Slide 1: Annual results 2018/2019
Annual results 2018/2019 Brussels, 4 September 2019 -1-
Slide 2: Table of contents
Table of contents > Highlights FY 2018/2019 > Strategy > Achievements > Portfolio analysis > Financials > Shares & shareholders > Outlook > Conclusion -2-
Slide 3: Highlights FY 2018/2019
Highlights FY 2018/2019 Huize Hoog Kerckebosch Zeist – The Netherlands -3-
Slide 4: Highlights FY 2018/2019 (1)
Highlights FY 2018/2019 (1) > EPRA Earnings: €72.1 million (+24% YoY) > EPRA Earnings per share: €3.74 (+15% YoY) > Confirmation of the proposed dividend of €2.80 gross per share (+12%) > 100% pure play investor in healthcare real estate following the divestment of the hotel portfolio and 75% of the
Slide 5: Highlights FY 2018/2019 (2)
Highlights FY 2018/2019 (2) > 261 healthcare sites comprising >19,000 units in 4 countries − €1,028 million in Belgium (79 sites) − €381 million in Germany (49 sites) − €336 million in the Netherlands (43 sites) − €524 million in the United Kingdom (90 sites) > Pipeline of €428 million in acquisitio
Slide 6: Investment activity healthcare sites added or announced in 2018/2019
Investment activity 129 healthcare sites added or announced in 2018/2019 > €910 million Name Location Date Investment Pipeline Gross rental (€ million) 1 (€ million) 2 yield (approx. %) Belgium 64 13 Residentie Kartuizerhof Lierde 8/10/2018 20 - 5% Résidence de la Paix Evere 8/10/2018 15 2 5% Hof va
Slide 7: Investment activity
Investment activity Name Location Date Investment Pipeline Gross rental (€ million) 1 (€ million) 2 yield (approx. %) Belgium 64 13 Germany 71 154 Netherlands 58 50 Sorghuys T ilburg Berkel-Enschot 19/07/2018 1 3 6.5% Nieuw Heerenhage Heerenveen 26/09/2018 2 20 5.5% Verpleegcentrum Scheemda Scheemda
Slide 8: Investment activity projects completed in 2018/2019
Investment activity 16 projects completed in 2018/2019 Name Type Location Date Gross rental yield (approx. %) Belgium De Stichel Extension & renovation Vilvoorde 14/09/2018 6% Huize Lieve Moenssens Extension & renovation Dilsen-Stokkem 17/09/2018 6% Heydeveld Extension Opwijk 12/12/2018 5.5% Vinkenb
Slide 9: Portfolio outlook
Portfolio outlook Total portfolio outlook: €2.77 billion (As of 4 September 2019) €m +428 +77 2,770 2,800 2,600 2,400 2,270 -5 2,200 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 Market. Invest. Prop. Incl. Assets classified as Held For Committed investments in Operations after 30 June 2019
Slide 10: Strategy
Strategy Seniorenquartier Lübbecke Lübbecke - Germany -10-
Slide 11: Aedifica
Aedifica > Belgian REIT (RREC/SIR/GVV) − market cap ~ €2.5 billion − free float of 100 % − marketable investment properties ~ €2.3 billion − approx. 1,198,000 m² − WAULT ~ 21 years > Pure play healthcare real estate > European focus − Belgium − Germany − The Netherlands − The United Kingdom > Market
Slide 12: Demographic evolution
Demographic evolution Ageing in Belgium Ageing in Germany Source: "Perspectives de population 2017-2061", Belgian Federal Planning Bureau, 2018. Source: "Bevölkerung Deutschlands bis 2060", Statistisches Bundesamt (Deutschland), 2015. Ageing in The Netherlands Ageing in the United Kingdom Source: "P
Slide 13: Achievements
Achievements Residentie Kartuizerhof Lierde - Belgium -13-
Slide 14: Achievements: Investment properties evolution since 2006
Achievements Investment properties1 Evolution since 2006 €m 3,000 2,770 2,500 2,321 2,000 CAGR: 26 % (as of 30 June 2019) 1,741 1,545 1,500 1,157 1,005 1,000 785 593 643 518 500 435 347 356 252 111 0 June June June June June June June June June June June June June June Outlook 2006 2007 2008 2009 20
Slide 15: Achievements: 100% pure play healthcare real estate
Achievements 100% pure play healthcare real estate Evolution by segment (fair value1) 100% 6 4 4 13 9 10 14 12 13 12 10 7 18 14 12 80% 22 20 27 36 33 32 47 44 38 60% 62 100 40% 82 82 84 71 74 56 63 48 52 54 20% 44 46 25 0% June June June June June June June June June June June June June June 2006 20
Slide 16: Achievements: Focus on Europe
Achievements Focus on Europe Geographical breakdown (fair value)1 100% 5 2 12 9 13 15 12 16 14 80% 17 23 20 60% 17 25 100 100 100 100 100 100 100 100 95 88 86 77 70 40% 45 20% 40 0% Belgium Germany United Kingdom The Netherlands 1 Marketable investment properties incl. assets classified as held for
Slide 17: Portfolio analysis
Portfolio analysis King’s Manor Ottery St. Mary - United Kingdom -17-
Slide 18: Healthcare real estate
Healthcare real estate > Focus on senior housing − Healthcare buildings for care-dependent seniors: care homes ̶ Belgium: Woonzorgcentrum / Maison de repos ̶ Germany: Pflegeheim ̶ The Netherlands: Verpleeghuis, Zorgresidentie, ... ̶ United Kingdom: Care homes − Healthcare buildings for independent s
Slide 19: Portfolio
Portfolio (As of 30 June 2019) Healthcare segment breakdown Geographical breakdown 1% 17% 15% 32% 7% 17% 6% 75% 23% 7% Healthcare buildings for care-dependent seniors Healthcare buildings for independent seniors with Flanders United Kingdom on-demand services Brussels Germany Mixed-use healthcare bu
Slide 20: Belgian healthcare portfolio
Belgian healthcare portfolio (As of 30 June 2019) > Senior housing portfolio of 79 assets: − Capacity of more than 7,900 residents − Total fair value of approx. €1,028 m − Yield on fair value of 5.5 % − Triple net long leases − Typical lease maturity: 27 years − 13 tenant groups: Senior Living Group
Slide 21: Belgian healthcare portfolio
Belgian healthcare portfolio (As of 30 June 2019) Belgium Healthcare real estate Under construction -21-
Slide 22: Belgian healthcare portfolio
Belgian healthcare portfolio Residentie Sporenpark, Residentie Kartuizehof, Beringen Lierde • 127 units • 128 units Leopoldspark, Hof van Schoten, Leopoldsburg Schoten • 150 units • 101 units -22-
Slide 23: German healthcare portfolio
German healthcare portfolio (As of 30 June 2019) > Senior housing portfolio of 49 assets: − Capacity of more than 3,600 residents − Total fair value of approx. €381 m − Yield on fair value of 6.0 % − Double net long leases − Typical lease maturity: 20 - 25 years − 16 tenant groups: Vitanas, Residenz
Slide 24: German healthcare portfolio
German healthcare portfolio (As of 30 June 2019) Germany Senior housing Healthcare Apartment real estate buildings Under construction Hotels & other Hotels & other -24-
Slide 25: German healthcare portfolio
German healthcare portfolio Seniorenquartier advita Haus Zur Lübbecke, Alten Berufsschule, Lübbecke Zschopau • 80 units • 127 units Zur alten Linde, Haus Steinbachhof, Rabenau Chemnitz • 82 units • 151 units -25-
Slide 26: Dutch healthcare portfolio
Dutch healthcare portfolio (As of 30 June 2019) > Senior housing portfolio of 43 assets: − Capacity of more than 1,700 residents − Total fair value of approx. €336 m − Yield on fair value of 5.7 % − Mostly triple net long leases − Typical lease maturity: 15 - 20 years − 12 tenant groups: Stichting V
Slide 27: Dutch healthcare portfolio
Dutch healthcare portfolio (As of 30 June 2019) The Netherlands Healthcare real estate Under construction Hotels & other -27-
Slide 28: Dutch healthcare portfolio
Dutch healthcare portfolio Huize Groot De Statenhof, Waardijn, Leiden Tilburg • 79 units • 26 units Villa Nova, Huize De Leusden Compagnie, Ede • 21 units • 42 units -28-
Slide 29: UK healthcare portfolio
UK healthcare portfolio (As of 30 June 2019) > Senior housing portfolio of 90 assets: − Capacity of more than 5,700 residents − Total fair value of approx. €524 m − Yield on fair value of 6.8 % − 14 tenant groups: Maria Mallaband Care Group, Burlington Care, Care UK, Bondcare, Renaissance Care, Four
Slide 30: UK healthcare portfolio
UK healthcare portfolio (As of 30 June 2019) United Kingdom Healthcare real estate Hotels & other -30-
Slide 31: UK healthcare portfolio
UK healthcare portfolio Maple Court, Scarborough • 64 units Coplands, London • 79 units River View, Reading • 137 units Highfield, Armstrong House, Castleford Gateshead • 88 units • 71 units -31-
Slide 32: Healthcare real estate tenants
Healthcare real estate tenants > 261 sites with >130 tenants (or >55 ‘groups’)1 representing European, national and local profit and not-for-profit operators > No ‘operator group’ leases more than 15% of Aedifica’s consolidated assets 1 As of 30 June 2019. -32-
Slide 33: Tenant diversification
Healthcare real estate tenants Tenant diversification1 (As of 30 June 2019) Senior Living 14% 9% Group Armonea Orpea 12% 45% Vulpia Burlington 8% Maria Mallaband 8% Care UK 3% 5% Other < 3% 5% 1 Based on the contractual rents. -33-
Slide 34: Lease maturity & occupancy rate
Lease maturity & occupancy rate (As of 30 June 2019) Unexpired lease term Weighted average unexpired lease term 21 years Occupancy rate 8% 100 % 92% < 15 years ≥ 15 years 92% Marketable investment properties incl. assets classified as held for sale (€2,270 m). -34-
Slide 35: Age of buildings
Age of buildings (As of 30 June 2019) 71% Project 0-10 years 10-20 years >20 years 2% 6% 21% Marketable investment properties incl. assets classified as held for sale (€2,270 m). -35-
Slide 36: Gross yields on fair value
Gross yields on fair value (As of 30 June 2019) 7 6 6.8 6.0 5.9 5 5.5 5.7 4 3 2 1 0 June 2018 Belgium Germany Netherlands United Kingdom Average -36-
Slide 37: Portfolio growth: development projects (1)
Portfolio growth Development projects as of 30 June 2019 (1) Projects and renovations Investment Inv. as of Future Comment (in € million) 1 30/06/2019 inv. Projects in progress 197 50 148 Completion 2019/2020 87 43 45 BE Plantijn III Kapellen 1 0 1 Extension and renovation of a rest home BE t Hoge I
Slide 38: Portfolio growth: development projects (2)
Portfolio growth Development projects as of 30 June 2019 (2) Projects and renovations Investment Inv. as of Future Comment (in € million) 1 30/06/2019 inv. Projects in progress 197 50 148 Land reserve 2 2 0 BE Terrain Bois de la Pierre Wavre 2 2 0- Acquisitions subject to outstanding conditions 41 0
Slide 39: Portfolio growth: development projects (3)
Portfolio growth Development projects as of 30 June 2019 (3) Country Development projects (in € million) Belgium 40 Germany 298 The Netherlands 85 United Kingdom 5 Total 428 Rent Development projects1 Rent Yield2 (in € million) (in € million) Triple net 128 7 5.6% Double net 298 16 5.4% Land reserve
Slide 40: Development projects pipeline: €428 million
Development projects Pipeline: €428 million (As of 30 June 2019) > Projects: €385 million UK €5m Belgium 1% €38m 2021/2022 Netherlands 10% €54m 2019/2020 €85m 14% €124m 22% 32% Germany €257m 2020/2021 67% €207m 54% > IP, land reserves & others: €43 million -40-
Slide 41: Portfolio growth: development projects
Portfolio growth Development projects Specht (AR1) – Specht (AR1) – 01 Schwerin (DE) 02 Kaltenkirchen (DE) Construction start: Construction start: 28/02/2018 31/05/2018 Completed on: Expected completion: 15/08/2019 2019/2020 Specht (AR1) – 03 Lübbecke (DE) Seniorenzentrum Construction start: Weimar
Slide 42: Financials
Financials Martha Flora Rotterdam Rotterdam - Netherlands -42-
Slide 43: Income Statement: business driven
Income Statement Business driven Income Statement - analytical scheme 30 June 2019 30 June 2018 Var. (x €1,000) Rental income 118,413 91,677 +29% Rental-related charges -41 -80 Net rental income 118,372 91,597 +29% Operating charges -21,230 -14,322 Operating result before result on portfolio 97,142
Slide 44: Rental income
Rental income (As of 30 June 2019) 140,000 +30,092 -2,668 -688 118,413 120,000 100,000 91,677 x €1,000 80,000 60,000 40,000 20,000 0 Rental income FY Healthcare real estate Apartment Other / unallocated / Rental income FY 2017/2018 buildings inter-segments 2018/2019 Change: +39.3 % -25.8 % 1 -17.3 %
Slide 45: EPRA Earnings
EPRA Earnings (As of 30 June 2019) 90,000 +26,736 -6,869 -4,849 80,000 -945 +281 -614 72,145 70,000 58,403 60,000 x €1,000 50,000 40,000 30,000 20,000 10,000 0 EPRA Rental Operating Financial Tax JV Non- EPRA Earnings FY income costs result controlling Earnings FY 2017/2018 interests 2018/2019 -45-
Slide 46: Income Statement: market driven
Income Statement Market driven Income Statement - analytical scheme 30 June 2019 30 June 2018 (x €1,000) EPRA Earnings 72,145 58,403 Changes in fair value of financial assets and liabilities -7,304 -2,157 Changes in fair value of investment properties 63,317 15,018 Gains and losses on disposals of i
Slide 47: Hedging policy
Hedging policy (As of 30 June 2019) > Interest rate − Economic Business driven: stability and Avg effective interest rate of 2%, foreseeability below PY (2.2%) of cashflows... Market driven: − ... even in spite Changes in FV of derivatives (non cash items): of accounting -€6,582 k in result (vs. -€1
Slide 48: Consolidated balance sheet (€ m)
Consolidated balance sheet (€ m) Balance sheet total: €2.39 billion (As of 30 June 2019) Assets Equity & Liabilities Investment as held for s (incl. assets Other asset in debt ratio 1,430 Other asset 942 Equity 2,321 1,741 Liabilities in in the debt 888 781 Other liabili 24 65 44 68 2 June 2018 June
Slide 49: Debt-to-assets ratio
Debt-to-assets ratio 54% 56% 52% 45% 43% 44% 40% 41% 37% 37% 33% SPO 2012 June 2014 March 2015 June 2015 June 2016 Dec 2016 March 2017 June 2017 June 2018 March 2019 June 2019 Before After Before After Before After SPO 2015 SPO 2015 SPO 2017 SPO 2017 SPO 2019 SPO 2019 > Investment capacity: approx.
Slide 50: Credit facilities: debt maturity profile
Credit facilities (As of 30 June 2019) > Debt maturity profile 400 350 300 Treasury Notes 250 GBP bridge loan 200 150 Drawn credit lines 100 Undrawn credit lines 50 - > Average maturity: 4,9 years -50-
Slide 51: Credit facilities: total financial debt
Credit facilities (As of 30 June 2019) > Total financial debt: €859 m 2% 12% Term loans 24% Revolving loans Investment credits 19% GBP bridge loan Commercial Paper 9% 34% Medium Term Note - New credit facilities: €145m - Short term CP: €100 m - Early refinancing maturing debt: €55 m - MTN: €15m for
Slide 52: Equity funding: capital increase May 2019
Equity funding Capital increase May 2019 > 5th SPO: rights issue > 89% take up during subscription period > 11% rump placement at market: oversubscribed by institutional investors > Approx. €418 million capital increase > 6,147,142 new Aedifica shares at €68.00 -52-
Slide 53: Net asset value
Net asset value Net asset value per share (in €) 30 June 2019 30 June 2018 Var. Based on fair value of investment properties Net asset value 58.11 49.24 18% Effect of the changes in fair value of hedging instruments 2.05 1.95 Net asset value excl. changes in fair value of hedging instruments* 60.16
Slide 54: Value potentially not reflected in the NAV
Value potentially not reflected in the NAV > Belgian REIT → highly regulated framework > Pure play healthcare REIT in Europe > Assessment: long term cash flows at interesting yields > Inflation-linked contracts > Pipeline: − Committed − Pre-let > Track record of successful investments > Track record
Slide 55: Dividend Policy
Dividend Policy > DPS 2018/2019 proposal: €2.80 / share (gross) − 12% higher than PY and in line with guidance − No dilution − Coupon No. 21 (€2.38) + coupon No. 22 (€0.42) − Subject to AGM to be held on 22 October 2019 − Statutory pay-out ratio: 85% > DPS 2019/2020: €3.00 / share (gross) − 7% highe
Slide 56: EPRA key performance indicators
EPRA > Aedifica included in the EPRA indices > EPRA metrics: Key performance indicators according to the EPRA principles 30 June 2019 30 June 2018 EPRA Earnings* (in €/share) 3.74 3.25 EPRA NAV* (in €/share) 60.64 51.52 EPRA NNNAV* (in €/share) 57.81 48.86 EPRA Net Initial Yield (NIY) (in %) 5.5% 5.
Slide 57: Shares & shareholders
Shares & shareholders Villa Temporis Hasselt - Belgium -57-
Slide 58: Dividend track record
Dividend track record € / share 3,00 3,00 2,90 2,80 2,80 2,70 2,60 2,50 2,50 2,40 2,25 2,30 2,20 2,10 2,10 2,00 2,00 1,90 1,86 1,86 1,90 1,80 1,82 1,82 1,80 1,71 1,70 1,60 1,48 1,50 1,40 1,30 1,20 Theoretic dilutions of DPS after rights issues of 1,10 October 2010, December 2012, June 2015, March 20
Slide 59: Share price since IPO
Share price since IPO 325 300 (As of 2 September 2019) 275 250 225 200 175 150 125 100 75 50 25 BEL.MID EPRA Europe EPRA.Belgium… Aedifica Aedifica: based on the IPO price (€41), adjusted to take into account the rights issues of 2010 (- €1.89), 2012 (- €1.93), 2015 (- €0.89), 2017 (- €1,60) and 201
Slide 60: Total return since IPO
Total return since IPO (As of 2 September 2019) 450 425 400 375 350 325 300 275 250 225 200 175 150 125 100 75 50 25 Epra Europe total return Aedifica total return Epra Belgium total return Aedifica: based on the IPO price (€41), adjusted to take into account the rights issues of 2010 (- €1.89), 201
Slide 61: Shareholding
Shareholding1 (As of 4 September 2019) > Aedifica shareholders holding more than 5 % of the Company’s capital: SHAREHOLDERS Share in capital (in %) BlackRock, Inc. 5.00 Others < 5 % 95.00 Total 100.00 > Aedifica’s free float amounts to 100 %2. 1 A total of 24,601,158 shares are listed on Euronext Br
Slide 62: Awards
Awards EPRA “EPRA Reporting: Best Practices Recommendations” (BPR) > Annual Report 2012/2013 (1st implementation of BPR) > Annual Report 2013/2014 > Annual Report 2014/2015 > Annual Report 2015/2016 > Annual Report 2016/2017 -62-
Slide 63: Corporate governance
Corporate governance > Transparency > Board of Directors − NV/SA − 9 Directors − Management in the box ̶ 8 non-executive Directors of which 6 independent − Belgian Code 2009 on ̶ 1 executive Director Corporate Governance ̶ Gender diversity ratio: 44 % − 100% free float − Audit Committee − No poison
Slide 64: Management team
Management team > Management committee Name Function Stefaan Gielens Chief Executive Officer (CEO) Ingrid Daerden Chief Financial Officer (CFO) Laurence Gacoin Chief Operating Officer (COO) Charles-Antoine van Aelst Chief Investment Officer (CIO) Sven Bogaerts Chief M&A Officer (CM&AO) > Aedifica co
Slide 65: Outlook
Outlook SARA Seniorenresidenz Bitterfeld-Wolfen - Germany -65-
Slide 66: Outlook FY 2019/2020
Outlook FY 2019/2020 > After May 2019 capital increase and divestment of non- core segments: − Low debt-to-assets ratio − Increased number of shares > Focus on investments − New investments in healthcare real estate: ̶ New cash flow generating investments est. in B2020: €215 million ̶ Development pr
Slide 67: Outlook FY 2019/2020
Outlook FY 2019/2020 > Budgeted rental income: €144 m > Budgeted EPRA Earnings: €87 m > Budgeted investments: €535 m − Pipeline: €260 m − Acquisitions since 1/07: €60 m − Hypothetical cash flow generating investment: €215 m > Budgeted EPRA EPS: €3.55/share > Budgeted DPS: € 3.00/share (gross), 7% hi
Slide 68: Outlook beyond FY 2019/2020
Outlook beyond FY 2019/2020 > Objective for future growth: EPS growth through − Enhancing long-term cash flows in healthcare real estate − Exploring new healthcare real estate segments − Exploring new countries > Continuing the track record -68-
Slide 69: Conclusion
Conclusion Huize Eresloo Eersel – The Netherlands -69-
Slide 70: Investment highlights
Investment highlights Attractiveness for shareholders: > Pure-play healthcare REIT in Europe > Strong underlying demographic trends > Long-term growth potential > Fair value history of portfolio showing resilience > Weighted average lease term: 21 years > Solid investment, equity and debt-financing
Slide 71: Stefaan Gielens – CEO; Ingrid Daerden – CFO
Stefaan Gielens – Chief Executive Officer Ingrid Daerden – Chief Financial Officer -71-
Slide 72: Aedifica SA/NV
Aedifica SA/NV Public REIT under Belgian Law Regulated Real Estate Company (RREC) Société immobilière réglementée (SIR) Gereglementeerde vastgoedvennootschap (GVV) Rue Belliard 40 / Belliardstraat 40 (box 11) 1040 Brussels Tel: +32 (0)2 626 07 70 - Fax: +32 (0)2 626 07 71 info@aedifica.eu www.aedifi
Slide 73: Forward looking statement
Forward looking statement This Presentation includes forward-looking statements that reflect the Company's intentions, beliefs or current expectations concerning, among other things, the Company’s results, condition, performance, prospects, growth, strategies and the industry in which the Company op
Slide 74: Appendix
Appendix Hof van Schoten Schoten - Belgium -74-
Slide 75: Belgian REIT
Belgian REIT > Regulated Real Estate Company (SIR / GVV) under Belgian law > Investment property: maximum 20 % in one (group of) asset(s) > Appraisal: − At fair value on a quarterly basis by a valuation expert − No depreciation of properties > Dividend: at least 80 % of cash flow of parent company >
Slide 76: Investments in 2018/2019 (1)
Investments in 2018/2019 (1) 12 July 2018 Acquisition of 4 healthcare sites in Bad Sachsa (DE) • €19 m invested amount • 221 units in total 11 July 2018 19 July 2018 First execution of the Agreement for the cooperation agreement with construction of a care Specht Gruppe: acquisition residence in Ber
Slide 77: Investments in 2018/2019 (2)
Investments in 2018/2019 (2) 26 September 2018 First execution of cooperation 27 September 2018 agreement with Stichting Agreement for the Rendant: acquisition of 1 plot construction of a rest of land in Heerenveen (NL) home in Scheemda (NL) and start ofconstruction works • €1 m invested amount • €2
Slide 78: Investments in 2018/2019 (3)
Investments in 2018/2019 (3) 5 October 2018 Acquisition of a portfolio of 3 healthcare sites in The Netherlands • €35 m invested amount • €12 m to be invested • 207 units De Statenhof Residentie Sibelius Residentie Boldershof © Kolpa Architecten 8 October 2018 Acquisition of a portfolio of 2 rest ho
Slide 79: Investments in 2018/2019 (4)
Investments in 2018/2019 (4) 26 October 2018 Agreement for the 29 November 2018 construction of a rest home in Acquisition of a rest home in Harderwijk (NL) Meissen (DE) • €3.5 m invested amount • €4 m invested amount • €6.5 m to be invested • 73 units • 45 units Het Gouden Hart Harderwijk Seniorenh
Slide 80: Investments in 2018/2019 (5)
Investments in 2018/2019 (5) 18 December 2018 13 December 2018 Agreement for the Acquisition of a healthcare construction of a rest home site in Franeker (NL) in Zwolle (NL) • €11 m invested amount • €1 m invested amount • 70 units • €4.5 m to be invested • 24 units Kening State Stepping Stones Zwol
Slide 81: Investments in 2018/2019 (6)
Investments in 2018/2019 (6) 1 February 2019 26 February 2019 Agreement for the Acquisition of a portfolio of acquisition of a healthcare 92 healthcare properties in site to be constructed in the United Kingdom Plauen (DE) • £450 m invested amount • €12.5 m to be invested • 5,700 units • 116 units C
Slide 82: Investments in 2018/2019 (7)
Investments in 2018/2019 (7) 31 March 2019 13 May 2019 Completion of the Acquisition of the SARA Seniorenquartier Seniorenresidenz rest home Lübbecke care campus in in Bitterfeld-Wolfen (DE) Lübbecke (DE) • €10 m invested amount • €10 m invested amount • 126 units • 80 units Seniorenquartier Lübbeck
Slide 83: Investments in 2018/2019 (8)
Investments in 2018/2019 (8) 24 June 2019 16 May 2019 Completion of a care Completion of a care residence in Leusden residence in Eersel (NL) (NL) • €6 m invested amount • €4 m invested amount • 26 units • 21 units Huize Eresloo Villa Nova 23 May 2019 Second phaseof the 4 June 2019 cooperation agree
Slide 84: Investments in 2019/2020 (1)
Investments in 2019/2020 (1) 7 August 2019 Acquisition and 9 July 2019 redevelopment of a Acquisition of a care home healthcare site in in Apeldoorn (NL) Witmarsum (NL) • €10 m invested amount • €1 m invested amount • 80 units • €3 m to be invested • 27 units Rumah Saya Vinea Domini 9 July 2019 15 A
Slide 85: Investments in 2019/2020 (2)
Investments in 2019/2020 (2) 21 August 2019 Acquisition of a care home in Wurzen (DE) • €7 m invested amount • 73 units Seniorenhaus Lessingstrasse 28 August 2019 Acquisition of a portfolio of 5 healthcare sites in Hoogeveen (NL) • €44 m invested amount • 340 units De Kaap Krakeel De Vecht Wolfsbos
Slide 86: Notes
fre ; Notes aecifica |' housing with care -86-