Integrated Annual Report FY 2021/22
Consolidated Management Report
| | 2 |
Table of Contents
1. Who we are
2. Governing bodies and organisational structure
3. Risk management
4. Non-financial information
5. Financial information
6. Share price performance and CNMV filings
7. Events after the reporting period
8. Appendices
Jardins de Castellarnau (Sabadell)
3
1. Who we are
Monier (Madrid)
Who we are | 1.1. AEDAS Homes at a glance | 4 |
1.1. AEDAS Homes at a glance
AEDAS Homes is a next-generation residential developer whose shares have been publicly traded in Spain since October 2017.
Since its founding, the Company has relied on a decentralised, scalable organisational structure, which has proven to be a highly efficient approach.
This decentralised structure comprises six Regional Branches that operate with a good deal of autonomy. By leveraging on the local know-how and experience of these regional teams, AEDAS Homes can offer customers a product that is tailored
01 to each micro market and generate loyalty among its partners and suppliers.
Critical business functions are carried out in-house, while non-critical functions are outsourced. As a result, the Company's team, made up of professionals with extensive experience in the sector, is highly efficient and capable of responding to market trends and scaling up objectives with ease and agility. Despite a substantial degree of externalisation, the Company builds long-term relationships with its partners, generating significant loyalty and mutual trust.
The Company has three business lines which differ primarily by customer type.
AEDAS Homes' core business, its Build-to-Sell (BTS) line, focuses on the development of new-build homes for individuals who are buying their primary or second residence or as an investor.
Through its Build-to-Rent (BTR) line, the Company develops turnkey projects designed specifically for the rental segment for institutional investors.
Lastly, the newly-created Real Estate Services line provides development and management services to third parties, potentially co-investing with them on occasion.
The AEDAS Homes product is defined by its focus on people and how they really live, meaning that it adapts not only to their current lifestyle but also to their future needs. These homes, in residential buildings that stand out for their modern, balanced and rational architecture, feature flexible layouts intended for high intensity use throughout their entire life cycle.
This "design for all" concept simplifies life, providing comfort and convenience for every kind of person, and places special emphasis on acoustic, thermal and lighting comfort, given how important and influential these factors are on
our health and well-being. The aim is to evoke a sense of home, with spaces open to nature with large windows and terraces that connect with gardens and carefully landscaped green areas. And, of course, these are homes that respect the environment in their design and construction and that make use of innovative technological systems in the interest of sustainability.
Who we are | 1.1. AEDAS Homes at a glance | 5 |
This product definition meets the high | most AEDAS Homes customers share the | ||
expectations of the typical AEDAS Homes' | purchase decision with someone else. | ||
customer, who generally has already | This is a significant consideration as it | ||
been through the homebuying process | brings a second or even a third opinion | ||
before and therefore has become very | into the homebuying equation, increasing | ||
discerning. These customers draw on their | expectations and requirements. | ||
prior experience and informed by their | |||
personal perspective and specific needs | As for its investment policy, the Company | ||
as current homeowners, have a better | has consistently been very selective and | ||
understanding of what they really need | disciplined, sticking to very high return | ||
for their wellbeing. They are perfectly | thresholds and relying on its Regional | ||
able to identify the unique attributes, | Branches to identify the most interesting | ||
both indoors and outdoors, in the homes | investment opportunities that fit with | ||
the Company develops. They are seeking | targets, customer profile and product | ||
very high quality specifications not only | type. After exhaustive analysis, the | ||
in the core aspects of their future home, | Investment Committee reviews each | ||
01 | but also in the scope for personalisation. | opportunity and determines the final | |
They are also sensitive to environmental | offer. As a result, AEDAS Homes has been | ||
and sustainability considerations and | able to maintain a truly high-quality land | ||
value the fact that the nearly all the | bank, located across its six Regional | ||
Company's homes developments have | Branches which operate in a total of 18 | ||
Energy Performance Certificates of A or | provinces, as shown below, with scope for | ||
B. A second unique characteristic is that | the development of 17,000 units as of 31 | ||
March 2022. | |||
AEDAS Homes in Spain
North
GAV: €133m
1,029 units
Catalonia & Aragon
GAV: €355m
Madrid | 2,125 units | |||||
GAV: €595m | ||||||
4,601 units | ||||||
Regional Branches | ||||||
East & Balearic Islands | Madrid | |||||
GAV: €366m | Catalonia & Aragon | |||||
3,488 units | East & Balearic Islands | |||||
Andalusia & | Andalusia & Canaries | |||||
Costa del Sol | ||||||
Canaries | Costa del Sol | |||||
GAV: €271m | North | |||||
3,333 units | GAV: €354m | |||||
2,424 units | ||||||
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Aedas Homes SA published this content on 26 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2022 07:11:25 UTC.