Slide 1: Q1 2018 Results
Q1 2018 Results 1 2018 CORPORATE PRESENTATION
Slide 2: Disclaimer
Disclaimer This document has been prepared by Aedas Homes, S.A. (the “Company”) and comprises slides for a presentation to the market of the results of the Company and its subsidiaries (the “Group”) during the three month-period ended on 31 March 2018. For the purposes of this disclaimer, “Presentat
Slide 3: Agenda
Agenda 1 Highlights 2 Business Update 3 Q1 2018 Financial Results 4 Guidance 2018 5 Closing Remarks Mourelle. Calviá 3 Q1 2018 RESULTS
Slide 4: Highlights Q1 2018
Highlights Q1 2018 ✓ 454 units launched ✓ 220 units pre-sold: €74.5 Mn in pre-sales 01 Solid performance of operations in Q1 2018 ✓ 265 units in signed contracts: €72.3 Mn in sales ✓ 14 units delivered: €1.5 Mn in delivered sales ✓ €31.2 Mn in acquisitions: 974 units ✓ 100% Fully Permitted (28% RTB
Slide 5: Agenda
Agenda 1 Highlights 2 Business Update 3 Q1 2018 Financial Results 4 Guidance 2018 5 Closing Remarks Mourelle. Calviá 5 Q1 2018 RESULTS
Slide 6: Q1 2018 Operating Achievements: On track to meet 2018 targets
Q1 2018 Operating Achievements 05 GUIDANCE 2018 On track to meet 2018 targets Q1 2018 2018 Progress over Accumulated as of # Units Achieved Target 2018 Target Q1 2018 Launched 454 2,050 22% 2,227 Sold 220 1,500 15% 1,135 Under Construction 644 2,390 27% 1,4561 Delivered 14 221 6% 30 (1) Includes 113
Slide 7: Launching Activity in Q1 2018
Launching Activity in Q1 2018 02 BUSINESS UPDATE 2,227 total launched units to date 454 launched units1 Q1 2018 launches are GDV €165 Mn in Q1 2018 launched units 20% of launched to date Progress of Project Launches1 Q1 2018 Regional Launches Breakdown 2017 Q1 2018 Rest 2018 Seville 14% Launches (un
Slide 8: Marketing Activity in Q1 2018
Marketing Activity in Q1 2018 02 BUSINESS UPDATE 220 units pre-sold 1,135 total units sold1 to date €72.3 Mn in signed contracts €74.5 Mn in pre-sales 51% of sales over total launched €1.5 Mn in delivered sales AEDAS Homes 2017 Sales Evolution Q1 2018 Regional Sales Breakdown Seville 16% Madrid Jan
Slide 9: Current projects under construction vs deliveries 2018, 2019 & 2020
Current projects under construction vs deliveries 2018, 2019 & 2020 3,272 1,986 >100% 1,4561 1.135 2018 & 2019 Target delivery of units with under 1,065 construction 221 On track to timely delivery Units Under Expected Deliveries Sales Construction according to BP Q1 2018 2018 2019 2020 # Units Unde
Slide 10: Projects under construction breakdown
Projects under construction breakdown Region Name Municipality Units Construction Progress Current Status Ulloa 1 Alcorcón 54 Altos del Pilar Madrid 100 Madrid Altos de los Fresnos Boadilla del Monte 35 Terraza de los Fresnos Boadilla del Monte 30 Escalonia Las Rozas 60 Altos de la Reserva Boadilla
Slide 11: Projects under construction breakdown
Projects under construction breakdown Region Name Municipality Units Construction Progress Current Status Nou Eixample Mar Vilanova I la Geltrú 88 Humboldt Vilanova I la Geltrú 93 Hospitalet de Catalonia Estronci 99 55 Llobregat Dampier Masnou 26 Tasman 1 Sant Just Desvern 30 Vanian Green Village Es
Slide 12: Projects under construction breakdown
Projects under construction breakdown Region Name Municipality Units Construction Progress Current Status Villas Arco Norte F1 Dos Hermanas 50 Villas Arco Norte F2 Dos Hermanas 62 Villas Arco Norte F3 Dos Hermanas 27 Seville Jardines H. Rosario I Sevilla 79 Jardines H. Rosario II Sevilla 63 Ramón y
Slide 13: On track to meet targets of the Business Plan
On track to meet targets of the Business Plan 02 BUSINESS UPDATE Pace of Construction on track to meet target deliveries on 2018-2020 2018-19-20 Deliveries Visibility 2018 2019 2020 1.986 1.065 1.064 633 319 221 238 183 154 Deliveries Construction Sold 3 Deliveries Construction Sold 3 Deliveries Con
Slide 14: Land Acquisitions & Divestments in Q1 2018
Land Acquisitions & Divestments in Q1 2018 02 BUSINESS UPDATE €31.2 Mn invested €11 Mn Est. Capex €7.5 Mn Land Divestments 969 LOIs 974 potential units €43k Total Investment/Unit 110 Units Submitted as of 100% Fully Permitted (includes capex) 34.6% Land Sales Margin 31st of March 2018 Land Acquisiti
Slide 15: Agenda
Agenda 1 Highlights 2 Business Update 3 Q1 2018 Financial Results 4 Guidance 2018 5 Closing Remarks Mourelle. Calviá 15 Q1 2018 RESULTS
Slide 16: Consolidated P&L Q1 2018
Consolidated P&L Q1 2018 03 FY 2017 FINANCIAL RESULTS Q1-2018 2017 AEDAS HOMES Q1 2018 2017 % Vs. Total % Vs. Total In € Mn1 Revenues Revenues Revenues –Development 1.5 1.2 17% 3% Cost of Goods Sold – Development -1.2 -1.1 -14% -3% GROSS MARGIN – DEVELOPMENT 0.3 0.1 3% 0% Programmed strategic land R
Slide 17: Agenda
Agenda 1 Highlights 2 Business Update 3 Q1 2018 Financial Results 4 Guidance 2018 5 Closing Remarks Mourelle. Calviá 17 Q1 2018 RESULTS
Slide 18: Business Plan 2017-2023: Confirming Guidance
Business Plan 2017-2023: Confirming Guidance 05 GUIDANCE 2018 c. 13,7801 Sustainable Housing Development Plan (IPO Business Plan) Units Land Bank as of 31.03.2018 # Units Target Launches Target Deliveries Launch Delivery Run Rate Run Rate +12,000 3.326 3.000 3.000 3.000 3.063 3.000 2017-2023 Target
Slide 19: Agenda
Agenda 1 Highlights 2 Business Update 3 Q1 2018 Financial Results 4 Guidance 2018 5 Closing Remarks Mourelle. Calviá 19 Q1 2018 RESULTS
Slide 20: Closing Remarks
Closing Remarks 06 CLOSING REMARKS Sticking to Business Plan Financial ramp-up results heading towards break-even Keep frontloading landbank with attractive opportunities Escalonia II. Las Rozas de Madrid 20 20 Q1 2018 RESULTS
Slide 21: Appendix 1: 2020 Expected Deliveries
Appendix 1: 2020 Expected Deliveries
Slide 22: 2020 Expected Deliveries
2020 Expected Deliveries #1 Project Municipality # Units Construction License Status Varied since last disclosure 1 Zagaleta 2 Benahavis 1 Granted Under Construction 2 Carreres 10 Valencia 59 Granted Under Construction Construction License status 3 Dampier Masnou 26 Granted Under Construction 4 Tasm
Slide 23: 2020 Expected Deliveries
2020 Expected Deliveries #1 Project Municipality # Units Construction License Status Varied since last disclosure 21 Piteas Pozuelo de Alarcón 48 Requested Marketing Started 22 Soto de Henares 1 Torrejón de Ardoz 10 To be requested Design Construction License status 23 Bagaria Cornella 51 To be requ
Slide 24: Appendix 2: AEDAS Homes Digital Presence
Appendix 2: AEDAS Homes Digital Presence
Slide 25: AEDAS Homes website evolution (Q1 2018)
AEDAS Homes website evolution (Q1 2018) The main online metrics continue growing consistently. The launch of our new website has contributed to increase the number of conversions (prospective clients registered) by 15% in Q1. Traffic evolution since January 2017 (sessions) Traffic by device, Q1-2018
Slide 26: Appendix 3: Market Overview
Appendix 3: Market Overview
Slide 27: Market Overview
Market Overview Positive Outlook for Spanish Economy (GDP) Spanish Consumer Confidence Index YoY Net Balance 10 3,2% 3,2% 0 3,1% 2,8% -10 -4,6 2,3% 2,4% 2,2% 2,0% 2,0% 1,8% -20 1,4% 1,2% -30 -40 0,0% -50 2013 2014 2015 2016 2017 2018E 2019E ene.-08 ene.-09 ene.-10 ene.-11 ene.-12 ene.-13 ene.-14 ene
Slide 28: Market Overview
Market Overview Cost of Mortgage & Mortgage Lending Over GDP Outstanding Loans to House Holds (%) % Cost of Mortgage 12-Month %Change % Mortgage Lending 7 40 100 35 6 30 5 80 58% 25 4 60 20 3 40 15 2 10 1 2.21 20 5 -2.32 0 0 0 feb.-00 feb.-02 feb.-04 feb.-06 feb.-08 feb.-10 feb.-12 feb.-14 feb.-16 f
Slide 29: Market Overview
10000 12000 14000 2000 4000 6000 8000 0 0 500 1000 1500 2000 2500 3000 €/Sqm 000, Sqm sep.-91 Q4 2001 sep.-93 Q4 2002 Q4 2003 sep.-95 Source: TINSA Q4 2004 sep.-97 Q4 2005 sep.-99 House Prices per Sqm Q4 2006 Source: INE, Bank of Spain Spain Q4 2007 sep.-01 Market Overview Q4 2008 sep.-03 Q4 2009 Q4
Slide 30: FY 2017 RESULTS
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