Τακτική Γενική Συνέλευση
Ordinary General Meeting
26.06.2025
+30 210 33.66.426 [email protected]
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Agenda
O1.
Group Results Overview
O2.
Investment Assets | Malls & Marinas
O3.
Development Assets | The Ellinikon
O4.
The Ellinikon | Benefits to the Society
O5.
Share Price Performance
O6.
Exceptional Fundamentals
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O1
Group Results Overview
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9%
Increase y-o-y with record Retail EBITDA at €88m
MALLS
Group 2024 Results Overview
Investment
Portfolio
€3.3bn
#1 In Greek History Top 5 in the Med
3O%
Increase y-o-y to Group EBITDA before valuations at €171m
GROUP
5O%
Increase of EBITDA before valuations at €97m
The ELLINIKON
8%
Increase y-o-y with record EBITDA of €19m
MARINAS
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Group Balance Sheet Snapshot | December 31, 2024
€0.7bn
Cash
€1.2bn
Borrowings
15%
Net Borrowings
/ Inv. Portfolio
No bank debt used to date for The Ellinikon, highlighting strong pre-sales and self-funding capacity.
Total Cash Proceeds of €1.2bn, with
€589m collected in 2024 alone
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O2
Investment Assets
Malls| 7
Four Operating Malls
Retail EBITDA
+9%
New record
high
€88m
Record Tenant Sales
€865m
+5%
Net Base Rent
+8%
Record Footfall
26m
+2%
Occupancy
c100%
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The Ellinikon Retail & Entertainment Destinations
Outstanding commercial leasing progress 3 years ahead of opening
Construction
350
stores
64%
Agreed (Heads of Terms)
Completion
End of 2028The Ellinikon Mall
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The Ellinikon Retail & Entertainment Destinations
Outstanding commercial leasing progress 3 years ahead of opening
Construction
100
stores
78%
Agreed (Heads of Terms)
Completion
End of 2026Riviera Galleria
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O2.1
Investment Assets
Marinas| 11
Marinas: A record-breaking performance across all metrics Flisvos Marina
€16m
EBITDA
(+15% vs. 2023)
€ 25m
Revenues
(+14% vs. 2023)
310
berths
100%
occupancy
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Marinas: A record-breaking performance across all metrics Agios Kosmas Marina
€5m
EBITDA
(+2% vs. 2023)
306
berths
€8m
Revenues
(+5% vs. 2023)
100%
occupancy
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Corfu Mega Yacht Marina
Over €140m Investment towards creating The new Yacht Destination in the Ionian
Signed 40-year sub-concession for Corfu Mega Yacht Marina, a >€50M investment, expanding our footprint.
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O3
Development Assets The Ellinikon
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The Ellinikon Phase I Projects
Europe's pioneering 15-minute, green, smart, coastline city-within-a-city
Phase I Residential
Little Athens
Residential
PwD Education
CGS, UNIC
Experience Park &
Experience Centre
Sports
Complex
Built to
Rent
MuT
Brook Lane
The Ellinikon Mall
Sunrise Residential
Healthcare
Phase I Other Developments
Education/Offices/Resi
Prokopiou
Posidonos Underpass
Integrated Resort
Complex (IRC)
Cove Villas
Little Athens Residential
Beach
Riviera Tower
Riviera
Galleria
Marina Hotel &
Branded Residences
Cove Residences
Mandarin Oriental
Hotel Athens
Marina Club & Residences
Marina
Ag. Kosmas
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O3.1
The Ellinikon Commercial Progress
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The Cove Villas
27
Units
100%
Of the units under SPA or final stages of negotiation
The Ellinikon | Residential Progress of Sales
All Coastal Front units have been sold-out
Total Contractual Value of € 1.1 bn
Riviera Tower
173
Units
100%
Of the units under SPA or final stages of negotiation
The Cove Residences
115
Units
100%
Of the units under SPA or final stages of negotiation
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The Ellinikon | Residential Progress of Sales
6 New Developments consisting of some 560 mid-scale to luxury apartments
have been launched as part of the "Little Athens" neighborhood
Park Rise
Pavilion Terraces
Promenade Heights
Sunset Groves
Data as of June 2025
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Trinity Gardens
Atrium Gardens
Outstanding pre-sales progress
85% of units brought to the market already reserved
The Ellinikon | Overcoming Challenges
Construction Challenges
Weak Construction Market
Biggest challenges remain Infrastructure and Riviera Tower
Addressing Challenges & Building
Construction Expertise
Developed internal Construction Business Unit
"CBU" and improving margins on new projects
CBU projects are ahead of schedule
Significant construction progress for Little Athens
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