Helios Re Socimi, S.a. · BME:SCHLR
Helios Re Socimi — Lar España Real Estate SOCIMI — 9M 2022 Earnings Presentation
21 slides from Helios Re Socimi's earnings presentation, Nov 21, 2022
Slide 1: 9M 2022 Business Update
9M 2022 BUSINESS UPDATE 21st November 2022 www.larespana.com
Slide 2: Contents
Contents 1 2 3 Highlights Financial Closing information remarks and ESG
Slide 3: Presenting Team
Presenting Team Jon Armentia Hernán San Pedro Corporate Director and Investor Relations and CFO of Lar España Corporate Communication Director of Lar España 3
Slide 4: Highlights
=—— lor al ox The REIT 3 for the new retail world paar ~~ ee —_ Highlights
Slide 5: Despite the macro environment, we have achieved major milestones so far this year
Highlights Despite the macro environment, we have achieved major milestones so far this year PRESENTATION OF OUR FITCH AFFIRMS LAR DISTRIBUTION OF A € MN 30 LAST VALUATIONS REMAIN 1 NEW BUSINESS PLAN ESPAÑA’S RATINGS AT “BBB” DIVIDEND STABLE • >€ 500 Mn investment to • Fitch Ratings affirmed Long- •
Slide 6: The company continues to be well prepared for major uncertainties
Highlights The company continues to be well prepared for major uncertainties Rents Occupancy Portfolio Essential activities Retailers Strong results. Increase of occupancy levels 100% refurbished. Higher exposure to food and We strengthened our GRI +7.2%1 vs 9M 2021 with ca. 100% agreements with Sol
Slide 7: And Lar España has proven to be a resilient company
Highlights And Lar España has proven to be a resilient company 2 Footfall 9M 2022: 58.6 Mn of visits Sales 9M 2022: €730.2 Mn 1 -6.7% 1 +4.3% +10.1% -0.9%3 vs 9M 2019 LfL vs 9M 2019 vs 9M 2019 LfL vs 9M 2019 +9.9% +16.0% +1.6%3 vs 9M 2021 LfL vs 9M 2021 LfL vs 9M 2021 1 Like for Like excluding Lagoh
Slide 8: As these operating indicators show
Highlights As these operating indicators show 9.3% ca. 65% 2.6 years Effort rate contracts >2025 WAULT expenses included 95.4% >1,000 Existing Occupancy1 contracts 1 Occupancy in sqm 8
Slide 9: Having a great leasing performance
Highlights Having a great leasing performance 42,015 127 10% €8.6 Mn sqm rotated in operations in Annualised Negotiated 9M 2022 9M 2022 rotation rate rent in 9M22 9
Slide 10: In short, a quarter of strength
Highlights In short, a quarter of strength GRI NOI NET PROFIT NET LTV € 64.1 Mn € 55.4 Mn € 68.4 Mn 38.9% +7.2%1 vs 9M 2021 +10.4%1 vs 9M 2021 5x vs 9M 2021 -5.8% vs 9M 2021 1 Like for Like (excluding 22 supermarkets portfolio) 10
Slide 11: Financial information & ESG
Financial information & ESG 2
Slide 12: 9M 2022 Financial Results
Financial information & ESG 9M 2022 Financial Results EPRA E P R A N T A p.s. GRI NOI NET PROFIT E A R N I N G S p.s. €64.1Mn €55.4Mn €68.4 Mn €0.33 €10.882 +7.2%1 vs 9M 2021 +10.4%1 vs 9M 2021 5x vs 9M 2021 +42% vs 9M 2021 +5% vs Dec 2021 EPRA “TOPPED-UP” COLLECTED GAV WAULT NIY OCCUPANCY RENTS €1,
Slide 13: 9M 2022 Corporate Results
Financial information & ESG 9M 2022 Corporate Results DIVIDEND DIVIDEND YIELD LIQUIDITY OVER MARKET CAP €30.0 Mn 7.0% ca. €200 Mn 1 €0.36 p.s. paid dividend NET LTV AVERAGE COST GREEN BOND ISSUANCES OF DEBT 38.9% 1.8% July 2021 Nov. 2021 100% debt at fixed rate. €400 Mn €300 Mn Maturities beyond 202
Slide 14: Debt evolution
Financial information & ESG Debt evolution Net LTV (%) Evolution Average cost of debt (%) Evolution 41.9% 2.2% 1.9% 40.7% 1.8% 38.9% 2020 2021 2022 2020 2021 2022 14
Slide 15: With the best in class practices in ESG
Financial information & ESG With the best in class practices in ESG MSCI has ratified and confirmed their BBB ESG Rating for Lar España Real EMISSIONS PER VISITOR ENERGY INTENSITY WASTE Estate. Scope 1 + 2 + 3 PER VISITOR RECYCLED BBB MSCI ESG Rating -67.0% vs H1 21 -9.2% vs H1 21 +16.5% vs H1 21 In
Slide 16: Stable valuations
Financial information & ESG Stable valuations 30th June 2022 Valuation €1,470 Mn A resilient portfolio of dominant shopping centers and retail Including Capex Invested parks in attractive catchment areas Asset appraisal variations +53.6% Cherry picked assets carefully Assets c.100% owned, delivering
Slide 17: Attractive dividend: Maintained despite Covid-19 and macro environment
Financial information & ESG Attractive dividend: Maintained despite Covid-19 and macro environment 8.9% Div Yield over CAGR (Compound Average Market Cap 1 Growth Rate) 2014-2021 41% € 0.63 ps € 0.54 ps €55.0 Mn € 0.49 ps 100% EPRA earnings 7.0% Div 50% 7.0% dividend yield on €50.0 Mn 6.7% Div Yield
Slide 18: P&L 9M 2022
Financial information & ESG P&L 9M 2022 9M 2022 9M 2021 Consolidated Income Statement 9M 2022 Total Var % (€ Thousands) Revenues 61,830 58,354 Other Income 2,263 2,053 Total Income 64,093 60,407 +6% Personnel expenses (690) (416) Other expenses (19,854) (24,409) Changes in the Fair Value of investme
Slide 19: Closing remarks
=—— lor al The REIT for the new retail world! Closing remarks
Slide 20: Lar España strengths: Operating results, corporate performance and healthy balance sheet
Closing remarks Lar España strengths: Operating results, corporate performance and healthy balance sheet Resilient through cycles Sound balance, moderate Strong operating results debt & strong cash Sales GRI +7.2% vs 9M 2021 position +16.0% vs 9M 2021 NOI +10.4% vs 9M 2021 Net LTV 38.9% +10.1%1 vs 9
Slide 21: www.larespana.com
—_— lar www.larespana.com
Lar España Real Estate SOCIMI — 9M 2022 Earnings Presentation on 6ix