Immobiliare Grande Distribuzione Siiq S.p.a. · MIL:IGD
Immobiliare Grande Distribuzione Siiq — IGD SIIQ — Non-Deal Roadshow (September 2023)
90 slides from Immobiliare Grande Distribuzione Siiq's roadshow presentation, September 2023
Slide 1: Road show presentation September 2023
Road show presentation September 2023
Slide 2: Disclaimer
Disclaimer IGD These statements include financial projections and This presentation does not constitute an offer or an estimates and their underlying assumptions, statements invitation t o subscribe for or purchase any securities. regarding plans, objectives and expectations with respect to future o
Slide 3: Index
Index 1 Introduction to IGD Pag. 4 2 Portfolio Pag. 11 3 Operating performance as at 30/06/2023 Pag. 24 4 Financial Results as at 30/06/2023 Pag. 36 5 Financial Structure as at 30/06/2023 and Outlook Pag. 43 6 ESG Strategy at-a-glance Pag. 49 7 Appendix Pag. 77 3
Slide 4: Introduction to IGD
1 Introduction to IGD
Slide 5: IGD Business Model
IGD Business Model A distinctive competitive positioning Well Diversified Across Strong Track-Record of 1 Italy 2 Strategic Positioning 3 Strong Food Anchor 4 Direct Management 39.2k 35.2k 1 30.9k Services 38.0k 33.1k 3 5 30.3k 2 35.3k 23 1 31.6k 30.4k 26.8k 7 24.5k 7 Food Court 24.7k 32.7k 2 5 19.8
Slide 6: A typical example: Centro Esp in Ravenna
A typical example: Centro Esp in Ravenna Industrial area Dominant (1) and touristic area Our assets are the dominant Industrial and retail destination in their Romagna’s «Riviera» touristic port (110km touristic destination) catchment area Densely populated residential neighborhoods «Urban» shopping
Slide 7: An overview of our Group structure
An overview of our Group structure (1) 70.7% Revenues (2) Parent Company 100% Financial Debt 100% 16.2% Revenues Italian Facility Management No Financial Debt 100% 6.1% Revenues Romania No Financial Debt 100% Development project in 7.0% Revenues Livorno No Financial Debt 1. For a complete group char
Slide 8: Our shareholding structure
Our shareholding structure Share Capital Average Market Capitalization Number of shares: 110,341,903 01/01 – 31/07/23: approx. € 650 Mn €305 Mn Average 01/01 – 31/07/23 Listed on the Italian Stock Net Equity EUR 1.0 Bn daily trading: c. 294,470 Exchange in the STAR shares segment Majority of institu
Slide 9: IGD Governance – Directors and Committees
IGD Governance – Directors and Committees IGD’s governance has been in line with the criteria of the Self Regulatory Code of Italian Stock Exchange since it was listed. An internal Corporate Governance Code has been in use since 2008. CEO EXECUTIVE Claudio Albertini CHAIRMAN Timothy Guy Rossella Sao
Slide 10: Our Top Management
Our Top Management Rossella Saoncella (1953) Chairman Claudio Albertini (1958) Chief Executive Officer • Appointed in May 2009 • Appointed as IGD’s Chairman on 20 April 2021 • IGD Board member since 2006 • Member of EPRA (1) Advisory Board since 2017 • Member of ECSP’s (2) Nominations Committee sinc
Slide 11: Portfolio
2 Portfolio
Slide 12: IGD: a portfolio of high quality assets
IGD: a portfolio of high quality assets IGD Main Italian Asset Centro Sarca Esp Le Maioliche Centro Borgo Centro Lame Puntadiferro Centro Leonardo Conè Conegliano Sesto S.Giovanni Ravenna Faenza (RA) Bologna Bologna Forlì Imola (BO) (TV) (MI) North Centro Piave Clodì Centro Nova Mondovicino Nuova Da
Slide 13: Portfolio market value
Portfolio market value Gross Initial EPRA Net Initial EPRA Net Initial Financi FY 2022 1H 2023 Δ% Yield Yield Yield topped up occupan Malls Italy 1,466.5 1,406.3 (-4.11%) 7.50% 94.1% 6.0% 6.3% Hypermarkets Italy 401.2 398.6 (-0.63%) 6.71% 100.0% Romania 128.3 126.9 (-1.14%) 8.18% 6.5% 7.0% 96.82% Po
Slide 14: Market value evolution
Market value evolution ITALY ROMANIA € 2,080.9mn € 2,005.1mn The change in FV is due to the increase in rates applied: • Actual Yield Italy* 8.18% (+63 bps); • Net Exit Yield Italy* 6.74% (+48 bps); • Actual Yield Romania 9.65% (+134 bps); • Net Exit Yield Romania +7.15% (+30 bps) * Malls + hypermar
Slide 15: Shopping centers confirmed to be a profitable assets class
Shopping centers confirmed to be a profitable assets class CBRE prime yields Italia Average IGD’s malls net exit yield 6.95% 6.50% 5.15% 5.00% 4.10% 3.90% 3.75% BTP10Y yield Shopping centers are the asset class with the largest spread with respect to the Italian BTP10y yields and better positioned i
Slide 16: Epra indicators
Epra indicators € per share 1H 2023 FY 2022 Δ% NRV 9.54 10.28 -7.1% NTA 9.47 10.20 -7.2% NDV 9.76 10.06 -2.9% Some figures may not add up due to rounding 16
Slide 17: Sustainability: BREEAM in Use certified assets
Sustainability: BREEAM in Use certified assets 17
Slide 18: Investment pipeline c. 82€mn
Investment pipeline • Pipeline confirmed and almost completed by the end of 2023 • Investment reduction from 2024, no development projects c.82€mn 19€mn ~13 21€mn 3€mn 18€mn ~ 32 8€mn 35€mn ~12 Non committed investments ~ 25 Committed investment 1H2023 investments 2H2023 expected 2024 expected inves
Slide 19: Total mixed-use redevelopment of Livorno waterfront
Total mixed-use redevelopment of Livorno waterfront 1st Area PIAZZA MAZZINI RETAIL (32 shops) AND RESIDENTIAL (73 flats sold) 2nd Area OFFICINE COMPLETED STORICHE RETAIL AND RESIDENTIAL WORK IN PROGRESS «EDIFICIO DELL’OROLOGIO» REFURBISHED Public spaces for events and exhibitions 19
Slide 20: Officine Storiche retail
Officine Storiche retail 14 September 2023 ICONIC SHOPPING AND Opening ENTERTAINMENT DESTINATION >16,000 m2 GLA (16 shops, 11 food&beverage, 1 entertainment area, 1 fitness center) > 95% let 20
Slide 21: Officine Storiche residential
Officine Storiche residential 42 flats 29 units sold 3 binding proposals CASH IN: c.7€mn in 2022 c.7€mn expected in 2023 21
Slide 22: Update restyling in progress: Portogrande (Ap)
Update restyling in progress: Portogrande (Ap) COMPLETE RESTYLING: Mall: • Floor, walls and windows • Relamping with LED lighting system Exterior: • New facades, entrances and lighting system • Photovoltaic system on the parking lots • New green areas Work start: January 2023 End of work: 4Q 2023 22
Slide 23: Update restyling in progress: Centro Leonardo (Imola – BO)
Update restyling in progress: Centro Leonardo (Imola – BO) COMPLETE RESTYLING : Mall: • New layout of common areas • Relamping with LED lighting system Start work: May 2023 End of work: 2Q 2024 Esterno: • New entrances • Green areas • LED lightins system Start work : gennaio 2024 End of work : 3Q 20
Slide 24: Operating performance as at 30/06/2023
3 Operating performance as at 30/06/2023
Slide 25: Good operating performances continue in Italian shopping centers…
Good operating performances continue in Italian shopping centers… IGD’S MALLS PROGRESSIVO PROGRESSIVO +8.1% +6.4% Vendite operatori Ingressi Vendite operatori Ingressi Footfalls FIRST 7 MONTHS Tenant Sales IGD’S HYPER/SUPER MARKETS +4.8% FIRST 7 MONTHS *Total change 2023 vs 2022 25
Slide 26: …and all the merchandise categories increase
…and all the merchandise categories increase Tenant sales Italy Jan-Jul 23 vs Jan-Jul 22 Clothing Household Culture, leisure, Personal and Electronics Restaurants Services goods gift items healthcare (48.3%) (7.1%) (11.4%) (8.6%) (10.6%) (7.6%) (4.5%) (Weight on tot. rents) Some brands of IGD’s port
Slide 27: E-commerce in Italy…
E-commerce in Italy… ➢ E-commerce penetration rate on product is stable at 11% for the third year in a row while penetration rate on services is increasing. E-commerce penetration rate on services E-commerce penetration rate on products ➢ The highest peaks of online sales, reached every year in Dece
Slide 28: …and our response
…and our response What IGD is doing: ➢ Tenant sales and footfall are up in 2023 compared to 2022, testifying to the interest of visitors in frequenting IGD Shopping Centers ➢ IGD implemented a Digital Plan in 2020; in 2021 defined a Customer Relationship Management (CRM) system. Current focus: incre
Slide 29: Leasing activities in Italy…
Leasing activities in Italy… LEASING ACTIVITIES • 87 contracts (representing ca. 4% of Group total rent) of which 60 renewals and 27 turnover • Downside -4.4%* (more than offset by 1H indexation effect:+7.2%) • Estimated figure for FY 2023: -2% (based on on-going negotiations) Stable vs 1Q23 OCCUPAN
Slide 30: …and in Romania
…and in Romania 212 renewals UPSIDE +2.3% 99 turnovers OCCUPANCY 96.8% Stable vs 1Q23 COLLECTION RATE* c. 95% Some pictures from the latest opening * Figure as at 1 August 2023 30
Slide 31: An example of space remodeling: La Torre – Palermo
An example of space remodeling: La Torre – Palermo • FOOTFALLS Hypermarket reduction 3 new medium surfaces and change of tenant created (7,200m2 GLA) (+4,700m2 GLA) +16% (2023 vs 2022) • OCCUPANCY 100% • Soaring of hypermarket profitability due to surfaces Creation of new stands recalibration: +70%*
Slide 32: Puntadiferro in Forlì 1/2
A constantly evolving portfolio: the example of Puntadiferro in Forlì 1/2 An area of the city Strategies and activities carried out by IGD in the that is expanding: last months: industrial area in further ➢ A more differentiated offer in the food court with development + an adjacent Retail new healt
Slide 33: Puntadiferro in Forlì 2/2
A constantly evolving portfolio: the example of Puntadiferro in Forlì 2/2 Occupancy*: 96.1% 85% FY2021 1H2023 Operating Performances jan-jul23vs22: +11.4% +9.4% TENANT SALES FOOTFALLS *On GLA 33
Slide 34: Tiburtino in Rome 1/2
A constantly evolving portfolio: the example of Tiburtino in Rome 1/2 Strategies and activities carried out by IGD in the last months: ➢ More non-food category killers with a focus on convenience ➢More restaurants ➢ New attractive international and national brands and expansion of the «Household goo
Slide 35: Tiburtino in Rome 2/2
A constantly evolving portfolio: the example of Tiburtino in Rome 2/2 Occupancy*: 97.3% 89.1% FY2021 1H2023 Operating Performances jan-jul23vs22: +12.1% +11.2% TENANT SALES FOOTFALLS *On GLA 35
Slide 36: Financial Results as at 30/06/2023 and Outlook
4 Financial Results as at 30/06/2023 and Outlook
Slide 37: Highlights
Highlights 1H2023 Δ vs Like for FY2022 FY2021R* (€mn) 2022 like (€mn) (€mn) Rental Income 70.1 +1.6% 137.3 134.2 Net Rental Income 59.1 +3.4% +7.8% 114.0 108.3 Core Business Ebitda 53.8 +3.8% 103.4 97.1 Funds From Operations (FFO) 30.9 -9.0% 67.2 56.5 Real Estate Portfolio 2,005.1 -3.6% 2,080.9 2,14
Slide 38: Net rental Income
Net rental Income Like for like Change vs 2022 net rental +1.1 €mn income +7.8% +3.4% €mn Like for like: +7.8% (+4.2 €mn) • Malls Italy (+5.4%): positive effects of commercialization and indexation (for approx. 3.5 €mn +7.2%), partially offset by higher temporary discounts (-1.0 €mn); temporary and
Slide 39: Core business Ebitda
Core business Ebitda (€mn) Change vs 2022 +2.0€mn +3.8% Core business 2022 2023 EBITDA 71.3% 72.8% MARGIN EBITDA 2022 2023 MARGIN 73.3% 75.1% freehold Some figures may not add up due to rounding 39
Slide 40: Financial Management
Financial Management IFRS16 and non recurring charges Financial Management adj.* : + 4.7mn vs 2022 (+35.5%) due to new loans obtained in 2022 and 2023 at higher costs *Financial management adj: net of IFRS16 (0.7€mn) and IFRS9 and non recurring charges Some figures may not add up due to rounding 40
Slide 41: Funds From Operations (FFO)
Funds From Operations (FFO) Of which: +2.0 €mn change in core business Ebitda; -0.3 €mn payable leases; -0.1 other non recurring Change vs 2022 -3.1€mn -9.0% * Financial management adj:Per netil of IFRS16 calcolo and IFRS9, dell’FFO sono non staterecurring charges considerate and negative le locazio
Slide 42: 2023 Outlook review
2023 Outlook review Considering the solid operating results achieved, and based on the currently predictable scenario, the Company expects FFO for FY 2023 to increase, compared to what was disclosed on 23 February (€53 million) Funds From Operation (FFO) 2023 is expected at approx. € 54-55 million T
Slide 43: Financial Structure as at 30/06/2023
5 Financial Structure as at 30/06/2023
Slide 44: Net debt and LTV
Net debt and LTV NET DEBT NET DEBT FY2022 1H2023 € 976.94 mn €981.97 mn -10,6 -17,5 33,1 LongStrumenti finanziari a term financial Strumenti finanziari lungo terminea instruments lungo1.145,11 termine Long term financial 991.01 1.145,11 instruments 976,9 982,0998.28 Short term financial instruments
Slide 45: Debt Maturity
Debt Maturity Bond Exp. Nov. 2024 €215mn unsecured senior Remaining part of green loan €250mn (5y) secured 3+(1+1 opz.) green loan Secured Green Loan post amortization €250€mn: • May ‘23: I tranche • 130€mn already used • II tranche 120€mn by Jan‘24 45
Slide 46: Financial strategy
Financial strategy Maintaining a rigorous financial discipline consistent with IG profile Early refinancing of maturities Significant track record of refinancing transactions also by means of sustainable finance tools 46
Slide 47: Financial management activities carried out and next steps
Financial management activities carried out and next steps Phase 1 Phase 2 Phase 3 Renegotiated maturities Fase 1 up to 1H2024 In progress Next steps Rinegoziate le scadenze degli ultimi 2 anni C. €486MN LOANS DISPOSALS REFINANCING OBTAINED IN THE LAST YEAR*: To reduce indebtedness and €400mn bond (
Slide 48: A strategic asset rotation to reduce leverage
A strategic asset rotation to reduce leverage In the Business Plan disposal of assets was considered optional, while now it is an integral part of the Group’s financial strategy. The scope of potential targets has also been enlarged with respect to the original plan. Potential targets Strategic rati
Slide 49: ESG Strategy At-a-glance
6 ESG Strategy At-a-glance
Slide 50: IGD sustainability steps
IGD sustainability steps 2011 IGD’s first Sustainability Report (on 2010 data) 2012-2014 Process for greater internal awareness 2013 Sustainability issues incorporated in the Plan 2014-2015 Materiality analysis and new approach to the report 2016 Sustainability Report approved for the first time by
Slide 51: Material issues
Material issues The 10 material issues represent the cornerstones upon which sustainability planning and strategy is based GREEN RESPONSIBLE ETHICAL ATTRACTIVE TOGETHER 1. Road to zero 3. Good 5. Governance, 7. Enhancement 10. Relations emissions employment ethics and of the with 2. Zero waste 4. We
Slide 52: Memberships, ESG rating and other awards
Memberships, ESG rating and other awards Universities lectures and testimonies Member of the Member of the Chairman of the Member of Impronta IGD is called to spoke EPRA Sustanability Sustainability Group ESG Commission Etica* since 2010. about its CSR path at Committee since 2018. university classe
Slide 53: 2022-2024 Sustainability Plan
2022-2024 Sustainability Plan 41 targets at 2024: 22 ambitions toward 2030 • Material for IGD STRATEGY • Consistent with UN SDG’s IGD RELEVANT SDG’S 53
Slide 54: CSR achievements in line with the 2022-2024 BP
CSR achievements in line with the 2022-2024 BP 48.2% ACHIEVEMENT LEVEL OF SUSTAINABILITY TARGETS AS AT 1H 2023 • The path defined in the 2022-2024 Business Plan confirmed • Targets to reduce Scope 3 emissions in line with SBTI* are being defined *Science Based Target Initiative 54
Slide 55: GHG emissions considerably reduced over the last 5 years
Sustainability: GHG emissions considerably reduced over the last 5 years - 26.2% -18% District Heating: - Monitoring and efficiency actions -19% Electricity consumption: - Led lighting systems - Photovoltaic system -27% Fuel consumption: - Plant improvements (ex. new boilers) - Management interventi
Slide 56: Sustainability in Romania
Sustainability in Romania 2 PHOTOVOLTAIC ENERGY SYSTEM installed in our shopping centers 2 more plants expected to be installed whithin 3Q23 56
Slide 57: Focus on biodiversity: Centro d'Abruzzo example
Focus on biodiversity: Centro d’Abruzzo example Path towards conserving and enhancing biodiversity near the shopping centers In Centro D’Abruzzo: «The bees’ garden», a green oasis that hosts 2 «Beehotel». 57
Slide 58: Some details of the CSR achievements
Some details of the CSR achievements Invested more than €3.0 mn Bio Safety Certification Induction actitivies Carried out Defined the to improve energy efficiency; obtained for all freehold with the BoD relating Sustainability assets, as well as for the to corporate restyling/refurbishme Framework r
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59 59
Slide 60: What we have done_Green
What we have done_Green 8 Photovoltaic systems installed in 7 Shopping Centers The Shopping Centres can have an impact on the environment due to: 20 Shopping Centres equipped with LED lighting systems 1. the large amount of energy they consume 2. the road traffic they can create 85% Electricity from
Slide 61: Green
Green 1 2 3 4 2024 TARGETS 2030 OBJECTIVES CLIMATE CHANGE • 100% green energy purchased • Zero carbon emissions (scope 1 and 2) at 100% of the Italian shopping centers • double the use of energy produced from renewable sources • Reduce indirect emissions (scope 3) • -15% reduction in energy consumpt
Slide 62: ESG Capex: Energy efficiency targets
ESG Capex: Energy efficiency targets Main targets -21.5% GHG emissions (at 2025 location based «baseline 2018») At least 1 asset carbon positive Centro Tiburtino (Roma) - render of the main entrance (at 2030) 100% Use of energy from renewable sources (already in place) Centro Sarca (Milano) – render
Slide 63: ESG Capex: Energy efficiency improvements
ESG Capex: Energy efficiency improvements 7 Photovoltaic systems to be added to the 8 already existing 63
Slide 64: Green Transition
Green Transition 1 2 3 4 Main targets 100% of the shopping centers with charging stations Different types of charging stations (traditional, fast, Tesla) across the whole network 50% of the shopping centers with fast charging stations (agreement with top international player) 100% of the assets ISO1
Slide 65: Responsible
responsible
Slide 66: Responsible
RESPONSIBLE 98% % permanent contracts(2022) IGD undertakes to behave in a responsible manner towards people. With its employees it is committed to fostering “good 100% % employees trained during the year (2022) employment”, where continuous skills development and the promotion of these are two of it
Slide 67: Responsible: 2024 targets and 2030 objectives
Responsible 1 2 3 4 2024 TARGETS 2030 OBJECTIVES WORKPLACE QUALITY • Training: 100% of the employees in Italy and • Gender equality in roles of responsibility Romania each year • Improve employees’ wellbeing and expertise • 1 employee satisfaction survey and 2 «pulse surveys» • «Sustainability Innov
Slide 68: becoming
becoming g.be.a.t.
Slide 69: Ethical
ETHICAL % of least represented gender in the Board of 45% Directors • IGD adopted a governance system aligned with the best practices of listed companies. • The Company undertakes to operate ethically 7 on 11 Independent Directors and to ensure that all the necessary safeguard measures are in place,
Slide 70: Ethical: 2024 targets and 2030 objectives
Ethical 1 2 3 4 2024 TARGETS 2030 OBJECTIVES • Corporate cybersecurity strategy • Best-in-class for corporate governance and legality • Systematic assessment of the providers along the supply chain with a view to sustainability • CSR policies included in company supply chains • Maintain the highest
Slide 71: attractive
attractive
Slide 72: Attractive
ATTRACTIVE IGD’s commitment to ensure its Shopping Centres 21.7% Social-environmental events - % out of total are, and remain, attractive, involves: (2022) • A continuous enhancement of the areas, both 2.3 millio Total € spent annually by IGD Shopping Centres on from an architectonic point of view a
Slide 73: Attractive: 2024 targets and 2030 goals
Attractive 1 2 3 4 2024 TARGETS 2030 GOALS SUSTAINABLE ENHANCEMENT OF THE PORTFOLIO • 4 key restyling/remodeling projects • Up to 10 sustainable restylings completed to renew and enhance the portfolio • 100% with projects aiming to increase visitors’ well OFFER being • Commercial and strategic adjus
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74
Slide 75: Together
TOGETHER IGD enters into contact with a variety of stakeholders, both at institutional level and at a more local one. 1.300 Meeting with tenant (2022) • It has established a continuous dialogue with these in order to understand their 2 million Sponsorships to local associations (2012-2022) needs and
Slide 76: Together: 2024 targets and 2030 objectives
Together 1 2 3 4 2024 TARGETS 2030 OBJECTIVES STAKEHOLDER ENGAGEMENT Relationship with investors/financial community • Partnering with tenants in sustainability • 1st Sustainability Framework defined and issue • Partnerships with NGOs of 1st Sustainability Linked Bond • Investor/CSR Day and theme-ba
Slide 77: Appendix
7 Appendix
Slide 78: Consolidated Income Statement
Consolidated Income Statement GROUP CONSOLIDATED (a) (c) Δ Δ CONS_1H 2022 CONS_1H 2023 (c)/(a) (c)/(b) Revenues from freehold rental activities 64.5 65.6 1.6% -48.9% Revenues from leasehold rental activities 4.4 4.5 1.8% -49.9% Total income from rental activities 69.0 70.1 1.6% -49.0% Rent and payab
Slide 79: Re-classified balance sheet
Re-classified balance sheet Sources - Uses of funds (€/000) 30/06/2023 31/12/2022 Δ Δ% Fixed assets 1,969,733 2,041,330 -71,597 -3.5% Assets under construction 35,223 36,662 -1,439 -3.9% Other non-current assets 42,645 43,190 -546 -1.3% Other non-current liabilities -26,323 -27,228 905 -3.3% NWC 9,6
Slide 80: Funds From Operations (FFO)
Funds From Operations (FFO) Δ% Funds from Operations CONS_2022 CONS_2023 Δ 2022 vs 2022 Core business EBITDA 51.8 53.8 2.0 3.8% IFRS16 Adjustments (Payable leases) -4.1 -4.4 -0.3 6.5% Financial management Adj* -13.2 -17.9 -4.7 35.6% Extraordinary management Adj 0.0 0.0 0.0 n.a. Gross margin from tra
Slide 81: Other EPRA Metrics
Other EPRA Metrics EPRA Performance Measure 30/06/2023 31/12/2022 EPRA NRV (€'000) 1.052.986 1.133.860 EPRA NRV per share € 9,54 € 10,28 EPRA NTA 1.045.293 1.125.979 EPRA NTA per share € 9,47 € 10,20 EPRA NDV 1.077.334 1.110.002 EPRA NDV per share € 9,76 € 10,06 EPRA Net Initial Yield (NIY) 6,0% 6,0
Slide 82: EPRA Net Asset Value
EPRA Net Asset Value 30/06/2023 31/12/2022 Net Asset Value EPRA NRV EPRA NTA EPRA NDV EPRA NRV EPRA NTA EPRA NDV IFRS Equity attributable to shareholders 1.040.798 1.040.798 1.040.798 1.121.800 1.121.800 1.121.800 Exclude: v) Deferred tax in relation to fair value gains of IP 17.680 17.680 18.175 18
Slide 83: More financial highlights and debt breakdown
More financial highlights and debt breakdown 31/12/2022 30/06/2023 Debt breakdown* Gearing ratio 0.87X 0.95X Average lenght of long-term debt 2.7 years 2.7 years Hedging on long-term debt + bond 84.3% 86.5% Share of M/L debt 92.6% 88.0% Uncommitted credit lines granted 118€ mn* 113 € mn Uncommitted
Slide 84: Contracts and key tenants Italy
Contracts and key tenants Italy Merchandise Turnover Malls TOP 10 Tenant Contracts category impact N 136 N 242 N 164 N 843 clothing 2.7% 11 clothing 2.5% 10 electronics 2.4% 9 Average residual maturity: 4.1 years clothing 2.0% 10 Total contracts: 1,385 of which 60 renewals with the same tenant and 2
Slide 85: Contracts and key tenants Romania
Contracts and key tenants Romania Merchandise Turnover TOP 10 Tenant Contracts category impact Winmarkt supermarkets 11.0% 11 N 162 N 211 N 106 N 106 clothing 6.0% 6 clothing 4.6% 11 clothing 3.6% 7 drugstore 2.5% 5 healthcare 2.1% 4 offices 1.9% 1 restaurants 1.6% 1 Average residual maturity: 4.3 y
Slide 86: Merchandising & Tenants Mix
Merchandising & Tenants Mix Italy Romania Merchandising Mix* Tenant Mix* 86 *internal processing on sqm
Slide 87: Winmarkt Portfolio
Winmarkt Portfolio 2022-2024 Plan Main characteristics Highlights Extended network Approx. €5mn capex plan (safety, maintenance and environmental) Strategic locations Approx. €19.4mn of generated FFO Adaptable and flexible Approx. € 13.5mn assets of generated dividends Direct 100% self-financed mana
Slide 88: Porta a Mare Livorno Mixed-use project
Porta a Mare Livorno Mixed-use project D C A B A Piazza Mazzini C Officine Storiche • Retail: operating, 100% owned by IGD • Retail: >16k sqm, • Residential: 73 flats, sales completed • Residential: 42 flats, sales ongoing B Palazzo Orlando D Sub areas Lips, Molo Mediceo and Arsenale • Offices: sold
Slide 89: Italian Portfolio composition
Italian Portfolio composition 27 shopping malls 19 hypermarkets Tenants of hypermarkets CENTRO D'ABRUZZO - Pescara CENTRO D'ABRUZZO - Pescara Coop Alleanza 3.0 CLODI' - Chioggia CLODI' - Chioggia Coop Alleanza 3.0 PORTO GRANDE - Porto d'Ascoli (AP) PORTO GRANDE - Porto d'Ascoli (AP) Coop Alleanza 3.
Slide 90: Investor relations contacts
Raffaele Nardi Director of Planning, Control and investor relations raffaele.nardi@gruppoigd.it Claudia Contarini, Investor Relator T. +39 051 509213 claudia.contarini@gruppoigd.it Elisa Zanicheli, IR Team T. +39. 051 509242 elisa.zanicheli@gruppoigd.it Federica Pivetti, IR Team T. +39. 051 509260 f