Slide 1: Half-year results 2024 Investors Presentation
ANNUAL RESULTS INVESTORS PRESENTATION 2023 Half-year results 2024 14/08/’24 REGULATED INFORMATION Brussels, 21 February 2024, 5:40 PM REGULATED INFORMATION
Slide 2: Table of Contents
TABLE OF CONTENTS CHAPTER 01 Highlights 2024 CHAPTER 02 Activity Report CHAPTER 03 Key financials & Funding CHAPTER 04 Conclusion
Slide 3: Highlights 2024
HIGHLIGHTS 1. 2024
Slide 4: What Nextensa has achieved in H1 2024
CHA. 01 – Highlights 2024 WHAT NEXTENSA HAS ACHIEVED IN H1 2024 ? Net Result Investment Sales Development Active Financial Portfolio Investment Portfolio Management Portfolio €14,1 M Rental Income Foetz (Lux) Parklane II Stable vs H1 ’23 (l-f-l) (T&T) Debt Ratio € 9,23 M €1,39 per share 273 of the 3
Slide 5: Activity Report
Activity 2. Report
Slide 6: Building the future and reshaping cities
BUILDING THE FUTURE AND RESHAPING CITIES
Slide 7: Tour & Taxis
CHA. 02 – Activity report TOUR & TAXIS 5-minutes neighbourhood Excellence in sustainability Mix-city of functions : work, shop, live, do , relax A place you prefer
Slide 8: Lake Side
PARKLANE HERMAN GARE MAISON BRUSSELS TEIRLINCK MARITIME DE LA SHEDS ROYAL ENVIRONMEN POSTE DEPOT T HOTEL DES DOUANES PARK LANE LAKE SIDE Pioneer in repurposing our way of living, working, meeting, relaxing & shopping
Slide 9: Retail Occupancy: Almost there
CHA. 02 – Activity report A diverse offer of services Retail Occupancy: Almost there 79% • Expansion: Fyzix (Fitness Center) - Mecabike (Bike Shop & Bicycle Repair) • New Contracts: Monsieur Fleur (Floral Shop) - Flying Services (Employment Agency) - Correspondance (Restaurant) – Proxy Delhaize (Foo
Slide 10: Higher Events Rental Income
CHA. 02 – Activity report A place to meet and enjoy Higher Events Rental Income 1.3M 0.8M • +67% FY • Events: Titanic, Harry Potter • Fixed Tenant: Bubble Planet H1 '23 H1 '24 • +8,3% H1 24 vs 23 H1 '23 H1 '24
Slide 11: Growing Visitors reflected in Food Market & Parking Income
CHA. 02 – Activity report Growing Visitors directly reflected in growing Food Market & Parking Income Food Market Increasing Visitors Income for both Esplanade as Park Lane Comparison Esplanade Park Lane Total Increasing AB Inbev TO H1 2022 € 299,318 € 120,731 € 420,048 +73% H1 2023 € 363,110 € 361,
Slide 12: Stable Office Occupancy
CHA. 02 – Activity report Stable Office Occupany 90,6 83,2 A high-impact workplace 78,8 0 New Leases: Stable Guberna Dewil Architecten
Slide 13: Tomorrow's Offices in Yesterday's Architecture
CHA. 02 – Activity report Tomorrow’s Offices in Yesterday’s Architecture • Part of the vibrant Tour & Taxis site • 6,500 sqm of sustainable office space Sustainable Solutions Nextoffices By Nextensa Geothermal heating Circularity & Sustainability and cooling zero waste with certifications original m
Slide 14: Park Lane I & Park Lane II
High-quality housing CHA. 02 – Activity report Park Lane I 100% • Almost sold out • Retail ground floor fully occupied Park Lane II • 273 of 346 units sold or reserved • First delivery: Q1 ‘25 78%
Slide 15: Lake Side Urban transformation
CHA. 02 – Activity report Lake Side Urban transformation 140,000 sqm Status at present: • The environmental impact study will be finalised on 6 September 2024. • Submission modified file end of October, both to Bruxelles Environnement, Urban and the Fire Brigade. • Public enquiry organised by Urban
Slide 16: Cloche d'Or
CHA. 02 – Activity report CLOCHE D’OR A new urban district in Luxembourg City Mix-city of functions : work, shop, live, do, relax A place you prefer
Slide 17: Office and residential development contribution to H1 2024 results
The development of both office and residential projects make a positive contribution of €3.6 M to the first-half 2024 results. Tram operational since July ‘24 CLOCHE D’OR Pioneer in repurposing our way of living, working, meeting, relaxing & shopping
Slide 18: Cloche d'Or – Offices Stairs
CHA. 02 – Activity report Cloche d’Or – Offices Stairs Forward Sale • 12 Floors office builing in to an International Corporate front of shopping center 9.700sqm • Breeam Outstanding and WELL Gold certification € 107.5 M • 2nd largest transaction on Lux market in ’24 • Delivery Q2 ‘26
Slide 19: Cloche d'Or – Offices
CHA. 02 – Activity report Cloche d’Or – Offices Emerald White House
Slide 20: Cloche d'Or – Residential developments
CHA. 02 – Activity report D-10 D-5 Cloche d’Or – Residential developments D-Nord • 27 Appartments sold/ reserved of 92 VEFA in H1 ‘23 • • D-Nord: 187/194 units reserved/sold Innovative and 10 D -5 Sustainable living • D-5 & 10: 109/136 units reserved/ sold • Delivery Phase 1: Q4 ‘24 90% D - Sud • B&
Slide 21: Portfolio Highlights
PORTFOLIO HIGHLIGHTS nextensa-:
Slide 22: Hygge successful sale
CHA. 02 – Portfolio Highlights Hygge Successful sale Luxembourg • Sold at €22,8 M with a capital gain €1,6 M @ 4,5% yield, initially developed in 2009 at investment of €9 M • Returned to the Luxembourg market in ‘23 with a new identity after a short period of renovation and €1.6 M upgrading: 1.600 s
Slide 23: Moonar: creating value through renovation
CHA. 02 – Portfolio Highlights Moonar Luxembourg Creating value through innovative renovation and upgrading • Innovative renovation of Office Complex near Luxembourg airport (21.500 sqm) • Prime rent in Lux Airport area • (€31/ sqm per month) • ‘BREEAM In-Use Very Good’ certification • 77% leased (i
Slide 24: Knauf Pommerloch
CHA. 02 – Portfolio Highlights Knauf Pommerloch Luxembourg • Pommerloch continues to perform excellently in terms of occupancy. - New tenants So Brands to replace Esprit (bankruptcy) 100% Let and BestSeller/ America Today to replace Parprika/ Cassis (judicial agreement) - Expansion tenants Avient &
Slide 25: Knauf Schmiede
CHA. 02 – Portfolio Highlights Knauf Schmiede Luxembourg • The renovation of the shopping center in Schmiede has resulted in a gradual increase in visitor numbers, a rise in tenant turnover, and an increase in restaurant visits. • The leisure center (Arkadium) will open in 2 phases: - Q4 ‘24: ground
Slide 26: Austria Retail Park
CHA. 02 – Portfolio Highlights Austria Retail Park Austria Nordring 16-18, Vösendorf • Stable diversification Occupancy Rate • 5 Retail Parks 100% • Occupancy rate remains consistently at 100% Gewerbepark,Stadlau • Various lease renewals and new leases: - A new Smyths Toys shop opened in March ’24 i
Slide 27: Project Development
PROJECT DEVELOPMENT nextensa-:
Slide 28: Montree – Sustainable Office, Luxembourg
CHA. 03 – Project Development New Sustainable Office • Wood Frame Construction • Carbon Neutral Rue MONterey & TREE • Target Certification: BREEAM Excellent Montree Luxembourg Status • Aug ‘24: The Permit Application is in full preparation and will be submitted • Est. April ‘25: Permit • Delivery: E
Slide 29: Treemont – Sustainable Office, Brussels
New Sustainable Office CHA. 03 – Project Development • Wood Frame Construction • Carbon Neutral • Target Certification: BREEAM Excellent Treemont From TREE to MONToyer Brussels Status • May - Sept ‘24: Modification of the project following negative advice of the consultation commission • Sept ‘24: R
Slide 30: Key Financials & Funding
KEY FINANCIALS & 3. FUNDING
Slide 31: Key Performance Indicators
CHA. 0 – Key Financials KEY PERFORMANCE INDICATORS
Slide 32: Key Performance Indicators: NAV and discount
CHA. 04 – Key Financials KEY PERFORMANCE INDICATORS The NAV per 30 June 2024 amounts to 82,66 EUR/share while the closing rate per end June 2024 amounts to 43,50 EUR/share. This means a discount of 47% compared to the NAV.
Slide 33: KPIs of our investment portfolio
CHA. 04 – KPI’s of our investment portfolio Fair value of portfolio decreased from € 1,30 billion to € 1,27 billion Rental income up by € 1,0 M: - + € 1,6 M like for like rental growth - - € 0,7 M due to sale of buildings - Like-for-like rental growth of 5% Realized gain on sale of € 1,6 M
Slide 34: Other KPIs: development results and financial charges
CHA. 04 – Other KPI’s Result of development activities (+ € 5,2 M) • Tour & Taxis (€ 1,7 M): profit recognized on Parklane Phase II. • Cloche d'Or (€ 3,5 M) main sub projects contributing to the result of 2024: • Ilot D-5 & D-10 – residential 94 apartments reserved or sold out of a total of 185 • Il
Slide 35: Funding
CHA. 04 – K E Y F I N A N C I A L S FUNDING Net financial position of € 781,4 M at the end of June 2024 compared to € 786,8 M at the end of 2023 Financial debt ratio is 44,61% (44,80% per 31/12/2023) The hedge ratio amounts to 71% The headroom amounts to 30€ Million
Slide 36: Consolidated Income Statement
CHA. 04 – K E Y F I N A N C I A L S CONSOLIDATED INCOME STATEMENT
Slide 37: Consolidated Balance Sheet
CHA. 04 – K E Y F I N A N C I A L S CONSOLIDATED BALANCE SHEET
Slide 38: Where we are: the translation of our futuristic vision
Where we are : the translation of our futuristic vision INVESTMENTS PROJECT DEVELOPMENT PARTICIPATION Number of IN CONSTRUCTION PERMITS ACQUIRED IN STUDY Retail Estates 29 buildings 1 351 320 Residential shares m2 462 559 Value 36 520 15 184 N/A 32 401 93 000 12 000 €83,8 mio Fair value €1,274 billi
Slide 39: Conclusion
CONCLUSION 4.
Slide 40: To summarize
TO SUMMARIZE Like for Like rental income increased with 5% due to growing activities at T&T and indexation. Forward Sale Stairs to international corporate. 2nd Largest transaction on the Lux market. Divestment program in line with expectations (Hygge & Foetz). Residential sales program at T&T in lin
Slide 41: Investor Relations Contact
INVESTOR RELATIONS CONTACT MICHEL VAN GEYTE CHIEF EXECUTIVE OFFICER +32 2 882 10 05 investor.relations@nextensa.eu nextensa: PLACES YOU PREFER Ha: Gare Maritime Picardstraat 11 box 505 BE-1000 Brussels +32 2 882 10 00 info@nextensa.eu www.nextensa.eu RPR: 0436.323.915 (Brussesl) ISIN code BEO0037708