Helios Re Socimi, S.a. · BME:SCHLR
Helios Re Socimi — Lar España Real Estate SOCIMI — FY2014 Earnings Presentation
12 slides from Helios Re Socimi's earnings presentation, March 2015
Slide 1: 2014 Full Year Financial Results
2014 Full Year Financial Results March, 2015 www.larespana.es Lar España Real Estate SOCIMI, S.A. (LRE) – March, 2015 1
Slide 2: Summary
Summary 1. Consolidated P&L (IFRS) 2. Consolidated Balance Sheet: Assets (IFRS) 3. Consolidated Balance Sheet: Equity and Liabilities (IFRS) 4. Financial Indicators as of December 31 2014 5. Proposed Profit Distribution (Spanish GAAP) 6. Asset Valuation as of December 31 2014 7. Other topics to disc
Slide 3: 1. Consolidated P&L (IFRS)
2014 FY Financial Results - Lar España Real Estate Lar España listed on 5th march 2014 1. Consolidated P&L (IFRS) Consolidated Income Statement 2014 • Revenues: Includes the rents generated / accrued from March 2014 to December 2014 at 13 assets in our Revenues 8,606 portfolio (everything except Por
Slide 4: 2. Consolidated Balance Sheet: Assets (IFRS)
2014 FY Financial Results - Lar España Real Estate 2. Consolidated Balance Sheet: Assets (IFRS) Consolidated Balance Sheet • Non-Current Assets: ! ASSETS December 31 2014 ! Investment properties: are classified under non- current assets at a fair value of €357.9m. They Investment properties 357,994
Slide 5: 3. Consolidated Balance Sheet: Equity and Liabilities (IFRS)
2014 FY Financial Results - Lar España Real Estate 3. Consolidated Balance Sheet: Equity and Liabilities (IFRS) Consolidated Balance Sheet !! • Share Capital LIABILITIES AND EQUITY December 31 2014 ! Other Reserves: This item primarily includes costs Share capital 80,060 related to the IPO (€9.5m).
Slide 6: 4. Financial Indicators as of December 31 2014
2014 FY Financial Results – Lar España Real Estate 4. Financial Indicators as of December 31 2014 FINANCIAL INDICATORS December 31 2014 Working Capital 52,380 Liquidity Ratio 11.8 Solvency Ratio 1.1 EPRA NAV 389,962 EPRA NAV per share (€) €9.87 Leverage ** 16.6% (*) All figures expressed in Thousand
Slide 7: 5. Proposed Profit Distribution (Spanish GAAP)
2014 FY Financial Results – Lar España Real Estate 5. Proposed Profit Distribution (Spanish GAAP) Proposed Profit Distribution 2014 Net Profit (Individual P&L) 1,664 Dividends 1,331 Legal Reserve (10%) 166 Voluntary Reserve 167 Dividend per Share €0.033 (*) All figures expressed in thousands of Euro
Slide 8: 6. Asset Valuation as of December 31 2014
2014 FY Financial Results – Lar España Real Estate 6. Asset Valuation as of December 31 2014 *Net Market Value/ Dif. Net Market Value/ % Net Market Value/ Purchase Price Fair Value Purchase Price Purchase Price** Shopping Centres €206.9m €210.7m €3.8m +1.8% Offices €120.8m €122.9m €2.1m +1.7% Logist
Slide 9: 7. Other topics to discuss
2014 FY Financial Results - Lar España Real Estate 7. Other topics to discuss Highlights 1 • December: 4 Office and Retail investments for €106m Latest deals • January 2015: 1 Residential investment for €60m. • Total Invested to date: €458.7m in a diversified asset portfolio in accordance Investment
Slide 10: Annexes - Company Structure as of December 31 2014
2014 FY Financial Results - Annexes Lar España Real Estate Annexes - Company Structure as of December 31 2014 100% LW Alovera I (August 100% Lar España Inversión 100% 2014) SC Logística, S. A. Alovera II (October Legend AnecBlau (July 2014) 2014) SC Albacenter SC Shopping Centre SC 100% Lar España S
Slide 11: Disclaimer
Disclaimer • The information included in this presentation has been drafted by Grupo Lar Inversiones Inmobiliarias, S.A. (“Grupo Lar”) for informational use only, to assist investors in deciding whether they wish to proceed with a further investigation of the company named Lar España Real Estate SOC
Slide 12: Lar España Real Estate SOCIMI, S.A. (LRE) – March, 2015
Lar España Real Estate SOCIMI, S.A. (LRE) – March, 2015 12
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