Novavest Real Estate Ag · SIX:NREN
Novavest Real Estate — Shareholder Meeting (December 2024)
24 slides from Novavest Real Estate's shareholder meeting presentation, December 2024
Slide 1: Novavest Real Estate AG – Extraordinary General Meeting 2025
Novavest Real Estate AG – Extraordinary General Meeting 2025 Investor presentation, December 2024 | January 2025
Slide 2: Agenda
Agenda 1 Newly merged portfolio with successful strategy 2 Existing framework of governance – clearly defined and consistently implemented 3 Rejection of motions by the minority shareholder 4 Reject cold takeover of control in the Board of Directors and of the company 5 Q&A 2 | December 2024
Slide 3: Newly merged portfolio with successful strategy
Newly merged portfolio with successful strategy Berikon, Corneliastrasse 8a, 8b 3 | December 2024
Slide 4: Novavest and SenioResidenz – a successful merger
Novavest and SenioResidenz – a successful merger Ad hoc Press Release Conference call, Investor presentation Invitation EGM 2024 Information brochure 18.04.2024 18.04.2024 26.04.2024 26.04.2024 All documents published on the merger are available on Novavest Website – Investor Relations – Merger docu
Slide 5: Focus on «Housing for Young and Old»
Focus on «Housing for Young and Old» MARKET VALUE PORTFOLIO HOUSING FOR in CHF million 1'029.2 YOUNG AND OLD 811.8 783.6 741.3 645.4 554.0 12/2019 12/2020 12/2021 12/2022 12/2023 06/2024 OPTIMISED EARNINGS AND RISK STRUCTURE 1) TARGET RENTAL INCOME INVESTMENT PROPERTIES in CHF million Increase in gr
Slide 6: Vision & Strategy
Vision & Strategy 6 | December 2024
Slide 7: Combined portfolio with high development potential
1 Combined portfolio with high development potential REAL ESTATE PORTFOLIO COMBINED CHF 1’029.2 MILLION HIGH QUALITY ON LOCATIONS AND OF OBJECTS 1) by investment category as of 30.06.2024 Market value portfolio CHF 1’029.2 m 4% 13% 33% 50% Residential Residential/Commercial Commercial Projects inves
Slide 8: Attractive apartments ꟾ 79% up to 3½ rooms
1 Attractive apartments ꟾ 79% up to 3½ rooms APARTMENTS (SIZE AND NUMBER OF APARTMENTS) AS OF 30.06.2024 Apartments in the investment properties Number in % Up to 1½ rooms (incl. studios) 296 22% 2 to 3 ½ rooms 752 57% 4 to 4 ½ rooms 253 19% 5 rooms and larger 27 2% Total apartments 1 328 100% Addit
Slide 9: Portfolio invested throughout Switzerland
2 Portfolio invested throughout Switzerland REGIONAL DIVERSIFICATION WELL DIVERSIFIED & ATTRACTIVE PORTFOLIO Key figures portfolio 30.06.2024 Number of investment properties 73 Number of projects 2 Gross yield 4.4% Net yield 3.5% Vacancy rate excluding projects 3.1% Ø Discount rate for valuations 2.
Slide 10: Potential for synergies and growth
3 Potential for synergies and growth EXPLOITING SYNERGY POTENTIAL SUSTAINABLE GROWTH Synergy potential Completion of projects in St. Gallen and Basel and economies of scale will increase existing target rental income of about CHF 0.9 million (sustainable; compared to by about 4% (CHF 1.7 million) pr
Slide 11: ESG ꟾ ESG integration for sustainable intrinsic value
4 ESG ꟾ ESG integration for sustainable intrinsic value HOLISTIC ESG STRATEGY SELECTED ESG INITIATIVES IN 2024/2025 Energy efficiency and CO2 reduction ▪ Intensify energy controlling and operational ESG integration optimisation with focus on energy efficiency ▪ Implementation of energy-relevant reno
Slide 12: Long-term oriented investment strategy
Long-term oriented investment strategy FOCUSSED ON TENANT’S NEEDS INVESTMENT STRATEGY Office & commercial use Housing for young and old min. 50% Attractive living spaces with individual rental flats, max. 30% new building projects retirement or assisted living apartments max. 20% developed building
Slide 13: Outlook
Outlook ▪ Early extension of expiring rental agreements ▪ Implementation of value-creating investment measures and measures to PORTFOLIO further optimise portfolio ▪ Realise potential for densifications & re-developments ▪ Planned continuation of an attractive dividend policy and to increase it in t
Slide 14: Existing Governance practical and sound
Existing Governance practical and sound Illnau-Effretikon, Brandrietstrasse 36 14 | December 2024
Slide 15: Clear rules of competences Articles of Association & Organisational rules
Governance | Clearly defined, implemented & abided Novavest Real Estate AG Organisational rules General Meeting Articles of Association & Organisational rules Regulates the duties and powers of the Board of Directors, the Chairman of the Board of Directors, the committees of the Board of Directors I
Slide 16: Board of Directors: Competent, independent & with integrity
Board of Directors: Competent, independent & with integrity Thomas Sojak Stefan Hiestand Daniel Ménard Floriana Scarlato Claudia Suter Vice-Chairman Chairman Member Member Member since 2024 since 2024 since 2021 since 2022 since 2024 (Member since 2012) Born in 1970 Born in 1961 Born in 1962 Born in
Slide 17: Rejecting motions of the minority shareholder
Rejecting motions of the minority shareholder The active Board of Directors of NOVAVEST unanimously and firmly rejects the aggressive attempt by a minority shareholder to gain power over the company through a cold takeover of control in the Board of Directors. 17 | December 2024
Slide 18: Strategy & Governance in place at NOVAVEST 1/2
Strategy & Governance in place at NOVAVEST 1/2 Strategic merger accepted by the shareholders in May 2024 with > 96% at NOVAVEST and > 94% at SenioResidenz Clear, strategic focus on residential use in Switzerland Members of the Board of Directors, who are proposed to be removed, were elected with ove
Slide 19: Strategy & Governance in place at NOVAVEST 2/2
Strategy & Governance in place at NOVAVEST 2/2 NOVAVEST has a lean, effective and efficient organisational structure Clear Governance with strict definitions and guidelines consequently implemented Ongoing transformation process jeopardised by attack of the minority shareholder No capital increase a
Slide 20: Cold takeover of control to be rejected 1/2
Cold takeover of control to be rejected 1/2 Majority of the owners (about 85% of capital/voting rights) of NOVAVEST would be dominated by one minority shareholder Bad governance practised at minority shareholder MV Immoxtra Schweiz Fonds All proposed candidates have extensive entanglements and confl
Slide 21: Cold takeover of control to be rejected 2/2
Cold takeover of control to be rejected 2/2 Equal treatment of investors in danger; would be impossible, if R. Vögele were to become a Board of Directors member Questionable understanding of governance issues with the other two candidates Unknown plans of the minority shareholder create high degree
Slide 22: Further information
Further information Ad hoc Press Release Ad hoc Press Release Ad hoc Press Release Invitation EGM 2025 Letter to Shareholders 13.11.2024 15.11.2024 10.12.2024 10.12.2024 10.12.2024 Hotline for shareholders +41 (0)44 276 40 50 Website www.novavest.ch Media releases Novavest – Press Releases Documenta
Slide 23: Disclaimer
Disclaimer THIS PRESENTATION AND ITS CONTENTS ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL. This presentation includes f
Slide 24: Sustainable success and long-term growth in capital and earnings.
Sustainable success and long-term growth in capital and earnings. Novavest Real Estate AG Feldeggstrasse 26 8008 Zurich +41 (0)44 276 40 40 info@novavest.ch 24 | December 2024
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