Colonial Sfl Socimi Sa · BME:COL

Colonial Sfl Socimi Sa — Inmobiliaria Colonial, SOCIMI — Q1 2025 Earnings Presentation

31 slides from Colonial Sfl Socimi Sa's earnings presentation, May 8, 2025

Slide 1: Colonial 2025 First Quarter Results
#1 Colonial 2025 First Quarter Results May 8th, 2025 1Q 2025 RESULTS | 1
Slide 2: Disclaimer
DISCLAIMER By attending this presentation and receiving this document, you are agreeing to be bound by the following limitations. Any failure to comply with these restrictions may constitute a violation of applicable securities laws and/or may result in civil, administrative or criminal liabilities.
Slide 3: Agenda
Agenda 01 Highlights 02 Financial Performance 03 Portfolio Management 04 Future Growth 1Q 2025 RESULTS | 3
Slide 4: Our Strategic Positioning is set to deliver earnings and value growth
01 Highlights Our Strategic Positioning is set to deliver earnings and value growth Prime Asset Class delivers strong rental growth Colonial to continue serving its clients’ needs through through superior pricing power Urban Transformation The Prime Asset Class delivers superior growth Colonial prod
Slide 5: The strength of the Prime Asset Class delivers robust results
01 Highlights The strength of the Prime Asset Class delivers robust results Revenues Release Spread1 Rental Growth2 EPRA Earnings GRI - Group Group Group EPRA Earnings €97m €55m +4% Like for +11% +7% +16% Like NRI - Group3 Paris Madrid EPRA EPS €89m Portfolio Portfolio €9Cts Flat +5% +20% +9% Guidan
Slide 6: The Best Prime Product delivers outperformance on rental growth
01 Highlights The Best Prime Product delivers outperformance on rental growth Paris Madrid Barcelona Rental Net Rental Rental Net Rental Rental Net Rental Growth1 Income LfL Growth 1 Income LfL Growth1 Income LfL +7% +9% +6% In 3 +4% In 3 +7% In 3 +2% months months months 100% 100% 1) ERV Growth for
Slide 7: Financial Performance
02 Financial Performance 1Q 2025 RESULTS | 7
Slide 8: Gross Rental Income growth on the back of Core Portfolio & Project deliveries
02 Financial Performance Gross Rental Income growth on the back of Core Portfolio & Project deliveries Gross Rental Income Variance Gross Rental Income Growth (%) €m +4% Core Portfolio +4% +4% Like for like Delivery of Alpha +7% Projects Like for like1 Delivered Projects +4% & Acquisitions 4 Condorc
Slide 9: Solid Gross Rental Income like for like growth through superior pricing power
02 Financial Performance Solid Gross Rental Income like for like growth through superior pricing power Rental Income Variance Net Rental Income Like for Like (%) €m Gross Rental Net Rental Income Income Like-for-Like1 Like-for-Like1 +5% +2.4% +2.3% +0.1% like for like Group +4% +5% 2 0.1 82 2 78 Mad
Slide 10: High earnings growth driven by strong operations
02 Financial Performance High earnings growth driven by strong operations EPRA Earnings Variance EPRA Earnings €m €m 55 5 +16% 47 4 55 (7) +16% 2 4 03/24 03/25 47 EPRA EPS 03/25 flat 2025 EPS Guidance on track Recurring Core Project SG&A & Financial Condorcet, Recurring Profit Portfolio Deliveries &
Slide 11: Investor demand and ratings endorse Colonial's robust capital structure
02 Financial Performance Investor demand and ratings endorse Colonial’s robust capital structure Highly successful refinancing: €500m Green BBB+ Rating confirmed by S&P in April-25 Bond Issuance at 3.25% coupon 1 Unparalleled demand > In April, S&P has confirmed Colonial & SFL Credit > 8 times overs
Slide 12: Significant liquidity increase with cost of debt at attractive levels
02 Financial Performance Significant liquidity increase with cost of debt at attractive levels Sound levels of indebtedness Well-covered maturity schedule Financial cost remain at attractive levels Net Financial Debt Liquidity vs next bond maturities Spot cost of current Gross Debt €m € % Estimated
Slide 13: Portfolio Management
03 Portfolio Management 1Q 2025 RESULTS | 13
Slide 14: Another Quarter with Outstanding Operations
03 Portfolio Management Another Quarter with Outstanding Operations Strong Letting Performance… ... with prime properties capturing the highest rents in the market sqm 1,050 >1,000 >950 €/sqm/y €/sqm/y €/sqm/y 32,461 +61% YoY HAUSSMANN WASHINGTON PLAZA GRENELLE 103 Paris 8 Paris 8 Paris 7 20,129 >95
Slide 15: Strong pricing power - letting performance achieving record rental levels
03 Portfolio Management Strong pricing power - letting performance achieving record rental levels Strong pricing power across markets Our assets outperform the market ERV Growth Release ERV Our Grade A assets have higher rental growth than the Indexation YoY Spread 1 Growth 2 market Colonial combine
Slide 16: High occupancy profile with attractive reversion potential
03 Portfolio Management High occupancy profile with attractive reversion potential Strong Group EPRA Occupancy 4.9% Availabiltity with Attractive Reversion 2.0% Delivered Projects1 >€28m Additional reversion Future Reversion – 2.0% Méndez Álvaro Alpha X Portfolio 96% 97% 95% 95% Diagonal 197 0.3% Pr
Slide 17: 2025: Strong Momentum for Project delivery & Letting
03 Portfolio Management 2025: Strong Momentum for Project delivery & Letting Madnum €20m Haussmann St-Augustin Barcelona 22@ Madrid City Centre Prime CBD – 12,000 sqm Barcelona City Centre New Rents >8% Yield On Cost Mixed use approach leads to outperformance First Prelet signed Letting momentum • 8
Slide 18: Future Growth
04 Future Growth 1Q 2025 RESULTS | 18
Slide 19: We deliver strong earnings growth on the back of a multi-layer growth platform
04 Future Growth We deliver strong earnings growth on the back of a multi-layer growth platform HIGH DOUBLE-DIGIT EPRA EARNINGS GROWTH 1 Rental Growth €m 55 +15% CAGR1 47 2 Projects & Value Add Initiatives 38 36 Capital Recycling 3 & Acquisitions Q1 22 Q1 23 Q1 24 Q1 25 4 Financial Hedging 1) Earnin
Slide 20: Sustained growth in rents and value through urban transformation
04 Future Growth Sustained growth in rents and value through urban transformation Colonial to continue serving its clients’ needs through Urban Transformation Close to 200,000 sqm in Urban Transformation Initiatives with €100m of rental income Urban Transformation Additional EPRA EPS of more than 11
Slide 21: €200m investment to Create the European Leading operator in Science & Innovation
04 Future Growth €200m investment to Create the European Leading operator in Science & Innovation Existing Portfolio to capture Short Term Pipeline with Pan European Ambition full value through stabilization attractive Value Add Returns Acceleration through 3rd Party Capital >€2.4bn €0.4bn 6 – 7% €0
Slide 22: Colonial is accelerating its Urban Transformation portfolio
04 Future Growth Colonial is accelerating its Urban Transformation portfolio Colonial to continue serving its clients’ needs through Urban Transformation Strong Returns with superior Growth Profile Urban Transformation – Value Add Returns with exceptional growth 85-90% Core with Pricing Power & 10 -
Slide 23: Strong EPS Growth Profile with Double-Digit IRRs
04 Future Growth Strong EPS Growth Profile with Double-Digit IRRs I +13% EPS Impact Levered IRR Urban Transformation +€11cts Projects Mid-term II +15% Levered IRR EPS Impact Science & Innovation +€2-3cts + Third Party Capital Mid-term III Prime Asset Reversion GRI Impact Superior Cash Flow +€47m Gro
Slide 24: Strategy & Outlook
04 Future Growth Strategy & Outlook Colonial’s Prime Platform delivers profitable growth … … with a strong growth profile for the coming years > EPRA Earnings growth with +16% YoY growth ▪1 More than €150m of future rents through new pipeline and reversion > EPRA EPS full year guidance on track ▪2 E
Slide 25: Thank You
THANK YOU 2025 Annual General Meeting Annual General shareholders’ meeting to be held on 26 - 27th May 2025 in Madrid Please Submit your vote https://www.inmocolonial.com/en/shareholders-and-investors 1Q 2025 RESULTS | 25
Slide 26: Appendices: Profit & Loss Account
APPENDICES PROFIT & LOSS ACCOUNT GROSS RENTAL INCOME RECURRING NET RENTAL INCOME Results analysis - €m Q1 2025 Q1 2024 €m €m +4% Gross Rents 97 96 Like- for-like Net operting expenses & Overheads (18) (19) 97 +5% 96 Like- Recurring EBITDA 79 77 +1% 91 89 for-like YoY Recurring financial result (18)
Slide 27: Appendices: Extension of debt maturities
APPENDICES EXTENSION OF DEBT MATURITIES A Solid Financial Structure Maturity profile of debt facilities - €m 31/12/2024 31/03/2025 €4,465m €4,442m Net Debt 36.0% 36.0% LTV Total Facilities €2,570m €2,085m Maturities covered Cash €543m €956m by current liquidity Liquidity €3,113m €3,041m 1,835 Debt M
Slide 28: Significant growth profile
APPENDICES Significant growth profile Investments & Revenue Growth increasing passing rents Significant Additional Revenue Growth Annualized Topped-up GRI (€m) More than €150m of growth to be captured 47 >570 64 20 19 419 419 8 10 401 Passing Rent Net Growth Passing Passing Rent Renovation Madnum Pr
Slide 29: Paris: Latest Market transactions
APPENDICES Latest Market transactions Asset Area Price GLA Cap. Value 134 Rue du Faubourg CBD €23.5m 1,850 sqm €12,703/sqm (Feb 25) 23 Rue Taitbout CBD €32.5m 2,710 sqm €11,993/sqm (Feb 25) Centre d’Affaires Paris-Trocadéro CBD € 700m 41,234 sqm €16,976 /sqm Transaction not completed PARIS 7-9 Rue J
Slide 30: Barcelona: Latest Market transactions
APPENDICES Latest Market transactions Asset Area Price GLA Cap. Value Ramirez de Prado 5 City Centre €300m 60,000 sqm €5,000/sqm (Apr 2025) Paseo Doce Estrellas 5 BD €51m1 n.a. n.a. (Feb 2025) MADRID Avenida de Burgos 18 BD €50m1 6,355 sqm n.a. (Apr 2025) Jordán 11 City Centre €37m1 4,000 sqm n.a. (

Inmobiliaria Colonial, SOCIMI — Q1 2025 Earnings Presentation on 6ix

Colonial Sfl Socimi Sa — Inmobiliaria Colonial, SOCIMI — Q1 2025 Earnings Presentation

Slide 1: Colonial 2025 First Quarter Results

Slide 2: Disclaimer

Slide 3: Agenda

Slide 4: Our Strategic Positioning is set to deliver earnings and value growth

Slide 5: The strength of the Prime Asset Class delivers robust results

Slide 6: The Best Prime Product delivers outperformance on rental growth

Slide 7: Financial Performance

Slide 8: Gross Rental Income growth on the back of Core Portfolio & Project deliveries

Slide 9: Solid Gross Rental Income like for like growth through superior pricing power

Slide 10: High earnings growth driven by strong operations

Slide 11: Investor demand and ratings endorse Colonial's robust capital structure

Slide 12: Significant liquidity increase with cost of debt at attractive levels

Slide 13: Portfolio Management

Slide 14: Another Quarter with Outstanding Operations

Slide 15: Strong pricing power - letting performance achieving record rental levels

Slide 16: High occupancy profile with attractive reversion potential

Slide 17: 2025: Strong Momentum for Project delivery & Letting

Slide 18: Future Growth

Slide 19: We deliver strong earnings growth on the back of a multi-layer growth platform

Slide 20: Sustained growth in rents and value through urban transformation

Slide 21: €200m investment to Create the European Leading operator in Science & Innovation

Slide 22: Colonial is accelerating its Urban Transformation portfolio

Slide 23: Strong EPS Growth Profile with Double-Digit IRRs

Slide 24: Strategy & Outlook

Slide 25: Thank You

Slide 26: Appendices: Profit & Loss Account

Slide 27: Appendices: Extension of debt maturities

Slide 28: Significant growth profile

Slide 29: Paris: Latest Market transactions

Slide 30: Barcelona: Latest Market transactions

Slide 31: www.inmocolonial.com