Multiplan held its 2022 Public Meeting on December 7, an annual encounter of executives with shareholders and financial market analysts, conducted by the Vice President of Finance and Investor Relations, Armando d'Almeida Neto.
Among the highlights presented, the Company showed, in the first 11 months of 2022 compared to the same period of 2019, an increase of 22.5% in total sales, 37.2% in same store sales (SSS) and 44.4% in same store rentals (SSR).
Following this trend, in the last 12 months until September 2022 several indicators showed record growth compared to the same period in 2021: 50.5% in net operating income (NOI), 76.6% in EBITDA, 69.0% in operating cash flow (FFO) and 92.5% in Net Income.
Multiplan reached its lowest leverage level in ten years, excluding the sale of Diamond Tower in the third quarter of 2020. The ratio between net debt and Ebitda was 1.72 times in the third quarter of this year, compared to a leverage ratio of 2.05 times at the end of the second quarter. In October 2022, the Company announced the settlement of its 11th debenture issue, in the amount of R$300 million at a rate of CDI+1.20 p.a.
This year, another reason to celebrate was Multiplan's 15-year listing anniversary on the Brazilian Stock Exchange. Since 2007, the company increased its gross leasable area (GLA) by 534,000 m², concluded 54 projects - such as acquisitions of stakes, expansions, inaugurated shopping centers and towers built - and was recognized by the market and the society through several awards. The Company's financial indicators presented a significant growth in the last 15 years (12 months Sep/22 vs. 12 months Sep/07): 456% in net revenue, 670% in EBITDA, 625% in NOI, 3.169% in FFO and 21.011% in net income.
During the meeting, Armando thanked investors, analysts and tenants: ¨I am very grateful for this partnership, without your support our projects would not be possible. The changes that are taking place at Multiplan are the result of a dream shared and planned by all of us," said the Vice President in his speech.
Watch the Public Meeting in full
Click here to access the presentation.
Other highlights:
Best Shopping Center Project
ParkJacarepaguá, which celebrated its first anniversary in November, was the big winner in the category "Best Shopping Center Project" in the GRI Awards 2022, which highlights the most important real estate projects in Brazil. Designed in line with the “shopping of the future" concept and built with the most modern sustainable technologies, ParkJacarepaguá also helps job and income generation and development of the surrounding region. Recently, ParkJacarepaguá inaugurated the Magic Park, with an innovative environment that brings together technology and amusement in a playful and inclusive space, full of sensory adventures. The park promises to surprise its visitors.
Golden Lake
The Company also presented the pre-launch of Lake Eyre - the second phase of the Golden Lake development. This fresh news is the result of the good results of the first phase of Golden Lake - Porto Alegre's first private neighborhood - which reached the mark of 54.6% of its private area sold by October 31, 2022. The innovative development has shown significant progress in some of the project's main landmarks, such as the Main Lake and the tennis courts. The Main Lake, a navigable body measuring some 5,000 square meters in the central area of the project, was officially opened on November 5.
ESG Initiatives
Other topics addressed during the public meeting were Multiplan's ESG initiatives, which continue to create value for shareholders and society. The Company understands that environmental initiatives that encompass biodiversity, climate change, green buildings, renewable energy and water conservation make the Company even more efficient. The initiatives that prioritize positive social impact are investments in the well-being of customers and tenants. The actions focused on governance, which aim to develop and promote transparency and ethics, help to mitigate risks.
Digital Innovation
With more than 3 million accumulated downloads, Multi, the super application of Multiplan's shopping centers, continues to show consistent growth. The app more than doubled the number of unique users and was close to tripling the number of times it was accessed and used in the third quarter of this year, when compared to the same period last year. Currently, the app has a score of 4.9 out of 5 in the app stores, showing customer satisfaction, and has the highest number of downloads in the Brazilian shopping mall industry.
