GP in the real estate market

Size: px
Start display at page:

Download "GP in the real estate market"

Transcription

1 GP in the real estate market GP Investments unique accumulated experience in different segments of the real estate industry gives the Company an important competitive advantage for capturing new opportunities in this space. Our successful story in the sector began in 1997 with the acquisition of Gafisa, a respected company and one of the leaders in the residential real estate segment, firmed up in 2006 into BRMalls, which became the largest integrated shopping mall company in Brazil, and continued through more recent investments. 20% OF THE BRAZILIAN SHOPPING MALLS ARE CONTROLLED BY THREE COMPANIES, COMPARED TO A WORLD AVERAGE OF 50%. BRMALLS IS THE LARGEST IN THE SECTOR, WITH 40 SHOPPING MALLS AND FIVE EXPANSION PROJECTS. The current portfolio includes BR Properties (acquisition, management, development and rental of commercial real estate) and BHG Brazilian Hospitality Group (acquisition, development and management of hotels, focused on business tourism). These are companies that have shown significant progress since we made the investment and should continue to deliver high growth rates going forward based on consolidation opportunities, asset stabilization and on the strength of the Brazilian economy, which should require consistent investments in those fields.

2 Gafisa: Evolution of Units Sold ( 000) Claudio Bruni BR Properties CEO Carlos Medeiros BRMalls CEO The good results reflect GP s particular way of qualifying the management of the companies. The essential things are properly put in place, and that is where GP s experience comes in play, is how Claudio Bruni, CEO of BR Properties, describes it. Right from the start, we have had the monitoring and dedication of the partners, pointing out the correct path to take, advising us on strategic actions and, at the same time, providing us with lots of freedom to run the company in our own special way, he adds. Peter Vader, CEO of BHG, reinforces this thought: Moreover, GP encourages us to set more ambitious targets, something that is of immeasurable value when it comes time to achieving results. The main aspect is the management model, says Carlos Medeiros, one of GP Investments partners, who was responsible for the development of Gafisa and also has been the CEO of BRMalls ever since the company was acquired in We combine challenging targets, disciplined execution and aggressive compensation for the main executives in an environment that stimulates teamwork, performance excellence and consistent achievement of long-term results, he says. Having the partner participate in the management of the company brings another perspective to the table, because it joins up the vision of the investor with that of the entrepreneur, he believes.

3 BR Properties: Evolution of Properties and GLA GLA (thousand sq.m) Number properties , ,000 3,500 2,000 3,000 2, ,000 1,500 1,000 1, BRMalls: Evolution of Malls and GLA GLA (thousand sq.m) Number of malls ,036 1, Combined experience in all segments of the real estate market BRMalls has stakes in about 40 malls focused on consumers from all social classes, and is the only shopping mall company with a presence in all five regions of Brazil. It grew very quickly, combining an aggressive acquisition strategy with the development of new projects a break with the traditional dynamics of the sector, which had primarily and almost exclusively focused on real estate development until then. GP s divestment process occurred in three stages and was concluded in January 2010, after the company went public on the BM&FBovespa in ,000 m 2 of new properties should enter the market in São Paulo by BR Properties is the leader of its segment. For its part, BR Properties, which was founded in 2007, debuted in the Brazilian stock exchange at the beginning of 2010 a year in which it doubled in size. It was a period of fantastic acquisition opportunities, consolidation of portfolios and projects, says Claudio Bruni. Another indication of the company s potential, according to him, was how it has accessed the international debt market, through a US$200 million issuance of perpetual notes.

4 4,000 GUEST ROOMS WILL BE BUILT BY BHG IN 30 BRAZILIAN CITIES THROUGH AN AGRESSIVE DEVELOPMENT AND CONSTRUCTION PROCESS OVER THE NEXT FIVE YEARS. BR Properties operations include office space, industrial warehouses and retail locations, centered in Rio de Janeiro, São Paulo, Minas Gerais and Paraná, states that concentrate 60% of Brazil s GDP. Claudio recalls that BR Properties widely exceeded the targets that had been established by GP and the six co-investors who supported the creation of the company. Our plan was to invest R$600 million through 2008, but we reached this amount one year before. And we ended 2010 with R$4.8 billion in assets and a market cap of R$2.6 billion. GP conducted a partial divestment in the company through block trades conducted on the BM&FBovespa between December 2010 and April In the hotel segment, BHG is notable for a strategy that is centered on the business travel segment. Its portfolio includes hotels in urban centers of over 250,000 inhabitants, which attract business travelers. The premises are 3-, 4- or 5-stars, with the flexibility to move in category depending upon the economic moment. BHG quickly became the third largest in the sector in Brazil, with more than 6,000 rooms under management. One of our competitive advantages is to couple hotel management with ownership; we are the only company in the sector that does both, says CEO Peter Vader. Growth has been supported through a combination of hotel acquisitions, management of third-party assets and greenfield projects. BHG: Evolution of Hotels and Rooms 2, Number of rooms Number of hotels 4, , Peter Vader BHG s CEO 5,

5 Expansion Dynamics In the view of the three executives, the next few years should see the same market growth dynamics, with major consolidation opportunities and few really active competitors, all taking place within a favorable Brazilian economic scenario. They identify the availability of additional funding for commercial properties to be among the main challenges for the future in view of the fact that real estate credit tends to be directed to housing construction. The outlook for an increase in real interest rates makes this a more critical aspect; however, at the same time, it creates new business opportunities. Such a scenario encourages property owners to sell their businesses and that represents an additional advantage for well-managed and focused groups. According to Claudio Bruni, the commercial real estate segment is undergoing a very positive moment, mainly in São Paulo and Rio de Janeiro, with vacancy rates under 5% overall and nearly zero in Rio de Janeiro. The projects that are on the drawing board for the next few years are insufficient to satisfy demand, which should drive real estate rental and sales prices up higher. In this scenario, BR Properties will continue investing primarily in existing properties, with aggressive targets for generating business opportunities. The team is perfectly aligned and we have a very significant growth plan in place, Claudio Bruni says. In the hotel sector, the growth stems from the greater mobility of the local population. In Peter Vader s view, the market will not be able to substantially increase the number of guest rooms available in the next five years, which should translate into an increase in the average daily room rate. According to Peter, the commitment is to properly capitalize BHG, manage the company adequately and prioritize achieving low costs and maximized results.

6 Accumulated expertise Gafisa: Revenues increased by 19 times between the initial investment in 1997 and the divestment of the company in 2007, providing a 6.3x return on capital invested. BRMalls: Only six months after being acquired by GP, the company concluded an IPO, raising R$657 million, the equivalent to 2.5x the initial investment. EBITDA increased 6 times between 2006 and In January 2010, the remaining stake was sold, resulting in a return rate of 47% (in US$) and a 3.2x multiple on invested capital slightly more than three years after the original investment. BR Properties: In three years, it became the largest commercial real estate company in Brazil, with a portfolio valued at R$4.8 billion. Partial divestments resulted in a 29% IRR. BHG: Focusing on business tourism, BHG quickly became the third largest hotel chain in the country.

Good morning. I will read you a brief message from our CEO, José Isaac Peres, to you.

Good morning. I will read you a brief message from our CEO, José Isaac Peres, to you. Good afternoon. Welcome, everyone, to s 4Q07 earnings conference call. Today with us we have Mr. José Isaac Peres, CEO; Mr. Armando d Almeida Neto, CFO and IRO; Mr. Marcello Barnes, Development Officer;

More information

So, now I would like to pass the floor to Mr. Carlos Medeiros. Mr. Carlos, you have the floor.

So, now I would like to pass the floor to Mr. Carlos Medeiros. Mr. Carlos, you have the floor. Operator: Good Morning. Welcome to conference call on the results of the 1Q07. Today we have here with us Mr. Carlos Medeiros, CEO, and Mr. Leandro Bousquet, CFO and IR Officer. We inform you that the

More information

INTERNATIONAL CONFERENCE CALL ABOUT GENERAL SHOPPING BRASIL S FIRST QUARTER 2009 EARNINGS May 15, 2009

INTERNATIONAL CONFERENCE CALL ABOUT GENERAL SHOPPING BRASIL S FIRST QUARTER 2009 EARNINGS May 15, 2009 INTERNATIONAL CONFERENCE CALL ABOUT GENERAL SHOPPING BRASIL S FIRST QUARTER 2009 EARNINGS May 15, 2009 Operator: Ladies and gentlemen, thank you for standing by. This is General Shopping Brasil s conference

More information

How To Perform Well In The Second Quarter Of 2012

How To Perform Well In The Second Quarter Of 2012 2Q12 Earnings Conference Call August 15 th, 2012 GP Investments presents its private equity results excluding non-controlling interests to reflect the participation of GP Investments as a Limited Partner

More information

Now, I will turn the conference over to Mr. Henrique Cordeiro Guerra, who will start the presentation. Mr. Henrique, you may begin the conference.

Now, I will turn the conference over to Mr. Henrique Cordeiro Guerra, who will start the presentation. Mr. Henrique, you may begin the conference. Good morning ladies and gentlemen. At this time we would like to welcome everyone to the Aliansce s 2Q15 earnings conference call. Today with us, we have Mr. Henrique Cordeiro Guerra, Executive Director,

More information

Second Quarter Results

Second Quarter Results Hemisphere São Paulo, SP, Brazil Launched in June 2008 Second Quarter Results August 15, 2008 1 Praça das Águas São Paulo, SP, Brazil Launched in May 2008 Second Quarter 2008 Highlights for the Year Elie

More information

JHSF at a Glance. Leadership Across all Business Segments. Real Estate Development. Real Estate Development. Shopping Malls and Office Rentals

JHSF at a Glance. Leadership Across all Business Segments. Real Estate Development. Real Estate Development. Shopping Malls and Office Rentals Disclaimer This material is a presentation of general background information about JHSF Participações S.A. ( JHSF") as of the date of this presentation. Information contained herein has been summarized

More information

Investor Relations May 2016. Project: 701 Praças da Lapa

Investor Relations May 2016. Project: 701 Praças da Lapa Investor Relations May 2016 Project: 701 Praças da Lapa Even 2 Over 40 years of history... 2006 Acquisition of interest by Spinnaker 1974 abc investmob is founded 1999 ISO 9000 Certification ERP system

More information

Earnings Release. Investor Relations HIGHLIGHTS. Brasil Insurance discloses its 4Q10 results

Earnings Release. Investor Relations HIGHLIGHTS. Brasil Insurance discloses its 4Q10 results Investor Relations Bruno Padilha de Lima Costa Investor Relations Officer (55 21) 3433-5060 ri@brasilinsurance.com.br 4Q10 Earnings Conference Call Thursday, March 31, 2010 Portuguese 10:00 a.m. (BR);

More information

Conference Call Transcript 2Q07 Results Brascan August 13 th, 2007

Conference Call Transcript 2Q07 Results Brascan August 13 th, 2007 Operator: Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everybody to s 2Q07 results conference call. Today with us we have Mr. Marcos Levy, CEO,

More information

2Q07 Results Conference Call. August 16, 2007 I SÃO PAULO

2Q07 Results Conference Call. August 16, 2007 I SÃO PAULO 2Q07 Results Conference Call August 16, 2007 I SÃO PAULO Speakers Cesar Augusto R. Parizotto CEO Marco Antonio R. Parizotto Commercial Vice President Antonio Henrique Neves Commercial Vice-President Ricardo

More information

Now, I will turn the conference over to the CEO, Mr. Carbonari, who will begin the presentation. Mr. Carbonari, you may begin your conference.

Now, I will turn the conference over to the CEO, Mr. Carbonari, who will begin the presentation. Mr. Carbonari, you may begin your conference. Operator: Good morning, ladies and gentlemen. At this time we would like to welcome everyone to Anhanguera Educacional s 1Q07 results conference call. Today with us we have Mr. Antonio Carbonari, CEO;

More information

JHSF Participações S.A. JHSF3

JHSF Participações S.A. JHSF3 JHSF Participações S.A. JHSF3 Disclaimer Management makes forward-looking statements concerning future events that are subject to risks and uncertainties. These statements are based on its beliefs and

More information

Conference Call Transcript 3Q07 Results November 13 th, 2007

Conference Call Transcript 3Q07 Results November 13 th, 2007 Good afternoon, welcome everyone to TECNISA 3Q07 earnings conference call. Today with us we have Mr. Meyer Joseph Nigri, CEO, and Mr. Leonardo Paranaguá, CFO and Investor Relations Officer. Today s live

More information

Aliansce Day Presentation

Aliansce Day Presentation Aliansce Day Presentation 2012 Our Portfolio Mature Assets (More than 5 years of operating history) New Generation Assets (Malls with less than 5 years of operating history) Next Generation Assets (Assets

More information

1Q06 Earnings Results Conference Call

1Q06 Earnings Results Conference Call 1Q06 Earnings Results Conference Call 0 Forward Looking Statements Notice Information and Outlook The material shown is a presentation of general information about Rossi Residencial S.A. s record until

More information

LOCAMERICA USED CARS REVENUE

LOCAMERICA USED CARS REVENUE LOCAMERICA Locamerica is a company that specializes in customized car rental fleets for business. Our car rental company has been in the market since 13. Now we occupy the second place in the Brazilian

More information

2014 ASIA PACIFIC OUTLOOK. China still led the economic growth in 2013 with the Philippines at second. Source: Jones Lang La Salle

2014 ASIA PACIFIC OUTLOOK. China still led the economic growth in 2013 with the Philippines at second. Source: Jones Lang La Salle 2014 ASIA PACIFIC OUTLOOK China still led the economic growth in 2013 with the Philippines at second. Source: Jones Lang La Salle 2014 MAKATI RESIDENTIAL MARKET CBD.BONIFACIO GLOBAL CITY.ORTIGAS Rank 4

More information

BRAZIL. 2013 was a slow year in Brazil with just over 2% GDP growth.

BRAZIL. 2013 was a slow year in Brazil with just over 2% GDP growth. BRAZIL 2013 was a slow year in Brazil with just over 2% GDP growth. Compared to 2012, however, Brazilian businesses were better able to anticipate market conditions and respond accordingly. As a result,

More information

Good morning, this is Jose Velez, CEO of Cementos Argos. I am joined by Mr. Ricardo Sierra, CFO and Maria Clara Aristizabal, Assistant to the CEO.

Good morning, this is Jose Velez, CEO of Cementos Argos. I am joined by Mr. Ricardo Sierra, CFO and Maria Clara Aristizabal, Assistant to the CEO. CONFERENCE CALL SCRIPT CEMENTOS ARGOS FIRST QUARTER RESULTS 2009 Good morning, this is Jose Velez, CEO of Cementos Argos. I am joined by Mr. Ricardo Sierra, CFO and Maria Clara Aristizabal, Assistant to

More information

Trading update Q1 2016

Trading update Q1 2016 Trading update Q1 2016 NSI N.V. Highlights Strategie NSI further increased its portfolio focus on the Dutch office market in the 1st quarter of 2016: Sale of almost entire industrial buildings portfolio

More information

Compensation Survey Presidents and Executive Officers Brazil 2014

Compensation Survey Presidents and Executive Officers Brazil 2014 Compensation Survey Presidents and Executive Officers Brazil 2014 1 Index Presentation Methodology Highlights Benefits Other Benefits Classification of Hire D&O Insurance President Finance Director Commercial

More information

Now, I will turn the conference over to Mr. Mario Ghio, CEO. Mr. Ghio, you may begin your conference.

Now, I will turn the conference over to Mr. Mario Ghio, CEO. Mr. Ghio, you may begin your conference. Operator: Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to Abril Educação Earnings Conference Call. The presentation of the results for

More information

Credit Suisse II Brazil Construction & Mortgage Field Trip. August 30th, 2007 SÃO PAULO

Credit Suisse II Brazil Construction & Mortgage Field Trip. August 30th, 2007 SÃO PAULO Credit Suisse II Brazil Construction & Mortgage Field Trip August 30th, 2007 SÃO PAULO Speakers Cesar Parizotto CEO Marco Parizotto Commercial Vice-president Ricardo Perpetuo CFO and IRO 2 Agenda Chapter

More information

The Healthcare market in Brazil

The Healthcare market in Brazil www.pwc.com.br The Healthcare market in Brazil Brazilian Healthcare market: one of the most promising and attractive in the world Context Fifth largest country in area and population, with 8.51 million

More information

Labs D Or Acquisition

Labs D Or Acquisition FLRY3 IBGC 2010 Corporate Governance Award Listed Companies IBGC - Brazilian Institute of Corporate Governance Labs D Or Acquisition TODOS OS DIREITOS RESERVADOS 2011 2 Disclaimer This document contains

More information

Urban Office and Hotel Curitiba RESULTS 1Q13. May 14, 2013

Urban Office and Hotel Curitiba RESULTS 1Q13. May 14, 2013 Urban Office and Hotel Curitiba RESULTS May 14, 2013 Duo Concept Porto Alegre Results Introduction Elie Horn Operating Results Raphael Horn Financial Results José Florêncio Rodrigues Highlights Gross Margin

More information

Prologis Announces Fourth Quarter and Full Year 2013 Earnings Results

Prologis Announces Fourth Quarter and Full Year 2013 Earnings Results January 30, 2014 Prologis Announces Fourth Quarter and Full Year 2013 Earnings Results - Leased record 43.7 million square feet in Q4 and 152 million square feet in 2013 - - Occupancy increased to 95.1

More information

First Half 2014 Media and Analyst Briefing August 2014

First Half 2014 Media and Analyst Briefing August 2014 First Half 2014 Media and Analyst Briefing August 2014 Php Bn Php Bn Profitability REVENUES NET INCOME 300.0 250.0 25.0% 20.0% 30.0 25.0 15.1% 16.3% 11.2% 16.4% 20.0% 15.0% 10.0% 200.0 150.0 100.0 13.0%

More information

RETAILING AND SERVICES INDUSTRIAL OPERATIONS AREA 2 MANAGEMENT SECTOR 2. SHOPPING CENTERS Significance and Recent Strategies

RETAILING AND SERVICES INDUSTRIAL OPERATIONS AREA 2 MANAGEMENT SECTOR 2. SHOPPING CENTERS Significance and Recent Strategies RETAILING AND SERVICES INDUSTRIAL OPERATIONS AREA 2 MANAGEMENT SECTOR 2 SHOPPING CENTERS Significance and Recent Strategies The shopping center has become a global phenomenon that has changed the structure

More information

Land Advisory Group Specialized Real Estate Services

Land Advisory Group Specialized Real Estate Services COLLIERS INTERNATIONAL Land Advisory Group Specialized Real Estate Services Accelerating success. Colliers International Land Advisory Group P. 1 This document has been prepared by Colliers International

More information

AN ANALYSIS OF THE PRIVATE EQUITY AND VENTURE CAPITAL INVESTMENTS IN BRAZILIAN COMPANIES IN THE LAST 30 YEARS. Insper-Spectra Analysis - October 2014

AN ANALYSIS OF THE PRIVATE EQUITY AND VENTURE CAPITAL INVESTMENTS IN BRAZILIAN COMPANIES IN THE LAST 30 YEARS. Insper-Spectra Analysis - October 2014 AN ANALYSIS OF THE PRIVATE EQUITY AND VENTURE CAPITAL INVESTMENTS IN BRAZILIAN COMPANIES IN THE LAST 30 YEARS Insper-Spectra Analysis - October 2014 This report presents an overview of Brazilian Private

More information

Material Fact. São Martinho acquires stake in Santa Cruz and Agropecuária Boa Vista

Material Fact. São Martinho acquires stake in Santa Cruz and Agropecuária Boa Vista Material Fact São Martinho acquires stake in Santa Cruz and Agropecuária Boa Vista São Paulo, October 31, 2011 - São Martinho S.A. (BM&FBovespa: SMTO3; Reuters: SMTO3 SA and Bloomberg: SMTO3 BZ), one of

More information

3Q07 RESULTS CONFERENCE CALL November 14, 2007

3Q07 RESULTS CONFERENCE CALL November 14, 2007 3Q07 RESULTS CONFERENCE CALL November 14, 2007 Presenters Jorge Cury Chief Executive Officer Marco Mattar Chief Financial Officer and Technical Officer Rebeca Ouro-Preto Investor Relations Officer Main

More information

BM&FBOVESPA safeguards trading platforms with CA Service Assurance solutions

BM&FBOVESPA safeguards trading platforms with CA Service Assurance solutions CUSTOMER SUCCESS STORY BM&FBOVESPA safeguards trading platforms with CA Service Assurance solutions CUSTOMER PROFILE Industry: Financial services Company: BM&FBOVESPA Employees: 1,400-plus Revenue (2010):

More information

FLRY3. June, 2011. IBGC s 2010 Corporate Governance award in the category for listed companies. IBGC - Brazilian Institute of Corporate Governance

FLRY3. June, 2011. IBGC s 2010 Corporate Governance award in the category for listed companies. IBGC - Brazilian Institute of Corporate Governance FLRY3 IBGC s 2010 Corporate Governance award in the category for listed companies IBGC - Brazilian Institute of Corporate Governance June, 2011 TODOS OS DIREITOS RESERVADOS 2010 Our business A Medical

More information

BTG PACTUAL CONFERENCE SÃO PAULO FEBRUARY, 2015

BTG PACTUAL CONFERENCE SÃO PAULO FEBRUARY, 2015 BTG PACTUAL CONFERENCE SÃO PAULO FEBRUARY, 2015 OPERATING RESULTS CYRELA S LAUNCHES R$ 2,260 million in 4Q14 vs. R$ 2,695 million in 4Q13. R$ 5,848 million in 2014 vs. R$ 6,646 million in 2013. In 2014,

More information

1Q10 CONFERENCE CALL TRANSCRIPTION

1Q10 CONFERENCE CALL TRANSCRIPTION Good morning, welcome everyone to Camargo Corrêa Desenvolvimento Imobiliário s first quarter of 2010 results conference call, released yesterday, May 1st. Today with us we have Mr. Francisco Sciarotta

More information

Successful Strategy Business Portfolio Ensures Results. Mr. Fernando Henrique Schüffner Neto Chief Officer for Business Development

Successful Strategy Business Portfolio Ensures Results. Mr. Fernando Henrique Schüffner Neto Chief Officer for Business Development Successful Strategy Business Portfolio Ensures Results Mr. Fernando Henrique Schüffner Neto Chief Officer for Business Development 1 Disclaimer Some statements and estimates in this material may represent

More information

Moroccan Investment Development Agency Investment projects bank

Moroccan Investment Development Agency Investment projects bank Moroccan Investment Development Agency Investment projects bank Project Teaser : Construction of a commercial complex in Casablanca AMDI 2013 All data on this document have been provided by the projects

More information

TO OUR SHAREHOLDERS A MESSAGE FROM THE CEO. shareholders equity ratio and ROE both rose to over 10%.

TO OUR SHAREHOLDERS A MESSAGE FROM THE CEO. shareholders equity ratio and ROE both rose to over 10%. TO OUR SHAREHOLDERS A MESSAGE FROM THE CEO During the fiscal year ended March 31, 2004, attained record-high total revenues, income before income taxes, and net income. We also made steady progress in

More information

Now, I ll turn the conference over to Mr. Bernardo Hees, who will start the presentation. Mr. Hees, you may begin the conference

Now, I ll turn the conference over to Mr. Bernardo Hees, who will start the presentation. Mr. Hees, you may begin the conference Operator: Good morning ladies and gentlemen. At this time we would like to welcome everyone to América Latina Logística () s 2Q06 results conference call. Today with us we have Bernardo Hees the CEO; and

More information

São Carlos Empreendimentos. Ticker BM&F Bovespa: SCAR3 August 2011

São Carlos Empreendimentos. Ticker BM&F Bovespa: SCAR3 August 2011 São Carlos Empreendimentos Ticker BM&F Bovespa: SCAR3 August 2011 Contents Overview Commercial Income Property Market in Brazil São Carlos Real Estate Portfolio Financial Performance Acquisition and Retrofit

More information

ICA Real Estate building for the future

ICA Real Estate building for the future ICA Real Estate building for the future Capital Markets Day 11 December 2015 Lena Boberg CEO ICA Real Estate Building for the future ICA Real Estate as a generator of new ICA store locations ICA Sweden

More information

NB07-72 November 2012

NB07-72 November 2012 IT Infrastructure Outsourcing Services Market: Brazil, Argentina, and Chile Maturity and New Business Models are Driving Investments in Datacenter Services in Latin America NB07-72 November 2012 Contents

More information

2010 Earnings Release. March 31, 2011

2010 Earnings Release. March 31, 2011 2010 Earnings Release March 31, 2011 Speakers Carlos Alberto Trindade Filho CEO Bruno Padilha de Lima Costa CFO and IRO Disclaimer This presentation does not constitute an offer, or invitation, or solicitation

More information

Aliansce Investor Presentation

Aliansce Investor Presentation Aliansce Investor Presentation 2014 Agenda Overview Financial and Operational Performance Growth Drivers Appendix Overview 3 Portfolio Overview Aliansce owns an extensive and balanced portfolio of shopping

More information

Mitsubishi Estate Group. New Medium-Term Management Plan (FY2015 FY2017) *

Mitsubishi Estate Group. New Medium-Term Management Plan (FY2015 FY2017) * To whom it may concern: May 9, 2014 Company name: Mitsubishi Estate Co., Ltd. Representative: Hirotaka Sugiyama, President and Chief Executive Officer Securities code: 8802 Contact: Masaki Yamagishi, General

More information

Acquisiton of. 2008 Brasil Brokers Todos os Direitos Reservados

Acquisiton of. 2008 Brasil Brokers Todos os Direitos Reservados Acquisiton of 2008 Brasil Brokers Todos os Direitos Reservados Acquisition of ABYARA BROKERS Acquisition of 51% of Abyara Brokers, with purchase option of the other 49% to be exercised in the next 3 years;

More information

Higher education in Brazil is increasingly in the hands of profit- seeking entrepreneurs

Higher education in Brazil is increasingly in the hands of profit- seeking entrepreneurs Higher education in Brazil is increasingly in the hands of profit- seeking entrepreneurs Ana Ottoni, New York Times Although for- profit colleges have faced scrutiny in the United States, the industry

More information

Institutional Presentation SEPTEMBER / 2015

Institutional Presentation SEPTEMBER / 2015 Institutional Presentation SEPTEMBER / 2015 WHO WE ARE 2 WHO WE ARE TOTVS is a business solutions company founded and based in Brazil, with clients in 39 countries and 11 Development Centers located in

More information

Improving the SAP User Experience Through WAN Optimization

Improving the SAP User Experience Through WAN Optimization MICROWARE S SUCCESS CASE CLIENT: Sonae SEGMENT: Administration Shopping BUSINESS AREA: Network Improving the SAP User Experience Through WAN Optimization REQUEST: improving the SAP User Experience Through

More information

Innovative Technology Solutions for Sustainability ABENGOA. Understanding the Value in Concessions. Analyst & Investor Day.

Innovative Technology Solutions for Sustainability ABENGOA. Understanding the Value in Concessions. Analyst & Investor Day. Innovative Technology Solutions for Sustainability ABENGOA Understanding the Value in Concessions Eduard Soler Analyst & Investor Day May 2012 1 Our Portfolio of Concessions today 2 Our Business Model

More information

3Q11 Results Conference Call. Novemver, 2011

3Q11 Results Conference Call. Novemver, 2011 3Q11 Results Conference Call Novemver, 2011 2 Recent Highlights & Events PDG Ranked Best Company in Latin America for the 2011 Institutional Investor Awards; Renewal of the Job Contracts for Executives

More information

Salary Survey - Presidents and Executives Officers Brazil 2012/2013. www.pageexecutive.com

Salary Survey - Presidents and Executives Officers Brazil 2012/2013. www.pageexecutive.com Salary Survey Presidents and Executive Officers Brazil 2013 1 Table of Contents Presentation Methodology Highlights Benefits Classification of Hire Chief Executive Officer (CEO) Chief Financial Officer

More information

FURTHER PROFIT GROWTH IN FIRST-HALF 2015

FURTHER PROFIT GROWTH IN FIRST-HALF 2015 FURTHER PROFIT GROWTH IN FIRST-HALF 2015 Net sales of 37.7bn, up +5.2% (+2.9% on an organic basis) Growth in Recurring Operating Income: 726m, +2.6% at constant rates Strong growth in adjusted net income,

More information

Companhia Energetica de Minas Gerais Upgraded To 'BB+' From 'BB' On Stronger Business Risk Profile, Outlook Stable

Companhia Energetica de Minas Gerais Upgraded To 'BB+' From 'BB' On Stronger Business Risk Profile, Outlook Stable Research Update: Companhia Energetica de Minas Gerais Upgraded To 'BB+' From 'BB' On Stronger Business Risk Profile, Outlook Stable Primary Credit Analyst: Alejandro Gomez Abente, Sao Paulo (55) 11-3039-9741;

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE O-I REPORTS FULL YEAR AND FOURTH QUARTER 2014 RESULTS O-I generates second highest free cash flow in the Company s history PERRYSBURG, Ohio (February 2, 2015) Owens-Illinois, Inc.

More information

NEWS RELEASE NASDAQ Symbol: STRS Stratus Properties Inc. 98 San Jacinto Blvd. Suite 220 William H. Armstrong III Austin, Texas 78701 (512) 478-5788

NEWS RELEASE NASDAQ Symbol: STRS Stratus Properties Inc. 98 San Jacinto Blvd. Suite 220 William H. Armstrong III Austin, Texas 78701 (512) 478-5788 NEWS RELEASE NASDAQ Symbol: STRS Stratus Properties Inc. 98 San Jacinto Blvd. Suite 220 William H. Armstrong III Austin, Texas 78701 (512) 478-5788 Financial and Media Contact: STRATUS PROPERTIES INC.

More information

3Q11. Insurance premiums grow 9.6% to R$2.4 billion in 3Q11. Highlights. Conference Calls and Webcasts:

3Q11. Insurance premiums grow 9.6% to R$2.4 billion in 3Q11. Highlights. Conference Calls and Webcasts: 3Q11 Rio de Janeiro, November 3 rd, 2011 - SulAmérica S.A. (BM&FBovespa: SULA11), the largest independent insurance group in Brazil, presents its results for the third quarter of 2011 (3Q11). The Company

More information

Commercial Real Estate Investing 101

Commercial Real Estate Investing 101 Commercial Real Estate Investing 101 RealCrowd invest@realcrowd.com 2013 RealCrowd. All rights reserved. A better way to invest in real estate. What is RealCrowd? RealCrowd offers direct real estate investing

More information

Muddy Waters Investment Competition. MBA Case Competition 2014 ZILLOW ACQUISITION OVER TRULIA ANALYSIS FULL PAPER

Muddy Waters Investment Competition. MBA Case Competition 2014 ZILLOW ACQUISITION OVER TRULIA ANALYSIS FULL PAPER Muddy Waters Investment Competition MBA Case Competition 2014 ZILLOW ACQUISITION OVER TRULIA ANALYSIS FULL PAPER William Vidal Adriana Martins Raquel Clara W.A.R. Consultancy Team 1 Introduction This report

More information

Citi Presentation Food Service. June 23,2008

Citi Presentation Food Service. June 23,2008 Citi Presentation Food Service June 23,2008 Safe Harbor This presentation contains forward-looking statements. Such statements are subject to known and unknown risks and uncertainties due so that future

More information

T-MOBILE USA REPORTS SECOND QUARTER OF 2011 RESULTS

T-MOBILE USA REPORTS SECOND QUARTER OF 2011 RESULTS T-MOBILE USA REPORTS SECOND QUARTER OF RESULTS Adjusted OIBDA of $1.3 billion in the second quarter of, up from $1.2 billion in the first quarter of but down from $1.4 billion in the second quarter of

More information

International Conference Call Grupo Fleury 2 nd Quarter 2011 Earnings Results August 5, 2011

International Conference Call Grupo Fleury 2 nd Quarter 2011 Earnings Results August 5, 2011 International Conference Call Grupo Fleury 2 nd Quarter 2011 Earnings Results August 5, 2011 Operator: Good morning everyone, welcome to Fleury Group s 2011 2 nd Quarter conference call. Mr. Omar Hauache,

More information

How to improve the Banco Santander Brasil business model by analyzing opportunities of Cross Sell

How to improve the Banco Santander Brasil business model by analyzing opportunities of Cross Sell Case Study - 2012 How to improve the Banco Santander Brasil business model by analyzing opportunities of Cross Sell Is it possible to increase client relationship efficiency and revenue by collect, analyze

More information

... Feature Insurance Company: An Interview with Charles Brindamour, CEO, Intact Financial Corporation.... by Etti Baranoff

... Feature Insurance Company: An Interview with Charles Brindamour, CEO, Intact Financial Corporation.... by Etti Baranoff Published in Insurance and Finance Newsletter No. 9, February 2012... Feature Insurance Company: An Interview with Charles Brindamour, CEO, Intact Financial Corporation... by Etti Baranoff Intact Financial

More information

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3. FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.00 Fiscal Year 2014 Net Sales Increase 8% to $3.510 Billion;

More information

Opening Doors For Muslim Families In America

Opening Doors For Muslim Families In America Fe r d de i M a c We Open Doors Opening Doors For Muslim Families In America Saber Salam Vice President, Freddie Mac April 2002 Introduction The dream of homeownership is at the core of American society.

More information

Strategic and Operational Overview May 11, 2016

Strategic and Operational Overview May 11, 2016 Strategic and Operational Overview May 11, 2016 Safe Harbor Statement This presentation contains several forward-looking statements. Forward-looking statements are those that use words such as believe,

More information

CUSTOMER CASE AHLSELL GROUP. Ahlsell and Aptean make it easy to do business. www.aptean.com

CUSTOMER CASE AHLSELL GROUP. Ahlsell and Aptean make it easy to do business. www.aptean.com CUSTOMER CASE AHLSELL GROUP Ahlsell and Aptean make it easy to do business CUSTOMER CASE AHLSELL 2 Göran Näsholm Group President and CEO Gunnar Haglund Vice President and CFO Established in 1877, Ahlsell

More information

Investing: Technical Analysis of Transmissora Aliança de Energia Elétrica S.D.

Investing: Technical Analysis of Transmissora Aliança de Energia Elétrica S.D. December 22, 2011 Research Update: Transmissora Aliança de Energia Elétrica S.A. Assigned 'BBB-' Corporate Credit Rating Based On Stable Cash Flows Primary Credit Analyst: Reginaldo Takara, Sao Paulo (55)

More information

Developers Diversified Sonae Sierra Brazil Joint Venture. Acquisition Overview

Developers Diversified Sonae Sierra Brazil Joint Venture. Acquisition Overview Developers Diversified Sonae Sierra Brazil Joint Venture Acquisition Overview 2 3 Acquisition Overview 50% joint venture interest in Sonae Sierra Brazil, a fully integrated retail real estate company based

More information

THE RISE OF THE COMPOSITE LENDING BUSINESS MODEL

THE RISE OF THE COMPOSITE LENDING BUSINESS MODEL THE RISE OF THE COMPOSITE LENDING BUSINESS MODEL EXECUTIVE SUMMARY Alternative lending has become an important part of the financial landscape. Two major lending business models in this industry are marketplace

More information

Porto Seguro S.A. March 2007

Porto Seguro S.A. March 2007 Porto Seguro S.A. March 2007 Porto Seguro Highlights Porto Seguro Highlights Beginning of activities Largest insurance group in Brazil Leader in auto insurance R$ billion Written Premiums in 2006 Direct

More information

The benefits of private equity investment

The benefits of private equity investment The benefits of private equity investment David Wilton, Chief Investment Officer, International Finance Corporation (IFC), looks at how private equity can be beneficial; the different investment strategies

More information

New Developments in Overseas Insurance Business ~ Agreement to Acquire 100% Ownership of a Listed

New Developments in Overseas Insurance Business ~ Agreement to Acquire 100% Ownership of a Listed New Developments in Overseas Insurance Business ~ Agreement to Acquire 100% Ownership of a Listed U.S. Life Insurance Group, StanCorp Financial Group, Inc. ~ July 24, 2015 Meiji Yasuda Life Insurance Company

More information

Conference Call HOCHTIEF acquires 50% in aurelis Real Estate 06 September 2007

Conference Call HOCHTIEF acquires 50% in aurelis Real Estate 06 September 2007 Conference Call HOCHTIEF acquires 50% in aurelis Real Estate 06 September 2007 Dr. Peter Noé, CFO HOCHTIEF Aktiengesellschaft Dr. Joachim Wieland, Managing Director HOCHTIEF Projektentwicklung TURNING

More information

Financial Information

Financial Information Financial Information Solid results with in all key financial metrics of 23.6 bn, up 0.4% like-for like Adjusted EBITA margin up 0.3 pt on organic basis Net profit up +4% to 1.9 bn Record Free Cash Flow

More information

GTIS Partners Opportunities in Brazil Real Estate From Development to Distress Investing

GTIS Partners Opportunities in Brazil Real Estate From Development to Distress Investing GTIS Partners Opportunities in Brazil Real Estate From Development to Distress Investing CROSAPF Annual Summit 2015 Dietrich Heidtmann Managing Director, Head of International Capital Markets dheidtmann@gtispartners.com

More information

Letter to Shareholders

Letter to Shareholders Letter to Shareholders Today we announced a number of shareholder initiatives which, while not directly related to the creation of intrinsic value, are intended to ensure the value of our business trades

More information

Preliminary Results for the year to 31 December 2007

Preliminary Results for the year to 31 December 2007 Preliminary Results for the year to 31 December 2007 27 March 2008 Agenda Performance highlights Financial highlights and overview Operational highlights and overview Dividend Policy Summary and Outlook

More information

First Quarter 2015 Earnings Conference Call. 20 February 2015

First Quarter 2015 Earnings Conference Call. 20 February 2015 First Quarter 2015 Earnings Conference Call 20 February 2015 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning

More information

Hispania acquires a 90% stake in ONCISA

Hispania acquires a 90% stake in ONCISA Press Release Oncisa is part of Grupo ONCE and its foundation Hispania acquires a 90% stake in ONCISA Hispania acquires a 90% stake in ONCISA for an amount of 80.2 million euros by means of the subscription

More information

FOR IMMEDIATE RELEASE November 7, 2013 MEDIA CONTACT: Lisa Gagnon 703-903-3385 INVESTOR CONTACT: Robin Phillips 571-382-4732

FOR IMMEDIATE RELEASE November 7, 2013 MEDIA CONTACT: Lisa Gagnon 703-903-3385 INVESTOR CONTACT: Robin Phillips 571-382-4732 FOR IMMEDIATE RELEASE MEDIA CONTACT: Lisa Gagnon 703-903-3385 INVESTOR CONTACT: Robin Phillips 571-382-4732 FREDDIE MAC REPORTS PRE-TAX INCOME OF $6.5 BILLION FOR THIRD QUARTER 2013 Release of Valuation

More information

Falabella Perú Peru Finance & Banking Day 2013 Julio Alcalde Chief Financial Officer

Falabella Perú Peru Finance & Banking Day 2013 Julio Alcalde Chief Financial Officer Falabella Perú Peru Finance & Banking Day 2013 Julio Alcalde Chief Financial Officer Falabella at a Glance Operational Highlights Multi-format retailer in Chile, Peru, Colombia, Argentina and Brasil 298

More information

Branding Experts on Guest Reactions to Marriott-Starwood Acquisition

Branding Experts on Guest Reactions to Marriott-Starwood Acquisition ROOMS HOTELS Branding Experts on Guest Reactions to Marriott-Starwood Acquisition Dan Peltier, Skift - Nov 17, 2015 8:00 am @djpeltier What will happen to Starwood's Sheraton brand with the Marriott acquisition?

More information

So with these formalities out of the way, I d now like to turn the call over to our Co-Founder and CEO, Avishai Abrahami.

So with these formalities out of the way, I d now like to turn the call over to our Co-Founder and CEO, Avishai Abrahami. Wix.com Second Quarter 2014 Earnings Call Transcript August 6, 2014 Joe Pollaro, VP Strategic Partnerships and Investor Relations Good morning. I d like to welcome everyone to today s call to discuss Wix

More information

AN INTRODUCTION TO REAL ESTATE INVESTMENT ANALYSIS: A TOOL KIT REFERENCE FOR PRIVATE INVESTORS

AN INTRODUCTION TO REAL ESTATE INVESTMENT ANALYSIS: A TOOL KIT REFERENCE FOR PRIVATE INVESTORS AN INTRODUCTION TO REAL ESTATE INVESTMENT ANALYSIS: A TOOL KIT REFERENCE FOR PRIVATE INVESTORS Phil Thompson Business Lawyer, Corporate Counsel www.thompsonlaw.ca Rules of thumb and financial analysis

More information

Property Report : House in Dallas

Property Report : House in Dallas Property Report : House in Dallas Generated on: Jul 6, 2016 Author: Guest Page 1 of 11 Table of Contents Executive Summary 3 Property Description 4 Operational Effectivness 5 Financial Effectivness 6 Financing

More information

Extraordinary General Meeting 7 october 2011

Extraordinary General Meeting 7 october 2011 Extraordinary General Meeting 7 october 2011 DISCLAIMER Forward-looking statement (safe harbour) This presentation includes forward-looking statements (drawn up in accordance with the Private Securities

More information

Conference Call Transcript 1Q14 Results Abril Educação (ABRE11 BZ) May 13 th, 2014

Conference Call Transcript 1Q14 Results Abril Educação (ABRE11 BZ) May 13 th, 2014 Operator: Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to Abril Educação earnings conference call. The presentation of the results for

More information

PIERRE JEAN SIVIGNON FINANCIAL. Deputy Chief Executive Officer, Chief Financial Officer RESULTS

PIERRE JEAN SIVIGNON FINANCIAL. Deputy Chief Executive Officer, Chief Financial Officer RESULTS FULL YEAR RESULTS FINANCIAL RESULTS PIERRE JEAN SIVIGNON Deputy Chief Executive Officer, Chief Financial Officer FURTHER PROFIT GROWTH IN 2015 Variation at (in m) 2014 2015 (1) constant exch. rates Variation

More information

Investor Day -May 2012. Oporto, May 22 nd, 2012

Investor Day -May 2012. Oporto, May 22 nd, 2012 EDP Energias do Brasil Investor Day -May 2012 Oporto, May 22 nd, 2012 0 Disclaimer This presentation may include forward looking statements of future events or results according to regulations of the Brazilian

More information

Understanding a Firm s Different Financing Options. A Closer Look at Equity vs. Debt

Understanding a Firm s Different Financing Options. A Closer Look at Equity vs. Debt Understanding a Firm s Different Financing Options A Closer Look at Equity vs. Debt Financing Options: A Closer Look at Equity vs. Debt Business owners who seek financing face a fundamental choice: should

More information

Over 60,000 people helping customers manage risk in more than 170 countries.

Over 60,000 people helping customers manage risk in more than 170 countries. Zurich at a Glance Over 60,000 people helping customers manage risk in more than 170 countries. Zurich at a Glance 1 Since 1872 We ve been in the business of insurance. Reaching out from our home market

More information

Before you develop or acquire a property, you must know how big it is size is the key metric for real estate.

Before you develop or acquire a property, you must know how big it is size is the key metric for real estate. Real Estate Development Key Terms If you want to understand real estate development, you need to know the key terms used to describe properties whether you re developing the properties from the ground

More information

INCOME APPROACH Gross Income Estimate - $198,000 Vacancy and Rent Loss - $9,900

INCOME APPROACH Gross Income Estimate - $198,000 Vacancy and Rent Loss - $9,900 INCOME APPROACH The Income Approach considers the return on Investment and is similar to the method that investors typically use to make their investment decisions. It is most directly applicable to income

More information

Key Steps Before Talking to Venture Capitalists

Key Steps Before Talking to Venture Capitalists Key Steps Before Talking to Venture Capitalists Some entrepreneurs may not be familiar with raising institutional capital to grow their businesses. Expansion plans beyond common organic growth are typically

More information

CrediFaCtor CrediFaCtor CrediFaCtor IDB Group

CrediFaCtor CrediFaCtor CrediFaCtor IDB Group CASE STUDY CrediFactor The factor that multiplies earnings 1 IntroducTIOn CrediFactor commenced operations on March 17, 2000, taking on a major challenge, as factoring in Nicaragua was not yet developed.

More information