Vib Vermoegen Ag · XETR:VIH1
Vib Vermoegen — VIB Vermögen — Investor Presentation (April 2026)
30 slides from Vib Vermoegen's investor presentation, Apr 28, 2026
Slide 1: The Logistics and Office Powerhouse
2025 Financial Year The Logistics and Office Powerhouse Company Presentation
Slide 2: The Logistics and Office Powerhouse
Company The Logistics and Office Powerhouse One Strategy – two Segments: Expertise in high-yield commercial real estate Commercial Portfolio Institutional Business Property Management Property Management for of own Portfolio Institutional Investors A three-decade evolution to become a successful dev
Slide 3: Commercial Portfolio and Institutional Business
Company Commercial Portfolio Institutional Business Transact Transact Property acquisitions Acquiring suitable properties to sell them Plot acquisitions at the right time at a higher value Operate Operate Property management Aktively managing the respective (fund) Inventory optimisation
Slide 4: Investment Highlights for Sustainable Value Generation for all Stakeholders
Company Investment Highlights for Sustainable Value Generation for all Stakeholders VIB has established itself on the market as a leading investment house in the areas of commercial portfolio and institutional business Resilient business model through diversification in the Commercial Portfolio
Slide 5: Real Estate Portfolio: Commercial Portfolio
Real Estate Portfolio: Commercial Portfolio
Slide 6: Real Estate KPIs
Real Estate Portfolio Real Estate KPIs Trend in annualised net rental income, vacancy rate and rentable area of Breakdown of industry shares in the annualised net rental income of own properties own properties (as of 31/12/2025) 120 912 Tsqm 800 1,365 Tsqm 1,288 Tsqm 887 Tsqm 102.3 6% 1% 1,286 Tsqm
Slide 7: Real Estate KPIs: Top Tenants and Lease Terms
Real Estate Portfolio Real Estate KPIs Top 10 tenants by share of annual net rental income (31/12/2025) Tenant Segment Share Locations 1 Mercedes Benz AG Retail 5.2% 1 2 NH Hoteles Deutschland GmbH Office 4.6% 1 Net rental income by remaining lease term (31/12/2025) 3 Vermögen und Bau Baden-Württemb
Slide 8: Ongoing Project Developments in the Logistics Sector
Real Estate Portfolio Ongoing Project Devlopments in the Logistics Sector 1 Erding | „GreenBiz Park“ Secured development pipeline: Own development until 2027/2028 Ca. 79,000 sqm (total) Investments total: Ca. 64,000 sqm Light Industrial ca. EUR 206 million − thereof 54,000 sqm already market
Slide 9: GreenBiz Park Project in Erding Progressing on Schedule
Real Estate Portfolio „GreenBiz Park“ Project in Erding Progressing on Schedule Optimal motorway access; located just 15 minutes from Munich Airport Project in numbers Floor areas suitable for various use classes include: 107,000 sqm 79,000 sqm EUR 161 million − four industrial warehouses with f
Slide 10: Real Estate Portfolio: Institutional Business
Real Estate Portfolio: Institutional Business
Slide 11: Institutional Business (IBU) Significantly Expanded in 2025
Institutional Business Institutional Business (IBU) Significantly Expanded in 2025 Successful property management for institutional investors Porfolio value increased from 1.9 billion EUR to 8.3 billion EUR − 147 properties (31.12.2024: 74 properties) − 2.6 million sqm of rental space (31.12.2024:
Slide 12: IBU Key Facts
Institutional Business IBU Key Facts Assets under Management (AuM) by asset classes (31/12/2025) Investment partner (31.12.2025) 3% 1% 15% 14% 34% Logisticts & Light Industrial 177 Pension funds, public asset AuM Office Institutional funds 8.3 billion euros Investors Savings banks and Retail 25% com
Slide 13: ESG
ESG
Slide 14: The Three Pillars of Our Sustainability Strategy
ESG The Three Pillars of Our Sustainability Strategy – in Sync and of Equal Significance An Integrated Sustainability Strategy VIB Sustainability Strategy Profitable long-term corporate development dovetailed with environmental and social responsibility Economy Ecology Governance & Social Economic f
Slide 15: Environmental Sustainability within the VIB Group
ESG Environmental Sustainability within the VIB Group Transparent reporting Energetic optimisation upgrades Photovoltaics Sustainable construction methods EPRA “Gold” Sustainability Award Modernisation of heating Installation of PV systems in all new- Certification to the DGNB systems, therm
Slide 16: Modern PV Systems Reduce Pollution and Help Ensure Sustainable Use of Fossil Fuels
ESG Modern PV Systems Reduce Pollution and Help Ensure a Sustainable Use of Fossil Fuels Installed photovoltaics capacity in VIB Group (in kWp, 31/12/2025) Newly installed PV capacity in 2025: ~ 6,300 kWp > This means that the VIB's total capacity has increased almost eightfold 31,300 ** compared to
Slide 17: Key Financial Figures
Key Financial Figures
Slide 18: Consolidated Income Statement (IFRS)
Key Financial Figures Consolidated Income Statement (IFRS) in EUR THOUSAND 2025 2024 Gross rental income 103,764 88,898 Earnings from operating and ancillary costs 20,461 15,470 Expenses from operating and ancillary costs -21,866 -16,294 Other property-related-expenses -6,398 -5,746 Net rental incom
Slide 19: Consolidated Income Statement (IFRS)
Key Financial Figures Consolidated Income Statement (IFRS) In EUR THOUSAND 2025 2024 Earnings attributable to associated companies 762 2,804 Interest income 24,868 34,265 Interest expense -32,608 -34,468 Earnings before tax 87,175 17,209 Imcome tax -22,495 -18,298 Deferred tax 20,768 44,181 Consolid
Slide 20: Consolidated Balance Sheet as of 31/12/2025
Key Financial Figures Consolidated Balance Sheet as of 31/12/2025 in EUR million Assets Equity and Liabilities Equity ratio: Non-current 1,040 Equity assets 31/12/2025: 47.3% Non-current liabilities 31/12/2024: 49.1% Current assets 2,048 Current liabilities LTV: 31/12/2025: 43.0% 944 31/12/2
Slide 21: Key Financials: 5-Year Development
Key Financial Figures Key Financials: 5-Year Development Gross rental income (in EUR million) 103.8 + 37% 93.8 Funds from Operations (FFO, in EUR million) 90.3 86.9 88.9 79.5 80.5 2021 2022 2023 2024 2025 72.6 Earnings from property management fees (in EUR million) 62.7 41.3 58.6 2021 2022 2023 2024
Slide 22: EPRA Financial Reporting
Key Financial Figures EPRA Financial Reporting 2025 2024 ∆ EPRA earnings EUR THOUSAND 75,793 90,211 -16.0 % EPRA earnings per share EUR 2.29 2.73 -16.0 % 31/12/2025 31/12/2024 ∆ EPRA-NRV EUR THOUSAND 1,309,996 1,363,891 -4.0 % EPRA NRV per share EUR 39.63 41.26 -4.0 % EPRA-NDV EUR THOUSAND 876,279 1
Slide 23: Stable Profitability Ensures the Long-term Success of VIB Vermögen AG
Outlook 2026 Stable Profitability Ensures the Long-term Success of VIB Vermögen AG 103.8 Gross rental income: EUR 85 - 95 million 41.3 Earnings from property management fees: EUR 53 - 63 million 80.5 FFO (Funds from Operations): EUR 60 - 70 million Stable earnings development in the segments Commerc
Slide 24: Stock
Stock
Slide 25: VIB Stock
Stock VIB Stock Key data Sector Real estate Securities indentification number (within Germany) A2YPDD ISIN DE000A2YPDD0 Stock symbol VIH1 Initional listing November 28, 2005 München: open market (m:access) Stock exchanges Frankfurt: open market / XETRA Share type No-par-value registered shares Share
Slide 26: VIB Stock
Stock VIB Stock Share price development in comparison with DAX, SDAX & EPRA Germany (01/01/ – 31/12/2025) 140 120 100 80 60 40 20 0 01.01.2025 01.03.2025 01.05.2025 01.07.2025 01.09.2025 01.11.2025 01.01.2026 DAX SDAX VIB EPRA Germany The Logistics and Office Powerhouse Company Presentation | FY 202
Slide 27: Annex
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Slide 28: Assets
Annex Assets Consolidated balance sheet as of 31 December 2025 in EUR THOUSAND 31/12/2025 31/12/2024 NON-CURRENT ASSETS Business or company value 275,905 0 Investment properties 1,526,570 1,323,792 Property, plant and equipment 6,971 10,113 Interests in associated companies 100,592 80,329 Participat
Slide 29: Passiva Equity and Liabilities
Anhang Annex Passiva Equity and Liabilities Konzernbilanz zum 31.12.2023 in EUR THOUSAND 31/12/2025 31/12/2024 EQUITY Subscribed share capital 33,055 33,055 Share premium account 299,307 299,307 Retained earnings 104,126 104,126 Cash Flow hedges 699 864 Accumulated earnings 521,809 441,209 Equity at
Slide 30: Disclaimer
Disclaimer This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe to any securities, In case of an offer of securities the information legally required to be provided to investors will be contained only in a securities prospectus as approved by the competent aut