Icade Sa · EURONEXT:ICAD
Icade Sa — Debt Investor Presentation (November 2021)
20 slides from Icade Sa's debt investor presentation, Nov 29, 2021
Slide 1: Increased Ambition in Green Finance
ORIGINE Nanterre, Hauts-de-Seine Consent Solicitation– November 29th, 2021 INCREASED AMBITION IN GREEN FINANCE DESIGNING, BUILDING, MANAGING AND INVESTING in cities, neighbourhoods and buildings that are innovative, diverse, inclusive and connected with a reduced carbon footprint. Desirable places t
Slide 2: Disclaimer
DISCLAIMER This document (the “Presentation") may contain information, opinions and certain forward looking statements that reflect Icade's management's current views with respect to future events and financial and operational performance of the Group. These forward looking statements are based on I
Slide 3: Agenda
1 Icade Strong CSR Commitment 2 Icade’s Green Financing Framework Update AGENDA 3 Focus on the Consent Solicitation Appendices 3 C2 - Internal Natixis
Slide 4: 1. Icade Strong CSR Commitment
1. Icade Strong CSR FRESK Issy-les-Moulineaux Hauts-de-Seine Commitment 4
Slide 5: Our low-carbon strategy ramped up in February 2021
1. ICADE STRONG CSR COMMITMENT OUR LOW-CARBON STRATEGY RAMPED UP IN FEBRUARY 2021 PROPERTY DEVELOPMENT Facilitate funding: 100% of offices over 5,000 sq.m and 50% of homes A Climate Fund with €2.5m to obtain the E+C- label with an E2C1 rating in 2022(1) OFFICE INVESTMENT -45% reduction in carbon int
Slide 6: Icade reduced its carbon footprint in 2020: -18% vs. 2019
1. ICADE STRONG CSR COMMITMENT ICADE REDUCED ITS CARBON FOOTPRINT IN 2020: -18% vs. 2019 Icade’s total emissions in 2020(1) OFFICE INVESTMENT 7% of CO2 emissions from energy consumption by office tenants and building construction(2) Scopes 1, 2 and 3 HEALTHCARE INVESTMENT PROPERTY DEVELOPMENT 212,64
Slide 7: Our business lines have achieved concrete results
1. ICADE STRONG CSR COMMITMENT OUR 3 BUSINESS LINES HAVE ACHIEVED CONCRETE RESULTS Icade strongly reduced its carbon intensity OFFICE INVESTMENT (in kg CO2/sq.m/year) between 2015 and 2020 -40% HEALTHCARE INVESTMENT -27% ORIGINE – Nanterre WOOD ART – Toulouse PROPERTY DEVELOPMENT Both projects award
Slide 8: 2. Icade's Green Financing Framework Update
2. Icade’s Green QUARTIER DE GALLY Versailles, Yvelines Financing Framework Update 8
Slide 9: Icade's active sustainable financing policy
2. ICADE’S GREEN FINANCING FRAMEWORK UPDATE ICADE’S ACTIVE SUSTAINABLE FINANCING POLICY Icade’s inaugural Green Bond Icade Santé’s inaugural Social 2 new RCF lines signed on issued in 2017 Bond issued in 2020 H1-2020 for a total of €450m The first Corporate Social Bond 7-year €300m green RCF A Green
Slide 10: Updated framework in line with best practices
2. ICADE’S GREEN FINANCING FRAMEWORK UPDATE UPDATED FRAMEWORK IN LINE WITH BEST PRACTICES 2021 GREEN FINANCING FRAMEWORK • Alignment of 2021 Green Financing Framework with • Eligibility criteria in line with best market practices and with Green Bond Principles (GBP) and Green Loan Principles Low Car
Slide 11: Eligibility criteria – 2021 Green Financing Framework Update (1/2)
2. ICADE’S GREEN FINANCING FRAMEWORK UPDATE ELIGIBILITY CRITERIA – 2021 GREEN FINANCING FRAMEWORK UPDATE (1/2) UN SDGs Eligible Project 2017 – Green Bond Framework Environmental Category Eligibility Criteria 2021 – Green Financing Framework Eligibility Criteria Contribu Objective(s) tion • Buildings
Slide 12: Eligibility criteria – 2021 Green Financing Framework Update (2/2)
2. ICADE’S GREEN FINANCING FRAMEWORK UPDATE ELIGIBILITY CRITERIA – 2021 GREEN FINANCING FRAMEWORK UPDATE (2/2) UN SDGs Eligible Project 2017 – Green Bond Framework Environmental Category Eligibility Criteria 2021 – Green Financing Framework Eligibility Criteria Contribu Objective(s) tion Energy effi
Slide 13: 3. Focus on the Consent Solicitation
3. Focus on the ORLY-RUNGIS BUSINESS PARK Val-de-Marne Consent Solicitation 13
Slide 14: Consent Solicitation Details (1/2)
3. FOCUS ON THE CONSENT SOLICITATION CONSENT SOLICITATION DETAILS (1/2) Purpose of the General Meeting - Icade requests consent of the holders of the €600,000,000 0.625 per cent. Notes due 18 January 2031 (ISIN FR0014001IM0) to earmark an amount equivalent to the proceeds of the Notes to the financi
Slide 15: Consent Solicitation Details (2/2)
3. FOCUS ON THE CONSENT SOLICITATION CONSENT SOLICITATION DETAILS (2/2) Note Contact Details €600,000,000 0.625 per cent. Notes due 18 January 2031 issued on 18 January Association de Représentation des Masses de Titulaires de 2021 - ISIN FR0014001IM0 (the “Notes”) Representation Valeurs Mobilières
Slide 16: Appendices
ORPEA NURSING HOME Arnsberg, Germany Appendices 16
Slide 17: External Review
APPENDICES EXTERNAL REVIEW SECOND PARTY OPINION EXTERNAL VERIFICATION Sustainalytics, an independent ESG research firm, has provided a Icade’s annual reporting will be subject to verification by an Second Opinion on Icade’s Green Financing Framework, assessing its environmental credentials, its tran
Slide 18: Annual Reporting - Examples of Output and Impact Indicators
APPENDICES ANNUAL REPORTING - EXAMPLES OF OUTPUT AND IMPACT INDICATORS Eligible Project Environmental Eligibility Criteria Examples of Output Indicators Examples of Impact Indicators Category objectives Type and level of green building Distance to public transport not certification(s) achieved/t
Slide 19: A CSR policy recognised by ESG rating agencies
APPENDICES A CSR POLICY RECOGNISED BY ESG RATING AGENCIES CLIMATE CHANGE NON-SPECIALISED REAL ESTATE Ranked 3rd out of 440 listed real estate companies worldwide “Sector leader” status in the category of listed diversified companies Score: 7.3/100 (inverted scale) in Europe with properties mainly op
Slide 20: Low carbon, a top priority
APPENDICES LOW CARBON, A TOP PRIORITY 2005 2020 2010 2017 2019 A well-established 1st private service … Promoting low- sector building in 1st green 1st developer to 2019-2022 Strategic Plan: low carbon, carbon living: track record France to receive leases and obtain the E+C- label a top priority an