Galil Capital RE Spain SA · BME:SCGCS

Galil Capital RE Spain SA — Galil Capital RE Spain SOCIMI — Investor Presentation (October 2026)

45 slides from Galil Capital RE Spain SA's investor presentation, Oct 22, 2026

  1. Slide 1: Otra Información Relevante - Galil Capital RE Spain

    GALIL CAPITAL RE SPAIN, SOCIMI, S.A. 22 de octubre de 2026 En virtud de lo previsto en el artículo 17 del Reglamento (UE) nº 596/2014 sobre abuso de mercado y en el artículo 227 de la Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversión, y disposiciones concordantes

  2. Slide 2: Galil Capital RE Spain SOCIMI, S.A.

    Galil Capital RE Spain SOCIMI, S.A. www.galilcapital.es Jerry Mandel +972-52-5499999 22 October 2026 jerrym@galilcapital.com 1

  3. Slide 3: Disclaimer - Future Looking Statement

    Disclaimer - Future Looking Statement Certain information set forth in this presentation contains “forward-looking information”, including “future oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements)

  4. Slide 4: Table of Contents

    Table of Contents 1. Highlights 2. Overview of GCRE Spain 3. Industrial Property – Exit 4. Regulatory Environment 5. GCRE Sold Properties 6. GCRE Debt Position as of 30 June 2026 7. Rent Income Analysis 8. Financial Statements Review 9. Cash Distributions to Shareholders 3

  5. Slide 5: Highlights

    Highlights 4

  6. Slide 6: Highlights

    Highlights Sale of Properties In Q2-2026, Galil RE Naquera completed the division horizontal of its industrial property, dividing it into 4 individual entities, and on 15&16 July 2026, the company sold all its properties in 2 transactions for an aggregate sale price of EUR18,041,000, realizing a cap

  7. Slide 7: Highlights

    Highlights Debt GCRE and Galil RE Naquera fully repaid the mortgages of its sold units and the PPL. In March 2026, GCRE fully repaid the mortgage on Escorial 9, and took a new mortgage on 5 individual units at Unio 28, Barcelona. This was done in order to facilitate the division horizontal of Escori

  8. Slide 8: GCRE: H1-2026 Highlights – Cont'd

    GCRE: H1-2026 Highlights – Cont’d Regulatory • Rent Control on ordinary leases (7 years) – in place in Catalunya environment in Catalunya affects the • Temporada Regulations – Rent control similar to ordinary leases – residential real estate applied since January 2026 market in Barcelona • ITP (purc

  9. Slide 9: GCRE: H1-2026 Highlights – Cont'd

    GCRE: H1-2026 Highlights – Cont’d Division Horizontal • GCRE completed* the process of division horizontal (condo conversion) of all its residential buildings in Barcelona, and its industrial property in Naquera. • Division horizontal allows GCRE to sell individual properties and maximize sale proce

  10. Slide 10: Overview of GCRE Spain

    Galil Capital Overview of GCRE Spain

  11. Slide 11: Galil Capital RE Spain SOCIMI, S.A. (GCRE)

    Galil Capital RE Spain SOCIMI, S.A. (“GCRE”) Overview of GCRE Residential Portfolio: • GCRE Owns units in 7 residential buildings (6 in Barcelona and 1 in Madrid) • 5 buildings in Barcelona and 1 building in Madrid – partially owned (selling individual units) • 1 building in Barcelona owned 100% (Un

  12. Slide 12: Overview of GCRE – Sold in July 2026

    Galil Capital RE Spain SOCIMI, S.A. (“GCRE”) Overview of GCRE (Cont’d) SOLD IN JULY 2026 Industrial Property  GCRE, via a wholly owned subsidiary, GALIL RE NAQUERA 1 S.L.U. (“GALIL NAQUERA”), owned an industrial complex in Valencia.  The industrial property was comprised of 5 separate modules with

  13. Slide 13: GCRE Structure

    GCRE Structure* Galil Capital RE Spain SOCIMI (GCRE) 100% owned Galil RE Naquera 1 PPL** S.L.U. (Galil Investor Naquera) 50% participation 1 2 3 4 5 1*** 6 7 Units in 7 Residential 1 Industrial Property, owned via SPV. buildings, owned directly PPL Investor benefits from 50% by GCRE participation *

  14. Slide 14: Owned Residential Properties

    Galil Capital RE Spain SOCIMI, S.A. (“GCRE”) * Owned Residential Properties # of Date Built Area (M2) Number of Number of Properties Purchased - Catastro Viviendas Locales (1) Barcelona Unio 28 (100% owned, DIVISION HORIZONTAL) (Total 16 units in 16 05-May-16 1,787 12 4 building) Corsega 689 - DIVIS

  15. Slide 15: Industrial Property – Exit

    Industrial Property – Exit 14

  16. Slide 16: Galil RE Naquera 1, S.L. (Galil Naquera)

    Galil RE Naquera 1, S.L. (“Galil Naquera”) GCRE, via a wholly owned subsidiary, GALIL RE NAQUERA 1 S.L.U. (“GALIL NAQUERA”), owned an industrial property in Naquera (Valencia). Purchased in April 2021 for a purchase price of EUR9,000,000 + closing costs. GALIL NAQUERA received a participating loan (

  17. Slide 17: Regulatory Environment

    6 Galil Capital Regulatory Environment

  18. Slide 18: Regulatory Environment in Catalunya (Barcelona)

    Regulatory Environment in Catalunya (Barcelona)* Decreto Ley 5/2025  Effective from 27 March 2025 in Catalunya. Limited impact on most  ITP (purchase tax of residential properties went up from 10%- Home Buyers (apartments’ 11% to 10%-13%. Unchanged for residential properties sold for value up to E

  19. Slide 19: Regulatory Environment in Catalunya – Rent Control

    Regulatory Environment in Catalunya (Barcelona)* Rent Control – in place in Catalunya Temporada Regulations On December 31, 2025, Law 11/2025 of December 29, on housing and urban planning measures, was published in the Official Gazette of the Government of Catalonia (DOGC). It had been approved on D

  20. Slide 20: Regulatory Environment in Spain – Royal Decree-Law 8/2026

    Regulatory Environment in Spain (Barcelona)* Royal Decree-Law 8/2026 On April 28, 2026, the Spanish Congress did not approve Royal Decree-Law 8/2026. This law had introduced (i) an extraordinary extension of up to two years for certain residential lease contracts and (ii) a temporary 2% cap on annua

  21. Slide 21: Regulatory Environment in Spain – Royal Decree-Law 29/2026

    Regulatory Environment in Spain * Royal Decree-Law 29/2026 Royal Decree-Law 29/2026, introducing significant changes to Spain's residential real estate market, particularly affecting landlords, institutional investors, SOCIMIs (Spanish REITs), and tenants. The decree entered into force on October 8,

  22. Slide 22: Royal Decree-Law 29/2026 – Cont'd

    Regulatory Environment in Spain * Royal Decree-Law 29/2026 – Cont’d Restrictions on Expenses Charged to Tenants Already in place in Barcelona. Tenants' Preferential Purchase Rights Residential tenants have a preferential right to purchase their rented property when the landlord decides to sell. Tena

  23. Slide 23: GCRE Sold Properties

    Galil Capital GCRE Sold Properties

  24. Slide 24: GCRE Sold Residential Properties

    GCRE Sold Residential Properties 2026 YTD* Sold Properties  In 2026 YTD, GCRE sold 6 individual units (3 units sold in H1-2026) and signed ARRAS contracts to sell 6 individual units (8 in Barcelona and 4 in Madrid) for an aggregate sale price of EUR3,820,000. The aggregate sale prices of these unit

  25. Slide 25: GCRE Sold Properties

    GCRE Sold Properties FY2024 Sold Properties  In FY2024, GCRE sold 12 individual units (11 units in Granada 12, Madrid, and 1 unit in Corsega 689, Barcelona) for an aggregate sale price of EUR2,982,000.  Book Value of 2024 sold properties – EUR 1,956,399  Gross Capital Gain from 2024 sold properti

  26. Slide 26: GCRE Sold Properties – Cont'd

    GCRE Sold Properties – Cont’d FY2022 Sold Properties:  On 20 December 2022, GCRE completed the sale of 3 buildings (2 buildings in Barcelona and 1 building in Madrid) for aggregate sale price of EUR 18,296,600:  Breton de Los Herreros 14-16, Barcelona  Aulestia I Pijoan 4-6, Barcelona  Bejar 23,

  27. Slide 27: GCRE Sold Properties – Cont'd

    GCRE Sold Properties – Cont’d Year Aggregate Aggregate BV Sale Price Sale Price Aggregate Sale Price Sale Price over RICS over RICS Sale Price over BV over BV (%) RICs Value Value Value (%) FY2022 € 21,531,250 € 14,195,232 € 7,336,018 51.7% € 19,661,823 € 1,869,427 9.5% FY2023 € 1,871,000 € 1,320,93

  28. Slide 28: GCRE Sold Properties

    GCRE Sold Properties Significant difference in sale prices between Madrid and Barcelona, due to Catalunya Regulations*  Based on actual sales of GCRE in H1-2025  Comparing sale price per M2 of individual residential units  Units with similar characteristics (location, size, age of building, etc..

  29. Slide 29: GCRE Debt Position as of 30 June 2026

    GCRE Debt Position as of 30 June 2026 28

  30. Slide 30: GCRE Debt Position - Update

    GCRE Debt Position - Update  GCRE fully repaid the mortgages underlying the 2022-2025 and 2026 YTD* sold properties.  In March 2026, GCRE fully repaid the mortgage it had on Escorial 9 in the amount of EUR1,203,431, in order to facilitate the division horizontal of this building.  In March 2026,

  31. Slide 31: GCRE Debt Position As of 30 June 2026

    GCRE Debt Position As of 30 June 2026 Financial Maturity Date Original Principal Contractual Building Interest Rate Principal Amount as of (as of 19 OCT Institution Amount 30-JUNE-2026 2026) Bankinter 06-Mar-37 € 2,926,000 € 296,052 2.95% Granada 12 Abanca 28-Apr-36 € 2,100,000 € 1,450,798 Euribor +

  32. Slide 32: Rent Income Analysis

    6 Galil Capital Rent Income Analysis

  33. Slide 33: H1-2026 Rent Income

    12% H1-2026 Rent Income Owned Properties Date H1-2025 H1-2026 FY2026/ Comments Purchased Rent Income Rent Income FY2025 Barcelona Unio 28 (100%) 05-May-16 € 91,901 € 98,837 7.5% 2 furnished units leased for TEMPORADA Corsega 689 - DIVISION HORIZONTAL 2-Feb-17 € 52,324 € 51,224 -2.1% 3 units sold in

  34. Slide 34: Financial Statements Review

    Financial Statements Review 33

  35. Slide 35: 30 June 2026 Consolidated Financial Statements (IFRS)

    30 June 2026 Consolidated Financial Statements (IFRS) We publish our consolidated H1 and annual consolidated accounts in accordance to IFRS guidelines. In addition, we also publish our individual annual accounts in accordance to Spanish GAAP which are mandatory by Spain Tax Authorities. Spanish GAAP

  36. Slide 36: 30 June 2026 Consolidated Financial Statements (IFRS)

    30 June 2026 Consolidated Financial Statements (IFRS) English Translation for Convenience Purposes FMV of Properties is based on RICs Valuations from 31 DEC 2025 35

  37. Slide 37: Balance Sheet – Assets – IFRS

    30 June 2026 Consolidated Financial Statements (IFRS) English Translation for Convenience Purposes Balance Sheet – Assets – IFRS (Expressed in Euros) Investment Property at FMV (RICs). Naquera Assets Notes 30/06/2026 31/12/2025 property and 9 Non- current units classified as Property, plant and equi

  38. Slide 38: Balance Sheet - Equity and Liabilities – IFRS

    30 June 2026 Consolidated Financial Statements (IFRS) English Translation for Convenience Purposes Balance Sheet - Equity and Liabilities – IFRS (Expressed in Euros) Equity and liabilities Notes 30/06/2026 31/12/2025 Equity 7 Share capital 5,066,588 5,066,588 Equity Capital Share premium 13,703 13,7

  39. Slide 39: Income Statement – IFRS

    30 June 2026 Consolidated Financial Statements (IFRS) English Translation for Convenience Purposes Income Statement – IFRS (Expressed in Euros) Continuing activities Notes 30/06/2026 30/06/2025 Rent Income Gross rental income 3y9 1,124,960 1,132,870 (-0.7%) Other income 469 201 Change in fair value

  40. Slide 40: NAV (IFRS) per Share Analysis

    NAV (IFRS) per Share Analysis 39

  41. Slide 41: NAV (IFRS) per Share Analysis

    NAV (IFRS) per Share Analysis Equity Capital Share Issue Date Number of Shares Share Price Raised Comments (Pre-Listing - approx 39% in 28-Sep-17 2,079,986 € 10.00 € 20,799,860 FY2016 and 27% in FY2017) 14-Feb-19 658,710 € 12.00 € 7,904,520 Public Rights Offering (34%) Totals (other than average sha

  42. Slide 42: NAV (IFRS) per Share Analysis

    NAV (IFRS) per Share Analysis 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 31-Dec-24 31-Dec-25 30-Jun-26 NAV (IFRS) € 39,168,463 € 44,439,688 € 45,334,846 € 33,825,019 € 33,999,255 € 34,599,697 € 33,178,564 Number of Shares Outstanding 2,738,696 2,738,696 2,738,696 2,738,696 2,738,696 2,738,696 2,738,696

  43. Slide 43: Cash Distributions to Shareholders

    Cash Distributions to Shareholders 42

  44. Slide 44: Cash Distributions to Shareholders

    Cash Distributions to Shareholders* Date Total Cash Cash / Share % of Dividend Issued Reserva Total Cash Distributed WASPP Premium Voluntaria Distribution 02-Mar-23 € 2,005,719 € 0.740000 6.99% € 0.74000 € - € - € 2,005,719 23-Mar-23 € 1,303,717 € 0.481000 4.54% € - € 0.4810 € - € 1,303,717 22-Jun-2

  45. Slide 45: Thank You

    Galil Capital Thank You

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