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    CENCOSUD   CL0000000100

CENCOSUD S.A.

(CENCOSUD)
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Cencosud S A : Announces IPO for Brazilian Subsidiary

11/30/2020 | 08:41am EDT

CENCOSUD ANNOUNCES THE IPO PROCESS OF ITS BRAZILIAN

SUBSIDIARY

Santiago, November 27th, 2020. - Today, Cencosud´s Board of Directors agreed to start the initial public offering process (IPO) of a minority stake of Cencosud's Brazilian subsidiary on the Bovespa Stock Exchange.

The funds will be used to strengthen the organic growth and expansion of the supermarket operation in Brazil, with a preliminary timing between March and June 2021.

For these purposes, the company has defined ITAU BBA S.A Bank as the leading bank of the operation, which will be accompanied by Bank of America and JP Morgan as advisors and coordinators of the process. In addition, Bradesco Bank BBI of Brazil will be part of the bank syndicate.

For more details on the Brazilian operation in recent years, please visit the Cencosud website http://investors.cencosud.com/English/investor-overview/

Here is a summary of the most relevant figures:

SALES (MM CLP)

M CLP

REVENUES

1Q

2Q

3Q

4Q

TOTAL

2018

351,359,883

330,700,941

307,730,167

368,139,933

1,357,930,924

2019

332,468,924

334,750,965

324,184,857

384,872,724

1,376,277,470

2020

352,798,792

311,357,736

303,664,399

-

EBITDA (MM CLP)

M CLP

EBITDA

1Q

2Q

3Q

4Q

TOTAL

20181

864,921

9,030,369

7,014,080

14,201,452

31,110,822

2019

12,219,385

12,498,753

12,407,152

13,913,784

51,039,074

2020

17,647,865

25,595,596

24,129,295

-

SSS

%

SSS

1Q

2Q

3Q

4Q

2018

-0.7%

1.6%

-1.6%

1.4%

2019

-2.0%

-0.2%

-2.0%

0.6%

2020

4.0%

9.7%

14.2%

-

1 *2018 EBITDA includes an estimation of the amount associated to IFRS16.

STORES / GLA (SQ2)

BRAZIL

N° of Stores

Total Sales Area (SQ2)

2018

2019

2020

2018

2019

2020

Gbarbosa

78

78

78

197,501

197,501

193,476

Bretas

79

81

80

239,113

245,138

214,663

Prezunic

31

30

30

83,825

80,702

76,822

Mercantil

8

8

8

36,425

36,425

35,610

Perini

5

5

5

6,701

6,701

6,799

Total Híper and Súper

201

202

201

563,565

566,466

527,370

Total Other Formats

145

145

140

21,667

21,374

17,077

TOTAL

346

347

341

585,232

587,840

544,447

Investor Relations Contact:

Marisol Fernandez: mariasoledad.fernandez@cencosud.cl

Mafalda Torres: mafalda.torres@cencosud.cl

Olivia Tafra: mariaolivia.tafrarioja@cencosud.cl

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Cencosud SA published this content on 27 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2020 13:40:05 UTC


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Sales 2021 9 854 B 12 840 M 12 840 M
Net income 2021 281 B 366 M 366 M
Net Debt 2021 1 668 B 2 173 M 2 173 M
P/E ratio 2021 14,4x
Yield 2021 1,46%
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EV / Sales 2021 0,57x
EV / Sales 2022 0,55x
Nbr of Employees 115 359
Free-Float 47,9%
Chart CENCOSUD S.A.
Duration : Period :
Cencosud S.A. Technical Analysis Chart | CENCOSUD | CL0000000100 | MarketScreener
Technical analysis trends CENCOSUD S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 1 410,00 CLP
Average target price 1 625,00 CLP
Spread / Average Target 15,2%
EPS Revisions
Managers and Directors
Matias Sola Videla Chief Executive Officer
Horst Paulmann Kemna Chairman
Mario Valcarce Durßn Independent Director
Heike Paulmann Koepfer Director
Peter Paulmann Koepfer Director
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