Castellana Properties Socimi Sa · BME:YCPS
Castellana Properties Socimi Sa — FY25 Earnings Presentation
39 slides from Castellana Properties Socimi Sa's earnings presentation, June 2025
Slide 1: FY25 Financial Results Presentation
FY25 April 2024 - March 2025 Financial Results Presentation 1
Slide 2: Key Highlights
1 KEY HIGHLIGHTS 1.1 Highlights 1.2 Main KPIs performance FY25 1.3 A Transformational Year 2
Slide 3: 1.1 Highlights
FINANCIAL RESULTS PRESENTATION FY25 1.1 HIGHLIGHTS OPERATIONAL PERFORMANCE ▪ Like-for-Like GRI growth of +5.0% and NOI growth of +6.4% compared to FY24 ▪ Like-for-Like GAV growth of +3.6% versus March 2024 ▪ EPRA NTA of €904 million (+32% vs March 2024) or €7.08 per share ▪ Leading the market with s
Slide 4: 1.2 Main KPIs Performance FY25
FINANCIAL RESULTS PRESENTATION FY25 1.2 MAIN KPIs PERFORMANCE FY25 20 539,707sqm 6.4% 98.4% 8.6years 98.4% NOI LIKE-FOR-LIKE ASSETS GLA(i) OCCUPANCY(ii) WAULT (iii) RENT COLLECTION (iv) GROWTH Operational € 82million € 56million € 559million 4.95% 34.4% FFO/EPRA EARNINGS REPORTED GRI NET DEBT(v) ALL
Slide 5: 1.3 A Transformational Year
FINANCIAL RESULTS PRESENTATION FY25 1.3 A TRANSFORMATIONAL YEAR Seizing the moment: Creative and well-timed dealmaking for a transformative FY25 CASTELLANA PROPERTIES DELIVERED €837 MILLION IN TRANSACTIONS IN THE LAST YEAR: TRANSACTED (ii) ACQUISITIONS DISPOSALS ▪ Strategic entry into Portugal with
Slide 6: 1.3 A Transformational Year
FINANCIAL RESULTS PRESENTATION FY25 1.3 A TRANSFORMATIONAL YEAR Seizing the moment: Creative and well-timed dealmaking for a transformative FY25 Net yield (%) Forum Pricing not reflective of improving market conditions 10% Project Madeira ONGOING DEALS IN THE and strong operational performance Trio(
Slide 7: Operational Highlights
2 OPERATIONAL HIGHLIGHTS 2.1 Footfall & Sales 2.2 Portfolio value evolution 7
Slide 8: 2.1 Footfall and Sales
FINANCIAL RESULTS PRESENTATION FY25 2.1 FOOTFALL AND SALES OUTSTANDING PERFORMANCE ACROSS THE ENTIRE PORTFOLIO, ACHIEVING NEARLY 90 MILLION VISITS IN 2024 FOOTFALL SALES ▪ All assets continue to thrive, with Vallsur standing out distinctly. Having ▪ Sales in our shopping centers segment increased by
Slide 9: 2.2 Portfolio Value Evolution
FINANCIAL RESULTS PRESENTATION FY25 2.2 PORTFOLIO VALUE EVOLUTION ACTIVE ASSET MANAGEMENT ENSURED CONSISTENT GROWTH IN PORTFOLIO VALUE, DESPITE NEGATIVE YIELD PRESSURES IN CAP RATES OF RECENT YEARS A significant expansion in both discount rates and exit yields observed during 2023 and 2024 valuation
Slide 10: FY25 Financial Results
3 FY25 FINANCIAL RESULTS 3.1 Group Funds From Operations (FFO) 3.2 Financial Debt position 3.3 GRI Bridge and breakdown 3.4 GAV Bridge and breakdown 3.5 EPRA BPR Metrics 10
Slide 11: 3.1 Group Funds From Operations (FFO)
FINANCIAL RESULTS PRESENTATION FY25 3.1 GROUP FUNDS FROM OPERATIONS (FFO) CASTELLANA PROPERTIES REACHES A NET PROFIT OF €91 MILLION AND INCREASES EBITDA IN 12.1%. € thousand FY24 FY25 Gross rental income (GRI) 70.456 82.272 ▪ NOI amounted €74.5 million for FY25. On a Like-for-Like basis and Property
Slide 12: 3.2 Financial Debt Position
FINANCIAL RESULTS PRESENTATION FY25 3.2 FINANCIAL DEBT POSITION € million 31/03/2024 31/03/2025 € million (i) Gross Asset Value (GAV) 1,201 1,625 Gross Debt(ii) 500 639 199 639 Cash 35 82 500 (60) (ii)(iv) Net Debt 465 559 Metrics Gross LTV(iii) 41.7% 39.3% Net LTV (iv) 38.8% 34.4% NOMINAL DEBT DEBT
Slide 13: 3.3 GRI Bridge and Breakdown
FINANCIAL RESULTS PRESENTATION FY25 3.3 GRI BRIDGE AND BREAKDOWN FY25 REPORTED GRI INCREASE TO €82 MILLION LIKE-FOR-LIKE GROWTH OF 5.0% NOI LIKE-FOR-LIKE GROWTH OF 6.4% VERSUS FY24 SHOPPING CENTRES €115 million 84% RETAIL PARKS €22 million 16% LfL € million GROWTH 137 5.0%(i) 10.3 82.3 1.9 84.2 70.5
Slide 14: 3.4 GAV Bridge and Breakdown
FINANCIAL RESULTS PRESENTATION FY25 3.4 GAV BRIDGE AND BREAKDOWN 38% GAV GROWTH: STRATEGIC REINVESTMENT OF LAR ESPAÑA PROCEEDS DRIVES LANDMARK ACQUISITIONS IN PORTUGAL AND SPAIN Total GAV like-for-like increase FY25 3.6%(i) € million 74 1,734 25 28 1,660 497 1,201 (174) 92 (9) GAV LAR ESPAÑA 50% ASS
Slide 15: 3.5 EPRA BPR Metrics
FINANCIAL RESULTS PRESENTATION FY25 3.5 EPRA BPR METRICS 2019 2020 2021 2022 2023 2024 €904m €56m 6.89% 2.07% EPRA NTA EPRA Earnings adjusted EPRA NIY EPRA Vacancy rate €7.08 €0.5 7.29% 21.63% EPRA NTA EPRA EPRA EPRA per share Earnings adjusted “topped-up” NIY Cost ratio(i) per share i. Ratio calcul
Slide 16: Value Creation
4 VALUE CREATION 4.1 Operating metrics & Leasing Activity 4.2 Value Added Project - El Faro Hipercor 4.3 Value Added Project - Vallsur 1st Floor Repositioning 4.4 Value Added Project - Los Arcos Phase II 4.5 Strategic Expansion Into The Portuguese Market 4.6 Bonaire Acquisition 4.7 Customer centrici
Slide 17: 4.1 Operating Metrics & Leasing Activity
FINANCIAL RESULTS PRESENTATION FY25 4.1 OPERATING METRICS & LEASING ACTIVITY CONTINUING OUTSTANDING LEASING ACTIVITY WITH EXCEPTIONAL RESULTS ACROSS THE PORTFOLIO SPAIN PORTUGAL PORTFOLIO 198 leases 88 leases 286 leases 78 120 55 33 133 153 Renewals New contracts Renewals New contracts Renewals New
Slide 18: 4.1 Operating Metrics & Leasing Activity
FINANCIAL RESULTS PRESENTATION FY25 4.1 OPERATING METRICS & LEASING ACTIVITY LEADING SECTOR EXCELLENCE BY CONSISTENTLY DELIVERING EXCEPTIONAL METRICS SPAIN PORTUGAL PORTFOLIO 98.4% 98.5% 98.4% OCCUPANCY(i) 99.4% 94.0% 98.4% RENT COLLECTION i. Occupancy data including Bonaire and excluding the area u
Slide 19: 4.2 Value Added Project - El Faro Hipercor
FINANCIAL RESULTS PRESENTATION FY25 4.2 VALUE ADDED PROJECT - EL FARO HIPERCOR THE NEWLY LAUNCHED BRANDS HAVE DELIVERED OUTSTANDING RESULTS, ACHIEVING AN IMPRESSIVE INCREASE IN FOOTFALL OF OVER 13% SINCE THEIR OPENING Transformation of a former hypermarket into a premium retail space, consolidating
Slide 20: 4.3 Value Added Project - Vallsur 1st Floor Repositioning
FINANCIAL RESULTS PRESENTATION FY25 4.3 VALUE ADDED PROJECT - VALLSUR 1ST FLOOR REPOSITIONING PHASE 2 - ON GOING PHASE 1 - COMPLETED Phase I delivered an excellent performance, with Phase II shows a promising outlook after the successful footfall growing by an impressive 8.6% opening of the first ne
Slide 21: 4.4 Value Added Project - Los Arcos Phase II
FINANCIAL RESULTS PRESENTATION FY25 4.4 VALUE ADDED PROJECT – LOS ARCOS PHASE II A VALUE-CREATING PROJECT THAT REDEFINES THE VISITOR EXPERIENCE AND STRENGTHENS THE ASSET’S LONG-TERM PERFORMANCE €1.2m ADITIONAL NOI Through a complete exterior renovation, a new dining area, and the addition of a GENE
Slide 22: 4.5 Strategic Expansion Into The Portuguese Market
FINANCIAL RESULTS PRESENTATION FY25 4.5 STRATEGIC EXPANSION INTO THE PORTUGUESE MARKET TRANSFORMATIVE INVESTMENT IN PORTUGAL SUPPORTED BY €323 MILLION IN PRIME ASSETS 8 AVENIDA RIOSUL LOURES SHOPPING ALEGRO SINTRA FORUM MADEIRA 8 Avenida Sao Joao Municipality da Madeira Seixal Loures Sintra Funchal
Slide 23: 4.6 Bonaire Acquisition
FINANCIAL RESULTS PRESENTATION FY25 4.6 BONAIRE ACQUISITION RECYCLING CAPITAL ACQUIRING A TOP 10 SHOPPING CENTRE IN SPAIN ▪ Creative and entrepreneurial approach to dealmaking allowed us to recycle the profits from the Lar Espana exit into a best of breed shopping centre in Valencia ▪ Strong relatio
Slide 24: 4.7 Customer Centricity
FINANCIAL RESULTS PRESENTATION FY25 4.7 CUSTOMER CENTRICITY BUILDING A LOYAL FAN BASE IN OUR MALLS... CONSOLIDATING OUR POSITION AS THE BEST DIGITAL TOOL IN THE ENTIRE RETAIL SECTOR IN IBERIA EXCEPCIONAL RESULTS 1 YEAR AFTER ITS RESTYLING EXTENDING AVERAGE STAY To continue offering the best visitor
Slide 25: 4.7 Customer Centricity
FINANCIAL RESULTS PRESENTATION FY25 4.7 CUSTOMER CENTRICITY ...WHILE DESIGNING UNIQUE AND MEMORABLE MOMENTS 320 105 EVENTS & ANIMATIONS COLABORATIONS WITH TENANTS IN FY25 IN FY25 +11% FOOTFALL ON AVERAGE 28 25 25
Slide 26: 4.7 Customer Centricity
FINANCIAL RESULTS PRESENTATION FY25 4.7 CUSTOMER CENTRICITY BRINGING DIFFERENTIAL EVENTS AS “THE CHOCOLATE FACTORY”, INCREASING TRAFFIC BY +8.3% AND ACHIEVING A CUSTOMER SATISFACTION RATING OF 9 OUT OF 10 RESULTS OF THE SHOW +350K +7,100 +8.32% +4,700 9/10 VISITS TO CHILDRENS IN FOOTFALL VS NEW MEMB
Slide 27: 4.8 ESG
FINANCIAL RESULTS PRESENTATION FY25 4.8 ESG CASTELLANA PROPERTIES SUCCESSFULLY CONTINUES WITH ITS ESG ROAD MAP (1/2) AT CORPORATE LEVEL CASTELLANA ESG STRATEGY BEYOND ESG BOUNDARIES We have completed the implementation of our first ESG strategy, launched in 2021, which has enabled us to FY22 FY23 FY
Slide 28: 4.8 ESG
FINANCIAL RESULTS PRESENTATION FY25 4.8 ESG CASTELLANA PROPERTIES SUCCESSFULLY CONTINUES WITH ITS ESG ROAD MAP (2/2) OTHER ACHIEVEMENTS NEXT STEPS: “BEYOND ESG BOUNDARIES” BREEAM The successful implementation of all actions in our first strategy has driven us to 100% of portfolio is currently certif
Slide 29: Properties
ES PROPERTI
Slide 30: Appendix
5 APENDIX 5.1 Portfolio 5.2 Top 10 Assets Overview 5.3 Other ESG Initiatives 5.4 ESG Assessment Landscape 5.5 Sales Performance Per Tenant Category 29
Slide 31: 5.1 Portfolio
FINANCIAL RESULTS PRESENTATION FY25 5.1 PORTFOLIO SPAIN 423,330sqm ANDALUCÍA 6 Assets Parque ASTURIAS 1 Asset Principado CASTILLA Y LEÓN 1 Asset C. VALENCIANA 3 Assets EXTREMADURA 3 Assets MADRID 1 Asset Vallsur 8 Avenida MURCIA 1 Asset Parque Oeste PORTUGAL 137,849sqm Ciudad del La Serena Transport
Slide 32: 5.2 Top Assets Overview (by GAV) 1/2
FINANCIAL RESULTS PRESENTATION FY25 5.2 TOP 10 ASSETS OVERVIEW (by GAV) 1/2 BONAIRE EL FARO BAHÍA SUR LOS ARCOS GRANAITA PROVINCE VALENCIA BADAJOZ SAN FERNANDO SEVILLA GRANADA AREA 57 004 sqm 61,681 sqm 35,437 sqm 26,774 sqm 55,854 sqm SECTOR Shopping Centre Shopping Centre Shopping Centre Shopping
Slide 33: 5.2 Top Assets Overview (by GAV) 2/2
FINANCIAL RESULTS PRESENTATION FY25 5.2 TOP 10 ASSETS OVERVIEW (by GAV) 2/2 ALEGRO SINTRA (i) PUERTA EUROPA HABANERAS VALLSUR RIOSUL PROVINCE LISBOA ALGECIRAS TORREVIEJA VALLADOLID LISBOA AREA 42,274 sqm 29,894 sqm 29,943 sqm 35,075 sqm 23,534 sqm SECTOR Shopping Centre Shopping Centre Shopping Cent
Slide 34: 5.3 Other ESG Initiatives
FINANCIAL RESULTS PRESENTATION FY25 5.3 OTHER ESG INITIATIVES INVESTING AND ENCOURAGING ENTREPRENEURSHIP HAND IN HAND WITH OUR COMMUNITIES We are developing new initiatives to promote local talent and foster entrepreneurship by transforming our shopping centres into hubs for small businesses. We are
Slide 35: 5.4 ESG Assessment Landscape
FINANCIAL RESULTS PRESENTATION FY25 5.4 ESG ASSESMENT LANDSCAPE ESG 2024 ENVIRONMENTAL SOCIAL GOVERNANCE CORPORATE LEVEL ASSET LEVEL RD 390/2021 RD 56/2016 34
Slide 36: 5.5 Sales Performance per Tenant Category Spain
FINANCIAL RESULTS PRESENTATION FY25 5.5 SALES PERFORMANCE PER TENANT CATEGORY SPAIN ANOTHER YEAR MARKED BY OUTSTANDING SALES GROWTH ACROSS ALL CATEGORIES The Homeware category has experienced substantial growth during € MILLION this FY, outperforming the Fashion (i) (iii) (i) (iii) SALES FY25 SALES
Slide 37: 5.5 Sales Performance per Tenant Category Portugal
FINANCIAL RESULTS PRESENTATION FY25 5.5 SALES PERFORMANCE PER TENANT CATEGORY PORTUGAL STRONG SALES GROWTH ACROSS ENTIRE PORTUGUESE PORTFOLIO € MILLION (i) (ii) (i) (ii) 140 4.89% SALES FY25 SALES FY24 120 In our Portuguese portfolio, the 100 Fashion category continues to lead strongly 80 10.41% 60
Slide 38: Disclaimer
FINANCIAL RESULTS PRESENTATION FY25 DISCLAIMER PURPOSE OF THIS PRESENTATION AND LIABILITY ACCOUNTING STANDARDS APPLIED This document has been prepared by Castellana Properties SOCIMI, S.A. ("Castellana Properties") exclusively for use This document and the information presented herein was prepared b
Slide 39: Rubén Darío, 3 28010 Madrid castellanaproperties.es
Rubén Darío, 3 28010 Madrid (+34) 91 426 86 86 castellanaproperties.es
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