Slide 1: Presentation of 2024 activity and results
THE FRENCH LISTED PROPERTY COMPANY SPECIALISED IN CITY-CENTRE RETAIL STORES Presentation of 2024 activity and results www.selectirente.com 1
Slide 2: Disclaimer
DISCLAIMER This document has been prepared by SELECTIRENTE (the "Company") for information purposes only, as a supplement to information published elsewhere by SELECTIRENTE. This document may not be reproduced or distributed, in whole or in part, by any person other than the Company. To the extent p
Slide 3: Presentation of the speakers
PRESENTATION OF THE SPEAKERS Jérôme Descamps Dany Abi Azar Chairman CFO of SELECTIRENTE Gestion of SELECTIRENTE Gestion Presentation of 2024 activity and results 3
Slide 4: Summary
SUMMARY 01 Key figures and highlights 02 Activity and operating performance 03 2024 Results 04 Outlook Presentation of 2024 activity and results 4
Slide 5: Resilience of shops and city centres
RESILIENCE OF SHOPS AND CITY CENTRES Household consumption: 75% Retail investment: 64% of consumers believe that physical of French people try to shop in +0.9% shops are an important contact point, physical stores rather than on the internet** €2.5bn even if they buy online from the same Estimated f
Slide 6: Key figures and highlights
KEY FIGURES AND HIGHLIGHTS 01 www.selectirente.com 6
Slide 7: Key figures of 2024
KEY FIGURES OF 2024 €576m 94.1% 397 Assets Value of assets excluding Average annual financial and transfer duties occupancy rate 510 tenants €30m €6.85/share €4.9/share Gross rental income IFRS net income EPRA Earnings (Rents : +3.0% on a like-for-like basis) (+117% vs 2023) (-9% vs 2023) €91.3/shar
Slide 8: 2024 Summary
2024 SUMMARY Return to investment with the acquisition of a commercial premises in Rue de Rivoli Dynamic and rigorous rental activity in 2024 in terms of relocations and lease renewals Continuation of the arbitrages programme in 2024, with the disposal of 20 assets for €14m, generating a distributab
Slide 9: Activity and operating performance
ACTIVITY AND OPERATING PERFORMANCE 02 www.selectirente.com 9
Slide 10: Acquisition: a high-quality asset in the heart of Paris
ACQUISITION A HIGH-QUALITY ASSET IN THE HEART OF PARIS Acquisition (IR): €2.9m ➢ 200 m² of retail premises ➢ Rue de Rivoli (1st arrondissement of Paris) ➢ Leased for 6 years ➢ An immediate yield of 5.5 ➢ Near to soft mobility solutions → Ability to seize market opportunities → Highly selective inves
Slide 11: Strategic disposals: value creation and asset optimisation
STRATEGIC DISPOSALS VALUE CREATION & ASSET OPTIMISATION Since its creation, SELECTIRENTE has demonstrated its strong resilience and ability to create value by selling non-strategic or mature assets at attractive prices to optimise its portfolio. CREATING VALUE REFOCUSING THE ASSETS Results through c
Slide 12: Asset management: a key pillar of value creation
ASSET MANAGEMENT A KEY PILLAR OF VALUE CREATION Value accretion through Value accretion through Value accretion through Lease transfer Leasing new leasing 2023 2024 2025 COMMERCIAL PREMISES COMMERCIAL PREMISES COMMERCIAL PREMISES Rue Rambuteau - Paris 1st & 3rd Rue de la Verrerie - Aix-en- Provence
Slide 13: An increase in the value of assets
AN INCREASE IN THE VALUE OF ASSETS +1.6% on a like-for-like basis EVOLUTION IN THE VALUATION OF DIRECT REAL ESTATE ASSETS (€M) -0.2% in asset value / +1.6% on a like-for-like basis +2,6 553,6 +8,9 552,4 -12,7 31/12/2023 Acquisitions Adjustements Changes in values 31/12/2024 Presentation of 2024 acti
Slide 14: Diversification of the portfolio at the end of December 2024
DIVERSIFICATION OF THE PORTFOLIO AT THE END OF DECEMBER 2024 A granular & diversified portfolio of high quality, directly owned properties, with 84% of the portfolio consisting of city-centre retail properties, more than 60% of which are located in Central Paris Distribution of direct real estate po
Slide 15: The granularity of the portfolio at the end of December 2024
THE GRANULARITY OF THE PORTFOLIO AT THE END OF DECEMBER 2024 The granularity & diversification of SELECTIRENTE’s tenants is in the core DNA and investment strategy of the company Sector distribution of direct real estate portfolio (% of annual rental income) Household Services (estate goods Personal
Slide 16: Rental growth on a like-for-like basis
RENTAL GROWTH ON A LIKE-FOR-LIKE BASIS ➢ Rents : +3% on a like-for-like basis ➢ Gross rental income: €30m, -2%. +3.0 % * * Insolvency proceedings: • Slight decrease mainly due to the 29 tenants subject to compulsory liquidation in 2023 and 2024, in line with the trend in business insolvencies record
Slide 17: Dynamic rental management: evolution and resilience
DYNAMIC RENTAL MANAGEMENT EVOLUTION & RESILIENCE SELECTIRENTE : Manager Property management Closeness to Disposal policy: excellent track record SELECTIRENTE entrusted to SOFIDY, a tenants and strategic, active and in the retail sector, Gestion : in-depth leading historical player retailers continuo
Slide 18: 2024 Results
2024 RESULTS 03 www.selectirente.com 18
Slide 19: Regular growth in key performance KPIs
REGULAR GROWTH IN KEY PERFORMANCE KPIs Growth rental income (€M) EPRA Earnings (in €/share) 30.3 30.0 5.35 28.1 4.89 4.68 4.04 22.4 2021 2022 2023 2024 2021 2022 2023 2024 ANR NTA EPRA Net Cash flow (in €/share) (in €/share) 4.6 4.45 4.33 88.88 88.15 87.42 86.06 3.72 2021 2022 2023 2024 2021 2022 20
Slide 20: Creation of value for shareholders
CREATION OF VALUE FOR SHAREHOLDERS CHANGE IN DIVIDEND (IN € / ACTION) Outperformance of the stock compared to its benchmark 3.80 4.1 4.0 3.60 3.45 3.50 3.25 3.20 2.80 2.90 (Basis 100 – IPO) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 * *Subject to approval by the AGM on May 27, 2025 CHANGE IN
Slide 21: Strengthening of the financial structure
STRENGTHENING OF THE FINANCIAL STRUCTURE STRUCTURING OPERATION TO ACCELERATE THE COMPANY'S GROWTH In July 2024, 80 M€ refinancing with the same historical banking partners • A €50m 5-year term corporate mortgage loan with two one-year extension options; • A new 3-year RCF of €30m, with a one-year ex
Slide 22: Outstanding debts post-refinancing
OUTSTANDING DEBTS POST-REFINANCING Evolution of the outstanding capital by year and by type of debt 250 As at December 31, 2024 206 198 194 200 • EPRA LTV : 34,9 % Outstanding Capital (€M) 150 • Average residual maturity : ~4 years • Share of debt at fixed / floating rate : 100% 100 91* • Average 20
Slide 23: SLL & ESG KPIs
SLL & ESG KPIs ➢ SELECTIRENTE has strengthened its commitment to sustainable development by transforming two lines of credit into Sustainability-Linked Loans (SLL). ➢ These loans incorporate ESG objectives linked to three extra-financial performance criteria that can affect bank margins KPI #1 KPI K
Slide 24: ESG commitments
ESG COMMITMENTS SELECTIRENTE has been strongly committed to developing and implementing a rigorous ESG policy for several years. * The 12 mesurable and quantifiable objectives, taken by SELECTIRENTE, have been reached as for 2023. SOCIAL ENVIRONMENT GOVERNANCE Working towards the development of Inte
Slide 25: Outlook
OUTLOOK 04 www.selectirente.com 25
Slide 26: 2025 Outlook
2025 OUTLOOK Pursuing the wise and selective growth dynamic… ….and keeping the value creation strategy • By capitalising on : • through disciplined and rigorous property management based on • its resilient asset base, with strong cash flow the expertise and track record of the operational teams (pro
Slide 27: Follow us on LinkedIn
Follow us on LinkedIn https://www.linkedin.com/company/selectirente/ Dany ABI AZAR – CFO +33 (0)1 69 87 02 00 – dany.abiazar@selectirente.com Aliénor KUENTZ 33 (0)6 28 81 30 83 – alienor.kuentz@shan.fr 27