Investor Presentaiton
ICADE 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)
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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
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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
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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
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