Slide 1: Results as of March 31, 2023
DESIGNING, BUILDING, MANAGING AND INVESTING in cities, neighbourhoods and buildings that are innovative, diverse, inclusive and connected with a reduced carbon footprint. Desirable places to live and work. This is our ambition. This is our goal. This is our Purpose. RESULTS as of March 31, 2023 Mond
Slide 2: Disclaimer
DISCLAIMER This presentation is not an offer or an invitation to sell or exchange securities, or a recommendation to subscribe, buy or sell Icade securities. Distribution of this document may be restricted in certain countries by legislation or regulations. As a result, any person who comes into pos
Slide 3: Agenda
1 Q1 2023 Key takeaways 2 Performance of Business Lines AGENDA 3 Icade Santé’s liquidity 4 Say on Climate & Biodiversity 5 2023 Outlook RESULTS AS OF MARCH 31, 2023 MONDAY, APRIL 24, 2023 3
Slide 4: Q1 2023 Key takeaways
MFACTORY Marseille, Bouches-du-Rhône 1. Q1 2023 Key takeaways RESULTS AS OF MARCH 31, 2023 MONDAY, APRIL 24, 2023 4
Slide 5: Q1 2023 Key Takeaways
1. Q1 2023 KEY TAKEAWAYS Q1 2023 – KEY TAKEAWAYS Resilient operational indicators, reflecting solid fundamentals in a challenging market Total group share revenue stands at €300m Exclusivity agreement between Icade and Primonial REIM for the sale of Icade Santé A potential transaction of €3bn in the
Slide 6: Revenue as of March 31, 2023 at c.€300m in group share
1.Q1 2023 KEY TAKEAWAYS REVENUE AS OF MARCH 31, 2023 AT c.€300M IN GROUP SHARE • Strong revenue from office investment division, in a context of significant disposals in 2022; positive impact of indexation • Significant slowdown of the residential market, seasonality impact in Q1 for Icade Promotion
Slide 7: Performance of Business Lines
PONT DE FLANDRE Paris, 19th district 2. Performance of Business Lines RESULTS AS OF MARCH 31, 2023 MONDAY, APRIL 24, 2023 7
Slide 8: Office Property Investment – Q1 2023 Key Highlights
2. PERFORMANCE OF BUSINESS LINES OFFICE PROPERTY INVESTMENT – Q1 2023 KEY HIGHLIGHTS Solid leasing activity in a quiet market Asset rotation c.60,000 sq.m 6 years Securing c.€150m Total floor area of leases signed WALB related to leases signed €14m Under preliminary agreement incl. 2 mature assets –
Slide 9: Property Development – Q1 2023 Key Highlights
2. PERFORMANCE OF BUSINESS LINES PROPERTY DEVELOPMENT – Q1 2023 KEY HIGHLIGHTS A market slowdown impacting operating indicators Emblematic projects Icade Promotion chosen Economic Revenue Housing Orders to codevelop the Gavy site Successful launch of in Saint Nazaire the “58 Victor Hugo” €227m €175m
Slide 10: Icade Santé's liquidity
RAPALLO PRIVATE HOSPITAL’S EXTENSION Italy 3. Icade Santé’s liquidity RESULTS AS OF MARCH 31, 2023 MONDAY, APRIL 24, 2023 10
Slide 11: Icade and Primonial REIM sign an exclusivity agreement for Icade Santé
3. ICADE’S SANTÉ LIQUIDITY ICADE AND PRIMONIAL REIM SIGN AN EXCLUSIVITY AGREEMENT FOR THE ACQUISITION OF ICADE’S STAKE IN ICADE SANTÉ March 13, 2023: Exclusivity agreement between Icade, Icade Santé’s minority shareholders and Primonial for (i) the acquisition of Icade’s stake in Icade Santé (58%) a
Slide 12: Say on Climate & Biodiversity
ORSUD Gentilly, Val-de-Marne 4. Say on Climate & Biodiversity FORÊT URBAINE PARC DES PORTES DE PARIS RESULTS AS OF MARCH 31, 2023 Aubervilliers, Seine-Saint-Denis MONDAY, APRIL 24, 2023 12
Slide 13: Say on Climate & Biodiversity approved by more than 98%
4. SAY ON CLIMATE & BIODIVERSITY SAY ON CLIMATE & BIODIVERSITY FOR THE SECOND YEAR IN A ROW: APPROVED BY MORE THAN 98% (98.3%) Low carbon strategy: reinforced medium-term ambitions Biodiversity strategy: 2022 results in line with the pathway 2019-2022 results above targets! GHG emissions reduction t
Slide 14: 2023 Outlook
ORSUD Gentilly, Val-de-Marne 5. 2023 Outlook RESULTS AS OF MARCH 31, 2023 MONDAY, APRIL 24, 2023 14
Slide 15: Confirmation of the 2023 guidance and dividend policy
5. 2023 OUTLOOK CONFIRMATION OF THE 2023 GUIDANCE AND DIVIDEND POLICY Guidance announced on February 20, 2023 Updated guidance 2023 Stable to slightly up Unchanged Group NCCF Excluding impact NCCF to be confirmed in July 2023 per share of 2023 disposals according to the effective date of the transac