Cham Swiss Properties Ag · SIX:CHAM
Cham Swiss Properties — Merger or Acquisition (March 2025)
30 slides from Cham Swiss Properties's merger presentation, Mar 4, 2025
Slide 1: A real estate company with attractive growth potential
Areal estate company with attractive growth potential. Presentation on the planned merger
Slide 2: Agenda
Agenda Merger at a glance 3 Convincing combination 6 investment strategy ete y Organisation ce teeeeneenennnnenaeeee 50 Transaction 23 “evcctmment cose tenn eeneneeenennee 4 Cham Swiss Properties « Presentation on the planned mergers 2
Slide 3: Merger at a glance
Cham Swiss Properties « Presentation on the planned merger+ 3
Slide 4: Merger at a glance: A unique real estate company is created
Merger at a glance A unique real estate company is created With a portfolio of around CHF 3 billion after completion, Cham Swiss Properties is one of the top 5 listed property companies in Switzerland. L::] EH] High-quality portfolio, focusing on prime locations with a residential share of around 60
Slide 5: Key information on the transaction
Merger at a glance Key information on the transaction Legal structure: Absorption merger of Cham Group AG by Ina Invest AG Change of the name to Cham Swiss Properties AG Transfer of the registered office to Fabrikstrasse, 6330 Cham Exchange ratio: 1 Cham Group share = 41.5 Ina Invest shares Based on
Slide 6: Convincing combination
Slide 7: Listed Swiss property companies
SPS PSP Allreal Mobimo Hiag* Zug Estates Investis* Intershop Epic Suisse*
Slide 8: High-quality portfolio focused on first-class locations
Convincing combination High-quality portfolio focused on first-class locations > @ Development portfolio @ Investment portfolio Excellent location quality thanks to concentration on the economically strongest metropolitan regions in Switzerland: Basel, western Switzerland (Geneva, Lausanne), central
Slide 9: Papieri site development, Cham
Convincing combination Highlights in the property portfolio — Papieri site development, Cham A lively quarter in the centre of Cham Site area: approx. 11 hectares Utilisation rate: around 1.4 Total floor area: 170,000 m2 Share of residential properties: around 75% ~> approx. 1,000 flats, 100 of whic
Slide 10: Pavatex site development, Cham
Convincing combination Highlights in the property portfolio —- Pavatex site development, Cham Pavatex-North (approx. 17,700 m2) * Development plan for commercial areas approved in 2022 * Interim utilization Pavatex-Areal = Pavatex-South (approx. 18,800 m?) Ae > * Around 300 flats and a school buildi
Slide 11: Elefant, Lokstadt, Hallen, Rocket & Tigerli
Rocket: Residential + Hotel Rocket & Tigerli Elefant Tigerli: Rental flats Status: in planning Elefant Tenant: Radisson Red Office Rental flats Tender Status: Tenant fit-out Condos Tender Hochhaus Halls: Tenant: 100% SWICA Casino, Leisure Lokstadt Hallen Kindergarten Status: completed Verkauf: All C
Slide 12: Bredella site development, Pratteln
Convincing combination Highlights in the property portfolio — Bredella site development, Pratteln Strategy: 70% residential, 30% commercial * Excellent location with access to all modes of transport, right next to Pratteln railway station. ¢ Urban quarter in Pratteln with regional appeal and connect
Slide 13: Unterfeld site development, Baar
Compelling combination Highlights in the property portfolio — Unterfeld site development, Baar City of Zug Building site 1B: 90 flats 13'760 m2 ™ Commercial Residential tower with attractive rental apart- ments and views of Lake Zug and the Alps. . Pe: Railway station Construction site 3: 13,760 m2
Slide 14: Selection of other existing properties and projects
Convincing combination Selection of other existing properties and projects in the portfolio Zurich Flexible small urban households ina prime location Winterthur Sustainable office building with historic industrial architect and timber c Arlesheim va G » Geneva-Onex Modern condominiums for fi hool, g
Slide 15: Property portfolio with a high proportion of residential properties
Convincing combination Property portfolio with a high proportion of residential properties Portfolio of the merged company by type of use > CHF 100 million rental income CHF 23.6 million rental income i Investment properties by type of use (2032E) Today (2024) 40% @ Residential Commercial @ Investme
Slide 16: Pro forma figures: financial profile with high equity ratio
Convincing combination Pro forma figures as of 31 December 2024: Financial profile with high equity ratio Ina Invest Cham Group Cham Swiss Properties in TCHF Combined pro-forma Real estate portfolio 859,444 703,188 1,563,765 Development properties 523,425 310,990 834,415 Investment properties 315,54
Slide 17: Investment strategy
Cham Swiss Properties « Presentation on the planned merger 17
Slide 18: Development of attractive living and working spaces
Investment strategy Development of attractive living and working spaces Development of attractive and working spaces Sustainable development Central and attractive locations in economic centres with good public transport connections. Focus on the transformation of former industrial sites and old bui
Slide 19: Risk management, financial targets and dividend policy
Investment strategy Risk management, financial targets and dividend policy Risk management. Realisation of large projects in phases to reduce market risks and ensure flexibility. Aiming for a solid pre-rental rate before starting the construction of new office and commercial properties. Financial ta
Slide 20: Organisation
Cham Swiss Properties - Presentation on the planned merger+ 20
Slide 21: Experienced management team and designated Board of Directors
Organisation Experienced management team Designated Board of Directors Stefan Machler Philipp Buhofer Christoph Caviezel Annelies Hacki Buhofer Hans Ulrich Meister Felix Théni Chairman 1960, Swiss, lic. iur. University 1959, Swiss, University of 1957, Swiss, Dr.iur., University 1954, Swiss, PD Dr. p
Slide 22: Relationship with Implenia rearranged
Organisation Relationship with Implenia rearranged The merged company plans to continue to have Implenia develop the existing Ina Invest development projects as a service developer. CHAM® In December 2024, a new contract was concluded with Implenia that sets out the principles of cooperation. The Pa
Slide 23: Transaction
le i Transactio Cham Swiss Properties - Presentation on the planned merger 23
Slide 24: Process
Transaction Process invest CHAM Actual structure Share capital CHF 496,843.62 divided into 16,561,454 registered shares with a nominal value of CHF 0.03 each Capital increase / Exchange Capital increase CHF 927,525.00 divided into 30,917,500 registered shares > with a nominal value of CHF 0.03 each
Slide 25: Exchange ratio based on ANAV and fairness opinion
Transaction Exchange ratio based on ANAV and fairness opinion illustrative Net asset value (balance sheet) Present value of other company costs Ww DCF valuations of the property portfolios by Wiest Partner Adjustment deferred taxes Further adjustments Adjusted Net Asset Value (ANAV) Exchange ratio:
Slide 26: Indicative timetable
Transaction Indicative timetable 28 February 2025 31 March 2025 8 April 2025 9 April 2025 Announcement of the merger and the results for the 2024 financial year Publication of pro forma financial information and fairness opinion Swiss Official Gazette of Commerce publication of the invitations to th
Slide 27: Investment case
Cham Swiss Properties + Presentation on the planned mergers 27. ( |
Slide 28: Investment Case
Investment Case Cham Swiss Properties AG One of the most attractive and sustainable portfolios in Switzerland with development perspective beyond 2040. Well-balanced regional distribution in Switzerland's metropolitan centres and a good mix of uses with a high proportion of residential properties. T
Slide 29: Disclaimer
Cham Swiss Properties + Presentation on the planned merger 29
Slide 30: Disclaimer
Disclaimer THIS PRESENTATION AND ITS CONTENTS ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL, This presentation (the "Pres
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