Ascencio Sa · EURONEXT:ASCE
Ascencio Sa — Degroof Petercam Investor Group Call (June 2021)
23 slides from Ascencio Sa's conference presentation, Jun 24, 2021
Slide 1: Degroof Petercam Investor Group Call - 24 June 2021
DEGROOF PETERCAM Investor Group Call - 24 June 2021
Slide 2: Agenda
Agenda 1— 2— 3— Who we are Portfolio Financial Performance 2
Slide 3: 1. Who we are
1.Who we are 3 Casino – Le Rouret (France)
Slide 4: An investor in out-of-town retail
AN INVESTOR IN OUT-OF-TOWN RETAIL A HYBRID PORTFOLIO — Supermarkets (40% rental revenue) — Retail parks Bellefleur Retail Park (Belgium) 4
Slide 5: Supermarkets and retail parks
SUPERMARKETS (40% rental revenue) RETAIL PARKS STRATEGIC LOCATIONS OPEN AIR RETAIL MIX GOOD RENTAL TO MEETING CONSUMERS’ SHOPPING REVENUE RATIO FOR PRIMARY NEEDS RETAILERS LIMITED IMPACT GOOD CONVERSION ACCESSIBILITY AND SIZE AND FLEXIBILITY OF E-COMMERCE RATE AMPLE FREE PARKING OF RETAIL SPACES 5
Slide 6: Active in Belgium, France & Spain
ACTIVE IN BELGIUM, FRANCE & SPAIN 452,913 m2 96% occupancy rate (at 31/03/2021) 6
Slide 7: 2. Portfolio
2.Portfolio 7 Parc des Drapeaux – Caen (France)
Slide 8: Complementarity of sectors, tenants, geographical spread
COMPLEMENTARITY OF SECTORS TENANTS GEOGRAPHICAL SPREAD 8
Slide 9: Growth of the portfolio
GROWTH OF THE PORTFOLIO 700 600 lo} le} va) 400 300 200 100 ie} LZ/EO/LE 07/60 61/60 81/60 L£L/60 91/60 SL/60 DL/60 €L/60 TL/60 LL/60 01/60 60/60 80/60 20/60 £0/ZO Odl @ France @ Spain @ Belgium
Slide 10: Key figures
KEY FIGURES 31/03/2021 30/09/2020 30/09/2019 Total lettable area 452.913 m² 443.336 m² 409.157 m² Fair Value 698.895 KEUR 690.066 KEUR 622.894 KEUR Investment Value 726.908 KEUR 719.429 KEUR 646.172 KEUR Gross yield 6,39% 6,56% 6,57% Average rent per m² 107 EUR 109 EUR 107 EUR Occupancy rate 96,02%
Slide 11: Evolution of occupancy rate
EVOLUTION OF OCCUPANCY RATE 11
Slide 12: Latest acquisitions & developments
Couillet – LATEST ACQUISITIONS Supermarket + 4 units & DEVELOPMENTS Jemappes - Auto5 885 m2 Châtelineau – Cultura 1.625 m2 Chalon-sur-Saone Maisons-du-Monde 1.500 m2 12
Slide 13: Impact of the coronavirus crisis
IMPACT OF THE CORONAVIRUS CRISIS CLOSURE OF SHOPS Partial cancellation of rents for INDIVIDUAL DIALOGUE WITH EACH (NON-FOOD) RETAILER highly impacted retailers • 1,64 million EUR on FY 2019/2020 IMPORTANCE OF THE OMNICANALITY (=3,7% rental income) • 0,67 million EUR on 1st half FY 2020/2021 (=2,9%
Slide 14: 3. Financial Performance
3.Financial Performance 14
Slide 15: Consolidated results
CONSOLIDATED RESULTS — Rental income : up by 9,1% (before corona impact) — EPRA Earnings : up by 4,4% — Impact covid-19 : 2,9% of rental income* CONSOLIDATED RESULTS (000 EUR) 31/03/2021 31/03/2020 30/09/2020 RENTAL INCOME 23.146 21.213 44.555 Write-downs on trade receivables 4 -74 -584 CONSOLIDATED
Slide 16: Consolidated balance sheet
CONSOLIDATED BALANCE SHEET CONSOLIDATED BALANCE SHEET (€000s) 31/03/2021 30/09/2020 ASSETS 721.089 713.716 Investment properties 705.822 697.639 Other non-current assets 2.240 1.506 Assets held for sale 0 0 Trade receivables 2.729 7.441 Cash and cash equivalents 2.618 4.710 Other current assets 7.68
Slide 17: Financing – key figures
FINANCING – KEY FIGURES Interest Cover Ratio (ICR) : 6,0 Debt ratio : Average Cost of 50,0% Debt : 1,85% Hedge Ratio : 83,70% >70% until 30/09/25 17
Slide 18: Debt structure
DEBT STRUCTURE 31/03/2021 30/09/2020 Financial debts (IFRS 16 exc): Financial debts (IFRS 16 exc): 343.706 € 329.027 € 18
Slide 19: Hedging policy
HEDGING POLICY 100% 80% 60% 40% 20% 16% | 3% = 81% @ Hedged - Fixed rate a © = Ke) eS Sept - 20 March - 21 Sept-21 19% 16% 0% 3% | a% 78% 424% @ Hedged - CAP Sept-22 Sept- 23 25% | O% 85% 75% @ Non hedged 30% 45% 0% 0% 70% 55% March - 24 Sept-25 Sept - 26 Sept-27 61% O% 39% 19
Slide 20: Data per share
DATA PER SHARE 31/03/2021 30/09/2020 30/09/2019 Number of shares 6.595.985 6.595.985 6.595.985 NAV IFRS € 52,18 € 52,93 € 55,05 NAV EPRA €53,62 € 54,95 € 57,13 EPRA Earnings per share € 2,31 € 4,46 € 4,34 Gross Dividend - € 3,65 € 3,50 31/03/2021 30/09/2020 30/09/2019 Share price € 47,35 € 41,80 € 5
Slide 21: Contacts
Contacts Vincent H. Querton Aurore Anbergen Valentin Lebrun CEO Head of IR, Financial Controller +32 71 91 95 00 Marketing & Communication +32 71 91 95 00 vincent.querton@ascencio.be +32 71 91 95 23 valentin.lebrun@ascencio.be aurore.anbergen@ascencio.be 21
Slide 22: Disclaimer
Disclaimer This presentation has been made only to inform financial analysts or qualified investors. Therefore, it must not be considered as an incentive to invest or as an offer to acquire Ascencio shares under any laws of European countries of the USA or Canada. Moreover, this presentation contain
Slide 23: Ascencio contact details
Ascencio Avenue Jean Mermoz, ¼ 6041 Gosselies - info@ascencio.be +32 (0) 71 91 95 00 www.ascencio.be
Ascencio — Degroof Petercam Investor Group Call (June 2021) on 6ix