Slide 1: Q1 2022 results
Q1 2022 results Brussels, 11 May 2022 -1-
Slide 2: Table of content
Table of content 3 Highlights Q1 2022 7 Strategy 15 Achievements 18 Portfolio analysis 54 Financials 67 Shares & shareholders 76 Outlook 79 Conclusion -2-
Slide 3: Highlights Q1 2022
Highlights Q1 2022 Maple Court -3- Scarborough – United Kingdom
Slide 4: Highlights Q1 2022
Highlights Q1 2022 €40.4 million 8 €835 million 43.2% +26% YoY countries Committed Debt-to-assets EPRA Earnings investment programme ratio construction & renovation €64.9 million 583 9 €105 m +22% YoY, +4.1% L-F-L Healthcare sites Projects completed New long-term Rental income (approx. €46 m) bank f
Slide 5: Investment activity
Investment activity New acquisitions & pipeline completions1 €23 million €134 million €39 million ~ €300 million new investments added or €7 million announced YTD (see map) €89 million 9 projects €8 million (~ €46 million) completed during Q1 2022 1 See Q1 2022 press release for more details. -5-
Slide 6: Portfolio outlook
Portfolio outlook Total portfolio outlook: €5.8 billion €m +835 +166 5,830 6.000 5.500 4,846 -17 5.000 4.500 4.000 3.500 3.000 2.500 2.000 1.500 1.000 500 0 Marketable investment Assets classified as held for Committed investment Investments & disposal Portfolio outlook 1 Incl. rights of use of plot
Slide 7: Strategy
Strategy Espoon Matinkartanontie -7- Espoo – Finland
Slide 8: Aedifica at a glance
Aedifica at a glance Pure-play Growth potential Market reference LT cash flows at healthcare Driven by demographic in European listed interesting yields evolution healthcare real estate €5.0 billion Diversification Belgian REIT Inflation-linked Marketable investment 8 European countries (RREC/SIR/GV
Slide 9: Exploring European markets
Exploring European markets Track record of entering new markets & rapidly creating a platform for future growth 2013 – 2016 – 2019 – 2020 – 2021 – Ireland Germany Netherlands United Finland & 1st investment in Feb 2020: €25m Current portfolio: €97m (10 assets) 1st investment in 1st investment in Kin
Slide 10: Demographic evolution
Demographic evolution Ageing in Belgium Ageing in Germany 40% 40% 35% 35% 30% 30% 65 + 65 + 25% 25% 70 + 70 + 20% 20% 75 + 75 + 15% 15% 80 + 80 + 10% 85 + 10% 85 + 5% 5% 0% 0% 2020 2030 2040 2050 2060 2070 2080 2020 2030 2040 2050 2060 2070 2080 Source: Eurostat, 2021 Source: Eurostat, 2021 Ageing i
Slide 11: Demographic evolution
Demographic evolution Ageing in Finland Ageing in Sweden 40% 40% 35% 35% 30% 30% 65 + 65 + 25% 25% 70 + 70 + 20% 20% 75 + 75 + 15% 15% 80 + 80 + 10% 85 + 10% 85 + 5% 5% 0% 0% 2020 2030 2040 2050 2060 2070 2080 2020 2030 2040 2050 2060 2070 2080 Source: Eurostat, 2021 Source: Eurostat, 2021 Ageing in
Slide 12: Sustainability
Sustainability Award and CSR Benchmarks 2022 2021 2020 2019 Improvement of EPRA sBPR Not rated yet Gold Gold Silver + Most Improved Sustainability scores GRESB Not rated yet 66 ** 57* - Sustainalytics Risk Rating Not rated yet Low (11.9) Low (17.8) - MSCI A BBB BB BB New Charter for Responsible Grea
Slide 13: Sustainability
Sustainability Strategy • Commitment to the Paris Agreement to achieve net zero GHG emissions for our entire portfolio by 2050: focus on lifecycle assessment of our properties • Focus on stakeholders engagement, creating a platform to share knowledge, promoting green awareness & foster quality of ca
Slide 14: Sustainability
Sustainability CRREM Research project “Carbon Risk Real Estate Monitor” framework Translates long-term policies (COP21 Paris Agreement) into science-based targets that are global warming scenarios, country and building type specific Proposes a framework for assessing building specific carbon risks -
Slide 15: Achievements
Achievements Die Rose im Kalletal -15- Kalletal - Germany
Slide 16: Achievements: investment properties since 2006
Achievements Investment properties1 EVOLUTION SINCE 2006 €m 6.500 CAGR: 24 % 6.000 5.830 (as of 31 March 2022) 5.500 4.896 5.014 5.000 4.500 4.000 3.815 3.500 3.000 2.636 2.500 1.964 2.000 1.661 1.456 1.500 971 1.065 1.000 728 566 619 356 360 453 500 198 302 0 1 Investment properties incl. rights of
Slide 17: Achievements: focus on Europe
Achievements Focus on Europe GEOGRAPHICAL BREAKDOWN (FAIR VALUE)1 1 2 2 5 100% 2 5 9 2 2 12 12 13 15 2 18 18 18 14 17 80% 17 23 14 13 13 12 60% 17 18 18 17 17 100 95 88 86 40% 77 18 70 23 23 25 20% 45 32 22 25 25 0% 1 Marketable investment properties incl. assets classified as held for sale (€4,786
Slide 18: Portfolio analysis
Portfolio analysis Villa Nuova -18- Vorden - Netherlands
Slide 19: Healthcare real estate portfolio
Healthcare real estate portfolio Healthcare segment breakdown FOCUS ON CARE FACILITIES FOR ELDERLY PEOPLE Elderly care homes 7% 7% Senior housing 17% Mixed-use elderly care Elderly care homes buildings Senior housing 4% 65% ChildMixed-use day-care elderly centres care buildings Child day-care centre
Slide 20: Healthcare real estate portfolio
Healthcare real estate portfolio Geographical breakdown DIVERSIFICATION AMONG EUROPEAN COUNTRIES 2% 2% um 25% 18% many erlands d Kingdom Belgium Germany nd 18% Netherlands den 23% United Kingdom Finland nd 13% Sweden Marketable investment properties incl. assets classified as held for Ireland sale (
Slide 21: Belgian healthcare portfolio
Belgian healthcare portfolio PORTFOLIO OF 83 ASSETS BELGIUM Very mature healthcare real €1,220 m ~8,600 5.3% 22 years estate market Portfolio Residents Yield on WAULT Fair Value Fair Value Elderly care: highly consolidated profit segment 11 19 ~€1,290 m Inflation- Projects Tenant Portfolio outlook l
Slide 22: Belgian healthcare portfolio
Belgian healthcare portfolio Marketable investment properties Projects in the investment program -22-
Slide 23: Belgian healthcare portfolio
Belgian healthcare portfolio Klein Veldekens, Geel - 132 units Le Douaire, Anderlues - 129 units Jardin Intérieur, Frasnes-lez-Anvaing - 101 units Sorgvliet, Linter - 83 units -23-
Slide 24: German healthcare portfolio
German healthcare portfolio PORTFOLIO OF 102 ASSETS Germany €1,091 m ~10,400 5.1% 22 years Growth potential Portfolio Residents Yield on WAULT due to ageing of Fair Value Fair Value German population 33 22 ~€1,442 m Inflation- Projects Tenant Portfolio outlook Elderly care: market linked consolidati
Slide 25: German healthcare portfolio
German healthcare portfolio Marketable investment properties Projects or acquisitions subject to outstanding conditions in the -25- investment program
Slide 26: German healthcare portfolio
German healthcare portfolio Seniorenquartier Weyhe, Weyhe - 109 units Seniorenzentrum Alte Zwirnerei, Gersdorf - 104 units Seniorenzentrum Hildegardis, Langenbach - 196 units Seniorenquartier Bremen, Bremen - 109 units -26-
Slide 27: Dutch healthcare portfolio
Dutch healthcare portfolio PORTFOLIO OF 72 ASSETS Netherlands €607 m ~3,300 5.4% 18 years Healthcare real Portfolio Residents Yield on WAULT estate market Fair Value Fair Value becoming more competitive and liquid 10 23 ~€666 m Inflation- Operators: Projects Tenant Portfolio outlook linked predomina
Slide 28: Dutch healthcare portfolio
Dutch healthcare portfolio Marketable investment properties Projects in the investment program -28-
Slide 29: Dutch healthcare portfolio
Dutch healthcare portfolio Oosterbeek Warm Hart, Oosterbeek - 27 units Martha Flora Hilversum, Hilversum - 31 units Pachterserf, Apeldoorn - 48 units Het Gouden Hart Lelystad, Lelystad - 45 units -29-
Slide 30: UK healthcare portfolio
UK healthcare portfolio PORTFOLIO OF 104 ASSETS United Kingdom Fragmented care home €846 m ~6,900 6.4% 21 years market Portfolio Residents Yield on WAULT Fair Value Fair Value Huge development and growth potential due to outdated social 9 15 ~€1,008 m Inflation- infrastructure Projects Tenant Portfo
Slide 31: UK healthcare portfolio
UK healthcare portfolio Marketable investment properties Projects in the investment program -31-
Slide 32: UK healthcare portfolio
UK healthcare portfolio Aylesbury Martin Dalby, Aylesbury - 61 units Abbot Care Home, Harlow - 117 units St Fillans, Colchester - 71 units Les Charrières, Jersey - 50 units -32-
Slide 33: Finnish healthcare portfolio
Finnish healthcare portfolio PORTFOLIO OF 190 ASSETS Finland €846 m ~12,900 5.3% 12 years Strong long-term Portfolio Users Yield on WAULT growth potential: one of Fair Value Fair Value the fastest ageing populations in Europe 6 49 ~€980 m Inflation- ‘Nordic welfare state’ Projects Tenant Portfolio o
Slide 34: Finnish healthcare portfolio
Finnish healthcare portfolio Marketable investment properties Projects in the investment program -34-
Slide 35: Finnish healthcare portfolio
Finnish healthcare portfolio Jyväskylä Sulkulantie, Jyväskylä - 18 units Tampere Sisunaukio, Helsinki - 130 units Koy Espoon Matinkartanontie, Espoo - 537 units Koy Lohjan Sahapiha, Lohja - 110 units -35-
Slide 36: Swedish healthcare portfolio
Swedish healthcare portfolio PORTFOLIO OF 22 ASSETS Sweden €79 m ~700 4.9% 13 years Long-term growth Portfolio users Yield on WAULT potential, but very Fair Value Fair Value mature (domestic) market 3 12 ~€110 m Inflation- ‘Nordic welfare state’ Projects Tenant Portfolio outlook linked to be groups
Slide 37: Swedish healthcare portfolio
Swedish healthcare portfolio Marketable investment properties Projects in the investment program -37-
Slide 38: Swedish healthcare portfolio
Swedish healthcare portfolio Bälinge Lövsta 9:19, Uppsala - 12 units Upplands Väsby Havregatan AB (UNÄ), Upplands Väsby - 100 units LSS-boende Nyby, Laholm - 6 units Sunnersta 120:2 & 120:4 , Uppsala - 6 units -38-
Slide 39: Irish healthcare portfolio
Irish healthcare portfolio PORTFOLIO OF 10 ASSETS Ireland Strong market fundamentals supporting €97 m ~900 5.2% 24 years long-term investment Portfolio Users Yield on WAULT potential Fair Value Fair Value Highly fragmented care home market 7 3 ~€288m Inflation- Private operators take an Projects Ten
Slide 40: Irish healthcare portfolio
Irish healthcare portfolio Marketable investment properties Projects in the investment program -40-
Slide 41: Irish healthcare portfolio
Irish healthcare portfolio Dublin Stepaside, Stepaside - 119 units Dundalk Nursing Home, Dundalk - 130 units Brídhaven, Mallow - 184 units Waterford care home, Waterford - 64 units -41-
Slide 42: Spanish healthcare portfolio
Spanish healthcare portfolio PARTNERSHIP WITH SPANISH OPERATOR Spain Strong market fundamentals supporting €75 m ~1,000 Approx. Inflation- long-term investment initial portfolio Users 5.5% linked potential ambition Initial Rental triple net long yield leases Fragmented care home market Up to 5 1 1 p
Slide 43: Healthcare real estate tenants
Healthcare real estate tenants Tenant diversification1 11% 583 sites with approx. 7% 250 tenants (or >130 ‘groups’) representing 6% European, national and 48% local profit and not-for- 5% profit operators 4% No ‘operator group’ 4% leases more than 11% of 4% Aedifica’s consolidated 4% assets 3% 4% 1
Slide 44: Healthcare real estate tenants
Healthcare real estate tenants Tenant diversification1 3% 7% Private - Profit Private - Non-profit Predominantly private operators Public 90% Growing public and non- profit segments among tenants 1 Based on the contractual rents. -44-
Slide 45: Elderly care sector regulations
Elderly care sector regulations BELGIUM GERMANY NETHERLANDS UK Regional Local municipality National National (Heimaufsicht) & Medical service of New home Risk- & event based Opening of a new statutory care insurers supervision/ event inspections home, then frequency (MDK) based / periodic of follow
Slide 46: Elderly care sector regulations
Elderly care sector regulations FINLAND SWEDEN IRELAND SPAIN National & National National Regional Regional (for early childhood education & care) Opening of new home Opening of a new Opening of new home Opening of new home / / periodic / event home / annual / event based / periodic / event based ba
Slide 47: Lease maturity & occupancy rate
Lease maturity & occupancy rate UNEXPIRED LEASE TERM 20 years 26% Weighted average unexpired lease term 74% 100 % Occupancy rate <15 years Marketable investment properties incl. assets classified as ≥15 years held for sale (€4,786 m), excl. rights of use of plots of land. -47-
Slide 48: WAULT by country
WAULT by country (Years) 30 25 24 22 23 22 Avg 20 years 20 18 15 13 10 12 5 0 Belgium Germany Netherlands United Kingdom Finland Sweden Ireland -48-
Slide 49: Age of buildings
Age of buildings >60% OF THE PORTFOLIO IS LESS THAN 15 YEARS OLD 10% 27% 0-5 years 6-10 years 11-15 years 36% > 15 years Project 18% Age profile based on a weighted average of the gross square footage of our properties using completion date of a construction or renovation phase done 9% onsite. -49-
Slide 50: Gross yields on fair value
Gross yields on fair value Conservative valuation yields 7 6 6.4 Avg 5.5 5 5.3 5.4 5.3 5.1 5.2 4.9 4 3 2 1 0 % Belgium Germany Netherlands United Kingdom Finland Sweden Ireland -50-
Slide 51: Prime yields
Prime yields Belgium Germany Netherlands United Kingdom Finland Sweden Ireland Spain 3.5% 3,5% 4.0% 4,0% 4.5% 4,5% 5.0% 5,0% 5.5% 5,5% Source: Company estimates 6,0% As of 31 March 2022 -51-
Slide 52: Committed development projects
Committed development projects Pipeline: €835 million GEOGRAPHICAL SPLIT EXPECTED DELIVERY DATE €3m 0% €30m €74m 4% €187m €28m €116m 9% Belgium 14% €187m 2022 4% 22% Germany Netherlands €348m 2023 €118m 42% €352m United Kingdom 14% 42% Finland 2024 Sweden €92m €270m 11% Ireland >2025 32% €52m 6% Spa
Slide 53: Portfolio growth: development projects
Portfolio growth Development projects MT Espoo Kurttilantie (FI) Construction start: 2021 Seniorenquartier Langwedel – Expected completion: 2022 Langwedel (DE) Construction start: Q4 2021 Expected completion: Q4 2022 Waterford Carrigea Crescent – Waterford (IE) Construction start: Q4 2021 Expected c
Slide 54: Financials
Financials Seniorenzentrum Alte Zwirnerei -54- Gersdorf - Germany
Slide 55: Income Statement: EPRA Earnings
Income Statement EPRA Earnings EPRA EARNINGS YOY INCREASE OF 26% Consolidated incom e statem ent - analytical form at 31/03/2022 31/03/2021 (x €1,000) Rental income 64,881 53,351 Rental-related charges -108 35 Net rental income 64,773 53,386 Operating charges* -12,222 -10,722 Operating result before
Slide 56: Income Statement: Net result
Income Statement Net result EARNINGS PER SHARE: DRIVEN BY STRONG VALUATION INCREASE Consolidated incom e statem ent - analytical form at 31/03/2022 31/03/2021 (x €1,000) EPRA Earnings* 40,439 32,201 Changes in fair value of financial assets and liabilities 35,474 4,880 Changes in fair value of inves
Slide 57: Rental income
Rental income (€ m) 70 +2.0M +0.7M +1.1M 64.9 +0.7M +1.7M 60 +4.6M 53.4 +0.7M 50 40 30 20 22% 10 increase YoY Rental Belgium Germany Netherlands United Finland Sweden Ireland Rental income Q1 Kingdom income Q1 2021 2022 Change: +4.6 % +49.6 % +9.8 % +15.0 % +20.9 % +338.2 % +643.3% +21.6 % Like-for-
Slide 58: Consolidated balance sheet
Consolidated balance sheet (€ m) Balance sheet total: €5.39 billion 2,785 2,911 Equity Investment properties €187m (incl. assets classified 5,014 Liabilities included as held for sale) 4,896 €335m in the debt ratio Other assets included 2,785 Other liabilities Investment properties in debt ratio 2,6
Slide 59: Debt-to-assets ratio
Debt-to-assets ratio Financial policy: debt-to-assets ratio 56% 56% <50% 50% 50% 44% 43% 42% 43% 43% 41% 37% €335m Investment capacity: approx. €625 million before reaching 50% debt-to-assets ratio June June March June March June Oct Dec. June Dec March 2017 2018 2019 2019 2020 2020 2020 2020 2021 2
Slide 60: Debt-to-assets ratio
Debt-to-assets ratio €67m €100m €153m €219m €418m €207m €459m rights issue rights issue rights issue rights issue rights issue ABB rights issue Oct 2010 Dec 2012 June 2015 Mar 2017 May 2019 Apr 2020 Oct 2020 70% 6.000 60% 5.000 50% 4.000 40% €286m ABB 3.000 Over the past 12 years, 30% Jun 2021 2.000
Slide 61: Credit facilities
Credit facilities Total financial debt: €2,193 m Investment credits 5% 5% Investment credits 13% 17% Termloans loans 46% bank Credit rating BBB with Term stable outlook from S&P 4% facilities 4% 30% Revolving Revolvingloans loans 33% Global USPP GBP USPP GBP 24% 26% sustainable Sustainable bond fina
Slide 62: Credit facilities
Credit facilities LIQUIDITY DEBT MATURITY PROFILE Financial debt Lines Utilisation of which 900 800 Weighted average (in € million)1 treasury notes 700 debt maturity (excl. 600 31/12/2022 31/12/2023 410 371 380 166 371 - 500 CP): 5.4 years 400 31/12/2024 432 272 - 31/12/2025 540 175 - 300 200 Liquid
Slide 63: Credit facilities
Credit facilities Interest rate hedging1 100% 90% 15% 20% 27% 28% 31% 80% 16% 14% 70% 5% 14% 60% 30% 27% 30% 31% 50% 21% 40% 30% 85% of debt hedged 20% 39% 38% 38% by derivatives or 38% 38% 10% fixed rate debt as of 31 March 2022 0% 31-03-2022 31-12-2022 31-12-2023 31-12-2024 31-12-2025 1 Assuming d
Slide 64: Net asset value
Net asset value PREMIUM ON 10 May 2022 33% vs NAV at FV incl. IAS 39 34% vs NAV at FV excl. IAS 39 35% vs NTA Net asset value per share (in €) 31/03/2022 31/03/2021 Net asset value after deduction of dividend 2019/2020, 79.56 77.35 excl. changes in fair value of hedging instruments* Effect of the ch
Slide 65: Dividend policy
Dividend policy €3.40 / share (gross) €3.70 / share (gross) DPS 2021 1 DPS guidance for 2022 (01/01/2021 – 31/12/2021) + 9% compared to end 2021 Withholding tax: − General rule: 30 % − Reduced to 15 % as healthcare REITs investing more than 80% of its portfolio in residential European healthcare rea
Slide 66: EPRA metrics
EPRA EPRA METRICS Key performance indicators according to the EPRA principles 31/03/2022 31/03/2021 EPRA Earnings* (in €/share) 1.11 0.97 EPRA Cost Ratio (including direct vacancy costs)* (in %) EPRA Cost Ratio (excluding direct vacancy costs)* (in %) 19.8% 19.7% 20.0% 20.0% Aedifica is included in
Slide 67: Shares & shareholders
Shares & shareholders Bällinge Lövsta 10:140 -67- Uppsala – Sweden
Slide 68: Share price since IPO
Share price since IPO Spot Var. (%) Aedifica 106,60 193 375 BEL20 3.901,59 -7 350 325 EPRA Belgium 1.856,63 31 300 EPRA Europe 1.977,49 -26 275 250 225 200 175 150 125 100 75 50 Aedifica: based on the IPO price (€41), adjusted to take into account the rights issues of 2010 (- €1.89), 2012 (- €1.93),
Slide 69: Total return since IPO
Total return since IPO 700 675 Return Var. (%) 650 Aedifica 192 428 625 600 575 EPRA Belgium 6.744 212 550 525 500 EPRA Europe 4.634 35 475 450 425 400 375 350 325 300 275 250 225 200 175 150 125 100 75 50 Aedifica: based on the IPO price (€41), adjusted to take into 25 account the rights issues of
Slide 70: Euronext
Euronext Inclusion in the BEL20 In March 2020, Aedifica entered the BEL 20, the leading share index of Euronext Brussels. The BEL 20 index comprises Belgian companies listed on Euronext Brussels that record the largest free-float market 100% capitalisation, of which the share is Aedifica’s free floa
Slide 71: Shareholding
Shareholding1 INTERNATIONAL & DIVERSIFIED SHAREHOLDERS BASE1 9% Belgium US 32% France The Netherlands One shareholder 25% Norway holding more than 5% of UK the company’s capital 2 Switzerland 1/3 retail shareholders Luxemburg 1% 2% 14% 2/3 institutional 2% 6% Other shareholders 7% 2% Unidentified 1
Slide 72: Award
Award EPRA EPRA REPORTING: BEST PRACTICES RECOMMENDATIONS (BPR) From 2015 to 2021, Aedifica’s annual financial report was awarded 7 consecutive times the ‘EPRA BPR Gold Award’ In 2020 & 2021, Aedifica received the ‘EPRA sBPR Gold Award‘ for the Sustainability Reports -72-
Slide 73: Corporate governance
Corporate governance TRANSPARENCY BOARD OF DIRECTORS • NV/SA • 12 Directors • 7 independent non-executive Directors • Management in the box • 5 executive Directors • 100% free float • Gender diversity ratio: 42% • No poison pills • International • Audit Committee • Nomination & Remuneration Committe
Slide 74: Aedifica's Executive Committee
Aedifica’s Executive Committee Ingrid Daerden Raoul Thomassen Chief Financial Officer Chief Operating Officer Sven Bogaerts Chief Mergers & Charles-Antoine van Aelst Acquisitions Officer Chief Investment Officer Stefaan Gielens -74- Chief Executive Officer
Slide 75: Organisation & team
Organisation & team INTERNATIONAL TEAM 4 Local teams in 6 countries Belgium 28 managing the portfolio Germany and the group’s growth Netherlands 58 UK International staff of Finland 113 people of which 9 Sweden 37 women and 76 men 6 8 Number of employees per country -75-
Slide 76: Outlook
Outlook Verpleegcentrum Scheemda -76- Scheemda - Netherlands
Slide 77: Outlook FY 2022
Outlook FY 2022 €269 million €335 million ~ €800 million Rental income Pipeline deliveries in 2022 Hypothetical new investments of which €450 m cash flow generating <50% £1 = € 1.15 Debt-to-assets ratio Foreign exchange ~ €900 million (end 2022) assumption Cash out during 2022 related to the investm
Slide 78: Outlook: objective for future growth
Outlook OBJECTIVE FOR FUTURE GROWTH : EPS GROWTH € / share CAGR EPS: 11% 7,0 (Outlook) 6,5 6,0 5,5 5,0 4,23 4,35 4,77 • Enhancing long-term cash flows 4,5 4,0 3,74 in healthcare real estate 3,40 3,70 3,5 3,0 3,15 3,25 * • Exploring new healthcare real 2,43 3,07 2,5 2,09 1,99 1,87 2,14 1,95 2,05 2,39
Slide 79: Conclusion
Conclusion Klein Veldekens -79- Geel - Belgium
Slide 80: Investment highlights
Investment highlights Attractiveness for shareholders PURE-PLAY FAIR VALUE HISTORY HEALTHCARE REIT IN EUROPE OF PORTFOLIO SHOWING RESILIENCE 20 YEARS WEIGHTED AVERAGE LEASE STRONG UNDERLYING TERM DEMOGRAPHIC TRENDS SOLID TRACK RECORD IN INVESTMENT, EQUITY AND DEBT-FINANCING LONG-TERM GROWTH STRONG D
Slide 81: Thank you
Thank you QUESTION? INVESTOR RELATIONS Please use the « Ask a question » ir@aedifica.eu button and type your question Rue Belliard/Belliardstraat 40 bte 11 1040 Brussels, Belgium -81-
Slide 82: Stefaan Gielens - CEO, Ingrid Daerden - CFO
Stefaan Gielens - Chief Executive Officer Ingrid Daerden - Chief Financial Officer -82-
Slide 83: Aedifica SA/NV
Aedifica SA/NV Public REIT under Belgian Law Regulated Real Estate Company (RREC) Société immobilière réglementée (SIR) Gereglementeerde vastgoedvennootschap (GVV) Rue Belliard 40 / Belliardstraat 40 (box 11) 1040 Brussels Tel: +32 (0)2 626 07 70 - Fax: +32 (0)2 626 07 71 info@aedifica.eu - www.aedi
Slide 84: Forward-looking statement
Forward-looking statement This Presentation includes forward-looking statements that reflect the Company's intentions, beliefs or current expectations concerning, among other things, the Company’s results, condition, performance, prospects, growth, strategies and the industry in which the Company op
Slide 85: Appendix
Appendix Villa Casimir -85- Roermond - Netherlands
Slide 86: Portfolio growth: investment programme
Portfolio growth Investment programme as of 31 March 2022 INVESTMENT PROGRAMME: €835 MILLION Country Developm ent Rent Rent Developm ent Rent Yield2 projects (in € m illion) projects 1 (in € m illion) (in € m illion) (in € m illion) BE 74 2 Triple net 332 17 5.1% DE 352 17 Double net 498 26 5.2% NL
Slide 87: Belgian REIT
Belgian REIT ‘sicafi / vastgoedbevak’ Appraisal: Tax status: until 17 October 2014 At fair value on a quarterly basis by Exit tax a valuation expert Limited corporate tax in No depreciation of properties Belgium for parent company RREC (SIR / GVV) since 17 Dividend: at least 80 % of Withholding tax
Slide 88: Innovative healthcare real estate
Innovative healthcare real estate Villa Casimir: an A-rated redevelopment Roermond (NL) Completed in October 2020 Former villa and ‘Rijksmonument’ (national heritage site) Redeveloped into a care residence for 18 elderly residents requiring continuous care EPC G → A -88-
Slide 89: Innovative healthcare real estate
Innovative healthcare real estate Villa Casimir: an A-rated redevelopment Restoration of the villa’s unique characteristic elements : high windows wooden beams French doors stained-glass windows Improved insulation of the roof, walls & basement floor Barrier-free environment High-performance cooling
Slide 90: Innovative healthcare real estate
Innovative healthcare real estate Villa Casimir: an A-rated redevelopment FUTUREPROOF BUILDING, FIT FOR THE CURRENT GENERATION AND THE NEXT Low-temperature heating Individual ventilation type C+ All-electric approach: opportunity to use green energy & accommodate new technological developments Futur
Slide 91: Notes
fl Notes aedifica |" housing with care -91-