Slide 1: Annual Results Investors Presentation
ANNUAL RESULTS INVESTORS PRESENTATION 2023 Year Results 2024 14/02/’25 REGULATED INFORMATION Brussels, 21 February 2024, 5:40 PM REGULATED INFORMATION
Slide 2: Table of Contents
TABLE OF CONTENTS CHAPTER 01 Highlights 2024 CHAPTER 02 Activity Report CHAPTER 03 Key financials & Funding CHAPTER 04 Conclusion
Slide 3: Bold Choices for Future-Proof Real Estate
13/02/2024 BREAKING NEWS !!! BOLD CHOICES FOR FUTURE-PROOF REAL ESTATE
Slide 4: Breaking News: Bold Choices for Future-Proof Real Estate
BREAKING NEWS !!! BOLD CHOICES FOR FUTURE-PROOF REAL ESTATE Debt ratio 39,71% Sustainable Investment
Slide 5: Nextensa's Strategy
Balancing Nextensa’s Hybrid model Nextensa’s Strategy Strong focus on future-proof ESG projects Surprising Positively
Slide 6: Key Figures 2024 vs 2023
KEY FIGURES 2024 vs 2023 A year of Evolution Net Result Debt Ratio - € 10.8M vs 24.5M 45.39% vs 44.80% / vs 39,71% today Rental Income Development Contribution € 72.2M vs € 70.5M €14.7 M vs € 17.1M Financing Cost Net Financial Debt 2.86 % vs 2.67% € 763 M vs €787 M
Slide 7: Key Activities 2024
7 KEY ACTIVITIES 2024
Slide 8: Key Activities 2024
8 KEY ACTIVITIES 2024 TOUR & TAXIS Strong Performance Rental Income Sales Residentials Preferred Bidder Proximus Lake Side
Slide 9: Key Activities 2024
9 KEY ACTIVITIES 2024 TOUR & TAXIS LUXEMBOURG Strong Cloche d’Or Performance The Stairs Rental Income Sales Residentials Preferred Bidder Proximus Lake Side Moonar
Slide 10: Key Activities 2024
0 KEY ACTIVITIES 2024 TOUR & TAXIS LUXEMBOURG AUSTRIA Strong Cloche d’Or Solid Performance Performance The Stairs Rental Income Sales Residentials Preferred Bidder Proximus Lake Side Moonar
Slide 11: Key Activities 2024
1 KEY ACTIVITIES 2024 TOUR & TAXIS LUXEMBOURG AUSTRIA OFFICE SALES Strong Cloche d’Or Solid Performance Hygge Performance The Stairs Rental Income Sales Residentials Preferred Bidder Proximus Foetz Lake Side Moonar
Slide 12: Key Activities 2024
2 KEY ACTIVITIES 2024 TOUR & TAXIS LUXEMBOURG AUSTRIA OFFICE SALES RETAIL SALES Strong Cloche d’Or Solid Performance Hygge Brixton Performance The Stairs Rental Income Knauf Sales Residentials Pommerloch Preferred Bidder Proximus Foetz Lake Side Moonar Knauf Schmiede
Slide 13: Building the Future and Reshaping Cities
BUILDING THE FUTURE AND RESHAPING CITIES
Slide 14: Tour & Taxis
CHA. 02 – Activity report TOUR & TAXIS 5-minutes neighbourhood Excellence in sustainability Mix-city of functions : work, shop, live, do ,relax
Slide 15: Retail Occupancy
CHA. 02 – Activity report A diverse offer of services Retail Occupancy 86% • Expansion: Fyzix (Fitness Center) - Mecabike (Bike Shop & Bicycle Repair) • New Contracts: Monsieur Fleur (Floral Shop) – SKWD (Employment Agency) - Correspondance (Restaurant) – Proxy Delhaize (Food Retailer)
Slide 16: Higher Events Rental Income
CHA. 02 – Activity report A place to meet and enjoy Higher Events Rental Income +39% • +39% FY • Events: Titanic, Harry Potter • Fixed Tenant: Bubble Planet 2023 2024 +12,7% • +12,7% FY 24 vs 23 2023 2024
Slide 17: A year full of events organised by Tour & Taxis
CHA. 02 – Activity report T&T Community A year full of Events organised by Tour & Taxis • Easter hunt • Summer of • Drink to tenants • Activation retailers • Halloween fair • Sinterklaas • Action Solidaire Shoebox • Winter Off • Kids Winter Wonderland
Slide 18: Growing Visitors Reflected in Food Market & Parking Income
CHA. 02 – Activity report Growing Visitors directly reflected in growing Food Market & Parking Income Food Market Growth Visitors Parking Earnings YoY Growth Inbev TO Esplanade +17% Park Lane +17% +9,5% +13% Parking 2022 2023 2024
Slide 19: Stable Office Occupancy
CHA. 02 – Activity report Stable Office Occupany A high-impact workplace 88% 0 New Leases: Stable Guberna Dewil Architecten
Slide 20: Park Lane I & Park Lane II
CHA. 02 – Activity report High-quality housing Park Lane I 100% • Sold out (1 penthouse left) • Retail ground floor fully occupied Park Lane II • 297 of 346 units sold or reserved • Imperial & Newport delivered in Q4 ‘24 • Final delivery: Q2 ‘25 86%
Slide 21: Lake Side Urban Transformation
CHA. 02 – Activity report Lake Side Urban transformation 140,000 sqm Status at present: • Public enquiry: Feb 5th to 8th of March ‘25 • Consultation committee on 18th of March ‘25 • Q3 ‘25: target permit & start construction
Slide 22: Game Changer: Preferred HQ Campus for Proximus
TOUR & TAXIS Press release 22/01/’25 AS THE PREFERED Negotiations with Proximus for move to Tour & Taxis enter final stage HQ CAMPUS FOR PROXIMUS Game Changer • If the process closes well, Nextensa will host 12.000 Proximus employees at the Tour & Taxis site as of mid 2027. • In a first phase in a t
Slide 23: Treebune
TREEBUNE
Slide 24: Treebune
TREEBUNE
Slide 25: Treebune
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Slide 26: Towers
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Slide 27: Towers
LONG TERM PROPOSAL (3tal SLIDES) - TREEBUNE - TOWERS - HDD TOWERS
Slide 28: 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
Slide 29: Development contribution to 2024 results
The development of both office and residential projects make a positive contribution of €6.2 M to the 2024 results. CLOCHE D’OR Pioneer in repurposing our way of living, working, meeting, relaxing & shopping
Slide 30: Cloche d'Or – Offices Stairs
CHA. 02 – Activity report Cloche d’Or – Offices Stairs Forward Sale • 12 Floors office builing in to an International Corporate front of shopping center 9.700sqm • Breeam Outstanding and WELL Gold certification € 107.5 M • 2nd largest transaction on Lux market in ’24 • Delivery Q2 ‘26
Slide 31: Cloche d'Or – Offices
CHA. 02 – Activity report Cloche d’Or – Offices Emerald White House
Slide 32: Cloche d'Or – Residential developments
CHA. 02 – Activity report D-10 D-5 Cloche d’Or – Residential developments D-Nord • 27 Appartments sold/ reserved of 92 VEFA in H1 ‘23 D -5 • D-Nord: 188/194 units reserved/sold 10 Innovative and • D-5 & 10: 116/136 units reserved/ sold 92% Sustainable D - Sud • Delivery Phase 1: Q4 ‘24 living • B&B
Slide 33: Portfolio Highlights
PORTFOLIO HIGHLIGHTS
Slide 34: Hygge: Successful Sale
CHA. 02 – Activity report Hygge Successful sale Luxembourg • Sold at €22,8 M with a capital gain €1,6 M @ 4,5% yield, initially developed in 2009 at investment of €9 M • Returned to the Luxembourg market in ‘23 with a new identity after a short period of renovation and €1.6 M upgrading: 1.600 sqm sp
Slide 35: Brixton Retail Park: Historic Sale
CHA. 02 – Activity report Brixton Historic sale Retail Park • Sale of Brixton Retail Park in Zaventem, Belgium, completed in December 2024. €41 M • Sold to private investors for approximately €41 million (net price) – 6.05% avg exit yield Net price • Total area: 15,072 m². • Consistently strong inve
Slide 36: Moonar: Creating Value through Renovation
CHA. 02 – Activity Report Moonar Luxembourg Creating value through innovative renovation and upgrading • Innovative renovation of Office Complex near Luxembourg airport (21.500 sqm) • Prime rent in Lux Airport area • (€31/ sqm per month) • ‘BREEAM In-Use Very Good’ certification • 80% leased (incl.
Slide 37: Austria Retail Parks
CHA. 02 – Activity report Austria Retail Park Austria Nordring 16-18, Vösendorf • Stable diversification Occupancy Rate • 5 Retail Parks 100% • Occupancy rate remains consistently at 100% Gewerbepark,Stadlau • Various lease renewals and new leases: - A new Smyths Toys shop opened in March ’24 in Vös
Slide 38: Project Development
PROJECT DEVELOPMENT PLACES YOU PREFER
Slide 39: Sustainable Office: Montree
CHA. 02 – Activity report New Sustainable Office Montree • Wood Frame Construction Luxembourg • Carbon Neutral • Target Certification: BREEAM Excellent Rue MONterey & TREE Status • Aug ‘24: The Permit Application is in full preparation and will be submitted • Target Permit: Est. April ‘25 • Expected
Slide 40: Sustainable Office: Treemont
New Sustainable Office CHA. 02 – Activity report • Wood Frame Construction • Carbon Neutral • Target Certification: BREEAM Excellent Treemont From TREE to MONToyer Brussels Status • May - Sept ‘24: Modification of the project following negative advice of the consultation commission • Sept ‘24: Renew
Slide 41: Iconic Buildings: Bel Towers
CHA. 02 – Activity report Iconic buildings Bel Towers • Three office buildings of 106.000 sq m Brussels • New project with mixed functions • Project in line with sustainable vision of Nextensa • A new place you prefer
Slide 42: Key Performance Indicators
CHA. 3 – Key Financials KEY PERFORMANCE INDICATORS
Slide 43: Key Performance Indicators: NAV vs Share Price
CHA. 03 – Key Financials KEY PERFORMANCE INDICATORS The NAV per 31 December 2024 amounts to 79,88 EUR/share while the closing rate per end December 2024 amounts to 42,85 EUR/share. This means a discount of 46% compared to the NAV. Share price Nextensa NAV Nextensa (fair value)
Slide 44: KPIs of Our Investment Portfolio
CHA. 03 – KPI’s of our investment portfolio Fair value of portfolio decreased from € 1,30 billion to € 1,25 billion Rental income up by € 1,7 M: - + € 3,2 M like for like rental growth - - € 1,3 M due to sale of buildings - Like-for-like rental growth of 4,65% Realized gain on sale of € 3,5 M
Slide 45: Other KPIs: Development Result
CHA. 03 – Other KPI’s Result of development activities (+ € 14,7 M) • Tour & Taxis (€ 5,1 M): profit recognized on Parklane Phase II. • Cloche d'Or (€ 9,6 M) main sub projects contributing to the result of 2024: • Ilot D-5 & D-10 – residential 110 apartments reserved or sold out of a total of 185 •
Slide 46: Funding
CHA. 03 – K E Y F I N A N C I A L S FUNDING Net financial position of € 763,0 M at the end of December 2024 compared to € 786,8 M at the end of 2023 Financial debt ratio is 45,39% (44,80% per 31/12/2023) The hedge ratio amounts to 61% The headroom amounts to 50€ Million
Slide 47: Consolidated Income Statement
CHA. 03 – K E Y F I N A N C I A L S CONSOLIDATED INCOME STATEMENT
Slide 48: Consolidated Balance Sheet
CHA. 03 – K E Y F I N A N C I A L S CONSOLIDATED BALANCE SHEET
Slide 49: Where We Are: Translation of Our Vision
Where we are : the translation of our futuristic vision INVESTMENTS PROJECT DEVELOPMENT PARTICIPATION Number of IN CONSTRUCTION PERMITS ACQUIRED IN STUDY Retail Estates 28 buildings 1 351 320 Residential shares m2 447 487 Value 36 520 15 184 N/A 32 401 93 000 12 000 €80,1 mio Fair value €1,215 billi
Slide 50: To Summarize
CHA. 04 – Conclusion TO SUMMARIZE One-time Net Loss for 2024 to reinforce the balance sheet Creating financial oxygen to launch 2 major innovative projects No dividend Increasing operational result on investment properties Financial costs kept under control through hedging policy
Slide 51: Investors Relations Contact
INVESTORS RELATIONS CONTACT HQ: Gare Maritime Picardstraat 11 box B505 BE- 1000 Brussels +32 2 882 10 00 info@nextensa.eu investor.relations@nextensa.eu www.nextensa.eu MICHEL VAN GEYTE CHIEF EXECUTIVE OFFICER RPR: 0436.323.915 (Brussels) ISIN code BE0003770840 +32 2 882 10 05 LEI 549300BPHBCHEODTG6