Zambal Spain Socimi Sa · BME:YZBL
Zambal Spain Socimi Sa — Shareholder Meeting (June 2021)
22 slides from Zambal Spain Socimi Sa's shareholder meeting presentation, Jun 24, 2021
Slide 1: Otra Información Relevante
OTRA INFORMACIÓN RELEVANTE ZAMBAL SPAIN SOCIMI, S.A. 24 de junio 2021 En virtud de lo previsto en el artículo 17 del Reglamento (UE) nº 596/2014 sobre abuso de mercado y en el artículo 228 del texto refundido de la Ley del Mercado de Valores, aprobado por el Real Decreto Legislativo 4/2015, de 23 de
Slide 2: General Shareholders Meeting 24th June 2021
General Shareholders Meeting 24th June 2021 1
Slide 3: 1. Business Highlights
1. Business Highlights More than €1,000M invested since 2013 in Spain Current portfolio of 13 buildings with an acquisition value of €864M 270,468 sqm GLA ~100% Portfolio Occupancy Minimum recourse to bank financing across the entire portfolio Current External RICs Valuation of Portfolio (31/12/2020
Slide 4: 1. Business Highlights
1. Business Highlights ~95% of the portfolio’s GLA being office space Medium and long-term leases Multidisciplinary management team with a wide experience in the sector At least 80% profit-distribution as dividends as per SOCIMIs Legislation Net Operating Income (NOI) in 2020: €56.1M * * Net Operati
Slide 5: 1. Who are we?
1. Who are we? • Zambal Spain Socimi S.A. (hereinafter Zambal) is an investment vehicle created in 2013. Zambal’s purpose is to invest and subsequently manage prime real estate assets in well-consolidated markets. • Zambal is focused on a long-term investment policy, principally based on assets that
Slide 6: 2. 2020 Summary
2. 2020 Summary 1) Zambal is oriented towards prime real estate recurring rents-generating assets, preferably commercial (tertiary use), mainly located in Madrid : I. The whole portfolio has been affected by covid pandemic. Agreements have been closed with some tenants that have been strongly affect
Slide 7: 3.1. Like for Like Portfolio Evolution
3.1. Like for Like Portfolio Evolution Assets Acquired 2013 170 +38,08% Millones 160 Note: In November, 2019, the disposal of Plaza de 150 Cataluña, 23 took place. 140 130 120 110 100 Acquisition March 2014 January September March 2016 January January January January January Value 2015 2015 2017 201
Slide 8: 3.1. Like for Like Portfolio Evolution
3.1. Like for Like Portfolio Evolution Assets Acquired 2015 260 + 9,75% Note: In November, 2019, Millones 255 250 the disposal of Plaza de 245 Cataluña, 23 took place. 240 235 230 225 220 215 210 205 Acquisition September March 2016 January 2017 January 2018 January 2019 January 2020 January 2021 Va
Slide 9: 3.1. Like for Like Portfolio Evolution
3.1. Like for Like Portfolio Evolution Assets Acquired 2017 Assets Acquired 2018 200 Millones 115 -1.42% +1,77% Millones 198 114 196 113 194 192 112 190 111 188 110 186 109 184 Acquisition January 2018 January 2019 January 2020 January 2021 Acquisition Value January 2019 January 2020 January 2021 Va
Slide 10: 3.2. Portfolio Evolution
3.2. Portfolio Evolution Portfolio Evolution 1200 Millones 1000 +9,63% 800 600 400 200 0 Valuation - Valuation - Valuation - Valuation - Valuation - Valuation - Valuation - Valuation - Valuation - March 2014 January 2015 September 2015 March 2016 January 2017 January 2018 January 2019 January 2020 J
Slide 11: 4. Assets Acquired in 2013
4. Assets Acquired in 2013 AVDA. DE SAN LUIS 25 (Madrid) OFFICE BUILDING ▪ Acquisition Date: September 2013 ▪ GLA: 16,889 sqm + 403 parking units ▪ Tenant: UNEDISA (RCS Media Group) The building is located in the northern-east part of Madrid, specifically in Avenida de San Luis, 25, between M-30 and
Slide 12: 4. Assets Acquired in 2014
4. Assets Acquired in 2014 PRINK BUILDING (Madrid) OFFICE BUILDING ▪ Acquisition Date: June 2014 ▪ GLA: 9,798 sqm + 187 parking units ▪ Tenant: ENAGAS Prink Building is strategically located in Embajadores neighborhood, an area enjoying a steady growth due to Madrid Río scheme delivered in 2012, Vic
Slide 13: 4. Assets Acquired in 2015
4. Assets Acquired in 2015 AVDA. DE BURGOS 118 (Madrid) OFFICE BUILDING ▪ Acquisition Date: January 2015 ▪ GLA: 11,237 sqm + 448 parking units ▪ Tenant: BMW An emblematic modern business complex overlooking the A-1 motorway with a premier building specification. The building is facing Castellana nor
Slide 14: 4. Assets Acquired in 2016
4. Assets Acquired in 2016 AVDA. DE MANOTERAS 40 (Madrid) LEISURE CENTRE ▪ Acquisition Date: May 2016 ▪ GLA: 12,923 sqm + 980 parking units ▪ Tenant: Multi Tenant (Main tenant CINESA-AMC) The retail building has a gross lettable area of 12,923 sqm and 980 below ground parking spaces. It is currently
Slide 15: 4. Assets Acquired in 2017
4. Assets Acquired in 2017 SANTIAGO DE COMPOSTELA 96 (Madrid) OFFICE BUILDING ▪ Acquisition Date: November 2017 ▪ GLA: 14,731 sqm + 182 parking units ▪ Tenant: Audiencia Provincial de Madrid Office building located on the M-30 ring road, in the northwest area of Madrid. The property has 14 floors ab
Slide 16: 4. Assets Acquired in 2018
4. Assets Acquired in 2018 NOVUS BUILDING – AV. FUENTE DE LA MORA 1 (Madrid) OFFICE BUILDING CENTRE ▪ Acquisition Date: October 2018 ▪ GLA: 42,945 sqm + 561 parking units ▪ Tenant: Everis HQ, Hilti and Eurest Grade A office building located in Camino Fuente de la Mora 1, in Manoteras business area.
Slide 17: 4. Asset Sold in 2019
4. Asset Sold in 2019 PLAZA DE CATALUÑA 23 (Barcelona) DEPARTMENT STORE The property is located on the corner of Plaza de Cataluña and Las Ramblas, one ▪ Acquisition Date: June 2013 of the most prestigious retail locations in Barcelona. It is one of the very few ▪ GLA: 7,393 sqm buildings of Plaza d
Slide 18: 5. Financial Information
5. Financial Information (€'000) Balance sheet 31/12/2020 31/12/2019 Variance % Variance Non-current assets 803,911 816,599 (12,688) (1.6%) Investment properties 793,391 804,419 (11,028) (1.4%) Long-term investments 10,520 12,180 (1,660) (13.6%) Current assets 34,178 39,684 (5,506) (13.9%) Trade and
Slide 19: 5. Financial Information
5. Financial Information (€'000) Balance Sheet 31/12/2020 31/12/2019 Variance % Variance Equity 777,299 789,908 (12,609) (1.6%) Share capital 646,006 646,006 - 0.0% Share Premium 66,522 66,522 - 0.0% Reserves 33,245 12,878 20,367 158.2% Treasury shares (538) (506) (32) (6.3%) Profit/(loss) for the y
Slide 20: 5. Financial Information
5. Financial Information (€'000) Income Statement 31/12/2020 31/12/2019 Variance % Variance Incomes 58,968 60,960 (1,992) (3.3%) Total Revenue 58,968 60,960 (1,992) (3.3%) Staff Costs (169) (160) (9) 5.6% Other Operating Expenses (14,051) (13,289) (762) 5.7% Fixed Asset Depreciation (14,818) (14,502
Slide 21: 5. Financial Information
5. Financial Information €'000 31/12/2020 31/12/2019 31/12/2018 (**) Income 58,968 60,960 50,895 EBITDA* 46,995 47,511 39,521 Investment Properties (IP) 793,391 804,419 906,824 % EBITDA / IP 5.92% 5.90% 4.36% * EBITDA is calculated as Operating Result - Fixed Asset Depreciation - Impairment ** The I
Slide 22: 6. Disclaimer
6. Disclaimer This presentation has been prepared by Zambal Spain Socimi, S. A. (the Company) for informational use only. The information contained in this presentation does not purport to be comprehensive or to contain all the information that a prospective purchaser of securities of the Company ma
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