Wereldhave Belgium Sca · EURONEXT:WEHB
Wereldhave Belgium Sca — Wereldhave Belgium — FY2022 Earnings Presentation
17 slides from Wereldhave Belgium Sca's earnings presentation, Feb 8, 2023
Slide 1: Results 2022 – Invest. Inspire. Improve.
RESULTS Invest. 2022 Inspire. Improve. 08/02/2023 Better everyday life, better business.
Slide 2: Financial Highlights 2022
RESULTS 2022 Financial Highlights 2022 2022 2021 2020 EPS (€) 4.87 4.56 4.65 Fair Value Portfolio (Mio €) 949 926 921 EPRA NAV per share (€) 78.99 77.19 78.20 LTV (%) 28.60 28.20 30.00 Share Price (€ - 31/12) 49.00 49.30 39.3 Occupancy Rate (%) 95.2 93.9 91.9 I2
Slide 3: Results from operations 2022: Solid leasing activity
RESULTS 2022 Results from > 98.4% operations 2022 Debt recovery rate 2022 Solid leasing activity 89 leasing 15% of the rental 13% above ERV activities income +3% above passing rent I3
Slide 4: Results from operations 2022: Increasing occupancy rate
RESULTS 2022 > Retail: +0.5% to 97.7% Results from operations 2022 Increasing occupancy rate > Office: +5.5% to 81.5% I4
Slide 5: Strong recovery in number of visitors
RESULTS 2022 2022 vs 2021: Results from + 13% operations 2022 Strong Recovery in number of visitors 2022 vs 2019: -4% I5
Slide 6: Strong turnovers recovery from most tenants
RESULTS 2022 Results from Strong turnovers recovery from most tenants operations 2022 Results sales 2022 – 2019 50% 40% 30% 20% 10% 0% -10% -20% -30% Food & Food Health & Fashion Hairdressers Pharmacy Homeware Telecom Services Shoes Special Goods Sport Travel Agency Beverage mainstream Beauty Q1 -1,
Slide 7: ESG
01. R ESULTS RESULTS 2022 HALF YEAR 2021 A ll Shopping Centres & Offices BREEAM Certified Results from (All Very Good except 1 Good) operations 2022 E nergy Saving Action Plan ESG (35% less gas & 10% less electricity) P reparation to the Road Map to Paris I7
Slide 8: Major development investments €23 Mio
01. R ESULTS RESULTS 2022 HALF YEAR 2021 Results from operations 2022 Ring Shopping Kortrijk Noord renovation Major development investments €23 Mio Ring Kortrijk renovation Further renovation of The Sage Brugge De Mael Renovation Maintenance, Customer Journey & Experience I8
Slide 9: Ring Kortrijk renovation
RESULTS 2022 Results from operations 2022 Ring Kortrijk renovation I9
Slide 10: The Sage Antwerpen/Vilvoorde
RESULTS 2022 Results from operations 2022 The Sage Antwerpen/Vilvoorde I 10
Slide 11: Brugge De Mael Renovation
RESULTS 2022 Brugge De Mael Renovation I 11
Slide 12: Financial results: Balance Sheet
RESULTS 2022 Financial results 2022 Balance Sheet 2019 2020 2021 2022 Real Estate Portfolio (Mio €) 961.3 921.2 926.0 949.2 EPRA Occupancy Ratio (in %) 95.2 91.9 93.9 95.2 Occupancy ratio increase (95.2%) Net Asset Value (Mio €) 689.2 650.6 670.9 701.9 Financial Debts (Mio €) 273.0 263.0 250.1 256.8
Slide 13: Financial results 2022
RESULTS 2022 (in Mio €) 2019 2020 2021 2022 Net rental income 58.6 49.2 52.6 58.9 Other rental result 3.1 2.1 2.1 2.0 Financial Property result Property charges 61.7 -8.7 51.3 -7.5 54.8 -7.2 60.8 -7.9 results 2022 Property operating results 52.9 43.7 47.5 53.0 General costs/ Other income and expense
Slide 14: Portfolio revaluations and total portfolio value
RESULTS 2022 PORTFOLIO REVALUATIONS (in Mio €) Financial results 2022 15.3 0 -16.5 -57.9 -3.3 -0.8 0,0% Resilient portfolio values TOTAL PORTFOLIO VALUE (in Mio €) 854 957 961 921 926 949 2017 2018 2019 2020 2021 2022 15 13 15 13 13 13 1 14 3 13 14 67 95 92 DEVELOPMENT 67 91 94 100 Weight Belle-Ile
Slide 15: Treasury management: reinforcement of the financial structure
RESULTS 2022 Financial results 2022 Treasury management: Reinforcement of the financial structure Refinancing € 80 Mio (extention maturity) Cash collection: Hedge ratio: 98.4% 76% (+1% compared (April 2023) to 2021) I 15
Slide 16: Outlook 2023
RESULTS 2022 Outlook 2023 External growth Further Implement our "Full Service Centers" ESG Plans Strategy 2030 (branch mix, services, etc.) EPS Indication Brugge & Offices renovations 2023 €4.85 - €4.95 per share Strengthen the occupancy rates I 16
Slide 17: Q&A
RESULTS 2022 Q&A I 17