Abitare In Spa · MIL:ABT
Abitare In Spa — STAR Conference 2024
16 slides from Abitare In Spa's conference presentation, Mar 19, 2024
Slide 1: AbitareIn STAR Conference
AbitareIn STAR CONFERENCE MARCH 19, 2024
Slide 2: Our Mission
OUR MISSION To satisfy the HOUSING NEEDS of today’s families With an INDUSTRIAL AND SCALABLE business model 2
Slide 3: Residential Projects
3 For Families RESIDENTIAL The average age of our customers is 36 years old. They live the City and buy the house to live in. A type of customer less subject to market’s cycles PROJECTS Affordable price range We cover the 60% of the market By focusing on: Made in Milano ● Product A Tailor-Made produ
Slide 4: The Structure: We imported European best practices
HOLDING THE STRUCTURE: We • Listed on the STAR segment • Holds the know-how and brand, which imported European best provides to vehicles via service contract • Funds and guarantees vehicles when necessary practices • Revenues from the sale of services to vehicles and, as of now, to selected external
Slide 5: Financial charges - low impact on development activity
Financial charges - low impact on development activity The customer deposits and the concentration of production in the final stages of the site mean that the incidence of financial charges does not exceed 1% of revenues, €0.8* million in 52 months for an operation with €76 million in revenues Produ
Slide 6: High Tech Company
Proprietary design model High Tech Company Integration BIM + Salesforce + Accounting A.I. and virtual assistant available h24 Online configurator similar to automotive industry Virtual Reality E-commerce platform for online sales Digitalization of all docs and signatures Online payments 6
Slide 7: The business model
7 PREPARATORY AUTHORISATION PROCESS WORKS 6-24 months. Up to 4 years for large project Rehabilitation, approvals (plot above 15.000 sqm or abt demolition 20.000 sellable sqm) and excavation MARKETING – PRELIMINARY CONTRACTS (FIRST WE SELL, THAN WE BUILD) • Microcampaigns Collection of proposals and
Slide 8: Strategic business lines
8 Strategic business lines AbitareIn's core business is residential development for sale in Milan. The company is also defining new strategic business lines to create value by exploiting market opportunities. VERTICAL PARTENRSHIPS REHABILITATION OF EXISTING BUILDINGS New partnerships: Collaborations
Slide 9: A path of growth
9 A path of growth FY 2020 FY 2021 FY 2022 FY 2023 Total revenues 73,1 124,8 122,2 116,3 EBITDA 8,8 18,3 16,1 35,0 P&L EBT 11,2 16,7 11,2 34,2 Net Profit 9,2 12,2 7,9 24,2 Delivered apartments 41,4 50,4 20,6 235,8 Net invested capital 84,5 147,9 212,2 148,2 BS Net financial debt 26,1 75,1 116,2 38,5
Slide 10: Projects under development: our pipeline in Milan
Projects under development: our pipeline in Milan Delivered Merketed In service Under development Homizy 10
Slide 11: Our pipeline
Our pipeline Due to the size and heterogeneity of our pipeline, implemented in advance of the market, we can opportunistically decide which and how many projects to initiate, based on our strategy. The long-term development horizon, in which we move in the absence of competitors, allows us to contin
Slide 12: Italian real estate market
Italian real estate market % of households living in self-owned Households' gross debt-to-income House price index (2011=100) N° of transactions in Italy (thousands) homes ratio 80 110 190 800 70 160 600 60 80 130 50 400 40 50 100 200 30 70 20 20 0 2011 2013 2015 2017 2019 2021 2021 2021 2011 2013 2
Slide 13: Need for new housing
Need for new housing SHORTAGE OF NEW CONSTRUCTION... …BOOST PRODUCTION AND RENOVATION RATE Number of building permits (thousands) ENERGY EFFICIENCY DRIVES BOTH EUROPEAN LEGISLATION AND CONSUMER CHOICES1 1000 ENERGY PERFORMANCE BUILDING DIRECTIVE GOALS FOR RESIDENTIAL BUILDINGS, BASED ON HARMONIZED E
Slide 14: Demographic and economic environment
Demographic and economic environment The growth of the urban population is driving new housing demand Average size of family Average taxable Population N° of familiy units % population 20-34 YO units income in 2021 58.8 mln 26.2 mln 16% € 21,776 2.3 people -1.8% in 10 years +2.4% in 10 years 16% in
Slide 15: Medium/long-term trends: focus on new houses
Medium/long-term trends: focus on new houses Evolution of prices of new houses Average prices of new houses H1 23 Index of prices for new housing (base 2015=100) Milano €/mq Var YoY 160 Centre 11,600 8.4% 140 Semicentre 7,200 9.1% 120 Periphery 4,900 11.4% 100 Roma €/mq Var YoY 80 Q4 15 Q4 16 Q4 17
Slide 16: Sustainable value beyond urban regeneration
SUSTAINABLE value beyond urban regeneration AbitareIn's goal is to meet the housing demand of today's households by adopting an innovative and scalable industrial business model. As a developer engaged in urban regeneration projects, AbitareIn's business is intrinsically linked to sustainability. ES