17 slides from Dimand Societe Anonyme Development & Exploitation Of Real Estate & Constructions Services &'s earnings presentation, April 2025
Slide 1: FY2024 Financial Highlights
FY2024 Financial Highlights Dimand Real Estate Development Athens, April 2025
Slide 2: Our vision at Dimand
Our vision at Dimand is to enhance the urban environment while upholding the principles of sustainability, innovation, and inclusive growth, ensuring rewarding outcomes for the company, its employees and shareholders. | page 2
Slide 3: | page 3
DIMAND ti parent di igs al |
Slide 4: Macros & Real Estate Trends
Macros & Real Estate Trends Global Trends & Macros Local Macros US tariffs spark trade war. Greek economy growing. Dollar weakening. Investor appetite increasing at lower target returns. Capital flows to Europe. Construction cost stabilized. Europe fiscal policy loosening. Contractor supply still le
Slide 5: FY 2024 Key Corporate Facts
FY 2024 Key Corporate Facts • Positive IPO effect on financial performance becomes evident. • Strongest operating performance & financial position ever. • Planned exits fuel realized profits & cash balance. • Capital structure de-levered, creating new expansion opportunities. • Nurturing new pipelin
Slide 6: Capital Structure
Capital Structure 180,274 172,609 in € ‘000s 2021 2022 2023 2024 Assets 116,444 182,424 259,031 299,846 140,049 133,633 Debt 59,107 45,768 81,472 73,845 125,528 122,429 Other liabilities 19,595 14,227 43,925 33,130 Equity 37,742 122,429 133,633 192,871 Non controlling interests - - - (20,262) Equity
Slide 7: Operating Performance
Operating Performance in € ‘000s 2021 2022 2023 2024 EBITDA 10,115 7,105 19,263 58,024 Profit /(loss) before tax attributable to the Company’s 5,580 (5,146) 17,019 40,027 shareholders Net profit / (loss) attributable to the Company’s 5,308 (7,805) 13,205 36,966 shareholders Adjusted EBITDA 10,115 7,
Slide 8: Investment cycle evolves as planned
Investment cycle evolves as planned in € ‘000s 2021 2022 2023 2024 Completion GDV (AUM) 524,274 915,151 1,194,863 1,023,695 Completion GDV (Dimand share) 318,343 723,040 955,710 813,415 % Diff 127.1% 32.2% (14.9)% Commentary: 6 projects sold in FY 2024 with a completion GDV (Dimand share) of c. € 15
Slide 9: Key Projects Status Update
Key Projects Status Update Piraeus amounts in €m Minion 2 Patissia IQ Athens Aghialos FIX 3V Tower Target exit 2025 2025 2025 2027 2027 2027 2027 % pre-let 1 76% 100% 100% 30% - - - % pre-sold - - - - - - - GDV 134.7 53.0 24.9 189.2 160.0 151.2 126.0 Exit value - - - - - - Commentary: - Project exit
Slide 10: Skyline Real Estate Snapshot
Skyline Real Estate Snapshot Timeline Transaction structure May-2022: Binding offer Portfolio value at Closing1: € 298mn Feb-2023: SPA execution Senior debt: up to € 156mn Dec-2024: Closing Pre-closing sales profit benefits Investor @ 65% Portfolio Expected returns 695 properties – € 438m Running (Y
Slide 11: Appendix
Appendix
Slide 12: Current Development Portfolio
Diversified current development portfolio of 20 projects 13 projects under development as at 31.12.2024 Current Development Portfolio A Ready to Deliver B Planning & Under Construction C 1 4% Projects Development 1 2 15% 2% 3 3 7 Type 15% €1,024 mn GDV Detailed Analysis in Appendix A project project
Slide 13: Consolidated statement of financial position - IFRS
Consolidated statement of financial position - IFRS Amounts in € Dec-2023 Dec-2024 Assets Non-current assets Investment property 117,103,629 141,784,782 Property and equipment 1,186,397 908,326 Intangible assets 8,305 5,485 49,300,182 87,061,019 Investments in Joint Ventures accounted for using the
Slide 14: Consolidated statement of comprehensive income - IFRS
Consolidated statement of financial position - IFRS Amounts in € FY 2023 FY 2024 Revenue 9,385,708 28,423,718 9,385,708 28,423,718 Net fair value gains / (losses) on investment 19,338,963 11,308,662 property Construction cost - (14,462,603) Gain from disposal of investment properties 65,000 - Proper
Slide 15: Summary Valuation
Summary Valuation (amounts in €m, unless stated otherwise) Working Remaining Gross Estimated Dimand ownership Estimated progress Fair Value Investment Sector GBA (sqm) construction Development annual (%) completion date (WIP) rate (100%) cost (1) Value (100%) rent (%) Piraeus Tower (2) Mixed Use 34,
Slide 16: Creating the cities we want to live in
CREATING THE CITIES WE WANT TO LIVE IN www.dimand.gr
Slide 17: Disclaimer
Disclaimer • By viewing or receiving this presentation, you are agreeing to be bound by the following limitations. • The information contained in this presentation has been prepared by Dimand S.A. (the “Company”) and has not been independently verified and will not be updated. No representation, war