Mlp Group Sa · GPW:MLG

Mlp Group Sa — H1 2023 Earnings Presentation

66 slides from Mlp Group Sa's earnings presentation, August 2023

  1. Slide 1: Investor Presentation August 2023

    INVESTOR PRESENTATION August 2023

  2. Slide 2: Agenda and Team

    AGENDA AND TEAM 1 2 1H 2023 Executive Summary MLP at a glance 3 9 3 1H 2023 leasing results 29 4 Yields 43 5 Financial activity in 1H 2023 45 6 Sustainable development 61 7 ESG strategy 64 Radosław T. Krochta Monika Dobosz Chief Executive Officer Chief Financial Officer Investor presentation August

  3. Slide 3: 1H 2023 Executive Summary

    1. 1H 2023 EXECUTIVE SUMMARY 3

  4. Slide 4: Main highlights in PLN

    1. 1H 2023 EXECUTIVE SUMMARY 6 MLP Main highlights in PLN enn 99.8 PLN —- 82. Zeus -4% vs. YE 2022 Value of investment properties NAV NAV per share Net loss 161K on 85% Signed & to be signed by of our portfolio September 2023 certified with very good BREEAM/DGNB Austria and Germany by 3Q 2023 EBITDA

  5. Slide 5: Main highlights in EUR

    1. 1H 2023 EXECUTIVE SUMMARY q MLP Main highlights in EUR @RouP 22.4 EUR = -17.Qnoes -4% vs. YE 2022 Value of investment properties NAV NAV per share Net loss 1 61 k sqm. 85 Y% Signed & to be signed by of our portfolio . Sapien A023 certified with very good EBITDA without é BREEAM/DGNB revaluation F

  6. Slide 6: Key points in 1H 2023

    1. 1H 2023 EXECUTIVE SUMMARY Key points in 1H 2023 GROSS ASSET VALUE (in EUR MN)* 936 954 EUR: 4,6899 EUR: 4,4503 729 EUR: 4,5994 497 419 EUR: 4,6148 334 EUR: 4,2585 EUR: 4,3000 2018 2019 2020 2021 2022 1H 2023 *Gross Asset Value without Perpetual Usufruct PLN/EUR strengthening had the greatest impa

  7. Slide 7: Key challenges for 2H 2023 and 1H 2024

    1. 1H 2023 EXECUTIVE SUMMARY Key challenges for 2H 2023 and 1H 2024 DEPLOYING ACQUIRED PLOTS START CITY LOGISTIC PROJECTS MLP Wrocław West (2nd stage) IN 2H 2023: Building permit for the buildings expected 1Q/Q2 2024 and subsequent possible start of construction 2Q/Q3 2024. MLP Business Park Poznań

  8. Slide 8: New plots acquisition

    1. 1H 2023 EXECUTIVE SUMMARY New plots acquisition 8.4 ha 6.4 ha MLP Berlin Poland MLP Poznań West Spreenhagen Berlin (extension) Poznań approx. 40,000 sqm approx. 30,000 sqm Łódź Germany Bieruń 11.6 ha 10.4 ha MLP Łódź MLP Bieruń approx. 30,000 sqm approx. 60,000 sqm Austria Romania Investor presen

  9. Slide 9: MLP Group at a Glance

    2. MLP GROUP AT A GLANCE

  10. Slide 10: Leading Integrated European Logistics Property Platform

    2. MLP GROUP AT A GLANCE Leading Integrated European Logistics Property Platform PREMIUM CLASS-A ASSET BASE 1 MLP Group is powerful vertically-integrated business model with full range of in-house capabilities, from property development to management. 2 Very experienced team – each senior team membe

  11. Slide 11: Vertical integration

    2. MLP GROUP AT A GLANCE Vertical integration OWN PROPERTY LOCATION SEARCH DESIGN & PERMIT CONSTRUCTION FIT-OUT MLPG ENERGY MANAGEMENT MLPG provides an MLPG applies and obtains Each time before the After construction of the After move-in, MLPG park MLPG is energy overview of potential all required p

  12. Slide 12: Two property types

    2. MLP GROUP AT A GLANCE Two property types BIG BOX (i.e. large-scale) warehouses, primarily addressing City Logistics (MLP Business Parks) are operating as MLP e-commerce growth and increased demand from light Business Parks and offering small warehouse units (ranging industry customers, driven by

  13. Slide 13: Premium Class-A Asset Base

    2. MLP GROUP AT A GLANCE Premium CLASS-A Asset Base Clear height of warehouse space: 10 m or 11.5 m Gas heaters above ESFR sprinkler docks installation LED Lighting 300 lux Skylights 3% of roof area Clear height Fire load above –10/11,5 m 4 000 MJ/sqm Hörmann / Novoferm gates 6 T/sqm Column grid of

  14. Slide 14: Premium Class-A Asset Base

    2. MLP GROUP AT A GLANCE Premium CLASS-A Asset Base Buildings with High standard daylight access offices on three sides Glass façade Air conditioning Ample parking places for trucks and personal cars. Investor presentation August 2023 14 MLP GROUP 1Q 2023 RESULTS

  15. Slide 15: Exemplary construction costs vs. capital value upon completion

    2. MLP GROUP AT A GLANCE Exemplary construction costs vs. capital value upon completion in Poland, Germany, Austria EXEMPLARY CONSTRUCTION COSTS VS. CAPITAL VALUE PER BUILDINGS’ IN SQM POLAND GERMANY & AUSTRIA 1 450 EUR 650 EUR 800 EUR 450 EUR 350 EUR 150 EUR Total cost Capital Value Total cost Capi

  16. Slide 16: MLP Group is active in European countries

    2. MLP GROUP AT A GLANCE MLP Group is active in 4 European countries 1.07 mn sqm GLA 1.62 mn Gorzów Wielkopolski Poland Berlin Poznań Pruszków Unna Germany Zgorzelec Łódź Teresin sqm landbank Gelsenkirchen Lublin Wrocław Niederrhein Idstein Czeladź Gliwice 4.67 MWp Installed PV Vienna Austria Romani

  17. Slide 17: 1,070 mn sqm under management

    2. MLP GROUP AT A GLANCE Key points in 1H 2023 1,070 MN SQM UNDER MANAGEMENT – PIVOTING INTO ASSETS MANAGER GVA BREAK-DOWN OF YIELDING INSTALLED ASSETS/NON-YIELDING => 89%/11% PV 4.67 MWP (9% PLOTS AND 2% CONSTRUCTION) (DEPLOYED 6.46 MWP) Investor presentation August 2023 17

  18. Slide 18: Key points in 1H 2023 in PLN

    2. MLP GROUP AT A GLANCE Key points in 1H 2023 in PLN Rental income in 1H 2023 LTV EPRA EARNINGS in 1H 2023 Total annualized future rental income FFO NAV * PLN 104 mn drop out of FX difference PLN 224 mn Investor presentation August 2023 OPERATIONAL HIGHLIGHTS 97.6% 8.5% Development yield +7% 1H 202

  19. Slide 19: Key points in 1H 2023 in EUR

    2. MLP GROUP AT A GLANCE Key points in 1H 2023 in EUR FINANCIAL HIGHLIGHTS OPERATIONAL HIGHLIGHTS 21.7 mn EUR 50.4 mn EUR 97.6% 7.0 yrs +50% vs. 1H 2022 Rental income Total annualized in 1H 2023 future rental income Occupancy WAULT 35.7 % 12.6 mn EUR 8.5% +15.1% +58% vs. 1H 2022 1H 2023 vs. 1H 2022

  20. Slide 20: Strong operating position at an attractive valuation

    2. MLP GROUP AT A GLANCE Strong operating position at an attractive valuation MLP GROUP - OUTPERFORMANCE IN 1H 2023 Like-for-Like rental Rental revenue growth Company Country of origin LTV growth y/y MLP +15.1% +49% 35.7% CTP +7.5% +26.8% 45.9% SEGRO +5.1% +12% 34.0% WDP +6.1% +15.3% 38.3% Logicor*

  21. Slide 21: Strong operating position at an attractive valuation

    2. MLP GROUP AT A GLANCE Strong operating position at an attractive valuation WAULT (YEARS) LTV 55% 12.1 50% 46% 41% 38% 37% 8.3 36% 34% 7.0 7.1 30% 6.5 5.3 5.3 4.6 MLP WDP VGP Montea Tritax Catena CTP Intervest MLP WDP VGP Montea Segro Tritax Catena CTP Intervest Source: Bloomberg, Dealogic, Compan

  22. Slide 22: Portfolio vault and leases due to expire

    2. MLP GROUP AT A GLANCE Portfolio Vault and leases due to expire 7.0 years 100% 2.6% 57% Average term of Retention rate Vacancy lease agreements 13% 11% 10% 5% 2024 2025 2026 2027 >2028 % of leases due to expire Investor presentation August 2023 22 MLP GROUP SUPERVISORY BOARD MEETING JULY 2022

  23. Slide 23: Projects timing

    2. MLP GROUP AT A GLANCE Projects timing PHASING OF THE PROJECTS LOGISTIC SITE MLP PRUSZKÓW II MLP WROCŁAW MLP POZNAŃ WEST II BP POZNAŃ (SBU) MLP ŁÓDŹ II BP ŁÓDŹ (SBU) MLP CZELADŹ MLP GORZÓW WIELKOPOLSKI MLP GLIWICE MLP ZGORZELEC MLP BUCHAREST WEST MLP VIENNA MLP IDSTEIN MLP SCHWALMTAL MLP GELSENKIR

  24. Slide 24: Accelerated landbank acquisitions

    2. MLP GROUP AT A GLANCE ACCELERATED LANDBANK ACQUISITIONS Replenishing & growing development capacity 52% x2 52% situated adjacent Potential development to our existing of the landbank is 1 mn sqm or new parks which doubles the portfolio’s size POTENTIAL FOR DEVELOPMENT BY COUNTRY IN SQM TOTAL LAND

  25. Slide 25: MLPG investment criteria (1)

    2. MLP GROUP AT A GLANCE MLPG investment criteria (1) 1 Focus on A class, green projects in core location across Europe with A class tenants (1-2 D&B rating) 2 Focus on City logistics projects - City logistics projects as a high growth potential product and with high level of economic resiliency 3 F

  26. Slide 26: MLPG investment criteria (2)

    2. MLP GROUP AT A GLANCE MLPG investment criteria (2) 6 Allocating capital to B-class projects – projects shall be purchased only at a bargain price with a large discount to the market, and prior to acquisition the future conversion costs to the ESG/green bond framework standards should be specified

  27. Slide 27: Yielding projects Poland & Germany

    2. MLP GROUP AT A GLANCE YIELDING PROJECTS Poland & Germany MLP POZNAŃ MLP POZNAŃ WEST II MLP WROCŁAW MLP GLIWICE MLP PRUSZKÓW I MLP PRUSZKÓW II MLP LOGISTIC PARK UNNA MLP BUSINESS PARK BERLIN I Investor presentation August 2023 27 MLP GROUP 1Q 2023 RESULTS

  28. Slide 28: Projects under construction

    2. MLP GROUP AT A GLANCE PROJECTS UNDER CONSTRUCTION Poland & Germany & Austria & Romania MLP ZGORZELEC MLP BUSINESS PARK POZNAŃ MLP BUSINESS PARK NIEDERRHEIN MLP BUCHAREST WEST MLP GORZÓW MLP CZELADŹ MLP BUSINESS PARK VIENNA MLP ŁÓDŹ Investor presentation August 2023 28 MLP GROUP 1Q 2023 RESULTS

  29. Slide 29: 1H 2023 Leasing Results

    3. 1H 2023 LEASING RESULTS 29

  30. Slide 30: General leasing outlook

    3. 1H 2023 LEASING RESULTS General leasing outlook LEASING TAKE-UP LONGER GENERAL E-COMMERCE LIGHT INDUSTRY RESHORING PIPELINE DECISIONS CONTRACTORS In 1H 2023 Occupiers taking longer Lower demand Strong demand by light Strong reshoring trend, General contractors leasing take-up pipeline to make fin

  31. Slide 31: MLPG leasing outlook

    3. 1H 2023 LEASING RESULTS MLPG leasing outlook 1 As occupier demand remains robust and the supply of new industrial & logistics space is decreasing, vacancies stay low, allowing us to continue to drive rental growth. On contrary, occupiers taking longer to make final decisions thus majority of the

  32. Slide 32: Occupier take-up

    3. 1H 2023 LEASING RESULTS Occupier take-up OCCUPATIONAL DEMAND REMAINS HIGH BUT TAKE-UP HAS SLOWED FURTHER IN 1Q 2023* Occupier take-up 7 000 000 Occupier take-up (sqm) 6 000 000 5 000 000 4 000 000 3 000 000 2 000 000 1 000 000 0 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2

  33. Slide 33: Investment market

    3. 1H 2023 LEASING RESULTS Investment market INVESTORS AND CAPITAL TARGETING INDUSTRIAL ASSETS REMAINS HIGH DESPITE FALL-BACK IN ACTIVITY FOLLOWING RAPID REPRICING* Prime logistics yields by country** 10% 9% 8% 7% Prime yield 6% 5% 4% 3% 2% Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4

  34. Slide 34: Rental growth

    3. 1H 2023 LEASING RESULTS Rental growth PRIME HEADLINE RENTAL LEVELS HAVE CONTINUED TO RISE INTO 1Q 2023* AND EXPECTED TO CONTINUE TO GROW IN NEAR TERM Prime rental growth by country**, rebased to Q4 2017 = 100 160 150 140 130 120 110 100 90 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q

  35. Slide 35: Business confidence index (BCI)

    3. 1H 2023 LEASING RESULTS Business confidence index (BCI) PRIME HEADLINE RENTAL LEVELS HAVE CONTINUED TO RISE INTO 1Q 2023* AND EXPECTED TO CONTINUE TO GROW IN NEAR TERM * Data as of March 31, 2023 due to lack of updated report as at June 30, 2023 Source: OECD Investor presentation August 2023 35

  36. Slide 36: Key development points in 1H 2023

    3. 1H 2023 LEASING RESULTS Key development points in 1H 2023 1 100% of lease contracts indexed as of February with inflation (8.6 HICP EZ or 9.2 HICP EU) 2 Rental contract as at 1H 2023 approx. 161 ths sqm, signed and to be signed by September 2023 => stable growth as previous year 3 General contrac

  37. Slide 37: New lease agreements in 1H 2023

    3. 1H 2023 LEASING RESULTS New lease agreements in 1H 2023 CURRENT STATUS AND PLANNED LEASING BUDGET IN SQM Σ 120 444 Σ 90 182 64 302 22 990 25 880 2 872 4 400 POLAND GERMANY AUSTRIA ROMANIA TOTAL Signed in 1H23 To be signed in August/September 2023 (at an advanced stage of negotiations) Investor pr

  38. Slide 38: Spec buildings under construction in 1H 2023

    3. 1H 2023 LEASING RESULTS Spec buildings under construction in 1H 2023 SPEC BUILDINGS IN 1H 2023 108.1K SQM 26% 16% 10 yrs Speculative development started in 1H 2023 Average rental rate is (Poland & Romania) Already leased higher vs 1H 2022 WAULT 108 110 34 970 27 500 27 554 21 000 16 054 16 000 9

  39. Slide 39: Partnership that deliver robust & growing income streams

    3. 1H 2023 LEASING RESULTS - OUR CLIENTS Partnership that deliver robust & growing income streams STRONG OPERATING METRICS 1.08 mn sqm 97.4% 100% 100% 98% Leased area Occupancy Retention rate Lease contracts Rent collection indexed with EURO HICP without CAP TENANTS BY SECTOR LEASED AREA 2023 Produc

  40. Slide 40: Our tenants – diversified tenants' portfolio

    3. 1H 2023 LEASING RESULTS Our tenants – diversified tenants’ portfolio TOP 10 TENANTS IN SQM 57 382 57 195 56 438 45 707 44 088 41 762 Top 10 Tenants provide 33 032 30 430 35% of annual rental 26 690 income 26 407 Investor presentation August 2023 40 MLP GROUP 1Q 2023 RESULTS

  41. Slide 41: Main leasing deals

    3. 1H 2023 LEASING RESULTS Main leasing deals REPEAT CLIENTS NEW TENANTS Investor presentation August 2023 41 MLP GROUP 1Q 2023 RESULTS

  42. Slide 42: Yields in 1H 2023

    4. YIELDS IN 1H 2023 42

  43. Slide 43: Yields forecast

    4. YIELDS Yields forecast FORECAST PROFITABILITY EXPECTATIONS BETWEEN PROPERTY YIELDS AND BONDS YIELDS Valuation: what to expect in 2023 – after slight increase in 2Q 2023 averaging by 25 bp, market expects yield decline in YE 2023 ranging between 10bp to 35bp and continue further decrease trend in

  44. Slide 44: Financial Activity in 1H 2023

    5. FINANCIAL ACTIVITY IN 1H 2023 44

  45. Slide 45: Key points in 1H 2023 - Financial position

    5. FINANCIAL ACTIVITY Key points in 1H 2023 - Financial position 1H 2023 1H 2022 1H 2021 1H 2023 YE 2022 1H2022 CHANGE 1H 2023 1H 2022 CHANGE 1H 2021 CHANGE (IN PLN (IN PLN (IN PLN (IN PLN (IN PLN (IN PLN (%) (IN %) (IN %) (p.p.) (IN %) (%) MN) MN) MN) MN) MN) MN) INVESTMENT 4 285.9 4 433.0 -3% 4 23

  46. Slide 46: Key points in 1H 2023 - Financial position

    5. FINANCIAL ACTIVITY Key points in 1H 2023 - Financial position AS AT 30 JUNE 2023 FFO IN EUR MN LTV1) 35.7% ICR 3.0x 12,6 NAV in EUR mn 538 58% Financial debts in EUR mn (all-in) 448 among which: 8,0 – Bank loans (secured on MLP's assets) in EUR mn 350 – Bonds (unsecured on MLP's assets) in EUR mn

  47. Slide 47: Revenues and costs

    5. FINANCIAL ACTIVITY Key points in 1H 2023 - Financial position REVENUES COSTS IN PLN MN IN PLN MN +51% Developed space Developed space 48.2 Recharge of utility costs as at 30.06.2022 as at 30.06.2023* 880 255 sqm 1 066 146 sqm +53% Recharge of service 37.3 +41% charges 31.5 +52% Rental income 24.6

  48. Slide 48: Net Asset Value Growth

    5. FINANCIAL ACTIVITY Net Asset Value Growth NET ASSET VALUE (IN MN PLN) NET ASSET VALUE (IN MN EUR) 533 538 2 498 2 394 397 1 825 263 1 212 220 939 190 815 2018 2019 2020 2021 2022 1H 2023 2018 2019 2020 2021 2022 1H 2023 Investor presentation August 2023 48 MLP GROUP 1Q 2023 RESULTS

  49. Slide 49: Net Asset Value Growth

    5. FINANCIAL ACTIVITY Net Asset Value Growth NAV CONTRIBUTION (IN MN PLN) 2 498 -228 2 394 20 28 97 -21 Equity as at 31.12.2022 Gain (loss) on revaluation Exchange differences on EBIT (without Net finance income Income tax Equity as at 30.06.2023 of investment property translation of foreign revalua

  50. Slide 50: Loans and bonds

    5. FINANCIAL ACTIVITY Loans and bonds EXISTING BANK LOANS BY MATURITY IN EUR MN • MLPG is a reliable financing partner, with a solid financial position. 176 • Having signed bank loan agreements with Polish and German banks MLP has secured financing of app EUR 50 mn for further development. 61 13 38

  51. Slide 51: Rental income and like-for-like rental growth

    5. FINANCIAL ACTIVITY RENTAL INCOME LIKE-FOR-LIKE RENTAL GROWTH IN PLN MN MAIN DRIVERS 1.3 +15.1% 13.3 +12.0% 7.3% renegotiations/ new contracts indexation 85.7 100.3 7.3% exchange rate change 8.4% 2.6% 2.1% -0.6% Rental income Passing rent Rent generated Rental income 1H 2022 1H 2023 2H 2022 on exi

  52. Slide 52: Annualized future rental income

    5. FINANCIAL ACTIVITY ANNUALIZED FUTURE RENTAL INCOME BASED ON ALL SIGNED CONTRACTS (IN MN PLN) Annualized rents Annualized rents Total annualized from contracts signed from new contracts rental income before 2023 and renewals signed in 1H 2023 93% 7% 100% 1 006 567 sqm 70 062 sqm 1 076 629 sqm 6,7

  53. Slide 53: Gross asset value

    5. FINANCIAL ACTIVITY GROSS ASSET VALUE BY ASSET TYPE: as at 30.06.2023 BY COUNTRY 9% 2% 2% 2% 14% POLAND EXISTING SPACE GERMANY UNDER CONSTRUCTION ROMANIA LAND AUSTRIA 82% 89% 2% 3% as at 30.06.2022 11% 14% 11% POLAND EXISTING SPACE GERMANY UNDER CONSTRUCTION ROMANIA LAND AUSTRIA 78% 81% Investor p

  54. Slide 54: Yield widening offset with increase in ERVs

    5. FINANCIAL ACTIVITY YIELD WIDENING SIGNIFICANTLY OFFSET WITH INCREASE IN ERVS PROPERTY YIELD* POLAND ERV growth per country +1.6% 26 bps POLAND +3.3% GERMANY GERMANY 12 bps ROMANIA ROMANIA +0.2% 13 bps PORTFOLIO 25 bps 0,00% 1,00% 2,00% 3,00% 4,00% 5,00% 6,00% 7,00% 8,00% 9,00% Reversionary Yield

  55. Slide 55: Change of fair value – existing buildings

    5. FINANCIAL ACTIVITY CHANGE OF FAIR VALUE (IN THS) – EXISTING BUILDINGS 1H 2023 VS YE 2022 + 62 012 - 16 567 805 390 850 835 Fair value Fair value Change of: Fair value as at YE2022 of the new buildings Fair value of the existing buildings as as at 1H 2023 developed in 1H 2023 at 1H 2023 (transferr

  56. Slide 56: Change of valuation per country

    5. FINANCIAL ACTIVITY CHANGE OF VALUATION PER COUNTRY 1H 2023 PORTFOLIO POLAND GERMANY ROMANIA AUSTRIA 2% 3% -4% 8% 5% • . Yields change (+/-) 1H 2023 vs. 2022: +25 bps +26 bps +12 bps +13 bps n/a The chart above does not include value of Perpetual Usufruct. 56 Investor presentation August 2023 MLP

  57. Slide 57: Change in property valuation (PLN)

    5. FINANCIAL ACTIVITY CHANGE IN PROPERTY VALUATION IN 1H 2023 (IN THS PLN) - PER QUARTER FX Valuation change Property value presented in FS for each quarter + 69 797 4 446 903 - 13 469 4 390 575 - 210 847 + 7 617 4 243 673 • . YE 2022 1Q 2023* 2Q 2023 The chart above does not include value of Perpet

  58. Slide 58: Change in property valuation (EUR)

    5. FINANCIAL ACTIVITY CHANGE IN PROPERTY VALUATION IN 1H 2023 (IN THS EUR) - PER QUARTER Valuation change between quarters* Property value presented in FS for each quarter +2 461 953 568 951 107 +14 922 936 185 • . YE 2022 1Q 2023 2Q 2023 The chart above does not include value of Perpetual Usufruct.

  59. Slide 59: The composition of the revaluation

    5. FINANCIAL ACTIVITY THE COMPOSITION OF THE REVALUATION IN PLN MN 2Q 2023 ( 53) ( 172) 8 Loss on revaluation: -217 1Q 2023 • . Loss on revaluation: -10 ( 69) ( 11) 70 ( 250) ( 200) ( 150) ( 100) ( 50) - 50 100 FX valuation change CAPEX and other adjustments 59 Investor presentation August 2023 MLP

  60. Slide 60: Sustainable Development

    7. SUSTAINABLE 6. SUSTAINABLE DEVELOPMENT DEVELOPMENT

  61. Slide 61: Green Industrial Developer – Energy

    6. GREEN INDUSTRIAL DEVELOPER Energy 100% GREEN ENERGY DELIVERED TO OUR CLIENTS MLP has contracted renewable energy to all parks by 2024 Importance to tenants: • Zero carbon emission • Tenant’s ESG ambitions • Renewable Energy as a crucial factor in the tendering processes both for tenant’s supplier

  62. Slide 62: Green Industrial Developer – Solar panels

    6. GREEN INDUSTRIAL DEVELOPER Solar panels ENERGY PRODUCTION ULTIMATE INCOME SOLAR PANELS INSTALLED CAPACITY Poland: (MWp) • 2022: 242 MWh – PLN 0.17 mln 10.55 • 2023: 3 025 MWh – PLN 2.27 mln • 2024: 6 140 MWh – PLN 4.61 mln Germany 6.46 6.46 • 2023: 1.2 MWp – EUR 150 ths deployed by Austria 2023 •

  63. Slide 63: ESG Strategy

    7. ESG STRATEGY 63

  64. Slide 64: ESG Strategy for MLP Group S.A.

    7. ESG STRATEGY For MLP GROUP S.A. E – Enivironmental goal Reducing the company's negative impact on the environment Tasks to achieve this goal: • renewable energy from PV + Energy efficiency • reducing water consumption • waste management • bio-diversity S - Social goal Drive a comprehensive effort

  65. Slide 65: ESG Strategy – Governance goal

    7. ESG STRATEGY For MLP GROUP S.A. G - Governance goal Incorporate ESG into business operations and reconcile corporate and social interests Tasks to achieve this goal: • consider issues relating to the environmental impact of projects, • human rights and climate change • in decision-making processe

  66. Slide 66: Thank you!

    Thank you! MLP GROUP S.A. ul. 3 Maja 8, 05-800 Pruszków, tel. +48 22 738 30 10 ir@mlpgroup.com www.mlpgroup.com

MLP Group — H1 2023 Earnings Presentation on 6ix