fundamentals spreadsheet 4q14

7/26/2019 Fundamentals Spreadsheet 4Q14

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Operating Shoppings Portfolio Mar-06 Jun-06

Total GLA State 1Q06 2Q06BHShopping MG 35,450 m 35,450 mRibeiroShopping SP 39,130 m 39,130 mBarraShopping RJ 69,138 m 69,355 mMormbiShopping SP 49,6!0 m 49,665 mPar"Shopping #$ 39,%!6 m 39,%!6 m#iamon&Ma'' MG %0,!5! m %0,!5! m(e) *or" +i- +ener RJ %%,06! m %%,06! mShopping .n/'ia$rano SP 39,310 m 39,310 mPar"ShoppingBarigi PR 39,0%% m 39,0%% mP/io Sa2ai MG 0 m 0 mShopping Sanar'a SP 0 m 0 mBarraShoppingS' RS 14,400 m 14,400 m

Shopping i'a'7mpia SP 0 m 0 mPar"ShoppingSo+aeano SP

Jn&ia7Shopping SPPar"Shopping+ampoGran&e RJi''ageMa'' RJPare Shopping Maei .:Total 36!220 "# 36!$32 "#

Multiplan %nterest &J 1Q06 2Q06

BHShopping MG 80;0< 80;0

2Q0 3Q0 $Q0 1Q0) 2Q0) 3Q0) $Q0)

95;4< 95;8< 9!;%< 99;1< 99;3< 99;4< 99;3

2Q0) 2Q10 3Q10 $Q10 1Q11 2Q11 3Q11

%9,504 m %9,4!% m 3%,41% m 38,038 m 38,038 m 38,031 m 38,016 m35,635 m 35,635 m 35,635 m 35,649 m 35,649 m 35,634 m 35,651 m35,400 m 35,401 m 35,418 m 35,401 m 35,40! m 35,439 m 35,53! m

36,%%5 m 36,%%5 m 36,%%5 m 36,%46 m 36,%46 m 36,%%5 m 36,%%5 m30,!1! m 30,!%9 m 30,!%9 m 30,!09 m 30,!09 m 30,!34 m 30,!%6 m19,%%4 m 19,%50 m 19,%50 m 19,%49 m 19,%49 m 19,%48 m 19,%4! m11,135 m 11,135 m 11,135 m 11,136 m 11,136 m 11,135 m 11,135 m15,%9% m 15,%9% m 15,%9% m 15,%9% m 15,1!3 m 15,113 m 15,1%9 m36,108 m 36,10! m 36,0!8 m 41,930 m 41,935 m 41,944 m 41,945 m13,198 m 13,198 m 16,044 m 16,650 m 16,650 m 16,646 m 16,645 m8,658 m 8,658 m 8,658 m 14,45! m 14,4!3 m 14,504 m 14,584 m

68,0!! m 68,%0% m 68,405 m 68,400 m 68,40! m 68,439 m 68,431 m!,6!1 m !,6!1 m 8,4%! m 8,1%! m 8,48% m 8,48% m 8,460 m

3$6!$3 "# 3$6!)$ "# 3'3!0 "# 31!2' "# 31!''' "# 31!'6 "# 31!30 "#

2Q0) 2Q10 3Q10 $Q10 1Q11 2Q11 3Q11

99;1< 99;1< 99;8< 99;8< 99;8< 99;5< 99;!

Shopping Ma'' C4,%86D C9,%0!D C!,551De o)er >or 'eae epene(e) proe >or 'eae epene(e) proe >or a'e epenePar"ing @ EEE @+o o> properie o'& C%,936D C1,366D C%,!38DIi- in earning o> a'iae C5!5D 1,%!8 C1,405D.moriKaion C5,!83D C%1,3!5D C%8,694D$inania' Re2ene 3,443 %,!%5 %,!81$inania' Ipene C%,66%D C5,%48D C%,05!D(on@rerring nania' epene C5,968D C%4,56%D @#epreiaion C3,!94D C4,58%D C4,1!0Dher peraing inomeLepene C891D %60 613

Operational %no"e 1!31 .20!636 .$!6''(on@peraing Fnome 5!1 1,1%4 C!44D%no"e 8efore ta9es an, soial ontri8ution 1! .1)!'12 .'!3))

Aa Fnome an& Soia' +onribion C5,%91D C5,909D C1,816D#i>erre& inome an& oia' onribion ae %,6%! C3,453D @Minori- inere C4,%81D C1,!46D C1,140D7et %no"e .'!0'6 .30!620 .!3''

7et %no"e .'!0'6 .30!620 .!3''

Net margin -11.1% -47.8% -13.6%

A,:uste, 7et %no"e 11!663 20!6'$ 23!

Adjusted Net margin 25.5% 32.2% 39.0%

;;O 1'!$' 2'!236 2!0'

Adjusted FFO margin 0 39.4% 45.8%

Shopping %T4A? 2$! $2!3)2 33!1))

S!""ing #enter $&'(A margin

%T4A 10!6$ !)6 26!$1

#!ns!)idated $&'(A margin 23.4% 14.0% 43.6%

A,:uste, %T4A 21!620 3!66 30!2)

Adjusted #!ns!)idated $&'(A *argin 47.3% 60.6% 49.4%

7O% @ e Mone 2)!030 $$!''1 $2!3'

NO& + ,e *!ne *argin 87.1% 82.9% 84.9%

7O% 26!)61 $1!1$) 3)!006

NO& *argin 86.3% 81.7% 83.8%

#oe no oni&er Rea' Iae >or a'e an& 'eaeN re2ene, ae, o an& epene; Hea&are=feito A>L

Aoa' G:. 368,%%0 m 368,43% m 368,%69 m)n G:. %09,3!6 m %09,484 m %09,31% m

Aoa' G:. Ca2g;D 354,013 m 353,948 m 353,959 m


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)n G:. Ca2g;D %0%,%8! m %0%,%41 m %0%,%1! mA,:uste, Total GLA .a/g( 3'$!013 "# 3'3!)$ "# 3'3!)') "#

A,:uste, O+n GLA .a/g( 202!2 "# 202!2$1 "# 202!21 "#

BarraShoppingS' CBFGD 0 m 0 m 0 m

Multiplan interestBarraShoppingS' CBFGD 0 m 0 m 0 mRibeiroShopping Ca&&iiona' %0or he -ear %008 )a reor&e& ino 408 g

Ahi :ine )a a&e& o i o'& be ompare& o %09 re'; Ahi a&men re' >rom he ap

(mber )ere a&e& in or&er o be a&pae& o he ne) proe 'ine

Saring in 110, M'ip'an preen i par"ing re2ene ne o> epene, ha i, a>er &e&ing ran

(mber )ere preene& in aor&ane o ne) aoning prinip'e


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$Q06 1Q0 2Q0 3Q0 $Q0 1Q0 2Q0

!1,%59 5%,453 54,368 55,5!% !!,001 60,564 68,!!% 8,360 10,8!3 1%,116 1%,94% 16,401 11,%54 %1,!16 4,!8% 4,56! 4,859 4,385 5,091 4,!64 8,!1! 3,08% 4,0%5 9,!%3 11,63! 13,333 1%,!%4 14,!!9 %,585 5,1!5 5,188 8,545 154 @ @

@ 0 @ C0D 384 33 0 )0!06 !0)3 6!2'$ )3!01 112!36$ )!33) 113!)$

C8,%36D C6,!%9D C!,490D C!,986D C10,194D C8,44!D C9,8!8D 1!33 0!36$ !6$ '!0)' 102!10 0!)2 10$!10

C15,014D C9,666D C15,6%0D C13,069D C1!,551D C11,6!1D C%!,539D @ @ @ EEE @ C318D C318D C6,%%9D @ C1,361D C11,983D @ @ @

C11,8%6D C8,94%D C10,309D C13,583D C14,03%D C14,633D C11,9!%D

C86D C644D

@ C1,463D C5,061D C6,%09D C6,43!D C6,500D C6,600D C1,658D C%,998D C%,9!1D C5,01%D C1,638D @ @ C8%6D 1,5!! 596 1,660 4,194 %,603 %,1%0 C%!,594D C%8,1!!D C%8,1!!D C30,0%%D C31,884D C31,4%8D C31,4!!D %,5!0 1,36! 1,69! 8,835 11,5!0 15,6%% 9,503 C4,630D C5,!45D C6,139D C5,!!1D C4,595D C!,93%D C9,468D @ @ @ C%3,!00D @ @ @ C4,965D C5,1!%D C5,%85D C5,993D C!,%63D C!,584D C8,%48D 5%% 6!0 88 53 434 6%3 C54D

12!12 11!16 6!222 .1)!6) 3$!)6 1)!' 1)!$10C%D 1,005 C%%D 0 !4 @ @ 12!10 12!21 6!200 .1)!6) 3'!0$2 1)!' 1)!$10

C603D C%,%9!D 616 84% C9!5D C!!0D C!%3D 1,150 C194D C1%0D C6,41%D C4,504D C5,!10D C5,!!5D C886D %6 C%1D C81D C88D C145D C1!%D 11!$1 10!3'6 6!6' .2'!3$ 2)!$$ 12!)62 12!3)

11!$1 10!3'6 6!6' .2'!3$ 2)!$$ 12!)62 12!3)

14.5% 14.7% 8.5% -29.8% 28.8% 16.0% 12.2%

$'!66$ 3!'32 36!21$ $0!3' 61!3' '0!101 $)!))1

55.8% 54.8% 46.0% 47.4% 60.1% 61.9% 48.0%

'0!62) $3!0$ $1!$) $6!3'0 6!621 '!6' '!23)

61.9% 62.1% 52.7% 54.5% 67.2% 71.3% 55.9%

')!3)3 $!2$' $$!$6$ '6!$' 6$!'1 $!30 '6!)0

$6!00 '0!'$ $$!103 13!2'3 6!213 '0!)10 ')!100

57.2% 71.8% 56.0% 15.6% 65.8% 62.9% 56.8%

'3!02) '0!'$ $'!$6$ $!)36 6!213 '0!)10 ')!100

64.8% 71.8% 57.7% 57.5% 65.8% 62.9% 56.8%

6!2) '0!6$0 '3!'0 '1!03 $!)'' '6!)1) 3!6)

85.1% 83.0% 77.7% 72.4% 78.5% 72.9% 79.9%

62!'16 $6!03 $!21 $!$1 6)!6' '2!1'' 6$!))

84.1% 81.6% 76.0% 70.6% 77.3% 71.2% 77.8%

r epene an& o" opion a proporiona' o he hopping ener re2ene a a perenage o>

3!3,480 m 3!3,464 m 393,615 m 39%,%!9 m 39%,%!9 m 39%,015 m 416,416 m%14,5%5 m %38,883 m %55,9%! m %5%,14! m %5!,369 m %5!,063 m %66,314 m35!,6!1 m 3!4,618 m 3!!,%1! m 3!!,588 m 3!!,884 m 3!!,981 m 393,900 m


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%06,53% m %%4,488 m %39,855 m %3!,563 m %4%,9!% m %4%,963 m %48,8%! m3'!61 "# 3$!61 "# 3!21 "# 3!' "# 3!$ "# 3!)1 "# 3)3!)00 "#

206!'32 "# 216!662 "# 21)!001 "# 22)!3 "# 23'!13' "# 23'!126 "# 2$!2 "#

0 m 0 m 0 m 0 m 0 m 0 m 0 m

0 m 0 m 0 m 0 m 0 m 0 m 0 m0 m !,8%6 m !,8%6 m !,8%6 m !,838 m !,838 m0 m 0 m 13,0%8 m 0 m 0 m 0 m

re; Ahe >'' %008 epene o> RO1;3 mi''ion )a ea''- &i2i&e& b- he >or arer o> he -ear, >or

'iaion o> +P+ prononemen (o; %, a reire& b- +M R'e (o; 534 o> Janar- %9, %008;

>er, o impro2e he aoning praie an& on2erging )ih mar"e an&ar&;


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3Q0 $Q0 1Q0) 2Q0) 3Q0) $Q0) 1Q10

6!,994 9!,9%3 !9,389 81,499 81,!59 11!,533 90,0%018,604 14,5%1 15,389 18,108 %%,005 1!,8!0 14,!093,606 4,155 5,168 6,034 8,108 !,680 11,1!9

18,989 %1,016 10,540 1%,80! 13,860 1!,!5% 15,995%,%68 513 4%6 88% 3,458 !,10% 9,016

@ 6,000 9,031@ C0D @ 8! 603 308 15

111!$61 13!12) 110!)13 11)!$1 12)!)3 1$!2$' 1$)!)6$

C10,363D C1%,995D C9,9!%D C1%,348D C13,166D C16,148D C13,585D 101!0) 12'!13$ 100!)$1 10!06) 116!62 1'!0) 136!30

C%0,119D C19,!91D C18,885D C%4,65!D C18,695D C%5,945D C%0,068DC318D C318D C510D C80!D C1,051D C1,04!D C1,164D

@ @ @ @ @ @ @

C11,13%D C11,9!9D C16,15%D C13,001D C1!,013D C15,61%D C15,318D

C%,%!9D C4,3%%D C18%D C%,%89D C4,%!1D C11,445D C6,36%DC41D C131D C143D C!!0D C%64D

C!,8%8D C8,99%D @ @ @ @ @C884D C%6!D C%33D C481D C3,%98D C4,5%!D C5,094D

C1,640D 5%6 C6,198D C3,354D C5,904D C4,5!6D C3,954DC31,33!D C30,469D @ @ @ 0 @

6,863 %,311 4,36% 5,063 6,884 19,964 %0,346C5,11!D C8,%3!D C9,!45D C10,!06D C9,!5%D C11,183D C11,%08D

@ @ @ @ @C!,!3%D C!,846D C8,605D C8,913D C8,684D C9,549D C10,53!D

%%1 1!% 1,%65 1,093 19,8%% %58 1,136

1)!) 3'!)22 $6!01 $!6 $!'22 )3!66' 3!)$C65D @ @ @ @ @ @ 1)!32 3'!)22 $6!01 $!6 $!'22 )3!66' 3!)$

C4,086D C!,%%1D C1,%86D C%,%54D C10,!6%D C11,98%D C1,414DC6,359D 10,!64 40! C!6D C%%,99%D C50,815D C3%,%19D

C%01D C%48D C%%8D C%%8D 89 3!! C%,!64D )!06 3)!216 $$!)11 $6!32 $0!' 31!2$' $!$)

)!06 3)!216 $$!)11 $6!32 $0!' 31!2$' $!$)

9.0% 31.3% 44.5% 43.3% 35.0% 19.8% 34.8%

$6!2 '!)22 $$!'0$ $6!$03 63!$) 2!060 )!16

46.3% 47.1% 44.1% 43.3% 54.7% 51.9% 58.5%

'$!'1$ 66!6 '3!10) ''!316 2!'33 )1!60) )0!2'3

53.9% 53.4% 52.6% 51.7% 62.2% 57.9% 66.2%

'!'21 )!$3) 66!16$ 66!0' )2!3 )!)62 !62

65.8% 62.9% 81.8% 65.3% 68.4%

'!0'' 0!163 60!00' 63!$$2 6!0$ )$!$33 '!2)2

56.4% 64.1% 59.4% 59.3% 73.8% 59.7% 62.5%

'!0'' 0!163 60!00' 63!$$2 6!0$ )$!$33 '!2)2

56.4% 64.1% 59.4% 59.3% 73.8% 59.7% 62.5%

1!62) 102!123 !)$6 !33) 6!1$ 133!3'3 110!)0

79.1% 83.0% 83.0% 87.0% 83.6% 89.5% 87.9%

6!023 )!)6 3! 1!30' !606 12'!63 ))!2

78.2% 82.4% 82.0% 86.2% 82.2% 88.9% 86.7%

ro re2ene;

416,9%8 m 484,3!3 m 484,894 m 484,8!3 m 49!,%48 m 533,!41 m 53%,!!3 m%66,!59 m 330,308 m 330,!86 m 330,833 m 334,%98 m 34!,985 m 34!,640 m40%,5%% m 460,410 m 484,888 m 484,9%5 m 494,!69 m 5%3,405 m 530,%18 m


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%5%,350 m 30!,!59 m 330,!!8 m 330,858 m 333,486 m 344,890 m 346,843 m$02!'22 "# $$6!010 "# $0!$ "# $0!'2' "# $0!36) "# '0)!00' "# '1'!1 "#

2'2!3'0 "# 2)3!3') "# 316!3 "# 316!$' "# 31)!06 "# 330!$)0 "# 332!$$3 "#

0 m 14,400 m 14,400 m 14,400 m 14,400 m 14,400 m 14,400 m

0 m 14,400 m 14,400 m 14,400 m 14,400 m 14,400 m 14,400 m

omparion


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2Q10 3Q10 $Q10 1Q11 2Q11 3Q11 $Q11

94,%54 93,!65 138,0!5 105,4!6 108,4%5 111,301 161,053%1,0!! 18,34! 18,!93 19,068 %1,344 %3,644 18,%686,350 8,384 9,3%8 9,16% 10,045 9,80% 10,1%3

15,505 16,8%5 %1,1!9 18,553 19,046 19,!!5 %4,68!1%,%40 13,!19 %6,453 13,59% 8,468 10,515 16,8196,41% 8,319 C18,658D 6,9!4 6,!83 6,050 C19,004D1,534 591 16! 3%8 394 !31 80%

1'!33 1')!)'0 1)'!33 13!1'3 1$!'0' 11!1 212!$

C14,%!!D C13,438D C16,949D C15,340D C15,8%3D C16,160D C18,649D 1$3!0)6 1$6!'12 1!3 1'!13 1'!62 16'!6' 1)$!0))

C%5,3%4D C%4,!44D C%%,96%D C%1,6%6D C%0,0!1D C%0,955D C%5,!1!DC1,380D C1,38%D C1,!49D C1,345D C%,164D C%,040D C%,11%D

@ @ @ @ @ @ @

C16,%63D C14,990D C19,313D C15,433D C1!,%43D C15,3!8D C10,%19D

C10,685D C13,145D C8,88%D C3,445D C3,%96D C%,53!D C%,951DC50!D C!95D C%,!96D C1,%0%D C1,%!3D C4,49!D C8,915D

@ @ @ @ @ @ @C!,%83D C!,4%0D C1%,498D C13,99%D C9,390D C9,85%D C11,516D

C99!D 1,!!! C33!D 604 !!8 141 6%0@ @ @ @ @ @ @

%1,996 %4,56! %%,%14 %4,89! %1,808 18,406 %%,085C11,564D C9,%08D C13,600D C13,340D C14,194D C9,593D C18,510D

@ @ @ @ @ @ @C10,460D C10,!55D C1%,86%D C14,31!D C14,941D C15,134D C15,989D

%66 C1%,801D 1,119 1,468 1,1%5 1,0%0 441

0!)$ !616 106!22 100!02 ))!21 10'!23) 121!316@ @ @ @ @ @ @0!)$ !616 106!22 100!02 ))!21 10'!23) 121!316

C1,500D C1,6!6D C10,38%D C8,605D C31,949D C1!,313D C%,801DC%5,189D C%!,001D C%0,!46D C%5,01!D C4,!98D C19,3%9D C!,!%!DC%,0%1D C%,584D C3,%46D C%,!38D C%,00%D C3,3%9D C%,6!4D

'2!1$ $6!3'' 2!3$ 63!22 61!02 6'!26 10!11$

'2!1$ $6!3'' 2!3$ 63!22 61!02 6'!26 10!11$

36.5% 31.6% 40.6% 40.4% 38.5% 39.4% 55.7%

!33 3!3'6 )3!0)$ !3) 6'!0 $!') 11'!$1

54.1% 50.1% 52.2% 56.2% 41.5% 51.1% 59.7%

!33 $!111 10'!)'6 103!0'6 0!11 ))!31 131!30

61.4% 57.4% 59.4% 65.3% 50.9% 60.2% 67.9%

0!6'6 6)!12$ 10'!)0 106!$ 110!$12 11!'1 1$0!3)6

61.1% 51.6% 68.6% 73.5% 73.1% 75.3% 78.5%

0!)22 3!012 110!)0 102!$2 10!1$ 111!'60 133!30

56.6% 49.8% 62.2% 65.2% 67.5% 67.3% 68.9%

0!)22 3!012 110!)0 102!$2 10!1$ 111!'60 133!30

56.6% 49.8% 62.2% 65.2% 67.5% 67.3% 68.9%

106!2' 112!303 130!611 12$!32 12!0'6 131!''0 166!6$0

86.7% 88.2% 87.1% 89.0% 88.1% 89.5% 94.2%

))!)0 103!)1) 121!23 11'!'0 11!011 121!$ 1'6!'1

86.0% 87.4% 86.3% 88.2% 87.2% 88.8% 93.9%

53%,90% m 544,!03 m 551,830 m 551,368 m 551,59% m 551,!59 m 59%,048 m34!,!5! m 359,9%1 m 3!1,640 m 3!1,548 m 3!1,601 m 3!1,!30 m 411,4%3 m530,353 m 53!,063 m 550,645 m 551,481 m 551,48% m 551,!59 m 591,59% m


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346,9!4 m 353,!08 m 3!1,%85 m 3!1,555 m 3!1,5!6 m 3!1,!30 m 411,163 m'1'!)'3 "# '22!663 "# '36!2$' "# '3!01 "# '3!02 "# '3!3') "# '!1)2 "#

332!'$ "# 33)!30 "# 3'6!' "# 3'!1'' "# 3'!16 "# 3'!330 "# 3)6!63 "#

14,400 m 14,400 m 14,400 m 14,400 m 14,400 m 14,400 m 14,400 m

14,400 m 14,400 m 14,400 m 14,400 m 14,400 m 14,400 m 14,400 m


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1Q12 2Q12 3Q12 $Q12 1Q13 2Q13

1%1,9!5 1%6,883 1%4,%40 188,846 154,436 153,1%3%0,44! %6,59% %%,9%0 %8,41! %4,8%! %!,%348,90! 9,540 8,!!3 10,6%4 1%,80% 14,164

%%,418 %5,%13 %5,580 3%,13! 30,196 30,90%166,054 15,583 35,5%1 10,311 14,111 %6,61%

6,114 6,699 6,119 C4,%4!D 9,546 9,0%!111 1,069 538 588 5 1,!!8

3$6!026 211!') 223!6)1 266!66 2$'!)23 262!$0

C%%,6!!D C19,80%D C18,3%9D C%5,%91D C%%,3!!D C%5,41!D 323!3$) 1)1! 20'!362 2$1!3' 223!'$6 23!$23

C%5,561D C%1,1!0D C%9,1!3D C%3,990D C19,860D C3%,1%3DC%,101D C%,!8%D C%,3%4D C%,3%4D C%,3%4D C%,439D

@ @ @ @ @ @

C18,360D C%0,!18D C1%,4%3D C%3,6%4D C%4,89!D C34,386D

C%,343D C11,%0!D C!,013D C1%,!95D C4,3!1D C1,19%DC5,98%D C3,3!5D C4,%16D C%,069D C%,509D C3,090D

@ @ @ @ @ @C80,165D C1%,9%9D C18,4%1D C8,516D C11,841D C1!,186D

1,064 C%14D !% 1,951 C450D C%35D@ @ @ @ @ @

%0,085 1!,8%% 10,895 10,104 9,665 13,!!!C%!,193D C%3,9%6D C19,1%5D C30,%08D C40,038D C41,465D

@ @ @ @ @ @C1!,%63D C1!,656D C1!,!%1D C%%,100D C%8,104D C%9,%95D

81! 1,041 1,349 1,390 1,993 %,1!9

166!3$ )6!663 10!262 12)!20$ 100!10 )1!)6@ @ @ @ @ @166!3$ )6!663 10!262 12)!20$ 100!10 )1!)6

C%%,0!9D C%0,4%3D C%%,3!1D !,608 C%6,938D C11,83%DC18,5%8D C13,118D C1%,86%D C8,340D C3,443D C9,!83DC1,%48D C19D C1!D C%3D C!D C9D

12$!$)2 63!103 2!012 12!$$) 0!$22 0!3$$

12$!$)2 63!103 2!012 12!$$) 0!$22 0!3$$

38.5% 32.9% 35.1% 53.2% 31.5% 29.6%

1$3!020 6!221 $!$ 136!) 3!6' 0!12

44.2% 39.7% 41.3% 56.7% 33.0% 33.7%

160!23 )3! 102!')' 1'!) 101!)6) 10)!$22

49.6% 49.0% 50.0% 65.8% 45.6% 46.1%

133!)0$ 12$!'1 12!16) 11!26 162!'33 1$!)23

79.6% 70.1% 74.2% 74.0% 77.1% 69.8%

1)0!1 120!$23 133!213 11!$0 1')!2 1$!)'1

59.0% 62.8% 64.9% 71.0% 71.3% 62.7%

1)0!1 120!$23 133!213 11!$0 1')!2 1$!)'1

59.0% 62.8% 64.9% 71.0% 71.3% 62.7%

1$1!0'$ 1$!61 1'2!2) 203!36 12!03 12!30

88.5% 87.7% 92.5% 89.6% 88.0% 83.4%

132!1$ 13!0 1$3!'16 1)3!112 16)!21 1'!666

87.8% 87.0% 92.0% 89.1% 87.2% 82.2%

59%,%51 m 59%,489 m 591,945 m 698,634 m 698,685 m 698,5%8 m4%0,054 m 4%0,3!! m 4%0,051 m 5%1,439 m 5%%,661 m 5%%,6!1 m59%,%36 m 59%,351 m 59%,%81 m 68!,%!1 m 699,0%% m 699,%5! m


28/63

4%0,0%6 m 4%0,%09 m 4%0,19! m 511,60! m 5%%,96! m 5%3,308 m'!36 "# '!)'1 "# '!1 "# 62!1 "# 6$!622 "# 6$!' "#

$0'!626 "# $0'!0) "# $0'!) "# $)!20 "# '0!'6 "# '0!)0 "#

14,400 m 14,400 m 14,400 m 14,400 m 14,400 m 14,400 m

14,400 m 14,400 m 14,400 m 14,400 m 14,400 m 14,400 m


29/63

3Q13 $Q13 1Q1$ 2Q1$ 3Q1$ $Q1$

154,80% %16,686 16!,9%1 186,%49 184,446 %6%,!%3%6,001 %!,085 3%,18! %!,548 30,0%5 %9,3091%,960 1%,935 10,%56 9,495 9,!!1 !,3133%,530 3!,9!! 35,416 38,633 3!,8!% 45,64930,946 %5,461 %5,853 %8,543 30,414 3%,5081%,04% C%5,435D 11,411 6,599 13,!34 C%%,51!D1,4!% 333 90! 1,%01 1,011 491

20!'3 2)'!0$2 23!)'2 2)!26 30!2$ 3''!$6

C%%,103D C%6,44!D C%6,!03D C%5,!94D C%9,11!D C3%,9!8D 2$!6'0 26!')' 2'!2$) 22!$$ 2!1' 322!$)

C%!,84%D C%8,%00D C%4,495D C31,58!D C%9,534D C31,335DC3,06%D C3,%09D C3,085D C3,540D C4,045D C4,008D

@ @ @ @ @ @

C%6,849D C38,443D C%5,544D C%4,841D C%6,905D C%9,%6!DC3,430D C%,540D C3,!54D C5,!1%D

C3,900D C13,!%6D C6,334D C%,493D C%,3!%D C1,950DC3,%55D C3,!6!D C3,!13D C%,%88D C1,983D C8%3D

@ @ @ @ @ @C19,6!%D C16,%13D C15,459D C1!,919D C1!,8!5D C%0,110D

483 C331D 11,009 406 C!16D C%41D@ @ @ @ @ @

13,!89 1%,!!0 9,5%! 9,451 8,1!4 13,518C3%,66!D C48,495D C49,495D C48,!81D C50,555D C56,81%D

@ @ @ @ @ @C31,365D C36,164D C39,%9%D C40,059D C41,996D C40,%18D

C935D C%5,869D 10,364 C6%%D C4,680D C5,%3!D

113!3' 66!)$ 11!300 10!662 101!)16 1$0!30$@ @ @ @ @ @113!3' 66!)$ 11!300 10!662 101!)16 1$0!30$

C18,68!D C14,369D C%8,0%1D C3,!94D C%6,!49D C1!,308DC8,010D 4,583 C6,9!4D C10,4!0D C6,995D 1,1!5

C9D C14D C%0D C%3D %5 33 6!66) '!1$ 2!26 )3!3' 6!1) 12$!20$

6!66) '!1$ 2!26 )3!3' 6!1) 12$!20$

34.9% 21.3% 32.0% 34.3% 24.5% 38.5%

)$!6) '2!'6' )!2') 103!$' '!1)3 123!030

38.1% 19.6% 34.7% 38.1% 27.0% 38.1%

126!0$$ !2) 12!''1 1$3!)0$ 11!1) 163!2$

50.7% 33.0% 50.0% 52.8% 42.1% 50.6%

161!1$ 13!6$1 12!6 1!63' 1!'1 213!'$

73.2% 56.4% 79.9% 75.3% 73.8% 76.1%

163!61 13!3 1)6!'60 1!0'0 16!2)3 223!1'

65.8% 51.7% 76.4% 68.6% 67.0% 69.4%

163!61 13!3 1)6!'60 1!0'0 16!2)3 223!1'

65.8% 51.7% 76.4% 68.6% 67.0% 69.4%

1'!$' 203!20 1)6!031 213!')6 21'!16$ 2'!1)

87.4% 84.1% 87.1% 88.6% 87.5% 88.1%

12!'2' 1)0!' 1'!$ 20$!101 20'!3)3 2'0!6

86.5% 83.2% 86.5% 88.2% 87.0% 87.8%

!10,610 m !56,56! m !56,696 m !6%,4%8 m !6%,443 m !66,869 m533,801 m 559,489 m 559,448 m 56%,465 m 56%,435 m 566,89% m!0!,%%0 m !3!,438 m !56,619 m !58,668 m !6%,5%6 m !64,413 m


30/63

531,346 m 54!,843 m 559,3!5 m 560,49% m 56%,4!! m 564,318 m6)2!20 "# 23!03 "# $2!21) "# $$!26 "# $!126 "# $!61 "#

'16!)$6 "# '33!$$3 "# '$$!)' "# '$6!0)2 "# '$!0 "# '$!66' "#

14,400 m 14,400 m 14,400 m 14,400 m 14,400 m 15,653 m

14,400 m 14,400 m 14,400 m 14,400 m 14,400 m 15,653 m


31/63

>alane Sheet Mar-06 Jun-06

ASS=TS

or a'e %,!6! 3,4!!Sn&r- 'oan an& a&2ane %,533 5,4!1:ega' #epoi 13,85% 14,%45#e?ere& inome an& oia' onribion ae 11,9%8 6,469her 50% 45Fn2emen 343,%66 1!6,344

Fn2emen properieProper- an& eipmen 580,!56 546,!60Fnangib'e @ @#e?ere& harge 10,%45 3!!,5%8Total 7on erre& inome @ @Pa-ab'e o re'ae& parie @ @#ebenre @ @+'ien aneipaion 4,088 5,3%3her 1,4!9 1,439Total


32/63

So" aiiion 10,%95 5,38%#eb )ih re'ae& Parie 100 %!%,%95#e?ere& inome an& oia' onribion ae @ @Proper- aiiion ob'igaion @ @

Aae pai& in ina''men %,%38 %,%15Pro2iion >or oningenie 18,614 18,3%9

#e>erre& inome 58,04! 54,9!!her @ @Total 7on


33/63

Sep-06 4e-06 Mar-0 Jun-0 Sep-0 4e-0

59,841 10,598 11,%68 1%,039 4!5,%43 416,44536,0!% 5%,593 5%,000 45,996 58,830 80,%%0

%,!09 1,353 1,113 89! 81! @5,0%6 3,00% @ @ @ 3,08!

@ 1,%09 5,116 41,850 3,884 @4,986 5,%%4 5,846 6,83! 8,%10 11,384

@ @ @ @ @ 16,840@ @ @ @ @ @

108 369 %30 15% @ 1!%10!$2 $!3$ '!'$ 10!1 '$6!)3 '2!1$

1,601 1,1%3 1,145 1,19% @ 1,%01@ !,096 @ 355 %10 16,106

941 680 544 10,995 1%,088 @4,198 %6,!%8 39,15% !4,!19 !6,03% !6,8104,593 3,564 %,%94 3,06% %,915 1,569

14,%!6 14,%!6 14,335 14,%%% 14,404 @6,469 !,165 6,9!1 193,963 18!,815 166,%08

45 46 44 44 840 1,4311,948 41,1%% 4%,4!1 4%,804 153,!84 48,561

55!,3!3 61%,394 641,303 644,!50 !11,650 916,%!8@ 480,069 @ @ @ 4%!,!93

5%4,1%3 14,086 463,819 441,349 416,904 %6,3111!11'!'6 1!20!3$) 1!212!00 1!$2!$'$ 1!'6!6$2 1!62!26

1!22$!30) 1!22!6) 1!2!6'3 1!'3'!22' 2!123!62' 2!210!$1'

9,655 %3,59% 13,1%0 %!,%1% 1!,53% 16,333%01 4!,9!5 45,3%0 44,114 48,994 46,996

!,9!3 5,3%0 4,65% 5,955 9,4!1 8,93461,063 %9,086 3!,!10 53,008 44,8!4 44,!!56,!63 6,6!6 6,886 6,396 6,564 9,1151,5%4 1,014 518 319 %53 %63

551 5%5 496 430 %11 @@ @ @ @ @ @

C%01D %,644 %,%%8 858 3 1,488@ @ @ @ @ @@ 4,103 1,555 @ 340 @

1,814 3!5 666 664 %,634 6,1%8)!3$3 121!310 113!1'0 13!)'' 130!6 13$!03$

40,068 34,434 3%,15% 51,8%9 %5,%60 %1,969


34/63

@ 45,991 46,!18 4!,%11 @ @!! @ @ C0D 0 0@ @ @ @ @ @

50,435 %5,!0% %%,068 %5,644 %1,13! !!,5101,91% 1,9%! 1,881 1,849 1,80! 1,!55

18,3%9 1!,%31 16,8!3 16,488 1!,%!1 3,363

53,36% 5!,1!! 64,894 !0,0%3 81,194 96,381@ @ @ @ @ @16$!12 12!$62 1$!'' 213!0$$ 1$6!66 200!)

) 3 )06 1!236 1!20 1!31

%64,419 %64,419 %64,419 %64,419 95%,!4! 95%,!4!!45,8!! !45,8!! !45,8!! 93%,4%5 93%,4%5 93%,4%5

@ @ @ @ @ @C39,591D C31,454D C%1,%84D C14,854D C40,3!1D C11,086D

@ @ @ @ @ @@ @ @ @ @ @@ @ @ @ @ @@ @ @ @ @ @

)0!06 )!$2 ))!012 1!11!))0 1!$$!01 1!$!06

1!22$!30) 1!22!6) 1!2!6'3 1!'3'!22' 2!123!62' 2!210!$1'


35/63

Mar-0 Jun-0 Sep-0 4e-0 Jan-0) Jun-0)

36%,596 %63,893 114,!16 16!,585 18!,%13 18!,33!64,6%0 !!,441 !5,%46 99,5%9 91,334 88,6!4

@ @ @ EEE @ @%8,108 %,839 5,4!0 18,496 16,450 19,831

@ @ @ EEE @15,444 16,88% %0,40% %0,198 %1,090 %%,1!9%8,506 %8,506 %8,506 38,!04 39,49% 39,308

@ @ @ EEE @ @

664 508 88! @ 965 5,161$))!)3 3)0!06) 2$'!226 3$$!'12 3'6!'$$ 362!$)0

1,300 1,409 1,55! 1,68! 1,698 1,!%%1!,806 1%,1!! 19,8!% 1!,!6% 18,03! 1!,45!

@ @ @ EEE @!!,036 116,03% 116,359 1%9,45! 131,%00 13%,%101,605 1,554 4,650 10,3%8 19,!!3 10,968

@ @ @ EEE @ @149,094 143,05! 136,698 13!,%63 13!,%59 13!,!%6

3,81% 1,460 1,868 3,0%9 3,5%9 3,4%%11,613 %0,%50 18,!11 %%,84! 1!,603 16,053

1,08!,%41 1,%13,1!8 1,3!3,033 1,5!3,%04 1,630,588 1,!11,3%6396,639 366,636 335,866 309,890 310,5%9 310,03534,401 35,598 41,98! 3%,!5! 31,648 30,588

1!0!'$ 1!)11!3'2 2!0'0!601 2!23!22$ 2!301!6' 2!31!'0

2!20!$' 2!301!$20 2!2)'!2 2!'2!3 2!6'!$0) 2!33!))

15,846 15,!%6 15,!04 10!,360 11%,996 %9,6!84!,33! 53,041 @ EEE @ @8,115 19,653 45,898 55,05% 60,108 61,1%6

58,003 5%,8!3 46,583 45,%%% 43,6%% 44,%698,035 8,65% 11,4!4 %5,3%6 14,189 %1,406

%59 %6% %64 %6! %!1 %!3@ @ @ %0,084 %0,084 @@ @ @ %1,%65 %1,60% %6,5%8

14% 14% 190 %3,!80 54,535 55,31%@ @ @ EEE @ 3%1@ @ 3,538 8,600 11,818 13,083

8,334 %,4%6 10,849 1,510 1,56! 1,4391$6!01 1'2!' 13$!'00 30!$6' 3$0!)1 2'3!$3'

18,0%8 13,584 9,9!8 1%8,91% 1%6,110 154,985100,000


36/63

@ @ @ EEE @ @@ @ @ EEE @ @@ @ @ EEE @ @

113,%!! 106,0%0 98,36! 90,049 81,609 !%,!311,!18 1,6!1 1,6%3 1,5!4 1,5%% 1,4643,388 4,!%8 4,%39 4,5!1 4,55% 4,4!%

110,183 110,506 1%1,4!9 105,035 11!,186 114,696@ @ @ EEE @ @2$6!')$ 236!'10 23'!6' 330!1$0 330!)) $$!3$

1!311 12!)1' 12!)1$ 12!)'3 13!0 13!01)

95%,!4! 95%,!4! 95%,!4! EEE 95%,!4! 95%,!4!93%,4%5 93%,4%5 93%,4%5 958,%!6 958,!86 959,593

@ @ @ %%,084 %%,4!3 %1,6!31,33! 1!,443 %!,556 @ 44,180 89,806

@ @ @ EEE @ @@ @ @ EEE @ @@ C3,394D @ EEE @ -@ @ @ C1,9%8D C4,6%4D C4,6%4D

1!6!'0) 1!))!221 1!)12!2 1!)31!1) 1!)3!'62 2!01)!1)'

2!20!$' 2!301!$20 2!2)'!2 2!'2!3 2!6'!$0) 2!33!))


37/63

Sep-0) 4e-0) Mar-10 Jun-10 Sep-10 4e-10

!96,!94 8%!,96! 980,46! 933,011 840,118 !94,83988,549 115,11! 98,589 116,30! 13%,998 180,1%%

@ @ @ @35,!85 30,985 %1,4!1 %1,300 %1,4!1 1!,1!!

@ @ @ @34,563 38,!44 38,!0% %9,864 19,8%3 %1,89%60,38% @ @ @ @ @

@ @ @ @ @ @

3,%68 3,483 8,44% 10,091 10,559 14,1531!01)!3$0 1!016!2)6 1!1$!61 1!110!'3 1!02$!)6) 1!02!13

%,1%0 @ !4 !4 !5 @1!,!81 18,0%8 %0,!93 %!,36% %8,!55 36,154

0 @ @ @14%,%!! 141,%68 14%,0!4 136,4!9 138,146 33,1831%,!8% 9,908 9,001 8,494 !,111 8,658

@ @ %3,11! %3,%1! %3,%1! %3,%1!93,980 113,891 81,6!3 56,483 %9,483 8,!3!5,865 %1,631 !66 !99 801 69

14,864 15,38% 14,418 14,891 11,841 1%,018

%,006,505 %,05!,!3% %,1%%,43% %,%66,899 %,496,6!51,8!5,904 15,58% 15,510 16,306 18,%99 18,504309,!%9 309,4!5 310,%06 313,86! 31!,901 3%0,588%9,650 @ @ @ @ @

2!'0$!)'' 2!6'1!60 2!6'!36$ 2!20!$0$ 2!$2!'2 2!)'!03

3!'2$!2)' 3!66!)66 3!23!03' 3!30!) 3!6!$) 3!)'!)6

43,!5! 41,660 50,!84 !%,413 59,968 61,!98@ @ @ @ @

!1,333 66,!6% 59,843 64,94! !3,155 !9,38453,398 6%,1%% 6%,130 54,%0! 46,619 41,9891!,591 %4,904 %3,!54 1%,543 13,4!9 %5,900

%!6 @ %81 1 1 @40,5%1 40,5%1 %84 %8! 51,469

39,64% 54,%!9 68,8!8 33,154 41,839 4%,163!%,9%1 9%,%14 94,%90 94,%90 94,%!4 94,%!4%,888 386 %,!64 100,541 103,6%1 100,!09

13,346 9,559 4,533 @ @ 10,8!91,861 1,!43 1,850 3,9%8 %,096 %,%!!

31!013 3)$!1'0 $0)!62 $36!30) $3'!33) '10!$2

135,660 130,035 %%3,566 %%1,154 %18,!59 %46,3!8100,000 100,000 100,000 @ @ @


38/63

@ @ @ @ @ @@ @ @ @ @ @@ @ @ @ @ @

1%%,465 1%!,481 115,454 110,30% 104,188 98,9611,415 1,359 1,30% 1,%44 1,184 1,1%%4,945 %1,435 %%,413 %%,46! %%,348 %1,66%

9!,45! !!,698 6!,863 116,8%1 116,69% 141,5!0@ @ @ @ @ @$61!)$3 $'!00 '30!') $1!) $63!11 '0)!6)3

12!6) - - - - -

1,641,!4! 1,!45,09! 1,!61,66% 1,!61,66% 1,!61,66% 1,!61,66%960,644 961,691 96%,855 966,153 96!,535 969,186%1,%9% 1%%,408 169,%63 %01,1%5 10%,19% %68,060

138,515 @ @ @ 145,050 @

@ @ @ @ @ @C%4,914D C%0,83!D C%1,016D C%1,016D C%1,016D C%1,016D

- - @ @ @ @C4,6%4D C4,6%4D C4,6%4D C1,840D C5,451D C34,!69D

1%,0!3 14,6!0 16,59! 19,015 %%,3%82!32!660 2!1'!0 2!2!10 2!)22!61 2!)6!) 2!)6'!$'1

3!'2$!2)' 3!66!)66 3!23!03' 3!30!) 3!6!$) 3!)'!)6


39/63

Mar-11 Jun-11 Sep-11 4e-11 Mar-12 Jun-12

!84,!%6 559,46! 53%,860 558,343 655,034 445,938150,!08 168,683 1!9,108 %19,%19 194,1!! %0!,495

91,%36 10!,318@ @ @ @ EEE @

19,88! %1,9%0 19,16% %%,81! %1,801 18,%4!@ @ @ @ EEE @

%4,499 40,4!% 66,444 83,335 90,!69 48,631@ @ @ @ EEE @@ @ @ @ EEE @

1!,!06 14,040 1%,9%9 14,140 1!,!83 13,%!8))!'26 0$!'2 10!'03 )!'$ 1!00!00 $0!)0

@ @ @ @ EEE @35,913 3!,044 36,!6! %6,3%6 %1,540 19,14%

@ @ @ @ EEE @35,685 !1,004 !!,060 45!,183 31%,60% 314,%359,910 9,396 10,038 8,909 8,459 9,630

%3,464 %3,59% %4,901 %4,943 %5,%!4 %5,301@ @ @ @ EEE @86 86 85 !5 EEE 940

1%,6%4 10,65! 10,!99 11,4%9 1%,493 1%,%!9

%,58!,533 %,!39,%11 %,9%%,!56 %,98!,!5! 3,115,590 3,380,00018,%!! 18,%18 18,395 19,81% 19,49! 19,31%319,83! 319,100 318,%18 31!,349 3%1,58% 3%6,901

@ @ @ @ EEE @3!0$3!32) 3!22!30 3!$1)!01) 3!'3!3 3!3!112 $!10!$0

$!0$0!'' $!032!)0 $!22)!'22 $!'1!63 $!)0!)12 $!)$!6$

45,!5% 46,6%9 51,089 55,65% 66,0%5 !!,83%@ @ @ @ EEE @

!%,464 88,380 104,11! 108,941 118,5!1 146,91835,4!4 40,361 38,89% 41,436 45,54% 49,89331,040 41,31% 5!,301 60,88! !8,69! 51,869

@ @ @ @ EEE @51,469 @ @ 85,04% 85,0!% @3!,118 53,1%5 38,3%6 5%,09! 41,886 46,464

3%5 3%5 450 @ 303 @103,833 @ @ @ %,310 9,391

1,598 @ @ 9,095 1!,%45 30,96!1,530 1,6%4 3,46! 13,543 3,154 %,89!

30!603 21!'6 2)3!6$2 $26!6)3 $'!0' $16!231

%53,545 3%0,036 40%,6%% 501,503 !%4,58! 804,180@ @ @ 300,000 EEE 300,000


40/63

@ @ @ @ EEE @@ @ @ @ EEE @

16,%81 %1,0!9 40,408 48,135 66,3%0 !9,6%894,59% 111,346 10%,949 9%,%14 80,181 69,1181,060 993 95% 861 818 !%3

%1,6!8 %1,4%5 %1,338 %1,360 %1,4%! %1,343

15%,483 151,454 168,!66 144,511 13!,!1% 1%3,854@ @ @ @ EEE @'3)!63) 626!333 3!03' 1!10!'$ 1!331!0$' 1!3)!$6

- - - - EEE -

1,!61,66% 1,!61,66% 1,!61,66% 1,!61,66% EEE 1,!61,66%9!0,414 966,%39 968,%3! 968,403 969,1%0 960,99!330,619 340,06% 405,958 414,101 414,%%8 365,381

@ @ @ @ 1%3,5!9 186,951

@ @ @ @ C89,996D C89,996D C%1,016D C%1,016D C%1,016D C%1,016D EEE C%1,016D @ @ @ @ EEE @

C40,0!9D C33,161D C40,340D C34,%58D C39,691D C30,605D 119,013 1%1,015 1%4,344 1%!,468 1!6 196

3!120!613 3!13$!01 3!1)!$' 3!216!360 3!11!062 3!133!'0

$!0$0!'' $!032!)0 $!22)!'22 $!'1!63 $!)0!)12 $!)$!6$


41/63

Sep-12 4e-12 Mar-13 Jun-13 Sep-13 4e-13

3%4,%30 395,001 %31,400 453,%%4 533,099 351,54%%04,1!0 %19,59% 1!4,%6% 18%,035 %00,139 %4!,689135,588 166,084 195,116 %%8,!0% 151,166 159,994

@ @ @ @ @ @EEE @ @ @ @ @

%1,19! 14,963 6,803 6,103 3,65! %,88%3,593 %8,6%3 5,649 14,!46 16,%5% %5,910

@ @ @ @ @ @EEE @ @ @ @ @

19,905 %!,0!5 66,491 39,166 48,88! 51,!900!63 '1!33 6)!21 )23!)6 )'3!200 3)!0

@ 16,!50 15,5%3 15,16! 13,%3% 13,%0635,808 61,4!3 58,%%6 58,084 61,618 56,38!

@ @ @ @ @ @3%0,86% 333,1!5 335,53% 33!,!34 339,5!0 348,6%4

@ @ @ @ @ @%5,354 %4,!9% %5,816 %5,494 %!,898 %!,549

@ @ @ @ @ @10,903 4,013 4,!5% 3,645 8,355 !,0341%,351 4,493 4,330 3,800 4,4!9 4,149

3,!41,046 4,030,5!5 4,%15,348 4,419,54% 4,6!8,!0% 4,81!,!3819,%65 1!,366 1!,114 1!,338 1!,366 1!,3!1330,336 340,53! 34%,8!5 34%,131 344,%54 343,!3!

@ @ @ @ @ @$!$)'!)2' $!33!1$ '!01)!'16 '!222!)36 '!$)'!$$ '!63'!)'

'!20$!60 '!6$!'12 '!6))!23 6!1$6!)12 6!$$!6$ 6!$'!602

80,38% 106,9%8 1%5,6%1 15!,63! %09,161 %03,%13@ @ @ @ @ @

%14,%51 185,3%5 184,3%% 154,!!9 1%0,368 1%0,63!5%,953 50,093 44,350 48,10% 3!,%9% 34,94!19,!%6 19,1%6 %3,013 34,106 48,50% 49,981

@ @ @ @ @ @EEE 106,99! 106,99! 38,416 38,40% 38,386

41,468 49,9%9 55,485 41,!16 31,634 53,!38@ @ @ @ @ @

1,548 !,4%5 1,5!5 !,!3% 1,90% 9,6581!,!96 18,3!3 9,913 @ @3,006 5,%3% 5,06% 3,!!5 %,85% %,!46

$31!130 '$)!$2 ''6!33 $6!263 $)0!113 '13!306

981,181 1,385,%81 1,35!,301 1,309,396 1,615,999 1,6%0,6%6300,000 300,000 300,000 300,000 300,000 300,000


42/63

@ @ @ @ @ @EEE @ @ @ @ @

9%,490 101,934 106,0!5 114,333 1%%,344 11!,!6160,01% 50,49! 44,0%0 61,906 4%,530 35,130

658 5!9 510 !4! @ @%4,%5% %4,663 %%,880 %%,!40 %3,9%0 %4,3%5

105,846 66,!90 44,500 %5,8!! %6,9!6 45,050@ @ @ @ %,638 5951!'6$!$3) 1!)2)!$$ 1!'!26 1!3'!000 2!13$!$0 2!1$3!$

- - - - - -

1,!61,66% 1,!61,66% 1,!61,66% %,388,06% %,388,06% %,388,06%96%,94! 965,%!1 96!,59! 959,01% 8!1,918 963,954365,536 6%6,696 568,!%5 5!0,%80 5!0,%80 !1!,861%58,80% @ 69,361 93,560 %%5,%19 @

58,!%6 @ @ @C89,996D C89,996D C89,996D C89,996D C90,000D C89,996D

C%1,016D C%1,016D C%1,016D C3!,156D C38,611D C38,6%8D @ @ @ @ @

C%9,006D C3!,408D C4!,584D C58,%66D C10%,88%D C1%%,6%6D 110 131 138 154 168 18%

3!20)!03) 3!20'!3$0 3!26!613 3!2'!6$) 3!2$!1'$ 3!1!0)

'!20$!60 '!6$!'12 '!6))!23 6!1$6!)12 6!$$!6$ 6!$'!602


43/63

&F 1!000

Mar-1$ Jun-1$ Sep-1$ 4e-1$

%53,!59 195,0%! %13,03% 338,3%%%40,!65 %63,093 %!!,998 350,4%3163,638 166,5%9 15!,64! 156,4%0

@ @ @@ @ @

%,640 %,!%% %,538 %,48614,%06 %,688 3,356 %,661

@ @ @ @@ @ 33,5!1 %0,945

64,649 !6,3%0 %8,010 18,6603)!6' 06!3) 16!1'2 )!)1

1%,965 1%,69% 1%,5!0 1%,4%%54,%04 53,04! 51,98% 51,543

@ @ @350,506 361,603 365,193 193,!84

@ @ @ @%!,866 %%,604 %%,640 14,000

11085 15,443 16,!68 18,4539,103 18,91! 19,55% 19,99%

15,15! 15,564 9,06! 6,6!0

4,851,454 4,890,%33 4,914,089 5,1%8,89435,%0% 34,005 3%,9!1 3%,4!6344,!56 346,!65 348,%16 349,53%

@ @ @'!12!2) '!0!3 '!)3!0$ '!2!6$

6!$'1!)'' 6!$!2'2 6!'0)!200 6!1!61

%0%,499 %00,389 %0!,09! %06,481@ @ @ @

95,453 !0,144 !!,1%5 90,11341,13! 40,!33 38,014 3%,3!84!,45! %0,6%0 38,61% 45,%%8

@ @ @ @@ 59,9!1 59,9!1 !3,059

40,!%8 3!,661 3!,480 33,6!3@ @ @

%,3!! 10,!%4 15%,%91 9,!35@ @ @

1,989 9,!%3 %,014 5,614$31!63) $$)!)6' 612!60' $)6!21

1,5!4,%40 1,543,005 1,494,!13 1,550,1!3300,000 300,000 150,000 398,%%3


44/63

@ @ @@ @ @

13!,115 150,64! 158,406 159,69938,054 30,004 %1,410 1!,530

@ @ @%4,0!5 %1,38% %1,9%1 15,94%

48,010 3!,635 13,948 10,1!555! 4!6 3!% 52!122!0'1 2!03!1$ 1!60!0 2!1'1!$6

- - - -

%,388,06% %,388,06% %,388,06% %,388,06%96!,039 965,144 96%,0!! 966,085!19,%%6 !19,%%% !19,%%4 93%,4%381,154 105,660 1!0,599 @

@ @ @ @C89,996D C89,996D C89,996D C89,996D

C38,6%8D C38,6%8D C38,!!1D C38,993D @ @ @ @

C1%8,!96D C106,86!D C!!,998D C90,!04D %03 1,54% %,6%8 %,!!!

3!)!26$ 3!)$$!13) $!03'!2' $!06)!6'$

6!$'1!)'' 6!$!2'2 6!'0)!200 6!1!61


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1,000

Total Sales .Shopping 100*

Operating Shoppings Portfolio 1Q06 2Q06 3Q06 $Q06BHShopping 88,!48 101,90! 104,145 144,591RibeiroShopping 51,481 58,896 6%,450 83,48!BarraShopping 180,%63 194,858 %01,381 %!%,159MormbiShopping 1%%,346 149,513 14%,051 %18,814Par"Shopping 88,18% 103,481 103,360 143,95!#iamon&Ma'' 3!,63% 43,50% 46,!89 61,5%4(e) *or" +i- +ener 30,8!4 30,110 %9,853 3!,%%%Shopping .n/'ia$rano 69,!39 80,31! 80,3%% 110,180Par"ShoppingBarigi 58,410 !%,343 !4,96% 101,499P/io Sa2ai @ @ @ @Shopping Sanar'a @ @ @ @BarraShoppingS' @ @ @ @Shopping i'a'7mpia @ @ @ @

Par"ShoppingSo+aeano @ @ @ @Jn&ia7ShoppingPar"ShoppingampoGran&ei''ageMa''Pare Shopping MaeiTotal 2!6' 3$!)2 $'!313 1!13!$32

&ent &e/enue .>ase &ent @ O/erage &ent @ Merhan,ising - 4oes not inlu,e Strai

1Q06 2Q06 3Q06 $Q06

&ental &e/enue 2)!'' $!))$ $$!26) 66!121

ParHing &e/enue

Shopping


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Re2ene ne >rom ran>er &o parner in ma''


47/63

1Q0 2Q0 3Q0 $Q0 1Q0 2Q0 3Q0 $Q0104,44% 115,314 1%0,!4% 158,431 119,8!% 13%,!%6 13!,%35 1!9,40%63,%88 !1,688 !3,836 101,%0% !6,149 84,66% 86,8!1 115,5%!

%00,991 %13,%14 %19,%10 %93,169 %%4,%9% %31,668 %4%,%8% 3%3,019158,4!1 190,460 181,!%9 %51,5!0 183,55% %14,998 %16,411 %83,649101,315 114,85% 118,335 15!,!05 115,046 1%4,180 1%9,99! 183,!3546,655 51,961 5!,011 !5,%38 59,966 68,916 !0,54! 88,00134,153 30,5%6 31,9%! 38,104 35,691 3%,409 33,13% 39,8!5!8,595 95,561 9%,943 1%5,801 93,86% 105,943 103,858 136,013!6,!3% 88,159 91,996 11!,584 93,0!! 106,383 10%,3!4 130,004

@ @ 4%,133 58,645 43,936 49,555 54,6!8 !0,5!1@ @ @ @ @ 18,54% %6,%94 %9,645@ @ @ @ @ @ @ !1,15%@ @ @ @ @ @ @ @

@ @ @ @ @ @ @ @

6$!6$2 )1!3 1!02)!60 1!3!$$) 1!0$'!$$2 1!16)!)1 1!203!60 1!6'0!')2

ght Line =et

1Q0 2Q0 3Q0 $Q0 1Q0 2Q0 3Q0 $Q0

'2!$'3 '$!36 ''!'1 !001 60!'6$ 6!2 6!))$ )!)23

1Q0 2Q0 3Q0 $Q0 1Q0 2Q0 3Q0 $Q0308 1,%63 1,333 1,566 1,568 1,831 1,9%1 %,3%4@ @ @ @ @ @ @ @

831 3,0!0 4,081 4,535 4,3%1 4,41% 4,654 5,%15%,%55 4,048 3,933 4,6%1 3,943 4,039 5,195 5,606

@ @ @ @ @ @ @ @3%4 !11 840 818 863 1,006 1,038 1,1!630! 63% 838 951 1,091 983 95% 1,049

@ @ @ @ @ 1,%59 %,108 %,%1%@ @ @ @ @ 185 1,903 %,064@ @ 61% 84% 938 1,064 1,%18 1,35%@ @ @ @ @ @ @ 19@ @ @ @ @ @ @ @@ @ @ @ @ @ @ @

$!02' )!23 11!63 13!333 12!2$ 1$!) 1!)) 21!016

C1,463D C5,061D C6,%09D C6,43!D C6,500D C6,600D C!,8%8D C8,99%D2!'62 $!662 '!$2 6!)6 6!22$ !1) 11!161 12!02$


48/63


49/63

1Q0) 2Q0) 3Q0) $Q0) 1Q10 2Q10 3Q10 $Q10133,84% 146,0!6 148,605 %06,681 156,8!! 166,844 168,9!6 %!3,55488,991 95,818 93,305 134,03% 103,3!9 110,145 11%,%93 151,630

%35,403 %59,564 %80,3!8 3!%,359 %88,1%9 308,648 319,099 434,!30%04,535 %41,384 %31,348 3%5,8%1 %39,%%0 %!5,05% %66,599 368,055135,6!6 151,65! 149,990 %%0,!0% 1!3,0%4 1!%,!9! 181,9!3 %4!,58364,6!0 !6,%45 !!,816 113,%41 93,355 103,431 105,399 1%9,34333,%46 31,%88 33,050 41,955 46,%19 40,481 40,983 50,8%99!,9%8 114,810 1%1,863 189,%!! 14%,51! 158,804 15!,381 %%9,041

101,%%8 111,459 104,1!5 148,5%9 113,556 1%%,!48 119,%91 185,5085%,63! 59,%41 60,%64 81,43% 60,%56 66,58% 68,!8! 88,330%1,051 19,5%6 18,068 %5,1!! %0,5!9 %4,991 %8,066 36,1589%,006 100,549 96,983 135,406 10!,308 11!,185 1%3,603 16%,185

@ @ @ %9,%36 41,1!4 46,884 5%,445 !3,898

@ @ @ @ @ @ @ @

1!261!212 1!$0!61$ 1!$1'!$' 2!023!$ 1!''!')$ 6!3)! 1!$$!)' 2!$30!$$

1Q0) 2Q0) 3Q0) $Q0) 1Q10 3Q0) 3Q10 $Q10

)!3)0 1!$) 1!') 123!'33 ))!0'1 100!01 102!0$ 11)!$16

1Q0) 2Q0) 3Q0) $Q0) 1Q10 2Q10 3Q10 $Q10%,040 %,155 %,090 %,615 1,118 1,118 1,166 1,613@ !61 1,509 %,015 !69 801 844 1,040

4,065 5,89! 5,333 5,9%3 1,968 1,984 %,101 %,6!%4,58% 5,903 5,!!0 6,!18 %,55! %,588 %,804 3,430

@ @ @ 1,!!0 800 605 !%6 1,0%01,08% 1,0!1 1,191 1,486 1,%14 1,%11 1,%43 1,3691,0!3 1,%44 1,10% 1,340 1,068 914 1,056 1,04%1,488 %,346 %,%19 %,816 1,419 1,3!0 1,4%6 1,!00%,000 1,!14 1,!1! %,191 1,!3% 1,!54 %,01! %,!161,3%6 1,196 1,%61 1,844 1,36! 1,35% 1,413 1,594

@ 185 %%% %85 %0! %38 313 44445 635 1,338 1,639 1,4!1 1,481 1,516 %,0%4

@ @ @ 1%! 305 89 199 516

1!00 23!106 23!'$ 30!1 1'!))' 23!'$ 16!2' 21!10

C!,160D C10,%99D C9,893D C13,0%0D @ @ @ @10!'$0 12!0 13!60 1!'1 1'!))' 13!60 16!2' 21!10


50/63


51/63

1Q11 2Q11 3Q11 $Q11 1Q12 2Q12 3Q12193,415 %08,609 %13,858 %95,096 %18,348 %34,!4! %40,!54111,!44 119,4!5 115,091 161,0!% 118,834 1%!,9%1 1%8,88531!,!!4 349,%98 349,!64 49%,!99 348,1%6 3!6,!95 388,%!6%59,9%% 300,48! %85,584 388,81% %80,560 319,!09 %96,14!1!5,58! 18!,68% 18!,%05 %64,535 19%,0%% 199,933 %05,98096,186 106,631 108,%3% 143,459 109,161 1%1,696 1%%,6804!,860 44,!1! 4!,638 56,144 5%,938 4!,%85 50,1%3

160,946 186,595 1!9,858 %46,!0! 168,4!5 %01,468 190,9!8143,504 159,1%5 15!,110 %18,658 161,38% 184,355 1!5,49568,!66 !3,49! !3,084 93,038 !%,999 !8,883 !!,9%!%9,055 31,6%4 3%,%35 44,11! 3%,8%3 36,640 40,568

1%0,%86 13%,018 136,%55 183,85! 139,603 150,499 156,%8561,3%0 6!,01! 64,!!! 88,903 69,3%8 !4,946 68,!15

@ @ @ 80,041 85,9!4 99,618 98,64%

1!6!36$ 1!)66! 1!)'0!6)3 2!'!23' 2!0'0!'' 2!2'$!$)$ 2!2$1!$'$

1Q11 2Q11 3Q11 $Q11 1Q12 2Q12 3Q12

112!$'0 11'!20 11!3'1 1$2!0$) 12!0) 133!'3 130!3'

1Q11 2Q11 3Q11 $Q11 1Q12 2Q12 3Q121,534 1,555 1,566 1,884 1,544 1,59! 1,!%0958 1,01! 969 1,166 1,009 1,005 9!6

%,038 %,168 %,195 %,4!3 %,!34 %,646 %,5%4%,!43 %,864 %,!9! 3,!16 3,088 3,%36 3,010

!63 831 848 1,130 861 !9! 8%61,395 1,348 1,369 1,61! 1,3!3 1,49% 1,6%41,09% 1,0%% 1,144 9!% 1,33! 1,3%3 1,3961,493 1,!04 1,!5% 1,94% 1,583 1,!%0 1,68!%,183 %,%10 %,64! 3,0%9 %,534 %,8%3 %,!361,663 1,554 1,6%3 1,!4! 1,595 1,861 %,%45

36% 359 38! 48! 48! 491 5311,681 1,649 1,!%4 %,%9! 1,60% %,%15 %,4%%

648 !66 !54 809 961 %,05% 1,886

1,418 1,!10 1,955 1,99!

1!''3 1)!0$6 1)!' 2$!6 22!$1 2'!21$ 2'!'0

@ @ @ @ @ @ @1!''3 1)!0$6 1)!' 2$!6 22!$1 2'!21$ 2'!'0


52/63


53/63

$Q12 1Q13 2Q13 3Q13 $Q13 1Q1$ 2Q1$314,9!8 %34,1%% %46,8%3 %54,%99 334,966 %46,184 %63,351194,050 143,9!8 150,381 160,!89 %%1,408 165,550 181,106514,%1! 3!9,3%9 3!9,149 409,064 559,663 391,694 41!,91440!,136 %96,5%6 331,5%1 316,61! 436,85! 33%,041 386,%85%84,%!4 %13,!3! %%3,%!9 %30,%8% 318,494 %3%,455 %4!,146155,933 1%0,580 1%8,9!0 131,%81 1!0,014 131,%05 145,96458,606 5!,941 48,86! 53,51% 58,880 58,093 51,1%%

%68,056 188,961 %13,!9! %13,!43 %9!,8!8 %06,95% %34,166%3!,%!% 181,566 193,999 190,135 %50,901 186,119 198,3!4101,!01 !!,9!% 81,514 8%,!60 105,!35 !9,548 85,14854,006 41,1%! 44,833 46,089 54,810 4%,4%1 4%,00%

%04,398 149,631 161,844 161,465 %1!,599 15!,!54 1!5,44!89,698 !0,436 !!,951 !6,6%4 9!,533 !!,!50 81,693

134,%18 100,045 11%,3%8 114,635 154,!!! 109,188 1%!,45680,441 66,4!! !!,00% !8,6!4 108,943 84,4%6 98,88150,5!4 6!,838 !5,%83 81,503 1%6,%98 !9,8%4 9%,163%6,659 55,34! 66,646 !%,4%5 91,6%6 9%,410 1%!,841

44,19! 49,400 55,3543!16!216 2!$$'!613 2!61$!1 2!63!)6 3!6'0!'0 2!23!01' 3!011!$1$

$Q12 1Q13 2Q13 3Q13 $Q13 1Q1$ 2Q1$

1$!')) 163!)2 162!1$) 166!$$ 1)1!2'1 1)!330 1)2!$

$Q12 1Q13 2Q13 3Q13 $Q13 1Q1$ 2Q1$%,069 1,954 %,0%! %,083 %,530 %,1%5 %,3981,33! 1,134 1,103 1,%!4 1,38! 1,%45 1,3033,149 %,366 %,666 %,!95 3,151 3,338 3,3%83,835 3,303 3,391 3,%96 4,148 3,811 4,%631,18% 966 9%6 9!5 1,%6! 1,100 1,1331,849 1,!9! 1,914 1,9!6 %,184 1,985 %,1551,%31 1,455 1,%90 1,34! 1,43% 1,634 1,6081,96% 1,!30 1,!!8 1,839 %,335 1,83% %,0%33,%4! %,!%! %,9%3 3,%99 3,!!4 3,%00 3,654%,0!% %,345 %,01% %,105 %,3%% %,1!4 %,%98

655 649 !38 !6% 834 686 654%,68% %,19% %,409 %,5!5 3,0!4 %,6%5 3,1141,94! 1,96! 1,959 1,991 %,0!5 %,105 1,984

%,339 1,996 %,08! %,18% %,453 %,%81 %,5051,4!! 1,%!! 1,340 1,3!8 1,648 1,!10 1,968

560 1,01! 1,084 1,1!% 1,584 1,49! 1,5!954% 1,3%% 1,%53 1,480 1,669 1,904 %,4%5

111 165 %4032!13 30!1)6 30!)02 32!'30 3!) 3'!$16 3!633

@ @ @ @ @ @ @32!13 30!1)6 30!)02 32!'30 3!) 3'!$16 3!633


54/63


55/63

&F 1!000

3Q1$ $Q1$%56,498 361,9!61!9,640 %46,44!44%,606 605,045364,1%! 490,158%43,%%4 344,81614%,%33 1!5,5%848,830 60,%60

%%%,49% 314,!8%194,994 %66,00%8!,!%9 114,!1941,%41 54,318

1!1,!3% %43,3%9!9,9!5 110,5!4

119,463 164,9!!91,3!6 1%!,!8190,4%5 144,9!4

1%0,665 140,98365,905 95,504

2!)63!1'' $!062!1$

3Q1$ $Q1$

1)!1$ 2$0!206

3Q1$ $Q1$%,356 %,9641,31! 1,6103,444 3,9544,4!% 5,3%81,1!% 1,6!3%,14! %,3951,460 1,43%%,008 %,4663,548 4,51!%,148 %,463

5!5 6983,048 3,!!4%,041 %,35!

%,35! 3,08%1,898 %,%9%1,51% 1,998%,0!% %,%16

%9! 4313!2 $'!6$)

@ @3!2 $'!6$)


56/63


57/63

%n,iators;inanial .MT= * 1Q06 2Q06 3Q06

Gro Re2ene 50,084 69,56% 66,!!3(e Re2ene 45,!3% 64,093 61,313Hea&arer 15,995 1!,316 19,199Rena' Re2ene %9,55! 4!,994 44,%69Rena' Re2eneLm 146 ROLm %3! ROLm %19 ROLmShopping +ener IBFA#.

.&e& +ono'i&ae& IBFA#. %1,6%0 38,866 30,%89

.&e& +ono'i&ae& IBFA#.Lm 10! ROLm 19% ROLm 150 ROLmShopping +ener IBFA#. Margin.&e& +ono'i&ae& IBFA#. Margi 4!;3< 60;6< 49;4

fundamentals spreadsheet 4q14

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