IRSA Inversiones y Representaciones Sociedad Anónima : Factsheet 2021
October 19, 2021 at 09:21 am EDT
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FY 2021
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THE COMPANY
We are the Argentina's leading real estate company in terms of size and quality. Engaged, directly and indirectly through subsidiaries and joint ventures, in a range of diversified real estate related activities in Argentina, including: the acquisition, development and operation of shopping malls, office buildings, residential properties, luxury hotels, undeveloped land reserves for future development and sale, and selective investments outside Argentina.
SHOPPING MALLS' UNIQUE PORTFOLIO
OFFICES BUILDINGS
BA CITY ~70%
Market
Share
Dot Building
Philips
Della Paolera 261
Zetta
Suipacha
República
Intercontinental
15 MALLS
High income Area
Expanding Corporate North Area
Mid Income Area
Business Center
336,000
Low Income Area
AAA Location
Back Office Center
7 BUILDINGS
June 30, 2021, we held a 29.91% interest in Banco Hipotecario. Established in 1886 by the113,000argentine government and privatized in 1999, Hipotecario has historically been Argentina's leading mortgage lender, provider of mortgage-related insurance and mortgage loan
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services All of its operations are located in Argentina where it operates a nationwide network of 63 branches in the 23 Argentine provinces and
the City of Buenos Aires, and 12 additional sales offices throughout Argentina.
3 PREMIUM HOTELS ACROSS THE COUNTRY
Intercontinental Libertador
Llao Llao
FINANCIAL INVESTMENTS
29.9%
Banco Hipotecario has historically been Argentina's leading mortgage lender, provider of mortgage-related insurance and mortgage loan services. All of its operations are located in Argentina where it operates a nationwide network of 63 branches in the 23 Argentine provinces and the City of Buenos Aires, and 12 additional sales offices throughout Argentina.
NET ASSET VALUE
JUNE 30, 2021 - USD MILLION
1,460 GAV
1,159 NAV
20.6% LTV
27
56
387
301
1.460
1.159
990
IRCP NAV
Hotels 1
Banco
1 Landbank & 2
Gross Asset
Net Debt
Net Asset
Hipotecario
Others
Value
Value
Book value as of June 30, 2021
Book value as of June 30, 2021. "Others" includes properties for sale and investment in Condor Hospitality
Trust
DEBT PROFILE
JUNE 30, 2021 - USD MILLION
Description
Amount
Maturity
Short term debt
0.6
<360 days
Series VI
2.5
Jul-21
Series VII
33.7
Jan-22
Series X
7.3
Mar-22
Series V
9.2
May-22
Series IX
80.7
Mar-23
Series I
3.1
Mar-23
Series VIII
31.8
Nov-23
Series XI
15.8
Mar-24
Series XII
45.6
Mar-24
Intercompany Debt
69.9
Mar-22
Other Debt
8.8
Feb-22
GROSS DEBT
309.0
Cash & Eq.
8.0
NET DEBT
301.0
301
Stand Alone Net Debt
From A to AA
AMORTIZATION SCHEDULE
Credit Rating upgrade
DOES NOT INCLUDE INTERCOMPANY DEBT
By FIX (affiliate of Fitch Ratings)
72,6
94,3
58,1
72,2
FY22
FY23
FY24
FY25
*IRSA CP owns IRSA bonds for ~ USD 50 million
On August 26, 2021, we issued USD 58.1 MM in the local capital markets
Series XIII (USD linked): at 3.9% fixed due 25% in August 2023, 25% in February 2024 and 50% in August 2024.
Proceeds will be used to refinance short term debt
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IRSA - Inversiones y Representaciones SA published this content on 19 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2021 13:20:06 UTC.
IRSA Inversiones y Representaciones Sociedad Anonima is a holding company. The Company invests on its own behalf and through investee companies in companies operating in various sectors of the Israeli and global economy. The Company's segments are Cellcom, which includes cellular telephone services, content and added value services, other services and revenues from the sale of end user equipment in the cellular field; Property and Buildings and projects in Las Vegas, which includes the rental of income-generating properties and residential buildings; Shufersal, which includes retail and the rental of income-generating properties; Adama, which includes the sale of agro products and non-agro products; Clal Insurance Enterprise Holdings, which operates through subsidiary companies in the fields of insurance, pensions and provident funds, in the field of financial services and in the holding of assets and real businesses, and Others.