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Investor Presentaiton

9 Secure Financial Profile with Investment Grade Ratings from ctp S&P and Moody's €5.7 Bn Freehold Portfolio + Solid Cash Flow Generation + Tenant-Led Development Strategy Note: ~100% freehold assets <9 year average age 94% occupancy 6.0 years WAULT 6.3% yield Prudent Approach to Leverage Robust credit metrics Net LTV (%) €400 MM total exceptional dividends paid in Dec-18 to Jun-19 in connection with R. Vos acquiring the ownership interests in CTP from the estate of his late partner 50% 2019A 50% Sept-20A + Profits reinvested in the business • Low dividend payout Steady increase in shareholders' equity(1) €Bn €400 MM total exceptional dividends paid in dec-18 to jun-19 in connection with R. Vos acquiring the ownership interests in CTP from the estate of his late partner High quality landbank (5% of total GAV) Controlled development: only €190 MM committed development capex (~3% of total GAV) • • • 2.3 2.5 2.7 2.1 1.7 1.4 1.7 1.9 2.0 2.2 2016A 2017A 2018A 2019A Sept-20A Reported Before deduction of DTL 85% of new business from existing clients in H1 2020 Sustainable Debt Maturity Profile No material short-term maturities Amortizing debt Proven access to long-term funding / lending relationships + Strategic objective to gradually diversify funding sources by accessing the public credit markets as an investment grade issuer in 2020 and maintain financial policy consistent with Investment Grade rating CTP current ratings: Current Debt Repayment Schedule ЄMM CZ Facility: End of early prepayment penalty in June 2022 1,207 781 592 343 160 141 137 4 14 36 '21 22 23 24 '25 '26 '27 '28 '29 '30 S&P Global Ratings BBB- (Stable Outlook) Baa3 MOODY'S (Stable Outlook) 1. Shareholders' equity in 2018 is pro forma to include only external and cash dividends to be paid as of December 2019, which incorporated €36MM to CTP Invest CZ shareholders, €195MM to CTP CEE Properties to CTP Holding BV and annual profit of €366MM and €2.0MM other equity components
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