Neinor Homes SA · BME:HOME
Neinor Homes SA — Non-Deal Roadshow (March 2018)
9 slides from Neinor Homes SA's roadshow presentation, March 2018
Slide 1: March 2018
March 2018 Dehesa Homes – Madrid – Delivered in Q4 2017
Slide 2: Disclaimer
DISCLAIMER This Presentation has been prepared by Neinor Homes, S.A. (“Neinor”) for information purposes only and it is not regulated information or information which has been subject to prior registration or control by the Spanish Securities Market Commission. “Presentation” means this document, it
Slide 3: Zoom into the revisited ramp-up
ZOOM INTO THE REVISITED RAMP-UP IPO DELIVERY GUIDANCE vs. REVISED BP Acquisitions Ramp-up reprofiling 4.500 post-IPO 4.000 1. Launch delays 3.500 3.000 2.500 2. Re-design to protect margin Units 2.000 1.500 3. Licensing delays 1.000 500 262 313 0 2017 2018 2019 2020 Previous BP Revised BP Extension
Slide 4: Revisited ramp-up: status of the 8,500+ active units
REVISITED RAMP-UP STATUS OF THE 8,500+ ACTIVE UNITS AS AT FEBRUARY 28TH, 2018 45 sites 6.000 c. 4,000 5.000 1.743 4.000 31 sites Units 3.000 14 c. 2,000 2 sites – sites 51 units 2.000 anticipated 205 3.632 from 2018 c.1,000 1.000 313 1.833 1.011 313 79 0 2017 2018 2019 2020 Onwards 4 WIP License sum
Slide 5: Update on active units
UPDATE ON ACTIVE UNITS 8,500+ active units as of February c.12,500 units Total Land Bank 1,743 units Launch Design in Progress - 2020 Onwards Delivery Construction License 3,632 units application once project License Submitted -2020 Onwards is defined (c. 3 months Delivery 205 UNITS WITH after launc
Slide 6: Geographic zoom 2018 / 2019
GEOGRAPHIC ZOOM 2018 / 2019 3,000+ UNITS, 45 SITES East (units) North (units) 2018: 336 2019: 672 2018: 364 2019: 566 Center (units) 2018: 271 2019: 425 South West 2018 Delivery (units) 2019 Delivery 2018: 40 2019: 107 South East (units) 2019: 268 6
Slide 7: Zoom in: 2018 deliveries
ZOOM IN: 2018 DELIVERIES Actual months Expected Development Region Municipality Units to obtain works Delivery license Urduliz Homes North URDULIZ 36 3,6 H1 Landako Homes North DURANGO 51 11,1 H1 San Roke Homes North PORTUGALETE 76 Existing H1 La Catalana R-4 (Port Forum Homes II) East SANT ADRIA DE
Slide 8: Zoom in: 2019 deliveries
ZOOM IN: 2019 DELIVERIES Actual months Expected Development Region Municipality Units to obtain works Delivery license Atria HOMES Center ALCOBENDAS 148 5,1 H1 Sitges HOMES East SITGES 80 6,8 H1 Sant Just Homes East SANT JUST DESVERN 119 3,9 H1 Aiguadolç HOMES East SITGES 48 8,6 H1 c. 50% to be Voll
Slide 9: On top of it: actions taken
ON TOP OF IT: ACTIONS TAKEN MORE THAN LEARNINGS: CORRECTIVE MEASURES TAKEN WITH THE EXPERIENCE OF 90 ACTIVE SITES Launch Delays / • 5,500 units launched 36 months ahead of planned delivery Extended • Securing run-rate 2020 Cycle • Implementation of design efficiencies into our White Paper • Construc