Cpi Property Group S.a. · XETR:O5G
Cpi Property — Investor Presentation (June 2026)
51 slides from Cpi Property's investor presentation, June 2026
Slide 1: Investor Presentation (June 2026) Q1 2026
Investor Presentation (June 2026) Q1 2026
Slide 2: Financial highlights for Q1 2026
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Financial highlights for Q1 2026 TOTAL ASSETS PROPERTY PORTFOLIO CONSOLIDATED LEVERAGE CONTRACTED GROSS RENT €20.1 €18.0 49.4% €912 billion billion million CONSOLIDATED ADJUSTED EBITDA FUNDS FROM OPERATIONS (FFO) OCCUPANCY LIKE-FOR-LIKE RENTAL GROWT
Slide 3: Leading diversified European landlord
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Leading diversified European landlord myhive Warsaw Spire, Poland Property portfolio by segment (as at 31 March 2026) Office Office Retail €3.2bn (€22m, 3%) €364m Retail 18% €3.2bn (€22m, 3%)€45m, 5% €364m 44% €7.9bn 44% Residential 18% €45m, 5% €22
Slide 4: Focused on the CEE region
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Focused on the CEE region Property portfolio value per segment Office Retail Residential Hotels Complementary Berlin Warsaw Poland €2.4bn GERMANY €2.9bn Prague CZECH REPUBLIC GDP growth GDP growth Inflation Public €5.3bn Country 2026E (%) 2027E (%)
Slide 5: High-yielding portfolio generating substantial income
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 High-yielding portfolio generating substantial income Like-for-like rental growth* Gross and net rental income (€ million) Gross rental income Net rental income % YoY change 7.9% 926 934 -1% 895 -3% 795 796 0% 763 -4% 3.0% 3.1% 213 188 1.5% 222 196
Slide 6: Group strategy and operating highlights
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Group strategy and operating highlights Property portfolio (€ million) • Focused on excellent performance as a CEE landlord while Office €19.5bn Office €19.5bn selling non-core and low/non-yielding assets 3,274 €18.2bn €18bn €18bn 3,274 €18.2bn €18b
Slide 7: High occupancy reflects tenant and asset quality
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 High occupancy reflects tenant and asset quality Top 10 tenants by rental income 89% • High occupancy rate of 92.5% across the portfolio. Retail remains virtually fully occupied at 98%, offices are at 89%, and the residential segment at 90%. Rent as
Slide 8: Diversified tenants and a solid lease profile
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Diversified tenants and a solid lease profile Office tenants by type (as at 31 March 2026, according to headline rent) CPIPG commercial assets by value 32% IT # of commercial properties 500% 15% 18% 30 Professional Services % of total property portf
Slide 9: Superb access to bond and loan financing
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Superb access to bond and loan financing 460 Changes in external 125 financing during Q1 2026 (€ million) • CPIPG is one of the most active real estate bond issuers in Europe 9,925 9,902 (65) 460 (464) • Unsecured bonds have been repaid well in adva
Slide 10: Disposals continuing to meet or exceed targets
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Disposals continuing to meet or exceed targets From 2022 to 2024, CPIPG sold €3.4 billion of non-core assets in order to repay debt and enhance Disposals by geography year-to-date 2026 (in %) liquidity. Czech RepublicCzech Republic In 2025, our €1.1
Slide 11: Sound real estate market fundamentals
Sound real estate market fundamentals my hive Pal movk a, Pr agu e, C zec h Rep ublic
Slide 12: Healthy supply/demand balance for offices across Central and Eastern Europe
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Healthy supply/demand balance for offices across Central and Eastern Europe Vacancy rates in Central Europe remain low while new supply is limited Office vacancy rates in Central Europe are at healthy levels Annual office completions in CEE Capital
Slide 13: Occupier demand driven by economic growth and the return to office
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Occupier demand driven by economic growth and the return to office Demand recovered since 2021 albeit still below pre-pandemic levels Working from Home is the exception in CEE (Gross take-up in m²) (Share of employed people who sometimes or usually
Slide 14: CEE retail continues to catch up with Western Europe
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 CEE retail continues to catch up with Western Europe Real income continues to grow in CEE (2010 = 100)... …boosting retail sales turnovers (2021 = 100) 170 170 Romania 170 260 160 160 160 Poland 197 150 150 150 Hungary 150 140 140 140 Slovakia 130 1
Slide 15: CPIPG's region has limited retail density
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 CPIPG’s region has limited retail density CZ shopping centre density below WE, high street very limited Difficulty to build competing supply in the Czech Shopping centre GLA (m2 / 1,000 inhabitants) Republic World Bank ease of doing business ranking
Slide 16: Increasing investment market activity
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Increasing investment market activity Selected key transactions in our region over the last 12 months European investment market volume (€ billion) Property Sector Location Sales price (€m) CPIPG Sale Buyer Quarter 372 Olympus HQ Office Prague, CZ U
Slide 17: Portfolio overview
Portfolio overview Oranienstraße 6, Berlin, Germany
Slide 18: Office portfolio: focused on CEE capital cities
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Office portfolio: focused on CEE capital cities Office property portfolio split by geography • Significant scale with 2.7 million m² across 139 office properties Berlin • Focused on dynamic CEE capital cities: Berlin, Warsaw, Prague, Budapest, Vienn
Slide 19: Sound tenant demand for offices in our regions
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Sound tenant demand for offices in our regions Examples of key leases signed during Q1 2026 ENKIME SCT Cell Ghelamco Citibank foundever Creative Agency Biotechnology Real Estate Banking Business Services 840 m2, Berlin 2,350 m2, Prague 1,800 m2, War
Slide 20: Berlin office: steadily increasing average rents
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Berlin office: steadily increasing average rents GSG tenants by type (according to headline rent) • Portfolio valued at €2.3 billion, offering nearly 900,000 m² of space across 42 properties Professional Services 29% with more than 1,500 tenants 7%
Slide 21: Berlin portfolio is well-positioned for further upside
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Berlin portfolio is well-positioned for further upside Higher rents across GSG portfolio (€/m2/month) €27/m2 €11.7/m2 €14.2/m2 2023 2024 2025 Q1 2026 Rest-West 10.94 11.54 11.94 11.89 Q1 2026 market GSG Savills 2025 estimated Kreuzberg 18.39 19.35 1
Slide 22: Warsaw office: central locations, actively managed
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Warsaw office: central locations, actively managed Warsaw tenants by type (according to headline rent) • Portfolio of €1.6 billion offering 477,000 m2 across 17 properties Financial Services/Banking/Insurance 20% • #1 office owner in Warsaw Public/M
Slide 23: Prague office: high occupancy, rising rental income
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Prague office: high occupancy, rising rental income Prague office tenants by type (according to headline rent) Financial Services/ Financial FinancialServices/ Services/ Consumer Goods 15%15% 15% Consumer ConsumerGoods Goods 9% 9% 9% • Portfolio of
Slide 24: Budapest office: focused on quality assets and service
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Budapest office: focused on quality assets and service Budapest office tenants by type (according to headline rent) • Portfolio valued at € 649 million across 16 properties Public/Municipalities Flexible Workspaces 11%11% Public/Municipalities Flexi
Slide 25: Bucharest office: steady performance
Financial Services/ Advertisement/PR/ P Banking/Insurance Marketing/Media CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Bucharest office: steady performance Medical/Pharmaceutical Construction/Development O Professional Services Flexible Workspaces Bucharest office tenants by type (according to
Slide 26: Retail portfolio: solid performance across CEE
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Retail portfolio: solid performance across CEE • CPIPG is a leading retail landlord in CEE, owning 155 retail parks, 29 shopping Retail assets by type (according to GLA) centres, hypermarkets, DIY stores and other premises RetailRetail parksparks •
Slide 27: Retail portfolio: steady high occupancy
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Retail portfolio: steady high occupancy Maximo Shopping Centre, Rome, Italy Net rental income (€ million) Retail occupancy rate by country (%) Total Total 97.5% 97.1% 98.3% 97.9% 92 95 98.5% 98.1% Czech Republic 97.7% 97.9% 97.4% 97.7% 98.1% Other 9
Slide 28: Largest retail park owner in the CEE region
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Largest retail park owner in the CEE region AT – Austria HR – Croatia STOP SHOP CityMarket Other retail park CZ – Czech Republic HU – Hungary PL – Poland RO – Romania RS – Serbia PL CityMarket Brandýs nad Labem SI – Slovenia Brandýs nad Labem, CZ •
Slide 29: Shopping centres: growing sales, attractive price-performance ratio
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Shopping centres: growing sales, attractive price-performance ratio Shopping centre tenants by type (as at 31 March 2026, according to headline rent) Fashion Fashion Other Other 5%5% 27% 27% 5%5% FoodFood & Beverage Shoes 2.6% & Beverage Shoes 5% He
Slide 30: Residential portfolio: strong demand and limited supply
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Residential portfolio: strong demand and limited supply CPI BYTY, Česká Lípa, Czech Republic Residential property portfolio by country • Residential assets represent approximately 7% of the Group’s portfolio, with a total value of €1.2 billion Czech
Slide 31: CPI BYTY's leading regional platforms
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 CPI BYTY’s leading regional platforms • 2nd largest rental residential property owner in the Czech Republic • Long-term rental strategy with significant upside potential 11,539 units • Located in popular districts, close to city centres in 14 cities
Slide 32: Hotels portfolio: regional leader in hospitality
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Hotels portfolio: regional leader in hospitality Mamaison Chain Bridge, Budapest, Hungary • CPIPG has a sizable portfolio of hotels in Central Europe and operates in several segments, primarily congress & convention centres, in capital and regional
Slide 33: Hotel performance
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Hotel performance • Total net income from hotels operated and hotels rented amounted to €6 million in Q1 2026. The Net hotel income (€ million) Net Hotel Income Net Hotel Income decline in total income from hotels compared to 2024 is primarily due t
Slide 34: Complementary Assets: landbank and development
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Complementary Assets: landbank and development Complementary assets portfolio • CPIPG has a long, successful track record of investing in land plots €1,846m Landbank 57% • Land plots are held for sale, developed for sale, or developed to hold Develo
Slide 35: Developments for sale and developments to hold
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Developments for sale and developments to hold Maintenance-related CapEx New development – yielding assets Focus on value-enhancing CapExNew development – assets for sale Refurbishment and redevelopment • During 2025, CPIPG spent €405 million in • C
Slide 36: Financing structure & debt profile
Financing structure & debt profile VIVO! Stalowa Wol Shopping Centre, Poland
Slide 37: Financing structure and composition
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Financing structure and composition €2,309m Split of securedUnsecured Secured versus unsecured debt (as at 31 March 2026) Composition of unencumbered asset portfolio (as at 31 March 2026) Secured Unsecured Secured Unsecured CPIPG CPI Europe S IMMO I
Slide 38: Balanced debt maturity profile
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Balanced debt maturity profile (€ million) Strong liquidity (€ million) Cash as at 31 March 2026* 802 (+) RCF – undrawn amount** 500 4 years 3.67% (+) Other undrawn lines 9 Q1 2026 weighted average cost Total liquidity as at 31 March 2026 1,311 aver
Slide 39: Ample covenant headroom
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Ample covenant headroom Overview bond covenants under our EMTN programme Covenant Threshold 31 March 2026 Headroom Consolidated Leverage Ratio <= 60% 49.4% -18% / or c. €3.5 billion valuation decline -15% / or more than €100 million EBITDA decline o
Slide 40: CPIPG's approach to ESG and sustainability
CPIPG’s approach to ESG and sustainability STOP SHOP, Kaštel Sućurac, Croatia
Slide 41: Significant progress on environmental targets
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Significant progress on environmental targets Scope 1+2 GHG Intensity Sold electricity per MWh CO2 -51.6% -89.2% Green Scope 3 GHG Intensity FY2025 vs. Target 2025 FY2025 vs. Target 2025 Certified Buildings CO2 50.3% of portfolio by -18.4% value FY2
Slide 42: Our targets are aligned with the 1.5°C goal of the Paris Agreement
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Our targets are aligned with the 1.5°C goal of the Paris Agreement Blücherstraße, GSG Berlin photo: © Amadé Hölzinger Select Scope 3 GHG intensity across the Scope 1+2 GHG intensity across the property portfolio property portfolio outperformed the r
Slide 43: Group governance summary
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Group governance summary Disclosure & compliance Assurance The Group's securities are listed on the following The X Principles of Corporate Governance of the Luxembourg Stock Exchange Current external auditor regulated stock exchanges: Shareholders
Slide 44: Appendix
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Appendix Warsaw Financial Center, Poland 44
Slide 45: Key office properties of GSG Berlin
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Key office properties of GSG Berlin Gustav-Meyer-Allee 25 Voltastraße 5 GLA: 77,000 m2 GLA: 33,000 m2 Wolfener Straße 32–34 GLA: 74,000 m2 Schlesische Straße 27 GLA: 11,000 m2 Reuchlinstraße 10–11 GLA: 49,000 m2 Charlottenburg Mitte Plauener Straße
Slide 46: Key office properties in Warsaw
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Key office properties in Warsaw Green Corner Atrium Centrum Atrium Plaza GLA: 16,000 m2 GLA: 18,000 m2 GLA: 15,000 m2 Eurocentrum GLA: 85,000 m2 City Centre West City Centre CBD Warsaw Financial Center Equator IV GLA: 50,000 m2 GLA: 22,000 m2 Upper
Slide 47: Key office properties in Prague
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Key office properties in Prague Tokovo Bubenská 1 GLA: 21,000 m2 myhive Palmovka GLA: 25,000 m2 GLA: 26,000 m2 Libeň Holešovice Hradčany Žižkov Quadrio GLA: 17,000 m2 Vinohrady Meteor Centre Smíchov Strašnice Office Park Palác Archa GLA: 19,000 m2 G
Slide 48: Key office properties in Budapest
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Key office properties in Budapest Gateway Office Park Balance Hall GLA: 36,000 m2 GLA: 16,000 m2 Váci út corridor myhive Thirteen | Globe GLA: 17,000 m2 Quadra GLA: 13,000 m2 Andrássy Palace GLA: 9,000 m2 River Estates Pest Buda GLA: 21,000 m2 myhiv
Slide 49: Key office properties in Bucharest
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Key office properties in Bucharest myhive Victoria Park GLA: 21,000 m2 myhive S-Park Baneasa – Otopeni GLA: 34,000 m2 myhive IRIDE | Nineteen Pipera GLA: 18,000 m2 Expozitie EXPO Business Park GLA: 43,000 m2 Dimitrie Pompeiu Floreasca – BV The Mark
Slide 50: Group shopping centres
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Group shopping centres Key shopping centres Shopping centres Ogrody Nisa Futurum Hradec Králové City: Elbląg City: Liberec City: Hradec Králové GLA: 42,000 m2 GLA: 48,000 m2 GLA: 39,000 m2 Pólus Center City: Budapest GLA: 41,000 m2 Olympia Plzeň VIV
Slide 51: Disclaimer
CPI PROPERTY GROUP INVESTOR PRESENTATION – Q1 2026 Disclaimer This presentation and its contents are intended for use for information purposes only and may not be reproduced, redistributed, published or passed onto any other person or published, directly or indirectly, in whole or in part, for any p
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