Slide 1: Annual Results 2023
ANNUAL RESULTS 2023 REGULATED INFO RMATIO N Brussels, 21 February 2024, 5:40 PM
Slide 2: Table of Contents
TABLE OF CONTENTS CHAPTER 01 Highlights 2023 CHAPTER 02 Activity Report CHAPTER 03 Key financials & Funding CHAPTER 04 Conclusion
Slide 3: Highlights 2023
HIGHLIGHTS 1. 2023
Slide 4: What Nextensa has achieved in 2023
CHA. 01 – HIGHLIGHTS 2023 WHAT NEXTENSA HAS ACHIEVED IN 2023 INVESTMENT PROPERTIES DEVELOPMENT PROJECTS OPERATIONAL EFFICIENCY • Higher rental income (€ 3.1 M) , • To u r & Ta x is : Higher • Decrease in overhead costs a like-for-like rental growth of development result (€ 4.4 M (€ -2.1 M), despite
Slide 5: What Nextensa has achieved in 2023
CHA. 01 – HIGHLIGHTS 2023 WHAT NEXTENSA HAS ACHIEVED IN 2023 ACTIVE FINANCIAL MANAGEMENT NET RESULT OPERATIONAL RESULT € 24.49M or € 2.45 per Average cost of funding : 2.67% share, lower than the exceptional Excluding revalution results, 2022 result of € 71,3 M result is gains on sales of investment
Slide 6: What Nextensa has achieved in 2023
CHA. 01 – HIGHLIGHTS 2023 WHAT NEXTENSA HAS ACHIEVED IN 2023 DIVIDEND PORTFOLIO • € 1,50 per share or 43% of • Sale of the retail property in the “recurring cash result” Foetz at fair value (€ 9.2 M) in February 2024. • Possibility for an optional dividend • CLEAR CHOICE FOR A FOSSIL-FREE PORTFOLIO
Slide 7: Nextensa stands for
CHA. 01 – HIGHLIGHTS 2023 NEXTENSA STANDS FOR Unlocking the Toward a more hidden values sustainable future Building the future and reshaping cities Luxembourg is key Austria retail
Slide 8: Activity Report
Activity 2. Report
Slide 9: Building the future and reshaping cities
BUILDING THE FUTURE AND RESHAPING CITIES
Slide 10: Tour & Taxis
CHA. 02 – Activity report TOUR & TAXIS 5-minutes neighbourhood Excellence in sustainability Mix-city of functions : work, shop, live, do , relax A place you prefer
Slide 11: Pioneer in repurposing our way of living, working, meeting, relaxing & shopping
PARKLANE HERMAN GARE MAISON BRUSSELS TEIRLINCK MARITIME DE LA SHEDS ROYAL ENVIRONMEN POSTE DEPOT T HOTEL DES DOUANES Pioneer in repurposing our way of living, working, meeting, relaxing & shopping
Slide 12: A place for qualitative shopping
CHA. 02 – Activity report A place for Gare Maritime : qualitative new leases were signed in 2023 shopping for a total of 4,045 sqm. Retail occupancy • Fitness centre Fyzix (720 sqm) • ACM Insurance (254 sqm) 72 % 74% • • Silence Mobility (127 sqm) The bookstore Slumberland BD World (400 sqm) • La Ga
Slide 13: A place for qualitative shopping
A place for CHA. 02 – Activity report qualitative shopping
Slide 14: Gare Maritime, Depôt des Colis, Royal Depot: new leases signed
CHA. 02 – Activity report Gare Maritime, Depôt des Colis, A high-impact Royal Depot: new leases were workplace signed Office occupancy • Real estate agent Dewaele (319 sqm) • • Febelgen (263 sqm) Sony Music Belgium (558 sqm) 92,19 % • Eyes-Screen (297 sqm) 74% • 87 Seconds (462 sqm) Moreover • Some
Slide 15: A place to meet and enjoy
CHA. 02 – Activity report A place to Gare Maritime, Maison de la poste & meet and enjoy Sheds :Temporary and permanent events Higher • Major events such as Sculptura, the Affordable Art Fair, the World Padel Tour Antica, Hangar occupancy took place of event spaces • Sheds : permanent occupation by s
Slide 16: Food Market
CHA. 02 – Activity report Food Market • 10 concepts and unique bar experience in an iconic Number of visitors location , the Gare Maritime • Culinary experience and activities and events of all 1,500/day types
Slide 17: Nextoffices Hôtel des Douanes
CHA. 02 – Activity report • The commercialisation of this building is Nextoffices ongoing By Nextensa • This multi-or single-tenant building will soon accommodate 6,500 sqm of offices and meeting rooms and will once again Hôtel des Douanes become a paragon of sustainability 6,433 sqm • Goal of the r
Slide 18: Park Lane II
CHA. 02 – Activity report High-quality housing • The Sales of the second phase of the Park Lane project (346 units) continue to run Park Lane II on a rhythm of 2,98/week 64 % = 222 units • Imperial building sold to Quares Sold or Reserved Residential Investment • First deliveries by the end of 2024.
Slide 19: Buyers' profiles
Buyers' profiles Park Lane I Park Lane II 4 8 44 35 52 57 NL FR ENG NL FR ENG Investeerders (*) : 47 % Eigen bewoning : 53 % Investeerders : 40 % Eigen bewoning : 60 % Gemiddelde leeftijd : 39 Gemiddelde leeftijd : 43 (*) 13 eenheden Imperial (Quares) inbegrepen 22
Slide 20: Lake Side
CHA. 02 – Activity report Urban • The Lake Side project, the final phase of the transformation urban transformation on the Tour & Taxis site • Development of some 140,000 sqm, with a largely residential programme, good for around Lake Side 800 new homes, as well as 37,000 sqm of offices, 2,800 sqm o
Slide 21: Masterplan Lake Side
MASTERP Lake Side Offices | ay Commercial program and public facilities
Slide 22: Parking Esplanade & Park Lane visitor revenues
A.6. Parking - Esplanade/Park Lane Parking Esplanade & Park Lane Visitor revenues €140.000,00 €120.000,00 €100.000,00 €80.000,00 €60.000,00 €40.000,00 €20.000,00 €- 25 Parking Esplanade Revenues Parking Park Lane Revenues
Slide 23: Cloche d'Or
CHA. 02 – Activity report CLOCHE D’OR A new urban district in Luxembourg City Mix-city of functions : work, shop, live, do , relax A place you prefer
Slide 24: Cloche d'Or: evolution of a district
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Slide 25: Cloche d'Or – Office Buildings
Cloche d’Or – Office Buildings Darwin II White House & Emerald
Slide 26: Cloche d'Or – Office Buildings
CHA. 02 – Activity report Cloche d’Or – Office Buildings
Slide 27: Cloche d'Or - Residential developments
Cloche d’Or - Residential developments D- 10 D -5 D- Nord D - Sud
Slide 28: Cloche d'Or - Residential developments
CHA. 02 – Activity report Cloche d’Or - Residential developments
Slide 29: Investing in the future
INVESTING IN THE FUTURE nextensa-:
Slide 30: Hygge
CHA. 02 – Activity report Hygge New • Montimmo rebranded as ‘Hygge’ (Avenue Monterey 35) Sustainable • New identity after a renovation and upgrading. • Total area of 1,600 sqm : 7 floors , 15 underground Office parking spaces 74% • 5 floors let : total approx. 1,068 sqm
Slide 31: Work & Fly / The Moonar office park
CHA. 02 – Activity report Work & Fly The Moonar office park 69 % • 5 buildings (22,000 sqm) has been leased • buildings ‘D’ (3,546 m²) and ‘B’ (3,620 m²) were delivered • Redevelopment will be completed during 2024 • Facilities : a library, a gym, a coffee corner, meeting rooms • Prime rent of EUR 3
Slide 32: TreeMont
CHA. 02 – Activity report TreeMont The Next Monteco! New • Carbon-neutral wooden office building (2,800 sqm) • The permit application : complete Sustainable • Use of energy-efficient systems, preservation and reuse of part of the existing structure, a new wooden Office structure 74% • Aligned with t
Slide 33: MonTree
CHA. 02 – Activity report MonTree New • The permit application for the new building Sustainable ‘MonTree (the redevelopment of the office buildings located at 18 + 20 Avenue Monterey) : Office in full preparation 74% • Surface area of 4, 200 sqm • New CO2-neutral office building in wood following th
Slide 34: Towards a more sustainable future
TOWARDS A MORE SUSTAINABLE FUTURE
Slide 35: The Monteco office building awards
CHA. 02 – Activity report TOWARDS A MORE SUSTAINABLE FUTURE The Monteco office building : •Public’s prize in the Belgian edition of the Green Solutions Awards 2022-2023 in the ‘Building’ category. •MIPIM awards 2024 in the Best Office & Business Project category.
Slide 36: Renewable energy in the investment portfolio
CHA. 02 – Activity report TOWARDS A MORE SUSTAINABLE FUTURE Renewable energy in the investment portfolio: • The total number of solar panels on the roofs : 26,904 (+ 2,311 panels) accounting for 8,898 • An average of 7,500 MWh of green electricity will be generated annually, the equivalent consumpti
Slide 37: Mobile solar farm at Tour & Taxis
CHA. 02 – Activity report TOWARDS A MORE SUSTAINABLE FUTURE •A 425-kWp (780-panel) mobile solar farm was installed at Tour & Taxis to power the site of Park Lane phase II •Residents on Park Lane enjoy locally generated electricity by joining a new energy community
Slide 38: Additional charging infrastructure
CHA. 02 – Activity report TOWARDS A MORE SUSTAINABLE FUTURE Additional charging infrastructure: •153 additional charging point •The total in the Nextensa portfolio : 279 charging points. •In Belgium, 537 MWh was charged at these charging points, or a reduction of 715.5 tonnes of CO2.
Slide 39: Knauf Schmiede
CHA. 02 – Activity report Knauf Schmiede • Increase in visitor numbers of 10.32% • New catering concept : a Grand Café and a Food Village 2M 800 seats Visitors • The additional rental income : from the 8 new shops in the extension (+10%)
Slide 40: Knauf Pommerloch
CHA. 02 – Activity report Knauf Pommerloch 100 % Welcomed more than 2.4 M visitors An all-time high in the center’s history let
Slide 41: Austria Retail
AUSTRIA RETAIL nextensa-:
Slide 42: Retail parks
CHA. 02 – Activity report 5 Retail parks In 2023, the renovation of the Vösendorf 16 Occupancy rate retail park : completed. In the last quarter 100 % of 2023, the last tenants moved into the renovated spaces. This had a positive impact on the Austrian rental income. • Several lease renewals and new
Slide 43: Key Financials
KEY 3. FINANCIALS
Slide 44: Key Performance Indicators
CHA. 03 – Key Financials KEY PERFORMANCE INDICATORS
Slide 45: Key Performance Indicators
CHA. 03 – Key Financials KEY PERFORMANCE INDICATORS The NAV per 31 December 2023 amounts to 83.86 EUR/share while the closing rate end December 2023 amounts to 48.85 EUR/share. This means a discount of 41 % compared to the NAV.
Slide 46: KPIs of our investment portfolio
CHA. 03 – KPI’s of our investment portfolio Fair value of portfolio increased from € 1,28 billion to € 1,30 billion Rental income up by € 3,1 M: - + € 8,0 M like for like rental growth - - € 4,6 M due to sale of buildings - Like-for-like rental growth of 12% Property charges down by 6% Realized gain
Slide 47: Other KPIs
CHA. 03 – Other KPI’s Result of development activities (+ € 18,1 M) • Tour & Taxis (€ 4,4 M): profit recognized on Parklane Phase II. • Cloche d'Or (€ 13,8 M) main sub projects contributing to the result of 2023: • White House – office building for which the construction started in Q2 2022, delivery
Slide 48: Funding
CHA. 03 – K E Y F I N A N C I A L S FUNDING Net financial position of € 786,8 M at the end of December 2023 compared to € 721,5 M at the end of 2022. Financial debt ratio is 44,80% (42,56% per 31/12/2022) The hedge ratio amounts to 79% The headroom amounts to 88€ Million (Optional) dividend of € 1,5
Slide 49: Consolidated Income Statement
CHA. 03 – K E Y F I N A N C I A L S CONSOLIDATED INCOME STATEMENT
Slide 50: Consolidated Balance Sheet
CHA. 03 – K E Y F I N A N C I A L S CONSOLIDATED BALANCE SHEET
Slide 51: Where we are: the translation of our futuristic vision
CHA. 03 – KEY FINANCIALS Where we are : the translation of our futuristic vision INVESTMENTS PROJECT DEVELOPMENT PARTICIPATION Number of IN CONSTRUCTION PERMITS ACQUIRED IN STUDY Retail Estates 31 buildings 1 351 320 Residential m2 shares 468 584 Value 36 520 33 766 N/A 32 401 93 000 12 000 €87,3 mi
Slide 52: About Nextensa / For more information
ABO UT NEXTENSA Nextensa is a mixed-use real estate investor and developer. The company’s investment portfolio is divided between the Grand Duchy of Luxembourg (43%), Belgium (42%) and Austria (15%); its total value as at 31/12/2023 was approximately € 1.3 billion. Fo r m o re in fo rma t io n Tim R