Haya Real Estate reports transaction volumes of € 1,243 million during H1 2021

• Revenues increased 13% YoY, reaching €94.5 million and driving an Adjusted EBITDA of €30.0 million in the semester
• Assets under Management (AuMs) of €30.5 billion as of June 2021
• The company maintains a strong free cash flow generation of €49.0 million in the period

July 30^th, 2021, Madrid. Haya Real Estate (“Haya”), the Spanish market leader in the management of real estate debt and property assets, announced today its financial results for the first half of 2021, reporting transaction volumes of €1,242.7 million (€2,679.7 million on an LTM basis). The company manages around €30.5 billion in ssets under Management (AuMs) as of June 30^th, 2021.

Revenues have reached €94.5 million in the first half of 2021 (€188.2 million on a LTM basis), which have driven operating results (adjusted EBITDA) to €30.0 million (€61.6 million on an LTM basis). This represents an increase of 45% compared to the same period in 2020, which was deeply impacted by the lock down period in Spain due to the pandemic.

Finally, Haya reported a solid Free Cash Flow of €49.0 million at the end of the period (€68.0 million on an LTM basis) maintaining a strong cash conversion of 163%.

Market outlook and Haya ́s business

The second part of 2021 will be still driven by the evolution of the macro situation. Developments in mass vaccination process have allowed the reduction of restriction measures. However, there are still threats related to COVID-19’s evolution and, consequently, to the economic prospects which are still uncertain.

The outlook for Haya is showing potential signs of recovery in business activity that together with cost reduction efforts made by Company have allowed to maintain sustainable adjusted EBITDA margins during the period. The Company expects that 2021 performance will be substantially driven by activity in the last quarter of the year, which will depend to a large extent on how the general situation evolves. In this sense, Haya expects to have higher visibility on the pandemic impact, banking sector mergers implications, regulatory measures and Sareb ́s tender in the next months.

Enrique Dancausa, CEO of Haya, said: “Results in this period show a slight recovery in our business, continuing with the trend experienced since the beginning of the year. The economic activity is expected to continue improving progressively but it will still depend on the overall pandemic evolution in the upcoming months. Under this context, we remain focused on being a business partner for our clients offering the best service and continue to enhance our financial results”

About Haya Real Estate

Haya is the leading company in the management of Non-Performing Loans and Real Estate Owned assets (NPLs and REOs, respectively) in Spain. The company manages assets as well as financial and real estate vehicles for a wide variety of clients, from financial institutions to international investors. In total, Haya is responsible for €30.5 billion of AuMs (Assets under Management).

Haya offers products and services covering the entire value chain of NPLs and REOs. Its NPL services focus on the management of corporate or individuals’ debt, with a high degree of specialization in the valuation, management and recovery of loans and the conversion of non-performing loans into real estate owned assets. Real estate services are delivered to a portfolio of ~185,000 assets under management, and they range from asset boarding, property management, maintenance and valuation to its commercialization. Haya's services are fully integrated into the lifecycle of each NPL / REO, and also involve portfolio advisory, underwriting capabilities, land management, completion of works in progress and securitization.

Haya’s main clients include financial institutions such as BBVA, Caixabank (formerly Bankia), Grupo Cajamar, ING, Liberbank, Sareb, and international investment funds such as Cerberus Capital Management. The company employs ~844 professionals, featuring an extensive sales network that covers the entire Spanish geography. Haya has invested ~€65 million euros in cutting-edge technology, data analysis and IT tools focused in process efficiency and performance delivery.

Financial results presentation conference details

Enrique Dancausa, CEO of Haya, and Álvaro Badiola, CFO, will host a conference call today to present the results, which will be simultaneously broadcast over the internet, at 10:00 AM (Central European Time).

To participate in the conference, please dial in:

• Spain: +34 911 140 101
• United Kingdom: +44 207 194 3759
• United States: +1 646 722 4916
• PIN: 22466010#

The conference call can also be accessed via webcast at:

Contact details:

Investor Relations:

+34 917 929 777
ir@haya.es

Media relations::
Kreab.

+34 91 702 71 70
hre@kreab.com