DESIGNING, BUILDING, MANAGING AND INVESTING in cities, neighbourhoods and buildings that are innovative, diverse, inclusive and connected with a reduced carbon footprint. Desirable places to live and work.
This is our ambition. This is our goal.
This is our Purpose.
DISCLAIMER
This presentation is not an offer or an invitation to sell or exchange securities, or a recommendation to subscribe, buy or sell Icade securities.
Distribution of this document may be restricted in certain countries by legislation or regulations. As a result, any person who comes into possession of this document should familiarise themselves and comply with such restrictions. To the extent permitted by applicable law, Icade excludes all liability and makes no representation regarding the violation of any such restrictions by any person.
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AGENDA
2021 Q1 Key takeaways
Business performance by business line
Outlook Appendix
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1. 2021 Q1 KEY TAKEAWAYS
Q1 2021 - KEY TAKEAWAYS
Revenue up 44% in Q1 2021; +30% vs. Q1 2019
Office Property Division: strong fundamentals confirmed with active leasing activity, stable rental income vs. Q1 2020, high level of rent collection rate, resumption of portfolio's asset rotation
Healthcare Property Division: attractiveness of the asset class confirmed, steadily growing business, first acquisition in Spain
Property Development: market upturn confirmation, revenues up +128%, driven by the residential segment, new orders up +126%
Optimisation of liabilities with very favourable conditions
Bond issue in January: €600m, 10 years, 0.625% coupon, the lowest rate ever achieved
Liability management implemented: early redemption of 2022 bond maturity (1.875%)
Confirmation of 2021 guidance
NCCF: expected to grow by ~+3%, (excluding the impact of 2021 disposals)
Dividend: expected to increase by +3%
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1. 2021 Q1 KEY TAKEAWAYS
CONSOLIDATED REVENUE AS OF MARCH 31, 2021
Revenue up 44% in Q1 2021; +30% vs. Q1 2019 in a context of continuing sanitary crisis
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Disclaimer
Icade SA published this content on 26 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2021 06:07:01 UTC.
Icade is both a commercial real estate company (100%-owned assets at 12/31/2023: EUR 6.8 billion) and a property developer (net sales in 2023: EUR 1.3 billion), operating throughout France. As a long-term partner, Icade responds to changing needs and puts climate issues and the preservation of biodiversity at the heart of its business model, reinventing real estate and contributing to a more sustainable city.
Listed (SIIC) on Euronext Paris, Icade's main shareholder is the Caisse des Dépôts group.