Highwoods Properties, Inc. · NYSE:HIW

Highwoods Properties — Corporate Update (July 2018)

14 slides from Highwoods Properties's corporate update, Jul 23, 2018

  1. Slide 1: Highwoods to Develop Asurion HQ

    vin eee aston Highwoods to Develop Seniea,, tae Asurion HQ LETT nina ntti July 23, 2018 7 ASHE \ os a oT | REPASTR TGA aT |

  2. Slide 2: Safe Harbor

    SAFE HARBOR Certain matters discussed in this presentation are forward-looking statements within the meaning of the federal securities laws, such as the expected cost, timing and impact of Highwoods development activity. These statements are distinguished by use of the words "will," “plan,” “anticip

  3. Slide 3: Asurion HQ

    ASURION HQ $285M 551K CBD NASHVILLE 98.3% PRE-LEASED 3.5/1,000 PARKING Pinnacle at Symphony Place 520,000 SF, 100% Occ Ve wh ‘ rs a piel : 5 | = Broadway Site os 1 SS 35 Acres y Vs \ » A \ Bridgestone Tower ‘y= 514,000 SF, 100% Occ New Hig Is Headquarters Customer Long-Term g ods ‘ Q Funding Urban L

  4. Slide 4: About Asurion

    ABOUT . . asurion )}> Provider of technology protection to the world’s largest wireless carriers, trusted retailers and popular device manufacturers [i] 16,000 Tate EMPLOYEES 4 source: asurion.com TECHNOLOGY SUPPORT Instant access to tech expert, to solve any technology issue you could ever have wit

  5. Slide 5: Construction Timeline

    CONSTRUCTION TIMELINE START DELIVER ~ 1Q19 4Q21_ loading...

  6. Slide 6: Stacking Plan

    STACKING I Office PLAN Parking BB Retail Church Street [| 1 Avenue

  7. Slide 7: Conceptual Rendering

  8. Slide 8: Conceptual Rendering

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  9. Slide 9: Conceptual Rendering

  10. Slide 10: About Nashville MSA

    10 sources: Cushman & Wakefield Q2 2018 Nashville MarketBeat, Bureau of Labor Statistics, fortune.com ABOUT NASHVILLE MSA Dnd Fastest Growing Metro Economy in the Country since the Great Recession No. 1 Metro Creating the Most Business and Professional Services Jobs No. 6 Best U.S. City for Young Pr

  11. Slide 11: Highwoods Nashville Portfolio

    HIGHWOODS NASHVILLE PORTFOLIO Operating Occupancy* Development Development Pro Forma Development Portfolio (SF) (%) Pipeline (SF) Pre-Lease (%) (SF) Potential (SF) CBD 1,034 100.0 551 98.3 1,585 700 West End 466 91.4 - N/A 466 - Brentwood ot Ses 1,658 90.9 244 52.5 1,902 109 even Springs & Maryland

  12. Slide 12: Balance Sheet

    BALANCE SHEET Potential Funding Sources VY hvailable Cash ve Cash Flows from Operations Vo ATM Equity vo Non-Core Dispositions vO Unsecured Revolver ve Unsecured Bank Term Loans vo Debt Securities Flexibility to Fund Development Pipeline and Maintain Conservative 10 Debt Metrics 100 8 75 6 52x 4.8x

  13. Slide 13: Development Pipeline

    DEVELOPMENT PIPELINE Project Market “oo (000) eo) Compltion —_—_stabilation Riverwood 200 Atlanta 107 300 90 2Q17 2Q19 Seven Springs II Nashville 38 136 66 2Q17 3Q18 5000 CentreGreen Raleigh 4) 170 87 3Q17 3Q19 Enterprise lV (Industrial) Greensboro 8 128 75 3Q17 4Q18 Virginia Urology Richmond 29 87

  14. Slide 14: Highwoods: You've come to the right place

    Highwoods: OMPies FR itsne s YOU'VE COME TO THE RIGHT PLACE.®

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