Plaza Centers N.v. · LSE:PLAZ
Plaza Centers — Debt Investor Presentation (October 2020)
13 slides from Plaza Centers's debt investor presentation, Oct 19, 2020
Slide 1: Presentation for Bondholders' Meeting
Presentation for Bondholders’ Meeting October 19, 2020 1
Slide 2: Disclaimer
DISCLAIMER The information detailed in this presentation is subject to the general reservations and the risk factors detailed herein. • This presentation does not constitute a proposal and/or an offer and/or invitation by or on behalf of Plaza Centers N.V. (the “Company”) and/or any of its affiliate
Slide 3: Company's Activities in 2020: Sale of assets
Company’s Activities in 2020 Sale of assets in 2020 1. Sale of the land plot in Brasov, Romania for a total gross consideration of circa EUR 0.62 million following which the Company received the last installment of EUR 0.57 million (an advance of EUR 0.05 million was already received in 2019). 2. Up
Slide 4: Company's Activities in 2020: Material events
Company’s Activities in 2020 Material events during 2020 1. Deferral of payment of Bonds (Series A and Series B) and partial Interests’ payment On May 4, 2020 the bondholders approved: (i) to postpone the final redemption date to January 1, 2021; (ii) that on July 1, 2020 the Company will pay to its
Slide 5: Financial Highlights
Financial Highlights Financial Overview Consolidated Statement of Financial Position and Statement of Profit or Loss (EUR 000) Results (€ 000) cont. Consolidated Statements of Financial Position June 30, December 31, Consolidated Statement of Profit or Loss June 30, June 30, (EUR 000) 2020 2019 (EUR
Slide 6: Financial Highlights: Assets Book Value
Financial Highlights Assets Book Value 30.06.2020 Book Value Project Country Type June 30, 2020 (EUR M) Casa Radio * Romania Plot 37.4 Bangalore ** India Plot 13.0 Chennai *** India Plot 5.8 56.2 * Due to the material changes in the Real Estate markets the Company decided to perform through the exte
Slide 7: Financial Highlights: Debt
Financial Highlights Debt Debt structure Structure of the(€Group of the Group Millions) Debentures (Adjusted Par Value) 88.43 Debt Accrued interests 6.95 Total Debt including accrued interests 95.38 Trading property (including India)* 34.24 Resources Current assets and liabilities, net 2.35 Total so
Slide 8: Capital Markets & Debt Restructuring – History of capital raising
Debt Capital Markets & Debt Restructuring – History of capital raising and bond History of corporate debt raisings and bond repayments by the Company repayments by the Company Series A Series B Israeli Bonds Israeli Bonds NIS Bond raising (2007-2011) 401,850,451 1,483,126,346 Interest accrued and ca
Slide 9: Projected Cash Flows
Projected Cash Flows Projected Cash Flows (€ Millions) In € millions Q4 2020- End of -2021 Cash - Opening Balance 2.26 (2) Proceeds from sales transactions, price adjustments - Cashflow from equity companies in India (3) 0.70 Total Sources 2.96 Debentures - principal - Debentures - interest (4) 0.40
Slide 10: The End
eo di Wee PLAZA CENTERS THE END
Slide 11: Casa Radio: Potential Arbitration Against Romania
CASA RADIO: POTENTIAL ARBITRATION AGAINST ROMANIA Presentation to the Bondholders of Plaza Centers N.V. 19 October 2020 Note A
Slide 12: Introduction
Introduction We were instructed to consider potential claims and counterclaims with respect to the Casa Radio Project in Romania. We analysed the Casa Radio Project in cooperation with a Romanian law firm. We are presenting to you generally our recommendations to Plaza. The board of directors
Slide 13: Our Recommendations
Our Recommendations Plaza should pursue claims against Romania with respect to the Casa Radio Project, while at the same time continuing discussions with respect to the AFI option. ▪ Assuming the dispute isn’t settled first, we estimate that the arbitration process would cost Plaza approximately U
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