Slide 1: Financial Highlights H1-2025
Save the date: Capital Markets Day CTP N.V. September 24-25 in Wuppertal, Germany Financial Highlights H1-2025 07 August 2025
Slide 2: H1-2025: continued growth, backed by long-term demand drivers
H1-2025: continued growth, backed by long-term demand drivers Financial highlights Operational highlights €367m €598m 93% (93% as at 31 Dec 2024) 6.2 yrs (+14.4% vs. H1-2024) (+37.7% vs. H1-2024) (6.4 years as at 31 Dec 2024) Gross Rental income Net valuation result Occupancy WAULT €199m €0.42 (+6.2
Slide 3: CTP: pan-European platform and market leader in the CEE
CTP: pan-European platform and market leader in the CEE Core Markets Growth Markets 13.5m sqm GLA 2.0m Western European Markets BRNO Portfolio Value by Country (%) sqm GLA under construction NL AU GE 2.9% 1.3% 26.1m 10.7% BU 1.8% RS 3.8% sqm landbank €17.1bn PL 7.1% 138MWp CZ 41.8% GAV SK 7.5% Insta
Slide 4: Accelerated growth since IPO in March 2021
Accelerated growth since IPO in March 2021 IPO 03/2021 +128% +107% +191% SQM of GLA (in millions) 16.0 13.5 14.0 13.3 11.8 12.0 Growth in GLA Growth in Landbank growth in Investment 10.5 from 5.9 million sqm to from 12.6 million sqm to Property 10.0 13.5 million sqm 26.1 million sqm from €5.8 to €16
Slide 5: Integrated and derisked business model drives annual double-digit NTA growth
Integrated and derisked business model drives annual double-digit NTA growth 13.5 mil. sqm GLA in existing parks / ~1,500 clients 10-15% ~85% new space client developed per year retention 2.0 mil. sqm ~2/3 of new leases signed under construction with existing clients 26.1 mil. sqm landbank 58% 31% i
Slide 6: Strong and consistent development track record
Strong and consistent development track record Expected YoC Pre-let at delivery Projects under construction 100% 13.5% 94% 92% 11.6% 10.8% 11.0% 10.3% 10.3% 10.3% 86% 86% 10.1% 80%-90% target 81% range 80% 80% 2018 2019 2020 2021 2022 2023 2024 H1 2025 2018 2019 2020 2021 2022 2023 2024 H1 2025 NB:
Slide 7: Unlocking the landbank value driving double-digit NTA growth
Unlocking the landbank value driving double-digit NTA growth FV of landbank on balance sheet of: ~€60 per sqm Average construction costs: ~€500 per sqm Total investment costs1: ~€620 (€500 + 2 * €60) per sqm Investment Properties valued at ~€1,040 per sqm Potential Revaluation Gains: ~€400 per sqm (
Slide 8: Strong leasing in H1-2025, despite geopolitical volatility
Strong leasing in H1-2025, despite geopolitical volatility Leases signed by sqm Q1 Q2 YTD Q3 Q4 FY 2023 297,000 552,000 849,000 585,000 542,000 1,976,000 2024 336,000 582,000 919,000 577,000 618,000 2,113,000 +11% H1-2025 YoY increase in sqm of 2025 416,000 599,000 1,015,000 leases signed YoY growth
Slide 9: Rent levels of new leases signed in H1-2025 5% higher than H1-2024
Adjusted for country mix, rent levels of new leases signed in H1-2025 5% higher than in H1-2024 PL €5.41 €4.94 NL €10.28 €10.99 SK €5.63 €5.64 H1 2024 H1 2025 110,000 117,000 DE sqm sqm H1 2024 H1 2025 2,000 14,000 €8.41 sqm sqm H1 2024 H1 2025 €5.48 78,000 44,000 Group CZ1 sqm sqm H1 2024 H1 2025 H
Slide 10: Increase in Heads of Terms signed, reflecting future leasing activity
Increase in Heads of Terms signed, reflecting future leasing activity Heads of Terms signed 350 300 250 200 150 100 50 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec #HoTs '23 #HoTs '24 #HoTs '25 NB: Figures may not add up due to rounding 10
Slide 11: Nearshoring drives demand from manufacturing tenants
Nearshoring drives demand from manufacturing tenants, which are strongly represented in CTP’s portfolio Portfolio June 2025 Leases signed in the last 24 months GLA split by industry (%) GLA split by industry (%) 1 Professionalization of supply chains, following Other CEE countries joining Services 2
Slide 12: Over 10% of portfolio leases to Asian clients producing in Europe for Europe
Over 10% of portfolio leases to Asian clients producing in Europe for Europe GLA of Asian tenants 1,700,000 1,500,000 1,300,000 ~20% of leases signed in Last 18 1,100,000 months 900,000 700,000 500,000 300,000 2018 2019 2020 2021 2022 2023 2024 Q2-2025 12
Slide 13: Structural long-term leasing trends
Structural long-term leasing trends Nearshoring and manufacturing in Supply chain professionalization Strong E-commerce growth and High-tech industry as German Europe for Europe in the business- leveraging improved infrastructure rising domestic consumption in CEE economy is reinventing itself smart
Slide 14: Strong and diversified international client base
Strong and diversified international client base Low operational and financial risk 36.0% 33.3% Top 50 Clients Top 50 as a % of Top 50 as a % of GLA split by industry (%) portfolio GLA Rental Income NB: Figures may not add up due to rounding 14
Slide 15: CTP's long-lasting tenant relations drive strong retention and collection rates
CTP’s long-lasting tenant relations drive strong retention and collection rates Occupancy1 (%) 95% 94% 94% 94% 85% 99.7% 93% 93% Tenant retention Collection rate FY-2020 FY-2021 FY-2022 FY-2023 FY-2024 H1-2025 4.9% 72% CTP’s market share in core markets2 (%) 28.8% 28.2% 27.8% 27.5% 27.4% Like-for-li
Slide 16: Successful leasing of H1 2025 deliveries
Successful leasing of H1 2025 deliveries 224,000 100% Leased at delivery sqm delivered €12.1m 10.3% CTPark Belgrade West Contracted rental income YoC 82% In existing parks or in new parks with >100k sqm potential CTPark Warssaw North NB: Figures may not add up due to rounding 16
Slide 17: Next growth phase locked in thanks to projects under development
Next growth phase locked in thanks to projects under development 2,025,000 10.3% 80-90% sqm under construction Expected YoC Expected pre-let at delivery 79% In existing parks 9% 53%* Pre-let 2025 deliveries €160m Potential rental income In new parks with >100k sqm potential (51% H1-2024) *Pre-let in
Slide 18: Energy
Energy 138 138 → YoC target: 15% MWp Installed 100 → Cost per MWp: ~€750k – below market average thanks to CTP acquiring in bulk and PV ready roof structures since 2020 → Income: 1-year lag between installation and income, i.e. MWp installed in 2024 drive 2025 income 38 → H1 2025 revenues: €8.0 mill
Slide 19: ESG integrated in CTP business model
ESG integrated in CTP business model NB: These results shall not be construed as investment advice or expert opinion as defined by the applicable legislation. 19
Slide 20: Growth plan on track to reach 20 million sqm before end of the decade
Growth plan on track to reach 20 million sqm before end of the decade Standing portfolio & under construction Deliveries 2025: 1.2 - 1.7 million sqm Million sqm - owned Million sqm 2.0 14 1.8 2.0 12 1.7 10 1.3 13.3 13.5 1.2 1.0 8 1.0 11.8 0.9 10.5 0.6 6 0.7 7.6 5.9 0.2 4 2020 2021 2022 2023 2024 H1
Slide 21: Financial results
Financial results 21
Slide 22: Financial highlights
Financial highlights In € million H1-2025 H1-2024 % change Gross Rental Income 367.2 320.9 +14.4% Net Rental Income 360.3 313.8 +14.8% Net valuation result on investment property 597.9 434.3 +37.7% Profit for the period 625.8 533.7 +17.2% Company specific adjusted EPRA earnings 199.3 177.6 +12.2% H1
Slide 23: Gross Asset Value up 7.2% in H1-2025 and 15.9% y-o-y
Gross Asset Value up 7.2% in H1-2025 and 15.9% y-o-y Investment Property (IP), Investment Property under Development (IPuD) and Property, Plant & Equipment (PPE) (€ million) GAV: 5,872 8,460 11,486 15,980 17,136 13,633 256 2020 - 2024 CAGR: 28.4% 248 1,372 1,292 1,416 234 1,077 920 169 1,360 763 1,1
Slide 24: Rental growth, yield compression and pipeline drive valuation results
Rental growth, yield compression and pipeline drive valuation results Revaluation (YTD) (€ million) 700 H1-2025 like-for-like revaluation +43.1 598.0 600 of +4.0% driven by like-for-like +181.3 ERV growth of +2.5% and 11bps 500 yield compression 400 +373.6 300 200 100 0 Standing assets including IPu
Slide 25: EPRA NTA up 7.1% in H1-2025 and 13.5% y-o-y
EPRA NTA up 7.1% in H1-2025 and 13.5% y-o-y EPRA NTA € per share +€1.25 €19.36 -€0.09 -€0.30 +€0.42 €18.08 FY-2024 Company specific adjusted Revaluation Others Dividend H1-2025 EPRA EPS NB: Figures may not add up due to rounding 25
Slide 26: Conservative valuation yields
Conservative valuation yields H1-2025 FY-2024 H1-2024 FY-2023 H1-2023 FY-2022 H1-2022 → Reversionary yield1 compressed by 11bps in H1-2025, while the ERV on a like-for-like basis grew by 2.5%, resulting in Gross Portfolio yield 6.6% 6.6% 6.5% 6.7% 6.6% 6.5% 6.3% total like-for-like valuation growth
Slide 27: Favourable maturity profile reflects active liquidity management
Favourable maturity profile reflects active liquidity management Bonds 3.2% Conservative residual Unsecured loans (JPY) maturity of debt Unsecured loans (EUR) (€ million) Secured loans Average cost of debt 2,156 1,498 1,390 99.9% Hedged / fixed 699 583 534 513 477 5.1 yrs 397 254 35 Average debt mat
Slide 28: Strong liquidity position and ample headroom to covenants
Strong liquidity position and ample headroom to covenants €2.1bn 9.2x Normalized Net Debt 30 June 2025 Covenant Liquidity to EBITDA Secured Debt Test 15.7% 40% 66% Unsecured debt 44.9% LTV Unencumbered Asset Test 194.9% 125% CREDIT RATINGS Interest Cover Ratio 2.4x 1.5x BBB- Baa3 A- (stable) (positi
Slide 29: Good access to credit markets with €1.7 billion raised in H1-2025
Good access to credit markets with €1.7 billion raised in H1-2025 Green Bond March 2025 → Active management of loan portfolio through repricing of €159 million of → €1 billion dual-tranche secured bank loans and prepayment of €441 million of relatively more → 6-year at MS +145 bps with Coupon 3.625%
Slide 30: Outlook
Outlook → Leasing dynamics remain strong, with robust occupier demand, and decreasing new supply supporting ongoing rental growth → The Group’s pipeline is highly profitable with a YoC target of >10% and supplies tenant led growth. The YoC for CTP’s current pipeline remained at industry leading 10.3
Slide 31: Guidance
Guidance Guidance 2025 Growing dividend Dividend policy1 Dividend per share €0.310 €0.86-€0.88 70% - 80% €0.300 €0.290 €0.275 €0.250 2025 Company specific €0.220 €0.230 pay-out adjusted EPRA EPS +8-10% vs. 2024 €0.180 €0.170 Interim Final Interim Final Interim Final Interim Final Interim 2021 2021 2
Slide 32: Long-term potential
Long-term potential Annualized rent in million EUR Medium to long-term Short-term >1,200 99 >1,000 17 54 160 22 757 Annualized rent Completion of Filling up Indexation Reversion Future Annualized rent Reversion 20 million sqm Potential Full 30/06/2025 existing pipeline vacancy 2025-2027 2025-2027 de
Slide 33: Appendices
Appendices 33
Slide 34: Total return
Total return € per share EPRA NTA growth 25 DPS paid €19.36 20 €1.58 -€0.30 €2.73 -€0.57 15 €2.59 -€0.48 Total Return: +17% €2.15 -€0.40 -€0.17 Total Return: +19% €8.32 10 €3.91 Total Return: +18% Total Return: +47% 5 0 31 December NTA growth2021Dividend NTA growth 2022 Dividend NTA growth2023 Divid
Slide 35: Share price performance since the IPO
Share price performance since the IPO 160 140 120 100 80 60 40 20 0 March 2021 September 2021 March 2022 September 2022 March 2023 September 2023 March 2024 September 2024 March 2025 FTSE EPRA/NAREIT Developed Europe CTP 35
Slide 36: Top 20 Parks
Top 20 Parks Since: 2015 Since: 2006 Since: 2015 Since: 2004 Since: 2006 The Top 20 parks represent the core of the CTPark Network. They are thriving business communities, with a dynamic RO CZ RO CZ CZ mix of clients from a broad range of industries. Bucharest West Bor Bucharest Brno Ostrava GLA: 83
Slide 37: Top 20 Parks
Top 20 Parks Since: 2024 Since: 2002 Since: 2021 Since: 2015 Since: 2018 The Top 20 parks represent the core of the CTPark Network. They are thriving PL CZ SK RO RS business communities, with a dynamic mix of clients from a broad range of Warsaw West Hranice Námestovo Timișoara Belgrade West industr
Slide 38: EPRA EPS
EPRA EPS EPRA Earnings (€ million) H1-2025 H1-2024 Earnings per IFRS income statement 625.8 533.7 Adjustments to calculate EPRA Earnings, exclude: Changes in value of investment properties, development properties held for investment and other interests 597.9 436.7 Profits or losses on disposal of in
Slide 39: Company Specific Adjusted EPRA Earnings P&L
Company Specific Adjusted EPRA Earnings P&L Non-recurring Company specific (€ million) IFRS Adjustments adjusted EPRA Earnings Rental Income 367.2 1.6 368.8 Service charge income 44.8 0.3 45.0 Property operating expenses -51.6 -51.6 Net rental income 360.3 1.9 362.2 Net income / expenses from renewa
Slide 40: EPRA NAV
EPRA NAV EPRA Net Asset Value Metrics (€ million) EPRA NRV EPRA NTA EPRA NDV 30 June 2025 31 December 2024 30 June 2025 31 December 2024 30 June 2025 31 December 2024 IFRS Equity attributable to shareholders 7,989.0 7,351.2 7,989.0 7,351.2 7,989.0 7,351.2 Include / Exclude: i) Hybrid instruments Dil
Slide 41: EPRA NIY
EPRA NIY EPRA NIY and 'topped-up' NIY (€ million) 30 June 2025 31 December 2024 Investment property – wholly owned 16,879.9 15,732.1 Investment property – share of JVs/Funds Trading property (including share of JVs) Less: developments 1,416.4 1,076.8 Less: landbank 1,371.8 1,292.4 Completed property
Slide 42: LTV
LTV LTV (€ million) 30 June 2025 31 December 2024 Investment Property 15,463.5 14,655.3 Investment Property under Development 1,416.4 1,076.8 Property, Plant and Equipment 256.1 248.4 Gross Asset Value 17,136.0 15,980.5 Bonds 4,766.3 4,043.1 Interest-bearing loans and borrowings from financial insti
Slide 43: Cost of debt
Cost of debt Cost of Debt (€ million) 30 June 2025 (LTM) 31 December 2024 Net finance costs (IFRS) -281.0 -181.1 To be excluded: Profit in loss from fin assets and liabilities for trading -1.2 -1.9 Exchange rate differences -8.3 5.9 Other financial income 5.4 37.2 Other financial expense -32.7 -17.3
Slide 44: Portfolio
Portfolio GAV1 Standing2 Landbank2 IPuD PPE Portfolio split by value (in %) (€17,136m) (€14,092m) (€1,372m) (€1,416m) (€256m) Czech Republic 42% 43% 28% 40% 63% Romania 15% 16% 10% 8% 9% Germany 11% 10% 19% 8% 4% Hungary 8% 8% 8% 5% 5% Slovakia 8% 7% 10% 11% 2% Poland 7% 6% 13% 15% 2% Serbia 4% 4% 4
Slide 45: Portfolio
Portfolio Standing IPuD Landbank Portfolio split by sqm (‘000) (13,481 sqm) (2,025 sqm) (26,083 sqm) Czech Republic 4,376 32% 638 32% 8,578 33% Romania 3,055 23% 151 7% 4,248 16% Germany 1,714 13% 171 8% 1,530 6% Hungary 1,237 9% 144 7% 2,633 10% Slovakia 977 7% 118 6% 2,150 8% Poland 849 6% 404 20%
Slide 46: Financial calendar
Financial calendar Event: Date: Capital Market Days in Wuppertal, Germany 24-25 September 2025 Q3-2025 results 6 November 2025 FY-2025 results 26 February 2026 46
Slide 47: 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 48: Investor Relations contact
Maarten Otte, Head of Investor Relations and Capital Markets Mobile: +420 730 197 500 Email: maarten.otte@ctp.eu 48