Zambal Spain Socimi Sa · BME:YZBL

Zambal Spain Socimi Sa — Shareholder Meeting (June 2024)

19 slides from Zambal Spain Socimi Sa's shareholder meeting presentation, Jun 20, 2024

  1. Slide 1: Otra Información Relevante - Zambal Spain Socimi

    OTRA INFORMACIÓN RELEVANTE ZAMBAL SPAIN SOCIMI, S.A. 20 de junio 2024 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 los Servicios de Inversión, y disposiciones c

  2. Slide 2: General Shareholders Meeting 20th June 2024

    General Shareholders Meeting 20th June 2024 1

  3. Slide 3: 1. Business Highlights

    1. Business Highlights More than €1,000M invested since 2013 in Spain 280,153 sqm GLA ~88% Portfolio Occupancy Non recourse to bank financing across the entire portfolio Current External RICs Valuation of Portfolio (31/12/2023): €985M 2

  4. 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 2023: €46.3M * * Net Operati

  5. 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 analysing the possibility to invest in other asset classes and markets. •

  6. Slide 6: 2. 2023 Summary

    2. 2023 Summary 1) Zambal is oriented towards prime real estate recurring rents-generating assets, preferably commercial (tertiary use), mainly located in Madrid : I. During 2023, there has been an increase in net rental income by € 2,1m. The main reason was due to the increase in rents due to CPI.

  7. Slide 7: 3.1. Portfolio Evolution

    3.1. Portfolio Evolution Portfolio Evolution 1.000 Millones 980 960 940 920 900 880 860 840 820 800 Valuation - December 2021 Valuation - December 2022 Valuation - December 2023 Acquisition value Market value RICS valuations by an external expert. 6

  8. Slide 8: 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 north of Madrid between the M-30 and M-40 satellite highways and has direct access to t

  9. Slide 9: 4. Assets Acquired in 2014

    4. Assets Acquired in 2014 PRINC BUILDING (Madrid) OFFICE BUILDING  Acquisition Date: June 2014  GLA: 9,798 sqm + 187 parking units  Tenant: ENAGAS Located in the Embajadores neighborhood of Madrid, which is enjoying sustainable growth thanks to the Madrid Río urban park and the Mahou beer maker,

  10. Slide 10: 4. Assets Acquired in 2015

    4. Assets Acquired in 2015 AVDA. DE BURGOS 118 (Madrid) OFFICE BUILDING  Acquisition Date: January 2015  GLA: 11,682 sqm + 495 parking units (*)  Tenant: BMW A standalone building located in a prestigious business park at the junction of the A-1 and M-11 highways, adjacent to the future extension

  11. Slide 11: 4. Assets Acquired in 2016

    4. Assets Acquired in 2016 AVDA. DE MANOTERAS 40 (Madrid) LEISURE CENTRE  Acquisition Date: May 2016  GLA: 13,000 sqm + 980 parking units  Tenant: Multi Tenant (Main tenant CINESA-AMC) The Manoteras Leisure Centre, located in the North periphery of Madrid, with its façade fronting directly onto t

  12. Slide 12: 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, in the northwest area of Madrid. The property consists of 14 floors abov

  13. Slide 13: 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: NTT Data HQ, Hilti and Eurest Grade A office building located in Camino Fuente de la Mora 1, in Manoteras business area

  14. Slide 14: 4. Assets Acquired in 2023

    4. Assets Acquired in 2023 FRANCISCO GERVÁS 10 (Madrid) OFFICE BUILDING CENTRE  Acquisition Date: December 2023  GLA: 7,954 sqm + 168 parking units  Tenant: Madrid Community Building near Paseo de la Castellana, with an area of 7,954 square meters, distributed over 14 floors above ground and thre

  15. Slide 15: 5. Financial Information

    5. Financial Information (€'000) Balance sheet 31/12/2023 31/12/2022 Variance % Variance Non-current assets 846,745 785,459 61,286 7.80% Investment properties 840,009 778,431 61,578 7.91% Long-term investments 6,736 7,028 (292) (4.15%) Current assets 22,086 55,291 (33,205) (60.05%) Trade and other r

  16. Slide 16: 5. Financial Information

    5. Financial Information (€'000) Balance Sheet 31/12/2023 31/12/2022 Variance % Variance Equity 781,448 778,577 2,871 0.37% Share capital 646,006 646,006 - 0.00% Share Premium 66,522 66,522 - 0.00% Reserves 43,768 41,224 2,544 6,17% Treasury shares (613) (613) - 0.00% Profit/(loss) for the year 25,7

  17. Slide 17: 5. Financial Information

    5. Financial Information (€'000) Income Statement 31/12/2023 31/12/2022 Variance % Variance Incomes 58,840 56,699 2,141 3.78% Total Revenue 58,840 56,699 (2,141) 3.78% Staff Costs (255) - (255) n.a. Other Operating Expenses (16,535) (14,765) (1,770) (11.99%) Fixed Asset Depreciation (14,464) (14,680

  18. Slide 18: 5. Financial Information

    5. Financial Information €'000 31/12/2023 31/12/2022 Income 58,840 56,699 EBITDA* 41,374 41,933 Investment Properties (IP) 840,009 778,431 % EBITDA / IP 4,93% (**) 5.39% * EBITDA is calculated as Operating Result - Fixed Asset Depreciation - Impairment ** The acquisition of Bato toke place on Decemb

  19. Slide 19: 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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