Vib Vermoegen Ag · XETR:VIH1
Vib Vermoegen — VIB Vermögen — Investor Presentation (May 2024)
32 slides from Vib Vermoegen's investor presentation, May 17, 2024
Slide 1: VIB Part of Branicks
. V | B Part of Branicks
Slide 2: The Logistics Powerhouse
The Logistics Powerhouse Know-how in high-yield logistics & light industrial properties VIB Vermégen AG Acquisition of standing properties, A three-decade evolution to become a successful Portfolio In-house! developer, property asset holder optimisation € development and asset manager of logistics &
Slide 3: Strategic Orientation
Company Strategic Orientation Logistics & light industrial * Positioning as logistics & light industrial specialist within the corporate conglomerate of Branicks Group AG * Expansion of the logistics investments/ platform beyond Southern Germany * Leading investment house for logistics & light indus
Slide 4: Flexibility in Real Estate Procurement
Company Flexibility in Real Estate Procurement Growing the value of our real estate portfolio Transact = Standing-property acquisitions = Plot acquisitions Operate = Property management = Inventory optimisation Develop * Property pipeline SUSTAINABLE = In-house development BUSINESS = Redensification
Slide 5: Market
Market
Slide 6: Market Environment
Market Enviroment Fast-growing Logistics Market — Even in Economically Challenging Times Logistics Market Germany * Third-largest economic sector, with long years of steady growth rates (2023: +3.4%) 70,000 mostly mid-market companies with a combined workforce of 3.4 million Germany is Europe’s lead
Slide 7: Real Estate Portfolio
Real Est. te Portfolio —
Slide 8: Key Real Estate Performance Indicators
Real Estate Portfolio Key Real Estate Performance Indicators ViB sx Branicks Trend in annualised net rental income, vacancy rate and lettable area Breakdown of industry shares in the annualised net rental income of own properties own properties (as of 31/12/2023) 120 4286 Tm? 1288 Tm? 368 Tm? 2 99.6
Slide 9: Breakdown of Logistics & Light Industrial Portfolio
Breakdown of Logistics & Light Industrial Portfolio ViB sx. As of: 31/12/2023 Split of Logistics & Light Industrial sector Size bands of Logistics & Light Industrial sector Light . Industrial 26P oo eane 34% .000 sq . 12 properties . Net rental income > 25.000 sqm Net rental income EUR 68.0 million
Slide 10: Real Estate KPIs
Rea Portfolio Real Estate KPIs ViBzx. Net rentalincome by remaining lease term Large-scale lease signings/renewals in 2023 is rollover 8% Meitingen 15,600 sqm 415 years 1to 3 years 26% Ingolstadt, Steinheilstr. 11,900 sqm 10 years 3 to 5 years 21% Neufahrn 28,000 sqm 6 years 5 to 7 years 26% Wackers
Slide 11: Share of Top-10 Tenants in Total Net Rental Income
Real ate Portfolio Share of Top-10 Tenants in Total Net Rental Income ViB ez. As of: 31/12/2023 A Volkswagen AG Logistics / Light Industrial ~~) 2 Audi AG Logistics / Light Industrial 8.3% 2 3 Geis Industrie-Service GmbH Logistics / Light Industrial 7.1% 3 4 Rudolf-Gruppe Logistics / Light Industria
Slide 12: Project Development Pipeline
Real Estate Portfolio Project Development Pipeline @ Erding © Neuburg a.d. Donau | * ca. 79,000 sqm (total) Robert-Widmer-StraBe * ca. 64,000 sqm Light Industrial = ca. 5,000 sqm = ca. 15,000 sqm Office = Logistics © Ingolstadt | BunsenstraBe = ca. 16,000 sqm Logistics © GroBmehring | InterPark = ca
Slide 13: 107,000 sqm 79,000 sqm EUR 161 million
▪ 107,000 sqm 79,000 sqm EUR 161 million ▪ − − ▪ EUR 9.7 million 6.0% 2025 ▪ ▪
Slide 14: ESG
ESG
Slide 15: The Three Pillars of Our Sustainability Strategy
ESG The Three Pillars of Our Sustainability Strategy — in Sync and of Equal ; ViB xx Branicks Significance An Integrated Sustainability Strategy Profitable long-term corporate development dovetailed with VIB Sustainability Strategy nvironmental and social responsibility Economic factors as basis for
Slide 16: Environmental Sustainability within the VIB Group
ESG Environmental Sustainability within the VIB Group (*) y 7 systems, thermal insulation, LED lighting, e-mobility charging stations, etc. feasible) © Transparent reporting © Energetic optimisation upgrades: 1 \ 1 \ 1 ' : properties 1 ° ° i i = Modernisation of heating 1 ® Installation of PV system
Slide 17: Modern PV Systems Reduce Pollution and Help Ensure a Sustainable Use of Fossil Fuels
Modern PV Systems Reduce Pollution and Help Ensure a Sustainable ViB sx. Use of Fossil Fuels Installed photovoltaics capacity in VIB Group (in kWp) PV capacity newly installed in 2023: ~ 4,000 kWp _” > This means the total capacity of the VIB has increased almost aa a 30,000 fivefold compared to 202
Slide 18: Key Financial Figures
Slide 19: Key Financial Figures: Consolidated Income Statement (IFRS)
Key Financial Figures Consolidated Income Statement (IFRS) Gross rental income Earnings from operating and ancillary costs Expenses from operating and ancillary costs Other property-related expenses Net rentalincome Administrative expenses Personnel expenses Depreciation and amortisation Earnings fr
Slide 20: Key Financial Figures: Consolidated Income Statement (IFRS)
Key Financial Figures Consolidated Income Statement (IFRS) Earnings attributable to associated companies Interest income Interest expense Earnings from ordinary business activities Current income tax expense Deferred tax expense Consolidated netincome Share of earnings attributable to Group sharehol
Slide 21: Consolidated balance sheet as of 31/12/2023
Key Financial Figures Consolidated balance sheet as of 31/12/2023 in EUR Mio. Assets Equity and Liabilities m= Non-current m Equity assets = Non-current liabilities Current assets Current liabilities 462 59 Balance sheet total 1,901 1,901 cs Powerhouse Equity ratio: = 31/12/2023: = 31/12/2022: LTV:
Slide 22: Key Financials: 5-Year Development
Key Financial Figures Key Financials: 5-Year Development Gross rental income (in EUR million) Positive 5-year development of main KPIs! The Logistics Powerhouse +48% 72.6 : Company Presentation | FY 2023 22
Slide 23: EPRA Financial Reporting
Key Financial Figures EPRA Financial Reporting EPRA earnings EPRA earnings per share EPRA-NRV EPRA NRV per share EPRA-NDV EPRA NDV per share EPRA-NTA EPRA NTA per share EPRA vacancy rate TEUR EUR TEUR EUR TEUR EUR TEUR EUR % 58,273 1.76 1,568,889 47.46 1,345,418 40.70 1,344,895 40.69 24 587,257 2.03
Slide 24: Loan Debt after Expiry of the Fixed-Interest Period
Loan Debt after Expiry of the Fixed-Interest Period ViB sx. As of: 31/12/2023 600.000.000 4.13 % 500.000.000 400.000.000 300.000.000 200.000.000 5.55 % 1.61% 1.33 % 0.78 % 1.94% P| 1.67 % | 0.96 % 4100 % 0.95 % 41% 0 = ae! = = — te! variable 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 100.000.
Slide 25: 2024 Financial Year | Guidance
2024 Financial Year | Guidance 86.9 Gross rental income: EUR 72-78 millio FFO before taxes and minority interes Vacancy rate in the low single percentage V B Part of Branicks
Slide 26: Stock
Slide 27: VIB Stock
Real Estate Portfolio VIB Stock ViB xz. a Sector Real estate Securities indentification number (within Germany) A2YPDD ISIN DEOOOA2YPDDO Stock symbol VIHt Initional listing November 28, 2005 stock exchanges Miinchen: open market (m:access) Frankfurt: open market / XETRA Share type No-par-value regis
Slide 28: VIB Stock: Share price development vs DAX, SDAX & EPRA
Real Estate Portfolio VIB Stock ViB xz. Share price development in comparison with DAX, SDAX & EPRA (1/1/2023 — 25/4/2024) 120 80 60 40 20 0 31.12.2022 31.12.2023 —EPRA Deutschland ——=VIB ——=SDAX DAX The Logistics Powerhouse Company Pre:
Slide 29: Annex
Slide 30: Consolidated balance sheet: Assets
Assets V Consolidated balance sheet as of 31 December 2023 NON-CURRENT ASSETS Investment properties Property, plant and equipment Interests in associated companies Lending to related companies Intangible assets Total NON-CURRENT ASSETS CURRENT ASSETS Trade receivables Receivables from related partie
Slide 31: Equity and Liabilities
Equity and Liabilities ViB rani EQUITY Issued capital 33,055 33,055 Share premium 299,307 299,307 Revenue reserves 104,150 104,150 Retained earnings 406,633, 277,056 Cash Flow Hedgereserve 1029 ° Equity attributable to shareholders of the parent company 866,473 713,566 Non-controlling interest 32,54
Slide 32: ViBsxs
,; ViBsxs Branicks ito buy or subscribeto any securities. In case of an offer of securities the information legally required to be provided to investors will ompetent authority. The information contained herein is not for distribution, directly or indirectly, in or into the United States of America