Immobiliare Grande Distribuzione SIIQ S p A : 1Q 2021 results presentation
May 04, 2021
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Result presentation as at 31/03/2021
Conference call May 6°, 2021
Disclaimer
This presentation does not constitute an offer or an invitation to subscribe for or purchase any securities.
The securities referred to herein have not been registered and will not be registered in the United States under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or in Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would require the approval of local authorities or otherwise be unlawful. The securities may not be offered or sold in the United States or to U.S. persons unless such securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. Copies of this presentation are not being made and may not be distributed or sent into the United States, Canada, Australia or Japan.
This presentation contains forwards-looking information and statements about IGD SIIQ SPA and its Group.
Forward-looking statements are statements that are not historical facts.
These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding plans, performance.
Although the management of IGD SIIQ SPA believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of IGD SIIQ are cautioned that forward-looking information and statements are subject to various risk and uncertainties, many of which are difficult to predict and generally beyond the control of IGD SIIQ; that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward- looking statements.
These risks and uncertainties include, but are not limited to, those contained in this presentation.
Except as required by applicable law, IGD SIIQ does not undertake any obligation to update any forward-looking information or statements.
What's happened in 1Q 2021:
Covid restrictions still impact
January
February
March
Normal activity
Normal activitiy
lockdown
2020
«non-essential» activities in IGD's shopping malls
were closed about 25% of the possible days of operation
vs
Restrictions and variable
Restrictions and variable
Restrictions and variable
2021
closures
closures
closures
non-essential» activities in IGD's shopping malls
were closed about 48% of the possible days of operation
(with differences based on the location)*
Ø
economic
impact on 1Q 2020
€5.4 mln
one off Covid
impact
on 1Q 2021
*For more information see slides 32 - 33 in the attachments
3
Highlights
Rental Income*
Net Rental Income
36.9€ mn
26.2€ mn
-3.9%
-20.7%
Core business Ebitda
Funds From Operation (FFO)
23.8€ mn
13.8€ mn
-21.6%
-33.3%
Include Covid-19one-off
net impact on 1Q2021
*The value is gross of COVID net impac for €5.4mn; including it, rental income amount to €31.5 (-18.1% - 6.9€mn).
4
1Operating performance
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IGD SIIQ S.p.A. published this content on 05 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2021 09:37:06 UTC.
Immobiliare Grande Distribuzione SIIQ SpA, formerly Immobiliare Grande Distribuzione Societa di Investimento Immobiliare Quotata SpA, is an Italy-based company engaged in the real estate sector. The Company is primarily active in the property purchase, development, management and leasing. Additionally, it provides various services related to real estate sector, including promotion of newly opened, expanded or restructured centers; rotation of existing retailers, and facility management services, such as security, cleaning and ordinary maintenance. As of December 31, 2011, the Companyâs portfolio consisted of properties in Italy, including 19 hypermarkets and supermarkets, 19 shopping malls and retail parks, one city center property, four plots of land for direct development, one asset held for trading and 7 others, and properties in Romania, including 15 shopping centers and one office building. It operates through Punta di Ferro Srl.