Zambal Spain Socimi Sa · BME:YZBL
Zambal Spain Socimi Sa — Shareholder Meeting (June 2017)
18 slides from Zambal Spain Socimi Sa's shareholder meeting presentation, Jun 26, 2017
Slide 1: General Shareholders Meeting 26th June 2017
General Shareholders Meeting 26th June 2017 1
Slide 2: 1. Business Highlights
1. Business Highlights More than €760m invested since 2013 in Spain Currently 9 Real Estate assets owned with an acquisition value of €650m* 181,509 sq m of GLA Owned ~100% Portfolio Occupancy No recourse to bank financing across the entire portfolio *Two assets (ABC Serrano and Preciados 9) have be
Slide 3: 1. Business Highlights
1. Business Highlights ~89% of the portfolio’s GLA consists of office buildings Long and medium-term leases Multidisciplinary management team with a wide experience in the sector At least 80% profit-sharing as dividends as per SOCIMIs Legislation €29.6m distributed as dividends since incorporation i
Slide 4: 1. Who are we?
1. Who are we? • Zambal Spain Socimi S.A. (hereinafter Zambal), is an investment vehicle created in 2013. Zambal’s purpose is to invest and subsequently manage prime real estate assets in well-consolidated markets. • Zambal is focused on a long-term investment policy, principally based on assets tha
Slide 5: 2. 2016 Summary
2. 2016 Summary 1) Zambal is oriented towards the market segment of productive recurring rents-generating assets, preferably tertiary and located in Madrid and Barcelona: I. In 2015 the sale of the ABC Serrano and Preciados 9 buildings was agreed as they didn’t align with the group’s strategy. The j
Slide 6: 3.1. Like for Like Portfolio Evolution
3.1. Like for Like Portfolio Evolution € Assets Acquired 2013 € Assets Acquired 2014 300,000,000 78,000,000 + 34.2% 76,000,000 250,000,000 74,000,000 + 14.4% 200,000,000 72,000,000 150,000,000 70,000,000 68,000,000 100,000,000 66,000,000 50,000,000 64,000,000 62,000,000 0 Adquisition Valuation Valua
Slide 7: 3.2. Portfolio Evolution
3.2. Portfolio Evolution € Portfolio Evolution 800,000,000 700,000,000 + 15.3% 600,000,000 500,000,000 400,000,000 300,000,000 200,000,000 100,000,000 0 2014 2015 2016 2017 Adquisition Value Current Value (€) 7 RICS valuations by an external expert.
Slide 8: 4. Assets Acquired in 2013
4. Assets Acquired in 2013 PLAZA DE CATALUÑA 23 (Barcelona) DEPARTMENT STORE ▪ Acquisition Date: June 2013 ▪ GLA: 7,393 sq m ▪ Tenant: El Corte Inglés The property is located on the corner of Plaza de Cataluña and Las Ramblas, one of the most prestigious retail locations in Barcelona. It is one of t
Slide 9: 4. Assets Acquired in 2014
4. Assets Acquired in 2014 PRINK BUILDING (Madrid) OFFICE BUILDING ▪ Acquisition Date: June 2014 ▪ GLA: 9,798 sq m + 187 parking units ▪ Tenant: ENAGAS Prink Building is strategically located in Embajadores neighborhood, an area enjoying a steady growth due to Madrid Río scheme delivered in 2012 and
Slide 10: 4. Assets Acquired in 2015
4. Assets Acquired in 2015 AVDA. DE BURGOS 118 (Madrid) OFFICE BUILDING ▪ Acquisition Date: January 2015 ▪ GLA: 11,237 sq m + 448 parking units ▪ Tenant: BMW An emblematic modern business complex overlooking the A-1 motorway with a premier building specification. The building is facing to Castellana
Slide 11: 4. Assets Acquired in 2016
4. Assets Acquired in 2016 AVDA. DE MANOTERAS 40 (Madrid) LEISURE CENTRE ▪ Acquisition Date: May 2016 ▪ GLA: 12,923 sq m + 980 parking units ▪ Tenant: Multi Tenant (Main tenant CINESA-AMC) The retail building has a gross lettable area of 12,923.55 sqm and 980 parking spaces at basement level. It is
Slide 12: 4. Assets Sold in 2016
4. Assets Sold in 2016 ABC SERRANO SHOPPING CENTRE PRECIADOS, 9 RETAIL BUILDING Located in the district of Salamanca ▪ Acquisition Date: 2013 Exclusive building located in Calle in the heart of Madrid´s golden Preciados, main retail street in mile. • Acquisition Date: 2013 Spain. ▪ GLA: 13,964 sq m
Slide 13: 5. Financial Information
5. Financial Information (€'000) Balance sheet 31/12/2016 31/12/2015 (*) Variance % Variance Non-current assets 632,898 487,839 145,059 30% Property, plant and equipment 0 1 (1) (100%) Investment properties 623,122 478,967 144,155 30% Long-term investments 9,776 8,871 905 10% Current assets 28,476 1
Slide 14: 5. Financial Information
5. Financial Information (€'000) Balance Sheet 31/12/2016 31/12/2015 (*) Variance % Variance Equity 529,099 478,361 50,738 10.61% Share capital 474,806 450,806 24,000 5.32% Share Premium 23,722 24,194 (472) (1.95%) Reserves 5,284 2,869 2,415 84.18% Treasury shares (1,574) (2,140) 566 (26.45%) Profit
Slide 15: 5. Financial Information
5. Financial Information (€'000) Income Statement 31/12/2016 31/12/2015 (*) Variance % Variance Incomes 35,425 18,732 16,693 89.11% Total Revenue 35,425 18,732 16,693 89.11% Staff Costs (136) (101) 27 34.65% Other Operating Expenses (6,711) (3,396) (834) 97.61% Fixed Asset Depreciation (9,212) (4,72
Slide 16: 5. Financial Information
5. Financial Information €'000 31/12/2016 31/12/2015(*) 31/03/2015 Income 35,425 18,732 17,788 EBITDA** 28,551 15,235 15,254 Investment Properties (IP) 623,122 478,967 309,594 % EBITDA / IP 4,58% 3.18% 4.93% * 9 months exercise (1/4/15 to 31/12/15). ** EBITDA is calculated as Operating Result - Fixe
Slide 17: 6. PwC Audit Opinion
6. PwC Audit Opinion ZAM BAL SPAIN Opinion In our opinion, the accompanying consolidated annual accounts present fairly, in all material respects, the consolidated equity and consolidated financial position of Zambal Spain Socimi, S.A. and Subsidiaries at 31 December 2016, and its financial performa
Slide 18: 7. Disclaimer
7. Disclaimer This presentation has been prepared by Zambal Spain Socimi, S. A. (the Company) for informational use only. The information contained in this presentation does not purport to be comprehensive or to contain all the information that a prospective purchaser of securities of the Company ma
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