Helios Re Socimi, S.a. · BME:SCHLR
Helios Re Socimi — Lar España Real Estate SOCIMI — Q1 2023 Earnings Presentation
20 slides from Helios Re Socimi's earnings presentation, May 19, 2023
Slide 1: Q1 2023 Business Update
Q1 2023 BUSINESS UPDATE 19th May 2023
Slide 2: Presenting Team
Presenting Team Jon Armentia Hernán San Pedro Corporate Director and CFO Investor Relations and Corporate of Lar España Communication Director of Lar España 2
Slide 3: Index
Index 1 2 3 Financial information and Closing Highlights ESG Remarks 3 Q1 2023 BUSINESS UPDATE
Slide 4: Highlights
_——_ Pi... The REIT for the new retail worldl Highlights
Slide 5: We continue growing
Q1 2023 BUSINESS UPDATE We continue growing Sales Footfall NOI Net profit €235.4 Mn1 19.6 Mn visits €20.9 Mn €31.9 Mn +7.9% vs Q1 2022 +5.6% vs Q1 2022 +25.0% vs Q1 2022 c. 5x vs Q1 2022 +11.1% vs Q1 2019 LfL2 -2.3% vs Q1 2019 LfL2 1 Declared sales 5 Highlights 2 LfL: Excluding Lagoh
Slide 6: Our strategy continues delivering good results
Lar España at a glance Our strategy continues delivering good results ASSETS OCCUPANCY INCREASING EXCELLENT ABOVE PERFECT 14 D O M I N A N T ACTIVE MIX OF ASSETS VALUE PREPANDEMIC MANAGEMENT RETAILERS NTA p.s +3.5% c. 96% MORE THAN RENTS APPROPIATE c. 5x EFFORT RATE €235 Mn S A L E S2 GROWING NET PR
Slide 7: Financial Information & ESG
2 Financial Information & ESG
Slide 8: Leasing activity Q1 2023
Q1 2023 BUSINESS UPDATE Leasing activity Q1 2023 EFFORT RATE1 GLA ROTATED NEGOTIATED RENT UPLIFT RENTS 9.6% 5,603 sqm €2.0 Mn +4.5%2 32 8 24 Operations Relettings Renewals 1 Including expenses 2 Not considering CPI rates increase and excluding 1 non comparable operation 8 Financial Information & ESG
Slide 9: Operating results in Q1 2023
Q1 2023 BUSINESS UPDATE Operating results in Q1 2023 Results GRI NOI EBITDA NET PROFIT EPRA NTA PER SHARE €25.1 Mn €20.9Mn €16.6 Mn €31.9 Mn € 11.31 p.s +21.4% vs Q1 2022 +25.0% vs Q1 2022 +28.3% vs Q1 2022 c. 5x vs Q1 2022 +3.5% vs FY 2022 Assets GAV EPRA “TOPPED-UP” OCCUPANCY WAULT COLLECTION RATE
Slide 10: Sales by activity Q1 2023
Q1 2023 BUSINESS UPDATE Sales by activity Q1 2023 Sales Q1 20231: €235.4 Mn +7.9% vs Q1 2022 FOOD CULTURE, TECH LEISURE AND HOME FASHION AND MULTIMEDIA ENTERTEINMENT +8.1% vs Q1 2022 +7.0% vs Q1 2022 +12.6% vs Q1 2022 -10.0% vs Q1 2022 +13.1% vs Q1 2022 DINING HEALTH AND SERVICES SPORTS AND OTHERS B
Slide 11: Financial profile & cash position
Q1 2023 BUSINESS UPDATE Financial profile & cash position BBB 1 NET FINANCIAL DEBT 2 NET LTV 3 AVERAGE COST OF DEBT €525.6 Mn 35.7% 1.8% 4 AVERAGE DEBT MATIRUTY 5 FIXED RATE AND UNENCUMBERED 6 GREEN DEBT 4.5 years 100% 100% 11 Financial Information & ESG
Slide 12: Bond Buy-Back completed in January 2023
Q1 2023 BUSINESS UPDATE Bond Buy-Back completed in January 2023 + c. €20 Mn profit in the P&L Key transaction terms Sources and uses Strong bondholder demand Implied discount achieved on Sources €mm resulting in a successful bond repurchase of 18% Cash from Balance Sheet 90.5 transaction for Lar Esp
Slide 13: We have paid one of the highest ordinary dividends in our history
Q1 2023 BUSINESS UPDATE We have paid one of the highest ordinary dividends in our history Since our foundation, we have distributed a total of CAGR >€325 Mn 2014-2022 57.81%1 14,2% € 0.80 ps Div Yield1 € 0.49 ps €75.0 Mn € 0.63 ps € 0.60 ps € 0.33 ps €55.0 Mn € 0.31 ps € 0.36 ps €50.0Mn €45.0 Mn € 0
Slide 14: Sound valuations
Q1 2023 BUSINESS UPDATE Sound valuations 31st December 2022 Valuation €1,473 Mn Including Capex Invested Asset appraisal variations A resilient portfolio of dominant shopping centres in attractive catchment areas. +54.0% Cherry picked assets carefully selected without acquiring portfolios. Assets c.
Slide 15: P&L Q1 2023
Q1 2023 BUSINESS UPDATE P&L Q1 2023 Q1 2023 Q1 2022 Consolidated Income Statement Q1 2023 (€ Millions) Total Total % Growth Revenues 24.2 19.9 +21.2% Other Income 0.9 0.7 Total Income 25.1 20.6 +21.4% Personnel expenses (0.2) (0.3) Other expenses (8.3) (7.4) Changes in the fair value of investment p
Slide 16: Best in class practices in ESG
Q1 2023 BUSINESS UPDATE Best in class practices in ESG Emissions Energy Social contribution Scope 1 + 2 Energy intensity per visitor -27.5% vs 2015 6 assets certified in Universal +2,600 hours dedicated social -95.3% vs 2015 Accesibility. 4 in process. initiatives in 2022 -41.0% vs 2021 -15.4% LfL v
Slide 17: Closing Remarks
_——_ Pi... The REIT for the new retail worldl Closing Remarks
Slide 18: In summary: another quarter of strong results
Q1 2023 BUSINESS UPDATE In summary: another quarter of strong results GROWING SOLID OPERATING MAJOR INCREASE IN RENTS RESULTS PROFIT +21.4% +25.0% c. 5x GRI vs Q1 2022 NOI vs Q1 2022 Net profit vs Q1 2022 MODERATE DEBT IMPROVEMENT IN ONE OF THE HIGHEST LEVEL EPRA FIGURES ORDINARY DIVIDENDS IN OUR HI
Slide 19: 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 20: www.larespana.com
— eu... The REIT . for the new retail worl www.larespana.com
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