Citycon Oyj · OMXHEX:CTY1S
Citycon Oyj — H1 2026 Earnings Presentation
13 slides from Citycon Oyj's earnings presentation, Aug 13, 2026
Slide 1: H1/2026 Half-yearly Results
H1/2026 Half-yearly Results
Slide 2: H1/2026 highlights
H1/2026 highlights +5.6% 94.4% +1.0% 28.5 EUR LFL NRI growth */** Retail occupancy rate (sq.m.) Retail avg. rent / sq.m. Retail avg. rent / sq.m. increase*/*** +3.1% +2.6% +2.7MEUR 94.2% LFL footfall LFL tenant sales Fair value net gain NRI margin of investment properties*** *With comparable FX rate
Slide 3: Key achievements in Q2/2026
Key achievements in Q2/2026 New leases signed 20,700 sqm Leasing spread +9.9%* LFL general mall leasing income grew 26.5%** compared to Q2/2025 Operating expenses 5.5%** lower compared to Q2/2025 Redemption of the remaining outstanding amounts of the 2026 and 2027 bonds, EUR 252 million in total EUR
Slide 4: LFL NRI growth H1/2026
LFL NRI growth H1/2026* 7.9% 5.8% 5.6% 4.1% 3.5% Sweden & Norway Finland & Total** European Denmark Estonia** average LFL retail NRI growth*** *With comparable FX **Includes a one-time adjustment to Q1/2025 NRI *** Source: Green Street
Slide 5: Update on divestments
Update on divestments — Citycon has signed a non-binding LOI for the divestment of Myyrmanni, Koskikeskus and Trio in Finland — The deal is a conditional transaction and reflects the latest appraisal value (EUR 422.6 million) — Citycon would retain property and asset management of the assets — The t
Slide 6: Financial overview
Be peer eer eer asa ee > - Financial overview
Slide 7: Key financials
Key financials QTD YTD FX Adjusted FX Adjusted EUR million Q2/2026 Q2/2025 Change H1/2026 H1/2025 Change change change NRI 57.5 53.3 7.8% 5.9% 109.3 103.4 5.7% 3.9% Direct operating profit 50.8 47.7 6.5% 4.6% 96.6 90.4 6.8% 4.9% EPRA earnings 17.6 17.5 0.7% -4.1% 36.6 36.9 -0.8% -4.6% EPRA earnings
Slide 8: Detailed EPRA earnings bridge H1/2026
Detailed EPRA earnings bridge H1/2026 0.9 5.2 -0.4 36.9 1.5 36.6 1.3 0.1 35.1 -1.1 -0.3 -7.4 Actual Q1- NRI loss from Remaining G&A Other operating Financial Hybrid bond Direct current One-time and Actual Q1- FX impact Actual Q1- Q2/2025 divestments assets NRI income and inc.&exp. interests and defe
Slide 9: Recent financing actions
Recent financing actions – Early redemption of the 2026 bond, remaining amount EUR 123.5 million was redeemed – EUR 214 million* secured loan drawn in May – Early redemption of the 2027 bond, remaining amount EUR 128.6 million was redeemed – EUR 200 million related party on-call credit facility sign
Slide 10: Well-managed debt maturity profile
Well-managed debt maturity profile Fixed interest rate ratio Average debt maturity Weighted average Liquidity Share of secured debt As of 30 June 2026 Proforma* interest rate (incl. hedges) As of 30 June 2026 As of 30 June 2026 As of 30 June 2026 84.5% 3.5Y 4.72% € 52M ~29% Diversified funding sourc
Slide 11: Key credit metrics
Key credit metrics Loan to value (IFRS) Net debt to EBITDA (IFRS) 49.4% 51.4% 10.7x 46.3% 47.3% 9.9x 10.1x 44.9% 9.3x 9.0x 2023 2024 2025 Q1/2026 Q2/2026 2023 2024 2025 Q1/2026 Q2/2026 Interest coverage ratio (IFRS) Weighted average interest rate 3.7x 4.72% 4.11% 4.22% 2.7x 3.60% 2.4x 2.3x 2.2x 2.61
Slide 12: Citycon
s- Citycon
Slide 13: Citycon
%- Citycon &. Citycon