PRESS RELEASE

PRELIMINARY OPERATING PERFORMANCE 2016

Rio de Janeiro, January 17th 2017 Multiplan Empreendimentos Imobilirios S.A. (BM&FBOVESPA:
MULT3) announces the sales and occupancy rate of its shopping centers for 4Q16 and 2016.

Total Sales
2016: Tenant sales reached R$13.7 billion, the highest figure recorded in a year representing a 2.9%
growth over 2015.
The Companys five shopping centers under
consolidation phase, ParkShoppingSoCaerano,

+716

JundiaShopping, ParkShoppingCampoGrande,
VillageMall

and

Parque

Shopping

27,106

+777
+1,675

Macei,

recorded a 6.4% combined sales increase, higher

+13.2%

23,938

than the portfolio average, totaling R$2.4 billion.

Satellite stores reached sales of R$27,106/sq.m.

2013

2014

(equivalent to 723 USD1/sq.f.), representing an

2015

2016

2016

Satellite Stores sales/sq.m. (R$)

in Multiplans shopping centers

accumulated growth of 13.2% since 2013.

4Q16: The quarters sales recorded a 3.0% increase over the same period of the last year, reaching
R$4.4 billion, and maintaining its history of growth in every quarter since the Companys IPO, in 2007.
15
. 0B

+2.9%

14
. 5B

+3.0%
4.2 B

13.7 B

14
. 0B

4.4 B

13
. 5B

13.3 B

13
. 0B

12
. 5B

12
. 0B

4Q15

4Q16

Total Sales (R$) of

Multiplan Shopping Centers

2015

2016

Total Sales (R$) of

Multiplan Shopping Centers

Considers 2016-year average exchange rate of R$3.4820, from January 1st to December 31st, 2016 (Bloomberg).

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PRESS RELEASE
Same Basis Comparison
2016: Same Area Sales (SAS) grew 3.3% in the year,
+1,518

totaling a 14.9% increase since 2013. Same Store Sales

16,864

(SSS) presented an 1.9% growth. Services segment

+528

+460

19,370

2016

2016

+14.9%

presented the highest growth in the period, followed by

Home & Office segment.

2013
12.0%

9.7%

9.5%

9.4%

8.8%

7.7%

7.4%
4Q16: SAS presented
a 2.5% growth
5.7%

8.2% 4Q15,
8.1%

5.8%

highlight that this increase occurred

2015

Same Area Sales Base: 2013 (R$/sq.m./year)

9.3%
8.0%
9.7% compared
9.5% 9.4%
when
to

8.8%
8.8%

while
1.5%.
to
8.5% SSS increased
8.4%It is important
8.3% 9.4%
8.1%
6.8%

2014

6.7%
7.4%
3.9%

7.6%
8.5%
8.1%
on8.2%
top of
strong

12.0%

5.7%
4.2%

7.7%
4.1%

5.7% 2.8%
7.9%
6.1%
8.4%
8.1% 4.3% 1.2%
6.8%
5.8% 2.3%
2.1%
1.6%

8.0%

9.3%

8.8%

3.2% 3.9% 4.2%

2.7%
2.5%
8.3%
0.6%
2.1%
7.6%
2.8%

9.4%
1.6%

1.5%

6.7%
4.1%

3.2%

2.3%
6.1%

2.8
7.9

2Q16
3Q14

3Q1
4Q

performances, considering SSS growths of 7.9% and 2.1%

1Q12

2Q12

3Q12

4Q12

1Q13

2Q13

3Q13

4Q13

in 4Q14 and 4Q15, respectively.

1Q12
Same Area Sales

1Q14
2Q12

2Q14
3Q12

3Q14
4Q14 1Q16
1Q15 2Q16
2Q15 3Q15
4Q15
3Q16 4Q15
4Q161Q16
4Q12 1Q13 2Q13
3Q13
4Q13
1Q14
2Q14
Same Store Sales
Same Area Sales

SAS and SSS Evolution (year/year)

Turnover
In 2016, turnover represented 5.1% of the portfolios Gross Leasable Area (GLA). Even in a more
challenging outlook, 375 new contracts were signed in the year. The spread between SAS and SSS was
1.4%, remaining stable when compared to 2015 and highlighting the positive impact of the Companys
5.2% 5.1%

5.1%

constant mix-change.

4.8%

5.0%

4.3%

5.2%

5.1%
35,438
31,003
35,438

31,003

2.1%

4.8%
34,001

36,491
4.3%

34,001 30,727 2.5%

30,727
1.9%

5.5%

1.7%

4.5%

4.0%

5.1%

5.0%
3.5%

36,491

3.0%

4.0%

1.1%

2.5%
2.0%
1.5%

20152015
2016

Turnover GLA (m)

Turnover (%)
Vacancy (%)

1.4%

3.5%

1.0%

2013 2013 2014

2012
2014

1.5%

4.5%

3.0%
2.5%

0.5%
0.1%

2.0%

1.3%

2012

5.5%

2016

1.5%
1.0%

2012

2013

2014

2015

2016

SAS and SSS Spread (%)

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PRESS RELEASE

The chart below indicates the composition of the 36,491 sq.m. turned over throughout the year.
Consumers convenience and experience were again improved by increasing the GLA of Food Court &
Gourmet Area and Miscellaneous segments and decreasing the area destined to Apparel and Home &
Office segments.
48.6%

Out
33.1%

In
Food Court &
Gourmet Area
11.2%

30.3%

Home &
Office
8.5%
Apparel
35.9%

25.3%
15.5%

18.8%
11.4%
5.8%

5.7% 5.5%

Apparel

Food Court &

Gourmet Area

Miscellaneous

Services

Home & Office

Miscellaneous
21.3%
Services
23.1%

Turnover composition of the 36,491 sq.m. in 2016, by segment

Store Segment GLA Distribution Dec-16

Occupancy Rate
97.3%

97.9%

97.6%

97.4%

year, with an average of 97.5%.

98.0%

2016: Multiplans portfolio maintained a high occupancy rate in the

4Q15

1Q16

2Q16

3Q16

4Q16: The Company recorded a 97.3% average occupancy rate

in the quarter, while in December 2016 it reached 97.4%, remaining
in line with the rate reported in 3Q16.

4Q16

Occupancy rate in Multiplans

shopping centers last five quarters

Disclaimer: The information included in this report are preliminary and can be modified without previous notice. The company has no
obligation to update 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
Phone: +55 21 3031-5200
Fax: +55 21 3031-5322

Address: Av. das Amricas, 4,200 Bloco 2 Sala

501 Barra da Tijuca Rio de Janeiro
CEP: 22640-102

e-mail: ri@multiplan.com.br

website: ir.multiplan.com.br

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