CBO TERRITORIA: CBo Territoria: Revenue for the 1st half of 2022 – 08/17/2022 at 17:45

Press release, Sainte-Marie, August 17, 2022, 7:45 p.m.

Turnover of 1

^er

semester 2022

Rise in power of tertiary real estate

oh

Gross tertiary rental income: €10.2m, up +9.6% vs H1 2021

oh

Growth in tertiary rental income above +8% expected over the year

· Product mix with high added value in Promotion

Sainte-Marie, La Réunion – CBo Territoria (ISIN: FR0010193979 – CBOT), a benchmark real estate player in La Réunion for nearly 20 years, today announces its turnover for 1

^er

semester 2022, ended June 30.

Consolidated turnover of 1

^er

semester 2022

-4.5%

Restated to ensure data comparability following the sale of 40% of the Outdoor division in June 2022 (see detail in the Other activities paragraph at the end of the press release).

INCREASE IN POWER OF TERTIARY PROPERTY

·

^{Tertiary property}

At 1

er

^{half of 2022, the gross rental income of the}

tertiary economic heritage

(1)

of CBo Territoria grew by

+8.4% to €11.8m

(

including €1.6 M of Q/P from SME) and +9.6%

(excluding SME) of which +5.4% related to the full-year effect of the Port retail park delivered in April 2021, and the rest to the impact of indexation and dynamic commercial activity.

The occupancy rate of the economic assets reaches 98%

compared to 96% at the end of June 2021.

Pursuing the development of tertiary real estate, CBo Territoria currently has a

^{project pipeline of €52 million by 2025,}

including the Combani warehouse in Mayotte (fully marketed) delivered at the end of September 2022 and the Ylang Ylang shopping center of nearly 6,700 m

2

[1]

under construction for delivery at the end of 2023 and whose marketing is progressing at a good pace (83% of the surface area to date).

(

)

Tertiary economic assets consist of investment assets (excluding Residential and land assets) and the share of assets held under the equity method.

·

Residential assets

The gross rents of

^{residential assets}

amounted to €1.1 million (compared to €1.3 million at the end of June 2021) following the disposals carried out in 2021 and the 10 sales by cutting of the 1

er

half of 2022 (balance of 10 lots at the end of June 2022).

Given the tertiary tenure strategy,

the residential assets are intended to be sold en bloc at the end of the tax exemption period

(268 housing units at the end of June 2022). In accordance with the framework agreement signed in 2019, SHLMR/Action Logement will acquire 118 housing units in the last quarter of 2022.

PROMOTION: Declining activity linked to the Tertiary sector and product mix with high added value

4.6

X 2.1

As of June 30, 2022, the revenue of the

promotion in Residential (+19.5%) is driven by the sale of 55 building plots

whose revenue more than doubled compared to H1 2021, to €9.6 million. These lands with a view of the Indian Ocean located to the west in Marie Caze (Saint-Paul) as well as in Roquefeuil and in the Golf subdivision in Saint-Gilles are still extremely sought after on the island. At the end of June 2022, the stock of residential building land reservations amounted to €16.5 million for 97 lots.

In terms of

New residential

, the main contributors for the semester are the intermediate programs eligible for Pinel DOM from Bengali to Marie Caze (33 lots to be delivered at the end of 2022), Kaloupilé in the Beauséjour sustainable district (35 lots to be delivered in H1 2023) and Hamélia in Saint-Leu ( 42 batches to be delivered in 2023). At the end of June 2022, the stock of retail residential reservations amounted to €13.6 million for 58 lots. Work is also underway on the 3 new programs acquired at the end of 2021 by the SHLMR (Clos des Serins and Foulque in Marie Caze for 115 lots and Lobélie in Beauséjour for 47 lots).

0.2

3.5

After two years of strong activity,

the turnover of Tertiary development, opportunistic activity, amounts to 2.6 M€

and mainly concerns the progress of the VEFA of the EPSMR offices in La Mare (Sainte-Marie) which will be delivered at the start of 2023. As a reminder, Tertiary turnover had reached €31.3 million for the year 2020 (including €11 .8 M€ linked to the sale of land) and 13.3 M€ in 2021 (including 6.3 M€ linked to the sale of land).

For the year as a whole, the Property Development activity

will be down compared to 2021 in favor of the development activity of the tertiary real estate.

OTHER ACTIVITIES – Evolution of the scope

^{On July 6, CBo Territoria announced the signing of an agreement with Ilop Réunion, represented by Stéphane André, aimed at the acquisition by the latter of 40% of the Group’s Outdoor activities (Jardin d’Eden, Golf du Bassin Bleu and Beauséjour SportClub), to accelerate their development and focus the Group’s efforts on its core real estate activities.}

The Outdoor division will now be accounted for using the equity method in the accounts of June 30, 2022 with effect from June 1

^er

January 2022. The income from these activities mainly consists of revenue (€1.7 million as of 1

er

half of 2021 and €3.4 million over the full year), payroll and operating expenses will now be presented in the line of the income statement “Results of equity-accounted companies”, which will allow better readability of the results of Property Investment and Development.

As of June 30, 2022, other activities

(real estate and coworking services under the Lizine brand) generated revenue of €0.6 million, compared to €0.7 million a year earlier.

^{Financial Calendar 2022}

Results of 1

er

semester :

Tuesday, September 13 (dissemination of press release after market close)

Presentation meeting:

Wednesday, September 14 at 11:30 a.m. (face-to-face)

About CBo Territoria (FR0010193979, CBOT)

A leading real estate player in Réunion for nearly 20 years, with 4,200 residential lots including 3,300 housing units and nearly 190,000 m² developed in offices, shops and workshops, CBo Territoria has become a multi-regional development property company specializing in tertiary assets (€301 million at the end of 2021, i.e. 80% of its total portfolio). The Group, present across the entire real estate value chain (Developer, Developer and Land), continues to develop through the exploitation of its land reserves or the acquisition of land. CBo Territoria finances its development thanks in particular to its activity as a Residential Developer (collective buildings or sale of plots) and Tertiary and via the scheduled sale of its residual residential assets (valued at €43 million at the end of 2021) to the SHLMR.

CBo Territoria is a yield property company eligible for PEA PME listed on Euronext Paris (compartment C).

Responsible and committed to more sustainable real estate since its inception, CBo Territoria has been part of the Top 10 of compartment C of the Gaïa-Index for 6 years, the French benchmark index for the most virtuous small and medium caps in terms of CSR (Corporate Social Responsibility). companies).

More information on

cboterritoria.com

INVESTOR contacts

Caroline Clapier – Administrative and Financial Director – [email protected]

Agnès Villeret – Komodo – Tel. : 06 83 28 04 15 – [email protected]

PRESS contacts

Finance: Agnès Villeret – [email protected]

Full and original press release in PDF format:

https://www.actusnews.com/news/75960-cas1-22-170822.pdf