24 slides from Impact Developer & Contractor Sa's earnings presentation, May 2023
Slide 1: Teleconference Q1 2023
Teleconference Q1 2023 May 2023
Slide 2: IMPACT: 30+ Years of Development
IMPACT: 30 + YEARS OF DEVELOPMENT IMPACT completed 19 projects along time. Real estate market 1995-2001 2002-2010 2007-2019 2018 - 2021 IMPACT starts the Development of Completion of IMPACT sets footprint first residential residential & three phases of in the upper-midscale community in commercial p
Slide 3: IMPACT at a Glance
IMPACT AT A GLANCE Years of market experience 30+ • IMPACT the first real estate developer in Romania since 1991 . Listed on BVB since 1996 • Listed on the Bucharest Stock Exchange since 1996. No. of projects delivered 19 • Issuer of the first corporate bonds denominated in foreign currency, at BVB.
Slide 4: Growth Strategy
GROWTH STRATEGY Sustainability Geographic expansion & Innovation and focus portfolio diversification Vertical integration • At the forefront of sustainable • Focus on affordable residential • Vertical integration (construction companies, practices and building GREEN developed in large communities ar
Slide 5: Build a Strong Presence in Key Cities
BUILD A STRONG PRESENCE IN KEY CITIES ▪ Already operating in the main cities like Bucharest, Iași, Constanța. ▪ Targeting expansion to Timișoara, Brașov, Cluj. ▪ Diverse project portfolio including CLUJ residential, as well as retail, hotel and commercial real estate. BRASOV ▪ Attractive landbank in
Slide 6: Leading Sustainable Real Estate Developer in Romania
LEADING SUSTAINABLE REAL ESTATE DEVELOPER IN ROMANIA Mission Vision We Create COMMUNITIES We Build SUSTAINABLE Our mission is to positively impact people’s lives by We strive to become the leading Residential Real developing communities with focus on sustainability, Estate Developer in the region th
Slide 7: Ambitious Sustainability Objectives
AMBITIOUS SUSTAINABILITY OBJECTIVES 7
Slide 8: Fully Committed to Best Practices in ESG
FULLY COMMITTED TO BEST PRACTICES IN ESG 30+ years on the real estate market demonstrate the Sustainability lies in the operating policy of IMPACT power to adapt to the globalization context and the Group and our flagship projects are a living continuous improvement of the business. proof. Taking ca
Slide 9: Corporate Governance
CORPORATE GOVERNANCE IMPACT’s corporate culture is characterized by clear responsibilities, professionalism, mutual respect and trust. Lawful conduct, total transparency and fair competition are integral to our business in order to achieve high performance, quality outputs and expected returns on in
Slide 10: Strategy Implementation Led by a Diverse Executive Team
STRATEGY IMPLEMENTATION LED BY A DIVERSE EXECUTIVE TEAM CONSTANTIN SEBEȘANU CLAUDIU BISTRICEANU SORIN APOSTOL CRISTOVAO ROCHA OVIDIU GRINICI CEO CFO EXECUTIVE DIRECTOR DEVELOPMENT DIRECTOR SALES & MARKETING DIRECTOR 25+ years of experience in 20+ years of experiece in 20+ years of experience 17+ yea
Slide 11: BSE Indices
BSE INDICES Indice Nume Pondere (%) 17.05.2023 BET-BK Bucharest Exchange Trading Benchmark Index 0.40 BET-XT Bucharest Exchange Trading Extended Index 0.40 BET-XT-TR Bucharest Exchange Trading Extended Total Return 0.40 BET-XT-TRN Bucharest Exchange Trading Extended Net Total Return 0.40 BETPlus Buc
Slide 12: Market Trends
MARKET TRENDS KEY DEMAND OVERVIEW RESIDENTIAL STOCK HIGHLIGHTS IN ROMANIA IN ROMANIA • Romania is the European country • Great potential for demand in terms • Room for consistent new with the highest Owner of residential market in Romania deliveries during the next Occupation Rate (95,3% as of main
Slide 13: Market Trends
MARKET TRENDS PRICE TRENDS ACROSS MAIN CITIES – APARTMENTS FOR SALE Annual rate of changes in prices for residential +6.1% properties for sale, nationwide - new properties (Q4 2022 vs Q4 2021) 13
Slide 14: Market Trends
MARKET TRENDS 2022/2023 OPPORTUNITIES THREATS • Decrease of the ceiling for • 41% of Romanians live in an • Political & social disruptive events the application of the 5% overcrowded home (Eurostat 2021) – war in Ukraine VAT rate, to 120,000 euros • Growth for rentals, with average 6% in • Inflation
Slide 15: Q1 2023 Key Highlights
Q1 2023 ASPECTE CHEIE ▪ As at 31 March 2023, IMPACT had a balance of 457 pre- million in cash and cash equivalents as at 31 March 2023 sale and reservation contracts, in total value of EUR 50 and a debt ratio of 28%. million. Those contracts will translate in sales, as dwellings ▪ As at March 31, 20
Slide 16: 2023 Outlook
2023 OUTLOOK ▪ Construction of the 1,167 units of Greenfield Baneasa the procedures to obtaine the required approvals and project phase 4 (Teilor), 732 units beeing planed to be permits. The project is located on Barbu Văcărescu, with a finalized in 2023. 25ha land, gross development value being est
Slide 17: Financial Data - Summary
FINANCIAL DATA - SUMMARY P&L extracts • 24 units vs. 50 units sold in the comparable period this 3M RON thousand 3M 2023 2022 Var % representing exclusively units delivered to customers. Due to delays in the land registry procedures the units Revenues 21,759 37,491 (42%) finalised at the end of 2022
Slide 18: Financial Data - Summary
FINANCIAL DATA - SUMMARY BALANCE SHEET 31-Mar- 31-Dec- • Property, plant, and equipment increased by 20% RON thousand Var % 2023 2022 compared to 31 December 2022 following the Non-current assets, of which 741,103 727,767 2% commission of infrastructure works in BOREAL PLUS Investment property 653,9
Slide 19: Sales and Presales
Sales and presales Completed phases on projects as at 31 of March 2023, with units in balance Sales & Project Total Dwellings Sales Pre-Sales Available for sale Pre-Sales units units units units % units Greenfield Băneasa 97 81 14 95 98% 2 Luxuria Expoziției 630 477 12 489 78% 141 Boreal Plus 209 -
Slide 20: Key Performance Indicators
KEY PERFORMANCE INDICATORS Total adjusted assets EPRA Net Reinstatement Value (th EUR) (in EUR thousand) 246,458 246,199 400,000 350,979 250,000 342,716 209,281 350,000 188,425 295,692 200,000 300,000 248,343 250,000 150,000 200,000 150,000 100,000 100,000 50,000 50,000 - - Dec-20 Dec-21 Dec-22 Mar-
Slide 21: Land Bank
LAND BANK IFRS IFRS EPRA EPRA book value book value value value Location City Project Surface (ha) (RONm) (EURm) (RONm) (EURm) Băneasa Bucharest Greenfield Băneasa 37.5 339.9 69.1 399.7 85.0 Blvd. Timișoara - Ghencea Bucharest Greenfield West 25.9 160.1 32.5 159.2 32.4 Barbu Văcarescu Bucharest Aria
Slide 22: Six Reasons to Invest With Us
SIX REASONS TO INVEST WITH US SOLID EXPERIENCE VALUABLE PORTFOLIO 30 years of expertise in the development of Residential communities developed in green flagship real estate projects, building areas of large cities and own land bank with communities & pioneering in the Romanian increasing market val
Slide 23: Disclaimer
Disclaimer This presentation does not constitute or form part of, and should not be construed as, any offer to sell or issue or invitation to purchase or subscribe for, or any solicitation of any offer to purchase or subscribe for, any securities of IMPACT DEVELOPER & CONTRACTOR S.A. (the "Company")
Slide 24: Thank You!
Thank You! For Further Inquiries please contact us at: ir@impactsa.ro