Logistic Properties Of The Americas · AMEX:LPA
Logistic Properties Of The Americas — Q3 2024 Earnings Presentation
20 slides from Logistic Properties Of The Americas's earnings presentation, Nov 13, 2024
Slide 1: Investor Presentation Third Quarter 2024
Investor Presentation Third Quarter 2024
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation”) is provided for informational purposes only and has been prepared to provide interested parties with certain information about Logistic Properties of the Americas and its subsidiaries (collectively, “LPA”) and for no other purpose. This Presentation
Slide 3: Developer, owner, manager and acquirer of logistic real estate
3 Development and construction(2) of properties in the land bank DEVELOPER Asset ownership on a long-term basis OWNER Leasing and management(3) of assets MANAGER Logistic Properties of the Americas is a leading developer, owner, acquirer and manager of logistic and industrial real estate of internat
Slide 4: Portfolio by city: Lima, Bogota, San Jose
4 LIMA, PERU Operating GLA (sqft) Development GLA (sqft) Land Reserves (acres)(6) 1,350,084 166,410 40.5 BOGOTA, COLOMBIA Operating GLA (sqft) Development GLA (sqft) Land Reserves (acres)(6) 1,255,404 - 50.6 SAN JOSE, COSTA RICA Operating GLA (sqft) Development GLA (sqft) Land Reserves (acres)(6) 2,
Slide 5: LPA Develops Facilities to meet U.S. Institutional Standards: Interiors
5 Natural Light Fire Protection System: NFPA Clear Height: 39 ft Floor Capacity: 0.5-0.7 Tons/sqft LPA Develops Facilities to meet U.S. Institutional Standards Facility Specs Interiors Distance between Columns: optimized
Slide 6: LPA Develops Facilities to meet U.S. Institutional Standards: Exteriors
6 Container Parking Platforms: 1 per 5,059 sqft Shared Maneuvering Yards: 187 ft Exclusive Maneuvering Yard: 125 ft LPA Develops Facilities to meet U.S. Institutional Standards Facility Specs Exteriors
Slide 7: E-commerce is a Resilient Driver of Demand
7 4.3 5.6 2023 2027E CAGR 23-27E: 1 1% 133 146 163 182 204 2023 2024E 2025E 2026E 2027E 0.6 1.0 2023 2027E 11% E-commerce is a Resilient Driver of Demand E-commerce requires ~3.0x the logistical space as compared to traditional retail logistics operations. E-commerce will continue to drive significa
Slide 8: Proven Track Record of Performance and Growth
8 Colombia Proven Track Record of Performance and Growth Net Operating Income Growth Date as of September 30, 2024 (1) 2021 – 2024 (Annualized) Operating Portfolio GLA Growth Adjusted EBITDA US$ in thousands Sq Ft in thousands CAGR(1): 14.8% US$ in thousands CAGR(1): 19.8% CAGR(1): 17.0% 3,388 4,038
Slide 9: Coveted Tenant Relationships
9 Coveted Tenant Relationships LPA’s differentiated Class A product and geographic diversification make it the ideal partner to large multinationals and respected regional / local players Logistic Services Consumer Goods and Distribution Retailer (including E-Commerce) Manufacturing and Other
Slide 10: Customer Concentration and Lease Expiration Analysis
10 81.6% 18.4%18.4% 19.7%56.6% 5.3%19.6% 37.2% 27.5% 15.7% Operations Customer Concentration and Lease Expiration Analysis Lease Breakdown as Measured by Total Portfolio NER Customer Type Contractual Rent Increases Amount of Leases by Currency As of September 30, 2024 Top 10 Customers as % of Net Ef
Slide 11: Solid Operating Performance
11 10.2 11.5 10.4 10.9 11.2 8.7 10.4 8.9 9.2 9.6 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Rental Revenues and Net Operating Income Continues to Grow as positive annual changes in leases and increase in GLA Cash Same Properties NOI Growth Driven by Rent Growth and Free Rent Period Burning Out Solid Op
Slide 12: Operating and Development Portfolio Metrics
12 90% 10% 878 1,090 Data as of September 30, 2024 Organic Growth of up to ~2.0 million additional square feet through the Development of our Land Portfolio 5,122 sq ft 166 sq ft 1,968 sq ft 7,256 sq ft Operating Portfolio Dev. Portfolio Land bank and Expansion Land (1) (square feet in thousands) Op
Slide 13: Capitalization: Debt Summary and Metrics
13 Capitalization Debt Summary and Metrics Debt Summary Debt Metrics As of September 30, 2024 (1) Net Debt related multiples are calculated using the annualized Adjusted EBITDA and quarter-to-date NOI in their respective calculations Debt by Currency 84.3% 15.7% USD COP Fixed vs Floating Rate Debt 6
Slide 14: Strong Focus on Sustainability
14 Strong Focus on Sustainability We believe our ESG commitment is institutionalized in LPA’s corporate culture Social Governance Warehouses comply with highest standards of efficiency and environmental sustainability by means of EDGE certification – EDGE certification (sponsored by the IFC and Worl
Slide 15: Appendix
15LPA Coyol 1 Logistic Park, Costa Rica Appendix
Slide 16: Management team
16 Strong Focus on Sustainability She CEO and CFO have a combined track record of 30+ years and are complemented by local managers with deep knowledge of their respective markets Country Manager, Costa Rica Luis Conejo • 5 years with LPA • Previously Client Relationship Manager at Vivicon • 15+ year
Slide 17: As a Corporate Entity, LPA Offers a Differentiated Value Proposition
17 As a Corporate Entity, LPA Offers a Differentiated Value Proposition Notes: (1) Assets Under Management Corporate Entity REIT Investment Focus • Focused on industrial real estate assets – Participate in the whole value chain with Development capabilities + Asset valuation + Asset Management • Rul
Slide 18: Definitions
18 Definitions Please refer to LPA financial statements as prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board and filed with the Security and Exchange Commission (“SEC”) and other public reports for further infor
Slide 19: Definitions
19 Definitions Return on Cost This is calculated on development properties as Stabilized rental revenue divided by TEI. Same-Property Our Same-Property metrics are non-IFRS financial measures, which are commonly used in the real estate industry and expected from the financial community, on both a ne
Slide 20: iL LPA
iL LPA www.|pamericas.com
Logistic Properties of the Americas — Q3 2024 Earnings Presentation on 6ix