Zambal Spain Socimi Sa · BME:YZBL
Zambal Spain Socimi Sa — Shareholder Meeting (June 2019)
20 slides from Zambal Spain Socimi Sa's shareholder meeting presentation, Jun 28, 2019
Slide 1: Hecho Relevante - Zambal Spain Socimi
HECHO RELEVANTE ZAMBAL SPAIN SOCIMI, S.A. 1 de junio 2019 En virtud de lo previsto en el artículo 17 del Reglamento (UE) nº 596/2014 sobre abuso de mercado y en el artículo 228 del texto refundido de la Ley del Mercado de Valores, aprobado por el Real Decreto Legislativo 4/2015, de 23 de octubre, y
Slide 2: General Shareholders Meeting 28th June 2019
General Shareholders Meeting 28th June 2019 1
Slide 3: 1. Business Highlights
1. Business Highlights More than €1,000M invested since 2013 in Spain Current portfolio of 14 buildings with an acquisition value of €960M 277,861 sqm GLA ~100% Portfolio Occupancy Minimum recourse to bank financing across the entire portfolio Current External RICs Valuation of Portfolio (01/01/2019
Slide 4: 1. Business Highlights
1. Business Highlights ~93% of the portfolio’s GLA being office buildings Medium and long-term leases Multidisciplinary management team with a wide experience in the sector At least 80% profit-sharing as dividends as per SOCIMIs Legislation Net Operating Income (NOI) in 2018: €44.0M * * Net Operatin
Slide 5: 1. Who are we?
1. Who are we? • Zambal Spain Socimi S.A. (hereinafter Zambal) is an investment vehicle created in 2013. Zambal’s purpose is to invest and subsequently manage prime real estate assets in well-consolidated markets. • Zambal is focused on a long-term investment policy, principally based on assets that
Slide 6: 2. 2018 Summary
2. 2018 Summary 1) Zambal is oriented towards the market segment of recurring rents-generating assets, preferably commercial (tertiary use) and located in Madrid and Barcelona: I. The latest transactions Zambal undertook in the last quarter of 2018 have been the acquisition of two office buildings,
Slide 7: 3.1. Like for Like Portfolio Evolution
3.1. Like for Like Portfolio Evolution € € € 6 RICS valuations by an external expert.
Slide 8: 3.1. Like for Like Portfolio Evolution
3.1. Like for Like Portfolio Evolution € € € RICS valuations by an external expert. 7
Slide 9: 3.2. Portfolio Evolution
3.2. Portfolio Evolution € RICS valuations by an external expert. 8
Slide 10: 4. Assets Acquired in 2013
4. Assets Acquired in 2013 PLAZA DE CATALUÑA 23 (Barcelona) DEPARTMENT STORE ▪ Acquisition Date: June 2013 ▪ GLA: 7,393 sqm ▪ Tenant: Triple A International Retailer The property is located on the corner of Plaza de Cataluña and Las Ramblas, one of the most prestigious retail locations in Barcelona.
Slide 11: 4. Assets Acquired in 2014
4. Assets Acquired in 2014 PRINK BUILDING (Madrid) OFFICE BUILDING ▪ Acquisition Date: June 2014 ▪ GLA: 9,798 sqm + 187 parking units ▪ Tenant: ENAGAS Prink Building is strategically located in Embajadores neighborhood, an area enjoying a steady growth due to Madrid Río scheme delivered in 2012, Vic
Slide 12: 4. Assets Acquired in 2015
4. Assets Acquired in 2015 AVDA. DE BURGOS 118 (Madrid) OFFICE BUILDING ▪ Acquisition Date: January 2015 ▪ GLA: 11,237 sqm + 448 parking units ▪ Tenant: BMW An emblematic modern business complex overlooking the A-1 motorway with a premier building specification. The building is facing Castellana nor
Slide 13: 4. Assets Acquired in 2016
4. Assets Acquired in 2016 AVDA. DE MANOTERAS 40 (Madrid) LEISURE CENTRE ▪ Acquisition Date: May 2016 ▪ GLA: 12,923 sqm + 980 parking units ▪ Tenant: Multi Tenant (Main tenant CINESA-AMC) The retail building has a gross lettable area of 12,923 sqm and 980 below ground parking spaces. It is currently
Slide 14: 4. Assets Acquired in 2017
4. Assets Acquired in 2017 SANTIAGO DE COMPOSTELA 96 (Madrid) OFFICE BUILDING ▪ Acquisition Date: November 2017 ▪ GLA: 14,731 sqm + 182 parking units ▪ Tenant: Audiencia Provincial de Madrid Office building located on the M-30 ring road, in the northwest area of Madrid. The property has 14 floors ab
Slide 15: 4. Assets Acquired in 2018
4. Assets Acquired in 2018 NOVUS BUILDING – AV. FUENTE DE LA MORA 1 (Madrid) OFFICE BUILDING CENTRE ▪ Acquisition Date: October 2018 ▪ GLA: 42,945 sqm + 561 parking units ▪ Tenant: Everis HQ, Hilti and Eurest Grade A office building located in Camino Fuente de la Mora 1, in Manoteras business area.
Slide 16: 5. Financial Information
5. Financial Information (€'000) Balance sheet 31/12/2018 31/12/2017 Variance % Variance Non-current assets 919,208 736,631 182,577 24,79% Investment properties 906,824 724,938 181,886 25,1% Long-term investments 12,384 11,693 0,691 5,9% Current assets 26,246 8,651 17,595 203,4% Trade and other rece
Slide 17: 5. Financial Information
5. Financial Information (€'000) Balance Sheet 31/12/2018 31/12/2017 Variance % Variance Equity 745,276 639,408 105,868 16.56% Share capital 646,006 566,006 80,000 14.13% Share Premium 66,522 46,522 20,000 42.99% Reserves 9,275 7,418 1,857 25.03% Treasury shares (535) (581) 46 (7.92%) Profit/(loss)
Slide 18: 5. Financial Information
5. Financial Information (€'000) Income Statement 31/12/2018 31/12/2017 Variance % Variance Incomes 50,895 41,417 9,478 22,9% Total Revenue 50,895 41,417 9,478 22,9% Staff Costs (139) (137) (2) 1,5% Other Operating Expenses (11,242) (8,536) (2,706) 31,7% Fixed Asset Depreciation (13,560) (11,508) (2
Slide 19: 5. Financial Information
5. Financial Information €'000 31/12/2018 (**) 31/12/2017 31/12/2016 Income 50,895 41,417 35,425 EBITDA* 39,521 32,765 28,578 Investment Properties (IP) 906,824 724,938 623,122 % EBITDA / IP 4.36% 4.52% 4.58% * EBITDA is calculated as Operating Result - Fixed Asset Depreciation - Impairment ** The I
Slide 20: 6. Disclaimer
6. Disclaimer This presentation has been prepared by Zambal Spain Socimi, S. A. (the Company) for informational use only. The information contained in this presentation does not purport to be comprehensive or to contain all the information that a prospective purchaser of securities of the Company ma
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