Slide 1: CTP N.V. Financial Highlights
CTP N.V. Financial Highlights Trading Update Q1 2021 Results presentation 12th of May, 2021 Parkmakers
Slide 2: CTP Q1 2021 Highlights
CTP Q1 2021 Highlights 1 GLA target of >7.5 million m2 by end 2021 on track; >1 million m2 under construction; YoC 11.5%; >70% pre-let 2 Record level of leasing activity (annualised rent roll increased >6% during Qtr 1, 2021); rental collection >98% 3 Land bank expanded to 13 million m2 to secure pi
Slide 3: GLA Target for 2021 on Track
2021 TARGETS 1 GLA Target for 2021 on Track Profitability of new developments exceeds planned target of >10% YIELD ON COST 11.6% 11.5% PIPELINE 2021 TARGET > 7.5 MILLION M2 AuM GLA 8,000 Thousands >7,500 >250 7,500 951 Q4 2020 Q1 2021 for properties developed/ under development 7,000 LAND BANK DEVEL
Slide 4: Record Level of Leasing Activity
2021 TARGETS 2 Record Level of Leasing Activity Strong Commercial Performance in all key metrics ANNUALISED WAULT OCCUPANCY RENTAL (years) (%) INCOME (1 (EUR million) 94% 6.4 94% 366 6 344 Q4 2020 Q1 2021 Q4 2020 Q1 2021 Q4 2020 Q1 2021 TOTAL PRE LET LIKE-FOR- LEASING RATE LIKE RENTAL ACTIVITY (% of
Slide 5: Land bank expanded to secure pipeline for 10 million m2 target in 2023
2021 TARGETS 3 Land bank expanded to secure pipeline for 10 million m2 target in 2023 600,000 m2 transferred to construction pipeline more than offset by 1 mln. m2 newly secured in Q1 2021 LAND BANK DEVELOPMENT Q-o-Q (million m2) 14.0 13.0 12.6 1.0 12.0 - 0.1 -0.5 3.8 3.7 10.0 8.0 6.0 8.8 9.3 4.0 2.
Slide 6: Landbank offers large development potential
2021 TARGETS 3 Landbank offers large development potential Substantial increase in Rent Roll secured RENTAL INCOME POTENTIAL FROM DEVELOPMENT ACTIVITIES 1 (€ Million) 500 450 16 439 36 423 400 6 15 366 350 300 250 200 150 100 50 - Rent in rent-free Current Pre-let, Filling Vacancy to 95% period Pipe
Slide 7: Geographic Expansion well under way
4 Geographic Expansion well under way New Opportunities in both Core and Expansion Markets PL Construction at three strategic NL locations, to begin during 2021 Launch of operations with new country head. SK Acquired a new site with income- producing assets & development CZ opportunity for CTPark Ži
Slide 8: Accelerated progress on ESG KPI's
Q1: PROMISES VS ACTUAL 5 Accelerated progress on ESG KPI’s Purchase of 2nd forest for conservation accelerates progress to carbon neutral footprint GENDER 100% 8 BREAKDOWN Female Male BREEAM Low Energy Solar farms Energy Generation LED Lights Panels on Roof 6.3 MWp (˜6.3 GWh/year) ZERO 48% 47% ON RB
Slide 9: Financial KPI's on track
2021 TARGETS 6 Financial KPI’s on track EPRA EPS increase 19.8% Y-o-Y EPRA NET RENTAL EARNINGS INCOME PER SHARE (1 (EUR million) (EUR) 78.1 0.12 0.10 Growing gap between CEE vs Western European Industrial Yields… 66.8 10% 9% 8% Q1 2020 Q1 2021 Q1 2020 Q1 2021 2.2% 2.2% 2.2% 2.4% 19.8% 16.9% 7% 2.5%
Slide 10: CTP continues to gain market share in its core markets
Q1: PROMISES VS ACTUAL 7 CTP continues to gain market share in its core markets1 Demand continues to outstrip supply CEE Market Players: Share of Take-up Q1 2021 #5 CTP captured nearly #4 6.2% 3.4% 34% of all take-up #3 regionally in Q1 7.0% CTP 33.9% CEE Market: New Supply & Take Up #2 Ownership Sh
Slide 11: Successful IPO and further bond Issuance
Key Q1 Accomplishments 8 Successful IPO and further bond Issuance IPO demonstrates significant interest in CTP business model; credit metrics improve IPO 25/03/2021 €819 €5.7 million billion NET RAISED MARKET CAP. 2.5 x Oversubscribed as of 7 May 2021 3rd Green Bond issued in February 2021 raising E
Slide 12: Funding & Liquidity Options Improved
Key Q1 Accomplishments 8 Funding & Liquidity Options Improved Q1 bond issuance and IPO underpin provide mid-term financial flexibility CONSERVATIVE RESIDUAL MATURITY OF DEBT (€ MILLION DUE IN FOLLOWING YEARS) RATINGS 31/12/2020 RECONFIRMED AS PER WITH FEBRUARY 31/03/2021 31 MARCH 2021 2021 ISSUANCE
Slide 13: Income Statement
Income Statement Summary Unaudited Consolidated Profit & Loss Statement for the Quarter ended 31 March 2021 in EUR thousand Q1 2021 Q1 2020 • Net Rental Income NRI: recorded 1.5% Like-for-like growth Rental income 77,833 68,382 Service charge income 7,402 6,046 Y-on-Y and benefited from more favoura
Slide 14: Balance Sheet
Balance Sheet Summary Unaudited Consolidated Balance Sheet per 31 March 2021: Assets In EUR thousand Assets Assets 31 March 2021 31 Dec. 2020 Investment property 5,514,164 5,386,230 § Gross Asset Value: increased to € 6.1 billion, mainly through pipeline completions in Hungary Investment property un
Slide 15: Balance Sheet
PARKMAKERS Balance Sheet Summary Unaudited Consolidated Balance Sheet: Equity & Liabilities In EUR thousand Equity & Liabilities Equity 31 March 2021 31 Dec. 2020 Issued capital 63,523 53,760 • Equity: Increased with IPO Net Proceeds (€ 819mln) and retained Translation reserve 14,049 14,458 earnings
Slide 16: CTP Full Speed
PARKMAKERS CTP Full Speed Parkmakers
Slide 17: Appendix 3.1: EPRA Calculations
Appendix 3.1: EPRA Calculations EPRA NTA EPRA NTA EPRA NTA EPRA Net Asset Value Metrics Q1 2021 Q4 2020 €9.35 IFRS Equity attributable to shareholders 3,181,489 2,263,202 Diluted NAV at Fair Value 3,181,489 2,263,202 Exclude*: i) Deferred tax in relation to fair value gains of IP (510,329) (500,129)
Slide 18: Appendix 3.2: EPRA Calculations
Appendix 3.2: EPRA Calculations Earnings EPRA Earnings (amounts in TEUR) Q1 / 2021 Q1 / 2020 Earnings per IFRS income statement 98,486 56,821 Adjustments to calculate EPRA Earnings, exclude: Changes in value of investment properties, development properties held for investment and (i) 67,101 28,680 o
Slide 19: Appendix 3.3: EPRA Calculations
Appendix 3.3: EPRA Calculations Net Initial Yield 5.8% EPRA NIY and 'topped-up' NIY1 Investment property – wholly owned Q1 / 2021 5,630,992 Q4 / 2020 5,447,632 EPRA NIY Less: developments 470,832 387,347 Completed property portfolio 5,160,160 5,060,285 Gross up completed property portfolio valuation
Slide 20: Appendix 4: Board of directors
44 FurtherStrengthening Further Strengtheningof ofCorporate CorporateGovernance Governance naugural Bond e Inaugural Bond Appendix 4: Board of directors in in September 2020 September 2020 Key Investment Key Highlights Investment Highlights QualifiedBoard Qualified BoardofofDirectors DirectorsCoveri
Slide 21: Definition of used terms
Appendix 4 Definition of used terms Annualised Rental Income: rent roll as per the end of period, including service charge income (Base rent plus other rental income plus extras for above standard technical improvement plus services minus rent frees) Company Specific Adjusted EPRA EPS: the profit fo
Slide 22: Disclaimer
Disclaimer This communication contains information that qualifies as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. This announcement may include statements which may be deemed to be, "forward-looking statements". These forward-looking statements may be iden
Slide 23: Parkmakers
PARKMAKERS PARKMAKERS Parkmakers by cTP.