Soges Group Spa · MIL:SOGES
Soges Group Spa — Investor Presentation (April 2025)
27 slides from Soges Group Spa's investor presentation, Apr 2, 2025
Slide 1: Investor Presentation
INVESTOR PRESENTATION A p r i l 2 nd, 2 0 2 5
Slide 2: Soges at a Glance
Art Atelier - Firenze SOGES AT A GLANCE 2
Slide 3: Paolo Galardi, Andrea Galardi, Simona Cappelletti
PAOLO GALARDI CHAIRMAN Founder of the company, over thirty years of experience in business relations with public and private companies. He is the figure dedicated to investments, relations with institutional and non-institutional entities, strategic vision of lines for the future, study of opportuni
Slide 4: Soges Group SpA is an SME leading in hotel and conference hospitality
SOG ES G RO UP S PA is a n SM E tha t r ank s a mo ng the leadin g Italian c om panie s a c t iv e in hotel a nd c onf eren c e hos pita li ty within prestigiou s facilities . The co mp an y o perat es primarily th rou gh its P l ac e o f Char m e (“ P o C”) bran d wh os e goal is to provide a n off
Slide 5: Firenze Cluster and Venezia
FIRENZE CLUSTER VILLA NEROLI COLLEZIONE ALFIERI 76 ROOMS 67 ROOMS NEW OCCUPATION 85 % REVENUES € 4,509 K ADR € 153 VILLA AGAPE HOTEL MALASPINA 31 ROOMS 27 ROOMS NEW OCCUPATION 93 % REVENUES € 2,719 K ADR € 223 ART ATELIER VENEZIA MELIÁ VENEZIA LIDO 33 ROOMS LIDO OCCUPATION 91 % REVENUES € 1,552 K AD
Slide 6: Chianti Cluster
CHIANTI CLUSTER PARK HOTEL CHIANTI BORGO DI CORTEFREDA 43 ROOMS 55 ROOMS OCCUPATION 79 % OCCUPATION 82 % REVENUES € 1,284 K REVENUES € 2,538 K ADR € 93 ADR € 107 PODERE MEZZASTRADA BOCCIOLETO RESORT 20 ROOMS 22 ROOMS 6 APARTMENTS OCCUPATION 59 % OCCUPATION 86 % REVENUES € 438 K REVENUES € 1,022 K AD
Slide 7: Milestones
Fonte: Dati MILESTONES Ma n a gem en t of Depen da n ce Clos in g of Pa r k Ma n a g em en t d i dell’Ar t Ateli er Hotel Ch ia n ti Villa Olm o 12/06/24 17/07/24 19/12/24 24/02/25 18/06/24 30/09/24 27/12/24 Wh ite La bel IPO EGM Acquisi t i on of Clos in g Hotel Br eta gn a S r l Melià Hotel Bor go
Slide 8: Recent Acquisitions
RECENT ACQUISITIONS Fonte: Dati Societari PURCHASE OF THE PROPERTY AND HOTEL BUSINESS UNIT HOTEL BORGO DI CORTEFREDA • Acquisition of Hotel Borgo di Cortefreda, located in Tavarnelle Val di Pesa (FI). The transaction involved the purchase of the property and of the hotel business unit, already manag
Slide 9: Recent Acquisitions
RECENT ACQUISITIONS Fonte: Dati Societari MANAGEMENT OF VILLA OLMO IN IMPRUNETA • Acquisition of the management of the Villa Olmo complex, located in Impruneta (FI). The transaction involved the signing of a sub-leasing contract for the management of the non-hotel accommodation activities ‘Relais Vi
Slide 10: Business Model
Boccioleto Resort - Montaione BUSINESS MODEL 10
Slide 11: Macroeconomic Environment
MACROECONOMIC ENVIRONMENT Fonte: Dati Societari Hospitality Market Italy 2022-27E (Bn Euro) The hotel sector in Italy has surpassed pre-Covid levels in 2024, with a 1% increase in guest arrivals compared to 2019 and a 3% increase compared to 2023. Demand has grown, with positive results in the autum
Slide 12: Value Chain
VALUE CHAIN ACQUISITION TOURIST FACILITIES • SOGES GROUP’s core business is the acquisition of hotel management with a focus on: • optimize economic results OPERATIONAL • repositioning brand reputation MANAGEMENT • improve the operational performance of each individual facility • Thanks to its uniqu
Slide 13: Target research, screening, negotiation and operational management
1. 1 – TARGET RESEARCH 2 – TARGET SCREENING 3 - NEGOTIATION 4 - ACQUISITION AND Target search based on: Selection based on the Negotiation process with RENOVATION OF THE FACILITY • Location following quantitative criteria: definition of a 'binding offer and Facility takeover; facility • Building • N
Slide 14: Important Growth of Business and Selection Skills
Art Atelier - Firenze IMPORTANT GROWTH OF SCALABLE MODEL EXPERIENCE BUSINESS AND MANAGEMENT SELECTION SKILLS 14
Slide 15: Centralized Structure
VILLA AGAPE ART ATELIER PODERE MEZZASTRADA PARK HOTEL VILLA NEROLI CHIANTI FACILITY DEPARTMENT IT HR DEPARTMENT DEPARTMENT The Company, thanks to its strategy, has CENTRALIZED developed a business organization capable of BORGO DI increasing the number of managed facilities BOCCIOLETO STRUCTURE CORTE
Slide 16: Strategic Guidelines
Villa Neroli - Firenze STRATEGIC GUIDELINES ACQUISITION OF NEW CONSOLIDATION OF PLACE OF CHARME IMPLEMENTATION OF IMPLEMENTAZIONE DEI MANAGEMENT SYNERGIES FACILITIES BRAND UNDER MANAGEMENT SERVICES SERVIZI CONTRACTS STRENGTHENING • Increased revenues • Development of synergies among the various • In
Slide 17: Financials FY2024
Park Hotel Chianti - Barberino Tavarnelle FINANCIALS FY2024 17
Slide 18: Financial Highlights FY2024
FINANCIAL HIGHLIGHTS FY2024 Fonte: Dati Societari VALUE OF PRODUCTION: € 16.8M vs €15.9M in FY2023 • The 4.7% growth in value of production compared to FY2023 is attributable to the increase in Accommodation, Catering and Ancillary Services. EBITDAR: € 3.05M vs €2.97M in FY2023 • EBITDAR is positive
Slide 19: Pro-Forma Income Statement
PRO-FORMA INCOME STATEMENT Fonte: Dati Societari Given that the acquisition of Hotel Bretagna and Incorsi occurred in the latter half of December 2024, their contribution to the 2024 financial results of SOGES Group S.p.A. would have been minimal. As a result, a pro-forma consolidated income stateme
Slide 20: Appendix
Podere Mezzastrada - Fiano APPENDIX 20
Slide 21: Shareholding Structure and Governance
SHAREHOLDING STRUCTURE AND GOVERNANCE Board of Directors 22.13% Paolo Galardi Chairman Cristina Galardi Vice President 0.53% 0.50% Andrea Galardi CEO Paolo De Nadai Non-executive Director Fabio Brigante Director 76.84% Bernardo Balleggi Director Emanuele Mastagni Director Gala Holding S.r.l. Andrea
Slide 22: Income Statement
Fonte: Dati Societari INCOME STATEMENT (€ 000) FY2024 FY2023 % Sales revenues 16,699 15,786 5.8% Other revenues 129 161 -19.9% Value of production 16,828 15,947 5.5% Raw materials 1,819 1,840 -1.1% Cost of services 4,828 4,452 8.4% Change in rem. of raw, ancillary and 6 8 -25.0% consumable materials
Slide 23: Breakdown Revenues per Services
BREAKDOWN REVENUES PER SERVICES Fonte: Dati Societari • ACCOMMODATION is € 12.9M, about 77% of total revenues, and represents the recognition of revenues pertaining to room rental and “breakfast” services provided by facilities. The 7.5% increase over FY2023 is mainly attributable to the 5.79% expan
Slide 24: Breakdown Revenues per Structure
BREAKDOWN REVENUES PER STRUCTURE Fonte: Dati Societari 24
Slide 25: Balance Sheet
BALANCE SHEET Fonte: Dati Societari €(000) FY2024 FY2023 % Fixed Assets 20,312 6,600 207.8% Warehouse 296 290 -3.3% Trade Receivables 415 463 79.5% Trade Payables (1,475) (1,167) 26.4% Trade Working Capital (763) (413) 14.1% Other Receivables 286 465 -38.5% Other Payables (1,550) (1,399) 27.0% Net t
Slide 26: Disclaimer
DISCLAIMER For the purposes of the following warning, this presentation (the "Presentation") includes the attached slides and any material distributed during or in connection with the Presentation. The Presentation has been prepared by SOGES GROUP S.p.A. (the "Company" or "SOGES GROUP") exclusively
Slide 27: Thank you!
Thank you! Contacts: Sede legale: via dei Caboto 49, 50127, Firenze Uffici direzionali e amministrazione: Largo Novello 1 F, 50126, Firenze Tel. 0556532526 investor-relation@soges-group.com