Mlp Group Sa · GPW:MLG
Mlp Group Sa — Debt Investor Presentation (July 2026)
29 slides from Mlp Group Sa's debt investor presentation, July 2026
Slide 1: MLP €100m Senior Green Notes Tap Offering
MLP €100m Senior Green Notes Tap Offering Conservative Approach To Growth In Industrial Assets In Core Urban Areas In Europe Investor Presentation July 2026 MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE
Slide 2: Disclaimer
DISCLAIMER IMPORTANT: This presentation has been prepared for information and background purposes only and the information contained herein (unless otherwise indicated) has been provided by MLP Group S.A. (the “Issuer”, and together with each of its consolidated subsidiaries, the “Group”), and has n
Slide 3: Today's Presenters
TODAY’S PRESENTERS Radosław T. Krochta Maciej Müldner CEO & President of the CFO & Member of the Management Board Management Board ● Radosław joined MLP Group in 2010 as CFO, he then was ● Maciej joined MLP Group in July 2025 named CEO and President in 2016 ● Prior to MLP he has held key positions a
Slide 4: Agenda
AGENDA 1 TRANSACTION OVERVIEW Pg 5 2 MLP GROUP AT A GLANCE Pg 11 3 FINANCIAL ACTIVITY Pg 20 A APPENDIX Pg 26 Investor Presentation MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE 4
Slide 5: Transaction Overview
01. TRANSACTION OVERVIEW MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE
Slide 6: Transaction Overview: Executive Summary
01. TRANSACTION OVERVIEW Executive Summary • MLP Group is a leading European logistics platform with a vertically integrated business model, specializing in the development, ownership, and management of Class A, modern, multi-tenant, generic warehouse and industrial properties ➢ ~1.7m sqm GLA with a
Slide 7: Sources & Uses and PF Capitalization
01. TRANSACTION OVERVIEW Sources & Uses and PF Capitalization Illustrative Sources & Uses Sources EURm Uses EURm Cash to Balance Sheet for Funding of Opportunistic Land Senior Unsecured Green Notes Fungible(1) Tap 100.0 98.5 Acquisitions and / or New Developments(2) Estimated Fees and Expenses 1.5 T
Slide 8: Indicative term sheet
01. TRANSACTION OVERVIEW Indicative term sheet New EUR Senior Unsecured Green Notes Fungible(1) Tap Offering Issuer MLP Group S.A. Amount 100m Currency EUR Tenor 15-Oct-2029 (In line with existing Senior Unsecured Notes due 2029) Use of Proceeds Cash to Balance Sheet for Funding of Opportunistic Lan
Slide 9: Simplified Structure Chart
01. TRANSACTION OVERVIEW Simplified Structure Chart Cajamarca Holland Other Israeli investors(2) Other shareholders B.V.(1) 42.69% 23.14% 34.17% Notes offered hereby MLP Group S.A. Existing 2031 Notes (Issuer) Existing 2029 Notes Non – Guarantor Subsidiaries = Issuer = Non - Guarantor Other financin
Slide 10: Strong debt metrics and staggered maturity profile
01. TRANSACTION OVERVIEW Strong debt metrics and staggered maturity profile PF(1) as of 31-Mar-26 BANK LOANS BY MATURITY (PF TRANSACTION) IN EUR MN Net Total LTV 44.0% 60 59 NAV in EUR mn 754 39 25 Total debt in EUR mn (all-in) 935 2028 2029 2030 2031 among which: BONDS BY MATURITY (PF TRANSACTION)
Slide 11: MLP Group at a Glance
02. MLP GROUP AT A GLANCE MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE
Slide 12: Structurally resilient business model
02. MLP GROUP AT A GLANCE Structurally resilient business model ● MLP Group’s business model remains structurally resilient and difficult to disrupt => real assets and infrastructure- backed businesses typically remain more resilient during periods of technological disruption. ● MLP Group’s investme
Slide 13: MLP Group boasts exceptional fundamentals
02. MLP GROUP AT A GLANCE MLP Group boasts exceptional fundamentals MLP Group is a leading European logistics platform with a vertically integrated business 1. model, specializing in the development, ownership, and management of Class A, modern, multi-tenant, generic warehouse and industrial propert
Slide 14: MLP Group boasts exceptional fundamentals
02. MLP GROUP AT A GLANCE MLP Group boasts exceptional fundamentals One of the youngest portfolio of industrial assets in Europe => High quality, modern 4. properties - over 60% of the total portfolio by GLA has been developed within the past 5 years, and approximately 85% of the assets are less tha
Slide 15: Three types of warehouse space
02. MLP GROUP AT A GLANCE Three types of warehouse space CITY/URBAN LOGISTICS BIG BOX BUSINESS PARK CITY PARK BIG BOX (i.e. large-scale) warehouses, primarily MLP Business Parks offer small warehouse units MLP City Parks are located in prime city-center addressing logistics, e-commerce growth and (r
Slide 16: Strategic growth drivers
02. MLP GROUP AT A GLANCE Strategic growth drivers EUROPE’S STRUCTURAL TRENDS SUPPORT MLP GROUP STRATEGY Nearshoring & industrial growth • Strong manufacturing demand across Hamburg CEE & Germany Berlin Gorzów Wielkopolski PL€1.17bn • Growing Chinese industrial investment in Europe Berlin / Poznań P
Slide 17: Leasing Results in 1Q 2026
02. MLP GROUP AT A GLANCE Leasing Results in 1Q 2026 1Q 2026 - RECORD LEASING PERFORMANCE IN Q1 2026 LEASING VOLUME NEW ANNUALIZED NEW TENANT DEMAND 65,806 sqm CONTRACTED RENT 58,500 sqm +189% YoY EUR 4.6 mn +671% YoY +245% YoY nearly 3x growth FUTURE - STRONG DEVELOPMENT PIPELINE SPACE UNDER ANNUAL
Slide 18: Lease agreements in 1Q 2026
02. MLP GROUP AT A GLANCE Lease agreements in 1Q 2026 LEASED SPACE (IN SQM) • Leasing: 65,806 sqm (+189% YoY) • Annualized rent: EUR 4.6 mn (+245% YoY) EUR 4.6 mn 65,806 EUR 1.3 mn sqm 22,809 sqm 1Q 2025 1Q 2026* xx Annualized rents from new contracts and renewals *Data as of reporting date 1Q 2026
Slide 19: Operational excellence & disciplined investment strategy
02. MLP GROUP AT A GLANCE Operational excellence & disciplined investment strategy STRONG OPERATING METRICS (AS OF March 31, 2026) 1.7 mn sqm 95% 99% GLA Long-term Occupancy Retention rate 100% 99% 7.6 Years Lease contracts indexed with Rent collection WAULT EURO HICP (in 60 days) c. 85% 31% ~2.1 mn
Slide 20: Financial Activity
03. FINANCIAL ACTIVITY MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE
Slide 21: Dynamic growth and robust cash flow generation (1/3)
03. HISTORICAL FINANCIALS Dynamic growth and robust cash flow generation over the years (1/3) TOTAL REVENUE (€MN) RECURRING EBITDA (€MN) 9% 14% 15% 55% 49% 49% 48% €71.2m Run-Rate 99 104 Adjusted EBITDA 80 87 48 50 33 44 43 2023 2024 2025 LTM Q1'26 2022 2023 2024 2025 LTM Q1'26 % YoY Growth % Recurr
Slide 22: Dynamic growth and robust cash flow generation (2/3)
03. HISTORICAL FINANCIALS (2/3) Dynamic growth and robust cash flow generation over the years (2/3) GAV (€MN) NAV (€MN) 11% 25% 29% 22% 1,564 1,599 1,292 643 756 754 1,037 551 2023 2024 2025 LTM Q1'26 2023 2024 2025 LTM Q1'26 % YoY Growth GROSS TOTAL DEBT (€MN) GROSS SENIOR SECURED DEBT (€MN) 935 83
Slide 23: Dynamic growth and robust cash flow generation (3/3)
03. HISTORICAL FINANCIALS (3/3) Dynamic growth and robust cash flow generation over the years (3/3) NET LTV (%) SECURED NET LTV (%) 43% 43% 44% 29% 22% 38% 13% 34% (3%) 2022 2023 2024 2025 Q1'26 (1) 2023 2024 2025 Q1'26 (1) SENIOR SECURED DEBT / TOTAL DEBT (%) EBITDA TO NET INTEREST COVER (X) 80% 3.
Slide 24: Main 1Q 2026 highlights in EUR
03. 1Q 2026 FINANCIAL ACTIVITY Main 1Q 2026 highlights in EUR ANNUALIZED FUTURE RENTAL INCOME (IN MN EUR) Annualized rents Annualized rents Total annualized Annualized rents Total annualized from contracts from new contracts rental income from new rental income signed and renewals as at 31.03.2026 c
Slide 25: Run-rate Adjusted EBITDA bridge
03. HISTORICAL FINANCIALS Run-rate Adjusted EBITDA bridge RUN-RATE ADJUSTED EBITDA (IN MN EUR) 14.3 0.7 71.2 56.1 0.1 EBITDA Q1 2026 - Annualized Non recurring items Lease Contributions 1Q'26 Lease contributions 2Q'26 Run-Rate Adjusted EBITDA 1Q 2026 (PF transaction) 1Q 2025 Net Debt / Annualized EB
Slide 26: Appendix
A. Appendix MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE
Slide 27: Glossary
Glossary Term Definition Big Box Large scale warehouse projects or distribution centers CAGR Compound Annual Growth Rate City or urban logistics projects, branded as our MLP Business Parks, offering tenants flexible, small-scale warehouse and light production units, ranging City Logistics from 700 t
Slide 28: Exchange rates used (as per Bank of Poland)
Exchange rates used (as per Bank of Poland) 2023 2024 2025 Q1 2026 EUR/PLN P&L (average of reporting period)(1) 4.5284 4.3042 4.2372 4.2419 EUR/PLN BS / CF (as of reporting date) 4.3480 4.2730 4.2267 4.2894 Note: (1) Arithmetic mean of the mid exchange rates effective on the last day of each month i
Slide 29: Thank you!
Thank you! MLP GROUP S.A. ul. 3 Maja 8, 05-800 Pruszków, tel. +48 22 738 30 10 www.mlpgroup.com MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE