Plaza Centers N.v. · LSE:PLAZ
Plaza Centers — Debt Investor Presentation (April 2020)
15 slides from Plaza Centers's debt investor presentation, Apr 6, 2020
Slide 1: Presentation for Bondholders' Meeting
Presentation for Bondholders’ Meeting April 6, 2020
Slide 2: Disclaimer
DISCLAIMER The information detailed in this presentation is subject to the general reservations and the risk factors detailed herein. • This presentation does not constitute a proposal and/or an offer and/or invitation by or on behalf of Plaza Centers N.V. (the “Company”) and/or any of its affiliate
Slide 3: Material event of 2020: Coronavirus COVID-19
Material event of 2020 Coronavirus COVID-19 Coronavirus COVID-19 : During the first quarter of 2020 the Coronavirus pandemic that first surfaced in China is spreading all around the world. Many countries are taking significant steps in trying to prevent the spread of the virus, such as restrictions
Slide 4: Company's Activities in 2019: Sale of assets
Company’s Activities in 2019 Sale of assets in 2019 and as of today 1. Sale of the land plots in Lodz, Poland. Two agreements were concluded and signed with local developers: the first for a total gross consideration of EUR 0.96 million and the second agreement for a total gross consideration of EUR
Slide 5: Company's Activities in 2019: Sale of assets (Cont.)
Company’s Activities in 2019 Sale of assets in 2019 and as of today (Cont.) 6. Bangalore, India: (For further details refer to Note 6(b)(1) of the consolidated financial statements as of December 31, 2019) On April 2019, new understandings were formulated between Elbit Plaza India Real Estate Holdin
Slide 6: Company's Activities in 2019: Other material events
Company’s Activities in 2019 Other material events during 2019 and as of today 1. Bonds (Series A and Series B ) Interest and principal payments : On February 2019 t he Company paid principal of EUR 250,000 and Penalty interest on arrears of EUR 150,000. The payments were executed following the bond
Slide 7: Company's Activities in 2019: Other material events (Cont.)
Company’s Activities in 2019 Other material events during 2019 and as of today (Cont.) 5. Request to reveal documents – Romania: In November 2019, the court denied the National Agency for Fiscal Administration complaint as unfounded. The court’s decision is final. 6. Request to reveal documents – Ro
Slide 8: Financial Highlights: Consolidated Statement of Financial Position
Financial Highlights Financial Overview Consolidated Results (€ 000) Statement cont. of Financial Position (EUR 000) Year ended December 31 2019 2018 ASSETS Cash and cash equivalents 1,126 1,405 Prepayments and other receivables 181 240 Total current assets 1,307 1,645 Trading properties 40,375 42,6
Slide 9: Financial Highlights: Consolidated Statement of Profit or Loss
Financial Highlights Financial Overview Consolidated Results (€ 000) Statement cont. of Profit or Loss (EUR 000) Year ended December 31 2019 2018 Revenues and gains Revenue from disposal of trading properties 3,684 2,333 Total Revenues 3,684 2,333 Gains and other Other income 78 254 Total Gains 78 2
Slide 10: Financial Highlights: Assets Book Value 31.12.2019
Financial Highlights Assets Book Value 31.12.2019 Book Value Project Country Type December 31, 2019 (EUR M) Casa Radio * Romania Plot 39.83 Brasov ** Romania Plot 0.55 Total Trading Property 40.38 Bangalore *** India Plot 12.9 Chennai **** India Plot 6.8 60.08 • The Company, with the assistance of a
Slide 11: Financial Highlights: Debt Structure of the Group
Financial Highlights Debt DebtStructure structure ofof thethe Group (€ Millions) Group Debentures (Adjusted Par Value) 89 Debt Accrued interests 3.9 Total Debt including accrued interests 92.9 Trading property (including India)* 39 Resources Current assets and liabilities, net 0.7 Total sources 39.7
Slide 12: Debt: History of corporate debt raisings and bond repayments
Debt Capital Markets & Debt Restructuring – History of capital raising and bond History of corporate repayments debt raisings and bond repayments by the Company by the Company Series A Series B Israeli Bonds Israeli Bonds NIS Bond raising (2007-2011) 401,850,451 1,483,126,346 Interest accrued and ca
Slide 13: Projected Cash Flows
Projected Cash Flows NAV of the Projected Group Cash Flows (€ Millions) 2020 2021 Cash - Opening Balance – HQ (3) 1.13 0.56 Proceeds from sales transactions, price adjustments (4) 0.80 - Source Cashflow from equity companies in India (5) 1.18 5.29 Total Sources 3.11 5.85 Debentures – principal - - D
Slide 14: Projected Cash Flows (Cont.)
Projected Cash Flows NAV of the Projected Group Cash Flows (€ Millions) (Cont.) 6) The expected payments are subject to recipient of all the proceeds the Company included in the cash flows, actual amount which will be paid to the bondholders will be adjusted based on the actual proceeds the company
Slide 15: The End
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