Defama Deutsche Fachmarkt Ag · XETR:DEF
Defama Deutsche Fachmarkt — Investor Presentation (November 2025)
30 slides from Defama Deutsche Fachmarkt's investor presentation, November 2025
Slide 1: DEFAMA Deutsche Fachmarkt AG Company Presentation
Company Presentation DEFAMA Deutsche Fachmarkt AG November 2025
Slide 2: Equity Story
EQUITY STORY DEFAMA acquires Pasewalk, Mecklenburg Western Pomerania ▪ Well-established retail parks in Germany ▪ Chain stores with strong solvency as (anchor) tenants ▪ Little vacancies and/or investment needs ▪ Purchase price per property usually between €1m and €5m ▪ Mainly located in small to me
Slide 3: Three good reasons for this strategy
EQUITY STORY Three good reasons why we pursue this strategy: Property size usually Too small for most Favourable prices due to between €1m and €5m institutional investors lack of competition Focus on typical local No issues with Sustainable rentability shopping centres e-commerce substitution of the
Slide 4: At a Glance: Highlights YTD 2025
AT A GLANCE Highlights YTD 2025 ▪ Funds From Operations (FFO) as of 30 September 2025 reached €8.2m (+7%) ▪ In total 16 purchases with >€2m annually additional net rents in the future, thereof several locations in big cities and/or year of construction 2020 and younger ▪ Portfolio comprises a total
Slide 5: Portfolio Key Figures
PORTFOLIO Key Figures (as of 30 September 2025) Locations 91 Net Rent (annualised) €28m Lettable Space 323,214 sqm Occupancy Rate 95% Ø Lease Term (WALT) 4.5 years Portfolio Value €342m ▪ 80% of total net rent is generated from chain stores with strong credit ratings ▪ Contracts with anchor tenants
Slide 6: Portfolio: Biggest Tenants
PORTFOLIO Biggest Tenants (as of 30 September 2025) Sites Share Net Rent by Industry EDEKA/Netto/trinkgut 20 11.7 % Kaufland/LIDL 7 8.8 % REWE/Penny 9 6.8 % toom/B1 5 6.3 % JYSK 14 4.6 % Aldi Nord 8 3.6 % H.H. Holding 14 3.6 % dm-Drogerie 8 3.3 % Rossmann 8 3.1 % KiK 14 3.1 % AWG 7 3.0 % „Top 10“ le
Slide 7: Current Development: Retail park in Havelberg
CURRENT DEVELOPMENT Transaction/Purchase Retail park in Havelberg ❑ Year of construction: 1992 ❑ Plot size: 7,200 m2 ❑ Lettable space: 2,919 m2 ❑ Occupancy rate: 69% ❑ Annual net rent: > €200k Havelberg, Saxony Anhalt ❑ Purchase price: n.n. 1 ❑ EDEKA is a long-standing tenant and the only supermarke
Slide 8: Current Development: Local supply center in Wienhausen
CURRENT DEVELOPMENT Transaction/Purchase Local supply center in Wienhausen ❑ Year of construction: 1996 ❑ Plot size: 4,216 m2 ❑ Lettable space: 986 m2 ❑ Occupancy rate: 100% ❑ Annual net rent: app. €100k Wienhausen, Lower Saxony ❑ Purchase price: €970k ❑ Long-standing tenant is Penny ❑ Only grocery
Slide 9: Current Development: Portfolio with drugstores
CURRENT DEVELOPMENT Transaction/Purchase Portfolio with 8 drugstores (etc.) Annaberg-Buchholz Bad Langensalza ❑ Years of construction: 2003 to 2022 ❑ Lettable space: 13,598 m2 ❑ Occupancy rate: 97% ❑ Annual net rent: app. €1.5m Borna Brand-Erbisdorf Dresden, Kesselsdorfer Straße ❑ Purchase price: n.
Slide 10: Current Development: Specialty store in Löbau
CURRENT DEVELOPMENT Transaction/Purchase Specialty store in Löbau ❑ Year of construction: 2005 ❑ Plot size: 2,881 m2 ❑ Lettable space: 952 m2 ❑ Occupancy rate: 100% ❑ Annual net rent: app. €100k Löbau, Saxony ❑ Purchase price: n.n. 1 ❑ Long-standing tenant is AWG Mode ❑ Excellent location in a large
Slide 11: Current Development: Specialty store in Riesa
CURRENT DEVELOPMENT Transaction/Purchase Specialty store in Riesa ❑ Year of construction: 1998 ❑ Plot size: 3,748 m2 ❑ Lettable space: 1,063 m2 ❑ Occupancy rate: 100% ❑ Annual net rent: app. €100k Riesa, Saxony ❑ Purchase price: €984k ❑ ACTION moved into the former Netto premises as a tenant in autu
Slide 12: Current Development: Supermarket in Bayreuth
CURRENT DEVELOPMENT Transaction/Purchase Supermarket in Bayreuth ❑ Year of construction: 1985 ❑ Plot size: 1 1,123 m2 ❑ Lettable space: 1,190 m2 ❑ Occupancy rate: 100% ❑ Annual net rent: app. €150k Bayreuth, Bavaria ❑ Purchase price: €1.4m ❑ Long-standing tenant REWE has just been modernisised and e
Slide 13: Project Development: Investments within existing portfolio
PROJECT DEVELOPMENT Investments within the existing portfolio ❑ Refurbishment/expansion of rental spaces ❑ Vacancy reduction ❑ Optimisation of properties ▪ Paketstations ▪ Advertising boards ▪ Parking-space management ESG measures ❑ Charging stations (currently 32 online) ❑ PV systems, CityBreeze ❑
Slide 14: Investments within the existing portfolio (examples)
PROJECT DEVELOPMENT Investments within the existing portfolio (examples) Höhn ▪ Refurbishment for TEDi / gym in preparation, planning approval submitted ~ €0.8m Puderbach ▪ Refurbishment for Rossmann in progress, completion est. Q4/2025 ~ €0.5m Schneeberg ▪ Refurbishment for ALDI planning appr. subm
Slide 15: Sustainability
CURRENT DEVELOPMENT Sustainability DEFAMA supports the UN Sustainable Development Goals. Here are five SDGs where DEFAMA can make a significant impact: ▪ End poverty: - Securing affordable shopping opportunities in rural areas - Support local projects that help financially weaker people ▪ Living hea
Slide 16: Value creation on several levels (I)
INVESTMENT CASE Value creation on several levels (I) ▪ Acquisition of properties with initial yield of 10% p.a. ▪ Refinancing of > 80% of investment with app. 4-5% p.a. Albstadt, Baden-Wuerttemberg little equity needed, therefore high return on equity FFO per share in € ▪ Strong growth due to additi
Slide 17: Value creation on several levels (II)
INVESTMENT CASE NAV je Aktie Value creation on several levels (II) in € 30 27.64 ▪ Single purchases at favourable prices are laborious 25 19.61 22.80 23.79 20 16.86 ▪ Professionally managed portfolios trade 15 10 at much higher multiples on net rent 5 0 NAV per share +64% 2020 2021 2022 2023 2024 wi
Slide 18: Strong growth possible without capital increase (I)
INVESTMENT CASE Strong growth possible without capital increase (I) ▪ DEFAMA needs little equity for additional purchases ▪ Financing of aquisitions by cash flow, revaluation of loans and occasional sales ▪ Neither capital increase nor bonds, promissory notes or something similar in planning ▪ Re-al
Slide 19: Strong growth possible without capital increase (II)
INVESTMENT CASE Strong growth possible without capital increase (II) Disposals 2024 Purchases 2024 1 Number 14 €6.7m Selling prices €28m €0.55m Net rents p.a. €2.8m €0.3m FFO p.a. > €0.9m Released Invested liquidity equity ~ €3m November 2025 Company Presentation DEFAMA Deutsche Fachmarkt AG 19
Slide 20: Key Figures 2020-2024
KEY FIGURES 2020-2024 Portfolio Value Sales in €m in €m CAGR +14% CAGR +17% +16% +17% 323 27,3 283 23,3 257 20,2 218 17,1 179 14,6 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Net Profit Funds from Operations (FFO) in €m in €m CAGR +10% CAGR +4% +16% 1 +14% 5,0 1 5,4 1 9,7 10,0 4,6 8,6 4,2 1 7,
Slide 21: Key Figures 2020-2024
KEY FIGURES 2020-2024 Earnings per share FFO per share CAGR in € +10% CAGR in € +4% +14% +12% 1.14 1.15 2.02 2.09 0.95 1.82 0.87 1.60 1.33 0.57 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Dividend per share CAGR in € Guiding principles for our expansion +5% +6% 0.54 0.57 0.60 ▪ Company growth
Slide 22: Key Figures 9M/2025
KEY FIGURES 9M/2025 Portfolio Value Sales in €m in €m 360 +19% 342 +15% 23.0 288 24 19.9 270 18 180 12 90 6 0 0 30.09.2024 30.09.2025 9M/2024 9M/2025 November 2025 Company Presentation DEFAMA Deutsche Fachmarkt AG 22
Slide 23: Key Figures 9M/2025
KEY FIGURES 9M/2025 Net profit 1 Funds from Operations (FFO) in €m in €m 5,4 1,80 12,0 3,60 3.9 +3% 4.0 +7% 9,0 7.6 8.2 2,70 3,6 1,20 6,0 1,80 1,8 0.81 0.83 0,60 1.59 1.71 3,0 0,90 0,0 0,00 0,0 0,00 9M/2024 9M/2025 9M/2024 9M/2025 Ergebnis EPS in € FFO FFO / Aktie in € 1) Incl. one-off effects from
Slide 24: Financing
FINANZIERUNG Maturity Profile incl. Repayments in €m Key Figures (as of 30 September 2025) Number of financing partners 43 30 2.61% 1.62% 3.12% 4.39% Bank loans €200m 20 2.77% 2.26% 1.74% 4.04% 4.81% Ø Interest rate 3,16% 10 2.40% Ø Initial repayment 3,88% 0 Ø Fixed interest 7.5 years Loan-to-value-
Slide 25: Outlook: Guidance for 2025
AUSBLICK Guidance for 2025 previous year ▪ Net Profit (German GAAP): > €5m €4.6m, thereof (plus additional disp.) ~ €1.1m from disposals ▪ Funds From Operations (FFO): €11m €10.0m ▪ Dividend: > €0.60 per share €0.60 per share November 2025 Company Presentation DEFAMA Deutsche Fachmarkt AG 25
Slide 26: Outlook: Long-term guidance DEFAMA 30
AUSBLICK Portfolio Value in €m Long-term guidance „DEFAMA 2030“ 500 540 published 9 December 2024 360 323 257 283 218 ▪ Portfolio value reaches €500 180 ▪ Annualised net rents of €42m 0 2021 2022 2023 2024 2030e ▪ FFO of €19m resp. > €4.00 per share Net Rents (annualised) Funds From Operations (FFO)
Slide 27: Share
SHARE Share price development since IPO Shareholder structure 2 28 € 26% 20 € 12 € 2% 72% 4€ Jul. 16 Jul. 18 Jul. 20 Jul. 22 Jul. 24 WKN / ISIN A13SUL / DE000A13SUL5 Stock exchange Munich (m:access), Frankfurt, Xetra MSC Invest GmbH / M. Schrade Supervisory Board Number of shares 4,800,000 ordinary
Slide 28: Why to Invest
WHY TO INVEST Highly Profitable thanks to favourable purchase prices and lean structures Solid Financing via object subsidiaries with local and savings banks Down-to-Earth Team with great experience in the real estate and retail sector Shareholder-friendly with high transparency and yearly dividend
Slide 29: Contact
CONTACT DEFAMA Deutsche Fachmarkt AG Nimrodstr. 23 D 13469 Berlin www.defama.de Matthias Schrade CEO Phone +49 (0) 30 / 555 79 26 - 0 Email schrade@defama.de Zeitz, Saxony-Anhalt November 2025 Company Presentation DEFAMA Deutsche Fachmarkt AG 29
Slide 30: Disclaimer
DISCLAIMER Important Notice: Forward Looking Statement The information or opinions contained in this document have not been independently verified and no express or implied warranty or representation is made as to their suitability, accuracy or completeness or the recipient may not rely on them. Thi
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