Slide 1: Q3 2022 results
Q3 2022 results Brussels, 9 November 2022 -1-
Slide 2: Table of content
Table of content 3 Highlights Q3 2022 7 Strategy 15 Achievements 17 Portfolio analysis 51 Financials 68 Shares & shareholders 77 Outlook 80 Conclusion -2-
Slide 3: Highlights Q3 2022
Highlights Q3 2022 Militza Brugge -3- Brugge – Belgium
Slide 4: Highlights Q3 2022
Highlights Q3 2022 €134.5 million 8 €851 million 42.5% +22% YoY countries Pre-let development projects Debt-to-assets EPRA Earnings & acquisitions in progress ratio €200.4 million 612 8 €47 million +19% YoY, +4.1% L-F-L Healthcare sites Projects completed equity raised through Rental income (approx.
Slide 5: Investment activity
Investment activity New acquisitions & pipeline completions €23 million €282 million €81 million ~ €786 million €24 million investment added or announced YTD €265 million (see map) €8 million ~ €66 million (8 €90 million projects) completed Spain during Q3 2022 €13 million -5-
Slide 6: Portfolio outlook
Portfolio outlook Total portfolio outlook: €6.2 billion €m 6.500 +851 +46 6,196 6.000 5,345 5.500 -46 5.000 4.500 4.000 3.500 3.000 2.500 2.000 1.500 1.000 500 0 Marketable investment Assets classified Committed investment Investments after Portfolio outlook 1 Incl. rights of use of plots of land an
Slide 7: Strategy
Strategy LLT Almere Buiten -7- Almere – Netherlands
Slide 8: Aedifica at a glance
Aedifica at a glance Pure-play Market reference Belgian REIT Long term stable healthcare in European listed (RREC/SIR/GVV) cash flows healthcare real estate €5.3 billion Growth potential ~ €3.1 billion Inflation-linked Marketable investment Driven by demographic contracts Market cap properties evolu
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 2021: €25m Current portfolio: €292 (18 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 Gold Gold Gold Silver + Most Improved Sustainability scores GRESB 68** 66** 57* - Sustainalytics Risk Rating Low (11.3) Low (11.9) Low (17.8) - MSCI A BBB BB BB Bloomberg MSCI Green Bond Index: inclusion of the €500
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 Priesty Fields -15- Congleton – United Kingdom
Slide 16: Achievements
Achievements Investment properties1 evolution and Focus on Europe EVOLUTION SINCE 2006 GEOGRAPHICAL BREAKDOWN (FAIR VALUE)2 €m 7.000 CAGR: 24 % 100% 5 2 1 6 5 7 6.500 6,196 12 9 13 2 2 (as of 30 September 2022) 12 15 18 2 6.000 5,644 17 14 17 5.500 5,277 80% 17 17 4,896 14 5.000 23 12 12 4.500 11 4.
Slide 17: Portfolio analysis
Portfolio analysis Seniorenhaus Lessingstrasse -17- Würzen - Germany
Slide 18: Healthcare real estate portfolio
Healthcare real estate portfolio Healthcare segment breakdown FOCUS ON CARE FACILITIES FOR ELDERLY PEOPLE 7% 6% 16% Elderly care homes Senior housing 4% 67% Mixed-use elderly care buildings Child day-care centres Other care segments Marketable investment properties incl. assets classified as held fo
Slide 19: Healthcare real estate portfolio
Healthcare real estate portfolio Geographical breakdown DIVERSIFICATION AMONG EUROPEAN COUNTRIES 2% 5% 25% 17% Belgium Germany 18% 21% Netherlands United Kingdom Finland 12% Sweden Marketable investment properties incl. assets classified as held for Ireland sale (€5,281 m), excl. rights of use of pl
Slide 20: Belgian healthcare portfolio
Belgian healthcare portfolio PORTFOLIO OF 85 ASSETS BELGIUM Very mature healthcare real €1,303 m ~8,800 5.4% 20 years estate market Portfolio Residents Yield on WAULT Fair Value Fair Value Elderly care: highly consolidated profit segment 6 17 ~€1,389 m Inflation- projects Tenant Portfolio outlook li
Slide 21: Belgian healthcare portfolio
Belgian healthcare portfolio Marketable investment properties Projects in the investment programme or subject to outstanding -21- conditions
Slide 22: Belgian healthcare portfolio
Belgian healthcare portfolio Klein Veldekens, Geel - 132 units Résidence Véronique, Somme – Leuze – 131 units Hof Van Schoten, Schoten - 101 units Militza Brugge, Brugge - 120 units -22-
Slide 23: German healthcare portfolio
German healthcare portfolio PORTFOLIO OF 103 ASSETS Germany €1,133 m ~10,500 5.0% 22 years Growth potential Portfolio Residents Yield on WAULT due to ageing of Fair Value Fair Value German population 21 22 ~€1,333 m Inflation- Elderly care: market projects Tenant Portfolio outlook linked in consolid
Slide 24: German healthcare portfolio
German healthcare portfolio Marketable investment properties Projects in the investment programme -24-
Slide 25: German healthcare portfolio
German healthcare portfolio Seniorenquartier Weyhe, Weyhe - 109 units Seniorenzentrum Alte Zwirnerei, Gersdorf - 104 units Seniorenhaus Lessingstrasse, Wurzen - 73 units Seniorenquartier Bremen, Bremen - 109 units -25-
Slide 26: Dutch healthcare portfolio
Dutch healthcare portfolio PORTFOLIO OF 75 ASSETS Netherlands €646 m ~3,300 5.5% 17 years Healthcare real Portfolio Residents Yield on WAULT estate market Fair Value Fair Value becoming more competitive and liquid 15 25 ~€689 m Inflation- Operators: projects Tenant Portfolio outlook linked predomina
Slide 27: Dutch healthcare portfolio
Dutch healthcare portfolio Marketable investment properties Projects or projects subject to outstanding conditions in the -27- investment programme
Slide 28: Dutch healthcare portfolio
Dutch healthcare portfolio Villa Florian, Blaricum - 29 units Martha Flora Rotterdam, Rotterdam - 29 units Pachterserf, Apeldoorn - 48 units Het Gouden Hart Soest - Soest - 36 units -28-
Slide 29: UK & Channel Islands healthcare portfolio
UK & Channel Islands healthcare portfolio PORTFOLIO OF 112 ASSETS United Kingdom Fragmented care home €933 m ~7,100 6.2% 21 years market Portfolio Residents Yield on WAULT Fair Value Fair Value Huge development and growth potential due to outdated social 12 15 ~€1,097 m Inflation- infrastructure pro
Slide 30: UK & Channel Islands healthcare portfolio
UK & Channel Islands healthcare portfolio Marketable investment properties Projects or projects subject to outstanding conditions/forward -30- purchases in the investment programme
Slide 31: UK & Channel Islands healthcare portfolio
UK & Channel Islands healthcare portfolio Sleaford Ashfield Road, Sleaford - 68 units Abbot Care Home, Harlow - 117 units Le petit Bosquet, Jersey - 43 units Creggan Bahn Court - Ayr - 58 units -31-
Slide 32: Finnish healthcare portfolio
Finnish healthcare portfolio PORTFOLIO OF 195 ASSETS Finland €891 m ~13,400 5.3% 12 years Strong long-term Portfolio Residents Yield on WAULT growth potential: one of Fair Value Fair Value the fastest ageing populations in Europe 23 47 ~€1,042 m Inflation- ‘Nordic welfare state’ projects Tenant Port
Slide 33: Finnish healthcare portfolio
Finnish healthcare portfolio Marketable investment properties Projects or acquisitions subject to outstanding conditions in the -33- investment programme
Slide 34: Finnish healthcare portfolio
Finnish healthcare portfolio Koy Kuopion Männistönkatu PK, Kuopio - 168 units Oulu Jahtivoudintie, Oulu - 340 units Koy Espoon Matinkartanontie, Espoo - 537 units Liminka Saunarannantie, Liminka - 99 units -34-
Slide 35: Swedish healthcare portfolio
Swedish healthcare portfolio PORTFOLIO OF 24 ASSETS Sweden €82 m ~750 4.9% 13 years Long-term growth Portfolio Residents Yield on WAULT potential, but very Fair Value Fair Value mature (domestic) market 2 13 ~€109 m Inflation- ‘Nordic welfare state’ projects Tenant Portfolio outlook linked to be gro
Slide 36: Swedish healthcare portfolio
Swedish healthcare portfolio Marketable investment properties Projects or projects subject to outstanding conditions in the -36- investment programme
Slide 37: Swedish healthcare portfolio
Swedish healthcare portfolio Bälinge Lövsta 9:19, Uppsala - 12 units Almungeberg 1:21 Uppsala - 6 units Förskola Kallinge, Ronneby - 120 units Sunnersta 120:2 & 120:4 , Uppsala - 6 units -37-
Slide 38: Irish healthcare portfolio
Irish healthcare portfolio PORTFOLIO OF 18 ASSETS Ireland Strong market fundamentals supporting €292 m ~1,900 5.2% 24 years long-term investment Portfolio Residents Yield on WAULT potential Fair Value Fair Value Highly fragmented care home market 9 4 ~€457 m Inflation- Private operators take an proj
Slide 39: Irish healthcare portfolio
Irish healthcare portfolio Marketable investment properties Projects or acquisition subject to outstanding conditions in the -39- investment programme
Slide 40: Irish healthcare portfolio
Irish healthcare portfolio Dublin Stepaside, Stepaside - 119 units Beaumont Lodge, Dublin - 221 units Northwood Nursing Home, Dublin - 121 units Waterford care home, Waterford - 64 units -40-
Slide 41: 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 Residents 5.5% linked potential ambition Initial Rental triple net long yield leases Fragmented care home market Up to 5 1
Slide 42: Healthcare real estate tenants
Healthcare real estate tenants Tenant diversification1 11% 612 sites with approx. 7% 280 tenants (or >130 ‘groups’) representing 6% European, national and 49% 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 43: Healthcare real estate tenants
Healthcare real estate tenants Tenant diversification1 2% 8% Private - Profit Predominantly private Private - Non-profit operators Public Growing public and non- profit segments among tenants 90% 1 Based on the contractual rents. -43-
Slide 44: 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 45: 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 46: Lease maturity & occupancy rate
Lease maturity & occupancy rate UNEXPIRED LEASE TERM WAULT BY COUNTRY 1% (Years) 8% 25 24 Avg < 5 years 20 years 15% 20 22 21 5 to 10 years 20 15 17 10 to 15 years 12 13 10 76% ≥ 15 years 5 0 20 years Weighted average unexpired 100 % Belgium Germany Netherlands United Kingdom Finland Sweden Ireland
Slide 47: Age of buildings
Age of buildings >60% OF THE PORTFOLIO IS LESS THAN 15 YEARS OLD 10% 23% 0-5 years 6-10 years 11-15 years 36% > 15 years Project 19% 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 11% onsite. -47-
Slide 48: Gross yields on fair value
Gross yields on fair value GROSS YIELDS ON FAIR VALUE Conservative 7 valuation yields (%) 6 6.2 Avg 5.4 5.4 5.5 5 5.3 5.2 5.0 4.9 4 3 2 1 0 Belgium Germany Netherlands United Kingdom Finland Sweden Ireland -48-
Slide 49: Committed development projects
Committed development projects Pipeline: €851 million GEOGRAPHICAL SPLIT EXPECTED DELIVERY DATE EXPECTED EVOLUTION €16m 2% €50m (€m) €98m 1.000 12% 6% 851 €166m Belgium €219m 19%2% €219m 800 Germany 26% 637 €28m 12% €199m Netherlands€254m 600 €328m 3% Belgium 30% 19% 23% United Kingdom % Germany 400
Slide 50: Portfolio growth
Portfolio growth Development projects Turku Herttuankulma - Turku (FI) Construction start: Q1 2021 Seniorenquartier Langwedel – Expected completion: Q4 2022 Langwedel (DE) Construction start: Q4 2021 Expected completion: Q4 2022 Waterford Carrigea Crescent – Waterford (IE) Construction start: Q4 202
Slide 51: Financials
Financials Loughshinny Nursing Home -51- Dublin - Ireland
Slide 52: Income Statement
Income Statement EPRA Earnings EPRA EARNINGS YOY INCREASE OF 22% Consolidated income statement - analytical format 30/09/2022 30/09/2021 (x €1,000) Rental income 200.440 168,919 Rental-related charges -998 -1,019 Net rental income 199,442 167,900 Operating charges* -30,744 -26,446 Operating result b
Slide 53: Income Statement
Income Statement Net result EARNINGS PER SHARE: DRIVEN BY STRONG VALUATION INCREASE Consolidated incom e statem ent - analytical form at 30/09/2022 30/09/2021 (x €1,000) EPRA Earnings* 134,470 110,465 Changes in fair value of financial assets and liabilities 124,506 8,185 Changes in fair value of in
Slide 54: Rental income
Rental income (€ m) 220 +20.5 +0.7 200.4 200 +0.9 +8.5 180 168.9 +4.9 160 -4.0 140 120 100 80 19% 60 increase YoY 40 20 Rental Indexation Rent Disposals Deliveries Acquisitions FX impact Rental income renegotiation income Q3 2021 Q3 2022 -54-
Slide 55: Rental income
Rental income (€ m) 220 +1.9 +4.1 200.4 200 +5.7 +4.2 +10.4 +2.0 180 168.9 +3.2 160 140 120 100 80 19% 60 increase YoY 40 20 Rental Belgium Germany Netherlands United Finland Sweden Ireland Rental income Kingdom income Q3 2021 Q3 2022 2.9% rent indexation Change: +6.8% +32.8% +8.8% +15.7% +14.6% +18
Slide 56: EPRA Earnings
EPRA Earnings (€ m) 160 +31.5 140 134.5 -4.3 -1.1 -1.8 -0.1 -0.2 120 110.5 100 80 60 22% increase YoY 40 20 EPRA Rental Operating Financial Tax EPRA Non- EPRA Earnings income costs result earnings of controlling Earnings Q3 2021 associates interests Q3 2022 -56-
Slide 57: Consolidated balance sheet (€ m)
Consolidated balance sheet (€ m) Balance sheet total: €6.1 billion 3,342 2,785 5,644 4,896 2,785 Investment properties 2,6 Equity (incl. assets classified as 58 held for sale) 2,1 2,173 2,515 Other assets included 2,197 Liabilities included 73 in debt ratio in the debt ratio Other assets 277 Other l
Slide 58: Debt-to-assets ratio
Debt-to-assets ratio Financial policy: debt-to-assets ratio <50% 56% 56% 50% 50% Investment capacity*: 44% 41% 37% 43% 42% 43% 42% approx. €890 million before reaching 50% DTA or approx. €270 million before reaching 45% DTA June June March June March June Oct Dec. June Dec Sep Bank covenants stand a
Slide 59: Debt-to-assets ratio
Debt-to-assets ratio €67m €100m €153m €219m €418m €207m €459m €286m €254m rights issue rights issue rights issue rights issue rights issue ABB rights issue ABB ABB Oct 2010 Dec 2012 June 2015 Mar 2017 May 2019 Apr 2020 Oct 2020 Jun 2021 Jun 2022 60% 6.000 50% 5.000 40% 4.000 Over the past 12 years,
Slide 60: Credit facilities
Credit facilities Total financial debt: €2,388 m Credit rating BBB with stable outlook from S&P 4% Investmentcredits Investment credits 8% 5% Investment credits Global 11% 4% 13% 5% 4% Term Term loans Termloans loans 59% bank ICR 7.7x 4% facilities 21% 31% Revolving Revolving loans loans Revolvinglo
Slide 61: Credit facilities
Credit facilities Overview new & refinanced credit facilities YTD ~ €467m €397m new, long term credit facilities ➢ £160m new credit facilities 55% (€255m) of which £110m sustainability linked of these contracted ➢ €100m new & sustainability linked credit facilities bank loans are sustainability link
Slide 62: Credit facilities
Credit facilities LIQUIDITY DEBT MATURITY PROFILE Financial debt Lines Utilisation of which 900 900 Weighted average (in € million) 1 treasury notes 800 800 700 700 debt maturity 31/12/2022 31/12/2023 188 382 188 177 187 11 600 600 500 (excl. CP): 5.1 500 31/12/2024 432 223 - 400 400 years 31/12/202
Slide 63: Credit facilities
Credit facilities Interest rate hedging1 100% 90% 17% 19% 17% 19% 19% 24% 80% 4% 13% 13% 13% 13% 70% 60% 83% of debt hedged 35% 33% 35% 33% 41% 41% by derivatives or 50% fixed rate debt 40% as of 30 September 30% 2022 20% 35% 35% 35% 35% 35% 35% Hedging weighted 10% average maturity : 6.2 years 0% 3
Slide 64: Net asset value
Net asset value DISCOUNT ON 8 NOVEMBER 2022 3% vs NAV at FV excl. IAS 39 7% vs NAV at FV incl. IAS 39 3% vs EPRA NTA Net asset value per share (in €) 30/09/2022 31/12/2021 Net asset value after deduction of dividend 2021, excl. changes 80.71 74.09 in fair value of hedging instruments* Effect of the
Slide 65: EPRA NTA
EPRA NTA (€/share) 90 4.41 3.58 80.57 80 76.05 -3.26 -0.21 70 60 50 40 6% 30 increase YTD 20 10 0 EPRA NTA EPRA result Property value Dividend Other EPRA NTA 31/12/2021 increases 30/09/2022 -65-
Slide 66: Dividend policy
Dividend policy €3.70 / share (gross) DPS guidance for 2022 + 9% compared to previous year Withholding tax: − General rule: 30 % − Reduced to 15 % as healthcare REITs investing more than 80% of its portfolio in residential European healthcare real estate -66-
Slide 67: EPRA
EPRA EPRA METRICS Aedifica is included Key performance indicators according to the EPRA principles in the EPRA indices 30/09/2022 30/09/2021 EPRA Earnings* (in €/share) 3.58 3.22 EPRA Cost Ratio (including direct vacancy costs)* (in %) 16.5% 17.4% EPRA Cost Ratio (excluding direct vacancy costs)* (i
Slide 68: Shares & shareholders
Shares & shareholders Nieuw Heerenhage -68- Heerenveen – Netherlands
Slide 69: Share price since IPO
Share price since IPO Spot Var. (%) 400 Aedifica 78,30 138 375 BEL20 3.616,18 -14 350 325 EPRA Belgium 1.417,09 0 300 275 EPRA Europe 1.530,69 -43 250 225 200 175 150 125 100 75 50 Aedifica: based on the IPO price (€41), adjusted to take into 25 account the rights issues of 2010 (- €1.89), 2012 (- €
Slide 70: Total return since IPO
Total return since IPO 750 725 Return Var. (%) 700 675 Aedifica 149 353 650 625 EPRA Belgium 5.278 0 600 575 550 EPRA Europe 3.652 0 525 500 475 450 425 400 375 350 325 300 275 250 225 200 175 150 125 100 75 50 Aedifica: based on the IPO price (€41), adjusted to take into 25 account the rights issue
Slide 71: Euronext
Euronext Inclusion in the BEL20 In March 2020, Aedifica entered the BEL20, 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 float
Slide 72: Shareholding
Shareholding1 INTERNATIONAL & DIVERSIFIED SHAREHOLDERS BASE1 One shareholder holding more than 5% of the company’s capital 2 1/3 retail shareholders 2/3 institutional shareholders 1 Based on the shareholder identification done based on 31 December 2021 status. 2 A total of 39,855,243 shares are list
Slide 73: Award
Award EPRA EPRA REPORTING: BEST PRACTICES RECOMMENDATIONS (BPR) From 2015 to 2022, Aedifica’s annual financial report was awarded 8 consecutive times the ‘EPRA BPR Gold Award’ From 2020 to 2022, Aedifica received the ‘EPRA sBPR Gold Award‘ for the Sustainability Reports -73-
Slide 74: 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 75: 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 -75- Chief Executive Officer
Slide 76: Organisation & team
Organisation & team INTERNATIONAL TEAM 8 5 Local teams in 6 countries 7 Belgium managing the portfolio Finland and the group’s growth 7 Germany Netherlands International staff of 65 Sweden 121 people of which 29 UK 43 women and 78 men Number of employees per country -76-
Slide 77: Outlook
Outlook Eds Prästgard 1-115 -77- Upplands-Väsby - Sweden
Slide 78: Outlook FY 2022
Outlook FY 2022 €273 million €300 million ~ €800 million Rental income Pipeline deliveries in 2022 Hypothetical new investments of which €450 m cash flow generating <45% £1 = € 1.15 Debt-to-assets ratio Foreign exchange ~ €900 million (end 2022) assumption Cash out during 2022 related to the investm
Slide 79: Outlook
Outlook OBJECTIVE FOR FUTURE GROWTH : EPS GROWTH while maintaining a solid debt-to-asset ratio € / share 7,0 6,5 • Strong fundamental tailwinds 6,0 5,5 remain intact 5,0 4,5 4,23 4,35 4,70 • Enhancing long-term cash flows 4,0 3,74 in healthcare real estate 3,5 3,40 3,70 3,0 2,43 3,15 3,25 3,07 * • E
Slide 80: Conclusion
Conclusion Koy Oulun Siilotie -80- Oulu - Finland
Slide 81: 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 82: Thank you
Thank you INVESTOR RELATIONS ir@aedifica.eu Rue Belliard/Belliardstraat 40 bte 11 1040 Brussels, Belgium -82-
Slide 83: Stefaan Gielens - CEO, Ingrid Daerden - CFO
Stefaan Gielens - Chief Executive Officer Ingrid Daerden - Chief Financial Officer -83-
Slide 84: 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 85: 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 86: Appendix
Appendix Villa Casimir -86- Roermond - Netherlands
Slide 87: Portfolio growth
Portfolio growth Investment programme as of 30 September 2022 INVESTMENT PROGRAMME: €851 MILLION Country Development Rent Rent Development Rent Yield2 projects (in € million) projects1 (in € million) (in € million) (in € million) BE 98 3 Triple net 470 24 5.0% DE 199 9 Double net 377 20 5.4% NL 43 3
Slide 88: Portfolio growth: Pipeline €851 million
Portfolio growth Pipeline: €851 million 0% PRE-LET DEVELOPMENT PROJECTS AND Projects in progress ACQUISITIONS IN 22% PROGRESS Projects subject to outstanding conditions 78% Land reserve -88-
Slide 89: 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 90: 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 -90-
Slide 91: 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 92: 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 93: Notes
fl Notes aedifica | housing with care -93-