Retail Estates SA · EURONEXT:RET
Retail Estates SA — Q3 2022/23 Earnings Presentation
16 slides from Retail Estates SA's earnings presentation, Feb 20, 2023
Slide 1: Trading update per 31/12/2022 (Q3) - Analyst meeting
Trading update per 31/12/2022 (Q3) Analyst meeting 1
Slide 2: Health index December 2022
Health index December 2022 • Rent – rent review – indexation BE/NL • Debt collection • Vacancy • Valuation 31 December 2022 ERV Yield • Consumer behavior 2
Slide 3: Woonmall Alexandrium
Woonmall Alexandrium 3
Slide 4: Woonmall Alexandrium
Woonmall Alexandrium 4
Slide 5: Woonmall Alexandrium – already acquired
Woonmall Alexandrium – already acquired Ground floor First floor Second floor 5
Slide 6: Investments Alexandrium
Investments Alexandrium 13 shops Investment of 22,35 mio EUR Rent = 2,25 mio EUR Voting % = 31,94% Tenants: De Bed-weter – Hoogenboezem – VOF Dreambedden – T&O Living – Goossens – Mess interieur – De Spits – Swiss Sense – Grando & Piet Klerkx – Siematic – Bruynzeel - Breedveld 6
Slide 7: Key figures
Key figures 7
Slide 8: Key Figures per 31/12/2022
Key Figures per 31/12/2023 31/12/2022 31/12/2021 31/12/2022 31/12/2021 Net rental income 92.124 86.323 6,72% Epra Result 65.879 56.215 17,19% Epra Result per share 4,76 EUR 4,40 EUR Recurring Epra Result per share 4,49 EUR 4,40 EUR 2,04% 31/12/2022 31/03/2022 Fair Value of the porfolio 1.855.875 1.7
Slide 9: Impact FBI - regime
CIT to receive (gross) 9.637 Witholding taks on dividend (5%) -1.917 Net impact 7.640 Received before 31/12 3.803 Impact FBI - Received after 31/12 3.397 regime Non-recurring impact per 31/12/22 on EPS 0,27 EUR per share Recurring impact per share on a 0,19 EUR per share yearly basis going forward 9
Slide 10: Financial debt
Financial debt 10
Slide 11: Financial debt
31.12.2022 Average intrest rate 2,03% Financial Average duration Hedging ratio 3,66 jaar 96,67% debt Credit lines renewed until 31/12/2022 141 mio EUR Debt ratio 46,47% 11
Slide 12: Maturity credit lines
Maturity credit lines 300.000.000 250.000.000 200.000.000 150.000.000 100.000.000 50.000.000 0 FY2022 FY2023 FY2024 FY2025 FY2026 FY2027 FY2028 KBC ING Belfius BNP Paribas Fortis Overige Banken Bond Commercial Paper 12
Slide 13: Financial debt: Evolution hedging rate & interest rate
Financial debt Evolution Hedging rate & interest rate HEDGING % 5,00% INTREST% 120,00% 100,00% 4,00% 80,00% 60,00% 3,00% 40,00% 20,00% 2,00% 0,00% 1,00% 13
Slide 14: Financial debt: Stresstest interest rates
Financiële debt Stresstest – intrestrates 7,00% 6,00% 5,00% 4,00% 3,00% 2,00% 1,00% eruibor 16/02/23 -1% -0,50% +0,5% +1% +1,5% 2% 14
Slide 15: Guidance Dividend
Guidance Dividend • Yearly dividend : increase from 4,7 EUR to 4,9 EUR per share 15
Slide 16: Disclaimer and company details
This Presentation has been prepared by the management of Retail Estates NV, a Belgian public real estate investment company (“Retail Estates” or the “Company”), solely for your information and background and is subject to updating, completion, revision and amendment and such information may change m