Lead pic. Report on the first quarter of 2018

Transcription

1 Lead pic. Report on the first quarter 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: -46 % to EUR 6.7 m - Revenues Hotels -75 % - Revenues Investment Properties +51% 2. EBITDA / EBIT: -43 % / -66 % 3. Consolidated liabilities: minus EUR 141 m 4. Equity ratio: +18 pp to 31 % 3

4 Income statement Q EUR (in thousands) /- Revenues from Hotels 2,381 9, % Revenues from Investment Properties , % Revenues from Development & Services % Total revenues 6,690 12, % Expenses directly attributable to the revenues -3,236-7, % Gross income from revenues 3,453 4, % Income from the disposal of properties EBITDA 1,302 2, % Depreciation, amortization and revaluation ,154 - EBIT 1,173 3, % Financial result -4,122 2,358 - Profit/Loss for the period -2,975 4,736 - Profit/Loss for the shareholder of the parent company -2,017 2,333-4

5 Balance Sheet Q EUR (in thousand) /- Non-Current Assets 230, , % Current Assets 30, , % Total Assets 260, , % Equity attributable to shareholders of the parent 108,509 73, % Non-controlling interests -28,443-24, % Equity 80,066 48, % Long-term Debt 148, , % Short-term Debt 32, , % Total Equity and Liabilities 260, , % 5

6 Cash flow statement Q EUR (in thousand) /- Inflow 6,839 13, % Outflow -6,655-10, % Cash flow from operating activities 184 2,237 - Cash flow from investing activities -4,387-2, % Cash flow from financing activities -4, % Cash and cash equivalents at the end of period 13,623 3, % 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 leasable office space 40 % pre-leased - Underground parking lot Construction started in Q Expected 8 opening in Q2 2018

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

10 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 10 and handed over to tenant in May 2017

11 AIRPORTCITY St. Petersburg Phase III & IV Phase III offices approx. 20,000 m² leasable office space - Early planning stage - Expected opening in 2021 Phase IV offices approx. 130,000 m² leasable office space Early planning stage - Expected 11 opening in 2025

12 Krakow Chopin Office High res. pic. - Office building next to Chopin hotel Krakow - Premium location in the city - Total of approx. 21,000 m² leasable office space - Underground parking lot Planning stage - Expected 12 opening in 2020

13 Białystok Offices Development plot for 4 office buildings Total area of approx. 73,000 m² - Early 13 planning stage

14 Overview developments 14 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 41 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 %

15 Transactions & Acquisitions!

16 2018: Budapest Acquisition of B52 Office - Class A office building in the heart of the Pest area - Leasable area of more than 5,200 m² - Flexible office layouts spread out over seven upper floors and a ground floor 26 parking spaces % let out

17 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 17

18 2017: Krakow Acquisition of Mogilska 41 Office building in the heart of Krakow Total area of more than 5,800 m² % let out

19 Overview transactions Sold Closed Total area (approx.) Beneficial ownership Building plot, Budapest Q ,000 m² 100 % 8 hotel holdings Q ,800 rooms 100 % / 50 % B52 Office, Budapest New in portfolio Closed expected Q Total area (approx.) Beneficial ownership 5,200 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 Budapest B52 Office* Krakow Mogilska 41 Object of acquisition AIRPORTCITY St. Petersburg Bykovskaya multi-use building** Białystok Building plot Closing expected Q Total area (approx.) Beneficial ownership 5,200 m² 100 % Q ,200 m² 100 % Q ,000 m² 450 parking spaces 100 % Q % * after reporting period ** 45% minority shareholders bought out 20

21 Key to future success!

22 Three key objectives for new developments 2. strategic acquisitions 3. resumption of 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 shareholder of the parent company 40,542 17, % 25

26 Balance Sheet EUR (in thousand) /- 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) /- Inflow 46,347 64, % Outflow -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 57 m (EUR 40 m) Hotels EUR 62 m (EUR 243 m) Offices EUR 84 m (EUR 60 m) * Gross Asset Value as of ( ) 29

30 Real estate assets by country* FR: EUR 47 m PL: EUR 57 m RU: EUR 71 m HU: EUR 28 m * 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 % 97 % Groupama Garancia Insurance Sajka Office Budapest HU 600 m² 100 % 40 % 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 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 May 2018 Publication of the results for the first quarter of June 2018 Record date - 14 June 2018 Annual General Meeting - 20 June 2018 Ex-dividend date - 21 June 2018 Dividend record date - 22 June 2018 Dividend payment date - 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 Senior Vice President, Media Relations Tel.: presse@warimpex.com 38