Slide 1: MLP Group 1Q 2026 Results Investor Presentation
MLP GROUP CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE 1Q 2026 Results Investor Presentation May 2026 MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE
Slide 2: Agenda
AGENDA 1 MLP GROUP AT A GLANCE 3 2 FINANCIAL ACTIVITY 17 3 GUIDANCE FOR 2026 21 4 APPENDIX 24 1Q 2026 Investor Presentation MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE 2
Slide 3: MLP Group at a Glance
MLP GROUP AT A GLANCE MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE
Slide 4: Structurally resilient business model
MLP GROUP AT A GLANCE Structurally resilient business model ● MLP Group’s business model remains structurally resilient and difficult to disrupt => real assets and infrastructure- backed businesses typically remain more resilient during periods of technological disruption. ● Demand for modern logist
Slide 5: MLP Group boasts exceptional fundamentals
MLP GROUP AT A GLANCE MLP Group boasts exceptional fundamentals MLP Group is a leading European logistics platform with a vertically integrated business 1. model, specializing in the development, ownership, and management of Class A, modern, multi-tenant, generic warehouse and industrial properties.
Slide 6: MLP Group boasts exceptional fundamentals
MLP GROUP AT A GLANCE MLP Group boasts exceptional fundamentals High quality, modern properties - over 60% of the total portfolio by GLA has been developed 4. within the past 5 years, and approximately 85% of the assets are less than 10 years old. As of 31 March 2026, the average age of the building
Slide 7: 1Q 2026 Executive Summary in PLN
MLP GROUP AT A GLANCE 1Q 2026 Executive Summary in PLN STRONG FINANCIAL & OPERATIONAL PERFORMANCE IN Q1 2026 REVENUE EBITDA NET PROFIT (before revaluation) PLN 130.6 mn PLN 59.5 mn PLN 32.5 mn +20% YoY +10% YoY vs. PLN -42.7 mn GAV NAV NAV PER SHARE PLN 6.86 bn PLN 3.23 bn PLN 134.8 +4% vs. Dec 2025
Slide 8: 1Q 2026 Executive Summary in EUR
MLP GROUP AT A GLANCE 1Q 2026 Executive Summary in EUR STRONG FINANCIAL & OPERATIONAL PERFORMANCE IN Q1 2026 REVENUE EBITDA NET PROFIT (before revaluation) EUR 30.8 mn EUR 14.0 mn EUR 7.7 mn +18% YoY +9% YoY vs. EUR -10.2 mn GAV NAV NAV PER SHARE EUR 1.60 bn EUR 0.75 bn EUR 31.4 +2% vs. Dec 2025 0%
Slide 9: Strategic growth drivers
MLP GROUP AT A GLANCE Strategic growth drivers EUROPE’S STRUCTURAL TRENDS SUPPORT MLP GROUP STRATEGY Nearshoring & industrial growth • Strong manufacturing demand across CEE & Germany • Growing Chinese industrial investment in Europe Hamburg • ReArm Europe driving defence sector expansion Berlin Gor
Slide 10: Leasing Results in 1Q 2026
MLP GROUP AT A GLANCE Leasing Results in 1Q 2026 1Q 2026 - RECORD LEASING PERFORMANCE IN Q1 2026 LEASING VOLUME NEW ANNUALIZED NEW TENANT DEMAND 65,800 sqm CONTRACTED RENT 58,500 sqm +189% YoY EUR 4.6 mn +671% YoY nearly 3x growth +245% YoY FUTURE - STRONG DEVELOPMENT PIPELINE SPACE UNDER ANNUALIZED
Slide 11: Lease agreements in 1Q 2026
MLP GROUP AT A GLANCE Lease agreements in 1Q 2026 LEASED SPACE (IN SQM) • Leasing: 65,806 sqm (+189% YoY) • Annualized rent: EUR 4.6 mn (+245% YoY) EUR 4.6 mn 65 806 EUR 1.3 mn sqm 22 809 sqm 1Q 2025 1Q 2026* xx Annualized rents from new contracts and renewals *Data as of reporting date 1Q 2026 Inve
Slide 12: Three types of warehouse space
MLP GROUP AT A GLANCE Three types of warehouse space CITY LOGISTICS BIG BOX BUSINESS PARK CITY PARK BIG BOX (i.e. large-scale) warehouses, primarily MLP Business Parks offer small warehouse units MLP City Parks are located in prime city-center addressing logistics, e-commerce growth and (ranging fro
Slide 13: Project Spotlight – MLP City Park Vienna
MLP GROUP AT A GLANCE Project Spotlight – MLP City Park Vienna MLP CITY PARK VIENNA KEY PROJECT HIGHLIGHTS • Prime inner-city location in Vienna • Approx. 1500m from Wien Hauptbahnhof • Brownfield redevelopment project • Flexible units from 220 to 1,000 sqm • Focus on SMEs, last-mile logistics and u
Slide 14: Project Spotlight - MLP Hamburg East - Geesthacht
MLP GROUP AT A GLANCE Project Spotlight - MLP Hamburg East - Geesthacht MLP Hamburg East - Geesthacht KEY PROJECT HIGHLIGHTS • Strategic location near the Port of Hamburg - one of Europe’s key logistics gateways • Newly acquired logistics park in the Hamburg metropolitan area • Excellent connectivit
Slide 15: Tenant Spotlight - Sarantis
MLP GROUP AT A GLANCE Tenant Spotlight - Sarantis Strategic partner of MLP Group since 2001 • New lease agreement extended for another 10 years • Partnership expected to span approximately 35 years • Expansion from 5,000 to 24,000+ sqm • Nearly 5x growth in leased space within the MLP platform • Lat
Slide 16: Parks and land bank for small and medium size units
MLP GROUP AT A GLANCE Parks and land bank for small and medium size units Poznań Wołczyńska Urban & Near-Urban 13.3ha (Inner city –SBU) Strategic Advantages Warsaw 18ha Expansion Pipeline ● Prime locations in major (SBU/MSU) Poznań Poznań 7ha European metropolitan areas Strategic Focus: (SBU/MSU) Wa
Slide 17: 1Q 2026 Financial Activity
1Q 2026 FINANCIAL ACTIVITY MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE
Slide 18: Main 1Q 2026 highlights in EUR
1Q 2026 FINANCIAL ACTIVITY Main 1Q 2026 highlights in EUR EURm 2026 2025 Change TOTAL REVENUE 31 26 +18% Thereof RENTAL INCOME 17 13 +29% Thereof SCH & Utility* 14 13 +7% EBITDA 14 13 +9% NET PROFIT /LOSS 8 (10) +175% * Service charge (SCH = property management) and utility revenue is predominantly
Slide 19: Annualized future rental income
1Q 2026 FINANCIAL ACTIVITY Main 1Q 2026 highlights in EUR ANNUALIZED FUTURE RENTAL INCOME (IN MN EUR) Annualized rents Annualized rents Total annualized Annualized rents Total annualized from contracts from new contracts rental income from new rental income and renewals as at 31.03.2026 contracts an
Slide 20: Run-rate Adjusted EBITDA bridge
1Q 2026 FINANCIAL ACTIVITY Run-rate Adjusted EBITDA bridge RUN-RATE ADJUSTED EBITDA (IN MN EUR) 14.3 70.5 56.1 0.1 EBITDA Q1 2026 - ANNUALIZED Non recurring items Lease contributions Run-Rate Adjusted EBITDA EUR 1Q 2026 1Q 2025 EUR mn EUR mn Net Total Debt / EBITDA 12.5x 11.0x Net Total Debt / Run-R
Slide 21: Guidance for 2026
GUIDANCE FOR 2026 MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE
Slide 22: Comparison to actuals and long-term strategic goals
GUIDANCE FOR 2026 Comparison to actuals and l/t strategic goals Starting point for L/T goal EUR mn 2024 2025 20262 FY 2026 (contracted) REVENUES 87 99 120 131 Change YoY +9% +15% +21% +34% Equal or better than in EBITDA(1) Margin 49% 50% 59% 2025 FFO improvement FFO 11 13 should be at a level 35 com
Slide 23: Detailed breakdown of secured part of revenue in 2026
GUIDANCE FOR 2026 Detailed breakdown of (already) secured part of revenue in 2026 Revenue guidance Long term goal % of Long Term TBG (to be EUR mn 2025 actuals (min. level) secured Goal secured generated) Total 99 131 120 92% 11 Thereof rental income 56 80 72 90% 8 Thereof SCH & Utility.* 43 51 48 9
Slide 24: Appendix and Glossary
APPENDIX AND GLOSSARY MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE
Slide 25: Glossary
Glossary Term Definition Big Box Large scale warehouse projects or distribution centers CAGR Compound Annual Growth Rate City or urban logistics projects, branded as our MLP Business Parks, offering tenants flexible, small-scale warehouse and light production units, ranging City Logistics from 700 t
Slide 26: Vertically integrated business model
APPENDIX Vertically integrated business model STRATEGIC ACQUISITIONS STRONG DEVELOPMENT 1. FOR GROWTH CAPABILITIES 2. ● Targeting value-add opportunities ● Dedicated teams, capital, and landbank for continued project delivery ● Leveraging local, market-savvy teams ● Risk-managed approach driven by i
Slide 27: MLP Group S.A. contact details
MLP GROUP S.A. ul. 3 Maja 8, 05-800 Pruszków, tel. +48 22 738 30 10 www.mlpgroup.com MLP GROUP – CONSERVATIVE APPROACH TO GROWTH IN INDUSTRIAL ASSETS IN CORE URBAN AREAS IN EUROPE