Slide 1: Results as of September 30, 2020
PARK VIEW RESULTS AS OF SEPTEMBER 30, 2020 October 22, 2020 DESIGNING, BUILDING, MANAGING AND INVESTING in cities, neighbourhoods and buildings that are innovative, diverse, inclusive and connected with a reduced carbon footprint. Desirable places to live and work. This is our ambition. This is our
Slide 2: Disclaimer
DISCLAIMER This presentation is not an offer or an invitation to sell or exchange securities, or a recommendation to subscribe, buy or sell Icade securities. Distribution of this document may be restricted in certain countries by legislation or regulations. As a result, any person who comes into pos
Slide 3: Table of Contents
TABLE OF CONTENTS 1. Q3 2020 Key takeaways 2. Focus on business and outlook • • • 3. Covid-19 impact on 2020 NCCF: lower than expected 4. Updated FY 2020 Guidance 5. Conclusion RESULTS AS OF SEPTEMBER 30, 2020 I 3
Slide 4: Key Takeaways
1 KEY TAKEAWAYS KEY TAKEAWAYS RESILIENT BUSINESS INDICATORS as of end of September • Continued growth in GRI from Property Investment in Q3, up +6.9% • High rent collection rates, in line with the pre-Covid situation (over 97% for Q2; already over 92% for offices and 96% for healthcare for Q3 rents)
Slide 5: Consolidated Revenue as at September 30, 2020
1 KEY TAKEAWAYS CONSOLIDATED REVENUE AS AT SEPTEMBER 30, 2020 RESULTS AS OF SEPTEMBER 30, 2020 I 5
Slide 6: Office Property Investment - Q3 2020 Highlights
2 OFFICE PROPERTY INVESTMENT OFFICE PROPERTY INVESTMENT - Q3 2020 HIGHLIGHTS A SOLID PORTFOLIO AND ACTIVE CRISIS MANAGEMENT KPI OUTLOOK A resilient and diversified tenant portfolio GRI • 88% of GRI coming from large companies and listed companies, public sector companies or government agencies, midd
Slide 7: Healthcare Property Investment - Q3 2020 Highlights
2 HEALTHCARE PROPERTY INVESTMENT HEALTHCARE PROPERTY INVESTMENT - Q3 2020 HIGHLIGHTS IN LINE WITH THE PRE-CRISIS TREND KPI OUTLOOK GRI A limited financial impact on healthcare providers • 90% of rental income generated by leading healthcare operators €224.5m Impact of the crisis on 2020: • Exception
Slide 8: Property Development - Q3 2020 Highlights
2 PROPERTY DEVELOPMENT PROPERTY DEVELOPMENT - Q3 2020 HIGHLIGHTS STRONG FUNDAMENTALS KPI OUTLOOK A back-to-normal situation and a sustained demand for residential • 100% of construction projects have fully resumed and the pace of housing starts has returned to pre-crisis levels ECONOMIC REVENUE The
Slide 9: Covid-19 Impact on 2020 NCCF: Lower than Expected
3 IMPACT OF THE COVID -19 CRISIS COVID-19 IMPACT ON 2020 NCCF: LOWER THAN EXPECTED Estimated at Estimated at July 21, 2020 September 30, 2020 Leasing activity (1) [-€6m; -€4m] Office -€6m NET CURRENT CASH FLOW Investment Impact of postponed [-€9m; -€7m] completions/acquisitions (2) Healthcare Invest
Slide 10: FY 2020 Guidance
4 GUIDANCE FY 2020 GUIDANCE Guidance announced on February 17, 2020 Updated FY 2020 guidance (suspended on March 23, 2020) 2020 NCCF (in € per share): 2020 NCCF: c. €4.80 per share slightly lower than 2019, Limited shortfall in a context of crisis (c. -8.8% vs. 2019) +5% excluding impact of 2019 dis
Slide 11: Conclusion
5 CONCLUSION CONCLUSION TEAMS FOCUSED ON TODAY… AND LOOKING TOWARDS TOMORROW ICADE’S TEAMS ARE TAKING PROACTIVE STEPS TO COPE WITH THE COVID CRISIS AND PREPARE ICADE FOR THE FUTURE IN ORDER TO PURSUE GROWTH DYNAMICS IN LINE WITH RECENT YEARS NOVEMBER 23RD, 2020 – INVESTOR DAY ICADE’S POSITIONING IN