Slide 1: CTP N.V. Financial Highlights FY-2025
Save the date: Capital Markets Day CTP N.V. September 22–23 Warsaw, Poland Financial Highlights FY-2025 26 February 2026
Slide 2: FY-2025: Strong financial results supported by demand tailwinds
FY-2025: Strong financial results supported by demand tailwinds Financial highlights Operational highlights €760m €1.1b 93% (93% as at 31 Dec 2024) 6.1 yrs (+14.4% vs. 2024) (+21.1% vs. 2024) (6.4 years as at 31 Dec 2024) Gross Rental income Net valuation result Occupancy WAULT €405m €0.85 (+6.3% vs
Slide 3: CTP: Pan-European platform, CEE market leader, global ambition
CTP: Pan-European platform, CEE market leader, global ambition Core Markets Growth Markets 14.6M sqm GLA 2.0M Western European Markets BRNO Portfolio Value by Country (%) sqm GLA under construction NL AU IT 2.7% 1.3% 0.7% GE 33.8M 10.7% BU 1.9% RS 3.8% sqm landbank PL €18.5bn CZ 154MWp 7.6% 40.7% GA
Slide 4: Accelerated growth since IPO in March 2021
Accelerated growth since IPO in March 2021 IPO 03/2021 +134% +147% +104% +168% +200% +214% SQM of GLA (in millions) 16.0 14.6 14.0 13.3 11.8 12.0 Growth Growth inin GLA GLA Growth Growth in in Landbank Landbank growth growth in in Investment Investment 10.5 from from 5.9 5.9 million million sqm sqm
Slide 5: Proven build-to-own business delivers growth opportunities from embedded client base
Proven build-to-own business delivers growth opportunities from embedded client base Operator Developer Growth engine Leveraging €1 billion 33.8 million sqm >1,500 clients annualised rental income of land with potential development profit to come of CTP Growth Engine driving by 2027 > €7 billion exp
Slide 6: Integrated & derisked business model: Double-digit NTA growth p.a
Integrated & derisked business model: Double-digit NTA growth p.a 14.6M sqm GLA in existing parks / >1,500 clients 10-15% ~81% new space client developed per year retention 2.0M sqm 71% of new leases signed under construction with existing clients 33.8M sqm landbank 55% 39% in existing parks in new
Slide 7: Strong and consistent development track record
Strong and consistent development track record Expected YoC Pre-let at delivery Projects under construction 13.5% 94% 11.6% 92% 11.0% 80%-90% 88% 10.8% 86% 10.3% 10.3% target 81% 10.1% 10.0% 80% 80% range 42% 38% 35% 32% 30% 2019 2020 2021 2022 2023 2024 2025 2026 2019 2020 2021 2022 2023 2024 2025
Slide 8: Unlocking the landbank value through profitable development
Unlocking the landbank value through profitable development FV of landbank on balance sheet of ~€60 per sqm Average construction costs ~€500 per sqm Total investment costs (€500 + 2 * €60) ~€620 per sqm Investment properties valued at ~€1,050 per sqm Potential revaluation gains ~€430 per sqm (72%) B
Slide 9: Strong leasing demand in 2025 with increasing monthly rent
Strong leasing demand in 2025 with increasing monthly rent Leases signed by sqm Q1 Q2 Q3 Q4 FY 2023 297,000 552,000 585,000 542,000 1,976,000 +10% 2025 YoY increase 2024 336,000 582,000 577,000 618,000 2,113,000 in sqm of leases signed 2025 416,000 599,000 562,000 748,0001 2,325,000 Average monthly
Slide 10: Rent levels of new leases signed in 2025 were 4% higher than 2024
Rent levels of new leases signed in 2025 were 4% higher than 2024 (Adj. for country mix) PL €5.53 €4.99 NL €10.10 €10.72 SK 2024 2025 309,000 182,000 €5.90 sqm sqm €5.56 2024 2025 21,000 35,000 sqm sqm DE CZ1 2024 2025 HU RO 146,000 82,000 €6.98 €6.97 sqm sqm €5.75 €6.54 €5.89 €4.45 €4.46 €5.37 Grou
Slide 11: Continued strong Heads of Terms activity reflects solid future demand
Continued strong Heads of Terms activity reflects solid future demand Heads of Terms signed 350 300 250 200 150 100 50 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec #HoTs '23 #HoTs '24 #HoTs '25 NB: Figures may not add up due to rounding 11
Slide 12: Supply chain professionalization and domestic consumption growth drive expansion
Supply chain professionalization and domestic consumption growth drive expansion in CTP’s portfolio Portfolio December 2025 Leases signed in the last 24 months GLA split by industry (%) GLA split by industry (%) 1 Professionalization of supply chains, following CEE countries joining Other Other Sche
Slide 13: Over 13% of portfolio leased to Asian clients producing in Europe for Europe
Over 13% of portfolio leased to Asian clients producing in Europe for Europe – and 20% of new leasing in last 24 months GLA sqm of Asian tenants 1900 000 1700 000 1500 000 1300 000 20% of leases 1100 000 signed in last 24 months 900 000 700 000 500 000 300 000 2018 2019 2020 2021 2022 2023 2024 2025
Slide 14: Structural trends revealed through leasing activity across markets
Structural trends revealed through leasing activity across markets Nearshoring Rising disposable E-commerce growth High-tech industry incomes Manufacturing in Europe for Europe Supply chain professionalisation E-retailers require innovative High-tech companies deepen in the business-smart CEE region
Slide 15: Strong and diversified international client base
Strong and diversified international client base Low operational and financial risk 36.0% 33.1% Top 50 Clients Top 50 as a % of Top 50 as a % of GLA split by industry (%) portfolio GLA Rental Income NB: Figures may not add up due to rounding 15
Slide 16: Organic growth driven by CTP’s long-lasting tenant relations
Organic growth driven by CTP’s long-lasting tenant relations Occupancy1 (%) 95% 94% 94% 94% 81% 71% 93% 93% Tenant retention New leases signed with existing clients FY-2020 FY-2021 FY-2022 FY-2023 FY-2024 FY-2025 CTP’s market share in core markets2 4.5% 73% (%) 28.8% 28.4% 27.8% 27.5% 27.4% Like-for
Slide 17: Deliveries in 2025 at 10.4% YoC (target > 10%) 88% leased
Deliveries in 2025 at 10.4% YoC (target > 10%) 88% leased 1,325,000 88% Leased at delivery sqm delivered €90.5m 10.4% CTPark Jülich, DE Contracted rental income YoC 95% In existing parks or in new parks with >100k sqm potential CTPark Budapest Érd, HU NB: Figures may not add up due to rounding 17
Slide 18: Next growth phase locked in by projects under development
Next growth phase locked in by projects under development 1,968,000 10.0% 80-90% sqm under construction Expected YoC Expected pre-let at delivery 77% 10% 30%* €152m In existing parks In new parks with Pre-let 2026 deliveries Potential rental income >100k sqm potential (35% - 2024) *Pre-let in New lo
Slide 19: Landbank offers opportunity to more than double portfolio to over 30 million sqm
Landbank offers opportunity to more than double portfolio to over 30 million square meters 2:1 build-up ratio allows to double GLA GLA potential from owned Additional runway secured via landbank land options from current landbank Constant global screening for new 35.0 31.5 acquisition opportunities
Slide 20: Long history of development led growth
Long history of development led growth Standing portfolio & under construction Deliveries rising 18 million sqm - owned 2 million sqm 1.4-1.7 16 2 2.0 1.8 1 14 2.0 1 12 1.7 1 10 1 14.6 13.3 1.3 1.3 1 1.2 8 1.0 11.8 1.0 10.5 0 0.9 6 0.7 0.6 7.6 0 5.9 4 0 2020 2021 2022 2023 2024 2025 2020 2021 2022 2
Slide 21: Financial results
Financial results 21
Slide 22: Financial highlights
Financial highlights In € million FY-2025 FY-2024 % change Q4-2025 Q4-2024 % change Gross Rental Income 759.8 664.1 +14.4% 197.8 175.7 +12.6% Net Rental Income 738.0 646.8 +14.1% 189.1 170.9 +10.6% Net valuation result on investment 1,139.9 941.5 +21.1% 338.3 337.4 +0.3% property Profit for the peri
Slide 23: Gross Asset Value up 15.7% y-o-y
Gross Asset Value up 15.7% y-o-y Investment Property (IP), Investment Property under Development (IPuD) and Property, Plant & Equipment (PPE) (€ million) GAV: 5,872 8,460 11,486 13,633 15,980 18,483 280 2020 - 2025 1 474 CAGR: 25.8% 248 1 368 1 292 234 1 077 920 169 1 360 763 1 193 111 527 774 99 32
Slide 24: Rental growth, yield compression and developments drive valuation results
Rental growth, yield compression and developments drive valuation results Revaluation (YTD) (€ million) 1200 +69.8 +1 139.9 +421.6 2025 like-for-like revaluation of 1000 +6.9% driven by like-for-like ERV growth of +3.8% and 11bps yield compression 800 +648.6 600 400 200 0 Standing assets including I
Slide 25: Attractive double-digit total return
Attractive double-digit total return € per share EPRA NTA growth 25 DPS paid €20.39 20 -€0.61 €2.92 €2.73 -€0.57 15 €2.59 -€0.48 Total Return: +16% €2.15 -€0.40 Total Return: +17% €8.32 -€0.17 €3.91 Total Return: +19% 10 Total Return: +18% 5 Total Return: +47% 0 31 December NTA growth Dividend NTA g
Slide 26: Conservative valuation yields
Conservative valuation yields FY-2025 FY-2024 FY-2023 FY-2022 → Reversionary yield1 compressed by 20bps in 2025, while Gross Portfolio yield 6.5% 6.6% 6.7% 6.5% the ERV on a like-for-like basis grew by 3.8%, resulting in total like-for-like valuation growth of 6.9%. FY-2025 FY-2024 FY-2023 FY-2022 →
Slide 27: Favourable maturity profile reflects active liquidity management
Favourable maturity profile reflects active liquidity management 3.3% Conservative residual Bonds maturity of debt Unsecured loans (JPY) (€ million) Unsecured loans (EUR) Secured loans Average cost of debt 2 158 1 810 1 338 1 199 99.9% Hedged / fixed 696 583 478 513 4.8 yrs 397 35 Average debt matur
Slide 28: Strong liquidity position and ample headroom to covenants
Strong liquidity position and ample headroom to covenants €2.0b 9.3x Normalized Net Debt 31 December 2025 Covenant Liquidity to EBITDA Secured Debt Test 13.7% 40% 70% 46.1% Unencumbered Asset Test 187.3% 125% Unsecured debt LTV Interest Cover Ratio 2.5x 1.5x CREDIT RATINGS BBB Baa3 A- LTV target bet
Slide 29: Proven good access to credit markets with €2.4 billion raised in 2025
Proven good access to credit markets with €2.4 billion raised in 2025 Green Bond Samurai Loan Facility March 2025 March 2025 → €1 billion dual-tranche → JPY 30 billion (€185 million equivalent) → 6-year at MS +145 bps with Coupon 3.625% → 5-year at TONAR +130bps → 10-year at MS +188 bps with Coupon
Slide 30: Guidance
Guidance Guidance 2026 Progressive dividend Dividend policy1 Dividend per share €0.320 €0.310 70% - 80% €0.300 €1.01-€1.03 €0.290 €0.275 €0.250 €0.230 2026 Company specific €0.220 pay-out of Company specific adjusted EPRA EPS adjusted EPRA EPS €0.180 +9-11% vs. 2025 €0.170 (incl. capitalization of d
Slide 31: Impact of interest cost capitalisation on EPS
Impact of interest cost capitalisation on EPS1 2025 Guidance 2026 EPS €0.85 +9-11% €0.92 - €0.94 EPS Interest capitalisation impact €0.08 €0.09 Expected interest capitalisation impact Pro-forma EPS €0.93 +9-11% €1.01 - €1.03 Pro-forma EPS → Commencing capitalisation of interest costs (at average cos
Slide 32: Long-term potential
Long-term potential Annualized rent in million EUR Medium to long-term Short-term >1,000 104 43 17 153 23 840 Annualized rent Completion of Filling up vacancy Indexation Reversion 2026- Future deliveries Annualized rent Reversion ≥2028 Full development 31/12/2025 existing pipeline to 95% 2026-2027 2
Slide 33: 30 million square metres ambition
30 million square metres ambition 2020 2025 5.9 million sqm GLA 14.6 million sqm GLA 30 million sqm GLA Including new market entries 33
Slide 34: Investment case outlook
Investment case outlook → Leasing dynamics remains solid, with robust occupier demand, and decreasing new supply supporting ongoing rental growth → The Group’s pipeline is highly profitable with a YoC target of >10% and delivers tenant led growth. The YoC for CTP’s current pipeline remains at indust
Slide 35: Save the Date: 2026 Capital Markets Day
Save the Date: 2026 Capital Markets Day Warsaw, Poland 22-23 September 35
Slide 36: Appendices
Appendices 36
Slide 37: Share price outperformance since IPO
Share price outperformance since IPO 160 140 120 100 80 60 40 20 0 IPO 03 2021 YE 2021 YE 2022 YE 2023 YE 2024 YE 2025 FTSE EPRA/NAREIT Developed Europe CTP 37
Slide 38: Top 20 Parks
Top 20 Parks Since: 2015 Since: 2006 Since: 2004 Since: 2015 Since: 2006 The Top 20 parks represent the core of the CTPark Network. They are thriving business communities, with a dynamic mix of clients from a broad range of RO CZ CZ RO CZ industries. Bucharest West Bor Ostrava Brno Bucharest GLA: 92
Slide 39: Top 20 Parks
Top 20 Parks Since: 2024 Since: 2007 Since: 2002 Since: 2021 Since: 2024 The Top 20 parks represent the core of the CTPark Network. They are thriving business communities, with a dynamic PL CZ SK PL mix of clients from a broad range of CZ industries. Warsaw West Žatec Hranice Námestovo Warsaw South
Slide 40: Energy
Energy 154 → YoC target: 15% MWp Installed 138 → Cost per MWp: ~€750k – below market average thanks to CTP 100 acquiring in bulk and PV ready roof structures since 2020 → Income: 1-year lag between installation and income, i.e. MWp installed in 2024 drive 2025 income 38 → 2025 revenues: €14.6 millio
Slide 41: EPRA EPS
EPRA EPS EPRA Earnings (€ million) FY-2025 FY-2024 Earnings per IFRS income statement 1,081.8 1,081.4 Adjustments to calculate EPRA Earnings, exclude: Changes in value of investment properties, development properties held for investment and other interests 1,139.9 941.5 Profits or losses on disposal
Slide 42: Company Specific Adjusted EPRA Earnings P&L
Company Specific Adjusted EPRA Earnings P&L EPRA Earnings Company specific (€ million) IFRS Adjustments adjusted EPRA Earnings Rental Income 759.8 3.4 763.2 Service charge income 92.3 0.6 93.0 Property operating expenses -114.2 - -114.2 Net rental income 738.0 4.0 742.0 Net income / expenses from re
Slide 43: EPRA NAV
EPRA NAV EPRA Net Asset Value Metrics (€ million) EPRA NTA EPRA NRV EPRA NDV 31 December 2025 31 December 2024 31 December 2025 31 December 2024 31 December 2025 31 December 2024 IFRS Equity attributable to shareholders 8,462.2 7,351.2 8,462.2 7,351.2 8,462.2 7,351.2 Include / Exclude: i) Hybrid ins
Slide 44: EPRA NIY
EPRA NIY EPRA NIY and 'topped-up' NIY (€ million) 31 December 2025 31 December 2024 Investment property – wholly owned 18,203.1 15,732.1 Investment property – share of JVs/Funds Trading property (including share of JVs) Less: developments 1,368.1 1,076.8 Less: landbank 1,473.6 1,292.4 Completed prop
Slide 45: LTV
LTV LTV (€ million) 31 December 2025 31 December 2024 Investment Property 16,835.1 14,655.3 Investment Property under Development 1,368.1 1,076.8 Property, Plant and Equipment 279.8 248.4 Gross Asset Value 18,483.0 15,980.5 Bonds 5,142.6 4,043.1 Interest-bearing loans and borrowings from financial i
Slide 46: Cost of debt
Cost of debt Cost of Debt (€ million) 31 December 2025 31 December 2024 Net finance costs (IFRS) -323.2 -181.1 To be excluded: Profit in loss from fin assets and liabilities for trading -1.0 -1.9 Exchange rate differences -22.4 5.9 Other financial income 0.1 37.2 Other financial expense -33.3 -17.3
Slide 47: Portfolio
Portfolio GAV1 Standing2 Landbank2 IPuD PPE Portfolio split by value (in %) (€18,483m) (€15,361m) (€1,474m) (€1,368m) (€280m) Czech Republic 41% 42% 28% 31% 63% Romania 15% 16% 10% 6% 8% Germany 11% 10% 18% 13% 6% Hungary 8% 9% 8% 3% 5% Poland 8% 6% 12% 20% 2% Slovakia 8% 7% 11% 11% 2% Serbia 4% 4%
Slide 48: Portfolio
Portfolio Standing IPuD Landbank Portfolio split by sqm (‘000) (14,568 sqm) (1,968 sqm) (33,811 sqm) Czech Republic 4,798 33% 473 24% 7,695 23% Romania 3,182 22% 257 13% 3,974 12% Germany 1,755 12% 161 8% 1,530 5% Hungary 1,376 9% 110 6% 2,565 8% Slovakia 1,076 7% 94 5% 2,632 8% Poland 1,016 7% 386
Slide 49: Financial calendar
Financial calendar Event: Date: Q1-2026 results 30 April 2026 Annual General Meeting 20 May 2026 H1-2026 results 30 July 2026 Capital Market Days in Warsaw, Poland 22-23 September 2026 Q3-2026 results 29 October 2026 49
Slide 50: Disclaimer
Disclaimer This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and business of CTP. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “pla
Slide 51: Rob Jones, Head of Investor Relations and PR
Rob Jones, Head of Investor Relations and PR Mobile: +420 605 482 873 Email: rob.jones@ctp.eu 51