Castellana Properties SOCIMI SA · BME:YCPS
Castellana Properties SOCIMI SA — Investor Presentation (March 2019)
19 slides from Castellana Properties SOCIMI SA's investor presentation, Mar 11, 2019
Slide 1: Hecho Relevante – Madrid, 11 de marzo de 2019
Madrid, 11 de marzo de 2019 CASTELLANA PROPERTIES SOCIMI, S.A. (la "Sociedad" o “Castellana”), en virtud de lo previsto en el artículo 17 del Reglamento (UE) nº 596/2014 sobre abuso de mercado y en el artículo 228 del texto refundido de la Ley de Mercado de Valores, aprobado por el Real Decreto Legi
Slide 2: Spanish Market Quick Overview
SPANISH MARKET QUICK OVERVIEW March 2019
Slide 3: Quick Overview
RETAIL MARKET OVERVIEW JANUARY 2019 2 QUICK OVERVIEW KEY PORTFOLIO METRICS TOP 10 TENANTS BY CONTRACTUAL RENT GAV (€M) 898M MEDIA MARKT 4.5% ZARA 4.2% ASSETS 19 BRICOR 3.6% GLA (m2) 318k 3.1% CARREFOUR AVE. ASSET VALUE (€M) 47M AKI 2.9% VACANCY 1.80% SPRINTER 2.4% NATIONAL TENANTS 93% MERCADONA 2.2%
Slide 4: Spain Portfolio Profile
RETAIL MARKET OVERVIEW JANUARY 2019 3 SPAIN PORTFOLIO PROFILE 9 4% 1 El Faro 10 Marismas de Polvorín 2 Bahía Sur 11 Edificio Alcobendas 4 11% 3 Los Arcos 12 Mérida 4 Vallsur 13 Villanueva 11 7 5 Habaneras 14 Pinatar Park 8% 17 16 23% 6 Granaita SC 15 Motril 12 10% 7 Parque Oeste de Alcorcón 16 Mejos
Slide 5: Top Assets 1/3
RETAIL MARKET OVERVIEW JANUARY 2019 4 TOP 10 ASSETS 1/3 EL FARO BAHÍA SUR LOS ARCOS GAV €161.5M €119.5M €114.3M PROVINCE Badajoz Cadiz Seville GROSS LETTABLE AREA 43 423m² 24 760m² 17 906m² MONTHLY RENTAL €16.70/m² €24.72/m² €32.28/m² SECTOR Shopping Centre Shopping Centre Shopping Centre WALE 3.9 y
Slide 6: Top Assets 2/3
RETAIL MARKET OVERVIEW JANUARY 2019 5 TOP 10 ASSETS 2/3 VALLSUR HABANERAS GRANAITA SC GAV €85.2M €85.2M €59.8M PROVINCE Valladolid Alicante Granada GROSS LETTABLE AREA 35 211m² 24 158m² 27 913m² MONTHLY RENTAL €14.71/m² €17.80/m² €10.70/m² SECTOR Shopping Centre Shopping Centre Retail Park WALE 10.1
Slide 7: Top Assets 3/3
RETAIL MARKET OVERVIEW JANUARY 2019 6 TOP 10 ASSETS 3/3 PARQUE OESTE ALCORCON(1) GRANAITA RETAIL PARK PARQUE PRINCIPADO MARISMAS DEL POLVORIN GAV €52.7M €34.1M €32.8M €29.1M PROVINCE Madrid Granada Asturias Huelva GROSS LETTABLE AREA 13 604m² 18 508m² 16 396m² 20 000m² MONTHLY RENTAL €15.69/m² €9.24
Slide 8: Sales & E-Commerce
RETAIL MARKET OVERVIEW JANUARY 2019 7 SALES & E-COMMERCE *SPANISH SALES PER ACTIVITY IN SCs (1) **SPANISH E-COMMERCE / RETAIL CATEGORIES (2) FASHION 0.1% Only 4.8% of total sales transactions are done online in -0.8% Spain (vs 9% average across EU) 1.5% ACCESSORIES 1.1% 1.4% Pure retail (excluding e
Slide 9: Retailers Landscape Spanish Market
RETAILERS LANDSCAPE SPANISH MARKET March 2019
Slide 10: Food Category
RETAIL MARKET OVERVIEW JANUARY 2019 9 FOOD CATEGORY Discount supermarkets (Mercadona, Aldi, Lidl) growing faster than rest of market as consumers are MERCADONA HAS UPGRADED THEIR STORES IN more cost sensitive HUELVA, VILLANUEVA AND MERIDA – CURRENTLY UPGRADING STORE AT GRANADA Discount retailers sav
Slide 11: Beauty & Health Category
RETAIL MARKET OVERVIEW JANUARY 2019 10 BEAUTY & HEALTH CATEGORY Although hard hit by the crisis, health & beauty sector is showing strong signs of recovery Rising incomes of female and adult consumers have led to sales growth for H&B retailers Many new brands have entered the market with in-shop pri
Slide 12: Cinema Category
RETAIL MARKET OVERVIEW JANUARY 2019 11 CINEMA CATEGORY *MARKET SHARE IN SPAIN **TOP RETAILERS BY GLA FOR CPS Strong and resilient cinema-going culture in Spain CINESA 36% 12.1 million visits to the cinema in December YELMO CINES 25% (highest single month figures in 9 years) YELMO 1 (100%) 2,282 m2 C
Slide 13: Fashion & Accessories Category
RETAIL MARKET OVERVIEW JANUARY 2019 12 FASHION & ACCESSORIES CATEGORY TOP FASHION BRANDS WISH TO EXPAND THEIR STORES IN LOS Fast fashion enable consumers to purchase the same amount of clothing at the same or lower price ARCOS, BAHIA SUR AND HABANERAS Climate change is affecting retailers ability to
Slide 14: DIY Category
RETAIL MARKET OVERVIEW JANUARY 2019 13 DIY CATEGORY Iberian DIY sector continues to grow apace. Forecasted to reach 4.68 billion in sales in 2018 (+5.8% from 2017) Leroy Merlin/AKI merger will consolidate into a large player Bricodepot has announced that they are exiting the Spanish market *MARKET S
Slide 15: Food & Beverage
RETAIL MARKET OVERVIEW JANUARY 2019 14 FOOD & BEVERAGE *MARKET SHARE IN SPAIN **TOP RETAILERS BY GLA FOR CPS Spaniards expend the highest MC DONALD’S 18% BURGER KING 9 (26%) 5,616 m2 portion of their budget on eating BURGER KING 11% FOSTER HOLLYWOOD 6 (9%) 2,038 m2 out in Europe. FOSTER’S HOLLYWOOD
Slide 16: Electronics Category
RETAIL MARKET OVERVIEW JANUARY 2019 15 ELECTRONICS CATEGORY AM TEAM HAS SUCCESSFULLY RESIZED Top electronics retailers highly focused on omnichannel strategies (online & physical stores) ELECTRONICS STORES AND RE-LET TO Physical premises act as a point of sale, showroom and click and collect ADDITIO
Slide 17: Sporting Goods Category
RETAIL MARKET OVERVIEW JANUARY 2019 16 SPORTING GOODS CATEGORY Sportswear trend is gaining strength driven by trends towards healthy living and less formal attire. Sports goods grew by 5% in 2018, up to 5.1 billion Sector has benefitted from changing fashion trends towards more comfortable and casua
Slide 18: Key Strategic Objectives of Repositioning Projects and Asset Management Initiatives
RETAIL MARKET OVERVIEW JANUARY 2019 17 KEY STRATEGIC OBJECTIVES OF REPOSITIONING PROJECTS AND ASSET MANAGEMENT INITIATIVES CREATE ONE-STOP QUALITY VALUE-ADD ACCRETIVE EXPERIENCES SHOPPING NODE ENHANCEMENT PROJECTS ACQUISITIONS Improvement of leisure offering Creation of single shopping Each ca
Slide 19: Castellana Properties SOCIMI S.A.
—™ CASTELLANA PROPERTIES SOCIMI S.A. SPAIN. REAL ESTATE. REAL GROWTH. www.castellanasocimi.es
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