mall marina arauco

Transcription

mall marina arauco
Ripley
Corp
15th Annual Latin
American CEO Conference
January 11-13, 2011
Santander
Contents
RIPLEY CORP
RIPLEY CHILE
RIPLEY PERU
3Q2010 RESULTS
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Ripley Corp assets
Revenues Sept-2010 LTM: MMUS$2,220
2 million customers using Tarjeta Ripley
Second place on TOM in Chile
Most recognized brand in department store in Peru
Market Cap Sept-2010: MMUS$ 2,600
Retail Business
54 stores in the best commercial areas of Chile and Peru
367,000 m2 of selling space
Financial Business
Loan Portfolio: MMUS$ 1,418
48 branches of Banco Ripley in Chile
16 branches of Banco Ripley in Peru
Real Estate Business
Participation in 7 shopping malls
134,000 m2 weighted selling space in shopping malls
15 owned stores
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Figures in nominal CLP converted to US$ using Sept 30th FX rate of $483.65/US$
54 years of history
2010
1986
2002
Barros Arana First Department
Store outside Santiago
Banco Ripley Chile
1985
Insurance brokerage business
starts Internet Store
First Store opened
in Chile
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Chile Acquisition of 22.5% of
Nuevos Desarrollos S.A. and sale
of the participation in mature
malls
2007
1997
1976
1956
2009
2000
San Diego First Department
Store in Santiago
Credit business starts
Financial Statement
under IFRS
Peru 3 new store
opening
Ripley Jockey Plaza First
Department Store in Peru
1993
Parque Arauco Ripley Chile
begins its new positioning
Peru: First Mall of Aventura Plaza S.A.
2005
Ripley Corp: IPO
Shareholders structure
Calderon family has been connected to the retail business for over 50 years
Major Shareholders
5 *Figures as of Dec 29th, 2010
Free Float*
Ripley Corp – Revenues & EBITDA
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Total Revenues LTM
EBITDA LTM
US$ 2,220 million
US$ 183 million
Figures in nominal CLP converted to US$ using Sept 30th FX rate of $483.65/US$
Contents
RIPLEY CORP
RIPLEY CHILE
RIPLEY PERU
3Q2010 RESULTS
7
0
Retail Business
Focused on the main value source: “The Client”
Adding new brands and
increasing the value of
current ones
Increasing the number of
clothing collections per
season
Optimizing price/quality
ratio through better
design and materials
Improving the shopping
experience
Store remodeling
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0
Retail Business
Important increase in sales, accompanied by
higher growth in the retail margin
New distribution center
0
Financial Business
Increasing portfolio through wider client base
Ripley Chile Gross Loan Portfolio MMUS$
Integration
Focused on store customer
The best of both worlds in one
Controlled risk
Increasing portfolio through wider client base
Loyalty Program
Controlled Risk
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Figures in nominal CLP converted to US$ using Sept 30th FX rate of $483.65/US$
Real Estate Business
Focus in the development of new projects with higher growth
Strategy is to focus in the development of new
projects with higher growth with the leading
company of the industry
ƒ Chile
ƒ Property of 22.5% of Nuevos Desarrollos
ƒ 2 shopping malls
ƒ 5 sites for development
ƒ 33% of Mall Marina Arauco and Curico
ƒ Mall Concepcion
Chile
S.A.
Selling Space (m2)
Ownership (%)
Marina Arauco
57,968
33.0
Mall del Centro de Curico
45,911
33.0
Mall Plaza Sur
74,583
22.5
Mall Plaza Alameda
57,355
22.5
Total Chile*
63,966
11 * Weighted by ownership %
Mall Concepcion - Relaunched
9 90,000 m2 selling space
9 2 anchor stores (Ripley & Jumbo)
9 85 minors stores
9 6 cinemas
9 Tower of 22 floor
9 2,000 permanent employees
9 Investment US$100 million
9 Estimated flow of 1 million visits per
month
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Contents
RIPLEY CORP
RIPLEY CHILE
RIPLEY PERU
3Q2010 RESULTS
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0
Retail Business
Duplicating selling space
15 stores in the best commercial
areas of Peru
130,000 m2 of selling space
Most recognized brand in
department stores in Peru
11 new stores in Peru between
2010 - 2013
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Financial Business
Growth the loan portfolio with controlled risk
Ripley Peru Gross Loan Portfolio MMUS$
Increasing portfolio through wider client base
ƒ Integration
ƒ Focused on store customer
ƒ The best of both worlds in one
ƒ Controlled risk
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Figures in nominal CLP converted to US$ using Sept 30th FX rate of $483.65/US$
0
Real Estate Business
Focus in the development of new projects with higher growth
Strategy is to focus in the development of new
projects with higher growth with the leading
company of the industry
ƒPeru
ƒ Property of 40% of Aventura Plaza S.A.
ƒ 3 shopping malls
ƒ 1 in construction
ƒ 3 sites for development
Selling Space (m2)
Ownership (%)
Aventura Plaza Trujillo
44,114
40.0
Aventura Plaza Bellavista
76,460
40.0
55,000
40.0
Peru
Aventura Plaza Arequipa
Total Peru*
16 * Weighted by ownership %
70,230
Contents
RIPLEY CORP
RIPLEY CHILE
RIPLEY PERU
3Q2010 RESULTS
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Ripley Corp – Results
Revenues increased 5.6% and 8.3% versus 9M2009 and 3Q2009
EBIT rose US$134 million on 9M2010
EBITDA reached US$129 million on 9M2010
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Figures in nominal CLP converted to US$ using Sept 30th FX rate of $483.65/US$
Ripley Corp – Revenues breakdown
Retail revenues increased in both countries significantly, with better margins
Financial revenues decreased in both countries, but loans portfolio continued
the positive trend
There are no real estate revenues due to the sales of the malls in the first half
of 2009
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Figures in nominal CLP converted to US$ using Sept 30th FX rate of $483.65/US$
0
Banco Ripley Chile
Consistently improving results
Change in business model lead to consistent results improvement
and controlled risk
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Figures in nominal CLP converted to US$ using Sept 30th FX rate of $483.65/US$
Investment Plan & Conclusions
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Ripley Corp – Stores opening
Chile 2010 - 2013
Peru 2010
9 4 Stores
9 Ripley Piura
9 Ripley Arequipa (Aventura Plaza)
9 Ripley Lima
Peru 2011 - 2013
9 8 Stores
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Ripley Corp – Investment Plan 2010 - 2013 (MMUS$)
Investment Plan 2010 – 2013 for a total amount of US$ 1,136 million including CAPEX
and working capital
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Figures in nominal CLP converted to US$ using FX rate of $500/US$
Ripley Corp - Conclusions
ƒ2010 -2013: Sustainable growth and profitability
ƒ Improving Ripley Corp profitability
ƒ Adding new brands and increasing the value of current on
ƒ Growth sales accompanied with better retail margin
ƒ Increase portfolio through wider client base
ƒ Improve efficiency
ƒ Increasing selling space in Peru
ƒ 8 new openings in Peru
ƒ 4 new stores in Chile
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Contact Information
Speaker
Juan Diuana – Ripley Corp CFO
More Information
www.ripley.cl
Investor Relations Contact
Alexander Cahn
ir@ripley.cl
(56-2) 694 1042
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Disclaimer
This presentation contains forward-looking statements, including statements
regarding the intent, belief or current expectations of the Company and its
management. Investors are cautioned that any such forward-looking statements are
not guarantee of future performance and involve a number of risks and uncertainties
including, but not limited to, the risks detailed in the company’s financial statements,
and the fact that actual results could differ materially from those indicated by such
forward-looking statements.
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