Investor Presentaiton slide image

Investor Presentaiton

Introduction Historical financials . • Due to the restructuring of CTP Group and in connection with Remon Vos acquiring ownership interests in the Group from the estate of his late partner, the Group declared in 2018 exceptional dividends totaling €761 MM of which €196 MM was paid out in cash Full year 2019 combined financials of CTP B.V. and Sub-group CTP Invest are currently the latest reported audited financials •FY20 audited financials will be made available by mid-March Accounting policies and definitions • Rental income represents income from lease of premises to tenants recognised in the statement of comprehensive income on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income Service charge income represents income from services other than lease of premises provided to the tenants as an integral, but separately identifiable, part of lease contracts • Gross rental income refers to rental income and service charge income for the relevant period • • · Property operating expenses represent the net costs of running and maintaining the building, including insurance premiums, utilities, property taxes, repair costs Fair value of investment properties is appraised annually by independent experts Jones Lang LaSalle, s.r.o. ("JLL"), qualified for the purposes of valuation in accordance with the Royal Institute of Chartered Surveyors Valuation - Global Standards (incorporating the International Valuation Standards) - January 2020 (Red Book) Restructuring refers to the CTP Property Sub-Group transfer to the Company on 31 October 2019 and the CTP Invest Sub-Group transfer to the Company on 27 January 2020 in order to form the Group Disposal to Deka Immobilien in 2018 Source: Company information . • On 25 October 2018, CTP entered into a 10-year strategic partnership with Deka Immobilien involving the disposal of three prime industrial parks in the Czech Republic - CTPark Plzeň, CTPark Prague North and CTPark Teplice. Deka acquired the ownership stakes in the parks with CTP continuing to manage and operate the portfolio under the CTPark network brand The contribution from this transaction has an impact of €18.2 MM on the rental income in FY 2018 IFRS statement • FY 2018 Group rental income adjusted for the Deka transaction would amount to €158 MM vs. €176 MM ctp
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