Slide 1: Half year results 2019/2020
Half year results 2019/2020 Brussels, 19 February 2020 -1-
Slide 2: Table of contents
Table of contents > Highlights H1 2019/2020 > Strategy > Achievements > Portfolio analysis > Financials > Shares & shareholders > Outlook > Conclusion -2-
Slide 3: Highlights H1 2019/2020
Highlights H1 2019/2020 Huize Hoog Kerckebosch Zeist – The Netherlands -3-
Slide 4: Highlights H1 2019/2020 (1)
Highlights H1 2019/2020 (1) > Rental income: €72 million, +42% YoY, +1.6% L-F-L > EPRA Earnings: €46.6 million, +47% YoY > EPRA Earnings per share: €1.89, + 9% YoY > Real estate portfolio of €2.6 billion, +14% (+€315 million) compared to 30 June 2019 > Weighted average unexpired lease term: 21 years
Slide 5: Highlights H1 2019/2020 (2)
Highlights H1 2019/2020 (2) > 290 healthcare sites comprising >21,000 units in 4 countries − €1,050 million in Belgium (79 sites) − €543 million in Germany (67 sites) − €402 million in the Netherlands (53 sites) − €571 million in the United Kingdom (91 sites) > Pipeline of €480 million in acquisitio
Slide 6: Investment activity
Investment activity 30 healthcare sites added or announced during H1 2019/2020 > €380 million Name Type Location Date Investment Pipeline Gross rental Completion Lease Operator (€ million) 1 (€ million) 2 yield (approx. %) Germany 125 150 Zur alten Linde Acquisition 5 Rabenau 8/07/2019 18 - 6% - 30
Slide 7: Investment activity
Investment activity 30 healthcare sites added or announced during H1 2019/2020 > €380 million Name Type Location Date Investment Pipeline Gross rental Completion Lease Operator (€ million) 1 (€ million) 2 yield (approx. %) Germany 125 150 Netherlands 63 19 Rumah Saya Acquisition Appeldoorn 9/07/2019
Slide 8: Investment activity projects completed during H1 2019/2020
Investment activity 6 projects completed during H1 2019/2020 Name Type Location Date Investment Gross rental Lease Operator (€ million) 1 yield (approx. %) Belgium 3 ’t Hoge III Extension Kortrijk 28/11/2019 2 6% 27 years - NNN Senior Living Group Plantijn III Renovation Kapellen 17/12/2019 1 6% 27
Slide 9: Portfolio outlook: €3.65 billion
Portfolio outlook Total portfolio outlook: €3.65 billion (As of 18 February 2020) €m 4,000 +544 +71 3,654 3,500 +480 3,000 2,567 -8 2,500 2,000 1,500 1,000 500 0 Marketable investment Assets classified as Committed investments Hoivatilat portfolio & Acquisitions after Portfolio outlook properties +
Slide 10: Strategy
Strategy Seniorenquartier Lübbecke Lübbecke - Germany -10-
Slide 11: Aedifica
Aedifica > Belgian REIT (RREC/SIR/GVV) − market cap ~ €3.3 billion − free float of 100% − marketable investment properties ~ €3 billion − Pipeline ~ €600 million − WAULT ~ 21 years > Market reference in European listed healthcare real estate > European focus − Belgium − Germany − Netherlands − Unite
Slide 12: Demographic evolution
Demographic evolution Ageing in Belgium Ageing in Germany Source: Belgian Federal Planning Bureau, 2018. Source: Statistisches Bundesamt (Deutschland), 2015. Ageing in the Netherlands Ageing in the United Kingdom Source: Centrale Bureau voor de Statistiek, 2016. Source: Office for National Statistic
Slide 13: Demographic evolution
Demographic evolution Ageing in Finland Ageing in Sweden 40% 40% 35% 35% 30% 30% 65 + 65 + 25% 25% 70 + 70 + 20% 20% 75 + 75 + 15% 80 + 15% 80 + 10% 85 + 10% 85 + 5% 5% 0% 0% 2015 2020 2030 2040 2050 2060 2015 2020 2030 2040 2050 2060 Source: Statistics Finland, 2018. Source: Statistics Sweden, 2017
Slide 14: Achievements
Achievements De Kaap Hoogeveen - Netherlands -14-
Slide 15: Achievements: investment properties evolution since 2006
Achievements Investment properties1 Evolution since 2006 €m 4.000 3.654 3.500 3.072 3.000 CAGR: 26 % 2.567 2.500 (as of 31 December 2019) 2.321 2.000 1.741 1.545 1.500 1.157 1.005 1.000 785 593 643 518 500 435 252 347 356 111 0 1 Incl. assets classified as held for sale. 2 Incl. Hoivatilat portfolio
Slide 16: Achievements: focus on Europe
Achievements Focus on Europe Geographical breakdown (fair value)1 100%100% 55 2 2 1 1 12 12 9 9 13 1315 15 1316 12 12 16 15 15 14 14 80% 80% 17 17 13 14 14 23 22 23 22 21 18 18 60% 60% 17 17 21 100100 95 95 21 88 88 86 86 18 40% 40% 77 23 23 77 70 70 20% 45 41 3541 29 20% 45 29 0% 0% Belgium Belgium
Slide 17: Portfolio analysis
Portfolio analysis King’s Manor Ottery St. Mary - United Kingdom -17-
Slide 18: Healthcare real estate
Healthcare real estate > Focus on senior housing Healthcare segment breakdown 1% Healthcare buildings for care-dependent 17% seniors Healthcare buildings for independent 7% seniors with on-demand services Mixed-use healthcare buildings/seniors 75% Healthcare buildings for other target groups than se
Slide 19: Portfolio geographical breakdown
Portfolio (As of 31 December 2019) > Geographical breakdown 16% Flanders United Kingdom 29% Brussels Germany 21% Wallonia Netherlands 6% 6% 22% Marketable investment properties incl. assets classified as held for sale (€2,567 m). -19-
Slide 20: Belgian healthcare portfolio
Belgian healthcare portfolio (As of 31 December 2019) > Senior housing portfolio of 79 assets: − Capacity of more than 7,900 residents − Total fair value of approx. €1,050 m − Yield on fair value of 5.4% − Triple net long leases − Typical lease maturity: 27 years − 13 tenant groups: Senior Living Gr
Slide 21: Belgian healthcare portfolio
Belgian healthcare portfolio (As of 31 December 2019) Belgium Senior housing To be completed -21-
Slide 22: Belgian healthcare portfolio
Belgian healthcare portfolio Residentie Sporenpark, Residentie Kartuizehof, Beringen Lierde • 127 units • 128 units Leopoldspark, Hof van Schoten, Leopoldsburg Schoten • 150 units • 101 units -22-
Slide 23: German healthcare portfolio
German healthcare portfolio (As of 31 December 2019) > Senior housing portfolio of 67 assets: − Capacity of more than 5,300 residents − Total fair value of approx. €543 m − Yield on fair value of 5.8% − Double net long leases − Typical lease maturity: 20 - 25 years − 19 tenant groups: Vitanas, EMVIA
Slide 24: German healthcare portfolio
German healthcare portfolio (As of 31 December 2019) Germany Senior housing Senior housing Apartment buildings To be completed Hotels & other Hotels & other -24-
Slide 25: German healthcare portfolio
German healthcare portfolio Seniorenquartier advita Haus Zur Lübbecke, Alten Berufsschule, Lübbecke Zschopau • 80 units • 127 units Zur alten Linde, Haus Steinbachhof, Rabenau Chemnitz • 82 units • 151 units -25-
Slide 26: Dutch healthcare portfolio
Dutch healthcare portfolio (As of 31 December 2019) > Senior housing portfolio of 53 assets: − Capacity of more than 2,100 residents − Total fair value of approx. €402 m − Yield on fair value of 5.7 % − Mostly triple net long leases − Typical lease maturity: 15 - 20 years − 15 tenant groups: Stichti
Slide 27: Dutch healthcare portfolio
Dutch healthcare portfolio (As of 31 December 2019) The Netherlands Senior housing To be completed Hotels & other -27-
Slide 28: Dutch healthcare portfolio
Dutch healthcare portfolio Huize Groot De Statenhof, Waardijn, Leiden Tilburg • 79 units • 26 units Villa Nova, Huize De Leusden Compagnie, Ede • 21 units • 42 units -28-
Slide 29: UK healthcare portfolio
UK healthcare portfolio (As of 31 December 2019) > Senior housing portfolio of 91 assets: − Capacity of more than 5,800 residents − Total fair value of approx. €571 m − Yield on fair value of 6.9 % − 15 tenant groups: Maria Mallaband Care Group, Burlington Care, Care UK, Bondcare, Athorpe Health Car
Slide 30: UK healthcare portfolio
UK healthcare portfolio (As of 31 December 2019) United Kingdom Senior housing Hotels & other -30-
Slide 31: UK healthcare portfolio
UK healthcare portfolio Maple Court, Scarborough • 64 units Coplands, London • 79 units River View, Reading • 137 units Highfield, Armstrong House, Castleford Gateshead • 88 units • 71 units -31-
Slide 32: Healthcare real estate tenants
Healthcare real estate tenants Tenant diversification1 > 290 sites with approx. 150 tenants (or >60 ‘groups’)1 representing European, national and local profit and not-for-profit operators > No ‘operator group’ leases more than 15% of Aedifica’s consolidated assets 3 13% SLG Armonea Orpea 38% 11% Vu
Slide 33: Lease maturity & occupancy rate
Lease maturity & occupancy rate (As of 31 December 2019) Unexpired lease term Weighted average unexpired lease term 21 years 13% Occupancy rate <15 years 100 % ≥15 years 87% < 15 years ≥ 15 years 92% Marketable investment properties incl. assets classified as held for sale (€2,567 m). -33-
Slide 34: Age of buildings
Age of buildings (As of 31 December 2019) 5% 6% 0-10 years 20% 10-20 years >20 years Project 69% Marketable investment properties incl. assets classified as held for sale (€2,567 m). -34-
Slide 35: Gross yields on fair value
Gross yields on fair value (As of 31 December 2019) 7 6.9 6 5.8 5.9 5 5.4 5.7 4 3 2 1 0 Belgium Germany Netherlands United Kingdom Average -35-
Slide 36: Portfolio growth: development projects (1)
Portfolio growth Development projects as of 31 December 2019 (1) Projects and renovations Operator Investment Inv. as of Future Comment 31/12/2019 inv. (in € million) 1 Projects in progress 320 69 250 Completion 2019/2020 75 48 27 BE Kasteelhof Senior Living Group 3 0 3 Extension of a care home BE S
Slide 37: Portfolio growth: development projects (2)
Portfolio growth Development projects as of 31 December 2019 (2) Projects and renovations Operator Investment Inv. as of Future Comment 31/12/2019 inv. (in € million) 1 Projects in progress 320 69 250 Completion 2019/2020 75 48 27 Completion 2020/2021 176 20 155 Completion 2021/2022 46 1 45 Completi
Slide 38: Portfolio growth: development projects (3)
Portfolio growth Development projects as of 31 December 2019 (3) Country Developm ent projects (in € m illion) Belgium 39 Germany 326 The Netherlands 103 United Kingdom 12 Total 480 Rent Developm ent projects 1 Rent Yield2 (in € m illion) (in € m illion) Triple net 153 9 5.7% Double net 326 17 5.2%
Slide 39: Development projects pipeline: €480 million
Development projects Pipeline: €480 million (As of 31 December 2019) > Projects: €478 million Geographical split Expected delivery date UK 2023/2024 €12m Belgium €35m 2% €37m 7% 2019/2020 Netherlands 8% 2021/2022 €101m €103m €96m 21% 22% 20% Germany €326m 2020/2021 68% €247m 52% > IP, land reserves
Slide 40: Portfolio growth: development projects
Portfolio growth Development projects Specht (AR1) – Specht (AR1) – 01 Schwerin (DE) 02 Kaltenkirchen (DE) Construction start: Construction start: 28/02/2018 31/05/2018 Completed on: Completed on: 15/08/2019 16/01/2020 Specht (AR1) – 03 Lübbecke (DE) Seniorenzentrum Construction start: Weimar (DE) 2
Slide 41: Financials
Financials The Hawthorns Southampton - United Kingdom -41-
Slide 42: Rental income
Rental income (As of 31 December 2019) 80,000 +19 M 71,9 M 70,000 60,000 +3,9 M 50,7 M -5,3 M +3,5 M 50,000 x €1,000 40,000 Rental % incom e 30,000 (K€) BE 28,454 39.5% 20,000 DE 13,549 18.8% NL 10,910 15.2% 10,000 UK 19,057 26.5% Total 71,970 0 Rental income H1 Belgium Germany Netherlands United Ki
Slide 43: EPRA Earnings
EPRA Earnings (As of 31 December 2019) 60,000 +21,2M 50,000 +0,8M +0,3M 46,6M -3,2M -1,8M -2,4M 40,000 x €1,000 31,7M 30,000 20,000 10,000 0 EPRA Rental Operating Financial Tax JV Non- EPRA Earnings H1 income costs result controlling Earnings H1 2018/2019 interests 2019/2020 -43-
Slide 44: Income Statement
Income Statement Market driven Income Statement - analytical scheme 31 December 2019 31 December 2018 Var. (x €1,000) Rental income 71,970 50,798 +42% Rental-related charges -591 8 Net rental income 71,378 50,806 +40% Operating charges -11,311 -8,671 Operating result before result on portfolio 60,06
Slide 45: Income Statement
Income Statement Market driven Income Statement - analytical scheme 31 December 2019 31 December 2018 (x €1,000) EPRA Earnings 46,550 31,739 Changes in fair value of financial assets and liabilities 3,418 -187 Changes in fair value of investment properties 19,980 13,095 Gains and losses on disposals
Slide 46: Consolidated balance sheet (€ m)
Consolidated balance sheet (€ m) Balance sheet total: €2.73 billion (As of 31 December 2019) Assets Equity & Liabilities Investm classifie (incl. as Other a in debt 1,472 Other a 1,430 Equity 2,636 2,321 Liabiliti in the 1,195 888 Other l 65 92 68 62 1 June 2019 Dec. 2019 June 2019 Dec. 2019 -46-
Slide 47: Debt-to-assets ratio
Debt-to-assets ratio 54% 56% 43% 44% 44% 40% 41% 37% 37% June 2015 June 2016 Dec 2016 March 2017 June 2017 June 2018 March 2019 June 2019 Dec. 2019 Before After Before After SPO 2017 SPO 2017 SPO 2019 SPO 2019 > Investment capacity: approx. €1.1 billion* > Following the acquisition of Hoivatilat, Ae
Slide 48: Debt-to-assets ratio
Debt-to-assets ratio 70% 3,500 €67m €153m €219m €418m 60% rights issue rights issue rights issue rights issue 3,000 €100m rights issue 50% 2,500 40% 2,000 30% 1,500 20% 1,000 10% 500 0% 0 Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Debt-to-assets ratio (%) Fair value
Slide 49: Credit facilities
Credit facilities (As of 31 December 2019) > Debt maturity profile > Total financial debt: €1.165 m 600 1% 500 18% 400 19% 300 200 15% 100 - 39% 8% Treasury notes GBP bridge loan Term loans Revolving loans Investment credits Drawn credit lines Undrawn credit lines GBP bridge loan Commercial paper Me
Slide 50: Net asset value
Net asset value Net asset value per share (in €) 31 Dec. 2019 30 June 2019 Var. Based on fair value of investment properties Net asset value 59.64 55.90 7% Effect of the changes in fair value of hedging instruments 1.79 2.05 Net asset value excl. changes in fair value of hedging 61.43 57.96 6% instr
Slide 51: Value potentially not reflected in the NAV
Value potentially not reflected in the NAV > Belgian REIT → highly regulated framework > Pure play healthcare REIT in Europe > Assessment: long term cash flows at interesting yields > Inflation-linked contracts > Pipeline: − Committed − Pre-let > Track record of successful investments > Track record
Slide 52: Dividend Policy
Dividend Policy > DPS 2018/2019: €2.80 / share (gross) − 12% higher than PY and in line with guidance − No dilution − Statutory pay-out ratio: 85% > DPS 2019/2020: €3.00 / share (gross) − 7% higher than PY > Withholding tax: − General rule: 30 % − Reduced to 15 % for healthcare REITs -52-
Slide 53: Shares & shareholders
Shares & shareholders Martha Flora Bosch en Duin Bosch en Duin - Netherlands -53-
Slide 54: Dividend track record
Dividend track record € / share 3,00 3,00 2,90 2,80 2,80 2,70 2,60 2,50 2,50 2,40 2,25 2,30 2,20 2,10 2,10 2,00 2,00 1,90 1,86 1,86 1,90 1,80 1,82 1,82 1,80 1,71 1,70 1,60 1,48 1,50 1,40 1,30 1,20 Theoretic dilutions of DPS after rights issues of 1,10 October 2010, December 2012, June 2015, March 20
Slide 55: Share price since IPO
Share price since IPO Spot Var. (%) (As of 17 February 2020) 375 Aedifica 134,40 269,5 350 BEL MID 6.395,25 73,3 325 300 EPRA Belgium 2.076,00 46,6 275 EPRA Europe 2.634,16 -1,3 250 225 200 175 150 125 100 75 50 25 BEL.MID EPRA Europe EPRA.Belgium Aedifica EPBL Euro Index Aedifica: based on the IPO
Slide 56: Total return since IPO
Total return since IPO 600 Return Var. (%) 575 (As of 17 February 2020) Aedifica 232 537 550 525 500 EPRA Belgium 6.911 220 475 450 EPRA Europe 5.713 67 425 400 375 350 325 300 275 250 225 200 175 150 125 100 75 50 25 Epra Europe total return Aedifica total return Epra Belgium total return Aedifica:
Slide 57: Shareholding
Shareholding1 (As of 31 December 2019) > Aedifica shareholders holding more than 5 % of the Company’s capital: SHAREHOLDERS Share in capital (in %) BlackRock, Inc. 5.00 Others < 5 % 95.00 Total 100.00 > Aedifica’s free float amounts to 100%2. 1 A total of 24,601,158 shares are listed on Euronext Bru
Slide 58: Awards
Awards EPRA EPRA Reporting: Best Practices Recommendations (BPR) > Annual Report 2013/2014 > Annual Report 2014/2015 > Annual Report 2015/2016 > Annual Report 2016/2017 > Annual Report 2017/2018 > Sustainability Report 2018 -58-
Slide 59: Awards
Awards Euronext BEL Mid Company of the Year 2019 > In January 2020, Aedifica won this award after the Group recorded the highest relative increase in market capitalisation for yhe year 2019 -59-
Slide 60: Corporate governance
Corporate governance > Transparency > Board of Directors − NV/SA − 9 Directors ̶ 8 non-executive Directors of which − Management in the box 6 independent − 100% free float ̶ 1 executive Director ̶ Gender diversity ratio: 44 % − No poison pills − Audit Committee − Nomination & Remuneration Committee
Slide 61: Management team
Management team > Management committee Name Function Stefaan Gielens Chief Executive Officer (CEO) Ingrid Daerden Chief Financial Officer (CFO) Laurence Gacoin Chief Operating Officer (COO) Charles-Antoine van Aelst Chief Investment Officer (CIO) Sven Bogaerts Chief M&A Officer (CM&AO) > Aedifica co
Slide 62: Outlook
Outlook SARA Seniorenresidenz Bitterfeld-Wolfen - Germany -62-
Slide 63: Outlook FY 2019/2020
Outlook FY 2019/2020 > After May 2019 capital increase and divestment of non- core segments: focus on investments > New investments in healthcare real estate: ̶ New cash flow generating investments H1 2019/2020 + Q3 2019/2020 until today (excl. Hoivatilat) ~ €300 million vs. est. B 2020: €215 millio
Slide 64: Outlook FY 2019/2020 update
Outlook FY 2019/2020 update > Budgeted rental income: €163 million > Budgeted EPRA Earnings: €97 million > Budgeted EPRA EPS: €3.95/share 1 > Budgeted DPS: € 3.00/share (gross), 7% higher than PY 1 Outstanding shares: 24,601,158. -64-
Slide 65: Outlook beyond FY 2019/2020
Outlook beyond FY 2019/2020 > Objective for future growth: EPS growth through − Enhancing long-term cash flows in healthcare real estate − Exploring new healthcare real estate segments − Exploring new countries > Continuing the track record € / share 4,2 4,0 3,95 3,8 3,74 3,6 3,4 3,15 3,25 3,2 3,0 3
Slide 66: Aedifica & Hoivatilat joining forces in the Nordics
Aedifica & Hoivatilat joining forces in the Nordics SARA Seniorenresidenz Bitterfeld-Wolfen - Germany -66-
Slide 67: Recommended tender offer
Recommended tender offer Summary > Successful tender offer completed on 10 January 2020 > Approx. 98% of the shares controlled by Aedifica > Squeeze out and delisting from Nasdaq Helsinki procedures started on 15 January 2020 > The offer − Price offered of €16,00 per share − For all 25.502.602 issue
Slide 68: Completed portfolio
Completed portfolio Map1 148 34 Properties Tenants Finland 85% Segment focus Contractual rent from most Children’s day-care, elderly care populated Finnish areas and specialist care €25,5 million 13 years2 Contractual rent WAULT of completed portfolio 1 Per 30/09/2019 -68- 2 Aligned with Aedifica’s
Slide 69: Development
Development Committed pipeline: map and features1 Approx. €147 million At cost 40 Projects Finland Sweden €10,1 million 6 projects 34 projects Contractual rent Sweden Entrance in 2019: 6 projects signed 7,0% Gross yield on cost -69- 1 Per 30/09/2019
Slide 70: Joining forces in the Nordics
Joining forces in the Nordics > Entering the Nordic healthcare real estate markets − One of the fastest ageing populations in Europe − Nordic welfare states > Sizeable high quality healthcare real estate portfolio − Average age of completed buildings of 2,5 years − 100% occupancy − Diversified tenan
Slide 71: Joining forces in the Nordics
Joining forces in the Nordics Aedifica and Hoivatilat joining forces in the Nordics > Unlocking potential for further value creation and growth > Attractive returns vs compressing yields in today’s European healthcare real estate market > Solid underlying risk-profile of the Nordic welfare states -7
Slide 72: Going forward: enhanced geographical diversification
Going forward Enhanced geographical diversification1 Aedifica per 31/12/2019 Est. February 20202 Finland Netherlands 13% 16% Belgium 35% Belgium Netherlands 41% 13% Germany 21% Germany 18% UK UK 22% 21% 1 Measured by fair value of investment properties 2 Includes acquisitions realized by Aedifica si
Slide 73: Going forward: enhanced tenant diversification
Going forward Enhanced tenant diversification1 Aedifica per 31/12/2019 Est. February 20202 3 3 10% 14% 9% 12% 45% 6% 5% 57% 8% 4% 5% 8% 4% 3% 5% 5% Senior Living Group Armonea Orpea Senior Living Group Armonea Vulpia Vulpia Burlington Maria Mallaband Orpea Maria Mallaband Burlington Care UK Other <
Slide 74: Going forward: segment breakdown
Going forward Segment breakdown1 Aedifica per 31/12/2019 Est. February 20202 Specialist Specialist Other 1% Senior 3% 0% Housing Senior 6% Housing 7% Day care 3 7% Mixed use Elderly care Elderly care 17% 75% 69% 3 Mixed use 15% 1 Based on fair value of completed investment properties 2 Includes acqu
Slide 75: Going forward: combined pipelines
Going forward Enhanced growth potential: combined pipelines1 Aedifica per 31/12/2019 Hoivatilat per 30/09/2019 Combination Sweden Belgium 3% 6% UK 3% Belgium Sweden 8% 13% Finland The 20% Netherlands 21% Germany 68% + = UK 2% Germany 52% Finland The 87% Netherlands 16% €480 million €147 million €627
Slide 76: Conclusion
Conclusion Huize Eresloo Eersel – The Netherlands -76-
Slide 77: Investment highlights
Investment highlights Attractiveness for shareholders: > Pure-play healthcare REIT in Europe > Strong underlying demographic trends > Long-term growth potential > Fair value history of portfolio showing resilience > Weighted average lease term: 21 years > Solid investment, equity and debt-financing
Slide 78: Stefaan Gielens and Ingrid Daerden
Stefaan Gielens – Chief Executive Officer Ingrid Daerden – Chief Financial Officer -78-
Slide 79: Aedifica NV/SA
Aedifica NV/SA Public REIT under Belgian Law Regulated Real Estate Company (RREC) Société immobilière réglementée (SIR) Gereglementeerde vastgoedvennootschap (GVV) Rue Belliard 40 / Belliardstraat 40 (box 11) 1040 Brussels Tel: +32 (0)2 626 07 70 - Fax: +32 (0)2 626 07 71 info@aedifica.eu www.aedifi
Slide 80: Forward looking statement
Forward looking statement This Presentation includes forward-looking statements that reflect the Company's intentions, beliefs or current expectations concerning, among other things, the Company’s results, condition, performance, prospects, growth, strategies and the industry in which the Company op
Slide 81: Appendix
Appendix Hof van Schoten Schoten - Belgium -81-
Slide 82: Belgian REIT
Belgian REIT > ‘sicafi / vastgoedbevak’ until 17 October 2014 > RREC (SIR / GVV) since 17 October 2014 > Investment property: maximum 20 % in one (group of) asset(s) > Appraisal: − At fair value on a quarterly basis by a valuation expert − No depreciation of properties > Dividend: at least 80 % of c
Slide 83: Innovative healthcare real estate
Innovative healthcare real estate Martha Flora Rotterdam The Martha Flora Rotterdam care residence in Rotterdam (NL) combines a sustainable building design with innovative technologies, while focusing on the wellbeing of the residents and their families. -83-
Slide 84: Innovative healthcare real estate
Innovative healthcare real estate Martha Flora Rotterdam > Specifically designed to offer safe & secure small-scale housing & care to persons with dementia > Focus on wellbeing & comfort > Meander: central space − Library − Living room − Kitchen − Workshop − Garden/roof terrace > 29 care units -84-
Slide 85: Innovative healthcare real estate
Innovative healthcare real estate Martha Flora Rotterdam > 100% green energy provided by 296 solar panels − providing sufficient energy for the termal and hot water installation > Heat and cold storage installation − using 2 heat pumps and 125m deep sources to extract soil energy for heating and coo
Slide 86: Notes
fre ; Notes aecifica |' housing with care -86-