Colonial Sfl Socimi Sa · BME:COL

Colonial Sfl Socimi Sa — Inmobiliaria Colonial — Q1 2015 Earnings Presentation

11 slides from Colonial Sfl Socimi Sa's earnings presentation, May 2015

1. Slide 1: First Quarter Results 2015

   First Quarter Results 2015 May 2015 First Quarter Results 2015 May 2015 May 2015

2. Slide 2: Disclaimer

   Disclaimer By accepting this presentation and/or by attending this presentation, you will be taken to have represented, warranted and undertaken that you have read and agree to comply with the contents of this disclaimer. The information contained in this presentation (“Presentation”) has been prepa

3. Slide 3: 2015 First Quarter Results Highlights

   2015 First Quarter Results Highlights Strong performance of first quarter 2015 vs. 1Q 2014 Var vs. 1Q 2015 1Q14 EPRA Occupancy(1) – Total Portfolio 86% +236 bps EPRA Occupancy(1) – Office Portfolio 84% +270 bps Gross Rents €55m +7% LFL Recurring EBITDA €41m +9% LFL Recurring Net Profit €5.8m 2.4x On

4. Slide 4: Outstanding Rental Growth

   2015 First Quarter Results Outstanding Rental Growth  Strong rental growth +7.2% like for like  Clear recovery of Colonial’s portfolio in every market "Like for Like" Rental Growth 2013 2014 1Q 2015 2013 2014 1Q 2015 Strong Recovery of Rental Cash Flow (0.6%) BARCELONA  Paris & Madrid above 8% re

5. Slide 5: Strong Letting Performance

   2015 First Quarter Results Strong Letting Performance  Letting activity with positive momentum in all markets  Outstanding letting-up in Paris – first quarter with “record” volume Barcelona > 6,000 sq m let  Huge volume of new contracts 1,984 sq m 1,509 sq m 1,148 sq m  Strong momentum vs. previ

6. Slide 6: Office occupancy improvements in office portfolio

   2015 First Quarter Results Office occupancy improvements in office portfolio Occupancy improvements underway, +270 bps vs. 1Q 2014 EPRA Financial Occupancy Office Occupancy – Evolution of Colonial's Portfolio Var. vs. 1Q 2014 Spain – EPRA Occupancy Office Portfolio 91%  Madrid +977 bps up to 91% oc

7. Slide 7: Ongoing Prime Factory repositioning to maximize value creation

   2015 First Quarter Results Ongoing “Prime Factory” repositioning to maximize value creation Continuous repositioning of portfolio as an ongoing process to maximize value creation “Prime Factory” Investments Paseo de los Tilos Jose Abascal Prime repositiong as ongoing process Inaugurated Uplift in +

8. Slide 8: High quality asset base with solid capital structure

   2015 First Quarter Results High quality asset base with solid capital structure High quality asset base with solid capital structure as base for further value creation Focused high Valuation quality Valuation - by use asset base of >Valuation - by use 5.7 €bn -GAV Valuation by area - by area CBD CBD

9. Slide 9: Profit & Loss Account

   2015 First Quarter Results Profit & Loss Account Significant increase of recurrent earnings vs. 1Q 2014 Profit & Loss Accounts Recurring Income - €m – Variance Analysis Results analysis - €m 1Q 2015 1Q 2014 Gross Rents 55 53 +€3.4m 2.4x 1Q 14 Net operating expenses (1) (6) (4) Overheads (8) (8) Recu

10. Slide 10: Conclusion & Outlook

    2015 First Quarter Results Conclusion & Outlook Conclusion & Outlook 1 Prime office positioning delivers strong growth of rental cash flow 2 Positive perfomance of operating business in all markets  Letting up on progress with increasing momentum  Occupancy improvements underway  Successful repos

11. Slide 11: a Pe

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