Ctp N.v. · EURONEXT:CTPNV

Ctp — Q3 2021 Earnings Presentation

33 slides from Ctp's earnings presentation, Nov 17, 2021

1. Slide 1: CTP N.V. Q3 Earnings

   CTP N.V. Q3 Earnings Growth Momentum Gathering Speed Results presentation 17th November, 2021

2. Slide 2: The EU's Largest Listed Developer & Owner of Logistics Real Estate By GLA

   The EU’S Largest Listed Developer & Owner of Logistics Real Estate By GLA STRATEGIC & BOLD CUSTOMER DRIVEN WELL MANAGED & THE BEST IS SUSTAINABLE YET TO COME  Assembled 7.1 m m2 GLA  YTD 336,000 m2 new of logistics prime assets GLA delivered  Annualised rental  16.3 m m2 landbank  Over 50% GLA

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4. Slide 4: Robust Performance in Q3 2021

   Robust Performance in Q3 2021 YTD to YTD to 3 months 3 months % % 30 Sept 30 Sept to 30 Sept to 30 Sept Increase Increase 2021 2020 2021 2020 Net rental income € 239.9 m € 203.9 m 18% € 79.6 m € 66.8 m 19% Net valuation result on investment € 265.2 m € 88.5 m 200% € 119.6 m € 46.7 m 156% property (1

5. Slide 5: Investment Portfolio and Development Activity Drives Momentum

   Investment Portfolio and Development Activity Drives Momentum  Total portfolio up by 470,000 m² to 7.1 m m² in Q3 Q3 2021 - KEY PORTFOLIO METRICS  Development pipeline to be completed in Q4: 527,000 m² NET RENTAL NET VALUATION ANNUALISED  Additional 545,000 m² currently under development INCOME R

6. Slide 6: Profitable Growth

   Profitable Growth RENTAL INCOME FOR THE PERIOD BY MARKET 3% 8% Income Statement Summary Unaudited Consolidated Profit & Loss Statement for the 19% Period ended 30 September 2021 €240 m YTD 2021 YTD 2020 YTD 2021 €m €m Net rental income 240 204 EPRA EARNINGS 9% 61% PER SHARE Net income from developme

7. Slide 7: Solid Financial Position

   Solid Financial Position Balance Sheet Summary Unaudited Consolidated Balance Sheet per 30 September 2021 Q3 2021 Q4 2020 €m €m Assets Investment property 6,127 5,386 Investment property under development 893 387 GROSS ASSET VALUE BY MARKET Property, plant and equipment 102 99 Other 111 71 3% 7% Tot

8. Slide 8: Extended Debt Maturity & Improved Cost of Debt

   Extended Debt Maturity & Improved Cost of Debt CONSERVATIVE RESIDUAL MATURITY OF DEBT (€ million due in following years) Q2 2021 Q3 2021 1,200 1,029 1,046 1,000 800 707 600 558 511 512 506 512 411 417 400 342 329 200 113 79 82 11 16 6 12 6 0 <1 year <2 years <3 years <4 years < 5 years <6 years <7 y

9. Slide 9: Guidance Reaffirmed for 2021

   Guidance Reaffirmed for 2021 PIPELINE TARGET 2021 PIPELINE PERFORMANCE CONTINUES > 7.7 MILLION M2 GLA TO DEVELOP FAVOURABLY 8,000 >110 >7,700 79% 527 1,400 80% 7,500 73% 1,200 70% 70% 1,187 408 Pre let 1,072 1,080 60% 7,000 1,000 62% Thousands 366 50% 740 GLA under construction 800 m2 thousands 40%

10. Slide 10: CTPark Network: Pan European Logistics & Industrial Platform

    CTPark Network: Pan European Logistics & Industrial Platform

11. Slide 11: Customer Driven Expansion: Core Markets

    Customer Driven Expansion: Core Markets SK  95,000 m2 under construction  Record high occupancy of 98% CZ  Bratislava & Trnava fully let  40,000 m2 Take up  Further 437,000 m2 by FY 2021 RO  265,000 m² of investment assets acquired HU  Multiple last-mile projects under construction  On targe

12. Slide 12: Customer Driven Expansion: New Markets

    Customer Driven Expansion: New Markets PL NL  Acquired site in Warsaw  120,000 m² Amsterdam with development potential Logistic Cityhub, of 100,000 m² GLA construction underway  (Pre-)construction works  360,000 m² of land began on four projects, acquired in the Schiphol including in Iloya & War

13. Slide 13: CTP Continues to Gain Market Share in Core Markets

    CTP Continues to Gain Market Share in Core Markets (1 CEE MARKET PLAYERS: CEE MARKET: NEW SUPPLY & TAKE UP SHARE OF TAKE-UP CTP 24% Q3 2021 • Market share of ownership continued to increase • CTP’s take-up market share reduced from 31% to CTP 24% for the quarter due to the one-off Amazon Total CTP t

14. Slide 14: Outlook

    Outlook 1 4

15. Slide 15: Positive Market Dynamics

    Positive Market Dynamics CZECH MARKET RENTS DEVELOPMENT (€/m2/MO.) EUROPEAN MARKET RENTS € 6.00 Prime Rent € PER M2 Helsinki € 5.00 St. Petersburg 96 € 4.00 Stockholm 59 Stable 138 89 Moscow € 3.00 Increase € 2.00 Decrease Glasgow Oslo 58 75 72 Gothenburg € 1.00 Rotterdam € 0.00 Dublin Birmingham Po

16. Slide 16: Top Ten Parks: Strategic Focus on Large Multi-Use Logistics Parks

    Top Ten Parks: Strategic Focus on Large Multi-Use Logistics Parks Bucharest West RO Bor CZ Bucharest RO Brno CZ Ostrava CZ 1 2 3 4 5 GLA Built: 661,000 m2 GLA Built: 528,000 m2 GLA Built: 497,000 m2 Built-up Area: 494,000 m2 Built-up Area: 375,000 m2 GLA under Construction: GLA under Construction: G

17. Slide 17: Growing Landbank Cementing Market Leading Position

    Growing Landbank Cementing Market Leading Position LAND BANK DEVELOPMENT Q-o-Q LAND BANK (million m2) by COUNTRY Under Ownership >1% Under Option 3% 3% 6% Czechia 35% Romania 7% 16.3 Slovakia 14.7 Hungary Poland 9.6 10.8 Netherlands 12% Serbia Bulgaria 5.1 5.4 Austria Slovenia 12% Q2 2021 Q3 2023 18

18. Slide 18: Spearheading Growth Across Europe – Instant Scale in Germany

    Spearheading Growth Across Europe – Instant Scale in Germany 665 Tender Offer for DEUTSCHE INDUSTRIE REIT-AG  Combines DIR’s asset sourcing strength with TENANTS CTP’s development/management capabilities  €728 per m2 of GLA 89  Total surface area: 3.9 m m2  Country-wide asset base; 12/16 Federal

19. Slide 19: Investing in our Teams on the Ground and at Group Level

    Investing in our Teams on the Ground and at Group Level

20. Slide 20: The Best is Yet to Come

    The Best is Yet to Come Delivering Resilient Income and Sustainable Shareholder Value Building on Solid Foundation – 7.1m m2 GLA EXCEEDING TARGETS SET FOR YEAR AND AT IPO  Structural drivers continue to underpin our maturing markets Reach our 10m m² GLA target  Strategic acquisitions accretive to

21. Slide 21: Appendices

    Appendices 21

22. Slide 22: The EU's Largest Developer & Owner of Logistics Real Estate by GLA

    APPENDICES The EU’s Largest Developer & Owner of Logistics Real Estate by GLA • Market-leading 7.1 m m2 of GLA Key Investment Portfolio Metrics (1 • Vertically-integrated in-house team of 454 FTE 7.1 m 6.4 25.4%(2 • Significant investment into team GAV YEARS MARKET SHARE at senior/group levels WAULT

23. Slide 23: Predictable Cashflows from Existing Portfolio Further Solidified

    APPENDICES A1 Predictable Cashflows from Existing Portfolio Further Solidified Strong Commercial Performance in all key metrics ANNUALISED RENTAL INCOME (1 WAULT OCCUPANCY COLLECTION RATE (EUR million) (years) (%) (%) 407 6.5 6.4 95% 95% 98% 98% 98% 98% 380 6.4 366 94% 94% 6.0 344 Q4 2020 Q1 2021 Q2

24. Slide 24: Strategic Acquisitions of Income-Producing Assets

    APPENDICES Strategic Acquisitions of Income-Producing Assets # Country Location GLA rounded Acquisition yield 1 RO Timisoara 13,400 7.9 % 2 HU Szombathely 26,400 7.4% 3 SK Žilina 22,100 6.9% €340 m 4 HU Budapest 13,100 8.0% TOTAL INVESTED 5 BG Plovdiv 11,800 9.2% 6 CZ Liberec 19,600 6.4% 7 BG Sofia

25. Slide 25: EPRA Calculations

    APPENDICES A2 EPRA Calculations EPRA NTA EPRA NTA EPRA NTA EPRA Net Asset Value Metrics Q3 2021 Q3 2020 IFRS Equity attributable to shareholders 3,396,838 2,179,117 €9.88 Diluted NAV at Fair Value 3,396,838 2,179,117 Exclude: i) Deferred tax in relation to fair value gains of IP -561,639 -496,176 NA

26. Slide 26: EPRA Calculations

    APPENDICES A3 EPA Calculations Earnings EPRA Earnings (amounts in EUR 000s) YTD 2021 YTD 2020 Earnings per IFRS income statement 317,780 165,654 Adjustments to calculate EPRA Earnings, exclude: Changes in value of investment properties, development (i) properties held for investment and other intere

27. Slide 27: EPRA Calculations

    APPENDICES A4 EPRA Calculations Net Initial Yield EPRA NIY and “topped-up” NIY (1 Q3 2021 Q3 2020 5.7% Investment property – wholly owned 6,602,200 5,242,746 Less: developments 892,897 522,447 EPRA Completed property portfolio 5,709,303 4,720,299 NIY Gross up completed property portfolio valuation B

28. Slide 28: CTP Sustainability

    BREEAM certified Solar farms & solar ready roofs Water Retention Grey water systems Low Energy LED Lights 20 mWp generated in CZ alone Zero waste initiative 100% Green Bond Financing LN Fostering Biodiversity A Abunda nt Landscaping 5.8 milion kWh Energy Generation CTPNV ESG Risk Rating Global RANK

29. Slide 29: Five Property Types

    WE BUILD SPACE Five Property Types (from 2016, Thermo Fisher Scientific) Community

30. Slide 30: Definition of Used Terms

    APPENDICES A5 Definition of Used Terms Annualised Rental Income: rent roll as per the end of period, including service charge income (Base rent plus EPRA Topped-Up NIY: annualised rental income based upon the cash passing rent at balance sheet date less other rental income plus extras for above stan

31. Slide 31: Disclaimer

    DISCLAIMER Disclaimer This communication contains information that qualifies as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. This announcement may include statements which may be deemed to be, “forward-looking statements”. These forward-looking statements

32. Slide 32: Clubhaus Community

    Clubhaus Community

33. Slide 33: www.ctp.eu

    www.ctp.eu

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