Castellana Properties Socimi Sa · BME:YCPS

Castellana Properties Socimi Sa — H1 FY2021 Earnings Presentation

33 slides from Castellana Properties Socimi Sa's earnings presentation, November 2020

  1. Slide 1: H1FY21 Financial Results Presentation

    CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION H1FY21 April 2020 - September 2020 FINANCIAL RESULTS PRESENTATION

  2. Slide 2: Key Highlights

    KEY HIGHLIGHTS / RESULTS PRESENTATION HIGHLIGHTS COVID–19 OPERATIONAL PERFORMANCE  The portfolio’s health and liquidity, together with its  Capex investments of c. €12 million for the 6-month experienced Management team, is allowing period ended 30 September 2020 Castellana to competently deal wit

  3. Slide 3: Covid-19

    CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION COVID-19  OUR RESPONSE TO COVID  REOPENING STRATEGY  SHOPPING CENTRE FOOTFALL & SALES  IMPROVING PORTFOLIO METRICS IN THE FACE OF THE PANDEMIC

  4. Slide 4: Our Response to Covid

    COVID - 19 / RESULTS PRESENTATION OUR RESPONSE TO COVID ACTION PLAN HIGHLIGHTS OVER PAST 6 MONTHS – APRIL to SEPTEMBER 2020 STRONG TENANT BUSINESS IS PARTNERING WITH VALUATION & INDUSTRY ROBUST DEBT PROVIDERS ASSUMPTIONS RELATIONSHIPS  Healthy treasury position with large  100% Rental discounts fo

  5. Slide 5: Reopening Strategy 1/3

    COVID - 19 / RESULTS PRESENTATION REOPENING STRATEGY 1 / 3 IMPLEMENTING GOVERNMENT RECOMMENDED MEASURES AND ENSURING THE SAFEST SPACES POSSIBLE FOR OUR CUSTOMERS…  Cleaning and hygiene  Adherance to social standards are fully adhered to distancing while queuing, in all common areas one-way system…

  6. Slide 6: Reopening Strategy 2/3

    COVID - 19 / RESULTS PRESENTATION REOPENING STRATEGY 2 / 3 …OVER THE PAST FEW MONTHS WE HAVE CREATED EXCITING LEISURE ACTIVITIES BAHÍA SUR LOS ARCOS GRANAITA Second Edition of Bahía En Vivo! Festival at Bahía Sur SC. An extensive PR campaign was launched at Los Arcos New outdoor space at Granaita re

  7. Slide 7: Reopening Strategy 3/3

    COVID - 19 / RESULTS PRESENTATION REOPENING STRATEGY 3 / 3 AT CASTELLANA PROPERTIES, WE SUPPORT OUR TENANTS TO ENSURE A CLOSE RELATIONSHIP WITH THEM, FINDING SOLUTIONS THAT BENEFIT BOTH PARTIES IN THE LONG-TERM SUPPORT PROVIDED TO OUR TENANTS “Castellana Properties is, without a doubt, a very good w

  8. Slide 8: Shopping Centre Footfall & Sales

    COVID - 19 / RESULTS PRESENTATION SHOPPING CENTRE FOOTFALL & SALES THE UNDERLYING STRENGTH OF THE PORTFOLIO ALLOWS IT TO WITHSTAND THIS UNPRECEDENTED AND UNEXPECTED PERIOD MONTHLY FOOTFALL JAN-OCT 2020 (1) MONTHLY SALES JAN-SEPT 2020 (2) JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT JAN FEB MAR APR MAY J

  9. Slide 9: Strengthening Portfolio Metrics in the Face of the Pandemic

    COVID - 19 / RESULTS PRESENTATION STRENGTHENING PORTFOLIO METRICS IN THE FACE OF THE PANDEMIC AGREEMENTS ON TRACK WITH 90% OF LEASES CLOSED … LEADING TO STRENGTHENED TENANT RELATIONSHIPS AND OR UNDER ADVANCED NEGOTIATIONS... IMPROVEMENT OF ALL RETAIL KEY RATIOS AND LEASE MATURITIES SINCE MARCH 2020

  10. Slide 10: Key Highlights

    CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION KEY HIGHLIGHTS  MAIN KPI’S PERFORMANCE

  11. Slide 11: Main KPIs Performance

    KEY HIGHLIGHTS / RESULTS PRESENTATION MAIN KPI’s PERFORMANCE 18 373,478 sqm 98.50 % 13.7 years 90.48 % 82 % OPERATIONAL ASSETS GLA OCCUPANCY WAULT RENT COVID-19 COLLECTION NEGOTIATIONS CLOSED €15m €9m (€18.9m) €473m 2.43 % 47.56 % GRI EBITDA NET RESULT(1) NET DEBT(2) ALL-IN COST NET LTV (3) FINANCIA

  12. Slide 12: H1FY21 Financial Results

    CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION H1FY21 FINANCIAL RESULTS  CONSOLIDATED INCOME STATEMENT  FINANCIAL DEBT POSITION  GAV BRIDGE AND BREAKDOWN  GRI BRIDGE AND BREAKDOWN

  13. Slide 13: Consolidated Income Statement

    H1FY21 FINANCIAL RESULTS / RESULTS PRESENTATION CONSOLIDATED INCOME STATEMENT FINANCIAL PERFORMANCE € thousand H1FY21 H1FY20 Total recorded Group GRI, excluding income related to the portfolio operating Gross rental income (GRI) 15,172 28,348 expenses recoverable from tenants, stands at €15.2 millio

  14. Slide 14: Financial Debt Position

    H1FY21 FINANCIAL RESULTS / RESULTS PRESENTATION FINANCIAL DEBT POSITION € million 30/09/2020 31/03/2020 Gross Asset Value (GAV) 993.84 1,003.49 (1) Gross Debt 511.33 493.83 Cash 42.10 49.06 (1) Net Debt 472.67 448.35 DEBT WITH Metrics FINANCIAL Gross LTV(2) 51.45% 49.21% (3) ENTITIES Net LTV 47.56%

  15. Slide 15: GAV Bridge and Breakdown

    H1FY21 FINANCIAL RESULTS / RESULTS PRESENTATION GAV BRIDGE AND BREAKDOWN Valuations prepared as 30 September 2020 already reflect the effect of the pandemic with a total GAV decrease of 3.4% since 30 September 2019 GAV as 30 September 2020 excluding Covid-19 effect would amount to €1,038b Covid-19 G

  16. Slide 16: GRI Bridge and Breakdown

    H1FY21 FINANCIAL RESULTS / RESULTS PRESENTATION GRI BRIDGE AND BREAKDOWN Temporary Covid-19 agreements reached to support our tenants not including any service charge relief Potential Portfolio GRI Annualised over €66m SHOPPING CENTRES €45.5m 68.5% RETAIL PARKS €18.9m 28.4% OFFICES €2.0m 3.1% €m 66.

  17. Slide 17: Value Creation

    CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION VALUE CREATION  ESG  LEASING ACTIVITY  iCAST PROGRAMME  DIGITAL PATH  BAHIA SUR  LOS ARCOS  EL FARO

  18. Slide 18: ESG

    VALUE CREATION / RESULTS PRESENTATION ESG Castellana Properties is implementing an ambitious ESG (Environment, Social and Governance) strategy and aspires to step up and be a standard bearer in the sector to create stronger relationships with customers and communities GOVERNANCE ENVIRONMENTAL SOCIAL

  19. Slide 19: Leasing Activity

    VALUE CREATION / RESULTS PRESENTATION LEASING ACTIVITY COMMERCIAL PERFORMANCE H1FY21 MAIN BUSINESS KPI´S DURING H1FY21 PORTFOLIO ALMOST FULLY LET 54 €2.6m 30 SEPT. 2020 98.50% OPERATION SIGNED NEW RENT SIGNED 31 MARCH 2020 98.30% 26 28 €0.79m €1.83m RENEWALS NEW CONTRACTS RENEWALS NEW CONTRACTS RENT

  20. Slide 20: iCAST Programme

    VALUE CREATION / RESULTS PRESENTATION iCAST PROGRAMME CREATING OUR OWN INNOVATION PROGRAMME TO ADAPT SHOPPING CENTRES TO EMERGING CONSUMER NEEDS AND EXCEL AS TRULY OMNICHANNEL SPACES  iCAST has been designed to lead the way in innovation, create added value, spearhead transformation throughout the

  21. Slide 21: Digital Path

    VALUE CREATION / RESULTS PRESENTATION DIGITAL PATH TECHNOLOGY IS A MEANS, NOT AN END. CASTELLANA PROPERTIES HAS THEREFORE PROMOTED DIFFERENT DIGITISATION INITIATIVES TO IMPROVE CUSTOMER EXPERIENCE ACROSS OUR SHOPPING CENTRES FOOD DELIVERY AT BAHÍA SUR SC CHATBOT ON EL FARO WEBSITE CUSTOMER ANALYTICS

  22. Slide 22: Repositioning Project - Bahía Sur

    VALUE CREATION / RESULTS PRESENTATION REPOSITIONING PROJECT - BAHIA SUR 1 / 2 CURRENT LAY OUT FUTURE LAY OUT (1) ACQUISITION OF EL CORTE INGLES UNIT TO REINFORCE THE DOMINANCE OF THE CENTRE, BRINGING NEW AND EXCITING TENANTS TO THE CADIZ REGION Unit signed Unit committed. Advanced negotiations Unit

  23. Slide 23: Repositioning Project - Bahía Sur 2/2

    VALUE CREATION / RESULTS PRESENTATION REPOSITIONING PROJECT - BAHIA SUR 2 / 2 LEFTIES ZARA  6 new openings at Bahia Sur SC SEP SEP thanks to the refurbishment project. 03 25  The new Zara flagship that opened in Bahia Sur last September comprises more than 3,700 sqm. It has an omnichannel focus wi

  24. Slide 24: Repositioning Project - Los Arcos

    VALUE CREATION / RESULTS PRESENTATION REPOSITIONING PROJECT - LOS ARCOS 1 / 2 CURRENT LAY OUT FUTURE LAY OUT (1) ACQUISITION OF HIPERCOR UNIT ENABLING IMPROVED TENANT MIX ALONG WITH STREET LEVEL RECONFIGURATION Unit signed Unit committed. Advanced negotiations Unit under negotiation RETURN METRICS A

  25. Slide 25: Repositioning Project - Los Arcos 2/2

    VALUE CREATION / RESULTS PRESENTATION REPOSITIONING PROJECT - LOS ARCOS 2 / 2 MERCADONA JUL 10 LA CALETA EXTENSIONMANIA  There have been 8 new openings SEP SEP at Los Arcos SC due to the 28 24 refurbishment project, starting in mid-July with the opening of Mercadona, the outright leader in grocerie

  26. Slide 26: Repositioning Project - El Faro

    VALUE CREATION / RESULTS PRESENTATION REPOSITIONING PROJECT – EL FARO 1 / 2 FUTURE LAY OUT (1) UNLOCKING VALUE BY TRANSFORMING FORMER DIY BOX INTO ATTRACTIVE F&B PLAZA Unit signed Unit committed. Advanced negotiations Unit under negotiation RETURN METRICS Capex Budget €4.5m Additional NOI created €0

  27. Slide 27: Repositioning Project - El Faro 2/2

    VALUE CREATION / RESULTS PRESENTATION REPOSITIONING PROJECT - EL FARO 2 / 2 BURGER KING YELMO CINES FOSTER HOLLYWOOD OCT OPENING DATE FIRST OPENING DATE FIRST 02 WEEK DECEMBER WEEK DECEMBER This Yelmo Premium cinema will open in November and will be the only premium cinema in the region. There will

  28. Slide 28: Appendix

    CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION APPENDIX  OUR PORTFOLIO  TOP 10 ASSETS

  29. Slide 29: Our Portfolio Well Diversified Across Spain

    CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION OUR PORTFOLIO WELL DIVERSIFIED ACROSS SPAIN 9 3% 5 9% 1 El Faro 10 Marismas de Polvorín 2 Bahía Sur 11 Alcobendas Building 11 8 3 Los Arcos 12 La Heredad 7% 17 16 20% 4 Granaita 13 La Serena 12 10% 5 Vallsur 14 Pinatar Park 1 13 6 Habaneras 15 Mo

  30. Slide 30: Top 10 Assets

    CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION SPANISH PORTFOLIO OVERVIEW TOP 10 ASSETS EL FARO BAHÍA SUR LOS ARCOS GRANAITA (I) VALLSUR GAV €155.7m €137.9m €134.3m €109.1m €90.7m Province Badajoz Cádiz Seville Granada Valladolid Catchment Area (Inhabitants) 517,491 674,250 1,499,884 628,002

  31. Slide 31: Top 10 Assets

    CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION SPANISH PORTFOLIO OVERVIEW TOP 10 ASSETS HABANERAS PUERTA EUROPA PARQUE OESTE (I) PARQUE PRINCIPADO MARISMAS DEL POLVORÍN GAV €84.8m €64.7m €49.5m €33.5m €27.0m Province Alicante Cádiz Madrid Oviedo Huelva Catchment Area (Inhabitants) 531,670 311

  32. Slide 32: Disclaimer

    RESULTS PRESENTATION DISCLAIMER PURPOSE OF THIS PRESENTATION AND LIABILITY ACCOUNTING STANDARDS APPLIED This document has been prepared by Castellana Properties SOCIMI, S.A. ("Castellana Properties") This document and the information presented herein was prepared by Castellana Properties solely with

  33. Slide 33: Contact

    Rubén Darío, 3 28010 Madrid (+34) 91 426 86 86 www.castellanaproperties.es 33

Castellana Properties SOCIMI — H1 FY2021 Earnings Presentation on 6ix