Investor Presentaiton
Overview of stakeholders complexity in the context of relocation
Indicator
Total Assets (€m)
Investment Property (€m)
NEPI Rockcastle
Compelling drivers for migration to the Netherlands
6,598
Largest listed company in CEE retail real estate
5,842
Pure direct retail property investment company
Cash & Cash Equivalent (€m)
499
RCF's (€m)
Liquidity (€m)
620
Strong cash position looking to be deployed into accretive investment opportunities
NEPI Rockcastle achieved one of the highest committed RCF capacities amongst CEE
real estate companies
1,119
Strong liquidity as cash balances and cash and revolving credit facilities
Outstanding Bonds (€m)
2,000
Frequent issuer in the Eurobond market with supportive bond investor base
LTV
Unencumbered Assets
Credit Rating
Avg Cost of Debt
30.9%
91%
BBB stable (S&P) /
BBB positive (Fitch)
2.4%
LTV within the target range of 35% that satisfies an optimum balance between risk
and return
NEPI Rockcastle's strategic steering of funding policy from secured to unsecured
financing lead to high percentage of assets unencumbered
Investment grade credit rating company
Competitive cost of debt
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