Helios Re Socimi, S.a. · BME:SCHLR
Helios Re Socimi — Lar España Real Estate SOCIMI — Investor Presentation (June 2024)
26 slides from Helios Re Socimi's investor presentation, June 2024
Slide 1: Corporate presentation
Corporate presentation June 2024
Slide 2: Index
Index 1 Company Overview 2 Q1 2024 Business Update 3 Final remarks 2 Corporate presentation
Slide 3: Company Overview
_— The REIT for the 1 la 5 .. new retail w@rld Company Overview
Slide 4: Leaders in the retail segment
Corporate presentation Leaders in the retail segment Lar España's mission is to lead the retail real estate industry thanks to the size of its portfolio, the quality of its assets and the efficiency of its management model. The constant improvement in these three objectives allows it, in turn, to al
Slide 5: With a differential business model
Corporate presentation With a differential business model Dominant shopping centres in catchment areas Omnichannel strategy Our assets are located in relevant but low retail We see e-commerce as an opportunity not a risk. It is a new hybrid density areas, with limited competition around and form of
Slide 6: We have not stopped improving
Corporate presentation We have not stopped improving Acquisition of Megapark, Lagasca 99 residential Lagoh opening Covid-19 €50 Mn dividend paid €400 Mn IPO Amortization of the El Rosal, As Termas and Acquisition of delivery pandemic, proving in 2023 Senior Secured Bond logistic warehouse Vistahermo
Slide 7: Creating a value-added REIT
Corporate presentation Creating a value-added REIT Our Mission To provide our customers with unique shopping experiences by combining 12 100% leisure and retail through an omnichannel approach. Assets Ownership of the assets Our Vission To lead the industry based on the size of our portfolio, the qu
Slide 8: A clear idea: dominant & resilient portfolio
Corporate presentation A clear idea: dominant & resilient portfolio Lagoh | SC Gran Vía de Vigo | SC Portal de la Marina | SC El Rosal | SC 69,734 sqm 41,447 sqm 40,334 sqm 50,996 sqm Visits: 5.4 Mn Visits: 4.8 Mn Visits: 2.5 Mn Visits: 3.6 Mn Sales: €94.7 Mn Sales: €81.3 Mn Sales: €65.9 Mn Sales: 8
Slide 9: Meeting the highest standards
Corporate presentation Meeting the highest standards >300K Occuppancy Leader in catchment Refurbished/ > 4 Inditex Shopping centers Asset class GLA >40K sqm inhabitants >4 Million visits Food anchored BREEAM >90% area developed last 5y flags catchment area Lagoh Dominant Gran Vía de Vigo Dominant Po
Slide 10: Committed with transparency, environment and governance
Corporate presentation Committed with transparency, environment and governance Board of Directors EPRA Gold Award Financial Reporting José Luis Roger M. Isabel Leticia Miguel 2015 2016 2017 2018 2019 2020 2021 2022 2023 del Vale Cooke Aguilera Iglesias Pereda Chairman Vice Chairman 4 Independent Dir
Slide 11: And supported by top experienced management: Grupo Lar
Corporate presentation And supported by top experienced management: Grupo Lar Investment Management Agreement ➢ Grupo Lar owns a 10% in Lar España Key figures ➢ Stability shareholding ➢ Reliable manager and partner 55 years in a row 250 ➢ Solid management team ➢ Strong financial structure as leaders
Slide 12: Q1 2024 Business Update
_— The REIT for the 1 la 5 .. new retail w@rld Q1 2024 Business Update
Slide 13: Leasing activity Q1 2024
Corporate presentation Leasing activity Q1 2024 EFFORT RATE GLA ROTATED NEGOTIATED RENT UPLIFT RENT 10.2%1 5,490 sqm €1.7 Mn +0.8%2 31 6 19 6 Operations Relettings Renewals New lettings 1 Including expenses 2 Above CPI/indexation adjustments 13 Q1 2024 Business Update
Slide 14: Operating and financial results Q1 2024
Corporate presentation Operating and financial results Q1 2024 Results GRI NOI EBITDA RECURRING ORDINARY NET PROFIT EPRA EARNINGS €23.7 Mn €19.9 Mn €16.6 Mn €17.4 Mn €15.3 Mn +4.8% LfL1 vs Q1 2023 +5.2% LfL1 vs Q1 2023 = vs Q1 2023 +20.8% vs Q1 2023 +19.4% vs Q1 2023 Assets GAV EPRA “TOPPED-UP” OCCU
Slide 15: Debt profile & cash position
Corporate presentation Debt profile & cash position BBB Outlook Stable 1 NET FINANCIAL DEBT 2 NET LTV 3 AVERAGE COST OF DEBT €387.1 Mn 29.5%1 1.78% 4 5 6 AVERAGE DEBT MATIRUTY FIXED RATE AND GREEN DEBT UNENCUMBERED 3.5 years 100% 100% 1 Pro-forma Net LTV after 2023 dividend payment would be 34.5% 15
Slide 16: P&L Q1 2024: strong set of results
Corporate presentation P&L Q1 2024: strong set of results Q1 2024 Q1 2023 Q1 2024 Q1 2023 Q1 2024 Q1 2023 % Growth Consolidated Income Statement (€ Millions) Total Non Recurring Recurring Revenues 22.9 24.2 (1.8)1 0.32 24.6 23.9 Other Income 0.8 0.9 - - 0.8 0.8 Total Income 23.7 25.1 (1.8) 0.3 25.5
Slide 17: We have paid the highest ordinary dividend in our history + extraordinary dividend
Corporate presentation We have paid the highest ordinary dividend in our history + extraordinary dividend 12.9% Div Yield1 € 0.80 ps € 0.79 ps €75.0 Mn € 0.63 ps €66.2 Mn € 0.49 ps € 0.60 ps €55.0 Mn € 0.31 ps € 0.36 ps €50.0Mn € 0.33 ps €45.0 Mn € 0.20 ps €30.0 Mn €30.0Mn €27.5 Mn € 0.033 ps €12.0
Slide 18: Even the share's appreciation, the dividend yield remains very strong
Corporate presentation Even the share's appreciation, the dividend yield remains very strong… Revaluation of Lar España’s shares 2023 & Q1 2024 Dividend yield over market cap 14.2% 12.9% 4.0% 4.1% FY 2023 Q1 2024 +45.6% +17.4% 2022 2023 Lar España Spanish Stock Market 1 Spanish stock market average
Slide 19: We continue applying the best environmental practices
Corporate presentation We continue applying the best environmental practices Decarbonisation strategy aligned with SBTi • Near-term targets: Climate Neutral by 2030 with 60% reduction in Scope 1 + 2 (market-based) vs 2019. • Net-Zero by 2050 (Scope 1+2+3) • Commitment to make progress in the measure
Slide 20: And the best-in-class practices
Corporate presentation And the best-in-class practices Best corporate International Accessibility Sustainable Mobility governance practices recognitions 8 certified assets in Universal Green clauses in c. 30%2 of the Company’s total contracts A Accesibility ESG Rating +200 vehicle charging stations
Slide 21: Final remarks
The REIT for the 1 new retail w@rld Final remarks
Slide 22: In summary: another quarter of strong results
Corporate presentation In summary: another quarter of strong results GROWING SOLID OPERATING INCREASE IN RENTS RESULTS RECURRING NET PROFIT GRI +4.8% LfL1 vs Q1 2023 NOI +5.2% LfL1 vs Q1 2023 Recurring net profit +20.8% vs Q1 2023 MODERATE DEBT IMPROVEMENT IN DISTRIBUTION OF ONE LEVEL EPRA FIGURES O
Slide 23: …thanks to our focus on…
Corporate presentation …thanks to our focus on… STRONG ACTIVE ASSET OPTIMAL TOP IN CLASS ESG EXCELLENT PORTFOLIO MANAGEMENT OMNICHANNEL PRACTICES SHAREHOLDER STRATEGY PROFITABILITY 23 Final remarks
Slide 24: Lar España 2023 in two minutes
Corporate presentation Lar España 2023 in two minutes 24 Final remarks
Slide 25: 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 26: www.larespana.com
a En... | 10 The REIT for the www.larespana.com new retail w@rld
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