Colonial Sfl Socimi Sa · BME:COL

Colonial Sfl Socimi Sa — Inmobiliaria Colonial SOCIMI — Investor Day (July 2022)

31 slides from Colonial Sfl Socimi Sa's investor day presentation, Jul 11, 2022

  1. Slide 1: Colonial Corporate Strategy – Capital Markets Day 2022

    Colonial Corporate Strategy Pere Viñolas Chief Executive Officer Capital Markets Day 2022

  2. Slide 2: Disclaimer

    Disclaimer By attending this presentation and receiving this document (the “Presentation”), 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

  3. Slide 3: What we promised has been delivered

    Colonial Corporate Strategy What we promised has been delivered Post-pandemic priorities well captured and delivered ▪ 2020 / 21 – Transition years to reload growth ▪ Effective implementation of capital recycling strategy ▪ Acceleration of ESG with strong commitment Priorities since 2020 CMD… … are

  4. Slide 4: Corporate Strategy: Leadership on Polarization

    CORPORATE STRATEGY I Leadership on Polarization II Prime Portfolio to unlock value & cash flow III Conclusions 4

  5. Slide 5: The Adequate Strategy Across Cycles

    I Leadership on Polarization The Adequate Strategy Across Cycles PRIME POSITIONING + ALPHA VALUE CREATION FLEXIBILITY & EXPERIENCE EFFICIENCY ENVIRONMENT/ ESG 5

  6. Slide 6: Efficiency – Experience – Environment

    I Leadership on Polarization Efficiency – Experience – Environment EFFICIENCY EXPERIENCE ENVIRONMENT GAV in CBD (€ bn) High client loyalty Carbon Footprint scope 1 & 2 - kgco2e/m2 <5 12.4 yr 26 >10 years 43% 42% 9.9 6.9 82% CBD > 5 years +82% >5 years 20% (64%) 40% 9 5,3 <5 years 37% 18% 2015 2021 2

  7. Slide 7: Colonial's portfolio outperforming market

    I Leadership on Polarization Colonial’s portfolio outperforming market COLONIAL PARIS VACANCY VS PARIS CBD VACANCY PRIME ERV GROWTH - COLONIAL VS MARKET AVERAGE 7% 7% Total Market1 6% +9% Project +8% entries 7% +6% +6% 5% +5% 3% CBD Market1 Colonial 4% 4% +4% 3% 3% 3% 3% 3% 2% Market Prime 2% 2% 2%

  8. Slide 8: Superior Pricing Power – beating the market

    I Leadership on Polarization Superior Pricing Power – beating the market Colonial Group Divestment Through Last Cycle Disposal with Double digit Premium On GAV Disposals Appraisals Disposals premium on GAV (€m) 27% Premium on GAV GAV LFL growth Average Average 15% Avg. premium +15% 12% 11% 11% 11% +

  9. Slide 9: Colonial Portfolio Outperforming its peers in every market

    I Leadership on Polarization Colonial Portfolio Outperforming its peers in every market CBD EXPOSURE1 OCCUPANCY LAST REPORTED1 GROSS ASSET VALUE LIKE FOR LIKE1 2019 2020 2021 9,0% 1,2% 6,0% 80% 96% 6,6% (0,8%) 3,9% Peer 1 78% 94% 55% 2,4% (1,8%) 2,1% Peer 2 93% 54% 90% 4,8% 1,0% 0,5% Peer 3 Peer 4 2

  10. Slide 10: Colonial Portfolio Outperforming its peers in every market

    I Leadership on Polarization Colonial Portfolio Outperforming its peers in every market CBD EXPOSURE1 OCCUPANCY LAST REPORTED1 NTA BASED TOTAL RETURN2 2019-211 80% 96% +26% Peer 1 78% 94% +20% Peer 2 55% 93% +11% Peer 3 54% 90% +16% Peer 4 29% 88% +19% Peer 5 52% 92% +24% Peer 6 49% 92% +19% 1 Peer

  11. Slide 11: Strong Performance across cycles

    I Leadership on Polarization Strong Performance across cycles Pre-Covid Covid-19 Coming out of Covid-19 2018 2019 2020 2021 May YTD22 Occupancy 96% 98% 95% 96% 96% ERV Growth +8% +6% +6% +5% +5% +106% Letting Volume (sqm) 117,249 263,301 97,374 170,344 73,486 YoY GRI LFL +5% +4% +1% +2% +3%1 Full Ye

  12. Slide 12: Corporate Strategy: Prime Portfolio to unlock value & cash flow

    CORPORATE STRATEGY I Leadership on Polarization II Prime Portfolio to unlock value & cash flow III Conclusions 12

  13. Slide 13: Prime Portfolio to unlock value & cash flow

    II Prime Portfolio to unlock value & cash flow 4 1 Delivery of current Alpha 3 1 €128m €99m Significant Additional Secured Capital Value GAV1 Rents Rents YTD Creation > €12bn 2 Capturing the benefit of polarization 2 Strong Fully Market Maximal Pricing Capturing Rental Value through Power Indexation

  14. Slide 14: 1. Delivery of current Alpha

    1. Delivery of current Alpha

  15. Slide 15: Project Pipeline and Renovation Program close to completion

    II Prime Portfolio to unlock value & cash flow Project Pipeline and Renovation Program close to completion 1 1 Delivery of current Alpha PROJECT PIPELINE RENOVATION PROGRAM €m MORE THAN €100M OF ADDITIONAL RENTS 81 Diagonal 525 Marceau Velázquez 86D 103 Grenelle Charles de Gaulle Washington Plaza 31

  16. Slide 16: Project Pipeline delivery beating expectations

    II Prime Portfolio to unlock value & cash flow Project Pipeline delivery beating expectations 1 1 Delivery of current Alpha PROJECT PIPELINE 81 Diagonal 525 Marceau Velázquez 86D 52 86% 100% Let 100% Let Additional Rents €m 2024 Pre-Let Delivered Delivered Delivery Q3 2022 5 Miguel Angel 23 Biome Lo

  17. Slide 17: Renovation Program Maximizing Rents & Value

    II Prime Portfolio to unlock value & cash flow Renovation Program Maximizing Rents & Value 1 1 Delivery of current Alpha RENOVATION PROGRAM Additional Rents €m Charles de Gaulle Washington Plaza 103 Grenelle 100% Let 100% Let 100% Let Delivered Delivered Delivered 46 Cézanne St Honoré Cedro Ortega y

  18. Slide 18: 2. Capturing the benefit of polarization

    2. Capturing the benefit of polarization

  19. Slide 19: Large scale office portfolio maximizing efficiency

    II Prime Portfolio to unlock value & cash flow Large scale office portfolio maximizing efficiency 2 Capturing the benefit of polarization Large scale assets with strong pricing power 2 PARIS Méndez Alvaro Édouard VII Washington Plaza 89,871 55,215 44,624 sqm sqm sqm Place de l’Étoile Place de la Tou

  20. Slide 20: Large scale office portfolio maximizing efficiency

    II Prime Portfolio to unlock value & cash flow Large scale office portfolio maximizing efficiency 2 Capturing the benefit of polarization 2 Carbon Intensity Breeam/Leed 1. Attracting Best Clients (kgCO2/sqm) Certificates 9.0 99% 2. Capturing Maximum Rents Occupancy CBD & City Centre 3. Full Indexati

  21. Slide 21: 3. Ongoing flight to quality through mature secondary disposals

    3. Ongoing flight to quality through mature secondary disposals

  22. Slide 22: Flight to quality – Capital Recycling reloading Prime

    II Prime Portfolio to unlock value & cash flow Flight to quality – Capital Recycling reloading Prime 3 3 Ongoing flight to quality through mature secondary disposals Delivered 2022 YTD 2015 Alpha I Alpha II Alpha III Alpha IV 2019 2020 2021 2022 Josefa Valcárcel, 24 Alcalá, 506 Alpha VI Reloading 5,

  23. Slide 23: Corporate Strategy: Conclusions

    CORPORATE STRATEGY I Leadership on Polarization II Prime Portfolio to unlock value & cash flow III Conclusions 23

  24. Slide 24: The strongest office platform to play the cycle

    III Conclusions The strongest office platform to play the cycle Challenge Colonial’s Response 1 ECONOMIC CYCLE & RENTS High visibility on additional future Cash Flow > Delivery of Alpha: significant additional Cash Flow secured > Strong Resilience of Prime Positioning/ Polarization > Proven Portfoli

  25. Slide 25: Appendix

    CORPORATE STRATEGY Appendix 25

  26. Slide 26: Double digit EPS Growth within the next years

    APPENDICES Double digit EPS Growth within the next 3 years Out of additional 442 >€510m GRI1 of 166 €m €9m 4 Capturing Reversion €92m of GRI1 To with high >€74m come 20 visibility YTD 3 Acquisition program completed €20m 31 2 Renovation program almost completed €19m 70 €436m €10m Madrid CBD 1 Projec

  27. Slide 27: Future of Work - JLL

    APPENDICES Future of Work - JLL 27

  28. Slide 28: Capital Markets research - JLL

    APPENDICES Capital Markets research - JLL 28

  29. Slide 29: Capital Markets research - JLL

    APPENDICES Capital Markets research - JLL 29

  30. Slide 30: Capital Markets research - JLL

    APPENDICES Capital Markets research - JLL 1. Topped-up passing GRI as of 31/12/21 excluding passing GRI of Barcelona acquisition 2. Includes other refurbishments 30

  31. Slide 31: www.inmocolonial.com

    www.inmocolonial.com © Colonial

Inmobiliaria Colonial SOCIMI — Investor Day (July 2022) on 6ix