Slide 1: CTP N.V. Financial Highlights H1 2022
CTP N.V. Financial Highlights H1 2022 Results presentation of 10 August, 2022 Parkmakers
Slide 2: Strong and Stable Investment Portfolio, with the Opportunity for Disciplined Organic Growth
Strong and Stable Investment Portfolio, with the Opportunity for Disciplined Organic Growth § Robust and growing income driven by: § Like-for-like rental growth and increased indexation § Development deliveries underpinned by industry-leading YoC capitalising on 20m sqm land bank § Selective accreti
Slide 3: Summary KPIs: H1 2022 Strong Performance
SUMMARY KPIS H1 2022: Strong Performance Financial highlights Operational highlights €538m €490m 95% NEXT 12 MO. CONTRACTED PROFIT AFTER TAX OCCUPANCY 6.4 yrs WAULT (98% CZ) REVENUES 1 37% EPRA EARNINGS €0.22 €47m 4.3% INTERIM DIVIDEND ANNUALISED RENTAL LIKE-FOR-LIKE GROWTH 2 INCOME CONTRACTED 3 REN
Slide 4: CTP Present in ten Countries across Western Europe and CEE
CTP Present in ten Countries across Western Europe and CEE Core Markets Expanding Markets >620 CTP FTE's 9.5m WE Markets sqm GLA (owned) PORTFOLIO VALUE BY COUNTRY (%) €10.6bn DE NL AT BG 9.7% 1.8% 0.2% SL 0.6% 0.1% RS 1.8% PL 2.1% GAV SK €10.6bn 6.9% HU 8.7% GAV CZ 52.7% 40MWp Installed PV 1 RO 15.
Slide 5: Strong & Diversified International Client Base
TOP 50 CLIENTS Strong & Diversified International Client Base TOP 50 DHL % of Total GLA 2.4% % of Total GRI 2.5% Properties 16 Countries 3 Low operational and financial risk Quehenberger Yanfeng 1.7% 1.7% 1.4% 2.0% 11 8 3 3 Loxxess 1.4% 1.8% 4 1 Deli Home 1.2% 0.1% 20 1 DSV 1.2% 1.3% 8 2 TOP 50 CLIE
Slide 6: Increasing Footprint in Poland - Largest CEE Market
Increasing Footprint in Poland - Largest CEE Market New Polish Acquisitions ü Hand-Picked high-quality portfolio of land including two buildings under construction ü 14 new strategic locations ü 2.5 million sqm land bank ü 1.2 million sqm development potential 6
Slide 7: Land Bank Allows Significant Increase in Rental Income at Market-Leading Y-o-C
2022 TARGETS Land Bank Allows Significant Increase in Rental Income at Market-Leading Y-o-C 24-year track record of profitable organic growth LAND BANK DEVELOPMENT LAND BANK by COUNTRY 25 BG SL AT 1.9% 0.4% 20.3 2.9 20.0 2.0% 20 RS 4.6% -2.6 -0.6 NL 15 7.5% CZ 30.9% SK 9.1% 10 HU 11.9% 5 RO 17.2% PL
Slide 8: Buoyant Market Fundamentals Driving Rental Growth in Core Markets
Buoyant Market Fundamentals Driving Rental Growth in Core Markets 1 CTP NEXT 12 MO. TOTAL REVENUES 2 (€ million) 538 380 42% 22.2% 4 MARKET GROWTH IN NET CTP GROWTH Y-o-Y TAKE-UP Y-O-Y GLA H1 2021 H1 2022 2.7% 10% CTP MARKET SHARE of STANDING ASSETS 3 (%) 27.4% MARKET VACANCY (H1 2022) MARKET GROWTH
Slide 9: Financial Highlights
Financial Highlights 9
Slide 10: EPRA Overview
EPRA Overview Financial Highlights Six months to 30 June 2022 (€ million) Six months to 30 June 2021 (€ million) Increase (%) €0.22 INTERIM DIVIDEND Net rental income 211.5 160.3 32% PER SHARE Net valuation result on investment property1 499.0 145.7 242% 4.3% Profit for the period 490.2 188.3 160% C
Slide 11: Consistent Revenue Growth
INCOME Consistent Revenue Growth NEXT 12 MO. REVENUE GROWTH 1 (€ million) 600 62 538 500 15 46 25 400 11 380 300 200 >42%GROWTH 100 0 Standing Acquisition DIG H1 2021 New development Projects to be delivered H1 2022 1. Rent roll including service charge income (Base rent + other rental income + extr
Slide 12: H1 22 Contracted Rent Underpinned by Strong Demand
INCOME H1 22 Contracted Rent Underpinned by Strong Demand CONTRACTED RENT IN H1 2022, ANNUALISED1 (€ million) 50 19 47 45 40 35 30 1 28 6 25 22 20 15 10 5 0 Take-up of existing Other rental movements Take-up of pre-let developments Total take-up Pre-lets signed in H1 Rental income vacant/expiring sp
Slide 13: Valuation Growth Driven by Rental Growth & Development Activity
VALUATION Valuation Growth Driven by Rental Growth & Development Activity REVALUATION (YTD) INVESTMENT PROPERTY AND INVESTMENT (€ million) PROPERTY UNDER DEVELOPMENT (€ million) 600 12,000 Core portfolio 768 33 499 500 >89% 10,000 24 25 1,058 114 527 400 8,000 774 303 300 6,000 200 4,000 100 2,000 7
Slide 14: Solid Liquidity, Low Average Cost of Debt and Favorable Maturity Profile
Funding Solid Liquidity, Low Average Cost of Debt and Favorable Maturity Profile CONSERVATIVE RESIDUAL MATURITY OF DEBT COST OF DEBT (€ million due in following years) (%) 1,800 BBB- Q1 2022 Q2 2022 3.0% 1,603 1,600 1,491 1,466 2.50% (S&P) 2.5% Baa3 1,400 2.10% 2.00% 1,200 2.0% CREDIT (Moody’s) 1,09
Slide 15: Outlook
Outlook ü Increased macro uncertainty but occupational market has remained robust to date, underpinned by structural drivers ü High-quality portfolio, let to diverse client base delivers resilient and growing income streams with: ü increasing indexation ü embedded reversionary potential ü Alert to m
Slide 16: Appendices
Appendices 16
Slide 17: EPRA EPS
EPRA H1 H1 EPRA EPS EPRA Earnings 2022 (€m) 2021 (€m) Earnings per IFRS income statement 496,312 188,279 Adjustments to calculate EPRA Earnings, exclude: Changes in value of investment properties, development properties held for investment and other interests 499,016 145,743 Profits or losses on dis
Slide 18: EPRA NAV
EPRA EPRA NAV EPRA Net Asset Value Metrics EPRA NTA EPRA NRV EPRA NDV EPRA NTA EPRA NRV EPRA NDV June 22 June 22 June 22 December 2021 December 2021 December 2021 IFRS Equity attributable to shareholders 4,935,713 4,935,713 4,935,713 4,106,830 4,106,830 4,106,830 Include / Exclude: i) Hybrid instrum
Slide 19: EPRA NIY
EPRA EPRA NIY H1 31 Dec EPRA NIY and 'topped-up' NIY 2022 (€m) 2021 (€m) Investment property – wholly owned 9,671,692 7,822,472 Investment property – share of JVs/Funds Trading property (including share of JVs) Less: developments 1,057,700 774,204 Completed property portfolio 8,613,992 7,048,268 All
Slide 20: Predictable Cashflows from Existing Portfolio Further Solidified
2022 TARGETS Predictable Cashflows from Existing Portfolio Further Solidified Strong Performance across all Key Metrics NEXT 12 MO. REVENUES 1 WAULT OCCUPANCY (EUR million) (years) (%) 538 6.7 95 95 94 437 6.5 6.4 380 H1 2021 YE 2021 H1 2022 H1 2021 YE 2021 H1 2022 H1 2021 YE 2021 H1 2022 COLLECTION
Slide 21: Maintaining Sustainability leadership
CTP ADVANGAGE Maintaining Sustainability leadership 8 BREEAM Low Energy Solar farms 5.8 million kWh certified LED Lights & Reflective roofs Energy Generation CARBON NEGATIVE ON OPERATIONS RB 2021 CA 0% Waste Climate Increasing Circular 2x ctForest Adaptive Biodiversity Economy 1:1 m2 Portfolio 21