Slide 1: Corporate presentation H1 2021
Corporate presentation H1 2021 19/08/2021
Slide 2: Highlights, Growth plan, Overview 2021, ESG, Appendix
Highlights Growth plan Overview 2021 ESG Appendix
Slide 3: Click here to start the video
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Slide 4: Highlights, Growth plan, Overview 2021
Highlights Growth plan Overview 2021 ESG Appendix
Slide 5: Launch of a new growth plan 2021-2024
✓ Launch of a new growth plan 2021-2024 4-year growth plan – already six months realised 2020 2024 ✓ EPS growth to € 4,30 in 2024 € 3,50 EPRA earnings/share € 4,30 ( > 20% increase compared to 2020) ✓ DPS growth to € 3,45 in 2024 € 2,83 € 3,45 Dividend/share ( > 20% increase compared to 2020) ✓ Inve
Slide 6: Montea's portfolio is focused on main logistics hotspots
Focus areas in Germany are logistic hotspots, known as important logistic clusters with a stable demand for logistic real estate. Focus area in The Netherlands is the southern part of the country, with the ‘Randstad’ area (Amsterdam, Rotterdam, Den Haag, Utrecht) and Tilburg-Breda as most important
Slide 7: Total land bank: 1,8 mio m²
Future development potential > 900K m² Tiel: 47,9 ha Total land bank: 1,8 mio m² Extension potential of current portfolio by > 60% Landbank 20% Waddinxveen: 12 ha 48% Landbank Market Market Yield on Surface Value Value/m² Cost YIELDING LANDBANK 886.945 m² € 169,6 M 191 €/m² 5,8% 32% NON YIELDING LAN
Slide 8: Highlights, Growth plan, Overview 2021
Highlights Growth plan Overview 2021 ESG Appendix
Slide 9: Highlights H1 2021
Highlights H1 2021 1.507 Overview of FV Portfolio (€ M) € 1.422 M € 76 M Yearly rent Standing investments 597 @100% occupancy Belgium France The Netherlands 521 € 49 M Developments €3M Future rental income 423 200 326 201 213 174 € 34 M Solar panels €4M Income solar panels 139 134 176 109 73 102 118
Slide 10: Highlights H1 2021
Highlights H1 2021 Lille Antwerp Ghent Brussel Paris s Liège Amsterdam Charleroi Rotterdam Lyon Tilburg Marseille Main Logistic hotspots Current yield % of total Country # sites SQM (‘000) Fair Value Yearly Rent Occupancy @ 100% occupation portfolio BE 47 742 m² € 672 M € 36 M 5,5% 100% 47% NL 23 55
Slide 11: Strong portfolio KPI's
Highlights H1 2021 Strong portfolio KPI’s Continuous arbitration of portfolio (e.g. € 92 M disposals in the last 6 years) Leading to exceptional portfolio KPI’s 7,5y 7,5y Sites 8,6y 99,7% Residual lease Average portfolio Occupancy rate term age 5,4% Current yield (at 100% occupation) 11
Slide 12: Occupancy rate & rental activity
Highlights H1 2021 Occupancy rate & rental activity Occupancy rate (%) 99,7% Portfolio Management 2021 99,1% 99,3% 99,4% 9% 98,1% of the YE 2020 current rent has a break or contract end in 2021, 96,5% representing 96,6% 96,3% 96,3% 96,0% € 6,2 M 95,6% 95,1% 95,0% 92,9% 58% has already been extended
Slide 13: High qualitative client portfolio
Highlights H1 2021 High qualitative client portfolio ◆ Top 10 of clients represent 32% of the rental income of 2021 ◆ Top 20 of clients represent 49% of the rental income of 2021 ◆ 75% of sites are single tenant 4,5% 4,1% 3,8% 3,7% 3,1% 2,8% 2,7% 2,6% 2,4% 2,4% 13
Slide 14: High qualitative client portfolio
Highlights H1 2021 High qualitative client portfolio Logistics type Type of Sector Multimodality Low risk profile 9% 8% 10% 62% 35% 17% 46% 33% 54% 11% 3% 12% Food & Beverage Retail Construction/Industry Brand Logistics (end user) Network Logistics (distribution) Automotive Pharma & Medical Other Co
Slide 15: Key Tenant Overview
Highlights H1 2021 Key Tenant Overview # Tenant % of 2021 Rental Income Sector Country of Description HQ Third Party Division of DHL Express responsible for providing air transport capacity. Refers to 1 DHL Aviation 4,5 UK Logistics several airlines owned, co-owned or chartered by DHL Express. Found
Slide 16: Blue Gate industrial estate in Antwerp
Highlights H1 2021 Antwerp Port of Zeebrugge (Port + Airport) Port of Ghent Oostende Antwerp Ghent Brussels Liège Circular and climate-neutral Blue Gate industrial estate in Antwerp (BE) – Delivery Q1 2021 Charleroi Start of the build-to-suit project in Q4 2019, with delivery on 08/01/2021. Montea i
Slide 17: Brussels (BE) – Acquisition Q2 2021
Highlights H1 2021 Antwerp Port of Zeebrugge (Port + Airport) Antwerp Port of Ghent Ghent Brussels Liège Brussels (BE) – Acquisition Q2 2021 Charleroi Montea and the Port of Brussels signed a land concession agreement for a fixed term of 30 years for a site of ca. 35.000 m². Montea and DSV have sign
Slide 18: Ridderkerk (NL) – Acquisition Q2 2021
Highlights H1 2021 Amsterdam (Port + Airport) Rotterdam (Port + Airport) Ridderkerk (NL) – Acquisition Q2 2021 Rotterdam Montea and VDH Forwarding & Warehousing B.V. Have Port of Zeeland Tilburg signed a purchase agreement for a distribution centre of ca. 6.750 m² in Ridderkerk. The lease of VDH has
Slide 19: Strong balance sheet
Highlights H1 2021 Strong balance sheet Shooting Debt ratio (%) capacity: 56,4% 51,3% 52,8% 52,1% 55,8% 51,6% 51,9% 51,3% > € 600 M 50,1% 47,6% 49,9% towards 55% 39,4% 38,0% 36,9% 36,9% 30/06/2021 (without taking into account further portfolio revaluation) Target: c. 50-55% 19
Slide 20: Well diversified long term financing
Highlights H1 2021 Well diversified long term financing (impact of € 235 M Green Bonds included) Financing sources Maturity (y) Maturity creditlines & bonds 120 100 33% 80 6,4 60 67% 5,9 40 < 1% 20 0 MATURITY MATURITY '21 '22 '23 '24 '25 '26 '27 '28 '29 '30 '31 '32 '33 '34 '35 '36 BANKS BONDS LEASIN
Slide 21: Green Bonds Issuance
Highlights H1 2021 Green Bonds Issuance - € 235 M ✓ Montea raises € 235 M through the issuance of Green Bonds via the US Private Placement market with six internationally renowned investors ✓ 4 tranches: ▪ € 50 million - 10-year term (maturing on 27/04/2031) - coupon: 1,28% ▪ € 30 million - 10-year
Slide 22: Financial KPI's
Highlights H1 2021 Financial KPI’s EPRA Cost Ratio & EPRA NIY NET DEBT / EBITDA & ICR 15,00% 12,0 8,0 13,3% 6,8 7,0 10,0 6,2 12,3% 6,0 5,5 11,7% 8,0 4,5 5,0 9,3% 10,00% 6,0 3,5 4,0 8,3% 3,0 3,0 4,0 7,4 6,6% 6,5% 8,7 9,9 10,2 7,2 6,4% 6,1 2,0 6,0% 2,0 5,5% 1,0 5,2% 5,00% 0,0 0,0 2016 2017 2018 2019 2
Slide 23: Evolution of EPRA result per share & Dividend per share
Highlights H1 2021 Evolution of EPRA result per share & Dividend per share (€) (***) 1,72 +14% 1,96 (*) As of 2016: EPRA result per share instead of Net Current Result (**) DPS subject to General Shareholders’ Meeting in May 2022 (***) Taking into account a one-off payment received in 2021 whereby M
Slide 24: Outlook 2021: Guidance 2021
Outlook 2021 Full year 2021 ◆ EPRA result per share growth 3,68 € 3,74 € ( +5% vs ’20 ) ( +7% vs ’20 ) ◆ DPS growth 2,96 € 3,02 € ( +5% vs ’20 ) ( +7% vs ’20 ) ◆ Occupancy rate > 97% > 97% ◆ Average residual lease term > 7,5 years > 7,5 years ◆ Portfolio € 1.600 M € 1.600 M Guidance 2021 24
Slide 25: LP A12, Waddinxveen (NL)
Outlook 2021 Amsterdam (Port + Airport) Rotterdam LP A12, Waddinxveen (NL) (Port + Airport) Rotterdam Acquisition of plot of land (120.000 m²) in Q3 2020 on a Tilburg Port of Zeeland strategic location between Rotterdam & Amsterdam (near motorway A12). In a first phase, 50.000 m² will be developed,
Slide 26: Tiel (NL)
Outlook 2021 Amsterdam (Port + Airport) Rotterdam Tiel (NL) (Port + Airport) Rotterdam In September 2018, Montea acquired a site with a total area of Tilburg Port of Zeeland 47,9 ha in Tiel, where it will start building a 9.700 m² recycle and distribution centre for Re-Match. Re-Match Nederland B.V.
Slide 27: Etten-Leur (NL)
Outlook 2021 Amsterdam (Port + Airport) Rotterdam Etten-Leur (NL) (Port + Airport) Rotterdam The acquired land “Vosdonk” is currently in preparation for Port of Zeeland construction of a build-to-suit project of ca. 26.500 m². Tilburg Montea already invested € 5,5 M (acquisition of the land). Bas Se
Slide 28: Lummen (BE)
Outlook 2021 Antwerp Port of Zeebrugge (Port + Airport) Antwerp Port of Ghent Ghent Brussels Liège Lummen (BE) Charleroi Montea acquired the land in Q2 2019 and will develop the first carbon-free 30.000 m² building for logistical activities. The site is at a strategic location between E314 & E313 an
Slide 29: Solar panels in the Netherlands, France and Belgium
Outlook 2021 Solar panels in The Netherlands Solar panels in France 56% of the portfolio of warehouses in the In addition to Belgium and the Netherlands, Netherlands has already been fitted with PV installations are also planned in France as solar panels. That percentage will be of 2021. The estimat
Slide 30: Highlights, Growth plan, Overview 2021
Highlights Growth plan Overview 2021 ESG Appendix
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Slide 32: Environmental, Social & Governance (ESG)
Environmental, Social & Governance (ESG) Environmental ✓ Greenhouse gas emissions ✓ Reduce Montea’s direct and indirect CO2 footprint by limiting the volume of greenhouse gas emissions generated by our business operations, our logistics real estate and our suppliers. ✓ Long term dedication - Focus o
Slide 33: Greenhouse gas emissions
Environmental, Social & Governance (ESG) Greenhouse gas emissions Montea operations carbon neutral Montea’s Portfolio Paris Proof by 2050 by 2021 Client engagement program: We help our clients reduce their carbon footprint and energy costs Data collection & Carbon footprint Analysis 2019 - 2020 calc
Slide 34: Focus on sustainable and versatile logistics real estate
Environmental, Social & Governance (ESG) Strategic Locations Long term dedication Sustainable building Focus on sustainable - Low energy/low carbon - Life cycle & Circularity Multi-Modal and versitale logistics - Well being of customers - Flexible real estate Best use of Multi- space Functional
Slide 35: Two-storey innovative building for DPD, Vilvoorde
The site where the two-storey innovative building for DPD is to be erected is located on the Tyraslaan near the Vilvoorde exit on the Brussels Ring Road and close to several approach roads to the centre of Brussels. “The Coronavirus crisis is fuelling the demand for regional distribution centres. In
Slide 36: Meyzieu (FR) site reuse
Montea acquired this site in “Open space is scarce, so we have to use it sustainably. Montea will therefore always explore whether there is a more sustainable alternative in the form of land that had another industrial use 2019 by combining three previously and needed to be cleaned up, before buying
Slide 37: Blue Gate, Antwerp
At Blue Gate, Antwerp, Montea is developing a top-notch site for innovative and eco- conscious companies. Thanks to the unique location, directly on the Schelde river, and amidst a hub of railroads, roads and bicylcle paths, transport from never been more efficient. Both for goods and employees!
Slide 38: Innovation card quote from CCO
“Montea is playing the innovation card to the full with this project. We have surrounded ourselves with energy specialists to bring this ambition to fruition. In aspiring to a completely fossil-free building, Montea is focusing not on absolute growth but on maximal value creation. We are in fact cre
Slide 39: Our organization: Monteaneers and community involvement
Environmental, Social & Governance (ESG) Awareness training programm Well-being of all Charity employees ✓ Our organization: Monteaneers ✓ Community involvement Team events & Personal growth teambuildings of all employees Improvement of communication between the teams 39
Slide 40: Personal growth of our employees
Personal growth of our employees, regardless equal opportunities for everyone and good governance. 24/7 Training platform for all employees Montea strongly believes that its employees, together with their families, are the cornerstones of its business. That is why the company organizes events regula
Slide 41: Sharing expertise through seminars
Montea wants to share its extensive expertise with as many partners as possible, so it regularly organizes interesting seminars and inspiration days on its own and sometimes in cooperation with partners. Montea is a regular guest speaker at seminars organized specifically for the real estate sector.
Slide 42: Employee health: FIT@Montea
Montea does its upmost to improve the health of its employees. That is why the FIT@Montea programme was launched, whereby a personal trainer visits the head office twice a week (online training during COVID-19). Team building sessions are organized on a regular basis and we have dinner together at l
Slide 43: Social initiatives and charity
Montea encourages its employees to get actively involved in socially relevant initiatives in addition to their work. The organization supports several local charity organizations.
Slide 44: Corporate structure and governance
Environmental, Social & Governance (ESG) Corporate structure Corporate Governance Articles of Board of association Directors 44
Slide 45: Equality, diversity and non-discrimination
Environmental, Social & Governance (ESG) Montea strives for a culture in which equality, diversity, and non-discrimination on the basis of gender, age, nationality, race, religion, sexual orientation, cultural and social background, disability, education or political beliefs take centre stage. Emplo
Slide 46: Seniority and real estate experience
Environmental, Social & Governance (ESG) Seniority – Real estate experience (average in years) Employees Management Board of Directors TOTAL 25 25 25 25 22 20 20 20 20 17 15 15 15 15 12 10 10 10 9 10 8 7 5 5 4 5 5 5 0 0 0 0 Seniority Real estate experience Seniority Real estate experience Seniority
Slide 47: Board of directors
Environmental, Social & Governance (ESG) Board of directors De Pauw family 100% ▪ Dirk De Pauw (chairman) Man Woman Montea Management NV ▪ Jo De Wolf (CEO) (ED) = sole director ▪ Peter Snoeck (NED) Average age ▪ Philippe Mathieu (NED) 56 yr 1 share ▪ Barbara De Saedeleer (NED) 4 out of 7 are Montea
Slide 48: Board of Directors profiles
Environmental, Social & Governance (ESG) Dirk De Pauw Jo De Wolf Peter Snoeck Chairman of the Board Executive Director Non-executive Director Chief Executive Officer He is one of the founding He holds a degree Industrial shareholders of Montea. He He holds a Master’s degree in Engineering in holds a
Slide 49: Articles of association provisions
Environmental, Social & Governance (ESG) The articles of association of Montea NV/SA provide for A veto for the statutory director against its dismissal A veto for the statutory director against amendments to the articles of associations Authorized share capital up to EUR 163.280.905,26 A mandate fo
Slide 50: 4 UN Sustainable Development Goals framework
Environmental, Social & Governance (ESG) Our ambiton is channelled through 4 UN Sustainability Development Goals Framework 50
Slide 51: Highlights, Growth plan, Overview 2021, ESG, Appendix
Highlights Growth plan Overview 2021 ESG Appendix
Slide 52: Overview
Overview Montea NV is a public regulated real estate company (“RREC”) under Belgian law (SIR – SIIC), specializing in the development and the management of logistics property in Belgium, France and the Netherlands (“Montea” or the “Company”). The company is a leading player in this market. Montea li
Slide 53: Overview
Overview When Montea invests in logistics real estate, we are fully intent on keeping it in our portfolio for a long time. That is why we are strongly committed to high quality, sustainable finish and materials. This applies to investment in existing buildings as well as to the way in which we devel
Slide 54: What we do
What we do ✓ Montea literally offers its clients space to grow, ✓ Montea consists of a driven team of through flexible and innovative real estate logistics real estate experts. With a good solutions. That is why Montea maintains an understanding of the client's needs, extensive network of estate age
Slide 55: Montea acts in accordance with the following key concepts
Montea acts in accordance with the following key concepts: ✓ WAREHOUSING ▪ Land value has a higher share in the total value ✓ PURE PLAYER than in Land value hasother assetshare a higher classes in the total value than in ▪ Ambition to be best in class through other asseion cost specialisation (Logis
Slide 56: Who we are
Who we are Shareholder base (based on transparency notifications) 62% ✓ Montea is the result of Pierre De Pauw’s lifework, who has been one of the Belgian pioneers in logistic 4% Landreal estate value has since theshare a higher late 1960s in the total value than in 6% other asseion cost Theother <✓
Slide 57: Share price & IFRS NAV evolution
Share price & IFRS NAV evolution (as per 11/08/2021) A shareholder, who ▪ invested at the IPO 56,03 (2006) and ▪ always participated in the optional dividend realizes an IRR of 13,8% on the date of publication of the Q2’21 results (over 14 years). 57
Slide 58: Organizational Structure
Organizational Structure Montea Management NV Montea NV Montea Nederland NV SFG BV Blue Gate Antwerp Invest NV Montea Services NV GTE 1 NV Montea SA (Branch Office) Europand Eindhoven BV MM1 SCI Montea Tiel NV APJ SCI Montea ’s Heerenberg NV Socrate SCI Montea Beuningen NV Sevigne SCI Montea Oss NV
Slide 59: Contact details
BELGIUM (HQ) FRANCE NETHERLANDS GERMANY Industriezone III Zuid EnTrada In coop. with Industrielaan 27 Box 6 18-20 Place de la Madeleine Ellen Pankhurststraat 1c IMPEC Real Estate Gmbh 9320 Aalst 75008 Paris 5032 MD Tilburg +32 (0) 53 82 62 62 +33 (0) 1 83 22 25 00 +31 (0) 88 2053 888 +49 (0) 6205 10