Castellana Properties Socimi Sa · BME:YCPS
Castellana Properties Socimi Sa — H1 FY2022 Earnings Presentation
29 slides from Castellana Properties Socimi Sa's earnings presentation, November 2021
Slide 1: H1FY22 Financial Results Presentation
H1FY22 April 2021 - September 2021 FINANCIAL RESULTS PRESENTATION 1
Slide 2: Key Highlights
KEY HIGHLIGHTS HIGHLIGHTS MAIN KPI’s PERFORMANCE 2
Slide 3: Highlights
KEY HIGHLIGHTS / RESULTS PRESENTATION HIGHLIGHTS FINANCIAL OPERATIONAL VALUE PERFORMANCE PERFORMANCE CREATION GAV of €976 million at September 2021 (1.6% Capex investments of c. €14.7 million in H1FY22 in Repositioning projects are already completed. 100% revaluation over March 2021). Accumula
Slide 4: Main KPIs Performance
KEY HIGHLIGHTS / RESULTS PRESENTATION MAIN KPI’s PERFORMANCE 16 350,271 sqm 97.1 % 13.4 years 95.6 % OPERATIONAL ASSETS GLA OCCUPANCY WAULT RENT COLLECTION €29m €23m €16.9m €457m 2.44% 46.84 % GRI(1) EBITDA(1) NET PROFIT(2) NET DEBT(3) ALL-IN COST NET LTV (4) FINANCIAL €976m 1.6 % (2.6 %) €518m 6.00
Slide 5: Operational Highlights
OPERATIONAL HIGHLIGHTS FOOTFALL & SALES RECOVERY SALES PERFORMANCE PER TENANT CATEGORY CUSTOMER TRENDS DISPOSAL OFFICE PORTFOLIO
Slide 6: Footfall & Sales Recovery
OPERATIONAL HIGHLIGHTS / RESULTS PRESENTATION FOOTFALL & SALES RECOVERY FOOTFALL AND SALES HAVE RETURNED TO PRE-COVID LEVELS CONSOLIDATING THE RECOVERY 1ST WAVE 2ND WAVE 3RD WAVE 4TH WAVE 5TH WAVE 18 120.0% Sales continue to strengthen and surpassed 100% of 2019 level in June and September 16 2021
Slide 7: Sales Performance per Tenant Category
OPERATIONAL HIGHLIGHTS / RESULTS PRESENTATION SALES PERFORMANCE PER TENANT CATEGORY LIKE-FOR-LIKE SALES CONTINUE TO RECOVER ACROSS MOST RETAIL SECTORS By the end of September 2021, the accumulated portfolio sales for YTD LIKE-FOR-LIKE SALES – APR-SEP 2021 VS APR-SEP 2019 FY2022 reached 94.5% of th
Slide 8: Customer Trends
OPERATIONAL HIGHLIGHTS / RESULTS PRESENTATION CUSTOMER TRENDS OMNICHANNEL EXPERIENCE IS VITAL FOR CUSTOMERS The number of people who declare shopping on-off has increased over last The experience shoppers get from physical stores cannot be replicated online. months which reinforces the omnichann
Slide 9: Disposal Office Portfolio
OPERATIONAL HIGHLIGHTS / RESULTS PRESENTATION DISPOSAL OFFICE PORTFOLIO CASTELLANA BECOMES A 100% RETAIL SOCIMI KEY DIVESTMENT HIGHLIGHTS ATTRACTIVE PRICING JUNE 2021 €26.5m 5 YEARS +18% +1% 2.09x Significant premium to original Exit Date Selling Price Investment Premium to Premium to Money purchase
Slide 10: H1FY22 Financial Results
H1FY22 FINANCIAL RESULTS CONSOLIDATED INCOME STATEMENT FINANCIAL DEBT POSITION GRI BRIDGE AND BREAKDOWN GAV BRIDGE AND BREAKDOWN
Slide 11: Consolidated Income Statement
H1FY22 FINANCIAL RESULTS / RESULTS PRESENTATION CONSOLIDATED INCOME STATEMENT FINANCIAL PERFORMANCE € thousand H1FY22 H1FY21(1) Gross rental income (GRI) 29,429 29,940 Total recorded Group GRI, excluding income related to the portfolio operating expenses recoverable from tenants, stands at €29.4 m
Slide 12: Financial Debt Position
H1FY22 FINANCIAL RESULTS / RESULTS PRESENTATION FINANCIAL DEBT POSITION € million 30/09/2021 31/03/2021 Syndicated Loan debt amortized by €13.4m Gross Asset Value (GAV) 976.5 987.2 regarding Konecta Office Buildings sale (1) Gross Debt 506.6 520.2 Cash 52.8 33.5 502.7 (13.6) 489.1 Net Debt(1)(3) 457
Slide 13: GRI Bridge and Breakdown
H1FY22 FINANCIAL RESULTS / RESULTS PRESENTATION GRI BRIDGE AND BREAKDOWN LIFE-FOR-LIKE(2) GROWTH OF 97% RECOVERING GRI AFFECTED BY COVID-19 IN H1FY21 (4) HEADLINE GRI HAS GROWN 5.7% VS PRE-COVID LEVELS SHOPPING CENTRES €45m 70.3% RETAIL PARKS €19m 29.7% LfL GRI GROWTH 64 GROWTH(2) Vs H1FY20 96.7% 5.
Slide 14: GAV Bridge and Breakdown
H1FY22 FINANCIAL RESULTS / RESULTS PRESENTATION GAV BRIDGE AND BREAKDOWN CURRENT VALUATIONS REFLECT THE STRENGTH OF THE PORTFOLIO WITH MINIMAL IMPACT FROM THE PANDEMIC (-2.6%)(1) Total Covid-19 Covid-19 Covid-19 Revaluation Effect Effect (5) (2) (3) Effect (2.4%) (1.6%) 1.6% (1) (2.6%) 1,028.4 1,003
Slide 15: Value Creation
VALUE CREATION LEASING ACTIVITY H1FY22 REPOSITIONING PROJECTS PHASE II LOS ARCOS SHOPPING CENTRE CUSTOMER CENTRICITY ESG 15
Slide 16: Leasing Activity H1FY22
VALUE CREATION / RESULTS PRESENTATION LEASING ACTIVITY H1FY22 COMMERCIAL PERFORMANCE MAIN BUSINESS KPI´S PORTFOLIO ALMOST FULLY LET 94 €4.5m 30 SEPTEMBER 2021 97.1% LEASES SIGNED NEW RENT SIGNED 31 MARCH 2021 98.29% 28 66 €1.2m €3.3m RENEWALS NEW CONTRACTS RENEWALS NEW CONTRACTS RENT ARREARS UNDER 5
Slide 17: Repositioning Projects
VALUE CREATION / RESULTS PRESENTATION REPOSITIONING PROJECTS Value-added redevelopment projects in LOS ARCOS, BAHÍA SUR and EL FARO, have strengthened the existing EL FARO BAHÍA SUR LOS ARCOS offerings and dominance of the centres through the addition of new and exciting retailers, the creation of p
Slide 18: Phase II Los Arcos Shopping Centre
VALUE CREATION / RESULTS PRESENTATION PHASE II LOS ARCOS SHOPPING CENTRE SOLIDIFYING THE LEADING POSITION OF LOS ARCOS, ENSURING THE MOST ATTRACTIVE LEISURE AND FOOD AREA TOTAL INVESTMENT €15.6M DEADLINE Positive advances on the licensing process with the Town Hall H1 Presentation of the project
Slide 19: Customer Centricity: Launch of Sherpa Food
VALUE CREATION / RESULTS PRESENTATION CUSTOMER CENTRICITY LAUNCH OF SHERPA FOOD! ORDER YOUR FOOD THROUGH SHOPPING CENTRE APP AND WE DELIVER TO YOUR HOME! Castellana has launched the first food marketplace in Bahia Sur shopping centre in Spain. We aim to implement a comprehensive solution to offer
Slide 20: ESG 1/2 – Environmental
VALUE CREATION / RESULTS PRESENTATION ESG 1/2 – ENVIRONMENTAL ENVIRONMENTAL WE IMPROVE OUR BUILDINGS TO REDUCE OUR CARBON FOOTPRINT AND COMBAT CLIMATE CHANGE. ACTIONS CARRIED OUT Energy audits completed for Shopping Centers BREEAM Certificate renewed for all of our Shopping Centers: - BREEAM Bui
Slide 21: ESG 2/2 – Social & Governance
VALUE CREATION / RESULTS PRESENTATION ESG 2/2 – SOCIAL & GOVERNANCE SOCIAL GOVERNANCE WE ARE COMMITTED TO WORKING TOGETHER THE HIGHEST STANDARDS OF WITH THE COMMUNITIES IN WHICH WE GOVERNANCE IN OUR COMPANY OPERATE. AND IN THE RELATIONSHIP WITH ALL OUR STAKEHOLDERS SOCIAL INITIATIVES AT OUR PROPERTI
Slide 22: Thank You
THANK YOU 22
Slide 23: Appendix
APPENDIX CUSTOMER CENTRICITY OUR PORTFOLIO TOP 10 ASSETS
Slide 24: Customer Centricity
APPENDIX / RESULTS PRESENTATION CUSTOMER CENTRICITY CONTINUOUSLY LAUNCHING EXCITING AND IMPACTFUL EVENTS ACROSS THE PORTFOLIO TO DRIVE TENANT’S SALES, AS WELL AS FOSTERING BROADER COMMUNITY BENEFITS COMERCIOPOLY’S GAME ROADSHOW ESG CAMPAIGN AGAINST CYBERBULLING IN THE ENTIRE PORTFOLIO www 9,4K 11,6K
Slide 25: Our Portfolio
APPENDIX / RESULTS PRESENTATION OUR PORTFOLIO WELL DIVERSIFIED ACROSS SPAIN 1 El Faro 9 4% 2 Bahía Sur 3 Los Arcos 4 Granaita 5 10% 5 Vallsur 6 Habaneras 7 Puerta Europa 8 4% 16 8 Parque Oeste de Alcorcón 15 21% 9 Parque Principado 11 8% 10 Marismas de Polvorín 1 12 11 La Heredad 6 12 La Serena 4% 3
Slide 26: Spanish Portfolio Overview: Top Assets
APPENDIX / RESULTS PRESENTATION SPANISH PORTFOLIO OVERVIEW TOP 10 ASSETS EL FARO BAHÍA SUR LOS ARCOS GRANAITA (1) VALLSUR GAV €163.4m €143.4m €133.4m €104.3m €88.5m Province Badajoz Cádiz Seville Granada Valladolid Catchment Area (Inhabitants) 517,491 674,250 1,499,884 628,002 477,746 Gross Lettable
Slide 27: Spanish Portfolio Overview: Top Assets
APPENDIX / RESULTS PRESENTATION SPANISH PORTFOLIO OVERVIEW TOP 10 ASSETS PARQUE OESTE (1) MARISMAS DEL HABANERAS PUERTA EUROPA PARQUE PRINCIPADO POLVORÍN GAV €84.6m €65.9m €50.3m €35.0m €27.6m Province Alicante Cádiz Madrid Oviedo Huelva Catchment Area (Inhabitants) 531,670 311,110 5,856,325 866,511
Slide 28: Disclaimer
RESULTS PRESENTATION DISCLAIMER PURPOSE OF THIS PRESENTATION AND LIABILITY ACCOUNTING STANDARDS APPLIED This document has been prepared by Castellana Properties SOCIMI, S.A. ("Castellana Properties") This document and the information presented herein was prepared by Castellana Properties solely with
Slide 29: Contact details
Rubén Darío, 3 28010 Madrid (+34) 91 426 86 86 www.castellanaproperties.es
Castellana Properties SOCIMI — H1 FY2022 Earnings Presentation on 6ix