ALIANSCE SONAE: consistent performance boosts results | PR Newswire

RIO DE JANEIROBrazil , August 10, 2022 /PRNewswire/ — Aliansce Sonae SA Shopping Centers (B3: ALSO3), one of the largest owners and operators of shopping centers in Brazilannounces results for the second quarter of 2022 (2Q22).

2Q22 Highlights

Alliancesce Sonae and brMalls business combination approved. Shareholders of both companies overwhelmingly approved the business combination. The deal is under review by CADE, and Bain & Co. has already been hired to work on the integration process.

Liberation of Uberlândia Shopping. The contract for the sale of Uberlândia Shopping was signed with an additional valuation for the company. The shopping center was already part of the sales pipeline of Aliansce Sonae.

Guide to Shopping El Dorado. The contract was signed for the management of Shopping Eldorado, which has a corresponding presence in the capital city of São Paulo. This transaction confirms the thesis of Aliansce Sonae on synergy and commercial leverage as one of the pillars of the rationale for the merger with brMalls.

Sales were up 21% compared to Q2 2019. Sales achieved R$ 2.9 billion in 2Q22, up 46% and 21% compared to 2Q21 and 2Q19, respectively.

SSR reaches 38%. The efficiency of the indicator in the 2nd quarter of 2012 results from the consistent recovery of activity in the company’s shopping centers and the corresponding reduction in discounts. Rental discount rates hit lowest level since 4Q19 SSR net of discounts was 31% in 2Q19.

High occupancy rate of 96.7%. Commercial demand for space in Aliansce Sonae shopping centers remains strong, with 173 new contracts signed in 2Q22. Leasing activity was even higher than in 4Q21.

Growth in EBTIDA and AFFO. EBTIDA and AFFO grew 12% and 3%, respectively, in 2Q22 vs. 2Q19. On a pro forma basis, EBITDA increased by 16%. Treating the brMalls equity investment as cash, AFFO would report a 16% increase over 2Q19.

Alliancesce Sonae joins the UN Global Compact. Aliansce Sonae has reached another important milestone in its journey towards sustainable development and made a public commitment by joining the UN Global Compact.

For the full Q2 2022 earnings report, please visit https://ri.alianscesonae.com.br/en

Alliancesce Sonae will host its conference call and webcast August 11thousandat 14:00 BRT (in English). To access the call, dial +1 (412) 717-9627 / +55 11 3181-8565 / +55 11 4090-1621, code “Aliansce Sonae”. Webcast is available at https://ri.alianscesonae.com.br/en

For more information, please contact Daniella Guanabara, IRO, at + 55 21 2176-7272 or ri@alianscesonae.com.br

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SOURCE Aliansce Sonae Shopping Centers

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