Colonial Sfl Socimi Sa · BME:COL

Colonial Sfl Socimi Sa — Inmobiliaria Colonial, SOCIMI — Merger or Acquisition (May 2024)

22 slides from Colonial Sfl Socimi Sa's merger presentation, May 16, 2024

  1. Slide 1: Colonial Alpha X

    Colonial #1 Alpha X May 16th, 2024 Top 1.5% Global Alpha X | 1

  2. Slide 2: Disclaimer

    DISCLAIMER By attending this presentation and receiving this document, you are agreeing to be bound by the following limitations. Any failure to comply with these restrictions may constitute a violation of applicable securities laws and/or may result in civil, administrative or criminal liabilities.

  3. Slide 3: Agenda

    Agenda 01 Executive Summary 02 Enhanced Capital Structure 03 Transaction Rationale 04 Financial Impacts 05 Conclusion Alpha X | 3

  4. Slide 4: Colonial announces new Alpha Strategies & enhances its Capital Structure

    01 Executive Summary Colonial announces new Alpha Strategies & enhances its Capital Structure I Colonial reinforces its Capital Structure with the entry of CriteriaCaixa as new reference shareholder Capital increase of €622m at a price of €7.1/share pre–dividend with a significant premium on share p

  5. Slide 5: Enhanced Capital Structure

    01 Executive Summary 02 Enhanced Capital Structure 03 Transaction Rationale 04 Financial Impacts 05 Conclusion Alpha X | 5

  6. Slide 6: Colonial reinforces its Capital Structure with CriteriaCaixa as new shareholder

    02 Enhanced Capital Structure 1.I Colonial reinforces its Capital Structure with CriteriaCaixa as new shareholder I a Capital increase of more than €620m at a price of €7.1/share pre- NTA 12/23 (€m) dividend with a significant premium on share price 40% 5,994 ▪ Institutional long-term investor to su

  7. Slide 7: Transaction Rationale

    01 Executive Summary 02 Enhanced Capital Structure 03 Transaction Rationale 04 Financial Impacts 05 Conclusion Alpha X | 7

  8. Slide 8: Transaction Rationale: Reloading Colonial's growth with a solid capital structure

    03 Transaction Rationale 2. II Transaction Rationale: Reloading Colonial’s growth with a solid capital structure Urban Mixed-Use II a Colonial launches its new Project Pipeline with an ungeared IRR of +9% New sizable pipeline in place, well diversified across emerging urban themes & cities with attr

  9. Slide 9: Acceleration of a new Project Pipeline with an ungeared IRR of more than +9%

    03 Transaction Rationale II a Acceleration of a new Project Pipeline with an ungeared IRR of more than +9% Life Science/ Healthcare Urban Mixed-Use Business Campus UNGEARED IRR LEVERED IRR1at NTA UNGEARED IRR LEVERED IRR1at NTA UNGEARED IRR LEVERED IRR1at NTA UNGEARED IRR LEVERED IRR1at NTA > 7% > 1

  10. Slide 10: Acceleration of a new Project Pipeline with an ungeared IRR of more than +9%

    03 Transaction Rationale II a Acceleration of a new Project Pipeline with an ungeared IRR of more than +9% PARIS MADRID BARCELONA > 9% > 9% Fully > 7% ungeared ungeared Pre-let ungeared IRR IRR IRR > 13% > 13% > 11% levered1 levered1 levered1 IRR at NTA IRR at NTA IRR at NTA Condorcet Condorcet Sant

  11. Slide 11: Acceleration of a new Project Pipeline with an ungeared IRR of more than +9%

    03 Transaction Rationale II a Acceleration of a new Project Pipeline with an ungeared IRR of more than +9% Life Science/ Life Science/ Healthcare Healthcare Urban GLA Total Ungeared Project Use Delivery Urban Mixed use (sqm) Cost €m 1 IRR 11% Mixed use 10% 59% 61% Scope Business Business €1bn €64m 1

  12. Slide 12: CriteriaCaixa contributes €272m of urban mixed-use assets

    03 Transaction Rationale II b CriteriaCaixa contributes €272m of urban mixed-use assets Madrid Barcelona Urban regeneration strategy Urban > Offices focused on Madrid CBD and City Mendez-Alvaro 1 Center 6 22@ Offices: Ungeared IRR > 7% CBD 22@ > Living portfolio in urban central areas 2 with solid r

  13. Slide 13: Financial Impacts

    01 Executive Summary 02 Enhanced Capital Structure 03 Transaction Rationale 04 Financial Impacts 05 Conclusion Alpha X | 13

  14. Slide 14: Transaction with significant deleverage accelerating Colonial's Total Return

    04 Financial Impacts Transaction with significant deleverage accelerating Colonial’s Total Return ACCELERATION OF COLONIAL’S GROWTH RETURN METRICS Attractive Total Shareholder Return with an enhanced Capital Metric Short term Mid term Structure I. Launch of new Project Pipeline with > 9% ungeared IR

  15. Slide 15: Conclusion

    01 Executive Summary 02 Enhanced Capital Structure 03 Transaction Rationale 04 Financial Impacts 05 Conclusion Alpha X | 15

  16. Slide 16: Colonial reloads its growth profile within a framework of solid fundamentals

    05 Conclusion Colonial reloads its growth profile within a framework of solid fundamentals New Alpha strategies with an enhanced capital structure to accelerate growth An attractive Growth Profile in Rents Reinforcement of capital structure with a new long term and prestigious shareholder as catalys

  17. Slide 17: Thank you

    THANK YOU https://www.inmocolonial.com/en/shareholders-and-investors Alpha X | 17

  18. Slide 18: Capital increase of more than €620m with a significant premium on share price

    06 Appendix Capital increase of more than €620m with a significant premium on share price Pre-Dividend Post-Dividend Equity in Asset Contribution Price pre-dividend Contribution €272m €272m €7.1 Significant Premium Equity in Cash €350m €350m €5.9 Share Price Total New Equity €622m €622m New nosh 87.

  19. Slide 19: Capital increase of more than €620m with significant deleverage impact

    06 Appendix Capital increase of more than €620m with significant deleverage impact NTA 12/23 (€m)1 EPRA LTV 12/23 (%)1 47.3% (122 bps) 40% (331 bps) 350 5,994 €622m 60% (453) 42.7% bps 272 Living +12% 5,372 Office Pre deal Asset Capital Post deal Contribution Increase LTV (92 (286 39.9% 36.2% Pre de

  20. Slide 20: Urban Transformation Pipeline

    06 Appendix Urban Transformation Pipeline GLA Total Ungeared Life Science/ Project Use Delivery Urban Barcelona Paris (sqm) Cost €m 1 IRR Healthcare Mixed use 10% 61% 10% Scope Business 61% 1 2026 22,000 309 > 9% Paris City Center Campus €64m €64m Business 29% 28% Topped-up Madrid Topped-up 2 Sancho

  21. Slide 21: An attractive Growth Profile in Rents

    06 Appendix An attractive Growth Profile in Rents Comparable 12/23 Passing Rents considering future projects Significant Additional Revenue Growth Annualized Topped-up Gross Rental Income (€m) >565 83 19 46 47 (20) (12) (14) 411 412 412 Passing Rent Growth 2023 Sta. Condorcet 1 Adjusted Adjusted 2 R

  22. Slide 22: www.inmocolonial.com

    www.inmocolonial.com © 2024 Colonial Alpha X | 22

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