Helios Re Socimi, S.a. · BME:SCHLR
Helios Re Socimi — Lar España Real Estate SOCIMI — 9M 2023 Earnings Presentation
24 slides from Helios Re Socimi's earnings presentation, Nov 24, 2023
Slide 1: 9M 2023 Business Update
9M 2023 BUSINESS UPDATE 24th November 2023
Slide 2: Presenting Team
Presenting Team Jon Armentia Hernán San Pedro Corporate Director and CFO Investor Relations and Corporate of Lar España Communication Director of Lar España 2
Slide 3: Index
Index 1 2 3 Operating, financial and ESG Closing Highlights information Remarks BBB 3 9M 2023 BUSINESS UPDATE
Slide 4: Highlights
The REIT for the new retail w€9rld Highlights
Slide 5: Our strategy continues delivering good results
9M 2023 BUSINESS UPDATE Our strategy continues delivering good results 12 D O M I N A N T EXCELLENT PERFECT MIX APPROPIATE ACTIVE OF RETAILERS EFFORT RATE ASSETS MANAGEMENT 90% TIER 1 9.9%1 POSITIVE MORE THAN RENTS GROWING 2.3X REDUCING OUTLOOK FOR €749.4 Mn S A L E S2 GRI +12.6% vs 9M 22 NET PROFIT
Slide 6: Operating, financial and ESG information
2 Operating, financial and ESG information
Slide 7: Leasing activity 9M 2023
9M 2023 BUSINESS UPDATE Leasing activity 9M 2023 EFFORT RATE GLA ROTATED NEGOTIATED RENT UPLIFT RENTS 9.9%1 33,031 sqm €9.2 Mn +7.5%2 134 31 91 12 Operations Relettings Renewals New lettings 1 Including expenses 2 Excluding 8 non-comparable operations and in addition to the indexation of contracts.
Slide 8: Retailers and costumers are in good health
9M 2023 BUSINESS UPDATE Retailers and costumers are in good health Average Evolution of declared sales vs same period of the previous year growth by Sales 9M 20231: €749.4 Mn quarter +18.0% 40% 38.0% 29.2% 30% 24.3% 24.1% 21.3% 20% 16.0% 13.9% 7.2% 7.9% 7.5% 8.7% 10% 0% Q1 2021 1H 2021 9M 2021 FY 20
Slide 9: And we have shown resiliency over the years
9M 2023 BUSINESS UPDATE And we have shown resiliency over the years Evolution of Net Profit quarter by quarter1 Net profit 9M 20231: €62.5 Mn Million Euros 40 32 30 20 13 13 15 15 10 7 8 7 5 7 7 0 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Evolution of NT
Slide 10: Sales by activity: growing in almost every segment
9M 2023 BUSINESS UPDATE Sales by activity: growing in almost every segment Sales 9M 20231: €749.4Mn +8.7% vs 9M 2022 FOOD CULTURE, TECH LEISURE AND HOME FASHION AND MULTIMEDIA ENTERTAINMENT +8.1% vs 9M 2022 +9.2% vs 9M 2022 +17.3% vs 9M 2022 = vs 9M 2022 +7.4% vs 9M 2022 DINING HEALTH AND SERVICES S
Slide 11: Operating results in 9M 2023
9M 2023 BUSINESS UPDATE Operating results in 9M 2023 Results GRI NOI EBITDA NET PROFIT EPRA EARNINGS €72.2 Mn €64.5 Mn €49.6 Mn €62.5 Mn1 €61.4 Mn +12.6% vs 9M 2022 +16.6% vs 9M 2022 Ordinary EPRA earnings +14.5% vs LfL 9M 2022 +18.9% vs LfL 9M 2022 +14.0% vs 9M 2022 2.3X vs 9M 2022 €41.0 Mn Assets
Slide 12: Financial profile & cash position
9M 2023 BUSINESS UPDATE Financial profile & cash position BBB 1 NET FINANCIAL DEBT 2 NET LTV 3 AVERAGE COST OF DEBT €417.5 Mn 31.2% 1.78% 4 AVERAGE DEBT MATIRUTY 5 FIXED RATE AND UNENCUMBERED 6 GREEN DEBT 4.0 years 100% 100% Financial , operating and ESG 12 information
Slide 13: From the very beginning, we have been pursuing a successful asset rotation policy
9M 2023 BUSINESS UPDATE From the very beginning, we have been pursuing a successful asset rotation policy ALBACENTER DIVESTMENTS ÁNECBLAU 5.5% EGEO Average VILLAVERDE Exit Yield TXINGUDI MARCELO ALOVERA I&II NUEVO ALISAL AS TERMAS PARQUE PALMAS CHESTE ESPINOLA GUADALAJARA GALARIA ALTAS LOGÍSTICA NOR
Slide 14: …which we have confirmed once again
9M 2023 RESULTS PRESENTATION …which we have confirmed once again €129.1 +24.0% GLA Revaluation 33,763 sqm Mn since Sale Price acquisition WAULT 2.8 years Occupancy 97.9% 6.3% VISTAHERMOSA Exit Yield1 GLA 36,447 sqm The 50% of the net WAULT operation 2.3 years gains of the was carried divestments out
Slide 15: Once again we are expecting one of the highest dividends in our history
9M 2023 BUSINESS UPDATE Once again we are expecting one of the highest dividends in our history Since our foundation, we CAGR have distributed 2014-2022 a total of 57.81%1 >€325 Mn 14.2% € 0.80 ps Div Yield1 € 0.49 ps €75.0 Mn € 0.63 ps € 0.60 ps € 0.33 ps €55.0 Mn € 0.31 ps € 0.36 ps €50.0Mn €45.0
Slide 16: And the value of our activity is being recognized in our share price
9M 2023 BUSINESS UPDATE And the value of our activity is being recognized in our share price Share price 30th September Share price 23rd November €5.5 €5.7 35.1% 31.1% Financial , operating and ESG 16 information
Slide 17: P&L 9M 2023
9M 2023 BUSINESS UPDATE P&L 9M 2023 9M 2023 9M 2022 Consolidated Income Statement 9M 2023 (€ Million) Total Total % Growth Revenues 69.5 61.8 +12.5% Other Income 2.7 2.3 Total Income 72.2 64.1 +12.6% +14.5% LfL Personnel expenses (0.6) (0.7) Other expenses (21.9) (19.9) Changes in the fair value of
Slide 18: We continue with our focus on ESG
9M 2023 BUSINESS UPDATE We continue with our focus on ESG Carbon footprint Climate Risks 2022 carbon footprint registry conducted one more year at MITERD. This process Lar España has joined the initiative. The company has been working on quantifying once again received independent verification of it
Slide 19: We continue applying the best practices in environment
9M 2023 BUSINESS UPDATE We continue applying the best practices in environment GHG Emissions Electricity Consumption Water Consumption Scope 1 Electricity consumption Water consumption -16.1% vs 9M 2022 -7.9% vs 9M 2022 -3.1% vs 9M 2022 Intensity of electricity consumption Intensity of water consump
Slide 20: And also in social and governance
9M 2023 BUSINESS UPDATE And also in social and governance Best corporate governance practices MSCI/Green bond Accessibility Sustainable Mobility Tender just launched for the BBB1 4 additional assets awarded in 2023 selection of the company's new with Universal Accessibility External Accounts Auditor
Slide 21: Closing Remarks
_——_ Pi... The REIT for the new retail w€9rld Closing Remarks
Slide 22: In summary: another quarter of strong results
9M 2023 BUSINESS UPDATE In summary: another quarter of strong results GROWING SOLID OPERATING MAJOR INCREASE IN RENTS RESULTS PROFIT GRI +12.6% vs 9M 2022 NOI +18.9% vs LfL 9M 2022 Net profit1 2.3X vs 9M 2022 GRI +14.5% vs LfL 9M 2022 MODERATE DEBT IMPROVEMENT IN POSITIVE OUTLOOK LEVEL EPRA FIGURES
Slide 23: Disclaimer
Disclaimer This document has been prepared by Lar España Real Estate SOCIMI, S.A. (the “Company”) for information purposes only and the information included in this document is not regulated information or information which has been subject to prior registration with, or control by, the Spanish Nati
Slide 24: www.larespana.com
The REIT for thenew retail w €9rld www.larespana.com
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