Globe Trade Centre S.a. · GPW:GTC
Globe Trade Centre — Merger or Acquisition (June 2023)
8 slides from Globe Trade Centre's merger presentation, Jun 19, 2023
Slide 1: Acquisition of Ultima Capital
ACQUISITION OF ULTIMA CAPITAL June 2023
Slide 2: Ultima represents a unique investment opportunity in ultra-luxury hospitality sector
ULTIMA REPRESENTS A UNIQUE INVESTMENT OPPORTUNITY IN THE ATTRACTIVE ULTRA-LUXURY HOSPITALITY SECTOR HIGHLIGHTS OF ULTIMA KEY METRICS Ultima is an ultra-luxury real estate company with a €1.1bn leisure portfolio in the world’s most premium locations, offering multi-purpose retreats and high-quality p
Slide 3: The acquisition of Ultima has a strong strategic rationale for GTC
THE ACQUISITION OF ULTIMA HAS A STRONG STRATEGIC RATIONALE FOR GTC One-step acquisition of an irreplicable high-quality portfolio in the highly resilient ultra-luxury hospitality segment RESILIENT PORTFOLIO Favourable market dynamics in the bespoke luxury hospitality market WITH LONG TERM Sust
Slide 4: Transaction allows GTC to acquire a 58% stake in Ultima through equity instrument issuance
THE TRANSACTION ALLOWS GTC TO ACQUIRE A 58% STAKE IN ULTIMA THROUGH THE ISSUANCE OF AN EQUITY INSTRUMENT WITH 20 YEARS EFFECTIVE MATURITY ACQUISITION OF ULTIMA NOTES FROM ALPINE The acquisition of Ultima Notes from Alpine shall be considered as related-party transactions; therefore, its effectuati
Slide 5: Enhanced scale and diversification, incorporating a unique portfolio of ultra high-quality assets
ENHANCED SCALE AND DIVERSIFICATION, INCORPORATING A UNIQUE PORTFOLIO OF ULTRA HIGH-QUALITY ASSETS MAINLY LOCATED IN THE MOST STABLE EUROPEAN COUNTRIES + EPRA NTA (€mm)1 1,276 574 1,850 45% increase GAV (€mm)1 2,382 1,040 3,422 in EPRA NTA 671 Thereof completed assets (€mm) 2,004 (851 including asset
Slide 6: Ultima has a strong historical track record with further growth expected
ULTIMA HAS A STRONG HISTORICAL TRACK RECORD WITH FURTHER GROWTH EXPECTED IN THE COMING YEARS FROM NEW DEVELOPMENTS STABLE INCOME-PRODUCING ASSETS DEMONSTRATING STONG QUASI-COMPLETED PROPERTIES, WITH TWO OF THREE RESLIIENCE PROJECTS COMPLETING IN 2023 PORTFOLIO VALUATION Switzerland, Geneva Ultima Wi
Slide 7: Overview of combined entity
OVERVIEW OF COMBINED ENTITY + 1 Creation of a leading pan-European real estate benchmark with improved scale €1,850mm 2 Acquisition of an irreplicable high-quality portfolio in the EPRA NTA highly resilient ultra-luxury hospitality segment €3,422mm 3 Favourable market dynamics in the bespoke luxury
Slide 8: Disclaimer
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 the potential acquisi
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