Renta Corporacion Real Estate, S.a. · BME:REN
Renta Corporacion Real Estate — FY2018 Earnings Presentation
29 slides from Renta Corporacion Real Estate's earnings presentation, 2019
Slide 1: Renta Corporacion
a Renta Corporacion
Slide 2: Contents
ANNUAL PRESENTATION OF RESULTS 2018 Contents 1. Executive summary 2. Description of the Group 3. Business performance and results 4, Information on the Group's outlook 5. Treasury shares and stock market information APPENDICES APPENDIX 1: Significant transactions in 2018 APPENDIX 2: Inventories in p
Slide 3: 1. Executive summary
ANNUAL PRESENTATION OF RESULTS 2018 1. Executive summary MAIN AGGREGATES OF THE GROUP Consolidated income statement (EUR M) 2018 2017 Change Revenue 924 45.8 46.6 Operating margin 26.6 18.3 83 EBITDA 19.7 T1L4 83 Net profit 16.6 12.5 41 Consolidated balance 1. EXECUTIVE SUMMARY +102% Revenue ’18 vs.
Slide 4: Vanguard Building, Hospitalet de Llobregat
• • • • • • • • Vanguard Building, Hospitalet de Llobregat
Slide 5: 2. Description of the Group
ANNUAL PRESENTATION OF RESULTS 2018 2. DESCRIPTION OF THE GROUP. 2. Description of the Group 2.1 Introduction to the Group Renta Corporacion is a Group with a high differential component within the real estate industry in Spain, with more than 25 years of experience. It has developed its business mo
Slide 6: Alcalá, Madrid; Mare de Déu de Montserrat, Barcelona; Luchana, Madrid
Alcalá, Madrid • • Mare de Déu de Montserrat, Barcelona Luchana, Madrid
Slide 7: 2.3 Asset management business
ANNUAL PRESENTATION OF RESULTS 2018 2. DESCRIPTION OF THE GROUP 2.3 Asset management business “REIT management” line of business In 2017 Renta Corporacién started a new line of business focused on the creation and management of real estate portfolios that led to, in April of the same year, the creat
Slide 8: 3.1 Consolidated statement of profit or loss
ANNUAL PRESENTATION OF RESULTS 2018 3. BUSINESS PERFORMANCE AND RESULTS 3. Business performance and results 3.1 Consolidated statement of profit or loss (EUR M) 2018 2017 % change Transactional business revenue 78.6 42.8 Asset management business revenue 13.8 3.0 REVENUE 92.4 45.8 102% Transactional
Slide 9: 3.1.1 Revenue
ANNUAL PRESENTATION OF RESULTS 2018 3.L1 Revenue 3. BUSINESS PERFORMANCE AND RESULTS The revenue of Renta Corporacion in 2018 amounted to EUR 92.4 million. The breakdown by business line is as follows: Revenue by business line (EUR M) 2018 2017 Change Real estate sales 74) 29.7 444 Real estate proje
Slide 10: Equivalent business volume in 2018
ANNUAL PRESENTATION OF RESULTS 2018 EQUIVALENT BUSINESS VOLUME IN 2018 3. BUSINESS PERFORMANCE AND RESULTS Volume of managed Asset ee ee ere ee ee eee: management . : 3.0 business revenue | 777777 Equivalent business €13.8M volume ") Transactional revenue €78.6M Equivalent business 2018 I Real estat
Slide 11: Margin by business line
ANNUAL PRESENTATION OF RESULTS 2018 “Real estate sales” margin The margin of the “Real estate sales” business line, understood to be sales less direct costs to sell, amounted to EUR 12.7 million, representing an 87% increase on the EUR 6.8 million obtained in 2017. “Real estate project management” m
Slide 12: 3.1.5 Net profit
ANNUAL PRESENTATION OF RESULTS 2018 3. BUSINESS PERFORMANCE AND RESULTS 3.1.5 Net profit The Group has recognised a positive impact for income tax of EUR +0.5 million, substantially lower than the EUR +2.6 million of 2017, which comprised: * — Income tax arising from the Group’sordinary activities a
Slide 13: 3.2 Consolidated balance sheet: Assets
ANNUAL PRESENTATION OF RESULTS 2018 3. BUSINESS PERFORMANCE AND RESULTS 3.2 Consolidated balance sheet 3.2.1 Assets Assets (ME) Dec-18 Dec-17 Change Non-current assets 0.3 0.1 0.2 Other non-current assets 58.7 42.7 16.0 Non-current assets 59.0 42.8 16.2 Inventories S74 415 15.9 Accounts receivable 6
Slide 14: Current assets
ANNUAL PRESENTATION OF RESULTS 2018 3. BUSINESS PERFORMANCE AND RESULTS Current assets (EUR M) Dec-18 Dec-17 Change Inventories S74 41.5 15.9 Accounts receivable 6.0 46 14 Cash + financial assets 88 3.8 5.0 Total current assets 72.2 49.9 22.3 The current assets at the end of 2018 amounted to EUR 72.
Slide 15: Changes in transactional business portfolio
ANNUAL PRESENTATION OF RESULTS 2018 3. BUSINESS PERFORMANCE AND RESULTS CHANGES IN TRANSACTIONAL BUSINESS PORTFOLIO (€ M) The detail of the changes in the business portfolio from 2017 year-end to 2018 year-end isas follows: €157M € 134M S g £ g§ €§ €¢ ~~ Q oo ws eS RS ¥g w & & al a Accounts receivab
Slide 16: 3.2.2 Liabilities
ANNUAL PRESENTATION OF RESULTS 2018 3. BUSINESS PERFORMANCE AND RESULTS 3.2.2 Liabilities Equity + liabilities (EUR M) Dec-18 Dec-17 Change Equity 61.5 45.6 15.9 Non-current financial debt (1) 38.9 215 74 Other non-current payables 34 6.1 -27 Non-current liabilities 42.3 27.6 14.7 Current financial
Slide 17: Financial debt
ANNUAL PRESENTATION OF RESULTS 2018 3. BUSINESS PERFORMANCE AND RESULTS Financial debt (EUR M) Dec-18 Dec-17 Change Mortgage debt 18.9 14.9 4.0 Other payables 19.1 46 14.5 (- ) Cash and financial assets -8.8 -3.8 -5.0 Total Net Financial Debt 29.2 15.7 13.5 Participating debt 16.9 15.3 1.6 Total Net
Slide 18: Mortgage debt
ANNUAL PRESENTATION OF RESULTS 2018 3. BUSINESS PERFORMANCE AND RESULTS Mortgage debt The mortgage debt on inventories tied to transactional business ("Real Estate Sales") stands at EUR 12.3 million, with an LTC ratio of 63% and an average cost of 2.41%. This debt is tied to the assets located at ca
Slide 19: 4. Information on the outlook for the Group
ANNUAL PRESENTATION OF RESULTS 2018 4. INFORMATION ON THE OUTLOOK FOR THE GROUP 4. Information on the outlook for the Group Macro environment - Main aggregates GDP in Spain increased by 2.5% in 2018, in line with expectations, and similar growth is expected for 2019, which would see Spain maintainin
Slide 20: Residential segment
ANNUAL PRESENTATION OF RESULTS 2018 4. INFORMATION ON THE OUTLOOK FOR THE GROUP Residential segment The residential market continues its upward trend, with housing unit price growth on the rise since 2014, reaching double digits in certain areas. The sector's recovery is solid, supported by a notewo
Slide 21: Hotels and commercial segments
ANNUAL PRESENTATION OF RESULTS 2018 4. INFORMATION ON THE OUTLOOK FOR THE GROUP Hotels segment Madrid and Barcelona The strong performance of the tourism industry, together with the yield offered by the hotel product, has proved highly attractive to both Spanish and international investors. The inve
Slide 22: 5. Treasury shares and stock market information
ANNUAL PRESENTATION OF RESULTS 2018 5. TREASURY SHARES AND STOCK MARKET INFORMATION 5. Treasury shares and stock market information The share market price at 2018 year-end was EUR 3.19 per share, 9% higher than the price of EUR 2.95 per share at 2017 year-end. At the end of 2018, market capitalisati
Slide 23: Appendix 1: Significant transactions in 2018
ANNUAL PRESENTATION OF RESULTS 2018 APPENDIX 1: SIGNIFICANT TRANSACTIONS IN 2018 Appendix 1: Significant transactions in 2018 Transactional business DIPUTACIO ALCALDE SAINZ DE BARANDA Barcelona Madrid Business line: Real estate sales ¢ Business line: Real estate sales Project: Lease management and r
Slide 24: Transactional business
ANNUAL PRESENTATION OF RESULTS 2018 Transactional business MAJOR DE SARRIA Barcelona ™" Business line: Real estate project management ¢ Project: Lease management. Sale to investor. Surface area:583 m? COLLBLANC Barcelona Business line: Real estate sales ¢ Project: Refurbishment and individual sales.
Slide 25: Asset management business
ANNUAL PRESENTATION OF RESULTS 2018 Asset management business ARAVACA II Madrid VALLECAS II Madrid SANT CUGAT | Barcelona am Renta Corporacién Business line: REIT management Price: €45.8M Housing units:158 Surface area: 15,600 n? Business line: REIT management Price: € 16.2M Housing units:107 Surfac
Slide 26: Asset management business
ANNUAL PRESENTATION OF RESULTS 2018 Asset management business BARBERA DEL VALLES Barcelona ¢ Business line: REIT management e Price: € 216M ¢ Housing units: 112 ¢ Surface area: 12,000 n? Other acquisitions ¢ Business line: REIT management ¢ Price: EUR 376 M @~ ~~ « Housing units:680 + 1,095 turnkeys
Slide 27: Appendix 2: Inventories in progress at end of 2018
ANNUAL PRESENTATION OF RESULTS 2018 APPENDIX 2: INVENTORIES IN PROGRESS AT THE END OF 2018 Appendix 2: Inventories in progress at end of 2018 MARE DE DEU DE MONTSERRAT Barcelona MARE DE DEU DE MONTSERRAT Barcelona ROSELLON Barcelona am Renta Corporacién Business line: Real estate sales ¢ Project: Le
Slide 28: Appendix 3: Glossary
ANNUAL PRESENTATION OF RESULTS 2018 APPENDIX 3: GLOSSARY Appendix 3: Glossary b/g Below grade level Business portfolio Investment rights plus strategic stocks (for sale) CBD Central Business District (prime business area) Financial debt Bank borrowings under non-current liabilities + current bank bo
Slide 29: Office addresses
Via Augusta 252-260, 5? planta Velazquez, 51, 1° izq. e C | il Renta 08017 Barcelona 28001 Madrid Corporacion Tel: 434) 934 949 670 Tel.: (+34) 915 750 462
Renta Corporacion Real Estate — FY2018 Earnings Presentation on 6ix