Helios Re Socimi, S.a. · BME:SCHLR
Helios Re Socimi — Lar España Real Estate SOCIMI — Investor Presentation (December 2021)
27 slides from Helios Re Socimi's investor presentation, December 2021
Slide 1: Corporate Presentation Lar España December 2021
C O R P O R AT E P R E S E N TAT I O N L A R E S PA Ñ A December 2021 www.larespana.com
Slide 2: Index
Index 1 2 3 4 5 Company Equity Story 9M 2021 Results COVID-19 Reasons to Overview Update rely on Lar España
Slide 3: Company Overview
Company Overview 1
Slide 4: Lar España at a glance
Company Overview Our Mission Optimize the profitability of our shareholders through responsible and efficient management of our retail assets, which Lar España at a glance incorporates technology as a key element in a relationship that generates value for our retailers and customers. Our Vission Pro
Slide 5: From the IPO to nowadays: retail leader in Spain
Company Overview From the IPO to nowadays: retail leader in Spain MAIN SHOPPING CENTRES AND RETAIL PARKS MARKET PLAYERS RETAIL LEADERS IN SPAIN Avg. GLA ownership Lar España Owned GLA (est.) # Assets 551.405 14 per asset 41,3781 #1 sqm GLA1 Asset stake owned Portfolio Size gives us benefits in: • Gl
Slide 6: A clear idea: dominant & resilient portfolio
Company Overview A clear idea: dominant & resilient portfolio Lagoh | SC Gran Vía de Vigo | SC Megapark | SC RP 69,734 sqm 41,447 sqm 81,577 sqm Visits: 5.4 Mn Visits: 4.8 Mn Visits: 9.5 Mn Sales: €94.7 Mn Sales: €81.3 Mn Sales: €92.7 Mn Dominant. Dominant Dominant Ànec Blau | SC P. Marina | SC CC:
Slide 7: Strong corporate performance in 2021
Company Overview Strong corporate performance in 2021 July 5 year €400 Mn February Green bond issuance Supermarket May 1.75% coupon portfolio divestment Dividend distribution 4.5 times 24% Capital gain 6.7% dividend yield oversubscribed April June November General shareholders IMA Renovation 7 year
Slide 8: Committed with transparency, environment and governance
Company Overview Board of directors Committed with transparency, Jose Luis Leticia Isabel Roger M. Alec Laurent Miguel environment and governance del Valle Iglesias Aguilera Cooke Emmott Luccioni Pereda Chairman PIMCO Grupo LAR Independent Directors Proprietary Directors Female Directors 2015 2016 2
Slide 9: Equity Story
Equity Story 2
Slide 10: A unique business model
Equity Story A unique business model Dominant shopping centres in catchment Ommnichannel strategy areas We see e-commerce as an opportunity not a risk. It is a Our assets are located in relevant but low retail new hybrid form of commerce, where customers shop density areas, with limited competition
Slide 11: The way we do things
Equity Story The way we do things 1 Differentiation 2 Diversification 3 Management 44 Innovation 5 Responsibility Prime assets in Manager experience Digital Multiproduct offer dominant transformation catchment areas Critical activities Big data for asset Financial Solvent & internalized management d
Slide 12: ESG integrated throughout the Company
Equity Story ESG integrated throughout E the Company Lar España is fully committed towards a sustainable management of its assets. Considering GHG emissions, water use, waste and pollution in the ESG Masterplan to help mitigate climate change and the effect of its activity on the environment. ALIGNE
Slide 13: 9M 2021 Business Update
lor eee 9M 2021 Business Update
Slide 14: Operating Results in 9M 2021
9M 2021 Business Update Results Assets Operating Results in € 60.4 Mn Outperforming the Spanish and European 9M 2021 GRI 9M 2021 market 5.9% € 50.7 Mn EPRA “topped-up” NIY NOI 9M 2021 95% € 14.3 Mn Occupancy2 30th September 2021 Net Profit 9M 2021 2.7 years WAULT €1,413 Mn GAV 90% Collected rents at
Slide 15: Corporate Results 9M 2021
9M 2021 Business Update Corporate Corporate Results 6.7 % c.€200Mn2 in 9M 2021 €27.5 Mn Liquidity Dividend Dividend Yield Expenses covered over €0.31 p.s. paid dividend Over market cap1 the next 4 years Net LTV 41% €400 Mn 1.75% Closing 9M 21 Green Bond issuance Interest rate 1.84 Average cost of de
Slide 16: Best in class practices in ESG
9M 2021 Business Update Best in class practices in ESG BBB MSCI ESG Rating FTSE Russell Global Index kept Lar España as a constituent on its FTSE4Good index. For the fourth year running, Lar España has taken part in the 2021 GRESB assessment. Achieving a score of 86 meaning a Successful Green Bond I
Slide 17: ESG KPIs: Consumption & emissions
9M 2021 Business Update Data automation in shopping malls already launched. Greater periodicity, ESG KPIs greater data homogenization and time savings. It has allow us to have figures for the 1H21 asset´s performance. Consumption & emissions Consumption performance vs H1 2019 vs H1 2020 Electricity
Slide 18: Asset appraisal June 2021
9M 2021 Business Update Asset appraisal June 2021 30th June 2021 Valuation €1,411.1 Mn Including Capex Invested • A resilient portfolio of dominant shopping centres and retail parks in attractive 47.5% catchment areas. • Cherry-picked portfolio, assets carefully analysed and selected without buying
Slide 19: Attractive dividend maintained despite Covid-19
9M 2021 Business Update Attractive dividend maintained despite Covid-19 8.9% Div Yield over Market Cap 1 Committed to profitability € 0.63 ps € 0.54 ps €55.0 Mn • Prudent cash position control with a € 0.49 ps 6.7% Div detailed liquidity analysis. Yield over €50.0 Mn Market Cap • >90% cashflow gener
Slide 20: Covid-19 Update
Covid-19 Update 4
Slide 21: Footfall and Sales numbers recovery vs 2019
Covid-19 Update Footfall and Sales numbers recovery vs 2019 100% GLA opened Footfall recovery Sales recovery 112% 99% 105% 106% 103% 97% 99% 100% 109% 95% 94% 96% 96% 94% 104% 91% 86% 94% 96% 95% 92% 93% 76% 93% 92% 93% 74% 90% 89% 91% 86% 84% 67% 74% 69% 49% 61% 49% 33% 14% 33% 11% … Jan Feb Mar Ap
Slide 22: Recovering pre COVID levels: agreements with tenants
Covid-19 Update Recovering pre COVID Agreements and conversations with tenants levels One-on-one agreements reached Contracts >2024 Collected rents at 30th September 2021 Collected rents as October c.100 % GLA c.70 % 90% 91% Additionally, from January to October we have collected €8.0 Mn related to
Slide 23: Leasing activity in 9M 2021
Covid-19 Update Leasing activity in 9M 2021 c.70% 2.7 y contracts >2024 WAULT 17,302 sqm 4% +2.4 % 2 Rotated Annualised rotation rate Rent uplift 9.02% 63 3.5 Mn Effort rate expenses included Operations in 9M 2021 Negotiated rent 95% >1,000 Occupancy1 Existing contracts 1Ratio calculated according t
Slide 24: Reasons to rely on Lar España
Reasons to rely on Lar España 5
Slide 25: Final conclusion: several reasons to rely on Lar España
Engagement proxy advisors-Lar España 1 6 Retail sector, an opportunity to 5.5% prime Strong operating results over the GRI 60.4 M€ 2 enter at attractive yields. years, outperforming the Spanish Final conclusion: yield shopping centers1 and European market. Net Profit 14.3 M€2 several reasons to rely
Slide 26: Disclaimer
Disclaimer This document has been prepared by Lar España Real Estate SOCIMI, S.A. (the “Company”) for information purposes only and the information included in this document is not regulated information or information which has been subject to prior registration with, or control by, the Spanish Nati
Slide 27: www.larespana.com
—_— lar www.larespana.com
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