Slide 1: Corporate presentation Q4 2021
Corporate presentation Q4 2021 10/02/2022
Slide 2: Highlights 2021 Track '24 ESG Appendix
Highlights 2021 Track ‘24 ESG Appendix
Slide 3: Highlights 2021
Highlights Highlights Q32021 2021 Highlights 2021 EPRA result of € 3,75 per share Target: € 3,74 per share START 01/01/2021 Track'24 800 M€ Track'24 on 31/12/2021 200 M€ (growth of 7% compared to 2020) (initial target: € 3,68 per share of +5%) 800 M€ Invested 173 M€ In execution 160 M€ Identifie
Slide 4: Highlights 2021
Highlights Highlights Q32021 2021 Highlights 2021 This identified investment volume of € 333 million consists of a mix of: 40% of (in 2021 delivered & in execution at the end of 2021) development and expansion projects 40% of (in 2021 acquired & to be completed early 2022) standing investments
Slide 5: Highlights 2021: Main logistic hotspots
Highlights 2021 Focus areas in Germany are logistic hotspots, known as important logistic clusters with a stable demand for logistic real estate. Focus area in The Netherlands is the southern part of the country, with the ‘Randstad’ area (Amsterdam, Rotterdam, Den Haag, Utrecht) and Tilburg-Breda as
Slide 6: Overview of fair value portfolio
Highlights 2021 Overview of FV Portfolio (€ M) 1.698 42 € 1.548 M € 79 M Yearly rent Standing investments @100% occupancy Belgium France The Netherlands Germany 646 521 € 111 M €9M Developments Future rental income 423 210 213 326 174 201 € 35 M Solar panels €5M Income solar panels 139 134 176 109 €
Slide 7: Highlights 2021: Montea sites by country
Highlights 2021 Lille Antwerp Hamburg Berlin Ghent Paris Berlin Brussels Liège Cologne Leipzig Amsterdam Düsseldorf Charleroi Rotterdam Lyon Frankfurt Tilburg Marseille Main Logistic hotspots Munich Montea sites Current yield % of total Country # sites SQM (‘000) Fair Value Yearly Rent Occupancy @ 1
Slide 8: Strong portfolio KPIs
Highlights 2021 Strong portfolio KPI’s Continuous arbitration of portfolio Portfolio roll forward (in billion €) (e.g. € 100 M disposals in the last 7 years) Leading to exceptional portfolio KPI’s 7,3y 8,9y 99,7% Residual lease Average portfolio Occupancy rate term age 5,1% Current yield (at 100% oc
Slide 9: Occupancy rate & rental activity
Highlights 2021 Occupancy rate & rental activity Occupancy rate (%) Portfolio Management 99,7% 2021 2022 99,3% 99,4% 99,1% 98% 9% 98,1% of rental income of the YE 2021 current with a break or rent has a break or contract end in contract end in 2022, 2021, has been representing 96,5% 96,6% extended o
Slide 10: High qualitative client portfolio
Highlights 2021 High qualitative client portfolio Logistics type Type of Sector Multimodality Low risk profile 9% 10% 10% 39% 47% 58% 35% 19% 53% 3% 8% 9% Food & Beverage Retail Construction/Industry Brand Logistics (end user) Network Logistics (distribution) Automotive Pharma & Medical Other Yes No
Slide 11: High qualitative client portfolio
Highlights 2021 High qualitative client portfolio Top 10 of clients represent 30% of the rental income of 2021 Top 20 of clients represent 47% of the rental income of 2021 72% of sites are single tenant 4,5% 3,7% 3,5% 3,0% 2,8% 2,7% 2,7% 2,6% 2,4% 2,4% 11
Slide 12: Investments realised in 2021
Investments realised in 2021 1 2 Hamburg Berlin 2 Leipzig Mannheim (DE) - Acquisition Q3 2021 Düsseldorf Leverkusen (DE) – Acquisition Q4 2021 Acquisition of an 83.000 m² grey field site in Q3, with 1 Montea has signed a sale and lease back deal in Q3 for a development potential at a strategic locat
Slide 13: Investments realised in 2021
Investments realised in 2021 1 2 Antwerp Port of Zeebrugge (Port + Airport) Antwerp Port of Ghent Ghent 2 Brussels 1 Liège Tongeren (BE) – Acquisition Q4 2021 Ghent (BE) – Acquisition Q4 2021 Charleroi Montea reached in Q4 2021 an agreement with Expologic New structural partnership with Cordeel for
Slide 14: Investments realised in 2021
Investments realised in 2021 1 2 Antwerp Port of Zeebrugge (Port + Airport) 1 Antwerp Port of Ghent Ghent Circular and climate-neutral Blue Gate 2 Willebroek (BE) – Delivery Q4 2021 industrial estate in Antwerp (BE) – Delivery Brussels Liège In Q2 2021, Montea started the expansion and construction
Slide 15: Investments realised in 2021
Investments realised in 2021 Antwerp Port of Zeebrugge (Port + Airport) Antwerp Port of Ghent Ghent Brussels Brussels (BE) – Acquisition Q2 2021 Liège Montea and the Port of Brussels signed a land concession agreement for a fixed term of 30 years for a site of ca. 35.000 m². Charleroi Montea and DSV
Slide 16: Investments realised in 2021
Investments realised in 2021 1 2 1 Schiphol Airport (NL) – Delivery Q1 2 Ridderkerk (NL) – Acquisition Q2 2021 Parking Montea and VDH Forwarding & Warehousing B.V. Have signed a purchase agreement for a distribution centre of ca. Montea has acquired a plot of land of ca. 4.400m² in Q4 6.750 m² in Ri
Slide 17: Strong balance sheet
Investments realised in 2021 Strong balance sheet Shooting Debt ratio (%) capacity: > € 640 M 56,4% 55,8% 52,8% 52,1% 51,9% 51,3% 51,6% 51,3% 50,1% 49,9% towards 55% 38,6% 47,6% 39,4% 38,6% 38,0% 31/12/2021 (without taking into account further portfolio revaluation) 17
Slide 18: Financial KPI's
Financial KPI’s Financial KPI’s EPRA Cost Ratio & EPRA NIY NET DEBT / EBITDA & ICR 12,0 8,0 14,50% 13,3% 6,7 7,0 10,0 6,2 12,3% 5,5 6,0 11,7% 8,0 4,5 5,0 9,3% 9,50% 6,0 3,5 4,0 8,3% 8,8% 3,0 8,2 3,0 6,6% 4,0 7,4 6,5% 6,4% 7,2 6,0% 8,7 9,9 10,2 2,0 5,5% 2,0 4,9% 1,0 4,50% 0,0 0,0 2016 2017 2018 2019
Slide 19: Financing in 2021
Financing in 2021 Well diversified long term financing (impact of € 235 M Green Bonds included) Financing sources Maturity (y) Maturity creditlines & bonds 120,00 100,00 34% 5,7 80,00 5,6 60,00 66% 40,00 < 1% 20,00 0,00 MATURITY MATURITY '22 '23 '24 '25 '26 '27 '28 '29 '30 '31 '32 '33 '34 '35 '36 BA
Slide 20: Green Bonds Issuance
Financing in 2021 Green Bonds Issuance - € 235 M Montea raises € 235 M through the issuance of Green Bonds via the US Private Placement market with six internationally renowned investors 4 tranches: € 50 million - 10-year term (maturing on 27/04/2031) - coupon: 1,28% € 30 million - 10-year t
Slide 21: EPS & DPS
EPS & DPS Evolution of EPRA result per share & Dividend per share (€) 3,75 3,28 3,50 2,95 3,03 2,83 2,58 2,47 2,54 2,29 2,26 2,11 2,17 2,03 + 7% 2015 2016 (*) 2017 (*) 2018 (*) 2019 (*) 2020 (*) 2021 (*)(**) (*) As of 2016: EPRA result per share instead of Net Current Result (**) DPS subject to Gene
Slide 22: Highlights 2021 Track'24 ESG Appendix
Highlights 2021 Track’24 ESG Appendix 22
Slide 23: Track'24 and Outlook 2022
Track’24 EPS growth to € 4,30 in 2024 2020 2024 ( > 20% increase compared to 2020) € 3,50 EPRA earnings/share € 4,30 DPS growth to € 3,45 in 2024 ( > 20% increase compared to 2020) € 2,83 Dividend/share € 3,45 Investment volume growth of over € 800 million in 4 years Since the beginning of 2
Slide 24: Acquired landbank
Acquired landbank TOTAL LANDBANK 2,0 mio m² Market value Market value/m² ACQUIRED LANDBANK 1,5 mio m² of of € 260 mio 182€/m² UNDER CONTROL 0,5 mio m² 68% yielding 100% situated in logistic & industrial zonings @ 4% Future development potential > 1,0 mio m² Extension potential of current portf
Slide 25: Investments realised in 2022
Investments realised in 2022 1 2 Amsterdam (Port + Airport) 2 Rotterdam ‘s Hertogenbosch & Zwolle (NL) (Port + Airport) Rotterdam 1 Montea has concluded an agreement with Urban Industrial for the acquisition of two buildings in ‘s Hertogenbosch and Zwolle, both currently leased to Tilburg PostNL. Po
Slide 26: Investments realised in 2022
Investments realised in 2022 1 2 2 1 Tilburg (NL) GVT portfolio (NL) At the start of 2022, Montea and a private investor have Montea has bought three new-build projects in the reached an agreement on the purchase of the logistics building Netherlands, which GVT Transport & Logistics will lease for i
Slide 27: Projects in execution
Projects in execution 1 2 Tiel (NL) 1 Etten-Leur (NL) In September 2018, Montea acquired a site with a total area 2 The acquired land “Vosdonk” has been prepared for of 47,9 ha in Tiel, where in Q3 Montea has started building construction of a build-to-suit project of ca. 26.500 m². a 9.700 m² recyc
Slide 28: Projects in execution
Projects in execution Amsterdam (Port + Airport) Rotterdam (Port + Airport) Rotterdam Tilburg Waddinxveen – phase 1 (NL) Port of Zeeland Acquisition of plot of land (120.000 m²) in Q3 2020 on a strategic location between Rotterdam & Amsterdam (near motorway A12). In a first phase, 50.000 m² will be
Slide 29: Projects in execution
Projects in execution 1 2 Antwerp Port of Zeebrugge (Port + Airport) Port of Ghent 1 Antwerp Ghent Blue Gate, Antwerp (BE) 2 Brussels Liège Tongeren (BE) Montea is developing an 8.438 m² sustainable delivery station at Blue Gate Antwerp. This development is fully pre-let for a Charleroi Montea acqui
Slide 30: Projects in execution: solar panels
Projects in execution Solar panels in The Netherlands Solar panels in France 61% of the portfolio of warehouses in the In addition to Belgium and the Netherlands, Netherlands has already been fitted with PV installations are also planned in France. solar panels. Montea aims to increase this The inst
Slide 31: Outlook 2022
Outlook 2022 Evolution of EPRA result per share & Dividend per share (€) 4,30 3,95 3,75 3,45 3,50 3,28 3,18 2,95 3,03 2,83 2,47 2,58 2,54 2,26 2,11 2,17 + 5% 2016 (*) 2017 (*) 2018 (*) 2019 (*) 2020 (*) 2021 (*)(**) 2022 E 2024 E (*) As of 2016: EPRA result per share instead of Net Current Result (*
Slide 32: Highlights 2021 Track'24 ESG Appendix
Highlights 2021 Track’24 ESG Appendix 32
Slide 33: Publication ESG report 2021
15-04-2022 Publication ESG report 2021 33
Slide 34: Environmental, Social & Governance (ESG)
Environmental, Social & Governance (ESG) Environmental Greenhouse gas emissions – reduce Montea’s direct and indirect CO2 footprint Own operations reduce CO2 emissions by 50% by the end of 2024 & full CO2 neutrality without compensation by 2030 Buildings reduce CO2 emissions by 20% by the end
Slide 35: Forward-looking statements disclaimer
This presentation contains forward-looking statements. Such forward-looking statements involve unknown risks, uncertainties and other factors which may cause the actual results, financial conditions, performance or achievements of the company to be materially different from any future results, perfo
Slide 36: Highlights 2021 Track'24 ESG Appendix
Highlights 2021 Track’24 ESG Appendix 36
Slide 37: About Montea
About Montea Montea NV is a public regulated real estate company (“RREC”) under Belgian law (SIR – SIIC), specializing in the development and the management of logistics property in Belgium, France, The Netherlands and Germany (“Montea” or the “Company”). The company is a leading player in this mark
Slide 38: About Montea
About Montea When Montea invests in logistics real estate, we are fully intent on keeping it in our portfolio for a long time. That is why we are strongly committed to high quality, sustainable finish and materials. This applies to investment in existing buildings as well as to the way in which we d
Slide 39: About Montea
About Montea Montea literally offers its clients space to grow, through flexible and innovative real estate solutions. That is why Montea maintains an extensive network of estate agents, landowners, property developers and contractors. Montea converts its market knowledge into high-quality real
Slide 40: About Montea: key concepts
About Montea Montea acts in accordance with the following key concepts: WAREHOUSING PURE PLAYER ▪ Land value has a higher share in the total value ▪ Ambition to be best in class through than in other asset classes specialisation (Logistics, Real estate & Finance) ▪ Life cycle of warehousing ▪ Am
Slide 41: About Montea: shareholder base
About Montea Shareholder base (based on transparency notifications) Montea is the result of Pierre De Pauw’s 62% lifework, who has been one of the Belgian pioneers in logistic real estate since the late 1960s 4% The IPO of Montea in 2006 was the start 6% 5% 13% of a strong growth path 4% 6% Fami
Slide 42: About Montea: IPO shareholder IRR
About Montea A shareholder, who invested at the IPO (2006) and 62,60 always participated in the optional dividend realizes an IRR of 14,4% per 31/12/2021 (over 14 years). 42
Slide 43: Organizational structure
About Montea Organizational Structure Montea Management NV Montea NV Europand Eindhoven B.V. Montea Nederland N.V. SCI MM1 Montea Tiel N.V. Montea SA (Branch Office) SCI APJ Montea ‘s Heerenberg N.V. SFG B.V. SCI Socrate Blue Gate Antwerp Invest NV Montea Beuningen N.V. SCI Sévigné Montea Services B
Slide 44: Forward-looking statements disclaimer
This presentation contains forward-looking statements. Such forward-looking statements involve unknown risks, uncertainties and other factors which may cause the actual results, financial conditions, performance or achievements of the company to be materially different from any future results, perfo