Bulgarian Real Estate Fund Reit · BSESOF:BREF
Bulgarian Real Estate Fund Reit — Investor Presentation (March 2017)
19 slides from Bulgarian Real Estate Fund Reit's investor presentation, March 2017
Slide 1: Bulgarian Real Estate Fund
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Slide 2: Bulgarian Real Estate Fund - Profile
OFFICE DEVELOPER AND INVESTOR Page 1 Bulgarian Real Estate Fund - Profile Established in 2004 BREF is one of the first Bulgarian REITs (Real Estate Investment Trust) Listed on the Bulgarian Stock Exchange – Sofia (Ticker symbol “5BU”) Capital raised - EUR 35.9 million Realized real estate pr
Slide 3: Mission and Vision
OFFICE DEVELOPER AND INVESTOR Page 2 Mission and Vision Our Mission Bulgarian Real Estate Fund is committed to becoming the leading REIT in Bulgaria. Our Vision To invest in properties that have superb potential for cash- flow growth and capital appreciation and translate that into favorable returns
Slide 4: Business Strategy
OFFICE DEVELOPER AND INVESTOR Page 3 Business Strategy BREF will achieve these objectives by strategically: Originating “Build-To-Suit” projects Focusing on market segments typified by growth potential Developing exceptional quality projects with exclusive location and features Enhancing pro
Slide 5: Shareholders
OFFICE DEVELOPER AND INVESTOR Page 4 Shareholders Our shareholder structure is dominated by institutional local and foreign investors. Over 850 shareholders, the largest of which are , INN Pension Fund, DSK Rodina Pension Fund, CB Allianz Bulgaria Pension Fund, Unicredit Bank Austria AG, Swedbank
Slide 6: Management team
OFFICE DEVELOPER AND INVESTOR Page 5 Management team The key factor for successfully realizing the past projects is our management team, with: Profound construction experience and know-how in property and facility management Extensive knowledge and experience in the financial and real estate sec
Slide 7: BREF property criteria
OFFICE DEVELOPER AND INVESTOR Page 6 BREF property criteria The Fund specializes in strategic property acquisitions and invests exclusively in high-performing real estates, corresponding to the following criteria: Prime location and good transport accessibility, High quality, covering all client
Slide 8: BREF portfolio track record
OFFICE DEVELOPER AND INVESTOR Page 7 BREF portfolio track record Since the inception of the company BREF has invested over 90 mln euro in 13 real estate projects in different real estate sectors in Bulgaria Out of 13 projects 7 are opportunistic, 4 development and 2 BREF portfolio March 2017 inves
Slide 9: Financial highlights
OFFICE DEVELOPER AND INVESTOR Page 8 Financial highlights Raised capital – EUR 35.9 million Investments – EUR 90 million Sales of real estate – EUR 80 million Return on equity paid through dividends – 81.16% (EUR 29.2 million) NAV March 2017 – EUR 36.16 million NAV per share – EUR 1.79 p
Slide 10: BREF tenants
OFFICE DEVELOPER AND INVESTOR Page 9 BREF tenants
Slide 11: Mr. Bricolage – “Sale and Leaseback” project
OFFICE DEVELOPER AND INVESTOR Page 10 Mr. Bricolage – “Sale and Leaseback” project BREF has entered a “sale and leaseback” project for two retail outlets of the French “Do-It-Yourself” retail chain Mr. Bricolage in Bulgaria. The stores are located in Sofia and Varna and are the two best performing a
Slide 12: Business Park Sofia – Building 1B - office project
OFFICE DEVELOPER AND INVESTOR Page 11 Business Park Sofia – Building 1B - office project Building 1B is part of Business Park Sofia, which has developed as a landmark in Sofia. This is the most developed area offering to its residents the ideal business environment. Some of the amenities that the co
Slide 13: Kambanite Green Offices – development office project
OFFICE DEVELOPER AND INVESTOR Page 12 Kambanite Green Offices – development office project Kambanite Green Offices is a modern office building designed by the highest international standards and the latest architectural tendencies to ensure the quality office areas your business needs. It is a susta
Slide 14: Apartment house "Sequoia 2" – Borovetz
OFFICE DEVELOPER AND INVESTOR Page 13 Apartment house "Sequoia 2" – Borovetz In the end of 2007 BREF acquired a newly built apartment house “Sequoia 2” in Borovetz resort. The property is part of the apartment complex "Sequoia Borovets“, which offers all services to be found in a five-star hotel. Th
Slide 15: Pipeline Projects
OFFICE DEVELOPER AND INVESTOR Page 14 Pipeline Projects Development land plot – Veliko Turnovo In 2006, BREF acquired a 203,000 sq.m. land plots, located on the main road Sofia-Varna, in the vicinity of Veliko Turnovo. After the sales in the last two years the remaining properties owned by BREF ha
Slide 16: Pipeline Projects (cont’d)
OFFICE DEVELOPER AND INVESTOR Page 15 Pipeline Projects (cont’d) Development land plots – adjacent to Business Park Sofia (Sofia) BREF is owner of 15 land plot situated on Sofia’s Ring Road in its crossing point with “Alexander Malinov” Blvd., to the west of Business Park Sofia. After the regulati
Slide 17: Future plans
OFFICE DEVELOPER AND INVESTOR Page 16 Future plans To continue invest in first class properties through : Acquisition of high class buildings Development of class A office buildings in Sofia with prime location Development of high-end residential properties Acquiring big plots of agricultura
Slide 18: Favorable Legislation
OFFICE DEVELOPER AND INVESTOR Page 17 Favorable Legislation Equal treatment of major and minor shareholders, as well as easy exit from investments REITs are required to provide extensive disclosure regarding their activities, distribution of dividends (at least 90% of the cash profits), protection
Slide 19: Contact details
OFFICE DEVELOPER AND INVESTOR Page 18 Contact details: The Headquarters of BREF and REM Ltd. are at: Address: Bulgaria 1113 Sofia, 3A Nikolay Haytov Str., floor 1 Tel.: +359 2 980 93 09 Fax.: +359 2 981 06 03 E-mail: bref@brefbg.com Website: www.brefbg.com
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