Renta Corporacion Real Estate, S.a. · BME:REN
Renta Corporacion Real Estate — FY2019 Earnings Presentation
28 slides from Renta Corporacion Real Estate's earnings presentation, 2020
Slide 1: Renta Corporacion
a Renta Corporacion
Slide 2: Contents
ANNUAL PRESENTATION OF RESULTS 2019 Contents 1. Executive summary 2. Description of the Group 3. Business performance and results 4. Information on the Group's outlook 5. Shareholder structure and stock market performance APPENDICES APPENDIX 1: Significant transactions in 2019 APPENDIX 2: Inventorie
Slide 3: 1. Executive summary
ANNUAL PRESENTATION OF RESULTS 2019 1. Executive summary MAIN AGGREGATES OF THE GROUP REVENUE OPERATING EBITDA MARGIN €M €M €M -1% vs. 18 +12% vs. 18 +7% vs. ‘18 DEBT ASA % PORTFOLIO ROE OF ASSETS 0) 59 41% | 2113 | 25% €M +13 pp vs. ‘18 +58 %vs. 18 -6pp vs. ‘18 TRANSACTIONAL BUSINESS REAL ESTATE SA
Slide 4: Gran Vía de les Corts Catalanes, Barcelona; Monterols, Barcelona
• Gran Vía de les Corts Catalanes, Barcelona • • • • • Monterols, Barcelona • • • • • •
Slide 5: 2. Description of the Group
ANNUAL PRESENTATION OF RESULTS 2019 2. Description of the Group 2.1 Introduction to the Group 2. DESCRIPTION OF THE GROUP Renta Corporacion is a Group witha high differential component within the real estate industry in Spain, with more than 25 years of experience. It has developed its business mode
Slide 6: Alcalá, Madrid; Fernando VII, Madrid; Passatge de la Pau, Barcelona
Alcalá, Madrid Fernando VII, Madrid Passatge de la Pau, Barcelona
Slide 7: 2.3 Asset management business
ANNUAL PRESENTATION OF RESULTS 2019 2. DESCRIPTION OF THE GROUP 2.3 Asset management business “REIT management” line of business In 2017 Renta Corporacién started a new line of business focused on the creation and management of real estate portfolios that led to the creation, together with the pensi
Slide 8: 3. Business performance and results
ANNUAL PRESENTATION OF RESULTS 2019 3. BUSINESS PERFORMANCE AND RESULTS 3. Business performance and results 3.1 Consolidated statement of profit or loss (EUR M) 2019-2018 _-% change Transactional business revenue 713 78.6 Asset management business revenue 14.7 13.8 REVENUE 92.0 92.4 -1% Transactiona
Slide 9: 3. Business performance and results
ANNUAL PRESENTATION OF RESULTS 2019 3. BUSINESS PERFORMANCE AND RESULTS Although revenue from real estate sales dropped by EUR 5.2 million with respect to 2018, real estate project management revenue was almost twice the figure for the same period of 2018, standing at EUR 8.4 million, due mainly to
Slide 10: Equivalent business volume in 2019
ANNUAL PRESENTATION OF RESULTS 2019 EQUIVALENT BUSINESS VOLUME IN 2019 €92.0M 40 Asset business revenue € 14.7 M ronane Equivalent business volume ") (Transactional business) Transactional revenue Real estate €77.3M project management 29% Equivalent 2019 Re business estd I Realestate sales sales {Re
Slide 11: Margins by business line
ANNUAL PRESENTATION OF RESULTS 2019 “Real estate sales” margin The margin of the “real estate sales” business line, understood to be sales less direct costs to sell, amounted to EUR 12.8 million, in line with the EUR 12.7 million obtained in 2018. “Real estate project management” margin The margin o
Slide 12: Pelai-Tallers, Barcelona; Passatge de la Pau, Barcelona
• • Pelai-Tallers, Barcelona Passatge de la Pau, Barcelona
Slide 13: 3.2 Consolidated balance sheet
ANNUAL PRESENTATION OF RESULTS 2019 3. BUSINESS PERFORMANCE AND RESULTS 3.2 Consolidated balance sheet 3.2.1 Assets Assets (M€) Dec-19 Dec-18 Change Non-current assets 17 0.3 14 Other non-current assets 71.6 58.7 12.9 Non-current assets 73.3 59.0 14.3 Inventories 88.3 S74 $0.9 Accounts receivable 10
Slide 14: Provença-Rosselló, Barcelona
Provença-Rosselló, Barcelona
Slide 15: Strategic business
ANNUAL PRESENTATION OF RESULTS 2019 STRATEGIC BUSINESS PORTFOLIO (€M) 7 Commercial ect 16% INVENTORIES (€M) Residential 41% i F 1 1 1 1 | Strategic I €70.2M 62,9 ' ' PORTFOLIO Dessssssssssn5- mre €83.0M Non-strategic 18,1 re €18.1M yee Offices 2019 ae 39% €8, I Inventories: Canoves land yee ~ Hotel
Slide 16: Accounts receivable
ANNUAL PRESENTATION OF RESULTS 2019 3. BUSINESS PERFORMANCE AND RESULTS Accounts receivable (EUR M) Dec-19 Dec-18 Change Trade receivables and notes receivable 7A] 11 6.0 Tax receivables 11 2.2 -11 Other receivables 25 27 -0.2 Total receivables 10.7 6.0 47 At2019 year-end the balance of accounts rec
Slide 17: 3.2.2 Liabilities
ANNUAL PRESENTATION OF RESULTS 2019 3.2.2 Liabilities Equity + liabilities (EUR M) 3. BUSINESS PERFORMANCE AND RESULTS Dec-19 Dec-18 Change Equity 75.8 61.5 14.3 Liabilities Non-current financial debt 39.5 $8.9 0.6 Other non-current payables 48 34 14 Non-current liabilities 44.3 42.3 2.0 Current fin
Slide 18: Financial debt by type and repayment schedule
ANNUAL PRESENTATION OF RESULTS 2019 3. BUSINESS PERFORMANCE AND RESULTS FINANCIAL DEBT BY TYPE AND CLASSIFICATION DEC-19 (EUR M) Non current Current Total Mortgage debt 61 29.5 35.6 Other payables 16.2 17.8 34.0 Participating debt 17.2 0.1 7.3 Total Financial Debt 39.5 414 86.9 (- ) Cash and financi
Slide 19: Other non-current payables
ANNUAL PRESENTATION OF RESULTS 2019 3. BUSINESS PERFORMANCE AND RESULTS Other non-current payables At 31 December 2019, Renta Corporacion recognised “Other Non-Current Payables” totalling EUR 4.8 million. This balance is broken down as follows: (Mé€) Dec-19 Dec-18 Change Non-current payables (insolv
Slide 20: Cash flow performance
ANNUAL PRESENTATION OF RESULTS 2019 Cash flow performance The Company generated profit from operations of EUR 18.5 million, which was used for the following: EUR 7.5 million investment in the REIT. Change in working capital and other operating cash flows of EUR 42.1 million, mainly for the purchase
Slide 21: 4. Information on the outlook for the Group
ANNUAL PRESENTATION OF RESULTS 2019 4. INFORMATION ON THE OUTLOOK FOR THE GROUP 4. Information on the outlook for the Group Macro environment - Main aggregates GDP in Spain increased by 2.0% in 2019, representing a decrease of four points compared to the growth experienced in 2018. The slowdown in g
Slide 22: Diagonal, Barcelona; Monterols, Barcelona
Diagonal, Barcelona Monterols, Barcelona
Slide 23: 5. Shareholder structure and stock market performance
ANNUAL PRESENTATION OF RESULTS 2019 5. SHAREHOLDER STRUCTURE AND STOCK MARKET PERFORMANCE 5. Shareholder structure and stock market performance The share market price at 2019 year-end was EUR 3.15 per share, 1% lower than the price of EUR 3.19 per share at 2018 year-end. At the end of 2019, market c
Slide 24: Appendix 1: Significant transactions in 2019
ANNUAL PRESENTATION OF RESULTS 2019 APPENDIX 1: SIGNIFICANT TRANSACTIONS IN 2019 Appendix 1: Significant transactions in 2019 Transactional business TREBALL Barcelona ¢ Project: Design of industrial and logistics project Surface area: 13,286 n? CORAZON DE MARIA Madrid e Project: Lease management. Pi
Slide 25: Asset business
ANNUAL PRESENTATION OF RESULTS 2019 Asset business HERMOSILLA Madrid ¢ Housing units: 78 ° Surface area: 7,150 n? AVDA SAN LUIS Madrid | ¢ Housing units:146 Surface area: 12,531 n? PADILLA Madrid ¢ Housing units: 38 * Surface area: 2,347 mn? ATOCHA Madrid ¢ Housing units: 47 Surface area: 2,549 n? a
Slide 26: Appendix 2: Significant inventories in progress at end of 2019
ANNUAL PRESENTATION OF RESULTS 2019 APPENDIX 2: SIGNIFICANT INVENTORIES IN PROGRESS AT END OF 2019 Appendix 2: Significant inventories in progress at end of 2019 BADAJOZ Barcelona ¢ Project: Development rR. . of office building Surface area: 2,340 m? J ato he a/g + 541b/g — i. — = 4 ll EMBAJADORES M
Slide 27: Appendix 3: Glossary
ANNUAL PRESENTATION OF RESULTS 2019 APPENDIX 3: GLOSSARY Appendix 3: Glossary Business portfolio Investment rights plus strategic stocks (for sale) Financial debt Bank borrowings under non-current liabilities + current bank borrowings (long and short term) under current liabilities + other current f
Slide 28: Office addresses
Via Augusta 252-260, 5? planta Velazquez, 51, 1° izq. e C | | Renta 08017 Barcelona 28001 Madrid Corporacion Tel: 434) 934 949 670 Tel: 434) 915 750 462
Renta Corporacion Real Estate — FY2019 Earnings Presentation on 6ix