Arco Vara As · OMXTSE:ARC1T
Arco Vara As — Debt Investor Presentation (September 2025)
27 slides from Arco Vara As's debt investor presentation, September 2025
Slide 1: Invest in the Heart of Tallinn: Bond Issuance
Invest in the Heart of Tallinn Bond Issuance September 2025
Slide 2: Important information
Important information This investor presentation, as it may be amended, restated, supplemented or otherwise modified from time to time {the "Presentation”), has been prepared in connection with an offering of unsecured bonds of AS Arco Vara (the Issuer”) and is intended solely for the use of the per
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Slide 4: About Arco Vara
About Arco Vara Arco Vara makes property owners wealthier by creating innovative, sustainable, and desirable living environments. Over 30 years of experience in real estate development - on the market since 1992 More than 2,800 completed homes and 1,200+ new developments in Estonia and Bulgaria Astr
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Slide 6: A strong listed company
A strong listed company Arco Vara AS is one of 33 companies listed on the Baltic Stock Exchange. Arco Vara AS has been listed on the Main List of the Tallinn Stock Exchange since 2007, which means for almost 20 years. FA Trust on financial markets and strong capital flow FA Supervision by the Financ
Slide 7: Group structure
Kodulahe Kvartal OÜ Arco Spordi OÜ Kodukalda OÜ Arcojärve OÜ Kerberon OÜ Arco Tarc OÜ Arco L Torn OÜ Arco L Torn II OÜ Arco L Factory OÜ % Grupi OÜ % Arco Vara Bulgaria EOOD Arco Invest EOOD Iztok Parkside EOOD Botanica Lozen EOOD Arco Manastirski EOOD Arco Riverside EOOD
Slide 8: Arco Vara financial overview: Strong financial position
Arco Vara financial overview: Strong financial position In 2025, the Group’s total assets nearly doubled compared to the end of 2024. The main driver of asset growth was the acquisition of new development projects, including the Luther Quarter and the Spordi 3a/3b development. Total assets 120000 10
Slide 9: Arco Vara financial overview: Strong sales potential in the coming years
Arco Vara financial overview : Strong sales potential in the coming years In 2025, Arco Vara’s sales performance has been strong - most completed houses have been successfully sold, and the stock of available apartments remains low. Sales to date have generated sufficient revenues to cover all expen
Slide 10: Arco Vara development projects currently under development in various stages
Arco Vara development 10 projects currently under development in various stages volumes Development volumes as of 30.06.2025 (gross m2) Dora mennertincnomemctidorltnsme ent re! e projects upon completion as of 30.06.2025 (kEUR) 60000 Total 157 318 m? +72 sooo 48932 394 4665 40.000 29567 30.000 26155
Slide 11: Arco Vara active projects
Arco Vara active projects As of 30.06.2025 Projectname Padel venue Address Helme 18, Tallinn Product main type Sportshall Projectstage Rented out Area of plotm? 5712 GSAJGLA (above ground) 1,983 No of units (above ground)/ available yo Projectname Kodulahe Rannakalda Address Lammi8, Tallinn Product
Slide 12: Arco Vara active projects
Arco Vara active projects As of 30.06.2025 Project name Projectname Projectname Projectname Projectname Stage 1 Botanica Lozen Stage 2&3 Botanica Lozen Arcojarve Stage 7 Kodulahe Stage 1-5 Luther Quarter Address Address Address Address Address Lozen, near Sofia Lozen,near Sofia Paldiski mnt 124b, Ta
Slide 13: Arco Vara development schedule 2025 - 2028
Arco Vara development schedule 2025 - 2028 Q4 2025 Q4 2026 Q4 2027 Q4 2028 Rannakalda Kuldlehe Lozen S1 fe Lozen $2 + $3 A Spordi 3a, 3b Soodi6 Arcojarve S1 Arcojarve S2 Arcojarve S3 ArcojarveS4 Lammi6 S1 Lammi6 S2 Lutheri kvartal Nepal el pel pee ft [a End of sale ARCO VARA
Slide 14: Supervisory Board
Kert Keskpaik Investor, Chairman of the Supervisory Board of Arco Vara AS Member of the Management Board of Albe Team Sports Club since 2001Member of the Supervisory Board of Arco Vara AS since 2015, Chairman since 2025 Tarmo Sild Entrepreneur, Investor Co-founder and CEO of Iute Group AS since 2008
Slide 15: Bond Issuance and Luther Quarter
Bond Issuance and Luther Quarter Invest in the Heart of Tallinn
Slide 16: Summary of the terms
Summary of the terms Issuer Arco Vara AS Bond EUR 8.80 ARCO VARA VOLAKIRI 25-2028, Type of security Unsecured bonds ISIN £E0000002244 Type of placement Public offering in Estonia, private placement in Latvia and Lithuania Issue size EUR 10,000,000, with an option to increase the amount to EUR 15,000
Slide 17: Why invest in Arco Vara bonds?
Why invest in Arco Vara bonds? FA Competitive annual yield of 8.8% p.a FA Tradable on the Nasdaq Tallinn Stock Exchange - you can sell the bonds at any time FA The bond is issued by the parent company of the group - meaning investors rely not ona single new development promise, but on the strength a
Slide 18: Advisors and Co-Managers of the Issuance
Advisors and Co-Managers of the Issuance 1 Redgate Capital Your partners for growth LHV yl Nasdaq WIDEN a | ARCO
Slide 19: Luther Quarter
; Luther Telliskivi Vanalinn Lf Quarter Luther of Kaley eskstaadion . , Quarter \ Here, your investment doesn’t just earn @ interest - it builds tomorrow A. ke Coq Arena Ulemiste jarv 19
Slide 20: About Luther quarter
About Luther quarter The Luther Quarter will bring together homes, office and retail spaces, a food street, and a park. Historic industrial buildings will be seamlessly integrated with the newly created modern urban environment. The goal is to create avibrant, diverse, and open environment for every
Slide 21: Luther Quarter development timeline
Luther Quarter development timeline nM 2025 ‘Arco Vara acquired the Luther Quarter properties 2030 Bookstore opens 2026 Construction of the Luther Quarter begins 2031 Food market opens Jazz club opens 2027 First lafe-style homes completed Firstrestaurants open 2033 Convenience store opens, Half of t
Slide 22: TiLtit
TiLtit
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Slide 24: Macroeconomic Overview
Macroeconomic Overview
Slide 25: Positive macroeconomic trends: Housing loan volume
Positive macroeconomic trends The decline in EURIBOR eases borrowing costs, supporting demand in the real estate market The continuous growth of housing loan volumes indicates that demand for housing remains strong across market cycles. 6 months EURIBOR, % Growth of Housing Loans 14% 14000 5% 12% 12
Slide 26: Positive macroeconomic trends: Annual inflation
Positive macroeconomic trends Since the beginning of 2021, the price of new apartments in Since 2019, household deposits in Estonia have increased by Tallinn has increased over 50%, confirming that the value of more than €5 billion, creating a strong financial basis for high-quality developments con
Slide 27: Thank you!
Arco Vara — Debt Investor Presentation (September 2025) on 6ix