Aroundtown Sa · XETR:AT1
Aroundtown Sa — Aroundtown Sa Ord — Q2 2025 Earnings Presentation
88 slides from Aroundtown Sa's earnings presentation, Aug 27, 2025
Slide 1: H1 2025 Financial Results
H1 2025 FINANCIAL RESULTS AUG 2025 BERLIN AROUNDTOWN SA
Slide 2: Table of Contents
TABLE OF CONTENTS HIGHLIGHTS HIGHLIGHTS OPERATIONS AND PORTFOLIO OPERATIONS AND PORTFOLIO FINANCIAL RESULTS FINANCIAL RESULTS BALANCE SHEET CAPITAL STRUCTURE BALANCE SHEET & CAPITAL STRUCTURE GUIDANCE GUIDANCE APPENDIX APPENDIX Company overview, Strategy Business Model − Company overview, Strategy &
Slide 3: Highlights
Hamburger Menu Icon with solid fill HIGHLIGHTS I TOP TIER LOCATIONS FRANKFURT BERLIN COLOGNE AROUNDTOWN SA 3
Slide 4: H1 2025 Financial Highlights
H1 2025 FINANCIAL HIGHLIGHTS OPERATIONAL RESULTS CONSERVATIVE DEBT PROFILE & FINANCIAL DISCIPLINE o NET RENTAL INCOME / RENT LIKE-FOR-LIKE o ADJUSTED EBITDA o LIQUIDITY o DEBT REPAID / DEBT RAISED €591m 3.0% €501m €3.4bn €1.9bn €1.0bn REPAID RAISED 0% YOY (NET RENTAL INCOME) 0% YOY JUN 2025 2025 YTD
Slide 5: Aroundtown is well placed to take advantage of arising opportunities
STRATEGIC PRIORITIES AROUNDTOWN IS WELL PLACED TO TAKE ADVANTAGE OF ARISING OPPORTUNITIES KEY STRATEGIC GROWTH DRIVERS: INTERNAL GROWTH – CONTINUE UNLOCKING REVERSIONARY POTENTIAL FROM IN-PLACE RENT 1 INCREASES AND VACANCY REDUCTION EXTERNAL GROWTH – LIQUIDITY, HIGH HEADROOM TO COVENANTS AND STRONG
Slide 6: Internal Growth Drivers
1) DRIVING TOP LINE AND BOTTOM LINE GROWTH: INTERNAL DRIVERS INTERNAL GROWTH DRIVERS ❑ RENT REVERSION POTENTIAL OF 26% ❑ TARGETED CAPEX ❑ Closing the gaps to market rents ❑ Extraction of new income drivers for faster capture of embedded potential ❑ Decreasing vacancy rates to market levels ❑ Reposit
Slide 7: Portfolio Optimization and Deleveraging Positioned for External Growth
2) REALIGNING STRATEGY: AT THE TURNING POINT FROM DEFENSIVE TO OPPORTUNISTIC GROWTH Portfolio Optimization and Deleveraging Positioned for External Growth Development of Investment Property (in €bn) €29bn €28bn €25bn €24bn 2021 2022 2023 2024 >2025* ❑ Optimizing the portfolio primarily by disposing
Slide 8: Driving Top Line and Bottom Line Growth: External Growth Drivers
2) DRIVING TOP LINE AND BOTTOM LINE GROWTH: EXTERNAL GROWTH DRIVERS EARNINGS GROWTH THROUGH CAPITAL RECYCLING LEVERAGE LIGHT GROWTH STRUCTURE ❑ Low-yield disposals to fund acquisition of attractive ❑ Capital recycling from reinvesting disposal proceeds higher yield opportunities while maintaining co
Slide 9: Germany Data Center Market
3) DATA CENTERS - MARKET TOP 5 DATA CENTER MARKETS GERMANY DATA CENTER MARKET: OVERLAP WITH AT’S PORTFOLIO: ❑ Hosts one of the largest internet exchange points in the world HAMBURG ❑ Serves as an interconnection hub with low latency, BERLIN making it a prime location for efficient data exchange ❑ Fr
Slide 10: Data Centers – Opportunity and Strategy
3) DATA CENTERS – OPPORTUNITY AND STRATEGY OUR STRATEGY: OPPORTUNITY: ❑ AT’s is focused on a dual-track approach ❑ Short-term (“DC Metro” strategy): ❑ Become involved in fastest growing asset class in the ❑ Partial conversion of commercial assets into edge or co- real estate sector location data cen
Slide 11: Shaping the Future Through Innovation
4) SHAPING THE FUTURE: EXCELLENCE THROUGH INNOVATION “The best way to predict the future is to invent it.” – Alan Kay At Aroundtown we are committed to being a part of shaping the future of real estate by fostering a culture of continuous improvement. Exploring innovative ideas and piloting cutting-
Slide 12: Operations & Portfolio
Hamburger Menu Icon with solid fill OPERATIONS & PORTFOLIO I TOP TIER LOCATIONS BERLIN DAVOS DAVOS STUTTGART AMSTERDAM AROUNDTOWN SA 12
Slide 13: High Diversification, Balanced Across Strong Asset Types
HIGH DIVERSIFICATION, BALANCED ACROSS STRONG ASSET TYPES IN STRONG LOCATIONS 94% OFFICE/RESIDENTIAL/HOTEL, 88% IN GERMANY, THE NL & LONDON, well-balanced with strong diversification among asset types with diverse fundamentals well-diversified across top tier cities with a focus on central locations
Slide 14: Diversified Asset Base Offers Synergies and Downside Protection
DIVERSIFIED ASSET BASE OFFERS SYNERGIES AND DOWNSIDE PROTECTION AT’S DIVERSIFED ASSET STRATEGY AS A CLEAR COMPETITIVE ADVANTAGE SYNERGIES DOWNSIDE PROTECTION ❑ Lower sensitivity to one industry or one asset class specific ❑ AT can better benefit from an asset‘s best use impacts ❑ Asset‘s best use ma
Slide 15: Defensive Portfolio with Strong Tenant Structure
DEFENSIVE PORTFOLIO WITH STRONG TENANT STRUCTURE JUN 2025 Investment Lettable area Annualized EPRA Vacancy In-place rent/sqm (€) Value/sqm (€) Rental Yield WALT (years) Portfolio by asset type property (€m) (k sqm) net rent (€m) Office 8,308 2,937 12.7% 430 13.5 2,829 5.2% 4.1 Residential 8,027 3,51
Slide 16: Continuous Disposal Progress
CONTINUOUS DISPOSAL PROGRESS NRW 17% ca. €400m CLOSED Office 47% Berlin 26% Frankfurt o20x DURING H1 2025 Resi 32% 13% Average rent around book value Bremen 12% multiple Hotel 11% o STRENGTHENING THE BALANCE o Over €10bn was signed for disposal since ca. €170 MILLION SHEET, SUPPORTING DELEVERAGING t
Slide 17: Office Portfolio
OFFICE PORTFOLIO OFFICE 38% 1.5% LFL Rental growth Jun 2025 YOY PERFORMANCE Driven by indexation and rent reversion 72% Green Certified Top 4 cities: 60% Berlin, Frankfurt, Munich and Amsterdam Office take-up grew 9% YoY in Big 7 in H1 20251) MARKET Take-up in 2025 will be slightly above the result
Slide 18: German Government Stimulus Package and Office Market
OFFICE MARKET POISED TO BENEFIT SIGNIFICANTLY FROM GERMAN GOVERNMENT STIMULUS PACKAGE GERMAN GOVERNMENT STIMULUS PACKAGE AIMED OFFICE MARKET PERFORMANCE CLOSELY LINKED TO AT SUPPORTING ECONOMIC GROWTH ECONOMIC GROWTH 6.0% 4.0% Office Take-up K sqm1)2) Annual GDP Growth 2.0% Main changes: 0.0% ❑ Amen
Slide 19: Office Conversions to Fuel Mid-Term Growth
CONVERTING SELECT OFFICE PROPERTIES INTO ATTRACTIVELY LOCATED SERVICED APARTMENTS CAPTURING ADDITIONAL OPERATIONAL UPSIDE FROM OFFICE CONVERSIONS TO FUEL MID-TERM GROWTH No. of Expected Berlin – Alexanderplatz City Permit Status Rooms Handover Date Market Opportunity: ❑ Capturing the increasing dema
Slide 20: Residential Portfolio
RESIDENTIAL PORTFOLIO RESI 34% 4.0% LFL Rental growth Jun 2025 YOY PERFORMANCE Low vacancy of 3.4% as of Jun 2025 Focus on large metropolitans Across densely populated Declining supply vs increasing demand areas in Germany and London MARKET Number of approved apartments fell to 215,900, the lowest l
Slide 21: Hotel Portfolio
HOTEL PORTFOLIO HOTEL 22% 4.2% LFL Rental growth Jun 2025 YOY RevPAR growth is expected to remain at moderate but Well-diversified healthy levels1) across large European tourism POSITIVE and business destinations MOMENTUM Steady growth in international arrivals and overnight stays to bolster hotel p
Slide 22: ATechX Updates
ATECHX UPDATES ATECHX UPDATES ATECHX CASE STUDY: MAPMORTAR Mapmortar: ❑ Growing Partnerships: ❑ Provides AI-powered agents for efficient planning ❑ Vonovia as new ATechX partner bringing and identification of energy efficiency solutions largest residential platform in Germany and ❑ Allows retrofit i
Slide 23: Financial Results
Hamburger Menu Icon with solid fill FINANCIAL RESULTS I TOP TIER LOCATIONS DRESDEN FRANKFURT BERLIN AROUNDTOWN SA 23
Slide 24: Solid Operational Growth Driven by Diverse Drivers
SOLID OPERATIONAL GROWTH DRIVEN BY DIVERSE DRIVERS ACROSS EACH ASSET CLASS LFL RENTAL GROWTH 3.0% 4.2% 4.0% 1.5% Hotel Residential Office Jun 2025 YOY RESIDENTIAL & HOTEL 56% OFFICE 38% by value by value Residential: • Benefiting from structural supply-demand gap in portfolio locations Office: • Ste
Slide 25: Profit and Loss
PROFIT AND LOSS 1-6/2025 1-6/2024 in € millions NET RENTAL INCOME 590.5 587.6 Operating and other income 167.9 183.2 LFL Valuation result REVENUE 758.4 770.8 (JUN 2025 VS DEC 2024) PROPERTY REVALUATIONS AND CAPITAL GAINS / (LOSSES) 383.2 (593.2) Share of profit / (loss) from investment in equity-acc
Slide 26: Adjusted EBITDA, FFO I & FFO II
ADJUSTED EBITDA, FFO I & FFO II 1-6/2025 1-6/2024 in € millions Adjusted EBITDA before JV contribution (in €m) Operating profit / (loss) 864.1 (170.9) Total depreciation and amortization 5.4 7.8 471 0% 473 EBITDA 869.5 (163.1) Property revaluations and capital gains / (losses) (383.2) 593.2 Share of
Slide 27: Balance Sheet & Capital Structure
Hamburger Menu Icon with solid fill BALANCE SHEET & CAPITAL STRUCTURE I TOP TIER LOCATIONS LEIPZIG BERLIN ROTTERDAM AROUNDTOWN SA 27
Slide 28: EPRA NAV KPI's
EPRA NAV KPI’S EPRA NAV KPI’s (in €m) & EPRA NAV per share KPI’s (in €) Jun 2025 Dec 2024 EPRA NRV (/ps) EPRA NTA (/ps) in € millions unless otherwise indicated EPRA NTA +4% EQUITY ATTRIBUTABLE TO THE OWNERS OF THE COMPANY 7,918.1 7,630.2 10,453 +5% 10,032 8,165 8,552 Deferred tax liabilities 1,667.
Slide 29: Conservative Capital Structure
CONSERVATIVE CAPITAL STRUCTURE LOW LEVERAGE (LTV) FINANCING SOURCES MIX UNENCUMBERED INVESTMENT HIGH ICR NET DEBT / EBITDA PROPERTIES Company BOD guidance of 45% Straight bonds €16.9bn €17.0bn 11.3x 41% 39% 10.4x HEALTHY 42% 40% €12.0bn €11.3bn 4.0 4.2 BALANCE Loans & borrowings SHEET & 8% 9% €2.5bn
Slide 30: Guidance
Hamburger Menu Icon with solid fill GUIDANCE I TOP TIER LOCATIONS BERLIN DÜ̈SSELDORF MAINZ AROUNDTOWN SA 30
Slide 31: 2025 Guidance Confirmed
2025 GUIDANCE CONFIRMED FY 2025 GUIDANCE FFO I €280 million – €310 million FFO I per share €0.26 – €0.28 POSITIVE DRIVERS NEGATIVE DRIVERS o Conservative rent increase o Full year impact of 2024 and 2025 disposals o Impact of hotel repositioning efforts o Higher perpetual coupon payments compared to
Slide 32: Appendix
Hamburger Menu Icon with solid fill APPENDIX I TOP TIER LOCATIONS EINDHOVEN/BRABANT (NETHERLANDS, CENTER PARCS) HAMBURG FRANKFURT AROUNDTOWN SA 32
Slide 33: Company Overview
COMPANY OVERVIEW LARGE SCALE WITH EXPERIENCED TRACK WELL BALANCED SECURE CASH FLOWS ACTIVE MARKET PLAYER LOCAL KNOW-HOW RECORD PORTFOLIO ❑ Third largest listed real ❑ Founded in 2004 ❑ Aroundtown’s portfolio ❑ Secure cash-flow with ❑ Large deal sourcing estate company in ❑ Highly experienced compris
Slide 34: Germany & the Netherlands
FOCUS ON STRONGEST ASSET TYPES IN TOP TIER LOCATIONS GERMANY & THE NETHERLANDS o Two of the strongest economies in Europe with AAA credit rating o Together making up more than a quarter of the EU’s economy o 7 of the 15 largest metropolitan areas by GDP in the EU are in Germany and the Netherlands o
Slide 35: Aroundtown is an Active Market Player
AROUNDTOWN IS AN ACTIVE MARKET PLAYER Acquisition criteria Diversified and large base of deal sources Strong presence in Capital Markets o Focus on locations with strong fundamentals and market dynamics The Aroundtown Group is one of the largest capital Institutional o Value-add potential through op
Slide 36: Share Information
SHARE INFORMATION THE SHARE SHAREHOLDER STRUCTURE Frankfurt Stock Exchange Placement Shares (Prime Standard) held in 1) treasury 29% Free float Incorporation Luxembourg 46% Avisco Group/ Vergepoint 2) 15% 13.07.2015 Stumpf Capital First equity issuance (€3.2 per share) GmbH 3) 10% 1) 12% are held th
Slide 37: Investment Properties
INVESTMENT PROPERTIES JUN 2025 Investment Lettable area Annualized EPRA Vacancy In-place rent/sqm (€) Value/sqm (€) Rental Yield WALT (years) Portfolio by asset type property (€m) (k sqm) net rent (€m) Office 8,308 2,937 12.7% 430 13.5 2,829 5.2% 4.1 Residential 8,027 3,511 3.4% 391 9.5 2,286 4.9% N
Slide 38: Best-in-Class Berlin Portfolio
BEST-IN-CLASS BERLIN PORTFOLIO 85% Located in the best TOP TIER neighborhoods of BERLIN 85% of the Group portfolio is located in top Strongly benefiting from the unique tier neighborhoods: dynamics & growth of Berlin’s most in Charlottenburg, Wilmersdorf, Mitte, demand neighborhoods, business areas
Slide 39: Office Portfolio – Well-Located in Top Tier Cities
OFFICE PORTFOLIO – WELL-LOCATED IN TOP TIER CITIES OF GERMANY AND THE NETHERLANDS WELL-DIVERSIFIED OFFICE: 38% OF THE PORTFOLIO, with focus on top tier cities o No dependency on a single location, single tenant, single asset or single industry. Long lease structure with 4.1y WALT LARGEST LANDLORD o
Slide 40: Residential Portfolio
RESIDENTIAL PORTFOLIO GCP IS CONSOLIDATED AND THE CURRENT HOLDING RATE IS 62% RESIDENTIAL (GCP): 34% OF THE PORTFOLIO o Residential asset class is the Group’s second largest asset type after offices, providing the Group with a well-balanced portfolio breakdown. STABLE CASH FLOWS o German residential
Slide 41: Hotel Portfolio
HOTEL PORTFOLIO WELL-DIVERSIFIED HOTEL: 22% OF THE PORTFOLIO OVER 150 HOTELS: Mainly in top tier European cities o Across Europe with a focus on locations with large catchment areas 13.7 YEARS WALT o Long fixed contracts with no variable components with over 25 third-party hotel operators AROUNDTOWN
Slide 42: Significant Internal Growth Potential from Hotel Repositionings
SIGNIFICANT INTERNAL GROWTH POTENTIAL FROM SUCCESSFUL HOTEL REPOSITIONINGS Cardo Brussels New Lobby Complete refurb, repositioning and rebranding into Cardo Roma, Autograph collection by Cardo Roma: Marriot. Further potential by upgrading ca. 260 rooms Complete refurb, repositioning and rebranding i
Slide 43: Strategic Top Tier Hotels in Strong Locations
STRATEGIC TOP TIER HOTELS IN STRONG LOCATIONS Hotel Rooms Brand Hotel Rooms Brand Hotel Rooms Brand Hilton Berlin Gendarmenmarkt Prime 623 NH Hotel Dortmund Prime Center 190 Mark Apart Berlin Prime Center Ku’damm 120 Center AC by Marriott Berlin Mitte 130 InterCity Hotel Dresden City Center 162 Bris
Slide 44: Logistics and Retail Portfolio
LOGISTICS AND RETAIL PORTFOLIO LOGISTICS: 2% OF THE PORTFOLIO RETAIL: 4% OF THE PORTFOLIO 4.9 YEAR WALT 4.9 YEAR WALT 4% of portfolio is retail, of which: • Over 1/4 is part of other asset types (ground floor retail, service areas, etc.) REDUCED SHARE REDUCED SHARE o Reduced from 7% in March 2020 du
Slide 45: Development & Invest Portfolio
DEVELOPMENT & INVEST PORTFOLIO: 5% OF TOTAL ASSETS Asset type Location Frankfurt Berlin 12% 31% 1 Identify potential Others 31% BERLIN BERLIN Building rights materialized into sellable 2 Crystallize gains permits: through sales: €0.9bn of disposals since 2021 BERLIN BERLIN Mostly major refurbishment
Slide 46: Overview of Selected Development Rights
OVERVIEW OF SELECTED DEVELOPMENT RIGHTS Lettable area Market rent Project name City Address Project type Planned use Status / capacity p.m. Conversion Berlin Kreuzberg Berlin Baerwaldstraße 36-37, 10961 with space addition Residential Pre-permit obtained 3k sqm €22/sqm Uhlandstraße 165,166; Refurbis
Slide 47: Turnaround Capital (TAC): European Opportunistic Real Estate Fund
TURNAROUND CAPITAL (TAC): EUROPEAN OPPORTUNISTIC REAL ESTATE FUND BACKED BY AROUNDTOWN MARKET DYNAMICS AND European real estate faces pressure from debt refinancings, post-COVID capex backlogs, ESG demands, and fund lifecycle OPPORTUNITY ends, thereby driving price dislocations and forcing liquidati
Slide 48: Attractive Investment in Globalworth
ATTRACTIVE INVESTMENT IN GLOBALWORTH – THE LEADING LISTED OFFICE COMPANY IN POLAND & ROMANIA RIGHT INVESTMENT VEHICLE GLOBALWORTH PRIME ASSETS & STRONG TENANT BASE IN THE CEE MARKET o GWI is a leader in the Polish & Romanian office markets with best o Through a JV, AT and CPI hold together quality &
Slide 49: Business Risk Profile
HIGHEST RATED GERMAN COMMERCIAL REAL ESTATE COMPANY S&P Ratings Matrix 1 2 Financial risk profile 5 6 FINANCIAL POLICY 3 4 Minimal Modest Intermediate Significant Aggressive High Leverage d o LTV guidance below 45% on a sustainable basis 1 Excellent aaa/ aa a+/a a- bbb bbb-/bb+ aa+ (Vonovia BBB+)2)
Slide 50: Capital Market Activity
CAPITAL MARKET ACTIVITY Capital market activity per year Capital market activity per issuance type 2015-2025 YTD €4.6bn €4.2bn €4.2bn €4.0bn €3.8bn Str. Bond €14.3bn €2.6bn €1.9bn Conv. Bond €0.8bn €1.2bn €0.9bn Equity €6.2bn €5.8bn €0.2bn 2015 2016 2017 2018 2019 2020 2021 2024 2025 Equity (incl. C
Slide 51: Perpetual Notes
PERPETUAL NOTES POST-EXCHANGES CHARACTERISTICS OF PERPETUAL NOTES AMOUNT COUPON** NEXT RESET DATE RESET RATE** 90m EUR 7.078% 20 Jan 2028 4.625% + 5Y MS NO MATURITY: o Perpetual notes have no maturity date. 46m EUR (GCP) 6.332% 22 Jan 2028 3.887% + 5Y MS 67m USD 5.756%* 21 July 2028 3.796% + 5Y MS E
Slide 52: High Debt Covenant Headroom
HIGH DEBT COVENANT HEADROOM EMTN PROGRAMME CURRENT COVENANTS COVENANT (JUN 2025) o Covenants are calculated based on IFRS reported figures, treating the OVERVIEW perpetuals as 100% Equity. Thus, TOTEL NET DEBT / TOTAL NET ASSETS <=60% ✓ 35% o Each of the bond covenants is met with a perpetuals are n
Slide 53: Focus on Innovation in Real Estate
FOCUS ON INNOVATION IN REAL ESTATE Touchdown concept In the beginning there were two spaces; the home and the office. in ground floor office lobbies Then came the third space. ATworld offers a new progressive way of working. A flexible, connected and ownable space; the fourth space. Not just a futur
Slide 54: ATechX is Aroundtown's PropTech Accelerator
SHAPING THE FUTURE OF REAL ESTATE ATechX is Aroundtown’s PropTech Accelerator Together with prominent global Proptech VCs & RE Investors: Goal: Fifthwall: World’s largest built world VC noa: Europe’s largest built world VC - Accelerating the growth of innovative PropTech startups by providing access
Slide 55: Appendix - ESG
Hamburger Menu Icon with solid fill APPENDIX - ESG AnnTuS Lichterfelde Basketball e.V. Anna Meyer Kahlen Berlin, PV System Berlin, EV Charging Infrastructure I TOP TIER LOCATIONS AROUNDTOWN SA Finnegan Koichi Godenschweger, Kreuzberger Kinderstiftung gAG 55
Slide 56: Commitment to ESG
COMMITMENT TO ESG E CLEARLY SET TARGETS S SOCIALLY RESPONSIBLE G HIGH LEVEL OF GOVERNANCE Reduce GHG emissions by 40% by Strong commitment to maintain 2030 high tenant satisfaction Management oversight from Board of Directors (BoD) Promote sustainable water Increase employee retention and consumptio
Slide 57: AT's Long-Term ESG Targets
AT’S LONG-TERM ESG TARGETS UN Sustainable Development ESG TOPICS Goals (see here) Sub-topics Long-term targets • Achieve a 40% reduction in CO2 intensity by 2030 against the 2019 baseline, measured in CO2-equivalent emissions intensity, CO2e/m2 Climate Change Mitigation • Achieve a 20% reduction in
Slide 58: Green Building Certifications
ESG – ENVIRONMENT PART 1: ENERGY EFFICIENT BUILDINGS GREEN BUILDING CERTIFICATIONS Building upgrades with the goal to receive certifications (BREEAM, DGNB, LEED). Development/major refurbishments aimed to build for certification eligibility ➢ 60% of the commercial portfolio is certified ➢ 72% of off
Slide 59: GHG Emission Reduction
ESG – ENVIRONMENT PART 2: CONSERVING ENERGY MEASURES, REDUCING CARBON FOOTPRINT GHG EMMISSION REDUCTION ENERGY-IMPROVING INVESTMENTS Installation of Photovoltaics (PV), Combined Heat and Power (CHP), Combined Cooling, Heat & Power (CCHP), EV charging stations, smart meters, AI SWITCHING TO CLIMATE N
Slide 60: ESG – Environment Part 2: Energy Improving Investments
ESG – ENVIRONMENT PART 2: ENERGY IMPROVING INVESTMENTS Carbon reduction via installations of Photovoltaics Energy Efficient Heating EV Charging Stations energy efficient measures Generates carbon-free energy i.e. Combined Heat and Power Replaces carbon-intensive energy fuel These measures can reduce
Slide 61: ESG – Environment Part 2: Regular / Maintenance Capex
ESG – ENVIRONMENT PART 2: REGULAR / MAINTENANCE CAPEX UPGRADE ENERGY EFFICIENCY Improved energy efficiency through better building Renewable energy systems and technological upgrading envelopes Roof, façade Window and basement LED systems Smart meters replacements insulation Heating, Green facilitie
Slide 62: ESG – Environment Part 3: Water and Waste Management
ESG – ENVIRONMENT PART 3: WATER AND WASTE MANAGEMENT WATER CONSUMPTION WASTE MANAGEMENT ➢ Remote water meters create awareness, influence tenant ➢ Further optimizing waste and operational costs through waste management behavior and help detect water leaks and unusual water usage systems (i.e., obtai
Slide 63: ESG – Social Part 1: Community Building
ESG – SOCIAL PART 1: COMMUNITY BUILDING AROUNDTOWN FOUNDATION LOCAL PARTNERSHIPS o AT focuses on establishing productive partnerships with local stakeholders to ensure that corporate activities are aligned to the tenants and communities Support to the Outpatient Children’s and Youth Hospice Service
Slide 64: ESG – Social Part 2: Tenant Management
ESG – SOCIAL PART 2: TENANT MANAGEMENT ENGAGEMENT ENFORCEMENT Tailor-made approach, customized leases, QUALITY balancing tenants’ and the Company’s requirements TENANT MANAGEMENT Main tool to monitor and enforce tenant POLICY High quality support with Service Centers satisfaction, Annual Tenant Surv
Slide 65: ESG - Social Part 3: Goal to Become Top Employer
ESG - SOCIAL PART 3: GOAL TO BECOME TOP EMPLOYER Goal to become top employer in commercial real estate to attract best new talent COLLABORATION TRAINING RETENTION Dynamic & open corporate Employee training programs to Performance based incentives to culture, promoting personal ensure knowledge shari
Slide 66: Board of Directors
BOARD OF DIRECTORS MARKUS LEININGER- INDEPENDENT DIRECTOR o Board of Directors – 5/7 members are independent/non- FORMER SENIOR BANKER WITH A FOCUS ON FINANCING, PRIVATE EQUITY AND REAL ESTATE. SERVED AS HEAD OF OPERATIONS WITH EUROHYPO AG AND RHEINHYP AG executive (COMMERZBANK) AND A MEMBER OF THE
Slide 67: Board Committees and the Advisory Board
BOARD COMMITTEES AND THE ADVISORY BOARD ALL COMMITTEES ARE IN PLACE WITH INDEPENDENT MEMBERS IN PLACE AUDIT COMMITTEE RISK COMMITTEE NOMINATION COMMITTEE REMUNERATION COMMITTEE ESG COMMITTEE (Maintaining the integrity of the financial (Assessing, monitoring and mitigating any (Identifying suitable c
Slide 68: Management Team
MANAGEMENT TEAM o Management body is supervised by the board of directors BARAK BAR-HEN – EYAL BEN DAVID – CFO LIMOR BERMANN – CSO TIMOTHY WRIGHT – CCMO JONAS TINTELNOT – (CHIEF FINANCIAL OFFICER) (CHIEF SUSTAINABILITY OFFICER) (CHIEF CAPITAL MARKETS OFFICER) CO-CEO & COO DESIGNATED CFO (CO-CHIEF EX
Slide 69: Management Team – Senior Management
MANAGEMENT TEAM – SENIOR MANAGEMENT KAMALDEEP MANAKTALA – DEPUTY CEO CHRISTIAN HUPFER - CHIEF COMPLIANCE OFFICER 20+ YEARS OF EXPERIENCE IN REAL ESTATE INVESTMENT MANAGEMENT WITH A FOCUS ON THE LIVING SECTOR SINCE 2008 IN THE MANAGEMENT OF AROUNDTOWN AND ITS SUBSIDIARIES. IS SPECIALIZED IN TAX STRUC
Slide 70: ESG Awards & Indices
ESG AWARDS & INDICES 2024: SUSTAINABILITY CONSECUTIVE INDICES EPRA AWARDS AT received EPRA BPR Gold award for the 8th time and EPRA o Included in the MDAX ESG+ index and Dow Jones Best- sBPR Gold award for the 7th time consecutively, for high In-Class Index Europe (formerly known as Dow Jones standa
Slide 71: ESG Ratings Overview - Performance at a Glance
ESG Ratings Overview - Performance at a Glance AROUNDTOWN SA 71
Slide 72: A Founding Member of UN Global Compact Germany
A FOUNDING MEMBER OF THE ASSOCIATION “UNITED NATIONS GLOBAL COMPACT GERMANY e. V.” AROUNDTOWN SA 72
Slide 73: Appendix: Focus on Central Locations of Top Tier Cities
Hamburger Menu Icon with solid fill APPENDIX: FOCUS ON CENTRAL LOCATIONS OF TOP TIER CITIES I TOP TIER LOCATIONS BERLIN MANNHEIM COLOGNE FRANKFURT AROUNDTOWN SA 73
Slide 74: Berlin Alexanderplatz
BERLIN ALEXANDERPLATZ: THE PRIME COMMERCIAL AND TOURIST CENTER Landmark AT property BERLIN ALEXANDERPLATZ AT has over 130,000 SQM lettable space in the prime commercial and tourist center Alexanderplatz AROUNDTOWN SA 74
Slide 75: Berlin Potsdamer Platz
BERLIN POTSDAMER PLATZ: THE PRIME COMMERCIAL AND TOURIST CENTER Landmark Potsdamer Platz Office AT property Potsdamer Platz Checkpoint Charlie Mixed-use Residential/Office/Hotel (GCP) Office Potsdamer Platz Office Hilton Gendarmenmarkt Hotel Gendarmenmarkt AROUNDTOWN SA 75
Slide 76: Berlin Ku'damm
BERLIN KU’DAMM: THE PRIME COMMERCIAL AND TOURIST CENTER Berlin City Center Mitte Retail Landmark Potsdamer Platz Moxy by Marriot Berlin Mitte Ku’Damm KaDeWe Residential Hotel (GCP) AC by Marriot Berlin Mitte Hotel Ku’Damm KaDeWe Office AT property Berlin City Center Mitte Office Ku’damm /Uhlandstr.
Slide 77: Frankfurt
FRANKFURT: QUALITY ASSETS IN CENTRAL LOCATIONS Landmark AT property FRANKFURT HBF & CBD Approx. 200,000 sqm lettable space in Frankfurt prime centers, main central train station and banking district AROUNDTOWN SA 77
Slide 78: Frankfurt: Quality Assets Near Main Station and Messe
FRANKFURT: QUALITY ASSETS NEAR MAIN CENTRAL TRAIN STATION AND MESSE Frankfurt Stadtmitte Office Landmark Frankfurt Büro Center (FBC) Office Frankfurt Messe Frankfurt Messe Frankfurt Messe AT property Office Office Office Intercontinental Frankfurt Hotel Frankfurt Banking District Frankfurt HBF Offic
Slide 79: Munich
MUNICH: ASSETS IN CENTRAL LOCATIONS, NEAR EXHIBITION CENTER & COMMERCIAL HUBS Landmark Global HQs of Allianz Global Corporate & German HQs of Generali Specialty Insurance AT property Global HQs of Wacker Chemie AG Munich Messe Munich Siemens Office Campus Office Global HQs of Office BSH Group Four M
Slide 80: Amsterdam
AMSTERDAM – CENTRALLY LOCATED HIGH QUALITY ASSETS Landmark Amsterdam Zuidoost Amsterdam Zuidoost Office Office Amsterdam Sloterdijk Train Station Amsterdam West Office AT property Complex Office Amsterdam Arena Office Amsterdam Sloterdijk Office Amsterdam Westpoort Office Amsterdam Arena Amsterdam A
Slide 81: Dresden & Leipzig
DRESDEN & LEIPZIG – CENTRALLY LOCATED TOP TIER ASSETS AT HAUPTBAHNHOF Landmark Dresden main central train station AT property Main central train station Office Leipzig main central train station Main central train station Hotel Main central train station Office Main central train station Hotel City
Slide 82: Appendix: Market Data
Hamburger Menu Icon with solid fill APPENDIX: MARKET DATA I TOP TIER LOCATIONS BERLIN BRUSSELS COLOGNE LONDON AROUNDTOWN SA 82
Slide 83: Regional Market Overview
REGIONAL MARKET OVERVIEW Amsterdam Berlin ◼ GDP/capita: €102k (2022) ◼ GDP/capita: €79k (2021) ◼ Net migration: 9k p.a. (avg 2018-2022) ◼ Net migration: 30k p.a. (avg 2018-2022) ◼ Population density: 5.3k per km2 (2022) ◼ Population density: 4.1k per km2 (2021) Utrecht Hamburg ◼ GDP/capita: €65k (20
Slide 84: Office: Normalizing Work Patterns
OFFICE: NORMALIZING WORK PATTERNS o Traditional office work patterns are returning, as witnessed by recent announcements from large corporations, demanding full office attendance. o Return-to-office rate (average attendance current vs pre-pandemic) is 89% in Germany, with an average attendance rate
Slide 85: Resilient German Residential Market
RESILIENT GERMAN RESIDENTIAL MARKET POSITIVE NET MIGRATION REDUCTION OF HOUSEHOLD SIZE SIGNIFICANT UNDERSUPPLY RESULTS IN HIGH DEMAND RESULTS IN HIGH DEMAND Positive Net Migration in Germany 1) Increase in the share of 1 person households1) Building permits at low levels, significantly below demand
Slide 86: European Hotel Sector to Continue to Grow Steadily in 2025
HOTEL SECTOR OUTLOOK: CONTINUED GROWTH EXPECTED AT A STEADY PACE EUROPEAN HOTEL SECTOR TO CONTINUE TO GROW STEADILY IN 20251) ❑ Higher international tourist arrivals and overnight stays to be expected in 2025. ❑ International business and leisure travel showcase meaningful growth. ❑ Strong RevPAR gr
Slide 87: Alternative Performance Measures
ALTERNATIVE PERFORMANCE MEASURES For enhanced transparency and more industry specific comparative basis, the Company provides market and industry standard performance indicators. These measures provide more clarity on the business and enables benchmarking and comparability to market levels. Reconcil
Slide 88: Disclaimer
DISCLAIMER IMPORTANT: This presentation has been provided for information purposes only and is being neither the Group nor any of its directors, officers, employees or advisers nor any other circulated on a confidential basis. This presentation shall be used only in accordance person makes any repre