Slide 1: Results as of September 30, 2023
RESULTS AS OF SEPTEMBER 30, 2023 Monday, October 23, 2023 PONANT (Paris 15th district)
Slide 2: Disclaimer
DISCLAIMER This presentation is not an offer or an invitation to sell or exchange securities, or a recommendation to subscribe, buy or sell Icade securities. Distribution of this document may be restricted in certain countries by legislation or regulations. As a result, any person who comes into pos
Slide 3: Agenda
AGENDA 1. Q3 2023 Key takeaways 2. Performance of Business Lines 3. 2023 Outlook Results as of September 30, 2023 3
Slide 4: Q3 2023 Key Takeaways
1 Q3 2023 KEY TAKEAWAYS ORIGINE (Nanterre, Hauts-de-Seine) Results as of September 30, 2023 4
Slide 5: Q3 2023 – Key Takeaways
1. Q3 2023 KEY TAKEAWAYS Q3 2023 – Key Takeaways Solid operational performance reflecting resilient fundamentals Even stronger balance sheet post closing of stage 1 of Icade Santé disposal Leading player in CSR market initiatives and solid recognition by rating agencies 2023 outlook reaffirmed Resul
Slide 6: Revenue as of September 30, 2023
1. Q3 2023 KEY TAKEAWAYS Revenue as of September 30, 2023 Change 2023 LFL change 2023 (in €m and on a 100% basis)(1) 09/30/2023 09/30/2022 vs. 2022 (%) vs. 2022 (%) Gross rental income from Commercial Investment 271.6 274.1 (0.9)% 2.5% Property Development revenue(2) 730.9 696.5 4.9% 3.6% Other reve
Slide 7: Performance of Business Lines
2 PERFORMANCE OF BUSINESS LINES PARIS ORLY-RUNGIS BUSINESS PARK (Val-de-Marne) Results as of September 30, 2023 7
Slide 8: Commercial Investment – Solid leasing activity and revenues
2. PERFORMANCE OF BUSINESS LINES – COMMERCIAL INVESTMENT Commercial Investment – Solid leasing activity and revenues Very dynamic leasing activity >150,000 sq.m signed or renewed YTD including 50,000 sq.m in Q3 2023 Securing €42m annual rental income Paris Orly-Rungis Nanterre area business park 5.7
Slide 9: Commercial Investment – Opportunistic approach on asset rotation
2. PERFORMANCE OF BUSINESS LINES – COMMERCIAL INVESTMENT Commercial Investment – Opportunistic approach on asset rotation Selective acquisition c.€49m(1) Opportunistic disposals c.€180m PONANT B, Paris, 15th district: 5,400 sq.m In line with NAV as of December 2022 Average yield on offices sold: 4.7
Slide 10: Property Development – A cautious strategy in a slowing market
2. PERFORMANCE OF BUSINESS LINES – PROPERTY DEVELOPMENT Property Development – A cautious strategy in a slowing market Focus on working capital and reshaping development operations to the new environment 1 2 Increase in bulk sales Greater selectivity to launch operations Residential bulk sales: Incr
Slide 11: 2023 Outlook
3 2023 OUTLOOK ORSUD (Gentilly, Val-de-Marne) Results as of September 30, 2023 11
Slide 12: 2023 outlook: guidance reaffirmed
3. 2023 OUTLOOK 2023 outlook: guidance reaffirmed 2023 2023 proforma NCCF per share 2023 NCCF Group NCCF [€2.95 - €3.05] guidance per share including impact of 2023 disposals reaffirmed NB: 2023 Healthcare contribution – H1 2023 NCCF per share: €1.25 2023 dividend Recurring dividend based on minimum
Slide 13: Financial agenda
3. 2023 OUTLOOK Financial agenda NEXT KEY EVENTS 2023 FY Results February 19, 2024 New strategic plan to be presented Early 2024 Results as of September 30, 2023 13