Ascencio Sa · EURONEXT:ASCE
Ascencio Sa — Degroof Petercam Real Estate Seminar (October 2021)
24 slides from Ascencio Sa's conference presentation, Oct 1, 2021
Slide 1: Degroof Petercam Real Estate Seminar
DEGROOF PETERCAM Real Estate Seminar - 01 October 2021
Slide 2: Agenda
Agenda 1— 2— 3— Who we are Portfolio Financial Performance 2
Slide 3: 1. Who we are
1.Who we are 3 Casino – Le Rouret (France)
Slide 4: An investor in out-of-town retail
AN INVESTOR IN OUT-OF-TOWN RETAIL A HYBRID PORTFOLIO — Supermarkets (40% rental revenue) — Retail parks Bellefleur Retail Park (Belgium) 4
Slide 5: Supermarkets and retail parks
SUPERMARKETS (40% rental revenue) RETAIL PARKS STRATEGIC LOCATIONS OPEN AIR RETAIL MIX GOOD RENTAL TO MEETING CONSUMERS’ SHOPPING REVENUE RATIO FOR PRIMARY NEEDS RETAILERS LIMITED IMPACT GOOD CONVERSION ACCESSIBILITY AND SIZE AND FLEXIBILITY OF E-COMMERCE RATE AMPLE FREE PARKING OF RETAIL SPACES 5
Slide 6: Active in Belgium, France & Spain
ACTIVE IN BELGIUM, FRANCE & SPAIN GEOGRAPHICAL SPREAD (based on the fair value) 6
Slide 7: 2. Portfolio
2.Portfolio 7 Parc des Drapeaux – Caen (France)
Slide 8: Complementarity of sectors and tenants
COMPLEMENTARITY OF SECTORS TENANTS (in terms of rents) (in terms of rents) 8
Slide 9: Growth of the portfolio
GROWTH OF THE PORTFOLIO 600 ° [o} Ta) 200 100 ee 0 LZ/90 02/60 61/60 81/60 LL/60 91/60 SL/60 bL/60 €1/60 TL/60 LL/60 OL/60 60/60 80/60 40/60 £0/ZO Odi @ France @ Spain @ Belgium
Slide 10: Key figures
KEY FIGURES 30/06/2021 30/09/2020 30/09/2019 Total lettable area 452.913 m² 443.336 m² 409.157 m² Fair Value 703.100 KEUR 690.066 KEUR 622.894 KEUR Investment Value 733.105 KEUR 719.429 KEUR 646.172 KEUR Current gross yield 6,37% 6,56% 6,57% Average rent per m² 107 EUR 109 EUR 107 EUR EPRA occupancy
Slide 11: Evolution of occupancy rate
EVOLUTION OF OCCUPANCY RATE 11
Slide 12: Latest acquisitions & developments
Couillet – LATEST ACQUISITIONS Supermarket + 4 units & DEVELOPMENTS Châtelineau – Cultura 1.625 m² Chalon-sur-Saône Maisons-du-Monde 1.500 m2 Messancy Façade lifting 12
Slide 13: Impact of the coronavirus crisis
IMPACT OF THE CORONAVIRUS CRISIS CLOSURE OF SHOPS IMPORTANCE OF THE OMNICANALITY Partial cancellation of rents for highly impacted retailers • 1,64 million EUR on FY 2019/2020 INDIVIDUAL DIALOGUE WITH EACH (NON-FOOD) RETAILER (=3,7% rental income) • 1,24 million EUR after 9 months of FY 2020/2021 (
Slide 14: 3. Financial Performance
3.Financial Performance 14
Slide 15: Consolidated results
CONSOLIDATED RESULTS — Rental income : up by 5,2% (before corona impact) — EPRA Earnings : up by 7,6% — Impact covid-19 : 3,6% of rental income* CONSOLIDATED RESULTS (000 EUR) 30/06/2021 30/06/2020 30/09/2020 RENTAL INCOME 34.639 32.926 44.555 CONSOLIDATED RESULTS (000 EUR) 30/06/2021 30/06/2020 30/
Slide 16: Consolidated balance sheet
CONSOLIDATED BALANCE SHEET CONSOLIDATED BALANCE SHEET (€000s) 30/06/2021 30/09/2020 ASSETS 727.735 713.716 Investment properties 710.199 697.639 Other non-current assets 2.342 1.506 Trade receivables 2.889 7.441 Cash and cash equivalents 4.728 4.710 Other current assets 7.576 2.420 EQUITY AND LIABIL
Slide 17: Debt structure
DEBT STRUCTURE 30/06/2021 30/09/2020 Financial debts (IFRS 16 exc): Financial debts (IFRS 16 exc): 340.579 € 329.027 € 17
Slide 18: Financing – key figures
FINANCING – KEY FIGURES Average maturity of debt : 3,45 Debt ratio : Average Cost of 49,0% Debt : 1,84% Hedge Ratio : 84,30% >70% until 30/09/25 18
Slide 19: Share price & dividend
SHARE PRICE & DIVIDEND 30/06/2021 30/06/2020 30/09/2020 Number of shares 6.595.985 6.595.985 6.595.985 NAV EPRA €55,20 € 53,85 € 54,95 EPRA Earnings per share € 3,40 € 3,16 € 4,46 Gross Dividend - - € 3,65 30/06/2021 30/06/2020 30/09/2020 Share price € 48,15 € 47,10 € 41,80 Gross Dividend Yield 7,6%
Slide 20: Appendix
Appendix Les Papeteries de Genval 20 (Belgique)
Slide 21: Status & shareholding structure
STATUS & SHAREHOLDING STRUCTURE Listed on Euronext A BELGIAN REIT Brussels since 2007 — Risk diversification (20%) — Limitation of debt (65%) SHAREHOLDING STRUCTURE — Obligation of distribution (80%) 10,0% — Tax transparency AG Insurance SA — Control by the FSMA 9,5% — Free float (min 30%) Carl, E
Slide 22: Contacts
Contacts Vincent H. Querton Cédric Biquet Aurore Anbergen CEO CFO Head of IR, Marketing & Communication +32 71 91 95 00 +32 71 91 95 00 +32 71 91 95 23 vincent.querton@ascencio.be cedric.biquet@ascencio.be aurore.anbergen@ascencio.be 22
Slide 23: Disclaimer
Disclaimer This presentation has been made only to inform financial analysts or qualified investors. Therefore, it must not be considered as an incentive to invest or as an offer to acquire Ascencio shares under any laws of European countries of the USA or Canada. Moreover, this presentation contain
Slide 24: Ascencio contact details
Ascencio Avenue Jean Mermoz, ¼ 6041 Gosselies - info@ascencio.be +32 (0) 71 91 95 00 www.ascencio.be
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