Castellana Properties Socimi Sa · BME:YCPS
Castellana Properties Socimi Sa — H1 FY2023 Earnings Presentation
28 slides from Castellana Properties Socimi Sa's earnings presentation, November 2022
Slide 1: H1FY23 Financial Results Presentation
H1FY23 April 2022 – September 2022 FINANCIAL RESULTS PRESENTATION
Slide 2: Key Highlights
KEY HIGHLIGHTS ▪ HIGHLIGHTS ▪ MAIN KPI’s PERFORMANCE 2
Slide 3: Highlights
KEY HIGHLIGHTS / RESULTS PRESENTATION HIGHLIGHTS FINANCIAL OPERATIONAL VALUE PERFORMANCE PERFORMANCE CREATION ▪ GAV of €1.105 million at September 2022 including ▪ Capex investments of c. €3.5 million in H1FY23 in ▪ Increased stake in LAR España to 25,7% improving Lar España stake acquisition (Like-
Slide 4: Main KPI's Performance
KEY HIGHLIGHTS / RESULTS PRESENTATION MAIN KPI’s PERFORMANCE 16 350,085sqm 7.5% 98.4% 12.1 years 99.0% OPERATIONAL ASSETS GLA NOI OCCUPANCY WAULT RENT LIKE-FOR-LIKE COLLECTION GROWTH(1) € 31.2m € 26.4m € 483m 2.85% 43.70% 0.115€/share GRI(2) NET PROFIT(3) NET DEBT(4) ALL-IN COST NET LTV(5) INTERIM D
Slide 5: Operational Highlights
OPERATIONAL HIGHLIGHTS ▪ FOOTFALL & SALES RECOVERY ▪ SALES PERFORMANCE PER TENANT CATEGORY ▪ REPOSITIONING PROJECTS ACCOMPLISHMENT AND AWARDED ▪ LAR ESPAÑA STAKE 5
Slide 6: Footfall & Sales Recovery
OPERATIONAL HIGHLIGHTS / RESULTS PRESENTATION FOOTFALL & SALES RECOVERY FOOTFALL(1) AND SALES (1) CONTINUE TO OUTPERFORM NATIONAL BENCHMARKS AND EXCEED 2019 LEVELS 1ST WAVE 2ND WAVE 3RD WAVE 4TH WAVE 5TH WAVE 6TH WAVE UKRANIAN WAR TOTAL PORTFOLIO SALES 140% 18 GROWTH 12.1% VS 2019 16 120% 14 100% ▪
Slide 7: Sales Performance per Tenant Category
OPERATIONAL HIGHLIGHTS / RESULTS PRESENTATION SALES PERFORMANCE PER TENANT CATEGORY PORTFOLIO KEY CATEGORIES OUTPERFORMING INDEX DESPITE MACRO CHALLENGES DIY (4%) (1) PETS (3%) (1) 200% 220% 209.6% 202.2% 190% 186.0% 194.3% 198.3% 180.8% 200% 180% 171.1% 169.6% 180% 165.8% 167.7% 166.3% 168.0% 170%
Slide 8: Repositioning Projects Accomplishment and Awarded
OPERATIONAL HIGHLIGHTS / RESULTS PRESENTATION REPOSITIONING PROJECTS ACCOMPLISHMENT AND AWARDED SUCCESSFUL ASSET REPOSITIONING AND ENHANCEMENT TO BOOST VALUE CREATION AND RECURRENT RENT GENERATION PROJECTS AWARDED BY THE SPANISH SHOPPING CENTRE ASSOCIATION (AECC) IN JUNE 2022: > “AWARD FOR BEST SMAL
Slide 9: Increased Stake in Lar España to 25.7%
OPERATIONAL HIGHLIGHTS / RESULTS PRESENTATION CASTELLANA TAKES ADVANTAGE OF PREVAILING DISCOUNT TO NTA TO INCREASE ITS STAKE IN LAR ESPAÑA TO 25.7% GOOD SET OF OPERATIONAL AND FINANCIAL RESULTS BY LAR ESPAÑA CONFIRM THE RECOVERY OF THE RETAIL SECTOR FROM THE PANDEMIC. INVESTMENT IN LAR ESPAÑA RESULT
Slide 10: H1FY23 Financial Results
H1FY23 FINANCIAL RESULTS ▪ CONSOLIDATED INCOME STATEMENT ▪ FINANCIAL DEBT POSITION ▪ GRI BRIDGE AND BREAKDOWN ▪ GAV BRIDGE AND BREAKDOWN 10
Slide 11: Consolidated Income Statement
H1FY23 FINANCIAL RESULTS / RESULTS PRESENTATION CONSOLIDATED INCOME STATEMENT CASTELLANA PROPERTIES CONTINUE TO DELIVER MARKET- LEADING OPERATIONAL RESULTS AND POSTS NET PROFIT OF €26.4 MILLION FINANCIAL PERFORMANCE € thousand H1FY22 H1FY23 ▪ Total recorded Group GRI stands at €31.2 million. On a Li
Slide 12: Financial Debt Position
H1FY23 FINANCIAL RESULTS / RESULTS PRESENTATION FINANCIAL DEBT POSITION € million 31/03/2022 30/09/2022 Gross Asset Value (GAV)(1) 1,091 1,105 (2) €M 498.1 (0.4) 1.2 498.9 Gross Debt 498.1 498.9 Cash 28.9 16.4 (2)(4) Net Debt 469.4 482.8 Metrics Gross LTV(3) 45.67% 45.17% Nominal Debt Debt amortized
Slide 13: GRI Bridge and Breakdown
H1FY23 FINANCIAL RESULTS / RESULTS PRESENTATION GRI BRIDGE AND BREAKDOWN GRI GROWTH OF 7.6% LIKE-FOR-LIKE VERSUS H1FY22 SHOPPING CENTRES €45m 70% RETAIL PARKS LfL €19m 30% €m GROWTH 7.6%(3) 64 28.3 (0.4) 3.3 31.2 GRI ASSET LIKE-FOR-LIKE GRI ANNUALISED H1FY22(1) DIVESTMENT(2) GROWTH H1FY23 POTENTIAL
Slide 14: GAV Bridge and Breakdown
H1FY23 FINANCIAL RESULTS / RESULTS PRESENTATION GAV BRIDGE AND BREAKDOWN PORTFOLIO VALUE GROWTH OF +1.1% DESPITE +50BPS INCREASE IN DISCOUNT RATES (IRR) HIGHER PROPERTY NOI AND CONSOLIDATION OF INCOME FROM COMPLETED VALUE-ADDED PROJECTS MAIN DRIVER OF GROWTH Revaluation Total GAV investment increase
Slide 15: Value Creation
VALUE CREATION ▪ LEASING ACTIVITY H1FY23 ▪ INNOVATION & DIGITALIZATION ▪ IMPACTING COMMUNITIES ▪ ESG 15 15
Slide 16: Leasing Activity H1FY23
VALUE CREATION / RESULTS PRESENTATION LEASING ACTIVITY H1FY23 CONTINUED STRONG COMMERCIAL PERFORMANCE MAIN BUSINESS KPI´S PORTFOLIO FULLY LET 105 €4.6m 30 SEPTEMBER 2022 98.4% LEASES SIGNED NEW RENT SIGNED 31 MARCH 2022 98.4% 56 49 €2.7m €1.9m RENEWALS NEW CONTRACTS RENEWALS NEW CONTRACTS RENT ARREA
Slide 17: Innovation and Digitalization: Customer Centricity
VALUE CREATION / RESULTS PRESENTATION INNOVATION AND DIGITALIZATION: CUSTOMER CENTRICITY IMPROVING SHOPPING EXPERIENCE BASED ON OUR CUSTOMER DEMANDS GOOGLE MY BUSINESS PLATFORM MANAGEMENT SENTIMENTAL ANALYSIS ANALYZING CUSTOMER FEEDBACK ▪ Customer service 24 hours a day, using We are able to extract
Slide 18: Impacting Communities
VALUE CREATION / RESULTS PRESENTATION IMPACTING COMMUNITIES CASTELLANA PROPERTIES ENGAGES ITS CUSTOMERS AND POSITIONS ITS SHOPPING CENTRES AS SOCIAL HUBS WITH INNOVATIVE ROADSHOWS HALLOWEEN ACTIVITIES CARRIED OUT FROM 28TH OCTOBER TO 1ST NOVEMBER ▪ Halloween has recently been established as a popula
Slide 19: ESG
VALUE CREATION / RESULTS PRESENTATION ESG CASTELLANA PROPERTIES AT FULL SPEED IN ESG MATTERS In the first year of reporting on the different indexes and certifications, Castellana Properties has obtained several awards: WORLD’S LEADING CERTIFICATION FOR SUSTAINABLE BUILDINGS. ACTIONS CARRIED OUT 100
Slide 20: Thank You
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Slide 21: Appendix
APPENDIX ▪ OUR PORTFOLIO ▪ TOP 10 ASSETS ▪ ESG STRATEGIC PLAN 21
Slide 22: Our Portfolio
APPENDIX / RESULTS PRESENTATION OUR PORTFOLIO WELL DIVERSIFIED ACROSS SPAIN 1 El Faro 9 4% 2 Bahía Sur 3 Los Arcos 4 Granaita 5 10% 5 Vallsur 6 Habaneras 7 Puerta Europa 8 4% 16 8 Parque Oeste de Alcorcón 15 21% 9 Parque Principado 11 8% 10 Marismas de Polvorín 1 12 11 La Heredad 6 12 La Serena 4% 3
Slide 23: Spanish Portfolio Overview: Top Assets
APPENDIX / RESULTS PRESENTATION SPANISH PORTFOLIO OVERVIEW TOP 10 ASSETS EL FARO BAHÍA SUR LOS ARCOS GRANAITA (1) HABANERAS GAV €172.8m €149.9m €139.2m €106.8m €88.3m Province Badajoz Cádiz Seville Granada Alicante Catchment Area (Inhabitants) 517,491 674,250 1,499,884 628,002 531,670 Gross Lettable
Slide 24: Spanish Portfolio Overview: Top Assets
APPENDIX / RESULTS PRESENTATION SPANISH PORTFOLIO OVERVIEW TOP 10 ASSETS VALLSUR PUERTA EUROPA PARQUE OESTE (1) PARQUE PRINCIPADO MARIS. DEL POLVORÍN GAV €80.8m €74.4m €52.3m €38.1m €28.6m Province Valladolid Cádiz Madrid Oviedo Huelva Catchment Area (Inhabitants) 477,746 311,110 5,856,325 866,511 3
Slide 25: ESG Strategic Plan
APPENDIX / RESULTS PRESENTATION ESG STRATEGIC PLAN The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a shared SUSTAINABLE CITIES AND COMMUNITIES blueprint for peace and prosperity for people and the planet, now Development of this objective im
Slide 26: ESG Assessment Landscape
APPENDIX / RESULTS PRESENTATION ESG ASSESMENT LANDSCAPE SPECIFIC FOCUS HOLISTIC COMPANY SCOPE 50001 14001 ASSETS 26
Slide 27: Disclaimer
RESULTS PRESENTATION DISCLAIMER PURPOSE OF THIS PRESENTATION AND LIABILITY ACCOUNTING STANDARDS APPLIED This document has been prepared by Castellana Properties SOCIMI, S.A. ("Castellana Properties") This document and the information presented herein was prepared by Castellana Properties solely with
Slide 28: Contact
Rubén Darío, 3 28010 Madrid (+34) 91 426 86 86 www.castellanaproperties.es
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