Deutsche Euroshop Ag · XETR:DEQ

Deutsche Euroshop — Deutsche Euroshop Ag Akt — 9M 2023 Earnings Presentation

15 slides from Deutsche Euroshop's earnings presentation, Nov 15, 2023

  1. Slide 1: Conference Call 9M Report 2023 – Destination: Shopping

    CONFERENCE CALL 9M REPORT 2023 15 NOVEMBER 2023 DESTINATION: SHOPPING

  2. Slide 2: Update on Business Activities 9M 2023 – Summary

    CONFERENCE CALL - QUARTERLY STATEMENT 9M 2023 | 15 NOVEMBER 2023 Update on Business Activities 9M 2023 – Summary BUSINESS DEVELOPMENT  Strong comeback of operational business – Encouraging increase of footfall (+11.0%) and retail sales (+7.4%) compared to 9M 2022 – Retail sales above 2019 levels 

  3. Slide 3: Update on Business Activities 9M 2023 – Summary (Financing and Liquidity)

    CONFERENCE CALL - QUARTERLY STATEMENT 9M 2023 | 15 NOVEMBER 2023 Update on Business Activities 9M 2023 – Summary FINANCING AND LIQUIDITY  Low LTV of 32.4% and strong cash position of €280.6m  Steady funding situation with long-term financing partners  Regular follow-on financings 2023 completed,

  4. Slide 4: Development of Retail Turnover and Footfall

    CONFERENCE CALL - QUARTERLY STATEMENT 9M 2023 | 15 NOVEMBER 2023 Development of Retail Turnover1 and Footfall Development of retail turnover and footfall compared to previous year Q4 2022 Q1 2023 Q2 2023 Q3 2023 Footfall Turnover Footfall Turnover Footfall Turnover Footfall Turnover Footfall Turnove

  5. Slide 5: Revenues – continuing upward trend

    CONFERENCE CALL - QUARTERLY STATEMENT 9M 2023 | 15 NOVEMBER 2023 Revenues – continuing upward trend Revenue in € million 197.51 203.2  Revenues increase by €5.7m to €203.2m (pro forma +2.9%) 38.8  Essentially due to higher inflation-related index adjustments 158.7 and higher turnover rents +2.9% 9

  6. Slide 6: EBT – significant increase, positively influenced by one-off income

    CONFERENCE CALL - QUARTERLY STATEMENT 9M 2023 | 15 NOVEMBER 2023 EBT1 – significant increase, positively influenced by one-off income EBT1  EBT (excl. valuation) above previous year pro forma +24.1% 135.4 in € million (€+26.3m) due to income from the reversal of provisions for 109.12 non-allocable

  7. Slide 7: Funds From Operations (FFO) – substantial upturn compared to previous year

    CONFERENCE CALL - QUARTERLY STATEMENT 9M 2023 | 15 NOVEMBER 2023 Funds From Operations (FFO) – substantial upturn compared to previous year FFO  FFO increased from €111.0m to €129.7m due to in € million 129.7 higher operating results 111.01 (per share in €)  FFO per share increased from €1.49 to €

  8. Slide 8: Balance Sheet – Solid and Robust Structure

    CONFERENCE CALL - QUARTERLY STATEMENT 9M 2023 | 15 NOVEMBER 2023 Balance Sheet – Solid and Robust Structure Balance sheet structure  Equity ratio stands at a solid 55.2% in € million  LTV to 32.4% (EPRA LTV 34.1%3)  Group liquidity: €280.6m (€-54.4m) 4,552.2 4,552.2 4,208.1 4,208.1 327.9 72.5 382

  9. Slide 9: Interest Rate Structure

    CONFERENCE CALL - QUARTERLY STATEMENT 9M 2023 | 15 NOVEMBER 2023 Interest Rate Structure1,2 Due Principle amounts Share of Avg. Interest Lockin (years) (€ million) total Loan interest Rate 2024 0  14 German and 4 foreign bank partners 2025 2.4 61.7 3.8% 2.06% 2026 – 2027 3.6 588.2 36.1% 2.39%  Wei

  10. Slide 10: Main-Taunus-Zentrum: Foodgarden

    CONFERENCE CALL - QUARTERLY STATEMENT 9M 2023 | 15 NOVEMBER 2023 Main-Taunus-Zentrum: “Foodgarden”  Major investment in DES’ portfolio  Approx. €28 million total investment for the strategic advancement of the center  Almost completely pre-let, high-quality tenant structure  Construction work ha

  11. Slide 11: Rhein-Neckar-Zentrum: Retailtainment & Casual Dining

    CONFERENCE CALL - QUARTERLY STATEMENT 9M 2023 | 15 NOVEMBER 2023 Rhein-Neckar-Zentrum: Retailtainment & Casual Dining  New modern, free-standing restaurant building with attractive outdoor terraces, operated by L'Osteria  Three new tenants will move into the property of a former DIY store by mid-2

  12. Slide 12: Promising New Tenants

    CONFERENCE CALL - QUARTERLY STATEMENT 9M 2023 | 15 NOVEMBER 2023 Promising New Tenants  DES plays an active role in promoting the settlement of promising new tenants  An example worth highlighting is Pepco: − The European retailer has moved into various spaces left vacant following the insolvency

  13. Slide 13: Forecast

    CONFERENCE CALL - QUARTERLY STATEMENT 9M 2023 | 15 NOVEMBER 2023 Forecast  2023 as first year without Covid-related restrictions since 2019 FFO per share Result Goal1  Continued improvement of operational business expected Result 2.11 2.08–2.18 1.98  Further investments in competitiveness of our

  14. Slide 14: Financial Calendar

    CONFERENCE CALL - QUARTERLY STATEMENT 9M 2023 | 15 NOVEMBER 2023 Financial Calendar 2023 14.11. Quarterly Statement 9M 2023 Kepler Cheuvreux UniCredit Pan-European Real Estate 16.11. Conference, London 2024 15.-16.01. ODDO BHF Forum (virtual) Kepler Cheuvreux UniCredit German Corporate Conference, 1

  15. Slide 15: Contact

    CONFERENCE CALL - QUARTERLY STATEMENT 9M 2023 | 15 NOVEMBER 2023 Contact Deutsche EuroShop AG instagram.com/deutscheeuroshop Investor & Public Relations youtube.com/DeutscheEuroShop Heegbarg 36 facebook.com/euroshop 22391 Hamburg slideshare.net/desag Tel. +49 (40) 41 35 79 – 20/– 22 twitter.com/des_

Deutsche Euroshop Ag Akt — 9M 2023 Earnings Presentation on 6ix