Helios Re Socimi, S.a. · BME:SCHLR
Helios Re Socimi — Lar España Real Estate SOCIMI — Investor Presentation (October 2021)
27 slides from Helios Re Socimi's investor presentation, October 2021
Slide 1: Corporate Presentation Lar España October 2021
C O R P O R AT E P R E S E N TAT I O N L A R E S PA Ñ A October 2021 www.larespana.com
Slide 2: Index
Index 1 2 3 4 5 Company Equity Story 1H 2021 Results COVID-19 Reasons to Overview Update rely on Lar España
Slide 3: Company Overview
Company Overview 1
Slide 4: Lar España at a glance
Company Overview Our Mission Optimize the profitability of our shareholders through responsible and efficient management of our retail assets, which Lar España at a glance incorporates technology as a key element in a relationship that generates value for our retailers and customers. Our Vission Pro
Slide 5: From the IPO to nowadays: retail leader in Spain
Company Overview From the IPO to nowadays: retail leader in Spain MAIN SHOPPING CENTRES AND RETAIL PARKS MARKET PLAYERS RETAIL LEADERS IN SPAIN Avg. GLA ownership Lar España Owned GLA (est.) # Assets 551.405 14 per asset 41,3781 #1 sqm GLA1 Asset stake owned Portfolio Size gives us benefits in: • Gl
Slide 6: A clear idea: dominant & resilient portfolio
Company Overview A clear idea: dominant & resilient portfolio Lagoh | SC Gran Vía de Vigo | SC Megapark | SC RP 69,734 sqm 41,447 sqm 81,577 sqm Visits: 5.4 Mn Visits: 4.8 Mn Visits: 9.5 Mn Sales: €94.7 Mn Sales: €81.3 Mn Sales: €92.7 Mn Dominant. Dominant Dominant Ànec Blau | SC P. Marina | SC CC:
Slide 7: Delivering quarter by quarter: 1H 2021 Highlights
Company Overview Delivering quarter by quarter: 1H 2021 Highlights Good operating Occupancy rate Successful Asset values results keeps stable refinance keep stable process and low LTV More value for Environmental shareholders: Fully alligned best practices Leaders at SBB with digital and continuous
Slide 8: Committed with transparency, environment and governance
Company Overview Board of directors Committed with transparency, Jose Luis Leticia Isabel Roger M. Alec Laurent Miguel environment and governance del Valle Iglesias Aguilera Cooke Emmott Luccioni Pereda Chairman PIMCO Grupo LAR Independent Directors Proprietary Directors Female Directors 2015 2016 2
Slide 9: Equity Story
Equity Story 2
Slide 10: A unique business model
Equity Story A unique business model Dominant shopping centres in catchment Ommnichannel strategy areas We see e-commerce as an opportunity not a risk. It is a Our assets are located in relevant but low retail new hybrid form of commerce, where customers shop density areas, with limited competition
Slide 11: The way we do things
Equity Story The way we do things 1 Differentiation 2 Diversification 3 Management 44 Innovation 5 Responsibility Prime assets in Manager experience Digital Multiproduct offer dominant transformation catchment areas Critical activities Big data for asset Financial Solvent & internalized management d
Slide 12: ESG integrated throughout the Company
Equity Story ESG integrated throughout E the Company Lar España is fully committed towards a sustainable management of its assets. Considering GHG emissions, water use, waste and pollution in the ESG Masterplan to help mitigate climate change and the effect of its activity on the environment. ALIGNE
Slide 13: 1H 2021 Business Update
lor eee 1H 2021 Business Update
Slide 14: Operating Results in 1H 2021
1H 2021 Business Update Results Assets Operating Results in € 40.0 Mn Outperforming the Spanish and European 1H 2021 GRI 1H 2021 market 5.8% € 32.6 Mn EPRA “topped-up” NIY NOI 1H 2021 95% € 7.7 Mn vs €(28.7) Mn 1H20 Occupancy2 30th June 2021 Net Profit 1H 2021 2.6 years WAULT €1,411 Mn GAV 85% Colle
Slide 15: Corporate Results
1H 2021 Business Update Corporate Results Corporate in 1H 2021 6.7 % c.€167 Mn €27.5 Mn Liquidity Dividend Dividend Yield Expenses covered over €0.31 p.s. paid dividend Over market cap1 the next 4 years Net LTV 41% €400 Mn 1.75% Closing 1H 21 Green Bond issuance Interest rate 15 1 Market Cap as of 3
Slide 16: ESG Results
1H 2021 Business Update ESG ESG Results BBB ● Energy Efficiency Plan Reducing our energy consumption and costs. MSCI ESG Rating ● Waste Management Plan to optimize the collection and transport of waste. Carbon Footprint Registration 2018, 2019 & 2020 ● Commitment to the UN Global Compact Adhesion an
Slide 17: ESG KPIs Consumption & emissions
1H 2021 Business Update Data automation in shopping malls already launched. Greater periodicity, ESG KPIs greater data homogenization and time savings. It has allow us to have figures for the 1H21 asset´s performance. Consumption & emissions Consumption performance vs H1 2019 vs H1 2020 Electricity
Slide 18: Asset appraisal June 2021
1H 2021 Business Update Asset appraisal June 2021 30th June 2021 Valuation €1,411.1 Mn Including Capex Invested • A resilient portfolio of dominant shopping centres and retail parks in attractive 47.5% catchment areas. • Cherry-picked portfolio, assets carefully analysed and selected without buying
Slide 19: Attractive dividend maintained despite Covid-19
1H 2021 Business Update Attractive dividend maintained despite Covid-19 8.9% Div Yield over Market Cap 1 Committed to profitability € 0.63 ps € 0.54 ps €55.0 Mn • Prudent cash position control with a € 0.49 ps 6.7% Div detailed liquidity analysis. Yield over €50.0 Mn Market Cap • >90% cashflow gener
Slide 20: Covid-19 Update
Covid-19 Update 4
Slide 21: Footfall and Sales numbers recovery vs 2019
Covid-19 Update Footfall and Sales numbers recovery vs 2019 100% GLA opened Footfall recovery Sales recovery 112% 99% 105% 106% 103% 97% 99% 100% 109% 95% 94% 96% 96% 94% 104% 91% 86% 94% 96% 95% 92% 93% 76% 93% 92% 93% 74% 90% 89% 91% 86% 84% 67% 74% 69% 49% 61% 49% 33% 14% 33% 11% … Jan Feb Mar Ap
Slide 22: Lar España improvement hand in hand with our strategy
Covid-19 Update Lar España improvement hand in hand with our strategy Our main Decisions Our main Achivements Keep highest health standards. SGS Successful disposal of supermarkets COVID-19 Safety Certification portfolio in Feb. 21. Capex halted and any new investments on stand-by. All scheduled ref
Slide 23: Capacity to assume this scenario
Covid-19 Update Resilient Portfolio Multiproduct offer Capacity to assume this Balanced portfolio that has been key to react better and sooner than others. c. 20 % Essential activities scenario High percentage 67 % 33 % of food & health tenants Shopping Retail parks centres Big Brands Differentiated
Slide 24: Reasons to rely on Lar España
Reasons to rely on Lar España 5
Slide 25: Final conclusion: several reasons to rely on Lar España
Reasons to rely on Lar España 1 6 Retail sector, an opportunity to 5.5% prime Strong operating results over the GRI 40 M€ 2 enter at attractive yields. years, outperforming the Spanish Final conclusion: yield shopping centers1 and European market. Net Profit 7.7 M€2 several reasons to rely on Lar Es
Slide 26: Disclaimer
Disclaimer This document has been prepared by Lar España Real Estate SOCIMI, S.A. (the “Company”) for information purposes only and the information included in this document is not regulated information or information which has been subject to prior registration with, or control by, the Spanish Nati
Slide 27: www.larespana.com
—_— lar www.larespana.com
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