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Investor Presentaiton

9 Continued Strength in Business throughout the Pandemic; Attractive New Leases and Renewals and Strong Rent Collection Recent Performance - Key Highlights (9M ended 30 September 2020) Financial Performance (9 months to Sept 2020) Like-for-like gross rental income¹ growth for the 9 months year-on-year was +1.5% • 2020 YTD gross rental income1 (excluding hotel operations) increased to €227.8 MM • • 2020 YTD adjusted EBITDA2 increased to €175.3 MM GAV increased to €5.64 billion as of 30 September 2020 • Net LTV was stable at 50% as of 30 September 2020 • Rental collections stable at ~98% in 2020, similar to 98% in 2019 Portfolio Performance (full year) • • . • • • Occupancy rate stable at 94% as of 31 December 2020, compared to 95% as of 31 December 2019 At the end of Q4 2020, 585k sqm of developments were delivered — 740k sqm for 2021 delivery already under construction, of which 63% pre-let WAULT increased to 6.0 years as of 31 December 2020 from 5.4 years as of 31 December 2019 New rental activity showed strong momentum with new long-term rentals of 1,175k sqm of gross leasable area in 2020, compared to 1,143 in 2019 Robust tenant retention rate at 92% for 2020, compared to 83% in 2019 Proportion of BREEAM certified properties as part of total portfolio of income producing properties reached 99% by 31 December 2020 (was >80% per 30 June 2020) EMTN Programme Update • €4 Bn EMTN Programme set-up in September 2020 - €650 MM and €400 MM unsecured green bonds raised in October / November 2020 Investment grade rating: BBB- from S&P and Baa3 from Moody's Source: Company information Notes: 1. Gross rental income refers to rental income and service charge income for the relevant period 2. Adjusted EBITDA is defined as EBITDA adjusted for other non-operating income, non-recurring income from development activities and non-recurring other income. ctp
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