Briq Properties Real Estate Investment Company · ATHEX:BRIQ
Briq Properties Real Estate Investment — BriQ Properties REIC — 4th ATHEX Small-Cap Conference 2021
24 slides from Briq Properties Real Estate Investment's conference presentation, Oct 20, 2021
Slide 1: BriQ Properties REIC Company Presentation
BriQ Properties REIC Company Presentation 4ο ATHEX Small-Cap Conference 20-21 October 2021
Slide 2: Contents
01 Company Highlights Contents 02 Financial Performance 03 Corporate Governance 2
Slide 3: 01 Company Highlights
PROPERTIES O 1 Company Highlights
Slide 4: BriQ at a glance
BriQ at a glance Portfolio Capital Structure Financials - snapshot 30 € 73,3 m € 2,6 m / € 1,8 m Properties Market Cap (18.10.21) Revenues Η1 2021 / Η1 2020 125.955 m2 € 1,7 m / € 1,1 m GBA 16% Adj.(2) EBITDA Η1 2021 / Η1 2020 Discount to NAV € 114 m € 1,3 m / € 0,8 m GAV (30.06.21) 45,6% Adj.(2) EB
Slide 5: Portfolio Diversification
Portfolio Diversification Large shift in portfolio in last twelve months to Logistics RE Portfolio Value RE Portfolio Value (30.06.21) (30.06.20) Retail 4,1% Retail 2,6% Office 30,0% Special Use 4,5% Special Use Office 3,0% Land 6,1% 43,7% Land € 114,2Μ 0,4% € 71,7Μ Hospitality Logistics 16,9% 47,1%
Slide 6: Portfolio Growth H1 2021
Portfolio Growth H1 2021 Amounts in € million 8% Increase Property Portfolio Value in H1 2021 116,0 114,2 114,0 2,1 112,0 4,0 110,0 108,0 106,0 2,1 106,0 104,0 102,0 100,0 RE Portfolio Value Investment Assets Development Assets Revaluation of RE Portfolio Value 31.12.2020 investment property 30.06.2
Slide 7: YTD 2021 Achievements
YTD 2021 Achievements • New investments of € 9,7 m completed in YTD 2021 : o € 3,2 m in two investment properties in the office sector o € 1,3 m in development properties (mainly Aspropyrgos land properties) o € 5,2 m in development capex for BriQ Logistics Park in Aspropyrgos • 8% increase in RE po
Slide 8: BriQ Logistics Park
BriQ Logistics Park BriQ is developing a modern logistics complex in Aspropyrgos • Modern Logistics Complex of 40.000 sqm • Total land of 102.814 sq.m. • Building A of 20.818 sqm to be delivered at the end of 2021. • Useful Height (internal) : 9,73 m • Pre-cast concrete, fire protection Z3 • Lease a
Slide 9: SARMED WAREHOUSES S.A.
SARMED WAREHOUSES S.A. BriQ owns 80% of largest logistics complex in Mandra, Attiki • Logistics Complex of eight (8) buildings of 58.641 sqm • Total land area of 131.232 sqm. • Excellent location, industrial Zone of Mandra, 700 m facade on ATTIKI ODOS (exit 1) • Fully leased to SARMED LOGISTICS S.A.
Slide 10: 02 Financial Performance
PROPERTIES 0 2 Financial Performance 10
Slide 11: Financial Performance H1 2021
Financial Performance H1 2021 (amounts in € 000’s) Rental Income Adj. (1) EBITDA +45,7% +44,2% 1.661 +32,7% 2.574 +34,1% 1.152 1.766 868 1.317 6M 2019 6M 2020 6M 2021 6M 2019 6M 2020 6M 2021 Adj. (1) EBT Adj. (1) Net Profit +62,0% +64,3% 1.310 1.253 +12,4% +36,5% 809 763 720 559 6M 2019 6M 2020 6M 2
Slide 12: Capital Structure
Capital Structure Headroom for LTV to reach 40% in accordance with international REIC practice Balance Sheet (in € m) 31.12.2018 31.12.2019 31.12.2020 30.06.2021 Investment Property 39,6 59,8 106 114,2 Other assets 0,3 0,5 2,7 2,1 Cash & cash equivalents 1,3 37,6 2,1 3,4 Total Assets 41,2 97,9 110,8
Slide 13: Stock Performance
Stock Performance BriQ Properties is in FTSE / X.A. Mid Cap Index from December 2020 Όγκος Συναλλαγών σε € χιλ. BriQ Athex 16% discount to NAV (€ 2,38 at 23/08/21: 30.06.21) € 2,36 high 25,00% 1.000 record 20,00% 18/10/2021: 900 € 2,05 800 15,00% 700 10,00% 600 5,00% 500 0,00% 400 300 -5,00% 200 -10
Slide 14: NAV / Dividend History
NAV / Dividend History 30.04.2018: 29.03.2019: 07.04.2020: 28.04.2021: € 0,035 € 0,055 € 0,039 € 0,060 Dividend Dividend Dividend Dividend /share (net) Dec 2019 /share (net) /share (net) No. of /share (net) 2,6 shares 2,55 2,58 tripled 2,5 2,45 2,38 2,4 2,37 2,37 2,35 2,33 2,35 2,3 2,25 2,2 31.12.20
Slide 15: Shareholders Structure
Shareholders Structure Shares Outstanding: 35.764.593 THEODORE FESSAS EFTYCHIA KOUTSOURELI 37,6% 16,8% MUTUAL FUNDS 10,4% OTHER INSTITUTIONALS 2,1% OWN SHARES HELD 1,0% SOCIAL SECURITY FUNDS 4,2% INSURANCE COMPANIES PRIVATE INVESTORS 7,0% 20,9% Source: Athens Stock Exchange (Athex) as at 30.06.2021
Slide 16: Corporate Governance
PROPERTIES 03 Corporate Governance 16
Slide 17: BoD Executive competence
BoD Executive competence Theodore Fessas Efstratios Papaefstratiou Anna Apostolidou Apostolos Georgantzis President – Non Exec. Member Independent Non-Exec. Vice CEO – Exec. Member Exec. Member Founder and major President 17 years of RE experience CEO of Quest Holdings shareholder of Quest Holdings
Slide 18: Corporate Governance pillars
Committed to best corp. governance practices ▪ BoD, elected by General Assembly of 14.07.2021, comprises of seven (7) members BoD ▪ It includes five (5) non-executive members, three (3) of which are independent ▪ Highly reputable professionals with proven investment and finance experience Corporate
Slide 19: Appendices
PROPERTIES Appendices 19
Slide 20: Profit & Loss Statement H1 2021
Profit & Loss Statement H1 2021 Group Company From From From 01.01.2021 From 01.01.2020 (Αmounts in € 000’s) 01.01.2021 to 01.01.2020 to to 30.06.2021 to 30.06.2020 30.06.2021 30.06.2020 Rental Income 2.574 1.766 1.544 1.686 Net gain/(loss) from fair value adjustments on 2.092 495 1.801 (25) investm
Slide 21: Balance Sheet 30.06.2021
Balance Sheet 30.06.2021 Group Company (Αmounts in € 000’s) 30.06.2021 31.12.2020 30.06.2021 31.12.2020 ASSETS Non-current assets Investment Property 114.244 106.001 80.613 72.860 Investments in Subsidiaries - - 27.690 27.425 Property and equipment 304 312 160 161 Intangible assets 32 76 26 30 Trade
Slide 22: Cash Flow Statement H1 2021
Cash Flow Statement H1 2021 Group Company From 01.01.2021 From 01.01.2020 From 01.01.2021 From 01.01.2020 (Αmounts in € 000’s) to 30.06.2021 to 30.06.2020 to 30.06.2021 to 30.06.2020 Cash flows from operating activities Profit / (loss) before tax 3.070 1.119 2.083 528 (Increase)/ Decrease of fair va
Slide 23: Disclaimer
Disclaimer Important Notice of Confidentiality and Disclaimer of Liability THIS DOCUMENT MAY ONLY BE USED IN CONJUNCTION WITH AND SUBJECT TO THE TERMS OF THIS NOTICE By having access to these materials (the “Materials”) by any means, you agree to the following: The Materials have been prepared by BR
Slide 24: Thank You
Thank You If you wish to receive news and announcements of our Company, please subscribe here or send us an email at ir@briqproperties.gr Website: www.briqproperties.gr 24
BriQ Properties REIC — 4th ATHEX Small-Cap Conference 2021 on 6ix