Slide 1: Investor Presentation November 2023
INVESTOR PRESENTATION November 2023
Slide 2: Agenda and Team
AGENDA AND TEAM 1 2 3Q 2023 Executive Summary MLP at a glance 3 14 3 3Q 2023 leasing results 36 4 Yields 48 5 Financial activity in 3Q 2023 50 6 Sustainable development 63 7 ESG strategy 66 Radosław T. Krochta Monika Dobosz 8 Appendix 69 Chief Executive Officer Chief Financial Officer Investor prese
Slide 3: 1. 3Q 2023 Executive Summary
1. 3Q 2023 EXECUTIVE SUMMARY 3
Slide 4: Macro key take aways – characteristics of the markets
1. 3Q 2023 EXECUTIVE SUMMARY Macro key take aways – characteristics of the markets 1 Germany and Poland are super resilient economies. 2 Manufacturing, value added (% of GDP) in Germany was reported at 18.45 % in 2022 (in 2023 19.08% expected). Four sectors dominate German industry: the mechanical e
Slide 5: Micro outlook
1. 3Q 2023 EXECUTIVE SUMMARY Micro outlook 1 Leasing take-up pipeline 25% lower vs supply 50% lower across all major European markets. 2 Low vacancy rate 4% across all major European markets and limited land availability continue to drive rental growth across Europe (pricing and leasing opportunity
Slide 6: Generic development of logistic assets without acquisitions
1. 3Q 2023 EXECUTIVE SUMMARY Generic development of logistic assets without acquistions DEVELOPED SPACE, UNDER CONSTRUCTION & IN PREPARATION STAGE (sqm) 1200000 1 247 366 1000000 1 105 595 999 847 800000 857 068 750 834 600000 611 578 400000 512 310 392 241 400 974 356 874 335 477 200000 0 2013 2014
Slide 7: Main highlights in PLN
1. 3Q 2023 EXECUTIVE SUMMARY Main highlights in PLN 4.6 bn PLN 2.509 bn PLN 104.6 PLN 26.3 mln PLN +4% vs. YE 2022 +0.5% vs. YE 2022 +0.5 % vs. YE 2022 Value of investment NAV NAV per share Net profit properties 136.1 mn PLN 73.2 mn PLN 175k sqm 85% +34% vs. 3Q 2022 +15% vs. 3Q2022 Already signed of
Slide 8: Main highlights in EUR
1. 3Q 2023 EXECUTIVE SUMMARY Main highlights in EUR 992.7 mn EUR 541.3 mn EUR 22.6 EUR 5.7 mln EUR +5% vs. YE 2022 +2% vs. YE 2022 +2% vs. YE 2022 Value of investment NAV NAV per share Net profit properties 29.7 mn EUR 16.0 mn EUR 175k sqm 85% +38% vs. 3Q 2022 +18% vs. 3Q 2022 Already signed of our
Slide 9: Key points in 3Q 2023 – Gross Asset Value
1. 3Q 2023 EXECUTIVE SUMMARY Key points in 3Q 2023 GROSS ASSET VALUE (in EUR MN)* 984 936 EUR: 4,6356 EUR: 4,6899 729 EUR: 4,5994 497 419 334 EUR: 4,6148 EUR: 4,2585 EUR: 4,3000 2018 2019 2020 2021 2022 3Q 2023 *Gross Asset Value without Perpetual Usufruct PLN/EUR strengthening had the greatest impa
Slide 10: Gross Asset Value by asset type
1. 3Q 2023 EXECUTIVE SUMMARY Gross Asset Value by asset type GROSS ASSET VALUE BY ASSET TYPE: • Low participation of non yielding assets, i.e. 13% (9% plots and 4% construction) • The majority of assets under construction are covered as at 30.09.2023 with the prelease contracts. 9% 4% 87% EXISTING S
Slide 11: Key points in 3Q 2023 – Net Asset Value
1. 3Q 2023 EXECUTIVE SUMMARY Key points in 3Q 2023 NET ASSET VALUE (IN MN PLN) 2 498 2 509 1 825 1 212 939 815 647 676 727 509 558 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 3Q 2023 NET ASSET VALUE (IN MN EUR) 533 541 397 263 220 174 190 152 153 123 131 2013 2014 2015 2016 2017 2018 2019 2020
Slide 12: Key challenges for 4Q 2023 and 1H 2024
1. 3Q 2023 EXECUTIVE SUMMARY Key challenges for 4Q 2023 and 1H 2024 DEPLOYING ACQUIRED PLOTS START CITY LOGISTIC PROJECTS MLP Wrocław West (2nd stage) IN 4Q 2023: Building permit for the buildings expected 1Q/Q2 2024 and subsequent possible start of construction 2Q/Q3 2024. MLP Business Park Poznań
Slide 13: New plots acquisition
1. 1H 2023 EXECUTIVE SUMMARY New plots acquisition 8.4 ha 6.4 ha MLP Berlin Poland MLP Poznań West Spreenhagen Berlin (extension) Poznań approx. 40,000 sqm approx. 30,000 sqm Łódź Germany Bieruń 11.6 ha 10.4 ha MLP Łódź MLP Bieruń approx. 30,000 sqm approx. 60,000 sqm Austria Romania Investor presen
Slide 14: 2. MLP Group at a Glance
2. MLP GROUP AT A GLANCE
Slide 15: Leading Integrated European Logistics Property Platform
2. MLP GROUP AT A GLANCE Leading Integrated European Logistics Property Platform PREMIUM CLASS-A ASSET BASE 1 MLP Group is powerful vertically-integrated business model with full range of in-house capabilities, from property development to management. 2 Very experienced team – each senior team membe
Slide 16: Vertical integration
2. MLP GROUP AT A GLANCE Vertical integration OWN PROPERTY LOCATION SEARCH DESIGN & PERMIT CONSTRUCTION FIT-OUT MLPG ENERGY MANAGEMENT MLPG provides an MLPG applies and obtains Each time before the After construction of the After move-in, MLPG park MLPG is energy overview of potential all required p
Slide 17: Two property types
2. MLP GROUP AT A GLANCE Two property types BIG BOX (i.e. large-scale) warehouses, primarily addressing City Logistics (MLP Business Parks) are operating as MLP e-commerce growth and increased demand from light Business Parks and offering small warehouse units (ranging industry customers, driven by
Slide 18: Premium Class-A Asset Base
2. MLP GROUP AT A GLANCE Premium CLASS-A Asset Base Clear height of warehouse space: 10 m or 11.5 m Gas heaters above ESFR sprinkler docks installation LED Lighting 300 lux Skylights 3% of roof area Clear height Fire load above –10/11,5 m 4 000 MJ/sqm Hörmann / Novoferm gates 6 T/sqm Column grid of
Slide 19: Premium Class-A Asset Base
2. MLP GROUP AT A GLANCE Premium CLASS-A Asset Base Buildings with High standard daylight access offices on three sides Glass façade Air conditioning Ample parking places for trucks and personal cars. Investor presentation November 2023 19 MLP GROUP 1Q 2023 RESULTS
Slide 20: Exemplary construction costs vs. capital value upon completion
2. MLP GROUP AT A GLANCE Exemplary construction costs vs. capital value upon completion in Poland, Germany, Austria EXEMPLARY CONSTRUCTION COSTS VS. CAPITAL VALUE PER BUILDINGS’ IN SQM POLAND GERMANY & AUSTRIA 1 450 EUR 650 EUR 800 EUR 450 EUR 350 EUR 150 EUR Total cost Capital Value Total cost Capi
Slide 21: MLP Group is active in European countries
2. MLP GROUP AT A GLANCE MLP Group is active in 4 European countries 1.07 mn sqm GLA 1.79 mn Gorzów Wielkopolski Poland Berlin Poznań Pruszków Unna Germany Zgorzelec Łódź Teresin sqm landbank Gelsenkirchen Lublin Wrocław Niederrhein Idstein Czeladź Gliwice 4.67 MWp Installed PV Vienna Austria Romani
Slide 22: Key points in 3Q 2023
2. MLP GROUP AT A GLANCE Key points in 3Q 2023 1,070 MN SQM UNDER MANAGEMENT – PIVOTING INTO ASSETS MANAGER GVA BREAK-DOWN OF YIELDING INSTALLED ASSETS/NON-YIELDING => 87%/13% PV 4.67 MWP (9% PLOTS AND 4% CONSTRUCTION) (DEPLOYED 6.46 MWP) Investor presentation November 2023 22
Slide 23: Key points in 3Q 2023 in PLN
2. MLP GROUP AT A GLANCE Key points in 3Q 2023 in PLN FINANCIAL HIGHLIGHTS OPERATIONAL HIGHLIGHTS 149.6 mn PLN 238.6 mn PLN 96.0% 7.0 yrs +38% vs. 3Q 2022 Rental income Total annualized in 3Q 2023 future rental income Occupancy WAULT 36.3 % 73.2 mn PLN 8.5% +10.7% +15% vs. 3Q 2022 3Q 2023 vs. 3Q 202
Slide 24: Key points in 3Q 2023 in EUR
2. MLP GROUP AT A GLANCE Key points in 3Q 2023 in EUR FINANCIAL HIGHLIGHTS OPERATIONAL HIGHLIGHTS 32.7 mn EUR 51.5 mn EUR 96.0% 7.0 yrs +41% vs. 3Q 2022 Rental income Total annualized in 3Q 2023 future rental income Occupancy WAULT 36.3 % 16.0 mn EUR 8.5% +10.7% +18% vs. 3Q 2022 3Q 2023 vs. 3Q 2022
Slide 25: Strong operating position at an attractive valuation
2. MLP GROUP AT A GLANCE Strong operating position at an attractive valuation MLP GROUP - OUTPERFORMANCE IN 3Q 2023 Rental revenue Like-for-Like rental Company Country of origin Valuation change (%) ICR LTV FFO Yield (%) growth y/y growth 2% +38% +10.7% 2.5x 36.3% 3.71% 1H 2023: 963.1 mn EUR * 9% +2
Slide 26: Valuation relatively undemanding
2. MLP GROUP AT A GLANCE Strong operating position at an attractive valuation MLP GROUP – VALUATION RELATIVELY UNDERMANDING P/NAV P/B P/E 2023e 2024e 2023e 2024e 2023e 2024e 0.7x 0.8x 0.9x 0.9x 24.1x 22.9x 0.7x 0.7x 0.8x 0.8x 19.2x 17.2x 0.8x 0.7x 0.9x 0.8x 18.4x 41.4x 1.0x 1.0x 1.0x 1.0x 18.2x 10.6
Slide 27: Portfolio vault and leases due to expire
2. MLP GROUP AT A GLANCE Portfolio Vault and leases due to expire 7.0 years 100% 4.0% 57% Average term of Retention rate Vacancy lease agreements 13% 11% 10% 5% 2024 2025 2026 2027 >2028 % of leases due to expire Investor presentation November 2023 27 MLP GROUP SUPERVISORY BOARD MEETING JULY 2022
Slide 28: Projects timing
2. MLP GROUP AT A GLANCE Projects timing PHASING OF THE PROJECTS LOGISTIC SITE MLP PRUSZKÓW II MLP BUSINESS PARK POZNAŃ MLP ŁÓDŹ II MLP BUSINESS PARK ŁÓDŹ MLP GORZÓW WLKP MLP GLIWICE MLP ZGORZELEC MLP BUCHAREST WEST MLP BUSINESS PARK VIENNA MLP IDSTEIN MLP SCHWALMTAL MLP BUSINESS PARK SCHALKE PV PRO
Slide 29: Accelerated landbank acquisitions
2. MLP GROUP AT A GLANCE ACCELERATED LANDBANK ACQUISITIONS Replenishing & growing development capacity 52% x2 52% situated adjacent Potential development to our existing of the landbank is 1 mn sqm or new parks which doubles the portfolio’s size POTENTIAL FOR DEVELOPMENT BY COUNTRY IN SQM TOTAL LAND
Slide 30: MLPG investment criteria (1)
2. MLP GROUP AT A GLANCE MLPG investment criteria (1) 1 Focus on A class, green projects in core location across Europe with A class tenants (1-2 D&B rating) 2 Focus on City logistics projects - City logistics projects as a high growth potential product and with high level of economic resiliency 3 F
Slide 31: MLPG investment criteria (2)
2. MLP GROUP AT A GLANCE MLPG investment criteria (2) 6 Allocating capital to B-class projects – projects shall be purchased only at a bargain price with a large discount to the market, and prior to acquisition the future conversion costs to the ESG/green bond framework standards should be specified
Slide 32: City Logistics (MLP Business Parks) by portfolio's Gross Asset Value
2. MLP GROUP AT A GLANCE City Logistics (MLP Business Parks) by portfolio’s Gross Asset Value as at 30.09.2023 as at YE 2026 8% 50% 50% 92% City Logistic Big box MLP BUSINESS PARK SCHALKE MLP BUSINESS PARK ŁÓDŹ MLP BUSINESS PARK BERLIN MLP BUSINESS PARK POZNAŃ Investor presentation November 2023 32
Slide 33: Gross Asset Value 3Q 2023 & YE 2026
2. MLP GROUP AT A GLANCE Gross Asset Value 3Q 2023 & YE 2026 by asset type as at 30.09.2023 as at YE 2026 2% 3% 13% 45% 10% 82% 45% POLAND GERMANY ROMANIA AUSTRIA POLAND GERMANY OTHER Investor presentation November 2023 MLP GROUP 2022 RESULTS
Slide 34: Yielding projects Poland & Germany
2. MLP GROUP AT A GLANCE YIELDING PROJECTS Poland & Germany MLP POZNAŃ MLP POZNAŃ WEST II MLP WROCŁAW MLP GLIWICE MLP PRUSZKÓW I MLP PRUSZKÓW II MLP LOGISTIC PARK UNNA MLP BUSINESS PARK BERLIN I Investor presentation November 2023 34 MLP GROUP 1Q 2023 RESULTS
Slide 35: Projects under construction
2. MLP GROUP AT A GLANCE PROJECTS UNDER CONSTRUCTION Poland, Germany, Austria & Romania MLP ZGORZELEC MLP BUSINESS PARK POZNAŃ MLP BUSINESS PARK SCHALKE MLP BUCHAREST WEST MLP GORZÓW MLP CZELADŹ MLP BUSINESS PARK VIENNA MLP ŁÓDŹ Investor presentation November 2023 35 MLP GROUP 1Q 2023 RESULTS
Slide 36: 3. 3Q 2023 Leasing Results
3. 3Q 2023 LEASING RESULTS 36
Slide 37: General leasing outlook
3. 3Q 2023 LEASING RESULTS General leasing outlook LEASING TAKE-UP LONGER GENERAL E-COMMERCE LIGHT INDUSTRY RESHORING PIPELINE DECISIONS CONTRACTORS In 1H 2023 Occupiers taking longer Lower demand Strong demand by light Strong reshoring trend, General contractors leasing take-up pipeline to make fin
Slide 38: MLPG leasing outlook
3. 3Q 2023 LEASING RESULTS MLPG leasing outlook 1 As occupier demand remains robust and the supply of new industrial & logistics space is decreasing, vacancies stay low, allowing us to continue to drive rental growth. On contrary, occupiers taking longer to make final decisions thus majority of the
Slide 39: Occupier take-up
3. 3Q 2023 LEASING RESULTS Occupier take-up OCCUPATIONAL DEMAND REMAINS HIGH BUT TAKE-UP HAS SLOWED FURTHER IN 1Q 2023* Occupier take-up 7 000 000 Occupier take-up (sqm) 6 000 000 5 000 000 4 000 000 3 000 000 2 000 000 1 000 000 0 Q1 2018Q2 2018Q3 2018Q4 2018Q1 2019Q2 2019Q3 2019Q4 2019Q1 2020Q2 20
Slide 40: Investment market
3. 3Q 2023 LEASING RESULTS Investment market INVESTORS AND CAPITAL TARGETING INDUSTRIAL ASSETS REMAINS HIGH DESPITE FALL-BACK IN ACTIVITY FOLLOWING RAPID REPRICING* Prime logistics yields by country** 10% 9% 8% 7% Prime yield 6% 5% 4% 3% 2% Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4
Slide 41: Rental growth
3. 3Q 2023 LEASING RESULTS Rental growth PRIME HEADLINE RENTAL LEVELS HAVE CONTINUED TO RISE INTO 1Q 2023* AND EXPECTED TO CONTINUE TO GROW IN NEAR TERM Prime rental growth by country**, rebased to Q4 2017 = 100 160 150 140 130 120 110 100 90 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q
Slide 42: Key development points in 3Q 2023
3. 3Q 2023 LEASING RESULTS Key development points in 3Q 2023 1 100% of lease contracts indexed as of February with inflation (8.6 HICP EZ or 9.2 HICP EU) 2 Rental contract as at 3Q 2023 approx. 175 ths sqm, signed in 2023 => stable growth as previous year 3 General contractors pricing y/y +10-12% vs
Slide 43: New lease agreements in 2023
3. 3Q 2023 LEASING RESULTS New lease agreements in 2023 CURRENT STATUS AND PLANNED LEASING BUDGET IN SQM 183 936 129 712 62 070 67 642 24 224 20 000 20 000 10 000 4 224 POLAND GERMANY AUSTRIA ROMANIA TOTAL Signed in 2023 In advance stage of negotiation Investor presentation November 2023
Slide 44: Spec buildings under construction in 3Q 2023
3. 3Q 2023 LEASING RESULTS Spec buildings under construction in 3Q 2023 SPEC BUILDINGS IN 3Q 2023 44 84.3 K SQM 24% 16% 10 yrs Speculative development started in 1-3Q 2023 Average rental rate is (Poland & Romania) Already leased higher vs 3Q 2022 WAULT 84 339 37 049 21 530 20 305 16 905 * 8 855 11 0
Slide 45: Partnership that deliver robust & growing income streams
3. 3Q 2023 LEASING RESULTS - OUR CLIENTS Partnership that deliver robust & growing income streams STRONG OPERATING METRICS 1.09 mn sqm 96.0% 100% 100% 98% Leased area Occupancy Retention rate Lease contracts Rent collection indexed with EURO HICP without CAP TENANTS BY SECTOR LEASED AREA 2023 Produc
Slide 46: WAULT vs. European competition
3. 3Q 2023 LEASING RESULTS WAULT vs. European competition WAULT (YEARS) 12.1 8.3 7.0 7.1 6.5 5.3 5.3 4.6 MLP WDP VGP Montea Tritax Catena CTP Intervest Source: Bloomberg, Dealogic, Company Information as of Aug 22, 2023; Notes: based on last reported financials as at 30.09.2023 or previous Investor
Slide 47: Our tenants – diversified tenants' portfolio
3. 3Q 2023 LEASING RESULTS Our tenants – diversified tenants’ portfolio TOP 10 TENANTS IN SQM 57 381 57 195 44 088 43 817 41 762 33 032 Top 10 Tenants provide 32 112 30 430 35% of annual rental 26 690 income 26 407 Investor presentation November 2023 47 MLP GROUP 1Q 2023 RESULTS
Slide 48: 4. Yields in 3Q 2023
4. YIELDS IN 3Q 2023 48
Slide 49: Yields forecast
4. YIELDS Yields forecast FORECAST PROFITABILITY EXPECTATIONS BETWEEN PROPERTY YIELDS AND BONDS YIELDS Valuation: what to expect in 2023 – after slight increase in 2Q 2023 averaging by 25 bp, market expects yield decline in YE 2023 ranging between 10bp to 35bp and continue further decrease trend in
Slide 50: 5. Financial Activity in 3Q 2023
5. FINANCIAL ACTIVITY IN 3Q 2023 50
Slide 51: Key points in 3Q 2023 - Financial position
5. FINANCIAL ACTIVITY Key points in 3Q 2023 - Financial position 3Q 2023 3Q 2022 3Q 2021 3Q 2023 YE 2022 3Q2022 CHANGE 3Q 2023 3Q 2022 CHANGE 3Q 2021 CHANGE (IN PLN (IN PLN (IN PLN (IN PLN (IN PLN (IN PLN (%) (IN %) (IN %) (p.p.) (IN %) (%) MN) MN) MN) MN) MN) MN) INVESTMENT 4 601.7 4 433.0 4% 4 528
Slide 52: Key points in 3Q 2023 - Financial position
5. FINANCIAL ACTIVITY Key points in 3Q 2023 - Financial position AS AT 30 SEPTEMBER 2023 FFO IN EUR MN LTV1) 36.3% ICR 2.5x NAV in EUR mn 541 Financial debts in EUR mn (all-in) 457 18% 16,0 among which: 13,6 – Bank loans (secured on MLP's assets) in EUR mn 359 – Bonds (unsecured on MLP's assets) in
Slide 53: Revenues and costs
5. FINANCIAL ACTIVITY Key points in 3Q 2023 - Financial position REVENUES COSTS IN PLN MN IN PLN MN +36% Developed space Developed space Recharge of utility costs as at 30.09.2022 as at 30.09.2023* 65.9 917 801 sqm 1 070 298 sqm +34% Recharge of service 52.9 charges +38% 49.3 +35% Rental income 39.2
Slide 54: Net Asset Value Growth
5. FINANCIAL ACTIVITY Net Asset Value Growth NET ASSET VALUE (IN MN PLN) NET ASSET VALUE (IN MN EUR) 533 541 2 498 2 509 397 1 825 263 1 212 220 939 190 815 2018 2019 2020 2021 2022 3Q 2023 2018 2019 2020 2021 2022 3Q 2023 Investor presentation November 2023 54 MLP GROUP 1Q 2023 RESULTS
Slide 55: Net Asset Value Growth
5. FINANCIAL ACTIVITY Net Asset Value Growth NAV CONTRIBUTION (IN MN PLN) 136 -36 -9 2 509 2 498 -58 -15 Equity as at 31.12.2022 Gain (loss) on revaluation Exchange differences on EBIT (without Net finance income Income tax Equity as at 30.09.2023 of investment property 1H translation of foreign rev
Slide 56: Loans and bonds
5. FINANCIAL ACTIVITY Loans and bonds EXISTING BANK LOANS BY MATURITY IN EUR MN • MLPG is a reliable financing partner, with a solid financial position. • Having signed bank loan agreements with Polish and German 183 banks MLP has secured financing of app EUR 50 mn for 13 further development. 0 0 61
Slide 57: Rental income and like-for-like rental growth
5. FINANCIAL ACTIVITY RENTAL INCOME LIKE-FOR-LIKE RENTAL GROWTH IN PLN MN MAIN DRIVERS 9.4 20.2 +24.7% +10.7% renegotiations/ 19.2% new contracts 149.6 indexation 120.2 4.7% exchange rate change 2.6% 8.4% 2.8% -2.4% Rental income in the Passing rent Rent generated Rental income in the 3Q 2022 3Q 202
Slide 58: Annualized future rental income based on all signed contracts
5. FINANCIAL ACTIVITY ANNUALIZED FUTURE RENTAL INCOME BASED ON ALL SIGNED CONTRACTS (IN MN PLN) Annualized rents Annualized rents Total annualized from contracts signed from new contracts rental income before 2023 and renewals already signed 84% 16% 100% 914 604 sqm 174 453 sqm 1 089 057sqm 25.7 14.
Slide 59: Yield widening offset with increase in ERVs
5. FINANCIAL ACTIVITY YIELD WIDENING SIGNIFICANTLY OFFSET WITH INCREASE IN ERVS* PROPERTY YIELD** POLAND ERV growth per country +1.6% 26 bps POLAND +3.3% GERMANY GERMANY 12 bps ROMANIA ROMANIA +0.2% 13 bps PORTFOLIO 25 bps 0,00% 1,00% 2,00% 3,00% 4,00% 5,00% 6,00% 7,00% 8,00% 9,00% Reversionary Yiel
Slide 60: Change in property valuation (PLN)
5. FINANCIAL ACTIVITY CHANGE IN PROPERTY VALUATION IN 3Q 2023 (IN THS PLN) - PER QUARTER FX Valuation change Property value presented in FS for each quarter +142 487 4 559 641 + 69 797 4 446 903 - 13 469 4 390 575 - 210 847 +173 481 + 7 617 4•243. 673 YE 2022 1Q 2023* 2Q 2023 3Q 2023* The chart abov
Slide 61: Change in property valuation (EUR)
5. FINANCIAL ACTIVITY CHANGE IN PROPERTY VALUATION IN 3Q 2023 (IN THS EUR) - PER QUARTER Valuation change between quarters* Property value presented in FS for each quarter 983 614 +30 046 +2 461 953 568 951 107 +14 922 • . 936 185 YE 2022 1Q 2023 2Q 2023 3Q 2023 The chart above does not include valu
Slide 62: The composition of the revaluation
5. FINANCIAL ACTIVITY THE COMPOSITION OF THE REVALUATION IN PLN MN 3Q 2023 143 3 18 Gain on revaluation: +164 2Q 2023 Loss on revaluation: -217 -53 ( 172) 8 • . 1Q 2023 -69 ( 11) 70 Loss on revaluation: -10 ( 220) ( 170) ( 120) ( 70) ( 20) 30 80 130 FX valuation change CAPEX and other adjustments 62
Slide 63: 6. Sustainable Development
7. SUSTAINABLE 6. SUSTAINABLE DEVELOPMENT DEVELOPMENT
Slide 64: Green industrial developer: Energy
6. GREEN INDUSTRIAL DEVELOPER Energy 100% GREEN ENERGY DELIVERED TO OUR CLIENTS MLP has contracted renewable energy to all parks by 2024 Importance to tenants: • Zero carbon emission • Tenant’s ESG ambitions • Renewable Energy as a crucial factor in the tendering processes both for tenant’s supplier
Slide 65: Green industrial developer: Solar panels
6. GREEN INDUSTRIAL DEVELOPER Solar panels ENERGY PRODUCTION ULTIMATE INCOME SOLAR PANELS INSTALLED CAPACITY Poland: (MWp) • 2024: 5 500 MWh – PLN 3.85 mln 10.55 • 2025: 6 830 MWh – PLN 4.78 mln Germany • 2024: 1.2 MWp – EUR 185 ths 6.46 6.46 Austria deployed by • 2024: 500 kWp EUR 70 ths 2023 Roman
Slide 66: 7. ESG Strategy
7. ESG STRATEGY 66
Slide 67: ESG Strategy for MLP Group S.A.
7. ESG STRATEGY For MLP GROUP S.A. E – Enivironmental goal Reducing the company's negative impact on the environment Tasks to achieve this goal: • renewable energy from PV + Energy efficiency • reducing water consumption • waste management • bio-diversity S - Social goal Drive a comprehensive effort
Slide 68: ESG Strategy for MLP Group S.A.
7. ESG STRATEGY For MLP GROUP S.A. G - Governance goal Incorporate ESG into business operations and reconcile corporate and social interests Tasks to achieve this goal: • consider issues relating to the environmental impact of projects, • human rights and climate change • in decision-making processe
Slide 69: 8. Appendix - Exemplary projects
8. APPENDIX - EXEMPLATORY PROJECTS MLP ŁÓDŹ, MLP POZNAŃ WEST & MLP BUSINESS PARK BERLIN 69
Slide 70: MLP Łódź
MLP ŁÓDŹ Total area Potential space Rent level 20.98 ha 86 800 sqm 100%
Slide 71: MLP Łódź
MLP ŁÓDŹ Investor presentation July 2023 71
Slide 72: MLP Łódź
MLP ŁÓDŹ Investor presentation July 2023 72
Slide 73: MLP Poznań West
MLP POZNAŃ WEST Total area Potential space Rent level 35 ha 172 000 sqm 83%
Slide 74: MLP Poznań West
MLP POZNAŃ WEST Investor presentation July 2023 74
Slide 75: MLP Poznań West
MLP POZNAŃ WEST Investor presentation July 2023 75
Slide 76: MLP Business Park Berlin
MLP BUSINESS PARK BERLIN Total area Potential space Rent level 5 ha 18 151 sqm 100%
Slide 77: MLP Business Park Berlin
MLP BUSINESS PARK BERLIN Investor presentation July 2023 77
Slide 78: MLP Business Park Berlin
MLP BUSINESS PARK BERLIN Investor presentation July 2023 78
Slide 79: Thank you!
Thank you! MLP GROUP S.A. ul. 3 Maja 8, 05-800 Pruszków, tel. +48 22 738 30 10 ir@mlpgroup.com www.mlpgroup.com