Castellana Properties Socimi Sa · BME:YCPS
Castellana Properties Socimi Sa — Investor Presentation (March 2025)
16 slides from Castellana Properties Socimi Sa's investor presentation, Mar 31, 2025
Slide 1: Pre-Close Presentation FY25
PRE-CLOSE PRESENTATION FY25 31 March 2025 1
Slide 2: Agenda
Agenda 1. Introduction 2. Overview and trading update 3. Capital allocation and guidance 2
Slide 3: 01 Introduction
01 Introduction 3
Slide 4: A transformative year
01 INTRODUCTION PRE-CLOSE 31 MARCH 2025 A transformative year ▪ Exited our listed share exposure in: • Lar España - generating a profit of €82 million and an IRR in excess of 40% ▪ Lar España sale proceeds together with proceeds from September 2024 and capital raise, allowed us to: • Acquire three a
Slide 5: 02 Overview and trading update
02 Overview and trading update 5
Slide 6: Spain trading environment
02 CASTELLANA PROPERTIES PRE-CLOSE 31 MARCH 2025 Spain trading environment Spain’s economy continues to demonstrate strength, with solid growth across all key indicators Spanish economy grew by 3.2% in 2024 inflation closed at 2.8% According to the EPA (Active 2024, exceeding forecasts of 1.4%. (est
Slide 7: Portugal trading environment
02 CASTELLANA PROPERTIES PRE-CLOSE 31 MARCH 2025 Portugal trading environment The Portuguese economy remains stable, with good prospects According to BPI Research*, the Inflation slowed to 2.5% in January, The unemployment rate for 2024 was Portuguese economy surprised on with forecasts averaging at
Slide 8: Spain footfall and sales index
02 CASTELLANA PROPERTIES PRE-CLOSE 31 MARCH 2025 Spain footfall and sales index Sales and footfall numbers continue to achieve record levels FOOTFALL & SALES MONTHLY VARIATION 9,2% 10% FOOTFALL: 8% 6,9% 9,0% ▪ The Spanish portfolio reached a record of 46.5 million visits in 2024, representing an inc
Slide 9: Portugal footfall and sales index
02 CASTELLANA PROPERTIES PRE-CLOSE 31 MARCH 2025 Portugal footfall and sales index Sales and footfall trending positively across the Portuguese portfolio FOOTFALL & SALES MONTHLY VARIATION 15% 11,8% FOOTFALL: 10,1% 9,6% 8,5% ▪ Number of visits for the portfolio increased by 3.0% 10% 8,3% 8,4% during
Slide 10: Spain sales performance per tenant category
02 CASTELLANA PROPERTIES PRE-CLOSE 31 MARCH 2025 Spain sales performance per tenant category Sales continue to grow consistently in all categories € MILLION 250 7.5% 200 3.3% 150 2024 LfL Sales 2023 LfL Sales 100 6.0% 7.3% 50 0.1% 4.7% 4.2% 8.6% -9.1% 0 Homeware Fashion Food & Beverage Health & Beau
Slide 11: Portugal sales performance per tenant category
02 CASTELLANA PROPERTIES PRE-CLOSE 31 MARCH 2025 Portugal sales performance per tenant category Constant growth across categories € MILLION 160 5% 140 120 100 80 12% 2024 2023 60 9% 7% 5% 40 5% 20 1% 2% 16% 0 Fashion Other Retail Food & Beverage Services Homeware Health & Beauty Leisure & Adventure
Slide 12: Spain operating metrics & leasing activity
02 CASTELLANA PROPERTIES PRE-CLOSE 31 MARCH 2025 Spain operating metrics & leasing activity Outstanding metrics including exceptional rental increases, KEY KPI’S YTD 28th OF FEBRUARY 2025 collections and occupancy levels PORTFOLIO OCCUPANCY (iii) 31 JANUARY 2025 98.2% 158 R €10.9 million LEASES SIGN
Slide 13: Portugal operating metrics & leasing activity
02 CASTELLANA PROPERTIES PRE-CLOSE 31 MARCH 2025 Portugal operating metrics & leasing activity Positive metrics with steady growth across all levels (i) KEY KPI’S YTD 31st OF JANUARY 2025 (iv) 70 R €2.7 million PORTFOLIO OCCUPANCY LEASES SIGNED NEW RENT SIGNED 31 JANUARY 2025 97.9% 47 23 €1.9 millio
Slide 14: 03 Capital allocation and Guidance
03 Capital allocation and Guidance 14
Slide 15: Capital allocation
03 CAPITAL ALLOCATION AND GUIDANCE PRE-CLOSE 31 MARCH 2025 Capital allocation ▪ Acquired three assets in Portugal in October 2024 for c.€176.5 million (i) at a yield of 9.27% and with a 38% LTV will generate a cash-on-cash return of c.10.3% (ii) in Year 1 ▪ Acquired 50% of Alegro Sintra in December
Slide 16: Outlook and Guidance
03 CAPITAL ALLOCATION AND GUIDANCE PRE-CLOSE 31 MARCH 2025 Outlook and Guidance ▪ With the Asset Base increasing by c.60% to €1.6 billion we feel it is best to allow time for the team to focus on integration, optimisation and crystallising value from these assets ▪ As such, we will not be actively c
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