Slide 1: Investor Presentation Year Results 2025
INVESTOR PRESENTATION Year Results 2025 14/08/’25 REGULATED INFORMATION
Slide 2: Table of Contents
TABLE OF CONTENTS CHAPTER 01 Highlights H1 2025 CHAPTER 02 Activity Report CHAPTER 03 Key financials & Funding CHAPTER 04 Conclusion
Slide 3: A period of realisation
A period of realisation Solid half-year results confirm Nextensa’s strategic course
Slide 4: Key Figures 2025 vs 2024
KEY FIGURES 2025 vs 2024 A period of Realisation Net Result Debt Ratio € 19,9 M vs €14,1 M 43,41% vs 45,39% Rental Income Development Contribution € 29,1 M vs € 36,2 M € 7,7 M vs € 5,2 M Financing Cost Net Financial Debt 2,71% vs 2,86% 707 M vs 763 M
Slide 5: Nextensa's Strategy
Balancing Nextensa’s NEXTENSA’S Hybrid model STRATEGY Strong focus on future-proof ESG projects Surprising Positively
Slide 6: Key Activities H1 2025
@ KEY ACTIVITIES Hi 2025 nextensa-
Slide 7: Key Activities H1 2025 – Tour & Taxis
7 KEY ACTIVITIES H1 2025 TOUR & TAXIS Strong Performance Rental Income Sales Residentials Proximus Lake Side
Slide 8: Key Activities H1 2025 – Luxembourg
8 KEY ACTIVITIES H1 2025 TOUR & TAXIS LUXEMBOURG Strong Performance Cloche d’Or Rental Income Eosys Sales Residentials Residential Proximus Lake Side Moonar
Slide 9: Key Activities H1 2025 – Austria
9 KEY ACTIVITIES H1 2025 TOUR & TAXIS LUXEMBOURG AUSTRIA Strong Performance Cloche d’Or Solid Performance Rental Income Eosys Sales Residentials Residential Proximus Lake Side Moonar
Slide 10: Key Activities H1 2025 – Retail Divestments
0 KEY ACTIVITIES H1 2025 TOUR & TAXIS LUXEMBOURG AUSTRIA RETAIL DIVESTMENTS Strong Performance Cloche d’Or Solid Performance Rental Income Eosys Knauf Sales Residentials Residential Pommerloch Proximus Lake Side Moonar Knauf Schmiede
Slide 11: Building the Future and Reshaping Cities
BUILDING THE FUTURE AND RESHAPING CITIES
Slide 12: Tour & Taxis
CHA. 02 – Activity report MAISON TOUR & TAXIS HERMAN BRUSSELS ENTREPOT GARE HOTEL DES SHEDS DE LA TEIRLINCK ENVIRONMENT ROYAL MARITIME DOUANES POSTE 5-minutes neighbourhood Excellence in sustainability Mix-city of functions : work, shop, live, do ,relax PARK LAKE LANE SIDE
Slide 13: Retail Occupancy
CHA. 02 – Activity report A diverse offer of services Retail Occupancy 87% • Proxy Delhaize open since 3 April
Slide 14: Higher Events Rental Income (+9%)
CHA. 02 – Activity report A place to discover & connect Higher Events Rental Income (+9%) 1230 1010 +22% H1 24 H1 25 190 170 +12% H1 24 H1 25 745 -9% 680 H1 24 H1 25
Slide 15: Stable Office Occupancy
CHA. 02 – Activity report Stable Office Occupany A high-impact workplace 88% 0 Syntra Stable Moxy BV Orde landmeters
Slide 16: Park Lane II
CHA. 02 – Activity report High-quality housing Park Lane I 100% • Sold out • Retail ground floor fully occupied Park Lane II • 327 of 346 units sold or reserved 94% • 6 of the 11 buildings have been delivered till now • Final delivery: Q3 ’25
Slide 17: Lake Side Urban Transformation
CHA. 02 – Activity report Lake Side Urban transformation 140,000 sqm Status at present: • Public enquiry: Feb 5th to 8th of March ‘25 • Consultation committee on 18th of March ‘25 • End of June ‘25: submission revised permit application • Mid September start of new public enquiry
Slide 18: Nextensa welcomes Proximus at Tour & Taxis and acquires Proximus towers
Nextensa welcomes Proximus at Tour & Taxis and acquires Proximus towers in Brussels
Slide 19: Treebune
TREEBUNE
Slide 20: Treebune
TREEBUNE
Slide 21: Treebune
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Slide 22: Towers
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Slide 23: Towers
LONG TERM PROPOSAL (3tal SLIDES) - TREEBUNE - TOWERS - HDD TOWERS
Slide 24: 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
Slide 25: Cloche d'Or
CLOCHE D’OR Pioneer in repurposing our way of living, working, meeting, relaxing & shopping
Slide 26: Cloche d'Or – Offices
CHA. 02 – Activity report Cloche d’Or – Offices • End of June lease agreement signed Eosys with PwC as main tenant (78%). 12.000 sqm • High quality 13-storey contemporary building with distinctive architecture • Aims for a BREEAM “Outstanding” certification • Delivery Q3 ‘27
Slide 27: Cloche d'Or – Offices
CHA. 02 – Activity report Cloche d’Or – Offices The Stairs Terraces
Slide 28: Cloche d'Or – Residential developments
CHA. 02 – Activity report D-10 D-5 Cloche d’Or – Residential developments D-Nord • D-Nord: 189/194 units reserved/sold • D-5 & 10: 153/185 units reserved/ sold • Delivery Phase 1: Q4 ‘25 83% 10 D -5 Innovative and Sustainable living D - Sud • B&B Hotels: 4.500 sqm – 150 rooms • Delivered mid-july 20
Slide 29: Portfolio Highlights
PORTFOLIO HIGHLIGHTS nextensa-
Slide 30: Creating value through innovative renovation and upgrading
CHA. 02 – Activity Report 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 • (€32/ sqm per month) • 80% leased 80% • Extension campus services (café, relax room
Slide 31: Project Development
PROJECT DEVELOPMENT “We reuse the past to build our NEXT future”
Slide 32: Iconic Reset, Green Mindset – BEL Towers
CHA. 02 – Activity report BEL Towers Brussels Iconic Reset, Green Mindset • The BEL Towers project (115.000 sqm) is a high-quality mixed (re)development : • 58.000 sqm offices • 2.400 sqm retail • 50.000 sqm residential and student housing • 11.000 sqm public facilities • The second mixed-function b
Slide 33: Iconic Reset, Green Mindset – BEL Towers
CHA. 02 – Activity report Iconic Reset, BEL Towers Brussels Green Mindset • Sustainability as a standard • Circular construction • Energy-efficient & fossil-free • Water management • Biodiversity & greening • 15-minute city & mobility • Delivery date: The permit is in place and discussions with pros
Slide 34: New Sustainable Office – Montree Luxembourg
CHA. 02 – Activity report New Sustainable Office Montree • Wood Frame Construction Luxembourg • Carbon Neutral • Target Certification: BREEAM Excellent Rue MONterey & TREE Status • Permit expected by October 2025 • Expected delivery in mid- 2027
Slide 35: New Sustainable Office – Treemont Brussels
New Sustainable Office CHA. 02 – Activity report • Wood Frame Construction • Carbon Neutral • Target Certification: BREEAM Excellent Treemont From TREE to MONToyer Brussels Status • Juni ‘25 : Renewed Permit Application • Q2 ‘26 : Permit expected by Q2 2026
Slide 36: Key Performance Indicators
CHA. 3 – Key Financials KEY PERFORMANCE INDICATORS
Slide 37: Key Performance Indicators – NAV and share price
CHA. 03 – Key Financials KEY PERFORMANCE INDICATORS The NAV per 30 June 2025 amounts to 81,81 EUR/share while the closing rate per end June 2025 amounts to 42,90 EUR/share. This means a discount of 48% compared to the NAV. Share price Nextensa NAV Nextensa (fair value)
Slide 38: KPIs of our investment portfolio
CHA. 03 – KPI’s of our investment portfolio Fair value of portfolio decreased from € 1,30 billion to € 1,19 billion Rental income decreased by € 7,0 M: - + € 1,5 M like for like rental growth - - € 7,2 M due to sale of buildings - Like-for-like rental growth of 5,45% No realized gain on sale
Slide 39: Other KPIs – Result of development activities
CHA. 03 – Other KPI’s Result of development activities (+ € 7,7 M) • Tour & Taxis (€ 3,3 M): profit recognized on Parklane Phase II, Phase I and RIVA • Cloche d'Or (€ 4,4 M) main sub projects contributing to the result of 2025: • Ilot D-5 & D-10 – residential 154 apartments reserved or sold out of a
Slide 40: Funding
CHA. 03 – K E Y F I N A N C I A L S FUNDING Net financial position of € 707,2 M at the end of June 2025 compared to € 763,0 M at the end of 2024 Financial debt ratio is 43,41% (45,39% per 31/12/2024) The hedge ratio amounts to 99% The headroom amounts to 136€ Million
Slide 41: Consolidated Income Statement
CHA. 03 – K E Y F I N A N C I A L S CONSOLIDATED INCOME STATEMENT
Slide 42: Consolidated Balance Sheet
CHA. 03 – K E Y F I N A N C I A L S CONSOLIDATED BALANCE SHEET
Slide 43: To Summarize
CHA. 04 – Conclusion TO SUMMARIZE Solid half-year results confirm Nextensa’s strategic course Strong profit growth despite market challenges Portfolio optimisation reducing debt and improving financial flexibility Record Luxembourg sale – sale Knauf shopping centres marks largest retail estate trans
Slide 44: Behind every number is a dream about what comes NEXT
“Behind every number is a dream about what comes NEXT”
Slide 45: Contact Information
CONTACT INFORMATION Headquarters Gare Maritime Picardstraat 11 box B505 BE- 1000 Brussels +32 2 882 10 00 info@nextensa.eu INVESTORS RELATIONS investor.relations@nextensa.eu CONTACT www.nextensa.eu RPR: 0436.323.915 (Brussels) Michel Van Geyte ISIN code BE0003770840 CHIEF EXECUTIVE OFFICER LEI 54930