Icade Sa · EURONEXT:ICAD
Icade Sa — Q1 2021 Earnings Presentation
11 slides from Icade Sa's earnings presentation, Apr 26, 2021
Slide 1: Activity as of March 31, 2021
ORIGINE Nanterre, Hauts-de-Seine Activity as of March 31, 2021 April 26, 2021 DESIGNING, BUILDING, MANAGING AND INVESTING in cities, neighbourhoods and buildings that are innovative, diverse, inclusive and connected with a reduced carbon footprint. Desirable places to live and work. This is our ambi
Slide 2: Disclaimer
DISCLAIMER This presentation is not an offer or an invitation to sell or exchange securities, or a recommendation to subscribe, buy or sell Icade securities. Distribution of this document may be restricted in certain countries by legislation or regulations. As a result, any person who comes into pos
Slide 3: Agenda
1 2021 Q1 Key takeaways AGENDA 2 Business performance by business line 3 Outlook Appendix ACTIVITY AS OF MARCH 31, 2021 APRIL 23, 2021 3
Slide 4: Q1 2021 – Key takeaways
1. 2021 Q1 KEY TAKEAWAYS Q1 2021 – KEY TAKEAWAYS Revenue up 44% in Q1 2021; +30% vs. Q1 2019 • Office Property Division: strong fundamentals confirmed with active leasing activity, stable rental income vs. Q1 2020, high level of rent collection rate, resumption of portfolio’s asset rotation • Health
Slide 5: Consolidated revenue as of March 31, 2021
1. 2021 Q1 KEY TAKEAWAYS CONSOLIDATED REVENUE AS OF MARCH 31, 2021 Revenue up 44% in Q1 2021; +30% vs. Q1 2019 in a context of continuing sanitary crisis ACTIVITY AS OF MARCH 31, 2021 APRIL 23, 2021 5
Slide 6: Office property investment - highlights
2. BUSINESS PERFORMANCE BY BUSINESS LINE OFFICE PROPERTY INVESTMENT - 2021 Q1 KEY HIGHLIGHTS LEASING ACTIVITY DEVELOPMENT PIPELINE • Continuity in dynamic asset management • Two major deliveries, c.96% > 65,000 sq.m declining investments Q1 2021 rent collection rate Total floor area of leases signed
Slide 7: Healthcare property investment - highlights
2. BUSINESS PERFORMANCE BY BUSINESS LINE HEALTHCARE PROPERTY INVESTMENT - 2021 Q1 KEY HIGHLIGHTS • GRI: steady growth driven by international investments, • Continuity in the investments 100% collection rate & long-term partnership approach €78m +4.7% c.100% €70m Investment in Q1 : France, Internati
Slide 8: Property development - highlights
2. BUSINESS PERFORMANCE BY BUSINESS LINE PROPERTY INVESTMENT - 2021 Q1 KEY HIGHLIGHTS • Vigorous recovery during Q1, • Growth potential confirmed business momentum ahead of 2019 €1.4bn €2.2bn €6.8bn Economic revenue +128% +56% Change Change Residential backlog Revenue expected from the residential l
Slide 9: 2021 priorities well on track & confirmed guidance
3. OUTLOOK 2021 PRIORITIES WELL ON TRACK & CONFIRMED GUIDANCE Priorities Guidance 1 Office Investment Asset rotation and value creation through a pipeline of pre-let projects 2021 Group Up ≈ +3%, excluding NCCF impact of 2021 disposals 2 Healthcare Investment per share (subject to the health and eco
Slide 10: Appendix
PONT DE FLANDRE BUSINESS PARK Paris, 19th district Appendix ACTIVITY AS OF MARCH 31, 2021 APRIL 23, 2021 10
Slide 11: 2020 dividend – payment method
APPENDIX 2020 DIVIDEND – PAYMENT METHOD The General Meeting of 04/23/21 approved resolutions 3 and 4 with regard to the 2020 dividend: An in 2-step payment schedule: 2020 dividend 83% payout ratio €4.01/share steady • Interim dividend of €2.01/share vs. payout 2019 paid on 5 March 2021 in cash • Bal