Helios Re SOCIMI, S.A. · BME:SCHLR
Helios Re SOCIMI — Lar España Real Estate SOCIMI — FY2023 Earnings Presentation
27 slides from Helios Re SOCIMI's earnings presentation, March 2024
Slide 1: Corporate presentation
Corporate presentation March 2024
Slide 2: Index
Index 1 Company Overview 2 FY 2023 Results 3 Final remarks 2 Corporate presentation
Slide 3: Company Overview
_— The REIT for the 1 la 5 .. new retail w@rld Company Overview
Slide 4: Leaders in the retail segment
Corporate presentation Leaders in the retail segment Lar España's mission is to lead the retail real estate industry thanks to the size of its portfolio, the quality of its assets and the efficiency of its management model. The constant improvement in these three objectives allows it, in turn, to al
Slide 5: With a differential business model
Corporate presentation With a differential business model Dominant shopping centres in catchment areas Omnichannel strategy Our assets are located in relevant but low retail We see e-commerce as an opportunity not a risk. It is a new hybrid density areas, with limited competition around and form of
Slide 6: We have not stopped excelling
Corporate presentation We have not stopped excelling Acquisition of Megapark, Lagasca 99 residential Lagoh opening Covid-19 €50 Mn dividend paid €400 Mn IPO Amortization of the El Rosal, As Termas and Acquisition of delivery pandemic, proving in 2023 Senior Secured Bond logistic warehouse Vistahermo
Slide 7: Over the last ten years
Corporate presentation Over the last ten years After a decade of significant activity… IPO of 2 capital 1 issuance of a 2 green bond 3 share 1 bond buyback buyback 30 asset 18 divestments €400 Mn increases secured bond in issuances in programmes programme acquisitions of assets March 2014 (2015 & 20
Slide 8: Creating a value-added REIT
Corporate presentation Creating a value-added REIT Our Mission To provide our customers with unique shopping experiences by combining 12 100% leisure and retail through an omnichannel approach. Assets Ownership of the assets Our Vission To lead the industry based on the size of our portfolio, the qu
Slide 9: A clear idea: dominant & resilient portfolio
Corporate presentation A clear idea: dominant & resilient portfolio Lagoh | SC Gran Vía de Vigo | SC Portal de la Marina | SC El Rosal | SC 69,734 sqm 41,447 sqm 40,334 sqm 50,996 sqm Visits: 5.4 Mn Visits: 4.8 Mn Visits: 2.5 Mn Visits: 3.6 Mn Sales: €94.7 Mn Sales: €81.3 Mn Sales: €65.9 Mn Sales: 8
Slide 10: Meeting the highest standards
Corporate presentation Meeting the highest standards >300K Occuppancy Leader in catchment Refurbished/ > 4 Inditex Shopping centers Asset class GLA >40K sqm inhabitants >4 Million visits Food anchored BREEAM >90% area developed last 5y flags catchment area Lagoh Dominant Gran Vía de Vigo Dominant Po
Slide 11: Committed with transparency, environment and governance
Corporate presentation Committed with transparency, environment and governance Board of Directors EPRA Gold Award Financial Reporting José Luis Alec Roger M. Isabel Leticia Miguel 2015 2016 2017 2018 2019 2020 2021 2022 2023 del Vale Emmott Cooke Aguilera Iglesias Pereda Chairman Vice Chairman 5 Ind
Slide 12: And committed with top experienced management: Grupo Lar
Corporate presentation And committed with top experienced management: Grupo Lar Investment Management Agreement ➢ Grupo Lar owns a 10.12% in Lar España Key figures ➢ Stability shareholding ➢ Reliable manager and partner 55 years in a row 250 ➢ Solid management team ➢ Strong financial structure as le
Slide 13: FY 2023 Results
_— The REIT for the 1 la 5 .. new retail w@rld FY 2023 Results
Slide 14: We have achieved sound financial results
Corporate presentation We have achieved sound financial results GRI NOI NET PROFIT +13.5% vs FY 2022 +16.5% vs FY 2022 €77.2 Mn2 +16.3%1 vs FY 2022 +19.5%1 vs FY 2022 +91.6% vs FY 2022 COLLECTION GAV WAULT OCCUPANCY RATE €1,313 Mn 2.5 years 97.1% 99%3 1 Lfl excluding Rivas Futura and Vistahermosa re
Slide 15: Operating performance close to being a virtuous circle
Corporate presentation Operating performance close to being a virtuous circle RENTS FINAL CUSTOMERS CONFORTABLE LEVEL EXCELLENT AVERAGE OF OF EFFORT RATE TIME PER VISIT 10.2%1 Annual increase in average stay per visit in our assets RETAILERS UNBEATABLE LEVEL OF +12.8% COLLECTION RATE +8.9% 99%2 2021
Slide 16: And maintained a solid financial profile
Corporate presentation And maintained a solid financial profile BBB 1 NET FINANCIAL DEBT 2 NET LTV 3 AVERAGE COST OF DEBT €406.6 Mn 31.0% 1.78% 4 AVERAGE DEBT MATURITY 5 GREEN, FIXED RATE AND UNENCUMBERED 6 SOLID CASH POSITION 3.8 years 100% c. €245 Mn 16 FY 2023 Results Presentation
Slide 17: P&L FY 2023: strong set of results
Corporate presentation P&L FY 2023: strong set of results FY 2022 FY 2023 Consolidated Income Statement FY 2023 (€ Millions) Total Total % Growth Revenues 80.2 91.4 +14.0% Other Income 3.4 3.6 Total Income 83.6 95.0 +13.5% +16.3% LfL1 Personnel expenses (0.9) (0.8) Other expenses (22.6) (28.3) Chang
Slide 18: Once again we propose the highest dividend in our history
Corporate presentation Once again we propose the highest dividend in our history Since our foundation, we have distributed 12.9% a total of Div Yield1 >€391.2 Mn2 € 0.80 ps € 0.79 ps € 0.49 ps €75.0 Mn € 0.63 ps €66.2 Mn € 0.60 ps € 0.33 ps €55.0 Mn € 0.31 ps € 0.36 ps €50.0Mn €45.0 Mn 100% ordinary
Slide 19: Even the share's appreciation, the dividend yield remains very strong
Corporate presentation Even the share's appreciation, the dividend yield remains very strong Revaluation of the Lar España share during the year 2023 Dividend yield over market cap 14.2% 12.9% 4.0% 4.1% +45.6% 2022 2023 Lar España Spanish Stock Market 1 Spanish stock market average according to BME
Slide 20: Successful asset rotation policy
Corporate presentation From the very beginning, we have been pursuing a successful asset rotation policy ALBACENTER DIVESTMENTS ÁNECBLAU 5.5% EGEO Average VILLAVERDE Exit Yield TXINGUDI MARCELO ALOVERA I&II NUEVO ALISAL AS TERMAS PARQUE PALMAS CHESTE ESPINOLA GUADALAJARA GALARIA ALTAS LOGÍSTICA NORT
Slide 21: We continue applying the best practices in environment
Corporate presentation We continue applying the best practices in environment Decarbonisation aligned with SBTi 2023 performance Water footprint • Near-term targets: Climate Neutral by • 100% of the portfolio is BREEAM- • For each asset in accordance with the 2030 with 60% reduction in Scope 1 + cer
Slide 22: And the best-in-class practices in S & G
Corporate presentation And the best-in-class practices in S & G Best corporate Accessibility Sustainable Mobility governance practices MSCI/Green bond 4 additional assets awarded in 2023 with Universal Accessibility Tender launched for the selection of the company's new A External Accounts Auditor E
Slide 23: Final remarks
The REIT for the 1 new retail w@rld Final remarks
Slide 24: In summary: we have achieved strong results
Corporate presentation In summary: we have achieved strong results GROWING SOLID MAJOR RENTS OPERATING INCREASE IN RESULTS PROFIT GRI c.+14% vs FY 2022 NOI +16.5% vs FY 2022 Net profit +91.6%2 GRI +16.3%1 vs FY 2022 NOI +19.5%1 vs FY 2022 vs FY 2022 MODERATE OUR HIGHEST DEBT ORDINARY LEVEL DIVIDEND
Slide 25: …thanks to our focus on…
Corporate presentation …thanks to our focus on… STRONG ACTIVE ASSET OPTIMAL TOP IN CLASS ESG EXCELLENT PORTFOLIO MANAGEMENT OMNICHANNEL PRACTICES SHAREHOLDER STRATEGY PROFITABILITY 25 Final remarks
Slide 26: Disclaimer
Disclaimer This document has been prepared by Lar España Real Estate SOCIMI, S.A. (the “Company”) for information purposes only and the information included in this document is not regulated information or information which has been subject to prior registration with, or control by, the Spanish Nati
Slide 27: www.larespana.com
a En... | 10 The REIT for the www.larespana.com new retail w@rld
Lar España Real Estate SOCIMI — FY2023 Earnings Presentation on 6ix