OTP Bank Nyrt · BET:OTP

OTP Bank Nyrt — Shopper Park Plus REIT — IPO Roadshow (October 2023)

14 slides from OTP Bank Nyrt's IPO roadshow presentation, October 2023

  1. Slide 1: Shopper Park Plus REIT IPO Investment Presentation

    SHOPPER PARK PLUS REIT IPO ON THE BUDAPEST STOCK E XCHANGE INVESTMENT PRESENTATION OCTOBER 2023

  2. Slide 2: Investment Highlights

    INVESTMENT HIGHLIGHTS STRICTLY CONFIDENTIAL Mid-term strategic goal is to become a significant food-anchored retail park brand in the CEE region Robust dividend yield segment  Retail parks offer higher achievable yield than other retail real estate assets. ESG focused development strategy Well iden

  3. Slide 3: The Issuer

    THE ISSUER STRICTLY CONFIDENTIAL Buy, hold and lease of 18 food-anchored retail parks in Hungary and the Czech Republic Adventum Penta Penta CEE Portfolion Partner TRANSACTION OVERVIEW Co-Investment Private investors Holding Zrt. Magántőkealap SCSp* TESCO transaction 15.13% 62.86% 12.46% 9.55%  In

  4. Slide 4: Properties

    PROPERTIES STRICTLY CONFIDENTIAL 326 thousand square meters gross lettable area on 18 locations across Hungary the Czech Republic* 2x Budapest Prague 2x 2x 4 14 Mall occupancy 97.7% 4 Mall occupancy 95.6% assets assets WAULT (incl. TESCO) 5.4 WAULT (incl. TESCO) 3.5 261K sq m 65K sq m lettable area

  5. Slide 5: Market & Lease Portfolio

    MARKET & LEASE PORTFOLIO STRICTLY CONFIDENTIAL Reported market rents are higher than the average rent per month in the Issuer’s portfolio 6.0 EUR 8.5 EUR 13.0 EUR 10.5 EUR 12.0 EUR Outside Budapest Budapest & vicinity Brno Prague (e.g.: Budaörs) • Hungary had 1.67 million sq m retail parks in 2022Q4

  6. Slide 6: Capital Structure

    CAPITAL STRUCTURE STRICTLY CONFIDENTIAL Market standard leverage contributes to strong dividend yield potential KEY CAPITAL STRUCTURE CONSIDERATIONS  The Issuer aims to maintain a loan to value ratio between 50-60%.  This objective is strongly supported by the strict REIT requirement of not exceed

  7. Slide 7: Initial Public Offering

    INITIAL PUBLIC OFFERING STRICTLY CONFIDENTIAL First EUR denominated and public REIT IPO in Hungary for a regional business  Price range: 10.8-11.5 EUR per share  New issuance: min. 2 million, max. 4.62 million shares KEY  Capital increase: min. EUR 21.6 mn to ensure 25% free float (REIT requireme

  8. Slide 8: Adventum Group

    ADVENTUM GROUP STRICTLY CONFIDENTIAL The controlling shareholder of the Issuer – a leading real estate fund and asset management group in CEE A leading, independent real estate investment fund manager operating under the AIFM regime specialised in the CEE region. The Group's* independence and owners

  9. Slide 9: Management

    MANAGEMENT STRICTLY CONFIDENTIAL Experienced management with extensive track record in real estate investments and financial markets BOARD OF DIRECTORS SUPERVISORY BOARD Kristóf Bárány - Chairman Dr. Gergely Szűcs – member Real estate investment and venture capital professional 20 years' experience

  10. Slide 10: Financials (1/2)

    FINANCIALS (1/2) STRICTLY CONFIDENTIAL Consolidated, audited P&L for 2022FY and consolidated, non-audited, non-reviewed P&L for 2023H1 in thousand EUR 2022 2023H1 CONSIDERATIONS Rental income 11,047 10,728  The 2022 audited financial statements reflect the ongoing business in the period between 202

  11. Slide 11: Financials (2/2)

    FINANCIALS (2/2) STRICTLY CONFIDENTIAL Consolidated, audited balance sheet for 31. 12. 2022 and consolidated, non-audited, non-reviewed balance sheet for 30. 06. 2023 in thousand EUR 31.12.2022 30.06.2023 31.12.2022 30.06.2023 Non-current assets 279,648 284,207 Equity 119,169 121,695 Shareholder's c

  12. Slide 12: Appendix

    APPENDIX

  13. Slide 13: Indicative Peer Group

    INDICATIVE PEER GROUP STRICTLY CONFIDENTIAL 13 Source: Concorde Research DEFINITIONS (as given by Bloomberg)*  Total debts to total capital: short and long-term borrowings divided by short-term borrowings + long-term borrowings + preferred equity + minority interest + total common equity. The Issue

  14. Slide 14: Disclaimer

    DISCLAIMER STRICTLY CONFIDENTIAL This investment presentation („Teaser”) has been prepared by Shopper Park Plus Zrt. (“Issuer”) for information purposes to have as background material to discussions only and it is not regulated information or information which has been subject to prior registration

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