Slide 1: 5th quarter results 2019/2020
5th quarter results 2019/2020 Brussels, 13 November 2020 -1-
Slide 2: Table of contents
Table of contents > Highlights Q5 2019/2020 > Strategy > Achievements > Portfolio analysis > Financials > Shares & shareholders > Outlook > Conclusion -2-
Slide 3: Highlights Q5 2019/2020
Highlights Q5 2019/2020 Wolfsbos Hoogeveen – The Netherlands -3-
Slide 4: Highlights Q5 2019/2020 (1)
Highlights Q5 2019/2020 (1) > Rental income: €47.3 million (Q5), +35% YoY €210.8 million (over 15 months) > Real estate portfolio of €3.5 billion, +52% compared to the end of the previous financial year (30/06/2019) > 2nd framework agreement with Specht Gruppe for the development of 10 care campuses
Slide 5: Highlights Q5 2019/2020 (2)
Highlights Q5 2019/2020 (2) > 473 healthcare sites comprising ~33,000 units in 6 countries − €1,086 million in Belgium (79 sites) − €628 million in the United Kingdom (97 sites) − €617 million in the Germany (71 sites) − €574 million in the Finland (164 sites) − €447 million in the Netherlands (59 s
Slide 6: Investment activity
Investment activity New acquisitions 24 healthcare sites (~ €355 million) added or announced during Q5 Name Type Location Date Investment Pipeline Gross rental Completion Lease Operator (€ million) 1 (€ million) 2 yield (approx. %) Belgium 39 - Klein Veldekens Acquisition Geel 9/07/2020 39 - 4.5% -
Slide 7: Investment activity
Investment activity Pipeline completions 14 projects (~ €65 million) completed during Q5 Name Type Location Date Investment Gross rental Lease Operator (€ million) 1 yield (approx. %) Germany 21 Seniorenquartier Beverstedt Development Beverstedt 15/07/2020 10 5.5% 30 yrs - NN EMVIA Living Pflegecamp
Slide 8: Investment activity
Investment activity After 30 September 2020 (As of 13 November 2020) Acquisition of 2 care homes and completion of 1 care residence since 30 September 2020 Name Type Location Date Investment Gross rental yield Lease Operator (€ million) (approx. %) Belgium 36 Familiehof Acquisition Schelle 01/10/202
Slide 9: Portfolio outlook: 2nd framework agreement with Specht Gruppe
Portfolio outlook 2nd framework agreement with Specht Gruppe > Specht Gruppe will develop 10 additional care campuses in Germany − Total investment of approx. €200 million − 10 campuses with a capacity for 1,260 residents − Initial gross rental yield of approx. 5% − Master lease with Specht Gruppe,
Slide 10: Portfolio outlook: total €4.2 billion
Portfolio outlook Total portfolio outlook: €4.2 billion (As of 13 November 2020) €m 4,500 +783 +36 4,174 4,000 3,500 3,362 -7 3,000 2,500 2,000 1,500 1,000 500 0 Marketable investment Assets classified as held for Committed investments in Acquisitions after 30/09/2020 Portfolio outlook properties 1
Slide 11: Strategy
Strategy Seniorenheim am Dom Halberstadt - Germany -11-
Slide 12: Aedifica
Aedifica > Belgian REIT (RREC/SIR/GVV) − Market cap ~ €3.2 billion − Free float of 100% − Marketable investment properties ~ €3.4 billion − Pipeline ~ €783 million − WAULT ~ 19.5 years > Market reference in European listed healthcare real estate > Growth potential > Expertise > Diversification − 6 E
Slide 13: Exploring European markets
Aedifica Exploring European markets > Track record of entering new markets & rapidly creating a platform for future growth 2013 – Germany 2019 – United Kingdom 1st investment in June 2013: €8m 1st investment in February 2019: €503m Current portfolio: €617m (71 assets) Current portfolio: €628m (97 as
Slide 14: Demographic evolution
Demographic evolution Ageing in Belgium Ageing in Germany Source: Belgian Federal Planning Bureau, 2018. Source: Statistisches Bundesamt (Deutschland), 2015. Ageing in the Netherlands Ageing in the United Kingdom Source: Centrale Bureau voor de Statistiek, 2016. Source: Office for National Statistic
Slide 15: Demographic evolution
Demographic evolution Ageing in Finland Ageing in Sweden 40% 40% 35% 35% 30% 30% 65 + 65 + 25% 25% 70 + 70 + 20% 20% 75 + 75 + 15% 80 + 15% 80 + 10% 85 + 10% 85 + 5% 5% 0% 0% 2015 2020 2030 2040 2050 2060 2015 2020 2030 2040 2050 2060 Source: Statistics Finland, 2018. Source: Statistics Sweden, 2017
Slide 16: Achievements
Achievements De Kaap Hoogeveen - Netherlands -16-
Slide 17: Achievements: investment properties since 2006
Achievements Investment properties1 Evolution since 2006 €m 4,500 4,174 4,000 3,508 3,500 3,366 3,000 CAGR: 27 % (as of 30 September 2020) 2,500 2,321 2,000 1,741 1,545 1,500 1,157 1,005 1,000 785 593 643 518 500 356 435 252 347 111 0 June June June June June June June June June June June June June
Slide 18: Achievements: focus on Europe
Achievements Focus on Europe Geographical breakdown (fair value)1 100% >0 >0 >0 5 2 9 12 12 13 15 15 16 16 14 80% 17 14 13 14 23 60% 19 19 16 17 100 95 88 86 19 19 40% 77 26 70 20% 45 28 33 33 0% Belgium Germany United Kingdom Netherlands Finland Sweden 1 Marketable investment properties incl. asset
Slide 19: Portfolio analysis
Portfolio analysis Children day-care centre Oulu - Finland -19-
Slide 20: Healthcare real estate: focus on housing for seniors
Healthcare real estate Focus on housing for seniors (As of 30 September 2020) > Healthcare segment breakdown 5% Elderly care homes 8% Senior housing 14% Mixed-use healthcare buildings 6% Children day-care 68% centres Other Marketable investment properties incl. assets classified as held for sale (€3
Slide 21: Portfolio: geographical breakdown
Portfolio (As of 30 September 2020) > Geographical breakdown >0% Belgium 16% Germany 33% Netherlands United Kingdom 19% Finland Sweden 13% 19% Marketable investment properties incl. assets classified as held for sale (€3,317 m), excl. rights of use of plots of land. -21-
Slide 22: Belgian healthcare portfolio
Belgian healthcare portfolio (As of 30 September 2020) > Senior housing portfolio of 79 assets: − Capacity for approx. 8,000 residents − Total fair value of approx. €1,086 m − Yield on fair value of 5.4% − Triple net long leases − Typical lease maturity: 27 years − 13 tenant groups: Senior Living Gr
Slide 23: Belgian healthcare portfolio
Belgian healthcare portfolio (As of 30 September 2020) Marketable investment properties Development projects -23-
Slide 24: Belgian healthcare portfolio
Belgian healthcare portfolio Residentie Sporenpark, Residentie Kartuizehof, Beringen Lierde • 127 units • 128 units Leopoldspark, Hof van Schoten, Leopoldsburg Schoten • 150 units • 101 units -24-
Slide 25: German healthcare portfolio
German healthcare portfolio (As of 30 September 2020) > Senior housing portfolio of 71 assets: − Capacity for more than 6,000 residents − Total fair value of approx. €617 m − Yield on fair value of 5.8% − Double net long leases − Typical lease maturity: 20 - 25 years − 19 tenant groups: Vitanas, EMV
Slide 26: German healthcare portfolio
German healthcare portfolio (As of 30 September 2020) Marketable investment properties Development projects -26-
Slide 27: German healthcare portfolio
German healthcare portfolio Seniorenquartier advita Haus Zur Lübbecke, Alten Berufsschule, Lübbecke Zschopau • 80 units • 127 units Zur alten Linde, Haus Steinbachhof, Rabenau Chemnitz • 82 units • 151 units -27-
Slide 28: Dutch healthcare portfolio
Dutch healthcare portfolio (As of 30 September 2020) > Senior housing portfolio of 59 assets: − Capacity for more than 2,200 residents − Total fair value of approx. €447 m − Yield on fair value of 5.7% − Mostly triple net long leases − Typical lease maturity: 15 - 20 years − 18 tenant groups: Sticht
Slide 29: Dutch healthcare portfolio
Dutch healthcare portfolio (As of 30 September 2020) Marketable investment properties Development projects -29-
Slide 30: Dutch healthcare portfolio
Dutch healthcare portfolio Huize Groot De Statenhof, Waardijn, Leiden Tilburg • 79 units • 26 units Huize De De Vecht, Compagnie, Hoogeveen Ede • 79 units • 42 units -30-
Slide 31: UK healthcare portfolio
UK healthcare portfolio (As of 30 September 2020) > Senior housing portfolio of 97 assets: − Capacity for more than 6,300 residents − Total fair value of approx. €628 m − Yield on fair value of 6.8% − 15 tenant groups: Maria Mallaband Care Group, Bondcare Group, Burlington, Care UK, Renaissance Care
Slide 32: UK healthcare portfolio
UK healthcare portfolio (As of 30 September 2020) Marketable investment properties -32-
Slide 33: UK healthcare portfolio
UK healthcare portfolio Richmond Manor, Minster Grange, Ampthill York • 69 units • 83 units Coplands, London • 79 units Highfield, Castleford • 88 units -33-
Slide 34: Finnish healthcare portfolio
Finnish healthcare portfolio (As of 30 September 2020) > Senior housing portfolio of 164 assets: − Capacity for more than 10,400 persons − Total fair value of approx. €574 m − Yield on fair value of 5.6% − 29 tenant groups − Inflation-linked double net leases − Committed development pipeline of appr
Slide 35: Finnish healthcare portfolio
Finnish healthcare portfolio (As of 30 September 2020) Marketable investment properties Development projects -35-
Slide 36: Finnish healthcare portfolio
Finnish healthcare portfolio Children day-care Children day-care centre, Oulu centre, Espoo • 120 units • 120 units Elderly care home, Elderly care home, Kajaani Heinola • 30 units • 41 units -36-
Slide 37: Swedish healthcare portfolio
Swedish healthcare portfolio (As of 30 September 2020) > Senior housing portfolio of 3 assets: − Capacity for 152 persons − Total fair value of approx. €10 m − Yield on fair value of 5.7% − 3 tenant groups: British mini, Team Oliva & Alternatus − Inflation-linked double net leases − Opportunities fo
Slide 38: Swedish healthcare portfolio
Swedish healthcare portfolio (As of 30 September 2020) Marketable investment properties Development projects -38-
Slide 39: Swedish healthcare portfolio
Swedish healthcare portfolio LSS-boende Heby, LSS-boende Gråmunke , Heby Uppsala • Completed in • Completed in April 2020 March 2020 • 6 units • 6 units Eskilstuna Mesta, Eskilstuna • Preschool • Completed in August 2020 -39-
Slide 40: Healthcare real estate tenants
Healthcare real estate tenants Tenant diversification1 > 473 sites with approx. 210 tenants (or >100 ‘groups’)1 representing European, national and local profit and not-for-profit operators > No ‘operator group’ leases more than 15% of Aedifica’s consolidated assets Korian 14% Colisée Orpea 8% Vulpi
Slide 41: Lease maturity & occupancy rate
Lease maturity & occupancy rate (As of 30 September 2020) Unexpired lease term Weighted average unexpired lease term 19.5 years 25% <15 years Occupancy rate 100 % ≥15 years 75% < 15 years ≥ 15 years 92% Marketable investment properties incl. assets classified as held for sale (€3,317 m), excl. right
Slide 42: Age of buildings
Age of buildings (As of 30 September 2020) 5% 5% 0-10 years 20% 10-20 years >20 years Project 70% Marketable investment properties incl. assets classified as held for sale (€3,317 m), excl. rights of use of plots of land. -42-
Slide 43: Gross yields on fair value
Gross yields on fair value (As of 30 September 2020) 7 6.8 6 5.8 5.7 5.7 5.8 5 5.4 5.6 4 3 2 1 0 Belgium Germany Netherlands United Kingdom Finland Sweden Average -43-
Slide 44: Portfolio growth: development projects (1)
Portfolio growth Development projects as of 30 September 2020 (1) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 30/09/2020 invest. Projects in progress 451 126 325 Completion 2020 58 50 8 BE 7 5 2 Kasteelhof Senior Living Group 3 2 1 Résidence Aux Deux Parcs
Slide 45: Portfolio growth: development projects (2)
Portfolio growth Development projects as of 30 September 2020 (2) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 30/09/2020 invest. Projects in progress 451 126 325 Completion 2020 58 50 8 Completion 2021 310 74 236 BE 9 4 5 De Duinpieper Dorian groep 3 2 0 So
Slide 46: Portfolio growth: development projects (3)
Portfolio growth Development projects as of 30 September 2020 (3) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 30/09/2020 invest. Projects in progress 451 126 325 Completion 2020 58 50 8 Completion 2021 310 74 236 Completion 2022 64 2 62 BE 6 0 5 Residentie
Slide 47: Portfolio growth: development projects (4)
Portfolio growth Development projects as of 30 September 2020 (4) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 30/09/2020 invest. Projects in progress 451 126 325 Projects/forward purchases subject to outstanding conditions 323 0 323 Completion 2020 12 0 12
Slide 48: Portfolio growth: development projects (5)
Portfolio growth Development projects as of 30 September 2020 (5) Country Development projects Rent Rent Development projects1 Rent Yield2 (in € million) (in € million) (in € million) (in € million) BE 36 2 Triple net 177 10 5,3% DE 455 22 Double net 604 31 5.5% NL 109 6 Land reserve 2 UK 51 3 Total
Slide 49: Development projects: pipeline of €783 million
Development projects Development projects as of 30 September 2020 (6) > Pipeline of development projects: €783 million Geographical split Expected delivery date Sweden Land reserve €10m €2m 1% Belgium 0% 2020 Finland 2024 €36m €71m €123m €130m 4% 9% 16% 17% 2023 €30m 4% United Kingdom Netherlands 20
Slide 50: Portfolio growth: development projects
Portfolio growth Development projects Pflegecampus Specht phase 1 – Plauen (DE) Kaltenkirchen (DE) Construction start: Construction start: Q2 2019 Q2 2018 Completed in: Completed in: Q3 2020 Q1 2020 Specht phase 3 – Bremen (DE) Villa Casimir – Construction start: Roermond (NL) Q4 2019 Construction s
Slide 51: Financials
Financials Vaasan Uusmetsäntie Vaasa - Finland -51-
Slide 52: Rental income
Rental income (As of 30 September 2020) 250.000 + 0,1 M 210,8 M +19,5 M 200.000 +35,6 M +13,1 M +18,7 M Rental % x €1,000 150.000 +5,4 M income 118,4 M (K€) BE 71.609 34% 100.000 DE 39.985 19% NL 28.928 14% UK 50.611 24% 50.000 FI 19.497 9% SE 124 0% Total 210.754 0 Rental income Belgium Germany Net
Slide 53: Debt-to-assets ratio
Debt-to-assets ratio 56% 56% 50% 50% 44% 41% 40% 37% June 2017 June 2018 March 2019 June 2019 March 2020 June 2020 Sept. 2020 Oct. 2020 ** Before After Before SPO After SPO Before SPO After SPO SPO 2019 SPO 2019 April 2020 April 2020 Oct. 2020 Oct. 2020 > Investment capacity: approx. €1.8 billion* *
Slide 54: Debt-to-assets ratio
Debt-to-assets ratio €207m ABB 70% 4,000 €67m €153m €219m €418m rights issue €100m rights issue rights issue rights issue 3,500 60% rights issue 3,000 50% 2,500 40% 2,000 €459m 30% rights issue 1,500 20% 1,000 10% 500 0% 0 Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19
Slide 55: Credit facilities
Credit facilities Total financial debt: €1,795 m (As of 30 September 2020) 14% Investment credits 4% 18% Term loans Revolving loans 9% 14% EUR bridge loan 6% GBP bridge loan Medium Term Note 35% Commercial Paper > Diversification of financial ressources > First private placement of €40 million under
Slide 56: Credit facilities: liquidity and debt maturity
Credit facilities (as of 30 September 2020) > Liquidity > Debt maturity profile Financial debt Lines Utilisation of which 600 (in € million) 1 treasury 500 notes 400 31/12/2020 203 203 197 31/12/2021 490 465 3 58 300 31/12/2022 121 51 - 200 31/12/2023 285 149 - 31/12/2024 269 249 - 100 31/12/2025 55
Slide 57: Equity funding: capital increase October 2020
Equity funding Capital increase October 2020 > 7th SPO: public offering of new shares with priority allocation rights > Fully subscribed > Completed on 27 October 2020 > €459 million capital increase > Debt-to-assets ratio down from 50% (30/09/2019) to approx. 40% after capital increase > 5,499,373
Slide 58: Net asset value
Net asset value Net asset value per share (in €) 30 Sept. 2020 30 June 2019 Var. Based on fair value of investment properties Net asset value 63.21 55.90 13% Effect of the changes in fair value of hedging instruments 1.94 2.05 Net asset value excl. changes in fair value of hedging instruments 65.16
Slide 59: Dividend Policy
Dividend Policy > DPS 2019/2020 (01/07/19 – 31/12/20): €4.60 / share (gross) − Financial year extended by 6 months until 31 Dec. 2020 − Interim dividend for the first 12 months: €3.00 gross per share ̶ Coupon No. 23 (€2.48; detached on 24 April 2020) + coupon No. 24 (€0.52; detached on 5 October 202
Slide 60: Shares & shareholders
Shares & shareholders Martha Flora Bosch en Duin Bosch en Duin - Netherlands -60-
Slide 61: Dividend track record
Dividend track record € / share 5.00 4.80 4.60 4.60 4.40 4.20 4.00 3.80 3.60 3.40 3.20 3.00 2.80 2.80 2.50 2.60 2.40 2.25 2.10 2.20 2.00 1.86 1.86 1.90 2.00 1.80 1.82 1.82 1.71 1.80 1.48 1.60 1.40 Theoretic dilutions of DPS after rights issues of 1.20 October 2010, December 2012, June 2015, March 20
Slide 62: Share price since IPO
Share price since IPO (As of 11 November 2020) 375 Spot Var. (%) 350 Aedifica 95.20 162 325 BEL20 3,517.21 -16 300 275 EPRA Belgium 1,746.53 23 250 EPRA Europe 2,103.74 -21 225 200 175 150 125 100 75 50 25 Aedifica BEL20 EPRA Belgium EPRA Europe Aedifica: based on the IPO price (€41), adjusted to ta
Slide 63: Total return since IPO
Total return since IPO 700 675 (As of 11 November 2020) 650 Return Var. (%) 625 Aedifica 164 351 600 575 550 EPRA Belgium 6,054 180 525 500 EPRA Europe 4,710 38 475 450 425 400 375 350 325 300 275 250 225 200 175 150 125 100 75 50 25 Aedifica total return Epra Belgium total return Epra Europe total
Slide 64: Shareholding
Shareholding1 (As of 30 September 2020) > Aedifica shareholders holding more than 5 % of the Company’s capital2: SHAREHOLDERS Share in capital (in %) BlackRock, Inc. 5.00 Others < 5 % 95.00 Total 100.00 > Aedifica’s free float amounts to 100%3. 1 A total of 32.996.242 shares are listed on Euronext B
Slide 65: Awards
Awards EPRA EPRA Reporting: Best Practices Recommendations (BPR) > From 2015 to 2020, Aedifica’s annual financial report was awarded 6 consecutive times the ‘EPRA BPR Gold Award’ > In 2020, Aedifica received the ‘EPRA sBPR Gold Award‘ for its 2019 Sustainability Report -65-
Slide 66: Euronext: inclusion in the BEL 20
Euronext Inclusion in the BEL 20 > In March 2020, Aedifica entered the BEL 20, the leading share index of Euronext Brussels. > The BEL 20 index comprises Belgian companies listed on Euronext Brussels that record the largest free-float market capitalisation, of which the share is sufficiently liquid
Slide 67: Corporate governance
Corporate governance > Transparency > Board of Directors − NV/SA − 11 Directors ̶ 7 independent non-executive − Management in the box Directors − 100% free float ̶ 4 executive Directors ̶ Gender diversity ratio: 36 % − No poison pills − Audit Committee − Nomination & Remuneration Committee − Investm
Slide 68: Aedifica's Executive Committee
Aedifica’s Executive Committee Stefaan Gielens Ingrid Daerden Chief Executive Officer Chief Financial Officer Sven Bogaerts Charles-Antoine van Aelst Chief Mergers & Acquisitions Officer Chief Investment Officer -68-
Slide 69: Aedifica's international team
Aedifica’s international team > International presence in 6 countries with local teams managing the portfolio and the group’s growth in each country. Stéphanie Lomme Heinz Beekmann Eric Scheijgrond Team Belgium Team Germany Team Netherlands UK Portfolio manager Jussi Karjula Maria Frid Team Finland
Slide 70: Outlook
Outlook SARA Seniorenresidenz Bitterfeld-Wolfen - Germany -70-
Slide 71: Covid-19 impact
Covid-19 impact > Residential care portfolio (elderly & specialist care – approx. 92% of portfolio) > Occupancy drop due to temporary ‘excess mortality’ and admission stop during 2020’s spring lockdown − Nevertheless, important differences between countries, regions, operators, etc. − No material im
Slide 72: Outlook FY 2019/2020
Outlook FY 2019/2020 Following the extension of the 2019/2020 financial year until 31 December 2020 (18 months) > Budgeted rental income: €257 million > Budgeted EPRA Earnings: €157 million > Budgeted EPRA EPS: €5.92/share, taking into account dilution after capital increases of May 2019, April 2020
Slide 73: Outlook beyond FY 2019/2020
Outlook beyond FY 2019/2020 > Objective for future growth: EPS growth through − Enhancing long-term cash flows in healthcare real estate − Exploring new healthcare real estate segments − Exploring new countries > Continuing the track record € / share 6.0 5.92 5.5 5.0 4.5 4.60 4.0 3.74 3.5 3.15 3.25
Slide 74: Conclusion
Conclusion The Hawthorns Southampton - United Kingdom -74-
Slide 75: Investment highlights
Investment highlights Attractiveness for shareholders: > Pure-play healthcare REIT in Europe > Strong underlying demographic trends > Long-term growth potential > Fair value history of portfolio showing resilience > Weighted average lease term: 19.5 years > Solid investment, equity and debt-financin
Slide 76: Stefaan Gielens and Ingrid Daerden
Stefaan Gielens – Chief Executive Officer Ingrid Daerden – Chief Financial Officer -76-
Slide 77: Aedifica SA/NV
Aedifica SA/NV Public REIT under Belgian Law Regulated Real Estate Company (RREC) Société immobilière réglementée (SIR) Gereglementeerde vastgoedvennootschap (GVV) Rue Belliard 40 / Belliardstraat 40 (box 11) 1040 Brussels Tel: +32 (0)2 626 07 70 - Fax: +32 (0)2 626 07 71 info@aedifica.eu www.aedifi
Slide 78: Forward looking statement
Forward looking statement This Presentation includes forward-looking statements that reflect the Company's intentions, beliefs or current expectations concerning, among other things, the Company’s results, condition, performance, prospects, growth, strategies and the industry in which the Company op
Slide 79: Appendix
Appendix Hof van Schoten Schoten - Belgium -79-
Slide 80: Income Statement: EPRA Earnings
Income Statement EPRA Earnings Income Statement - analytical scheme 30 June 2020 30 June 2019 Var. (x €1,000) Rental income 163,413 118,413 +38% Rental-related charges -2,698 -41 Net rental income 160,715 118,372 +36% Operating charges -28,295 -21,230 Operating result before result on portfolio 132,
Slide 81: Income Statement: Net result
Income Statement Net result Income Statement - analytical scheme 30 June 2020 30 June 2019 (x €1,000) EPRA Earnings 100,105 72,145 Changes in fair value of financial assets and liabilities -2,243 -7,304 Changes in fair value of investment properties 15,423 63,317 Gains and losses on disposals of inv
Slide 82: EPRA Earnings
EPRA Earnings (As of 30 June 2020) 140,000 +45M -9,722 120,000 -3,955 -4,599 +866 +370 100,105 100,000 x €1,000 80,000 72,1M 60,000 40,000 20,000 0 EPRA Rental Operating Financial Tax JV Non- EPRA Earnings Q4 income costs result controlling Earnings Q4 2018/2019 interests 2019/2020 -82-
Slide 83: Consolidated balance sheet (€ m)
Consolidated balance sheet (€ m) Balance sheet total: €3.61 billion (As of 30 June 2020) Assets Equity & Liabilities 1,671 3,366 1,430 2,321 1,808 888 243 65 130 68 June 2019 June 2020 June 2019 June 2020 -83-
Slide 84: Competitive markets
Aedifica Competitive markets > The World Economic Forum ranks all of the countries into which Aedifica expanded in its top 11 of Most Competitive Global Economies Rank Econom y Score 4 Netherlands 82.4 7 Germany 81.8 8 Sw eden 81.2 9 United Kingdom 81.2 11 Finland 80.2 22 Belgium 76.4 Source: World
Slide 85: Belgian REIT
Belgian REIT > ‘sicafi / vastgoedbevak’ until 17 October 2014 > RREC (SIR / GVV) since 17 October 2014 > Investment property: maximum 20 % in one (group of) asset(s) > Appraisal: − At fair value on a quarterly basis by a valuation expert − No depreciation of properties > Dividend: at least 80 % of c
Slide 86: Innovative healthcare real estate
Innovative healthcare real estate Martha Flora Rotterdam The Martha Flora Rotterdam care residence in Rotterdam (NL) combines a sustainable building design with innovative technologies, while focusing on the wellbeing of the residents and their families. -86-
Slide 87: Innovative healthcare real estate
Innovative healthcare real estate Martha Flora Rotterdam > Specifically designed to offer safe & secure small-scale housing & care to persons with dementia > Focus on wellbeing & comfort > Meander: central space − Library − Living room − Kitchen − Workshop − Garden/roof terrace > 29 care units -87-
Slide 88: Innovative healthcare real estate
Innovative healthcare real estate Martha Flora Rotterdam > 100% green energy provided by 296 solar panels − providing sufficient energy for the thermal and hot water installation > Heat and cold storage installation − using 2 heat pumps and 125m deep sources to extract soil energy for heating and co
Slide 89: Notes
fre j Notes aecifica |' housing with care -89-