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Investor Presentaiton

APPENDICES - 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
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