Slide 1: Company Presentation 4M 2025
Company Presentation 4M 2025
Slide 2: VGP key facts and figures
• • • Source: company information as of 31 December 2024 and April ‘25 when indicated with * 1Gross Asset Value of VGP, including Owned Portfolio and joint ventures at 100% as of 31 December 2024; 2Weighted average yield of own standing property portfolio as of 31 December 2024; 3 Including JV portf
Slide 3: Well diversified portfolio across Continental Europe
Well diversified portfolio across Continental Europe Investment Portfolio Breakdown By Status (in €- million)! Under construction , €684 €669 8% Completed €6.484 83% Investment Portfolio Breakdown By Owner (in € billion)’ Development land Investment Portfolio Breakdown By Country! Pui Other Italy G0
Slide 4: Well diversified portfolio across Europe
Well diversified portfolio across Europe Germany Czech Republic Latvia Portugal J 1. Berlin-Bernau 40. Brno 69. Kekava 103, Loures 2. Berlin Ludwigsfelde 41. Ceské Budéjovice i tie CEE ace 3, Berlin-Oberkramer 42. Cesky Ujezd + Traines io.sinte 4, Berlin-Wustermark 43, Chomutov P . 5. Bingen 44, Hré
Slide 5: Fully integrated business model
Fully integrated business model with in-house capabilities and competences Land * Identification of prime locations + Comprehensive due diligence— Technical, legal, environmental * Obtain the zoning and building permit Concept & design + In-house design of buildings basedon strict guidelines for mul
Slide 6: Successful and long-standing track record of geographic expansion
Successful and long-standing track record of geographic VGP expansion and continued delivery across markets... GAV (€mm) 7.837 7.194 Corporate activity 5.746 6.440 @ Capital market activity @ Acduisition / divestment 3.843 @ vs 2701 677. «1-195 1.506 se no 428 2007 225 106 226 — | | @ il © REE © EEE
Slide 7: Committed annualised rental income
Committed Annualised Rental Income And Number Of Tenancy Contracts • Increase in rental income Rolling rental income Number of contracts • € 450 600 Committed annualised rental income € 400 • 500 Number of tenancy contracts € 350 • € 300 400 € 250 300 € 200 € 150 200 € 100 100 € 50 €- 0 2016 2017 20
Slide 8: Committed leases to be activated in full within 4 years
€ 432 m committed leases, to be activated in full within in 4 years +19% € 432 mm or € 289 mm +4% at share rd € 364mm or €141mm € 227mm Own Portfolio €350 mm at share or €214mm €84.8mm at share Own Portfolio €74.6mm Own Portfolio €279.7 mm €291 mm €275.4mm Joint Ventures Joint Vent Joint Ventures De
Slide 9: Occupancy evolution and WALT
Occupancy evolution (%)1 Weighted average lease term (WALT) of the portfolio Combined 8.0 years JVs 7.2 years Own 9.7 years 2019 2020 2021 2022 2023 2024 4M 2025 0 2 4 6 8 10 12 14 Own Portfolio Joint Ventures First Break WALT • Top 10 clients by lease contract with JVs at 100% (% of total committed
Slide 10: Tenants by sector
• • Light industrial Logistics Image result for magna steyr Image result for Rieck Projekt Kontrakt Logistik Hamburg GmbH Co. KG Image result for ThyssenKrupp Elevadores, S.L.U. Image result for Geis Ersatzteil-Service GmbH E-commerce Other Image result for EGC Energie- und Gebäudetechnik Control Gm
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Slide 12: Calculated on basis of expected rental value and committed rental prices
• • • • 1Calculated on basis of expected rental value and committed rental prices
Slide 13: Well spread across our geographical footprint
..and is well spread across our geographical footprint Developments - geographic breakdown (by CARA+ERV) Slovakia 5% Croatia 5% Hungary aN France Germany 34% 5% 3% Czech Republic e 6% Italy 7% Austria Spain 10% 7% 9% Denmark Portugal go, 4% VGP Park Montijo, Portugal
Slide 14: Deliveries based on lettable sqm
• • • 1 Based on delivered lettable sqm
Slide 15: Examples of deliveries 4M '25
Examples of deliveries 4M ‘25 1 Based on lettable sqm
Slide 16: Owned and committed land bank
Owned and committed land bank • • •
Slide 17: VGP Park Russelsheim
wait) Hi] a ~ O VGP PARK RUSSELSHEIM Frankfurt ical Land surface 30 km 707,791 m2 Mainz 15km GLA of park 374,000 m2 Stuttgart 200 km Brownfield Highway 1 min Bus stop 1 min Airport 15km OPEL Vee ae Data Centre possibilities being assessed ona “= Florsheim rf X am Main’ ¢ —_ : > j 7 . BO ZEisensaum o
Slide 18: VGP Park Russelsheim: from old production location to a thriving hub
VGP Park Russelsheim: from old production location to a thriving VGP hub of innovation and economic activity Location: * Brownfield on the former Opel location * Excellent trimodal connectivity * The international finance centre of Frankfurt, Wiesbaden or Mainz can be reached within 20 minutes * On-
Slide 19: VGP Park Vélizy
WGP. Park Vélizy
Slide 20: VGP Park Vélizy: brownfield on prime location
VGP Park Vélizy: brownfield on prime location VGP Location: * Aunique brownfield location * Former Stellantis R&D site * Located on the junction of the outer ring road of Paris (A86) and N118 motorways * Just a few minutes from the capital * Located in the immediate vicinity of Paris-Saclay, a leadi
Slide 21: Renewable Energy
Renevn SS meee
Slide 22: Installed solar power increased by 34% YoY
Installed solar power increased by 34% YoY * Total electricity production over 2024 of 90 GWh (compared to 44 GWh for FY 2023) * Operational roof solar capacity per April ‘25 increased to 163.2 MWp (+4.8% YTD) + A further 42 projects or 37.5 MWp is under construction * In addition, 87 solar power pr
Slide 23: VGP Renewable Energy is stepping up investment in storage
VGP Renewable Energy is stepping up investment in storage VGP VGP Park Nijmegen BESS" phase | Battery Storage Capacity (MWh) 17 94,8 3.4 MW / 6.8 MWh H1 2025 71 Expected COD = BESS at VGP Park Nijmegen will in first instance provide support to the Dutch grid through frequency regulation 6,8 Under In
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Slide 25: Renewable Energy power installed up 53% YoY
EU Taxonomy DGNB Platinum Renewable Energy Green electricity First 6.8MWh battery (GERLAA-A, power installed up production 90GWh project adoption: 50.2%* of GERMUE-B,C,E, F) + 53% YoY to 155.7 (+96% YoY) commissioned + portfolio aligned BREEAM MWp. 83.9MWh pipeline Outstanding Including PV + 43% sel
Slide 26: Appendix
ppendix ; “A fh
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Slide 28: Net rental and renewable energy income up 6.6% YoY
Net rental and renewable energy income is up by 6.6% YoY to €67.7 mm Income Statement (€ thousands) • FY2024 FY2023 • • Joint Venture management fee + € 5.8 mm • • • Positive net valuation gains + € 99.1 mm • T • • 1 Reflects the yield on the own standing property portfolio (excluding JV, but includ
Slide 29: Income Statement details
Income Statement details Administration expenses (€ 12.4) mm FY2024 FY2023 • + € 6.8 mm on remuneration, including LTIP • + € 2.7 mm on depreciation • +€ 1.8 mm general admin • +€ 1.3 mm less capitalised expenses • 380 FTE, increase of 12.5 FTE Share of profit from JV’s and associates + € 103.5 mm a
Slide 30: EBITDA up 57% y.o.y.
EBITDA up € 129 mm y.o.y., or + 57% Investment Development Renewable Energy (€mm) FY ‘24 FY ‘23 (€mm) FY ‘24 FY ‘23 (€mm) FY ‘24 FY ‘23 Gross rental and renewable energy Gross rental and renewable energy Gross renewable energy 65.4 64.7 – – 8.3 4.4 income income income Property operating expenses (0
Slide 31: Investment Properties (own portfolio)
Investment Properties (own portfolio) incl. Disposal group held for sale total € 2,104 mm Consolidated Balance Sheet – Assets (€ thousands) • Completed portfolio: € 879 mm (‘23: € 1,154 mm) (€ - thousands) 31 Dec ‘24 31 Dec ‘23 • Under construction: € 579 mm (‘23: € 544 mm) • Development land: € 645
Slide 32: Shareholders' equity of €2,400 mm
Shareholders’ equity of € 2,400 mm Consolidated Balance Sheet – Shareholders equity and liability (€ thousand) • Following a net profit of € 287 million (€ thousand) 31 Dec ‘24 31 Dec ‘23 • And a dividend of € 101 million Total liabilities of € 2,254 mm (Dec 2023: € 2,196 mm) • Financial debts incre
Slide 33: Total debt, cost of debt and liquidity
Average cost of debt 3,40% ▪ € 2,057 mm total debt ▪ 2.2% Average cost of debt 3,20% ▪ Significant liquidity 3,00% ▪ € 493 mm Cash ▪ € 500 mm non-utilised Credit Facility 2,80% ▪ Bond maturities: 2,60% ▪ € 80 mm in 25 ▪ € 190 mm in 26 2,40% 2,20% 2,00% 2020 2021 2022 2023 2024 Source: Company inform
Slide 34: Record proceeds from disposals to Joint Ventures in '24
Record proceeds from disposals to Joint Ventures in ‘24 VGP In €-million Cash flow statement (Gahewsen) FY2024 FY2023 85,6 135,0 || Cash at beginning of period 209,921 699,168 808,7 |_| Net cash generated from operating (13,950) (27,331) activities " " Net cash used in investing activities 331,371 (
Slide 35: 4 years average debt maturity
Maturity profile financial debt (€mm) 4 years average debt maturity Source: Company information as of May 2025
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Slide 37: Gross Asset Value from closings per year with JVs
Gross Asset Value from closings per year with JVs (€m) Number of closings Net cash proceeds (€m) 2 1 1 3 4 1 3 3 4 235 122 290 339 409 50 347 676 809* 2016 2017 2018 2019 2020 2021 2022 2023 2024 932 1098 1098 887 887 887 68 68 68 68 666 666 666 666 666 610 610 610 610 610 610 400 400 400 400 400 40
Slide 38: Client Cases
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Slide 39: VGP Park München
GP Park Miinchen Germany
Slide 40: VGP Park München – BMW: battery competence centre
VGP Park Miinchen — BMW: battery competence centre VGP BMW : Pilot plant - competence centre for batteries supporting the transition to sustainable transport + Surface: 64.000 m? * R&D centre with highly qualified engineers - New battery cell samples are being produced at BMW Cell Manufacturing Comp
Slide 41: Video about BMW Group activities in VGP Park Munich
Video about BMW Group activities in VGP Park Munich
Slide 42: VGP Park München – Isar Aerospace: a satellite launch provider
VGP Park Miinchen - Isar Aerospace: a satelite launch provider - lsar Aerospace, based in Munich, develops and builds launch vehicles for transporting small and medium-sized satellites as well as satellite constellations into Earth's orbit. * The company was founded in 2018 as a spin-off of Technica
Slide 43: VGP Park Pamplona Noain
VGP Park Pamptona Noain Spain
Slide 44: VGP Park Pamplona - Noain
° VGP PARK , PAMPLONA - NOAIN 27 rai Pape 7 Land surface Gl teen [Ex] 147,700 me Z GLA of park a OK 73,338 me Bilbao Buildings a trom fl 2 fr Highway tkm & Mtn Airport a 7km Google maps HYUNDAI MOBIS
Slide 45: VGP Park Pamplona Noain – Hyundai Mobis
; HYUNDAI VGP VGP Park Pamplona Noain MOBIS +=" + Built To Suit project for Mobis, a global mobility solutions provider + Navarra is located in the northernmost part of Spain, the region is known as Europe's second-largest automotive manufacturing base after Germany, it is strategically located with
Slide 46: VGP Park Zagreb
VGP Park Zagreb Croatia
Slide 47: VGP Park Zagreb Lucko
VGP RARK LUCKO Ljubljana [;] Land surface 38km Ie] oz987 me Rijeka GLA 136k 37,238 me Vienna Buildin. 367 km f@ A 28,600" me Highway Direct acces th & Se => Railway station tok Google maps > a a a
Slide 48: VGP Park Zagreb
VGP Park Zagreb + Built To Suit project for Verne + 28.500 m? for an autonomous vehicle production facility + Extension possibilities for further expansion + Urban autonomous mobility ecosystem project * Sustainable building design * Technical features to fit the complex and high-tech needs of the c
Slide 49: VGP Park Arad
VGP Park Arad ~ Romania
Slide 50: VGP Park Arad – VAT
VGP Park Arad WAT + The new 21,000 m? facility for VAT will feature state-of-the-art manufacturing technologies and corporate offices + The new location is designed to accommodate the mid-term growth projections and meets the increasing demand and technical complexity of the product portfolio + The
Slide 51: Disclaimer
Disclaimer VGP ABOUT VGP VGP is a pan-European owner, manager and developer of high-quality logistics and semi-industrial properties as well as a provider of renewable energy solutions. VGP has a fully integrated business model with extensive expertise and many years of experience along the entire v