Shopper Park Plus Nyrt. · BET:SPPC
Shopper Park Plus Nyrt — H1 2026 Earnings Presentation
16 slides from Shopper Park Plus Nyrt's earnings presentation, Aug 6, 2026
Slide 1: H1 2026 Results
H1 2026 Results Earnings Call Presentation 6 August · Budapest shopperparkplus.hu
Slide 2: Disclaimer
Disclaimer This presentation, along with the accompanying slides and discussions, contains forward-looking statements. These statements are based on Shopper Park Plus Nyrt.'s current plans, estimates, and expectations, and as such, they are subject to uncertainty and may change due to various factor
Slide 3: H1 2026 Highlights
H1 2026 Highlights The 2026 financial trajectory substantiates the strategic concept of Shopper Park Plus EUR 23.5m 13.5m Q2 EUR 23.6m 13.4m Q2 Gross Rental Income Net Operating Income Asset footprint +56% YoY +82% YoY Hungary 2019 · 14 assets EUR 11.3m 6.6m Q2 27.8% PL Czechia EPRA Earnings Like-fo
Slide 4: Three key drivers behind the performance
H1 2026 Highlights Three key drivers behind the performance Portfolio & acquisitions Q2 2026 was the first quarter fully incorporating the revenues of the Polish portfolio, contributing EUR 4.1m to the GRI in 3 months. EUR 659m 1 Auchan Polska reported strong financials for 2025 and was recognized a
Slide 5: CEE retail sales: Poland leads in level terms, Hungary shows strongest momentum
Market Environment CEE retail sales: Poland leads in level terms, while Hungary shows the strongest momentum Retail sales volume, index: 2021 = 100 (seasonally and calendar-adjusted) 116 Poland 113.9 | +3.9% YoY 112 Record-high volumes, far above 2021: energy price shields cushioned the 2023 inflati
Slide 6: Consumer confidence: the Hungarian surge underpins the outlook, Slovakia is yet to turn
Market Environment Consumer confidence: the Hungarian surge underpins the outlook, Slovakia is yet to turn Consumer confidence indicator, seasonally adjusted balance, pp (higher = more optimistic) 5 Hungary +1.7 (Jul 26) 0 From the region's weakest sentiment to its only positive reading: confidence
Slide 7: Solid GRI growth combines with leakage compression for record-high NOI growth
H1 2026 Financial performance Solid GRI growth across the portfolios combines with leakage compression for record-high NOI growth GRI development (EUR m, Quarterly data) Quarterly Net Operating Income (EUR m) seed portfolio newly acquired assets 21.2% seed portfolio YoY growth (%) 13.4 10.2 21.2% 8.
Slide 8: NOI increased in all four markets
H1 2026 Financial performance NOI increased in all four markets — driven by rental income growth, leakage control and one-off items NOI by country, Q1 & Q2 2025 vs Q1 & Q2 2026 (EUR m) GRI EUR 10.9m (+18% YoY) · NOI +30% 5.7 HU Occupancy 93.6% (stable) · leakage down to 3.4% from 12.0% Re-leased Tes
Slide 9: Occupancy stabilized at 95% — Valuation rising steadily
Asset portfolio overview Occupancy stabilized at 95% — Valuation rising steadily, still leaving substantial room for capital growth 30 607k sqm 6.4 yrs EUR 7.4 93% EUR 1,085 BREEAM in-use „Very retail parks GLA WAULT avg. monthly rent (1) value per sqm Good” or higher Portfolio occupancy (%) Portfol
Slide 10: Consolidated Income Statement
H1 2026 Financial Statements · Consolidated Income Statement Strong topline growth with operational tailwinds driving value creation EUR m H1 2026 Q2 2026 H1 2025 Q2 2025 YoY (H1) Rental income Gross Rental income 23.5 13.5 15.1 8.0 56% 56% YoY increase in GRI was mainly attributable to: • integrati
Slide 11: Consolidated Balance Sheet
H1 2026 Financial Statements · Consolidated Balance Sheet Balance sheet remains robust and conservative post-acquisition and dividend distribution Assets, EUR m 30.06.2026 31.12.2025 Δ (%) Equity & liabilities, EUR m 30.06.2026 31.12.2025 Δ (%) Total assets 702.1 568.2 24% Total Equity and Liabiliti
Slide 12: EPRA Earnings more than doubled YoY
H1 2026 Financials · EPRA measures EPRA Earnings more than doubled YoY — Operational performance is outpacing valuation growth EPRA measures Unit H1 2026 H1 2025 Δ (%, bps) EPRA Net Initial Yield (%) EPRA Earnings EUR million 11.3 5.2 117% EPRA Earnings per share 1 EUR 0.47 0.35 34% 7.4% EPRA net in
Slide 13: SPLUS +25% YTD: BUX index inclusion boosted momentum
Share Price Performance SPLUS +25% YTD: BUX index inclusion boosted momentum, the June dividend was quickly absorbed SPLUS daily closing price, EUR (Budapest Stock Exchange) 15.5 BUX INCLUSION €0.92 DPS PAID 31 Mar: €13.60, +8.8% 1 Jun: €13.80, –4.8% BUX inclusion (eff. 1 Apr) 15.0 +8.8% on rebalanc
Slide 14: Value creation since the IPO
Value creation since the IPO 51% Total Return from the IPO to date — 23% delivered in cash Dividends Total return since IPO: 51%* 17.0 Total return: 28%* Total return: 6%* Total return: 17%* 16.0 15.0 0.92 14.0 1.76 0.76 0.60 0.84 13.8 13.0 EUR m 13.1 12.9 3.11 12.0 11.0 10.8 Capital raise of Capita
Slide 15: Anchor tenants: stable top lines, secured on long leases
Anchor tenant review Anchor tenants: stable top lines, secured on long leases at affordable rents Tesco HU HUNGARY Tesco CZ CZECHIA Tesco SK SLOVAKIA Auchan PL POLAND Four anchors, four markets Last published full financial year for each operating company. Financial year & basis FY25/26 to Feb '26 ·
Slide 16: Q&A
Q&A Thank you for your attention. Contacts Kristóf Bárány, CFA · Chairman of the BoD · kristof.barany@shopperparkplus.hu Gábor Tóth, CFA · Head of Investor Relations · gabor.toth@shopperparkplus.hu H-1027 Budapest, Kacsa utca 15-23. · shopperparkplus.hu
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