Globalworth Real Estate Investments Limited · LSE:GWI
Globalworth Real Estate Investments — H1 2026 Earnings Presentation
35 slides from Globalworth Real Estate Investments's earnings presentation, Sep 22, 2026
Slide 1: A Leading CEE Office Landlord: 2026 Interim Results Presentation
GLOBALWORTH A LEADING CEE OFFICE LANDLORD 2026 INTERIM RESULTS PRESENTATION
Slide 2: Overview
OVERVIEW The page numbering is dependent on the placeholder “CLICK TO..” text boxes on the page layout in the master view, so please DO NOT remove them Globalworth Tower, Bucharest, Romania 1
Slide 3: Globalworth Snapshot
GLOBALWORTH SNAPSHOT Snapshot Portfolio Select metrics Operating figures: Leading real estate Investor with a primary focus on Present in 9 of the largest and most liquid sub- Poland and Romania markets in Poland and Romania €2.6bn 56 We acquire, develop and manage commercial real Principall
Slide 4: Our Business Model
OUR BUSINESS MODEL Our Resources & Proven Investment Our Core Creating Sustainable Long- Relationships Model Activities term Value Skilled Team Locations 9 Financial Cities Invest in real estate opportunities Prime locations in fast- In-house team of Generate long-term sustainable growing regions of
Slide 5: Our Story Since 2021
OUR STORY SINCE 2021 Portfolio Value (€m) and Footprint (k sqm) Total Contracted Rent (€m) and Average Office Rent 300 (€/sqm/mth) 20.0 3,500 250 19.0 3,000 2,632 195 18.0 2,500 200 16.2 17.0 2,000 Industrial Sale 150 High 16.0 1,500 1,044 100 inflation +14% vs. 15.0 1,000 2021 50 14.0 500 Value Com
Slide 6: Focused on Operational Excellence & Sustainable Growth
FOCUSED ON OPERATIONAL EXCELLENCE & SUSTAINABLE GROWTH Effectively Asset Preserved and/or Flexible Capital Resilient Investment and Property Managing Protected Operational Structure Operating Performance in Sustainable our Real Estate Efficiency Environment & Communities • Signed 133 tenant contract
Slide 7: 2026 Operating Performance Update
2026 OPERATING PERFORMANCE UPDATE 66 Renoma, Wroclaw
Slide 8: Standing Portfolio
STANDING PORTFOLIO 32 investments with 56 standing properties offering c. 1.0 million sqm ‒ The footprint of our standing portfolio slightly Standing GLA1 (k sqm) LfL Standing GAV 2 (€ m) LfL Contracted Rent 2 (€ m) decreased by 0.8% to 1.0 million sqm following the disposals made during H1-2026,
Slide 9: Leasing Review
LEASING REVIEW • Leasing transactions of 106.1k sqm were taken up or Leasing Activity (k sqm) extended in H1-26 ‒ 63.6% of leasing involving renewals, take-up accounting for the difference Leasing Activity by Type (k sqm) Leasing Activity by Country (k sqm) ‒ Average WALL of 4.3 years ‒ New leases s
Slide 10: Asset Management / Sustainable Rental Income
ASSET MANAGEMENT / SUSTAINABLE RENTAL INCOME Total contracted rent of €195.5 million Commercial rent: lease expiration profile (€m) Total rent by commencement period (€m) as of Jun’26 98.0% from standing office and 4.8 2.7 mixed-use properties - 42% 1.4% contracted rent from pre- 17% leases sign
Slide 11: Real Estate Activity
REAL ESTATE ACTIVITY Green Court D: our latest office project, progressing as planned Property Under Development Green Court D Part of our wider Green Court Complex, located in one of Bucharest’s Location Bucharest New CBD most vibrant areas, which, on completion, will add a further 17.2k sqm to E
Slide 12: Our Portfolio Snapshot
OUR PORTFOLIO SNAPSHOT 1111 Skylight and Lumen, Warsaw
Slide 13: Combined Portfolio Snapshot
COMBINED* PORTFOLIO SNAPSHOT Globalworth Poland Globalworth Romania Globalworth Group As of June 30th, 2026 Standing Investments(1) Warsaw, 6 Regional, 12 18 Office, 12 Others**, 2 14 Office & Mixed Use, 30 Others, 2 32 Standing Buildings Warsaw, 11 Regional, 25 36 Office, 18 Others**, 2 20 Office &
Slide 14: Class A, Modern Office Portfolio in Prime CBD Locations
“CLASS A”, MODERN OFFICE PORTFOLIO IN PRIME CBD LOCATIONS AND SELECT REGIONAL HUBS … Standing Portfolio as of June 2026: >€2.5bn with c. 1.0m sqm GLA in Poland and Standing Modern Portfolio as of 30 June 2026: Breakdown Romania and more than 98% Green Certified by Year of Last Refurbishment (€m) 4 Y
Slide 15: Leased to International Blue-Chip Tenants with Strong Defensive Leases
… LEASED TO INTERNATIONAL BLUE-CHIP TENANTS WITH STRONG DEFENSIVE LEASES Diversified base of tenants with 71.2% of contracted rent from multinationals and high dispersion with the largest tenant being 3.5% of contracted rent Romania Poland Group Globalworth's multi-tenant / campus leasing model re
Slide 16: Best in Class Office & Mixed-Use Assets in Poland
BEST IN CLASS OFFICE & MIX- USE ASSETS IN POLAND… Warsaw GAV €599.1m Standing Properties 11 Gdansk Standing GLA 166.2k sqm Standing Occupancy 92.3% Standing Contracted Rent: €42.1m Standing 100% Potential Rent €45.3m WARSAW Regional Poland 57.5% of our Polish portfolio by value is in 5 regional citi
Slide 17: Best in Class Portfolio in Romania
…AND BEST IN CLASS PORTFOLIO IN ROMANIA Bucharest NEW CBD GAV €919.8m Standing Properties 13 Standing GLA 353.4k sqm Unicredit HQ NEW CBD Standing Occupancy 94.3% Standing Contracted Rent €68.4m TCI Standing 100% Potential Rent €71.9m RBC GLA under development 17.2k sqm City Offices ERV of Developme
Slide 18: 2026 Capital Markets Performance
2026 CAPITAL MARKETS PERFORMANCE 1717 Globalworth Campus C, Bucharest
Slide 19: Capital Markets: Equity Performance
CAPITAL MARKETS: EQUITY PERFORMANCE No significant change in shareholder structure since 2021; Share price mainly impacted by limited free float and trading During first part of 2026 CEE’s capital markets have been Shareholding Structure as of 30 June 2026 defined by a shift towards domestic capit
Slide 20: Capital Markets: Bond Performance
CAPITAL MARKETS: BOND PERFORMANCE Further deleveraged by redeeming, during Jan-Feb’26, €125m from the 2029 Notes, anticipating a positive impact on our financing costs H1-26 Eurobond Perfomance • Following the bond refinancing back in 2024 and subsequent redemption and buyback we have 6.400% reached
Slide 21: Financial Results Presentation
FINANCIAL RESULTS PRESENTATION 2020 BOC, Bucharest
Slide 22: Financial Highlights H1 2026
FINANCIAL HIGHLIGHTS H1 2026 2.0% like for like rental income growth on standing properties Consolidated Revenue of €119.9m for H1 2026, up Rental Income Like-for- by 3.6% Portfolio Value1 NOI Like-for-like like €2.62bn €68.3m €76.0m On a like-for-like basis our rental income increased Vs 2025YE
Slide 23: Financial Highlights: H1 2026 Earnings – Key Drivers
FINANCIAL HIGHLIGHTS: H1 2026 Earnings – Key Drivers Profit improved to €20.2m in H1 2026 from €8.0m in H1 2025, driven by substantial gain in property revaluation and gain on valuation of financial instruments and lower income tax expenses Total rental income increased by 1.7% year-on-year, with
Slide 24: Financial Highlights: Condensed Balance Sheet June 2026
FINANCIAL HIGHLIGHTS: CONDENSED BALANCE SHEET 30 JUNE 2026 The Group maintains a high liquidity position, supported by a cash balance of €273.4m, which covers approximately 22% of its outstanding debt of €1.2bn Investment property freehold: Actual Actual Change (figures in €m) Jun-26 Dec-25 ∆'m %
Slide 25: Financial Highlights: Condensed Cash Flow June 2026
FINANCIAL HIGHLIGHTS: CONDENSED CASH FLOW 30 JUNE 2026 Actual Actual Change Free Cash flow negatively influenced by €5.9m one-off (figures in €m) Jun-26 Jun-25 ∆'m % income tax payment, €4.0m brought-forward interest Cash flow from operations before net 65.9 62.9 3.0 4.8% payment and €7.6m new deve
Slide 26: EPRA NRV and Earning Metrics June 2026
EPRA NRV AND EARNING METRICS 30 JUNE 2026 EPRA NRV to IFRS NAV per Share (€) IFRS Earnings to EPRA Earnings • The EPRA Net Reinstatement Value (“NRV”) reflects the estimated long-term value of a company’s net assets, on the basis Total Per Share that a company keeps its properties and doesn’t sell t
Slide 27: Financing Overview June 2026
FINANCING OVERVIEW 30 JUNE 2026 • 90.7% of total debt fixed/hedged (Dec 2025: 91.4%) representing average maturity of 3.5 years (Dec 2025: 3.9 years ) and the average hedged rate (under Euribor variable-fixed interest swaps) was unchanged at 1.93% on 30 June 2026. • In terms of financing activity in
Slide 28: Sustainable Development Update
SUSTAINABLE DEVELOPMENT UPDATE 2727 Globalworth @ Untold Festival Cluj-Napoca
Slide 29: Commitment to Highest Standards of Sustainable Development
COMMITMENT TO HIGHEST STANDARDS OF SUSTAINABLE DEVELOPMENT • Virtually our entire commercial portfolio is green certified Green Certifications of Standing Portfolio and Year of Last Refurbishment Acquisition of ESG-related certifications (30 Jun 2026) (€ GAV) 5 properties were recertified with BRE
Slide 30: Sustainable Development Update: People
SUSTAINABLE DEVELOPMENT UPDATE: PEOPLE Globalworth Foundation We view our role as increasingly responsible towards the people that work at and visit our properties, as well as towards the wider community of which we consider ourselves to be an integral part We own >1.0m sqm of high-quality real
Slide 31: Additional Information
ADDITIONAL INFORMATION 3030 Silesia Star, Katowice 30
Slide 32: Combined Standing Portfolio Snapshot by Location and Type (Jun 2026)
COMBINED STANDING PORTFOLIO SNAPSHOT BY LOCATION AND TYPE (JUN 2026) Number of Value Area Occupancy Rate Rent Contracted Headline Rent / Sqm or Unit Investments Properties GAV GLA by GLA Contracted WALL 100% Rent Office Commercial Industrial (#) (#) (€m) (k sqm) (%) Rent (€m) Years (€m) (€/sqm/m) (€
Slide 33: Portfolio Yield and Vacancy as of June 2026
PORTFOLIO YIELD AND VACANCY AS OF JUNE 2026 100% Rent Yield Globalworth Vacancy Rate - Sqm Poland Romania Portfolio Poland Romania Portfolio €m €m €m Available Standing Commercial GLA (k Combined Property Portfolio 1,408.4 1,223.5 2,631.9 (A) 114.9 25.1 140.0 sqm) Less: Residential -- (10.8) (10.8)
Slide 34: Disclaimer
DISCLAIMER This presentation is published solely for information purposes, and it may not be reproduced or redistributed or republished, in whole or in part, for any purpose by any person other than Globalworth Real Estate Investments Limited (the “Company”) . By accessing this presentation, you are
Slide 35: For more information, please see www.globalworth.com
For more information, please see www.globalworth.com 3434 34
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