Aedifica Sa · EURONEXT:AED
Aedifica Sa — FY2019/2020 Earnings Presentation
89 slides from Aedifica Sa's earnings presentation, Sep 2, 2020
Slide 1: 12-month results 2019/2020
12-month results 2019/2020 Brussels, 2 September 2020 -1-
Slide 2: Table of contents
Table of contents > Highlights 12M 2019/2020 > Strategy > Achievements > Portfolio analysis > Financials > Shares & shareholders > Outlook > Conclusion -2-
Slide 3: Highlights 12M 2019/2020
Highlights 12M 2019/2020 Wolfsbos Hoogeveen – The Netherlands -3-
Slide 4: Highlights 12M 2019/2020 (1)
Highlights 12M 2019/2020 (1) > EPRA Earnings: €100 million, +39% YoY €4.00/share, +7% YoY > Rental income: €163 million, +38% YoY, +1.6% L-F-L > Acquisition of Hoivatilat in January 2020, a Finnish healthcare real estate development & investment company, marking the entrance into the Finnish and Swe
Slide 5: Highlights 12M 2019/2020 (2)
Highlights 12M 2019/2020 (2) > 454 healthcare sites comprising ~32,000 units in 6 countries − €1,046 million in Belgium (78 sites) − €610 million in the United Kingdom (96 sites) − €590 million in the Germany (71 sites) − €516 million in the Finland (153 sites) − €426 million in the Netherlands (54
Slide 6: Investment activity
Investment activity New acquisitions 55 healthcare sites (~ €530 million) added or announced during the first 12 months of 2019/2020, in addition to the acquisition of Hoivatilat Name Type Location Date Investment Pipeline Gross rental Completion Lease Operator (€ million) 1 (€ million) 2 yield (app
Slide 7: Investment activity
Investment activity New acquisitions 55 healthcare sites (~ €530 million) added or announced during the first 12 months of 2019/2020, in addition to the acquisition of Hoivatilat Name Type Location Date Investment Pipeline Gross rental Completion Lease Operator (€ million) 1 (€ million) 2 yield (app
Slide 8: Investment activity
Investment activity Pipeline completions 18 projects & 4 acquisitions subject to usual conditions completed during the first 12 months of 2019/2020 Name Type Location Date Investment Pipeline Gross Completion Lease Operator (€ million) 1 (€ million) 2 rental yield (approx. %) Belgium 3 - ’t Hoge III
Slide 9: Investment activity
Investment activity Acquisitions after 30 June 2020 8 healthcare sites (~ €104 million) added or announced since 30 June 2020 Name Type Location Date Investment Pipeline Gross Completion Lease Operator (€ million) 1 (€ million) 2 rental yield (approx. %) Belgium 39 - Klein Veldekens Acquisition Geel
Slide 10: Investment activity
Investment activity Pipeline completions after 30 June 2020 13 projects completed since 30 June 2020 Name Type Location Date Investment Gross rental Lease Operator (€ million) yield (approx. %) Germany 10 Seniorenquartier Beverstedt Development Beverstedt 15/07/2020 10 5.5% 30 yrs - NN EMVIA Living
Slide 11: Portfolio outlook
Portfolio outlook Total portfolio outlook: €3.9 billion (As of 2 September 2020) €m 4,000 +590 +104 3,880 3,500 3,193 -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 Portfolio outlook properties 1 sale pipeline 30
Slide 12: Strategy
Strategy Seniorenheim am Dom Halberstadt - Germany -12-
Slide 13: Aedifica
Aedifica > Belgian REIT (RREC/SIR/GVV) − Market cap ~ €2.8 billion − Free float of 100% − Marketable investment properties ~ €3.2 billion − Pipeline ~ €590 million − WAULT ~ 20 years > Market reference in European listed healthcare real estate > Growth potential > Expertise > Diversification − 6 Eur
Slide 14: 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: €590m (71 assets) Current portfolio: €610m (96 as
Slide 15: 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 16: 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 17: Achievements
Achievements De Kaap Hoogeveen - Netherlands -17-
Slide 18: Investment properties evolution since 2006
Achievements Investment properties1 Evolution since 2006 €m 4,000 3,880 3,500 3,366 3,000 CAGR: 28 % 2,500 (as of 30 June 2020) 2,321 2,000 1,741 1,545 1,500 1,157 1,005 1,000 785 593 643 518 500 435 347 356 111 252 0 June June June June June June June June June June June June June June June Outlook
Slide 19: Focus on Europe
Achievements Focus on Europe Geographical breakdown (fair value)1 100% >0 >0 5 2 9 12 12 13 15 15 17 14 80% 17 14 23 14 60% 19 17 17 100 95 88 86 19 40% 77 23 70 20% 45 33 29 0% Belgium Germany United Kingdom Netherlands Finland Sweden 1 Marketable investment properties incl. assets classified as he
Slide 20: Portfolio analysis
Portfolio analysis Children day-care centre Oulu - Finland -20-
Slide 21: Healthcare real estate
Healthcare real estate Focus on housing for seniors (As of 30 June 2020) > Healthcare segment breakdown 4% Elderly care homes 7% Senior housing 15% Mixed-use healthcare buildings 6% Children day-care 67% centres Other Marketable investment properties incl. assets classified as held for sale (€3,155
Slide 22: Portfolio geographical breakdown
Portfolio (As of 30 June 2020) > Geographical breakdown >0% 15% Belgium Germany 33% Netherlands United Kingdom 19% Finland Sweden 14% 19% Marketable investment properties incl. assets classified as held for sale (€3,155 m), excl. rights of use of plots of land. -22-
Slide 23: Belgian healthcare portfolio
Belgian healthcare portfolio (As of 30 June 2020) > Senior housing portfolio of 78 assets: − Capacity of more than 7,800 residents − Total fair value of approx. €1,046 m − Yield on fair value of 5.4% − Triple net long leases − Typical lease maturity: 27 years − 13 tenant groups: Senior Living Group
Slide 24: Belgian healthcare portfolio
Belgian healthcare portfolio (As of 30 June 2020) Marketable investment properties Development projects -24-
Slide 25: 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 -25-
Slide 26: German healthcare portfolio
German healthcare portfolio (As of 30 June 2020) > Senior housing portfolio of 71 assets: − Capacity of more than 5,800 residents − Total fair value of approx. €590 m − Yield on fair value of 5.8% − Double net long leases − Typical lease maturity: 20 - 25 years − 19 tenant groups: Vitanas, EMVIA, Re
Slide 27: German healthcare portfolio
German healthcare portfolio (As of 30 June 2020) Marketable investment properties Development projects -27-
Slide 28: 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 -28-
Slide 29: Dutch healthcare portfolio
Dutch healthcare portfolio (As of 30 June 2020) > Senior housing portfolio of 54 assets: − Capacity of more than 2,200 residents − Total fair value of approx. €426 m − Yield on fair value of 5.8% − Mostly triple net long leases − Typical lease maturity: 15 - 20 years − 16 tenant groups: Stichting Vi
Slide 30: Dutch healthcare portfolio
Dutch healthcare portfolio (As of 30 June 2020) Marketable investment properties Development projects -30-
Slide 31: 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 -31-
Slide 32: UK healthcare portfolio
UK healthcare portfolio (As of 30 June 2020) > Senior housing portfolio of 96 assets: − Capacity of more than 6,300 residents − Total fair value of approx. €610 m − Yield on fair value of 6.8% − 15 tenant groups: Maria Mallaband Care Group, Bondcare Group, Burlington, Care UK, Renaissance Care, Amor
Slide 33: UK healthcare portfolio
UK healthcare portfolio (As of 30 June 2020) Marketable investment properties -33-
Slide 34: UK healthcare portfolio
UK healthcare portfolio Richmond Manor, Minster Grange, Ampthill York • 69 units • 83 units Coplands, London • 79 units Highfield, Castleford • 88 units -34-
Slide 35: Finnish healthcare portfolio
Finnish healthcare portfolio (As of 30 June 2020) > Senior housing portfolio of 153 assets: − Capacity of more than 9,500 residents − Total fair value of approx. €516 m − Yield on fair value of 5.6% − 26 tenant groups − Inflation-linked double net leases − Committed development pipeline of approx. €
Slide 36: Finnish healthcare portfolio
Finnish healthcare portfolio (As of 30 June 2020) Marketable investment properties Development projects -36-
Slide 37: 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 -37-
Slide 38: Swedish healthcare portfolio
Swedish healthcare portfolio (As of 30 June 2020) > Senior housing portfolio of 2 assets: − Capacity of 12 residents − Total fair value of approx. €4 m − Yield on fair value of 5.8% − 2 tenant groups: Team Oliva & Alternatus − Inflation-linked double net leases − Opportunities for further developmen
Slide 39: Swedish healthcare portfolio
Swedish healthcare portfolio (As of 30 June 2020) Marketable investment properties Development projects -39-
Slide 40: 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 -40-
Slide 41: Healthcare real estate tenants
Healthcare real estate tenants Tenant diversification1 > 454 sites with approx. 200 tenants (or >90 ‘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 9% Vulpia
Slide 42: Lease maturity & occupancy rate
Lease maturity & occupancy rate (As of 30 June 2020) Unexpired lease term Weighted average unexpired lease term 20 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 (€3,155 m), excl. rights of us
Slide 43: Age of buildings
Age of buildings (As of 30 June 2020) 5% 5% 0-10 years 21% 10-20 years >20 years Project 69% Marketable investment properties incl. assets classified as held for sale (€3,155 m), excl. rights of use of plots of land. -43-
Slide 44: Gross yields on fair value
Gross yields on fair value (As of 30 June 2020) 7 6.8 6 5.8 5.8 5.8 5.8 5 5.4 5.6 4 3 2 1 0 Belgium Germany Netherlands United Kingdom Finland Sweden Average -44-
Slide 45: Portfolio growth: development projects (1)
Portfolio growth Development projects as of 30 June 2020 (1) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 30/06/2020 invest. Projects in progress 477 144 332 Completion 2020 131 97 33 BE 7 4 3 Kasteelhof Senior Living Group 3 1 2 Résidence Aux Deux Parcs Sen
Slide 46: Portfolio growth: development projects (2)
Portfolio growth Development projects as of 30 June 2020 (2) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 30/06/2020 invest. Projects in progress 477 144 332 Completion 2020 131 97 33 Completion 2021 285 46 239 BE 8 4 4 De Duinpieper Dorian groep 3 2 0 Sorgv
Slide 47: Portfolio growth: development projects (3)
Portfolio growth Development projects as of 30 June 2020 (3) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 30/06/2020 invest. Projects in progress 477 144 332 Completion 2020 131 97 33 Completion 2021 285 46 239 Completion 2022 43 1 42 BE 6 0 5 Residentie 't
Slide 48: Portfolio growth: development projects (4)
Portfolio growth Development projects as of 30 June 2020 (4) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 30/06/2020 invest. Projects in progress 477 144 332 Projects/forward purchases subject to outstanding conditions 104 0 104 Completion 2020 12 0 12 BE 12
Slide 49: Portfolio growth: development projects (5)
Portfolio growth Development projects as of 30 June 2020 (5) Country Developm ent projects Rent Rent Developm ent projects 1 Rent Yield2 (in € m illion) (in € m illion) (in € m illion) (in € m illion) BE 36 2 Triple net 125 7 5.4% DE 284 14 Double net 463 26 5.6% NL 84 5 Land reserve 2 UK 23 1 Total
Slide 50: Development projects
Development projects Development projects as of 30 June 2020 (6) (As of 30 June 2020) > Pipeline of development projects: €590 million Geographical split Expected delivery date Sweden Land reserve €12m €2m 2% Belgium 0% 2023 €36m €53m 2020 6% 9% €143m Finland 2022 24% €151m €98m 26% 17% 2021 Netherl
Slide 51: Portfolio growth: development projects
Portfolio growth Development projects Pflegecampus Specht phase 1 – Plauen (DE) Kaltenkirchen (DE) Construction start: Construction start: Q2 2019 Q2 2018 Expected completion: Completed on: Q3 2020 Q1 2020 Specht phase 3 – Bremen (DE) Seniorenzentrum Construction start: Weimar (DE) Q4 2019 Completed
Slide 52: Financials
Financials The Hawthorns Southampton - United Kingdom -52-
Slide 53: 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 54: 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 55: Rental income
Rental income (As of 30 June 2020) 180,000 + 0,05 M 163,4 M + 12,5 M 160,000 +25,1 M 140,000 +6,8 M 118,4 M -9,2 M +9,7 M 120,000 x €1,000 Rental % 100,000 incom e 80,000 (K€) BE 56,999 35% 60,000 DE 31,029 19% NL 22,644 14% 40,000 UK 40,186 25% 20,000 FI 12,508 8% Total 163,413 0 Rental Belgium Ger
Slide 56: 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 -56-
Slide 57: Consolidated balance sheet
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 -57-
Slide 58: Debt-to-assets ratio
Debt-to-assets ratio 56% 56% 50% 43% 44% 41% 37% 37% June 2015 June 2016 June 2017 June 2018 March 2019 June 2019 March 2020 June 2020 Before After Before After SPO 2019 SPO 2019 SPO 2020 SPO 2020 > Investment capacity: approx. €890 million* * Taking into account a debt-to-assets ratio of max. 60 %
Slide 59: Debt-to-assets ratio
Debt-to-assets ratio €207m 70% ABB 3,500 €67m €153m €219m €418m 60% 3,000 rights issue €100m rights issue rights issue rights issue rights issue 50% 2,500 40% 2,000 30% 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 Jun-20 Debt-to-assets rat
Slide 60: Credit facilities
Credit facilities Total financial debt: €1.726 m (As of 30 June 2020) 14% 18% 3% Investment credits Term loans 9% Revolving loans 12% EUR bridge loan GBP bridge loan 6% Medium Term Note Commercial Paper 38% > Diversification of financial ressources > First private placement of €40 million under the
Slide 61: Credit facilities: liquidity and debt maturity
Credit facilities (as of 30 June 2020) > Liquidity > Debt maturity profile Financial debt Lines Utilisation of which 600 (in € million) 1 treasury notes 500 31/12/2020 240 240 230 400 31/12/2021 435 410 4 31/12/2022 121 51 - 300 31/12/2023 285 152 - 31/12/2024 268 225 - 200 31/12/2025 506 352 - >31/
Slide 62: Equity funding: capital increase April 2020
Equity funding Capital increase April 2020 > 6th SPO: private placement by way of accelerated bookbuilding with international institutional investors > Approx. €207 million capital increase > Debt-to-assets ratio down from 55.5 % (31/03/2019) to 50 % after capital increase > 2,460,115 new Aedifica s
Slide 63: Net asset value
Net asset value Net asset value per share (in €) 30 June 2020 30 June 2019 Var. Based on fair value of investment properties Net asset value 61.66 55.90 10% Effect of the changes in fair value of hedging instruments 2.00 2.05 Net asset value excl. changes in fair value of hedging 63.66 57.96 10% ins
Slide 64: 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; already detached in April 2020) + coupon No. 24 (€0.52; detachment on 5 Octo
Slide 65: Shares & shareholders
Shares & shareholders Martha Flora Bosch en Duin Bosch en Duin - Netherlands -65-
Slide 66: 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 67: Share price since IPO
Share price since IPO (As of 31 August 2020) Spot Var. (%) 375 Aedifica 98.70 171 350 BEL20 3,332.53 -20 325 300 EPRA Belgium 1,749.06 24 275 EPRA Europe 1,969.02 -26 250 225 200 175 150 125 100 75 50 25 Aedifica BEL20 EPRA Belgium EPRA Europe Aedifica: based on the IPO price (€41), adjusted to take
Slide 68: Total return since IPO
Total return since IPO 700 675 (As of 31 August 2020) 650 Return Var. (%) 625 Aedifica 170 368 600 575 550 EPRA Belgium 6,032 179 525 500 EPRA Europe 4,397 28 475 450 425 400 375 350 325 300 275 250 225 200 175 150 125 100 75 50 25 Aedifica total return Epra Belgium total return Epra Europe total re
Slide 69: Shareholding
Shareholding1 (As of 30 June 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 27,496,869 shares are listed on Euronext Brusse
Slide 70: Awards
Awards EPRA EPRA Reporting: Best Practices Recommendations (BPR) > Annual Report 2013/2014 > Annual Report 2014/2015 > Annual Report 2015/2016 > Annual Report 2016/2017 > Annual Report 2017/2018 > Sustainability Report 2018 -70-
Slide 71: 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 72: Corporate governance
Corporate governance > Transparency > Board of Directors − NV/SA − 14 Directors ̶ 9 non-executive Directors of which − Management in the box 7 independent − 100% free float ̶ 5 executive Directors ̶ Gender diversity ratio: 43 % − No poison pills − Audit Committee − Nomination & Remuneration Committe
Slide 73: 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 74: Outlook
Outlook SARA Seniorenresidenz Bitterfeld-Wolfen - Germany -74-
Slide 75: Covid-19 impact
Covid-19 impact > Residential care portfolio (elderly & specialist care – approx. 93% of portfolio) > Occupancy drop due to temporary ‘excess mortality’ and admission stop during lockdown − Since May: back at normal mortality levels, but on average fairly slow recovery of occupancy − Nevertheless, i
Slide 76: Outlook FY 2019/2020 update
Outlook FY 2019/2020 update Following the extension of the 2019/2020 financial year until 31 December 2020 (18 months) > Budgeted rental income: €257 million > Budgeted EPRA Earnings: €156 million > Budgeted EPRA EPS: €6.05/share, taking into account dilution after capital increases of May 2019 and
Slide 77: 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 6.5 6.0 6.05 5.5 5.0 4.5 4.60 3.74 4.0 3.5 3.15 3
Slide 78: Conclusion
Conclusion Residentie Poortvelden Aarschot - Belgium -78-
Slide 79: 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: 20 years > Solid investment, equity and debt-financing
Slide 80: Stefaan Gielens – CEO, Ingrid Daerden – CFO
Stefaan Gielens – Chief Executive Officer Ingrid Daerden – Chief Financial Officer -80-
Slide 81: 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 82: 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 83: Appendix
Appendix Hof van Schoten Schoten - Belgium -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-