Immobiliare Grande Distribuzione Siiq S.p.a. · MIL:IGD
Immobiliare Grande Distribuzione Siiq — IGD SIIQ — Non-Deal Roadshow (September 2024)
83 slides from Immobiliare Grande Distribuzione Siiq's roadshow presentation, September 2024
Slide 1: Road Show Presentation September 2024
Road Show Presentation September 2024
Slide 2: Disclaimer
Disclaimer IGD This presentation does not constitute an offer or an These statements include financial projections and invitation to subscribe for or purchase any securities. estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future op
Slide 3: Index
Index 1 IGD at a glance Pag. 4 2 Results Pag. 15 3 Guide lines Business Plan 2025-2027 Pag. 33 4 ESG Strategy at-a-glance Pag. 63 5 Appendix Pag. 68 3
Slide 4: IGD at a glance
1 IGD at a glance
Slide 5: Who is IGD?
Who is IGD? SIIQ #1 in Italy We develop, manage and enhance our retail assets with a strategic, sustainable and long-term approach to maintain their high value. With the same attention and expertise we manage third- party portfolios 5
Slide 6: Our current priorities
Our current priorities Increase the core business profitability The priorities underlying the new 2025-2027 Business plan that we will disclose by the end Enhance our Generate financial maturities additional value of 2024 profile and match it through the more consistently «Services for with cash flo
Slide 7: An overview of the Group
An overview of the Group PORTFOLIO N. OF ASSETS 95.0%* EPRA NRV €8.92/share MARKET VALUE €1.7 mld FULLY OWNED 56 FINANCIAL OCCUPANCY EPRA NIY 6.3% Italy + Romania 95,5% topped up Italy Market value breakdown Winmarkt Development 7,1% & Other** (14 shopping 2,4% malls) Hypermarkets 11,1% (8 hyper) Ma
Slide 8: The Group structure
The Group structure 99.9% 100% 0.1% Italian Facility Management and Romania Living properties and sport facilities (1 asset c. 3.55€mn) Equity Investements Holding 99.9% 100% Romania Mixed-use project in Livorno (to be developed, see slide 57) 8
Slide 9: The equity structure
The equity structure Number of shares: Listed on the Italian Stock IGD share is included in 110,341,903 Exchange in the STAR 94 indexes segment Current market cap Average daily trading YTD Net equity (at 6th Sept) 01/01 - 31/08 1.0 € bn c. 275 € mn 340,429 shares Majority of institutional investors,
Slide 10: IGD share performance year-to-date
IGD share performance year-to-date IGD share price since 2nd January 2024* 1st Aug – 27th Feb - PR FY23 Results: PR 1H24 Results No dividend distribution FFO2024 guidance 4th Jul – 6th SEP €2,495 2nd JAN PR New BP Guidelines €2.345 7th May - PR 1Q24 Results +77.5.% 18th April - AGM: New BoD -40% MIN
Slide 11: April 2024: New BoD and new Chairman and CEO
April 2024: New BoD and new Chairman and CEO IGD’s governance has been in line with the criteria of the Self Regulatory Code of the Italian Stock Exchange since it was listed. An internal Corporate Governance Code has been in use since 2008. CHIEF EXECUTIVE OFFICER and GENERAL MANAGER EXECUTIVE Robe
Slide 12: Awards, ratings and certifications obtained
Awards, ratings and certifications obtained Awards «Le aziende più attente «Europe’s climate «Leader della 6° year 9° year al clima 2024» leaders2024» Sos"tenibilità 2024» in a row in a row (Corriere della Sera e Statista) (Financial Times e Statista) (Sole 24 Ore Statista) ESG Rating Rating ESG Rat
Slide 13: Sustainability fully integrated in our actions
Sustainability fully integrated in our actions Reduce the Portfolio carbon footprint Develope skills, promote inclusion and wellbeing of employees and ensure safety of shopping center visitors Accelerate integration of sustainability into internal processes Enhance shopping centers as sustainable, a
Slide 14: Increasingly green portfolio
Increasingly green portfolo SHOPPING MALLS % MV ITALIAN MALLS CERTIFIED CERTIFIED 10 63% Benefits to the N. PLANTS Peak power ENERGY PRODUCED OUT OF community ITALY+ROMANIA in terms of Mwp TOTAL CONSUMED GHG 12 3,100 5.7% emission reductions and on expenses charged to tenants N. CHARGING N. SHOPPING
Slide 15: 1H24 Results
2 1H24 Results
Slide 16: Financial Highlights 1H2024
Financial Highlights 1H2024 FY23 1H24 Δ vs Δ vs Like for (€mn) (€mn) 1H23 1H23R* like** Net Rental Income 119.6 59.0 -0.1% +4.5% +4.5% Core business Ebitda 108.2 53.9 +0.1% +5.0% Financial Management 48.7 36.9 +92.0% Funds From Operation (FFO) 55.4 18.3 -40.7% -35.6% Epra NRV 9.22€ 8.92€ -3.2% per s
Slide 17: Operating Highlights 2Q24 vs 1Q24
Operating Highlights 2Q24 vs 1Q24 ITALY ROMANIA 2Q 1Q 2Q 1Q 1H24 +6.54% 1H24 UPSIDE +3.6% -3.5% +0.36% -0.6% +4.94% WALB* (years) • Malls 1.82 1.78 2,2 2,1 • Hypermarkets 12.22 11.77 FINANCIAL OCCUPANCY (%) • Malls + Hypermarkets 94.96 94.76 +20 bps 95.52 95.45 +7 bps • Malls 94.38 94.16 +22 bps *We
Slide 18: First half shopping centers operating performances
First half shopping centers 1 4 5 operating performances* MALLS IGD’S HYPERMARKETS +0.4% CNCC-EY FOOTFALLS -2.6% 2024 vs 2023 +1.2% -0.5% CNCC-EY TENANT SALES 2024 vs 2023 -0.9% Footfalls Tenant sales Sales 1H COLLECTION RATE 95.7% ITALIAN PORTFOLIO 1H COLLECTION RATE 96% ROMANIAN PORTFOLIO * Figure
Slide 19: Property valuations have stabilised
Property valuations have stabilised Δ % 2024 vs FY 2023 Net Exit EPRA Net Initial EPRA Net Initial FY 2023 IH 2024 2023 pro- pro-forma Yield Yield Yield topped up forma Malls Italy 1,404.8 1,351.6 1,347.4 (-0.31%) 7.2% 6.1% 6.3% Hypermarkets Italy 399.8 190.6 189.0 (-0.83%) 6.2% Romania 122.0 122.0
Slide 20: Epra NAV indicators
Epra NAV indicators € per share 1H 2024 FY 2023 Δ% NRV 8.92 9.22 -3.2% NTA 8.85 9.15 -3.2% NDV 8.76 9.00 -2.7% Some figures may not add up due to rounding 20
Slide 21: Current investment pipeline 2022-2024, being completed
Current investment pipeline 2022-2024, being completed • The Business Plan investment pipeline amounts to approx. 80€mn (slightly lower than the 82€mn initially expected) • No further development projects post 2024 20€mn c.80€mn 11€mn ~18 25€mn 9€mn ~30 35€mn Of which c. 7€mn carried Porta a Mare Pr
Slide 22: The restyling in Centro Leonardo continues
The restyling in Centro Leonardo continues COMPLETE RESTYLING: Mall: • New layout of common areas • Relamping with LED lighting system Estimated end of work: 2Q 2024 Exterior: • New entrances • Green areas • LED lighting system Estimated end of work: end 2025 22
Slide 23: The decarbonization process continues
1 4 The decarbonization process continues La Favorita Shopping Center – MN New photovoltaic system installed to cover Katanè, Catania parking slots, operational from September La Favorita, Mantova ESP, Ravenna N. PLANTS PEAK POWER Mwp ITALY+ROMANIA* 12 3,100 Braila, Romania *in 11 shopping centers 2
Slide 24: National Collective Labour Agreement renewed
An agreement has been reached to renew 2 5 the National Collective Labour Agreement The renewal of the National Collective Labour Agremeent (expired in 2019) was signed at the end of March 2024 after a long negotiation led by Coop Alleanza 3.0, IGD’s majority shareholder. Despite an increase in pers
Slide 25: Net rental Income (€mn)
Net rental Income (€mn) Change vs 23R +2.6€mn Of which +4.5% • -3.2 €mn change in revenue; • +0.6 €mn direct costs of the sold portfolio. Change vs 23 -0.1% Like for like (+1.3 €mn +2.1%): Margin on Change % LFL • Malls (+1.1€mn; +2.3%) €mn 2024 revenues NRI • Hypermarkets (+0.2€mn; +3.8%) NRI Italy
Slide 26: Core business Ebitda and Ebitda margin
Core business Ebitda and Ebitda margin Change vs 23R +2.7€mn +5.3% Change in net rental income due to Change vs 23 the sold portfolio +0.1€mn +0.1% EBITDA 2023 2024 73.9% MARGIN 72.8% 73.6% 69.1% Core business EBITDA * 2023 2023 MARGIN 75.1% 75.8% freehold *related to rental income Some figures may
Slide 27: Financial Management
Financial Management 6,4 IFRS16 and non recurring charges 1,3 Financial Management Adj * : 30,5 + 12.6mn vs 2023 (+70.1%) 17,9 * Financial management adj: net of IFRS16, IFRS9, non recurring charges (including quota of the over the par redemption of bonds) Some figures may not add up due to rounding
Slide 28: FFO
FFO Change vs 23R Increase in financial -10.1€mn Of which: management adj. It excludes +2.6 €mn change in core business -35.6% IFRS 16, non recurring charges Ebitda excluding the disposal; and quota of the over the par Change in Ebitda of the -0.1 €mn increase in payable leases; redemption portfolio
Slide 29: Group net result
Group net result Of which: +61.5 €mn lower Of which: impairment and fair value -17.7€mn change adjustments; in financial Change vs -0.1 €mn change in management; 2023 amortization and provisions -29.1€mn «Food» -30.8% impact. Some figures may not add up due to rounding 29
Slide 30: Financial structure…
Financial structure… NET DEBT FY2023 NET DEBT 2024 € 968.4 mn € 818.1 mn Long term financial instruments Long term 974.47 financial instruments 812.83 Short term financial instruments 12.37 Cash -6.07 Cash -7.1 48.1% Loan to Value 44.9% 3.86% Average cost of debt 6.05% 2.4X Interest Cover Ratio* 1.7
Slide 31: …and debt maturity profile
…and debt maturity profile 1 5 Consultations with banks/investors are in process to reshape the maturities profile Ratings 294 • Fitch: BBB- (Stable) 11/2023 • S&P: BB (Stable) 05/2024 220* 4 14 12 142 8 58 6 32 20 2024 2025 2026 2027 >2027 Secured bank debt Unsecured bank debt Bond * Includes €215
Slide 32: 2024 FFO Guidance
2024 FFO Guidance In view of the operating and financial results achieved in the first half of 2024, and assuming no significant adverse changes will affect the global macroeconomic context, the Company confirms the FFO guidance disclosed to the market on 27 February 2024 2024 Funds From Operations
Slide 33: Guide lines Business Plan 2025-2027
3 Guide lines Business Plan 2025-2027
Slide 34: A new value proposition for IGD
A new value proposition for IGD IGD aims to expand and enrich the landlord-tenant relationship with a view to innovation, going beyond the mere contractual approach of space renting. IGD is going to offer a true «Shopping Center Ecosystem» Physical retail spaces High Partnerships/ value-added collab
Slide 35: The «Shopping Center Ecosystem»
The «Shopping Center Ecosystem» 1 2 3 4 IGD no longer positions itself as just a landlord, but as a partner that offers a complete ecosystem, with a diverse range of opportunities for tenants to improve their revenues, thereby achieving a common goal 35
Slide 36: Digitalization and innovation at the service of visitors and tenants (1/2)
Digitalization and innovation at the service of visitors and tenants (1/2) 4 5 Increase the attractiveness of the Shopping Centers by better understanding visitors, thanks to data collected in the Customer Relationship Management system by means of various «touch points» Increasing customer knowledg
Slide 37: Digitalization and innovation at the service of visitors and tenants (2/2)
Digitalization and innovation at the service of visitors and tenants (2/2) 4 5 TOUCH POINTS EVOLUTION OVER TIME 2020-2023 2024 2025 onwards • SC websites Mobile App Introduction of experiences • Digital totems Project launched in 7 Shopping based on the use of artificial • Info pads Centers, to be e
Slide 38: Focus on IGD mobile App for visitors
Focus on IGD mobile App for visitors 4 5 2 June ‘24 22 June ‘24 15 July ‘24 WHAT? A customer engagement and loyalty tool, 18 July ‘24 allowing visitors to, among other things, win prizes in relation to their visits and purchases at the shopping centers 22 July ‘24 IGD’S TARGET: Increase visitor insi
Slide 39: Focus on tenants opportunities
Focus on tenants opportunities 4 5 The Partner Project, launched in 2023, aims to increase partnership opportunites with tenants within the shopping malls using a mix of online and offline tools OFFLINE TOOLS: ONLINE TOOLS: Co-marketing Mobile APP activities • Contractualization of partnerships with
Slide 40: CRM Mobile APP
First results CRM c. 230,000 Mail+phone contacts c. 14,400 Downloads Mobile APP 93% Data refers to 6 Shopping Centers. Conversion rate* First app launched in June 2024 Tenants 116 posting Among all Apps *% of users who actively use the apps 40
Slide 41: Proven ability to attract anchor tenants…
Proven ability to attract anchor tenants… 1 4 5 Our recognized management expertise combined with high quality shopping centers allow us to intercept anchor tenants which increase attractiveness of the asset they enter into 41
Slide 42: …in the context of a 360degrees offer
…in the context of a 360degrees offer 1 4 5 Not only goods, but experiences, services, entertainment, restaurants and more 42
Slide 43: Some of the latest new openings…
1 4 5 Some of the latest new openings… From September 6th Notorious Cinemas arrives in Ferrara (Nuova Darsena) The multiplex cinema (10 screens) will undergo a complete restyling in July and August, in order to re-open in September 2024 43
Slide 44: … including anchor tenants in Officine Storiche
1 4 5 … including 2 anchor tenants in Officine Storiche 28th July: opening 1° store in IGD’s shopping centers 3rd September: opening 1° store in IGD’s shopping centers 44
Slide 45: New landlord-tenant relationship: targets
New landlord-tenant relationship: targets 1 Increase the portfolio profitability 2 Extend WALB* duration * Weighted Average Lease Break: 45
Slide 46: Malls occupancy
Malls occupancy 1 5 INCREASE OCCUPANCY OF SHOPPING MALLS IN ITALY and ROMANIA By adopting a specific approach, consistent with the assets’ different characteristics, which therefore require different interventions Situation at Potential target 31 March 2024 over BP timespan ITALY ITALY 94.2 % ROMANI
Slide 47: Malls occupancy: Focus on Italian portfolio
Malls occupancy 1 5 Focus on Italian portfolio % Malls Asset by asset specific approach Market based on size, positioning and Value catchment area aimed at: Maintaining the occupancy 9 «Key» Assets level while maximing the 62% Occupancy between 97%/99% N.O.I. (Net Operating Income) 11 Assets Re-alig
Slide 48: Strengthening the relationship with tenants
Strenghtening the relationship with tenants 1 3 5 The new role of IGD as a partner who provides an «ecosystem» and builds longlasting relation with tenants: greater trust and mutual value creation IGD become the go-to partner for both tenants and the market WALB* Potential target Situation at over B
Slide 49: «Services for Third Parties» Business Unit: targets
«Services for Third Parties» Business Unit: targets 1 Increase revenues from services for third parties; a low capital intensity activity that offers good margins and on which IGD has a well-established experience 2 Position itself as a reference point for both asset management and other high value-
Slide 50: Services for Third Parties Business Unit: current IGD activity
Services for Third Parties Business Unit: current IGD activity 1 2 3 4 5 For over 20 years IGD has been managing shopping centers in Italy both directly owned and owned by third parties; this has allowed the Company to acquire a unique know-how in asset, property and facility management activities a
Slide 51: «Services for Third Parties» Business Unit: our know-how
«Services for Third Parties» Business Unit: our know-how 1 2 3 4 5 IGD offers ASSET MANAGEMENT services with the vision of a property company that aims to maintain assets as functional and flexible as possible in order to preserve their value over time and extend their life cycle. IGD strenght is ha
Slide 52: Investments and capex: targets
Investments and capex: targets 1 Maintain a modern and appealing portfolio - for both visitors and tenants - in order to reach commercial targets 2 Support the transformation of shopping centers into innovative ecosystems, including through invesments in technology and digital 3 Reduce the Portfolio
Slide 53: 2025-2027 Investment Pipeline
2025-2027 Investment Pipeline 1 2 4 Asset by asset approach envisaging possible changes in the planned interventions also based on the results achieved Total cash-out will be lower than the one budgeted in the 2022-2024 Plan 53
Slide 54: Value add: enhance the portfolio by developing opportunities to increase NOI (1/2)
1 2 5 Value add: enhance the portfolio by developing opportunities to increase NOI (1/2) The «value add» studies and proposes how to enhance vacancies or critical situations Still vacant Warehouses for tenants/click & collect Area resulting from the reduction of the hypermarket Le Maioliche Shopping
Slide 55: Value add: enhance the portfolio by developing opportunities to increase NOI (2/2)
1 2 5 Value add: enhance the portfolio by developing opportunities to increase NOI (2/2) Fonti del Corallo Shopping Center Area resulting from the reduction of the hypermarket Accessibility: both internally from shopping center mall as from Mezzanine floor external staircase to ensure different poss
Slide 56: Disposals/Asset Rotation: targets
Disposals/Asset Rotation: targets Disposals for approx. 100-120€ 1 mn aimed at reducing debt Targets already identified in the 2022- 2024 Business Plan (i.e. Romanian portfolio and 3 sub-areas Porta a Mare) 2 Asset Rotation in order to avoid further reduction of the Company size and its ability to g
Slide 57: Disposals – Focus on Romania
Disposals – Focus on Romania Extended network: Adaptable and flexible Strategic location Direct management 13 cities assets in the city center Buzau Centro città Winmarkt SC Ploiesti City Center Winmarkt SCs 57
Slide 58: Disposals – Focus on Romania
Disposals – Focus on Romania New disposal strategy based on a Portfolio segmentation TARGETS % Romania Institutional Domestic Family office/ Market Value investors institutional Private investors investors 1 Premium asset (Ploiesti MV - 40€ mn) 32.9% 6 Medium-size assets 42.3% (Unitary MV: 7-12€ mn)
Slide 59: Disposals – Focus on Porta a Mare, Livorno
Disposals – Focus on Porta a Mare, Livorno OBJECT Sale completion: • 11 apartments (of which 4 which sale is underway); 104 already sold • 3 mixed-use sections still to D be developed (Molo Mediceo, Lips and Arsenale which have mixed residential, tourist-hotel, services and nautica-related business
Slide 60: Financial strategy: targets
Financial strategy: targets 1 Early refinancing next maturities (mainly in 2027) 2 Repayments better spread out over time as well as more consistent with the expected cash flows 60
Slide 61: Financial Strategy working agenda
Financial Strategy working agenda 1 5 Debt maturity at 30/06/2024 572.5€ mn Consultations with banks/investors have already started to reshape our financial maturities profile How to achieve the goal Leverage on characteristics of Possibility to rely on a large traditional banking portfolio of unenc
Slide 62: Final remarks
Final remarks FOCUS ON: Increase the profitability of the portfolio and the «Services for Third Parties» Business Unit Invest to maintain the assets attractive, ESG compliant and a reference point for both tenants Create the conditions and visitors to become one of the leading active players in the
Slide 63: ESG Strategy at-a-glance
4 ESG Strategy at-a-glance
Slide 64: 2022-2024 Sustainability Plan: ambitions toward 2030
2022-2024 Sustainability Plan 41 targets at 2024: 22 ambitions toward 2030 • Material for IGD STRATEGY • Consistent with UN SDG’s IGD RELEVANT SDG’S 64
Slide 65: Progress on sustainability targets in line with 2022-2024 BP
Progress on sustainability targets in line with 2022-2024 BP* 77.8% ACHIEVEMENT LEVEL OF SUSTAINABILITY TARGETS AT 1H2024 • The path defined in the 2022-2024 Business Plan is confirmed * https://www.gruppoigd.it/en/sustainability/our-sustainability-strategy/sustainability-targets/ 65
Slide 66: Sustainability: latest news
Sustainability: latest news € 3.9 mn invested in Launched «Progetto Integration of CSR Opened Officine Green secured loan 2023 in improving People» risks within the ERM Storiche in Livorno obtained energy efficiency in started and the Portogrande Italy and Romania 100% employees restyling with Non-p
Slide 67: Actions underway to reduce the portfolio environmental footprint
Sustainability: the actions underway to reduce the portfolio environmental footprint Energy purchased from renewable • 13 photovoltaic systems (ITA+ROM) in 12 sources for 94% of the total shopping centers, with overall power equal to electricity consumed in Italy 2.9 MWp (6.3% produced energyout of
Slide 68: Appendix
5 Appendix
Slide 69: Consolidated Financial Statements as at 30/06/24
Consolidated Financial Statements as at 30/06/24 (a) (b) Δ GROUP CONSOLIDATED 1H 2023 1H 2024 (b)/(a) Revenues from freehold rental activities 65.6 64.4 -1.7% Revenues from leasehold rental activities 4.5 4.8 5.6% Total income from rental activities 70.1 69.1 -1.4% Rents and payable leases 0.0 0.0 n
Slide 70: Re-classified balance sheet as at 30/06/2024
Re-classified balance sheet as at 30/06/2024 Sources - Uses of funds (€/000) 6/30/2024 12/31/2023 Δ Δ% Fixed assets 1,684,925 1,959,053 -274,128 -14.0% Assets under construction 2,200 2,364 -164 -6.9% Other non current assets 122,780 42,861 79,919 186.5% Other non current liabilities -20,266 -26,835
Slide 71: Funds From Operations (FFO) as at 30/06/24
Funds From Operations (FFO) as at 30/06/24 Δ% Funds from Operations 1H 2023 1H 2024 Δ 2023 vs 2023 Core business EBITDA 53.8 53.9 0.1 0.2% IFRS16 Adjustments (Payable leases) -4.4 -4.5 -0.1 2.8% Financial management adj.* -17.9 -30.5 -12.6 70.1% Current taxes for the period -0.6 -0.6 0.0 0.9% FFO 30
Slide 72: Other EPRA Metrics as at 30/6/24
Other EPRA Metrics as at 30/6/24 EPRA Performance Measure 6/30/2024 12/31/2023 EPRA NRV (€'000) 983,943 1,016,875 EPRA NRV per share € 8.92 € 9.22 EPRA NTA 976,452 1,009,216 EPRA NTA per share € 8.85 € 9.15 EPRA NDV 966,738 993,138 EPRA NDV per share € 8.76 € 9.00 EPRA Net Initial Yield (NIY) 6.1% 6
Slide 73: EPRA Net Asset Value as at 30/06/24
EPRA Net Asset Value as at 30/06/24 6/30/2024 12/31/2023 Net Asset Value EPRA NRV EPRA NTA EPRA NDV EPRA NRV EPRA NTA EPRA NDV IFRS Equity attributable to shareholders 970,082 970,082 970,082 1,000,533 1,000,533 1,000,533 Exclude: v) Deferred tax in relation to fair value gains of IP 15,754 15,754 1
Slide 74: More financial highlights and debt breakdown
More financial highlights and debt breakdown 31/12/2023 30/06/2024 Debt breakdown* Gearing ratio 0.97X 0.84X Average lenght of long term debt 3,7 years 3.1 years Hedging on long term debt + bond 73.8% 77.3% Share of M/L debt 96.8% 94.0% Uncommitted credit lines granted 101.6€mn 101.6€ mn Uncommitted
Slide 75: 1H2024 Key tenants in Italy and…
1H2024 Key tenants in Italy and… Annualized Malls Tenants TOP 10 Contracts rent impact 1 83,64% 18 2 12,08% 4 3 3,67% 2 4 0,61% 1 1 1 2 3 4 5 6 7 8 9 0 M a l l s T e n T a o t n t a l s T O P 1 0 a e n b e j t f l b c c c c c c i e e P o l l l l l e a r r g c t o l o o o o o t w i t o t t t t t t e
Slide 76: .. Romania
.. Romania Merchandise Turnover MERCHANDISING MIX AND TOP 10 Tenant Contracts category impact TENANT MIX supermarket 11.7% 11 clothing 5.5% 5 clothing 4.5% 11 clothing 3.6% 7 drugstore 2.5% 5 entertainement 2.3% 5 pharmacy 2.3% 4 office 2.1% 1 jewellery 1.9% 1 restaurant 1.4% 4 Total 37.8% 54 76
Slide 77: Contracts in Italy and Romania 1H 2024
Contracts in Italy and Romania 1H 2024 Total contracts: 1,333 of which 51 renewals with the same tenant and 52 signed with a new tenant MALLS HYPER / SUPERMARKETS Total contracts: 8 Total contracts: 583 of which 108 ROMANIA renwals with the same tenant and 6 signed with a new tenant 77
Slide 78: A new iconic destination inaugurated in Livorno
A new iconic destination for shopping and entertainment inaugurated in Livorno OFFICINE STORICHE LIVORNO >16,000 m2 GLA 11 restaurants 1 fitness center 1 entertainment area Officine Storiche entrance 16 shops Opened on Overview of the Porta a Mare area 3rd of September 78
Slide 79: ESG Capex: Energy efficiency improvements
ESG Capex: Energy efficiency improvements 7 Photovoltaic systems to be added to the 8 already existing 79
Slide 80: Italian Portfolio composition
Italian Portfolio composition* 25 shopping malls 8 hypermarkets Tenants of hypermarkets CENTRO D'ABRUZZO - Pescara CENTRO D'ABRUZZO - Pescara Coop Alleanza 3.0 ESP - Ravenna ESP - Ravenna Coop Alleanza 3.0 LE MAIOLICHE - Faenza LE MAIOLICHE - Faenza Coop Alleanza 3.0 Full ownership LUNGO SAVIO - Ces
Slide 81: Winmarkt Portfolio
Winmarkt Portfolio 2022-2024 Plan Main characteristics Highlights Extended network Approx. €5mn capex plan (safety, maintenance and environmental) Strategic locations Approx. €19.4mn of generated FFO Adaptable and flexible Approx. € 13.5mn assets of generated dividends Direct 100% self-financed mana
Slide 82: Agenda: IR and corporate events
Agenda IR CORPORATE (confirmed as of today) NOV Results as at OCT 2024 Italian Excellences 07 30/09/2024 09 Mid Corporate Conference ISP - Paris NOV BNP Paribas Exane MidCap CEO Conference 2024 - 19 Paris 82
Slide 83: Investor Relations contacts
Raffaele Nardi, Director of Planning, Control, Investor Relations and Sustainability T. +39. 051 509231 Raffaele.nardi@gruppoigd.it Claudia Contarini, IR T. +39. 051 509213 claudia.contarini@gruppoigd.it Elisa Zanicheli, IR Team T. +39. 051 509242 elisa.zanicheli@gruppoigd.it Federica Pivetti, IR Te