Sonae Sierra Brasil owns and manages 10 shopping centers totaling 450,000 square meters of GLA in Brazil. The company has a majority ownership in most of its properties and manages two additional third-party malls. Sonae Sierra Brasil will pursue growth through expanding its existing properties, pursuing greenfield development opportunities in underserved markets, and potential acquisitions. The company's growth strategy is focused on capturing increasing consumption from Brazil's expanding middle class.
- Sonae Sierra Brasil owns and manages 10 shopping centers in Brazil totaling 450,000 square meters of gross leasable area.
- The company has a controlling stake in most malls, averaging 78.6% ownership across the portfolio.
- In the fourth quarter of 2013, the shopping centers achieved tenant sales of R$1.3 billion, up 15.1% year-over-year, with an occupancy rate of 97.2%.
A opinião pública é formada por cada indivíduo com base em sua vida, educação e experiência, mas também é influenciada pelas opiniões de outras pessoas e pelos meios de comunicação de massa. As pesquisas de opinião tentam medir a opinião pública para orientar decisões, enquanto a mídia, especialmente a televisão e o rádio, moldam a opinião do público sobre assuntos locais e globais.
This document provides the balance sheet and income statement for Sonae Sierra Brasil S.A. and its subsidiaries for the second quarter of 2012. It shows that as of June 30, 2012, the company had total assets of R$3.9 billion and total liabilities and equity of R$3.9 billion. For the six months ended June 30, 2012, the company had a net income of R$204.7 million, with R$106.1 million attributable to owners of the company and R$76.6 million to non-controlling interests.
Este documento fornece um resumo da Sonae Sierra Brasil, uma das principais incorporadoras e operadoras de shopping centers no Brasil. A empresa detém 10 shopping centers próprios totalizando 450 mil m2 de ABL e administra 2 shoppings de terceiros. A Sonae Sierra Brasil tem uma participação média de 78,6% em seus shoppings próprios e controla totalmente a administração de 100% deles.
Sonae Sierra Brasil announces earnings for 2Q12, with net revenue up 22.7% to R$65.3 million and EBITDA up 22.3% to R$49.8 million. Same-store rent grew 13.1% and same-store sales grew 9.2%. The company has 11 shopping malls in operation with over 400,000 square meters of GLA and two new projects under development. Management remains optimistic about the Brazilian mall sector and Sonae Sierra Brasil's position within it.
This presentation provides background information about Sonae Sierra Brasil S.A. and its subsidiaries as of a particular date. It summarizes the company's fundamentals, including that it is one of the leading developers, owners, and operators of shopping centers in Brazil, with over 322,000 square meters of total space. It also notes the company benefits from experienced controlling shareholders Sonae Sierra SGPS and DDR Corp. The presentation outlines the company's portfolio, growth strategy, operational and financial indicators, and recent events. However, the presentation does not constitute an offer of securities and is strictly confidential information.
1. O documento apresenta os indicadores operacionais e financeiros da Sonae Sierra Brasil, empresa de shopping centers, para o ano de 2014.
2. A empresa possui 10 shopping centers em operação com mais de 450 mil m2 de área locável total e crescimento consistente das vendas e receita nos últimos anos.
3. Os novos shopping centers representam uma parte significativa da área locável da empresa, mas ainda uma fatia menor da receita, com potencial de geração futura de valor.
Este documento fornece um resumo da reunião pública da Sonae Sierra Brasil com analistas e investidores em 27 de novembro de 2013. Apresenta informações sobre o setor de shopping centers no Brasil, a Sonae Sierra Brasil, seus destaques financeiros e operacionais. Contém avisos legais sobre o caráter confidencial e prospectivo das informações fornecidas.
- Sonae Sierra Brasil owns and manages 10 shopping centers in Brazil totaling 450,000 square meters of gross leasable area.
- The company has a controlling stake in most malls, averaging 78.6% ownership across the portfolio.
- In the fourth quarter of 2013, the shopping centers achieved tenant sales of R$1.3 billion, up 15.1% year-over-year, with an occupancy rate of 97.2%.
A opinião pública é formada por cada indivíduo com base em sua vida, educação e experiência, mas também é influenciada pelas opiniões de outras pessoas e pelos meios de comunicação de massa. As pesquisas de opinião tentam medir a opinião pública para orientar decisões, enquanto a mídia, especialmente a televisão e o rádio, moldam a opinião do público sobre assuntos locais e globais.
This document provides the balance sheet and income statement for Sonae Sierra Brasil S.A. and its subsidiaries for the second quarter of 2012. It shows that as of June 30, 2012, the company had total assets of R$3.9 billion and total liabilities and equity of R$3.9 billion. For the six months ended June 30, 2012, the company had a net income of R$204.7 million, with R$106.1 million attributable to owners of the company and R$76.6 million to non-controlling interests.
Este documento fornece um resumo da Sonae Sierra Brasil, uma das principais incorporadoras e operadoras de shopping centers no Brasil. A empresa detém 10 shopping centers próprios totalizando 450 mil m2 de ABL e administra 2 shoppings de terceiros. A Sonae Sierra Brasil tem uma participação média de 78,6% em seus shoppings próprios e controla totalmente a administração de 100% deles.
Sonae Sierra Brasil announces earnings for 2Q12, with net revenue up 22.7% to R$65.3 million and EBITDA up 22.3% to R$49.8 million. Same-store rent grew 13.1% and same-store sales grew 9.2%. The company has 11 shopping malls in operation with over 400,000 square meters of GLA and two new projects under development. Management remains optimistic about the Brazilian mall sector and Sonae Sierra Brasil's position within it.
This presentation provides background information about Sonae Sierra Brasil S.A. and its subsidiaries as of a particular date. It summarizes the company's fundamentals, including that it is one of the leading developers, owners, and operators of shopping centers in Brazil, with over 322,000 square meters of total space. It also notes the company benefits from experienced controlling shareholders Sonae Sierra SGPS and DDR Corp. The presentation outlines the company's portfolio, growth strategy, operational and financial indicators, and recent events. However, the presentation does not constitute an offer of securities and is strictly confidential information.
1. O documento apresenta os indicadores operacionais e financeiros da Sonae Sierra Brasil, empresa de shopping centers, para o ano de 2014.
2. A empresa possui 10 shopping centers em operação com mais de 450 mil m2 de área locável total e crescimento consistente das vendas e receita nos últimos anos.
3. Os novos shopping centers representam uma parte significativa da área locável da empresa, mas ainda uma fatia menor da receita, com potencial de geração futura de valor.
Este documento fornece um resumo da reunião pública da Sonae Sierra Brasil com analistas e investidores em 27 de novembro de 2013. Apresenta informações sobre o setor de shopping centers no Brasil, a Sonae Sierra Brasil, seus destaques financeiros e operacionais. Contém avisos legais sobre o caráter confidencial e prospectivo das informações fornecidas.
This document contains a disclaimer stating that any forward-looking statements are subject to risks and uncertainties, and provides an overview of General Shopping Brasil. It discusses the company's diversified growth strategy including acquisitions, greenfields, expansions, and innovations. Examples provided include the Outlet Premium malls and cases on Unimart Shopping Campinas and Parque Shopping Prudente.
This document contains forward-looking statements regarding General Shopping Brasil and its subsidiaries that are subject to risks and uncertainties. It provides an overview of the Brazilian shopping mall sector, General Shopping Brasil's portfolio and growth strategy, and its financial performance in 3Q09. The key points are:
- The Brazilian shopping mall sector is fragmented and has significant room for growth compared to other countries.
- General Shopping Brasil has pursued a diversified growth strategy including acquisitions, greenfields, and expansions, growing its GLA over 322% since 2006.
- In 3Q09, the company saw increases in gross revenue, rent revenue per square meter, and services revenue per square meter compared to
General Shopping Brasil is a leading Brazilian shopping center company that owns and operates 12 shopping centers with a total GLA of 171,576 square meters. The company focuses on serving middle and lower class consumers. It has a diversified growth strategy that includes acquiring existing shopping centers, developing new greenfield projects, and expanding its existing portfolio. General Shopping Brasil aims to consolidate its position as the dominant shopping center player in Sao Paulo, which represents over 30% of Brazil's GDP and retail market.
This presentation summarizes General Shopping Brasil's analyst and investor meeting that took place on December 17, 2007. It highlights the company's growth in gross revenues and adjusted EBITDA through both greenfield projects and acquisitions. General Shopping Brasil owns and operates 11 shopping centers in Brazil with plans for expansion. The presentation also provides an overview of the positive outlook for Brazil's shopping center sector and General Shopping Brasil's competitive advantages, including its experienced management team.
This document provides an overview and disclaimer for a presentation on General Shopping Brasil. It notes that the presentation contains forward-looking statements subject to many risks and uncertainties. Any opinions expressed in the material are as of the date and General Shopping is not obligated to update the information. Recipients should consult their own advisers and make independent investment decisions. The agenda then outlines sections on the sector overview, company overview, and financial performance.
This document is a presentation for the Bank of America-Merrill Lynch 2010 Pan LatAm Conference. It provides an overview of General Shopping Brasil, a leading shopping mall developer and operator in Brazil. Key points include:
- General Shopping has a portfolio of 13 shopping centers totaling over 225,000 square meters of GLA, with a focus on the high-growth Southeast and South regions.
- The company pursues a diversified growth strategy of greenfield developments, acquisitions, and expansions. It also provides complementary services like parking, energy, and water management.
- Financial performance has been strong, with gross revenues increasing 26.4% in 3Q09 and 19.3%
General Shopping Brasil is a Brazilian shopping center company that owns and operates 7 shopping centers with over 140,000 square meters of GLA. The company has a growth strategy of acquiring additional shopping centers, expanding existing malls, and developing new projects. Some key ongoing projects include expansions of the Suzano and Internacional Shopping centers, as well as developing the new Sulacap Shopping regional mall. The company focuses on serving Brazil's B and C social classes and has close relationships with store owners to understand retail trends.
General Shopping Brasil reported its 4Q11 earnings results. The presentation provided an overview of the company including its portfolio of shopping centers, strategy of pursuing acquisitions, greenfield developments and expansions, and increasing complementary services. It also reviewed the company's financial performance with gross revenue increasing 11.3% in 4Q11 compared to the same period in 2010.
This document contains a disclaimer stating that any forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. It also states that the information provided should not be construed as solicitation, investment advice, or a recommendation to buy or sell securities.
The document then provides an agenda covering a sector overview, company overview, financial performance, and earnings for 2009. It discusses the shopping center sector in Brazil, providing statistics on sector penetration, types of shopping malls, and the largest operators. It then gives an overview of the company, its growth strategy including acquisitions and greenfield projects, portfolio details, and geographic focus in southeastern and southern Brazil. Finally, it reviews the company's
The document provides an overview of Arezzo&Co, a leading footwear and accessories company in Brazil. It discusses the company's platform of top brands, nationwide distribution strategy through multiple channels including owned stores, franchises and multi-brands. Arezzo&Co has a unique business model focused on innovation, producing many collections each year. It also has a strong marketing program and creates differentiated store atmospheres for each brand. The company utilizes an efficient and flexible production process through outsourcing to ensure growth.
Arezzo&Co is a leading footwear and accessories company in Brazil with a platform of top brands. It has a unique business model combining growth and high cash generation. The company has a flexible production process and leverages multiple distribution channels, including owned stores, franchises, and multi-brand stores, to maximize profitability. Arezzo&Co's ability to innovate through frequent new collections, broad marketing programs, and use of information technology helps drive its strong financial and operational performance.
The document provides an overview of Arezzo&Co, a leading footwear and accessories company in Brazil. It discusses the company's platform of top brands, nationwide distribution strategy through multiple channels including owned stores, franchises and multi-brands. Arezzo&Co has a unique business model focused on innovation, producing many collections each year. It also has a strong marketing program and creates differentiated store atmospheres for each brand. The company utilizes an efficient and flexible production process through outsourcing to ensure growth.
This presentation summarizes Cia. Hering's 3Q08 performance and outlines its business strategy and outlook. Key highlights include 53.8% domestic market revenue growth and 66.4% growth in Hering brand sales. The presentation reviews the company's operating results, stock market performance, and store expansion plans. Cia. Hering aims to continue growing through increasing its Hering store count to 229 locations and marketing campaigns to promote the Hering brand and store card.
This presentation by Cia. Hering provides an overview of the company's 3Q08 performance and business outlook. Key highlights include 53.8% domestic market revenue growth and 66.4% growth in Hering brand sales. The presentation outlines the company's continued expansion plans, including increasing the Hering store network to 229 stores by the end of 2008. Cia. Hering reviews its financial results and stock market performance, concluding with a reiteration of its strategies to promote growth.
This presentation provides an earnings results summary for the second quarter of 2014 (2Q14). It includes information on the company's sector performance, financial results, and growth strategy. The sector overview section analyzes economic indicators and retail industry trends. The financial performance section breaks down the company's revenues by source for 2Q14 and the first half of 2014. It also discusses the company's stock performance and shareholder base. The presentation outlines the company's diversified growth strategy, which includes acquisitions, greenfield developments, and expansions.
This document contains a summary of General Shopping Brasil's 2Q11 earnings results and provides an overview of the company. It discusses the company's differentiated approach in targeting B and C consumption classes. Financial metrics for 2Q11 show increases in rental and services revenue per square meter as well as occupancy rates compared to 2Q10. General Shopping Brasil continues its strategy of growth through greenfield developments, expansions, and acquisitions.
General Shopping Brasil is one of the largest shopping center companies in Brazil with 171,576 square meters of owned GLA across 12 operating shopping centers and 5 greenfield projects. In 1Q08, the company saw gross revenue increase 61.1% and adjusted EBITDA rise 58.5% compared to 1Q07. The company focuses on serving consumer classes B and C, which represent approximately 66% of total consumption in Brazil.
General Shopping Brasil reported strong financial results for 4Q10 and full year 2010. Gross revenue increased 15% for the full year, driven by 9.5% growth in rent per square meter and 11.5% growth in services revenue per square meter. The company also increased its owned GLA by 64.8% over 2010 through acquisitions and expansions. Occupancy rates remained high at over 95% for the year. Key performance indicators such as NOI margin, EBITDA margin, and funds from operations all increased compared to prior year. The company has a diversified debt profile with almost half of its debt indexed to inflation.
General Shopping provides concise 3 sentence summaries of documents:
The document contains forward-looking statements and disclaimers about risks and uncertainties. It provides highlights about General Shopping being one of Brazil's largest shopping center companies, with majority ownership of 12 shopping centers and 5 greenfield projects. Financial highlights from 1Q08 show gross revenue increased 61.1% and adjusted EBITDA increased 58.5% year-over-year.
Arezzo&Co is a leading footwear and accessories company in Brazil with a platform of top brands. It has a unique business model combining growth, high cash generation, and operational efficiency. The company innovates through 7-9 new collections per year and has a strong marketing program. Its multiple distribution channels including owned stores, franchises, and multi-brand retailers allow it to reach customers nationwide.
Este documento fornece informações gerais sobre a Sonae Sierra Brasil S.A. e suas subsidiárias. Apresenta avisos legais sobre a natureza resumida e não completa das informações fornecidas, e sobre declarações prospectivas. Também contém um índice dos tópicos a serem discutidos.
Este documento fornece informações gerais sobre a Sonae Sierra Brasil S.A. e suas subsidiárias. Ele contém avisos legais sobre a natureza confidencial e preliminar das informações fornecidas, e alerta que declarações sobre perspectivas futuras estão sujeitas a riscos e incertezas. O documento não deve ser usado como base para decisões de investimento.
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This document contains a disclaimer stating that any forward-looking statements are subject to risks and uncertainties, and provides an overview of General Shopping Brasil. It discusses the company's diversified growth strategy including acquisitions, greenfields, expansions, and innovations. Examples provided include the Outlet Premium malls and cases on Unimart Shopping Campinas and Parque Shopping Prudente.
This document contains forward-looking statements regarding General Shopping Brasil and its subsidiaries that are subject to risks and uncertainties. It provides an overview of the Brazilian shopping mall sector, General Shopping Brasil's portfolio and growth strategy, and its financial performance in 3Q09. The key points are:
- The Brazilian shopping mall sector is fragmented and has significant room for growth compared to other countries.
- General Shopping Brasil has pursued a diversified growth strategy including acquisitions, greenfields, and expansions, growing its GLA over 322% since 2006.
- In 3Q09, the company saw increases in gross revenue, rent revenue per square meter, and services revenue per square meter compared to
General Shopping Brasil is a leading Brazilian shopping center company that owns and operates 12 shopping centers with a total GLA of 171,576 square meters. The company focuses on serving middle and lower class consumers. It has a diversified growth strategy that includes acquiring existing shopping centers, developing new greenfield projects, and expanding its existing portfolio. General Shopping Brasil aims to consolidate its position as the dominant shopping center player in Sao Paulo, which represents over 30% of Brazil's GDP and retail market.
This presentation summarizes General Shopping Brasil's analyst and investor meeting that took place on December 17, 2007. It highlights the company's growth in gross revenues and adjusted EBITDA through both greenfield projects and acquisitions. General Shopping Brasil owns and operates 11 shopping centers in Brazil with plans for expansion. The presentation also provides an overview of the positive outlook for Brazil's shopping center sector and General Shopping Brasil's competitive advantages, including its experienced management team.
This document provides an overview and disclaimer for a presentation on General Shopping Brasil. It notes that the presentation contains forward-looking statements subject to many risks and uncertainties. Any opinions expressed in the material are as of the date and General Shopping is not obligated to update the information. Recipients should consult their own advisers and make independent investment decisions. The agenda then outlines sections on the sector overview, company overview, and financial performance.
This document is a presentation for the Bank of America-Merrill Lynch 2010 Pan LatAm Conference. It provides an overview of General Shopping Brasil, a leading shopping mall developer and operator in Brazil. Key points include:
- General Shopping has a portfolio of 13 shopping centers totaling over 225,000 square meters of GLA, with a focus on the high-growth Southeast and South regions.
- The company pursues a diversified growth strategy of greenfield developments, acquisitions, and expansions. It also provides complementary services like parking, energy, and water management.
- Financial performance has been strong, with gross revenues increasing 26.4% in 3Q09 and 19.3%
General Shopping Brasil is a Brazilian shopping center company that owns and operates 7 shopping centers with over 140,000 square meters of GLA. The company has a growth strategy of acquiring additional shopping centers, expanding existing malls, and developing new projects. Some key ongoing projects include expansions of the Suzano and Internacional Shopping centers, as well as developing the new Sulacap Shopping regional mall. The company focuses on serving Brazil's B and C social classes and has close relationships with store owners to understand retail trends.
General Shopping Brasil reported its 4Q11 earnings results. The presentation provided an overview of the company including its portfolio of shopping centers, strategy of pursuing acquisitions, greenfield developments and expansions, and increasing complementary services. It also reviewed the company's financial performance with gross revenue increasing 11.3% in 4Q11 compared to the same period in 2010.
This document contains a disclaimer stating that any forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. It also states that the information provided should not be construed as solicitation, investment advice, or a recommendation to buy or sell securities.
The document then provides an agenda covering a sector overview, company overview, financial performance, and earnings for 2009. It discusses the shopping center sector in Brazil, providing statistics on sector penetration, types of shopping malls, and the largest operators. It then gives an overview of the company, its growth strategy including acquisitions and greenfield projects, portfolio details, and geographic focus in southeastern and southern Brazil. Finally, it reviews the company's
The document provides an overview of Arezzo&Co, a leading footwear and accessories company in Brazil. It discusses the company's platform of top brands, nationwide distribution strategy through multiple channels including owned stores, franchises and multi-brands. Arezzo&Co has a unique business model focused on innovation, producing many collections each year. It also has a strong marketing program and creates differentiated store atmospheres for each brand. The company utilizes an efficient and flexible production process through outsourcing to ensure growth.
Arezzo&Co is a leading footwear and accessories company in Brazil with a platform of top brands. It has a unique business model combining growth and high cash generation. The company has a flexible production process and leverages multiple distribution channels, including owned stores, franchises, and multi-brand stores, to maximize profitability. Arezzo&Co's ability to innovate through frequent new collections, broad marketing programs, and use of information technology helps drive its strong financial and operational performance.
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This presentation summarizes Cia. Hering's 3Q08 performance and outlines its business strategy and outlook. Key highlights include 53.8% domestic market revenue growth and 66.4% growth in Hering brand sales. The presentation reviews the company's operating results, stock market performance, and store expansion plans. Cia. Hering aims to continue growing through increasing its Hering store count to 229 locations and marketing campaigns to promote the Hering brand and store card.
This presentation by Cia. Hering provides an overview of the company's 3Q08 performance and business outlook. Key highlights include 53.8% domestic market revenue growth and 66.4% growth in Hering brand sales. The presentation outlines the company's continued expansion plans, including increasing the Hering store network to 229 stores by the end of 2008. Cia. Hering reviews its financial results and stock market performance, concluding with a reiteration of its strategies to promote growth.
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This document contains a summary of General Shopping Brasil's 2Q11 earnings results and provides an overview of the company. It discusses the company's differentiated approach in targeting B and C consumption classes. Financial metrics for 2Q11 show increases in rental and services revenue per square meter as well as occupancy rates compared to 2Q10. General Shopping Brasil continues its strategy of growth through greenfield developments, expansions, and acquisitions.
General Shopping Brasil is one of the largest shopping center companies in Brazil with 171,576 square meters of owned GLA across 12 operating shopping centers and 5 greenfield projects. In 1Q08, the company saw gross revenue increase 61.1% and adjusted EBITDA rise 58.5% compared to 1Q07. The company focuses on serving consumer classes B and C, which represent approximately 66% of total consumption in Brazil.
General Shopping Brasil reported strong financial results for 4Q10 and full year 2010. Gross revenue increased 15% for the full year, driven by 9.5% growth in rent per square meter and 11.5% growth in services revenue per square meter. The company also increased its owned GLA by 64.8% over 2010 through acquisitions and expansions. Occupancy rates remained high at over 95% for the year. Key performance indicators such as NOI margin, EBITDA margin, and funds from operations all increased compared to prior year. The company has a diversified debt profile with almost half of its debt indexed to inflation.
General Shopping provides concise 3 sentence summaries of documents:
The document contains forward-looking statements and disclaimers about risks and uncertainties. It provides highlights about General Shopping being one of Brazil's largest shopping center companies, with majority ownership of 12 shopping centers and 5 greenfield projects. Financial highlights from 1Q08 show gross revenue increased 61.1% and adjusted EBITDA increased 58.5% year-over-year.
Arezzo&Co is a leading footwear and accessories company in Brazil with a platform of top brands. It has a unique business model combining growth, high cash generation, and operational efficiency. The company innovates through 7-9 new collections per year and has a strong marketing program. Its multiple distribution channels including owned stores, franchises, and multi-brand retailers allow it to reach customers nationwide.
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Este documento fornece informações gerais sobre a Sonae Sierra Brasil S.A. e suas subsidiárias. Apresenta avisos legais sobre a natureza resumida e não completa das informações fornecidas, e sobre declarações prospectivas. Também contém um índice dos tópicos a serem discutidos.
Este documento fornece informações gerais sobre a Sonae Sierra Brasil S.A. e suas subsidiárias. Ele contém avisos legais sobre a natureza confidencial e preliminar das informações fornecidas, e alerta que declarações sobre perspectivas futuras estão sujeitas a riscos e incertezas. O documento não deve ser usado como base para decisões de investimento.
27 08-2012 - apresentação institucional agosto 2012sonaeri
Este documento fornece um resumo da Sonae Sierra Brasil S.A., incluindo informações sobre sua estrutura acionária, portfólio de shopping centers, estratégia de crescimento e desempenho financeiro. O documento também contém avisos legais sobre declarações prospectivas e não deve ser considerado como uma recomendação de investimento.
Sonae Sierra Brasil announces its financial results for the fourth quarter and full year of 2010. Key highlights include:
- Net revenue increased 7.7% in Q4 2010 and 20% for the full year.
- Adjusted EBITDA increased 19.4% in Q4 2010 and 42.1% for the full year.
- Occupancy rates reached 98% in 2010 compared to 97.2% in 2009.
The company remains optimistic about its performance in 2011 despite a more modest outlook for the Brazilian economy. New developments and expansions are expected to contribute to continued growth.
31 12-2010 - divulgação de resultados 4 t10sonaeri
O documento relata os resultados financeiros da Sonae Sierra Brasil para o quarto trimestre e ano de 2010. A empresa teve crescimento de receita líquida de 7,7% no trimestre e 20% no ano. O EBITDA ajustado cresceu 19,4% no trimestre e 42,1% no ano. A margem EBITDA ajustada atingiu 76,4% em 2010. A empresa também iniciou a construção de dois novos shoppings em 2010.
Sonae Sierra Brasil, a leading Brazilian shopping mall developer and manager, announced its financial results for the first quarter of 2011. Net revenue increased 17.6% compared to the first quarter of 2010, reaching R$49.7 million. Adjusted EBITDA was R$38.0 million, an 18.3% increase over the first quarter of 2010. The company successfully completed its IPO in the first quarter, raising R$465.0 million. Same-store rent and sales increased by double digits compared to the first quarter of 2010.
31 03-2011 - divulgação de resultados 1 t11sonaeri
O documento relata os resultados financeiros da Sonae Sierra Brasil no primeiro trimestre de 2011. A empresa obteve um EBITDA ajustado de R$38 milhões, um aumento de 18,3% em relação ao mesmo período do ano anterior. A receita líquida aumentou 17,6% e o lucro líquido atribuível aos acionistas atingiu R$62,6 milhões no trimestre. A administração da empresa se mostra confiante com o desempenho operacional e financeiro.
- Sonae Sierra Brasil, a leading Brazilian shopping mall developer and manager, reported financial results for 2Q11.
- Net revenue increased 17.2% to R$53.2 million in 2Q11 compared to 2Q10, while adjusted EBITDA grew 17.6% to R$40.7 million.
- Same-store rent and sales increased by double digits of 12.7% and 9.8%, respectively, in 2Q11 compared to the previous year.
30 06-2011 - divulgação de resultados 2 t11sonaeri
A Sonae Sierra Brasil anuncia um aumento de 17,6% no EBITDA ajustado para R$40,7 milhões no 2T11 em comparação ao 2T10. As vendas nas mesmas lojas aumentaram 9,8% e o aluguel nas mesmas lojas cresceu 12,7% no 2T11. A companhia continua confiante em sua estratégia de crescimento focada no desenvolvimento de shopping centers para a classe média.
Sonae Sierra Brasil, a leading Brazilian shopping mall developer and manager, announced financial results for 3Q11. Net revenue increased 21.2% to R$54.8 million compared to 3Q10. Adjusted EBITDA increased 22.9% to R$41.1 million and the adjusted EBITDA margin reached 75.1%. Same-store rent grew 13.0% and same-store sales increased 7.3%. Total net income attributable to shareholders was R$58.5 million, up 114.1% from 3Q10. The company also began construction of a new shopping mall in Goiânia and recently opened an expansion of an existing mall.
30 09-2011 - divulgação de resultados 3 t11sonaeri
A Sonae Sierra Brasil anuncia um aumento de 22,9% no EBITDA ajustado para R$41,1 milhões no 3T11 em comparação ao mesmo período do ano anterior. A receita líquida aumentou 21,2% para R$54,8 milhões no 3T11, impulsionada por fortes crescimentos no aluguel e vendas nas mesmas lojas. O lucro líquido atribuível aos acionistas aumentou 114,1% para R$58,5 milhões no 3T11.
Sonae Sierra Brasil announced its financial results for the fourth quarter and full year of 2011. In Q4 2011, net revenue increased 18% year-over-year to R$61.5 million and EBITDA grew 22% to R$49.1 million. For the full year, net revenue rose 18.5% to R$219.2 million while EBITDA increased 22.3% to R$168.4 million. Same-store rent and sales growth remained strong for both the quarter and year, increasing in the high single to low double-digit range. The company will continue its growth strategy through development projects and pursuing acquisition opportunities.
31 12-2011 - divulgação de resultados 4 t11sonaeri
Este documento resume os resultados financeiros da Sonae Sierra Brasil no quarto trimestre e ano de 2011. A receita líquida aumentou 18% no trimestre e 18,5% no ano. O EBITDA cresceu 22% no trimestre e 22,3% no ano. O lucro líquido atribuível aos acionistas aumentou 66% em 2011.
Sonae Sierra Brasil, a leading Brazilian shopping mall developer, owner and manager, announced its results for the first quarter of 2012. Net revenue increased 13.9% to R$56.6 million compared to 1Q11. Adjusted EBITDA grew 10.4% to R$41.9 million and adjusted FFO was R$34.6 million. Same-store rent and sales increased 12.1% and 9.8% respectively. The company opened its 11th shopping mall, Uberlândia Shopping, and obtained the controlling interest in Shopping Plaza Sul.
31 03-2012 - divulgação de resultados 1 t12sonaeri
O documento relata os resultados financeiros da Sonae Sierra Brasil no primeiro trimestre de 2012. A receita líquida aumentou 13,9% em relação ao mesmo período do ano anterior para R$56,6 milhões. O EBITDA Ajustado cresceu 10,4% para R$41,9 milhões. As vendas nas mesmas lojas aumentaram 9,8% e os aluguéis nas mesmas lojas cresceram 12,1%.
Este documento apresenta os balanços patrimoniais, demonstrações de resultados, demonstrações das mutações do patrimônio líquido e demonstrações dos fluxos de caixa da Sonae Sierra Brasil S.A. e suas controladas para os períodos findos em 30 de junho de 2012 e 2011.
Sonae Sierra Brasil announces earnings for 2Q12, with net revenue up 22.7% to R$65.3 million and EBITDA up 22.3% to R$49.8 million. Same-store rent grew 13.1% and same-store sales grew 9.2%. The company has 11 shopping malls in operation with over 400,000 square meters of GLA and two new projects under development with planned openings in 2013. Management remains optimistic about the Brazilian mall sector and Sonae Sierra Brasil's position for continued growth.
30 06-2012 - divulgação de resultados 2 t12sonaeri
A Sonae Sierra Brasil anuncia resultados do 2T12, com receita líquida de R$ 65,3 milhões, aumento de 22,7%, e EBITDA de R$ 49,8 milhões, aumento de 22,3%. As vendas totais nos shoppings aumentaram 18,9% e as vendas nas mesmas lojas cresceram 9,2%. A companhia continua otimista com as perspectivas do setor e bem posicionada para criar valor aos acionistas.
Sonae Sierra Brasil has experienced strong growth in owned GLA and portfolio size over the past decade. Their portfolio currently consists of 12 shopping centers across Brazil with a total GLA of 350,000 square meters, of which 203,000 square meters is owned GLA. Sonae Sierra Brasil is also pursuing expansion of existing properties and development of new greenfield projects, which are expected to increase total owned GLA by over 90% by 2013. Financial results for 2010 showed increases in key metrics such as sales, NOI and adjusted EBITDA compared to the previous year.
1. Sonae Sierra Brasil has experienced strong growth in its owned GLA from 22.5% in 1999 to 58.2% in 2010 through acquisitions and development projects.
2. The company currently has 9 shopping centers in operation totaling 349,100 square meters of GLA and 58% owned, as well as 3 projects under development totaling 169,500 square meters that are expected to be 95.6% owned.
3. Operating results have been positive with increasing sales, occupancy rates above 97.7%, and strong same-store sales and rental growth in the first quarter of 2011 compared to the same period last year.
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2. Disclaimer
► The material that follows is a presentation of general background information about Sonae Sierra Brasil S.A. and
its subsidiaries (the “Company”) as of the date of the presentation. It is information in summary form and does
not purport to be complete. It is not intended to be relied upon as advice to potential investors and does not form
the basis for an informed investment decision. This presentation is strictly confidential and may not be disclosed
to any other person.
No representation or warranty, express or implied, is made concerning, and no reliance
should be placed on, the accuracy, fairness or completeness of the information presented herein.
► This presentation may contain statements that are forward-looking within the meaning of Section 27A of the U.S.
Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the U.S. Securities Exchange Act of
1934.
Such forward-looking statements are only predictions and are not guarantees of future performance.
Investors are cautioned that any such forward-looking statements are and will be, as the case may be, subject to
many risks, uncertainties and factors relating to the operations and business environments of the Company and its
subsidiaries that may cause the actual results of the Company to be materially different from any future results
expressed or implied in such forward-looking statements. No person has any responsibility to update any such
information.
► This presentation does not constitute an offer, or invitation, or solicitation or an offer, to subscribe for or purchase
any securities.
Neither this presentation nor anything contained herein shall form the basis of any contract or
commitment.
2
5. Sonae Sierra Brasil at a glance
One of the leading developers, owners and operators of top quality and regionally dominant
shopping centers in Brazil
• 10 shopping centers owned and managed (450k sqm total GLA)
• Occupancy rate of 97.2%(1)
Operating
Expertise
• Best-in-class margins (Adj. EBITDA = 73.7% and Adj. FFO =
55.4%)
• Greenfield Expertise (84% of GLA)
• 2 third-party managed malls
• Leverage on the expertise, tenant relationships and market
Strong
Shareholders
Base
recognition of our majority shareholders: Sonae Sierra SGPS and
•
DDR Corp (NYSE: DDR)
asset, with 121 thousand sqm of GLA
• Best-in-class controlling shareholders with significant experience
(Gross Leaseble Area) is one of the
in the sector
largest shopping malls in Brazil and
Latin America
• 33.4% free float
• Defined growth strategy: focus on underserved markets’ middle
Secured
Growth
•
km from the city of São Paulo
• Secured growth: 3 recently opened greenfield projects and 3
• 3 other expansions already defined
The mall is located in the city of
Campinas, in the São Paulo State, 100
class
expansions concluded almost doubling our owned GLA
Parque D. Pedro Shopping is our main
•
Sonae
Sierra
Brasil
holds
a
51%
ownership interest in this mall
(1) Excluding Uberlândia, Boulevard Londrina and Passeio das Águas shopping centers
5
6. Ownership Structure
Sonae Sierra Brasil benefits from best-in-class corporate governance and globally recognized
sector expertise, arising from a solid and engaged controlling shareholders
• The largest business group of Portugal,
with operations in over 40 countries
• British company with over 300 years of history
in the properties market
• Operations in retail, properties, shopping
centers and telecommunications
• Over 1,000 properties under management with
a total value of £10.9 billion
• Market value: €2.2 billion(1)
• Properties in retail, commercial and residential
segments
50.0%
50.0%
• Over 21 years of history
• Over 45 years of history
• One of the largest
developers and operators of
shopping centers in Europe
• One of the largest
developers and operators of
shopping centers in US
• Over 2 million of sqm in total
GLA
• 12 million of sqm in total GLA
• NAV: €1.1 billion
• Market value of US$6.3 billion
• NYSE listed and Sox Compliant
(1)
50.0%
50.0%
Sierra Brazil 1
B.V.
66.65%
Note: (1) As of November, 2013
Source: Reuters
(1)
Sonae Sierra
Brasil S.A.
Free Float
33.35%
6
8. Fast growing middle class
Over 40 million people have moved upwards into the middle class, while middle class disposable
income has tripled
Middle class: disposable income(1)
(R$/month)
Increasing middle class
2005
2011
Population: 182 mm
Population: 191 mm
Lower class Middle class
Upper class
363
122
A+B
2005
15%
22%
2011
R$ 30 billion increase in monthly disposable income
+16 mm people
Consumer credit still underpenetrated in Brazil
28%
C
25%
26%26%
34%
54%
16%16%
15%
14%
+40 mm people
D+E
11%
10%
10%
6%
51%
4% 4%
24%
- 48 mm people
Chile
Source: Cetelem “O Observador 2012”
USA
Spain
Germany Argentina
2006
Brazil
Mexico
2011
Note: (1) Income available for spending and savings
Source: Cetelem “O Observador 2012”, Euromonitor and Raymond James
Sonae Sierra Brasil is strategically positioned to capture the
middle class consumption growth, as it entails over 80% of its
target audience
8
9. Brazilian shopping center industry
fundamentals
The Brazilian mall industry had a significant growth in recent years but it is still significantly
underpenetrated when compared to other countries
Number of shopping centers in Brazil
500
CAGR 2002-2012: 4.2%
450
400
350
303
335
326
317
351
363
376
392
408
11.2
10.3
CAGR 2002-2012: 7.4%
457
430
GLA (million sqm)
1 2 .0
8.3
5.5
2003
6.2
2007
2008
6.3
2004
2005
5.6
2002
6 .0
8.6
7.5
8 .0
300
9.5
9.1
1 0 .0
250
200
4 .0
150
100
2 .0
50
0 .0
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Source: ABRASCE; SSB
2006
2009
2010
2011
2012
Source: ABRASCE; SSB
Shopping Center Sales (R$ billion)
Low shopping center market penetration
2,500
GLA/1,000 inhabitants (2011)
121.0
108.0
2,000
CAGR 2002-2012: 14.3%
91.0
1,500
74.0
58.0
31.7
35.9
41.6
45.5
64.6
1,000
50.0
Brazil Average: 58
500
Source: ABRASCE, IBGE, BTG, SSB.
MG
GO
AM
2012
PR
2011
SP
2010
DF
2009
Brazil
2008
Peru
2007
Colombia
2006
Chile
2005
Mexico
Source: ABRASCE; SSB
2004
Europe
2003
Canada
2002
USA
-
9
10. Brazilian shopping center industry
fundamentals (cont’d)
According to Abrasce, 79 greenfield projects were announced for 2013 and 2014 in Brazil, which,
if concluded, should add more than 2.4 million sqm of GLA
Northeast
• Malls: 14
• GLA: 398k sqm
North
• Malls: 8
• GLA: 274k sqm
Southeast
Mid-West
• Malls: 44
• GLA: 1,340k sqm
• Malls: 4
• GLA: 166k sqm
South
• Malls: 9
• GLA: 247k sqm
Brazil
• Malls: 79
• GLA: 2,425k sqm
Source: Abrasce
10
12. Portfolio
Our portfolio is composed of 10 operating shopping malls, totaling 2,150 stores, 450 thousand sqm of total GLA and 354
thousand sqm of owned GLA. We recently opened Passeio das Águas Shopping, our 10th mall, which added 78 thousand
sqm of owned GLA to the portfolio. The Company also manages 2 third party malls totaling 341 stores and 52 thousand
sqm of GLA.
1. Parque D. Pedro Shopping
• Campinas (SP)
• GLA tsd sqm: 121.3
• Stores: 400
2. Boavista Shopping
• São Paulo (SP)
• GLA tsd sqm: 15.9
• Stores: 146
3. Franca Shopping
• Franca (SP)
• GLA tsd sqm: 18.5
• Stores: 106
7. Manauara Shopping
• Manaus (AM)
• GLA tsd sqm: 46.5
• Stores: 231
8. Uberlândia Shopping
• Uberlândia (MG)
• GLA tsd sqm: 45.8
• Stores: 215
7
9. Boulevard Londrina Shopping
• Londrina (PR)
• GLA tsd sqm: 48.4
• Stores: 224
10
8
4. Shopping Metrópole
• São Bernardo do
Campo (SP)
• GLA tsd sqm: 30.0
• Stores: 192
10. Passeio das Águas Shopping
• Goiânia (GO)
• GLA tsd sqm: 78.1
• Stores: 267
9
3
5. Shopping Plaza
•
•
•
Sul
São Paulo (SP)
GLA tsd sqm: 23.4
Stores: 221
6. Shopping Campo Limpo
• São Paulo (SP)
• GLA tsd sqm: 22.3
• Stores: 148
12
1
5
11
4
2 6
Malls in operation
Third party managed malls
11. Shopping Penha
• São Paulo (SP)
• GLA tsd sqm: 29.7
• Stores: 195
12. Tivoli Shopping
• Sta. Bárbara
d’Oeste (SP)
• GLA tsd sqm: 22.1
• Stores: 146
12
13. Controlling interests in most of
shopping centers
Sonae Sierra Brasil’s average ownership stake is 78.6% in its 10 operating properties.
City
State
GLA
(‘000 sqm)
% SSB
Campinas
SP
121.3
51.0%
São Bernardo
SP
30.0
100.0%
Rationale
São Paulo
SP
15.9
100.0%
Franca
SP
18.6
76.9%
Strategic control of the
malls
Plaza Sul
São Paulo
SP
23.4
60.0%
Campo Limpo
São Paulo
SP
22.3
20.0%
Manauara
Manaus
AM
46.5
100.0%
Uberlândia
Uberlândia
MG
45.8
100.0%
Londrina
Londrina
PR
48.4
88.6%
Passeio das Águas
Goiânia
GO
78.1
100.0%
Shopping Center
Parque D. Pedro(1)
Metrópole
Boavista
Franca
Average
Management
78.6%
Ability to expand and
adapt to market trends
Controls the
management
services of 100% of
owned malls
Third party malls under management
Penha
São Paulo
SP
29.7
Tivoli
Santa Bárbara
d’Oeste
SP
22.1
Note: (1) Sonae Sierra and DDR hold an additional 25.9% indirect ownership in Parque D. Pedro through another structure.
13
15. Growth Vectors
Sonae Sierra Brasil’s growth will be driven by the following vectors, with the focus on the
return to the shareholders, by a disciplined investment strategy:
Greenfields:
• Uberlândia
(delivered)
•Boulevard Londrina
(delivered)
• Passeio das Águas
• Projects yet to be
announced
M&A
opportunities:
• Actively searching
for new acquisition
opportunities of
shopping centers
that add value to the
portfolio
Return to the
shareholder
Expansion of
existing malls:
• Metrópole
• Parque D. Pedro
• Franca
• Expansions yet to be
announced
15
16. Opening of Passeio das Águas Shopping
On October 30th, 2013 Sonae Sierra Brasil
announced
the
opening
of
Passeio das
Águas Shopping, the largest mall in Brazil’s
Mid-West region.
Aerial View
Data on 10/30/13
Passeio das Águas Shopping
Location
Goiânia (GO)
Opening
10/30/2013
GLA ('000 sqm)
78.1
SSB's stake
100%
Number of stores
267
Occupancy
83%
Gross investment
R$ 466.6 million
Parking Spaces
4,000
External and Internal Pictures
16
25. Cash Position and Leverage
Financial Debt Amortization (R$ million)
Net Financial Debt (R$ million)
467.3
886.5
504.8
419.2
24.6
Total Debt
Cash and cash
equivalents
Net Debt
74.5
66.6
2013
2014
2015
109.8
106.1
2016
2017
2018 and
beyond
Does not consider debt related to asset acquisitions
Debt Profile
IPCA
26%
Fixed
14%
CDI
13%
TR
47%
Data on 9/30/13
25