Dimand Societe Anonyme Development & Exploitation Of Real Estate & Constructions Services & Holding · ATHEX:DIMAND
Dimand Societe Anonyme Development & Exploitation Of Real Estate & Constructions Services & — Dimand — Investor Presentation (September 2022)
23 slides from Dimand Societe Anonyme Development & Exploitation Of Real Estate & Constructions Services &'s investor presentation, September 2022
Slide 1: Dimand Corporate Presentation
- STRICTLY PRIVATE & CONFIDENTIAL - DIMAND Real Estate Development S.A. Corporate Presentation Athens | 2022
Slide 2: Table of contents
Table of contents Company Overview 3 Investment Highlights 8 Projects & Pipeline Overview 18 Financials 21 | Page 2
Slide 3: Company Overview
“ Company Overview
Slide 4: A Strong Player in Urban Development in Greece and front-runner in Sustainable Buildings
A Strong Player in Urban Development in Greece and front-runner in Sustainable Buildings Company Snapshot Current Development Portfolio • Active across the full property development lifecycle, with 15 active 15 projects as of 31.12.2021 emphasis on modern design and energy efficiency standards Real
Slide 5: Implementing a flexible and successful business model
Implementing a flexible and successful business model Clear Investment criteria Buy Sourcing Plots or Assets - Urban planning control for the asset under consideration - Bankability check - Legal & Technical Due Diligence - Sale negotiations & agreement Licensing and commercial use preparation Plan
Slide 6: Top-class real estate development experience with consistent project delivery
Top-class real estate development experience with consistent project delivery even during the Greek financial crisis Project milestones (based on project commencement date) COSMOTE KERAMEIKOS OFFICE BUILDING IN PATISSIA NERATZIOTISSA ALDI RETAIL CHAIN AGEMAR HQ OFFICE COMPLEX COSMOTE TV PIRAEUS TOWE
Slide 7: Group structure focused on project development with ring-fencing of individual project risks
Group structure focused on project development with ring-fencing of individual project risks 100% Mykonos B Mykonos C Mykonos D Apellou Terra Attiva S.A Dimand Cyprus Ltd Perdim S.A. Lavax S.A. 100% Peania Park Insignio Patissia Minion HUB 204 PR138 Filothei 100% Arcela IQ Karela S.A. Alkanor S.A. H
Slide 8: Investment Highlights
“ Investment Highlights
Slide 9: Investment highlights
Investment highlights 1 Top-tier seasoned management team 2 Solid, market-leading track record of delivered projects over the business cycles 3 Razor-sharp investment strategy, backed-up by secured pipeline 4 Institutional partnerships – reputable clientele – strong banking relationships 5 Well-posi
Slide 10: Real estate professionals with right mix of capabilities
Real estate professionals with right mix of capabilities Dimitris Andriopoulos Despina Giannakaki Michalis Maria Ioannidou Olga Itsiou Nikos Dimtsas Anna Chalkiadaki CEO Senior Legal Advisor Anastasopoulos CBDO COO CIO CFO Executive Legal Advisor • Founder & major • In DIMAND since 2005 • CIO of DIM
Slide 11: Clear-eyed investment strategy: Focus on sustainability & quality
Clear-eyed investment strategy: Focus on sustainability & quality Expansion of real estate development operations, while maintaining business excellence, and Growth Mindset innovation in practice Sustainable LEED certification at Gold level as a minimum limit Development Return-Driven Focus on both
Slide 12: Project characteristics: Strategic foresight & criteria of investment
Strategic foresight & criteria of investment Key investment criteria Strategic foresight ▪ Greenfield or brownfield Type ▪ Urban regeneration based on sustainable development Elasticity of Supply ▪ Offices spaces > 5,000 sq.m in Athens, Northern Greece Flexibility to cope with adverse market conditi
Slide 13: Diversified current development portfolio of 23 projects
Diversified current development portfolio of 23 projects 15 projects under development as at 31.12.2021 8 projects in place post 31.12.2021 A Ready to Deliver B Planning & New projects Upcoming Under Construction C Projects Development at planning stage pre-agreed acq. 3 4 8 3 5 2 projects projects
Slide 14: Green focus on project development
Green focus on project development Leader in the green building 12 12 market projects under development green certified have a projects 40%1 of the country’s green certification goal LEED BD+C2 certified buildings Karela Office Park Agemar HQs Piraeus Port Plaza 1st LEED certified office building in
Slide 15: HIG Partnership Framework
HIG Partnership fueled pipeline and paved the way for the Capital Markets Equity partner since FY19 Main Financing terms HIG Capital, LLC • Bond Loan amount • up to c. € 49.8 mn Partnership Framework Tempus Holdings 71 Sarl • 5-year term (maturing on 12.2024) • Cost Redeemable preferred shares i. Fi
Slide 16: EBRD Partnership framework – project equity financing
EBRD Partnership framework – project equity financing Strategic Partners since FY17 Main Equity Financing terms EBRD projects track record Partnership extended until • Cante – Financing 31.12.2030 Additional €50 mn equity commitment Piraeus Port Plaza 2 by EBRD as stipulated in new partnership frame
Slide 17: Commitment to Corporate Governance Practices
Commitment to Corporate Governance Practices 1 Board of Directors 3 2 1 Nomination & Board of Directors Audit Renumeration Committee • 6 executives Committee • 1 non- executive • 3 non-executives, independent members Internal Human Resources Audit Department 2 Audit Committee Marketing CEO Risk Depa
Slide 18: Projects & Pipeline Overview
Projects & Pipeline Overview
Slide 19: Overview of current project pipeline
Overview of current project pipeline Fair Value GDV(1) % Pre- Pre- # Project City Type Cert. Total sqm (2) 2022E 2023E 2024E 2025E (€ ’000s) (€ ’000s) Dimand Leased sold(3) 1 Mykonos Β Mykonos Residential 262 1,465 1,790 100% 2 Mykonos Γ Mykonos Residential 157 2,074 2,074 100% Completed 3 Mykonos Δ
Slide 20: Key projects in progress
Key projects in progress Piraeus Tower Insignio A full turn-key fit out of a 22 stories office tower, originally erected in 1972. It will include two The new office complex consists of two four-storey, mirroring, elliptical - shaped buildings. It is situated basements, retail, restaurants, cafe and
Slide 21: Financials
Financials
Slide 22: Continuing expansion in new projects reflected in group financials
Continuing expansion in new projects reflected in group financials Growing asset base NAV enhancement through profits generated 116.4 Cash & +66.3% equivalents 37.7 19.4 32.4 7.0 Equity +19.2% % f 2.2 Current assets 70.0 58.8 6.8 37.5 20.2 PAT 5.2 1.9 Other fixed 12.2 15.0 ROE 2.7 assets 7.5 1.7 32.
Slide 23: Disclaimer
Disclaimer • This presentation has been prepared by, and is the sole responsibility of, Dimand S.A. (the “Company”) for discussions with investors in relation to the Company and its group. • For the purposes of this notice, “presentation” means this document and any other written materials, oral pre