Globe Trade Centre S.a. · GPW:GTC
Globe Trade Centre — Merger or Acquisition (November 2024)
21 slides from Globe Trade Centre's merger presentation, Nov 18, 2024
Slide 1: Acquisition of German Residential Portfolio
STRONG FOUNDATIONS Acquisition of German Residential Portfolio Investors Presentation 18 November 2024 www.gtcgroup.com
Slide 2: Introduction
STRONG FOUNDATIONS Introduction GTC has successfully negotiated the acquisition of a portfolio of residential assets in Germany (the “Portfolio”) from the listed real estate investor Peach Property Group AG (“Peach”). The Portfolio is centred around three cities in Germany: Kaiserslautern, Helmstedt
Slide 3: Agenda
STRONG FOUNDATIONS AGENDA Key Transaction Highlights 3 Overview of the Portfolio 10 Closing remarks 16 3 www.gtcgroup.com
Slide 4: Key Transaction Highlights of the Portfolio
STRONG FOUNDATIONS Key Transaction Highlights of the Portfolio The acquisition leads to a significant diversification of asset classes in GTC’s property portfolio, with a 1 future 19% share of stable residential assets. The investment follows your guidance of a “meaningful asset class diversificatio
Slide 5: Enhanced Scale and Meaningful Asset Class Diversification
1 STRONG FOUNDATIONS Enhanced Scale and Meaningful Asset Class Diversification Significant improvement in scale and asset class diversification • The acquisition of the Portfolio, which brings in a significant amount of residential real estate, significantly increases asset class diversification, fu
Slide 6: Geographical Diversification with an Increased Exposure to AAA-rated Countries
2 STRONG FOUNDATIONS Geographical Diversification with an Increased Exposure to AAA-rated Countries Increased exposure to higher-rated countries • In addition to the mitigation of asset class concentration, geographical diversification represents another crucial strategic goal for GTC. By acquiring
Slide 7: German Residential Market Offering Great Opportunities for Investors
3 STRONG FOUNDATIONS German Residential Market Offering Great Opportunities for Investors GTC exploits temporary low asset values Low number and size of transactions on the residential market Deals Units Low Transaction Volumes 400 350 400 350 Puts pressure on the asset values and is a) driven by ch
Slide 8: Attractive Market Fundamentals to Invest into the German Housing Market
4 STRONG FOUNDATIONS Attractive Market Fundamentals to Invest into the German Housing Market Attractive market with great opportunities for GTC Vacancy rates Development 6.0% 6.1% 6.2% 5.8% Low Vacancy Rates 1.9% average vacancy rate in 2022 in Western Germany. 2.4% 2.2% 2.2% Strong Population Growt
Slide 9: GTC's Stable and Consistent Debt Profile
5 STRONG FOUNDATIONS GTC’s Stable and Consistent Debt Profile GTC’s Debt Profile Remains Stable 20.7% of the purchase price will be funded by equity and equity- like instruments 6.4% Ratios Remain at Sustainable Levels 9.8% As of December 2024, net LTV and Consolidated Leverage Ratio will be at appr
Slide 10: Agenda
STRONG FOUNDATIONS AGENDA Key Transaction Highlights 3 Overview of the Portfolio 10 Closing remarks 16 10 www.gtcgroup.com
Slide 11: The Portfolio at a Glance
STRONG FOUNDATIONS The Portfolio at a Glance Portfolio Overview Geographical Distribution • The Portfolio is centered around three cities in Germany: Kaiserslautern, Helmstedt, and Heidenheim. • The Portfolio has a unique residential share of close to 100% and a comfortable occupancy rate of 87.4%.
Slide 12: Key Facts & Characteristics
STRONG FOUNDATIONS Key Facts & Characteristics Portfolio distribution by share of income by city Portfolio distribution by apartment sizes 6.1% 2.2% 2.6% 12.2% 18.1% 22.7% Kaiserslautern <25 sqm 43.6% Heidenheim 25 - 50 sqm EUR 23.2 million Helmstedt Average size 50 - 75 sqm 17.5% Schöningen of 61 s
Slide 13: Portfolio Strategy I – Disposal Strategy
STRONG FOUNDATIONS Portfolio Strategy I – Disposal Strategy Strategy Overview Share of Residential Units by Sub-Portfolio • The first portfolio strategy implies a near-term sale of single assets to private and institutional investors to benefit immediately from the relatively low entry price and mul
Slide 14: Portfolio Strategy II – Hold Strategy
STRONG FOUNDATIONS Portfolio Strategy II – Hold Strategy Strategy Overview Share of Residential Units by Sub-Portfolio • The second portfolio strategy implies a long-term hold strategy to benefit from the development of the German rental market and expand GTC’s portfolio towards a more balanced appr
Slide 15: Attractive ESG Story with High Value Creation Potential
STRONG FOUNDATIONS Attractive ESG Story with High Value Creation Potential ESG investments enable significant value creation Portfolio GTC has a strong track record in ESG investments making their The Portfolio offers the opportunity to improve energy assets more energy efficient efficiency, ultimat
Slide 16: Agenda
STRONG FOUNDATIONS AGENDA Key Transaction Highlights 3 Overview of the Portfolio 10 Closing remarks 16 16 www.gtcgroup.com
Slide 17: Closing Remarks
STRONG FOUNDATIONS Closing Remarks • The acquisition of the Portfolio has a sound strategic rationale for GTC and is aligned with the Company’s long-term strategy: − Expand into higher rated European real estate markets with Germany in particular being a AAA- rated country known for its economic sta
Slide 18: Closing Remarks (II / III)
STRONG FOUNDATIONS Closing Remarks (II / III) … Increased Exposure to Higher Rated Countries The acquisition of the Portfolio significantly increases GTC’s geographical diversification, positively influencing the rating and fulfilling the following upgrade trigger: Proportional increased exposure to
Slide 19: Closing Remarks (III / III)
STRONG FOUNDATIONS Closing Remarks (III / III) + 30th June 2024 Portfolio Portfolio GAV total property portfolio EUR 2,338m EUR 477m EUR 2,815m Thereof income producing EUR 2,015m EUR 477m EUR 2,492m assets Residenti al Retail Retail 19% 28% 35% GAV split by asset class EUR 2,015m EUR 477m EUR 2,492
Slide 20: Disclaimer
STRONG FOUNDATIONS Disclaimer This document is being provided by GTC solely to the addressed recipients for information purposes only and on a strictly confidential and non-reliance basis. This document has been prepared solely for use in the early look presentation being given in connection with th
Slide 21: Thank you for your attention!
STRONG FOUNDATIONS THANK YOU FOR YOUR ATTENTION! www.gtcgroup.com
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