Xior Student Housing N.v. · EURONEXT:XIOR
Xior Student Housing — Investor Day (November 2022)
100 slides from Xior Student Housing's investor day presentation, Nov 23, 2022
Slide 1: Xior Student Housing Capital Markets Day 23-24 November 2022
Xior Student Housing Capital Markets Day 23-24 November 2022 Porto - Lisbon
Slide 2: Table of contents
Table of contents 1. Day 1: Welcome to Porto 2. Presentation Q3 Results 3. ESG update 4. Presentation Spain & Portugal 5. Day 2: Welcome to Lisbon 6. Integration & transformation 2
Slide 3: Day 1: Welcome to Porto
Day 1: Welcome to Porto 3
Slide 4: Why study in Portugal?
Why study in Portugal? Mediterranean climate Excellent quality of liv ing Attractive destination for international students Internationally recognised courses taught in English In 2021, 7 Portuguese universities were named among the best in the world Next to univ ersities, Portugal also
Slide 5: Porto
Porto Xior Asprela Xior Asprela 456 units Project Boavista Xior Granjo 211 units Xior Granjo Project Boavista Xior locations Universities Exp. 500 units 5
Slide 6: Xior Asprela
Xior Asprela FEATURES NEARBY Common Kitchens (Full Equipped) Next to the university campus with private access through the garden Laundry Room Super Fast Wifi Metro São João (3 mins walking) 24/7 Reception NEARBY ROOMS Study & Library Rooms Lounge Area 342 SUITES – Private room and bathroom, mini fr
Slide 7: Presentation Q3 2022 Results
Presentation Q3 2022 Results 7
Slide 8: Table of contents
Table of contents 1. Activity report - Recap 9M 2022 • Track record • Acquisition Basecamp • Main realisations YTD 2022 2. Operational update • Operational update • Basecamp integration • ESG acceleration 2022-2023 3. Portfolio & Pipeline 4. 9M 2022 Results Q&A Appendix Basecamp portfolio Appendix F
Slide 9: Highlights 9M 2022
Highlights 9M 2022 Strong results with robust balance sheet showing strong kick-off academic year 2022-23 1. +19% EPRA earnings and EPS 2022 2.07 EUR confirmed 2. Internal value creation: accelerating digital transformation process enabling efficiency gains & cost control 3. Optimisation and strateg
Slide 10: Activity report - Recap 9M 2022
Activity report - Recap 9M 2022 10
Slide 11: Track record
Track record 2007 2019 2022 September 2022 - … Founders enter the (BE) March 2019 Entry into Poland – Heading to c. €3.8 bn student housing scene with Warsaw portfolio first asset Entry into & Spain and Portugal Acquisitions: Seraing (BE), c.27,000 units Hasselt (BE), Liège (BE), 43 cities in 8 coun
Slide 12: Successful Acquisition Basecamp
Successful Acquisition Basecamp Rationale Acquisition Basecamp PORTFOLIO OVERVIEW • A major step forward in Xior’s international expansion plan • Geographical diversification and regional complementarity • Adding high quality prime PBSA creating incremental value and cross sell • ESG acceleration by
Slide 13: Other acquisitions 9M 2022
Other acquisitions 9M 2022 Name Project Warsaw Odalys Granada Seraing Liège (BE) Hertz Hasselt (BE) #units c. 521 c. 310 c. 300 161 Est. investment 32 26.5 26 c. 17.5 value (€m) (Theoretical) Gross c. 9% c. 7% In line with market yields In line with market yields yield Exp. Delivery Aug 2024 Q3 2025
Slide 14: New deliveries
New deliveries Namur, BE (206 units) Marivaux, BE (135 units) Voskenslaan, BE (110 units) Odalys Granjo, PT (211 units) 14
Slide 15: Main realisations 9M 2022
Main realisations 9M 2022 ✓ June 2022: Financially favourable ruling to apply for SOCIMI status in Spain ✓ June 2022: New Xior Headquarters (Antwerp Frankrijklei) ✓ Sept. 2022: Xior acquired the remaining 10% shares of XL Fund. Fund is now in full ownernship of Xior ✓ Sept. 2022: Xior acquired the r
Slide 16: Operational Update
Operational Update 16
Slide 17: Positive long-term outlook with strong market dynamics
Positive long-term outlook with strong market dynamics Unique and resilient business model... Total Total Total vs. target target target markets markets markets Total 3.3x more number of 2.9m 1.2m 0.4m 0.7m 5.2m 1.6m 1.2m 0.8m 0.5m 0.4m 4.5m 8.5m students 2.5m students PBSA supply Significant rate1
Slide 18: Operational update academic year 2022-2023
Operational update academic year 2022-2023 Strong demand fuels rentals and rent prices Massive search for student rooms in all four countries o Rental season started significantly earlier in all countries o Higher retention (up to 80%) o All cities rented out in record time Short term nature of
Slide 19: Basecamp integration process in full swing
Basecamp integration process in full swing 1. Stabilise & Optimise the Organisation Integration Management Taskforce appointed: Execute zero measurement “as is” + identify business needs + define desired future org design, roles & responsibilities and behavior 2. Continuation to deliver predicta
Slide 20: ESG acceleration in 2022-2023: Planet
ESG acceleration in 2022-2023 Sustainable buildings & Energy transition Update GFF ongoing with further increase green financing & sustainable buildings in 2022-2023 External certified assets: BREEAM & LEED PLANET Divestment of least sustainable assets Xior Solar: feasibility study to increa
Slide 21: ESG acceleration in 2022-2023: People, Governance, Digital
ESG acceleration in 2022-2023 New HR strategy covering the full employee lifecycle and improved dialogue with students PEOPLE • Second annual employee survey planned Q4 2022 • Focus on onboarding and increasing employee development training hours employees & students • Tenant satisfaction survey and
Slide 22: Portfolio & Pipeline
Portfolio & Pipeline 22
Slide 23: Portfolio overview
Portfolio overview* Belgium – 8 cities 6,619 units Germany – 3 cities 1,108 units Antwerp Leuven Potsdam Brussels Liège/Seraing 21% Leipzig 5% Ghent Namur Aachen Hasselt Mechelen Denmark – 3 cities 1,786 units Lyngby The Netherlands – 17 cities 8,993 units Copenhagen 12% Amsterdam Leeuwarden Vaals A
Slide 24: Increase of lettable units
Increase of lettable units Continuous increase of lettable units 30,000 26,813 25,000 20,000 17,737 15,000 13,755 13,992 13,922 11,046 10,000 7,932 5,505 5,000 3,678 2,531 0 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Mar-22 Jun-22 Sep-22 2026e Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Mar-22 Jun-22 S
Slide 25: Optimisation and strategic review of portfolio & pipeline
Optimisation and strategic review of portfolio & pipeline Portfolio Pipeline Divestment programme of least efficient, least sustainable or Strategic review of projects to be initiated/postponed non-core assets Reported pipeline split into Active pipeline: construction started or already committed
Slide 26: Active pipeline per 30.09.2022
Active pipeline per 30.09.2022 Estimated Investment Estimated # of units Project Permit Expected delivery Rental income value (c. €m)1 (beds) BELGIUM Felix – Antwerp Est. 17.4 ✓ 2024 203 No Campus 3 Eiken – Antwerp Est. 33.8 Exp. 2022 2024 387 No St. Pietersplein – Ghent Est. 6.0 ✓ 2023 50 No Hertz
Slide 27: Landbank pipeline per 30.09.2022
Landbank pipeline per 30.09.2022 Estimated Investment Estimated # of units Project Permit Rental income value (c. €m)1 (beds) BELGIUM Roosevelt – Antwerp Est. 18.0 2023 TBD (> 51) Partially Bagatten – Ghent Est. 4.1 Exp. 2022 50 No Brouck’R – Brussels Est. 17.5 Exp. 2023 130 No Dansaert – Brussels E
Slide 28: 9M 2022 Results
9M 2022 Results 28
Slide 29: Key Financials 9M 2022
Key Financials 9M 2022 9M 2022 results 2022 guidance on target EPRA NAV/share: € 44.06 (+16%) EPS € 1.451 EPS 2022: € 2.07 (+15%) EPRA NTA/share: € 44.03 (+16%) Fully in line with expectations DPS 20222: € 1.66 (+15%) Fair Value Debt Ratio 49.95% c. € 2.9 billion c. € 3.8 billion including pipeline
Slide 30: Sound financing position
Sound financing position Debt maturity profile (September 2022) 300000000 250000000 200000000 150000000 100000000 50000000 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q4 Q1 Q4 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 2025 2025 2026 2026 2026 2026 2027 2027 2029
Slide 31: Finance update
Finance update Debt ratio under 50% • Debt ratio of 49.95% (strategy to keep below 50%) • Total credit lines of €1,644m (€160m undrawn facilities) • Debt maturity: 4.83 years (v s. 4.82 years per 31/12/2021) • Refinancing maturing debt 2023 largely cov ered Interest costs under control • Average cos
Slide 32: Nomination Agreements and Operational metrics
Nomination Agreements1 ✓ 15.35% of annualized total rental income: LT leased via rental & guarantee contracts ✓ Extra 5.93% of annualized total rental income via partnerships with universities Operational metrics Operational metrics 30/09/2022 30/06/2022 31/03/2022 31/12/2021 30/09/2021 30/06/2021 3
Slide 33: NAV evolution
NAV evolution1 in EUR 30/09/2022 30/06/2022 31/12/2021 31/12/2020 31/12/2019 31/12/2018 31/12/2017 EPRA NAV per share 44.06 43.49 38.63 34.87 35.96 31.45 28.14 EPRA NTA per share 44.03 42.72 37.92 33.99 - - - Gross valuation yields 31/12/2021 31/12/2020 31/12/2019 31/12/2018 31/12/2017 31/12/2016 31
Slide 34: Xior market cap development
Xior market cap development C. €1,211M OF EQUITY CAPITAL RAISED1 / €109M DIVIDENDS PAID OUT2 SINCE IPO December 2015 January 2017 March 2018 December 2018 June 2019 June 2020 Nov 2020 June 2022 Sep 2022 €87.8m €5.1m €18.1m €30.0m €18.1m €7.5m €54.7m €11m €296m Initial public offering CIK as part of
Slide 35: Outlook EPS & DPS: Double digit growth for 2022
Outlook EPS1 & DPS2: Double digit growth for 2022 Guidance earnings per share (€) € 1,20 € 1,15 1. EPS – group share. 35 2. Subject to approval AGM.
Slide 36: Q&A
Q&A 36
Slide 37: Appendix Basecamp portfolio
Appendix Basecamp portfolio 37
Slide 38: Basecamp Portfolio overview – Germany & Poland
Basecamp Portfolio overview – Germany & Poland 1 Potsdam 5 operational assets + 1 project 4 Łódź I #units/ beds 263/ 263 DE PL #units/ beds 487/ 624 Est. investment Est. investment value (€m) 220.7 109.0 Est. investment 28.3 30.8 value (€m) value (€m) Opening date Oct 2017 Opening date Nov 2017 2 Le
Slide 39: Basecamp Portfolio overview – The Nordics
Basecamp Portfolio overview – The Nordics 1 Lyngby Student 3 operational assets + 2 projects 3 Aarhus #units/ beds 639/ 639 DK SE #units/ beds 650/ 650 Est. investment Est. investment value (€m) 455.2 113.7 Est. investment 150.4 149.9 value (€m) value (€m) Opening date Aug 2020 Opening date Aug 2023
Slide 40: Appendix Financials
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Slide 41: Key financials 30.09.2022 – P&L
Key financials 30.09.2022 – P&L1 in KEUR 30/09/2022 30/09/2021 Net rental result 75,635 53,998 +40.07% Real estate result 71,749 52,916 Operating result before result on the portfolio 50,521 38,162 Financial result (excl. variations in the fair value of financial assets and liabilities) -8,414 -6,94
Slide 42: Key financials 30.09.2022 – Balance sheet and per share
Key financials 30.09.2022 – Balance sheet In KEUR 30/09/2022 31/12/2021 Equity 1,517,002 1,003,852 Equity – group share 1,516,941 984,436 Fair value of the real estate property1 2,943,884 1,967,056 Debt ratio (Law on Regulated Real Estate Companies)2 49.95% 47.58% Key financials 30.09.2022 – Figures
Slide 43: Nomination agreements – rental contracts
Nomination agreements1 University City Location #units End date RENTAL CONTRACT Saxion Hogescholen Enschede Ariënsplein 113 31/07/2026 Saxion Hogescholen Enschede Ariënsplein 1 (educational facility) 31/08/2027 Saxion Hogescholen Enschede Ariënsplein 1 (educational facility) 28/02/2029 Saxion Hogesc
Slide 44: Nomination agreements – guarantee contracts and partnerships
Nomination agreements1 University City Location #Units End date GUARANTEE CONTRACT Vrije Universiteit Amsterdam Naritaweg 30 31/08/2022 Hogeschool Zuyd Maastricht Vijverdalseweg 60 31/07/2022 Hogeschool Zuyd Maastricht Annadal 18 31/07/2022 Rotterdam School of Rotterdam Woudestein 21 31/12/2021 Mana
Slide 45: Appendix organisation
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Slide 46: Corporate governance – Board of Directors
Corporate governance – Board of Directors W I LFR I ED N EVEN CHR I ST I AN T EUN I SSEN FR EDER I K SN AUWAERT Cha i r man of the B oa r d Executi ve d i r ector & CEO Executi ve d i r ector & CFO From 1997 until 2008 mainly activ e Prev iously activ e as a senior auditor Vice-CEO and Ch ief Custom
Slide 47: Shareholder structure
Shareholder structure1 Free Float Aloxe NV STH2 E2H3 72,16% 14,47% 7,24% 6,13% Xior Student Housing NV 1. As per 10 October 2022. 2. ST Holdings Sàrl, a limited liability company incorporated under the laws of the Grand Duchy of Luxembourg and fully owned subsidiary of ESHF I. 3. ESHF 2 Holdings Sàr
Slide 48: Market overview
Market overview Number of ~491,000 ~817,000 ~1,630,000 ~375,000 ~1,204,000 ~2,891,000 ~363,000 ~703,000 students o.w. international 9% 10% 8% 13% 7% 11% 11% 6% students Supply rate PBSA 27% 26% 6% 6% 10% 11% 22% 20% 82 public 14 public 390 universities 8 public 38 public > 350 officially 12 universi
Slide 49: Strengths
Student Housing with the factor Strenghts Pure player in student housing Defensive & solid asset class Long term owner & operator Diversified continental BE-REIT Full value chain in house Sustainable growth strategy Young portfolio Focus on earnings per share (EPS) Cooperation with universities & co
Slide 50: Market drivers
Market drivers • Rise in international students • Brexit & affordable education on the continent Existing shortage • International mobility Professionalisation of the market • Increased access to higher education Further consolidation • Increase in ETP’s (English Taught Programs) More regula
Slide 51: Group structure
Group structure XIOR STUDENT HOUSING (Public RREC) Limited liability company (“naamloze v ennootschap”) Registered office: Frankrijklei 64-68, 2000 Antwerp KBO 0547.972.794 (RPR Antwerp, Antwerp Department) Belgian Public REIT (BE-REIT) STRUCTURE Aloxe NV, the holding company held by the C
Slide 52: Our colour is red but we act green: ESG update
OUR COLOUR IS RED BUT WE ACT GREEN ESG UPDATE 52
Slide 53: Xior's sustainability strategy
Xior’s sustainability strategy Our contribution to the SDG’s – Sustainable Development Goals Our strategy is based on 2 pillars covering 5 materialities on stakeholder analysis 1. Best in class organisation and employees ♦ Ethics and integrity ♦ Health, safety and wellbeing of employees 2. Happy stu
Slide 54: Social: Family – Corporate Values
Social: FAMILY Corporate Values Focus on the client: How can I help? We will always put the client first and keep them in mind when making a decision. Act sustainably: We care for the planet and striv e to continue to improv e our efforts to reduce our climate impact. Move as one team: We are one te
Slide 55: Social: employees
Social: employees Code of conduct: values and policies New HR organisation Define measurable KPIs Annual employee survey Focus on development training hours Improved onboarding for new employees More internal communication: CEO update, Thirsty Thursday, News &People Flash, ... Xioriz
Slide 56: Move as one team: YES WE DID!
Move as one team: YES WE DID! 56
Slide 57: Social: tenants - Improve dialogue with students
Social: tenants - Improve dialogue with students Tenant satisfaction survey Digitisation: Freshdesk, web shop, student app, ... Charity Sports (10 miles, …) “If you really want a booming business, you have to create Welcome boxes, give aways, community, … raving fans.” Internships, stude
Slide 58: Governance
Governance Code of conduct – Policies Trainings on Ethics and Policies ESG & Ethics committee and audit 3/8 woman in Board and 1/4 woman in Exco Ongoing: Grievance policy / supplier code of conduct Improve ratings and additional assessments “Attention to sustainability is the next wav
Slide 59: Energy / Environment
Energy / Environment 635 MEUR green financing GFF: update ongoing (427 MEUR drawn) Increase Green externally certified buildings SBTi : climate plan and reduction targets on track Energy monitoring installation 27 green buildings Xior Solar: increase PV installation 763 MEUR Focus on awa
Slide 60: Awareness
Awareness 0° Remind me XTo R to save energy! SA smear nonsns Turned off the heater PUT YOUR HOODIE AND YOUR SOCKS ON! MIOR 1S ENVIRONMENTALLY CONSCIOUS AND IS ALWAYS LOOKING FOR WAYS TO REDUCE ITS C02 FOOTPRINT. TO PROMOTE A SUSTAINABLE PLANET, WE WILL BE IMPLEMENTING STRICT TEMPERATURE CONTROLS FOR
Slide 61: Presentation Spain & Portugal – Track-record
Presentation Spain & Portugal Track-record 61
Slide 62: Overview of the path to success
Overview of the path to success Acquisitions: The Loftown (Barcelona) Acquisitions: Besos (Barcelona) HUBR Portfolio public takeover (Madrid, Malaga, Seville) Collblanc (Barcelona) Acquisitions: Zaragoza Pontoneros (Zaragoza) - development UEM (Madrid) Granada (Granada) Odalys Sevilla (Sevilla) - de
Slide 63: Resulting in a top quality yielding portfolio
Resulting in a top quality yielding portfolio Fair Value as of Residence # of Units 31/12/2021 (M€) SPAIN PORTFOLIO 289 2,127 UEM - Madrid 93.3 478 HUBR - Madrid 32.5 146 HUBR - Sevilla 30.4 309 HUBR - Málaga 23.8 221 AMRO - Málaga 24.0 229 AMRO - Granada 37.4 347 Bésos - Barcelona 27.5 191 The Loft
Slide 64: Ongoing developments
Ongoing developments Estimated rooms: c. 388 Pontoneros Expected delivery: 2023 Estimated investment: €26.0M Zaragoza Status: under construction Estimated rooms: 124 Odalys Lamas Expected delivery: 2023 Estimated investment: €10.4M Lisbon Status: under construction 64
Slide 65: Operations overview
Operations overview 65
Slide 66: Service preferences Spain vs Portugal
Understanding student needs in Iberia Service preferences Spain vs Portugal (1) Low demand (2) Average demand (3) High demand (4) Mandatory 4 3 2 1 0 Internet Gym Laundry Communal Study Room 24hr. Catering Outdoor Room Kitchen Security Area Spain Portugal Source: internal analysis 66
Slide 67: Working with best-in-class suppliers
Working with best-in-class suppliers Catering Linen/Laundry Cleaning Maintenance Utilities Social inclusion 67
Slide 68: Purpose-built Lean structure
Purpose-built Lean structure Country Manager Technical Investment Finance Operations Spain Portugal 100+ suppliers 68
Slide 69: Spain and Portugal Business insights
Spain and Portugal Business insights 69
Slide 70: Why study in Spain?
Why study in Spain? #1 country for Erasmus students (ov er 50,000) Over 1,6 million students, of which many international 89 universities (of which 10 in top 500 world) Inexpensive cost of liv ing Attractive culture High quality education Spanish language attracts Latin/South America s
Slide 71: PBSA rates
PBSA rates 2022/2023 Average Rates for Accommodation Only 1,100 € 1,000 € 900 € 800 € 700 € 600 € 500 € 400 € 300 € 200 € 100 € 0€ Single Double Triple Apartment PRS comparable average Source: internal analysis Spain (1) Portugal (1) Spain rates exclude 10% VAT 71
Slide 72: Market segmentation – Who is who?
Market segmentation – Who is who? ACCOMMODATION PRICE ACCOMMODATION QUALITY 72
Slide 73: Market dynamics – what drives demand?
Market dynamics – what drives demand? NATIONAL STUDENTS INTERNATIONAL STUDENTS Market penetration Growing quality of local universities Mobility rate ERASMUS favourite destinations (Spain nº1) EBAU grades and thresholds South America > North America demand Affordability Brexit impact
Slide 74: Market overview
Market overview Number of students ~491,000 ~817,000 ~1,630,000 ~375,000 ~1,204,000 ~2,891,000 ~363,000 ~703,000 o.w. international students 9% 10% 8% 13% 7% 11% 11% 6% Supply rate PBSA 27% 26% 6% 6% 10% 11% 22% 20% 82 public 14 public 390 universities 8 public 38 public > 350 officially 12 universi
Slide 75: Student demographics
Student demographics Number of students in Spain (Thousands) Number of students in Portugal (Thousands) 1,500 400 300 1,000 200 500 100 0 0 2020-2021 2019-2020 2018-2019 2017-2018 2016-2017 2015-2016 2021-2022 2020-2021 2019-2020 2018-2019 2017-2018 2016-2017 2015-2016 Degree Master's Doctorate Degr
Slide 76: In-depth demographic breakdown
In-depth demographic breakdown Distribution of undergraduate students per location 1,440,000 1,280,000 1,120,000 960,000 800,000 640,000 480,000 320,000 160,000 0 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 Student From Same Province Europe National Mobility Outside Europe
Slide 77: Strong markets for Erasmus
Strong markets for Erasmus Undergraduate mobile students from abroad 25,000 20,000 15,000 10,000 5,000 0 Spain Portugal 2020 2019 Source: Ministerio de Universidades 77
Slide 78: University education quality on the rise
University education quality on the rise 184 2 13 % GLOBAL RANKING / COUNTRY RANKING / % OF INTERNATIONALS 186 1 178 1 13 % 3,597 25 233 5 14 % 343 8 14 % 3,997 28 551 14 6% 199 2 948 3 215 3 10 % 801 7 226 4 10 % 494 12 8% 2,572 35 33 % 561 15 483 18 6% 347 9 70 % Source: QS World University Rankin
Slide 79: Q&A
Q&A 79
Slide 80: Visuals
Visuals 80
Slide 81: Spain
Spain 81
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Slide 83: 83
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Slide 84: Portugal
Portugal 84
Slide 85: Day 2: Welcome to Lisbon
Day 2: Welcome to Lisbon 85
Slide 86: Lisbon
Lisbon Xior Benfica 340 units Xior Lumiar Xior Alameda Xior Alvalade 32 units Xior Benfica Xior Alameda Xior Alvalade 66 units Xior Odalys Lamas Project Xior Lumiar 498 units Xior locations Universities Project Odalys Lamas 124 units 86
Slide 87: Xior Benfica
Xior Benfica FEATURES NEARBY Common Kitchens (Fully equipped) Metro Colégio Militar (2 mins walking) Laundry Room Fonte Nova Shopping Center (2 mins walking) Super Fast Wifi Colombo Shopping Center (3 mins walking) 24/7 Reception Study Room NEARBY ROOMS Lounge Area 226 SUITES – Private room and bath
Slide 88: Xior Lumiar
Xior Lumiar FEATURES NEARBY Common Kitchens (Fully equipped) The Lisbon University Campus (15 mins walking) Laundry Room Metro Lumiar (3 mins walking) Super Fast Wifi 24/7 Reception NEARBY ROOMS Study & Library Rooms Lounge Areas 402 SUITES – Private room and bathroom, mini fridge included Gaming &
Slide 89: Integration & Transformation
Integration & Transformation 89
Slide 90: COO new role in EXCO
COO new role in EXCO Board of Directors Investor Relations | IR | PR | ESG Corporate Committees Business Development Investment | Remuneration | Audit | Human Resources ESG & Ethics IT & Data Legal Executive Committee CEO Christian Teunissen CFO COO CGO Frederik Snauwaert Kristina Olsen Armon Bar Tu
Slide 91: Xior COO Kristina Olsen
Xior COO Kristina Olsen Educated in Economics, real estate transactions and has several management continuing educations from international universities. 25 years of experience from the housing real estate industry, held several management positions within property development, operations, sales
Slide 92: Market update – academic year 2022-2023
Market update – academic year 2022-2023 Strong demand fuels rentals and rent prices Continued high occupation rates & retention Massive search for student rooms in all eight countries Students start significantly earlier to search for rooms Increased cost resilience Inflation protection in a
Slide 93: Key Priorities
Key Priorities ALIGNMENT OF TEAMS INTEGRATION OF BASECAMP Organisational redesign to meet Achieve a best of both worlds requirements for a larger business organisation to be the first choice in in a wider geographical spread student housing GOVERNANCE: GLOCALISATION DIGITAL TRANSFORMATION Clear gove
Slide 94: 1. Governance: Glocalisation
1. Governance: Glocalisation New governance structure LOCAL business execution, spearheaded by Country Managers and their regional teams. Prop management by residence managers & student ambassadors. GLOBAL (HQ) traditional corporate functions are set up to support, develop and control Xior’s bus
Slide 95: 2. Alignment of teams
2. Alignment of teams Country Management Board anchoring and alignment of strategic initiatives to move our business quicker in the same direction. Development and implementation of common processes, way of working across and scale our business. Building operational excellence (business review s
Slide 96: 3. Integration of Basecamp
3. Integration of Basecamp Business continuity in Basecamp Careful integration of existing successful Basecamp operational teams over time with a close eye to business continuity, student experience and knowledge retention. Look for synergies and opportunities to leverage the broad platform. Con
Slide 97: 4. Digital transformation process
4. Digital transformation process Implementation of digital projects IR website: Corporate.xior.eu (Q3 ‘22) Data Warehouse Power BI operational insights (Q3 ‘22) X-space & Sharepoint: internal collab tools (Q3 ‘22) Centralized connected IT system & processes (Finance, Booking, Marketing, Mai
Slide 98: Thank you!
Thank you! 98
Slide 99: Disclaimer
Disclaimer This presentation has been prepared by the management of XIOR STUDENT HOUSING NV (the "Company") and the Company assumes responsibility for the information contained in this presentation. It does not constitute or form part of, and should not be construed as, an offer, solicitation or inv
Slide 100: Xior Student Housing NV contact details
Xior Student Housing NV +32 3 257 04 89 Frankrijklei 64-68 2000 Antwerp Belgium www.xior.eu ir@xior.be Follow the #xiorfamily 100