Warehouses De Pauw SA · EURONEXT:WDP
Warehouses De Pauw SA — WDP — Investor Day (2023)
26 slides from Warehouses De Pauw SA's investor day presentation, 2023
Slide 1: Confident for what lies ahead
CONFIDENT FOR WHAT LIES AHEAD 1
Slide 2: Agenda
AGENDA 1.0 LOGISTICS REAL ESTATE ENVIRONMENT Our challenges and opportunities 2.0 STRATEGY Maintaining a strong conviction in our ambitions 3.0 SOLID ANCHORS Confident for what lies ahead 2
Slide 3: Logistics real estate environment
LOGISTICS REAL ESTATE 1.0 ENVIRONMENT Our challenges and opportunities 3
Slide 4: Turning challenges …
TURNING CHALLENGES … Land scarcity Restrictive permitting Labour shortages and well-being Availability of warehouses High development cost Grid connection Supply chain disruptions Decarbonisation of transport For real estate specialists For their clients 4
Slide 5: … into opportunities
… INTO OPPORTUNITIES Brownfield redevelopments Warehouse design Omnichannel supply chain Automation Enhancing sustainability Warehouse site as powerhouse Stay- and reshoring E-transport For real estate specialists For their clients 5
Slide 6: Using limited space inventively
Using limited space inventively The Netherlands - De Lier Stacking is smarter. Multi-layer warehouses respond to scarce land availability. De Jong Verpakking Acquisition for future redevelopment Value-add project Redeploying into higher returning opportunities Former The Greenery site Acquisition at
Slide 7: The Netherlands - De Lier
The Netherlands - De Lier De Jong Verpakking Reduced emissions Optimised supply chain Directly connected with State-of-the-art brownfield existing site of de Jong redevelopment 2019-23 Strategic location at the Verpakking (part of Stora CAPEX 54 million euros heart of their clients Enso), resulting
Slide 8: Green Mobility Hub
Green Mobility Hub Belgium - Zellik Electrification leads to a higher need for electrical power, underpinning the potential VPD role of warehouses as powerhouse Reduced emissions Optimised supply chain Circular energy process with battery storage Urban logistics distribution centre Prime urban locat
Slide 9: Belgium - Zellik
Belgium - Zellik VPD Sustainability is decisive factor in our client’s Transport represents the majority of client’s GHG emissions. business strategy and property, Logistics real estate as a driven by cost reduction and perfect fit for energy regulations. generation and charging cars,vans and trucks
Slide 10: Location, more strategically valuable than ever
Location, more strategically valuable than ever The Netherlands - Barendrecht The 24/7 consumer expects fast and flexible delivery and a wide product range. This requires Albert Heijn adjustments to the logistics network and enhanced automation. Reduced emissions Optimised supply chain Fully automat
Slide 11: The Netherlands - Barendrecht
The Netherlands - Barendrecht Albert Heijn New warehouse layout and strategic location reduce transport time and delivery costs and Online shopping is driven by enhance customer satisfaction digitisation and an omnichannel approach Intelligent robotics ensure efficient goods storage and flow 11
Slide 12: Sustainable impact through development
Sustainable impact through development The Netherlands - Breda Future-proof developments take care of employee well-being and project a positive impact Prinsenhil Logistics Park on biodiversity through plot and warehouse layout. Fully circularly demolished Redevelopment potential with strategic land
Slide 13: The Netherlands - Breda
The Netherlands - Breda Prinsenhil Logistics Park Reduced emissions Optimised supply chain Health, safety and well-being Fully automated Home Shop Center to improve efficiency and customer satisfaction 26,000 m² lettable area for delivery mid-2024 Sustainable and nature-inclusive business location,
Slide 14: The Netherlands - Breda
The Netherlands - Breda Prinsenhil Logistics Park Reduced emissions Optimised supply chain Health, safety and well-being Energy efficient LED lightning 3.5 MWp solar panels Plot and building layout Gasless improve employee well-being Energy monitoring Water-efficient landscaping and irrigation BREEA
Slide 15: Optimising client's storage space and real estate cost
Optimising client’s storage space and real estate cost through high-end redevelopment The Netherlands - Breda Testimonial Prinsenhil Logistics Park LEASED AREA PREVIOUSLY NEW LEASED AREA ENHANCED STORAGE EFFICIENCY & COST OPTIMISATION FOR OUR CLIENT -20% m² +20% m³ -20% TOTAL ENERGY & RENTAL COST Ex
Slide 16: Redevelopment leading to value-add property
Redevelopment leading to value-add property The Netherlands - Amsterdam Multimodal logistics serving goods flow efficiency Schiphol airport – Second line airside Reduced emissions Optimised supply chain 100% emission-free Gasless building Solar panels and Redevelopment heat pump 10,000 m² GLA Design
Slide 17: The Netherlands - Amsterdam
The Netherlands - Amsterdam Schiphol airport – Second line airside Acquisition of existing warehouse (2001) for Kuehne+Nagel 17
Slide 18: Stayshoring
Stayshoring Belgium - Lokeren Supply chain strategies are being reconsidered, a.o. bringing production closer to stow Robotics home or prevent them from leaving Urban logistics distribution centre Battery storage Solar panels 10 fast charging points for delivery vans and trucks Fully-fledged stow ca
Slide 19: Opportunities: a new logistics reality
A NEW LOGISTICS REALITY Real estate specialists Their clients Land scarcity Labour shortages and well-being Challenges High development cost Decarbonisation of transport Restrictive permitting Availability of warehouses Grid connection Supply chain disruptions WDP is well-positioned to offer solutio
Slide 20: Strategy
2.0 STRATEGY Holding a strong conviction in the potential 20
Slide 21: Our compass for profitable growth
OUR COMPASS FOR PROFITABLE GROWTH (RE)DEVELOPMENT SELECTIVE ACQUISITIONS EXISTING PORTFOLIO ENERGY INVESTMENTS 21
Slide 22: Towards a unique pan-European platform
TOWARDS A UNIQUE PAN-EUROPEAN PLATFORM WDP Logilink 20,000 m² GLA Linking Benelux - Germany - Nordics WDP Port of Dunkirk 90,000 m² GLA on concession land Direct access to waterways, railways and international road network Part of Norlink Ports 22
Slide 23: Solid anchors
3.0 SOLID ANCHORS Confident for what lies ahead 23
Slide 24: Confident for what lies ahead
CONFIDENT FOR WHAT LIES AHEAD Continued development opportunities ROBUST STRUCTURAL DEMAND ▪ >500,000 m² pre-let under development DRIVERS ▪ >1,500,000 m² development potential ▪ Target yield on cost ~7% Rental levels experience strong growth UNLOCKING VALUE FROM THE ▪ Through indexation: 100% CPI-l
Slide 25: Underpinned by rental income potential
UNDERPINNED BY RENTAL INCOME POTENTIAL(1) Long term Reversion and development potential Medium term 2025 Short term H2 2023 Annualized Indexation Project Annualized Pre-let development Indexation Potential Rent Rent potential Potential long-term rent H2 2023 completions & rent pipeline for 2024-25 a
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