January 28, 2023


Youth trendy style

Malls reopened with occupancy around 95%

RIO DE JANEIRO, Brazil, Could 12, 2021 /PRNewswire/ — Aliansce Sonae Shopping Facilities S.A. (B3: ALSO3), one of the most significant browsing mall homeowners and operators in Brazil, announces its results for the initial quarter of 2021 (1Q21).

1Q21 Highlights

95.2% occupancy price at the conclude of 1Q21. The ongoing partnership and assist to tenants, combined with commercial strength and the profitable link of merchants to Aliansce Sonae’s electronic platforms, led to the superior occupancy charge of shopping malls, even with the sector’s disaster.

Solid money era. Aliansce Sonae finished 1Q21 with a cash equilibrium of R$1.4 billion and 1.2x Internet Credit card debt / EBITDA. In the quarter, the Firm reached running money era of R$110 million, more than enough to go over its financial obligations and investments, confirming the resilience of its malls all through a new wave of problems.

74% of regular running hours. During 1Q21, with the pandemic worsening and a new wave of constraints over functions, the portfolio was open up on regular for 74% of standard several hours.

Profits overall performance. The malls’ opening limits brought about a setback to the operations’ restoration path in the course of 1Q21. Consequently, full profits reached 71.3% of the volume recorded in 1Q20.

EBITDA e AFFO. In 1Q21, EBITDA reached R$81.6 million, and FFO was R$40.7 million, the two mainly impacted by the operational limitations and improved PDA, however, with results softened by the Firm’s effectiveness in controlling expenses and costs.

PEG Hub Parque D. Pedro. In April 2021, the very first PEG Hub of the portfolio was introduced at Parque D. Pedro Searching. The PEG composition integrates the physical and electronic environments, with an location devoted to the withdrawal, exchange, or return of items obtained in the most varied channels.

Scenario Study: Manauara Buying. The shopping mall has been proving its operational resilience at a quick-paced recovery just after every reopening course of action. As the vaccination method improvements, the relaxation of the portfolio is expected to follow suit.

For a complete model of 1Q21 Earnings Launch, be sure to, refer to https://ri.alianscesonae.com.br/en

Aliansce Sonae will maintain its meeting phone and webcast on May well 13th, at 10:00 a.m. US ET (in Portuguese) / 11:00 a.m. US ET (in English). To accessibility the call, dial +1 (412) 717-9627 / +55 11 3181-8565 / +55 11 4210-1803, code “Aliansce Sonae”. Webcast is accessible at https://ri.alianscesonae.com.br/en

For extra information, make sure you, contact Daniella Guanabara, IRO, at + 55 21 2176-7272 or [email protected]

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