Aedifica Sa · EURONEXT:AED
Aedifica Sa — Investor Day (May 2025)
42 slides from Aedifica Sa's investor day presentation, May 8, 2025
Slide 1: Aedifica Capital Market Days Ireland
Aedifica Capital Market Days Ireland Dublin, 8 May 2025 -1-
Slide 2: Programme
Programme 1 Strategy & portfolio update by Stefaan Gielens, CEO & Ingrid Daerden, CFO 2 Irish market and portfolio by Gary Watson, Aedifica Country Lead Ireland 3 Bartra Healthcare by Angela Ring, CEO Bartra Healthcare -2-
Slide 3: Table of content
Table of content All-shares tender offer on Cofinimmo 4 Portfolio analysis 15 Conclusion -3-
Slide 4: Portfolio analysis
Portfolio analysis Kutomokuja Helsinki - Finland -4-
Slide 5: Healthcare real estate portfolio: segment breakdown
Healthcare real estate portfolio Healthcare segment breakdown FOCUS ON CARE FACILITIES FOR ELDERLY PEOPLE 7% 6% Elderly care homes 15% Senior housing 87% Mixed-use elderly care buildings 3% Childcare centres 69% Other care segments Marketable investment properties incl. assets classified as held for
Slide 6: Healthcare real estate portfolio: geographical breakdown
Healthcare real estate portfolio Geographical breakdown DIVERSIFICATION ACROSS EUROPEAN COUNTRIES <1% 7% 21% Belgium Germany 19% Netherlands United Kingdom Finland 20% Ireland Spain 22% 11% Marketable investment properties incl. assets classified as held for sale (€5,968 m), excl. rights of use of p
Slide 7: Healthcare real estate tenants
Healthcare real estate tenants Tenant diversification1 10% 6% 607 sites with approx. 5% 300 tenants (or >140 4% ‘groups’) representing European, national and 53% 4% Municipalities / wellbeing counties (FI) local profit and not-for- profit operators 4% 4% No ‘operator group’ 4% leases more than 10% o
Slide 8: Operators' occupancy
Operators’ occupancy1 European listed operators 93% 94% 90% YoY growth in all countries 86% 86% Care homes occupancy1 >86% Finland Attendo reported overall occupancy at 86% in Q1 2025 Belgium Germany Netherlands United Ireland Kingdom and an EBITA at 10.1% Like-for-like YoY growth (bps)2: +103 +431
Slide 9: Operators' occupancy: Clariane
Operators’ occupancy Clariane Clariane occupancy Q1 2025 Q1 2024 Belgium 92.5% 91.6% Netherlands 75.6% 74.4% Germany 90.4% 88.8% Overall LT Care 90.4% 89.6% Occupancy rate increase despite a severe flu epidemic in Q1 2025 vs Q1 2024 Source: Clariane Q1 2025 results presentation and press release dat
Slide 10: Operators' occupancy: emeis
Operators’ occupancy emeis Source: emeis 2024 full-year results press release dated 16 April 2025. -10-
Slide 11: Operators' occupancy: Attendo Finland
Operators’ occupancy Attendo - Finland 86% Overall occupancy in Q1 2025 10.1% EBITA Source: Attendo Interim report January - March 2025 Source: Attendo Interim report January - March 2025 -11-
Slide 12: Rental income
Rental income +0.7 93.0 +1.6 +7.3 0.0 -0.1 82.0 +0.7 +0.1 +0.7 +13% Year-on-Year + 3.2% increase LFL in € m rental income Rental Belgium Germany Netherlands United Finland Sweden Ireland Spain Rental income Kingdom income Q1 2024 Q1 2025 +2.5% rent indexation Change: +3.7% +4.5% +0.9% +38.2% +10.9%
Slide 13: Portfolio growth: development projects
Portfolio growth Development projects St Mary’s – Lincoln (UK) Completed: Q1 2024 Helsinki Käräjätuvantie – Helsinki (FI) Completed: Q4 2024 Somer Valley House – Spaldrick House – Port Erin (Isle of Man) Midsomer Norton (UK) Completed: Q3 2024 -13- Completed: Q4 2024
Slide 14: Committed development projects
Committed development projects Pipeline €126 million of which €66 million to be invested GEOGRAPHICAL SPLIT EXPECTED DELIVERY DATE 100% pre-let €16m 13% €29m 2025 €8 million €37m 23% 29% expected rental €16m 13% income €63m 50% 2026 €24m 6.3% 19% €34m initial yield on cost €33m 27% 2027 26% Refillin
Slide 15: Conclusion
Conclusion Northwood Nursing Home Dublin - Ireland -15-
Slide 16: Thank you
Thank you INVESTOR RELATIONS ir@aedifica.eu Rue Belliard/Belliardstraat 40 bte 11 1040 Brussels, Belgium -16-
Slide 17: Stefaan Gielens - CEO; Ingrid Daerden - CFO
Stefaan Gielens - Chief Executive Officer Ingrid Daerden - Chief Financial Officer -17-
Slide 18: Aedifica SA/NV
Aedifica SA/NV Public REIT under Belgian Law Regulated Real Estate Company (RREC) Société immobilière réglementée (SIR) Gereglementeerde vastgoedvennootschap (GVV) Rue Belliard 40 / Belliardstraat 40 (box 11) 1040 Brussels Tel: +32 (0)2 626 07 70 - Fax: +32 (0)2 626 07 71 info@aedifica.eu - www.aedi
Slide 19: Forward-looking statement
Forward-looking statement This Presentation includes forward-looking statements that reflect the Company's intentions, beliefs or current expectations concerning, among other things, the Company’s results, condition, performance, prospects, growth, strategies and the industry in which the Company op
Slide 20: Appendix
Appendix LTS Winschoten Winschoten - Netherlands -20-
Slide 21: Belgian healthcare portfolio
Belgian healthcare portfolio PORTFOLIO OF 79 ASSETS €1,256 m ~8,200 5.8% 19 years portfolio residents yield on WAULT fair value fair value <1% 16 ~€1,256 m Inflation- exposure to tenant portfolio outlook linked the Brussels market groups as of triple net long 29 April 2025 leases -21-
Slide 22: Belgian healthcare portfolio: marketable investment properties
Belgian healthcare portfolio Marketable investment properties -22-
Slide 23: Belgian healthcare portfolio
Belgian healthcare portfolio Twee Poorten, ‘t Spelthof Tienen – 129 units Lubbeek – 121 units Hof Van Schoten, Schoten – 101 units Sorgvliet, Linter – 110 units -23-
Slide 24: German healthcare portfolio
German healthcare portfolio PORTFOLIO OF 98 ASSETS €1,165 m ~9,800 5.5% 21 years portfolio residents yield on WAULT fair value fair value 4 26 ~€1,199 m Inflation- projects tenant portfolio outlook linked to be groups as of double net long completed 29 April 2025 leases with various indexation limit
Slide 25: German healthcare portfolio: marketable investment properties
German healthcare portfolio Marketable investment properties Projects in the investment programme -25-
Slide 26: German healthcare portfolio
German healthcare portfolio Seniorenquartier Weyhe, Seniorenquartier Gera, Gera - Weyhe - 109 units 123 units Fredenbeck, Fredenbeck – Seniorenhaus Lessingstrasse, 94 units Wurzen - 73 units -26-
Slide 27: Dutch healthcare portfolio
Dutch healthcare portfolio PORTFOLIO OF 68 ASSETS €671 m ~3,200 6.2% 15 years portfolio residents yield on WAULT fair value fair value 22 ~€671 m Inflation- tenant portfolio outlook linked groups as of mostly triple net 29 April2025 long leases -27-
Slide 28: Dutch healthcare portfolio: marketable investment properties
Dutch healthcare portfolio Marketable investment properties -28-
Slide 29: Dutch healthcare portfolio
Dutch healthcare portfolio Villa Florian, Blaricum - 29 units Nieuw Heerenhage, Heerenveen - 126 units Martha Flora Breda, Breda – 28 units LLT Almere Buiten, Almere - 38 units -29-
Slide 30: UK & Channel Islands healthcare portfolio
UK & Channel Islands healthcare portfolio PORTFOLIO OF 119 ASSETS €1,288 m ~7,700 6.4% 22 years portfolio residents yield on WAULT fair value fair value 1 18 ~€1,223 m Inflation- project to be tenant portfolio outlook linked completed groups as of triple net long 29 April 2025 leases with generally
Slide 31: UK & Channel Islands: marketable investment properties
UK & Channel Islands healthcare portfolio Marketable investment properties Project in the investment programme -31-
Slide 32: UK & Channel Islands healthcare portfolio
UK & Channel Islands healthcare portfolio York Bluebeck Drive, York The Mount, – 66 units Wargrave - 65 units Copperfield Court, Broadstairs - 66 units Dawlish, Dawlish - 71 units -32-
Slide 33: Finnish healthcare portfolio
Finnish healthcare portfolio PORTFOLIO OF 219 ASSETS €1,160 m ~16,600 6.1% 12 years portfolio residents & yield on WAULT fair value children fair value 6 60 ~€1,196 m Inflation- projects tenant portfolio outlook linked to be groups as of double net long completed 29 April 2025 leases >6.5% 22% Exper
Slide 34: Finnish healthcare portfolio: marketable investment properties
Finnish healthcare portfolio Marketable investment properties Projects in the investment programme -34-
Slide 35: Finnish healthcare portfolio
Finnish healthcare portfolio Helsinki Ensikodintie, Tampere Teräskatu, Helsinki – 32 units Tampere - 240 units Espoo Kuurinkallio, Espoo – 75 children and 26 units Tahtimarssi, Oulu – 350 children -35-
Slide 36: Irish healthcare portfolio
Irish healthcare portfolio PORTFOLIO OF 22 ASSETS €426 m ~2,300 5.6% 22 years portfolio residents yield on WAULT fair value fair value 1 6 ~€442 m Inflation- project tenant portfolio outlook linked to be groups as of triple net long completed 29 April 2025 leases -36-
Slide 37: Irish healthcare portfolio: marketable investment properties
Irish healthcare portfolio Marketable investment properties Project in the investment programme -37-
Slide 38: Irish healthcare portfolio
Irish healthcare portfolio Dublin Stepaside, Beaumont Lodge, Stepaside - 119 units Dublin - 221 units Clondalkin Nursing Home, Dublin - 150 units Northwood Nursing Home, Dublin - 121 units -38-
Slide 39: Spanish healthcare portfolio
Spanish healthcare portfolio PIPELINE OF 2 PROJECTS & 1 PLOT OF LAND €2 m 28 1 portfolio assets plot of land fair value 1 ~€26 m Inflation- tenant portfolio outlook linked group as of triple net long 29 April 2025 leases -39-
Slide 40: Operators' occupancy: mature assets portfolio
Operators’ occupancy1 Mature assets portfolio 93% 94% 92% 86% 86% YoY growth in all countries Care homes occupancy1 >85% Belgium Germany Netherlands United Ireland 1 Occupancy data as at 30 September 2024. Kingdom 2 LfL occupancy looks at 09/2023 and Like-for-like 09/2024: an asset is included in th
Slide 41: UK & Channel Islands healthcare portfolio: rent cover evolution
UK & Channel islands healthcare portfolio Rent cover evolution 2.8 2.6 2.3x Rent cover over the last 2.4 12m for UK mature portfolio 2.2 2.0 1.8 2.5x 1.6 Q3 2024 rent cover 1.4 for UK mature portfolio 1.2 (x) 1.0 Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep 2020 2020 2020
Slide 42: Notes
fl Notes aedifica | housing with care -42-