Zublin Immobilien Holding Ag · SIX:ZUBN

Zublin Immobilien — FY2017/18 Earnings Presentation

21 slides from Zublin Immobilien's earnings presentation, May 17, 2018

  1. Slide 1: Annual Results 2017/18 Presentation

    ANNUAL RESULTS 2017/18 PRESENTATION Annual Results 2017/18 | 17.5.2018 1/21

  2. Slide 2: Agenda

    AGENDA YEAR IN REVIEW FINANCIALS PORTFOLIO AGM 2018 OUTLOOK Annual Results 2017/18 | 17.5.2018 2/21

  3. Slide 3: Year in Review

    YEAR IN REVIEW Annual Results 2017/18 | 17.5.2018 3/21

  4. Slide 4: Financial Restructuring Completed

    YEAR IN REVIEW FINANCIAL RESTRUCTURING COMPLETED NAV (in CHFm) Mar 18 129 • Refinancing Swiss Portfolio • Sale of German Portfolio Mar 17 122 Sep 16 98 • HY 16/17 – Return to Profitability Mar 16 90 • Reverse Share Split • Capital Increase (CHF 72m) Sep 15 19 • Economic Withdrawal from France Mar 15

  5. Slide 5: Selected KPI's

    YEAR IN REVIEW SELECTED KPI’S Equity Equity ratio (in CHFm) (in %) + 6% + 30% 129 129 122 62% 62% 32% 2018 2017 2018 2017 NAV per share Share price reporting date (in CHF) (in CHF) + 6% + 23% 38.85 38.85 36.82 26.90 26.9 21.95 2018 2017 2018 2017 Annual Results 2017/18 | 17.5.2018 5/21

  6. Slide 6: Selected KPI's

    YEAR IN REVIEW SELECTED KPI’S Total assets LTV (in CHFm) (in %) - 46% - 34% 209 209 384 33% 33% 67% 2018 2017 2018 2017 Available credit facility Authorized Capital (in CHFm) (in CHFm) > 100% + 0% 52 52 1 37 37 37 2018 2017 2018 2017 Note: Prior year figures including Swap and discontinued operation

  7. Slide 7: Portfolio

    PORTFOLIO Annual Results 2017/18 | 17.5.2018 7/21

  8. Slide 8: Portfolio Overview

    PORTFOLIO PORTFOLIO OVERVIEW > Züblin’s current portfolio comprises of 5 properties in Switzerland > Successful high occupancy due to strong re-letting > Additional value creation after vacancy reduction in the Berne property following re-positioning Portfolio value WALT Vacancy rate (mio) CHF 5.2 1

  9. Slide 9: Portfolio Overview: Potential Annual Income versus Vacancy

    PORTFOLIO PORTFOLIO OVERVIEW Contribution of potential annual income versus vacancy per property Annual Results 2017/18 | 17.5.2018 9/21

  10. Slide 10: Financials

    FINANCIALS Annual Results 2017/18 | 17.5.2018 10/21

  11. Slide 11: Income Statement - Group

    FINANCIALS INCOME STATEMENT - GROUP (in CHF 1 000) 2017/18 2016/17 ∆ Adjusted Earnings from continuing operations 2 752 2 113 30% Adjusted Result from discontinued operations 3 859 27 813 -86% Adjusted Earnings 6 611 29 926 -78% Adjustment items (reclassifications from equity reserves) - Cash Flow H

  12. Slide 12: Income Statement Continuing Operations

    FINANCIALS INCOME STATEMENT CONTINUING OPERATIONS (in CHF 1 000) 2017/18 2016/17 ∆ Rental income 8 086 8 030 1% Real estate expenses -635 -455 -40% Administrative expenses -4 543 -4 191 -8% EBITDA 2 908 3 384 -14% Valuation result 1 505 2 369 -36% EBIT 4 413 5 753 -23% adjusted Net financial expense

  13. Slide 13: Income Statement Discontinued Operations

    FINANCIALS INCOME STATEMENT DISCONTINUED OPERATIONS (in CHF 1 000) 2017/18 2016/17 Consideration received in cash 58 577 Net Assets disposed -58 604 Realized currency gain from the repayment of shareholder loans 3 252 Result discontinued operations for the period 634 27 813 Adjusted Result from disc

  14. Slide 14: Balance Sheet

    FINANCIALS BALANCE SHEET (in CHF 1 000) 31.3.2018 31.3.2017 ∆ Investment properties 200 120 198 480 1% Other assets 9 276 17 525 -47% Assets Discontinued Operation Germany 0 167 750 -100% Total asset 209 396 383 755 -45% Equity 128 909 122 172 6% Mortgages incl. Swaps 65 705 127 828 -49% Other liabi

  15. Slide 15: Corporate Governance

    CORPORATE GOVERNANCE Annual Results 2017/18 | 17.5.2018 15/21

  16. Slide 16: Shareholder Structure as of 31.03.2018

    CORPORATE GOVERNANCE SHAREHOLDER STRUCTURE AS OF 31.03.2018 Lamesa Holding AG 41.7% Ketom AG 5.6% ALSA PK 3.1% Diversified freefloat 49.8% Annual Results 2017/18 | 17.5.2018 16/21

  17. Slide 17: 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 2017/18 | 17.

  18. Slide 18: Agenda for the 29th Annual General Meeting on 21.06.2018

    CORPORATE GOVERNANCE AGENDA FOR THE 29TH ANNUAL GENERAL MEETING ON 21.06.2018 1. Approval of the Annual Report 2017/18, Auditors' Reports and Compensation Report 2. Offset of net loss against reserves 3. Tax free distribution of 1 CHF per registered share (Namenaktie) from capital reserves 4. Discha

  19. Slide 19: Outlook

    OUTLOOK Annual Results 2017/18 | 17.5.2018 19/21

  20. Slide 20: Outlook

    OUTLOOK OUTLOOK • Small but profitable portfolio • New credit facility in Switzerland (CHF 52m available) and authorized capital (CHF 37m)  Flexibility to act on new investment opportunities Annual Results 2017/18 | 17.5.2018 20/21

  21. Slide 21: 29th Annual General Meeting: June 2018

    AGENDA 29th Annual General Meeting: 21 June 2018 Annual Results 2017/18 | 17.5.2018 21/21

Züblin Immobilien Holding — FY2017/18 Earnings Presentation on 6ix