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SALES TOTAL R$ 2.9 BILLLION AND
EBITDA MARGIN REACHES 79.4% IN 3Q16

São Paulo, November 8th, 2016 - Iguatemi Empresa de Shopping Centers SA (Iguatemi) [Bovespa: IGTA3], one of the largest full-service companies in the shopping center industry in Brazil, announces its 3Q16 results:

3Q16 HIGHLIGHTS:

  • Total sales were R$ 2.9 billion in 3Q16, a 1.9% increase versus 3Q15

  • Same-area sales (SAS) were up 2.4% in 3Q16, above same-store sales (SSS) of 1.0%, showing an efficient tenant mix shift

  • Same-store rent (SSR) was up 7.4% in 3Q16, and same-area rent (SAR) was up 6.4%

  • Net revenues reached R$ 161.1 million in 3Q16, a 1.1% growth YoY

  • Net profit reached R$ 40.6 million and FFO were R$ 67.3 million

  • Leverage ended 3Q16 at 3.40x Net Debt/EBITDA

  • Issuance of R$ 275 million in securitization of real estate receivables (CRI), on July 12th 2016, placed with a final rate of CDI - 0.1% p.a. and total term of 7 years

  • Dividends of R$ 60mn paid on September 15, 2016

  • Celebration of Iguatemi São Paulo’s 50th anniversary

Click Here to access the Earnings Release.

Conference Call:
Date: November 9th, 2016 (Wednesday).
Time: 8:00 a.m. (US EST); 11:00 a.m. (Brasília Time)
Phone: +1 412 317-5459
Code: Iguatemi
Webcast: click here

Replay: November 9th, 2016 (Wedndesday) until November 16th, 2016 (Wednesday). You can access the replay by dialing +1 412 317-0088 (Code: 10079193), or through the webcast platform.

Participants are requested to connect five minutes prior to the time set for the conference calls.

For additional information, please contact ri@iguatemi.com.br or visit the company‘s IR website www.iguatemi.com.br/ir.

Investor Relations

Cristina Betts
CFO

Roberta Noronha
IR and Integrated Planning Director

Carina Carreira
IR Coordinator

Elisa Manzato
IR Analyst

Tel.: +55 (11) 3137-6872 / 6877

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