Slide 1: Company Presentation 3Q'2024
Consultatio Company Presentation 3Q’ 2024
Slide 2: A leading high-end residential and commercial real estate developer
Consultatio A leading high-end residential and commercial real estate developer Developed more than 265k sqm of residential and office towers and more than 1,900 has. of selleable land plots. 02 › Consultatio › Company Presentation › 3Q › 2024
Slide 3: Attractive and diversified real estate portfolio
Attractive and diverisified real estate portfolio Flexible business model and ability to presell products underpin our financing structure We operate in three business segments Master-planned communities Residential buildings Office towers Development and revaluation of land for mixed use Developmen
Slide 4: Highlights
Highlights › Over 30 years as a developer with › Big scale, high visibility planned › Extensive and unique land bank a proven track-record of creating communities with significant in high growth areas. value and managing risk. revaluation potential. › Robust cash flow generation. › Attractive long-t
Slide 5: Consultatio initiating its third expansion phase
Consultatio initiating its third expansion phase Successfully delivered 6 residential & 3 office towers and 3 master-planned communities 1991-2006 2007-2016 2017-2024 Launch and early expansion Local IPO and aggressive expansion Expansion focused through opportunistic acquisitions through developmen
Slide 6: Experience managing multiple projects in different stages of development
Experience managing multiple projects in different stages of development Developed more than 265k sqm and more than 1,900 hectares of land Master-planned communities Office towers Landbank Nordelta Puertos Las Garzas Catalinas Plaza Catalinas Norte Catalinas Río Nordelta, AR Escobar, AR Rocha, UY &
Slide 7: The housing sector
The housing sector With a more stable macroeconomic context, attractive fundamentals are set for broad sector opportunity Average price per square meter of used apartments in the city of Buenos Aires Mortgage Lending/GDP (%) Average per square meter (in US$) Chile 19% 2.500 Perú 8% 2.000 1.580 Colom
Slide 8: Master-planned communities
Comfort and safety for family members combined with flexible development planning and a conservative financing model Master-planned communities
Slide 9: Master-planned communities
Master-planned communities Nordelta & Puertos, Buenos Aires, Argentina Atlantic Ocean Puertos Nordelta City of Buenos Aires 09 › Consultatio › Company Presentation › 3Q › 2024
Slide 10: Pioneers of the Master-planned communities in Argentina
Pioneers of the Master-planned communities in Argentina Since the launch of Nordelta in 1999, Consultatio became the undisputed leader in this segment Location Significant saleable area remains Nordelta Puertos Las Garzas Nordelta Escobar Rocha Northern BA Northern BA Uruguay Puertos Land acquisitio
Slide 11: A business model based on a simple premise: land revaluation
A business model based on a simple premise: land revaluation We start with raw, undervalued land, attract residents and generate demand for the last “precious” land plots Valuable asset base generates substantial cash flow 2 4 1 3 5 Nordelta and Puertos When project starts to New homeowners Nordelta
Slide 12: Our scale, flexibility and variety of services are key differentiators
Our scale, flexibility and variety of services are key differentiators Comfort and safety for family members combined with an adaptable product and a conservative financing model Key innovative concepts The Master-planned Scale Proximity / Access Self-funded Flexible community concept Projects model
Slide 13: Nordelta today
Nordelta today Tigre, Argentina 13 › Consultatio › Company Presentation › 3Q › 2024
Slide 14: Nordelta today
Nordelta today Over 25 years, we transformed a raw landscape into a community with 45,000 residents 2003 2021 2024 J O 1,800 29 15,000 45,000 US$ 670M US$ 1,500B hectares neighborhoods residential and residents investments by invested by commercial units Nordelta S.A. third parties 14 › Consultatio
Slide 15: A 1,800-hectare piece of land with more than 45,000 residents
A 1,800-hectare piece of land with more than 45,000 residents Based on demand, we can add attractive waterfront to maximize returns Low density 9% Developed 638 plots (estimated) Under development 91% 6,739 plots High density 26% 465,920 sqm (estimated) 74% 1,314,034 sqm 15 › Consultatio › Company P
Slide 16: A unique range of services
A unique range of services Scale allows Nordelta to include a wide variety of services unseen in peers’ projects Health Care Hotel The Bridge › Otamendi and Las Lomas › Windham 5-star hotel. › El Muelle, social events private healthcare and gatherings facing developments. the Central lake. › A new 2
Slide 17: Nordelta
Nordelta Total project As of today Remaining / % Contracted sales US$ 2,051M US$ 1,421M US$ 629M / 31% Saleable Area Developed 1,490 has. 1,268 has. 221 has. / 15% Saleable plots 7,377 6,739 638 / 9% Saleable area (FAR, sqm) 1,8M 1,3M 0,5M / 26% Executed investments¹ US$ 843M US$ 670M US$ 173M / 21%
Slide 18: Puertos
Puertos Escobar, Argentina 18 › Consultatio › Company Presentation › 3Q › 2024
Slide 19: Puertos
Puertos Following our experience with Nordelta, we launched Puertos in 2010 2010 2024 1,400 11 3,752 3 US$ 411M 1,480 hectares neighborhoods lots sold schools investments students by CTIO 19 › Consultatio › Company Presentation › 3Q › 2024
Slide 20: Launched in 2010, Puertos is our second master-planned community
Launched in 2010, Puertos is our second master-planned community With a total area of 1,400 hectares, Puertos is almost the size of Nordelta Low density 40% 2,551 plots (estimated) 60% 3,752 plots High density 65% 384,364 sqm (estimated) 35% 203,927 sqm Developed Under development 20 › Consultatio ›
Slide 21: A unique set of services
A unique set of services Like Nordelta, Puertos meets the minimum scale to include a city-like range of services The Beach Outdoor life Commercial Area › “La Playa”, social events › Eco Walking Community. › Shops, services and gatherings facing › Bicycles. › Supermarket the Central lake. › Gas stati
Slide 22: Puertos
Puertos Total project As of today Remaining / % Contracted sales US$ 1,301M US$ 526M US$ 775M / 60% Saleable Area Developed 970 has. 634 has. 336 has. / 35% Saleable plots 6,303 3,752 2,551 / 40% Saleable area (FAR, sqm) 0,59M 0,20M 0,38M / 65% Executed investments¹ US$ 632M US$ 411M US$ 222M / 35%
Slide 23: Las Garzas
Las Garzas Rocha, Uruguay 240 hectares land plot 473 sellable lots 2,500 sqm average lot size 2 km beach front 20 minutes to José Ignacio 45% owned by Consultatio 23 › Consultatio › Company Presentation › 3Q › 2024
Slide 24: Las Garzas
Las Garzas Exclusive gated residential resort near Punta del Este, Uruguay Location Project description › Located in a touristic area, 20 minutes away from José Ignacio in a unique location. Uruguay Las Garzas › 240 hectares masterplan designed to preserve the tranquility of the region and its natur
Slide 25: Exclusive amenities to enjoy nature
Exclusive amenities to enjoy nature Designed for families seeking relaxation and tranquility Beach Deck Sports Pool › Waterfront deck › Beach club › Adult pool with jacuzzi › Massage room Children swimming pool with sauna and playground › Gym › Tennis courts Restaurant Beach services Adventure › Liv
Slide 26: Residencial buildings
Residencial buildings
Slide 27: New residential in Argentina
New residential in Argentina In 2017, we purchased three lots for US$ 75 million to develop new residential projects in Buenos Aires Location Projects Oceana Oceana Huergo Puerto Madero Nordelta 475 BUENOS AIRES Delivery 2022 2025 2025 Central Business District Contracted sales / Total PSV 133M / 16
Slide 28: Oceana Puerto Madero
Oceana Puerto Madero Situated in the last plot available in Puerto Madero, Oceana becomes a unique place to experience the city. 27,763 saleable sqm 2 8 story building 192 units EDGE certification 2022 year of delivery 95% sold 28 › Consultatio › Company Presentation › 3Q › 2024
Slide 29: Huergo 475
Huergo 475 The project is part of the new green corridor that connects Puerto Madero with the city center 24,003 saleable sqm 38 story residential tower 507 units Huergo Central Puerto 475 Business District Madero Full views over city and river 2025 year of delivery (e) 83% sold Paseo del Bajo 29 ›
Slide 30: Oceana Nordelta
Oceana Nordelta A unique location inside our master-planned community project surrounded by water and near Nordelta’s city center 26,032 saleable sqm 7 story building 2025 year of delivery (e) Developed by a 3rd party CTIO will receive 7,278 sqm (39 units) 65% sold 30 › Consultatio › Company Present
Slide 31: Our experience in the US: Oceana was born
Our experience in the US: Oceana was born Two luxury residential towers in the US developed where scarcity was assured Location Projects Oceana Oceana Key Biscayne Bal Harbour Delivery 2014 2016 Oceana Bal Harbour Contracted sales / Total PSV US$ 629M US$ 1,243M / 1,266M Units sold / Total units 154
Slide 32: Oceana Key Biscayne
Oceana Key Biscayne Florida, United States 32 › Consultatio › Company Presentation › 3Q › 2024
Slide 33: Oceana Bal Harbour
Oceana Bal Harbour Florida, United States 33 › Consultatio › Company Presentation › 3Q › 2024
Slide 34: Office Towers
Office Towers
Slide 35: Highly desirable locations with top tier tenants
Highly desirable locations with top tier tenants Three well-known AAA office towers in the Catalinas business area Location Portfolio metrics Catalinas & Catalinas Alem Plaza Norte BUENOS AIRES Río de la Plata Delivery 1995 - 1999 2016 Total floors 25 - 31 33 Catalinas Plaza Typical floor size 750 s
Slide 36: Catalinas Norte Tower
Catalinas Norte Tower Buenos Aires, Argentina 36 › Consultatio › Company Presentation › 3Q › 2024
Slide 37: Catalinas Land Bank
Catalinas Land Bank
Slide 38: Catalinas Río
Catalinas Río In 2017 Consultatio acquired 3 adjacent lots in the Catalinas submarket for US$ 140 million 3 plots 3,200 sqm surface area 100,000 sqm potential saleable area First line over Rio de la Plata Mixed Use project 100% owned by CTIO 38 › Consultatio › Company Presentation › 3Q › 2024
Slide 39: Company Structure
Company Structure
Slide 40: Top-tier management supported by experienced directors
Top-tier management supported by experienced directors Senior Management team with a proven track-record and average experience of over 10 years in the company Senior Management Board of Directors Cristián Costantini. Chairman Cristián Costantini. Chairman › Chairman and Director of Office and Resid
Slide 41: Project structure
Project structure Master-planned Residential US Residential Office communities buildings buildings towers 49.9% 80%² 55.1% 100% Nordelta Oceana Puerto Madero Oceana Key Biscayne Catalinas Plaza 100% 50%² 42.47% Puertos Oceana Nordelta Oceana Bal Harbour 45%¹ 70%² Las Garzas Blancas Huergo 475 100% C
Slide 42: Corporate structure
Corporate structure A clean structure controlled by its founder 72% 25% 3% Eduardo Costantini ANSES¹ Free float 100% 49.9% 45%² 55.1%⁴ 55.1%⁴ 100% Consultatio Nordelta Las Garzas Consultatio Consultatio Consultatio Argentina S.A.U. S.A. S.A. Real Estate LLC Brokerage LLC International Corp. 80%³ 100
Slide 43: Consultatio's Dividends & Share Performance; Capex Plan
Consultatio’s Dividends & Share Performance Consultatio’s Capex Plan More than USD 189 million dividends More than USD 600 million distributed in the last 10 years in future investments Historical Dividend Distribution (in USD MEP million) Future Investments per project* (in USD MEP million) Investm
Slide 44: Disclaimer
Disclaimer Numbers have been calculated using blue chip swap as the exchange rate Neither the Company nor any related companies, directors, officers, for a given time. representatives or employees thereof shall in any event be liable as All figures in this presentation represent management informati
Slide 45: Creating value
Creating value In projects, in business, in heritage, but also on relationships and lifestyles. We create new paradigms. We are moved by the idea of adding. Adding knowledge, track-record and a vision of the future allows us to step-up from the role of consultants and become creators of new ways.
Slide 46: Consultatio Real Estate
Comutatio REAL ESTATE