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Slide 2: Agenda
Agenda • • • • • • • • • 2
Slide 3: VGP Park München
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Slide 4: The Land plot
Slide 5: The Land plot
Slide 6: VGP Park München development timeline
2026 June 2020 March –June 2022 Planned works on Move of BMW into Building D VGP Park München Set up of development Finalization of Joint venture with the construction Allianz for the further works development of the 2018 park The land exchange for final location VGP Park München Finalization of the
Slide 7: Location and distances
500m 30 min 600 m 5 1.200 p/km? 20 min
Slide 8: Feldkirchen location
• • Feldkirchen • • 94 Munich City Centre Messe Munich 8
Slide 9: Fully leased to two iconic Bavarian production companies
Fully Leased to two iconic Bavarian production companies VGP Krauss Maffei * Founded in 1838 * GLA: 249.000 m2 * The new headquarters, a production facility, and a test plant: 3 production halls, a main administration building, 6 office and social.spaces, a training centre,a multisstore EV-equipped
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Slide 13: Market and operational update
Slide 14: Continued strong operating performance
• Continued strong operating performance • € 24.3 million¹ signed and renewed lease agreements (versus € 20.7 million for 4M ‘22), bringing total annualized rental income to € 320.7 million¹ • 23 projects under construction representing 664.000 m2 under construction and € 44.4 million in additional
Slide 15: Committed annualised rental income
COMMITTED ANNUALISED RENTAL INCOME AND NUMBER OF TENANCY CONTRACTS Increase in rental income Rolling rental income Number of contracts € 350 500 450 ▪ In total 499 tenant contracts € 300 400 ▪ Committed annualised leases of € 320.7 million1 Committed annualised rental income € 250 350 Number of tena
Slide 16: Weighted average lease term and tenant breakdown
• Weighted average lease term of 8.1 years1 • Top 10 tenants represents 33% of committed leases Other 5% E-commerce Light industrial Logistics 22% Logistics 42% E-commerce Other Light industrial 31% 16
Slide 17: Committed rental growth resulting in substantial growth of net activated rental income
Committed rental growth resulting in substantial growth of net VGP activated rental income in upcoming year €320.7 million € 266.0 million €181.5 million €99.3:million €101.4 million ‘Own Portfolio ‘Own Portfolio: €164.6 million €37.1 million- Own Portfolio. €166.7 million €127.5 million Joint Ventu
Slide 18: Total net rental and renewable energy income at share
Total net rental and renewable energy income at share (’000 €) ▪ ▪ 107.134 70.718 55.256 43.417 46.666 33.490 23.934 2016 2017 2018 2019 2020 2021 2022 F2023 18
Slide 19: Owned and committed land bank
10,081 2,094 7,956 7,987 (269) 300 Land owned Deployed Acquired Committed Dec 2022 4M 2023 4M 2023 Owned and committed land bank ▪ ▪ VGP site Rouen, brownfield 19
Slide 20: Photovoltaic roll-out (MWp)
▪ ▪ ▪ ▪ VGP Park Magdeburg - Sülzetal ▪ 4.8 MWp PV capacity installed in December 2022 Photovoltaic roll-out (MWp) ▪ 21.1 MWp in under construction & in the pipeline VGP Park Nijmegen ▪ 17.61 MWp PV plant ▪ 4.8 MWp in use since 2021 ▪ Final part connected in 2023 20
Slide 21: Renewable energy production (KWh)
▪ ▪ VGP Park Valsamoggia ▪ 1.3 MWp PV plant operational and under construction ▪ Works envisaged to finish summer 2023 Renewable energy production (KWh) 300000000 250000000 200000000 Electricity consumption of all tenants FY2021 150000000 100000000 50000000 0 2021A 2022F Annualized production of ass
Slide 22: Summary and Outlook
ary and Outlook
Slide 23: Outlook
Outlook ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ VGP Park Bilbao 23
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Slide 26: Excellent locations spread across Continental Europe
Excellent locations spread across Continental Europe DIVERSIFIED INVESTMENT PORTFOLIO (BREAKDOWN BY COUNTRY1) Hungary Austria €207mm – 3% €143mm – 2% Italy Romania €127mm – 2% €207mm – 3% Other Slovakia €204mm – 3% €251mm – 4% Netherlands €450mm – 7% Germany Spain €3,488mm €553mm – 9% 54% Czech Repu
Slide 27: Disclaimer
Disclaimer ABOUT VGP ABOUT VGP VGP is a pan-European owner, manager and developer of high-quality logistics and semi-industrial real estate. VGP operates a fully integrated business model with capabilities and longstanding expertise across the value chain. Founded in 1998 as a Belgian family-owned r