Briq Properties Real Estate Investment Company · ATHEX:BRIQ
Briq Properties Real Estate Investment — BriQ Properties REIC — 3rd ATHEX Small-Cap Conference 2020
22 slides from Briq Properties Real Estate Investment's conference presentation, Nov 23, 2020
Slide 1: BriQ Properties REIC Company Presentation
BriQ Properties REIC Company Presentation 3rd ATHEX Small-Cap Conference 23 & 24 November 2020
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 Key Facts
BriQ Key Facts Portfolio Capital Structure Financials - snapshot 26 € 64,7 m € 2,77 m / € 2,93 m Properties (30.09.2020) Market Cap (20.11.2020) Revenues 9M ’20 / FY 2019 63.883 m2 23% € 1,84 m / € 1,85 m GBA (30.09.2020) Discount to NAV of 30.09.2020 Adj.(2) EBITDA 9M ’20 / FY 2019 45,6% € 72,6 m F
Slide 5: Portfolio Growth
Portfolio Growth Portfolio more than tripled in 4 years and at the same time diversified in new asset types and in a wider universe of creditworthy tenants Asset uses expanded to hotels, elderly hosting center GAV tripled in 4 years 72,6 (special use) and retail 60,0 26 22 +21% ...in terms of uses (
Slide 6: Portfolio overview
Portfolio overview Property portfolio primarily comprises of offices, logistics and medium size hotels Portfolio breakdown (30.09.2020) Pro Forma (*) Portfolio breakdown (PF 30.09.2020) Special Use Special Use 2 Retail Stores 2 assets Retail Stores assets 3 assets 3 assets 4,4% 3,6% Hotels 4,0% Hote
Slide 7: Strong Tenants
Strong Tenants 7 Source: Corporate information
Slide 8: Selected Investments of last 12 months
Selected Investments of last 12 months BriQ invested a total of € 25,6 m in the acquisition of 11 properties during the last 12 months Land Plots 84.918 m2, Aspropyrgos, Office Building with ground Third floor office unit 419 Attica in Jun. 2020 and Nov. 2020 floor retail unit 3.022 m2, 67 m2, 3 Mit
Slide 9: Aspropyrgos Development Project
Aspropyrgos Development Project BriQ is developing a modern Logistics Complex with 2 buildings of total area c. 31.000sqm • Modern Logistics Complex of two (2) buildings in 84.918 sqm of land. • High specifications : pre-cast concrete building, Z3 • Investment (incl. land) : € 13,1 m for Building 1
Slide 10: 02 Financial Performance
PROPERTIES 0 2 Financial Performance 10
Slide 11: Financial Performance
Financial Performance (amounts in € 000’s) Rental Income Adj. (1) EBITDA +29,0% +29,4% +34,6% +31,7% +15,4% 2.928 +14,9% 1.852 +60,6% 1.842 +35,7% 2.765 1.436 1.424 2.175 2.100 1.250 1.885 1.548 887 2017 2018 2019 9M '18 9M '19 9M '20 2017 2018 2019 9M '18 9M '19 9M '20 Adj. (1) EBT Adj. (1)(2) Net
Slide 12: Solid Financials despite COVID-19 effect
Solid Financials despite COVID-19 effect ▪ Annualized revenues (Nov. ‘20, excl. COVID-19 effect) of € 4,4 m ▪ Gross yield of 6,5% based on annualized rent (excl. COVID-19 effect; excl. land properties) Income Statement pro-forma Covid-19 effect (in € m) 2018 2019 LTM Sept 20 annualised excl. 9Μ 2020
Slide 13: Stock Performance
Stock Performance BriQ Properties enters FTSE / X.A. Mid Cap Index from 18.12.2020 07.04.2020: € 0,039 Dividend /share (net) Average daily volume (01.01.2020 - 20.11.2020): 20.738 shares 10,00% 0,00% Closing price 20.11.2020 € 1,81 -10,00% -20,00% -30,00% -40,00% -50,00% 31/12/2019 31/1/2020 29/2/20
Slide 14: Dividend History
Dividend History BriQ Properties has paid a total amount of € 2,47 m in dividends since its establishment 30.04.2018: 29.03.2019: 07.04.2020: € 417 Κ total (85%(1)) € 656 Κ total (58% (1)) € 1.395 Κ total (98% (1)) € 0,035 Dividend € 0,055 Dividend € 0,039 Dividend /share (net) /share (net) /share (
Slide 15: SCI Use of Funds
SCI Use of Funds (amounts in € m) Amount Share Capital Increase (Dec’19) 50,0 Less: SCI expenses (1,6) Net Share Capital Increase 48,4 Less: Working capital (1,0) Investment Properties Acquisition Funds 47,4 Uses of funds Amount Property (11) acquisitions (Sept ‘19 - Nov ’20) (1) 25,6 Debt repayment
Slide 16: SCI Property Investments
SCI Property Investments (amounts in € 000's) Investment # Asset Type Acquisition Dt Amount Bought through 1 Mitropoleos 3 Office Oct 2019 1.466 public auction 2 Rhodes Retail Oct 2019 765 ETE auction 3 Naoussa, Paros Land/Hotel Nov 2019 260 private sale 4 El. Venizelou, Kallithea Office Nov 2019 1.
Slide 17: Capital Structure
Capital Structure Headroom for LTV to reach 35% - 40% in accordance with international REIC practice Balance Sheet (in € m) 31.12.2018 31.12.2019 30.09.2020 PF 30.09.20 Investment Property 39,6 59,8 72,6 125,6 Other assets 0,3 0,5 1,4 1,4 Cash & cash equivalents 1,3 37,6 11,2 3,2 Total Assets 41,2 9
Slide 18: Corporate Governance
PROPERTIES 03 Corporate Governance 18
Slide 19: BoD Executive competence
BoD Executive competence Theodore Fessas Phaedon Tamvakakis Anna Apostolidou Apostolos Georgantzis President – Non Exec. Member Vice President - CEO – Exec. Member Exec. Member Founder and major Independent Non-Exec. 17 years of RE experience CEO of Quest Holdings shareholder of Quest Holdings Membe
Slide 20: Corporate Governance pillars
Committed to best corp. governance practices ▪ BoD, elected by General Assembly of 30.03.2020, comprises of eight (8) members BoD ▪ It includes six (6) non-executive members, three (3) of which are independent ▪ Highly reputable professionals with proven investment and finance experience Corporate G
Slide 21: 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 22: 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 22
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