Helios Re Socimi, S.a. · BME:SCHLR
Helios Re Socimi — Lar España Real Estate SOCIMI — Q1 2024 Earnings Presentation
22 slides from Helios Re Socimi's earnings presentation, May 24, 2024
Slide 1: Q1 2024 Business Update
Q1 2024 BUSINESS UPDATE 24th May 2024
Slide 2: Presenting Team
Presenting Team Jon Armentia Hernán San Pedro Corporate Director and CFO Investor Relations and Corporate of Lar España Communication Director of Lar España 2
Slide 3: Index
Index 1 2 3 Operating, financial and Closing Highlights ESG results Remarks BBB 3 Q1 2024 BUSINESS UPDATE
Slide 4: Highlights
lor eo ©) Highlights
Slide 5: Our strategy continues to deliver strong results
Highlights Our strategy continues to deliver strong results 12 DOMINANT EXCELLENT ACTIVE OPTIMAL MIX OF ASSETS MANAGEMENT RETAILERS GLA 480,451 sqm GRUPO LAR 90% TIER 1 CONFORTABLE INCREASING SALES RENTS GROWING EFFORT RATE1 €228.9 Mn SALES2 GRI +4.8% LfL3 10.2% +7.5%3 vs Q1 23 vs Q1 23 STRONG RESUL
Slide 6: Operating, financial and ESG results
2 Operating, financial and ESG results
Slide 7: Leasing activity Q1 2024
Operating, financial and ESG results Leasing activity Q1 2024 EFFORT RATE GLA ROTATED NEGOTIATED RENT UPLIFT RENT 10.2%1 5,490 sqm €1.7 Mn +0.8%2 31 6 19 6 Operations Relettings Renewals New lettings 1 Including expenses 2 Above CPI/indexation adjustments 7 Q1 2024 BUSINESS UPDATE
Slide 8: With the different sales segments in good health
Operating, financial and ESG results With the different sales segments in good health FOOD FASHION DINING HOME HEALTH & SPORTS AND BEAUTY LEISURE €38.0 Mn €81.4 Mn €25.2 Mn €29.5 Mn €19.0 Mn €25.0 Mn +6.7% vs Q1 2023 +9.1% vs Q1 2023 +10.6% vs Q1 2023 +4.7% vs Q1 2023 +12.8% vs Q1 2023 +5.0% vs Q1 2
Slide 9: Demonstrating the resilience of our business
Operating, financial and ESG results Demonstrating the resilience of our business Evolution of declared sales vs same period of the previous year Average growth by Sales Q1 20241: €228.9 Mn quarter 40% 38.0% +16.4% 29.2% 30% 24.3% 24.1% 21.3% 20% 16.0% 13.9% 7.2% 7.9% 7.5% 8.7% 7.9% 7.5% 10% 0% Q1 2
Slide 10: Operating and financial results Q1 2024
Operating, financial and ESG results Operating and financial results Q1 2024 Results GRI NOI EBITDA RECURRING ORDINARY NET PROFIT EPRA EARNINGS €23.7 Mn €19.9 Mn €16.6 Mn €17.4 Mn €15.3 Mn +4.8% LfL1 vs Q1 2023 +5.2% LfL1 vs Q1 2023 = vs Q1 2023 +20.8% vs Q1 2023 +19.4% vs Q1 2023 Assets GAV EPRA “T
Slide 11: And we have shown resiliency over the years
Operating, financial and ESG results And we have shown resiliency over the years Evolution of Net Profit quarter by quarter1 Net profit Q1 2024: €15.3 Mn Million Euros 40 32 30 20 13 13 15 15 15 15 10 7 8 7 5 7 7 0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 20
Slide 12: Debt profile & cash position
Operating, financial and ESG results Debt profile & cash position BBB Outlook Stable 1 NET FINANCIAL DEBT 2 NET LTV 3 AVERAGE COST OF DEBT €387.1 Mn 29.5%1 1.78% 4 5 6 AVERAGE DEBT MATIRUTY FIXED RATE AND GREEN DEBT UNENCUMBERED 3.5 years 100% 100% 1 Pro-forma Net LTV after 2023 dividend payment wou
Slide 13: We have paid the highest ordinary dividend in our history + extraordinary dividend
Operating, financial and ESG results We have paid the highest ordinary dividend in our history + extraordinary dividend 12.9% Div Yield1 € 0.80 ps € 0.79 ps €75.0 Mn € 0.63 ps €66.2 Mn € 0.49 ps € 0.60 ps €55.0 Mn € 0.31 ps € 0.36 ps €50.0Mn € 0.33 ps €45.0 Mn € 0.20 ps €30.0 Mn €30.0Mn €27.5 Mn € 0
Slide 14: Even the share's appreciation, the dividend yield remains very strong…
Operating, financial and ESG results Even the share's appreciation, the dividend yield remains very strong… Revaluation of Lar España’s shares 2023 & Q1 2024 Dividend yield over market cap 14.2% 12.9% 4.0% 4.1% FY 2023 Q1 2024 +45.6% +17.4% 2022 2023 Lar España Spanish Stock Market 1 Spanish stock m
Slide 15: …even above our peers
Operating, financial and ESG results …even above our peers Spanish Real Estate listed companies European retail peers Dividend yield 2023 share revaluation Dividend yield Share revaluation Lar España 12.9% 45.6% Lar España 12.9% 45.6% Peer 1 3.8% 9.0% Peer 1 7.7% -1.8% Peer 2 2.0% 14.6% Peer 2 8.7%
Slide 16: P&L Q1 2024: strong set of results
Operating, financial and ESG results P&L Q1 2024: strong set of results Q1 2024 Q1 2023 Q1 2024 Q1 2023 Q1 2024 Q1 2023 % Growth Consolidated Income Statement (€ Millions) Total Non Recurring Recurring Revenues 22.9 24.2 (1.8)1 0.32 24.6 23.9 Other Income 0.8 0.9 - - 0.8 0.8 Total Income 23.7 25.1 (
Slide 17: We continue applying the best environmental practices
Operating, financial and ESG results We continue applying the best environmental practices Decarbonisation strategy aligned with SBTi • Near-term targets: Climate Neutral by 2030 with 60% reduction in Scope 1 + 2 (market-based) vs 2019. • Net-Zero by 2050 (Scope 1+2+3) • Commitment to make progress
Slide 18: And the best-in-class practices
Operating, financial and ESG results And the best-in-class practices Best corporate International Accessibility Sustainable Mobility governance practices recognitions 8 certified assets in Universal Green clauses in c. 30%2 of the Company’s total contracts A Accesibility ESG Rating +200 vehicle char
Slide 19: Closing Remarks
__ lor eo ©) Closing Remarks
Slide 20: In summary: another quarter of strong results
Operating, financial and ESG information In summary: another quarter of strong results GROWING SOLID OPERATING INCREASE IN RENTS RESULTS RECURRING NET PROFIT GRI +4.8% LfL1 vs Q1 2023 NOI +5.2% LfL1 vs Q1 2023 Recurring net profit +20.8% vs Q1 2023 MODERATE DEBT IMPROVEMENT IN DISTRIBUTION OF ONE LE
Slide 21: 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 22: www.larespana.com
The REIT for the 1 @ new retail w@rld www.larespana.com
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