Colonial Sfl Socimi Sa · BME:COL
Colonial Sfl Socimi Sa — Inmobiliaria Colonial — Investor Day (October 2015)
18 slides from Colonial Sfl Socimi Sa's investor day presentation, Oct 20, 2015
Slide 1: Colonial – Corporate Presentation
COLONIAL – CORPORATE PRESENTATION Mr. Pere Viñolas Colonial CEO 1
Slide 2: Disclaimer
Disclaimer By accepting this presentation and/or by attending this presentation, you will be taken to have represented, warranted and undertaken that you have read and agree to comply with the contents of this disclaimer. The information contained in this presentation (“Presentation”) has been prepa
Slide 3: An unparalleled Prime Office Platform
Colonial Investor Day – Corporate Presentation An unparalleled Prime Office Platform Group Key Portfolio Metrics(1) Capital Structure Metrics(1) Group GAV 06/2015 €6.4 bn(1) +13% LFL(2) Market Capitalization(3) / Net Profit 1H15 €2.0 bn €202 m # of assets 35 Spain(1) 20 France EPRA NAV 06/2015 (cent
Slide 4: Exclusive High Quality Pure-Play Prime Office Portfolio
Colonial Investor Day – Corporate Presentation Exclusive High Quality Pure-Play Prime Office Portfolio Av. Diagonal 609-615 Av. Diagonal 409 Av. Diagonal 682 P. Castellana, 43 Miguel Ángel, 11 José Abascal, 56 Edouard VII Washington Plaza Galeries Champs El Passeig dels Til·lers Av. Diagonal 530 San
Slide 5: Long term oriented Shareholder Base with important free float
Colonial Investor Day – Corporate Presentation Long term oriented Shareholder Base with important free float Share price performance YTD First class financial structure High Credit Credentials Market Capitalization(1) €2,041 m +17% Colonial SPAIN +13% EPRA BBB- with stable outlook (by S&P) Free Floa
Slide 6: First Half Results showed strong performance
Colonial Investor Day – Corporate Presentation First Half Results showed strong performance Strong operating performance in all markets: Barcelona, Madrid & Paris Prime positioning & Active Property Management enable superior performance Very attractive shareholder return with a low risk profi
Slide 7: Strong momentum in take up thanks to active property management
Colonial Investor Day – Corporate Presentation Strong momentum in take up thanks to active property management Letting activity with very strong momentum in all markets Barcelona > 33,000 sq m let Madrid > 22,300 sq m let París > 74,000 sq m let 47.906 18.963 8.804 8.166 7.893 6.244 19.781 6.632 7.4
Slide 8: 2015 – Ongoing strong momentum in take up
Colonial Investor Day – Corporate Presentation 2015 – Ongoing strong momentum in take up First Class Property Management ensures strong momentum in capturing high quality demand Av. Diagonal, 409 Av. Diagonal, 530 López de Hoyos, 35 #Cloud 52% 88% 73% 43% (1) 97% let 100% let 93% let pre let 2
Slide 9: Above average take up proving superior letting performance
Colonial Investor Day – Corporate Presentation Above average take up proving superior letting performance Superior performance in letting activity based on: Prime positioning – Scarce high quality product in CBD locations Leading edge Property & Asset Management Capabilities Group GAV breakdown
Slide 10: Barcelona & Madrid - Prime positioning & active property management enable superior value creation
Colonial Investor Day – Corporate Presentation Barcelona & Madrid - Prime positioning & active property manag. enable superior value creation Superior value creation Significant future value creation potential GAV growth clearly above peers Unlocking value through Further Significant Attractive
Slide 11: Prime positioning – Solid base for attractive risk adjusted returns
Colonial Investor Day – Corporate Presentation Prime positioning – Solid base for attractive risk adjusted returns MADRID Peers – GAV Investments (1) Colonial – GAV Madrid Secondary 67% 10 Km A1 y Other Madrid CBD Mirasierra 5% 7% 22% CBD Alcobendas Alcobendas 73% A-1 11% 11% Madrid BD 27% M-30/ A-2
Slide 12: París - Prime positioning & active property management enable superior value creation
Colonial Investor Day – Corporate Presentation París - Prime positioning & active property management enable superior value creation Superior value creation Significant future value creation potential GAV 06/2015 Sustained superior shareholder return Valuation Yields 06/2015 Capital Values 06/2015 (
Slide 13: Drivers of Value Creation
Drivers of Value Creation 13
Slide 14: Drivers of Value Creation - Strong reversionary potential from current portfolio
Colonial Investor Day – Corporate Presentation Drivers of Value Creation - Strong reversionary potential from current portfolio Significant value & cash flow to be unlocked from current portfolio Gross Rents - Reversionary Potential - €m A reversionary potential without rental recovery Reversionary
Slide 15: Drivers for future value creation - Prime Factory Approach - Repositioning
Colonial Investor Day – Corporate Presentation Drivers for future value creation - Prime Factory Approach - Repositioning Unique repositioning to capture maximum value creation potential based on solid track record Investments 2016-19 Main Actions Unlevered Target IRR Barcelona & Estébanez Calderón
Slide 16: Drivers for future value creation - New Acquisitions
Colonial Investor Day – Corporate Presentation Drivers for future value creation - New Acquisitions Creative Prime Factory approach creating unique high quality CBD products through off market transactions Selective Investment approach – 405€m(1) Acquisitions Investments Targets – 5 Years MADRID – 3
Slide 17: Drivers of Cash Flow growth & value creation
Colonial Investor Day – Corporate Presentation Drivers of Cash Flow growth & value creation I Enhancement of Cash Flow II Value creation & growth III Capital structure 1. Progressive increase of Gross Rental Income 1. Prime factory potential current 1. Further improvement of credit Full impact of
Slide 18: Investor Day
Colonial INVESTCRDAY Bits: