JHSF Participações S.A. November 2016
DISCLAIMER Management makes forward-looking statements concerning future events that are subject to risks and uncertainties. These statements are based on its beliefs and assumptions and on information currently available to the Company. Forward-looking statements include statements regarding JHSF s intentions, estimates or current expectations or those of its Board of Directors or Executive Officers. Forward-looking statements also include information concerning the Company s possible or presumed future operating results, as well as statements preceded by, followed by, or including the words believes, may, will, continues, expects, envisages, intends, plans, estimates or similar expressions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions because they relate to future events and therefore depend on circumstances that may or may not occur. JHSF s future results and shareholder value creation may differ materially from those expressed in or suggested by these forward-looking statements. Many of the factors that will determine these results and values are beyond the Company s ability to control or predict. 2
INTRO TO JHSF With +40 years, JHSF and is publicly traded since 2007 (JHSF3 BM&FBOVESPA Novo Mercado). Controlled by shareholders who successfully delivered profitable businesses and iconic real estate developments in addition to malls, hotels & restaurants, with significant portion of their time, assets and income associated with Company s performance Controlling Shareholder 77.3% Management and Treasury 0.4% Free Float 22.3% Global 25% Local 75% MarketCap of R$792 million on November 14, 2016 it is professionally managed to implement a strategy-shift towards recurring income business. 3
CURRENT BUSINESS UNITS MALLS RE DEVELOPMENT HOTELS & RESTAURANTS EXECUTIVE AIRPORT 4
MALLS SHOPPING CIDADE JARDIM SHOPPING BELA VISTA SHOPPING METRO TUCURUVI SHOPPING PONTA NEGRA CATARINA FASHION OUTLET S a o P a u l o S P S a l v a d o r B A S a o P a u l o S P M a n a u s AM S ã o R o q u e S P M a y 2 0 0 8 J u l y 2 0 1 2 A p r i l 2 0 1 3 A u g u s t 2 0 1 3 O c t o b e r 2 0 1 4 G L A : 3 9, 0 4 9 s q. m G L A : 5 1, 1 8 5 s q. m G L A : 3 3, 0 3 3 s q. m G L A : 3 6, 5 0 1 s q. m G L A : 2 4, 0 7 0 s q. m J H S F G L A : 5 1 % J H S F G L A : 8 0 % 1 s t e x p a n s i o n : O c t o b e r, 2 0 1 5 5
A Cidade Jardim overview Located in a high-income neighborhood in São Paulo, on the opposite side of the river to its main peers Geographic footprint Key highlights 1 o Located in a high- end region of São Paulo 39.0K+ sqm of GLA 192 stores of the most recognized domestic and international brands 50 food related operations, including 22 restaurants and 28 PoS 1 in its Food Hall Other operations include 7 cinema rooms and a sports gym Receives 297+ thousand clients per month and approximately 4 thousand cars per day Store mix (% of GLA) Other 25,3% Clothes & Footwear 42,1% Food 25,3% Services & Laisure 7,2% Area of influence 2 South zone of São Paulo city B/C Butantã A/B Eldorado Iguatemi A A JK Iguatemi Paulista B Cidade Jardim 10 km Cidade Jardim AA Vila Olimpia A/B 1 o Taboão Legend Target audience Market Place A/B A/B Morumbi B/C Ibirapuera Source: JHSF; IBGE; São Paulo government; Google Maps 6 Note: (1) Point of sales; (2) Considering a 5 km radius area 6
B Bela Vista overview Located in a central region of Salvador, integrated to a subway station Acesso Norte Geographic footprint Key highlights Bela Vista was built adjacent to Metro 51.1k+ sqm of GLA 192 stores of highly recognized brands 33 food related operations, including 5 restaurants and 28 PoS 1 in its Food Hall Other operations include 9 cinema rooms, gokarts and bowling areas Receives 861+ thousand clients per month and approximately 7.9 thousand cars per day Store mix (% of GLA) Food 17,9% Other 45,8% Services & Laisure 7,5% Clothes & Footwear 28,8% Area of influence 2 Bela Vista 10 km da Bahia Bela Vista Salvador Caboatã Gaivota Paseo Itaigara Barra Rio Vermelho Legend Subway line Subway station Source: JHSF; IBGE; FGV; Google Maps 7 Note: (1) Point of sales; (2) Considering a 5 km radius area 7
C Metrô Tucuruvi overview Integrated to subway station of Tucuruvi and a local bus terminal station, receives a large influx of people Geographic footprint Tucuruvi station, where 70,000 people access daily, is integrated to the mall, contributing to a higher number of visitors Key highlights Metrô Tucuruvi was developed under a land lease with the subway company Concession up to 2054 33.0k+ sqm of GLA 224 stores of highly recognized brands 64 food related operations, including 4 restaurants and 60 PoS1 in its Food Hall Other operations include 6 cinema rooms Area of influence 2 Store mix (% of GLA) Services & Laisure 4.9% Food 21.5% Clothes & Footwear 31.6% Other 42.1% Receives 1,800+ thousand clients per month and approximately 2.4 thousand cars per day North zone of São Paulo city Metrô Tucuruvi 10 km Santana Parque Metrô Tucuruvi Internacional Metrô Tucuruvi Legend Subway line Subway station Center Norte Source: JHSF; São Paulo s government; Google Maps Note: (1) Point of Sales; (2) Considering a 5 km radius area 8 8
D Ponta Negra overview Located in a tourist area of the city of Manaus (AM) Geographic footprint Key highlights 36.5k+ sqm of GLA 128 stores of highly recognized domestic and international brands 25 food related operations, including 5 restaurants and 20 PoS 1 in its Food Hall Other operations include 10 cinema rooms (including the Manaus first VIP cinema) Other 26.8% Store mix (% of GLA) Clothes & Footwear 32.5% Food 27.4% Services & Laisure 13.4% Receives 436+ thousand clients per month and approximately 4.6 thousand cars per day Area of influence 2 Lack of competitors in a 5km radius from Ponta Negra Ponta Negra A/B 10 km Ponta Negra Millennium C/D B/C Amazonas Manaus Plaza C/D Legend Target audience Source: JHSF; IBGE; FGV; Google Maps 9 Note: (1) Point of sales; (2) Considering a 5 km radius area 9
E Catarina Fashion outlet overview Located 30 minutes from São Paulo in Presidente Castelo Branco Highway, the principal liaison between the Metropolitan Region of São Paulo and the west of São Paulo state Geographic footprint Key highlights 24.0k+ sqm of GLA in São Paulo countryside 98 premium stores focused on the outlet segment 16 food related operations, including 2 restaurants and 14 PoS 3 in its Food Hall Receives 257+ thousand clients per month and approximately 3.5 thousand cars per day Store mix (% of GLA) Other 10,8% Clothes & Footwear 39,5% Food 10,8% Services & Laisure 0,6% Area of influence¹ State of São Paulo Plaza Itu Catarina Fashion outlet Villaggio Catarina Fashion Outlet Catarina Fashion Outlet Distance to São Roque (SP) 40 km from Sorocaba 72 km from São Paulo 105 km from Campinas 125 km from Piracicaba Piracicaba Sorocaba Campinas São Paulo Sorocaba Center Source: JHSF; FGV; Google Maps 10 Note: (1) Municipalities in a 30-minute area from Catarina Fashion Outlet 10
MALLS RE DEVELOPMENT HOTELS & RESTAURANTS EXECUTIVE AIRPORT 11
HOTELS AND RESTAURANTS CONTROLLED BY JHSF: 65% F A S A N O F A Z E N D A B O A V I S T A H O T E L HOTELS Acquired in 2007 Operations in Sao Paulo, Rio de Janeiro, Brasilia and Punta del Este (Uruguay) + local & int l pipeline (US & Europe) Expansion based in management agreements using a asset light model (no CAPEX from JHSF) P A R I G I B I S T R O T S Ã O P A U L O RESTAURANTS Acquired in November 2014 Synergy gains, improvement on profitability (cost reduction and back-office integration) 16 operations focused on Sao Paulo, Rio de Janeiro and Brasilia F A S A N O R I O D E J A N E I R O H O T E L 12
HOTELS AND RESTAURANTS PERFORMANCE HOTELS 3Q16 3Q15 % Average Daily (R$) 2,730 1,756 55.4% REVPAR (R$) 1,679 1,093 53.6% Occupancy Rate (%) 60.5% 63.2% -4.3% 3Q16 GROSS REVENUE RESTAURANTS 3Q16 3Q15 % Total of Couverts 150,564 151,216-0.4% Average Couvert (R$) 211 198 6.7% 13
HOTELS PIPELINE Fasano Belo Horizonte BR Fasano Angra dos Reis BR Shore Club Miami USA Fasano Salvador BR 14
MALLS RE DEVELOPMENT HOTELS & RESTAURANTS EXECUTIVE AIRPORT 15
EXECUTIVE AIRPORT Fully dedicated to executive aviation First of a kind in Brazil (similar to Teterboro and Le Bourget) Located 14 helicopter flight or 35 drive from São Paulo 24x7, with no restrictions on slots Phase Zero: Opening scheduled for 2017 1,600 meters of runway 10,000 sq.m. of hangars 14,000 sq.m. of patios Capex of R$300 million 16
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