#1PRESENTATION TO ESG & SRI INVESTORS JUNE 2022 ICADE DESIGNING, BUILDING, MANAGING AND INVESTING in cities, neighbourhoods and buildings that are innovative, diverse, inclusive and connected with a reduced carbon footprint. Desirable places to live and work. This is our ambition. This is our goal. This is our Purpose. Desirable places to live EDENN La Défense, Hauts-de-Seine#2Icade at a glance 1 Overview of Icade CSR strategy 2 Icade's Low-Carbon Strategy: aligned with a 1.5°C pathway AGENDA 3 Focus Sustainable finance 4 2022 Outlook & Conclusion Appendices ICADE ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 2#3One of the most important urban transformation projects in Europe, in a former industrial area of Paris, which will host the University of Chicago's new Centre in Paris. UNIVERSITY OF CHICAGO Paris, 13th district ICADE Desirable places to live Icade at a glance ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 3#4ICADE AT A GLANCE ICADE AT A GLANCE: ONE OF THE LEADING FRENCH LISTED REITS ICADE FRESK Issy-les-Moulineaux, Hauts-de-Seine OFFICE INVESTMENT: Icade, the leading real estate player in Greater Paris Portfolio as of 12/31/2021: €8.9bn (100% basis) • Average net initial yield (Group share, incl. duties) (1): 5.5% Development pipeline (100% basis) (2): €904m (for nearly 150,000 sq.m) Situated mainly in the Paris region, close to major Greater Paris stations 877,000-sq.m land bank HEALTHCARE INVESTMENT: Icade, the leading player in France As of 12/31/2021 €15.5bn property portfolio €12.2bn property portfolio excl. duties, Group share Healthcare Investment 32% Office Investment 68% clinique • Portfolio as of 12/31/2021: €6.7bn on a 100% basis, €3.9bn Group share 。 87% in France, 13% outside France 。 84% acute and post acute care (incl. 4% outside France) and 16% long-term care (incl. 10% outside France) L'UNION PRIVATE HOSPITAL • 206 healthcare facilities as of 12/31/2021 Toulouse, Haute-Garonne EMBLEM - Lille, Nord Average net initial yield (incl. duties) (1): 5.0% PROPERTY DEVELOPMENT: a leading property developer in France, a key player in low-carbon construction Limited exposure (less than 10% of Group equity(3)) A full-service developer (offices, homes, etc.) with extensive national coverage (21 local offices) Icade shareholding structure Crédit Agricole Assurances Group 19.1% O Caisse des dépôts 39.2% Free float(4) 41.7% S&P rating for Icade & Icade Santé BBB+, stable outlook (1) Annualised net rental income from leased space plus potential net rental income from vacant space at estimated rental value, divided by the appraised value of leasable space including duties (2) Inludes the fair value of the asset at project start, cost of works (incl. expenses, fees and tenant improvements) and carrying costs (3) Property Development equity attributable to the Group (before elimination of investments in subsidiaries/consolidated equity attributable to the Group) (4) Including 0.71% of treasury shares, and 0.28% for Icade's FCPE employee-shareholding fund (as of 12/31/2021) ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 4#5Icade has been selected to develop a new neighbourhood in Versailles, the next-generation garden City, a green Oasis, where inhabitants live immersed in nature. The first project in a new Nature-Art-Education label. ICADE Desirable places to live 1 Overview of Icade CSR strategy QUARTIER DE GALLY Versailles, Yvelines ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 5#61. OVERVIEW OF ICADE CSR STRATEGY CSR AT THE CORE OF OUR STRATEGY 5 high-priority issues to address the planet's social and environmental challenges As a reminder . Involving all its employees and partners . Ambitious 2019-2022 goals Preserving biodiversity Impact on climate change ICADE 5 priority issues for Icade Scarcity of resources and circular economy A policy recognised by non-financial rating agencies 2022: further acceleration on the Low carbon strategy 1 In line with a +1.5°C pathway . Higher goals for its three business lines and Corporate, covering scope 1, 2 and 3 emissions ⚫ Net-zero carbon emissions by 2050 and offset residual emissions ⚫ A €150m investment plan for 2022-2026 to help achieve these goals 2 Robust commitments towards external third parts • A commitment to having our +1.5 C pathway approved by the SBTI Say on Climate and Biodiversity resolution approved by more than 99% at 2022 AGM ⚫ Shareholders will be asked to vote on the resolution each year Territorial cohesion and inclusion Engagement, agility and collaboration LOW CARBON by ICADE COMMITTED FOR CLIMATE ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 6#71. OVERVIEW OF ICADE CSR STRATEGY LOW CARBON, A TOP PRIORITY A well-established track record 1st 2005 private service sector building in France to receive HQE Construction certification Responding to 3 Key Issues ICADE 2010 1st green leases and committees 2017 1st developer to obtain the E+C-label (offices) 2019 2019-2022 Strategic Plan: low carbon, a top priority 2020 Promoting low-carbon living: an issue at the heart of Icade's Purpose 2022 Icade is committed to the SBTI with the aim of having its 1.5°C trajectory validated in accordance with the Net-Zero standard A global issue The critical role of the real estate industry A priority for our stakeholders Keeping global temperatures from rising more than 2°C, with an ideal target of 1.5°C (Paris Agreement) 25% of CO2 emissions in France come from the real estate sector Customers; Shareholders and investors; Employees ⚫ Local authorities; Suppliers and partners ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 7#81. OVERVIEW OF ICADE CSR STRATEGY LEADING POSITION CONFIRMED IN 2021 BY CSR RATING AGENCIES CLIMATE CHANGE NON-SPECIALISED Ranked 4th out of 445 listed real estate companies worldwide Score: 7.7/100 (inverted scale) SUSTAINALYTICS A-rating in the top 20% worldwide "Leadership" status ✓ CDP DRIVING SUSTAINABLE ECONOMIES REAL ESTATE "Sector leader" status in the category of listed diversified companies in Europe with properties mainly operated by their tenants Score: AA (on a scale ranging from CCC to AAA) MSCI Score: 83/100 "Prime" status in the top 10% of real estate companies worldwide Ranked 4th out of 94 companies in Europe in the real estate sector Score: 64/100 ISS ESG "Gold" rating for the quality of non-financial reporting since 2015 V.E ICADE GRESB REAL ESTATE sector leader 2021 ان EPRA SB PR GOLD Icade improves its leading position in 2021 for ESG ratings ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 8#9Icade was selected to develop a project that will have a very low impact on the environment and even be energy self-sufficient during the summer months SO WOOD Montpellier, Hérault ICADE Desirable places to live 2 Icade's Low-Carbon Strategy: aligned with a 1.5 C pathway ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 9#102. ICADE'S LOW-CARBON STRATEGY: ALIGNED WITH A 1.5°C PATHWAY ICADE'S LOW-CARBON POLICY: GOOD RESULTS IN 2021 LOW Icade significantly reduced carbon CARBON intensity in each business line between by ICADE ENGAGES POUR LE CLIMAT 2015 and 2021 (in kg CO2/sq.m) Some concrete achievements... OFFICE INVESTMENT -30% HEALTHCARE INVESTMENT -27% PROPERTY DEVELOPMENT(1) 11 -17% 56% Share of renewable energy in the energy mix 100% of Icade Santé's new builds over 4,000 sq.m have environmental certification (2) 475,000 sq.m of timber construction projects completed or under development BATIMENT BBCA BAS CARBONE PALMARÈS 2021 MAÎTRES D'OUVRAGE 2021 BBCA RANKING Icade among the top 5 low-carbon developers in France All of our divisions are involved in advancing our carbon intensity reduction goals (1) Residential (2) With a minimum level of certification (HQE/BREEAM Very Good, LEED/DGNB Silver) ICADE ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 10#112. ICADE'S LOW-CARBON STRATEGY: ALIGNED WITH A 1.5°C PATHWAY ICADE'S CARBON FOOTPRINT: ENLARGED SCOPE TO COMPLY WITH SBTI Icade's SBTI commitment 40% and reporting scope in 2019 Emissions on a life-cycle basis Over a 50-year horizon OFFICE PROPERTY INVESTMENT 5% (from energy consumption by tenants) PROPERTY DEVELOPMENT - ENERGY from the energy consumed during the operation of the building sold over a 50-year horizon PROPERTY DEVELOPMENT- REPLACEMENT OF BUILDING MATERIALS from the replacement of building materials over a 50-year horizon for buildings sold PROPERTY DEVELOPMENT - TOTAL 84% Scope 3 PROPERTY DEVELOPMENT - CONSTRUCTION from building construction (materials, refrigerants, transport, on-site waste) 580,000 tonnes of CO2 60% Icade's annual carbon footprint Scopes 1, 2 and 3 HEALTHCARE PROPERTY INVESTMENT 11% Scope 3 (from energy consumption by healthcare operators) CORPORATE <1% (from energy consumption by buildings occupied by Icade and by business travel and employee commuting) Scopes 1,2,3 Our commitments are covering a comprehensive scope: 60% annual emissions + 40% on a life-cycle basis Property development: main contributor to Icade's carbon footprint with 84% Scope 3 representing almost 99% of the total carbon footprint 2019: base year for our carbon reduction pathway (most recent representative year) ICADE ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 11#122. ICADE'S LOW-CARBON STRATEGY: ALIGNED WITH A 1.5°C PATHWAY FURTHER RAMPING UP OUR LOW-CARBON STRATEGY IN 2022 Achieving net-zero carbon emissions by 2050 1 for our three divisions and Corporate 2 Targets for reducing GHG emissions by 2030 Reducing GHG emissions by 90% in absolute terms between 2019 and 2050 and offsetting residual emissions Carbon reduction targets for 2019-2030 for Icade's business line's (in kg CO2/sq.m/year) Carbon reduction target for 2019-2030 for Icade's Corporate scope OFFICE INVESTMENT -60% HEALTHCARE INVESTMENT -37% PROPERTY DEVELOPMENT -41% Icade's GHG emission reduction pathway (in tCO₂e/year) 578,734 -29% 411,555 -90% (in tCO2/an) CORPORATE -30% 57,873 У 2019 2030 2050 A low-carbon investment plan for the next 4 years: €150m Icade's 1.5°C carbon reduction pathway to be validated against the Net Zero Standard: a commitment to the SBTi ICADE ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 12#13ICADE 2. ICADE'S LOW-CARBON STRATEGY: ALIGNED WITH A 1.5°C PATHWAY OFFICE PROPERTY INVESTMENT BEYOND SBTI REQUIREMENTS 16 -60% Target reduction in operational carbon intensity between 2019 and 2030 in France, in kgCO2 e/sq.m/year Beyond the requirements set out in the SBTI's Net-Zero Standard framework GHG emissions and identified potential measures to reduce them by 2030 (in kgCO₂e/sq.m/year) €100m: investments between 2022 & 2026 Main measures: Renovations Energy-efficient equipment, renewable energy • Carbon performance criteria for new projects ⚫ Collective energy purchasing and supply options for responsible renewable energy Bail • Leases that include climate criteria Engage by ICADE Climat 14 12 123 10 8 b -0 4 2 Carbon emissions from building use Potential carbon reduction measures controlled by Icade Potential carbon reduction measures to be taken jointly by Icade and its tenants or not controlled by Icade 0 2019 Development Renewable pipeline energy- Icade Renewable energy- tenants Work to improve energy Energy switch Changes 2030 performance and asset renovations in national emission factors Origine (Nanterre, Hauts-de-Seine) • . • Completed in Q1 2021 (69,000 sq.m) The largest office project with E3C2, BREEAM, LEED, WELL, HQE, BiodiverCity, WiredScore and R2S Energy efficiency and wellbeing Edenn (Nanterre, Hauts-de-Seine) NF HOE BREEAMⓇ BATIMENT BBCA BAS CARBONE EXCELLENT << Excellent >> Osmoz Engagés pour la qualité des cadres de vie ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 13#142. ICADE'S LOW-CARBON STRATEGY: ALIGNED WITH A 1.5°C PATHWAY HEALTHCARE PROPERTY INVESTMENT COMMITTED TO A LOW CARBON STRATEGY WITH TENANTS -37% Target reduction in operational carbon intensity between 2019 and 2030 in France, in kgCO₂ e/sq.m/year Healthcare Property Investment Division will set specific low-carbon targets for its assets located outside France (17% of the Division's total floor area) by the end of 2022. GHG emissions in France and identified potential measures to reduce them by 2030 (in kg CO₂e/sq.m/year) €40-50m: investments between 2022 & 2026 Main measures: ICADE ⚫ Retrofit building envelopes to improve their energy performance • Obtain environmental certification with a minimum rating (1) for 100% of new-build projects over 4,000 sq.m ⚫ Pilot projects given E+C-label 40 20 35 30 25 25 20 15 10 10 5 0 2019 Retrofit building Carbon emission from buiding use Controlled carbon reduction measure Partially controlled or uncontrolled carbon reduction measure Improved energy envelopes to improve their energy performance (Icade") performance of equipment and energy swithes (operators) *According to leases. (1) HQE Very Good, BREEAM Very Good, LEED Silver, DGNB Silver Acquisitions Developments Change in national emission factors 2030 Nursing home in Bellerive-sur-Allier (Allier) BELLERVE ⚫ The project is aiming to obtain the E+C-label and HQE certification with an Excellent rating • Reflects the Healthcare Investment Division's goal of reducing the energy consumption of its assets. Supporting our tenants and coordinate the efforts of Icade Santé and the operators to improve the energy performance and promote the energy renovation of the assets in the coming years. ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 14#152. ICADE'S LOW-CARBON STRATEGY: ALIGNED WITH A 1.5°C PATHWAY PROPERTY DEVELOPMENT RAMP UP LOW CARBON CONSTRUCTION 1,400 1,200 1,000 800 600 400 -41% Target reduction in carbon intensity between 2019 and 2030 for buildings built, in kgCO₂ e/sq.m over a 50-year horizon GHG emissions from homes built by Icade Promotion and potential measures to reduce them by 2030 (in kg CO₂e/sq.m over a 50-year horizon) Operationnal energy Materials On-site E+C-label: 50% of homes and 100% of offices over 5,000 sq.m with E2C1 rating (1) by 2022 Main measures: ⚫ Carbon impact assessment performed during the design phase ICADE ⚫ Low-carbon energy sources, biosourced materials, low-carbon concrete, refurbishments ⚫ Scaling up low-carbon innovations URBAIN New timber construction subsidiary (2) des BOIS • Creation of a solution to refurbish and convert offices into homes (3) Wood'Art (Toulouse, Haute-Garonne) • 13,000-sq.m project AFTER WORK Transformer l'ancien an avenir by ICADE Aims for a low energy and carbon footprint: E+C-label with an E3C2 rating 76% timber-based frame Local know-how and biosourced materials (incl. wood from the Occitanie region) 200 2019 Energy performance Energy mix Renovation and optimisation of space Low-carbon construction methods ans reuse of building materials Low-carbon materials 2030 (1) i.e. NZEB-15% for homes and NZEB -30% for offices, in line with EU Taxonomy (2) Impact of a low-carbon building (C2 level) vs. a current new building (RT2012): around -30% on a lifecycle basis (3) Impact of a refurbished asset vs. a new-build asset (RT2012): -30% to -40% on a lifecycle basis ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 15#162. ICADE'S LOW-CARBON STRATEGY: ALIGNED WITH A 1.5°C PATHWAY AN AMBITIOUS AND RESPONSIBLE CARBON OFFSETTING POLICY LOW CARBON by ICADE ENGAGÉS POUR LE CLIMAT Projets de boisements et reboisement en France Started in 2019! 92,000 tonnes (1) of CO, An unwavering approach Complementary Carbon offsetting (2) can be considered in addition to reduction efforts ⚫ Reliable Projects with the best labels and standards sourced from rigorously selected partners ⚫ Local Projects carried out throughout France LABEL BAS CARBONE • With both social and environmental benefits Positive impact on biodiversity, socio-economic, water, soil ICADE LABARTHE BLEYS (81) Afforestation of agricultural land (5.5 ha) • 2,780 trees (poplars, cedars) • Label bas carbone Forest certified PEFC 1,094 tons of CO2 offset ⚫ Refuge of wildlife • ⚫ 12 local jobs Committed partners and innovative tools STOƆK Société Forestière GROUPE CAISSE DES DÉPÔTS (1) Offset of the residual emissions from the Office Property Investment Division business calculated up to 2025. Expanding this initiative to include the Property Development and Healthcare Property Investment Divisions will also be examined. (2) Consists of financing projects conducted by third parties whose activities reduce or sequester CO2 emissions in France or abroad. (1 tonne of CO2 offset = 1 credit) Alliance FORÊTS BOIS ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 16#172. ICADE'S LOW-CARBON STRATEGY: ALIGNED WITH A 1.5°C PATHWAY INNOVATION AS A KEY DRIVER FOR SUCCESS Ecosystem of solutions provided by start-ups supported by Urban Odyssey Concrete low-carbon solutions at every link on the real estate value chain LOW CARBON by ICADE ENGAGÉS POUR LE CLIMAT URBAN ODYSSEY Start-up Studio by ICADE DESIGN cycle up② HICH SIX CONSTRUCTION IN-USE ② OPTIBAT SOLUTIONS HIGH SIX OPTIBAT SOLUTIONS eee ThermiUp RENOVATION & REFURBISHMENT cycle up Firm specialising in the design and standardisation of low-carbon buildings Prefabricated walls for low-carbon construction Passive greywater heat recovery solution Platform dedicated to the reuse of construction materials OFFSETTING BIODIVERSITY STOƆK Local carbon offset platform vertuo. Bringing nature back into cities ICADE ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 17#182. ICADE'S LOW-CARBON STRATEGY: ALIGNED WITH A 1.5°C PATHWAY SAY ON CLIMATE & BIODIVERSITY RESOLUTION APPROVED BY MORE THAN 99% ASSEMBLEE GENERALE MIXTE ICADE ICADE A new step for Icade with the approval by 99.3% at the General Meeting of a resolution "Say on Climate and Biodiversity" Shareholders will be asked to vote on the resolution each year Climate and Biodiversity reports available on Icade's website ICADE ICADE RAPPORT CLIMAT Mars 2022 MÉTHODOLOGIE DE MESURE DE LA BIODIVERSITE POSITIVE POLES FONCIERE TERTIAIRE ET PROMOTION Vers une biodiversité positive Mars 2022 # La prisant decent se compece des paraphesians 11. leef 12. Defendabedestenopetton 1.3.2 31 Wh 14, av as 2121 eplindaco 2022 20 21. le Dodcud 22. Difantabu " 23. 25 " ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 18#19Icade was selected to develop a project that will have a very low impact on the environment and be energy self-sufficient during the summer months. PIPADY, LOT 2 Toulon, Var casabianca ICADE Desirable places to live 3 Focus Sustainable finance ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 19#203. FOCUS SUSTAINABLE FINANCE ICADE'S ACTIVE SUSTAINABLE FINANCING POLICY Icade's inaugural Green Bond issued in 2017 A Green Bond meeting the highest Standards 1 Pioneer in sustainable • €600m; 10 years; finance fixed coupon of 1.50% • 59% of green investors ⚫ A rigorous selection process for green assets and projects . Icade Santé's inaugural Social Bond issued in 2020 The first Corporate Social Bond benchmark sized in the world • €600m; 10 years; fixed coupon of 1.375% Nearly 10 times oversubscribed by major investors Underscoring the intrinsic social nature of the Healthcare Property division business ICADE 2 new RCF lines signed on H1-2020 for a total of €450m 7-year €300m green RCF If the defined CSR goal is not met, an additional cost has to be paid to an association having a positive impact on the environment 5-year €150m solidarity-based RCF €300k allocated to research on Covid-19 vaccines carried out by Institut Pasteur 2 Ramping up in use of green finance New Green Financing Framework with more ambitious ESG criteria Reclassification of the €600m 2021 bond as a Green bond New Green bond issued in January 2022: €500m, 8 years, 1.0% coupon ORIGINE-Nanterre E3C2 rating, HQE Excellent, BBCA V3, LEED Gold & BREEAM Excellent (1) Out of a total office portfolio of €8.8bn Sustainable financial instruments: 35% of total gross debt ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 20 20#21Sur Moreau PAC facility, completed in June 2021. Icade Santé relied on the expertise of Icade Promotion to build this facility under a property development contract. ICADE Desirable places to live 4 2022 Outlook & Conclusion SUR MOREAU PAC FACILITY ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION Saintes, Charente-Maritime JUNE 2022 21 21#224. 2022 OUTLOOK & CONCLUSION CONTINUATION OF THE GROUP STRATEGIC PRIORITIES FOR 2022 Office Property Investment LOW CARBON ICADE Healthcare Property Investment • ⚫ Focus on letting and renewal activity • ⚫ Execution of disposal plan and opportunistic acquisitions . Launch of selective new development projects . Low-carbon priority Continued expansion and tenant and geographic diversification Liquidity event when market conditions allow Constraint Additional cost ICADE Property Development • Increase revenue and achieve higher margins Accelerate low carbon construction • CSR Ramp up Icade's low-carbon strategy with the target to be aligned with the 1.5°C pathway by 2030 A factor in accelerating the attractiveness of our products, growth and market share conquest ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 22 22#23At the gateway to Tours, Icade's "RIVE SUD" project at the heart of a new district is ideally located with shops, offices, residential buildings and a future tram station. RIVE SUD Tours, Indre-et-Loire ICADE Desirable places to live Appendices ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 23 23#24APPENDICES - CSR BIODIVERSITY: STRONG COMMITMENTS AND CONCRETE RESULTS Strong commitments... ... concrete results across our 3 business lines ICADE 100% of the land area developed subject to restoration and preservation of an equivalent area of natural habitat > 170,000 sq.m restored and preserved thanks to Icade's contribution since the programme was launched in 2016 25% of new builds with a net positive impact on biodiversity 100% of business parks with a net positive impact on biodiversity 46% of new builds with a net positive impact on biodiversity in 2021 Urban forest with 1,000 trees in the Portes de Paris business park ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 24#25APPENDICES - CSR STRATEGY AND OTHER CSR ISSUES SCARCITY OF RESOURCES AND CIRCULAR ECONOMY CSR commitments 2021 Results ICADE Office Property Investment • 100% of controlled operational waste recycled or recovered by 2020 • Water consumption below 0.4 m³/sq.m/year by 2022, i.e. a 25% reduction between 2015 and 2022 89% of controlled waste was recycled or recovered in 2021 • -36% reduction in water consumption in 2021 and below 0.4 m³/sq.m/year since 2020 Healthcare Property Investment Property Development . Reuse process for 100% of refurbishments over 2,000 sq.m starting in 2021 N/A No refurbishment over 2,000 sq.m was carried out by Icade Santé in 2021 Reuse process for demolitions over 5,000 sq.m starting in 2020 100% of demolitions over 5,000 sq.m applied a reuse process in 2021 Objective achieved Objective partially achieved N/A Not Applicable INITIAL PRADO Marseille, Bouches-du-Rhône ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 25 25#26APPENDICES - CSR STRATEGY AND OTHER CSR ISSUES TERRITORIAL COHESION AND INCLUSION CSR commitments 2021 Results Office Property Investment Increase the number of local and community partnerships in the business parks between 2019 and 2022 30 local community initiatives were organised for business park tenants in 2021 vs. 25 in 2019 Healthcare Property Investment Adapt real estate solutions to help healthcare operators improve the quality of patient care • Implement the guidelines set out in the Quality of Life in Nursing Homes Charter in 100% of investment projects in France Icade realised audits to assess the quality of patient care in healthcare facilities in 2021 The Charter was completed in 2019 and the related acquisition guidelines have been implemented in all acquisitions made in France in 2021. It is currently being implemented in countries outside France Property Development Include professional integration commitments for 60% of construction projects with at least one works contract worth over €4m starting in 2021 and promote local job creation In 2021, 74% of major construction projects included professional integration commitments and the Property Development Division used local suppliers for over 75% of its procurement needs Objective achieved In progress ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 26 ICADE#27APPENDICES - CSR STRATEGY AND OTHER CSR ISSUES HUMAN RESOURCES CSR commitments • 25% of positions filled internally each year 2021 Results 808 ICADE • 21% of positions were filled internally in 2021 90% of employees trained each year • 100% of employees received training in 2021 Increase the proportion of women managers from 31% in 2018 to 34% in 2022 • The proportion of women managers stood at 36% in 2021, above the 2022 target Reach 5% of work-study trainees in the workforce starting in 2020 Work-study trainees represented 8% of the workforce in 2021, above the target Objective achieved Objective partially achieved In progress ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 27 27#28APPENDICES TAXONOMY FURTHER ALIGNMENT BETWEEN FINANCIAL AND NON-FINANCIAL REPORTING ICADE << Eligible activities >> per European Taxonomy definition Icade reporting based on 2021 data Scope Total IFRS (in €bn) Eligible (1) (in €bn) % Construction (new buildings) ⚫ Renovation (existing buildings) Revenue Rental income from investment property divisions & revenue from property development 1.7 1.6 98.9% Operation (acquisition and ownership of buildings) Opex Investment property divisions and property development Non-material impact in 2021, based on the taxonomy's current definition Excludes project management Capex Investment property divisions 1.2 1.2 98.8% Our 3 activities are therefore eligible (1) In line with taxonomy disclosure Next step early 2023: reporting on "aligned activities" ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 28#29APPENDICES - NEW GREEN FINANCING FRAMEWORK UPDATED FRAMEWORK IN LINE WITH BEST PRACTICES 2021 GREEN FINANCING FRAMEWORK ICADE Eligibility criteria in line with best market practices and with Low Carbon by Icade commitment 。 Raising environmental certification thresholds 。 Implementing EU Taxonomy Technical Screening Criteria on a best effort basis 。 Maintaining existing specific requirements (such as proximity to public transport and "Comité Bail Vert") Portfolio approach - c. €2.5bn portfolio of eligible best-in-class assets to be financed by green instruments • Implementation of a Green Financing Framework, that applies to all types of instruments - bonds, NeuCP, bank loans Alignment of 2021 Green Financing Framework with Green Bond Principles (GBP) and Green Loan Principles (GLP) Green Loan Principles The Green Bond Principles • Second Party Opinion (SPO) provided by Sustainalytics • External Verification of proceeds allocation and eligibility criteria by auditors Impact reporting commitment in line with standards. ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 29 29#30APPENDICES - NEW GREEN FINANCING FRAMEWORK ELIGIBILITY CRITERIA – 2021 GREEN FINANCING FRAMEWORK UPDATE (1/2) - Eligible Project Category 2017 - Green Bond Framework Eligibility Criteria 2021 - Green Financing Framework Eligibility Criteria UN SDGs Contribu tion Green Buildings Buildings must be located at a distance to public transport not exceeding 400 metres (such as public bus, train, tram, metro, river shuttle, private bus shuttle) Buildings must have already existing or planned set up of a Green Lease Committee ("Comité Bail Vert") with its tenants, with a specific action plan regarding energy, carbon, waste and water Investments in construction and/or renovation of Green Buildings located in France that shall meet the eligibility criteria defined below: • HQE Certification (construction or renovation) "Very Good" minimum level and/or ⚫ BREEAM "Very Good" minimum level Acquisition of existing Buildings which meet at least one of the following eligibility criteria: • Buildings that have achieved, or target to achieve environmental certification (New-Build or In-Use) such as: О and/or • BREEAM certification level "Excellent" or better; HQE certification level "Excellent" or better; LEED certification level "Platinum" Buildings built before 31 December 2020 either with an Energy Performance Certificate level (EPC) at least equal to "A" or belonging to the top 15% most energy-efficient buildings of the national building stock and/or • Buildings built after 31 December 2020 with Primary Energy Demand (PED) lower of at least 10% than the relevant national threshold set for nearly zero- energy building (NZEB) requirements Construction of new Buildings which meet at least one of the following eligibility criteria: Buildings targeting to achieve environmental certification (New-Build) such as: О BREEAM certification level "Excellent" or better; HQE certification level "Excellent" or better; LEED certification level "Platinum" and/or Buildings built after 31 December 2020 with Primary Energy Demand (PED) lower of at least 10% than the relevant national threshold set for nearly zero-energy building (NZEB) requirements Refurbishment of existing Buildings which meet at least one of the following eligibility criteria: Buildings targeting to achieve environmental certification (In-Use or Refurbishment) after refurbishment such as: O BREEAM certification level "Excellent" or better; HQE certification level "Excellent" or better; and/or . LEED certification level "Platinum" Buildings that will achieve, after refurbishment a reduction of primary energy demand (PED) of at least 30% or complies with the applicable requirements for major renovations of the EPBD (Energy Performance of Buildings Directive) AFFORDABLE AND CLEAN ENERGY 11 SUSTAINABLE CITIES AND COMMUNITIES ICADE Environmental Objective(s) Substantial contribution to Climate Change Mitigation ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 30#31APPENDICES - NEW GREEN FINANCING FRAMEWORK ELIGIBILITY CRITERIA - 2021 GREEN FINANCING FRAMEWORK UPDATE (2/2) Eligible Project Category 2017 - Green Bond Framework Eligibility Criteria Energy Efficiency Energy efficiency equipment projects with a minimum threshold of 20% energy savings (in kWhPE/sq.m/year) and/or 20% CO₂ emissions reduction (in kg CO₂e/sq.m/year) compared to the current level 2021 - Green Financing Framework Eligibility Criteria UN SDGs Contribu tion SUSTAINABLE CITIES 11 AND COMMUNITIES Investments in individual energy performance improvement measures aiming at improving energy efficiency (such as improvement of insulation, upgrade of windows, smart metering) Renewable Energy Renewable energy production projects which fall under solar (photovoltaic power system, solar thermal energy in urban areas), wind (in urban areas), geothermal energy solutions technologies Investments in installation and operation of new or existing renewable energy production facilities such as: Installation, maintenance and repair of solar photovoltaic and solar thermal energy systems • Installation, maintenance and repair of wind turbines Installation, maintenance and repair of geothermal energy solutions with life-cycle GHG emissions from the generation of electricity lower than 100gCO₂e/kWh Purchase of renewable energy for electricity consumption under medium and long term power purchase agreements (maturity greater than 5 years) Clean Transportation Electric vehicle (EV) charging stations and any infrastructure promoting the use of low- carbon transport solutions in urban areas, such as electric vehicles and bicycles as: Investments related to installation and operation of new or existing low-carbon transport infrastructure such Installation, maintenance or repair of infrastructure promoting the use of low-carbon transport solutions in urban areas (electric vehicles charging stations, bicycle parking, bicycle storage and bicycle lanes) 7 AFFORDABLE AND CLEAN ENERGY 6 INDUSTRIE INNOVATION ET INFRASTRUCTURE ICADE Environmental Objective(s) Substantial contribution to Climate Change Mitigation ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 31#32APPENDICES - NEW GREEN FINANCING FRAMEWORK ANNUAL REPORTING - EXAMPLES OF INDICATORS Eligible Project Category Eligibility Criteria Examples of Output Indicators Examples of Impact Indicators ICADE Environmental objectives Green Buildings Energy Efficiency Renewable Energy • Distance to public transport not exceeding 400m (bus, train, tram, metro, river shuttle, private bus shuttle) • Existing or planned set up of a Green Lease Committee ("Comité Bail Vert") • Alignment with at least one Technical Eligibility Criteria according to Use of Proceeds section of the Framework • Individual energy performance improvement measures • Solar (photovoltaic power systems, and solar thermal) • Wind Geothermal energy solutions • • Purchase of renewable energy (PPA) Type and level of green building certification(s) achieved/targeted • Alignment with the requirements on energy-efficiency for buildings built prior to/after 31 December 2020 (energy consumption, PED, NZEB requirement,...) Energy-efficiency improvement achieved by refurbishment of existing buildings • Average distance to public transport Presence of a Green Lease Committee Leasable floor area with LED lighting (in sq.m/year) • Energy savings after installation/maintenance of new systems • Installed/Purchased capacity (in KW) • Average energy intensity of the Buildings included in the Eligible Green Portfolio (in kWh/sq.m/year) • Avoided CO2 emissions by the Buildings included in the Eligible Green Portfolio (in tCO₂e/year) • Avoided CO2 emissions (in tCO₂e/year) • Avoided CO2 emissions (in tCO₂e/year) Substantial contribution to Climate Change Mitigation Electric vehicle (EV) charging stations • Bicycle parking & storage, bicycle lanes Leasable floor area with electric vehicle (EV) charging stations (in sq.m/year) • Eco-mobility ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 32 32#33APPENDICES - 2021 FULL YEAR RESULTS KEY HIGHLIGHTS Solid 2021 FY results, above expectations... Icade has coped with the Covid-19 crisis and its complex environment We stick to our strategic plan and our focus on ESG The Board is fully committed and fully aligned with management ICADE ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 33#34APPENDICES - 2021 FULL YEAR RESULTS SOLID 2021 INDICATORS PROPERTY INVESTMENT +2.9%, -0.5% LFL (1) €551.2m vs. €535.9m as of 12/31/2020 GROSS RENTAL INCOME (2) +1.4% €4.81 per share vs. €4.74 per share as of 12/31/2020 €361.1m EPRA EARNINGS +3.8%, +0.7% LFL €12.2bn (3) vs. €11.8bn as of 12/31/2020 PORTFOLIO -350 bps LFL 88.1% vs. 92.5% as of 12/31/2020 OFFICE stable 100% vs. 100% as of 12/31/2020 HEALTHCARE FINANCIAL OCCUPANCY RATE PROPERTY DEVELOPMENT +31.8% €985.1m vs. €747.4m as of 12/31/2020 REVENUE (4) +€22m €24.2m vs. €2.5m as of 12/31/2020 NCCF (GROUP SHARE) +20.2% €1.7bn vs. €1.4bn as of 12/31/2020 BACKLOG LIABILITIES -19 bps 1.29% vs. 1.48% as of 12/31/2020 AVERAGE COST OF DEBT STABLE 5.9 years vs. 5.9 years as of 12/31/2020 AVERAGE DEBT MATURITY STABLE 40.1% vs. 40.1% as of 12/31/2020 LTV RATIO (VALUE INCL. DUTIES) New: All P&L indicators presented on a Group share basis GROUP INDICATORS ICADE +7.2% €5.19 per share vs. €4.84 per share as of 12/31/2020 €389.7m GROUP NCCF +6.1% €90.6 per share vs. €85.4 per share as of 12/31/2020 €6.9bn 2021 NCCF at €389.7m, back to pre-crisis level EPRA NDV (1) LFL change for Offices, Business parks and Healthcare GRI (2) Gross rental income presented on a Group share basis. Data on a 100% basis available in the appendices (3) Icade share, excluding duties. Portfolio value on a 100% basis: €15.5bn as of 12/31/2021 vs. €14.7bn as of 12/31/2020 (4) Economic revenue available in the appendices ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 34#35APPENDICES - 2021 FULL YEAR RESULTS 2021 RESULTS WELL ABOVE GUIDANCE AND CONSENSUS 2021 NCCF €390m +8.8% €5.19 per share +7.2% EPRA NAV NDV as of December 2021 €6.9bn +8.6% €90.6 per share +6.1% NCCF significantly above guidance Back to 2019 level Double digit NAV NDV TSR: C.11% Back to pre crisis level +11.0% +6.6% +10.8% 2018 2019 (1.1%) 2020 2021 ◉NNNAV TSR ■ NAV NDV TSR ICADE ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 35#36APPENDICES - 2021 FULL YEAR RESULTS DIVIDEND ABOVE PRELIMINARY ANNOUNCEMENT REFLECTING STRONG NCCF GROWTH Board of Directors' proposal to the General Meeting to be held on April 22, 2022 2021 dividend at €4.20 per share Dividend paid in two instalments: early March and early July (no scrip dividend) 2021 dividend in line with dividend policy +4.7% Growth vs. 2020 81% Conservative 2021 payout ratio Dividend yield 6.7% (based on share price as of 12/31/2021) 6.8% 2021 share price TSR ICADE ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 36#37APPENDICES - Q1 2022 RESULTS Q1 2022: KEY TAKEAWAYS Strong business performance across our 3 business lines ⚫ Office Property Division: nearly stable GRI (€85.7m, +1.4% vs 2021), in a context of dynamic asset rotation • Healthcare Property Division: a still steadily growing GRI (+14.6%) driven by portfolio growth • First positive signs of inflation on index-linked rent reviews: +1.3% effect on Q1, expected to rise for the rest of the year Property Development Division: sales momentum remains strong, economic revenue at €264m, up +6%; . new orders up +28% and notarized sales up +5% vs. Q1 2021 A year 2022 well underway ⚫ Offices: office letting market improving, disposals completed to date: more than €400m YTD (incl preliminary agreement) Healthcare: on going acquisitions in Eurozone, 30% of the investment plan completed to date • Indexation higher than expected • Property Development: Very strong residential demand, manageable costs of construction Continued liability optimisation and expanded use of green finance • Issuance of a €500m green bond, 8 years, 1.0% coupon • Sustainable financial instruments: 35% of total gross debt • Further optimization of Icade Santé's funding structure with the signing of a 5-year €400m RCF and a €300m 12-month bridge-to-bond facility Accelerating our low carbon ambition • 3 business units aligned on a 1.5°C pathway/ a commitment towards SBTi to validate 1.5 C pathway Unchanged priorities - Confirmation of 2022 guidance ICADE ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 37#38APPENDICES - Q1 2022 RESULTS Q1 2022 KEY HIGHLIGHTS - OFFICE PROPERTY INVESTMENT Solid leasing activity Increasing rental income, LfL growth impacted by specific items €85.7m (1) Gross Rental Income (GRI) in group share +1.4% GRI change in Q1 -3.3% LFL change ICADE First positive signs of inflation on index-linked rents reviews 100% +1.2% +2.8% leases linked to indices with a strong inflation component Indexation effect on rents in Q1 2022 Expected full year impact AXA renewal : a strong plus for our rent roll >75,000 sq.m AXA lease renewed for 100% of floor area end Q4 2021 9 years AXA new lease duration 2022 disposal plan well on track: a total of €400m Completion of the sale of the Millénaire 4 building Preliminary agreement for the sale of Gambetta building IF IT IT FIF LE MILLÉNAIRE 4 - Paris 19e 24,600 sq.m ■ Financial occupancy rate: last deliveries are growth potential opportunities c. 87.5% Q1 2022 financial occupancy rate 4.3 years WALB as of March 2022 >75% €186m Probability of renewal / stay Total disposal price for leases expiring in 2022 >10% Equity IRR for the 4 Millénaire disposals Resilient rental income; short term impact on LfL evolution 2022 Disposal plan well on track Improving office letting market GAMBETTA - Paris 20e 20,000 sq.m €219m Total disposal price ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 (1) Offices and Business Parks 38 88#39APPENDICES - Q1 2022 RESULTS Q1 2022 KEY HIGHLIGHTS HEALTHCARE PROPERTY INVESTMENT GRI: Steady growth, mainly driven by international acquisitions, predominance of acute care facilities €52.1m GRI in group share €89.1m on a 100% basis +14.6% Change in rental income as of Q1 2022 +2.1% LFL change 85% Contribution of acute and post acute care ■ First positive signs of inflation on rents indexation +1.4% +3.0% • Continued diversified growth €52m Investments in Q1 €31m in group share 100% leases linked to indices with a strong inflation component Indexation effect on rents in Q1 2022 Expected full year impact PRIVATE HOSPITAL-GRUPPO VILLA MARIA Rapallo, Italy Acquisition (1) of a private hospital in Italy for €22m INO IMO EYE CLINIC Madrid, Spain ~70% Investments abroad ICADE IMO Acquisition of an eye clinic in Spain for €13m IMO ⚫ Unchanged financial occupancy rate, WALB nearly stable vs. Dec. 2021 100% Financial occupancy rate as of March 31, 2022 ~8 years Weighted average unexpired lease term Up +0.7 year vs. March 2021, thanks to the renewal of 10 leases with Ramsay Santé in H2 2021 Limited assets disposal: portfolio optimisation & comforting appraisal values Disposal of 4 facilities for €78m at +10% over appraisal values CLINIQUE MONTAGARD, ELSAN Avignon, France Further growth in rental income and in our European portfolio: >30% of the €3bn investment plan (2021-2025) completed to date, ahead of our roadmap (1) Part of the 3 remaining hospitals to be acquired in 2022 by Icade Santé, further to the preliminary agreement signed in Dec. 2021 with Gruppo Villa Maria to acquire a portfolio of 4 private hospitals in Italy ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 39#40APPENDICES - Q1 2022 RESULTS Q1 2022 KEY HIGHLIGHTS - PROPERTY DEVELOPMENT SUSTAINED BUSINESS MOMENTUM IN Q1 2022 €264m Economic revenue +6% Change vs. Q1 2021 Strong operational indicators Housing orders +28.2% Change in value vs. Q1 2021 Notorized sales +11.8% Change in value vs. Q1 2021 Construction starts +48.3% Change in value vs. Q1 2021 Balanced mix of retail & institutional investors Share of institutional 41% investors in orders ICADE GROWTH POTENTIAL CONFIRMED €1.8bn Backlog €2.9bn Revenue expected from the controlled residential land portfolio (1) €7.7bn Medium term revenue potential (residential and office) (2) Significant innovative project to be developed by Urbain des Bois • Very strong residential demand FERNEY-GENÈVE INNOVATION BUSINESS COMPLEX Lyon, Rhône Manageable increasing construction costs (1) Potential revenue that could be generated from land to be developed under a signed agreement (preliminary agreement or deed of sale) and not yet put in sales (2) On a Group share basis, excluding taxe URBAIN des BOIS 130 units 75% timber €38m revenue ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 40#41APPENDICES - Q1 2022 RESULTS - SOLID AND AGILE TO MANAGE NEW STAKES IMPACT OF INFLATION & ACCELERATING INTEREST RATE INCREASE Revenues and valuations Financing • 100% of leases indexed on CPI related indexes Cap rate of Icade portfolio: Office 5.5%, Healthcare 5.0% → Significant buffer (risk premiums) vs. long-term sovereign interest rates to absorb interest rates increase Low cost of debt: 1.29% / average debt maturity: c. 6 years • Hedging rate 97% as of december 2021, >85% over the next 3 years Positive impact in NAV NDV (debt fair value) • Limited, not to say positive impact for Icade As a reminder real estate is amongst the best hedges against inflation ICADE ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 41#42APPENDICES - Q1 2022 RESULTS. - SOLID AND AGILE TO MANAGE NEW STAKES ICADE, A STRONG CREDIT PROFILE 1 SOLID LONG-TERM SHAREHOLDER STRUCTURE 39.2% by CDC rated Aa2/AA/AA 19.1% by Crédit Agricole Assurances rated A- Caisse des Dépôts GROUPE CRÉDIT AGRICOLE ASSURANCES 3 BALANCED DEBT PROFILE Diversified funding structure Mortgages and real estate finance leases 903 (11.8%) Other 220 (2.9%) Manageable maturity profile Excluding New CP / Including new bond issued in January 2022 and make-whole call exercised in March 2022 Unsecured loans 1,016 (13.3%) Mortgages not granted by financial intermediaries 225 (3.0%) NEU Commercial Paper 834 (10.9%) (1) Including €440m relating to the debt of Tour Egho Data as of 31/12/2021 Bonds 4,429 (58.1%) 35 2022 2023 2024 37 173 305 2025 2026 2027 317 618 148 1 235 114 17 555 2028 Icade SA Icade Santé 2029 605 604 513 18 504 604 23 30 262 2030 2031 2032 2033+ 2 ICADE STRONG LIQUIDITY POLICY • RCFs : €2.0bn ⚫ Cash Holdings: €0.8bn 4 RCFs remained undrawn (even at the peak of the crisis) Liquidity covering nearly 5 years of principal and interest payments CONSERVATIVE HEDGING POLICY >97% At end of 2021 >85% Over the next 3 years ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION 42 JUNE 2022#43APPENDICES - Q1 2022 RESULTS - SOLID AND AGILE TO MANAGE NEW STAKES SOLID DEBT INDICATORS Average debt maturity stable at 5.9 years Very attractive cost of debt (-19 bps vs. 12/31/2020) ICADE 7 1,60% 6 6.4 6.4 O 5.9 1,50% 1.55% 1.54% 5.9 5 1,40% 1.48% 4 1,30% 1.29% 3 1,20% 2 2018 1,10% 2019 2020 2021 2018 2019 2020 2021 Increasing ICR above 6x 6,5x 6,0x - 6.0x 5,5x 5.8x 5.4x LTV ratio incl. duties stable at 40.1% Bank covenant (1) (excl. duties): <60% 60,0% O 6.0x 50,0% 40,0% 40.1% 40.1% 37.9% 38.0% 30,0% 5,0x 4,5x 20,0% 4,0x 2018 2019 2020 2021 2018 2019 • Lowering the cost of debt while keeping the average debt maturity stable Stable LTV at 40.1% in a better performing market (resilient valuations) (1) Covenant at 60% since Q4 2020 2020 2021 Strong investment grade profile with credit rating of Icade and Icade Santé BBB+, stable outlook 43#44APPENDICES - CSR STRATEGY AND OTHER CSR ISSUES GOVERNANCE STRUCTURE MEETING THE BEST STANDARDS 15 members Governance in line with the Afep-Medef Code Board of Directors 40% of women 1/3 of independent directors 4 specialised committees, 3 of them chaired by independent directors 1 independent Vice-Chairwoman ICADE ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 44#45APPENDICES - CSR STRATEGY AND OTHER CSR ISSUES A CSR POLICY MANAGED BY A HIGH LEVEL OF GOVERNANCE Icade's CSR & Innovation organisation BOARD OF DIRECTORS ICADE INNOVATION AND CSR COMMITTEE 3 directors Oversees COMMITTED COMMITTEE External stakeholders 3 Experts Advises and guides EXECUTIVE COMMITTEE A member in charge of CSR and Innovation CSR DEPARTMENT Defines the strategy 7 employees Manages and coordinates INNOVATION DEPARTMENT 5 employees 3 graduate students Manages and implements CSR COMMITMENTS INVOLVE THE ENTIRE MANAGEMENT STRUCTURE AND ARE INCORPORATED IN THE COMPANY'S OVERALL STRATEGY, WITH INNOVATION AS A CROSS-CUTTING ISSUE: • 10% of ExCo members' variable remuneration is based on CSR objectives 82% of managers and 55% of employees have an individual CSR and innovation objective 96% of employees received CSR training or were made aware of CSR issues ⚫ CSR objectives as a selection criteria for the Commitments Committees An Innovation Commitments Committee with a budget of €1.7m/year, supporting CSR objectives 4 DIVISIONAL COMMITTEES 17 CSR divisional representatives Lead and implement ALL EMPLOYEES ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 45#46APPENDICES - ICADE'S LOW-CARBON STRATEGY: ALIGNING WITH A 1.5°C PATHWAY ICADE'S CARBON FOOTPRINT: ENLARGED SCOPE TO COMPLY WITH SBTI Icade's SBTI commitment and reporting scope in 2019 PROPERTY DEVELOPMENT - ENERGY 143,289 †CO2 from the energy consumed during the operation of the building sold over a 50-year horizon OFFICE PROPERTY INVESTMENT 5% 26,476 +CO2 from energy consumption by tenants Scopes 1, 2 and 3 PROPERTY DEVELOPMENT- REPLACEMENT OF BUILDING MATERIALS 84,231 +CO2 from the replacement of building materials over a 50-year horizon for buildings sold 578,734 tonnes of CO2 PROPERTY DEVELOPMENT - TOTAL 84% 487,019 †CO2 Scope 3 PROPERTY DEVELOPMENT - CONSTRUCTION 259,499 +CO₂ from building construction (materials, refrigerants, transport, on-site waste) ICADE'S ANNUAL CARBON FOOTPRINT IN 2019 HEALTHCARE PROPERTY INVESTMENT 11% 62,618 +CO2 from energy consumption by healthcare facility operators Scope 3 CORPORATE <1% 2,621 †CO2 from energy consumption by buildings occupied 00 00 by Icade and by business travel and employee commuting Scopes 1,2,3 SCOPES 1 & 2 1.3% 7,631 CO₂ SCOPE 3 98.7%-571,103 +CO2 ICADE ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 46#47APPENDICES - CSR STRATEGY AND OTHER CSR ISSUES CSR COMMITMENTS (1/6) Indicators Commitments Scope LOW-CARBON TRANSITION AND PRESERVATION OF RESOURCES ICADE Results Base year 2019 2020 2021 Objectives Time horizon Progress Reduction in carbon intensity between 2015 and 2025 (in kg CO₂/sq.m/year) 2015 -27% -40% -30% -45% 2025 Office Property Investment Reduction in energy intensity between 2015 and 2025 (in kWhpe/sq.m/year) 2015 -17% -28% -24% -30% 2025 Proportion of renewable energy in the energy mix 29% 41% 56% 50% 2025 Gradually adapting the portfolio by making it more resilient in the face of climate change and including a climate risk assessment in the asset acquisition policy In progress In progress In progress Achieved 2022 1. SPEEDING UP Reduction in carbon intensity between 2019 and 2030 (in kg Co₂/sq.m/year) in France THE TRANSITION TO A 1.5°C PATHWAY Obtaining the E+C- label for pilot projects in France Healthcare Property Investment Proportion of the portfolio in France whose vulnerability to climate change has been assessed 2019 N/A -5% -2% -37% N/A N/A Achieved Achieved 2021 to 2025 N/A N/A 100% 100% 2021 to 2025 2030 Proportion of the assets most exposed to climate risks (with priority given to risks related to inland and coastal flooding) for which adaptation measures have been implemented N/A N/A 0% 100% 2030 Property Development Proportion of offices over 5,000 sq.m bearing the E+C-label with an E2C1 rating 33% 50% 50% 100% 2022 Proportion of homes bearing the E+C- label with an E2C1 rating 4% 6% 36% 50% 2022 Objective achieved Objective partially achieved In progress N/A Not Applicable ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 47#48APPENDICES - CSR STRATEGY AND OTHER CSR ISSUES CSR COMMITMENTS (2/6) Commitments Scope Indicators LOW-CARBON TRANSITION AND PRESERVATION OF RESOURCES BIODIVERSITY 2. PRESERVING AND PROMOTING NATURE IN CITIES Office Property Investment Proportion of business parks covered by the EcoJardin label Proportion of business parks with a net positive impact on biodiversity Office and Healthcare Investment Property Proportion of land area developed by the Property Investment Divisions in France as part of new-build projects which is offset by funding the restoration of an equivalent area of natural habitat Development Proportion of new builds with a net positive impact on biodiversity Office Property Investment Proportion of controlled operational waste that is recycled or recovered 3. INTEGRATING THE PRINCIPLES OF A CIRCULAR ECONOMY INTO PRODUCTS AND SERVICES ICADE Results Base year 2019 2020 2021 Objectives Time horizon Progress 100% 100% 100% 100% 2020 to 2022 100% 100% 100% 100% 2019 to 2022 100% 100% 100% 100% 2019 to 2022 36% 33% 46% 25% 2020 to 2022 72% 77% 89% 100% 2020 to 2022 Proportion of renovations over 1,000 sq.m covered by a reuse process Reduction in building water consumption (in m³/sq.m/year) N/A N/A 100% 100% 2021 to 2022 2015 -17% -36% -36% -25% 2022 Healthcare Property Investment Proportion of refurbishments over 2,000 sq.m for which tenants have been given the option to implement a reuse process in France N/A 100% N/A 100% 2021 to 2025 N/A Proportion of demolitions over 5,000 sq.m that include a reuse process 67% N/A 100% 100% 2020 to 2022 Property Development Integrate solutions to improve water management into residential and office projects N/A Achieved Achieved Achieved 2020 to 2022 Objective achieved Objective partially achieved In progress N/A Not Applicable ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 48 48#49APPENDICES - CSR STRATEGY AND OTHER CSR ISSUES CSR COMMITMENTS (3/6) Commitments Scope Indicators LOW-CARBON TRANSITION AND PRESERVATION OF RESOURCES 4. INTEGRATING THE BEST CERTIFICATION AND LABELLING STANDARDS Office Property Investment Proportion of ISO 14001-certified business parks Rate of annual increase in office floor area with in-use certification Healthcare Property Investment Proportion of new-build projects over 4,000 sq.m with environmental certification with a minimum rating (HQE Very Good, BREEAM Very Good, LEED Silver or DGNB Silver) ICADE Results Base year 2019 2020 2021 Objectives Time horizon Progress 20% 6% 6% 5% 2019 to 2022 100% 100% 100% 100% 2019 to 2022 N/A 100% 100% 100% 2021 to 2025 Proportion of new homes with environmental certification Property Development Proportion of new offices with environmental certification 28% 35% 41% 35% 2019 to 2022 83% 80% 83% 100% 2019 to 2022 Proportion of business parks and offices equipped with charging stations for electric vehicles 90% 97% 100% 100% 2019 to 2022 Office Property Investment Proportion of business parks and offices having implemented at least one ecomobility solution in addition to charging stations for electric vehicles 49% 56% 92% 100% 2021 to 2022 5. DEVELOPING SUSTAINABLE MOBILITY SOLUTIONS Healthcare Property Investment Conduct mobility audits on healthcare facilities in France N/A N/A N/A Achieved 2022 to 2025 Property Proportion of new projects located less than a five-minute walk from public transport 79% 75% 93% 75% 2019 to 2022 Development Proportion of new office and residential developments including N/A 100% 100% 100% 2020 to 2022 a sustainable mobility solution Objective achieved Objective partially achieved In progress N/A Not Applicable ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 49#50APPENDICES - CSR STRATEGY AND OTHER CSR ISSUES CSR COMMITMENTS (4/6) Commitments Scope Indicators ICADE Base year 2019 Results 2020 2021 Objectives Time horizon Progress OCCUPANTS' WELL-BEING, SUPPORT FOR NEW HABITS AND LIFESTYLES AND A STRONG LOCAL FOOTPRINT Property Proportion of projects with construction costs over €4 million including Development professional integration commitments 1. CONTRIBUTING TO TERRITORIAL COHESION AND INCLUSION Office Property Investment Healthcare Property Investment Number of local community partnerships in business parks 2019 25 24 Implement a patronage policy around the theme of "living well in healthcare facilities" 30 Upward 2022 N/A N/A In progress Achieved 2022 to 2025 N/A N/A 74% 60% 2021 to 2022 Icade Compiling a catalogue of solutions to measure and manage indoor air quality and fostering communication with users In progress In progress Achieved Achieved 2019 to 2022 Proportion of main business parks having the "Business Park of Excellence" proprietary label 100% 100% 100% Tenant Net Promoter Score (NPS) N/A N/A >0 100% Upward 2019 to 2022 Office Property Investment Proportion of new-build leases including an "e-clause" N/A 23% N/A 90% 2022 2020 to 2022 Ò N/A Proportion of multi-tenant buildings over 15,000 sq.m having benefited from an air quality assessment 91% 92% 100% 100% 2022 Ö N/A N/A In progress 100% 2022 Ō 2. IMPROVING OCCUPANTS' Achieved Achieved Achieved Achieved 2019 to 2022 WELL-BEING AND ENHANCING CUSTOMER RELATIONS Healthcare Property Investment Property Proportion of controlled assets whose air quality has been mapped Conduct audits on healthcare facilities to adapt real estate solutions to help operators address changing medical practices in France Proportion of nursing home investment projects in France in which the framework established by the Quality of Life in Nursing Homes Charter has been used Proportion of HQE-certified projects over 4,000 sq.m with a minimum rating of "Efficient" in the air quality category of this certification Proportion of major new-build projects (over 4,000 sq.m) developed using BIM in France Buyer Net Promoter Score (NPS) on project completion Proportion of new homes which are smart and/or connected Development Proportion of new offices and homes developed using BIM Proportion of residential development projects including measures to improve indoor air quality N/A 100% 100% 100% 2020 to 2022 N/A N/A 100% 100% 2021 to 2025 N/A N/A 73% 70% 2022 to 2025 N/A > 0 > 0 > 0 2020 to 2022 100% 100% 100% 100% 2019 to 2022 34% 56% 45% 100% 2022 85% 77% 99% >75% 2019 to 2022 Objective achieved Objective partially achieved In progress N/A Not Applicable ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 50#51APPENDICES - CSR STRATEGY AND OTHER CSR ISSUES CSR COMMITMENTS (5/6) Commitments Scope Indicators ICADE Results Base year 2019 2020 2021 Objectives Time horizon Progress OCCUPANTS' WELL-BEING, SUPPORT FOR NEW HABITS AND LIFESTYLES AND A STRONG LOCAL FOOTPRINT Office Proportion of floor area covered by a regulatory green lease clause Property Investment Proportion of floor area covered by green lease committees 3. SUPPORTING THE CSR EFFORTS OF CUSTOMERS Healthcare Property Investment Proportion of healthcare and nursing home operators covered by CSR & Innovation committees Property Proportion of buyers having access to an e-learning module on eco- Development friendly practices and the buildings' proper handling 4. REINFORCING Icade OUR RESPONSIBLE PROCUREMENT POLICY AND SUPPLIER RELATIONSHIPS Office Property Investment 5. ENSURING BUSINESS Icade ETHICS Rate of increase in procurement from the sheltered work sector Integrate CSR criteria into the procurement process Include the Responsible Procurement Charter in 100% of new service provision contracts for the Office Property Investment Division, 100% of construction contracts for the Healthcare Property Investment Division and 100% of the new-build construction projects of the Property Development Division (excluding jointly developed projects) Proportion of the main service providers evaluated on CSR criteria Proportion of employees identified as “at risk” who received training in the fight against fraud, corruption, money laundering and the financing of terrorism (AML-CFT) Proportion of employees identified as being the most "at risk" who received training in the best practices for personal data protection 96% 98% 91% 100% 2019 to 2022 100% 100% 100% 100% 2019 to 2022 Starting N/A 92% 94% 70% in 2021 N/A 100% 100% 100% 2020 to 2022 2018 -3% 70% 282% 350% 2022 Achieved Achieved Achieved Achieved 2019 to 2022 Partially achieved Achieved Achieved Achieved 2019 to 2022 100% 100% 100% 100% 2019 to 2022 89% 97% 93% 90% 2020 and 2021 94% 97% 100% 100% 2022 Objective achieved Objective partially achieved In progress N/A Not Applicable ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 51#52APPENDICES - CSR STRATEGY AND OTHER CSR ISSUES CSR COMMITMENTS (6/6) Commitments Scope Indicators EMPLOYEE SKILLS DEVELOPMENT, WORKPLACE WELL-BEING AND DIVERSITY ICADE Results Base year 2019 2020 2021 Objectives Time horizon Progress Proportion of employees who received training 92% 97% 100% 90% 2019 to 2022 Proportion of positions filled internally 25% 36% 21% 25% 2019 to 2022 1. DEVELOPING EMPLOYEE SKILLS, AGILITY Icade AND ENGAGEMENT Proportion of eligible employees who received job-specific training Proportion of managers who received training in the role of Positive Energy Manager (MEPOS) 53% 100% 100% 90% 2019 to 2022 N/A N/A 48% 90% 2020 Proportion of employees given the opportunity to participate in community activities 100% 100% 100% 100% 2019 to 2022 2. IMPROVING THE QUALITY OF WORKING LIFE AND PROMOTING WELL-BEING Icade Implementation of an action plan for each team having identified areas for improvement during the Wittyfit campaigns which assessed workplace well-being In progress In progress Achieved Achieved 2019 to 2022 Proportion of women managers 31% 34% 36% 34% 2022 3. PROMOTING Proportion of permanent positions filled externally by people under the age of 26 16% 10% 17% 18% 2020 to 2022 DIVERSITY Icade IN ALL ITS FORMS Proportion of work-study trainees in the workforce Proportion of employees over the age of 55 4% 7% 8% 5% 2020 to 2022 15% 19% 19% 16% 2019 to 2022 Objective achieved Objective partially achieved In progress N/A Not Applicable ODDO SUSTAINABILITY FORUM INVESTOR PRESENTATION JUNE 2022 52 52