We build innovative
and sustainable housing,
unique and welcoming homes | |
where to live in | CORPORATE PRESENTATION. August 2023 |
Nieremberg 14 (Madrid)
Disclaimer
This Presentation neither constitutes nor forms part of any offer for sale or invitation to purchase or subscribe for, or request for an offer of purchase or subscription, of the shares belonging to Metrovacesa, SA ("Metrovacesa"). This Presentation, as well as the information included therein, neither constitutes nor forms part of (i) any contract or commitment of purchase or subscription of shares in accordance with the Securities Market Law, or (ii) an offer of purchase, sale or exchange of shares, or a solicitation of any type of voting rights in the jurisdiction of Spain, UK, USA or any other. "Presentation" refers to this document and any part or content of this document; any oral presentation, brainstorming sesión, and written or audio material processed or distributed during the meeting related to the Presentation or in any way associated with the Presentation. 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Therefore, the recipient of this presentation should not unduly rely on these forward-looking statements and their ability to predict future outcomes. Present and future analysts, securities brokers, and investors must operate based on their judgment as to the suitability and adequacy of the securities in terms of the achievement of their particular goals, having taken into consideration what is specified in this notice and the public information available and having received all the professional advice, or of any other type, deemed necessary or merely convenient in these circumstances, without having relied solely on the information contained in the Presentation. The dissemination of this Presentation does not constitute advice or recommendation by Metrovacesa to buy, sell or trade with Metrovacesa shares, or with any other security. 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Certain statistical and financial information contained in the Presentation are subject to rounding adjustment. Therefore, any discrepancy between the total and the sum of the amounts reflected is due to this rounding off. Some of the indicators of financial and operational management included in this Presentation have not been subjected to a financial audit or verification by an independent third party. In addition, certain figures of the Presentation, which have not been subject to financial audit either, are pro forma figures. Metrovacesa and its employees, executives, directors, advisors, representatives, agents, or affiliates assume no liability (for fault or negligence, direct or indirect, tort or contract) for damages that may arise from the use of this Presentation or its content or that, in any case, are related to this Presentation. The information contained in this Presentation does not constitute legal, accounting, regulatory, tax, financial, or any other type of advice. 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Upon receipt of or attendance to the Presentation, the recipient declares its conformity and, therefore, to be subject to the restrictions specified in the preceding paragraphs.
2.
Agenda
Table of Contents
1.
2.
3.
4.
Executive summary
Business activity
Corporate Information
Appendices
3.
Sol de Llevant & Jardins de Llevant (Palma de Mallorca)
1. Executive Summary
Metrovacesa
At a glance
MISSION
VISION
Creating homes to improve our clients' lives
Being the developer of choice for customers, employees, communities and shareholders
#1
homebuilding
operator in Spain
Competitive
strengths
Growth visibility
The largest land bank | GAV by use | GAV by land permitting | GAV by location | |||||||||||||||||||||||||||
among developers: | Commercial | Under | Rest | Madrid | ||||||||||||||||||||||||||
22% | Residential | permitting | Fully- | 26% | 25% | |||||||||||||||||||||||||
19% | permitted | |||||||||||||||||||||||||||||
€2,516m | 78% | |||||||||||||||||||||||||||||
81% | ||||||||||||||||||||||||||||||
GAV Jun.23 | Balearics | |||||||||||||||||||||||||||||
5% | ||||||||||||||||||||||||||||||
Valencia | ||||||||||||||||||||||||||||||
~29.0k | 7% | Málaga | Barcelona | |||||||||||||||||||||||||||
Sevilla | 17% | |||||||||||||||||||||||||||||
residential units in land | 8% | 12% | ||||||||||||||||||||||||||||
Access to land | Access to financing | Operational flexibility | ||||||||||||||||||||||||||||
✓ In-house land management team | ✓ Low LTV ratio of 12% | ✓ Varied client and segment profiles | ||||||||||||||||||||||||||||
✓ Higher cashflow conversion, ~30% housing | ✓ 90% of the debt is fixed or hedged with | |||||||||||||||||||||||||||||
dv't and ~100% land sales (as there are | no significant maturities until 2026 | |||||||||||||||||||||||||||||
limited re-investment needs) | ||||||||||||||||||||||||||||||
Pre-sales backlog (units) | Under construction (units) | Under commercialisation (units) | ||||||||||||||||||||||||||||
3,507 | 4,007 | 4,101 | 4,109 | 6,755 | ||||||||||||||||||||||||||
3,171 | 3,550 | 6,235 | ||||||||||||||||||||||||||||
2,567 | 3,033 | 3,393 | 5,378 | 5,440 | 5,555 | |||||||||||||||||||||||||
2,131 | 3,840 | |||||||||||||||||||||||||||||
909 | 1,329 | |||||||||||||||||||||||||||||
955 | 1,222 | |||||||||||||||||||||||||||||
541 | ||||||||||||||||||||||||||||||
FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | 1H23 | ||||||||||||||||||||||||
FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | 1H23 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | 1H23 |
5.
Attachments
- Original Link
- Original Document
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Disclaimer
Metrovacesa SA published this content on 27 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2023 12:22:06 UTC.