Prodea Real Estate Investment Co. Sa · ATHEX:PRODEA
Prodea Real Estate Investment Co. Sa — Shareholder Meeting (June 2025)
25 slides from Prodea Real Estate Investment Co. Sa's shareholder meeting presentation, Jun 11, 2025
Slide 1: Prodea Investments Company Presentation as at 31 December 2024
PRODEA INVESTMENTS Company Presentation as at 31 December 2024 of the Annual General Meeting on June 11, 2025.
Slide 2: Topics
TOPICS • Prodea Overview • Secured & New Projects • ESG • Capital Structure & Financials • Appendix 2
Slide 3: Prodea Overview
PRODEA OVERVIEW The leading Real Estate Investment Company in the Hellenic market PRODEA Investments has a well-balanced and diversified asset exposure, expanding into the best performing sectors of Greek Real Estate, including green offices, hospitality, logistics and other special sectors such as
Slide 4: Portfolio Metrics
PORTFOLIO METRICS High-quality diversified Largest REIC in Greece(1) portfolio €3.0bn (€2.3bn (9)) 93.0% (91.1%(9)) GAV(2) Occupancy €3.2bn (€2.4bn (9)) 11.0(4) (10.8(9)) / 8.7(5) AUM (6) (9.8(9)) WAULT (years) 303 (250(9)) Number of properties(2) €148.4m (€97.2m(9)) Annualized gross rent (7) 1.3m (
Slide 5: Strategic Goals
STRATEGIC GOALS Benefit from the positive momentum in the Greek market; with an aim of ensuring an increased recurring income Lack of new stock Tenant demand for quality, sustainable spaces Strong emphasis on hospitality and logistics Significant exposure in green portfolio of office being the b
Slide 6: Strong Tenants
STRONG TENANTS Quasi triple-net lease terms minimizing cash flow leakage 8.7(9) / 11.0(9) years WAULT including/excluding break options c.82%(9) of annualized rents not subject to break options c.95%(9) of the annualized rent is subject to uplift linked to inflation rate or otherwise indexed Best in
Slide 7: Portfolio Breakdown per Sector Before and After the Disposal of Portfolio
PORTFOLIO BREAKDOWN PER SECTOR BEFORE AND AFTER THE DISPOSAL OF PORTFOLIO(9) PRODEA Group 31st December 2024 PRODEA Group after disposal of portfolio of €783m Bank branches Hospitality 12% Bank branches 17% Hospitality 17% 23% Retail / Big Retail / Big boxes boxes 7% 14% AUM(7): AUM(10): €3.2bn €2.4
Slide 8: Prodea Hospitality
PRODEA HOSPITALITY Prodea is invested in the hospitality sector in three formats in order to combine a degree of certainty of income (leases) with potential upside of a growing sector Mediterranean Hospitality Venture (“MHV”) Prodea owns 100(1)% of MHV, a hotel development and management company wit
Slide 9: Hospitality Portfolio Overview
HOSPITALITY PORTFOLIO OVERVIEW(1) Unparalleled luxury and excellence with our best-in-class hospitality portfolio Total 12 1,690 29 €257.0m €575.6m €220m+ €70m+ Hotels Total Rooms F&B Outlets Hotel Fair Value Anticipated Anticipated Development (as of 31.12.2024) Stabilised Turnover Stabilised EBITD
Slide 10: Secured & New Projects
“7 so = oa SECURED & NEW PROJECTS a 10 PRODEA
Slide 11: Pipeline Portfolio Summary
PIPELINE PORTFOLIO SUMMARY Development of a high-end pipeline portfolio with premium properties in prime locations. Yielding Assets Residential for Sale Hospitality 7.7 Residential Letting 87,0 230,5 Office €217.8m €230.5m €389.5m Residential for Sale Total Prodea’s Total Prodea’s Total Prodea’s Inv
Slide 12: Capital Structure & Financials
CAPITAL STRUCTURE & FINANCIALS 12
Slide 13: Capital Structure
CAPITAL STRUCTURE Pies and Diagrams refer to actual capita structure as of 31 December 2024 Debt Split by Category Debt Split by Rate Type Public Bonds 21% Fixed 21% Floating 21% Actual figures Figures post €m 31.12.2024 disposal (9) Syndicated Bonds 79% Gross Debt 1,463 1,051 Cash & Restricted 131
Slide 14: Strong Financial Performance
STRONG FINANCIAL PERFORMANCE Financial Performance (in €m) Total shareholders’ return per share 227.6 9.55 189.6 IRR: c.11%(1) 8.65 9.02 168.9 Multiple: c.2.4x 8.06 0,29 158.5 0,29 7.30 0,29 6.89 0,29 2,84 3,44 125.0(2) 6.09 2,58 117.4(2) 5.64 1,95 2,30 4.93 5.10 5.31 1,34 1,05 4.05 0,63 0,83 0,43 5
Slide 15: Environmental, Social, Governance
ENVIRONMENTAL, SOCIAL,GOVERNANCE 15
Slide 16: Focusing on the "E" Aspect of ESG
FOCUSING ON THE “E” ASPECT OF ESG Development of one of the largest Development of a shared savings privately-owned EV charging business model for the installation of stations network in Greece to be large-scale rooftop solar PV used by our tenants within our systems on our buildings. buildings. Ene
Slide 17: Digital Transformation & Technology
DIGITAL TRANSFORMATION & TECHNOLOGY PRODEA embraces technology and innovation to drive efficiency, enhance decision-making, and maintain a competitive edge in the market. MRI Horizon offers comprehensive property management solutions with advanced analytics and scalable integration capabilities. Goa
Slide 18: Appendix
APPENDIX 1. Consolidated Statement of Financial Position 2. Consolidated Income Statement 3. EBITDA & FFO Calculations 4. NAV break-down 5. Notes 24
Slide 19: Consolidated Statement of Financial Position – IFRS
CONSOLIDATED STATEMENT OF FINANCIAL POSITION – IFRS Amounts in € ’000s Dec-2022 Dec-2023 Dec-2024 Assets Non-current assets Investment property 2,491,284 2,314,885 1,736,425 Equity method investments and investments in joint ventures 157,336 161,238 75,047 Property and equipment 10,171 9,975 391,965
Slide 20: Consolidated Income Statement – IFRS
CONSOLIDATED INCOME STATEMENT – IFRS Amounts in € ’000s Dec-2022 Dec-2023 Dec-2024 Revenue 186,923 168,856 227,582 Gain from disposal of investment property 1,367 4,329 1,636 Direct property related expenses (16,578) (17,014) (14,454) Property taxes – levies (11,541) (13,081) (11,808) Personnel expe
Slide 21: EBITDA and FFO Calculations
EBITDA AND FFO CALCULATIONS EBITDA Amounts in € ’000s Dec-2022 Dec-2023 Dec-2024 Profit for the period 123,771 73,832 106,915 Plus: Depreciation and Amortization 549 505 7,928 Plus: Net Finance costs 42,754 73,980 64,045 Plus: Taxes 861 10,161 10,719 EBITDA 167,935 158,478 189,607 Less: Net gain fro
Slide 22: NAV Break-down
NAV BREAK-DOWN Amounts in € ’000s Dec-2022 Dec-2023 Dec-2024 Shareholders’ Equity 1,465,735 1,492,304 1,477,923 Plus: IFRS Adjustment (1) 9,500 13,471 7,760 NAV 1,475,235 1,505,575 1,485,683 (1) Difference between the NBV and the market value (as determined by the independent statutory valuers) of t
Slide 23: Notes
NOTES Source: Financial Statements and Company information for 31 December 2024 and 2023. Note: Unless stated otherwise, all data refers to the period ended 31 December 2024. (1) Based on GAV. (2) GAV includes Investment properties plus Company’s headquarters (€12.6m) and real estate inventories (€1
Slide 24: Disclaimer
DISCLAIMER By viewing or receiving this presentation, you are agreeing to be bound by the following limitations. This corporate presentation (the CP) has been prepared by Prodea Real Estate Investment Company Societe Anonyme (the Company) and has not been independently verified. Τhe Company does not
Slide 25: Disclaimer (Continued)
DISCLAIMER (CONTINUED) Forward Looking Statements Certain statements in this presentation are forward-looking. This presentation also includes certain forward-looking information related to the Company’s pipeline. Such information is given only based on Company’s reasonable expectations or estimates
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