Mlp Group Sa · GPW:MLG
Mlp Group Sa — Investor Presentation (January 2026)
32 slides from Mlp Group Sa's investor presentation, January 2026
Slide 1: MLP Group Investor Presentation
MLP GROUP Conservative Approach To Growth In Industrial Assets In Core Urban Areas In Europe Investor Presentation January 2026 MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE
Slide 2: Agenda
AGENDA 1 MLP GROUP AT A GLANCE Pg 03 2 KEY CREDIT HIGHLIGHTS Pg 13 3 FINANCIAL ACTIVITY Pg 24 A APPENDIX Pg 29 Investor Presentation MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE 2
Slide 3: MLP Group at a Glance
01. MLP GROUP AT A GLANCE MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE
Slide 4: Conservatism, risk management & diversification
01. MLP GROUP AT A GLANCE Conservatism, risk management & diversification MLP Group is a leading European logistics platform with a vertically integrated business model, specializing in the development, ownership, and management of Class A, modern, multi-tenant, generic warehouse and industrial prop
Slide 5: Operational excellence & disciplined investment strategy
01. MLP GROUP AT A GLANCE Operational excellence & disciplined investment strategy STRONG OPERATING METRICS (AS OF SEPTEMBER 30, 2025) 1.6 mn sqm 95% 99% GLA Long-term Occupancy(1) Retention rate 100% 99% 7.8 Years (2) Lease contracts indexed with Rent collection WAULT EURO HICP (in 60 days) c. 80%
Slide 6: Operational Matrix Update
01. MLP GROUP AT A GLANCE Operational Matrix Update KEY OPERATIONAL RESULTS YE 2024 3Q 2025 YE 2025(1) Run-Rate 56.2 mn EUR 61.1 mn EUR 65.8 mn EUR Adjusted EBITDA EBITDA as of FY24, adjusted for the EBITDA as of LTM 3Q 2025, adjusted for EBITDA as of LTM 3Q 2025, adjusted for run-rate contribution
Slide 7: Compelling story of sustainable growth
01. MLP GROUP AT A GLANCE Compelling story of sustainable growth GAV HAS MULTIPLIED BY 4.2X IN 7 YEARS DEVELOPED SPACE, UNDER CONSTRUCTION GAV (EURm) Recurring EBITDA & IN PREPARATION STAGE (SQM) 1,644k 1,622k 612k 751k 857k 1,000k 1,106k 1,388k 47 43 15 14 19 21 33 44 1 413 1 292 938 1 037 729 420
Slide 8: MLP is active in strong European countries
01. MLP GROUP AT A GLANCE MLP is active in 4 strong European countries 25% Hamburg ● Focus on acquiring €1.41 bn Gorzów Berlin Wielkopolski PL€1.03bn development sites adjacent to existing parks, or in sought- Berlin / Poznań Pruszków/Warsaw PORTFOLIO Dortmund / Castrop-Rauxel Spreenhagen VALUE afte
Slide 9: Key updates in the last months
01. MLP GROUP AT A GLANCE Key updates in the last 12 months1 1.74 MWP INSTALLED STABLE CAPITAL 12% REVENUE 188K SQM OF SPACE 327K SQM OF NEW SOLAR CAPACITY STRUCTURE WITH GROWTH(2) IN Q3’25 LEASED PROJECTS LAUNCHED LAUNCHED LONG TERM YTD IN Q3’25 YTD IN Q3’25 YTD IN Q3'25 YTD MATURITIES ● Key financ
Slide 10: MLP Group's key strategic objectives
01. MLP GROUP AT A GLANCE MLP Group’s key strategic objectives Asset base diversification through Continued sustainable growth of the expansion in Germany (focus on Ruhr area, 1. portfolio in the core cities in the core markets, only generic products. 4. Munich, Frankfurt) and Vienna; target of Germ
Slide 11: Summary of MLP Group's ESG Strategy
01. MLP GROUP AT A GLANCE Summary of MLP Group’s ESG Strategy STRATEGIC GOALS TASKS TO ACHIEVE GOALS ● Renewable Energy from photovoltaic + energy efficiency Reducing the company’s negative impact on the ● Reducing water consumption environment ● Waste management ● Biodiversity ● MLP Group has an ES
Slide 12: Client testimonials
01. MLP GROUP AT A GLANCE Client testimonials GROWTH IN INDUSTRIAL ASSETS BACKED BY CLIENT EXPERIENCES AND TESTIMONIALS Robert Ciechociński – Lear Corporation Jakub Wróblewski – DACHSER Sp. z o.o. “Our cooperation with MLP Group is based on trust and "As DACHSER, we have been cooperating with MLP Gr
Slide 13: Key Credit Highlights
02. KEY CREDIT HIGHLIGHTS MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE
Slide 14: MLP boasts exceptional credit fundamentals
02. KEY CREDIT HIGHLIGHTS MLP boasts exceptional credit fundamentals MLP Group is a leading European logistics platform with a vertically integrated Attractive blue-chip tenant base (Dun & business model, specializing in the Bradstreet rated 1 or 2) achieving like-for- like rental growth (10% as of
Slide 15: Vertically integrated business model
02. KEY CREDIT HIGHLIGHTS Vertically integrated business model VALUE UPLIFT STRATEGIC ACQUISITIONS STRONG DEVELOPMENT FOR GROWTH CAPABILITIES VALUE CREATION MODEL ● Targeting value-add ● Dedicated teams, capital, and opportunities landbank for continued project delivery ● Leveraging local, market-sa
Slide 16: Industrial sector benefits from structural growth drivers
02. KEY CREDIT HIGHLIGHTS Industrial sector benefits from structural growth drivers ● Tech-powered logistics —automation and AI driving faster, smarter operations ● World-class infrastructure ensures seamless regional connectivity KEY DEMAND DRIVERS ● High leasing momentum and solid rent growth refl
Slide 17: Target core urban logistics in key resilient markets
02. KEY CREDIT HIGHLIGHTS Target core urban logistics in key resilient markets MLP LOCATIONS VS. MLP’S COMPETITORS Focus on prime locations in core markets: The Group emphasises sites in Poland (its 1. home market), Germany, Austria and Romania, in well-connected regions with strong accessibility, t
Slide 18: Quality portfolio of standardized, sustainable and modern assets
02. KEY CREDIT HIGHLIGHTS Quality portfolio of standardized, sustainable and modern assets LIKE-FOR-LIKE RENTAL GROWTH OF 10% BUILDING – CONSTRUCTION AGE ACHIEVED OVERALL (AS OF LTM 30-SEP) (% OF TOTAL GLA) RE-LETTING EXAMPLES 4% 5% Price/sqm 6% 5 23% 39% 61% 15% 4 22% 23% 6.6 years 32% Average Age
Slide 19: Attractive blue-chip tenant base with exceptional KPIs
02. KEY CREDIT HIGHLIGHTS Attractive blue-chip tenant base with exceptional KPIs 1 Lease Structure – Inflation Protection GLA BY TYPE OF CUSTOMER (SQM) – % ● 100% of rents indexed to CPI income rises with inflation ● Utility reimbursements adjust upward automatically E- commerce Retail ● EUR-denomin
Slide 20: Robust balance sheet, stable cash flows, conservative financial policies
02. KEY CREDIT HIGHLIGHTS Robust balance sheet, stable cash flows, and conservative financial policies NET ASSET VALUE & EBITDA (IN MN EUR) EBITDA 37.9% 40.8% 36.0% 34.1% 38.2% 43.4% 44.9% ● Net LTV increased at a CAGR of ~ 2.9% 50 (2019–Q3 2025), broadly tracking EBITDA’s 22% CAGR and NAV expansion
Slide 21: Strong debt metrics and staggered maturity profile
02. KEY CREDIT HIGHLIGHTS Strong debt metrics and staggered maturity profile PF as of 30-Sep-25 INTEREST COVERAGE RATIO (ICR) (As of 30-Sep-25) Net Total LTV 45% 1,5x 1.7x ICR Run-Rate ICR NAV in EUR mn 663 BANK LOANS BY MATURITY (PF Total debt in EUR mn (all-in) 796 TRANSACTION) among which: IN EUR
Slide 22: Run-rate Adjusted EBITDA bridge
02. 3Q 2025 EBITDA Run-rate Adjusted EBITDA bridge RUN-RATE ADJUSTED EBITDA (IN MN EUR) 18.0 65,8 47.8 LTM 3Q 2025 EBITDA Leases Contribution Run-Rate Adjusted EBITDA 3Q 2025 PF TRANSACTION EURm Net Total Debt / EBITDA 13.3x Net Total Debt / Run-Rate Adjusted EBITDA 9.7x Run-Rate Adjusted EBITDA rep
Slide 23: Experienced, long-standing management team and shareholder base
02. KEY CREDIT HIGHLIGHTS Experienced, long-standing management team and shareholder base CEO & President Vice President SHAREHOLDER STRUCTURE of the Management Board of the Management Board (AS OF SEP 30, 2025) Cajamarca Holland B.V. 23.6% 42.7% Radosław T. Michael The Land Development of Nimrodi G
Slide 24: Financial Activity
03. FINANCIAL ACTIVITY MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE
Slide 25: Historical Financials (1/3)
03. HISTORICAL FINANCIALS (1/3) Dynamic growth and robust cash flow generation over the years TOTAL REVENUE (€MN) RECURRING EBITDA (€MN) 33% 4% 9% 55% 53% 50% 50% 87 94 €65.8m Run-Rate 80 Adjusted EBITDA 60 44 43 47 33 2022 2023 2024 LTM Q3 2025 2022 2023 2024 LTM Q3 2025 % YoY Growth 16% CAGR 2022-
Slide 26: Historical Financials (2/3)
03. HISTORICAL FINANCIALS (2/3) Dynamic growth and robust cash flow generation over the years GAV (€MN) NAV (€MN) 29% 11% 25% 9% 34% 3% 17% 3% 1,413 643 663 1 292 551 533 938 1 037 2022 2023 2024 LTM Q3 2025 2022 2023 2024 LTM Q3 2025 % YoY Growth % YoY Growth TOTAL DEBT (€MN) SENIOR SECURED DEBT (€
Slide 27: Historical Financials (3/3)
03. HISTORICAL FINANCIALS (3/3) Dynamic growth and robust cash flow generation over the years NET LTV (%) GROSS SECURED LTV (%) 45% 45% 43% 29% 26% 23% 38% 13% 34% 10% 2022 2023 2024 LTM Q3 2025 LTM Q3 2025 2022 2023 2024 LTM Q3 2025 LTM Q3 2025 PF transaction PF transaction SENIOR SECURED DEBT / TO
Slide 28: 3Q 2025 Results Summary
03. 3Q 2025 RESULTS SUMMARY Main 3Q 2025 highlights in EUR Q3 2025 Q3 2024 % Q3 2025 EURm Change 9M 9M LTM REVENUES 73 65 12% 94 NET PROFIT /LOSS 21 62 (66%) 46 EBITDA 37 33 13% 48 OCCUPANCY RATE 91%(1) 92% - 91%(1) Note: EBITDA is calculated without revaluation; (1) 93% excluding space delivered du
Slide 29: Appendix
A. Appendix MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE
Slide 30: Glossary
Glossary Term Definition Big Box Large scale warehouse projects or distribution centers CAGR Compound Annual Growth Rate City or urban logistics projects, branded as our MLP Business Parks, offering tenants flexible, small-scale warehouse and light production units, ranging City Logistics from 700 t
Slide 31: Exchange rates used (as per Bank of Poland)
Exchange rates used (as per Bank of Poland) 2022 2023 2024 Q3’24 Q3’25 EUR/PLN P&L (average of reporting 4.6883 4.5284 4.3027 4.3220 4.2365 period)(1) EUR/PLN BS / CF (as of reporting date) 4.6899 4.3480 4.2730 4.2791 4.2692 Note: (1) Arithmetic mean of the mid exchange rates effective on the last d
Slide 32: Thank you!
Thank you! MLP GROUP S.A. ul. 3 Maja 8, 05-800 Pruszków, tel. +48 22 738 30 10 www.mlpgroup.com MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE