Peach Property Group Ag · SIX:PEAN
Peach Property — Investor Presentation (November 2024)
22 slides from Peach Property's investor presentation, November 2024
Slide 1: Management Update Presentation November 2024
Management Update Presentation November 2024 ©peach PROPERTY GROUP
Slide 2: Looking back at the past months
Looking back at the past months Major milestones and performance of the Peach share New CEO AGM 2024/New BoD EGM for Equity Raise Equity Raise and Effective 15 April, 2024, Gerald _| New five-member Board of Directors ‘Ad-hoc of upcoming EGM 2 Klinck became the new CEO —_| elected with Michael Zahn
Slide 3: Agenda
Agenda @ Transaction offering (2) Executing the portfolio strategy 3) Impact on Peach financial position Appendix Financials as of 30 June, 2024 Peach at a glance
Slide 4: Transaction offering
Transaction offering Equity raise strengthens liquidity, lowers the debt ratio, and ensures Capex measurements Desc = On 27 September, 2024, the shareholders of the Peach Property Group AG ("Peach") approved the ordinary capital increase proposed by the executive board, by way of a rights issue agai
Slide 5: Agenda
Agenda @ Transaction offering (2) Executing the portfolio strategy 3) Impact on Peach financial position Appendix Financials as of 30 June, 2024 Peach at a glance
Slide 6: Successful execution of portfolio sale
Successful execution of portfolio sale Opportunistic locations of 5 200 units in line with portfolio strategy Key transaction highlights Transaction KPIs Purchase price Not disclosed GTC Paula S.A.R.L. and LFH Buyer Portfolio Acquico S.A.R.L. Share Deal Transaction structure (Peach remains 10.1%) Un
Slide 7: Pro-forma impact on the portfolio metrics
Pro-forma impact on the portfolio metrics First significant step to execute portfolio strategy Strategic Non-Strategic Pro forma Pro forma? Portfolio Share (%) 76% 11% Portfolio Share (%) 24% 23% Units 20 630 16.946 Units 6 662 4974 Locations 44 a Locations 74 63 In-place rent® 640 €/sqm 6.29 E/sqm
Slide 8: Execute our strategy on Peach portfolio
Execute our strategy on Peach portfolio Improvements across the mid-term EBITDA drivers ensure the financial stability of Peach Sustained rental growth Improved vacancy rate Selective capex spend Strategic iif Increased efficiencies Strategic The portfolio retains significant potential to align with
Slide 9: Agenda
Agenda @ Transaction offering (2) Executing the portfolio strategy 3) Impact on Peach financial position Appendix Financials as of 30 June, 2024 Peach at a glance
Slide 10: Regaining financial flexibility
Regaining financial flexibility The liquidity generated is expected to have a significant positive impact on the key financial metrics of Peach Target Rent (€m) Loan-to-value (net) WACD Net Debt (€k) Number of shares a 6 P = £o cel 139.4 yoy 57.5% ie 2.83% it ~1380 22.729 450 i I Equity raise Portfo
Slide 11: Refinancing process and maturities
▪ ▪ ▪ ✓ ✓ = Ordinary refinancing process, no particular capital = in good process, active management of maturities, measures required evaluating various viable options
Slide 12: Appendix
©peach PROPERTY GROUP Appendix
Slide 13: Consolidated statement of financial position
Consolidated statement of financial position Figures in EUR thousands Cash & Cash equivalents Trade receivables Other receivables Current financial receivables Contract assets Development properties Investment properties held for sale Total current assets Investment properties Advance payments for i
Slide 14: Consolidated statement of income
Consolidated statement of income Figures in EUR thousands Rental income Valuation gains from investment properties Profit on disposal of investment properties Income from development properties Other operating income Operating income _/. Expenses from letting of investment properties _/. Valuation l
Slide 15: Consolidated statement of cash flows
Consolidated statement of cash flows Figures in EUR thousands 30 June, 2024 30 June, 2024 Result before taxes -92 054 Payments for real estate companies | Payments for equipment | tt - 348 Adjustments for non-cash expenses/income Disposal of equipment | iY 18 Depreciation and amortization 1011 Payme
Slide 16: Funds from operations (FFO)
Funds from operations (FFO) Figures in EUR thousands 30 Jun 30 June, 2023 EBIT -70 238 Depreciation and amortization 101 EBITDA -69 227 _/. Reversal of impairment loss on development ./. Valuation result of investment properties 97 678 ./. Net result on disposal of investment properties -9 Share-bas
Slide 17: Our Management
Our Management Highly skilled and experienced Executive Management and Board of Directors Executive Management Gerald Klinck Marcus Schmitt Dr. Andreas Steinbauer EO aon omcer Chief Operating Officer Head of Letting & Sales ’ CUREUS [FG ane VONOVIA [ORCO| ANG \onovia O-BASF PROPERTY GROUP We create
Slide 18: Market fundamentals
Market fundamentals Dynamics support Peach Property's future performance Undersupply in the German housing market is expected to persist German inflation reduces while construction price growth slows down 450 mmm Completed new 400 appartments (000)* Government target eed rate (000) 300 ected tions i
Slide 19: Residential real estate market momentum in Germany
Residential real estate market momentum in Germany Market dynamics strongly support Peach Property's business model Investment volume residential portfolios ! (in €m) Number of transactions and @-number of units per deal! #! Forecast mH2 mHt 20 000 15000 The investment volume in Hi 2024 indicates st
Slide 20: Peach Property at a glance
Peach Property at a glance’ Affordable German residential properties in selected B-cities 30 June, 2023. 31 Dec, 2023 aw Rental income €59.8m €120.9m Peach Property Group 2D “sy ‘ EE Actual Rent per sqm €611 € 6.20 owns ~27 000 3 PR | Market Rent per sqm? €717 €731 residential ans tates Vacancy (bas
Slide 21: Disclaimer
Disclaimer This presentation (“Presentation”) was prepared exclusively by Peach Property Group AG (“Peach”) solely for informational purposes and has not been independently verified and no representation or warranty, express or implied, is made or given by or on behalf of Peach. Nothing in this Pres
Slide 22: Investors, Analysts and Media
Investors, Analysts and Media Gerald Klinck, Chief Executive Officer +41 44 485 50 00 investors@peachproperty.com
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