Helios Re Socimi, S.a. · BME:SCHLR
Helios Re Socimi — Lar España Real Estate SOCIMI — Investor Presentation (June 2021)
31 slides from Helios Re Socimi's investor presentation, June 2021
Slide 1: Corporate Presentation Lar España June 2021
C O R P O R AT E P R E S E N TAT I O N L A R E S PA Ñ A June 2021 www.larespana.com
Slide 2: Index
Index 1 2 3 4 5 Company Equity Story FY 2020 Results COVID-19 Reasons to Overview Update rely on Lar España
Slide 3: Company Overview
Company Overview 1
Slide 4: Lar España at a glance
Company Overview Our Mission Optimize the profitability of our shareholders through responsible and efficient management of our retail assets, Lar España at a glance which incorporates technology as a key element in a relationship that generates value for our retailers and customers. Our Vission Pro
Slide 5: Company overview: board, shareholders and management
Company Overview Board of directors Jose Luis Leticia Roger Isabel Alec Laurent Miguel del Valle Iglesias M. Aguilera Emmott Luccioni Perera Company overview Chairman Cooke PIMCO Grupo LAR Independent Directors Proprietary Directors Management Shareholder Overview PIMCO Other 20,0% investors 52,0% M
Slide 6: Company overview. A resilient portfolio.
Company Overview Company overview. A resilient portfolio. Lagoh | SC Gran Vía de Vigo | Megapark | SC RP 69,734 sqm SC 81,577 sqm Visits: 5.4 Mn 41,447 sqm Visits: 9.5 Mn Sales: €94.7 Mn Visits: 4.8 Mn Sales: €92.7 Mn Dominant. Sales: €81.3 Mn Dominant Dominant Ànec Blau | P. Marina | SC CC: El Rosa
Slide 7: Financials overview
Company Overview Financials overview €21 Mn €11.7 Mn €5.5 Mn €15.9 Mn GRI EBITDA EPRA Earnings NOI Outperforming the €10.46 €27.5 Mn 39.8 % European Market EPRA NTA ps 2020 Approved Dividend Net LTV 6.7% Over Market Cap
Slide 8: The retail leader in Spain
Company Overview The retail leader in spain MAIN SHOPPING CENTRES AND RETAIL PARKS MARKET PLAYERS RETAIL LEADERS IN SPAIN Avg. GLA Lar España Owned GLA (est.) 551.405 # Assets 14 ownership per asset 41,3781 #1 sqm GLA1 Asset stake owned Portfolio Size gives us benefits in: • Global Negotiations with
Slide 9: Equity Story
Equity Story 2
Slide 10: Our business model
Equity Story Our business model Dominant shopping centres in Ommnichannel strategy catchment areas We see e-commerce as an opportunity not a risk. It is Our business model is based on six pillars: a new hybrid form of commerce, where customers Our assets are located in relevant but low retail densit
Slide 11: The results of our strategy: a different company for a changing market
Equity Story The results of our strategy: a different company for a changing market ASSETS & MANAGEMENT CLIENTS & INNOVATION Highly protected Multiproduct retail offer Optimal and High exposure to resilient activities and resilient portfolio SSCC (65%), RRPP (35%) comfortable activity with >20% of G
Slide 12: Grupo Lar: strong management capacity
Equity Story Grupo Lar: strong management capacity 1 Family-owned Company +50Y of experience 4 Geographical Diversification 2 Strong Management Team 5 Product Diversification 6 Investment Management Agreement 3 International Experience with Tier 1 investors Strong Balance Sheet Grupo Lar now owns a
Slide 13: ESG integrated throughout the Company
Equity Story ESG integrated throughout E the Company Lar España is fully committed towards a sustainable management of its assets. Considering GHG emissions, water use, waste and pollution in the ESG Masterplan to help mitigate climate change and the effect of its activity on the environment. What d
Slide 14: Environmental milestones in 2020
Equity Story Environmental milestones in 2020 Lar España has completed the Lar España has registered the Scope 1 &2 100% of shopping centres are BREEAM development of its automated platform for of its carbon footprint, based on 2018 & certified, and Lar España has continued the analysis and dynamic
Slide 15: Social milestones in 2020
Equity Story Social milestones in 2020 Lagoh, As Termas and El Rosal shopping In response to the COVID-19 health crisis To increase the air quality in the assets, a centres have obtained AENOR’s universal and to ensure the optimal reopening of comparison of services in this regard has accessibility
Slide 16: Governance milestones in 2020
Equity Story Governance milestones in 2020 The creation of the ESG committee, a Lar España received the GRESB rating, the During the final quarter of the year, the E cross-functional senior management team main standard for evaluating ESG company’s regulations and policies were S responsible for sup
Slide 17: Q1 Business Update
lor eee Q1 21 Business Update
Slide 18: Q1 2021 results and assets highlights
Q1 21 Business Update Results Assets Operating Results € 21Mn Outperforming the Spanish market in Q1 2021 GRI € 15.9Mn 5.8% NOI EPRA “topped-up” NIY € 11.7Mn € 9.4Mn 95% EBITDA RECURRING PROFIT Occupancy2 31 March 2021 of the period € 1,417Mn c. 3 years GAV WAULT € 5.5Mn € 10.46 EPRA Earnings EPRA N
Slide 19: Corporate and ESG highlights
Q1 21 Business Update Corporate ESG Corporate € 27.5Mn 6.7% +17,000 jobs Results in Q1 2020 Dividend Dividend Yield Generated in 2020 2021 €0.31 p.s. approved dividend Over market cap Carbon Footprint Registration 2018/2019 3rd SBB Programme extended 5% share capital. New BREEAM 73% completed certif
Slide 20: Financial strength
Q1 21 Business Update Financial strength €563.6 Mn €756.6 Mn 39.8 % Net financial debt Gross financial debt Net LTV Refinancing process already started, with more than one year of margin 2.2 % 3 years 100 % Average cost of debt Average debt maturity Of covenants complied
Slide 21: Asset appraisal December 2020
Q1 21 Business Update Asset appraisal December 2020 €1,475.5 Mn 31st December 2020 Valuation Including Capex Invested • A resilient portfolio of dominant shopping 46,9% centres in attractive catchment areas. • Cherry-picked portfolio, assets carefully analysed and selected without buying portfolios.
Slide 22: Attractive dividend maintained
Q1 21 Business Update Attractive dividend maintained 2020 €27.5 Mn € 0.31 ps 2019 €55.0 Mn € 0.63 ps Committed to profitability 1 2018 €50.0 Mn € 0.54 ps • Prudent cash position control with a detailed liquidity analysis. 2017 €45.0 Mn € 0.49 ps • >90% cashflow generated in 2020 . 2016 €30.0 Mn € 0.
Slide 23: Covid-19 Update
Covid-19 Update 4
Slide 24: Footfall and sales numbers recovery
Covid-19 Update Footfall and Sales numbers recovery 140,00% GLA open (monthly average) Footfall recovery vs prev year Sales recovery vs prev year 120% 99% 120,00% 115% 100% 109% 100% 105%* 101% 98% 94% 98% 99% 100,00% 91% 104% 81% 80% 109% 94% 96% 92% 93% 93%* 80,00% 91% 72% 84% 64% 60% 74% 60,00% 6
Slide 25: Capability to assume the scenario
Covid-19 Update Capability to assume the scenario Tenant mix Multiproduct offer Responsible management 30.4% 19.2% Fashion Home Balanced portfolio that has been key to react Lar España assets guarantee all health-hygiene 13.4% 15.6% better and sooner than others. safety, social distancing and commun
Slide 26: 81.3% of rent collected over invoiced in Q1
Covid-19 Update Collections in Q1 21 (Cash Flow) Q1 2021 Additionally in Q1, more than 3% of the pending amounts + Collected over 81.3 % rents invoiced of 2020 have been collected, reaching more than 93% the in Q1 amount collected over the amount invoiced in 2020 81.3% of rent collected over invoice
Slide 27: Pandemic evolution and vaccine program
Covid-19 Update Pandemic evolution and vaccine program: will improve the situation In process Dec 2020 Feb 2021 Jun 2021 STAGE 0 STAGE 1 STAGE 2 STAGE 3 Development, First doses available Number of doses growing Widely available vaccine authorization, evaluation. Priority groups Other priority group
Slide 28: Reasons to rely on Lar España
Reasons rely on Lar España 5
Slide 29: 10 reasons to rely on Lar España
Reasons to invest in Lar España 1 6 Retail sector, an opportunity to Strong operating results over the enter at attractive yields. years, outperforming the Spanish 10 reasons to rely market. on Lar España 2 7 Strong value creation over the Quick capability to recover footfall years not reflected in
Slide 30: 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 31: www.larespana.com
—_— lar www.larespana.com
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