Zambal Spain Socimi Sa · BME:YZBL
Zambal Spain Socimi Sa — Shareholder Meeting (June 2023)
17 slides from Zambal Spain Socimi Sa's shareholder meeting presentation, Jun 28, 2023
Slide 1: General Shareholders Meeting 28th June 2023
General Shareholders Meeting 28th June 2023 1
Slide 2: 1. Business Highlights
1. Business Highlights More than €1,000M invested since 2013 in Spain 270,466 sqm GLA ~89% Portfolio Occupancy Non recourse to bank financing across the entire portfolio Current External RICs Valuation of Portfolio (31/12/2022): €947M 2
Slide 3: 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 2022: €47.4M * * Net Operati
Slide 4: 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
Slide 5: 2. 2022 Summary
2. 2022 Summary 1) Zambal is oriented towards prime real estate recurring rents-generating assets, preferably commercial (tertiary use), mainly located in Madrid : I. During 2022, there has been a reduction in net rental income by € 3,0m. The main reason was due to the departure of the Ministry of F
Slide 6: 3.1. Portfolio Evolution
3.1. Portfolio Evolution Portfolio Evolution 980 Millones 960 940 920 900 880 860 840 820 800 Valuation - January 2021 Valuation - January 2022 Valuation - January 2023 Acquisition Value Current Value RICS valuations by an external expert. 6
Slide 7: 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
Slide 8: 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,
Slide 9: 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
Slide 10: 4. Assets Acquired in 2016
4. Assets Acquired in 2016 AVDA. DE MANOTERAS 40 (Madrid) LEISURE CENTRE ▪ Acquisition Date: May 2016 ▪ GLA: 12,923 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
Slide 11: 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
Slide 12: 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.
Slide 13: 5. Financial Information
5. Financial Information (€'000) Balance sheet 31/12/2022 31/12/2021 Variance % Variance Non-current assets 785,459 789,390 (3,931) (0,5%) Investment properties 778,431 780,784 (2,353) (0.3%) Long-term investments 7,028 8,606 (1,578) (18.3%) Current assets 55,290 62,695 (7,405) (11.81%) Trade and ot
Slide 14: 5. Financial Information
5. Financial Information (€'000) Balance Sheet 31/12/2022 31/12/2021 Variance % Variance Equity 778,577 787,293 (8,716) 1.11% Share capital 646,006 646,006 - 0.00% Share Premium 66,522 66,522 - 0.00% Reserves 41,224 37,433 3,791 10.13% Treasury shares (613) (581) (32) 5.51% Profit/(loss) for the yea
Slide 15: 5. Financial Information
5. Financial Information (€'000) Income Statement 31/12/2022 31/12/2021 Variance % Variance Incomes 56,699 59,374 (2,675) (4.51%) Total Revenue 56,699 59,374 (2,675) (4.51%) Staff Costs - (328) 328 (100%) Other Operating Expenses (14,765) (15,459) 694 (4.49%) Fixed Asset Depreciation (14,680) (14,78
Slide 16: 5. Financial Information
5. Financial Information €'000 31/12/2022 31/12/2021 (**) Income 56,699 59,374 EBITDA* 41,934 51,675 Investment Properties (IP) 778,431 780,784 % EBITDA / IP 5,39% 6.62% * EBITDA is calculated as Operating Result - Fixed Asset Depreciation - Impairment ** The EBITDA include the amount recovered from
Slide 17: 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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