Varia Us Properties Ag · SIX:VARN
Varia Us Properties — H1 2025 Earnings Presentation
20 slides from Varia Us Properties's earnings presentation, Aug 28, 2025
Slide 1: H1 Results 2025
H1 Results 2025 28 August 2025
Slide 2: Important Notice
Important Notice This presentation includes forward-looking information and statements, including statements concerning the outlook for our business. These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, including the
Slide 3: Today's Speakers
Today’s Speakers MATTHEW LEVY KAREN WELLER ■ Managing Director US, ■ Chief Financial Officer, Stoneweg Stoneweg US, LLC 3
Slide 4: Agenda
Agenda 1. Key achievements 2. Financials H1 2025 3. Portfolio update 4. Outlook 4
Slide 5: Agenda
Agenda 1. Key achievements 2. Financials H1 2025 3. Portfolio update 4. Outlook 5
Slide 6: Key achievements
Key achievements Significant progress • Total income almost double at USD 65.9 Mio. (H1 2024: USD 34.6 Mio.) • Rental income “like for like”1 grew by 3.6% to USD 49.4 Mio. (H1 2024: USD 47.7 Mio.) • Net gain on revaluation of properties: USD 6.4 Mio. (H1 2024: loss of USD 32.7 Mio.) • Operating prof
Slide 7: Varia US Properties at a Glance
Varia US Properties at a Glance Geographic breakdown as of 30 June 2025 • Portfolio value of USD 1.143 billion (end of 2024: USD 1.194 billion) • 24 properties • 7,120 units • 10 different States in the US • Regionally balanced strategy • Well positioned in markets where population and job growth ar
Slide 8: ESG Progress H1 2025
ESG Progress H1 2025 Achievements on various fronts • In the first half of 2025,Varia US Properties strengthened its sustainability profile with two BREEAM certifications, four ENERGY STAR® awards, and (for the first time) two IREM CSP certifications. • These independent third-party recognitions ope
Slide 9: Agenda
Agenda 1. Key achievements 2. Financials H1 2025 3. Portfolio update 4. Outlook 9
Slide 10: H1 2025 Key Figures (1/2)
H1 2025 Key Figures (1/2) Rental Income in USD Mio.1 Total Income in USD Mio. Rental Income Like for Like in Mio 1 Rental 1 Income in Mio 320.0 140 350 297.7 126.5 124.0 120 107.9 300 108.6 100 98.4 250 88.9 80 200 139.5 152.4 60 56.3 -9.5% 51.0 150 102.8 99.2 93.8 40 3.6% 100 65.9 20 47.7 49.4 50 0
Slide 11: H1 2025 Key Figures (2/2)
H1 2025 Key Figures (2/2) Debt in USD Mio. Portfolio Value in USD Mio.1 Mortages Balance of interest bearing loans and borrowings LTV Debt Ratio Portfolio Value Like for Like Portfolio Value 1200 70% 1,704 1’043 944 1000 869 878 60% 1,412 818 812 784 1,300 760 757 721 800 1,194 601 50% 928 567 545 9
Slide 12: Consolidated Statements of Profit or Loss and Other Comprehensive Income
Consolidated Statements of Profit or Loss and Other Comprehensive Income 12
Slide 13: Consolidated Statement of Financial Position (1/2)
Consolidated Statement of Financial Position (1/2) 13
Slide 14: Consolidated Statement of Financial Position (2/2)
Consolidated Statement of Financial Position (2/2) 14
Slide 15: Agenda
Agenda 1. Key achievements 2. Financials H1 2025 3. Portfolio update 4. Outlook 15
Slide 16: Portfolio H1 2025
Portfolio H1 2025 Key Figures 1 EGI defined as total income less unrealized revaluation. 2 EBITDA defined as operating profit less unrealized revaluation. 3 Normalized FFO defined as FFO less debt cost amortization, insurance proceeds, foreign exchange gain or loss, and other non-cash items. 4 NAV e
Slide 17: Portfolio Development – Dispositions
Portfolio Development – Dispositions • During the first six months of 2025, the Company sold three real estate assets comprising 608 units in total across Memphis (Tennessee), Shawnee (Kansas), and Bellevue (Nebraska) for total gross proceeds of USD 62.4 million. • No investment properties were acqu
Slide 18: Agenda
Agenda 1. Key achievements 2. Financials H1 2025 3. Portfolio update 4. Outlook 18
Slide 19: Outlook
Outlook • The Board of Directors continues to evaluate all financing options, including the portfolio management of its Fannie Mae & Freddie Mac Credit Facilities. • The Board is also assessing ways to strengthen resources, enabling the Company to capture growth opportunities and enhance long-term p
Slide 20: Information
Information Investor Information Contact Listing: SIX Swiss Exchange Juerg Staehelin, IRF Currency: USD Investor Relations / Corporate Communications Ticker symbol: VARN Phone: +41 43 244 81 51 ISIN: CH 030 528 529 5 E-mail: investors@variausproperties.com Listing date: December 8, 2016 Financial Ca