Helios Re Socimi, S.a. · BME:SCHLR
Helios Re Socimi — Lar España Real Estate SOCIMI — Investor Presentation (March 2022)
23 slides from Helios Re Socimi's investor presentation, March 2022
Slide 1: Corporate Presentation Lar España March 2022
C O R P O R AT E P R E S E N TAT I O N L A R E S PA Ñ A March 2022 www.larespana.com
Slide 2: Company Overview
Company Overview 1
Slide 3: Lar España at a glance
Company Overview Our Mission Optimize the profitability of our shareholders through responsible and efficient management of our retail assets, which Lar España at a glance incorporates technology as a key element in a relationship that generates value for our retailers and customers. Our Vission Pro
Slide 4: A clear idea: dominant & resilient portfolio
Company Overview A clear idea: dominant & resilient portfolio Lagoh | SC Gran Vía de Vigo | SC Megapark | SC RP 69,734 sqm 41,447 sqm 81,577 sqm Visits: 5.4 Mn Visits: 4.8 Mn Visits: 9.5 Mn Sales: €94.7 Mn Sales: €81.3 Mn Sales: €92.7 Mn Dominant. Dominant Dominant Ànec Blau | SC P. Marina | SC CC:
Slide 5: From the IPO to nowadays: retail leader in Spain
Company Overview From the IPO to nowadays: retail leader in Spain MAIN SHOPPING CENTRES AND RETAIL PARKS MARKET PLAYERS RETAIL LEADERS IN SPAIN Avg. GLA ownership Lar España Owned GLA (est.) # Assets 551.405 14 per asset 41,3781 #1 sqm GLA1 Asset stake owned Portfolio Size gives us benefits in: • Gl
Slide 6: A unique business model
Equity Story A unique business model Dominant shopping centres in catchment Ommnichannel strategy areas We see e-commerce as an opportunity not a risk. It is a Our assets are located in relevant but low retail new hybrid form of commerce, where customers shop density areas, with limited competition
Slide 7: The way we do things
Equity Story The way we do things 1 Differentiation 2 Diversification 3 Management 44 Innovation 5 Responsibility Prime assets in Grupo Lar: 50 years Digital Multiproduct offer dominant Manager experience transformation catchment areas Critical activities Big data for asset Financial Solvent & inter
Slide 8: Committed with transparency, environment and governance
Company Overview Board of directors Committed with transparency, Jose Luis Leticia Isabel Roger M. Alec Miguel Pereda environment and governance del Valle Iglesias Aguilera Cooke Emmott Vice Chairman Chairman of Lar España of the Chairman of Board Grupo LAR Independent Directors Proprietary Director
Slide 9: FY 2021 Results
lor eee FY 2021 Results
Slide 10: FY 2021 Financial Results
FY 2021 Results Results Assets FY 2021 € 79.1 Mn Outperforming the Spanish and European Financial Results GRI FY 2021 market 5.9% € 69.9 Mn EPRA “topped-up” NIY NOI FY 2021 96.1% € 25.8 Mn Occupancy 31st December 2021 Net Profit FY 2021 2.7 years WAULT €1,424Mn GAV 95% 2021 Collected rents €10.41 1
Slide 11: FY 2021 Corporate Results
FY 2021 Results Corporate FY 2021 7.0% €313.5Mn2 Corporate Results €30.0 Mn Liquidity Dividend Dividend Yield €0.36 p.s. proposed dividend Over market cap1 Net LTV 40.7% €400 Mn Green Bond issuance July 2021 Closing FY 2021 4x 1.75% Average cost of debt 1.9%3 Over suscription Interest rate €300 Mn G
Slide 12: Best in class practices in ESG
FY 2021 Results Best in class practices in ESG 100% Recommendations of the CNMV Good Governance Code complied BBB MSCI ESG Rating FTSE Russell Global Index kept Lar España as a constituent We are one of the 30 companies that are part of the IBEX Gender Equality Index. on its FTSE4Good index. For the
Slide 13: Stable valuations
FY 2021 Results Stable valuations 31st December 2021 Valuation €1,424 Mn Including Capex Invested A resilient portfolio of dominant shopping centres in Asset appraisal variations 48.8% attractive catchment areas. Cherry picked assets carefully selected without acquiring portfolios. Assets c.100% own
Slide 14: Continuosly improving valuations
FY 2021 Results Continuosly improving valuations Valuation evolution on half year basis Reasons of the good performance of our +0.9% portfolio +0.9%: 100% rents, 0% yield effect Dec 2020 Jun 2021 Dec 2021 Leaders in their area of influence -0.4% Fully refurbished assets All shopping centers are BREE
Slide 15: Attractive dividend: Maintained despite Covid-19
FY 2021 Results Attractive dividend: Maintained despite Covid-19 8.9% Div Yield over Market Cap 1 Committed to profitability € 0.63 ps € 0.54 ps €55.0 Mn • Prudent cash position control with a detailed € 0.49 ps 7.0% Div 6.7% Div liquidity analysis. Yield over €50.0 Mn Yield over Market Cap Market C
Slide 16: Covid-19 Update
Covid-19 Update 3
Slide 17: Current footfall and declared sales recovery vs 2019
Covid-19 Update Current footfall and declared sales recovery vs 2019 100% 100% GLA opened Footfall recovery Sales recovery 112% 106% 105% 103% 97% 99% 104% 104% 102% 100% 95% 91% 94% 96% 96% 94% 97% 86% 104% 109% 76% 74% 92% 94% 96% 93% 67% 93% 93% 90% 89% 95% 93% 93% 91% 91% 84% 86% 92% 74% 69% 49%
Slide 18: Covid-19 recovery: rents, sales and footfall
Covid-19 Update One-on-one agreements reached c. 100 % GLA On the way to recover Contracts >2024 pre-COVID levels 70 % 2021 Collected rents 95% Sales & Footfall FY 2021 Vs 2020 Vs 20191 Sales Lar España 892.8 €Mn +24.1% -2.1% Footfall Lar España 74.4 Mn visits +16.2% -12.5% +14.5%2 1 Like for Like (
Slide 19: Reasons to rely on Lar España
Reasons to rely on Lar España 4
Slide 20: Strong and resilient leadership in Spanish Retail
Reasons to rely on Lar España Strong and resilient leadership in Spanish Retail makes Lar España an extremely attractive 1 4 Retail sector, an opportunity 6.0% yield Attractive dividend policy. 7.0% dividend yield company to enter at attractive yields. prime SSCC1 over market cap 2 Strong value crea
Slide 21: Portfolio + Management + Profitability
Reasons to rely on Lar España In summary: with significant upside potential Sound balance, Innovative, with Truly committed Leaders in a clearly Resilient through moderate debt & focus on Top in class ESG to value creation recovering market cycles strong cash omnichannel practices & shareholder posi
Slide 22: 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 23: www.larespana.com
—_— lar www.larespana.com
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