnings release presentation - final (1)brproperties
- BR Properties reported strong financial results in 4Q12 and full year 2012, with net revenues increasing 122% and 84% respectively.
- Adjusted EBITDA grew 117% in 4Q12 and 82% for the full year, while net income was up 160% and 266% due to property appraisals.
- The company acquired one property and delivered certificates of occupancy for two others, while prepaying debt and raising additional capital.
This investor presentation by PetroMagdalena Energy Corp.:
1) Discusses the company's focus on organic cash flow opportunities through exploration success, reducing costs, and maximizing value from existing assets.
2) Provides details on the company's diversified portfolio of oil and gas assets in Colombia and achievements in 2011, including an 86% increase in reserves at the Cubiro block.
3) Outlines the company's 2012 work program which includes exploration and development drilling estimated to cost between $50-60 million, with the goal of doubling reserves in the Llanos Basin.
This document provides an investor presentation for PetroMagdalena Energy Corp. It discusses the company's focus on increasing production, reserves, and cash flow from its portfolio of oil and gas assets in Colombia. Some key points:
- The company aims to increase organic cash flow through exploitation and exploration opportunities across its assets. This includes increased development activity in 2012 at its Cubiro block in the Llanos Basin following exploration success there in 2011.
- At Cubiro, the company increased 2P reserves by 86% to 10.8 million barrels of oil equivalent based on a technical report. 1P reserves increased 73% to 3 million barrels.
- The company is also working to maximize value from its
This document provides an overview of OSX and its organizational structure and strategic partnerships. OSX is a holding company focused on providing integrated offshore oil and gas equipment and services. It has strategic partnerships with OGX, a large oil and gas exploration company in Brazil, and Hyundai, the world's largest shipbuilder. OSX has an order backlog of $30 billion from OGX and plans to build an advanced shipyard in Brazil with technology and expertise transferred from Hyundai. The document also outlines local content requirements in Brazil and OSX's initiatives to develop local workforce skills through an Institute of Naval Technology.
The document provides financial and operating highlights for BRProperties for the 2nd quarter of 2010. Some key points:
- Gross revenues increased 39% year-over-year to R$49.2 million in 2Q10. Estimated pro-forma gross revenues were R$58.6 million in 2Q10.
- Adjusted EBITDA was R$38.2 million in 2Q10, a 43% increase over 2Q09. Estimated pro-forma adjusted EBITDA was R$46.5 million in 2Q10.
- Net income totaled R$19.3 million in 2Q10, an 83% increase over 2Q09.
- The
- PetroMagdalena Energy is building on past success by focusing on organic cash flow opportunities in its portfolio in Colombia through activities like enhancing netbacks, reducing costs, and increasing efficiency.
- The company plans to increase development activity in 2012 in the Llanos Basin following exploration success there.
- The 2012 work program is estimated between $70-80 million, with 65% directed towards light oil exploration and development in key areas like Cubiro and Arrendajo. This includes 10 development wells and 3 exploration wells for the rest of the year.
El Paso Corporation provides an overview of its business, which includes owning North America's largest natural gas pipeline system and being one of North America's largest independent natural gas producers. The document discusses the company's two business segments - Pipelines and Exploration & Production. For the Pipelines segment, it provides details on the company-owned and partner pipeline systems including miles of pipeline. For Exploration & Production, it outlines the company's acreage positions and proved natural gas reserves. It also discusses trends in the U.S. natural gas market and the infrastructure investment needed to meet growing demand.
El Paso Corporation provides an overview of its business, which includes owning North America's largest natural gas pipeline system and being one of North America's largest independent natural gas producers. The document discusses the company's two business segments - Pipelines and Exploration & Production. It provides key details on the pipeline and production assets, including miles of pipeline, gas transmission volumes, proven gas reserves, and acreage. It also discusses trends in the US natural gas market and the infrastructure investment needed to meet growing demand.
BRProperties reported strong financial and operating results for 2Q10. It acquired over 872 million reais in properties, exceeding its acquisition target for the year. Its portfolio grew to 993,143 square meters, a 36% increase year-over-year. Revenues increased 39% to 110.7 million reais in 2Q10, while adjusted EBITDA rose 43% to 35.5 million reais. Net income grew 83% to 19.3 million reais. The company also maintained a low financial vacancy rate of 10.4% and a comfortable debt maturity schedule.
BRProperties reported strong financial and operating results for 2Q10. It acquired over 872 million reais in properties, exceeding its acquisition target for the year and increasing its portfolio by 36% to 993,143 square meters. Revenues increased 39% to 110.7 million reais while adjusted EBITDA rose 43% to 35.5 million reais. The company also saw an 83% rise in net income to 19.3 million reais and managed properties increased from 24 to 28 over the period.
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$90,9 milhões. O EBITDA ajustado aumentou 136% e a dívida líquida permaneceu estável. A vacância financeira subiu para 8,9% devido à entrega de novos empreendimentos.
2. Highlights
Gross Revenues increased by 52% compared to 1Q09
Adjusted EBITDA, excluding stock option plan expenses and bonus provision, of R$ 35.5 million at
Financial the end of 1Q10, an increase of 53% compared to 1Q09
Highlights
Pro-forma EBITDA of R$46.8 million in 1Q10, with an EBITDA Margin of 88%
Net Profit of R$11.8 million, an increase of 68% over 1Q09
Finalized the acquisition of seven remaining properties from 2009: DP Araucária, five warehouses
at Brazilian Business Park, and Nações Unidas Tower, for the amount of R$ 322 million
Operational The number of properties managed by the Company increased from 23 in 1Q09 to 27 in 1Q10
Highlights
Our revenues from services rendered grew by 98% in 1Q10 compared to 1Q09
Real growth of 5.4% in value of new leases/renegotiations in the 1° Quarter of 2010
In April, we acquired the office building “Ed. Jacarandá”, with approximately 32,000 sqm of GLA for
R$180.0 million. The building was recently developed, and is already leased to Philips and
Redecard.
Recent Also in April, we acquired another 4 industrial warehouses in Louveira/SP for R$181.0 million.
Events These warehouses reinforce the Company’s presence in the region, where we own over 250,000
sqm of GLA.
At the moment, we have already acquired 25% of the acquisitions outlined in the capital budget
BRProperties -2- 1Q10
3. Recent Acquisitions
DP Araucária On January 22nd, 2010, we acquired “DP Araucária”, a distribution park
located in the city of Araucária/PR, for the amount of R$69.9 million
Property Overview:
GLA: 42,697 sq m
% Acquired: 100%
# Warehouses: 1
100% leased
On February 26th, 2010, we concluded the Brazilian Business Park
acquisition of “Brazilian Business Park” for R$101.2
million
Property Overview:
GLA: 59,182 sq m
% Acquired: 100%
# Warehouses: 5
100% leased
TNU On March 16th, 2010, we acquired the office building “Torre Nações
Unidas”, located in the Marginal do Rio Pinheiros region for R$151.2
million
Property Overview:
GLA: 25,555 sq m
% Acquired: 100%
# Floors: 18
Under retrofit, currently 50% leased
BRProperties -3- 1Q10
4. Recent Acquisitions
CBOP – Ed. Jacarandá
On April 12th, 2010, we acquired for the amount of the
R$180.0 million, the office building “Edifício Jacarandá”,
located in the Castelo Branco Office Park.
Property Overview:
GLA: 31,954 sq m
% Acquired: 100%
# Floors: 14
Recently developed – 50% leased to Philips and Redecard
On April 20th, 2010, we concluded the DP Louveira 3, 4, 5 & 6
acquisition of 4 logistics warehouses
located in the “DP Araucária” complex,
where BR Properties already owns 2
other warehouses. The acquisition value
was of R$181.0 million.
Property Overview:
GLA: 106,306 sq m
% Acquired: 100%
# Warehouses: 4
100% leased
BRProperties -4- 1Q10
5. Portfolio
Portfolio Breakdown (% market value) Portfolio Breakdown (% GLA)
4%
25%
51%
46%
75%
Office Industrial Development Office Industrial
Portfolio Growth (GLA sq m)
868.807
106.306
31.954
25.555 730.558
59.182
(235)
646.055
Portfolio at Acquisition of Sale of Acquisition of 1T10 Acquisition of Acquisition of Current
IPO BBP Isabela (cj. TNU Ed. Jacarandá DP Louveira Portfolio
41) 3-6
BRProperties -5- 1Q10
6. Case Study
Sale Value Addition
Ed. Generali Henrique Schaumann
Acquisition Value R$ 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
BRProperties -6- 1Q10
7. Operational Highlights
Financial Vacancy of 8,3% in 1Q10; Excluding the TNU building, acquired in march, our
financial vacancy was 4.1%
Vacancy Breakdown
8,3%
7,3%
6,9%
6,0%
4,7%
4,1% Physical
Financial
2009 1Q10 1Q10 Ex - TNU
Despite the recent increase in the vacancy rate, the prospect of leasing the vacant areas
is very positive given the forecast economic growth
We expect our vacancy rate to return to its historic low levels in the short term
BRProperties -7- 1Q10
8. Operational Highlights
Lease Contract Readjustment Indices
1Q09 1Q10 In the quarter, we renegotiated
3% existing leases and signed new
5%
leases in vacant areas with an
15%
28% IGP-M average real gain of 5.4%
IPCA
Outros
69%
81%
Lease Contract Expiration Schedule Lease Contract 3 Year Renegotiation Schedule
(# of contracts) (# of contracts)
1%
8% 13%
10%
16% 25%
34%
40%
32%
21%
2010 2011 2012 2013 >2013 2010 2011 2012 2013 >2013
BRProperties -8- 1Q10
9. Operational Highlights
Addition of three new properties under our management, which is performed by our
subsidiary, BRPR A Administradora de Ativos Imobiliários Ltda.
Managed Properties BRPR A Revenues
849
27
428
23
1Q09 1Q10 1Q09 1Q10
BRProperties -9- 1Q10
10. Financial Highlights
Net Revenues Adjusted EBITDA
85% 85% 88%
27%
52% 32%
53% 46.753
52.874
41.600
35.479
27.281
23.210
1Q09 1Q10 1Q10 Pro Forma 1Q09 1Q10 1Q10 Pro Forma
Adjusted EBITDA Margin
Net Income FFO
28%
26%
68% 49%
11.759
16.637
7.016
11.137
1Q09 1Q10 1Q09 1Q10
Net Margin
BRProperties - 10 - 1Q10
11. Pro-Forma Estimates
Methodology Adjusted EBITDA
(non audited)
55.000 90%
Considers that the Company’s current revenues 88% 89%
were incurred from January 1st 2010, until March 50.000 88%
31st 2010 87%
45.000
85% 86%
Results 40.000 85%
84%
35.000 46.753
Our pro forma gross revenues totaled R$58.6 83%
million, 27% above 1Q10 30.000 35.479 82%
81%
Our adjusted EBITDA pro-forma margin was 25.000
88%, 80%
3% above the 85% margin attained in the period 1Q10 Actual 1Q10 Pro-forma
Adjusted EBITDA Margin
Additional Pro-forma Gross Revenues
(non audited)
5.096 58.621
2.592
2.923 1.312
46.198 500
27%
1Q10 DP BBP TNU CBOP Louveira 1Q10 Pro-
Actual Araucária forma
BRProperties - 11 - 1Q10
12. Financial Highlights
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 or 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. Inflation)
14,0% 9,0%
12,0% 8,0% 7,95%
12,00% Basket of lease contract
7,0% inflation readjustment
10,0% 8,75% 6,0% indices
8,0% TR
Forecast SELIC 5,0%
6,0% TR 4,0%
3,0%
4,0%
2,0%
2,0% 0,82% 0,82% 0,97%
0,97% 1,0%
0,0% 0,0% 0,00%
2009 2010e 2009 2010e
BRProperties - 12 - 1Q10
13. Debt
Comfortable amortization schedule in the next few years, with low refinancing risk
Balance Sheet 1Q10 Debt Breakdown
Cash 698 Short Term Debt 92 4,8%
5,1%
Obligations for Acquisitions 58
Long Term Debt 637
Total Debt 788 TR
IGPM
CDI
Shareholders Equity 1.664
Net Debt 90
90,1%
Debt Amortization Schedule
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
BRProperties - 13 - 1Q10
14. Glossary
EBITDA (Earnings Before Income, Tax, Depreciation and Amortization): a non accounting measure which
measures the Company’s capacity to generate operational revenues, without considering its capital structure.
Measured by excluding the operational expenses from Gross Profit and adding back the depreciation and
amortization expenses for the period
(Gross Profit – General and Administrative Expenses + Depreciation + Amortization)
Adjusted EBITDA: adjustments made to EBITDA by excluding R$ 0.2 million from expenses regarding the
Company stock option plan, along with R$ 1.2 million in employee bonus provisions
FFO (Funds From Operations): non accounting measure, which adds back depreciation to net income in order
to determine, utilizing the income statement, the net cash generated in the period
(Net Income + Depreciation)
Vacancy - Financial: estimated by multiplying the average rent per sqm which could be charged in the buildings
and their respective vacant areas, and then dividing this result by the potential gross revenues of each
property. Indicates the percentage of potential revenue which is lost each month due to vacancy
Vacancy - Physical: estimated by dividing the total vacant area by the total GLA of the portfolio
BRProperties - 14 - 1Q10