Investor Presentaiton

7 Well Balanced Lease Expiry Profile with >5-Year WAULT Maintained Over Time 6.0 year WAULT (1) as of December 2020 and Institutional Leases Underpinning Quality & Stability of Rental Income Lease Rollover / Expiring GLA Breakdown (2) k sqm - as of December 2020 323 314 2021 487 Euro-Denominated Institutional Leases on International Standards Duration/ First Break • 10 years (average) / after 7 years or no break 648 621 Indexation mechanism • Guarantee Insurance • Maintenance Capex 2022 2023 2024 2025 Source: Company Information Notes: 1. 2. Weighted average unexpired lease term Calculated as Total expiring GLA per year divided by Total GLA of Logistics / Industrial portfolio in December 2020 • Standard CTP lease = 1.5-2% annual escalation CPI indexation in some leases on assets acquired from third parties Parent Company or Bank guarantee Parent Guarantee - no limit/full rent till expiry Bank Guarantee - 6/12 month rent . Owner covers the property Tenant covers its own business and equipment Tenant to cover day-to-day maintenance / repairs of the building interior, safety checks, revisions Owner is responsible for structural repairs of buildings • Major buildings repairs and capex covered by owner. Annual capex spent on existing buildings represents c.3.2% of GRI (Dec-20) ctp

View entire presentation