Premia Real Estate Investment Company Societe Anomyme · ATHEX:PREMIA
Premia Real Estate Investment Company Societe Anomyme — Premia Properties — Hellenic Fund & Asset Management Association presentation 2025
31 slides from Premia Real Estate Investment Company Societe Anomyme's conference presentation, April 2025
Slide 1: Presentation to the Hellenic Fund & Asset Management Association | April 2025
Presentation to the Hellenic Fund & Asset Management Association | April 2025
Slide 2: Presentation team
Presentation team Kostas Markazos Nikolaos Baziotis Constantin Pechlivanidis Pantelis Voutirakis CEO CFO/CIO Chief Property Investment FP&A Manager Officer 2
Slide 3: Agenda
Agenda 1 The story so far 2 FY 2024 Review 3 Portfolio & Projects 4 Prospects for 2025 3
Slide 4: Agenda
Agenda 1 The story so far 2 FY 2024 Review 3 Portfolio & Projects 4 Prospects for 2025 4
Slide 5: Premia is a fast-growing and dynamic real estate company
Premia is a fast-growing and dynamic real estate company Total investments in € mn 498 16X 307 273 199 106 31 2019 2020 2021 2022 2023 2024 Properties under 5 17 27 50 51 61 management GBA (000’ m2) 61 155 261 369 384 471 5
Slide 6: Agenda
Agenda 1 The story so far 2 FY 2024 Review 3 Portfolio & Projects 4 Prospects for 2025 6
Slide 7: 2024: A year of intense activity, achieving our € 500m investments target
2024: A year of intense activity, achieving our € 500m investments target • Completion of major projects: Piraeus 180 (headquarters of Independent Authority for Public Revenue), Xanthi (student housing) and transactions (Skyline) Investments • Inaugural investment in hospitality through the acquisit
Slide 8: FY 2024: Defined by Strong Performance and a Robust Balance Sheet
FY 2024: Defined by Strong Performance and a Robust Balance Sheet OPERATING PERFORMANCE GROWTH & PORTFOLIO EXPANSION ○ TOTAL REVENUE ○ RENTAL GROWTH ○ LIKE-FOR-LIKE ○ TOTAL INVESTMENTS (INC. CASH) + 14.9% yoy €22.4m + 23.8% yoy + 6.0% yoy €517.8m €350.7m + €2.9m yoy ○ ADJUSTED EBITDA ○ PROPERTIES ○
Slide 9: We actively manage the capital structure, maintaining a disciplined debt profile
We actively manage the capital structure, maintaining a disciplined debt profile Interest rate risk exposure DISCIPLINED CAPITAL MANAGEMENT ○ GROSS DEBT ○ NET DEBT ○ DEBT MATURITY Floating Weighted 39% €310.3m €288.4m 7.9 years average cost 3.6% Fixed 31.12.24 61% Weighted average ○ COST OF DEBT ○ U
Slide 10: Strong & consistently improving financial performance
Strong & consistently improving financial performance Revenue Adjusted EBITDA* € mn € mn +18% 22.4 +18% 14.1 yoy yoy 19.0 12.0 +26% +61% 15.1 yoy yoy +58% yoy 7.5 +100% +459% 9.5 yoy yoy +697% yoy 3.7 0.5 1.7 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Profit Afte
Slide 11: Agenda
Agenda 1 The story so far 2 FY 2024 Review 3 Portfolio & Projects 4 Prospects for 2025 11
Slide 12: We actively manage a well-diversified portfolio with prime assets, ...
We actively manage a well-diversified portfolio with prime assets, ... 61 assets 471k sqm (GBA) Logistics & Warehouses 12 213 Retail & Big Boxes 6 9 Serviced apartments & Student housing 7 20 Schools 11 60 Offices 2 64 Industrial & Wineries 16 38 Hotels 2 67 Land plots 5 - 12
Slide 13: ...AAA tenants and excellent KPIs.
...AAA tenants and excellent KPIs. 13
Slide 14: We integrate ESG into all activities
We integrate ESG into all activities ENVIRONMENT SOCIAL GOVERNANCE ✓ Donation to Society ✓ Inclusion in Indices ✓ Green Certifications o Participated for the second o Support services (i.e., medical) and consecutive year in the Athens Stock 59k sqm office complex certified LEED key infrastructure (i
Slide 15: Significant transactions and developments completed in 2024 (1/2)
Significant transactions and developments completed in 2024 (1/2) PROJECTS PROPERTY TRANSACTIONS Piraeus 180 office Student apartments Sunwing hotels Logistics (Aspropyrgos) Construction and development of LEED Construction and development of student 4-star beachfront hotel resorts High quality ware
Slide 16: Significant transactions and developments completed in 2024 (2/2)
Significant transactions and developments completed in 2024 (2/2) JV PARTICIPATIONS DISPOSALS Skyline Renti Katerini Santorini One of the largest real estate portfolio Acquisition of Village Shopping & More at transactions in Greece Disposal of Big-box supermarket Disposal of winery Renti P&E Invest
Slide 17: 2025 completed projects
2025 completed projects PROPERTY TRANSACTIONS PROJECT Semeli winery Thessaloniki office Pikermi office Acquisition of leading winery Acquisition of leased office property Redevelopment of old office complex Acquisition of a winery with 10 suites, a Acquisition of an office building located Redevelop
Slide 18: Ongoing projects
Ongoing projects ` Kalamaria office Public school Student apartments Navarino winery Redevelopment of 5 buildings to modern JV with TEMES for the construction of a Office building redevelopments Newly build public school complex student housing modern winery Redevelopment of old office building Newl
Slide 19: Case study 1: Piraeus 180 office project
Case study 1: Piraeus 180 office project Conversion of former shopping mall, along with the development of a new building in an adjacent land plot into a bioclimatic office complex, which achieved LEED Gold certification. The property was leased to the Independent Authority for Public Revenue (IARP)
Slide 20: Case study 2: Sunwing resorts
Case study 2: Sunwing resorts Sale & leaseback of the 4+* beachfront hotel resorts "Sunwing Kallithea Beach" in Rhodes (534 keys) and "Sunwing Makrigialos & Ocean Beach Club" in Crete (262 keys) with NLTG, which has operated these hotels for over 40 years and will continue operating them. NLTG becam
Slide 21: Agenda
Agenda 1 The story so far 2 FY 2024 Review 3 Portfolio & Projects 4 Prospects for 2025 21
Slide 22: Greek economy on the recovery path despite challenges
Greek economy on the recovery path despite challenges Real GDP growth (%) Unemployment rate Greece EU average 17.6% 17.0% 8.4% 14.8% 5.9% 5.6% 3.6% 12.3% 2.1% 2.2% 2.2% 11.0% 1.9% 2.0% 0.6% 1.6% 2.0% 1.8% 1.5% 1.6% 10.7% 10.1% 1.0% 9.5% 9.0% -5.8% -9.2% 2019 2020 2021 2022 2023 2024 2025 2026 2027 2
Slide 23: Favorable Greek real estate market fundamentals
Favorable Greek real estate market fundamentals Despite the apparent yield compression in the past 10 years, the spread vs European prime yields, both in logistics and office markets, remains attractive. Transaction volumes continue an upward trend in 2024. Logistics yields & rents evolution Office
Slide 24: FY2025: Step-change in revenues and operating profitability
FY2025: Step-change in revenues and operating profitability (in € mn) FY 2023 (ACT) FY 2024 (ACT) FY 2025 (F) Total revenue 19.0 +18% 22.4 > +50% 34-35 Adjusted EBITDA 12.0 +18% 14.1 > +55% 22-23 Positive drivers Risks Full-year contribution of major investments such as the IAPR offices, hotels an
Slide 25: We look forward to a year of strong growth while laying the foundation for the future
We look forward to a year of strong growth while laying the foundation for the future Focus on the timely execution of 2025 investment plan (c. € 50m) 1 • €17m already implemented Effective liability management & raising of new financing at competitive terms 2 • Effort to further improve financing t
Slide 26: Appendix
Appendix 26
Slide 27: Consolidated income statement - IFRS
Consolidated income statement - IFRS Consolidated Income Statement amounts in € (000s) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Total revenue 1,705 9,521 15,079 18,993 22,354 Direct Property expenses -375 -3,465 -3,922 -5,256 -6,044 General & Admin expenses -892 -3,003 -4,165 -3,621 -4,239 Other Inco
Slide 28: Consolidated balance sheet - IFRS
Consolidated balance sheet - IFRS Consolidated Balance Sheet amounts in € FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Assets Total Investments 106,304 198,870 272,602 307,188 497,859 Goodwill 0 4,411 0 0 0 PPE, intangible and other assets 176 1,858 2,249 1,691 2,294 Total non-current assets 106,480 205,
Slide 29: Consolidated cash flow - IFRS
Consolidated cash flow- IFRS Consolidated Cash flow amounts in € FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Operating cash flow Profit before tax 1,383 9,570 16,238 8,690 42,824 Depreciation 92 281 251 293 723 Result from investing activity -1,657 -7,107 -16,944 -2,307 -23,002 Working capital 3,614 2,4
Slide 30: Important Notice and Disclaimer of Liability
Important Notice and Disclaimer of Liability THIS DOCUMENT MAY ONLY BE USED IN CONJUNCTION WITH AND SUBJECT TO THE TERMS OF THIS NOTICE & DISCLAIMER OF LIABILITY THIS PRESENTATION DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER FOR SALE OR SOLICITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR ANY SECURITI
Slide 31: PREMIA Properties
PREMIA Properties
Premia Properties — Hellenic Fund & Asset Management Association presentation 2025 on 6ix