5TH ANNUAL ANDEAN CONFERENCE Larraín Vial --- March, 2011
|
|
- Jacob Hines
- 5 years ago
- Views:
Transcription
1 5TH ANNUAL ANDEAN CONFERENCE 2011 Larraín Vial --- March, 2011
2
3 AGENDA Company Review Housing and Construction Industry Business Strategy Financial Highlights
4 HISTORY 1965 Real Estate & Construction Company founded by Eduardo Gras Díaz First housing development 16 houses in Temuco 1967 New partners join the business Socovesa is born 1979 First project outside Temuco in the city of Valdivia 1983 The Company starts activities in Santiago New projects for higher segment customers 1996 Internationalization of the Company Socovesa purchased participation in a project in Buenos Aires 2003 Enters the Engineering and Construction business to third parties Socoicsa 2007 Takeover of Almagro S.A. (Apartments construction company) Socovesa is listed on the Chilean Stock Market 2008 Inmobiliaria Pilares is born 2009 Socoicsa Capital Raise 2010 Corporate Restructure => New Chairman of the Board, new CEOs Socoicsa Subsidiaries => Civil Projects and Industrial Assembly Launch of some real estate projects (Laguna de Cóndores)
5 SOCOVESA: LARGEST REAL ESTATE DEVELOPER IN CHILE LARGEST REAL ESTATE GROUP IN THE COUNTRY 45 years of continuous growth and company development. Over houses built. Successful business model and financial strength: Positive results even in poor economic cycles. Over workers. 88 developments in 16 cities Economies of scale, greater efficiency and flexibility. Housing sales US$ 468 million and total sales US$ 551 million (2010), with a 12.2% compound growth in the last 8 years. EXPERIENCED MANAGEMENT TEAM WITH GREAT BUSINESS KNOWLEDGE 24 years of experience in the industry Clear vision and execution of the business model. Ability to handle multiple projects simultaneously. SIZE, PRESTIGE AND BRAND RECOGNITION AS COMPETITIVE ADVANTAGES Good brand positioning: trustworthy, quality and exceptional post-sale services. GREAT GROWTH POTENTIAL. Land stock is unique, base of future growth for the real estate business. Growth potential through new products, segments, and markets.
6 ORGANIZATIONAL STRUCTURE Real Estate Business Engineering & Construction Business Socovesa Santiago Socoicsa Montajes Socovesa Sur Socoicsa Obras Civiles Almagro Pilares Socovesa Desarrollos Comerciales
7 SALES DISTRIBUTION PER BUSINESS AREA 100% 90% 80% 23% 15% 20% 11% 15% 21% 70% 60% 50% 40% 30% 77% 85% 80% 89% 85% 79% 20% 10% 0% p Engineering & Construction Business Real Estate Business Note: FECU data
8 600, , ,000 40,000 35,000 30,000 25,000 Sales ( Th US$) Profit (Th US$) SALES & PROFIT EVOLUTION 300, , ,000 0 CAGR: 13,9% 20,000 15,000 10,000 5, (PCGA) 2010 (IFRS) CAGR: 86,2% CAGR: 8,0% Sales Prof it
9 PROPERTY STRUCTURE The Company is controlled by Mr. Eduardo Gras, founder of Socovesa, and his family through 13 corporations. Until December 31st, 2010, the executives and employees of the Company maintained 6.4% of the participation Market Cap up to March 15th* = US $ 776,88 millions 11% 12% 3% 2% 1% 6% Gras Family Negrón Family Investment Funds Stock Broker Executives and Employees 52% Pension Funds Mutual Funds Others Retail Insurance Company 13% Total Shares: * Price = $305
10 AGENDA Company Review Housing and Construction Industry Business Strategy Financial Highlights
11 POSITIVE FIGURES ON THE MACROECONOMIC SCENE IMACEC Better figures towards the end of the year 2010 Labor Market Important recovery 10 8 a/a, % 10 8 Octubre Sep Agosto Julio Junio Source: Zahler & Co. 5.7 Empleo a/a, % Abril Mayo 6 Marzo Source: Zahler & Co. IMACEC a/a, % IMACON Construction Business with more activity Interest Rates still low IMACON a/a, % Dic 2010: feb-07 may-07 ago-07 nov-07 feb-08 may-08 ago-08 nov-08 feb-09 may-09 ago-09 nov-09 feb-10 may-10 ago-10 nov-10 feb Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Source: Zahler & Co. Source: ABIF BCU 5 años BCU 10 años
12 IPEC*-SUPPLY AND SALES EVOLUTION (Quarterly Average) * Economic Perception Index Fuente: Collect
13 IPEC EVOLUTION : Would you say that now is a good moment or a bad one to buy an appartment or a house? Fuente: Collect
14 MARKET TRENDS We have seen the recovery of the real estate business after the decrease in sales suffered by the industry due to the financial crisis. The more sensitive segment affected by the crisis, is that of houses and apartments with prices ranging from US$ to US$ This segment is still hit, but we expect its recovery during Housing Sales in Gran Santiago (Units) Months to deplete Stock (Semi anual mobile average ) 3,500 3,000 2,500 2,000 1,500 1, ene/04 abr/04 jul/04 oct/04 ene/05 abr/05 jul/05 oct/05 ene/06 abr/06 jul/06 oct/06 ene/07 abr/07 jul/07 oct/07 ene/08 abr/08 jul/08 oct/08 ene/09 abr/09 jul/09 oct/09 ene/10 abr/10 jul/10 oct/10 ene/11 Houses Apartments Total Source: Cámara Chilena de la Construcción Source: Cámara Chilena de la Construcción Units (semi anual mobile average ) ene/04 abr/04 jul/04 oct/04 ene/05 abr/05 jul/05 oct/05 ene/06 abr/06 jul/06 oct/06 ene/07 abr/07 jul/07 oct/07 ene/08 abr/08 jul/08 oct/08 ene/09 abr/09 jul/09 oct/09 ene/10 abr/10 Months to deplete stock ( semi anual mobile avergae) jul/10 oct/10 ene/11 Houses Apartments Total
15 AGENDA Company Review Housing and Construction Industry Business Strategy Financial Highlights
16
17 MULTIFACETED RESIDENTIAL PRODUCTS IN ALL INCOME SEGMENTS MULTIPRODUCT AND MULTIBRAND STRATEGY ABC1 C2 C3 D E HOUSES RTMENTS APAR Santiago South
18 STRONG BRAND RECOGNITION AND SOLID REPUTATION Nationwide, Socovesa is the strongest brand in the Real Estate and Construction Industry
19 BOTH BRANDS, SOCOVESA AND ALMAGRO, HAD A GOOD PERFORMANCE DURING 2010
20 PRO FORMA REAL ESTATE SALES EVOLUTION 600,000 CAGR: 10% 8% 500,000 Sales (Th US$) 400, , , , p Socovesa Almagro Pilares * Includes income from sales of new and used homes, land and others.
21 PRE-SALES EVOLUTION Pre-Sales Evolution January- December of each year 600,000 8% 500,000 17% 400,000 Th US$ 300, , , p Socovesa Almagro Pilares
22 FINISHED HOUSES INVENTORY EVOLUTION Inventory of Finished Houses January 2008 to December , , , , ,000 50, , , , ,000 50,000 0 Th US$ Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10 Nov 10 Dec 10 Th US$ Socovesa Almagro Pilares
23 PROJECTS UNDER DEVELOPMENT DECEMBER SOCOVESA BUSINESS UNIT NUMBER OF PROJECTS UNITS ON SALE AVERAGE PRICE US$ ON SALE (Th) Santiago US$ Th US$ Temuco US$ Th US$ Valdivia US$ Th US$ TOTAL US$ Th US$ Parque Lauquén Larapinta Ciudad Satélite Alcalá Los Monjes US$ US$ US$ US$ US$ US$ US$
24 PROJECTS UNDER DEVELOPMENT DECEMBER ALMAGRO BUSINESS UNIT NUMBER OF PROJECTS UNITS ON SALE AVERAGE PRICE US$ ON SALE (Th) Almagro US$ Th US$ Blanco Encalada US$ Los Tres Antonios US$ El Comendador US$ Kennedy US$ US$ US$
25 PROJECTS UNDER DEVELOPMENT DECEMBER PILARES BUSINESS UNIT NUMBER OF PROJECTS UNITS ON SALE AVERAGE PRICE US$ ON SALE (Th) Pilares US$ Th US$ Plaza Los Castaños US$ Parque Balmaceda US$ Mirador de Goycolea US$ US$ US$
26 REAL ESTATE SALES DISTRIBUTION DECEMBER 2010 GEOGRAPHIC ZONE PRODUCT TYPE PRICE RANGE North 12% Between ThUS$ 275 to ThUS$ 460 5% More than ThUS$ % Less than ThUS$ 92 20% Center 59% South 29% Apartments 51% Houses 49% Between ThUS$ 183 to ThUS$275 17% Between ThUS$ 92 and ThUS$ % Note: Distribution presented considers the income of the sale of units from the projects currently on execution.
27 STRATEGICALLY LOCATED LAND BANK SUBSIDIARY NUMBER OF SITES AREA (m2) BOOK VALUE (Th US$) Socovesa 69 17,829, ,481 Almagro , ,072 TOTAL 88 18,090, ,553
28
29 ENGINEERING AND CONSTRUCTION BUSINESS SALES EVOLUTION 160, ,000 65% 120, ,000 CAGR: 26% Th US$ 80,000 60,000 40,000 20, p
30 PROJECTS UNDER DEVELOPMENT DECEMBER SOCOICSA BUSINESS UNIT PROJECTS UNDER DEVELOPMENT CONTRACT AMOUNT (Th) Socoicsa 18 Th US$ Some of Socoicsa s projects: Líder Collao Termoeléctrica Lautaro Hospital Santa Cruz Hospital de Cañete ThUS$ ThUS$ ThUS$ ThUS$
31 BACKLOG UP TO JANUARY 2011 Th US$ PROJECT MANDATOR DUE DATE Hogar Israel Hogar Israelita de Ancianos ene-11 Cesfam San Felipe S.Salud Aconcagua ene-11 Estadio de Copiapo Instituto Nacional del Deporte ene-11 Santo Tomas de La Serena Corporacion Santo Tomas ene-11 Hospital Santa Cruz S. Salud O'Higgins feb-11 Santo Tomas Rancagua Corporacion Santo Tomas feb-11 Central Lautaro* Comasa S.A. may-11 Sisa Coronel Cencosud mar-11 Escuelas Para Chile Fundación Teleton abr-11 Casa de los Intendentes Gobierno Regional de Magallanes y Antartica Chilena abr-11 Obras Civiles Caldera CMPC Laja CMPC abr-11 Nueva Aldea Clorato Celulosa Arauco Celulosa Arauco may-11 Super bodega Acuenta Cauquenes Saitec may-11 Reemplazo Descortezador Planta Arauco Celulosa Arauco jun-11 Planta Dual SQM SQM Salar S.A jul-11 Hospital Cañete S. Salud Arauco sep-11 Edificio Ombu Inmobiliaria y Constructora OMBU S.A. sep-11 Santo Tomas de Los Angeles Corporacion Santo Tomas oct-11 Centro Distribución LIDER Saitec oct-11 Santiago College Fundación Educacional Santiago College ene-12 Mall Concepción Mall del Concepción S.A. may-12
32 GROWTH STRATEGY Recovery of the middle and low income segments: Consolidation of 3 big projects in Socovesa Santiago Recuperation of Socovesa Valdivia and consolidation of Pilares Portfolio balance towards housing of higher yield Improvement in the margins Real Estate Business Growth and consolidation of Empresas Socovesa in the north of Chile Important base in Antofagasta with the objective of starting new developments in Iquique-- in both cases with the brand Almagro (other subsidiaries may be added in the future) Commercial real estate business: Creation of a new subsidiary: Socovesa Desarrollos Comerciales S.A. The Ombu project is the first office building of this new subsidiary which is developed with a partnership with Inmobiliaria Camargo (50% each) Estimated sale: US$12 millions. Potential development of office building projects in some lots in Ciudad Empresarial m 2 remainder Development of a commercial building -- offices and a hotel in the land of Villa Esmeralda in Antofagasta m 2 saleable of housing and commercial equipment New projects under analysis in prime locations in Santiago
33 GROWTH STRATEGY Engineering and Construction Business Growth and Consolidation of Socoicsa s Sales by: Consolidation of the type of projects and clients: Hospitals Retail Stadiums and other sports infrastructure projects Energy Paper manufacturer Increase the portfolio of projects and clients in the segments where Sococisa does not participate today: Mining Industry Ports Infrastructure Incorporation of EPC Projects in which the engineering is developed inhouse Developing partnerships with strategic enterprises in different areas of the industry that allows Socoicsa to increase its portfolio To promote businesses with other subsidiaries within the Group in order to use and exploit the experience in the engineering and construction business (i.e.: Socoicsa will build the office buildings of the commercial real estate subsidiary).
34 2011 REAL ESTATE LAUNCHES SUBSIDIARY NUMBER OF PROJECTS NUMBER OF UNITS TO DEVELOP AVERAGE PRICE (US$) POTENCIAL SALES (Th US$) Socovesa 35 2,715 USD 104,770 USD 284,450 Almagro 16 1,277 USD 178,599 USD 228,071 Pilares USD 56,161 USD 31,899 TOTAL 55 4,560 USD 119,390 USD 544,420
35 AGENDA Company Review Housing and Construction Industry Business Strategy Financial Highlights
36 FINANCIAL HIGLIGHTS Total Leverage (x times) (IFRS)2010(IFRS) Financial Leverage (x times) (IFRS) 2010 (IFRS) Financial Debt/ EBITDA (x times) (IFRS) 2010 (IFRS) EBITDA / Financial Expenses (x times) (IFRS) 2010 (IFRS) Note: Year : PCGA Accounting; Year 2009 and 2010: IFRS Accounting
37 FINANCIAL HIGLIGHTS DEBT EVOLUTION 700, , , , , ,000 Th USD 640, , , ,000 Th USD 600, , , ,000
38 5TH ANNUAL ANDEAN CONFERENCE 2011 Larraín Vial --- March, 2011
Ripley. May Corp
1 May 2012 One of the biggest holdings of the department store business in Chile and Peru, and starting operations in Colombia CHILE since 1956 PERU since 1997 38 department stores 236 Th. m2 of selling
More informationI. EXECUTIVE SUMMARY 3 III. MAIN EVENTS IN THE PERIOD 6 IV. RETAIL INDICATORS 7 V. REVENUES BY BUSINESS UNITS 9 VI. CREDIT INDICATORS 11
I. EXECUTIVE SUMMARY 3 II. CONSOLIDATED INCOME STATEMENT AS OF SEPTEMBER 30, 2010 4 III. MAIN EVENTS IN THE PERIOD 6 IV. RETAIL INDICATORS 7 V. REVENUES BY BUSINESS UNITS 9 VI. CREDIT INDICATORS 11 VII.
More informationAGENDA. Industry. Clients. Growth and efficiency
AGENDA Industry Clients Growth and efficiency 01 SUPERMARKETS IN CHILE INDUSTRIA SUPERMARKETS INDUSTRY IN CHILE Supermarkets Sales (in BN USD) and stores growth 12.9 BN USD 15.6 BN USD 28% Is what RETAIL
More informationRipley Corp October 2017
Ripley Corp October 2017 A COMPANY WITH HISTORY AND SUCCESS First store in Santiago Credit business beginning First department store Opening of Ripley Parque Arauco First store in Peru Opening of Ripley
More informationEarnings Presentation First Quarter May 2012
Earnings Presentation First Quarter 2012 May 2012 Company overview Key metrics (LTM 2012 1 ) Number of stores: 906 Selling space: 3,3 million sq 2 Number of customers: 800mm Number of employees: 139,082
More informationLATIN AMERICA EXECUTIVE CONFERENCE
LATIN AMERICA EXECUTIVE CONFERENCE January 2013 FALABELLA CONSOLIDATED STATEMENTS BUSINESS UNITS INVESTMENT PLAN MORE THAN 120 YEARS OF HISTORY 1889 Salvatore Falabella opens the first large tailor shop
More informationViva Malls. Commercial Real Estate Leader in Colombia
Viva Malls Commercial Real Estate Leader in Colombia Evolution of Grupo Éxito s Real Estate Business Grupo Éxito has a track record of over 10 years in the development and operation of shopping malls in
More informationEarnings Presentation Second Quarter September 2012
Earnings Presentation Second Quarter 2012 September 2012 Key Issues First Half 2012 Cencosud Projects Second Quarter Results Company overview Key metrics (2Q12) Number of stores: 920 Selling space: 3,495,857
More informationFalabella Peru Corporate Presentation
Falabella Peru Corporate Presentation September 2017 CONTENTS FALABELLA GROUP FALABELLA PERU: GENERAL INFORMATION BUSINESS UNITS OVERVIEW CONSOLIDATED FINANCIALS FALABELLA GROUP Presence In 7 Countries
More informationAlmacenes Éxito S.A. Consolidated Financial Results For the three-month period ended March 31. First Quarter 2013 Financial Highlights
Almacenes Éxito S.A. Consolidated Financial Results For the three-month period ended March 31 2013 New Éxito Soledad in Atlántico First Quarter 2013 Financial Highlights Note: Consolidated figures include
More informationSantander Conference Acapulco JAN 08
Santander Conference Acapulco JAN 08 Consolidated Summary FALABELLA SNAPSHOT Chile based integrated retailer involved in the department store business, home improvement, supermarket and financial services.
More informationCONTENTS RIPLEY CORP 2010 FOCUS CONCLUSIONS
RIPLEY CORP CONTENTS RIPLEY CORP 2010 FOCUS CONCLUSIONS Our Assets Revenues 2009: US$ 1,963 m Loans Portfolio: US$ 1,354 m 1.8 million of customer using Tarjeta Ripley 51 stores in the best commercial
More informationB&M European Value Retail SA Interim Results Presentation 26 weeks to 23 rd September 2017
B&M European Value Retail SA Interim Results Presentation 26 weeks to 23 rd September 2017 Interim FY18 Group Highlights Group revenues increased by 21.7% to 1,346.4m B&M LFL revenues +7.5%, Q2 LFL +7.7%
More informationKingfisher AGM. 17 June 2010
Kingfisher AGM 17 June 2010 Daniel Bernard Chairman Agenda Introduction Business review Daniel Bernard Ian Cheshire Questions and answers Resolutions Daniel Bernard Chairman Introduction: excellent progress
More informationThe Remodeling Market
The Remodeling Market Kermit Baker Remodeling Futures Program International Builders Show January 21, 2010 www.jchs.harvard.edu Remodeling Market Issues 1. Where do we stand in the remodeling cycle at
More informationEARNINGS REPORT 1st Quarter 2007 S.A.C.I. FALABELLA
EARNINGS REPORT 1st Quarter 2007 S.A.C.I. FALABELLA April 2007 Results First Quarter 2007 Table of Contents I. EXECUTIVE SUMMARY...3 II. CONSOLIDATED INCOME STATEMENT AS OF MARCH 31, 2007...4 III. CONSOLIDATED
More informationG4S Americas May 2012
May 2012 Grahame Gibson Group COO & Regional CEO Americas 1 Agenda 1. Market Overview 2. G4S Performance 3. Differentiating G4S 4. Brazil Market Opportunity 5. G4S in Brazil 6. Summary & Conclusion 2 Americas
More informationBB&T Capital Markets Automotive Aftermarket Conference: Car Talk in the City August 17, 2011
BB&T Capital Markets Automotive Aftermarket Conference: Car Talk in the City August 17, 2011 Forward Looking Statements The Company claims the protection of the safe-harbor for forward-looking statements
More informationLowe's Companies Inc (LOW) - Financial and Strategic SWOT Analysis Review
Lowe's Companies Inc (LOW) - Financial and Strategic SWOT Analysis Review Lowe's Companies Inc (LOW) - Financial and Strategic SWOT Analysis Review The Business Research Store is run by Sector Publishing
More informationMay 24, 2018 Frankfurt/Main. DVFA Analyst Meeting May 2018 HORNBACH Group 2018
HORNBACH Baumarkt AG DVFA Analyst Meeting May 24, 2018 Frankfurt/Main Page 1 Financial Calendar 2018 HORNBACH Group June 22, 2018 Financial Update: 1st Quarter of 2018/19 as of May 31, 2018 July 5, 2018
More informationCORPORATEPRESENTATION MAY 2011
CORPORATEPRESENTATION MAY 2011 1: COMPANY OVERVIEW 2: THE CONSTRUCTION INDUSTRY 3: BUSINESS UNITS 4: FINANCIAL PERFOMANCE 5:OUTLOOK FOR THENEXTYEARS eevev COMPANY OVERVIEW CHAPTER 01 COMPANY OVERVIEW CHAPTER
More informationThe following presentation is to be given at a Kmart Investor Site Tour on 4 December 2012.
4 December 2012 The Manager Company Announcements Office Australian Securities Exchange Dear Sir, Kmart Investor Site Tour The following presentation is to be given at a Kmart Investor Site Tour on 4 December
More informationFor the quarter and six-month period ended June 30, 2010
2 1 Almacenes Éxito S.A Second Quarter Consolidated 2 financial report 1 financial results The converted Éxito Libertador store in Santa Marta For the quarter and six-month period ended June 3, 21 Working
More informationSACI FALABELLA CORPORATE PRESENTATION AUGUST 2015
SACI FALABELLA CORPORATE PRESENTATION AUGUST 2015 CONTENTS The Company Key Investment Highlights Consolidated Statements Corporate Structure Overview per Business Unit FIVE BUSINESS UNITS 126 YEARS OF
More informationFor the quarter and twelve-month period ended December 31, 2010
Almacenes Éxito S.A. Consolidated Financial Results 20 Fourth Quarter 20 financial report Éxito Modelia: the first store converted from Cafam brand For the quarter and twelve-month period ended December
More informationScS Group Plc Interim Results For The 26 Weeks Ended 24 January 2015 March 2015
ScS Group Plc Interim Results For The 26 Weeks Ended 24 January 2015 March 2015 October 2014 H1 2015 Highlights Financial Highlights: Like for like sales order intake up 7.8% Flooring up 13.0% Total sales
More informationInstitutional Presentation June, 2018
Institutional Presentation June, 2018 THE LEADER IN BRAZILIAN RETAIL: OVERVIEW NATIONWIDE PRESENCE Multiformat and omnichannel platform 150 (3) Atacadão stores Hyper Convenience Drugstores 11% 23 Atacadão
More informationSACI FALABELLA CORPORATE PRESENTATION NOVEMBER 2015
SACI FALABELLA CORPORATE PRESENTATION NOVEMBER 2015 CONTENTS The Company Key Investment Highlights Consolidated Statements Corporate Structure Overview per Business Unit FIVE BUSINESS UNITS 126 YEARS OF
More informationCorporate Presentation. November 2018
Corporate Presentation November 2018 Company Profile FOURLIS GROUP is a leading retail group of companies of quality consumer goods in Southeast Europe. The initial company was founded in 1950. The group
More informationCOMMUNITY OPEN HOUSE. March 28, 2012
COMMUNITY OPEN HOUSE March 28, 2012 THE CASE FOR URBAN INVESTMENT One of the best things that cities can do to create jobs especially in the private sector is to improve the quality of life of their inhabitants.
More informationLA GAVIA A SUCCESS STORY MADE POSSIBLE BY PERFECT POSITIONING
LA GAVIA A SUCCESS STORY MADE POSSIBLE BY PERFECT POSITIONING LA GAVIA HISTORY 01 3 A POWERFUL RETAIL MAGNET 47,792 sq.m. for the mall 25,300 sq.m. for Ikea 9,980 sq.m. for Carrefour A powerful retail
More informationAlmacenes Éxito S.A. Consolidated Financial Results
Almacenes Éxito S.A. Consolidated Financial Results For the second quarter and six-month period ended June 30, Viva Caucasia Shopping Mall BVC (The Colombian Stock Exchange): ÉXITO ADR Program: ALAXL Medellín,
More informationFinancial Results for First Quarter of Fiscal 2013, ending March 31, August 3, 2012
Financial Results for First Quarter of Fiscal 2013, ending March 31, 2013 August 3, 2012 Fiscal 2013 (1Q) : Consolidated Highlights Net sales: 53.03 billion (down 2.1% year-on-year) Negatively impacted
More informationRemodeling Market. Kermit Baker. Remodeling Futures Conference November 9, Harvard University JOINT CENTER FOR HOUSING STUDIES
Remodeling Market Trends and Update Kermit Baker Remodeling Futures Conference November 9, 2010 Remodeling Market Trends 1. Remodeling spending saw significant decline during recession; greatest fall-off
More informationAlmacenes Éxito S.A. Consolidated Financial Results
Almacenes Éxito S.A. Consolidated Financial Results 2011 For the quarter and twelve-month period ended December 31, 2011 The New Surtimax La Paz Bosa store. BVC (The Colombian Stock Exchange): ÉXITO ADR
More informationQ3 Report Johan Molin President & CEO
Q3 Report 2011 Johan Molin President & CEO 1 Financial highlights Q3 2011 Good performance in a weak market Continued strong growth in Asia Stable but slow development in mature markets South America slowing
More informationPUREGOLD PRICE CLUB, INC.
Sa PUREGOLD PRICE CLUB, INC., Always Panalo! Company Presentation 1Q 2016 Results and Performance July 2016 Disclaimer These presentations and/or other documents have been written and presented by Puregold
More informationGross margin grew from 28.51% in 2013 to 28.88% in Gross profit increased by 33.44% from 165, million RUR to 220, million RUR.
Press-release Krasnodar March 25, 2015 PJSC Magnit Announces Audited FY 2014 Results Krasnodar, March 25, 2015: PJSC Magnit, Russia s largest retailer (the Company ; MOEX and LSE: MGNT) announces its audited
More informationFULL YEAR RESULTS 2016/17
PICTURE BOX Resize your image to this grey area only See example slide for reference FULL YEAR RESULTS 2016/17 24 May 2017 AGENDA Introduction Review of 2016/17 Progress update Guidance Q&A BUILDING A
More informationS.A.C.I. Falabella. Corporate Presentation. J a n u a r y
S.A.C.I. Falabella Corporate Presentation J a n u a r y 2 0 1 8 CONTENTS THE COMPANY INVESTMENT HIGHLIGHTS CONSOLIDATED STATEMENTS CORPORATE STRUCTURE BUSINESS UNIT OVERVIEW THE COMPANY Presence In 7 Countries
More informationPrincipal Brands UK and Northern Ireland
Profile UK and Ireland based Building Materials Group Principal activities Builders and Plumbers Merchanting DIY Retailing in Ireland Dry Mortar Manufacturing Annualised turnover over 2.8 billion Market
More informationProgramme overview Peter Bakker. Introduction & Separation. Tea Break Harry Koorstra. Mail. Short Break 15.35
Programme overview Introduction & Separation Tea Break 13.00 Peter Bakker 13.20 Bernard Bot 13.50 Q&A 14.20 Short Break Closing & Drinks 14.50 15.10 15.20 15.35 15.50 16.20 16.35 17.00 Harry Koorstra Jan
More informationWal-Mart Stores, Inc. Update
Wal-Mart Stores, Inc. Update Charles Holley Executive Vice President & Treasurer May 1, 2007 Forward-Looking Statements Wal-Mart includes the following cautionary statement to take advantage of the safe
More informationFull year results 2006/07. Slides will be available at
Full year results 2006/07 Slides will be available at www.kingfisher.com Gerry Murphy Group Chief Executive 2006/07- Operating highlights UK Market tough, but stabilised in H2 B&Q grew in H2 Good progress
More informationtop line growth was due to an increase in selling space as well as to a 6.21% increase in like-for-like sales.
Press-release Krasnodar March 24, 2016 PJSC Magnit Announces Audited FY 2015 Results Krasnodar, March 24, 2016: PJSC Magnit, Russia s largest retailer (the Company ; MOEX and LSE: MGNT) announces its audited
More informationURBAN DESIGN LONDON TRAINING PROGRAMME UDL are pleased to present our programme for April 2013 to March 2014.
URBAN DESIGN LONDON TRAINING PROGRAMME UDL are pleased to present our programme for April 2013 to March 2014. To help us decide what to focus on we asked our members which subjects they most wanted help
More informationRegional Open Space Conservation Plan. Regional Staff Committee January 18, 2018
Regional Open Space Conservation Plan Regional Staff Committee January 18, 2018 Schedule We are here Task 1 - Stakeholder Input & Work Plan Dev. v z 2016 2017 2018 Oct Nov Dec Jan Feb Mar Apr May Jun Jul
More informationA New Plan For The Calgary Region June calgary.ca call 3-1-1
A New Plan For The Calgary Region June 2009 calgary.ca call 3-1-1 Introduction Since January 2006, The City of Calgary has been actively participating with the member municipalities of the Calgary Regional
More information2013 Annual Stockholders Meeting
2013 Annual Stockholders Meeting AGENDA Operating Environment Financial Performance Mergers and Acquisitions Plans and Prospects Update: Tacloban Store Operations 1 MACROECONOMIC ENVIRONMENT: ROBUST PHILIPPINE
More information2011 Fourth Quarter Results
2011 Fourth Quarter Results February, 2012 INVESTOR RELATIONS Disclaimer The financial information in this document are consolidated earnings results based on K-IFRS. The previous earnings results have
More informationTSR Deal Briefing Note: In Our View Parent: Tyco International Ltd +24.9% (post Spinoff) Mkt Cap: c.$9,839m
Parent: Key Dates: Ratio: Target Price & Risk (Post Spinoff) TYC (ex-spinoff) ADT Target Price $26.56 $44.67 Rating Tyco International Ltd. (TYC) Commercial Security Equipment The ADT Corp. (ADT) Residential
More informationFrance. Analysts Event. 11 June Kingfisher France
France 1 Analysts Event 11 June 2010 Kingfisher France 2 AGENDA Kingfisher France Figures Brico Dépot Castorama Kingfisher France mission 3 Delivering value 7 steps 1. Driving up B&Q UK s profit 2. Exploiting
More informationCompany Presentation. 1H 2014 Results and Performance August 15, 2014
Company Presentation 1H 2014 Results and Performance August 15, 2014 Disclaimer These presentations and/or other documents have been written and presented by Puregold Price Club, Inc. (PGOLD). PGOLD is
More information01 Financial. Performance. Chile & Argentina FINANCIAL PERFORMANCE COSTANERA CENTER RELEVANT ACCOMPLISHMENTS GROWTH
Santiago, Chile 01 Financial Performance Chile & Argentina Chile repeats its positive performance Cencosud Shopping Chile Results by June 30th 2016 2017 REVENUES* (CLP$ BN) TENANT SALES (CLP$ BN) VISITS
More informationSteve Gilman Managing Director - B&Q Asia
Steve Gilman Managing Director - B&Q Asia Vietnam Phillipines Asia is a massive opportunity. Estimated RMI Market Size 60 50 40 30 20 US$bn 10 0 UK Japan China Korea India Turkey Indonesia Malaysia Thailand
More informationSonae SR: International Expansion
Sonae SR: International Expansion JMSB Consulting George Emery Jonathan Suprovici Eliane Roy Cinzia Ruberto Mandate How can Sonae SR expand internationally and become fully profitable by 2017? Where to
More informationAlmacenes Éxito S.A. Consolidated Financial Results 2011
Almacenes Éxito S.A. Consolidated Financial Results 2011 For the second quarter and six-month period ended June 30, 2011 Expansion in intermediate cities: Éxito Yopal store BVC (The Colombian Stock Exchange):
More informationThe ASSA ABLOY Group is the world s leading manufacturer and supplier of locks and associated products, dedicated to satisfying end-user needs for
The ASSA ABLOY Group is the world s leading manufacturer and supplier of locks and associated products, dedicated to satisfying end-user needs for security, safety and convenience. Nine months report 2000
More informationTHE TOWN OF WASAGA BEACH
THE TOWN OF WASAGA BEACH Downtown Development Master Plan Committee of the Whole Presentation January 26 th 2017 Uses within this designation should reflect a dependence on tourism as opposed to the permanent
More informationPreliminary Results 2006/07 20 June 2007
Preliminary Results 2006/07 20 June 2007 John Clare Group Chief Executive Group performance Year of significant change Underlying sales Underlying Like for Like sales Underlying PBT Gross margins down
More informationFollowing is a presentation that is to be given at the Macquarie Australia Conference in Sydney today, Wednesday, 2 May 2018.
2 May 218 The Manager Company Announcements Office Australian Securities Exchange Dear Manager, MACQUARIE CONFERENCE BRIEFING PRESENTATION Following is a presentation that is to be given at the Macquarie
More informationMASTER PLAN KICK-OFF Open House #1A, April 28, 2015
"The beginning is the most important part of the work." Plato, The Republic MASTER PLAN KICK-OFF Open House #1A, April 28, 2015 YOUR CAMPUS PLANNING TEAM Campus Planners Landscape Architects Urban Designers
More informationQ1 Report 2014/ September Klas Balkow CEO
Report 2014/15 10 September 2014 Klas Balkow CEO Agenda 2014/15 Events after period-end Strategic priorities Q&A Store opening in Levanger, Norway, in June 2014 2 High energy and strong position 186 stores
More informationMatas FY/Q4 2016/17 Results
Matas FY/Q4 2016/17 Results Forward Looking Statements This presentation contains statements relating to the future, including statements regarding Matas A/S future operating results, financial position,
More informationDISPOSAL GALERIA KAUFHOF. 15 June 2015
DISPOSAL GALERIA KAUFHOF 15 June 2015 DISCLAIMER AND NOTES To the extent that statements in this presentation do not relate to historical or current facts, they constitute forward-looking statements. All
More informationCOSCO CAPITAL GROUP INVESTOR PRESENTATION FY 2015 RESULTS & PERFORMANCE
COSCO CAPITAL GROUP INVESTOR PRESENTATION FY 2015 RESULTS & PERFORMANCE 1 DISCLAIMER These presentations and/or other documents have been written and presented by COSCO CAPITAL, INC. (COSCO). COSCO is
More informationHalf Year Results 2016 Presentation
Half Year Results 2016 Presentation Agenda Company highlights Financial results nbn operational progress Questions 2016 nbn co limited 2 2020 goals Connect Australia. Close Digital Divide 8 million premises
More informationAcquisition Butler Manufacturing Company
Acquisition Butler Manufacturing Company Presentation to Investors Kirby Adams, CEO & Managing Director 16 February 2004 Acquisition Cost Cash offer of US$22.50 per share Transaction Value US$ Million
More informationInvestor Presentation February 2012
Investor Presentation February 2012 1 Safe Harbor Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Comments made during this presentation include forward-looking statements.
More informationBEST-IN-CLASS PERFORMANCE 2015 Q3 SAME-STORE
REITWorld 2015 PSA SSS PSA SSS CUBE CUBE BEST-IN-CLASS PERFORMANCE 2015 Q3 SAME-STORE 14.0% 12.0% 12.6% 10.0% 8.0% 9.9% 8.4% 8.4% 9.3% 6.0% 6.7% 6.5% 7.4% 4.0% 2.0% 3.0% 1.9% 2.6% 3.2% 0.0% REVENUE EXPENSES
More informationIreland West 2020 A Bright Green Future. Padraic J. Fogarty, BE, LLB, MBA Chartered Engineer, FIEI
Ireland West 2020 A Bright Green Future Padraic J. Fogarty, BE, LLB, MBA Chartered Engineer, FIEI Engineering the West - Challenges Review of Draft Regional Planning Guidelines Conflict Potential of Region
More informationAlmacenes Éxito S.A.
Carulla express Olaya Herrera in Medellín BVC (The Colombian Stock Exchange): ÉXITO ADR Program: ALAXL Medellín, Colombia July 29, 2015 Almacenes Éxito S.A. ( Éxito or the Company ), the largest retail
More informationInvestor Briefing. ADT Caps Acquisition. SK Telecom
ADT Caps Acquisition SK Telecom 208. 5. 8 0 ADT Caps Acquisition Disclaimer This presentation contains forward-looking statements with respect to the results of operations and business of SK Telecom (the
More informationAnalogue to Digital Telecare. Technical Advisory Board. 21 st June 2017 Work Stream 3 Procurement
Analogue to Digital Telecare Technical Advisory Board 21 st June 2017 Work Stream 3 Procurement Euan Kidd Senior Procurement Specialist Euan.kidd@scotland-excel.org.uk 1 Purpose of Work stream 3 - procurement
More informationSchool of Business Investment Program. The Home Depot. September 20, Consumer Discretionary Analyst
September 20, 2018 Taylor Crawford Performance Analyst Theo Harrison Consumer Discretionary Analyst Daniel Hassett Special Events Coordinator Ashley Markow U.S. Economist Table of Contents Investment Thesis
More informationBunnings Warehouse Property Trust. Half-year results 2010/11
Bunnings Warehouse Property Trust Half-year results 2010/11 February 2011 Presentation outline Overview Grant Gernhoefer General Manager Bunnings Property Management Limited Andrew Ross Portfolio Manager
More informationTravis Perkins Plc COMPANY PROFILE AND PERFORMANCE. Travis Perkins plc 12 th January 2006 Slide 1
Travis Perkins Plc COMPANY PROFILE AND PERFORMANCE Travis Perkins plc 12 th January 2006 Slide 1 Travis Perkins Organisational Structure Group CEO Geoff Cooper COO John Carter CFO Paul Hampden Smith Strategy
More informationSteinhoff: is bigger better?
Dirk van Vlaanderen - Associate Portfolio Manager From its humble beginnings in the 1960s - when German founder, Bruno Steinhoff, began sourcing Eastern European furniture for import to Western Europe
More informationLaunch of RMB 4.5 Billion Integrated Riverfront Eco-Neighbourhood in Tianjin Eco-City
Launch of RMB 4.5 Billion Integrated Riverfront Eco-Neighbourhood in Tianjin Eco-City Tianjin/Singapore 20 May, 2010 Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd. () has signed a
More informationFRANCE PARIS REGION OFFICES
FRANCE PARIS REGION OFFICES QUARTER 2 2018 2 Key data 1.3 MILLION M² Take up (H1 2018) 41 TRANSACTIONS Transactions >5,000 m² (H1 2018) 3 MILLION M² Immediate supply 5.6% Vacancy rate 810 Paris CBD Prime
More information4/8/2015 Item #10D Page 1
MEETING DATE: April 8, 2015 PREPARED BY: Christy Villa, Associate Civil Engineer DEPT. DIRECTOR: Glenn Pruim DEPARTMENT: Public Works CITY MANAGER: Larry Watt SUBJECT: NORTH COAST HIGHWAY 101 STREETSCAPE
More informationAriciu Laurentiu Adrian
PERSONAL INFORMATION Ariciu Laurentiu Adrian Romania, Bucharest, 6 th district, Dreptatii street no 14 0040212691226 0040741888544 Mihaela_ariciu@yahoo.com Skype:alariciu Sex Male Date of birth 22/03/1978
More informationAsparagus Response to Water and Nitrogen
Asparagus Response to Water and Nitrogen Item Type text; Article Authors Roth, Robert L.; Gardner, Byrant R. Publisher College of Agriculture, University of Arizona (Tucson, AZ) Journal Vegetable Report
More informationSouth Africa Socio-Economic overview. Ndibu Motaung Head of Research South Africa
South Africa Socio-Economic overview Ndibu Motaung Head of Research South Africa South Africa Snapshot Population: 50,59 million (2011 mid year estimate) Johannesburg major areas population City of Johannesburg
More informationGlobal Water Pipeline Leak Detection System (LDS) Market: Trends, Opportunities and Forecasts ( )
Global Water Pipeline Leak Detection System (LDS) Market: Trends, Opportunities and Forecasts (2015-2020) By Technology Equipment, Inspection Service By Equipment Acoustic, Non Acoustics By Type Continuous
More informationGovernance Arrangements in Commercial City Districts. Some thoughts from the UK
Governance Arrangements in Commercial City Districts Some thoughts from the UK The UK Placemaking and Place Management Journey Street associations - Networking; social; lobbying - Objecting City centre
More informationG4S Investor Presentation John Kenning, Regional CEO, North America. NYC December 2017
G4S Investor Presentation John Kenning, Regional CEO, North America NYC December 2017 G4S Transformation G4S Today Leading global security company: Secure and Cash Solutions Advantages of global scale
More informationAlmacenes Éxito S.A. Consolidated Financial Results 2012
Almacenes Éxito S.A. Consolidated Financial Results 2012 For the quarter and twelve-month period ended December 31, 2012 Surtimax Codito in Bogotá BVC (The Colombian Stock Exchange): ÉXITO ADR Program:
More informationQ4 Report 2013/ June Klas Balkow CEO
Q4 Report 2013/14 11 June 2014 Klas Balkow CEO Agenda Q4 2013/14 Full year 2013/14 Strategic priorities Events after period-end Q&A 2 High energy and strong position 185 stores in 5 countries omni-channel
More informationCONSUMER BRANDS GROUP
CONSUMER BRANDS GROUP AARON M. ERTER PRESIDENT CONSUMER BRANDS GROUP Forward Looking Statement The presentations today will contain certain forward looking statements," as defined under U.S. federal securities
More informationCombination to Create a Leading Commercial Real Estate Credit REIT with Approximately $5.5 Billion in Assets and $3.4 Billion in Equity Value
Colony NorthStar, NorthStar Real Estate Income Trust and NorthStar Real Estate Income II Announce Creation of Colony NorthStar Credit Real Estate, Inc. Combination to Create a Leading Commercial Real Estate
More informationSteinhoff International, MARKUS JOOSTE HISTORY AND DEVELOPMENT OF STEINHOFF
Steinhoff International, MARKUS JOOSTE HISTORY AND DEVELOPMENT OF STEINHOFF WELCOME 2 HISTORY: STEINHOFF INVOLVED IN HOUSEHOLD GOODS TRADING SINCE 1963 1963-1990: Sourcing in the East for the West City:
More informationCredit Suisse Retail Round-Up. December 15, 2009
Credit Suisse Retail Round-Up December 15, 2009 2 Forward Looking Statements The Company claims the protection of the safe-harbor for forward-looking statements contained in the Private Securities Litigation
More informationPreliminary results 2003/04. Slides will be available at
Preliminary results 2003/04 Slides will be available at www.kingfisher.com Sir Francis Mackay Chairman 2003 a landmark year Kesa Electricals demerger completed Non-core disposals completed Home Improvement
More informationKimberly Rollins, Professor, Department of Economics, University of Nevada, Reno
Modeling Multiple Factors of Residential Water Demand to Assess Price and Non-Price Instruments under Climate Change: An Application to Las Vegas, Nevada Kimberly Rollins, Professor, Department of Economics,
More informationFINANCIAL STATEMENTS Stockmann Group 15 February 2017
FINANCIAL STATEMENTS 2016 Stockmann Group 15 February 2017 YEAR 2016: OPERATING RESULT BACK TO PROFIT Gross margin 53.4% (50.6%) Adjusted operating profit, EUR mill. -20.2 (-28.5) Reported operating profit,
More informationDFVA Analyst Meeting 2017
DFVA Analyst Meeting 2017 HORNBACH Holding AG & Co. KGaA September 28, 2017 Frankfurt/Main Page 1 Financial Year 2017/2018 1st Half/2nd Quarter (March August 2017) Page 2 since March 28, 2017 Shareholder
More information