fact sheet - Mzweb.com.br

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fact sheet - Mzweb.com.br
FACT SHEET
Fiscal Year 2014
Corporate Profile
We are Argentina’s leading real estate company in terms of total assets. Engaged, directly and indirectly
through subsidiaries and joint ventures, in a range of diversified real estate related activities in Argentina, including: the acquisition, development and operation of shopping malls, office buildings, residential
properties, luxury hotels, undeveloped land reserves for future development and sale, and selected opportunistic real estate investments outside Argentina.
The only Argentine real estate company whose shares are listed on the Buenos Aires Stock Exchange and
whose GDSs are listed on the New York Stock Exchange.
Additionally, 29.77% of Banco Hipotecario S.A., one of the leading financial institutions in Argentina.
GLA (m2)
Property
Shopping Malls
Through subsidiary Alto Palermo, operation of 13
shopping malls, totaling 311,232 sqm of GLA. Six of
them are located in the City of Buenos Aires, two in
Greater Buenos Aires Metro Area, and the others in
main
cities
of
Argentina:
Salta,
Rosario, Mendoza, Córdoba and Santa Fe.
Stores Ownership Occupancy
Alto Palermo Shopping
19,354
145
100.0%
98.9%
Abasto Shopping
38,026
170
100.0%
99.4%
Alto Avellaneda
36,565
141
100.0%
99.5%
Paseo Alcorta
15,113
107
100.0%
99.8%
Patio Bullrich
11,738
83
100.0%
99.6%
Alto Noa Shopping
19,157
89
100.0%
99.7%
Buenos Aires Design
14,592
63
53.7%
92.3%
Alto Rosario Shopping
29,516
144
100.0%
97.0%
Mendoza Plaza Shopping
41,108
146
100.0%
95.0%
Córdoba Shopping
46,707
153
100.0%
99.7%
Dot Baires Shopping
15,881
106
80.0%
99.8%
Soleil
15,190
78
100.0%
100.0%
La Ribera Shopping
8,285
50
50.0%
99.6%
311,232
1,475
Total
98.4%
Office Rental
Luxury Hotels
11 Office Building comprising 122,470 sqm of GLA in Downtown BA
Majority stakes in three Luxury Hotels:
Intercontinental Buenos Aires, Sheraton Libertador
both located in the City of Buenos Aires and Llao Llao
Hotel, located in San Carlos de Bariloche in the
Patagonia.
Office Portfolio evolution
(In sqm)
Llao Llao Hotel
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FACT SHEET
Fiscal Year 2014
Development and Sales of Properties
More than 16.5 sqm million in land reserves to be developed all across Argentina and Uruguay. The most relevant reserves in the portfolio
are: Solares de Santa María and Puerto Retiro in the shore of Buenos Aires, Nobleza Piccardo Site next to the City of Buenos Aires, Isla Sirgadero in the Province of Santa Fe and a large plot of land next to Laguna Carrasco in Montevideo, Uruguay.
Investments in the US
IRSA acquired 49% of a company which main asset is Lipstick Building located in 53rd at 3rd in NYC. Its ocupancy reached 87.2% as of June 30.
Also owns 74.5% of the company owner of the building in 183 Madison Ave in the same city. As of June 30, 2014, 93% of the building was
occupied and we signed an agreement to sell the building at USD 185 million. Additionally, the company, using an investment fund called
Dolphin Fund as vehicle, acquired a 24.8% of one of the largest conglomerates in Israel, IDBD. Finally, through subsidiaries, owns 34% voting
power in Supertel Hospitality Inc (NASDAQ:SPPR) (NASDAQ:SPPR).
Financial Results (in ARS M)
Revenues
+26%
+17%
-40%
EBITDA
+47%
+122
+20%
+23%
+39%
785%
-95%
Company Indebtedness
Net Debt / EBITDA: 2.4x
Net Debt / Net Assets (BV): 46.1%
Debt Amortization Schedule
(IRSA consolidated basis — USD M)
Contact Information
Investor Relations Departament
[email protected] - http://www.irsa.com.ar/ri
+ 5 4
(11) 4323 7449
Moreno 877, 24th Fl.
(C1091AAQ) Buenos Aires
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