Arima Real Estate Socimi Sa · BME:ARM
Arima Real Estate Socimi Sa — FY2021 Earnings Presentation
33 slides from Arima Real Estate Socimi Sa's earnings presentation, 2022
Slide 1: Full Year 2021 Results
A2IMA FULL YEAR 2021 RESULTS
Slide 2: 2021 at a glance
EXECUTIVE SUMMARY ÁRIMA FULL YEAR 2021 RESULTS 2 2021 at a glance I am pleased to report outstanding results ASSETS REDEVELOPMENTS FINANCIALS SUSTAINABILITY driven by strong operational performance. The leasing of our first refurbishment scheme to be delivered, ahead of completion and above rental e
Slide 3: 2021 at a glance
EXECUTIVE SUMMARY ÁRIMA FULL YEAR 2021 RESULTS 3 2021 at a glance UNPARALLELED ABILITY TO IDENTIFY OPPORTUNITIES WITH GREAT PORTFOLIO WITH SIGNIFICANT UPSIDE POTENTIAL POTENTIAL AND CREATE UNIQUE ASSETS ɅUnique portfolio built through disciplined and accretive acquisitions ɅAcquisition of 2 assets a
Slide 4: Recent Developments
RECENT DEVELOPMENTS NA
Slide 5: Pradillo: highly complex multi-owner off-market acquisition (I)
RECENT DEVELOPMENTS ÁRIMA FULL YEAR 2021 RESULTS 5 Pradillo: highly complex multi-owner off-market acquisition (I) UNPARALLELED ABILITY TO IDENTIFY OPPORTUNITIES WITH GREAT POTENTIAL WELL H E A LT H - S A F E T Y LOCATION ACQ. DATE STRATEGY GLA PARKING UNITS R AT E D Inner Madrid Oct'20-Sep'21 Full
Slide 6: Pradillo: highly complex multi-owner off-market acquisition (II)
RECENT DEVELOPMENTS ÁRIMA FULL YEAR 2021 RESULTS 6 Pradillo: highly complex multi-owner off-market acquisition (II) THREE ADJACENT OFFICE BUILDINGS ACQUIRED IN MADRID CITY CENTRE FOR A TOTAL INVESTMENT OF EUR 47m1 ACQUISITION RATIONALE LOCAL MAP Ʌ Following the acquisition of P54 in October 2020 fro
Slide 7: Pradillo: highly complex multi-owner off-market acquisition (III)
RECENT DEVELOPMENTS ÁRIMA FULL YEAR 2021 RESULTS 7 Pradillo: highly complex multi-owner off-market acquisition (III) SITE ASSEMBLY IN MADRID CITY CENTRE TO CREATE A UNIQUE INSTITUTIONAL LOT CURRENT STATUS NEW SCHEME Ʌ 3 buildings and 6 warehouses Ʌ Two inter-connected buildings Ʌ GLA 10,225 sqm Ʌ GL
Slide 8: Habana: first redevelopment scheme to be delivered, leased ahead of works completion
RECENT DEVELOPMENTS ÁRIMA FULL YEAR 2021 RESULTS 8 Habana: first redevelopment scheme to be delivered, leased ahead of works completion1 UNPARALLELED ABILITY TO CREATE UNIQUE ASSETS WELL H E A LT H - S A F E T Y R AT E D LEASED HABANA 100% LEASED Ʌ New tenant selects the building as the firm’s new S
Slide 9: Guadalix: smart capex to create a sustainable footprint
RECENT DEVELOPMENTS ÁRIMA FULL YEAR 2021 RESULTS 9 Guadalix: smart capex to create a sustainable footprint INTRODUCING RENEWABLE ENERGY USE AND OPTIMISING THE ASSET ENERGY EFFICIENCY Aspects considered to reduce energy use and create a source of more sustainable energy: RENEWABLE ENERGY Ʌ 100% of th
Slide 10: Creating sustainable buildings responsibly
RECENT DEVELOPMENTS ÁRIMA FULL YEAR 2021 RESULTS 10 Creating sustainable buildings responsibly AIMING TO BE THE LEADING PROVIDER OF ENVIRONMENTALLY FRIENDLY OFFICE SPACE IN MADRID SUSTAINABLE CONSTRUCTION WELLBEING MEASURES Ʌ Lower greenhouse gas emissions through refurbishment Ʌ Air filtration, pur
Slide 11: Financial Results
FINANCIAL RESULTS NA
Slide 12: Financial Results
FINANCIAL RESULTS ÁRIMA FULL YEAR 2021 RESULTS 12 Financial Results ɖ KEY INCOME STATEMENT METRICS SOLID FINANCIAL PERFORMANCE Ʌ GAV of EUR 343.6 million as of 31 December 20211, +25% YoY EURm unless specified 31/12/2020 31/12/2021 Ʌ Valuation growth of +20% 12m-LfL2 and +28% on total investment, Gr
Slide 13: Portfolio Valuation
PORTFOLIO VALUATION NA ~ VA. Le tal $ L Y
Slide 14: GAV growth
PORTFOLIO VALUATION ÁRIMA FULL YEAR 2021 RESULTS 14 GAV growth STEADY GROWTH IN UNDERLYING ASSET VALUES DRIVEN BY CAPEX AND ACCRETIVE ACQUISITIONS… €55m €10m €3m €344m +25% €276m EUR344m GAV Dec’211 +20% GAV 12-month Acquisitions Revaluation on GAV 12-month LfL2 Dec’20¹ LfL growth acquisition price
Slide 15: NAV growth
PORTFOLIO VALUATION ÁRIMA FULL YEAR 2021 RESULTS 15 NAV growth …CRYSTALLIZING IN CONTINUED SHAREHOLDER VALUE CREATION NTA PER SHARE1 11.9 +23% 9.6 € p.s. NTA p.s. at IPO NTA p.s. as of Dec’21 NAV BRIDGE DELIVERING RETURNS DESPITE THE CHALLENGING MARKET CONDITIONS 326 303 Ʌ +23% NAV p.s. since IPO dr
Slide 16: The Future
THE FUTURE AN
Slide 17: Exciting redevelopment schemes in progress
THE FUTURE ÁRIMA FULL YEAR 2021 RESULTS 17 Exciting redeveloment schemes in progress PORTFOLIO REACHING INFLECTON POINT WITH FIRST SCHEMES NEAR COMPLETION ɖ Redevelopment & Asset Management Plan 2019 2020 2021 2022 2023 2024 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 Habana T T T T T T T Portfolio reaching
Slide 18: Major uplifts and firepower to spare
THE FUTURE ÁRIMA FULL YEAR 2021 RESULTS 18 Major uplifts and firepower to spare EXISTING PORTFOLIO WITH SIGNIFICANT UPSIDE POTENTIAL THROUGH ACTIVE ASSET MANAGEMENT… Yield: 6.0%-6.5%² +204% €20.7m HIGH α PLAY >50% of portfolio under refurbishment Yield: 3.0%¹ €6.8 m Exp. YoC €m 6.0%-6.5% vs 3.25% Ma
Slide 19: Portfolio Overview
PORTFOLIO OVERVIEW AN
Slide 20: Portfolio at a glance
PORTFOLIO OVERVIEW ÁRIMA FULL YEAR 2021 RESULTS 20 Portfolio at a glance OFFICES ALCOBENDAS 1 Habana 9 CBD FUENCARRAL 2 María de Molina MADRID 3 Pradillo LA MORALEJA Inner Madrid 4 Ramírez de Arellano 5 Botanic A2/M30 6 Cristalia Campo de las Naciones A-1 7 Cadenza 8 MADRID-BARAJAS AIRPORT 8 Dune La
Slide 21: Portfolio breakdown
PORTFOLIO OVERVIEW ÁRIMA FULL YEAR 2021 RESULTS 21 Portfolio breakdown UNIQUE PROPOSITION WITH CLEAR FOCUS ON MADRID OFFICES BUILT VIA DISCLIPLINED AND ACCRETIVE ACQUISITIONS ɖ GAV by sector and location ɖ Portfolio breakdown 9% EUR m. Assets GLA Parking Acq Price Acq Cost Acq Price GAV4 Occupancy A
Slide 22: Portfolio in detail (I)
PORTFOLIO OVERVIEW ÁRIMA FULL YEAR 2021 RESULTS 22 Portfolio in detail (I) BEFORE AFTER BEFORE AFTER OFFICES OFFICES OFFICES Name: Habana Name: Botanic Name: Cristalia Acq. Date: Dec’18 Acq. Date: Jan’19 Acq. Date: Jan’19 Location: Madrid CBD Location: Madrid A2/M30 Location: Madrid CDN GLA: 4,355 s
Slide 23: Portfolio in detail (II)
PORTFOLIO OVERVIEW ÁRIMA FULL YEAR 2021 RESULTS 23 Portfolio in detail (II) BL INA E BUIL TA T S FOR A SU EN BREEAM VI RONM ES DE EN O C T OFFICES LOGISTICS OFFICES Name: M. Molina Name: Guadalix Name: Ramírez de Arellano Acq. Date: Dec’18-Feb’19 Acq. Date: Apr’19 Acq. Date: Jun’19 Location: Madrid
Slide 24: Portfolio in detail (III)
PORTFOLIO OVERVIEW ÁRIMA FULL YEAR 2021 RESULTS 24 Portfolio in detail (III) WELL P L AT I N U M BEFORE AFTER BEFORE AFTER BEFORE AFTER OFFICES OFFICES OFFICES Name: Cadenza Name: Dune Name: Pradillo Acq. Date: Dec’19 Acq. Date: Jun’201 Acq. Date: Oct’20-Sep'21 Location: Madrid CDN Location: Las Tab
Slide 25: Sustainability & Corporate Responsibility
SUSTAINABILITY & CORPORATE RESPONSIBILITY
Slide 26: Clear focus on sustainability and corporate social responsibility
SUSTAINABILITY & CORPORATE RESPONSIBILITY ÁRIMA FULL YEAR 2021 RESULTS 26 Clear focus on sustainability and corporate social responsibility CREATING LASTING POSITIVE SOCIAL IMPACT ɖ Focus on the United Nations 2030 Agenda Arima’s approach to proactively address environmental, social and governance f
Slide 27: Clear focus on sustainability: GRESB assessment
SUSTAINABILITY & CORPORATE RESPONSIBILITY ÁRIMA FULL YEAR 2021 RESULTS 27 Clear focus on sustainability and corporate social responsibility ESG CERTIFICATIONS: 4* AND RATING WELL ABOVE PEERS IN THE FIRST GRESB BENCHMARK REPORT1 ɖ 2021 GRESB Assessment 100 % MANAGEMENT AREAS 50 0 50 100 % PERFORMANCE
Slide 28: Clear focus on sustainability: EPRA sBPR assessment
SUSTAINABILITY & CORPORATE RESPONSIBILITY ÁRIMA FULL YEAR 2021 RESULTS 28 Clear focus on sustainability and corporate social responsibility ESG CERTIFICATIONS: GOLD LEVEL AND MOST IMPROVED AWARDS ON THE FIRST YEAR REPORTING THE EPRA sBPR1 ɖ 2021 EPRA Assessment ɅFirst year reporting the EPRA sBPR M
Slide 29: Clear focus on sustainability: LEED/BREEAM certification roadmap
SUSTAINABILITY & CORPORATE RESPONSIBILITY ÁRIMA FULL YEAR 2021 RESULTS 29 Clear focus on sustainability and corporate social responsibility ESG CERTIFICATIONS: 80% OF ENTIRE PORTFOLIO TO BE LEED/BREEAM BY 2024 ɖ Roadmap to portfolio LEED, BREEAM & WELL certification Asset SustainabilityCertification
Slide 30: Appendix
APPENDIX wan/ ff |_| | os ae ——amo
Slide 31: FY 2021 Financials
APPENDIX ÁRIMA FULL YEAR 2021 RESULTS 31 FY 2021 Financials ɖ Consolidated Income Statement (IFRS) ɖ Consolidated Balance Sheet IFRS IFRS EURth unless otherwise specified 31/12/2020 31/12/2021 EURth unless otherwise specified 31/12/2020 31/12/2021 Gross Rental Income (GRI) 5,116 5,192 Assets 414,573
Slide 32: Disclaimer
ÁRIMA FULL YEAR 2021 RESULTS 32 Disclaimer This document has been prepared by Árima Real Estate SOCIMI, pendent verification. This document may include forward-looking not providing any advisory, purchase or sale recommendation, or any S.A. (the "Company'') for information purposes only and it is no
Slide 33: Árima Real Estate SOCIMI contact details
ÁRIMA FULL YEAR 2021 RESULTS 33 Árima Real Estate SOCIMI S.A. Edificio Torre Serrano - Serrano, 47 28001 Madrid www.arimainmo.com
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