Aedas Homes S A : Q4 2021-22 Results Presentation

2021

Presentation

FY 2021/22 Results

26 May 2022

2022

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AEDAS Homes FY 2021/22 Results

2

Monier (Madrid)

01

Highlights

Overview

	Outstanding deliveries
Hitting ESG milestones	execution in FY 2021/22
2,2981 homes delivered

• 56% of FY 2021/22	1
completed developments
obtained "A" energy rating

• 69% of developments
activated in past year	5
targeting "A" rating

Results have beaten both Business Plan

2 and market consensus

Strong visibility on	4
Business Plan

3

• €766m in revenue

• 29% gross margin

• €149m in EBITDA

Excellent coverage ratio and lank bank provide strong visibility on Business Plan

Attractive shareholder remuneration

10% yield on proposed dividend2

Cody (L'Hospitalet de Llobregat, Barcelona)

(1)	Including 41 units attributed to Aurea Homes
(2)	Dividend pending approval by Annual General Meeting. Calculated as
	dividend paid out of FY 2021/22 results divided by share price at	AEDAS Homes FY 2021/22 Results	4
	market close on 25 May 2022

FY 2021/22 Operating Results

Homes delivered		2,2981
Revenue		€766m
EBITDA margin		19.5%
Net financial debt		€273m
Financial leverage		1.8x Net debt/EBITDA - 13.2% LTV
Land investment		€303m
ROE2		10%

(1)	Including 41 units attributed to Aurea Homes
(2)	Measured as the quotient of attributable net income in 2021/22 divided by equity as of 31 March 2022	AEDAS Homes FY 2021/22 Results	5