PRESS RELEASE
2Q14 PRELIMINARY OPERATIONAL DATA
SAME AREA SALES (SAS) UP 12.0% AND TOTAL SALES 15.2%
IN MULTIPLAN SHOPPING CENTERS
Rio de Janeiro, July 10, 2014 – Multiplan Empreendimentos Imobiliários S.A. (BM&FBOVESPA: MULT3)
announces its preliminary second quarter 2014 sales performance.
Same Area Sales (SAS) presented an 12.0% increase, and Same Store Sales (SSS) increased 9.4% compared to
2Q13, as a result of the improved tenant mix in the period. SAS and SSS recorded the highest growth in the last 14
quarters as shown in the chart below.
SAS
10.3%
10.0%
9.7%
SSS
9.5%
9.4%
7.7%
7.0%
7.4%
12.0%
8.8%
7.7%
8.0%
9.3%
5.7%
9.4%
6.6%
1Q11
2Q11
8.3%
7.5%
3Q11
4Q11
8.2%
8.5%
8.1%
1Q12
2Q12
3Q12
6.8%
4Q12
8.1%
1Q13
5.8%
2Q13
8.4%
3Q13
7.6%
4Q13
8.3%
1Q14
9.4%
2Q14
Same Area Sales (SAS) and Same Store Sales (SSS)
The SSS per segment table below shows the positive performance of sales, especially for the Food Court and
Gourmet Area, with a 19.2% increase, and Miscellaneous, up by 11.8%. The evolution per type of store, anchors and
satellites, presented an increase of 430 basis points compared to 2Q13, for satellites, and 170 basis points for
anchors.
Same Store Sales (SSS) – 2Q14
Segment
Food Court & Gourmet Area
Apparel
Home & Office
Miscellaneous
Services
Total
Anchor stores
Anchors
Satellites
Total
▲8.0%
▲9.7%
▲6.7%
▲5.2%
▲8.0%
▲19.2%
▲6.6%
▲7.2%
▲14.0%
▼0.8%
▲9.7%
▲19.2%
▲6.9%
▲8.1%
▲11.8%
▲1.5%
▲9.4%
9.7%
8.7%
IR – Multiplan
Tel: 55 21 3031-5200
Fax: 55 21 3031-5322
8.7%
8.0%
6.3%
8.0%
6.8%
7.2%
5.8%
5.4%
2Q13
SSS breakdown per segment – 2Q14
Satellite stores
3Q13
4Q13
1Q14
2Q14
Anchor and Satellite stores’ Evolution
Address: Av. das Américas, 4.200
Bloco 2 - Sala 501 Duplex
Barra da Tijuca - Rio de Janeiro
CEP: 22640-102
E - m a il: i r@mul t i p l a n.co m.b r
W e b s i t e : w w w . m u l t i p l an . co m. b r/ i r
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Total sales in 2Q14 in the 18 Multiplan shopping centers reached R$3.0 billion, up 15.2% when compared to
the same period in the previous year. Total sales in the last twelve months (LTM) was R$12.0 billion,
reflecting the 14.2% growth compared to the prior LTM. The compounded average growth rate (CAGR) in
the last five years reached the mark of 16.4% when comparing quarter over quarter, and 16.7% in the LTM
comparison.
CAGR: +16.4%
CAGR: +16.7%
+15.2%
+14.2%
3.0 B
12.0 B
10.5 B
2.6 B
2.3 B
1.7 B
9.0 B
7.9 B
2.0 B
6.7 B
1.4 B
2Q09
5.5 B
2Q10
2Q11
2Q12
2Q13
2Q14
Jun/09
(LTM)
Total Sales (R$) – Quarterly Evolution
Jun/10
(LTM)
Jun/11
(LTM)
Jun/12
(LTM)
Jun/13
(LTM)
Jun/14
(LTM)
Total sales (R$) – 12 months evolution
The growth in sales in the consolidated shopping centers had highlights such as RibeirãoShopping, with an
increase of 20.4%, MorumbiShopping, with 16.5%, DiamondMall, with 12.9%, and ParkShopping with
10.7%. Among the new shopping centers opened in the fourth quarter of 2012, VillageMall,
ParkShoppingCampoGrande and JundiaíShopping, the best performance comes from VillageMall, with a
growth of 91.8%, almost doubling its sales over those of the second quarter of the previous year, followed
by JundiaíShopping, with 28.6%, and ParkShoppingCampoGrande, with 22,4%. The chart below shows the
consistent consolidation process of these three new shopping centers, increasing the relative contribution of
these shoppings to total sales from 7.8% in 1Q13 up to 10.8% in 2Q14.
10.8%
8.4%
8.7%
2Q13
3Q13
9.1%
9.6%
7.8%
1Q13
4Q13
1Q14
2Q14
Sales of three shopping centers opened in 4Q12, as a
percentage of total sales (%)
The occupancy rate of 98.4% remained in line with the first quarter of 2014, and was 80 basis points
higher than in 2Q13 reaching 97.6%.
Armando d’Almeida Neto
Vice President and IRO
Disclaimer: The information included in this report are preliminary and can be modified without previous notice. The company has no obligation to update or review said
information. Readers/investors should be aware that many factors may mean that our future results differ from the information in this document. The reader/investor is
encouraged not to make their investment decision based only on the information above.
IR – Multiplan
Tel: 55 21 3031-5200
Fax: 55 21 3031-5322
Address: Av. das Américas, 4.200
Bloco 2 - Sala 501 Duplex
Barra da Tijuca - Rio de Janeiro
CEP: 22640-102
E - m a il: i r@mul t i p l a n.co m.b r
W e b s i t e : w w w . m u l t i p l an . co m. b r/ i r
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