Colonial Sfl Socimi Sa · BME:COL

Colonial Sfl Socimi Sa — Inmobiliaria Colonial — Q3 2015 Earnings Presentation

24 slides from Colonial Sfl Socimi Sa's earnings presentation, Nov 12, 2015

  1. Slide 1: Third Quarter Results 2015

    Third Quarter Results 2015 12 November 2015 1

  2. Slide 2: Disclaimer

    Disclaimer By accepting this presentation and/or by attending this presentation, you will be taken to have represented, warranted and undertaken that you have read and agree to comply with the contents of this disclaimer. The information contained in this presentation (“Presentation”) has been prepa

  3. Slide 3: Highlights

    DP HIGHLIGHTS

  4. Slide 4: Highlights Third Quarter 2015

    1 HIGHLIGHTS THIRD QUARTER 2015 Strong performance of third quarter September results consolidate the positive performance of previous quarters  Strong operating performance in all markets, Barcelona catching-up  Important momentum in occupancy  Prime CBD positioning & active property management

  5. Slide 5: Operating Performance

    2 OPERATING PERFORMANCE

  6. Slide 6: Macroeconomic context & Office market

    2 OPERATING PERFORMANCE – THIRD QUARTER 2015 Macroeconomic context & Office market  Strong GDP growth prospects in Spain, France catching-up  Positive trend for CBD prime rents in all markets GDP Growth Office Market – Prime CBD Rents Prime CBD Rents (€/sq m/month) Vacan Maximum 28 €/sqm/month 14

  7. Slide 7: Strong letting activity

    2 OPERATING PERFORMANCE – THIRD QUARTER 2015 Strong letting activity  Continued positive momentum on letting activity  Barcelona catching up in 2015  Paris with record volumes Barcelona > 33,000 sq m let Madrid > 22,300 sq m let París > 74,000 sq m let 18,963 47,906 15,866 8,804 8,166 6,632 7,478

  8. Slide 8: Letting activity – Main Actions Spain

    2 OPERATING PERFORMANCE – THIRD QUARTER 2015 Letting activity – Main Actions Spain First Class Property Management ensures strong momentum in capturing high quality demand Av. Diagonal, 409 Av. Diagonal, 530 Av. Diagonal, 609-615 Av. Diagonal, 682 52%  88%  73%  63%  97% let 100% let 84% let 78%

  9. Slide 9: Letting activity – Main Actions France

    2 OPERATING PERFORMANCE – THIRD QUARTER 2015 Letting activity – Main Actions France First Class Property Management ensures strong momentum in capturing high quality demand Le Vaisseau In/Out 100% 0%  pre let 100% let 6,026 32,614 sqm let sqm let #Cloud 131 Wagram 50% 100% let pre let 14,435 7,549

  10. Slide 10: EPRA Office Occupancy improvements in office portfolio

    2 OPERATING PERFORMANCE – THIRD QUARTER 2015 EPRA Office Occupancy improvements in office portfolio Important increase of EPRA Occupancy, +917 bps in 12 months EPRA Financial Occupancy EPRA FINANCIAL OCCUPANCY(1) Office & Total Office Occupancy Occupancy - Evolution of–Colonial's Evolution ofPortfol

  11. Slide 11: Financial Review

    3) FINANCIAL REVIEW = (Nel BESS INESS PAR

  12. Slide 12: Strong top line growth

    3 FINANCIAL REVIEW – THIRD QUARTER 2015 Strong top line growth Strong top line growth driven by:  Strong underlying growth of comparable portfolio  Additional rents from new acquisitions Gross Rental Income - €m Gross Rental Growth +7.3% + 7.3% Top line Growth 7.4 (3.5) 169 7.6 + 5.3% Like for lik

  13. Slide 13: Strong underlying growth of portfolio

    3 FINANCIAL REVIEW – THIRD QUARTER 2015 Strong underlying growth of portfolio Strong recovery of gross rental income in all markets  Madrid consolidates strong momentum  Paris remains with very good performance  Barcelona achieves positive growth "Like for Like" Rental Growth 2013 2014 3Q 2015 St

  14. Slide 14: Profit & Loss Account

    3 FINANCIAL REVIEW – THIRD QUARTER 2015 Profit & Loss Account Significant increase of Net Profit1, +€354m Profit & Loss Accounts €m Increase in Net Profit1 Results analysis - €m 3Q 2015 3Q 2014 Var. Gross Rents 169 158 12 Net operating expenses (2) (16) (14) (2) Three drivers of Profit Growth Overhe

  15. Slide 15: High quality asset base with solid capital structure

    3 FINANCIAL REVIEW – THIRD QUARTER 2015 High quality asset base with solid capital structure First class credit credentials allow for competitive financing costs First Class Credit Credentials Competitive Financing Costs High Credit Credentials Financing costs % - Spot as of 30/09/15 COLONIAL SPAIN

  16. Slide 16: Active Management of the Balance sheet

    3 FINANCIAL REVIEW – THIRD QUARTER 2015 Active Management of the Balance sheet Successful placement of a €500m bond issue by SFL Size €500 m Coupon 2.250%  On November 5 2015, SFL successfully issued a new bond at 7 year maturity Spread to benchmark ms + 170 bps  The placing was 7x oversubscribed,

  17. Slide 17: Growth Drivers – Acquisitions & Current Portfolio

    4 GROWTH DRIVERS – ACQUISITIONS & CURRENT PORTFOLIO -

  18. Slide 18: Superior Returns through Prime Factory Investments

    4 GROWTH DRIVERS Superior Returns through “Prime Factory” Investments Prime Factory project execution on track ESTEBANEZ CALDERON 3-5 Prime CBD - Madrid Good progress on project execution  Definition of project parameters   Definition of product features   Assignment of architects • Estudio Lam

  19. Slide 19: Superior Returns through Prime Factory Investments

    4 GROWTH DRIVERS Superior Returns through “Prime Factory” Investments Prime Factory project execution on track PRÍNCIPE DE VERGARA 112 CBD - Madrid Good progress on project execution  Definition of project parameters   Definition of product parameters   Assignment of architects • Ortiz y León 

  20. Slide 20: Superior Returns through Prime Factory Investments

    4 GROWTH DRIVERS Superior Returns through “Prime Factory” Investments Good progress on release/commercialization of new products GÉNOVA 17 Prime CBD - Madrid #CLOUD Prime CBD - Paris 9 AV. PERCIER Prime CBD -Paris Main characteristics Main characteristics Main characteristics  Awarded for the best

  21. Slide 21: Acquisitions of Prime Assets in CBD

    4 GROWTH DRIVERS Acquisitions of Prime Assets in CBD Creative Prime Factory approach creating unique high quality CBD products through off market transaction Selective Investment approach – €405m(1) Acquisitions Investments Targets – 5 Years MADRID – 3 acquisitions PARIS – 2 acquisitions 1,500 €m Ta

  22. Slide 22: Conclusion

    5 CONCLUSION

  23. Slide 23: Strong Performance based on good fundamentals

    5 CONCLUSION Strong Performance based on good fundamentals Strong Performance of the 3Q 2015 provides solid base for future growth 1 Third Quarter confirms consolidation of strong trading trends 1. Sustained top line growth mainly volume driven 2. Ongoing strong momentum of take-up throughout the po

  24. Slide 24: Q&A

    Q&A

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