Vgp Nv · EURONEXT:VGP
Vgp Nv — Investor Presentation (November 2025)
41 slides from Vgp Nv's investor presentation, November 2025
Slide 1: Building Tomorrow Today
BUILDING VG P TOMORROW TODAY Company Presentation November 2025 WWW.VGPPARKS.EU
Slide 2: Fully integrated industrial and logistics real-estate company
Fully integrated industrial and logistics real-estate company + Aim for all new buildings to be + EU Taxonomy compliant * certified at least at BREEAM Excellent or DGNB Gold level + VGP shares listed on Euronext Brussels since 2007 + EPRA Nareit Developed Europe Index since 2022 + BELESG Index since
Slide 3: Well diversified portfolio across Continental Europe
Well diversified portfolio across Continental Europe G 1 2. 3. 4, 5. 6. 7. 8. 9. jermany Berlin-Bernau Berlin-Ludwigsfelde Berlin-Oberkramer Berlin-Wustermark Bingen Bischofsheim Bobenheim-Roxheim Chemnitz Dresden Einbeck |. Erfurt Erfurt 2 Erfurt 3 Frankenthal Czech Republic 43. Brno 44, Ceské Budé
Slide 4: Fully integrated business model
Fully integrated business model with in-house capabilities and competences Land + Identification of prime locations + Comprehensive due diligence - Technical, legal, environmental * Obtain the zoning and building permit DEVELOPMENT Concept & design + In-house design of buildings based on strict guid
Slide 5: Leasing activities
Sar Leasing activities ~~
Slide 6: Committed annualised rental income
Committed Annualised Rental Income And Number Of Tenancy Contracts • Increase in rental income Rolling rental income Number of contracts 700 • € 450 600 € 400 • • Committed annualised rental income € 350 500 Number of tenancy contracts € 300 400 € 250 € 200 300 € 150 200 € 100 100 € 50 €- 0 2016 201
Slide 7: Majority share of new contracts signed within logistics segment
Majority share of new contracts signed within logistics segment Examples 10M 2025 = FDS LOGISTICS inf WHERE QUALITY IS DELIVERED FAST DUOMED STUDENAC ~ Ursus. |) EUREKp FARMOL ; FARVOL nose SEPril GQer ON ee movianto < ) * EXPRESS one healthcare dedicated logistics H eineken LOGISTICS iffeemen © Dus
Slide 8: Light industrial, Logistics, E-commerce
• • Light industrial Logistics Image result for magna steyr Image result for Rieck Projekt Kontrakt Logistik Hamburg GmbH Co. KG Image result for ThyssenKrupp Elevadores, S.L.U. Image result for Geis Ersatzteil-Service GmbH E-commerce Other Image result for EGC Energie- und Gebäudetechnik Control Gm
Slide 9: Cash generative leases with potential to grow
€ 385 million of cash generative leases, 78% 7 © 744.4 million with potential to grow to € 744 million 444, €691.1 million e050 milion or ae At share € 542.2 million At share €6 +20% € 441.7 million € 388.4 million Gun portal Own Portfolio > cone. wn Portfolio +10% € 461.3 million or € 385 million €
Slide 10: The combined occupancy of the portfolio stood at 98%, WALT 7.9 years
Occupancy evolution (%)1 Weighted average lease term (WALT) of the portfolio Combined 7.9 years JVs 6.9 years Own 9.6 years 2020 2021 2022 2023 2024 2025 YTD 0 2 4 6 8 10 12 14 Own Portfolio Joint Ventures First Break WALT Top 10 clients by lease contract with JVs at 100% (% of total committed lease
Slide 11: Development Activities
~ Developriient Activities — a a Lj LOGO! "= jy LF Vl ys
Slide 12: Slide 12
Slide 13: Deliveries over 10M 2025
Deliveries over 10M 2025 tending towards VGP logistics Deliveries Tenant segmentation (by leased area)! Examples of deliveries 10M’25 E-commerce SIPLA 4 _/ HyunoAl 3 VAT =" MIOBIS PASSION. PRECISION. PURITY. Ahold ; Delhaize Banu o Medisca sco TOYOTA MATERIAL HANDLING Light industrial 38% Logistics
Slide 14: →
→
Slide 15: VGP Park Kecskemét
< a VGP PARK | KECSKEMET 2 nasil ] Budapest i) Land surface a GD rzoKm [Le] 123,715 m? a Vienna GLA of park i BY totm A) easton? a ag Eraticteve =) Delivered building 70 km HUNKEC2—F: 25,428 m? F [=| Tenant fy fighwey Fuyao Glass = Railway Station aN Airport Google maps >
Slide 16: Slide 16
Slide 17: Portfolio under construction represents € 90.9 million of new leases
Portfolio under construction represents VGP € 90.9 million of new leases ani’ * As per today, 47 buildings are under construction, representing 1,123,000 m2 * This equates€ 90.9 million of annualized leases' * The portfolio under construction is 67% pre-let (based on rent) and including pre-lets on
Slide 18: Well spread across our geographical footprint
..and is well spread across our geographical footprint Developments - geographic breakdown (by CARA+ERV) Netherlands DenmarkPortugal Italy”? 55, 2% Austria 3% Germany 36% 5% 5% 7% VGP
Slide 19: VGP Park East Midlands
Birmingham 70 km Manchester 120 km London 195 km VGP PARK EAST MIDLANDS Land surface 178,593 m2 GLA of Park IN) 77828 me Under Construction Building A: 23,807 me Building B: 13,099 m2 Google
Slide 20: VGP Park Bucharest East
VGP PARK #. BUCHAREST 2 EAST — = a 1 GM Taetn Pl Ziomrene °° = ag Timisoara GLA of park re él: i LJ] 594km IS) 144,240 me 5h) Guest Under Construction Galt Building A: 34,232 me Highway 1km oN Airport 50min @ xB station ™ Google maps >
Slide 21: VGP Park Sibiu
Bucharest 275 km Cluj Napoca 170 km Prague 250 km Highway 200m. Gas station 2km Bus station 500m VGP PARK SIBIU | Land surface [1 218,687m? GLA of park A) sszzeme Under Construction Building At: 6,74 me Building A2: 6,774 m? Google maps >
Slide 22: VGP Park Kecskemét
ia VGP PARK KECSKEMET 2 Budapest Land surface 120km 123,715 m2 Vienna GLA of park 110 km. 62,513 m 3 Bratislava Under Construction LI] 70 km Building H: 18,417 me Building G: 18,668 m? Highway 3km Railway Station 10 minutes Airport 10 km Google maps > See
Slide 23: VGP Park Budapest-Aerozone
4 VGP PARK BUDAPEST- AEROZONE 2 Budapest i) Land surface BD arkm , [oe] 364,246 m? . AQ Kecskemét GLA of park 80 km SJ 124,117 me mal Gyor Under Construction 150 km Building C: 15,986 m2 rig Highway direct acces Railway Station 5 va! aN Airport ‘ ‘ 23
Slide 24: Land bank
\ | 3 | — Land bank cl
Slide 25: Owned and committed land bank
702 (1,170) (720) Owned and committed land bank • •
Slide 26: Geographical breakdown of development land bank
Geographical breakdown of development land bank (based on m2) of the owned and committed land bank (own and JV)
Slide 27: VGP Park Bucharest East
VGP PARK #. BUCHAREST 2 EAST — = a 1 GM Taetn Pl Ziomrene °° = ag Timisoara GLA of park re él: i LJ] 594km IS) 144,240 me 5h) Guest Under Construction Galt Building A: 34,232 me Highway 1km oN Airport 50min @ xB station ™ Google maps >
Slide 28: VGP Park Vila Nova de Gaia
VGP PARK Vila Nova de Gaia e ¥ Porto = i i Land surface o 194m I 72,157 m2 ; Potential Extension J | Coimbra v..) GO tionm + 176,000 m? . GLA : fy Highway 33,246 m2 RA mo) Potential Extension 7 qT +62,000 m2 rain station > 45km he Airport 30 km.
Slide 29: ro ll (tC rr’ ey Z If
yy ro ll (tC rr’ ey Z If
Slide 30: VGP Park Dreilini
Buihup Area | M4 A4in (51%) 10m? 19.667 m* (29%) VGP PARK Dreilini Land surface 107,172 m2 GLA of park 35,302 m2 MS I . | cl ms
Slide 31: VGP Park Hagen
a 7 a 2 9 -) (o) VGP PARK HAGEN =| Purchase Price to be paid end November
Slide 32: VGP Park Sheffield
« VGP PARK SHEFFIELD i] Land surfai ai Lease [al sania GLA of Park a Weer SN 24807 ne Birmingh aay Rexiratem HLT TTI Lt ae : Builtup Area Ext. g2m 990 sq ht 4 Hard Surfaces 18494m? 199035sae. a L P ee Warehouse A VGP ee Total GIA 24,667 m? 265,500 sq ft Warehouse GIA 23,226 m? 250,000 sq ft Offices
Slide 33: VGP Park Traiskirchen
VGP PARK irchen iski Trai ee See ee ee eee oe Land surface 41,418 m2 cal N GLA of park 22,523 m2 Ehomotlomed hotbed po 33
Slide 34: Slide 34
Slide 35: Installed solar power increased by 8% YTD
Installed solar power increased by 8% YTD * Operational roof solar capacity per 10M’ 24 increased to 168.8 MWp (+8.4% YTD) * A further 37 projects or 36 MWp is under construction * In addition, 84 solar power projects identified equalling an additional potential power generation capacity of 87.4 MWp
Slide 36: VGP Renewable Energy is progressing well in investment in storage
VGP Renewable Energy is progressing VGP well in investment in storage * The first two BESS" units for a combined 12.0 MWh have been installed * 79.8 MWh in the design phase * And 79.5 MWh under feasibility assessment * Total BESS pipeline of 171.2 MWh or a total investment exceeding € 44 million in
Slide 37: Renewable Energy Overview
Renewable Energy Overview — A 46% YoY increase insisted 168.8 = construction/ 37 35.9 1 79.8 48 115.7 permitting fel 249 292.6 23 171.2 272 463.9
Slide 38: Slide 38
Slide 39: No closings in H1 '25; recycled ca. € 1.8 bn of net cash since '22
Number of closings Net cash proceeds (€m) 2 1 1 3 4 1 3 3 4 235 122 290 339 409 50 347 676 809* 2016 2017 2018 2019 2020 2021 2022 2023 2024 932 1098 1098 887 887 887 68 68 68 68 666 666 666 666 666 610 610 610 610 610 610 400 400 400 400 400 400 400 173 173 173 173 173 173 173 173 580 580 580 580 5
Slide 40: Joint ventures gross asset value by country
Rheingold – JV I (Allianz) H1 ’25 H1 ‘24 Aurora – JV II (Allianz) Ymir – JV III (Allianz) Red – JV V (Deka) June ’25 Dec ‘24 Saga – JV VI (Areim) € 5.6 billion Gross asset value of Joint Ventures by country1 1 Gross asset value of completed and transacted portfolio of Rheingold, Aurora, Ymir, RED an
Slide 41: Disclaimer
Disclaimer VGP ABOUT VGP VGP is a pan-European owner, manager and developer of high-quality logistics and semi-industrial properties as well as a provider of renewable energy solutions. VGP has a fully integrated business model with extensive expertise and many years of experience along the entire v