Helios Re Socimi, S.a. · BME:SCHLR
Helios Re Socimi — Lar España Real Estate SOCIMI — Q1 2016 Earnings Presentation
20 slides from Helios Re Socimi's earnings presentation, May 13, 2016
Slide 1: Q1 2016 Results
Q1 2016 Results 13th May, 2016 www.larespana.com Lar España Real Estate SOCIMI, S.A. (LRE) – May, 2016
Slide 2: Disclaimer
Disclaimer This document has been prepared by Lar España Real Estate SOCIMI, S.A. (the “Company”) for information purposes only and it is not a regulated information or information which has been subject to prior registration or control by the Spanish Securities Market Commission. This document neit
Slide 3: Lar España's presenting team
Q1 2016 Results - Lar España Real Estate Lar España’s presenting team MIGUEL PEREDA Board Member of Lar España and Co-CEO of Grupo Lar SERGIO CRIADO CFO of Lar España HERNÁN SAN PEDRO Head of Investor Relations of Lar España Lar Lar España España Real Real Estate Estate SOCIMI, SOCIMI, S.A. S.A. (LR
Slide 4: Agenda
Agenda 1 Highlights 2 Financials 3 Business Performance 4 Closing Remarks Lar Lar España España Real Real Estate Estate SOCIMI, SOCIMI, S.A. S.A. (LRE) (LRE) – – May, May, 2016 2016 4
Slide 5: Strong performance through active asset management
Q1 2016 Results - Lar España Real Estate Strong performance through active asset management €13Mn of Gross Rental Income / EPRA Annualized Net Rent1 of €53.5Mn Strong results start to show 6.1% EPRA Net Initial Yield the run rate potential of the Increase of NAV to 9.80€ from 9.65€ at the end
Slide 6: Delivering strong operating and financial results in Q1
Q1 2016 Results - Lar España Real Estate Delivering strong operating and financial results in Q1 +104% vs €53.5Mn EPRA €952Mn GAV 1 Q1 2015 Annualised Net Rent3 €13Mn Gross Rental +100% vs €5.9Mn EPRA Earnings Income Q1 2015 38% Net LTV2 2.3% €9.8 EPRA NAV +1.6% vs Cost of Debt per share Dec 2015 Te
Slide 7: Attractive recent investments enhance the existing portfolio
Q1 2016 Results - Lar España Real Estate Attractive recent investments enhance the existing portfolio Palmas Altas Full control of Portal de acqusition la Marina (remaining 41.22% stake) Asset Type Regional SC Asset Type Regional SC Location Seville Location Ondara Date of Opening End 2018 Date of O
Slide 8: Agenda
Agenda 1 Highlights 2 Financials 3 Business Performance 4 Closing Remarks Lar Lar España España Real Real Estate Estate SOCIMI, SOCIMI, S.A. S.A. (LRE) (LRE) – – May, May, 2016 2016 8
Slide 9: Significant progress of results driven by the positive performance of the portfolio
Q1 2016 Results - Lar España Real Estate Significant progress of results driven by the positive performance of the portfolio Consolidated Income Statement (Thousands of Euros) Q1 2016 Q1 2015 Chg (%) Recurring Non-Recurring Total Recurring Non-Recurring Total Rental Income 12,985 - 12,985 6,471 - 6,
Slide 10: Diversified and prudent financing strategy with a highly competitive cost of debt
Q1 2016 Results - Lar España Real Estate Diversified and prudent financing strategy with a highly competitive cost of debt Amortization Profile Diversification of sources Highly compelling 2.3% cost of debt Bank Net LTV1: 38% Debt 70% Back loaded debt amortization €140Mn Senior Secured Bond Corporat
Slide 11: Agenda
Agenda 1 Highlights 2 Financials 3 Business Performance 4 Closing Remarks Lar Lar España España Real Real Estate Estate SOCIMI, SOCIMI, S.A. S.A. (LRE) (LRE) – – May, May, 2016 2016 11
Slide 12: Portfolio at a glance
Q1 2016 Results - Lar España Real Estate Portfolio at a glance GAV Rental Income Rental Properties (88% of GAV) Logistics Logistics Residential 5.8% 1. Prime retail in selected secondary cities 7.4% 9.8% 2. Prime Logistics warehouses in highly consolidated areas Offices 11.0% 3. Office assets in Mad
Slide 13: Our portfolio continues to accelerate through Value-Added Management outperforming a strong market
Q1 2016 Results - Lar España Real Estate Retail Our portfolio continues to accelerate through Value-Added Management outperforming a strong market 4 Pillars of operating performance of our +5% Net +4% Gross Rental retail portfolio: Operating Income Income since since acquisition +5% SALES acquisitio
Slide 14: Lar España portfolio continuously outperforms the market
Q1 2016 Results - Lar España Real Estate Retail Lar España portfolio continuously outperforms the market driven by an asset management aimed at improving shopping experience Q1 2016 increase in total and comparable sales Q1 2016 vs Q1 2015 Performance of key Assets Megapark Footfall growth: +8.5% To
Slide 15: Tenants showing great interest in both our operating and under development assets
Q1 2016 Results - Lar España Real Estate Tenants showing great interest in both our operating and under development assets High quality and diversified tenant base / Retail Projects under development 1 Palmas Altas Seville INDITEX 7.32% 2 MEDIA… 7.28% 3 DECATHLON 4.88% 4 CARREFOUR 4.22% 5 4.13% 6 H&
Slide 16: Offices and logistics improving value
Q1 2016 Results - Lar España Real Estate Offices and logistics Offices and logistics improving value Offices Logistics Evolution Eloy Gonzalo Building Managing current occupancy to gradually renovate the asset Joan Miró Building First signs of tenant renovation negotiated upwards Office portfoli
Slide 17: Construction works and market commercialization started
Residential Q1 2016 Results - Lar España Real Estate Construction works and market commercialization started Underground Construction started this quarter More than €60Mn off-market reservations already prebooked Completed VIP sales office in place, marketing plan launched Construction contrac
Slide 18: Agenda
Agenda 1 Highlights 2 Financials 3 Business Performance 4 Closing Remarks Lar Lar España España Real Real Estate Estate SOCIMI, SOCIMI, S.A. S.A. (LRE) (LRE) – – May, May, 2016 2016 18
Slide 19: Closing Remarks
Q1 2016 Results - Lar España Real Estate Closing Remarks Attractive portfolio of €834Mn of rental assets that generate €53.5Mn of annualised Net Rental Income and an EPRA net initial yield of 6.1% Significant future upside from current retail developments, refurbishment and residential projects
Slide 20: Lar España Real Estate SOCIMI, S.A. (LRE) – May, 2016
Lar España Real Estate SOCIMI, S.A. (LRE) – May, 2016
Lar España Real Estate SOCIMI — Q1 2016 Earnings Presentation on 6ix