Eph European Property Holdings Plc · SIX:EPH.EUR
Eph European Property — FY2024 Earnings Presentation
18 slides from Eph European Property's earnings presentation, May 2025
Slide 1: Company's Results for Year Ended 31 December 2024
COMPANY’S RESULTS FOR YEAR ENDED 31 DECEMBER 2024
Slide 2: Business Highlights
BUSINESS HIGHLIGHTS ► In 2024 EPH (“EPH” or the “Company”) showed a stable operating performance despite continuing challenges in the global market environment. This success can be attributed to the Company’s high-quality properties in prime locations in Europe, which are leased to tenants with stro
Slide 3: Financial Highlights
FINANCIAL HIGHLIGHTS ► NAV is EUR 34.16 per share – slightly decreased from EUR 34.44 at YE2023. ► Net loss for the period decreased significantly from EUR 162.30 mln (including loss of EUR 59.03 mln from continuing operations) reported for 2023 to EUR 3.03 mln in 2024. ► Operating performance of th
Slide 4: Key Performance Indicators
KEY PERFORMANCE INDICATORS May 25 Page 4
Slide 5: Investment Properties
INVESTMENT PROPERTIES in EUR 31.12.2024 31.12.2023 ► Fair values of investment properties decreased by 3.03%, though it Assets combines different trends for German properties (overall almost Non-current assets Investment properties 759 932 437 783 672 437 unchanged, increase by 0.06%) and Austrian p
Slide 6: Property, Plant and Equipment – Hotel Trois Couronnes
PROPERTY, PLANT AND EQUIPMENT – HOTEL TROIS COURONNES in EUR 31.12.2024 31.12.2023 Land and Other fixed in EUR building assets Total Assets Cost Non-current assets Beginning of the period - - - Investment properties 759 932 437 783 672 437 Property, plant and equipment 51 739 372 - Acquisition in bu
Slide 7: Goodwill
GOODWILL in EUR 31.12.2024 31.12.2023 in EUR 3C City Gate WLC QBC 4 Total Assets Goodwill Non-current assets Beginning of the period - 9 491 068 4 033 771 9 991 605 23 516 444 Investment properties 759 932 437 783 672 437 Business combination (note 4) 5 576 121 - - - 5 576 121 Property, plant and eq
Slide 8: Accounts Receivable
ACCOUNTS RECEIVABLE in EUR 31.12.2024 31.12.2023 in EUR 31.12.2024 31.12.2023 Assets Non-current loans and accounts receivable Non-current assets Loans given to and receivables from the former Investment properties 759 932 437 783 672 437 46 215 887 70 509 379 Russian segment Property, plant and equ
Slide 9: Cash & Cash Equivalents
CASH & CASH EQUIVALENTS in EUR 31.12.2024 31.12.2023 in EUR 31.12.2024 31.12.2023 Assets Non-current assets Investment properties 759 932 437 783 672 437 Cash at banks 48 231 097 79 266 732 Property, plant and equipment 51 739 372 - Cash in transit 50 720 100 000 Goodwill 28 046 231 23 516 444 Loans
Slide 10: Borrowings
BORROWINGS in EUR 31.12.2024 31.12.2023 in EUR 31.12.2024 31.12.2023 Liabilities Non-current liabilities Borrowings 431 796 959 269 574 287 Borrowings (non-current) Deferred tax liabilities 29 328 870 26 414 181 Bonds issued 411 775 000 244 350 000 Net defined benefit liability 1 026 703 - Other non
Slide 11: Equity
EQUITY in EUR 31.12.2024 31.12.2023 ► In 2024, the Company has sold 92 557 and purchased Liabilities 1 801 treasury shares that resulted in net cash inflow Non-current liabilities Borrowings 431 796 959 269 574 287 of EUR 2.30 mln. Deferred tax liabilities Net defined benefit liability 29 328 870 1
Slide 12: Rental Income
RENTAL INCOME for year ended for the year ended in EUR 31.12.2024 31.12.2023 Net rental income, EUR 31.12.2024 31.12.2023 Continuing operations QBC 2 7 195 598 6 744 363 Rental income LASS 1 6 556 754 4 898 109 Gross rental income 36 847 758 33 985 311 City Gate 4 476 393 4 762 523 Service charge in
Slide 13: Operations of the Acquired Hotel Trois Couronnes
OPERATIONS OF THE ACQUIRED HOTEL TROIS COURONNES for year ended for year ended in EUR 31.12.2024 31.12.2023 in EUR 31 December 2024 Continuing operations Revenue Rental income Accommodation 4 613 586 Gross rental income 36 847 758 33 985 311 Restaurant 3 956 642 Service charge income 7 895 281 10 46
Slide 14: Administrative Expenses
ADMINISTRATIVE EXPENSES for year ended in EUR 31.12.2024 31.12.2023 Continuing operations Rental income Gross rental income 36 847 758 33 985 311 Service charge income 7 895 281 10 461 708 Property operating and maintenance expenses (9 634 368) (11 850 508) for year ended Net rental income 35 108 67
Slide 15: Revaluation of Investment Properties
REVALUATION OF INVESTMENT PROPERTIES for year ended ► In the current period, all office/retail properties were in EUR 31.12.2024 31.12.2023 devaluated primarily due to negative correction of Continuing operations market assumptions, as discussed earlier (Germany – Rental income by EUR 0.18 mln; Aust
Slide 16: Finance Income and Costs
FINANCE INCOME AND COSTS for year ended for year ended in EUR 31.12.2024 31.12.2023 in EUR 31.12.2024 31.12.2023 Gain on early termination of interest rate SWAP - 18 211 782 Interest income on loans provided to the former Russian segment 1 628 794 1 768 208 Continuing operations Interest unwind on d
Slide 17: Income Tax
INCOME TAX for year ended for year ended in EUR 31.12.2024 31.12.2023 in EUR 31.12.2024 31.12.2023 Continuing operations Current income tax expense (479 525) (3 281 983) Deferred income tax benefit 1 662 055 9 446 702 Net operating gain/(loss) 8 083 370 (76 114 865) Total income tax benefit 1 182 53
Slide 18: May 25 Page 18
May 25 Page 18
EPH European Property Holdings — FY2024 Earnings Presentation on 6ix