Slide 1: CTP N.V. Financial Highlights Q3-2022
CTP N.V. Financial Highlights Q3-2022 9 November 2022 Parkmakers
Slide 2: Summary KPIs
SUMMARY KPIs Q3-2022: Delivering on our ambitious plan Financial highlights Operational highlights €566m €596m 95% (+39.1% vs. Q3-2021) (+87.5% vs. Q3-2021) 6.5 yrs Occupancy WAULT Next 12 months’ contracted Profit after tax revenues1 €194m (+35.2% vs. Q3-2021) €0.45 (+18.6% vs. Q3-2021) €80.9m 4.3%
Slide 3: CTP is active in 10 countries across Western Europe and CEE
CTP is active in 10 countries across Western Europe and CEE Core Markets Expanding Markets >640 CTP FTE's 9.9m WE Markets sqm GLA (owned) PORTFOLIO VALUE BY COUNTRY (%) €11.0bn NL AT DE 4.2% 0.7% SL BG 8.3% 0.1% 1.3% RS 2.2% PL GAV 3.8% €11.0bn 40MWp SK 6.8% GAV CZ HU 49.2% 9.1% Installed PV 1 RO 14
Slide 4: Update on Western European markets
WESTERN EUROPE Update on Western European markets ✓ Expansion into Western Europe is instrumental to the Group’s pan-European strategy, allowing CTP to grow with its tenants and offer an integrated park network from the North Sea to the Black Sea. ✓ Austria: Stepped up development, with four buildin
Slide 5: Strong and diversified international client base
TOP 50 CLIENTS Strong and diversified international client base TOP 50 DHL % of Total GLA 2.4% % of Total GRI 2.3% Properties 21 Countries 3 Low operational and financial risk Quehenberger Yanfeng 1.8% 1.6% 1.1% 2.0% 12 7 3 3 Loxxess 1.3% 1.8% 4 1 Raben 1.2% 1.0% 12 6 DSV 1.2% 1.1% 9 3 TOP 50 CLIENT
Slide 6: CTP's long-lasting tenant relations drive operational results
CLIENTS CTP’s long-lasting tenant relations drive operational results Occupancy 1 (%) 96.2% 91% 95.4% 95.1% 94.7% 94.8% 94.6% Tenant retention 93.5% Q1-2021 Q2-2021 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q3-2022 CTP’s market share in core markets2 (%) 27.5% 27.7% 27.5% 27.4% 908,000 25.4% 24.9% 24.0% SQM l
Slide 7: Strong leasing activity in Q3 – with leases signed above ERVs
LEASING Strong leasing activity in Q3 – with leases signed above ERVs Leases signed – rent breakdown (€m) H1-2022 YTD-2022 Take-up of existing space 19.8 33.8 Other rental movements (rent reviews, renewals) 5.6 12.2 New leases in Q3: +6.2% vs. ERV Take-up of pre-let developments completed in the yea
Slide 8: Consistent revenue growth
INCOME Consistent revenue growth Next 12 months’ revenue growth 1 (€ million) 39% GROWTH 1. Rent roll including service charge income (Base rent + other rental income + extras for above standard technical improvement + services –rent free) NB: Figures may not add up due to rounding 8
Slide 9: Pipeline driving growth
PIPELINE Pipeline driving growth Q3 deliveries Pipeline 0.3m sqm 1.2m sqm Under construction 10.1% YoC 96% Leased 0.8m sqm 0.5m sqm Q4-2022 deliveries 2023 deliveries 48% 1 Pre-let 2022 deliveries €17m Contracted rental income €76m Potential rental income 80-90% Expected pre-let at delivery 1. 62% e
Slide 10: Growth plan on track to reach 20 million sqm in 2025
GROWTH Growth plan on track to reach 20 million sqm in 202X Standing portfolio Deliveries Million sqm - owned Million sqm 12 1.5 9.9 10 7.6 0.8 8 1.0 0.9 expected 5.9 Q4-2022 6 deliveries 0.6 4 0.5 0.5 2 0 0.0 2020 2021 YTD 2022 2020 2021 YTD 2022 Acquisitions Landbank Million sqm Million sqm 3 25 2
Slide 11: Financial highlights
Financial highlights 11
Slide 12: Financial highlights
HIGHLIGHTS Financial highlights YTD to 30 YTD to 30 1 July to 30 1 July to 30 Sept. 2022 Sept. 2021 Increase (%) Sept. 2022 Sept. 2021 Increase (%) (€m) (€m) (€m) (€m) Net Rental Income 328.2 239.9 +36.8% 116.7 79.6 +46.7% Net valuation result on investment property1 558.1 265.2 +110.4% 59.1 119.6 -
Slide 13: Rental growth and pipeline drive YTD valuation results
VALUATION Rental growth and pipeline drive YTD valuation results investment Property and Investment Property under Development (IPuD) Revaluation (YTD) (€ million) (€ million) 12,000 814 10,000 1,112 527 8,000 774 6,000 4,000 2,000 7,048 8,967 - 31 December 2021 30 September 2022 Like-for-like Devel
Slide 14: Low average cost of debt and favourable maturity profile
FUNDING Low average cost of debt and favourable maturity profile Conservative residual maturity of debt Cost of debt (€ million due in following years) (%) 1,800 3.0% Q2 2022 Q3 2022 5.9 yrs 1,600 1,563 2.5% 1,498 1,466 2.5% 1,400 2.1% AVG DEBT MATURITY 2.0% 1,200 2.0% 1,092 1,031 1,000 1.4% 1.5% 1.
Slide 15: Solid liquidity and access to credit markets
FUNDING Solid liquidity and access to credit markets €1.15bn €4.8x Strong relationships with lenders ✓ In September CTP obtained a €400 AVAILABLE LIQUIDITY INTEREST COVERAGE million extension of a secured loan facility from a consortium of Czech banks 70% 45.0% ✓ 9-year maturity ✓ Spread below 200bp
Slide 16: Outlook
OUTLOOK Outlook ✓ Occupier demand remains strong – as illustrated by the increased occupancy – supported by structural tail winds like nearshoring / friend-shoring, especially in CEE markets ✓ Strong cash-flow generating portfolio: ✓ indexation and reversionary potential driving like-for-like growth
Slide 17: Appendices
Appendices 17
Slide 18: EPRA EPS
EPRA EPRA EPS YTD to 30 YTD to 30 EPRA Earnings Sept 2022 Sept 2021 (€m) (€m) Earnings per IFRS income statement 601,786 317,780 Adjustments to calculate EPRA Earnings, exclude: Changes in value of investment properties, development properties held for investment and other interests 558,138 265,232
Slide 19: EPRA NAV
EPRA EPRA NAV EPRA Net Asset Value Metrics EPRA NTA EPRA NRV EPRA NDV EPRA NTA EPRA NRV EPRA NDV September 30 September 30 September 30 December 2021 December 2021 December 2021 IFRS Equity attributable to shareholders 5,096,378 5,096,378 5,096,378 4,106,830 4,106,830 4,106,830 Include / Exclude: i)
Slide 20: EPRA NIY
EPRA EPRA NIY 30 Sept 2022 31 Dec 2021 EPRA NIY and 'topped-up' NIY (€m) (€m) Investment property – wholly owned 10,079,257 7,822,472 Investment property – share of JVs/Funds Trading property (including share of JVs) Less: developments 1,112,078 774,204 Completed property portfolio 8,967,179 7,048,2
Slide 21: Portfolio
PORTFOLIO Portfolio IPuD in EUR by country GAV1 Standing2 Landbank in EUR by country IPuD Landbank2 Portfolio split by value (in %) % % (€11,035m) (€8,967m) (€1,112m) (€814m) Czech Republic 49% 54% 19% 31% Romania 14% 16% 7% 12% Hungary 9% 9% 10% 12% Germany 8% 10% 0% 0% Slovakia 7% 7% 6% 11% Nether
Slide 22: Disclaimer
Disclaimer This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and business of CTP. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “pla
Slide 23: Maarten Otte, Head of Investor Relations
Maarten Otte, Head of Investor Relations Mobile: +420 730 197 500 Email: maarten.otte@ctp.eu 23