Trade Estates Real Estate Investment Company · ATHEX:TRESTATES
Trade Estates Real Estate Investment — FY2023 Earnings Presentation
19 slides from Trade Estates Real Estate Investment's earnings presentation, March 2024
Slide 1: Financial Results FY2023
Financial Results FY2023
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by TRADE ESTATES REAL ESTATE INVESTMENT COMPANY (the "Company") for informational purposes only. The information contained herein does not constitute an offer, solicitation, or recommendation to buy or sell any securities of the Company or any other ent
Slide 3: Who we are
Who we are Trade Estates REIC (the “Company”) is a REIC, licensed by the HCMC under the provisions of Law 2778/1999 and Law 4209/2013 in 2019 The Company was established in July 2021 and began operating in the field of real estate investment, with a portfolio of real estate assets worth €185 mn and
Slide 4: What we do
What we do The Company recognized early the shortfall of the Greek vs. European market in organized retail real estate projects, as well as in Big Box, single tenant, new generation logistic centers. Accordingly, Trade Estates has decided to focus in providing major International and Greek retailers
Slide 5: What we do
What we do Omni-Channel Logistics Centers New generation logistics centers are an integral part of the Omni-Channel approach currently evolving in global commerce Trade Estates REIC Omni-Channel logistics centers fully meet the latest requirements in terms of new technology and low environmental foo
Slide 6: With a differential business model
With a differential business model The only sector-oriented REIC focused in Retail Parks & Omni- Channel Logistics operating in Greece, Bulgaria and Cyprus, holding a high-quality, high-yielding and downcycle resilient (necessity retail) portfolio. Clear investment strategy from the pipeline of 2
Slide 7: Our portfolio
Our portfolio SMART PARK FLORIDA 1 RETAIL PARK TOP PARKS LARISSA GLA (in '000) 49,0 m2 GLA (in '000) 38,6 m2 GLA (in '000) 58,0 m2 Annual Footfall Annual Footfall Annual Footfall (in (in '000) 7.090 (in '000) 4.786 '000) 312 Tenants TO (in Tenants TO (in Tenants TO (in '000) 142.144 '000) 7.755 '000
Slide 8: Our portfolio
Our portfolio RETAIL PARK SOFIA SCHIMATARI LOGISTICS CENTER GLA (in '000) 20,3 m2 Land (in '000) 113,1 m2 Annual Footfall (in '000) 1.710 GLA (in '000) 46,9 m2 Tenants TO (in '000) 48.312 Occupancy 100% OINOFYTA LOGISTICS CENTER ELEFSINA LOGISTICS CENTER Land (in '000) 69,3 m2 Land (in '000) 45,0 m2
Slide 9: Our portfolio
Our portfolio Under Construction TOP PARKS PATRA TOP PARKS HERAKLION Land (in '000) 20,98 m2 Land (in '000) 40,00 m2 GLA (in'000) GLA (in'000) (main use) 13,8 m2 (main use) 10,6 m2 Upcoming Projects SPATA RETAI PARK (Upcoming) ELLINIKON RETAIL PARK (Upcoming) Attik i Odos Land (in '000) 32 m2 Land (
Slide 10: ESG Commitment
ESG Commitment EV’s Super Fast Charger hubs Solar Panels on rooftops Gradual Green up of our larger land-plots and - Top Park Piraeus - Schimatari Logistics green roofs where applicable - Top Park Larisa Center - Top Park Ioannina - Top Parks Piraeus - Thessaloniki Retail Park (Q2/2024) - Top Parks
Slide 11: Key Milestones 2023
Financial Results FY2023 Key Milestones 2023 Smart Park Acquisitions IPO Athens Stock Exchange market Acquisition of residual land plot and development in loannina Acquisition of Retail Park in Larissa Contribution in kind of a logistics center in Elefsina by Autohellas Acquisition of residual 50% s
Slide 12: 2023 Results at a glance
Financial Results FY2023 — Trade ms Estates 2023 Results at a glance 484,0m€E GAV * (+183 m€ or +61% vs 2022) @ 298,4m€E NAV * (87 me or +41% vs 2022) 23,9m€ Rental Income (+5,0 mE or 26% vs 2022) 47,2m€ EBITDA (19,3 m€ or 69% vs 2022) © 18,2m€ Adj EBITDA (+34 m€ or 24% vs 2022) 8,9mE FFO (1 me or -
Slide 13: Group Key Metrics
Group Key Metrics FY 2023 FY 2022 vs FY 2022 vs FY 2022 Amounts in '000s Number of Income Producing Properties 13 10 3 130 Total GLA (in sq.m.) 344.006 225.248 118.758 153 Gross Asset Value (in € 000's) 484.007 300.132 183.875 161 Net Asset Value (in € 000's) 298.407 210.894 87.513 141 Net Asset Val
Slide 14: Market Cap and Shares 2023
Market Cap and Shares 2023 Management 1% Share Capital € 192.846.034 Free Float 22% No of Shares 120.528.771 Latsco Hellenic Nominal Value € 1,60 Holdings 3% ISIN GRS534003009 Reuters: TRESTATESr.AT Tickers Bloomberg: TRESTATE:GA Fourlis Group Market Segment Main Market 64% Sector/Subsector Real Est
Slide 15: 2023 strong set of results…
2023 strong set of results… €23,9 Mn +26,6% €47,2 Mn +68,9% vs 2022 EBITDA vs 2022 GRI €18,2 Mn +23,6% €40,1 Mn +59,8% vs 2022 PBT vs 2022 Adj EBITDA* *Adj EBITDA excludes asset revaluations
Slide 16: with a solid financial profile…
with a solid financial profile… 1 NET DEBT 2 NET LTV 3 WEIGHTED AVERAGE COST OF LT DEBT €197,2 Mn 40,7% 3,99 % 4 SOLIDCASH POSITION 5 LOANS MATURITY €19,1 Mn 9,6 years
Slide 17: …. and significant growth
…. and significant growth GLA (in ‘000s) GAV NAV 344,0 m2 +52,8% vs 2022 €484,0 Mn +61,3% vs 2022 €298,4 Mn +41,5% vs 2022 +172,1% vs inception* +262% vs inception* +171,9% vs inception* Tenants TO Footfall WAULT Approx. €450Mn >20Mn visits 11,0 years *Inception 07/21
Slide 18: Strong Trade Estates
Strong Trade Estates 1 SOLIDOPERATING MODEL 2 NOTABLE INCREASE IN PROFIT 3 HIGH PERFORMANCE ASSETS 4 MODERATE DEBT LEVEL 5 IMPROVEMENT IN KEY FIGURES 6 HIGH ORDINARY DIVIDENDS by the hand of our strategy STRONG ACTIVE ASSET HIGHLY EXPERIENCED PORTFOLIO MANAGEMENT TEAM
Slide 19: THANK YOU!
Trade = Estates | la THANK YOU!
Trade Estates Real Estate Investment Company — FY2023 Earnings Presentation on 6ix