Slide 1: CTP N.V. Financial Highlights H1 2021
CTP N.V. Financial Highlights H1 2021 Results presentation of Aug. 11th, 2021 1
Slide 2: H1 2021: the BIG Numbers
SUMMARY KPIs H1 2021: the BIG Numbers 1.2 30.8% 16.8% million m2 UNDER CONSTRUCTION MARKET SHARE EPRA EARNINGS NEW LEASING ² GROWTH ¹ 11.8% 25.3% € 0.17 YIELD ON € 146 COST million MARKET SHARE NET VALUATION INTERIM DIVIDEND OF GLA ² RESULT ³ PER SHARE 1. Company specific H1 2020 vs H1 2021 2. For c
Slide 3: CTP H1 2021 Highlights
SUMMARY HIGHLIGHTS CTP H1 2021 Highlights � 2 3 • Development profitibility continued • Strong performance from • Grew our market leading position • GLA 2021 on track to exceed IPO income-producing portfolio • Overall market grew 409,000 m2 guidance • Portfolio increased 14% Y-o-Y to • CTP Share of
Slide 4: Continuing on Profitable Growth Path
2021 TARGETS 1 Continuing on Profitable Growth Path Target 2021 GLA exceeds IPO guidance; YoC well above 10% despite material price increase & shortages YIELD ON COST (%) PIPELINE 2021 TARGET > 7.7 MILLION M2 GLA 11.5% 11.8% 8,000 Thousands >350 >7,700 7,500 >750 Q1 2021 Q2 2021 7,000 for properties
Slide 5: Predictable cashflows from existing portfolio further solidified
2021 TARGETS 2 Predictable cashflows from existing portfolio further solidified Strong Commercial Performance in all key metrics ANNUALISED RENTAL INCOME (1 WAULT OCCUPANCY COLLECTION RATE (EUR million) (years) (%) (%) 6.5 95% 98% 98% 98% 380 6.4 366 94% 94% 6.0 344 Q4 2020 Q1 2021 Q2 2021 Q4 2020 Q
Slide 6: Landbank growth accelerated to extend development income at market-leading YoC
2021 TARGETS 3 Landbank growth accelerated to extend development income at market-leading YoC Proven ability to secure attractive land transactions, thereby protecting and growing our market position LAND BANK DEVELOPMENT Q-o-Q LAND BANK by COUNTRY ( million m2) 16.0 0.8 14.7 1 1.3 1% 3% 5.1 3% 14.0
Slide 7: Landbank extends income growth potential
2021 TARGETS 3 Landbank extends income growth potential IPO proceeds used to secure future growth via landbank expansion in strategic locations LANDBANK DEVELOPMENT FROM Q4 2020 TO Q4 2022 PERFORMANCE STATISTICS OF THE PIPELINE CONTINUE TO DEVELOP FAVOURABLY (m million) 2 16 1,400 80% 2.1 14.7 Pre l
Slide 8: Commercial Highlights in Core Markets
2021 TARGETS FINLAND N O R W AY SK 4 Commercial Highlights in Core Markets SWEDEN ➜ C&A project in Trnava completed within budget ESTONIA ➜ Start of construction of CTPark Bratislava City inner-city park planned for H2 2021 RUSSIA ➜ Acquired land and started L AT V I A development in Přesov, with pr
Slide 9: Commercial Highlights in Expansion Markets
2021 TARGETS LITHUANIA DENMARK Commercial Highlights in Expansion Markets PL 4 ➜ Building new team of professionals ➜ Construction underway at NL CTParks Opole (18,000 m2)and IRELAND Zabre (38,000 m2) S ➜ Acquired Waalwijk land position D ➜ Extended landbank with N of 580,000 m2 A acquisitino of two
Slide 10: Ongoing progress on ESG
Q2: PROMISES VS ACTUAL 5 Ongoing progress on ESG 1st ESG rating highlights low ESG risk; CTP ranked within top 1.5% of companies worldwide GENDER BREAKDOWN New talent at all levels of the company to manage growth, with balanced male/ CTP NV female gender split ESG Risk Rating Female Male 11.0 LOW RI
Slide 11: Financial KPI's on track
2021 TARGETS 6 Financial KPI’s on track EPRA EPS increase 19.8% Y-o-Y POTENTIAL FOR YIELD COMPRESSION IN CEE MARKETS LAST 10Y LOGISTICS YIELDS EPRA EARNINGS PER SHARE (1 NET RENTAL INCOME (EUROCENTS) (EUR MILLION) Source: JLL (Q2 2021) 8.7% 160.3 17.4% 10% 25.1 Increase Increase 23.5 136.5 9% 8% 2.2
Slide 12: CTP continues to gain market share in its core markets
Q2: PROMISES VS ACTUAL 7 CTP continues to gain market share in its core markets1 CTP grew to market leader in Hungary during Q2 CEE MARKET: NEW SUPPLY & TAKE UP CEE MARKET PLAYERS: OWNERSHIP SHARE: CTP INCREASED CTP 31% SHARE OF TAKE-UP OVERALL MARKET SHARE IN EACH OF Market share net take-up Q2 202
Slide 13: Market Outlook for Logistics space is very favourable
HEADLINE Q2: PROMISES SECTION VS ACTUAL 7 1 Market Outlook for Logistics space is very favourable1 Pandemic highlights critical importance of resilient supply chains and accelerated growth in e-commerce 1 STRUCTURAL UPLIFT IN GLOBAL CONTINUED DEMAND GROWTH SHIFT TO ONLINE BOOSTED BY PANDEMIC 2 DEMAN
Slide 14: June bond issue delivered on our promise to move to largely unsecured debt funding
KEY Q2 ACCOMPLISHMENTS 8 June bond issue delivered on our promise to move to largely unsecured debt funding Average cost of debt below 1.25% IPO 25/03/2021 ➜ In June 2021, CTP issued a dual-tranche Green Bond, raising €6.7 €1 billion amidst strong investor demand 97% ➜ Total order book close to €4 b
Slide 15: Funding & Liquidity Options Improved
KEY Q2 ACCOMPLISHMENTS 8 Funding & Liquidity Options Improved Increased 3-yr Revolving Credit Facility to € 400 mln (was € 100 mln), committed by group of 10 banks AVAILABLE LIQUIDITY CONSERVATIVE RESIDUAL MATURITY OF DEBT (INCL. UNDRAWN COMMITTED FUNDING) (€ MILLION DUE IN FOLLOWING YEARS) Q1 2021
Slide 16: Income Statement
INCOME STATEMENT Income Statement Summary Unaudited Consolidated Profit & Loss Statement for the Period ended 30 June 2021 ➜ Net Rental Income NRI: 14.8% growth January 2021 - June 2021 January 2020 - June 2020 ➜ Benefits from lower level of direct property operating expenses in EUR thousand Net ren
Slide 17: Balance Sheet
BALANCE SHEET Balance Sheet Summary Unaudited Consolidated Balance Sheet per 30 June 2021: Assets Assets ➜ Gross Asset Value: increased to € 6.4 billion (including development property under In EUR thousand 30 June 2021 31 Dec. 2020 Assets construction), a 5.3% increase from Q1 Investment property 5
Slide 18: Balance Sheet
BALANCE SHEET Balance Sheet Summary Unaudited Consolidated Balance Sheet: Equity & Liabilities Equity & Liabilities In EUR thousand Equity 30 June 2021 31 Dec. 2020 ➜ Equity: Increased with IPO Net Proceeds of € 819 mln Issued capital 63,523 53,760 ➜ Composition of Funding Sources: Liabilities now l
Slide 19: CTP Full Speed
PARKMARKERS CTP Full Speed 19
Slide 20: EPRA Calculations - EPRA NTA
EPRA METRICS A1 EPRA Calculations EPRA NTA EPRA NTA EPRA NTA EPRA Net Asset Value Metrics H1 2021 H2 2020 IFRS Equity attributable to shareholders 3,272,422 2,263,202 Diluted NAV at Fair Value 3,272,422 2,263,202 €9.58 Exclude: i) Deferred tax in relation to fair value gains of IP -532,132 -500,129
Slide 21: EPRA Calculations - Earnings
EPRA METRICS A2 EPRA Calculations Earnings EPRA Earnings (amounts in TEUR) H1 / 2021 H1 / 2020 Earnings per IFRS income statement 188,279 105,233 Adjustments to calculate EPRA Earnings, exclude: Changes in value of investment properties, development (i) 145,743 41,860 properties held for investment
Slide 22: EPRA Calculations - Net Initial Yield
EPRA METRICS A3 EPRA Calculations Net Initial Yield EPRA NIY and 'topped-up' NIY1 H1 / 2021 H2 / 2020 5.9% Investment property – wholly owned 5,937,330 5,447,632 Less: developments 573,173 387,347 Completed property portfolio 5,364,157 5,060,285 EPRA NIY Gross up completed property portfolio valuati
Slide 23: Dividend Payment Planning
APPENDIX A4 Dividend Payment Planning Interim dividend of CTP N.V. payable in September 2021 Payment Date Announcement by Issuer Ex Date Record Date Interim security 13 August 2021 16 August 2021 11 August 2021 (before opening (after COB 17 August 2021 Euronext Amsterdam) Euronext Amsterdam) Determi
Slide 24: Definition of used terms
APPENDIX A5 Definition of used terms Annualised Rental Income: rent roll as per the end of period, including service charge income (Base rent EPRA Topped-Up NIY: annualised rental income based upon the cash passing rent at balance sheet date plus other rental income plus extras for above standard te
Slide 25: Disclaimer
DISCLAIMER Disclaimer This communication contains information that qualifies as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. This announcement may include statements which may be deemed to be, “forward-looking statements”. These forward-looking statements
Slide 26: www.ctp.eu
www.ctp.eu 26