Wereldhave N.v. · EURONEXT:WHA
Wereldhave — Investor Presentation (May 2025)
85 slides from Wereldhave's investor presentation, May 19, 2025
Slide 1: Wereldhave Investor Presentation May & June 2025
Slide 2: Table of contents
Table of contents 1. Key Messages & Highlights 2. Results 3. Transactions 4. LifeCentral 5. Financing & Valuations 6. ESG 7. Management Agenda 8. Appendices 2 wv Wereldhave
Slide 3: Key messages FY 2024
Key messages FY 2024 * Net profit 2024 at € 140m, highest since 2007 * Direct result 2024 at € 1.76 per share, slightly above guidance of € 1.75 * Despite Benelux bankruptcies, occupancy rate of core portfolio increased to 97.3% * Disposal Dutch asset Winkelhof (€ 56m) around book value in 2025 * Po
Slide 4: Key Messages Luxembourg Acquisitions
Key Messages Luxembourg Acquisitions * Wereldhave acquires two shopping centers in Luxembourg: ¢ Wereldhave Belgium acquires Knauf Shopping Pommerloch ¢ Wereldhave NV. acquires Knauf Shopping Schmiede * Significant upside identified by transforming the acquired assets into Full Service Centers * Tax
Slide 5: 2025 Q1 Trading Update
2025 Q1 Trading Update Quarterly direct result per share (DRPS) € 0.44, +7% compared to previous year Successful completion of Knauf shopping center acquisitions in Luxembourg Continued improvement in Dutch leasing market with flat leasing spreads; all former Blokker units re-leased Daily life retai
Slide 6: FY 2023 FY 2024 Change
FY 2023 FY 2024 Change Direct result per share (€) 1.73 1.76 +1.6% Indirect result per share (€) 0.24 0.90 +273.8% Total result per share (€) 1.97 2.66 +35.0% FY 2023 FY 2024 Change EPRA NTA per share (€) 21.90 23.43 +7.0% Net LTV (%) 42.7 41.8 -0.9pp EPRA Cost Ratio (%) 29.4 22.4 -7.0pp Proportion
Slide 7: Table of contents
Table of contents 1. Key Messages & Highlights 2. Results 3. Transactions 4. LifeCentral 5. Financing & Valuations 6. ESG 7. Management Agenda 8. Appendices 7 wv Wereldhave
Slide 8: Highlights FY 2024
Highlights FY 2024 Rental growth driven by excellent operational performance Like-for-Like Net Rental Income Growth FY 2024 vs. FY 2023; % Impacted by bankruptcies 6.7% 1.2% Belgium Netherlands Core Portfolio Wereldhave
Slide 9: Leasing activity by country
# of Leasing Occupancy Country MGR Uplift3 vs ERV Contracts1 Volume2 Rate Belgium 56 9.6% 7.8% 10.2% 99.0% Netherlands 188 18.7% (3.2%) 6.8% 96.2% Core Portfolio 244 15.0% (0.5%) 7.7% 97.3% France 16 10.4% (36.1%) (16.2%) 96.9% Total 260 14.7% (2.0%) 6.1% 97.3%
Slide 10: KPI Full Service Center In Transformation
Traditional KPI Full Service Center In Transformation Shopping Center # Assets 9 4 3 Mixed Use Percentage 17.4% 14.7% 8.2% Direct Result 6.5% 6.4% 6.4% Valuation Result 4.8% 2.4% 5.3% Total Property Return1 (unlevered) 11.3% 8.8% 11.7% Operating Performance MGR Uplift2 0.0% (1.2%) (0.8%) MGR vs. ERV
Slide 11: Footfall growth in line with market
Footfall growth in line with market Footfall growth vs. same period 2023: Belgium Footfall growth vs. same period 2023: Netherlands FY 2024; % FY 2024; % 10 10 5 5 0 0) > > § £= F & > B® B&B BB B > 2 S$ £ FP & > B B & B&B GE e253 3 32 82 2 gs $B fF 2 32 5 3 8 5 5S 2 a2 6 8 @ cay 5s 5 = 2 g ov o G 5
Slide 12: Tenant Sales
Tenant Sales +4% increase in tenant sales versus 2023) Tenant sales delta: Belgium? FY 2024 vs. FY 2023; % 2023 was impacted 13% by Delhaize strikes Impacted by now bankrupt Lunch Garden 4% 4% 3% co oe | ox |_| (1%) Wereldhave Shoes Fashion Food & Groceries Health & Homeware Multimedia Belgium Bever
Slide 13: Further increase of Daily Life share in portfolio
Further increase of Daily Life share in portfolio 2019/Launch LifeCentral 2023 2024 % of rent % of rent % of rent Total Daily Total my | Total Daily Life: 51% Life: 66% @ Life: 68% < > ‘ > N% 1% Daily Life I Food Il Food & Beverage Fashion (discount) 1 Fashion (mainstream) |) Multimedia & Electronic
Slide 14: Benelux update
Benelux update Belgium * 56 retail deals signed, 10.2% above ERV and 7.8% above previous rent on average. For example: * Kortrijk: Courir, CKS & Histoire d’Or * Les Bastions: Adopt, Coprosain, Kiko & MS Mode * Liége: Juttu, Pearle, Haagen-Dazs & JOTT * Nivelles: Histoire d'Or, Jules & Pearle * Bankr
Slide 15: Stable OCRs in both countries
Stable OCRs in both countries OCR Wereldhave Belgium’ FY 2024, LTM; % 20% 17% 13% : 18% 4% 1% 10% 4% Wereldhave Fashion Shoes Food& Groceries Health & Homeware Multimedia Beverage Beauty & Belgium 1) Belgium OCRs calculated with tenant sales numbers based on 79% of rental value (sales data received
Slide 16: 2024 cost savings lead to higher NRI and lower GENEX
2024 cost savings lead to higher NRI and lower GENEX Focus on net service charges, property expenses and direct GENEX Net Service Charges Property Expenses €m €m -€ 1.6m -€ 1.5m -19.3% 6.4% 23.3 21.8 Direct GENEX em (€04m\ 2021A 2022A 2023A Inflation & Savings 2024A Inflation & Savings FC + 2025FC I
Slide 17: Direct result
Direct result _ 9% increase in Direct Result -€ 5.5m a €91.5m Actuals 2023 Acquisition Disposal Gent NRI Netherlands NRI NRI General Other income Interest Actuals Polderplein Overpoort Belgium France Cost and expense 2024 y Wereldhave
Slide 18: 2024 DRPS € 1.76 and outlook 2025 DRPS at € 1.70 - € 1.80
2024 DRPS € 1.76 and outlook 2025 DRPS at € 1.70 - € 1.80 Direct Result per Share Dividend per Share € € 173 1.76 1.70 - 1.80 1.30 1.25 : 2022 2023 2024 2025FC 2022 2023 2024P 2025FC is Wereldhave
Slide 19: Table of contents
Table of contents 19 Key Messages & Highlights Results Transactions LifeCentral Financing & Valuations ESG Management Agenda Appendices Wereldhave
Slide 20: Asset key figures
Size (m2) 19,371 • Occupancy1) (% of Rent) 95.3 • NRI (€ m) 4.0 • Average rent per m2 let (€) 267.0 Everyday life retail (% of Total Rent) 83.1 • Mixed-use (% of Total m2) 8.5 • Tenants 68 Annual footfall (m visitors) 3.9
Slide 21: Key terms Knauf Shoppings transaction
Key terms Knauf Shoppings transaction Seller Nextensa (through its Luxembourg subsidiary) € 167m (incl. € 1m transaction costs), for Acquisition price 62k m? retail space, 12k m? office, storage & gas station, 2,400 parking places and land plots Acquisition date 13 February 2025 NIY WH Bel Net Initi
Slide 22: Knauf Shopping Acquisition Rationale
Knauf Shopping Acquisition Rationale The assets are a good geographic match: Geography ¢ Luxembourg is a high-income country with regulated supply of retail space * Geographic expansion close to existing markets; no additional management staff required The assets are a good fit with our LifeCentral
Slide 23: Post valuation synergies EPRA LTV neutral
Post valuation synergies EPRA LTV neutral Expected EPRA LTV — Wereldhave N.V. Expected Net LTV — Wereldhave N.V. Expected Net LTV — Wereldhave Belgium 476% 46.8% 476% 471% 42.7% 45.4% 41.8% 43.5% 431% 34.9% 34.7% M6% 28.8% 28.4% 32024 FY 2024 Proforma Proforma Pro-forma 32024 FY 2024 Proforma Profor
Slide 24: Key terms Tilburg acquisition
Key terms Tilburg acquisition Seller Dutch Family Office Acquisition price € 5.4m (incl. transaction costs), for 2,756k m? retail space adjacent to our existing properties Acquisition date 14 April 2025 Pricing characteristics Net Initial Yield: 11.0% Deal structure Share deal (contribution in kind)
Slide 25: Table of contents
Table of contents 25 Key Messages & Highlights Results Transactions LifeCentral Financing & Valuations ESG Management Agenda Appendices Wereldhave
Slide 26: LifeCentral progress 2024
LifeCentral progress 2024 * Two Full Service Center deliveries planned for 2025: Kronenburg Phase 1, Arnhem (NL) and Shopping Nivelles (BE) * First Healthcare Cluster ‘health&fit’ opened in Presikhaaf, Arnhem (NL) * Signed toys store Intertoys and fitness Yellow Gym well above ERV (+13%) in FSC Vier
Slide 27: In transformation: Nivelles
In transformation: Nivelles Nivelles, Belgium A Full Service Center offering its visitors everything under one roof; from functional to fun shopping and an extensive F&B offering including outdoor terraces Key items of transformation: + Extension of F&B area spread over six covered terraces along th
Slide 28: In transformation: Kronenburg
In transformation: Kronenburg Arnhem, Netherlands A Full Service Center with a varied F&B, health, leisure and entertainment offering and strong connection to surroundings Key items of transformation phase 1 Right-sizing of the asset by increasing the daily life offering with addition of large Jumbo
Slide 29: LifeCentral strategy
LifeCentral strategy Significant outperformance of Full Service Centers Footfall Total Property Return’ % delta 2024 FY vs. 2023 FY Average FY 2022 - FY 2024 8% 9% IRR Hurdle B --4>====------------- 1% Full Service — Other Assets Full Service — Other Assets Centers Centers Note: core portfolio only
Slide 30: LifeCentral CAPEX program: almost 80% invested
LifeCentral CAPEX program: almost 80% invested Investments only done in --| NL & BE assets withIRRs Total LifeCentral investments’ in NL and BE, excl. FR - Notte € m, 2020-2026+ above threshold of 8. 291 226 25 OT os pis 40 LifeCentral CAPEX Spent 2020-2024 Remaining LifeCentral CAPEX 2025 2026+ [Un
Slide 31: Capital allocation decisions NL & BE assets
Capital allocation decisions NL & BE assets1
Slide 32: Continued evidence for strong FSC yield shift
Continued evidence for strong FSC yield shift Yield shift since start of FSC Transformation bps Vier Meren (122) Kronenburg Sterrenburg De Koperwiek Cityplaza Presikhaaf 13 Eggert 13 NL Market Yield! 90 Genk Shopping 1 (22) Shopping Belle-ile 54 Ring Kortrijk 83 Tournai 94 BE Market Yield? 100
Slide 33: Residential profits
Residential profits Development of residential units # Units {) In Progress Middenwaard lll Early Stage Koperwiek Total: 1,000 - Kronenburg Tilburg 1,400 units Winkelhof Nivelles Residential potential in 2 Luxembourg assets 33 1) Source pictures: Van SchijndelBouwgroep Geffen not yet included Reside
Slide 34: Table of contents
Table of contents 34 Key Messages & Highlights Results Transactions LifeCentral Financing & Valuations ESG Management Agenda Appendices Wereldhave
Slide 35: Valuation by country FY 2024
Value (€ m) Revaluation FY 2024 EPRA NIY (%) Country FY 2023 FY 2024 €m % FY 2023 FY 2024 Belgium 850 892 31.7 3.7% 6.4% 5.9% Netherlands 1,034 1,083 26.2 2.5% 6.3% 6.3% Core Portfolio 1,884 1,975 58.0 3.0% 6.4%1 6.1%1 France 176 175 (4.9) (2.7%) 4.8% 5.1% Offices Belgium 102 103 (0.2) (0.2%) 7.5% 7
Slide 36: Net LTV Target
Net LTV Target Net LTV Q1 2025 LTV at 44.0% 43.9% 44.0% . FY 2022 H1 2023 FY 2023 FY 2024 Q12025 Target 36 Non-core asset Winkelhof sold (€ 56m) in 2025 Two new assets acquired in Luxembourg (€ 167m) in 2025 Disciplined CAPEX spending continues in 2025 Equity backed acquisitions Disposal of second D
Slide 37: Finance Profile
Finance Profile Investment Grade rating (Fitch: BBB stable) Net Loan to Value (LTV)' Debt vs. peers? Debt, % of value Debt/EBITDA t -4.9pp | 1.3X 44.8% 46.7% 101X gay 8.0X 7.2K : ; I 2021 2022 2023 2024 Peer1 Peer2 Peer3 Peer4 WH Peer5 Peer6 1) Source: Wereldhave Annual Reports Wereldhave 37 2) Peer
Slide 38: Debt and liquidity Q4 2023 to Q1 2025
Q4 2023 Q4 2024 Q1 2025 Comments Debt increased in Q1 2025 following the debt-funded portion of Interest bearing debt1 (€) 943m 955m 1,080m Luxembourg acquisition Average cost of debt 3.45% 3.50% 3.49% Relatively stable cost of debt Undrawn committed (€) 127m 263m 233m Cash position (€) 26m 18m 21m
Slide 39: Debt Mix & Maturity Profile
Debt Mix & Maturity Profile Debt Mix Q4 2024 Debt Mix Q1 2025 Hl uspp 1 Bank loans (inl. RCF) I Treasury notes I Bonds Debt Maturity Profile Q1 2025 In€ém 300 1 200 1 1 ' i o fj 8 l f te) Ct | — || os Drawn Undrawn Drawn Undrawn Drawn Undrawn Drawn Undrawn ! Drawn Undrawn Drawn Undrawn 2025 2026 202
Slide 40: Table of contents
Table of contents 40 Key Messages & Highlights Results Transactions LifeCentral Financing & Valuations ESG Management Agenda Appendices Wereldhave
Slide 41: Our Better Tomorrow strategy
Our Better Tomorrow strategy Our main commitments and results ESG performance Maintain GRESB 5-star rating Climate mitigation Reduce carbon emissions with 30% by 2030, and become Paris Proof in 2045 (incl. scope 3 emissions) Climate adaptation Mitigate physical climate risks by improving resilience
Slide 42: Maintaining our strong ESG position
Maintaining our strong ESG position ESG performance on sector, climate and investor benchmarks and ratings . 9 4 BREEAM Corporate ESG Very Good Performance ¢ y kkk RATED BY 85% of centers certified ISS ESG> GRES ‘Very Good’ or higher REAL ESTATE 11 consecutive years eT HORII | SUSTAINALY TICS MSCI &
Slide 43: Main ESG projects 2024
Main ESG projects 2024 EU legislation - CSRD & EU Taxonomy + Assessment of ESG topics through double materiality analysis completed * Gap analysis finalized to identify key compliance areas * Project Terra taskforce activated (workgroups for CSRD and EU Taxonomy implementation) * Independent readine
Slide 44: Sustainability partnership with Jumbo
Sustainability partnership with Jumbo Jumbo and Wereldhave have partnered up to make the Jumbo locations within the Wereldhave portfolio more sustainable The collaboration presents both a positive sustainability impact, as well as a return above our investment threshold and will have a positive impa
Slide 45: Table of contents
Table of contents 45 Key Messages & Highlights Results Transactions LifeCentral Financing & Valuations ESG Management Agenda Appendices Wereldhave
Slide 46: New Management Agenda
New Management Agenda Focus on Creating scale T get 2025-2027 Expand portfolio Current Status Luxembourg acquisitions completed, exploring further deals; maintaining strong balance sheet Total Return Exceed 10% annualized Total Return (up from 8%) FY 2024: 11.3% Capital re-allocation 2 Dutch disposa
Slide 47: Table of contents
Table of contents 47 Key Messages & Highlights Results Transactions LifeCentral Financing & Valuations ESG Management Agenda Appendices Wereldhave
Slide 48: Key Facts
Key Facts Number of retail assets1 21 Average size 29,931 m² Number of shopping center 97.6 m visitors in 2024 Net loan-to-value ratio 41.8 % Occupancy shopping 97.3 % centers 9 EPRA NIY shopping centers 6.0 % WALT2 5.1 years Development pipeline3 € 15 m 6
Slide 49: Portfolio split by country
Offices 5% Belgium Netherlands 44% 48% Retail Assets 95% France 8%
Slide 50: Top 10 Tenants
Top 10 Tenants % of rent Ahold Delhaize 5.6 % Jumbo Group 4.6 % C&A 3.1 % A.S. Watson Group 3.1 % Carrefour 2.3 % Bestseller 2.1 % The Sting 1.7 % H&M 1.5 % A.F. Mulliez (Decathlon, Kiabi) 1.5 % Ceconomy (Mediamarkt) 1.2 % Total top 10 26.7 %
Slide 51: Like-for-like NRI growth
Like-for-like NRI growth LFL NRI growth (% yoy) 14.4% 14.1% Belgium France Netherlands 51 MlFY 2022 MMFY 2023 BI FY 2024 Shopping centers Wereldhave
Slide 52: Occupancy rates
Occupancy rates EPRA Occupancy rate Shopping Centers 0.8% 99.0% Belgium France The Netherlands Shopping centers Ml FY 2022 MM FY 2023 MI FY 2024 Ps Wereldhave
Slide 53: Footfall
Footfall Change in visitors versus the same period previous year (%) 20% 18% (8%) (8%) (28%) (28%) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Hl Belgium MM France (i) Netherlands {MJ Full Service Centers gg Note: 2020, 2021 and 2022 infuenced by Cov Measures Wereldhave
Slide 54: Breakdown of valuation results FY 2024
Breakdown of valuation results FY 2024 Yield vs Rent Belgium Netherlands Core portfolio France Offices Belgium Total HB Vield shift HB Market rent & other 54 37% Wereldhave
Slide 55: EPRA NTA
EPRA NTA EPRA NTA Bridge: YE 2023 to YE 2024 (€ per share) 0.90 (1.20) EPRA NTA YE 2023 55 Direct result Indirect result Dividend Other EPRA NTA YE 2024 Wereldhave
Slide 56: Reconciliation of EPRA value metrics YE 2024
Reconciliation of EPRA value metrics YE 2024 (€ per share) 3.31 26.74 331 2343-005 005 | 0.00 23.43 0.05 IFRS NAV Impact dilutive — Fair value RETT EPRANRV Exclude RETT Exclude EPRANTA Reverse NTA Fair value of +==EPRANDV YE 2024 shares financial YE 2024 Intangible YE 2024 adjustments _ fixed intere
Slide 57: Acquisition of Knauf Shoppings Pommerloch & Schmiede - Luxembourg
Acquisition of Knauf Shoppings Pommerloch & Schmiede.- Luxembourg Next step in LifteCentral Phase 2: Growth 13 February 2025 Wereldhave
Slide 58: Key Messages
Key Messages * Wereldhave acquires two shopping centers in Luxembourg: * Wereldhave Belgium acquires Knauf Shopping Pommerloch ° Wereldhave NV. acquires Knauf Shopping Schmiede ¢ Significant upside identified by transforming the acquired assets into Full Service Centers * Tax efficient transaction i
Slide 59: Key terms transaction
Key terms transaction Seller Nextensa (through its Luxembourg subsidiary) € 167m (incl. € 1m transaction costs), for Acquisition price 62k m? retail space, 12k m? office, storage & gas station, 2,400 parking places and land plots Acquisition date 13 February 2025 NIY WH Bel Net Initial Yield combine
Slide 60: Acquisition Rationale
Acquisition Rationale The assets are a good geographic match: Geography ¢ Luxembourg is a high-income country with regulated supply of retail space * Geographic expansion close to existing markets; no additional management staff required The assets are a good fit with our LifeCentral strategy: * Ten
Slide 61: Luxembourg is a high-income country with regulated supply of retail space
Luxembourg is a high-income country with regulated supply of retail space * Luxembourg has the highest purchasing power per capita in Europe * Index of GDP per Capita’; EU = 100 240 EE 130 117 115 101 97 89 mo oe Lu NL BE DE FR IT —s * Luxembourg has strongly regulated supply of shopping center spac
Slide 62: Luxembourg expansion fits strategy to grow in core markets
Luxembourg expansion fits strategy to grow in core markets Part of LifeCentral strategy to become market leader ... and Luxembourg is highly comparable to our core market in FSCs in Belgium, Netherlands and Luxembourg... Belgium First transformation strategy in European Retail Real * Both Knauf Shop
Slide 63: Schmiede tenants and lease expiry
Post transaction presence Measure Top Tenants in WH portfolio Lease expiration schedule retail Size (k m2) 33 Delhaize 5 % of total rent Q8 New 2025 Occupancy (% of rent) 100 2026 Avient Luxembourg (Office) New 2027 Partners (tenants) 69 Sports Direct 5 2028 Parking places 1,200 2029 Ville Neuve New
Slide 64: Pommerloch tenants and lease expiry
Post transaction presence Measure Top Tenants in WH portfolio Lease expiration schedule retail Size (k m2) 41 Q8 New % of total rent 2025 Occupancy (% of rent) 96 Delhaize 5 2026 Arkadium (Leisure) New 2027 Partners (tenants) 54 New Yorker 6 2028 Parking places 1,200 2029 Pronti 5 2030 Annual footfa
Slide 65: Knauf Shoppings fit Phase 2 of LifeCentral strategy
Knauf Shoppings transaction fits well within the execution of Phase 2 of the LifeCentral strategy as it meets all criteria I Criterium Pommerloch Schmiede Sweet spot: 15K — 50k m? 33k m? 41k m2 107k (30 min drive) 50% BE visitors, 50% Lux 66k (30 min drive) 80% BE visitors, 20% Lux Control Concept/
Slide 66: FSC optimization: F&B, Leisure, Wellbeing & Offices
i FSC optimization: F&B, Leisure Pe te il Wellbeing & Offices Pommerloch and Schmiede already have a Mixed Use share of 23% and 18% respectively Food & Beverage Optimization of F&B offering through implementation of our eat&meet concept - Leisure & Entertainment ws Enhance recently opened Arkadium i
Slide 67: Upside: Higher turnover than in Belgium not reflected in current rent levels
Upside: Higher turnover than in Belgium not reflected in current rent levels Rent Levels In € per m2 700 600 500 400 300 200 100 5 # stores in BE yp qyueuel uolyse4 g queual uolyse4 | queuay uolyse4 }yueuey spods Z JueuaL aJeMaWOH }yueueL aJeMaWoH Liueuay sa0us € JueuaL uolyse4 | queual Ajneag Z Jue
Slide 68: Upside: opportunity to realize additional income
Upside: At both assets there is the opportunity to realize additional income The transaction includes currently not-developed land surrounding Pommerloch — potential for expanding shopping center, creating a retail park and/or developing residential units. Furthermore, there are opportunities for Sp
Slide 69: The acquisition is financed with equity, existing credit facilities and newly raised debt
The acquisition is financed with equity, existing credit facilities and € 100m newly raised unsecured debt Acquisition Payment Bridge €m 167 Weighted average terms: * Duration: 4. Acquisition Price! Contribution in Kind WH NV. Existing Facilities WH NV. Newly Raised Debt WH BE Existing Facilities WH
Slide 70: Post valuation synergies EPRA LTV neutral
Post valuation synergies EPRA LTV neutral Expected EPRA LTV — Wereldhave N.V. Expected Net LTV — Wereldhave N.V. Expected Net LTV — Wereldhave Belgium 476% 46.8% 476% 471% 42.7% 45.4% 41.8% 43.5% 431% 34.9% 34.7% M6% 28.8% 28.4% 32024 FY 2024 Proforma Proforma Pro-forma 32024 FY 2024 Proforma Profor
Slide 71: Limited impact on Net Debt/EBITDA
Limited impact on Net Debt/EBITDA Net Debt/EBITDA — Wereldhave N.V. Peer average: 8.8x 71x 7.2X 7.2X 7.0X FY 2024 Pro-forma incl. Acquisition Knauf Pro-forma incl. Valuation Synergies Pro-forma incl. Potential Shoppings & Disposal Winkelhof Second NL Disposal n Wereldhave
Slide 72: Financial impact Wereldhave N.V.
Financial impact Wereldhave N.V. 9 8.9% 9.6% 8.0% 4.8% Unlevered IRR | Unlevered IRR Unlevered IRR IRR Threshold WACC! Knauf Pommerloch Knauf Schmiede 8.0% 7.8% Based on WH share price 13 February 2025 Net Initial Yield the Implied Net Yield on Stock would be 7.5% Net Initial Yield incl. costs Impli
Slide 73: Share issuance via contribution in kind
Part of the Knauf Schmiede transaction (56%) is financed with the issuance of new shares via a contribution in kind Amount € 35.0m # of shares issued 2.2m (5.1% of shares outstanding) € 15.86 (Dec 2023: Polderplein acquisition cik Issue price issue price: € 14.37) Nextensa (listed Belgian Real Estat
Slide 74: Summary
Summary * Wereldhave acquires two shopping centers in Luxembourg: * Wereldhave Belgium acquires Knauf Shopping Pommerloch ° Wereldhave NV. acquires Knauf Shopping Schmiede ¢ Significant upside identified by transforming the acquired assets into Full Service Centers * Tax efficient transaction in lin
Slide 75: For more information
For more information Wereldhave NV. Investors & Analysts Jeroen Piket Director Treasury & Investor Relations Jeroen Piket@wereldhave.com Media Rik Janssen Head of Marketing Rik.Janssen@wereldhave.com +316 202 20120 Wereldhave Belgium Investors, Analysts & Media Nicolas Rosiers Deputy Chief Executive
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76 Wereldhave
Slide 77: Knauf Shopping Schmiede
Knauf Shopping Schmiede Wereldhave
Slide 78: Knauf Shopping Schmiede
Knauf Shopping Schmiede “eC SU >, ON Le ge Wereldhave
Slide 79: Driving Distance Population
Driving Population Population corrected for Expected population Distance nearby competition Growth till 2030 15 minutes 15k 12k - 30 minutes 66k 51k - 45 minutes 285k 152k +6% (9k inh.)
Slide 80: Current Floor Plan Knauf Shopping Schmiede
Current Floor Plan Knauf Shopping Schmiede COCR tr fo a os 7 Wereldhave
Slide 81: Knauf Shopping Pommerloch
Knauf Shopping Pommerloch 21 Wereldhave
Slide 82: Knauf Shopping Pommerloch
Knauf Shopping Pommerloch Wereldhave 82
Slide 83: Driving Distance Population
Driving Population Population corrected for Expected population Distance nearby competition Growth till 2030 15 minutes 28k 17k - 30 minutes 107k 69k - 45 minutes 298k 155k +8% (22k inh.)
Slide 84: Current Floor Plan Knauf Shopping Pommerloch
Current Floor Plan Knauf Shopping Pommerloch Full ownership of property 42/2. s ° ja lm f| NIVEAU 0 2a Wereldhave
Slide 85: Slide 85