Slide 1: Corporate presentation Q3 2021
Corporate presentation Q3 2021 29/10/2021
Slide 2: Highlights Q3 2021 Overview 2021 ESG Appendix
Highlights Q3 2021 Overview 2021 ESG Appendix
Slide 3: Highlights Q3 2021
Highlights Q3 2021 Montea gets foothold on German soil with two immediate income-generating redevelopment projects! • Mannheim: purchase of a 83.000 m² grey field • Leverkusen: sale and lease back deal for a logistics building Montea bolsters commercial clout in the Netherlands! • Cedric Montanu
Slide 4: Highlights YTD Q3 2021
Highlights Q3 2021 Overview 2021 ESG Appendix 4
Slide 5: Main logistic hotspots
Highlights YTD Q3 2021 Focus areas in Germany are logistic hotspots, known as important logistic clusters with a stable demand for logistic real estate. Focus area in The Netherlands is the southern part of the country, with the ‘Randstad’ area (Amsterdam, Rotterdam, Den Haag, Utrecht) and Tilburg-B
Slide 6: Overview of fair value portfolio
Highlights YTD Q3 2021 1.590 Overview of FV Portfolio (€ M) 31 € 1.479 M € 77 M Yearly rent Standing investments @100% occupancy Belgium France The Netherlands Germany € 74 M €8M 562 521 Developments Future rental income 423 204 213 326 174 201 € 34 M Solar panels €4M Income solar panels 139 134 176
Slide 7: Portfolio by country
Highlights YTD Q3 2021 Lille Antwerp Berlin Ghent Paris Brussels Liège Cologne Amsterdam Charleroi Rotterdam Lyon Tilburg Marseille Main Logistic hotspots Current yield % of total Country # sites SQM (‘000) Fair Value Yearly Rent Occupancy @ 100% occupation portfolio BE 35 742 m² € 694 M € 37 M 5,3%
Slide 8: Strong portfolio KPIs
Highlights YTD Q3 2021 Strong portfolio KPI’s Continuous arbitration of portfolio (e.g. € 92 M disposals in the last 6 years) Leading to exceptional portfolio KPI’s 7,5y 7,5y Sites 8,7y 99,6% Residual lease Average portfolio Occupancy rate term age 5,2% Current yield (at 100% occupation) 8
Slide 9: Occupancy rate & rental activity
Highlights YTD Q3 2021 Occupancy rate & rental activity Occupancy rate (%) 99,6% 99,3% 99,4% 99,1% 98,1% 96,5% 96,6% 96,3% 96,3% 96,0% 95,6% 95,1% 95,0% 92,9% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021 Occupancy: 99,6% Target: > 97% 9
Slide 10: High qualitative client portfolio
Highlights YTD Q3 2021 High qualitative client portfolio Logistics type Type of Sector Multimodality Low risk profile 9% 9% 10% 38% 46% 59% 19% 35% 54% 3% 8% 10% Food & Beverage Retail Construction/Industry Brand Logistics (end user) Network Logistics (distribution) Automotive Pharma & Medical Other
Slide 11: High qualitative client portfolio
Highlights YTD Q3 2021 High qualitative client portfolio Top 10 of clients represent 31% of the rental income of 2021 Top 20 of clients represent 48% of the rental income of 2021 76% of sites are single tenant 4,6% 3,8% 3,6% 3,1% 2,9% 2,8% 2,7% 2,7% 2,5% 2,4% 11
Slide 12: Key Tenant Overview
Highlights YTD Q3 2021 Key Tenant Overview # Tenant % of 2021 Rental Income Sector Country of Description HQ Third Party Division of DHL Express responsible for providing air transport capacity. Refers to 1 DHL Aviation 4,6 UK Logistics several airlines owned, co-owned or chartered by DHL Express. F
Slide 13: Investments realised in 2021: Mannheim
Investments realised in 2021 Hamburg Berlin Leipzig Düsseldorf Mannheim (DE) - Acquisition Q3 2021 Frankfurt Acquisition of an 83.000 m² grey field site in Q3, with development potential at a strategic location in Mannheim. The site is leased for 8,5 years to FDT Flachdach. Once this lease expires,
Slide 14: Investments realised in 2021: Leverkusen
Investments realised in 2021 Hamburg Berlin Leipzig Leverkusen (DE) Düsseldorf Montea has signed a sale and lease back deal in Q3 for a logistics building in Leverkusen on a plot of land of 28.000 m². Frankfurt The site is leased for 2,5 years to TMD Friction Services GmbH. The building will be rede
Slide 15: Investments realised in 2021: Brussels
Investments realised in 2021 Antwerp Port of Zeebrugge (Port + Airport) Antwerp Port of Ghent Ghent Brussels Liège Brussels (BE) – Acquisition Q2 2021 Charleroi Montea and the Port of Brussels signed a land concession agreement for a fixed term of 30 years for a site of ca. 35.000 m². Montea and DSV
Slide 16: Investments realised in 2021: Ridderkerk
Investments realised in 2021 Amsterdam (Port + Airport) Rotterdam (Port + Airport) Ridderkerk (NL) – Acquisition Q2 2021 Rotterdam Montea and VDH Forwarding & Warehousing B.V. Have Port of Zeeland Tilburg signed a purchase agreement for a distribution centre of ca. 6.750 m² in Ridderkerk. The lease
Slide 17: Investments realised in 2021: Blue Gate Antwerp
Investments realised in 2021 Antwerp Port of Zeebrugge (Port + Airport) Port of Ghent Oostende Antwerp Ghent Brussels Liège Circular and climate-neutral Blue Gate industrial estate in Antwerp (BE) – Delivery Q1 2021 Charleroi Start of the build-to-suit project in Q4 2019, with delivery on 08/01/2021
Slide 18: Strong balance sheet
Highlights YTD Q3 2021 Strong balance sheet Shooting Debt ratio (%) capacity: > € 630 M 56,4% 55,8% 52,8% 52,1% 51,9% 51,3% 51,6% 51,3% 50,1% 49,9% towards 55% 37,5% 47,6% 39,4% 38,0% 37,5% 30/09/2021 (without taking into account further portfolio revaluation) Target: c. 50-55% 18
Slide 19: Well diversified long term financing
Highlights YTD Q3 2021 Well diversified long term financing (impact of € 235 M Green Bonds included) Financing sources Maturity (y) Maturity creditlines & bonds 120 100 38% 80 6,2 60 62% 5,6 40 < 1% 20 0 MATURITY MATURITY '21 '22 '23 '24 '25 '26 '27 '28 '29 '30 '31 '32 '33 '34 '35 '36 BANKS BONDS LE
Slide 20: Green Bonds Issuance
Highlights YTD Q3 2021 Green Bonds Issuance - € 235 M Montea raises € 235 M through the issuance of Green Bonds via the US Private Placement market with six internationally renowned investors 4 tranches: € 50 million - 10-year term (maturing on 27/04/2031) - coupon: 1,28% € 30 million - 10-y
Slide 21: Financial KPIs
Highlights YTD Q3 2021 Financial KPI’s EPRA Cost Ratio & EPRA NIY NET DEBT / EBITDA & ICR 12,0 8,0 14,50% 13,3% 6,9 7,0 10,0 6,2 12,3% 5,5 6,0 11,7% 8,0 4,5 5,0 9,3% 9,50% 6,0 3,5 4,0 8,3% 3,0 3,0 6,6% 4,0 7,4 6,5% 6,4% 7,2 6,8 6,0% 8,7 9,9 10,2 2,0 5,5% 2,0 5,0% 1,0 4,50% 0,0 0,0 2016 2017 2018 201
Slide 22: EPRA result per share & dividend per share
Highlights YTD Q3 2021 Evolution of EPRA result per share & Dividend per share (€) 2,66 2,87 +8% (*) As of 2016: EPRA result per share instead of Net Current Result (**) DPS subject to General Shareholders’ Meeting in May 2022 EPS DPS EPS YTD Q3 22
Slide 23: Outlook Full year 2021
Outlook Full year 2021 EPRA result per share growth 3,74 € ( +7% vs ’20 ) DPS growth 3,02 € ( +7% vs ’20 ) Occupancy rate > 97% Average residual lease term > 7,5 years Portfolio > € 1.600 M Guidance 2021 23
Slide 24: Projects in progress: Blue Gate, Antwerp
Projects in progress Antwerp Port of Zeebrugge (Port + Airport) Antwerp Port of Ghent Ghent Brussels Liège Blue Gate, Antwerp (BE) Charleroi Montea is developing an 8.438 m² sustainable delivery station at Blue Gate Antwerp. This development is fully pre- let for a fixed period of 15 years. The buid
Slide 25: Projects in progress: Tiel
Projects in progress Amsterdam (Port + Airport) Rotterdam Tiel (NL) (Port + Airport) Rotterdam In September 2018, Montea acquired a site with a total area of Tilburg Port of Zeeland 47,9 ha in Tiel, where in Q3 Montea has start building a 9.700 m² recycle and distribution centre for Re-Match. Re-Mat
Slide 26: Projects in progress: Etten-Leur
Projects in progress Amsterdam (Port + Airport) Rotterdam Etten-Leur (NL) (Port + Airport) Rotterdam The acquired land “Vosdonk” has been prepared for Port of Zeeland construction of a build-to-suit project of ca. 26.500 m². Tilburg Montea already invested € 5,5 M (acquisition of the land). Bas Serv
Slide 27: Projects in progress: Waddinxveen
Projects in progress Amsterdam (Port + Airport) Rotterdam LP A12, Waddinxveen (NL) (Port + Airport) Rotterdam Acquisition of plot of land (120.000 m²) in Q3 2020 on a Tilburg Port of Zeeland strategic location between Rotterdam & Amsterdam (near motorway A12). In a first phase, 50.000 m² will be dev
Slide 28: Projects in progress: Solar panels
Projects in progress Solar panels in The Netherlands Solar panels in France 56% of the portfolio of warehouses in the In addition to Belgium and the Netherlands, Netherlands has already been fitted with PV installations are also planned in France as solar panels. Montea aims to increase this of 2021
Slide 29: Growth plan 2021-2024
Growth plan 2021-2024 2020 2024 4-year growth plan – already nine months realised € 3,50 EPRA earnings/share € 4,30 EPS growth to € 4,30 in 2024 ( > 20% increase compared to 2020) € 2,83 Dividend/share € 3,45 DPS growth to € 3,45 in 2024 ( > 20% increase compared to 2020) CAPEX € 800 M START
Slide 30: Total land bank: 1,6 mio m²
100% situated in logistic & industrial zonings Total land bank: 1,6 mio m² Future development potential > 800K m² Extension potential of current portfolio by > 50% Tiel: 44,9 ha Landbank Etten-Leur: 3,8 ha 58% 22% Landbank Market Market Yield on Surface Value Value/m² Cost YIELDING LANDBANK 937.964
Slide 31: Highlights Q3 2021 Overview 2021 ESG Appendix
Highlights Q3 2021 Overview 2021 ESG Appendix 31
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Slide 33: Environmental, Social & Governance (ESG)
Environmental, Social & Governance (ESG) Environmental Greenhouse gas emissions Reduce Montea’s direct and indirect CO2 footprint by limiting the volume of greenhouse gas emissions generated by our business operations, our logistics real estate and our suppliers. Long term dedication - Focus o
Slide 34: Greenhouse gas emissions
Environmental, Social & Governance (ESG) Greenhouse gas emissions Montea operations carbon neutral Montea’s Portfolio Paris Proof by 2050 by 2021 Client engagement program: We help our clients reduce their carbon footprint and energy costs Data collection & Carbon footprint Analysis 2019 - 2020 calc
Slide 35: Focus on sustainable and versatile logistics real estate
Environmental, Social & Governance (ESG) Strategic Locations Long term dedication Sustainable building Focus on sustainable - Low energy/low carbon - Life cycle & Circularity Multi-Modal and versitale logistics - Well being of customers - Flexible real estate Best use of Multi- space Functional
Slide 36: Two-storey innovative building for DPD, Vilvoorde
The site where the two-storey innovative building for DPD is to be erected is located on the Tyraslaan near the Vilvoorde exit on the Brussels Ring Road and close to several approach roads to the centre of Brussels. “The Coronavirus crisis is fuelling the demand for regional distribution centres. In
Slide 37: Meyzieu site: sustainable use of open space
Montea acquired this site in “Open space is scarce, so we have to use it sustainably. Montea will therefore always explore whether there is a more sustainable alternative in the form of land that had another industrial use 2019 by combining three previously and needed to be cleaned up, before buying
Slide 38: Blue Gate, Antwerp
At Blue Gate, Antwerp, Montea is developing a top-notch site for innovative and eco- conscious companies. Thanks to the unique location, directly on the Schelde river, and amidst a hub of railroads, roads and bicylcle paths, transport from never been more efficient. Both for goods and employees!
Slide 39: Innovation at Blue Gate: fossil-free building
“Montea is playing the innovation card to the full with this project. We have surrounded ourselves with energy specialists to bring this ambition to fruition. In aspiring to a completely fossil-free building, Montea is focusing not on absolute growth but on maximal value creation. We are in fact cre
Slide 40: Our organization: Monteaneers
Environmental, Social & Governance (ESG) Awareness training programm Well-being of all Charity employees Our organization: Monteaneers Community involvement Team events & Personal growth teambuildings of all employees Improvement of communication between the teams 40
Slide 41: Personal growth of our employees
Personal growth of our employees, regardless equal opportunities for everyone and good governance. 24/7 Training platform for all employees Montea strongly believes that its employees, together with their families, are the cornerstones of its business. That is why the company organizes events regula
Slide 42: Sharing expertise through seminars
Montea wants to share its extensive expertise with as many partners as possible, so it regularly organizes interesting seminars and inspiration days on its own and sometimes in cooperation with partners. Montea is a regular guest speaker at seminars organized specifically for the real estate sector.
Slide 43: Employee health: FIT@Montea
Montea does its upmost to improve the health of its employees. That is why the FIT@Montea programme was launched, whereby a personal trainer visits the head office twice a week (online training during COVID-19). Team building sessions are organized on a regular basis and we have dinner together at l
Slide 44: Community involvement
Montea encourages its employees to get actively involved in socially relevant initiatives in addition to their work. The organization supports several local charity organizations.
Slide 45: Governance: corporate structure
Environmental, Social & Governance (ESG) Corporate structure Corporate Governance Articles of Board of association Directors 45
Slide 46: Equality and diversity
Environmental, Social & Governance (ESG) Montea strives for a culture in which equality, diversity, and non-discrimination on the basis of gender, age, nationality, race, religion, sexual orientation, cultural and social background, disability, education or political beliefs take centre stage. Emplo
Slide 47: Seniority and real estate experience
Environmental, Social & Governance (ESG) Seniority – Real estate experience (average in years) Employees Management Board of Directors TOTAL 25 25 25 25 22 20 20 20 20 17 15 15 15 15 12 10 10 10 9 10 8 7 5 5 4 5 5 5 0 0 0 0 Seniority Real estate experience Seniority Real estate experience Seniority
Slide 48: Board of directors
Environmental, Social & Governance (ESG) Board of directors De Pauw family 100% Dirk De Pauw (chairman) Man Woman Montea Management NV Jo De Wolf (CEO) (ED) = sole director Peter Snoeck (NED) Average age Philippe Mathieu (NED) 58 yr 1 share Barbara De Saedeleer (NED) 4 out of 7 are Montea
Slide 49: Directors' profiles
Environmental, Social & Governance (ESG) Dirk De Pauw Jo De Wolf Peter Snoeck Chairman of the Board Executive Director Non-executive Director Chief Executive Officer He is one of the founding He holds a degree Industrial shareholders of Montea. He He holds a Master’s degree in Engineering in holds a
Slide 50: Articles of association
Environmental, Social & Governance (ESG) The articles of association of Montea NV/SA provide for A veto for the statutory director against its dismissal A veto for the statutory director against amendments to the articles of associations Authorized share capital up to EUR 163.280.905,26 A mandate fo
Slide 51: 4 UN Sustainable Development Goals framework
Environmental, Social & Governance (ESG) Our ambition is channelled through 4 UN Sustainability Development Goals Framework 51
Slide 52: ESG international ratings
Environmental, Social & Governance (ESG) ESG international ratings 52
Slide 53: Highlights Q1 2021 Growth Program 2021 ESG Appendix
Highlights Q1 2021 Growth Program 2021 ESG Appendix 53
Slide 54: Overview
Overview Montea NV is a public regulated real estate company (“RREC”) under Belgian law (SIR – SIIC), specializing in the development and the management of logistics property in Belgium, France and the Netherlands (“Montea” or the “Company”). The company is a leading player in this market. Montea li
Slide 55: Overview
Overview When Montea invests in logistics real estate, we are fully intent on keeping it in our portfolio for a long time. That is why we are strongly committed to high quality, sustainable finish and materials. This applies to investment in existing buildings as well as to the way in which we devel
Slide 56: What we do
What we do Montea literally offers its clients space to grow, Montea consists of a driven team of through flexible and innovative real estate logistics real estate experts. With a good solutions. That is why Montea maintains an understanding of the client's needs, extensive network of estate age
Slide 57: Montea's key concepts
Montea acts in accordance with the following key concepts: WAREHOUSING ▪ Land value has a higher share in the total value PURE PLAYER than in Land value hasother assetshare a higher classes in the total value than in ▪ Ambition to be best in class through other asseion cost specialisation (Logis
Slide 58: Who we are
Who we are Shareholder base (based on transparency notifications) 62% Montea is the result of Pierre De Pauw’s lifework, who has been one of the Belgian pioneers in logistic real estate since the late 1960s 4% The IPO of Montea in 2006 was the start of a strong 6% growth path 5% 13% 4% 6% Mont
Slide 59: Share price & IFRS NAV evolution
Share price & IFRS NAV evolution (as per 14/10/2021) A shareholder, who invested at the IPO (2006) and always participated 59,34 in the optional dividend realizes an IRR of 14,2% on the date of publication of the Q3’21 results (over 14 years). 59
Slide 60: Organizational Structure
Organizational Structure Montea Management NV Montea NV Montea Nederland NV SFG BV Blue Gate Antwerp Invest NV Montea Services NV Next Five GmbH GTE 1 NV Montea SA (Branch Office) Europand Eindhoven BV MM1 SCI Montea Tiel NV APJ SCI Montea ’s Heerenberg NV Socrate SCI Montea Beuningen NV Sevigne SCI
Slide 61: Contact details
BELGIUM (HQ) FRANCE NETHERLANDS GERMANY Industriezone III Zuid EnTrada In coop. with Industrielaan 27 Box 6 18-20 Place de la Madeleine Ellen Pankhurststraat 1c IMPEC Real Estate Gmbh 9320 Aalst 75008 Paris 5032 MD Tilburg +32 (0) 53 82 62 62 +33 (0) 1 83 22 25 00 +31 (0) 88 2053 888 +49 (0) 6205 10