Hotei Properties Group Socimi Sa · BME:YHTI
Hotei Properties Group Socimi Sa — Millenium Hospitality Real Estate SOCIMI — Investor Presentation (November 2022)
21 slides from Hotei Properties Group Socimi Sa's investor presentation, November 2022
Slide 1: Excellent exposure to flagship hotel properties
Excellent exposure to flagship hotel properties Corporate Presentation November 2022 1
Slide 2: Index
Index 1. Introduction 2. Strategy 3. History 4. Portfolio 5. Key figures 6. Shareholder Structure 7. Corporate Governance 8. Management 9. Market Environment 10. Conclusions 11. Appendix 2
Slide 3: Disclaimer
Disclaimer This presentation does not constitute or form part of, and should not be construed as, any offer to sell or issue or invitation to purchase or subscribe for, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall it nor the fact of its dist
Slide 4: Introduction
Introduction The only listed company with a Value-Added focus on luxury hotels and presence in Spain and Portugal PLATFORM PORTFOLIO FIGURES FINANCIAL METRICS 4* & 5* Hotels in prime €445M GAV (1) > €570M invested +12 hotels locations 40% in operation 45% under conversion in major Spanish tourist ci
Slide 5: Strategy
5 Strategy The only listed real estate company with a Value-Added focus on luxury hotels and presence in Spain and Portugal • Acquisition of flagship Real Estate assets in prime areas of major tourist cities in Spain and Portugal, with might be hotels in operation or properties with potential to bec
Slide 6: Strategy
Strategy The only listed company with a Value-Added focus on luxury hotels and presence in Spain and Portugal • Shareholders who prioritize investment in quality assets, medium- and long- term value creation and dividends. • Approximately 500 shareholders with a Free Float of 40% Aligned Shareholder
Slide 7: Contract Structure is Built on Operator and Property Owner Alignment
Contract Structure is Built on Operator and Property Owner Alignment • Lease agreement base on a variable rent (70-75% of the hotel GOP) with a guaranteeing minimum fixed rent linked to CPI Rent Structure • Variable rent makes it possible to participate in the sector’s bounce-back and maximize retur
Slide 8: History
History Millenium Hospitality Real Estate great Evolution in 3 years 2 February 2018 3 May 2018 4 October 2018 5 March 2019 7 April 2019 8 July 2019 9 10 November 2019 1 6 April 2019 October 2019 Millenium Hospitality RE is July 4, 2019, registered with a Millenium single shareholder: debuts with Ja
Slide 9: Portfolio summary
Portfolio summary Estimated Estimated datedate of entry of entry intointo operation operation of assets of the the assets Evolution GAV portfolio 2022 2023 2024 Category sustainability certificate Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Keys 36,1% Lucentum 4* x x x x x x x x x 169 Meliá Bilbao 5* x x x x x x x x
Slide 10: Portfolio overview
Portfolio overview LEED Gold certification is in the pipeline for all assets under refurbishment Assets Acq cost GAV(1) : Acq cost GAV(1) : 32.4M GAV(1) : 51.1M GAV(1) : 46.7M GAV(1) : 47.2M GAV(1:) 8.4M GAV(1) : 3.4M GAV(1) : 11,5M GAV(1) : 40.5M GAV(1) :65.7M 70M 137.9M 31M San Alicante Bilbao Sev
Slide 11: Key figures
Key figures Excellent performance of key figures in 2021 and 1H22 REVENUES LTV NET PROFIT +5% 8 8,5 22,8 28,70% +12.7x 15,8 +76% +47.8% 5,5 26,70% 9,5 4,54 1,2 3,7 25,50% 2019 2020 2021 1H21 1H22 2020 2021 1H22 1H21 2019 2020 2021 1H21 1H22 -14,9 ➢ The LTV debt ratio(1) stands at 26.7% at the end of
Slide 12: Shareholder Structure
Shareholder evolution Shareholder structure Shareholder Structure Castlelake; 49,72% Free Float; 40,19% Arconas Mutualidad de la international; 5,05% Abogacia; 5,05% • Castlelake has been the main shareholder of the Company since July 2021 (49.72%) ▪ Significant Free Float percentage: 40% ▪ More tha
Slide 13: Board of Directors
Shareholder evolution Board of Directors Recognized Board of Directors Isabel Dutilh Jaime Montalvo Luis Basagoiti Macarena Sainz de Vicuña Pilar Muñoz Independent Director Independent Director Independent Director Independent Director Independent Director Javier Illán Chairman & CEO José María Cast
Slide 14: Management team
Shareholder evolution Management team Management team with an average of over 20 years of experience in the Spanish Real Estate sector plus an incentive plan aligned with shareholders’ interests and subject to achieving targets María Pardo Javier Illán Plaza Juan Odériz Emilio Rotondo Pedro Maestre
Slide 15: Market Context
Market Context. The data indicates that 5-star urban hotels are performing well, which is where MHRE's strategy is focused. In 2021, hotel investment stood at 3,180M, 330% over 2020 and 26% Despite wide dispersion seen in 2021, the average price paid per room hit a Shareholder movements In 2021, alm
Slide 16: Conclusions
Conclusions A European leader in the luxury hotel ❑ Great achievements in just 3 years sector ✓ High quality portfolio of €546M(1) ✓ Lease agreements with tier 1 luxury hotel operators. 10/12 assets have a lease agreement. ✓ 5 of 12 hotels in operation. We expect to have half of the portfolio in ope
Slide 17: Appendix
Appendix 20 18
Slide 18: Consolidated results H122 (IFRS)
Consolidated results H122 (IFRS) 6/30/2022 6/30/2021 Var % (Euros) (6 months) (6 months) (6 months) ➢ Revenues improved further in 1H22, reaching €5.5 million. This is a 47.8% increase on the same period last year, driven by growth in both hospitality (+49.2% vs 2021) and golf course (+39.3%) activi
Slide 19: Consolidated Results H122 (IFRS) - Balance Sheet
Consolidated Results H122 (IFRS) Consolidated Balance Sheet 30 June 2022 31 December 2021 • Property, plant and equipment and real estate investment properties increased by €8 million due to the Total investment properties including those for disposal 455.984.784 448.006.370 negative effect of the a
Slide 20: Balance Sheet
Balance Sheet EQUITY & LIABILITIES 30 June 22 31-dic-21 EQUITY 543.480.046 372.160.949 Millenium Hospitality Real Estate SOCIMI, S.A. Capital & Reserves 543.480.046 372.419.934 Consolidated Balance Sheet Unrealized Gaind (losses) reserves 0 (258.985) (Euros) NON CURRENT LIABILITIES 119.346.493 113.6
Slide 21: Contact information
Contact information María Pardo Investor Relations and Communications Director Email: mariapardo@mhre.es Paseo de la Castellana 102 28046 Madrid Telephone: 91 185 17 10 www.mhre.es
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