Castellana Properties Socimi Sa · BME:YCPS
Castellana Properties Socimi Sa — FY2021 Earnings Presentation
33 slides from Castellana Properties Socimi Sa's earnings presentation, June 2021
Slide 1: FY2021 Financial Results Presentation
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION FY2021 FINANCIAL RESULTS PRESENTATION APRIL 2020 – MARCH 2021
Slide 2: Highlights
KEY HIGHLIGHTS / RESULTS PRESENTATION HIGHLIGHTS COVID–19 OPERATIONAL PERFORMANCE The strength of the portfolio, and the experience of the Capex investments of c. €29 million in FY2021 management team has equipped Castellana to overcome the challenges of the pandemic, while remaining flexible fo
Slide 3: COVID-19
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION COVID-19 OUR RESPONSE TO COVID FOOTFALL & SALES E-COMMERCE EVOLUTION CUSTOMER TREND RETAILER’S SOUNDINGS IMPROVING PORTFOLIO METRICS IN THE FACE OF THE PANDEMIC
Slide 4: Our Response to Covid
CASTELLANA PROPERTIES OVERVIEW/ RESULTS PRESENTATION OUR RESPONSE TO COVID ACTION PLAN HIGHLIGHTS OVER PAST 12 MONTHS – APRIL 2020 to MARCH 2021 STRONG TENANT BUSINESS IS PARTNERING WITH VALUATION & INDUSTRY ROBUST DEBT PROVIDERS ASSUMPTIONS RELATIONSHIPS Healthy treasury position with large Tot
Slide 5: Footfall & Sales
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION FOOTFALL & SALES STRONG REBOUND IN FOOTFALL AND SALES ONCE CUSTOMERS ARE ABLE TO RETURN - LARGE RETAIL PARK EXPOSURE CONTRIBUTING TO SALES OUTPERFORMANCE FOOTFALL & SALES RECOVERY 1ST WAVE 2ND WAVE (3) 3RD WAVE (3) Larger basket sizes contribut
Slide 6: European Footfall
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION EUROPEAN FOOTFALL SPAIN IS OUTPERFORMING VERSUS THE REST OF EUROPE Q1 2021 FOOTFALL EVOLUTION TOTAL MALL EMEA 1 UAE -16.5% Ireland 2 Spain -17.1% -49.3% 3 Switzerland -21.4% 4 Italy -23.3% UK -69.8% 5 Austria -27.3% Germany Poland -53.5% -30.1% 6
Slide 7: E-commerce Evolution
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION E-COMMERCE EVOLUTION SPANISH E-COMMERCE PENETRATION STAYS LOW DESPITE THE PANDEMIC, WITH ONLY 36% OF TOTAL ONLINE TRANSACTIONS COMPRISING RETAIL SALES In Spain, online purchases still represent only 8,7% of From total online transactions, only 36
Slide 8: Customer Trend
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION CUSTOMER TREND PHYSICAL SALES WILL GROW C. 8.5% OVER THE NEXT FIVE YEARS, WITH CONSUMERS DESIRING A RETURN TO STORES 91% of consumers say they will shop in physical stores once Non-food spending growth to outperform online retail 46% of connected
Slide 9: Retailers' Soundings
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION RETAILERS’ SOUNDINGS “PHYSICAL SPACE” REMAINS CRITICAL IN OMNI-CHANNEL STRATEGY AND 60% OF OUR RETAILERS PLAN TO INVEST IN PHYSICAL STORES COMMITTED TO OMNICHANNEL PHYSICAL STORES PHYSICAL STORES STRATEGY PREFERENCE 60% plan to invest in improvin
Slide 10: Strengthening the retail portfolio metrics in the face of the pandemic
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION STRENGTHENING THE RETAIL PORTFOLIO METRICS IN THE FACE OF THE PANDEMIC AGREEMENTS ON TRACK WITH 95% OF ADDENDUMS CLOSED … LEADING TO STRENGTHENED TENANT RELATIONSHIPS OR UNDER ADVANCED NEGOTIATIONS... STABILISING AND IMPROVING OF ALL RETAIL KEY R
Slide 11: Key Highlights
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION KEY HIGHLIGHTS MAIN KPI’S PERFORMANCE
Slide 12: Main KPI's Performance
KEY HIGHLIGHTS / RESULTS PRESENTATION MAIN KPI’s PERFORMANCE 18 367,015 sqm 98.3 % 13.4 years 95.2 % 95 % OPERATIONAL ASSETS GLA OCCUPANCY WAULT RENT COVID-19 COLLECTION NEGOTIATIONS CLOSED €59m €45m (€31.9m) €490m 2.39% 49.69 % GRI(1) EBITDA(1) NET RESULT(2) NET DEBT(3) ALL-IN COST NET LTV (4) FINA
Slide 13: FY2021 Financial Results
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION FY2021 FINANCIAL RESULTS CONSOLIDATED INCOME STATEMENT FINANCIAL DEBT POSITION GAV BRIDGE AND BREAKDOWN GRI BRIDGE AND BREAKDOWN
Slide 14: Consolidated Income Statement
FY2021 FINANCIAL RESULTS / RESULTS PRESENTATION CONSOLIDATED INCOME STATEMENT € thousand FY2021 FY2020 FINANCIAL PERFORMANCE Gross rental income (GRI) 58,585 55,902 Total recorded Group GRI, excluding income related to the portfolio operating expenses Property operating expenses (6,357) (4,429) re
Slide 15: Financial Debt Position
FY2021 FINANCIAL RESULTS / RESULTS PRESENTATION FINANCIAL DEBT POSITION € million 31/03/2021 31/03/2020 Drawdown Senior Loan Facility by €8.9m (Aareal Bank) during H2FY21 Gross Asset Value (GAV) 987.2 1,003.5 (1) Gross Debt 520.2 493.8 €m 8,9 502,7 Cash 33.5 49.1 493,8 Net Debt(1) 490.5 448.3 Metric
Slide 16: GAV Bridge and Breakdown
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION GAV BRIDGE AND BREAKDOWN VALUATIONS PREPARED AT 31 MARCH 2021 ALREADY REFLECT THE EFFECT OF THE PANDEMIC WITH A TOTAL GAV DECREASE OF 4.0%(1) SINCE 30 SEPTEMBER 2019 Covid-19 Covid-19 Covid-19 Effect Effect Effect (2) (3) (4) (2.4%) (1.0%) (0.7%)
Slide 17: GRI Bridge and Breakdown
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION GRI BRIDGE AND BREAKDOWN TEMPORARY COVID-19 AGREEMENTS REACHED TO SUPPORT OUR TENANTS NOT INCLUDING ANY SERVICE CHARGE RELIEF POTENTIAL PORTFOLIO GRI ANNUALISED OVER €66m SHOPPING CENTRES 0.3% LfL SHOPPING CENTRES €45m 68.2% RETAIL PARKS 1.3% GRO
Slide 18: Value Creation
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION VALUE CREATION ESG LEASING ACTIVITY REPOSITIONING PROJECTS PHASE II LOS ARCOS SHOPPING CENTRE DIGITAL PATH iCAST PROGRAMME
Slide 19: ESG
VALUE CREATION / RESULTS PRESENTATION ESG CASTELLANA PROPERTIES IS DEVELOPING ITS ESG STRATEGIC PLAN 2021-2024 WITH THE SUPPORT OF EY. We improve our buildings to We are committed to working We adopt the highest standards of reduce our carbon footprint and together with the communities governance in
Slide 20: Leasing Activity
BUSINESS PERFORMANCE & ACQUISITIONS / RESULTS PRESENTATION LEASING ACTIVITY COMMERCIAL PERFORMANCE FY2021 MAIN BUSINESS KPI´S DURING FY2021 PORTFOLIO ALMOST FULLY LET 116 €7.2m 31 MARCH 2021 98.29% LEASES SIGNED NEW RENT SIGNED 31 MARCH 2020 98.30% 49 67 €1.9m €5.3m RENEWALS NEW CONTRACTS RENEWALS N
Slide 21: Repositioning Project
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION REPOSITIONING PROJECT Value-added redevelopment projects in LOS EL FARO BAHÍA SUR LOS ARCOS ARCOS, BAHÍA SUR and EL FARO, have strengthened the existing offerings and dominance of the centres through the addition of new and exciting retailers, th
Slide 22: Phase II Los Arcos Shopping Centre
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION PHASE II LOS ARCOS SHOPPING CENTRE SOLIDIFYING THE LEADING POSITION OF LOS ARCOS, ENSURING THE BEST LEISURE AND FOOD AREA BEFORE AFTER After the acquisition of a four-storey office building adjacent to Los Arcos, comprising TOTAL DEADLINE ADDITIO
Slide 23: Digital Path
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION DIGITAL PATH STRENGTHENING THE PORTFOLIO WITH A POWERFUL AND UNIFIED DIGITAL CUSTOMER JOURNEY New website, app and A single platform for loyalty program in each digital channels with Shopping Centre focusing on powerful, versatile and customer ce
Slide 24: Digital Path
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION DIGITAL PATH ORDER YOUR FOOD THOUGH SHOPPING CENTRE’S APP AND WE DELIVER YOU AT HOME! Castellana has launched the first food marketplace in a shopping centre in Spain. We aim to implement a comprehensive solution to offer our customers the poss
Slide 25: iCast Programme
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION iCAST PROGRAMME CREATING OUR OWN INNOVATION PROGRAMME TO ADAPT SHOPPING CENTRES TO EMERGING CONSUMER NEEDS AND EXCEL AS TRULY OMNICHANNEL SPACES iCAST has been designed to lead the way in innovation, create added value, spearhead transformation
Slide 26: Appendix
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION APPENDIX SHOPPING CENTRES CONSIDERED SAFE SPACES TAKING ADVANTAGE OF THE ENTIRE PORTFOLIO OUR PORTFOLIO TOP 10 ASSETS
Slide 27: Shopping Centres Considered Safe Spaces
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION SHOPPING CENTRES CONSIDERED SAFE SPACES CUSTOMERS TRUST IN OUR ASSETS AND RETURN TO OUR MALLS AS SOON AS RESTRICTIONS ARE LIFTED We continuously adapt our malls to continue to create exciting leisure Extra security & staff activities…. New bookin
Slide 28: Taking Advantage of the Entire Portfolio
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION TAKING ADVANTAGE OF THE ENTIRE PORTFOLIO CONTINUOUSLY LAUNCHING EXCITING AND IMPACTFUL EVENTS ACROSS THE PORTFOLIO TO DRIVE TENANT’S SALES, AS WELL AS FOSTERING BROADER COMMUNITY BENEFITS SUPERTHINGS PORTFOLIO ROADSHOW CHRISTMAS PORTFOLIO CAMPAIG
Slide 29: Our Portfolio
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION OUR PORTFOLIO WELL DIVERSIFIED ACROSS SPAIN 9 4% 1 El Faro 10 Marismas de Polvorín 5 9% 2 Bahía Sur 11 Alcobendas Building 11 3 Los Arcos 12 La Heredad 8 7% 17 4 Granaita 13 La Serena 16 20% 5 Vallsur 14 Pinatar Park 12 9% 6 Habaneras 15 Motril R
Slide 30: Spanish Portfolio Overview
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION SPANISH PORTFOLIO OVERVIEW TOP 10 ASSETS EL FARO BAHÍA SUR LOS ARCOS GRANAITA (1) VALLSUR GAV €159.4m €140.8m €135.9m €105.7m €87.2m Province Badajoz Cádiz Seville Granada Valladolid Catchment Area (Inhabitants) 517,491 674,250 1,499,884 628,002
Slide 31: Spanish Portfolio Overview
CASTELLANA PROPERTIES OVERVIEW / RESULTS PRESENTATION SPANISH PORTFOLIO OVERVIEW TOP 10 ASSETS HABANERAS PUERTA EUROPA PARQUE OESTE (1) PARQUE PRINCIPADO MARISMAS DEL POLVORÍN GAV €83.8m €65.0m €49.0m €34.6m €26.7m Province Alicante Cádiz Madrid Oviedo Huelva Catchment Area (Inhabitants) 531,670 311
Slide 32: Disclaimer
RESULTS PRESENTATION DISCLAIMER PURPOSE OF THIS PRESENTATION AND LIABILITY ACCOUNTING STANDARDS APPLIED This document has been prepared by Castellana Properties SOCIMI, S.A. ("Castellana Properties") This document and the information presented herein was prepared by Castellana Properties solely with
Slide 33: Rubén Darío, 3 28010 Madrid www.castellanaproperties.es
Rubén Darío, 3 28010 Madrid (+34) 91 426 86 86 www.castellanaproperties.es 33
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