Vgp Nv · EURONEXT:VGP
Vgp Nv — Investor Presentation (January 2022)
22 slides from Vgp Nv's investor presentation, Jan 11, 2022
Slide 1: Company Presentation
. A i (ew 11 January 2022 7 WA i} 7 : Kginue BUILDING _ Company Presentation TOMORROW TODAY www.vgpparks.eu i \ Cc Zz y
Slide 2: Introduction to VGP
Slide 3: VGP at a glance
◼ ◼ ◼ ◼ ◼ ◼ ◼ Source: company information as of December 2021 1Including France (office opened Dec 2021); 2Gross Asset Value of VGP, including Owned Portfolio and joint ventures at 100% as of 30 June 2021; 3Including JV portfolio at 100%; 4Refers to WALT of JV and Owned Portfolio combined; 5Started-
Slide 4: Integrated business model
◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ Source: company information as of December 2021
Slide 5: Portfolio: completed, under construction, development land and geographic breakdown
Completed vs Under construction vs Development land Geographic breakdown Source: company information as of June 2021 1Includes Own and 100% of JVs; 2Includes Germany, Netherlands, Italy, Spain, Portugal and Austria as per EPRA definition
Slide 6: Gross asset value growth
◼ ◼ ◼ ◼ ◼ ◼ ◼ 4,480 GAV (€mm)1 3,843 2,771 1,936 1,195 1,506 428 677 200 225 106 226 1998 2007 2009 2011 2013 2015 2016 2017 2018 2019 2020 H1 2021 ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ Source: company information as of December 2021 1Includes Own and 100% of JVs
Slide 7: Started-up portfolio since January 2020
◼ ◼ ◼ ◼ ◼ ◼ ◼ Source: company information as of December 2021 1Started-up after 1 January 2020
Slide 8: Secure income from quasi fully occupied portfolio with long term triple net leases
Secure income from quasi fully occupied portfolio with typically long term triple net leases Blue-chip top 10 Tenants (JVs at 100%)! Weighted average term of the portfolio Krauss Maffei 10.9% Combined | 8.6 years Amazon Zalando IV | 7.4 years Rhenus Logistics Drylock Technologies Own | 10.2 years BM
Slide 9: Source: company information as of November 2021
◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ Source: company information as of November 2021
Slide 10: Land bank and development pipeline
Source: company information as of December 2021 1 The chart relates to the land bank in ownership (including JV at 100%) as at 30 June 2021 and increased with the value of the land acquired during the second half of 2021 .; 2Calculated on basis of square meters under construction; 3Once fully built
Slide 11: Source: company information as of December 2021
◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ Source: company information as of December 2021
Slide 12: Financing and gearing
Source: Company information as of June 2021 1Consolidated Gearing means consolidated Total Net Debt divided by the sum of the equity and total liabilities; 2Debt service cover ratio means cash available for debt service divided by debt service whereby debt service means the aggregate amount of finan
Slide 13: Slide 13
Slide 14: ESG highlights, corporate solar energy deal
◼ 1 2 ◼ ◼ ◼ 3 ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ Source: company information as of December 2021 1Press release https://www.vgpparks.eu/en/newsroom/investor-news/vgp-announces-pan-european-corporate-solar-energy-deal-to-power-alll-vgp-offices-with-100-renewable-electricity/
Slide 15: Key ESG achievements & highlights of 2021
◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ Source: company information as of December 2021
Slide 16: Appendix
Slide 17: H1 2021 results: operating profit and valuation gains
◼ Operating profit up €22.1mm to €240.0mm ◼ Driven by higher share of net profits of joint ventures and associates (up €65.8mm) partially offset by lower net valuation gains on investment properties (down €41.4mm) ◼ On a “look-through”- basis1 net rental is up by €5.1mm YoY to €32.0mm ◼ Net valuatio
Slide 18: Segment reporting and operating EBITDA
◼ ◼ ◼ ◼ ◼ Source: company information as of June 2021 Notes: Segment reporting disclosure in the notes of our 1H 2021 condensed consolidated interim financial statements press release for overview of adjustments to operating EBITDA 1Capital expenditure directly incurred for the own portfolio amounts
Slide 19: H1 2021 key events
◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ Source: company information as of June 2021 1On 26 November 2020, VGP entered into a partnership with Roozen Landgoederen Beheer in order to develop Logistics Park Moerdijk together with the Port Authority Moerdijk on a 50:50 basis. VGP Park Moerdijk’s share equ
Slide 20: Source: company information as of June 2021
Source: company information as of June 2021
Slide 21: Source: company information as of June 2021
Source: company information as of June 2021
Slide 22: Disclaimer
Disclaimer ABOUT VGP. VGP is a pan-European developer, manager and owner of high-quality logistics and semi-industrial real estate. VGP operates a fully integrated business model with capabilities and longstanding expertise across the value chain. The company has a development land bank (owned or co