Hotei Properties Group Socimi Sa · BME:YHTI
Hotei Properties Group Socimi Sa — Investor Presentation (March 2023)
24 slides from Hotei Properties Group Socimi Sa's investor presentation, March 2023
Slide 1: Excellent exposure to flagship hotel properties
Excellent exposure to flagship hotel properties Corporate Presentation March 2022 1
Slide 2: Index
Index 1. Introduction 2. Strategy 3. History 4. Portfolio 5. Key figures 6. Shareholder Structure 7. Corporate Governance 8. Management 9. Market Environment 10. Conclusions 11. Appendix 2
Slide 3: Disclaimer
Disclaimer This presentation does not constitute or form part of, and should not be construed as, any offer to sell or issue or invitation to purchase or subscribe for, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall it nor the fact of its dist
Slide 4: Introduction
Introduction The only listed company with a Value-Added focus on luxury hotels and presence in Spain and Portugal PLATFORM PORTFOLIO FIGURES FINANCIAL METRICS 4* & 5* Hotels in prime €586M GAV (1) +6.3% +13 hotels GAV(1)/Acquisition locations 43% in operation cost(2) in major Spanish tourist cities
Slide 5: Strategy
5 Strategy The only listed real estate company with a Value-Added focus on luxury hotels and presence in Spain and Portugal • Acquisition of flagship Real Estate assets in prime areas of major tourist cities in Spain and Portugal, with might be hotels in operation or properties with potential to bec
Slide 6: Strategy
Strategy The only listed company with a Value-Added focus on luxury hotels and presence in Spain and Portugal • Shareholders who prioritize investment in quality assets, medium- and long- term value creation and dividends. • Approximately 500 shareholders with a Free Float of 40% Aligned Shareholder
Slide 7: Contract Structure is Built on Operator and Property Owner Alignment
Contract Structure is Built on Operator and Property Owner Alignment • Lease agreement base on a variable rent (70-75% of the hotel GOP) with a guaranteeing minimum fixed rent linked to CPI Rent Structure • Variable rent makes it possible to participate in the sector’s bounce-back and maximize retur
Slide 8: History
History Millenium Hospitality Real Estate great Evolution in 3 years 2 February 2018 3 May 2018 4 October 2018 5 March 2019 7 April 2019 8 July 2019 9 1 6 April 2019 October 2019 10 November 2019 Millenium Hospitality RE is July 4, 2019, registered with a Millenium single shareholder: debuts with Ja
Slide 9: Portfolio summary as at December 2022
Portfolio summary as at 31 December 2022 Portfolio GAV performance Portfolio state based on GAV Estimated date of entry into operation of the assets Estimate opening 32,1% Category Sustainability certificate Keys date Lucentum 4* 169 In operation 586,5 46,3% 15% Meliá Bilbao 5* 211 In operation Radi
Slide 10: Overall view of the portfolio as at December 2022
Overall view of the portfolio as at 31 December 2022 LEED Gold certification has been requested for all assets undergoing restructuring Assets in portfolio with a GAV(1) of 586.5 million GAV(1) : 33.9 GAV(1) : 51.6 GAV(1) : 46.7 GAV(1) : 48.7 GAV(1) : 70.4 GAV(1) : 155.8 GAV(1:) 10.3 GAV(1) : 13.2 G
Slide 11: Key figures
Key figures Excellent performance of key figures in 2022 NET PROFIT LTV REVENUES 22,8 16,66% +45.5% 12,3 +12.7x +24% 8,5 11,8 8 9,5 8,8% 4,54 2019 2020 2021 2022 1H22 2021 2022 2019 2020 2021 2022 -14,9 ➢ The figure for revenues amounted to €12.3 million, 45.5% vs. 2021, thanks to the better perform
Slide 12: Shareholder structure
Shareholder evolution Shareholder structure Shareholder Structure Castlelake; 49,72% Free Float; 40,19% Arconas Mutualidad de la international; 5,05% Abogacia; 5,05% • Castlelake has been the main shareholder of the Company since July 2021 (49.72%) ▪ Significant Free Float percentage: 40% ▪ More tha
Slide 13: Board of Directors
Shareholder evolution Board of Directors Recognized Board of Directors Isabel Dutilh Jaime Montalvo Javier Martinez-Piqueras Pilar Muñoz Independent Director Independent Director Other External director Independent Director Javier Illán Chairman & CEO José María Castellano Leticia Fusi Isaiah Toback
Slide 14: Management team
Shareholder evolution Management team Management team with an average of over 20 years of experience in the Spanish Real Estate sector plus an incentive plan aligned with shareholders’ interests and subject to achieving targets María Pardo Javier Illán Plaza Juan Odériz Emilio Rotondo Pedro Maestre
Slide 15: Positive Market Context
Positive Market Context: The strength continues both in terms of the volumes of hotel investment and in the industry’s fundamentals . In 2022, investment in hotels stood at €3,279 million, +3% more than in 2021 and The average price paid per room in 2022 reached a new record, standing at €168,800, S
Slide 16: Conclusions
Conclusions A European leader in the luxury hotel ❑ Great achievements in just 4 years sector ✓ High quality portfolio of €586.3M(1) ✓ Lease agreements with tier 1 luxury hotel operators. 10/13 assets have a lease agreement. ✓ 5 of 13 hotels in operation. 2023 will end with 8 of the 13 assets in ope
Slide 17: Appendix
Appendix 20 18
Slide 18: Main milestones of 2022
Main milestones of 2022 ➢ Increase in the portfolio’s GAV to €586.5 million(1);;+32.1% vs. 2021; (+46.3% excluding the effect of the sale of Hotel Vía Castellana in January 2022). The variation is due to: ✓ The sale of Hotel Vía Castellana on 31 January 2022 for €43 million. ✓ The CAPEX implemented
Slide 19: Consolidated results 2022 (IFRS)
Consolidated results 2022 (IFRS) 12/31/2022 12/31/2021 Var % (Euros) (12 months) (12 months) (12 months) ➢ The figure for revenues amounted to €12.3 million, 45.5% vs. 2021, thanks to the better performance of both the hotel business activity (+38.1% vs. 2021) and the Golf courses business activity
Slide 20: Consolidated Results 2022 (IFRS)
Consolidated Results 2022 (IFRS) Consolidated Balance Sheet 31 December 2022 31 December 2021 • Tangible and real estate assets increased by €149 million, mainly due to the CAPEX implemented in the period amounting to €57 million, the €12.5 million increase in the asset valuation carried out by inde
Slide 21: Consolidated Balance Sheet
Assets 12/31/2022 12/31/2021 NON CURRENT ASSETS 602.269.955 405.829.116 Intangible assets 23.248 0 Property plant & equipment 19.257.122 17.304.370 Investment properties 578.444.000 387.702.000 Finacial Investment 2.044.851 822.746 Trade receivables 2.500.734 0 CURRENT ASSETS 89.610.124 122.699.831
Slide 22: Appendix – EPRA information
EPRA Earnings and EPRA Earnings Per Share (Figures in thousand euros) 2022 Appendix – EPRA information EARNINGS PER IFRS CONSOLIDATED INCOME STATEMENT 11.787 Adjustments to calculate EPRA Earnings, exclude: (i) Changes in value of investment properties, development properties held for investment and
Slide 23: Appendix – EPRA information
Appendix – EPRA information EPRA Net Asset Value (NAV) metrics 31/12/2022 According to the latest EPRA "Best Practices Recommendations" document, the calculation (Figures in thousand euros) EPRA NRV EPRA NTA EPRA NDV of the EPRA NAV and EPRA NNNAV ratios were replaced by three new indicators: EPRA N
Slide 24: Contact information
Contact information María Pardo Investor Relations and Communications Director Email: mariapardo@mhre.es Paseo de la Castellana 102 28046 Madrid Telephone: 91 185 17 10 www.mhre.es
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