Renta Corporacion Real Estate, S.a. · BME:REN
Renta Corporacion Real Estate — Renta Corporacion — FY2020 Earnings Presentation
31 slides from Renta Corporacion Real Estate's earnings presentation, 2021
Slide 1: Renta Corporacion
a Renta Corporacion
Slide 2: Contents and Disclaimer
PRESENTACION ANUAL DE RESULTADOS 2020 Contents 1. Covid-19 crisis 2. Executive summary 3. Description of the Group 4. Business performance and results 5. Information on the Group's outlook 6. Shareholder structure and stock market performance APPENDICES APPENDIX 1: Significant transactions in 2020 A
Slide 3: Covid-19 crisis
PRESENTACION ANUAL DE RESULTADOS 2020 1. COVID-19 CRISIS 1. Covid-19 crisis After the restrictions were partially lifted in the summer, the third wave of the pandemic dominated the last quarter of 2020. As expected, the third wave was accompanied by new restrictions on people's movement and on norma
Slide 4: Covid-19 crisis: strategic plan and portfolio
PRESENTACION ANUAL DE RESULTADOS 2020 1. COVID-19 CRISIS Due to the current market scenario and the fact that its effects will last longer than initially envisaged, the Company has re-evaluated its five-year strategic plan, reflecting the delay in its implementation and forecasting the recovery of p
Slide 5: Executive summary: main aggregates of the Group
PRESENTACION ANUAL DE RESULTADOS 2020 2. Executive summary MAIN AGGREGATES OF THE GROUP 2. EXECUTIVE SUMMARY REVENUE OPERATING EBITDA NET LOSS/ MARGIN PROFIT €M €M €M €M -50% vs. ‘19 -86% vs. 19 €-26.2Mvs. 19 €17.1M in ‘19 OPERATING DEBT AS A CHANGE IN NET PORTFOLIO MARGIN/REVENUE % OF ASSETS FINANC
Slide 6: Euterpe, Barcelona; Palencia, Madrid
• • • • • Euterpe, Barcelona Palencia, Madrid • • • • • •
Slide 7: Description of the Group
ANNUAL PRESENTATION OF RESULTS 2020 3. DESCRIPTION OF THE GROUP 3. Description of the Group 3.1 Introduction to the Group Renta Corporacion is a Group with a high differential component within the real estate industry in Spain and more than 30 years’ experience. It has developed its business model b
Slide 8: Garmur, Marqués de Monteagudo, Monterols
Garmur, Madrid Marqués de Monteagudo, Madrid Monterols, Barcelona
Slide 9: Méndez Álvaro, Madrid
Méndez Álvaro, Madrid Illustrative image
Slide 10: Consolidated statement of profit or loss
PRESENTACION ANUAL DE RESULTADOS 2020 4, Business performance and results 4. BUSINESS PERFORMANCE AND RESULTS 4.1 Consolidated statement of profit or loss (million EUR) 12M 2020 12M 2019 % change Transactional business revenue 38.8 713 Asset management business revenue 6.2 14.1 Other income 1 0.6 RE
Slide 11: Revenue by business line
PRESENTACION ANUAL DE RESULTADOS 2020 4. BUSINESS PERFORMANCE AND RESULTS Revenue from the transactional business dropped by EUR 38.5 million with respect to 2019, with a reduction in both real estate sales and real estate project management revenue. The transactions that make up the revenue generat
Slide 12: Equivalent business volume in 2020
PRESENTACION ANUAL DE RESULTADOS 2020 EQUIVALENT BUSINESS VOLUME IN 2020 €46.1M Other income €1.1M Asset business revenue €6.2M Equivalent business volume ") (Transactional business) Real estate project . mandgement Transactional ooo 8 revenue €38.8M Equivalent 2020 business I Realestate sales Real
Slide 13: Margin by business line
PRESENTACION ANUAL DE RESULTADOS 2020 4. BUSINESS PERFORMANCE AND RESULTS “Real estate sales” margin MARGIN BY BUSINESS LINE The margin of the “real estate sales” business line, understood to be sales less direct costs of disposal, amounted to EUR 3.6 million, EUR 9.2 million lower than the EUR 12.8
Slide 14: Via Augusta, Barcelona
Via Augusta, Barcelona Illustrative image Via Augusta, Barcelona Illustrative image
Slide 15: Consolidated balance sheet: assets
ANNUAL PRESENTATION OF RESULTS 2020 4. BUSINESS PERFORMANCE AND RESULTS 4.2 Consolidated balance sheet 4.2.1 Assets Assets (million EUR) Dec-20 Dec-19 Change Non-current assets and right-of-use assets 15 17 -0.2 Other non-current assets 72.6 71.6 1.0 Non-current assets 74.1 73.3 0.8 Inventories 65.2
Slide 16: Provença-Rosselló, Barcelona
Provença-Rosselló, Barcelona
Slide 17: Inventories and strategic business portfolio
ANNUAL PRESENTATION OF RESULTS 2020 INVENTORIES (€M) 4. BUSINESS PERFORMANCE AND RESULTS STRATEGIC BUSINESS PORTFOLIO (€M) _ - Industrial orner €65.2M cee buidings i Poon cnn 2 SS SSS SSS ae - Residential ! 1 26% ! 1 ' Strategic ' €47.1M 409 ' Offices 1 ! c €33.2M | | a €129.8M beweneeseneee - eet P
Slide 18: Badajoz, Barcelona
• • • Badajoz, Barcelona Badajoz, Barcelona
Slide 19: Liabilities and financial debt
ANNUAL PRESENTATION OF RESULTS 2020 4. BUSINESS PERFORMANCE AND RESULTS 4.2.2 Liabilities Equity + liabilities (million EUR) Dec-20 Dec-19 Change Equity 66.8 75.8 -9.0 Liabilities Non-current financial debt 39.0! 1 39.5 -0.5 Other non-current payables 4.2 48 -0.6 Non-current liabilities 43.2 44.3 -1
Slide 20: Net financial debt and repayment schedule
ANNUAL PRESENTATION OF RESULTS 2020 4. BUSINESS PERFORMANCE AND RESULTS NET FINANCIAL DEBT BY TYPE (€M) +4.8 -8.2 +163 — 475 +8.2 426.4 | Mortgage debt Non-mortgage Bonds Commercial paper Treasury Net financial debt debt REPAYMENT SCHEDULE FOR FINANCIAL DEBT (€M) 25.8 16.9 15.0 94 3.2 0.9 0.9 0.6 —
Slide 21: Other non-current payables
ANNUAL PRESENTATION OF RESULTS 2020 4. BUSINESS PERFORMANCE AND RESULTS Other non-current payables At 31 December 2020, Renta Corporacion recognised “Other Non-Current Payables” totalling EUR 4.2 million. This balance is broken down as follows: (million EUR) Dec-20 Dec-19 Change Non-current payables
Slide 22: Cash flow performance
ANNUAL PRESENTATION OF RESULTS 2020 4. BUSINESS PERFORMANCE AND RESULTS Cash flow performance The operating cash flow used by the Company totalled EUR -2.3 million as a result of the loss of EUR -1-4 million incurred from operations in the year and the loss of EUR -0.9 million incurred on the invest
Slide 23: Information on the outlook for the Group
ANNUAL PRESENTATION OF RESULTS 2020 5. INFORMATION ON THE OUTLOOK FOR THE GROUP 5. Information on the outlook for the Group The whole of 2020 was marked by the global health crisis caused by the covid-19 virus, with Spain being one of the most heavily affected countries. The launch at the end of the
Slide 24: Outlook: retail and logistics segments
ANNUAL PRESENTATION OF RESULTS 2020 5. INFORMATION ON THE OUTLOOK FOR THE GROUP Retail segment Developments in this segment are expected to go hand in hand with the recovery of household consumption due to the gradual vaccination process and the return to normality with respect to people's movement.
Slide 25: Francesc de Bolós, Barcelona
Francesc de Bolós, Barcelona
Slide 26: Shareholder structure and stock market performance
ANNUAL PRESENTATION OF RESULTS 2020 6. SHAREHOLDER STRUCTURE AND STOCK MARKET PERFORMANCE 6. Shareholder structure and stock market performance The share price at2020 year-end was EUR 2.05 per share, 35% lower than the price of EUR 3.15 per share at 2019 year-end. At the end of 2020, market capitali
Slide 27: Appendix 1: Significant transactions in 2020
ANNUAL PRESENTATION OF RESULTS 2020 APPENDIX 1: SIGNIFICANT TRANSACTIONS IN 2020 Appendix 1: Significant transactions in 2020 Transactional business PALENCIA Madrid ¢ Project: Lease management, completion of construction project and individual sales * Surface area: 1,009 m? Madrid ¢ Project: New bui
Slide 28: Appendix 1: Asset business
ANNUAL PRESENTATION OF RESULTS 2020 Asset business HERMOSILLA Madrid ¢ Housing units: 80 * Surface area: 6,619 n? AVDA SAN LUIS Madrid ¢ Housing units:170 Surface area: 14,865 n? MENDEZ ALVARO Development in Madrid ¢ Housing units:273 Surface area: 18,308 n? ATOCHA Madrid ¢ Housing units:47 * Surfac
Slide 29: Appendix 2: Significant inventories in progress
ANNUAL PRESENTATION OF RESULTS 2020 APPENDIX 2: SIGNIFICANT INVENTORIES IN PROGRESS AT END OF 2020 Appendix 2: Significant inventories in progress at end of 2020 ViA AUGUSTA Barcelona ¢ Project: Comprehensive refurbishment ofan office building, sale with sitting tenants * Surface area: 3,103 m? a/g+
Slide 30: Appendix 3: Glossary
ANNUAL PRESENTATION OF RESULTS 2020 APPENDIX 3: GLOSSARY Appendix 3: Glossary Business portfolio Investment rights plus strategic stocks (for sale) Covenant Guarantee to the lender that the loan will be repaid Financial debt Bank borrowings under non-current liabilities + current bank borrowings (lo
Slide 31: Contact offices Barcelona and Madrid
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