Barcino Property Socimi Sa · BME:YBAR
Barcino Property Socimi Sa — Q1 2025 Earnings Presentation
15 slides from Barcino Property Socimi Sa's earnings presentation, Jun 2, 2025
Slide 1: Otra Información Relevante
Barcelona, 2 de junio de 2025 Barcino Property SOCIMI, S.A. (en adelante “Barcino”, la “Sociedad” o la “Compañía”), en virtud de lo previsto en el artículo 17 del Reglamento (UE) nº 596/2014 sobre abuso de mercado y en el artículo 227 de la Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de
Slide 2: Q1 2025 and FY 2024 Results Presentation
BARCINO PROPERTY SOCIMI, S.A. Q1 2025 and FY 2024 Results Presentation JUNE 2025
Slide 3: Disclaimer
2 - BARCINO PROPERTY SOCIMI, S.A. DISCLAIMER This presentation (the “Presentation”) has been prepared by Barcino Property SOCIMI, S.A. materially from those anticipated in such statements. Accordingly, readers should not place (“Barcino”) and Vistalegre Property Management, S.L., –the Barcino’s mana
Slide 4: Table of Contents
3 - BARCINO PROPERTY SOCIMI, S.A. TABLE OF CONTENTS 01 Business Review 03 Q1 2025 KPIs 05 FY 2024 Results 07 FY 2024 balance sheet 02 Q1 2025 Results 04 Capex 06 FY 2024 KPIs 08 Appendix
Slide 5: Business Review
4 - BARCINO PROPERTY SOCIMI, S.A. 01/ BUSINESS REVIEW GOI WEAKER THAN EXPECTED DUE TO INCREASE IN MARKET DISPOSALS SUPPLY IN LOW-SEASON PERIOD AND ASSET SALES ! During Q1 2025, Barcino has completed the sale of 12 residential units for €5.1m. Barcino had ! Q1 2025 Gross Operating Income €468k, down
Slide 6: Q1 2025 Results
5 - BARCINO PROPERTY SOCIMI, S.A. 02/ Q1 2025 RESULTS BARCINO PROPERTY In EUROS Q1 2025 (*) Q1 2024(*) Var 25/24 % P&L Rental Income 467.630 649.150 GROSS OPERATING INCOME: GENERAL AND ADMINISTRATIVE GROSS OPERATING INCOME (GOI) 467.630 649.150 -28% ! GOI of €467k, down by -€182k, COSTS: OPERATING E
Slide 7: Q1 2025 KPIs
6 - BARCINO PROPERTY SOCIMI, S.A. 03/ Q4 2024 KPIs LFL MID TERM-REVENUES OCCUPANCY MID-TERM 300,000 300.000 100% 280,000 280.000 90% 260,000 260.000 -19% 80% -14% 240,000 240.000 70% 220,000 220.000 60% 200,000 200.000 180,000 180.000 50% Q1 2024 * Q1 2025 * Q1 2024 * Q1 2025 * LFL mid term Q1 reven
Slide 8: Remaining Capex
7 - BARCINO PROPERTY SOCIMI, S.A. 04/ REMAINING CAPEX ! Major capex expected to be completed in Q2 2025, capex expected to be less than €0.3k. ! Capex for a building that could benefit from refurbishment could amount to c.€0.6m. ! There are still life leases and long-term lease units that may benefi
Slide 9: FY 2024 Results
8 - BARCINO PROPERTY SOCIMI, S.A. 05/ FY 2024 RESULTS BARCINO PROPERTY In EUROS 2024 2023 Var 24/23 % P&L GROSS OPERATING INCOME: GENERAL AND ADMINISTRATIVE Rental Income 2,593,370 2,523,596 ! GOI €2.6m, increase in GOI of €70k, COSTS: GROSS OPERATING INCOME (GOI) 2,599,481 2,534,745 3% +3% YoY. ! D
Slide 10: 2024 KPIs
9 - BARCINO PROPERTY SOCIMI, S.A. 06/ 2024 KPIs LFL MID TERM-REVENUES OCCUPANCY MID-TERM 850.000 850,000 -1% 800.000 800,000 95% 93% 750,000 750.000 91% -1% 240,000 89% 700.000 87% 700,000 650.000 85% 2023 2024* 2023 2024* LFL mid term 2024 revenue decline Occupancy down from 91% to 90% based on 35
Slide 11: 2024 Balance Sheet
10 - BARCINO PROPERTY SOCIMI, S.A. 07/ 2024 BALANCE SHEET Balance sheet as of 31 december 2024 and 2023 (in Euros) ASSETS 31/12/2024 31/12/2023 1 A) NON-CURRENT ASSETS 35,251,939 38,090,934 1.1 I. Intangible fixed assets 2,092 2,137 1.2 II. Property, plant and equipment 522 623 1.3 III. Investment p
Slide 12: Appendix
BARCINO PROPERTY SOCIMI, S.A. 08/ APPENDIX
Slide 13: FY 2024 Results Statement of Profit or Loss
12 - BARCINO PROPERTY SOCIMI, S.A. FY 2024 RESULTS STATEMENT OF PROFIT OR LOSS 1. Revenue 2024 2,593,370 2023 2,523,596 STATEMENT OF Real estate leases 5. Other operating income a) Other operating income 2,593,370 6,111 3,111 2,523,596 11,148 11,148 PROFIT OR LOSS 6. Staff costs b) Operating grants
Slide 14: Contacts
13- BARCINO PROPERTY SOCIMI, S.A. CONTACTS Josep Turró President of the Advisory Committee | Barcelona jturro@vistalegrepm.com Laura Turró COO | Barcelona lturro@vistalegrepm.com Olga Sevillano CFO | Barcelona osevillano@vistalegrepm.com
Slide 15: Q1 2025 and FY 2024 Results Presentation
BARCINO PROPERTY SOCIMI, S.A. Q1 2025 and FY 2024 Results Presentation JUNE 2025
Barcino Property SOCIMI — Q1 2025 Earnings Presentation on 6ix