59 slides from Impact Developer & Contractor Sa's earnings presentation, February 2021
Slide 1: Presentation Preliminary Results 2020 (Unaudited)
PRESENTATION PRELIMINARY RESULTS 2020 (UNAUDITED) February 2021
Slide 2: Content
CONTENT ▪ ABOUT IMPACT DEVELOPER & CONTRACTOR ▪ FINANCIAL RESULTS ▪ ASSETS HIGHLIGHTS ▪ CAPITAL MARKET AND NET ASSETS ▪ OUR FLAGSHIP PROJECTS • GREENFIELD BANEASA RESIDENCE • GREENFIELD PLAZA • LUXURIA DOMENII RESIDENCE • BOREAL PLUS www.impactsa.ro ▪ FUTURE PROJECTS 2
Slide 3: About Impact Developer & Contractor
ABOUT IMPACT DEVELOPER & CONTRACTOR (“IMPACT”)
Slide 4: Mission, Vision and Values
MISSION, VISION and VALUES VALUES ▪ INTEGRITY. We are honest and promise to always follow and respect the law, take the best decisions and do the right thing for our team, our business, our clients and our business partners, achieving mutual success. ▪ INNOVATE AND LEAD. We seek to be in the upfront
Slide 5: Impact: Years of Innovation
IMPACT: 30 YEARS OF INNOVATION 2020 2018 IMPACT completes IMPACT commences the first two phases the project LUXURIA of the LUXURIA DOMENII RESIDENCE, project with 500 1995 1997 a compound of 680 apartments. IMPACT launches on the IMPACT starts the 2004 apartments. IMPACT starts the IMPACT starts the
Slide 6: What Makes Us Trustworthy?
WHAT MAKES US TRUSTWORTHY? SOLID EXPERIENCE ACCESS TO CAPITAL HIGHLY QUALIFIED TEAM 30 years of expertise in the Listed on BSE, with access to A great team of highly development of flagship real various financing options for own motivated and educated estate projects, the pioneer of projects such as
Slide 7: Global Sustainability
GLOBAL SUSTENABILITY 30 Years on the real estate market demonstrate the power to adapt to the globalization context and the continuous improvement of the business. IMPACT Developer & Contractor is a joint action company which aligns to international business and corporate social responsibility stand
Slide 8: Financial Results
FINANCIAL RESULTS
Slide 9: Highlights (1/6) Year 2020
HIGHLIGHTS (1/6) YEAR 2020 • 369 apartments sold (31,191 sqm built area without common spaces), of which 205 (17,799 sqm) in GREENFIELD Baneasa Residence (“GREENFIELD”) and 164 (13,392 sqm) in LUXURIA Domenii Residence (“LUXURIA”); • 198 pre-sale agreements and reservations on 31 December 2020 (16,0
Slide 10: Highlights (2/6) Year 2020
HIGHLIGHTS (2/6) YEAR 2020 • Continuing the construction works for the 18 villas part of the BOREAL PLUS project envisaged to be completed in the first half of 2021, for which the building permit was obtained in December 2019; • Obtaining the building permit for 341 apartments out of the 676 apartme
Slide 11: Highlights (3/6) Year 2020
HIGHLIGHTS (3/6) YEAR 2020 • The issue of Private Placement bonds of 6.58 mEUR with a fixed interest rate of 6.4% p.a., payable semi- annually. The bonds were issued by IMPACT on 24 December 2020, with a maturity of 6 years and will be listed on the Regulated Market of BVB in the first half of 2021;
Slide 12: Highlights (4/6)
HIGHLIGHTS (4/6) EPRA NRV (mEUR) Revenues from sale of dwellings and land (mEUR) Pre-sales of 24 mEUR as at Dec 2020 EPRA NRV / SHARE (EUR) MARKET CAP (mEUR) www.impactsa.ro 12
Slide 13: Highlights (5/6)
HIGHLIGHTS (5/6) NET DEBT / EPRA NRV TOTAL ASSETS NET DEBT / EBITDA RATING ASSIGNED BY S&P EPRA VALUE OF LAND “B-” 166 Outlook mEUR www.impactsa.ro Stable 13
Slide 14: Highlights (6/6)
HIGHLIGHTS (6/6) www.impactsa.ro 14
Slide 15: Consolidated Statement of Profit or Loss
FINANCIAL RESULTS CONSOLIDATED STATEMENT OF PROFIT OR LOSS 2020 2019 2018 EUR thousand (unaudited) (audited) (audited) Revenue from real estate inventories 42,720 33,019 21,819 Costs of real estate inventories (29,714) (17,682) (13,212) Gross profit 13,006 15,337 8,607 Net rental income 234 1 663 Ge
Slide 16: Consolidated Statement of Financial Position
FINANCIAL RESULTS CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31 Dec 2020 31 Dec 2019 31 Dec 2018 EUR thousand (unaudited) (audited) (audited) Property, plant and equipment 1,520 1,786 1,470 Intangible assets 28 30 20 Investment property 93,096 80,393 46,552 Financial assets 443 - - Long term trade
Slide 17: Consolidated Statement of Cash Flow
FINANCIAL RESULTS CONSOLIDATED STATEMENT OF CASH FLOW 2020 2019 2018 EUR thousand (unaudited) (audited) (audited) Profit for the period 15,297 32,556 4,477 Adjustments for: Depreciation and amortisation 359 195 192 Write-offs, net (400) (826) 790 Changes in fair value of investment property (13,151)
Slide 18: Assets Highlights
ASSETS HIGHLIGHTS
Slide 19: EPRA NAV and EPRA Total Assets
EPRA NAV AND EPRA TOTAL ASSETS EPRA vs. IFRS ASSETS www.impactsa.ro 19
Slide 20: Apartments
APARTMENTS Apartments stock as at December 2020 IFRS IFRS EPRA EPRA No. of book value book value value value Project Location rooms Units (mRON) (mEUR) (mRON) (mEUR) GREENFIELD I Bucharest (Baneasa) 2, 3, 4 3 1.0 0.2 1.5 0.3 GREENFIELD II Bucharest (Baneasa) 4 1 0.3 0.1 0.5 0.1 GREENFIELD III Buchar
Slide 21: Land
LAND Land as at December 2020 IFRS IFRS EPRA EPRA Surface book value book value value value Location City (ha) (mRON) (mEUR) (mRON) (mEUR) GREENFIELD BANEASA Bucharest 39.6 294.6 60.5 446.5 91.7 LUXURIA DOMENII Bucharest (Expozitiei Blvd.) 0.7 14.1 2.9 44.8 9.2 Bd. Timisoarei - Bd. Ghencea Bucharest
Slide 22: Capital Market and Net Assets
CAPITAL MARKET AND NET ASSETS
Slide 23: Capital Market and Net Assets
CAPITAL MARKET and NET ASSETS METRICS 31-Dec-17 31-Dec-18 31-Dec-19 31-Dec-20 Price per share (EUR) 0.23 0.21 0.31 0.39 • The shares of IMPACT Number of shares (Impact Developer & Contractor) 277,866,574 277,866,574 274,443,532 265,000,000 Developer & Contractor SA Market capitalization (EUR thousan
Slide 24: Our Flagship Projects: Greenfield Baneasa Residence
OUR FLAGSHIP PROJECTS GREENFIELD BANEASA RESIDENCE (“GREENFIELD”, Bucharest)
Slide 25: Greenfield Baneasa Residence: Neighbourhood Embraced by the Forest
GREENFIELD BANEASA RESIDENCE THE NEIGHBOURHOOD EMBRACED BY THE FOREST www.impactsa.ro The unique location, represented by a quiet environment and superior air quality, characteristics usually identified in a mountain town located at an altitude of over 1000 m, make GREENFIELD the ideal place for fam
Slide 26: Greenfield Baneasa Residence: Location
GREENFIELD BANEASA RESIDENCE LOCATION The privileged position of the Greenfield compound, in the North area, allows quick access to any point of interest, whether it is the www.impactsa.ro business area of the city, the most select shopping area or top schools and kindergartens. For those who love
Slide 27: The Largest Residential Development in Bucharest
GREENFIELD BANEASA RESIDENCE THE LARGEST RESIDENTIAL DEVELOPMENT IN BUCHAREST ON THE PATH TO BECOME THE NEW REFERENCE IN RESIDENTIAL FACILITIES Public transport, private school, parks and playgrounds, Community Center - public school, public kindergarten, ride-sharing options, Greenfield Plaza inclu
Slide 28: Community Center Map
GREENFIELD BANEASA RESIDENCE COMMUNITY CENTER MAP IMPACT OFFICE GREENFIELD BUILDING PLAZA STB TERMINAL PUBLIC SCHOOL PUBLIC KINDERGARTEN www.impactsa.ro 28
Slide 29: Community Facilities
GREENFIELD BANEASA RESIDENCE COMMUNITY FACILITIES The largest community center, dedicated to a residential community Greenfield marks the beginning of a new development phase of the residential project, by building a community center. This www.impactsa.ro will bring a new standard of comfort and eff
Slide 30: Becoming the Largest Green Project in Eastern Europe
GREENFIELD BANEASA RESIDENCE BECOMING THE LARGEST GREEN PROJECT IN EASTERN EUROPE Key development areas : • Large scale use of renewable energy • High energy efficiency buildings & systems • Efficient & sustainable water management • Waste management • Low emissions transportation solutions • Smart
Slide 31: High Energy Efficiency Buildings: BREEAM Excellent Goal
GREENFIELD BANEASA RESIDENCE HIGH ENERGY EFFICIENCY BUILDINGS & SYSTEMS: BREEAM EXCELLENT GOAL We have started the planning of the next phase of GREENFIELD with the objective to meet BREEAM Excellent certification. The use of sustainable and healthy materials will guide the selection of building sol
Slide 32: Net Zero Energy Building
GREENFIELD BANEASA RESIDENCE NET ZERO ENERGY BUILDING Passive sustainable design • Building geometry • Natural lighting • Natural ventilation Energy saving techniques (EST) • Building envelope design • Heat storage system • Lighting design Renewable energy (RE) • Photovoltaic system • Geothermal sys
Slide 33: Phases of Development 2007-2028
GREENFIELD BANEASA RESIDENCE 5 PHASES OF DEVELOPMENT BETWEEN 2007 - 2028 PANORAMIC PHASE 1 PHASE 5 PHASE 4 PHASE 2 PHASE 3 www.impactsa.ro The first 3 phases were completed by 2019 The next phases are about to be developed by the end of 2028 Phase 1: 680 apartments & Villas Phase 4 – Teilor: 1,732 a
Slide 34: Greenfield Plaza (Bucharest)
GREENFIELD PLAZA (Bucharest)
Slide 35: Greenfield: The Largest Community Center
GREENFIELD THE LARGEST COMMUNITY CENTER LAND FUNCTIONS DESCRIPTION SURFACE GREENFIELD Office, Commercial, 21,496 sqm PLAZA Services, SPA PUBLIC 800 pupils capacity 6,000 sqm SCHOOL PUBLIC 150 children 3,200 sqm KINDERGARTEN capacity STB TERMINAL End line of Bucharest 1,375 sqm public transport www.i
Slide 36: Greenfield Community Center Map
GREENFIELD COMMUNITY CENTER MAP GREENFIELD PUBLIC PLAZA KINDERGARTEN PUBLIC SCHOOL IMPACT OFFICE BUILDING STB TERMINAL www.impactsa.ro 36
Slide 37: Greenfield Plaza: About the Project
GREENFIELD PLAZA ABOUT THE PROJECT NEW URBAN FACILITIES AND EXPERIENCES GREENFIELD PLAZA is a commercial and leisure center, a complementary project of the residential complex GREENFIELD BANEASA RESIDENCE, which is addressed to both residents and the general public. SMART LIVING Having close to home
Slide 38: Greenfield Plaza: Green Solutions
GREENFIELD PLAZA GREEN SOLUTIONS ✓ Roof mounted photovoltaic panels for heating pool water ✓ High capacity charging stations for electrical cars ✓ Hub for car sharing solutions (including electric only car sharing platform) ✓ Hub for other eco-friendly mobility solutions: bike sharing, electric scoo
Slide 39: Project Structure & Key Strengths
GREENFIELD PLAZA PROJECT STRUCTURE & KEY STRENGTHS Total rentable & Launch date Height regime Parking spaces Total land surface operating area Q1 2022 P+1 200 17,200 sqm 6,730 sqm 3,774 1,961 753 242 sqm sqm sqm sqm WELLNESS FOOD SERVICES KIDS ▪ Community area dedicated to the future City of GREENFI
Slide 40: Public School & Kindergarten
GREENFIELD PLAZA PUBLIC SCHOOL & KINDERGARTEN Public school IMPACT Developer & Contractor submitted to the Municipality of Bucharest the donation Built Area 2071 sqm offer of 9,620 sqm for the construction of a school and a public kindergarten. The offer Developed Area 2119 sqm was accepted by Resol
Slide 41: Our Flagship Projects: Luxuria Domenii Residence
41 OUR FLAGSHIP PROJECTS LUXURIA DOMENII RESIDENCE (“LUXURIA”, Bucharest)
Slide 42: BREEAM Excellent Certification
LUXURIA RESIDENCE BREEAM EXCELLENT CERTIFICATION LUXURIA is the first up-scale residential development that received the BREEAM Excellent certification, being from the beginning designed to fit into the Class A energy and the category of green buildings. BREEAM level enhances the well-being of the p
Slide 43: Luxuria Residence: Excellent Location
LUXURIA RESIDENCE EXCELLENT LOCATION www.impactsa.ro Located in the northern part of Bucharest, District 1, between Expoziției Boulevard and Aviator Popişteanu Street, LUXURIA is the place where the art of living in style combines with business facilities. 43
Slide 44: Luxuria Residence: Excellent Location
LUXURIA RESIDENCE EXCELLENT LOCATION Top-rated location ▪ District 1, the Northern area of Bucharest, between Expozitiei Boulevard and Aviator Popisteanu Street Easy access ▪ 5 minutes away from 1 Mai underground station ▪ 2 minutes to multiple public transport options ▪ Direct access to DN1 Ploiest
Slide 45: Premium Project
LUXURIA RESIDENCE PREMIUM PROJECT Quality living. Contemporary. Secure. www.impactsa.ro The buildings in Luxuria Residence have a contemporary design, which include granit and marble used for stairs and common areas and last generation of silent elevators. Spacious rooms with high ceilings up to thr
Slide 46: BREEAM Excellent Pre-Certified Project
LUXURIA RESIDENCE BREEAM EXCELLENT PRE-CERTIFIED PROJECT Energy Efficiency Clean Transportation Health & Well-Being Enhancing site ecology & Long- Energy monitoring Encourage alternative transport Seek for visual comfort term effect on biodiversity Lighting control Proximity to amenities Indoor air
Slide 47: Amenities & Vicinities
LUXURIA RESIDENCE AMENITIES & VECINITIES AMENITIES ▪ Luxuria Park - 2.500 sqm park, with a total area of 9,650 sqm of green spaces ▪ Concierge – 24/7 ▪ Lounge – a place for perfect recreation, communication and networking ▪ Fitness center – gym with state- of-the-art equipment ▪ Playgrounds – guarde
Slide 48: Development Calendar
LUXURIA RESIDENCE DEVELOPMENT CALENDAR PHASE III PHASE II PHASE I The project development has started in April 2018, with 3 buildings comprising 232 apartments and it was completed in March 2020. Phase II consists of 4 buildings with 268 units, with construction works taking place between October 20
Slide 49: Boreal Plus (Constanta)
BOREAL PLUS (Constanta)
Slide 50: Boreal Plus: New Standard of Living in Constanta
BOREAL PLUS THE NEW STANDARD OF LIVING IN CONSTANTA In the North of Constanța, away from the agitation and pollution of the city, BOREAL, a residential complex where 150 families started a new life, was built. In the immediate vicinity, Boreal Plus is now being developed. Every family needs a place
Slide 51: Boreal Plus: Key Facts
BOREAL PLUS THE NEW STANDARD OF LIVING IN CONSTANTA 694 43,000 sqm 62.8 mil € 2020 - 2024 Kaufland UNITS LAND AREA USED MARKET VALUE TIMING Of which 18 single or Located in one of the best The location in a The entire project will be In 2019 the IMPACT duplex villas and 676 rated residential areas o
Slide 52: Boreal Plus: About the Project
BOREAL PLUS ABOUT THE PROJECT EXCELLENT LOCATION SMART DEVELOPMENT MODERNITY STATEMENT The location is extremely attractive for BOREAL PLUS aims to become the new The architectural style of the buildings residential development targeting the standard in housing in Constanța, using in BOREAL PLUS, th
Slide 53: Boreal Plus: Location
BOREAL PLUS LOCATION WELL RATED LOCATION IN NORTHERN CONSTANTA Excellent connectivity: ▪ Tomis Boulevard in front of the ensemble; ▪ 5 minutes from the A2 Motorway and 15 minutes from the A4 Motorway, the city center ▪ 15 minutes from the beach; ▪ 5 minutes from the university campus. Excellent posi
Slide 54: Boreal Plus: Facilities
BOREAL PLUS FACILITIES TOP AMENTITIES IN THE COMPOUND ▪ 12,000 sqm of landscaped green spaces ▪ Controlled access as a whole ▪ Hypermarket Kaufland ▪ Kindergarten ▪ Commercial ▪ Park with playgrounds ▪ Sports field ▪ Private parking spaces www.impactsa.ro 54 54
Slide 55: Boreal Plus: Exceptional Finishes
BOREAL PLUS FACILITIES EXCEPTIONAL FINISHES ▪ Marble, granite and triple layered parquet, central heating for villas ▪ Porcelain stoneware and faience, high quality laminate flooring, for apartments ▪ Premium sanitary ware, recognized in the market by the quality and comfort offered www.impactsa.ro
Slide 56: Boreal Plus: Apartments Development Phases
BOREAL PLUS APARTMENTS - DEVELOPMENT PHASES www.impactsa.ro The project will be developed on 4 ha of land and will bring on the market 18 villas and 676 apartments estimated to be delivered as follows: 18 villas in 2021, 344 apartments (phases 1&2) in 2021-2022 and 332 apartments (phases 3&4 ) in 20
Slide 57: Future Projects 2020-2024
FUTURE PROJECTS 2020 - 2024
Slide 58: Residential Projects to Be Developed 2020-2024
REZIDENTIAL PROJECTS TO BE DEVELOPED DURING 2020 – 2024 WITH AN ESTIMATED VALUE OF 567 mEUR Projects Developed 2020 - 2024 Land Area No of Construction GDV/GAV GBA/GLA* CAPEX Developed Projects phases Period Years mEUR sqm mEUR sqm GREENFIELD BANEASA Residence 10 2020-2024 223.27 208,313 127.83 109,
Slide 59: Thank You!
www.impactsa.ro THANK YOU! 59