Zublin Immobilien Holding Ag · SIX:ZUBN

Zublin Immobilien — Zueblin Immobilien Holding — FY2018/19 Earnings Presentation

23 slides from Zublin Immobilien's earnings presentation, May 22, 2019

  1. Slide 1: Annual Results 2018/19 Presentation

    ANNUAL RESULTS 2018/19 PRESENTATION Annual Results 2018/19 | 22.5.2019 1/23

  2. Slide 2: Agenda

    AGENDA YEAR IN REVIEW FINANCIALS PORTFOLIO AGM 2019 OUTLOOK Annual Results 2018/19 | 22.5.2019 2/23

  3. Slide 3: Year in Review

    YEAR IN REVIEW Annual Results 2018/19 | 22.5.2019 3/23

  4. Slide 4: Financial Restructuring Completed

    YEAR IN REVIEW FINANCIAL RESTRUCTURING COMPLETED Sep 14 Mar 15 Sep 15 Mar 16 Sep 16 Mar 17 Jun 18 Apr 19 NAV (in CHFm) 132 Sep 14 Sep 14 Sep 14 129 • Co-ownership share in office property 122 • Refinancing Swiss portfolio 98 • Distribution of • Sale of German CHF 1.- per portfolio registered share f

  5. Slide 5: Positive Financial Year 2018/19

    YEAR IN REVIEW POSITIVE FINANCIAL YEAR 2018/19 > Net operating income stable at CHF 7.4m > Positive changes in market value CHF 0.6m (CHF 0.9m less than CHF 1.5m in prior year) > Earnings continuing operations CHF 6.2m > Earnings per share: CHF 1.87 > Dividend paid in June 2018: CHF 1.00 per share E

  6. Slide 6: Share Price Development

    YEAR IN REVIEW SHARE PRICE DEVELOPMENT NAV per share Share price reporting date (in CHF) (in CHF) + 2.2% - 14.1% 39.71 39.71 38.85 23.10 23,10 26,90 31.03.2019 31.03.2018 31.03.2019 31.03.2018 Annual Results 2018/19 | 22.5.2019 6/23

  7. Slide 7: Selected KPI's

    YEAR IN REVIEW SELECTED KPI’S Total assets LTV (in CHFm) (in %) + 2.4% - 0.6% 214 214 209 32% 32,2% 32,8% 31.03.2019 31.03.2018 31.03.2019 31.03.2018 Available credit facility Authorized Capital (in CHFm) (in CHFm) + 1.9% 53 53 52 37 37 37 31.03.2019 31.03.2018 31.03.2019 31.03.2018 > Züblin is now

  8. Slide 8: Portfolio

    PORTFOLIO Annual Results 2018/19 | 22.5.2019 8/23

  9. Slide 9: Portfolio Overview

    PORTFOLIO PORTFOLIO OVERVIEW > Acquisition of a co-ownership share in an office and retail property in Zurich-Oerlikon after closing date. Züblin share 3,243m2 of 10,000m2 > Berne, Arco West: Signing of a 800m2 lease agreement in the second half of 2018/19 with start date in the first quarter of 201

  10. Slide 10: Portfolio Overview

    PORTFOLIO PORTFOLIO OVERVIEW Contribution of potential annual income versus vacancy per property Annual Results 2018/19 | 22.5.2019 10/23

  11. Slide 11: Financials

    FINANCIALS Annual Results 2018/19 | 22.5.2019 11/23

  12. Slide 12: Income Statement

    FINANCIALS INCOME STATEMENT (in CHF 1 000) 2018/19 2017/18 ∆ Rental income 8 053 8 086 0% Real estate expenses -658 -635 4% Administrative expenses -4 391 -4 543 -3% EBITDA 3 004 2 908 3% Valuation result 596 1 505 -60% EBIT 3 600 4 413 -18% Net financial expenses -356 -3 843 -91% Income taxes 2 970

  13. Slide 13: Net Financial Expenses

    FINANCIALS NET FINANCIAL EXPENSES (in CHF 1 000) 2018/19 2017/18 ∆ Financial expenses Mortgage expenses -714 -906 -21% Swap expenses - -3’300 >-100% Other interest expenses -3 -30 -90% Currency translation adjustments -124 - >100% Total financial expenses -841 -4‘236 -80% Financial income Interest i

  14. Slide 14: Balance Sheet

    FINANCIALS BALANCE SHEET (in CHF 1 000) 31.3.2019 31.3.2018 ∆ Investment properties 200 880 200 120 0% Other assets 6 815 4 811 42% Cash 6 120 4 465 37% Total asset 213 815 209 396 2% Equity 131 744 128 909 2% Mortgages incl. Swaps 64 769 65 705 -1% Other liabilities 17 302 14 782 17% Total equity a

  15. Slide 15: Cashflow Statement

    FINANCIALS CASHFLOW STATEMENT in kCHF 130 164 10.000 2.320 1.936 9.000 8.000 1.000 3.004 7.000 699 6.120 6.000 5.000 4.465 4.000 Cash EBITDA Net tax Other Investments Dividend Mortgage Interest Cash 1.4.2018 effect 31.3.2019 Cash flow from operating activities Cash flow from investing activities Cas

  16. Slide 16: Development of (EPRA) NAV per share

    FINANCIALS Development of (EPRA) NAV per share (in CHF 1 000) EPRA NAV NAV 31.3.2018 42.63 38.85 Earnings of the shareholders 1.87 1.87 Distribution from capital reserves -1.00 -1.00 Change in other comprehensive income -0.01 -0.01 Other changes (deferred taxes) 0.20 0.00 31.3.2019 43.69 39.71 Share

  17. Slide 17: Corporate Governance

    CORPORATE GOVERNANCE Annual Results 2018/19 | 22.5.2019 17/23

  18. Slide 18: Shareholder Structure as of 31.3.2019

    CORPORATE GOVERNANCE SHAREHOLDER STRUCTURE AS OF 31.3.2019 Lamesa Holding AG 41.7% Ketom AG 5.6% ALSA PK 3.7% Diversified freefloat 49.0% Annual Results 2018/19 | 22.5.2019 18/23

  19. Slide 19: Board of Directors – Executive Management

    CORPORATE GOVERNANCE BOARD OF DIRECTORS – EXECUTIVE MANAGEMENT Members of the Board of Directors • Dr. Iosif Bakaleynik (Chairman) • Vladislav Osipov • Dr. Markus Wesnitzer • Dr. Wolfgang Zürcher Executive Management • Dr. Iosif Bakaleynik (CEO) • Roland Friederich (CFO) Annual Results 2018/19 | 22.

  20. Slide 20: Agenda for the 30th Annual General Meeting on 18.6.2019

    CORPORATE GOVERNANCE AGENDA FOR THE 30TH ANNUAL GENERAL MEETING ON 18.6.2019 1. Approval of the Annual Report 2018/19, Auditors' Reports and Compensation Report 2. Appropriation of net loss 3. Distribution from capital reserves 4. Discharge of the members of the board of directors and of the executi

  21. Slide 21: Outlook

    OUTLOOK Annual Results 2018/19 | 22.5.2019 21/23

  22. Slide 22: Outlook

    OUTLOOK OUTLOOK • Small but profitable portfolio • Available credit facility in Switzerland (CHF 53m) • In-house asset management  Flexibility to act on new investment opportunities Annual Results 2018/19 | 22.5.2019 22/23

  23. Slide 23: Agenda

    AGENDA 30th Annual General Meeting: 18 June 2019 Annual Results 2018/19 | 22.5.2019 23/23

Zueblin Immobilien Holding — FY2018/19 Earnings Presentation on 6ix