Invl Baltic Real Estate Utib Eur · OMXVSE:INR1L
Invl Baltic Real Estate Utib Eur — INVL Baltic Real Estate — Investor Presentation (2018)
26 slides from Invl Baltic Real Estate Utib Eur's investor presentation, 2018
Slide 1: INVL Baltic Real Estate: The First Listed REIT in the Baltic States
INVL BALTIC REAL ESTATE THE FIRST LISTED REIT IN THE BALTIC STATES 2018
Slide 2: Investment Management Structure
INVESTMENT MANAGEMENT STRUCTURE Investors Investment Decisions Committee Invalda INVL and its shareholders Institutional investors 3 management company Wealth management clients representatives Appointment INVL Baltic Investments Real Estate Listed on the Nasdaq Baltic Asset Profit share stock excha
Slide 3: Professional Team
PROFESSIONAL TEAM Experience (years) Profile Responsibilities RE Vytautas RE Manage- General Finding Finan- Supervi- mana- Sales Bakšinskas investment ment team investments cing sion gement • Prior to joining INVL Baltic Real Estate oversaw more than 100 000 sq. m. of space as head of the leasing di
Slide 4: Quality Portfolio of Assets in Prime Locations
QUALITY PORTFOLIO OF ASSETS IN PRIME LOCATIONS IBC Business Centre Office building in the centre of Vilnius Gates Business Žygio Business Centre Dommo Vilnius, Vilniaus/ Palangos St.: Centre Business Park: GFA 22 700 sq. m. GFA 9 800 sq. m. GFA 8 100 sq. m. GFA 3 200 sq. m. GFA 12 800 sq. m. GLA 17
Slide 5: 80% of Managed Real Estate Objects Are in Central Vilnius
80% OF MANAGED REAL ESTATE OBJECTS BY ASSET VALUE ARE LOCATED IN THE CENTRAL PART OF VILNIUS 5
Slide 6: Quality Asset Portfolio
QUALITY ASSET PORTFOLIO High office occupancy Conservative portfolio valuation 96% Relative fair market Conditional market 94% value as per value according to 92% Oberhaus and Oberhaus and 90% Newsec valuations Newsec appraisal (unless specified (unless otherwise 88% otherwise), determined), average
Slide 7: Changes in Shareholder Structure for More Liquidity
CHANGES IN SHAREHOLDER STRUCTURE FOR MORE LIQUIDITY Expected shareholders structure Current shareholders structure In case of selling all offering shares 23.67% 45.71% Invalda INVL AB 5.05% Irena Ona Mišeikienė 5.05% Other shareholders LJB Investments UAB 32.27% 10.23% Alvydas Banys 19.00% Invalda I
Slide 8: Consistent Growth Story: The First Listed REIT in the Baltics
CONSISTENT GROWTH STORY: THE FIRST LISTED REIT IN THE BALTICS NAV change, EUR/share Invalda INVL has been Increase of Dommo Bank of Lithuania Sale of the office developing real estate projects stake from 50% to Acquisition of Vilnius approves the and warehousing Completion of Vilnius inside the grou
Slide 9: Income Forecast and Capital Structure
INCOME FORECAST AND CAPITAL STRUCTURE Thousand euro 2016 2017 2018 I Half Net operating income 2,002 2,522 1,691 Reduction of the Revaluation 147 2,326 849 management fee from 1.5 to Management and success fee (819) (645) (234) 1.0 per cent approved at the Other expenses/income (279) (153) (172) sha
Slide 10: Key Terms of the Offering
KEY TERMS OF THE OFFERING Target return Fees Net IRR1 ≥ 8% Distribution fee: 0% • 1% of the weighted average Payout2 5% Management fee4: market capitalization, paid quarterly. • 20% of profit above 8% IRR which Success fee: is the minimum required rate of return. Main terms Supervision Closed-end re
Slide 11: How to Acquire INVL Baltic Real Estate Shares
HOW TO ACQUIRE INVL BALTIC REAL ESTATE SHARES On the exchange At a customer service office of INVL Finasta 1. Open a securities account at your bank. A financial broker at INVL Finasta, based on the customer’s knowledge, experience and other information, will determine A bank employee, based on the
Slide 12: What to Do with the Shares After You Buy Them
WHAT TO DO WITH THE SHARES AFTER YOU BUY THEM Shares that you have Shares that you hold can As a shareholder of the purchased will be be sold on the Nasdaq company, you have the safeguarded in your right to receive dividends Vilnius exchange. To do so, securities account at the that INVL Baltic Real
Slide 13: Risks
RISKS For more about risks see on the Company‘s website. Investments in the shares of a closed-end investment company are associated with investment risk. The Closed-end value of the company’s shares can both rise and fall, and you may recover less than you invested or even investment company lose a
Slide 14: Brief Overview
BRIEF OVERVIEW Team Economic environment INVL Baltic Real Estate's management company is INVL Asset The real estate market in Vilnius is characterized by high occupancy Management. levels at commercial premises.** The management company has been working with real estate Rental prices of commercial p
Slide 15: Key Targets in 2018
KEY TARGETS IN 2018 Increased share liquidity Target return >8% 2018 and beyond Dividend yield 5% Modest leverage policy 15
Slide 16: All Relevant Information Is Available on the Website
ALL RELEVANT INFORMATION IS AVAILABLE ON THE WEBSITE invl.com/bre
Slide 17: Properties
INE INTELLIGENT INVESTING PROPERTIES
Slide 18: IBC
IBC 17 400 sq. m. EUR 23 million 95% 39% 1.4 Value of investment 2018 Q2 Income from TOP 5 GLA WALT 2017 property occupancy rate tenants Lease agreements ending, % 50% 40% 30% 20% 10% 0% 2016 2017 2018 Ending lease agreements, % Extended lease agreements, % WALT – weighted average lease term GLA – G
Slide 19: Potential of the Property
POTENTIAL OF THE PROPERTY Development potential of up to 40 000 sq. m. under Commercial real Vilnius central the detailed plan estate property business district 19
Slide 20: Vilnius Gates Business Centre
VILNIUS GATES BUSINESS CENTRE 7 100 sq. m. EUR 14 million 91% 84% 4.8 Value of investment 2018 Q2 Income from TOP 5 GLA WALT 2017 property occupancy rate tenants Lease agreements ending, % 12% 10% 8% 6% 4% 2% 0% 2016 2017 2018 Ending lease agreements, % Extended lease agreements, % WALT – weighted a
Slide 21: Palangos 4
PALANGOS 4 6 400 sq. m. 9 million euro 77% 77% 4.4 Value of investment 2018 Q2 Income from TOP 5 GLA WALT 2017 property occupancy rate tenants Lease agreements ending, % 70% 60% 50% 40% 30% 20% 10% 0% 2016 2017 2018 Ending lease agreements, % Extended lease agreements, % WALT – weighted average leas
Slide 22: Potential of the Property
POTENTIAL OF THE PROPERTY Legislation permits reconstruction, Commercial real during which the estate property Vilnius Old Town area of the property may be increased by 3 500 sq. m. 22
Slide 23: Žygis Business Centre
ŽYGIS BUSINESS CENTRE 2 600 sq. m. EUR 3 million 100% 80% 3.8 Value of investment 2018 Q2 Income from TOP 5 GLA WALT 2017 property occupancy rate tenants Lease agreements ending, % 20% 15% 10% 5% 0% 2016 2017 2018 -5% Ending lease agreements, % Extended lease agreements, % WALT – weighted average le
Slide 24: Dommo Business Park
DOMMO BUSINESS PARK 12 800 sq. m. EUR 8 million 98% 99% 1.3 Value of investment 2018 Q2 Income from TOP 5 GLA WALT 2017 property occupancy rate tenants Lease agreements ending, % 100% 80% 60% 40% 20% 0% 2016 2017 2018 Ending lease agreements, % Extended lease agreements, % WALT – weighted average le
Slide 25: Potential of the Property
POTENTIAL OF THE PROPERTY 9 plots (58 ha in total) with Current regulations allow the infrastructure for the development of up to 200 000 development of logistics or sq. m. industrial objects 25
Slide 26: INVL Baltic Real Estate
INVL BALTIC REAL ESTATE THE FIRST LISTED REIT IN THE BALTICS 2018
INVL Baltic Real Estate — Investor Presentation (2018) on 6ix