Haya Real Estate reports transaction volumes of €739.9 million in first half-year of 2023

• Revenues have reached €63.0 million in the period, driving an Adjusted EBITDA of €14.9 million
• The acquisition of Haya by Intrum is expected to close in September, after successful approval of the transaction from Spanish Competition Authorities and the debt restructuring which is expected to be closed by 30^th August.
• The Lock Up agreement was highly supported by more than 95% of investors.

August 29^th, 2023, 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-year 2023, reporting transaction volumes of €739.9 million. The company manages €10,116 million in Assets under Management (AuMs) as of June 2023.

Revenues have reached €63.0 million in the year, which have driven operating results (adjusted EBITDA) to €14.9 million (in LTM period, the figures stand at €143 million and €38.7 million, respectively) maintaining an adjusted EBITDA margin of 24% in the period, impacted by business activity which was partially offset by the reduction in operational costs based on cost control culture established by the company to adapt the structure to its new circumstances.

Haya reported a Free Cash Flow of €12.9 million at the end of June (€36.5 million LTM), resulting in a strong cash conversion of 87%.

Leading the servicing consolidation

In May 2023, Intrum agreed to acquire 100% of the shareholder loan and share capital of Haya from Haya HoldCo 2 plc.

The sale transaction process is expected to close in September, after successful approval of the transaction from Spanish Competition Authorities.

The Lock Up agreement has been highly supported by more than 95% of investors which is expected to be effective by August 30^th, 2023.

Enrique Dancausa, CEO of Haya, said: “The figures show our commitment to maintain a sustainable EBITDA margins in 2023 while continuing to develop unique new services and products highly innovative and useful to our clients. The company continues to focus on offering the best quality service while adapting its structure to the market requirements”.

About Haya Real Estate

Haya is one of 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 €10.1 billion of AuMs (Assets under Management) as of June 2023.

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 ~94,000 assets, 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 and underwriting capabilities, rental management, land management, completion of works in progress.

Haya’s main clients include financial institutions such as BBVA, Caixabank, Cajamar, and international investment funds such as Cerberus Capital Management. The company employs ~520 professionals, featuring an extensive sales network that covers the entire Spanish geography. Haya has invested in cutting-edge technology, data analysis and IT tools focused on industrialization, process efficiency and performance delivery which are key to deal with current market environment.

Financial results presentation conference details

Enrique Dancausa, CEO of Haya, and Omar Suarez, CFO, will host a conference call today to present the results, which will be simultaneously broadcast over the internet, at 9:30 (Central European Time).

To participate in the Haya Real Estate June 2023 Earnings Call, please register in the following dial-in information:

• Spain: +34 910489964
• United Kingdom: +44 2045794772
• US: +1 888 886 7786

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