Mobimo Holding Ag · SIX:MOBN
Mobimo — H1 2025 Earnings Presentation
48 slides from Mobimo's earnings presentation, Aug 8, 2025
Slide 1: Presentation of half-year results 2025
Presentation of half-year results 2025 8 August 2025
Slide 2: Agenda
Agenda Overview of the first half of 2025 / Announcement of takeover of EMWE Holding LTD Key financial figures for the first half of 2025 Real estate portfolio and pipeline Sustainability update Outlook for financial year 2025 8 Aug 2025 | Presentation of half-year results 2025 2
Slide 3: Successful business performance in the first half of 2025
Overview of the first half of 2025 Successful business performance in the first half of 2025 Net rental income Rental income maintained CHF 62.5 million Foundation laid for further +2.0% EPRA like-for-like rental growth Net income from development projects & sale of trading properties Strong sales o
Slide 4: Growth step through acquisition of high-quality residential properties
Growth step through acquisition of high-quality residential properties › On 7 August 2025, contracts were signed for the acquisition of EMWE Holding LTD and its subsidiary EMWE Immobilien AG. › Residential properties in pristine condition with excellent locations and construction quality in the city
Slide 5: Key financial figures for the first half of 2025
Overview of the first half of 2025 Key financial figures for the first half of 2025 Real estate portfolio and pipeline Sustainability update Outlook for financial year 2025
Slide 6: Encouraging like-for-like growth in rental income
Key financial figures for the first half of 2025 Encouraging like-for-like growth in rental income Development of income from the rental of properties CHF million › Like-for-like growth in rental income of 72.5 0.2 1 0.1 72.6 2.2% (prior year: 2.0%), driven by full 1.4 effect of second reference int
Slide 7: Development of vacancy rate in line with forecast
Key financial figures for the first half of 2025 Development of vacancy rate in line with forecast Development of vacancy of investment properties % › Vacancy rate of the residential portfolio Residential decreased further to a low of 1.1%, almost 1.1 fully let. Vacancies are mainly parking Resident
Slide 8: All sectors with positive valuation results
Key financial figures for the first half of 2025 All sectors with positive valuation results Distribution of net income from revaluation CHF million › CHF 71.6 million net valuation gain (prior year: net valuation gain of CHF 22.0 84.2 million) › Net valuation gain of CHF 63.7 million in the investm
Slide 9: Return to low interest rate environment with positive effect on valuations
Key financial figures for the first half of 2025 Return to low interest rate environment with positive effect on valuations Breakdown of factors influencing the net income from revaluation of commercial and residential properties CHF million 138.2 › Adjustment of discount and capitalisation rates wi
Slide 10: Strong result from sale of trading properties from four ongoing projects
Key financial figures for the first half of 2025 Strong result from sale of trading properties from four ongoing projects Net income from development project and sale of trading properties CHF million +90.5% › Net income from development projects and sale of trading properties increased 24.6 by 90.5
Slide 11: Non-operating, one-off effect negatively impact the financial result
Key financial figures for the first half of 2025 Non-operating, one-off effect negatively impact the financial result Personnel expenses Operating and administrative expenses › Financial result year-on-year significantly CHF million CHF million higher due to a one-off effect from the -1.5% terminati
Slide 12: Strong earnings performance
Key financial figures for the first half of 2025 Strong earnings performance EBIT Earnings per share › EBIT CHF 144.5 million CHF million excl. revaluation CHF excl. revaluation (prior year: CHF 83.3 million), or +19% CHF 73.0 million excluding revaluation 144.5 +7.7% (prior year: CHF 61.3 million).
Slide 13: Solid financing situation as a foundation for growth
Key financial figures for the first half of 2025 Solid financing situation as a foundation for growth Equity Interest-bearing financial liabilities › Increase of 2.1% in total assets CHF million CHF million +2.1% +5.9% compared to 31 December 2024. 1,958.0 › Equity ratio remains strong at 47.4% 1,91
Slide 14: Balanced maturities; expected increase in interest costs reduced
Key financial figures the first half-year 2025 Balanced maturities; expected increase in interest costs reduced Maturity profile as at 30 June 20251 2.5 2.4 2.1 2.1 2.0 2.0 1.7 1.0 0.5 0.5 0.3 265 229 224 198 165 178 (unused) 150 138 130 110 116 Green Green Green Bond Bond Bond 36 Committed Comm. 20
Slide 15: Real estate portfolio and pipeline
Overview of the first half of 2025 Key financial figures for the first half of 2025 Real estate portfolio and pipeline Sustainability update Outlook for financial year 2025
Slide 16: Investment properties under construction as foundation for growth
Real estate portfolio and pipeline Investment properties under construction as foundation for growth Lausen Zurich Lausanne Aarau Aarau Hauptstrasse 56/58/58a-d Hardturmstrasse 3/3a/3b Avenue d’Ouchy 70/76; Aeschbachweg 5/7 – 29 Industriestrasse 28 (Office Tower) Place de la Navigation 2 (Hof- und H
Slide 17: Sustainable value creation through developments for own portfolio
Real estate portfolio and pipeline Sustainable value creation through developments for own portfolio Total project volume including land: CHF 306 million / market value: CHF 217 million Usage 2025 2026 2027 2028 Lausen, Hauptstrasse 56/58/58a – d res Zurich, Hardturmstrasse 3/3a/3b (Office Tower) co
Slide 18: Changes in portfolio and pipeline completed
Real estate portfolio and pipeline Changes in portfolio and pipeline completed Purchase of development project Sale of investment property Development project for third parties Residential property Langenthal, Kühlhausstrasse 8 (Geiser site) Geneva, Rue des Photographes 12 Jan Jan 2025 › Site > 13,0
Slide 19: Attractive condominium projects in the pipeline
Real estate portfolio and pipeline Attractive condominium projects in the pipeline Oberägeri Köniz Lausanne Merlischachen Lutisbachweg Niederwangen, Papillonallee Avenue de Beaumont 76 Chappelmatt-Strasse (Burgmatt) › 2 buildings with › 10 buildings with › Timber construction with › 14 buildings wit
Slide 20: Steady profit contribution from condominium projects
Real estate portfolio and pipeline Steady profit contribution from condominium projects Total project volume including land: CHF 313 million / market value: CHF 66 million 2025 2026 2027 Oberägeri, Lutisbachweg Köniz, Niederwangen, Papillonallee Lausanne, Avenue de Beaumont 76 Merlischachen, Chappel
Slide 21: Interesting projects for third parties in development
Real estate portfolio and pipeline Interesting projects for third parties in development Langenthal Kühlhausstrasse 8 (Geiser-Areal) › Two other projects in the development pipeline for third parties: • One project in the canton of Zurich • One project in the canton of Berne › Total volume including
Slide 22: Well-balanced portfolio mix with continuous optimisation
Real estate portfolio and pipeline Well-balanced portfolio mix with continuous optimisation Total portfolio value Rental income for investment CHF million properties by type of use4 % Total portfolio value 3,919 (100%) 6 10.5 5 5.9 Investment properties 1 1,638 (42%) 1,626 (41%) 3,263 (83%) 4 6.2 –1
Slide 23: Sustainability update
Overview of the first half of 2025 Key financial figures for the first half of 2025 Real estate portfolio and pipeline Sustainability update Outlook for financial year 2025
Slide 24: Our sustainability highlight in the first half of 2025
Sustainability update Our sustainability highlight in the first half of 2025 Regional and sustainable energy supply in Köniz and Oberägeri › The Feuerfalter project in Niederwangen/Köniz is one of the first plus energy neighbourhoods in the canton of Berne. › Technology mix of geothermal heat pumps
Slide 25: Outlook for financial year 2025
Overview of the first half of 2025 Key financial figures for the first half of 2025 Real estate portfolio and pipeline Sustainability update Outlook for financial year 2025
Slide 26: Outlook for financial year 2025
Outlook for financial year 2025 Expectations 2025 Expectations 2025 (February 2025) First half of 2025 (August 2025) (August 2025) Slightly below the 2024 level. Mobimo portfolio slightly Rental income Based on sales and probable reference interest rate CHF 72.5 million ✓ below 2024 level; additiona
Slide 27: Your contacts
Your contacts Daniel Ducrey Jörg Brunner Stefan Feller CEO CFO Head of Financing & IR Web: https://www.mobimo.ch/en/investors Email: ir@mobimo.ch Tel: +41 44 397 11 97 Mobimo Management AG @mobimoimmo 8 Aug 2025 | Presentation of half-year results 2025 27
Slide 28: Financial calendar
Financial calendar 13.2.2026 31.3.2026 Publication of 26th Annual General Meeting Annual Results 2025 Planned roadshows and participation in investor conferences in the second half of 2025 Date Event / Location Organiser 18 August Roadshow, Zurich ZKB 27 August Roadshow, Frankfurt Baader Helvea 10/1
Slide 29: Disclaimer
Disclaimer The financial data as well as the other information presented herein constitute selected information. The information in this presentation does not constitute an offer or invitation and may not be construed as a recommendation by us to purchase, hold or sell shares of Mobimo Holding AG. T
Slide 30: Appendix
5} es ee Z =i eal APPENDIX
Slide 31: Appendix contents
Appendix contents ● Financial key figures pages 32 – 35 ● Real estate portfolio and pipeline pages 36 – 44 ● Sustainability pages 45 ● Mobimo on the capital market pages 46 – 47 8 Aug 2025 | Presentation of half-year results 2025 31
Slide 32: Key income statement figures – 5-year overview
APPENDIX – Financial key figures Key income statement figures – 5-year overview CHF million HY 2021 HY 2022 HY 2023 HY 2024 HY 2025 Δ y-o-y % Net rental income 55.9 60.0 64.4 62.5 62.5 0.0 Net income from development projects and 54.4 3.8 9.0 12.9 24.6 +90.5 sale of trading properties Net income fro
Slide 33: Share data
APPENDIX – Financial key figures Share data 31.12.2021 31.12.2022 31.12.2023 31.12.2024 30.6.2025 Δ% Shares outstanding (number) 6,596,379 7,252,377 7,251,459 7,251,459 7,255,211 +0.0 Market capitalisation (CHF million) 2,015.2 1,711.6 1,892.6 2,124.5 2,354.3 +10.8 NAV per share (CHF)1 250.74 262.64
Slide 34: Calculation of funds from operations (FFO) per share
APPENDIX – Financial key figures Calculation of funds from operations (FFO) per share CHF million H1 2024 H1 2025 › No elimination of the share of profit of Operating result (EBIT) 83.3 144.5 equity-accounted investees was performed, + Depreciation and amortisation 1.2 1.0 as this is not part of the
Slide 35: Details of interest-bearing liabilities
APPENDIX – Financial key figures Details of interest-bearing liabilities Development of EPRA-LTV (in %) Development of interest coverage ratio Development of net gearing (in %) HY 2025 43.2 HY 2025 6.5x HY 2025 89.1 40-50%1 min. 2.0x1 FY 2024 42.2 FY 2024 5.6x FY 2024 85.0 FY 2023 42.3 FY 2023 6.1x
Slide 36: High income stability due to maturity structure of fixed rental agreements
APPENDIX – Real estate portfolio and pipeline High income stability due to maturity structure of fixed rental agreements Maturity profile of fixed-term rental agreements1,2 Shares of the five biggest tenants1 % % Q3 2025 - Q2 2026 1 11.2 2 3 4.7 4 Q3 2026 - Q2 2027 2.6 5 15.5 1.9 1.5 1.3 Q3 2027 - Q
Slide 37: Tenant move-out drives vacancy rate in Eastern Switzerland
APPENDIX – Real estate portfolio and pipeline Tenant move-out drives vacancy rate in Eastern Switzerland Regional vacancy rate as at 30 June 2025 Market region Portfolio share1 Vacancy rate2 Change y-o-y Zurich 45.2% 2.7% Lake Geneva 36.1% 4.2% North-western Switzerland 8.4% 4.3% Central Switzerland
Slide 38: Broadly diversified portfolio throughout Switzerland
APPENDIX – Real estate portfolio and pipeline Broadly diversified portfolio throughout Switzerland Investment portfolio Development portfolio Fair value in CHF million1 Planned investment volume in CHF million1 1 As at 30 June 2025. 8 Aug 2025 | Presentation of half-year results 2025 38
Slide 39: Details of the development pipeline for own portfolio
APPENDIX – Real estate portfolio and pipeline Details of the development pipeline for own portfolio Projects under construction Construction phase Target (incremental) 2025 2026 2027 2028 Total Project Carrying Remaining rental Site rentable volume amount investment income Usage area in m 2 area in
Slide 40: Details of pipeline of condominium projects
APPENDIX – Real estate portfolio and pipeline Details of pipeline of condominium projects Projects under construction Construction phase Expected Project Carrying Remaining sales 2025 2026 2027 2028 Number of Site volume amount investment proceeds units area in m2 CHF million CHF million CHF million
Slide 41: Portfolio snapshot – most valuable residential properties
APPENDIX – Real estate portfolio and pipeline Portfolio snapshot – most valuable residential properties Highlights of residential portfolio1 204 163 113 97 › 42 residential investment properties. › Fair value of CHF 1,638 million. Zurich Zurich Urdorf Lausanne › CHF 54.8 million target rental income
Slide 42: Mobimo residential properties quality matrix according to JLL
APPENDIX – Real estate portfolio and pipeline Mobimo residential properties quality matrix according to JLL Macro Assessment criteria location assessment Macro location General quality of the location, transport links in the region, purchasing power of the population and tax attractiveness. Location
Slide 43: Portfolio snapshot – Most valuable commercial properties
APPENDIX – Real estate portfolio and pipeline Portfolio snapshot – Most valuable commercial properties Highlights of commercial portfolio2 105 90 84 77 › 65 commercial investment properties. › Fair value of CHF 1,617 million. Zurich Lausanne Affoltern am Albis Kriens › CHF 87.5 million target rental
Slide 44: Mobimo commercial properties quality matrix according to JLL
APPENDIX – Real estate portfolio and pipeline Mobimo commercial properties quality matrixaccording to JLL Macro Assessment criteria location assessment Macro location General quality of the location, transport links in the region, purchasing power of the population and tax 3.8 attractiveness. Locati
Slide 45: Sustainability anchored in the business activities at all levels
APPENDIX – Sustainability Sustainability anchored in the business activities at all levels Selected sustainability figures ESG ratings CO₂ emissions Investment properties with Green Star (5 stars) 4,768 Tonnes CO2 emissions 50 certification Standing Investments: 88 points -13.6% (Scope 1 – 3.13) +25
Slide 46: Mobimo share with strong total return and decent trading liquidity
APPENDIX – Mobimo on the capital market Mobimo share with strong total return and decent trading liquidity 5-year share performance (indexed) compared with SPI and SXI › The dividend-adjusted share price has 160 Mobimo (CH0011108872); dividend-adjusted increased by 42.1% over a five-year period. SPI
Slide 47: Broadly diversified shareholder base
APPENDIX – Mobimo on the capital market Broadly diversified shareholder base Composition of shareholders as at 30 June 2025 › Free float as at 30 June 2025: 100% % (as defined by SIX Swiss Exchange) › As at 30 June 2025, the following shareholders held 3% or more of the share capital: › UBS Fund Man
Slide 48: Mobimo Holding AG
Mobimo Holding AG Rütligasse 1 CH-6000 Lucerne info@mobimo.ch +41 41 249 49 80