Zambal Spain Socimi Sa · BME:YZBL

Zambal Spain Socimi Sa — Shareholder Meeting (June 2022)

21 slides from Zambal Spain Socimi Sa's shareholder meeting presentation, Jun 28, 2022

  1. Slide 1: Otra Información Relevante

    OTRA INFORMACIÓN RELEVANTE ZAMBAL SPAIN SOCIMI, S.A. 28 de junio 2022 En virtud de lo previsto en el artículo 17 del Reglamento (UE) nº 596/2014 sobre abuso de mercado y en el artículo 227 del texto refundido de la Ley del Mercado de Valores, aprobado por el Real Decreto Legislativo 4/2015, de 23 de

  2. Slide 2: General Shareholders Meeting 28th June 2022

    General Shareholders Meeting 28th June 2022 1

  3. Slide 3: 1. Business Highlights

    1. Business Highlights More than €1,000M invested since 2013 in Spain Current portfolio of 13 buildings with an acquisition value of €864M 270,468 sqm GLA ~89% Portfolio Occupancy Non recourse to bank financing across the entire portfolio Current External RICs Valuation of Portfolio (31/12/2021): €

  4. Slide 4: 1. Business Highlights

    1. Business Highlights ~95% of the portfolio’s GLA being office space Medium and long-term leases Multidisciplinary management team with a wide experience in the sector At least 80% profit-distribution as dividends as per SOCIMIs Legislation Net Operating Income (NOI) in 2021: €50.5M * * Net Operati

  5. Slide 5: 1. Who are we?

    1. Who are we? • Zambal Spain Socimi S.A. (hereinafter Zambal) is an investment vehicle created in 2013. Zambal’s purpose is to invest and subsequently manage prime real estate assets in well-consolidated markets. • Zambal is focused on a long-term investment policy, principally based on assets that

  6. Slide 6: 2. 2021 Summary

    2. 2021 Summary 1) Zambal is oriented towards prime real estate recurring rents-generating assets, preferably commercial (tertiary use), mainly located in Madrid : I. During 2021, the impact of the covid pandemic has been limited to Manoteras Leisure Centre, where some agreements have been closed wi

  7. Slide 7: 3.1. Like for Like Portfolio Evolution

    3.1. Like for Like Portfolio Evolution Assets Acquired 2013 180 + 49,10% Millions 170 160 150 140 130 120 110 100 Acquisition March January September March January January January January January January Value 2014 2015 2015 2016 2017 2018 2019 2020 2021 2022 Assets Acquired 2014 80 + 10,88% Million

  8. Slide 8: 3.1. Like for Like Portfolio Evolution

    3.1. Like for Like Portfolio Evolution Assets Acquired 2015 260 + 9,75% Millions 250 240 230 220 210 200 AcquisitionSeptember March January January January January January January Value 2015 2016 2017 2018 2019 2020 2021 2022 Assets Acquired 2016 175 +6,95% Millions 170 165 160 155 150 145 140 Acqui

  9. Slide 9: 3.1. Like for Like Portfolio Evolution

    3.1. Like for Like Portfolio Evolution Assets Acquired 2017 Assets Acquired 2018 200 116 Millions +3.15% Millions 115 +2.29% 198 196 114 194 113 192 112 190 111 188 110 186 109 Acquisition January 2018 January 2019 January 2020 January 2021 January 2022 184 Value Acquisition Value January 2019 Janua

  10. Slide 10: 3.2. Portfolio Evolution

    3.2. Portfolio Evolution Portfolio Evolution 1200 Millions +11.71% 1000 800 600 400 200 0 Valuation - Valuation - Valuation - Valuation - Valuation - Valuation - Valuation - Valuation - Valuation - Valuation - March 2014 January 2015 September March 2016 January 2017 January 2018 January 2019 Januar

  11. Slide 11: 4. Assets Acquired in 2013

    4. Assets Acquired in 2013 AVDA. DE SAN LUIS 25 (Madrid) OFFICE BUILDING ▪ Acquisition Date: September 2013 ▪ GLA: 16,889 sqm + 403 parking units ▪ Tenant: UNEDISA (RCS Media Group) The building is located in the north of Madrid between the M-30 and M-40 satellite highways and has direct access to t

  12. Slide 12: 4. Assets Acquired in 2014

    4. Assets Acquired in 2014 PRINC BUILDING (Madrid) OFFICE BUILDING ▪ Acquisition Date: June 2014 ▪ GLA: 9,798 sqm + 187 parking units ▪ Tenant: ENAGAS Located in the Embajadores neighborhood of Madrid, which is enjoying sustainable growth thanks to the Madrid Río urban park and the Mahou beer maker,

  13. Slide 13: 4. Assets Acquired in 2015

    4. Assets Acquired in 2015 AVDA. DE BURGOS 118 (Madrid) OFFICE BUILDING ▪ Acquisition Date: January 2015 ▪ GLA: 11,682 sqm + 495 parking units ▪ Tenant: BMW A standalone building located in a prestigious business park at the junction of the A-1 and M-11 highways, adjacent to the future extension of

  14. Slide 14: 4. Assets Acquired in 2016

    4. Assets Acquired in 2016 AVDA. DE MANOTERAS 40 (Madrid) LEISURE CENTRE ▪ Acquisition Date: May 2016 ▪ GLA: 13,000 sqm + 980 parking units ▪ Tenant: Multi Tenant (Main tenant CINESA-AMC) The Manoteras Leisure Centre, is located 12 km from the city centre in the northern periphery of Madrid, directl

  15. Slide 15: 4. Assets Acquired in 2017

    4. Assets Acquired in 2017 SANTIAGO DE COMPOSTELA 96 (Madrid) OFFICE BUILDING ▪ Acquisition Date: November 2017 ▪ GLA: 14,731 sqm + 182 parking units ▪ Tenant: Audiencia Provincial de Madrid Office building located on the M-30, in the northwest area of Madrid. The property consists of 14 floors abov

  16. Slide 16: 4. Assets Acquired in 2018

    4. Assets Acquired in 2018 NOVUS BUILDING – AV. FUENTE DE LA MORA 1 (Madrid) OFFICE BUILDING CENTRE ▪ Acquisition Date: October 2018 ▪ GLA: 42,945 sqm + 561 parking units ▪ Tenant: Everis HQ, Hilti and Eurest Grade A office building located in Camino Fuente de la Mora 1, in Manoteras business area.

  17. Slide 17: 5. Financial Information

    5. Financial Information (€'000) Balance sheet 31/12/2021 31/12/2020 Variance % Variance Non-current assets 789,390 803,911 (14,521) (1.8%) Investment properties 780,784 793,391 (12,607) (1.6%) Long-term investments 8,606 10,520 (1,914) (18.2%) Current assets 62,695 34,178 28,517 83.4% Trade and oth

  18. Slide 18: 5. Financial Information

    5. Financial Information (€'000) Balance Sheet 31/12/2021 31/12/2020 Variance % Variance Equity 787,293 777,299 9,994 1.29% Share capital 646,006 646,006 - 0.00% Share Premium 66,522 66,522 - 0.00% Reserves 37,433 33,245 4,188 12.60% Treasury shares (581) -538 (43) 7.99% Profit/(loss) for the year 3

  19. Slide 19: 5. Financial Information

    5. Financial Information (€'000) Income Statement 31/12/2021 31/12/2020 Variance % Variance Incomes 59,374 58,968 406 0.7% Total Revenue 59,374 58,968 406 0.7% Staff Costs (328) (169) (159) 94.1% Other Operating Expenses (15,459) (14,051) (1,408) 10.0% Fixed Asset Depreciation (14,782) (14,818) 36 (

  20. Slide 20: 5. Financial Information

    5. Financial Information €'000 31/12/2021 (**) 31/12/2020 (**) 31/12/2019 Income 59,374 58,968 60,960 EBITDA* 51,675 46,995 47,511 Investment Properties (IP) 780,784 793,391 804,419 % EBITDA / IP 6.62% 5.92% 5.90% * EBITDA is calculated as Operating Result - Fixed Asset Depreciation - Impairment **

  21. Slide 21: 6. Disclaimer

    6. Disclaimer This presentation has been prepared by Zambal Spain Socimi, S. A. (the Company) for informational use only. The information contained in this presentation does not purport to be comprehensive or to contain all the information that a prospective purchaser of securities of the Company ma

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