Consultatio SA · BCBA:CTIO
Consultatio SA — Investor Presentation (May 2015)
49 slides from Consultatio SA's investor presentation, May 2015
Slide 1: A Unique Investment Opportunity
Presentation3 Agenda Page A UNIQUE INVESTMENT OPPORTUNITY May 2015 [CLIENT NAME]
Slide 2: Disclaimer
Presentation3 Disclaimer The following documents contain the general description and background of Consultatio S.A. and its subsidiaries (collectively designated hereafter as “Consultatio” or the “Company”) as of the date hereof. This is an information summary and does not purport to be fully exhaus
Slide 3: Introduction
Presentation3 INTRODUCTION [CLIENT NAME]
Slide 4: Consultatio at a glance
Presentation3 Consultatio at a glance Overview Key market data Consultatio is a real estate developer, which operates Price @ IPO US$1.0 in 4 business segments: masterplanned communities, commercial buildings, residential towers and tourist Current price US$2.7 residencies It currently has 6 on
Slide 5: Successful business model
Presentation3 Successful business model First priority to Focus in High End & Unique land banks in project conception Self funded projects AAA projects high growth areas and design Third party Pre sale of projects participation through to finance equity construction costs 29 projects developed suc
Slide 6: Business Segments
Presentation3 Business Segments Masterplanned Communities Commercial Properties Residential Towers Tourist Residencies First company to introduce AAA office buildings, where Focus on design and Development in touristic the concept of location, services, innovative premium quality constructio
Slide 7: Masterplanned Communities
Presentation3 MASTERPLANNED COMMUNITIES [CLIENT NAME]
Slide 8: Presentation3 [ C L 7 I E N T N A M E ]
Presentation3 7I E N T N A M E ] [CL
Slide 9: Nordelta
Presentation3 Nordelta Project Description Investment rationale Nordelta is located in Tigre, a suburban area 18 miles Introduce a new concept of gated community, a new way away from Buenos Aires of living in a city outside the city It has a medical center, 5 schools, a shopping mall, 20 Uni
Slide 10: Presentation3 [ C L 9 I E N T N A M E ]
Presentation3 9I E N T N A M E ] [CL
Slide 11: Puertos del Lago
Presentation3 Puertos del Lago Project Description Investment rationale Located in Escobar, a suburban area 27 miles away Continuation of Nordelta’s business model from Buenos Aires Planned to replicate and improve the successful Will be the first ecowalking community in Argentina developmen
Slide 12: Presentation3 [ C L 11 I E N T N A M E ]
Presentation3 11I E N T N A M E ] [CL
Slide 13: Presentation3 [ C L 12 I E N T N A M E ]
Presentation3 12I E N T N A M E ] [CL
Slide 14: Commercial Properties
Presentation3 COMMERCIAL PROPERTIES [CLIENT NAME]
Slide 15: Presentation3 [ C L 14 I E N T N A M E ]
Presentation3 14I E N T N A M E ] [CL
Slide 16: Commercial Properties
Presentation3 Commercial Properties Project Description Investment rationale Consultatio’s 3 office buildings are strategically located Contributes to the commercial diversification strategy in the most representative commercial area of Buenos by adding leasable area and increasing stability in
Slide 17: Presentation3 [ C L 16 I E N T N A M E ]
Presentation3 16I E N T N A M E ] [CL
Slide 18: Residential Towers
Presentation3 RESIDENTIAL TOWERS [CLIENT NAME]
Slide 19: Presentation3 [ C L 18 I E N T N A M E ]
Presentation3 18I E N T N A M E ] [CL
Slide 20: Presentation3 [ C L 19 I E N T N A M E ]
Presentation3 19I E N T N A M E ] [CL
Slide 21: Residential Towers
Presentation3 Residential Towers Project Description Investment rationale The Oceana residental projects are located in Miami, U.S. and Part of the geographical diversification strategy to reduce risk are aimed at the ultra high net worth segment Key Biscayne is one of the richest counties on
Slide 22: Jeff Koons - Destination: Oceana Bal Harbour
Presentation3 Destination: Oceana Bal Harbour Jeff Koons Mirror-polished stainless steel with transparent color coating and live flowering plants Pluto and Proserpina 129 x 70 x 53 inches (327.7 x 177.8 x 134.6 cm) Edition 1 of 3 21I E N T N A M E ] [CL
Slide 23: Tourist Residencies
Presentation3 TOURIST RESIDENCIES [CLIENT NAME]
Slide 24: Tourist Residencies
Presentation3 Tourist Residencies Project Description Las Garzas is a residential resort located near Jose Ignacio, in the exclusive vacation center of Punta del Este, Uruguay It has an area of 593 acres, of which half are common areas, walks and natural gullies 474 plots with an average size
Slide 25: Presentation3 [ C L 24 I E N T N A M E ]
Presentation3 24I E N T N A M E ] [CL
Slide 26: How we got here
Presentation3 How we got here Commencement and commercial Acquires land for Commercial launch of Oceana Acquires 3,558 the development launch of Bal Harbour acres in Escobar of the Catalinas Oceana Key to develop Puertos Norte tower Biscayne Consultatio Official commercial del Lago, its 2014 complet
Slide 27: Proven track record
Presentation3 Proven track record Masterplanned communities Commercial Properties Nordelta Puertos del Lago Catalinas Plaza Alem Plaza Catalinas Norte Largest masterplanned First ecowalking Landmark AAA office center located AAA office building community in Latin America masterplanned commun
Slide 28: Experienced Management Team and Board of Directors
Experienced Management Team and Board of Directors with aligned Presentation3 interests Board of Directors Eduardo F. Cristián H. Carlos A. Reyes Federico H. Victor Dibbern Costantini Costantini Terrabusi Gosman Management team Eduardo Costantini Marcos Corti Cristian Costantini José Chouhy Diego Mo
Slide 29: Main Financial Figures
Presentation3 MAIN FINANCIAL FIGURES [CLIENT NAME]
Slide 30: Nordelta
Presentation3 Nordelta Up to date Total project estimate Sales US$752mm Estimated sales US$1,549mm 49% Acres sold 1,111.1 Acres estimated 1,852.6 60% Investments US$404mm Estimated investments US$519mm 78% Communities launched 16 Total projected communities 20 80% Accounts receivables US$32mm Existi
Slide 31: Puertos del Lago
Presentation3 Puertos del Lago Up to date Total project estimate Sales US$142mm Estimated sales US$975mm 15% Acres sold 346.6 Acres estimated 1,607.0 22% Investments US$158mm Estimated investments US$454mm 35% Construction costs incurred US$88mm Total construction costs US$359mm 25% Accounts receiva
Slide 32: Commercial Properties
Presentation3 Commercial Properties Overview of the business segment All leasing contracts are triple-net (Lease income = NOI) 70% of the tower was pre-sold to BBVA in 2013, with the following payment structure: 30% of down payment 30 monthly installments (adjusted by the construction cost i
Slide 33: Residential Towers
Presentation3 Residential Towers Oceana Key Biscayne Pre tax IRR Up to date Total project estimate 26.3% Sales US$583mm Estimated sales US$638mm 91% Investments US$390mm Estimated investment US$390mm 100% Construction cost US$132mm Estimated Construction Cost US$132mm 100% Saleable area 483,296 sqf
Slide 34: Residential Towers (cont'd)
Presentation3 Residential Towers (cont’d) Payment method and considerations Payments are collected as follows: 10% paid as reservation deposit 20% upon execution of a purchase agreement 10% upon notice from seller of the pouring of the 14th floor slab 10% upon notice from seller of top off
Slide 35: Tourist Residencies
Presentation3 Tourist Residencies Up to date Total project Sales US$40mm Estimated sales US$173mm 23% Acres sold 98.7 Acres estimated 314.5mm 31% Investments US$45mm Estimated investments US$50mm 89% Accounts receivables US$0.5mm Existing plots to be sold US$72mm Sales evolution Periods 2008 2009 20
Slide 36: Investment Highlights
Presentation3 INVESTMENT HIGHLIGHTS [CLIENT NAME]
Slide 37: Consultatio - A Unique Investment Opportunity
Presentation3 Consultatio ─ A Unique Investment Opportunity 1 Resilient business model in volatile market conditions 2 Attractive and diversified project portfolio, across countries and business lines 3 Strong reputation and loyal clientele that identifies with the Consultatio brand 4 Self-f
Slide 38: A Unique Investment Opportunity
Presentation3 A Unique Investment Opportunity 1 Resilient and successful business model 2 Attractive and diversified project portfolio Vertically-integrated model that comprises conception, Cross diversification in geographies and business lines development, construction and sales increases stab
Slide 39: A Unique Investment Opportunity (cont'd)
Presentation3 A Unique Investment Opportunity (cont’d) 3 Strong reputation and brand recognition 4 Self-financing projects The premium quality of Consultatio’s products and its more Self financing projects provide lower volatility and lower risk than 30 years of experience have forged a strong r
Slide 40: A Unique Investment Opportunity (cont'd)
Presentation3 A Unique Investment Opportunity (cont’d) 5 Superior management team 6 Extensive land bank to support high quality growth Consultatio is the most important real estate developer in Over 3,706 acres of undeveloped land in Nordelta and Argentina and is widely recognized internationall
Slide 41: A robust pipeline and disciplined investment decision making process
A robust pipeline and a disciplined investment decision making process Presentation3 are the keys to support Consultatio’s best-in-class growth Our projects under development have been carefully selected and designed based on certain criteria that have proven to be critical for our success 1 Key loc
Slide 42: Presentation3 [ C L I E N T N A M E ]
Presentation3 [CLIENT NAME]
Slide 43: Appendix
Presentation3 APPENDIX [CLIENT NAME]
Slide 44: Corporate structure
Presentation3 Corporate structure Corporate Structure Eduardo Individual ANSES¹ Costantini owners 71.7% 24.9% 3.4% Catalinas Plaza Consultatio SA Alem Plaza Catalinas Norte Puertos del Lago 44.9%³ 55.1% 44.9%³ 55.1% 50.0% 45.0%² Consultatio Consultatio Las Garzas Nordelta SA Brokerage Inc. Real Esta
Slide 45: High visibility in its business model mitigates concerns
High visibility in its business model allows Consultatio to mitigate any Presentation3 concerns affecting the value chain Concerns Mitigants After having incurred in investments, the company Pre-sale of projects, leveraged on brand recognition may not be able to find buyers for the properties
Slide 46: Consultatio in the news
Presentation3 Consultatio in the news Forbes Magazine 2015 -2014 -2013 El Cronista Comercial Jul -2013 Clarín May-2015 Miami Herald Dec -2014 The Wall Street Journal May-2014 El País Nov-2013 45I E N T N A M E ] [CL
Slide 47: Case studies
Presentation3 Case studies Nordelta Torre Catalinas Plaza Torre Alem Plaza Nordelta is the largest urban project in 25 floors office building, located in the most 31 floors office building connected to Torre Argentina and is located only 18mi. from the representative commercial area in Buenos
Slide 48: Case studies (cont'd)
Presentation3 Case studies (cont’d) Quartier Ocampo Torre Oro Grand Bourg Oceana Key Biscayne First building in Argentina to 25 floors and 160 apartments in A 14 story building with only 21 Top tier residential building with offer premium services such as: a modern style design, located apar
Slide 49: Presentation3 [ C L I E N T N A M E ]
Presentation3 [CLIENT NAME]