Cham Swiss Properties Ag · SIX:CHAM
Cham Swiss Properties — H1 2026 Earnings Presentation
31 slides from Cham Swiss Properties's earnings presentation, Aug 25, 2026
Slide 1: Half-year results 2026 and outlook
Cham Swiss Properties Half-year results 2026 and outlook 25 August 2026
Slide 2: Agenda
Agenda Highlights 3 Financial results 4 Portfolio and pipeline 11 Outlook H2 23 Q&A Cham Swiss Properties • Half-year results 2026 • 2
Slide 3: Highlights First half of 2026
Highlights First half of 2026 Construction proceeding Active portfolio management according to schedule Portfolio quality further optimized through Phase 3 at the Papieri site nearing completion; divestitures and acquisitions in Western construction in Geneva and Zurich on schedule Switzerland Leasi
Slide 4: Income statement key figures
Financial results Income statement key figures January 1 – June 30 2026 2025* in TCHF Rental income 13’743 9’143 CHF 13.1 million Rental income incl. Ina until merger Income from sale of promotional properties 0 114’890 Other operating income 1’619 1’603 CHF 1.6 million Income from energy center Cha
Slide 5: Broadly diversified rental income base
Financial results Broadly diversified rental income base Target rental income by type of use Target rental income by region as of June 30, 2026 as of June 30, 2026 8% CHF -0.3 million +3% 18% 26% Temporary use Change in target rental Pavatex and Bredella income 39% East YoY (vs. 30.06.2025) CHF 27.8
Slide 6: Comfortable tenant and maturity structure
Financial results Comfortable tenant and maturity structure Tenant mix Maturity structure as of June 30, 2026 as of June 30, 2026 in % 45 WAULT: 12.5% 4.9 years 40 of which leases for 7.4% residential space 35 6.7% 30 4.5% 25 65.7% 3.2% 20 15 SWICA Krankenversicherungen AG 10 Tristar Suisse SA Ringe
Slide 7: 2% increase in portfolio value
Financial results 2% increase in portfolio value Portfolio value in CHF million '45 1'761 1'725 '6 -'15 Portfolio Net market Portfolio Investments Sales 31.12.2025 value change 30.06.2026 Cham Swiss Properties • Half-year results 2026 • 7
Slide 8: Strong development pipeline and high share of residential
Financial results Strong development pipeline and high share of residential Portfolio value by type of use Geographical diversification of the portfolio as of June 30, 2026 as of June 30, 2026 13% 9% 17% 20% 18% 44% CHF 1’761 million CHF 1’761 million CHF 1’761 million 55% 1% 69% 54% Investment prop
Slide 9: Balance sheet key figures
Financial results Balance sheet key figures in TCHF 30.06.2026 31.12.2025 Cash and cash equivalents 17’524 1’990 Promotional properties 20’790 20’755 Other current assets 33’883 17’481 Arlesheim Total current assets 72’197 40’226 Schwinbach Investment properties 765’858 762’389 Modern condominiums f
Slide 10: Development of a staggered bond portfolio by 2032E
Financial results Development of a staggered bond portfolio by 2032E Financing structure CHF 627 million as of June 30, 2026, in CHF million Financial liabilities 1’400 CHF 100 million 1’200 2Ĕᵈ bond issued in March 2026 1’000 Relative increase in bond financing 1.23% 800 Weighted interest rate of f
Slide 11: Our equity story – value creation through development
Portfolio and pipeline Our equity story – value creation through development Portfolio size Target rental income >100 in CHF million in CHF million >3’000 CAGR: 20.0% CAGR: 8.2% 1’725 28 2025 2032E 2025 2032E Approx. 25 development projects in prime The strong balance sheet with a high equity ratio
Slide 12: Projects under construction – Kesselhaus, Cham
Portfolio and pipeline Projects under construction – Kesselhaus, Cham Office and commercial use • Landmark on the Papieri site • Investment volume: CHF ~32.8 million • Rental space: 3’900 m2 • Fully leased • Target rental income: CHF ~1 million • Completion: summer 2026 Cham Swiss Properties • Half-
Slide 13: Projects under construction – Phase 3, Cham
Portfolio and pipeline Projects under construction – Phase 3, Cham Residential, office and commercial use • Investment volume: CHF ~82.5 million • Rental space: 16’200 m2 • of which residential: 5’200 m2 • of which office and commercial: 11’000 m2 • Target rental income: CHF ~4.6 million • Completio
Slide 14: Pleasing letting activities – Phase 3 and Kesselhaus, Cham
Portfolio and pipeline Pleasing letting activities – Phase 3 and Kesselhaus, Cham Papieri site in Cham is establishing itself as an attractive location • A total of over 6’000 m² of office and commercial space was leased in the first half of the year, prior to completion of construction phase 3 and
Slide 15: Successful acquisition of property in Geneva
Portfolio and pipeline Successful acquisition of property in Geneva Complements existing properties on Rue du Grand-Pré, Geneva • Approximately 4’000 m² of office and commercial space • Target rental income: CHF 1 million Attractive upside potential through Acquisition comprehensive development acro
Slide 16: Projects under construction – Rue du Valais, Geneva
Portfolio and pipeline Projects under construction – Rue du Valais, Geneva Transformation from office to mixed-use • Investment volume: CHF ~30.1 million • Rental space: 4’600 m2 • Target rental income: CHF ~2 million • Completion: spring 2027 • Start of marketing activities: Q4 2026 Cham Swiss Prop
Slide 17: Projects under construction – Schaffhauserstrasse, Zurich
Portfolio and pipeline Projects under construction – Schaffhauserstrasse, Zurich Compact apartments in a prime location • Investment volume: CHF ~27 million • Rental space: 3’200 m2 • Target rental income: CHF ~1.6 million • Completion: summer 2027 Cham Swiss Properties • Half-year results 2026 • 17
Slide 18: Projects with construction start 2026/27 – A2, Bredella West, Pratteln
Portfolio and pipeline Projects with construction start 2026/27 – A2, Bredella West, Pratteln Urban living in a central location • Start of preparatory work end of 2026 • Investment volume: CHF ~103 million • Rental space: 12’000 m2 • Target rental income: CHF ~3.5 million • Condominium: 4’000 m2 •
Slide 19: Projects with construction start 2026/27 – Rocket & Tigerli, Winterthur
Portfolio and pipeline Projects with construction start 2026/27 – Rocket & Tigerli, Winterthur Living with a view • Start of civil engineering works Q1 2027 • Investment volume: CHF ~227 million • Rental space: 28’000 m2 (of which 5’800 m2 affordable/cooperative housing) • Target rental income: CHF
Slide 20: Developments on the timeline – full pipeline until 2032
Portfolio and pipeline Developments on the timeline – full pipeline until 2032 Investment properties for own portfolio (as of 30.06.2026) Basic principle: Start of construction depends on the legal validity of the building permit and, in the case of commercial properties, also on the pre-letting rat
Slide 21: Developments on the timeline – full pipeline until 2032
Portfolio and pipeline Developments on the timeline – full pipeline until 2032 Condominiums (as of 30.06.2026) Basic principle: Start of construction depends on the legal validity of the building permit Cham Swiss Properties • Half-year results 2026 • 21
Slide 22: Expected development of target rental income until 2032E
Portfolio and pipeline Expected development of target rental income until 2032E Expected target rental income in CHF million 120.0 100.0 15% 80.0 25% 60.0 60% 40.0 20.0 Commercial Office Residential 0.0 2026 2027 2028 2029 2030 2031 2032 Cham Swiss Properties • Half-year results 2026 • 22
Slide 23: Outlook H2: Focus on construction starts and marketing
Outlook H2 Focus on construction starts and marketing Sector Still going strong, high demand at all sites Projects Preparations for the start of construction on major projects in Pratteln (Bredella West), Winterthur (Rocket/Tigerli), and Cham (Durolux and Trafo buildings, and Kalanderbau) Marketing
Slide 24: Share information, financial calendar, and contacts
Company data Share information, financial calendar, and contacts Share information Contact for investors, analysts, and financial media Cham Swiss Properties shares are listed on the SIX Swiss Daniel Grab, CFO Exchange in accordance with the standard for real estate investors@champroperties.ch compa
Slide 25: Disclaimer
Disclaimer This presentation (the "Presentation") has been prepared by Cham Swiss Properties AG ("Cham Swiss Properties" and together with its subsidiaries (the "Group")) for informational purposes only. The contents of this Presentation, including all statements made therein, are based on estimates
Slide 26: Appendix
Appendix 26
Slide 27: Ambitious financial targets and shareholder-friendly dividend policy
Appendix Ambitious financial targets and shareholder-friendly dividend policy Financial targets Equity ratio Maintain an equity ratio of at least 45% of total assets to and dividend policy ensure stability, flexibility, and dividend capacity. Debt financing Optimization of the capital structure thro
Slide 28: Papieri site development, Cham
Appendix Highlights in the real estate portfolio – Papieri site development, Cham A vibrant quarter in the center of Pavatex Cham • Site area: approx. 15 hectares • 170’000 m2 floor space • 75% residential properties approx. 1’000 apartments, 100 of which are affordable • 25% Commercial share ap
Slide 29: Pavatex site development, Cham
Appendix Highlights in the real estate portfolio – Pavatex site development, Cham Pavatex North Pavatex North (ca. 17’700 m2) • Development plan for commercial spaces Pavatex South • Interim uses Pavatex South (ca. 18’800 m2): • Around 300 apartments and a school building for the municipality of Cha
Slide 30: Site development Bredella, Pratteln
Appendix Highlights in the real estate portfolio – Site development Bredella, Pratteln An integral part of the city • Prime location with excellent transport connectivity, directly next to Pratteln train station • Site area: approx. 8.5 hectares • Floor area ratio: approx. 2.0 • Total floor space: 1
Slide 31: Site development Lokstadt, Winterthur
Appendix Highlights in the real estate portfolio – Site development Lokstadt, Winterthur A new urban district is taking shape • Walking distance to Winterthur train station • Rocket: 100 m residential tower featuring rental apartments, a restaurant, observation deck • Tigerli: podium building with r
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