SHOPP ING CENTERSSeptember 2015

chapter 1

presentation

3PRESENTATION

OUR NUMBERS EXCLUDING RELATED PARTIES: GLA Sq.mt.

REVENUES

EBITDA

795.961

US $ 356 MM

US $ 259 MM

SHOPPING CENTERS

STORES53 3.356

RESULTS JUNE 2015 LTMEXCHANGE RATE:US$639GLA: GROSS LEASING AREA M2

VECINAL

54%MEGACENTER

8%

REGIONAL15%

POWERCENTER

24%

TOTAL GLA INCLUDING RELATED PARTIES IS 2.009.473 M2

4PRESENTATION

REFERENCE JUNE 2015GLA: GROSS LEASING AREA M2

WE OFFER A REGIONAL SCOPE FOR BRAND DEVELOPMENT

BRASILCOLOMBIA

PERú

CHILE

ARGENTINA

2

4

2522

27.051 m2Shopping Centers

Shopping Centers

Shopping Centers

Shopping Centers

749.173 m2 (TOTAL GLA)

TOTAL GLA

1.103.061 m2 (TOTAL GLA)

34.094 m2 (TOTAL GLA)

123.144 m2 (TOTAL GLA)

TOTAL GLA: INCLUDES GLA OF RELATED PARTIES

5PRESENTATION

Revenue Evolution 2Q (US$)

Ebitda Margin Evolution 2Q (US$) Ebitda Distribution

400

0

100%

9%

80%

60%

40%

20%

2014 LTM

2014 LTM

2014 LTM2015 LTM

2015 LTM

2015 LTM

0,0%

356326

72,7%78,9%

Ebitda Evolution 2Q (US$)

400

0

1%

259257

JUNE 2015 RESULTS

Chile

55%ARGENTINA

33%

COLOMBIA4%

PERU

8%

RESULTS JUNE 2015 LTM

6presentación

INTEGRATED MODELINVESTMENT - DEVELOPMENT

COMERCIALIZATION - OPERATION

A CLEAR BUSINESS DEFINITIONLEADS OUR STRATEGY

7PRESENTATION

WE OWN A ROBUST, PROVEN AND SUCCESSFUL BUSINESS MODEL

LEVERAGE OF LAND HEIGHT

CONSTRUCTION ECONOMY OF SCALE

IMPROVES VISITS DUE TO THE COMMERCIAL MIX

IMPROVES SHARE OF WALLET

OPERATIONAL SYNERGIES

*TROUGH THIRD PARTIES.

BUSINESS SINERGY ALLOW US TO MAXIMIZE OUR REAL ESTATE RETURNS

INTEGRATED OPERATION MAXIMIZES SINERGIES AMONG BUSINESSES

OFFICES

*MEDICAL CENTERS *H

OTEL

S

8PRESENTATION

WE KNOW HOW TO DEVELOP KNOW HOW DURING 2 DECADES IN SOUTH AMERICA

20152008 20142012200719931988

FIRST CENCOSUD

SHOPPING CENTER IN

ARGENTINA

FIRST SHOPPING CENTER

IN CHILE

ADQUISITION OF

BRAZILIAN OPERATIONACQUISITION OF PERUAVIAN OPERATION

ACQUISITION OF COLOMBIAN OPERATION

OPENING OF AREQUIPA

CENTER

COSTANERA OFFICES MUNICIPAL RECEPTIONSKY COSTANERA IS OPENED

COSTANERA CENTER IS

OPENED

9PRESENTATION

THE LARGEST SHOPPING CENTERS OPERATION IN THE REGION

LARGEST PLATFORM IN THE REGION (GLA MM M2)

CENCOSUD

BR MALLS

MALL PLAZA

MULTIPLAN

PARAUCO

ALIANSCEIRSA

SONAE SIERRA

IGUATEMI

CONSISTENT HISTORICAL OPERATING GROWTH (GLA '000 M2)

2.0

1.7 1.7

0.80.7 0.7

0.5 0.50.4

Source: Cencosud

1988

95 130271

303 317380

463

576

676

841928

1,0531,106

1,1851,235

1,4221,467 1,496

1,724

1,848 1,848

1992

1993

1994

1995

1996

1997

2000

2001

2002

2003

2004

2005

2006

2007

2008

2010

2011

2012

2013

2014

1988-2014 CAGR:12.1%

TOTAL GLA INCLUIDES RELATED PARTIES

10PRESENTATION

we have the privilege OF HAVING the most attractive brand mix in our shopping centers

11PRESENTATION

preferred shopping centers FOR international brands TO OPEN FIRST flagship stores

ENTRY POINT IN THE REGION

COUNTRY / REGIÓN BRAND MALL

LATIN AMÉRICA

CHILE

CHILE

CHILE

CHILE

CHILE

BRAND MALL

FLAGSHIP STORES IN THE REGION

12PRESENTATION

innovation - consumer experience

online customer

service

omnichannel marketing platform

services and security technology

corporate social

responsability

ALL MARKETING CHANNELS INTEGRATED IN ONE PLATFORM

MAS & MAC PROYECT OMNICHANNELCOSTUMER SERVICETOOL FOR CONSUMERS& TENANTS

LICENSE PLATE ID

ONLINE COMMUNICATION WITH POLICE

IDENTIFICATION OF STOLEN CARS

PERSONNEL

CUSTOMERS

TENANTS

THIRD PARTY WARNERS

COMMUNITY

STRATEGIC PLAN:

Wifi Trackers

Newsletters

Websites

Mobile Apps Loyalty Program

Facebook

Video Walls

Mall Events

Touch Screens

Beacons

13PRESENTATION

COSTANERA CENTERthe most innovative and succesful mixed-use

comercial real estate project in the region

14PRESENTATION

1 SHOPPING CENTER

costanera center is the largest and most successful shopping center in chileOPENED JUNE 12 2012 FIRST VERTICAL MALL WITH 6 THEMED FLOORS OVER 300 STORES17% GROWTH IN SALES 2014 97% OCUPATION+3 MILLIONS VISITS PER MONTH 20% GROWTH IN 2015/2014 (JAN - JUN)

15PRESENTATION

2 costanera tower

CLASS A+ OFFICE BUILDING, OVER 77.000 M2 GLA IN 62 FLOORS HIGHLY EFFICIENT DOUBLE DECK ELEVATOR SYSTEM (43 UNITS)

WORLD CLASS BUILDING: LEED GOLD CERTIFICATION IN PROCESS 3,95 METERS INTERNAL HEIGHT SLAB TO CEILING

PRIME BUSINESS AND RESIDENTIAL LOCATION OPEN FLOOR PLANTS UP TO 1.700 M2

16PRESENTATION

3 SKY COSTANERA

360º VIEW AVAILABLE FOR PRIVATE EVENTS

UNIQUE TOURIST ATRACTION IN TALLEST BUILDING IN SOUTH AMERICA 300 METERS SUCCESSFUL INAUGURATION: AUGUST 11 2015

ENTRANCE/EXIT FROM THE SHOPPING CENTER 25,0000 VISITS DURING THE FIRST TWO WEEKS

17PRESENTATION

4 HOTEL

4 + STAR HOTEL CONNECTION TO THE MALL

240 ROOMS OPERATED BY MARRIOTT

OPENING: AUGUST 2016MEETING ROOMS

18PRESENTATIONWE HAVE A UNIQUE LAND BANK, LOCATED IN MAIN URBAN CITIES IN LATIN AMERICA, THAT WILL ASSURE OUR FUTURE GROWTH AND LEADERSHIP IN THE REGION

BRASIL

COLOMBIA

PERú

CHILE

ARGENTINA

medellínbogotábarranquillavillavicenciototal colombia 263.830 m²

limatotal perú 247.567 m²

santiagoconcepciónviña del martotal chile 1.159.204 m²

buenos airescórdovatotal argentina 553.733 m²

salvadoraracajutotal brasil 69.561 m²

ESTIMATED LIST OF LAND BANKS AVAILABLE FOR SHOPPING CENTER DEVELOPMENTS LAND BANK IS ADDITIONAL TO OTHER POSSIBLE PROJECTS THAT CAN BE DEVELOPED IN EXISTING OPERATIONS

19PRESENTATION