Premia Real Estate Investment Company Societe Anomyme · ATHEX:PREMIA
Premia Real Estate Investment Company Societe Anomyme — Premia Properties — Investor Presentation (April 2025)
31 slides from Premia Real Estate Investment Company Societe Anomyme's investor presentation, April 2025
Slide 1: Investors meeting April 2025
Investors meeting| April 2025
Slide 2: Presentation team
Presentation team Kostas Markazos Nikolaos Baziotis Constantin Pechlivanidis Pantelis Voutirakis CEO CFO/CIO Chief Property Investment FP&A Manager Officer 2
Slide 3: Agenda
Agenda 1 The story so far 2 FY 2024 Review 3 Portfolio & Projects 4 Prospects 3
Slide 4: Agenda: The story so far
Agenda 1 The story so far 2 FY 2024 Review 3 Portfolio & Projects 4 Prospects 4
Slide 5: Premia is a fast-growing and dynamic real estate company
Premia is a fast-growing and dynamic real estate company Total investments in € mn 498 16X 307 273 199 106 31 2019 2020 2021 2022 2023 2024 Properties under 5 17 27 50 51 61 management GBA (000’ m2) 61 155 261 369 384 471 5
Slide 6: We benefit from strong & strategically invested key shareholders
We benefit from strong & strategically invested key shareholders Successful sponsor with proven ability to create value Sterner Stenhus Greece AB (“SSG") is the largest shareholder of PREMIA, holding a 38.11% stake. Shareholding structure SSG is 100% subsidiary of Sterner Stenhus Holding AB (“SSH”),
Slide 7: Premia is trading broadly in line with domestic peers, still below European average
Premia is trading broadly in line with domestic peers, still below European average European REITs & Greek Peers P/NAV evolution IR Activity 10% • Share buyback program in progress • 61,904 treasury stock as of 31.12.24 0% • 1,563,177 treasury stock were utilized in -10% Dec. 2024 for the hotels tra
Slide 8: Agenda: FY 2024 Review
Agenda 1 The story so far 2 FY 2024 Review 3 Portfolio & Projects 4 Prospects 8
Slide 9: 2024: A year of intense activity, achieving our €500m investments target
2024: A year of intense activity, achieving our € 500m investments target • Completion of major projects: Piraeus 180, Xanthi (student housing) and transactions (Skyline) • Inaugural investment in hospitality through the acquisition of 2 hotels in Crete and Rhodes Investments • New investments in lo
Slide 10: FY 2024: Defined by strong performance and a robust Balance Sheet
FY 2024: Defined by strong performance and a robust Balance Sheet OPERATING PERFORMANCE GROWTH & PORTFOLIO EXPANSION ○ TOTAL REVENUE ○ RENTAL GROWTH ○ LIKE-FOR-LIKE ○ TOTAL INVESTMENTS (INC. CASH) + 14.9% yoy €22.4m + 23.8% yoy + 6.0% yoy €517.8m €350.7m + €2.9m yoy ○ ADJUSTED EBITDA ○ PROPERTIES ○
Slide 11: We actively manage the capital structure, maintaining a disciplined debt profile
We actively manage the capital structure, maintaining a disciplined debt profile Interest rate risk exposure DISCIPLINED CAPITAL MANAGEMENT ○ GROSS DEBT ○ NET DEBT ○ DEBT MATURITY Floating 39% €310.3m €288.4m 7.9 years Fixed 61% Weighted average ○ COST OF DEBT ○ UNENCUMBERED ASSETS Debt maturity pro
Slide 12: Strong & consistently improving financial performance
Strong & consistently improving financial performance Revenue Adjusted EBITDA* € mn € mn +18% 22.4 +18% 14.1 yoy yoy 19.0 12.0 +26% +61% 15.1 yoy yoy +58% yoy 7.5 +100% +459% 9.5 yoy yoy +697% yoy 3.7 0.5 1.7 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Profit Afte
Slide 13: FY2025: Step-change in revenues and operating profitability
FY2025: Step-change in revenues and operating profitability (in € mn) FY 2023 (ACT) FY 2024 (ACT) FY 2025 (F) Total revenue 19.0 +18% 22.4 > +50% 34-35 Adjusted EBITDA 12.0 +18% 14.1 > +55% 22-23 Positive drivers Risks Full-year contribution of major investments such as the IAPR offices, hotels an
Slide 14: Agenda: Portfolio & Projects
Agenda 1 The story so far 2 FY 2024 Review 3 Portfolio & Projects 4 Prospects 14
Slide 15: We actively manage a well-diversified portfolio with prime assets
We actively manage a well-diversified portfolio with prime assets, ... 61 assets 471k sqm (GBA) Logistics & Warehouses 12 213 Retail & Big Boxes 6 9 Serviced apartments & Student housing 7 20 Schools 11 60 Offices 2 64 Industrial & Wineries 16 38 Hotels 2 67 Land plots 5 - 15
Slide 16: ...AAA tenants and excellent KPIs.
...AAA tenants and excellent KPIs. 16
Slide 17: We integrate ESG into all activities
We integrate ESG into all activities ENVIRONMENT SOCIAL GOVERNANCE ✓ Donation to Society ✓ Inclusion in Indices ✓ Green Certifications o Participated for the second o Support services (i.e., medical) and consecutive year in the Athens Stock 59k sqm office complex certified LEED key infrastructure (i
Slide 18: Significant transactions and developments completed in 2024 (1/2)
Significant transactions and developments completed in 2024 (1/2) PROJECTS PROPERTY TRANSACTIONS Piraeus 180 office Student apartments Sunwing hotels Logistics (Aspropyrgos) Construction and development of LEED Construction and development of student 4-star beachfront hotel resorts High quality ware
Slide 19: Significant transactions and developments completed in 2024 (2/2)
Significant transactions and developments completed in 2024 (2/2) JV PARTICIPATIONS DISPOSALS Skyline Renti Katerini Santorini One of the largest real estate portfolio Acquisition of Village Shopping & More at transactions in Greece Disposal of Big-box supermarket Disposal of winery Renti P&E Invest
Slide 20: 2025 completed projects
2025 completed projects PROPERTY TRANSACTIONS PROJECT Semeli winery Thessaloniki office Pikermi office Acquisition of leading winery Acquisition of leased office property Redevelopment of old office complex Acquisition of a winery with 10 suites, a Acquisition of an office building located Redevelop
Slide 21: Ongoing projects
Ongoing projects ` Kalamaria office Public school Student apartments Navarino winery Redevelopment of 5 buildings to modern JV with TEMES for the construction of a Office building redevelopments Newly build public school complex student housing modern winery Redevelopment of old office building Newl
Slide 22: Agenda: Prospects
Agenda 1 The story so far 2 FY 2024 Review 3 Portfolio & Projects 4 Prospects 22
Slide 23: Greek economy on the recovery path despite challenges
Greek economy on the recovery path despite challenges Real GDP growth (%) Unemployment rate Greece EU average 17.6% 17.0% 8.4% 14.8% 5.9% 5.6% 3.6% 12.3% 2.1% 2.2% 2.2% 11.0% 1.9% 2.0% 0.6% 1.6% 2.0% 1.8% 1.5% 1.6% 10.7% 10.1% 1.0% 9.5% 9.0% -5.8% -9.2% 2019 2020 2021 2022 2023 2024 2025 2026 2027 2
Slide 24: Favorable Greek real estate market fundamentals
Favorable Greek real estate market fundamentals Despite the apparent yield compression in the past 10 years, the spread vs European prime yields, both in logistics and office markets, remains attractive. Transaction volumes continue an upward trend in 2024. Logistics yields & rents evolution Office
Slide 25: We are committed to sustaining consistent growth and performance in the long-term
We are committed to sustaining consistent growth and performance in the long-term PREMIA today PREMIA going forward We are a differentiated proposition vs other Greek REICs, with a We aim to continue our growth trajectory, creating value clear strategy and a proven track record through profitable in
Slide 26: Appendix
Appendix 26
Slide 27: Consolidated income statement - IFRS
Consolidated income statement - IFRS Consolidated Income Statement amounts in € (000s) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Total revenue 1,705 9,521 15,079 18,993 22,354 Direct Property expenses -375 -3,465 -3,922 -5,256 -6,044 General & Admin expenses -892 -3,003 -4,165 -3,621 -4,239 Other Inco
Slide 28: Consolidated balance sheet - IFRS
Consolidated balance sheet - IFRS Consolidated Balance Sheet amounts in € FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Assets Total Investments 106,304 198,870 272,602 307,188 497,859 Goodwill 0 4,411 0 0 0 PPE, intangible and other assets 176 1,858 2,249 1,691 2,294 Total non-current assets 106,480 205,
Slide 29: Consolidated cash flow - IFRS
Consolidated cash flow- IFRS Consolidated Cash flow amounts in € FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Operating cash flow Profit before tax 1,383 9,570 16,238 8,690 42,824 Depreciation 92 281 251 293 723 Result from investing activity -1,657 -7,107 -16,944 -2,307 -23,002 Working capital 3,614 2,4
Slide 30: Important Notice and Disclaimer of Liability
Important Notice and Disclaimer of Liability THIS DOCUMENT MAY ONLY BE USED IN CONJUNCTION WITH AND SUBJECT TO THE TERMS OF THIS NOTICE & DISCLAIMER OF LIABILITY THIS PRESENTATION DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER FOR SALE OR SOLICITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR ANY SECURITI
Slide 31: PREMIA Properties
PREMIA Properties
Premia Properties — Investor Presentation (April 2025) on 6ix