C O R P O R A T E. August 2018

Transcription

1 C O R P O R A T E PRESENTATION August 2018

2 1. 2. Successful track record Strategy Corporate Governance Portfolio August 2018

3 Presence Private equity fund & Real-estate developer COLOMBIA 14 Colombian Departaments PANAMA Panama UNITED STATES Florida and VA

4 Our Stats 72 7,767,601 SF USD 289 MILLION USD 1.2 BILLION PROPERTIES OPERATING GLA* PIPELINE IN ASSETS UNDER MANAGEMENT COMMERCIAL UNITS UNITS ROOMS DIRECT JOBS * Including Pipeline - Figures as of June Exchange rate = COP/USD - Adjusted to Pactia s share 4

5 1. Successful Track Record

6 Square Feet Evolution of GLA Figures as of June

7 2. STRATEGY

8 Strategy We will be Regional leaders in real-estate development Profitability Accomplish profitable growth of the business Achieve the expected profitability (TIR, CAPRATE) Fulfil the investment plan Optimize the weighted average cost of capital (WACC) Differentiation Enhance cost efficiency Operating Efficiency Search for the highest returns by ensuring the satisfaction of our stakeholders Diversify product portfolio and enhance regional presence Strengthen vertical integration Retain key business knowledge Develop and retain human talent Optimize CAPEX Increase revenues Enhance operating efficiency Achieve customer satisfaction Technology and innovation Innovation at the service of the business Focus the technology area on business development Become leader in technology implementation in real estate Sustainability Achievement of a better balance between the economic, social and environmental dimensions in a sustainable way Search for a greater generation of economic value for the society Building socio-economic development and talent in an inclusive and safe environment Manage the environmental impacts generated by the business to preserve the environment 8

9 Deep market knowledge PROJECT DEVELOPMENT Knowledge of the market s needs Innovation Land availability STRUCTURING Financial efficiency Architectural designs based on market needs EXECUTION Resource optimization Time efficient OPERATION Know how Budget follow-up Sustainability 8

10 3. Corporate GOVERNANCE

11 Team with experience in the Real Estate Sector Nicolás Jaramillo CEO +10 years of experience in the Real-estate and Construction sectors Lina Hurtado Vice President of Retail Beatriz Osorio Self-Storage Manager Bussines Lines +10 years of experience in management and real-estate administration +20 years of experience in Project Management Supporting Areas Óscar Bernal Financial and Administrative Vice President +18 years of experience in financial planning Rodrigo Cuentas Legal Manager +10 years of experience in Real-Estate Jorge Osorio Operations Manager +18 years of experience in management and operation of real-estate assets Juan Echeverri Chief Risk Officer +14 years of experience in business and financial departments Karen Hernández Director of Communications +8 years of experience in development of communication strategies with key stakeholders 11

12 Fund Governance Structure Investment Committee Juan Luis Aristizábal CEO of Constructora Conconcreto President of Constructora Conconcreto since Systems Engineer from EAFIT University; he obtained his MSc in Computer Science from Iowa State University in the United States. Specialist in Marketing and Strategic Management Alejandro Piedrahíta Vice President of Corporate Finance Grupo Argos He also held the position of Vice President of Structuring Capital Markets in the Bancolombia S.A s Investment Bank division Business Manager from EAFIT University and obtained a Master s degree in Political Science and Development at the London School of Economics Felipe Rocha Vice President of Investment Constructora Conconcreto His previous positions were as Investment Bank Manager, and Planning and Financial Control Manager in Constructora Conconcreto. Business Manager from Colegio de Estudios Superiores de Administración CESA María Clara Aristizábal Urban Development Business Management Grupo Argos Her previous position was as Corporate Strategy Director and Director of Investor Relations in Grupo Argos. Economist and Finance Specialist in Finance from EAFIT University, and MBA from New York University Álvaro Robayo Independent member Business consultant and member of various boards of Directors in Chile and Colombia. He worked at Leasing Bancolombia as Vice President in several areas: Assets, Product, Financial Risk and Administrative. Civil Engineer from Universidad Nacional and Finance Specialist from EAFIT University 12

13 Fund Governance Structure Candelaria Rodríguez General Secretary Constructora Conconcreto She advises the Corporate Area of the Company and the affiliates of the group in commercial issues, the Stock Public Market, and incorporation of the companies, among others. Lawyer and Environmental Law Specialist from Universidad Pontificia Bolivariana María Uriza Pardo Corporate and Stock Market Manager Grupo Argos S.A. She has worked in the organization since 2004 structuring the projects for the corporate reorganization of the business group. Lawyer and Commercial Law Specialist from Universidad de Los Andes Vigilance Committee María Cristina Ramírez Director in Investment Risk Protección S.A She works in the organization since 2008 in charge of handling the portfolios risk managed by the AFP (acronym in Spanish for Pension Fund Administrators). Business Manager, Corporate Finance and Capital Markets Specialist Camilo Zea Independent member General Director and Co-founder of Pronus in Prior to Pronus, Camilo worked as Project Manager for Bogota s Metro who was in charged of fundraising and the beginning of the project s construction Mauricio Ortega Independent member Lawyer, member of the Board of Directors of the Autorregulador del Mercado de Valores de Col (Col s Stock Market Self-Regulator) and Empresa de Desarrollo Urbano (Urban Development Company). Manager and business partner of the firm Suma Legal 13

14 4. PORTFOLIO

15 Portfolio RETAIL Shopping centers, malls, standalones Areas with low retail penetration in cities characterized by their growing middle class Search for international partnerships HOTELS Executive hotels Alliances with leading hotel operators LOGISTICS AND STORAGE Warehouses Logistic parks Free-trade zones Distribution centers SELF-STORAGE Buildings with small selfstorage spaces Flexibility in areas and contracts International growth OFFICES MULTIFAMILY Cost-efficient, easy-to-operate buildings Office and institutional use Internationalized portfolio Housing complexes integrated with retail and corporate spaces 15

16 Operating Portfolio 15 SHOPPING CENTERS MORE THAN 1,900 COMMERCIAL UNITS 7 STAND - ALONES 14 INDUSTRIAL PROJECTS 11 CORPORATE BUILDINGS 5 HOTELS 697 ROOMS MORE THAN 3,400 UNITS IN 8 PROPERTIES Figures as of June

17 Gran Plaza Shopping centers 15 SHOPPING CENTERS 7 2,500,667 SF m 2 STAND - ALONES GLA GRAN PLAZA ALCARAVÁN Yopal - Col GRAN PLAZA FLORENCIA Florencia - Col GRAN PLAZA IPIALES Ipiales - Col GRAN PLAZA SAN ANTONIO GRAN PLAZA DEL SOL GRAN PLAZA SOACHA GRAN PLAZA BOSA Pitalito - Col Soledad - Col Soacha - Col Bosa - Col Figures as of June

18 Other Shopping Centers SAN PEDRO PLAZA COMERCIAL AVENTURA CENTRO COMERCIAL Neiva - Col Share: 49% Medellín - Col Share: 22% VIVA SINCELEJO Sincelejo- Col Share: 49% VIVA VILLAVICENCIO Villavicencio - Col Share: 49% 18

19 Other Shopping Centers GUATAPURÍ PLAZA COMERCIAL MAYORCA MEGA PLAZA Guatapurí - Col Share: 14% Sabaneta - Col Share: 9% ÉXITO EJECUTIVOS ÉXITO CASTELLANA Cartagena - Col Cartagena - Col 19

20 Stand- Alone Commercial CARULLA PONTEVEDRA FARMATODO LA ESPERANZA Bogotá - Col Bogotá - Col FARMATODO CALLE 127 Bogotá CORONA CÚCUTA FLAMINGO PEREIRA Cúcuta - Col Pereira - Col CORONA RICAURTE Bogotá CORONA GUAYABAL Medellín 20

21 Logistics Industrial Parks 3 INDUSTRIAL PARKS 11 3,608,740 SF BUILT-TO-SUIT PROJECTS GLA LÓGIKA MADRID Madrid Col LÓGIKA SIBERIA Siberia - Col Ownership: 51% SAN CARLOS I Bogotá - Col LÓGIKA SIBERIA Figures as of June

22 Logistics Built-to-Suit FAMILIA I Y II ALMAGRARIO FRITO LAY Girardota - Col Yumbo - Col Itagüí - Col UNILEVER INDUSTRIAL CONCONCRETO CORONA GIRARDOTA Palmira - Col Girardota - Col Girardota - Col 22

23 Logistics Built-to-Suit JMC ROLFORMADOS FIBRATORE Itagüí - Col Itagüí - Col Itagüí - Col COLOR WAY Itagüí - Col 23

24 Corporate Buildings 11 1,263,714 SF CORPORATE BUILDINGS GLA BURÓ 24 BURÓ 26 Bogotá - Col Bogotá - Col Share: 50% BURÓ 25 BURÓ 51 FLEX-OFFICE CHANTILLY Bogotá - Col Barranquilla - Col Share: 50% Virginia USA Share: 45% Figures as of June

25 Other Corporate Buildings ALMAGRÁN MEDELLÍN Medellín - Col MAYORCA PLAZA EMPRESARIAL Sabaneta - Col SEDE ADMINISTRATIVA EPSA Yumbo- Col BURÓ ITAGÜÍ TORRE ARGOS CENTRO SANTILLANA Itagüí - Col Share: 51% Bogotá - Col Share: 19,4% Medellín - Col Share: 75,06% 25

26 Hotels 5 HOTELS 697 ROOMS GHL STYLE YOPAL GHL STYLE NEIVA MOVICH BURÓ 26 Yopal - Col Share: 90% Neiva - Col Share: 90% Bogotá - Col Share: 50% MOVICH BURÓ 51 SONESTA VALLEDUPAR Barranquilla- Col Share: 50% Valledupar - Col Share: 90% Figures as of June

27 Self-Storage 8 PROPERTIES ,309 SF UNITS GLA U-STORAGE HAYUELOS Bogotá - Col U-STORAGE PRADO PINZÓN Bogotá - Col U-STORAGE MEGACENTER Medellín - Col U-STORAGE CRESPO U-STORAGE 46 U-STORAGE CALI 3 PROPERTIES Cartagena - Col Barranquilla - Col Cali- Col Figures as of June

28 Portfolio Under Development Retail Logistics and storage 2 Shopping Centers 1 Built-to-Suit 630,129 m 2 GLA 457,767 m 2 GLA USD 152 m Investment USD 43 m Investment 10 Projects Offices 3 Corporate Buildings 341,219 m 2 GLA USD 74 m Investment 2,898,280 m 2 GLA Hotels 2 Hotels 562 Rooms USD 67 m Investment USD 524* Investment Multifamily 2 Projects 355 USD 49 m Units Investment Figures in USD Millions - Exchange rate = COP/USD - Adjusted to Pactia s share - *Including extensions and shares 28

29 Retail Opening fourth quarter 2018 Gran Plaza El Ensueño Bogotá Col 430,944 SF GLA USD 111 million Investment Gran Plaza Andes Barranquilla - Colombia 199,186 SF GLA USD 41 million Investment - Figures adjusted to Pactia s share - Exchange rate = COP/USD 29

30 Logistics Opening first quarter 2019 Colgate Distribution Center Cali - Col 457,767 m 2 GLA USD 43 million Investment - Exchange rate = COP/USD - Adjusted to Pactia s share 30

31 Corporate Buildings Opening second quarter 2019 Dream Plaza Panama - Panama 124,586 SF GLA USD 31 million Investment Santillana Medellín - Col 102,505 SF GLA USD 20 million Investment 850 Le Jeune Miami USA 114,129 SF GLA USD 23 million Investment 55% Share - Exchange rate = COP/USD - Adjusted to Pactia s share 31

32 Hotels Opening fourth quarter 2018 Opening first quarter 2019 Hotel Ibis Itagüí Itagüí - Col 142 Rooms USD 4 million Investment Hotel Hilton Bogotá Corferias Bogotá - Col 420 Rooms USD 63 million Investment - Exchange rate = COP/USD - Adjusted to Pactia s share 32

33 Multifamily 230 Units 125 Units 850 Le Jeune Miami USA 118,924 SF GLA 55% Share USD 28 million Investment Coral Gables Miami USA 65,654 SF GLA 55% Share USD 21 million Investment - Exchange rate = COP/USD - Adjusted to Pactia s share 33

34 Our Investors Financial Soundness International Platform Experience and recognition Vertically Integration Operating Experience Project development capacity Largest IRA Management company in Colombia 25 years of experience Manages an investment portfolio of more than COP 73 trillion with more than 6.5 million affiliates 33,26% 42,28% 24,46% Investors share as of June 27 th of

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