Helios Re Socimi, S.a. · BME:SCHLR
Helios Re Socimi — Lar España Real Estate SOCIMI — Investor Presentation (June 2023)
32 slides from Helios Re Socimi's investor presentation, June 2023
Slide 1: Corporate presentation June 2023
Corporate presentation June 2023
Slide 2: Index
Index 1 Company Overview 2 Q1 2023 Business Update 3 Final remarks 2 Corporate presentation
Slide 3: Company Overview
_——_ Pi... The reit for the new retail w@rld Company Overview
Slide 4: Leaders in the retail segment
Corporate presentation Leaders in the retail segment Lar España's mission is to lead the retail real estate industry thanks to the size of its portfolio, the quality of its assets and the efficiency of its management model. The constant improvement in these three objectives allows it, in turn, to al
Slide 5: We have not stopped excelling
Corporate presentation We have not stopped excelling Acquisition of Megapark, Lagasca 99 residential Covid-19 pandemic, Lagoh opening €400 Mn IPO El Rosal, As Termas and delivery proving portfolio Acquisition of Eroski portfolio and resilience logistic warehouse Sale of logistics portfolio Vistaherm
Slide 6: With a differential business model
Corporate presentation With a differential business model Dominant shopping centres in catchment areas Omnichannel strategy Our assets are located in relevant but low retail We see e-commerce as an opportunity not a risk. It is a new hybrid density areas, with limited competition around and form of
Slide 7: Creating a value-added REIT
Corporate presentation Creating a value-added REIT Our Mission To provide our customers with unique shopping experiences by combining leisure and retail through an omnichannel approach. 14 100% Assets Ownership of the assets Our Vission To lead the industry based on the size of our portfolio, the qu
Slide 8: A clear idea: dominant & resilient portfolio
Corporate presentation A clear idea: dominant & resilient portfolio Lagoh | SC Gran Vía de Vigo | SC Portal de la Marina | SC El Rosal | SC 69,734 sqm 41,447 sqm 40,334 sqm 50,996 sqm Visits: 5.4 Mn Visits: 4.8 Mn Visits: 2.5 Mn Visits: 3.6 Mn Sales: €94.7 Mn Sales: €81.3 Mn Sales: €65.9 Mn Sales: 8
Slide 9: Meeting the highest standards
Corporate presentation Meeting the highest standards >300K Occuppancy Leader in catchment Refurbished/ > 4 Inditex Shopping centers Asset class GLA >40K sqm inhabitants >4 Million visits Food anchored BREEAM >90% area developed last 5y flags catchment area Lagoh Dominant Gran Vía de Vigo Dominant Po
Slide 10: Becoming the retail leader in Spain
Corporate presentation Becoming the retail leader in Spain MAIN SHOPPING CENTERS AND RETAIL RETAIL LEADERS IN SPAIN PARKS MARKET PLAYERS #1 sqm GLA Avg. GLA ownership Asset stake owned Owned GLA (est.) # Assets per asset1 in Spain Retail parks owned Lar España 550,388 14 39,313 Present in all the at
Slide 11: Committed with transparency, environment and governance
Corporate presentation Committed with transparency, environment and governance Board of Directors EPRA Gold Award Financial Reporting José Luis Alec Roger M. Isabel Leticia Miguel 2015 2016 2017 2018 2019 2020 2021 2022 del Vale Emmott Cooke Aguilera Iglesias Pereda Chairman Vice Chairman 5 Independ
Slide 12: And committed with top experienced management: Grupo Lar
Corporate presentation And committed with top experienced management: Grupo Lar Investment Management Agreement ➢ Grupo Lar owns a 10.12% in Lar España Key figures ➢ Stability shareholding ➢ Reliable manager and partner 54 years in a row 250 ➢ Solid management team ➢ Strong financial structure as le
Slide 13: Reality kills the perception of the retail sector
Corporate presentation Reality kills the perception of the retail sector UKRAINE WAR & E-POCALLYPSE DECELERATION & BREXIT COVID-19 MACRO-MOMENTUM 5.1% 8.9% 6.7% 14.2% €10.27 €11.47 €10.42 €11.16 2017 2019 2020 2022 Dividend yield over market capitalization NTA per share 13 Company Overview
Slide 14: Q1 2023 Business Update
_——_ Pi... The reit for the new retail w@rld Q1 2023 Business Update
Slide 15: Our strategy continues delivering good results
Corporate presentation Our strategy continues delivering good results ASSETS OCCUPANCY INCREASING EXCELLENT ABOVE PERFECT 14 D O M I N A N T ACTIVE MIX OF ASSETS VALUE PREPANDEMIC MANAGEMENT RETAILERS NTA p.s +3.5% c.96% MORE THAN RENTS APPROPIATE c. 5x EFFORT RATE €235 Mn SALES2 GROWING NET PROFIT
Slide 16: Q1 2023 Leasing activity
Corporate presentation Q1 2023 Leasing activity EFFORT RATE1 GLA ROTATED NEGOTIATED RENT UPLIFT RENTS 9.6% 5,603 sqm €2.0 Mn +4.5%2 32 8 24 Operations Relettings Renewals 1 Including expenses 2 Not considering CPI rates increase and excluding 1 non comparable operation 16 Q1 2023 Business Update
Slide 17: We continue improving our operating results quarter by quarter
Corporate presentation We continue improving our operating results quarter by quarter… Results GRI NOI EBITDA NET PROFIT EPRA NTA PER SHARE €25.1 Mn €20.9Mn €16.6 Mn €31.9 Mn € 11.31 p.s +21.4% vs Q1 2022 +25.0% vs Q1 2022 +28.3% vs Q1 2022 c. 5x vs Q1 2022 +3.5% vs FY 2022 Assets GAV EPRA “TOPPED-U
Slide 18: Thanks to a steady increase in sales
Corporate presentation … thanks to a steady increase in sales Sales Q1 20231: €235.4 Mn +7.9% vs Q1 2022 FOOD CULTURE, TECH LEISURE AND HOME FASHION AND MULTIMEDIA ENTERTEINMENT +8.1% vs Q1 2022 +7.0% vs Q1 2022 +12.6% vs Q1 2022 -10.0% vs Q1 2022 +13.1% vs Q1 2022 DINING HEALTH AND SERVICES SPORTS
Slide 19: We have strengthened our financial profile & cash position
Corporate presentation We have strengthened our financial profile & cash position BBB 1 NET FINANCIAL DEBT 2 NET LTV 3 AVERAGE COST OF DEBT €525.6 Mn 35.7% 1.8% 4 AVERAGE DEBT MATIRUTY 5 FIXED RATE AND UNENCUMBERED 6 GREEN DEBT 4.5 years 100% 100% 19 Q1 2023 Business Update
Slide 20: P&L Q1 2023
Corporate presentation P&L Q1 2023 Q1 2023 Q1 2022 Consolidated Income Statement Q1 2023 (€ Millions) Total Total % Growth Revenues 24.2 19.9 +21.2% Other Income 0.9 0.7 Total Income 25.1 20.6 +21.4% Personnel expenses (0.2) (0.3) Other expenses (8.3) (7.4) Changes in the fair value of investment pr
Slide 21: Best in class practices in ESG
Corporate presentation Best in class practices in ESG Emissions Energy Social contribution Scope 1 + 2 Energy intensity per visitor -27.5% vs 2015 6 assets certified in Universal +2,600 hours dedicated social -95.3% vs 2015 Accesibility. 4 in process. initiatives in 2022 -41.0% vs 2021 -15.4% LfL vs
Slide 22: We have paid one of the highest ordinary dividends in our history
Corporate presentation We have paid one of the highest ordinary dividends in our history Since our foundation, we have distributed a total of CAGR >€325 Mn2 2014-2022 14,2% 57.81%1 Div Yield1 € 0.80 ps € 0.49 ps €75.0 Mn € 0.63 ps € 0.60 ps € 0.33 ps €55.0 Mn € 0.31 ps € 0.36 ps €50.0Mn €45.0 Mn € 0
Slide 23: One of the most profitable options in the Spanish market
Corporate presentation One of the most profitable options, not only by dividends, in the Spanish market One of the most profitable options for One of the largest capital reductions in A new way to improve profitability: investors in the Spanish market the Spanish stock market during last years Bond
Slide 24: Sound valuations
Corporate presentation Sound valuations 31st December 2022 Valuation €1,473 Mn Including Capex Invested Asset appraisal variations Asset appraisal variations +54.0% Dec 2022 vs Dec 2021 Dec 2022 vs Jun 2022 Lar España +3.5% +0.2% Peer 1 -2.7% -2.3% Peer 2 -0.2% +0.2% Peer 3 -0.7% -1.1% + 3.5% +0.2%
Slide 25: In FY22, we continued to overperform our European peers
Corporate presentation In FY22, we continued to overperform our European peers… LAR ESPAÑA MARKET AVERAGE1 GRI vs FY 2021 +6.1% +5.1% Net Profit vs FY 2021 +182.8% +47.2% Occupancy rate 96.6% 95.4% Asset Valuation vs Dec21 +3.5% -0.1% NTA per share vs Dec 2021 +7.2%2 +0.3% LTV 37.1%2 38.8% Average c
Slide 26: New Business Plan to be developed in the next few years
Corporate presentation …and we have a New Business Plan to be developed in the next few years Preserve occupancy levels. Support tenants in the improvement Maintain a strategy of proximity to of their activity levels and sales. the most important retailers to implement potential new projects with th
Slide 27: Final Remarks
The reit for the new retail w@rld Final Remarks
Slide 28: Strong leadership in Spanish Retail makes Lar España an extremely attractive company
Corporate presentation Strong leadership in Spanish Retail makes Lar España an extremely attractive company 1 SOLID OPERATING RESULTS 2 MAJOR INCREASE IN PROFIT 3 SOUND VALUATION 4 MODERATE DEBT LEVEL 5 IMPROVEMENT IN EPRA FIGURES 6 ONE OF THE HIGHEST ORDINARY DIVIDENDS IN OUR HISTORY by the hand of
Slide 29: As you can see in two minutes
Corporate presentation As you can see in two minutes 29 Final remarks
Slide 30: Slide 30
Slide 31: Disclaimer
Disclaimer This document has been prepared by Lar España Real Estate SOCIMI, S.A. (the “Company”) for information purposes only and the information included in this document is not regulated information or information which has been subject to prior registration with, or control by, the Spanish Nati
Slide 32: www.larespana.com
— eu... The REIT . for the new retail worl www.larespana.com
Lar España Real Estate SOCIMI — Investor Presentation (June 2023) on 6ix