Lead pic. Report on the first half of 2018

Transcription

1 Lead pic. Report on the first half of 2018!

2 Operational Highlights Purchase and sale of properties in Budapest - Acquisition of B52 Office - Sale of Ülloi land plot Early redemption of convertible bonds in full 2

3 Key figures 1. Revenues: -48 % to EUR 14.4 mn - Revenues Hotels -70 % - Revenues Investment Properties +24% 2. EBITDA / EBIT: EUR 2.9 mn / EUR 2.7 mn 3. Gross Asset Value + 12 % 4. Net Asset Value EUR 2.4 per share 3

4 Income statement EUR (in thousands) /- Revenues from Hotels 6,296 20, % Revenues from Investment Properties 7,506 6, % Revenues from Development & Services % Total revenues 14,399 27, % Expenses directly attributable to the revenues -6,317-15, % Gross income from revenues 8,082 12, % Income from the disposal of properties - 23,624 - EBITDA 2,892 29, % Depreciation, amortization, and revaluation ,901 - EBIT 2,747 43, % Financial result -7,226-9, % Profit/Loss for the period -4,263 33,547 - Profit/Loss for the shareholders of the parent company -2,461 28,716-4

5 Balance Sheet 30 June 2018 EUR (in thousand) 30/6/ /6/2017 +/- Non-current Assets 247, , % Current Assets 17,248 64, % Total Assets 264, ,935 3 % Equity attributable to shareholders of the parent 103, ,649 3 % Non-controlling interests -29,363-22, % Equity 74,601 78,004-4 % Long-term Debt 159, , % Short-term Debt 30,063 48, % Total Equity and Liabilities 264, ,935 3 % 5

6 Cash flow statement EUR (in thousand) /- Cash receipts 14,567 28, % Cash payments -13,933-23, % Cash flows from operating activities 634 4,452 - Cash flows from investing activities -14,163 64,702 - Cash flows from financing activities 1,587-27,844 - Cash and cash equivalents at the end of period 10,475 45, % 6

7 Developments!

8 Łódź Ogrodowa Office High res. pic. Current rendering - Office building next to andel s hotel Łódź premium location in the city - Total of approx. 27,400 m² lettable office space 40 % pre-leased - Underground parking lot Construction started in Q Expected 8 opening in October 2018

9 Krakow Mogilska 43 High res pic - Office building in the commercial district - Total of approx. 12,000 m² lettable office space - 60 % pre-leased - Underground parking lot Construction started in Q Expected 9 opening in Q1 2019

10 AIRPORTCITY St. Petersburg Phase III & IV Phase III offices approx. 20,000 m² lettable office space - Early planning stage - Expected opening in 2021 Phase IV offices approx. 130,000 m² lettable office space Early planning stage - Expected 10 opening in 2025

11 Krakow Chopin Office High res. pic. - Office building next to Chopin hotel Krakow - Premium location in the city - Total of approx. 21,000 m² lettable office space - Underground parking lot Planning stage - Expected 11 opening in 2020

12 Białystok Offices Development plot for 4 office buildings Total area of approx. 73,000 m² - Early 12 planning stage

13 Overview developments 13 Project AIRPORTCITY St. Petersburg Bykovskaya multi-use building Łódź Ogrodowa Office Krakow Mogilska 43 Krakow Chopin Office AIRPORTCITY St. Petersburg Offices phase III Białystok Offices phase 1 Krakow Mogilska III Białystok Offices phase 2-4 AIRPORTCITY St. Petersburg Offices phase IV Status Exp. opening finished Q Total area (approx.) 7,200 m² 450 parking spaces Beneficial ownership 100 % construction Q ,400 m² 100 % construction Q ,000 m² 100 % planning ,000 m² 100 % planning ,000 m² 55 % early planning ,000 m² 100 % early planning ,000 m² 100 % early planning - 60,000 m² 100 % early planning - 130,000 m² 55 %

14 Transactions & Acquisitions!

15 2018: Budapest Acquisition of B52 Office in May Class A office building in the heart of the Pest area - Lettable office space of more than 5,200 m² - Flexible office layouts spread out over seven upper floors and a ground floor 26 parking spaces % let out

16 2017: Sale of 8 hotel holdings in 3 countries Vienna House Diplomat Prague, CZ angelo by Vienna House Pilsen, CZ andel s by Vienna House Łódź, PL andel s by Vienna House Krakow, PL Vienna House Easy Chopin Krakow, PL angelo by Vienna House Katowice, PL Vienna House Amber Baltic Międzyzdroje, PL angelo by Vienna House Bucharest, RO 16

17 2017: Krakow Acquisition of Mogilska 41 Office building in the heart of Krakow Total lettable office space of 5,800 m² % let out

18 2017: AIRPORTCITY St. Petersburg Bykovskaya multi-use building - 3 car parking decks with 450 car parking spaces and bus parking spaces - 2,500 m² archive / storage area - 4,700 m² office space - Car wash station, car service station Fully let - Finished 18 and handed over to tenant in May 2017

19 Overview transactions Sold Since Total area (approx.) Beneficial ownership Building plot, Budapest Q ,000 m² 100 % 8 hotel holdings Q ,800 rooms 100 % / 50 % New in portfolio Since Total area (approx.) Beneficial ownership B52 Office, Budapest Q ,200 m² 100 % Mogilska 41, Krakow Q ,800 m² 100 % Bykovskaya multi-use building, St. Petersburg* Q ,000 m² 450 parking spaces 100 % Building plot, Białystok Q % * Own development 19

20 Overview acquisitions Object of acquisition AIRPORTCITY St. Petersburg Land plot* Budapest B52 Office Krakow Mogilska 41 AIRPORTCITY St. Petersburg Bykovskaya multi-use building* Białystok Building plot Closing Total area (approx.) Beneficial ownership Q ,200 m² 100 % Q ,200 m² 100 % Q ,200 m² 100 % Q ,000 m² 450 parking spaces 100 % Q % * after reporting date, 45% minority shareholders bought out 20

21 Key to future success!

22 Three key objectives for new developments 2. strategic acquisitions 3. dividend payment portfolio growth up to pre-portfolio-sale-level by end of

23 Lead pic. Thank you!!

24 Appendix!

25 Income statement FY 2017 EUR (in thousands) /- Revenues from Hotels 27,509 51, % Revenues from Investment Properties 13,190 8, % Revenues from Development & Services 1,668 1,757-5 % Total revenues 42,367 62, % Expenses directly attributable to the revenues -21,995-35, % Gross income from revenues 20,412 26, % Income from the disposal of properties 26,575 8, % EBITDA 33,605 21, % Depreciation, amortization, and revaluation 21,098 4, % EBIT 54,704 25, % Financial result -11,715-1, % Profit for the period 40,496 22, % Profit for the shareholders of the parent company 40,542 17, % 25

26 Balance Sheet 31- Dec EUR (in thousand) 31/12/ /12/2016 +/- Non-Current Assets 223, , % Current Assets 41, , % Total Assets 265, , % Equity attributable to shareholders of the parent 110,926 70, % Non-controlling interests -27,445-27,130 - Equity 83,481 43, % Long-term Debt 154, ,371-9 % Short-term Debt 26, , % Total Equity and Liabilities 265, , % 26

27 Cash flow statement FY 2017 EUR (in thousand) /- Cash receipts 46,347 64, % Cash payments -34,345-51, % Cash flow from operating activities 12,002 12,958-7 % Cash flow from investing activities 48,081 10, % Cash flow from financing activities -41,939-26, % Cash and cash equivalents at the end of period 22,849 4, % 27

28 Long-term and flexible corporate strategy 28

29 Real estate held by sector* Development EUR 74 m (EUR 57 m) Hotels EUR 65 m (EUR 62 m) Offices EUR 88 m (EUR 84 m) * Gross Asset Value as of ( ) 29

30 Real estate assets by country* FR: 22 % PL: 35 % RU: 29 % HU: 14 % * as of

31 Current hotel portfolio at a glance Hotels City Country Rooms Stake Vienna House Dvorak**** Karlovy Vary CZ 126 InterContinental***** Warsaw PO % operating lease 50 % operating lease Crowne Plaza**** St. Petersburg RU % Vienna House Dream Castle**** Paris FR % Vienna House Magic Circus**** Paris FR % Palais Hansen Kempinski Wien***** Vienna AT % as of

32 Current office portfolio at a glance Business Tower Zeppelin Business Tower Jupiter Offices City Country Area Stake Bykovskaya multi-use building St. Petersburg St. Petersburg St. Petersburg Occ. rate (approx.) Tenant RU 15,600 m² 55 % 100 % Gazprom RU 17,000 m² 24 % 100 % Gazprom RU 6,000 m² 100 % 100 % Gazprom Erzsébet Offices Budapest HU 15,000 m² 100 % 95 % Groupama Garancia Insurance Sajka Office Budapest HU 600 m² 100 % 100 % several B52 Budapest HU 5,200 m² 100 % 100 % several Mogilska 41 Krakow PL 5,800 m² 100 % 100 % Air Liquide / Lurgi as of

33 Warimpex on the stock exchange Key Exchange Data Shareholder structure Number of shares 54,000,000 Vienna Stock Exchange Warsaw Stock Exchange Ticker Symbols ATX Prime, Immobilien-ATX Market Main 50 Plus, WIG SWIG80 Stock Exchanges WXF Reuters WXFB.VI Free Float 44 % MetLife PTE > 5 % Franz Jurkowitsch 14 % Georg Folian 15 % Amber Privatstiftung 11 % Bocca Privatstiftung 11 % 33

34 Company history Warimpex enters real estate market Foundation of Warimpex Export-, Import- Transithandelswarengesellschaft m.b.h. - Novotel, Budapest first Warimpex hotel - Penta Hotel, Budapest, Forum Hotel, Prague - Holiday Inn, Warsaw - Hotel Palace, Prague - Hotel Savoy, Prague - Hotel Sheraton, Warsaw Warsaw Towers first Warimpex office building Hotel andel s, Łódź - Hotel angelo, Katowice - Hotel andel`s, Berlin - Hotel angelo, Bucharest - Hotel angelo, Ekaterinburg - Hotel Crowne Plaza, AIRPORTCITY St. Petersburg - Le Palais Office, Warsaw - Jupiter Towers, AIRPORTCITY St. Petersburg - Palais Hansen Kempinski, Vienna Shopping and Entertainment Gallery, Brno - Hotel andel s, Prague - Hotel Le Palais, Prague - Hotel InterContinental, Warsaw - andel s Suites, Prague - long stay apartments - Leaders Club guests recognition Award for Le Palais - Hotel angelo, Prague - Hotel Chopin, Krakow - Hotel Sobieski, Warsaw - IPO in Vienna and Warsaw - Hotel andel s, Krakow - Hotel Liner, Ekaterinburg - Hotel angelo, Munich - Hotel angelo, Pilsen - Zeppelin Tower, AIRPORTCITY St. Petersburg - Erzsébet Office, Budapest - Bykovskaya multi-use building, AIRPORTCITY St. Petersburg - B52, Budapest 34 34

35 Over 30 years experience Hotels Number of rooms In portfolio since Sale Palace Hotel, Prague 5-star, 124 rooms purchased angelo Hotel, Munich 4-star, 146 rooms opened InterContinental, Warsaw 5-star, 414 rooms opened Sobieski Hotel, Warsaw 4-star, 435 rooms purchased andel s, Krakow 4-star, 159 rooms opened andel s Hotel & Suites, Prague 4-star, 239 rooms + 51 studios opened Sheraton Hotel, Warsaw 5-star, 350 rooms opened Pruhonic Sport Hotel, Prague 4-star, 100 rooms opened Holiday Inn, Warsaw 4-star, 172 rooms developed 1989 Forum Hotel, Prague 4-star, 560 rooms developed 1989 Jelina Gora Hotel, Jelina Gora 4-star, 172 rooms developed 1989 Panorma Hotel, Prague 4-star, 456 rooms developed 1983 Novotel Hotel, Budapest 4-star, 324 rooms developed 1982 Penta Hotel, Budapest 4-star, 400 rooms developed 1982 Offices Area (sqm) In portfolio since Sale Jupiter Towers 1+2, St. Petersburg 17,000 sqm opened 2011/ Csalogany Office, Budapest 2,600 sqm purchased Pauler Office, Budapest 3,000 sqm purchased andel s City SO 11, Prague 4,000 sqm opened Warsaw Towers, Warsaw 35 20,000 sqm opened

36 Management Board of Warimpex Alexander Jurkowitsch Member 36 Franz Jurkowitsch Chairman Daniel Folian Deputy Chairman Florian Petrowsky Member

37 Corporate calendar - 30 August 2018 Publication of the results for the first half of November 2018 Publication of the results for the first three quarters of

38 Contact details Franz Jurkowitsch Chairman Tel.: franz.jurkowitsch@warimpex.com Daniel Folian CFO, Investor Relations Tel.: daniel.folian@warimpex.com Christoph Salzer Prokurist, Media Relations Tel.: presse@warimpex.com 38