Helios Re Socimi, S.a. · BME:SCHLR
Helios Re Socimi — Lar España Real Estate SOCIMI — Investor Day (October 2016)
14 slides from Helios Re Socimi's investor day presentation, October 2016
Slide 1: Business Plan 2017-2020 Investor Day
Business Plan 2017-2020 Investor Day www.larespana.com Miguel Pereda Director Lar España October 2016
Slide 2: Disclaimer
2 Disclaimer This document has been prepared by Lar España Real Estate SOCIMI, S.A. (the “Company”) for information purposes only and it is not a regulated information or information which has been subject to prior registration or control by the Spanish Securities Market Commission. This document ne
Slide 3: Investor Day Wrap up
3 Investor Day Wrap up Track Record Tools to Grow Brilliant Future After >2 years operating as Lar España is set to grow through: Lar España aspires to become SOCIMI, Lar España has built Portfolio size increase with its the reference value-added REIT an outstanding retail platform current firepow
Slide 4: Lar España Highlights
4 Lar España Highlights EPRA Topped-up NIY 6.1% 1 EPRA NIY GLA Retail 6.3% GAV € 1,191 m 707,184 sqm Offices1 4.4% 7.4% Logistics EPRA Occupancy Rate 93.0% 1 EPRA OCCUP. EPRA EPRA 93.3% Topped-up Occupancy Retail NIY Rate 87.0% 6.1% 93.0% Offices1 100.0% Logistics (1) EPRA Topped-up NIY & EPRA Occup
Slide 5: Lar España Highlights
5 Lar España Highlights GAV (Mn€) Annualized Gross Rental Income (Mn€) Logistics Residential 5% Logistics 6% 8% Offices Offices 8% 13% 1,1911 c.70 Retail 84% Retail 76% 1. Total GAV = Valuation of assets as of 30th June + acquisition price Gran Vía de Vigo
Slide 6: Summary Key Facts
6 Summary Key Facts Value Creation levers Finance though cash No Capital Increase flow and leverage needed 1. Value added initiatives aimed 1. Current Firepower c.€240Mn 1. The Company does not need at increasing asset through spare leverage to increase share capital to attractiveness and raising ca
Slide 7: Capacity to grow
7 Capacity to grow Expiration of 3Y 600 € Mn lock-up period under c. €518 Mn SOCIMI Regime 500 c. €242 Mn 400 c. €240 Mn Remaining Firepower 300 c. €300 Mn in non- retail assets between c. €135 Mn 200 c. €135 Mn Existing Development 2017-2018 Capex 100 €141 Mn €143 Mn Gran Vía de Vigo 0 Net Procceed
Slide 8: Business Plan 2017-2020
8 Business Plan 2017-2020
Slide 9: Main Assumptions
9 Main Assumptions Period 2017-2020 New Investments c. €240 Mn estimated to be invested in 2017 Building & Maintenance Capex c. €30 Mn Delivery Lagasca 99 residential for sale in 2018 New Base Fee 1.25% on NAV up to €600 Mn + 1% on NAV Over > € 600 Mn Capital increase No further capital increases co
Slide 10: Expected Rental Growth
10 Expected Rental Growth Estimated Annualized net rental income (€Mn) Future Investments Existing Developments c.13 c.110 Existing Income Generating Assets c.14 c.96 c.5 c.4 c.2 c.77 c.8 63 1 Annualized NOI Reversionary Reversionary Marcelo Reversionary Sagunto 4 Palmas Altas 4 Potential Firepower
Slide 11: Key targets & assumptions 2017-2020
11 Key targets & assumptions 2017-2020 Expected Expected Average Return Targets 2016 End Growth per annum Total Annual Return >12% >12% NAV c. €780 Mn c. 9-10% Expected Expected Average Business Plan Assumptions 2016 End Growth per annum Annualized GRI c. €70 Mn c. 14% Annualized NOI1 c. €63 Mn c. 1
Slide 12: Dividends
12 Dividends Predictable and sustainable dividend and distribution schedule Dividend policy Competitive in the International Real Estate market objectives Attractive vs Spanish equity market As a result of a solid cash flow generation 1 2016 More than 4%1 over NAV (> 5% on current Market Cap
Slide 13: Closing Remarks
13 Closing Remarks 1 RIGHT TIMING Cycle 2 RIGHT RESOURCES Operational Opportunity Financial Know-How 3 RIGHT PLATFORM Size RESULTS Synergies Operation Developments Revaluation Rotation potential Dividends
Slide 14: Investor Day
Investor Day Follow us: www.larespana.com Lar España Real Estate SOCIMI info@larespana.com Investor Day App
Lar España Real Estate SOCIMI — Investor Day (October 2016) on 6ix