Colonial Sfl Socimi Sa · BME:COL
Colonial Sfl Socimi Sa — Inmobiliaria Colonial, SOCIMI — Investor Day (July 2022)
30 slides from Colonial Sfl Socimi Sa's investor day presentation, Jul 11, 2022
Slide 1: The best office positioning
The best office positioning Juan Manuel Ortega Chief Investment Officer Capital Markets Day 2022
Slide 2: Disclaimer
Disclaimer By attending this presentation and receiving this document, you are agreeing to be bound by the following limitations. Any failure to comply with these restrictions may constitute a violation of applicable securities laws and/or may result in civil, administrative or criminal liabilities.
Slide 3: Agenda
Agenda I. Portfolio Management: Acquisition & Disposals II. Case Study Velazquez – The Office 3.0 III. Future Growth through Méndez Álvaro Campus 3
Slide 4: Acquisition & Disposals in Spain: Portfolio Management Strategy
I Portfolio Management Acquisition & Disposals in Spain Portfolio Management Strategy > Dynamic acquisition & disposal strategy since 2014 > Market evolution and growth curve of vital importance to achieve best results when executing acquisitions or disposals > Portfolio composition designed by mult
Slide 5: Acquisition & Disposals in Spain: Portfolio Evolution
I Portfolio Management Acquisition & Disposals in Spain Portfolio Evolution - €m 6,000 € 4,830m 5,000 4,000 3,000 2,000 1,000 2015 2016 2017 2018 2019 2020 2021 € 1,859m € 369m Ø € 174m € 190m € 394m € 109m € 10m € 51m € 15m € 86m Ø € 150m € 167m Acquisitions Sales € 441m € 477m 5
Slide 6: Acquisition & Disposals in Spain: Portfolio Evolution
I Portfolio Management Acquisition & Disposals in Spain Portfolio Evolution Méndez Álvaro Méndez Álvaro - Zoom Acquisitions > Prime positioning strategy: increasing Castellana exposure in 3.1x Axis > Focus on the best performers new business districts within Madrid and MAPA MADRID – MENDEZ ALVARO Ba
Slide 7: Share by cities' stock
I Portfolio Management Acquisition & Disposals in Spain Share by cities’ stock GAV (€m) 2% 5% 30% Madrid 4.3 X 2015 2021 41% € 1,427m 54% € 4,830m Barcelona 2.5 X 68% Stock (‘000 sqm) Madrid Barcelona Others 32% 33% 2015 2021 18,362 sqm 18,927 sqm 68% 67% Source: CBRE 7
Slide 8: Office Portfolio Evolution – June 2015
I Portfolio Management Office Portfolio Evolution – June 2015 MADRID BARCELONA Periphery 376,188 sqm GLA € 1,426m Portfolio Value 31 Assets COL pre-2015 June June June June June June June Dec 2015 2016 2017 2018 2019 2020 2021 2021 8
Slide 9: Office Portfolio Evolution – June 2016
I Portfolio Management Office Portfolio Evolution – June 2016 MADRID BARCELONA Periphery 478,756 sqm GLA € 2,037m Portfolio Value 39 Assets COL pre-2015 Acquisitions June June June June June June June Dec 2015 2016 2017 2018 2019 2020 2021 2021 9
Slide 10: Office Portfolio Evolution – June 2017
I Portfolio Management Office Portfolio Evolution – June 2017 MADRID BARCELONA Periphery 546,984 sqm GLA € 2,484m Portfolio Value 42 Assets COL pre-2015 Acquisitions Disposals June June June June June June June Dec 2015 2016 2017 2018 2019 2020 2021 2021 10
Slide 11: Office Portfolio Evolution – June 2018
I Portfolio Management Office Portfolio Evolution – June 2018 MADRID BARCELONA A-1 Axis Periphery 1.01M sqm GLA € 4,732m Portfolio Value 73 Assets COL pre-2015 Acquisitions Disposals June June June June June June June Dec 2015 2016 2017 2018 2019 2020 2021 2021 11
Slide 12: Office Portfolio Evolution – June 2019
I Portfolio Management Office Portfolio Evolution – June 2019 MADRID BARCELONA A-1 Axis Periphery 1.36M sqm GLA € 5,020m Portfolio Value 68 Assets COL pre-2015 Acquisitions Disposals June June June June June June June Dec 2015 2016 2017 2018 2019 2020 2021 2021 12
Slide 13: Office Portfolio Evolution – June 2020
I Portfolio Management Office Portfolio Evolution – June 2020 MADRID BARCELONA A-1 Axis Periphery 1.01M sqm GLA € 4,917m Portfolio Value 68 Assets COL pre-2015 Acquisitions Disposals June June June June June June June Dec 2015 2016 2017 2018 2019 2020 2021 2021 13
Slide 14: Office Portfolio Evolution – June 2021
I Portfolio Management Office Portfolio Evolution – June 2021 MADRID BARCELONA A-1 Axis Periphery 847,870 sqm GLA € 4,694m Portfolio Value 64 Assets COL pre-2015 Acquisitions Disposals June June June June June June June Dec 2015 2016 2017 2018 2019 2020 2021 2021 14
Slide 15: Office Portfolio Evolution – Dec 2021
I Portfolio Management Office Portfolio Evolution – Dec 2021 MADRID BARCELONA A-1 Axis Periphery 855,098 sqm GLA * * € 4,830m Portfolio Value 63 Assets COL pre-2015 Acquisitions Disposals * Alcalá 506 & Josefa Valcárcel 24 have been sold in 2022 June June June June June June June Dec 2015 2016 2017
Slide 16: Acquisitions
I Portfolio Management Acquisitions Onloading quality Looking for location, quality to focus on state-of-the-art clients and users MADRID Serrano 73 Almagro 9 Príncipe de Vergara 112 Velázquez 86 BARCELONA Ciudat de Granada Diagonal 525 Diagonal 197 16
Slide 17: Disposals
I Portfolio Management Disposals Offloading Non-Strategic assets: Blended 7% premium to GAV Quality Microlocation Portfolio Rebound 281.5 M€ Park Cugat & A506 & JV 24 59 M€ Asset Class Hotel C. Norte, Hotel Mojácar & Hotel S.Sebastian Gavarres, Planetocio & Las Mercedes Logistics Hotels, Retail & Lo
Slide 18: Agenda
Agenda I. Portfolio Management: Acquisition & Disposals II. Case Study Velazquez – The Office 3.0 III. Future Growth through Mendez Alvaro Campus 18
Slide 19: Case Study Velazquez – The Office 3.0
II Portfolio Management Case Study Velazquez – The Office 3.0 19
Slide 20: Outstanding building and performance
II Portfolio Management Case Study Velazquez – The Office 3.0 Outstanding building and performance > Pre let of 14,020 sqm (86%) at maximum market levels. ( >37 €/sqm/mo.) > Largest deal in prime area accounting for 5,243 sqm. > Project redesign to attract clients from different sectors proved succe
Slide 21: Property Configuration
II Portfolio Management Case Study Velazquez – The Office 3.0 Property Configuration > Appealing design to help companies attract and retain talent > A set of actions included in Colonial’s PropTech technology PropNet to improve client & user comfort and reduce energy consumption 21
Slide 22: Space as a service
II Portfolio Management Case Study Velazquez – The Office 3.0 Not only providing common spaces but managing them: space as a service > New ways to work lead to a fix and flexible combined strategy with clients > Greater user experience motivates “working from office”: > High% natural light in worksp
Slide 23: Becoming a true ESG partner
II Portfolio Management Case Study Velazquez – The Office 3.0 Not only a certification but becoming a true ESG partner Low impact on water footprint Built with high recycled Powered 100% by green with water consumption content and low emission energies and photovoltaic reduced by up to 70% materials
Slide 24: Agenda
Agenda I. Portfolio Management: Acquisition & Disposals II. Case Study Velazquez – The Office 3.0 III. Future Growth through Mendez Alvaro Campus 24
Slide 25: Future Growth through Méndez Álvaro Campus: Location
III Portfolio Management Future Growth through Méndez Álvaro Campus Location Key Aspects Bernabéu M-30 • Active development area • Located in the south limit of Colón Madrid´s City Centre Retiro • 5 mins walk to the Spanish most Park important train station: Atocha • In the past few years, well- kno
Slide 26: Future Growth through Méndez Álvaro Campus
III Portfolio Management Future Growth through Méndez Álvaro Campus 26
Slide 27: Urban Regeneration
III Portfolio Management Future Growth through Méndez Álvaro Campus Urban Regeneration > When Colonial focused on Méndez Álvaro, the district was the only area that had large available land plots inside the M-30 highway. > Strong fundamentals have since attracted investors to the area. > In conseque
Slide 28: Urban Transformation
III Portfolio Management Future Growth through Méndez Álvaro Campus Urban Transformation Colonial has been a pioneer investor in the submarket acquiring the largest available plot in the area at a very early stage and becoming a reference in the area’s urban transformation. District’s Residential Ca
Slide 29: A Hybrid Project
III Portfolio Management Future Growth through Méndez Álvaro Campus A Hybrid Project Only development of different real estate assets will 1 Office Campus impulse an ecosystem in the neighborhood. Catalana Occidente GLA Delivery 18% 57,025 sqm June 2024 Retail 2 Residential 4% Weight Office GLA 52%
Slide 30: www.inmocolonial.com
www.inmocolonial.com © Colonial
Inmobiliaria Colonial, SOCIMI — Investor Day (July 2022) on 6ix