Soges Group Spa · MIL:SOGES
Soges Group Spa — NEXT GEMS 2024
30 slides from Soges Group Spa's conference presentation, Oct 23, 2024
Slide 1: NEXT GEMS 2024
NEXT GEMS 2024 O c t o b e r 2 3 rd, 2 0 2 4
Slide 2: Paolo Galardi, Andrea Galardi, Simona Cappelletti
PAOLO GALARDI CHAIRMAN Founder of the company, over thirty years of experience in business relations with public and private companies. He is the figure dedicated to investments, relations with institutional and non-institutional entities, strategic vision of lines for the future, study of opportuni
Slide 3: Soges at a Glance
Art Atelier - Firenze SOGES AT A GLANCE 3
Slide 4: Soges Group SpA is an SME among leading Italian hotel operators
So ges G ro u p SpA is an SME tha t ra nks a mo ng the leadin g Italian co m p anies ac t iv e in hotel and c on fer enc e hos pital it y within prestigiou s facilities . The co m pan y opera tes primarily th rou gh it s P lace of C har me (“P oC ”) bran d wh os e goal is to provide a n offering t h
Slide 5: Company history and milestones
Management of Borgo di Cortefreda - Barberino Tavarnelle Dependance dell’Art Atelier Purchase of Park Hotel The Company makes its Divesting the «student Chianti entry into the hotellerie: housing» business to focus Management of the on developing the hotel Management of Certosa di Pontignano busines
Slide 6: Firenze Cluster
FIRENZE CLUSTER HOTEL ART ATELIER (FIRENZE, FI) VILLA NEROLI (FIRENZE, FI) Firenze VILLA AGAPE (FIRENZE, FI) Cluster HOTEL MALASPINA (FIRENZE, FI) VILLA NEROLI PARK HOTEL CHIANTI (TAVARNELLE VAL DI PESA, FI) PODERE MEZZASTRADA (FIANO, FI) BORGO DI CORTEFREDA (BARBERINO TAVARNELLE, FI) Chianti 76 ROO
Slide 7: Chianti Cluster
CHIANTI CLUSTER PARK HOTEL CHIANTI BORGO DI CORTEFREDA 43 ROOMS 55 ROOMS OCCUPATION 79 % OCCUPATION 82 % REVENUES € 1.281 K REVENUS € 2.555 K ADR € 101 ADR € 106 PODERE MEZZASTRADA BOCCIOLETO RESORT 20 APARTMENTS 22 ROOMS 6 APARTMENTS OCCUPATION 59 % OCCUPATION 86 % REVENUES € 405 K REVENUES € 1.029
Slide 8: Business Model
Boccioleto Resort - Montaione BUSINESS MODEL 8
Slide 9: Chain of Value
CHAIN OF VALUE ACQUISITION TOURIST FACILITIES • Soges' core business is the acquisition of hotel management with a focus on: • optimize economic results OPERATIONAL • repositioning brand reputation MANAGEMENT • improve the operational performance of each individual facility • Thanks to its unique va
Slide 10: Acquisition and operational management process
1. 1 – TARGET RESEARCH 2 – TARGET SCREENING 3 - NEGOTIATION 4 - ACQUISITION AND Target search based on: Selection based on the Negotiation process with RENOVATION OF THE FACILITY • Location following quantitative criteria: definition of a 'binding offer and Facility takeover; facility • Building • N
Slide 11: Important growth of business and selection skills
Art Atelier - Firenze IMPORTANT GROWTH OF SCALABLE MODEL EXPERIENCE BUSINESS AND MANAGEMENT SELECTION SKILLS 11
Slide 12: History of strong growth, 37% CAGR
Hotellerie branch sales revenue The Society has a history of strong growth: in the past 5 15.786 years it has recorded a CAGR of 37% led by: • Increase in facilities under management from 3 in 2019 CAGR 10.787 to 9 in the first half of 2024 2019-2023 • Steady increase in facilities under the Company
Slide 13: Centralized Structure
VILLA AGAPE PODERE ART ATELIER MEZZASTRADA FACILITY DEPARTMENT PARK HOTEL VILLA NEROLI IT HR DEPARTMENT DEPARTMENT CHIANTI The Company, thanks to its strategy, has CENTRALIZED developed a business organization capable of increasing the number of managed facilities STRUCTURE by generating economies o
Slide 14: Management Team
The Company, for each strategic area, relies on an experienced and highly professional Management Team. ALESSANDRO GUALTIERI LUCA PERINI F&B & Purchase Manager Facility Manager Proven experience in the ho.re.ca industry In Soges since 2017, he is responsible for all with management roles for more th
Slide 15: Strategic Guidelines
Villa Neroli - Firenze STRATEGIC GUIDELINES ACQUISITION OF NEW CONSOLIDATION OF PLACE OF CHARME IMPLEMENTATION OF IMPLEMENTAZIONE DEI MANAGEMENT SYNERGIES FACILITIES BRAND UNDER MANAGEMENT SERVICES SERVIZI CONTRACTS STRENGTHENING • Increased revenues • Development of synergies among the various • In
Slide 16: Financials 1H2024
Park Hotel Chianti - Barberino Tavarnelle FINANCIALS 1H2024 16
Slide 17: 2024 Milestones
2024 MILESTONES Fonte: Dati Societari MANAGEMENT OF THE FLORENCE ART ATELIER HOTEL ANNEX • Signing of a new lease agreement regarding the management of the Art Hotel Atelier, already under management since 2021, which now includes the Dependance outside and adjacent to the facility. The new contract
Slide 18: 2024 Milestones
2024 MILESTONES Fonte: Dati Societari PURCHASE OF THE PROPETY AND HOTEL BUSINESS BRANCH HOTEL BORGO DI CORTEFREDA • Acquisition of Hotel Borgo di Cortefreda, located in Tavarnelle Val di Pesa (FI). The transaction involved the purchase of the property from Immobiliare Chiostrini di Naldini Raffaello
Slide 19: Financial Highlights 1H2024
FINANCIAL HIGHLIGHTS 1H2024 Fonte: Dati Societari SALES REVENUES: € 7.4M vs €7.0M in 1H2023 • The revenue growth of 6.8% compared to the first half of 2023 is attributable to the increase recorded by Accommodation, which can be attributed to better ADR (Average Daily Rate) values, and also to the in
Slide 20: Income Statement
Fonte: Dati Societari INCOME STATEMENT • EBITDAR* shows a positive change compared to 1H2023 despite higher costs for services and personnel mainly due to the strengthening of the organizational structure (inclusion of 7 employees) in view of the listing. The incidence of raw material costs on reven
Slide 21: Breakdown Revenues per Services
BREAKDOWN REVENUES PER SERVICES Fonte: Dati Societari • ACCOMMODATION is € 5.6M, about 76% of total revenues, and represents the recognition of revenues pertaining to room rental and “breakfast” services provided by facilities. The 7.1% increase over 1H2023 is mainly attributable to the 6% increase
Slide 22: Breakdown Revenues per Structure
BREAKDOWN REVENUES PER STRUCTURE Fonte: Dati Societari €(000) 1H2023 1H2024 VILLA NEROLI 1.963 2.111 ADR BREAKDOWN VILLA AGAPE 1.110 1.299 CERTOSA DI PONTIGNANO 1.125 1.238 BORGO DI CORTEFREDA 1.128 1.089 City Country ART ATELIER 0.537 0.589 PARK HOTEL 0.567 0.559 € 173 € 97 BOCCIOLETO 0.411 0.386 P
Slide 23: Balance Sheet
BALANCE SHEET Fonte: Dati Societari • NET WORKING CAPITAL is negative € -1,047 thousand compared to € -697 thousand with the change mainly related to the increase in current liabilities. This increase is mainly attributable to: • increase in advances to customers of approximately € 176 thousand due
Slide 24: Appendix
Podere Mezzastrada - Fiano APPENDIX 24
Slide 25: Shareholding Structure and Governance
SHAREHOLDING STRUCTURE AND GOVERNANCE Board of Directors Paolo Galardi Chairman 21.18% Cristina Galardi Vice President 0.62% Andrea Galardi CEO 0.31% Paolo De Nadai Non-executive Director 77.88% Fabio Brigante Director Bernardo Balleggi Director Emanuele Mastagni Director Gala Holding Srl Andrea Gal
Slide 26: Tourism and Hospitality Market Europe 2022-27E
Tourism Market Europe 2022-27E (Bn Euro) • The European travel and tourism market will grow reaching a value of approximately €2,422 billion in 2027, an increase of 46.6 percent compared to 2022. • Strengthening the tourism sector through a greener, sustainable and digitized approach, with the resul
Slide 27: The National Market and the Tuscan Region
THE NATIONAL MARKET AND THE TUSCAN REGION Hospitality Market Europe 2022-27E (Bn Euro) The hospitality market reached a business volume in 2022 of about € 43 billion, up 68.8% from the previous year. Specifically, at the forecast level, this market is expected to reach a total volume of about € 72 b
Slide 28: Tuscany 2023 Hotel Italy
As the graphs show: Tuscany 2023 • The number of “independent” 3- and 4-star hotels in Italy, Tuscany, 68% Florence and Versilia is significantly higher than the number of 491 those that are part of hotel chains • Strong lack of generational turnover in independent facilitiesAll “independent” facili
Slide 29: Disclaimer
DISCLAIMER For the purposes of this notice, this presentation (the "Presentation") includes the attached slides and any material distributed at or in connection with the Presentation. The Presentation has been prepared by SOGES GROUP S.p.A. (the "Company" or "SOGES GROUP") solely for informational a
Slide 30: Thank you!
Thank you! Contacts: Sede legale: via dei Caboto 49, 50127, Firenze Uffici direzionali e amministrazione: Largo Novello 1 F, 50126, Firenze Tel. 0556532526 investor-relation@soges-group.com