Premia Real Estate Investment Company Societe Anomyme · ATHEX:PREMIA
Premia Real Estate Investment Company Societe Anomyme — Premia Real Estate Investment Company — Investor Presentation (May 2025)
31 slides from Premia Real Estate Investment Company Societe Anomyme's investor presentation, May 2025
Slide 1: Company Presentation | May 2025
Company Presentation| May 2025
Slide 2: Agenda
Agenda 1 The story so far 2 Financials 3 Portfolio & Projects 4 Premia’s investment case 2
Slide 3: Agenda
Agenda 1 The story so far 2 Financials 3 Portfolio & Projects 4 Premia’s investment case 3
Slide 4: We are the fastest growing real estate investment company
We are the fastest growing real estate investment company Total investments1 in € mn 526 498 17x 307 273 199 106 31 2019 2020 2021 2022 2023 2024 Q1 2025 Properties under 5 17 27 50 51 61 68 management2 Sterner Stenhus acquired a NLTG becomes a strategic €75m combined SCI € 100m listed bond controll
Slide 5: Where we stand today
Where we stand today Properties under Gross buildable Total Total management area(GBA) Investments Assets 68 494K sqm €526 m €551 m (as of 31.03.2025) (as of 31.03.2025) (as of 31.03.2025)1 (as of 31.03.2025) Net Asset Value Market Net Loan-to-Value Credit (NAV) Capitalization (Net LTV) Rating €200m
Slide 6: We benefit from strong & strategically invested key shareholders
We benefit from strong & strategically invested key shareholders Successful sponsor with proven ability to create value Shareholding Structure 1 Sterner Stenhus Greece AB (“SSG") is the largest shareholder of PREMIA, holding a 37.88% stake. SSG is 100% subsidiary of Sterner Stenhus Holding AB (“SSH”
Slide 7: We are committed to sound corporate governance practices
We are committed to sound corporate governance practices Active Board of Directors Elias Georgiadis Frank Roseen Vasileios Andrikopoulos 8-member BoD Chairman of the BoD Vice Chairman of the Independent & Exec. BoD Member BoD & Non-Exec. BoD Non-Exec. BoD Member • 5 Non-Executive Members (including
Slide 8: Our strategy is clear and has delivered substantial results
Our strategy is clear and has delivered substantial results FINANCING Effective capital raising through equity/debt capital markets and bank financing • Active capital structure management ASSET MANAGEMENT • Debt cost optimization Value creation through a well-curated and • Clear dividend policy act
Slide 9: We are focused on sustaining consistent growth and performance in the long-term
We are focused on sustaining consistent growth and performance in the long-term We aim to continue our growth trajectory and create value through profitable investments and active portfolio management Target to reach € 1bn in assets in 3-5 years Selective divestments for the purpose of portfolio opt
Slide 10: Agenda
Agenda 1 The story so far 2 Financials 3 Portfolio & Projects 4 Premia’s investment case 10
Slide 11: Strong & consistently improving financial performance
Strong & consistently improving financial performance Revenue EBITDA €mn €mn 37.1 24.4 23.0 14.1 10.8 16.9 22.4 2.1 19 5.8 15.1 7.1 14.1 2.6 12 08 7.5 0.3 9.5 8.2 3.7 2.3 4.9 4.6 2021 2022 2023 2024 Q12024 Q12025 2021 2022 2023 2024 Q12024 Q12025 Adjusted EBITDA Adjustments (incl. Revaluations & Non
Slide 12: Disciplined capital management supporting sustainable growth
Disciplined capital management supporting sustainable growth Total assets NAV * €mn €mn NAV NAV/share NAV per share** in € 2.08 2.11 1.64 1.71 1.45 524.9 551 197.9 200.2 324.9 356.1 141.1 147.2 236.1 125.9 2021 2022 2023 2024 Q12025 2021 2022 2023 2024 Q12025 Debt profile (as of 31.03.25) Gross Debt
Slide 13: FY2025: Step-change in revenues and operating profitability
FY2025: Step-change in revenues and operating profitability (in € mn) FY 2024 (ACT) FY 2025 (F) Total Revenue 22.4 > +50% 34-35 Adjusted EBITDA 14.1 > +55% 22-23 Positive drivers Risks Full-year contribution of major investments such as the ! Timely completion of planned transactions and projects
Slide 14: FY 2024 Actual -> FY 2025 Estimate Bridge
FY 2024 Actual -> FY 2025 Estimate Bridge Revenue Adjusted EBITDA € mn € mn 9-10 34-35 9-10 (1.5) (0.8) 22-23 2.4 22.4 1.5 14.1 Total Revenue 2024 Effect from properties Revenue from new Total Revenue 2025 Adjusted EBITDA Effect from Revenue from Gain from sale of Other Adjusted EBITDA operating wit
Slide 15: Agenda
Agenda 1 The story so far 2 Financials 3 Portfolio & Projects 4 Premia’s investment case 15
Slide 16: Investment Portfolio Snapshot 31.3.2025
Investment Portfolio Snapshot 31.3.2025 Income Producing Properties PPP (10 schools) 46 properties 434k sqm 10 properties 36.5k sqm (as of 31.3.2025) GBA (as of 31.3.2025) GBA €435.5 m Until 2041 €34.5 m Partnership right (Financial asset GAV Duration of Partnership at amortized cost as of Right 31.
Slide 17: Well-diversified portfolio with prime properties
Well-diversified portfolio with prime properties GAV per Asset Class Geographical Distribution Land plot 1% Hotels Logistics & 23% Warehouses 29% Rest of Greece Industrial & €496 mn 1 42% Wineries Retail /Big boxes 6% 3% €496 mn 1 Serviced Attica Offices apartments 58% 19% Schools 7% 11% Annualized
Slide 18: Long term contracts & creditworthy tenants
Long term contracts & creditworthy tenants Key Portfolio Metrics Diversified and high-quality tenant base 7.2% 2 Gross Yield Other 27% 35% 9.7 years 3 WAULT 99.7% Occupancy Rate 14% 4% 100% of the annualized rent 5% indexed to CPI/CPI+ (92%) 6% 5% 5% or increased contractually (8%) % of Annualized R
Slide 19: We integrate ESG into all activities
We integrate ESG into all activities Environmental Social Governance ✓ Donation to Society ✓ Inclusion in Indices ✓ Green Certifications • Participated for the second • Support services (i.e., medical) and consecutive year in the Athens Stock 59k sqm office complex certified LEED key infrastructure
Slide 20: Agenda
Agenda 1 The story so far 2 Financials 3 Portfolio & Projects 4 Premia’s investment case 20
Slide 21: Premia is trading broadly in line with domestic peers, still below European average
Premia is trading broadly in line with domestic peers, still below European average European REITs & Greek Peers P/NAV evolution IR Activity • Share buyback program in progress • 111,904 treasury stocks as of 31.03.2025 • 1,563,177 treasury stock were utilized in Dec. 2024 for the hotels transaction
Slide 22: A differentiated investment proposition
A differentiated investment proposition Solid Portfolio with unique assets strategically positioned in resilient sectors with high yields, high quality and diversified tenant mix, long term leases and stable cash flows Portfolio Growth Strategy and a proven track record in delivering growth through
Slide 23: Appendix
Appendix 23
Slide 24: Top income producing properties
Top income producing properties Sunwing hotels Piraeus 180 office Logistics (Aspropyrgos) Logistics (Elefsina) 4-star beachfront hotel resorts LEED GOLD Offices High quality warehouse facility High quality logistic facility Overview Acquisition of Sunwing Kallithea Beach Conversion of a former mall
Slide 25: Key transactions & developments in progress
Key transactions & developments in progress Kalamaria office Public School Student apartments Office building redevelopments Newly built public-school complex Redevelopment of 5 buildings to modern student Investment: €6.6 mn Investment: €6.6 mn housing Completion date: Q1 2026 Completion date: Q2 2
Slide 26: JVs in place with reputable partners
JVs in place with reputable partners Skyline Renti Navarino winery IQ Karella One of the largest real estate portfolio Acquisition of Village Shopping & More at JV with TEMES for the construction of a JV with Dimand Group for a development transactions in Greece Renti modern winery of a property Ove
Slide 27: Key Market and Trading Information
Key Market and Trading Information Stock Data Bond Data Share Capital €47,866,602 Issue Size €100,000,000 Shares Outstanding 95,733,204 # of Bonds Issued 100,000 ISIN GRS497003012 ISIN GRC4971221B3 Tickers ΠΡΕΜΙΑ (ASE) Tickers ΠΡΕΜΙΑO1 (ASE) PREMr.AT (Reuters) PREMIA 2.8 01/25/27 Corp (Bloomberg) PR
Slide 28: Consolidated income statement - IFRS
Consolidated income statement - IFRS STATEMENT OF COMPREHENSIVE INCOME amounts in € (000s) FY 2021 FY 2022 FY 2023 FY 2024 Investment properties rental income 6,523 12,151 15,362 18,865 Income from provision of services 2,999 2,929 3,631 3,489 Total income 9,521 15,079 18,993 22,354 Gains on sale of
Slide 29: Consolidated balance sheet - IFRS
Consolidated balance sheet - IFRS STATEMENT OF FINANCIAL POSITION amounts in € (000s) FY 2021 FY 2022 FY 2023 FY 2024 Investment properties 146,776 229,066 260,895 430,440 Advances for the purchase of investment properties 12,934 2,869 6,678 4,246 Financial assets at amortised cost 32,961 36,644 34,
Slide 30: Important Notice and Disclaimer of Liability
Important Notice and Disclaimer of Liability THIS DOCUMENT MAY ONLY BE USED IN CONJUNCTION WITH AND SUBJECT TO THE TERMS OF THIS NOTICE & DISCLAIMER OF LIABILITY THIS PRESENTATION DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER FOR SALE OR SOLICITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR ANY SECURITI
Slide 31: PREMIA
PREMIA Properties
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