Slide 1: Corporate presentation Q4 2021
Corporate presentation Q4 2021 10/02/2022
Slide 2: Highlights 2021 Track '24 ESG Appendix
Highlights 2021 Track ‘24 ESG Appendix
Slide 3: Highlights 2021
Highlights Highlights Q32021 2021 Highlights 2021 EPRA result of € 3,75 per share Target: € 3,74 per share START 01/01/2021 Track'24 800 M€ Track'24 on 31/12/2021 200 M€ (growth of 7% compared to 2020) (initial target: € 3,68 per share of +5%) 800 M€ Invested 173 M€ In execution 160 M€ Identifie
Slide 4: Highlights 2021
Highlights Highlights Q32021 2021 Highlights 2021 This identified investment volume of € 333 million consists of a mix of: 40% of (in 2021 delivered & in execution at the end of 2021) development and expansion projects 40% of (in 2021 acquired & to be completed early 2022) standing investments
Slide 5: Highlights 2021: Main logistic hotspots
Highlights 2021 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
Slide 6: Highlights 2021: Overview of fair value portfolio
Highlights 2021 Overview of FV Portfolio (€ M) 1.698 42 € 1.548 M € 79 M Yearly rent Standing investments @100% occupancy Belgium France The Netherlands Germany 646 521 € 111 M €9M Developments Future rental income 423 210 213 326 174 201 € 35 M Solar panels €5M Income solar panels 139 134 176 109 €
Slide 7: Highlights 2021: Sites by country
Highlights 2021 Lille Antwerp Hamburg Berlin Ghent Paris Berlin Brussels Liège Cologne Leipzig Amsterdam Düsseldorf Charleroi Rotterdam Lyon Frankfurt Tilburg Marseille Main Logistic hotspots Munich Montea sites Current yield % of total Country # sites SQM (‘000) Fair Value Yearly Rent Occupancy @ 1
Slide 8: Strong portfolio KPIs
Highlights 2021 Strong portfolio KPI’s Continuous arbitration of portfolio Portfolio roll forward (in billion €) (e.g. € 100 M disposals in the last 7 years) Leading to exceptional portfolio KPI’s 7,3y 8,9y 99,7% Residual lease Average portfolio Occupancy rate term age 5,1% Current yield (at 100% oc
Slide 9: Occupancy rate & rental activity
Highlights 2021 Occupancy rate & rental activity Occupancy rate (%) Portfolio Management 99,7% 2021 2022 99,3% 99,4% 99,1% 98% 9% 98,1% of rental income of the YE 2021 current with a break or rent has a break or contract end in contract end in 2022, 2021, has been representing 96,5% 96,6% extended o
Slide 10: High qualitative client portfolio
Highlights 2021 High qualitative client portfolio Logistics type Type of Sector Multimodality Low risk profile 9% 10% 10% 39% 47% 58% 35% 19% 53% 3% 8% 9% Food & Beverage Retail Construction/Industry Brand Logistics (end user) Network Logistics (distribution) Automotive Pharma & Medical Other Yes No
Slide 11: High qualitative client portfolio: top clients
Highlights 2021 High qualitative client portfolio Top 10 of clients represent 30% of the rental income of 2021 Top 20 of clients represent 47% of the rental income of 2021 72% of sites are single tenant 4,5% 3,7% 3,5% 3,0% 2,8% 2,7% 2,7% 2,6% 2,4% 2,4% 11
Slide 12: Investments realised in 2021: Germany
Investments realised in 2021 1 2 Hamburg Berlin 2 Leipzig Mannheim (DE) - Acquisition Q3 2021 Düsseldorf Leverkusen (DE) – Acquisition Q4 2021 Acquisition of an 83.000 m² grey field site in Q3, with 1 Montea has signed a sale and lease back deal in Q3 for a development potential at a strategic locat
Slide 13: Investments realised in 2021: Belgium
Investments realised in 2021 1 2 Antwerp Port of Zeebrugge (Port + Airport) Antwerp Port of Ghent Ghent 2 Brussels 1 Liège Tongeren (BE) – Acquisition Q4 2021 Ghent (BE) – Acquisition Q4 2021 Charleroi Montea reached in Q4 2021 an agreement with Expologic New structural partnership with Cordeel for
Slide 14: Investments realised in 2021
Investments realised in 2021 1 2 Antwerp Port of Zeebrugge (Port + Airport) 1 Antwerp Port of Ghent Ghent Circular and climate-neutral Blue Gate 2 Willebroek (BE) – Delivery Q4 2021 industrial estate in Antwerp (BE) – Delivery Brussels Liège In Q2 2021, Montea started the expansion and construction
Slide 15: Investments realised in 2021: Brussels
Investments realised in 2021 Antwerp Port of Zeebrugge (Port + Airport) Antwerp Port of Ghent Ghent Brussels Brussels (BE) – Acquisition Q2 2021 Liège 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. Charleroi Montea and DSV
Slide 16: Investments realised in 2021: Netherlands
Investments realised in 2021 1 2 1 Schiphol Airport (NL) – Delivery Q1 2 Ridderkerk (NL) – Acquisition Q2 2021 Parking Montea and VDH Forwarding & Warehousing B.V. Have signed a purchase agreement for a distribution centre of ca. Montea has acquired a plot of land of ca. 4.400m² in Q4 6.750 m² in Ri
Slide 17: Strong balance sheet
Investments realised in 2021 Strong balance sheet Shooting Debt ratio (%) capacity: > € 640 M 56,4% 55,8% 52,8% 52,1% 51,9% 51,3% 51,6% 51,3% 50,1% 49,9% towards 55% 38,6% 47,6% 39,4% 38,6% 38,0% 31/12/2021 (without taking into account further portfolio revaluation) 17
Slide 18: Financial KPI's
Financial KPI’s Financial KPI’s EPRA Cost Ratio & EPRA NIY NET DEBT / EBITDA & ICR 12,0 8,0 14,50% 13,3% 6,7 7,0 10,0 6,2 12,3% 5,5 6,0 11,7% 8,0 4,5 5,0 9,3% 9,50% 6,0 3,5 4,0 8,3% 8,8% 3,0 8,2 3,0 6,6% 4,0 7,4 6,5% 6,4% 7,2 6,0% 8,7 9,9 10,2 2,0 5,5% 2,0 4,9% 1,0 4,50% 0,0 0,0 2016 2017 2018 2019
Slide 19: Financing in 2021
Financing in 2021 Well diversified long term financing (impact of € 235 M Green Bonds included) Financing sources Maturity (y) Maturity creditlines & bonds 120,00 100,00 34% 5,7 80,00 5,6 60,00 66% 40,00 < 1% 20,00 0,00 MATURITY MATURITY '22 '23 '24 '25 '26 '27 '28 '29 '30 '31 '32 '33 '34 '35 '36 BA
Slide 20: Green Bonds Issuance
Financing in 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 t
Slide 21: EPS & DPS
EPS & DPS Evolution of EPRA result per share & Dividend per share (€) 3,75 3,28 3,50 2,95 3,03 2,83 2,58 2,47 2,54 2,29 2,26 2,11 2,17 2,03 + 7% 2015 2016 (*) 2017 (*) 2018 (*) 2019 (*) 2020 (*) 2021 (*)(**) (*) As of 2016: EPRA result per share instead of Net Current Result (**) DPS subject to Gene
Slide 22: Highlights 2021 Track'24 ESG Appendix
Highlights 2021 Track’24 ESG Appendix 22
Slide 23: Track'24
Track’24 EPS growth to € 4,30 in 2024 2020 2024 ( > 20% increase compared to 2020) € 3,50 EPRA earnings/share € 4,30 DPS growth to € 3,45 in 2024 ( > 20% increase compared to 2020) € 2,83 Dividend/share € 3,45 Investment volume growth of over € 800 million in 4 years Since the beginning of 2
Slide 24: Acquired landbank
Acquired landbank TOTAL LANDBANK 2,0 mio m² Market value Market value/m² ACQUIRED LANDBANK 1,5 mio m² of of € 260 mio 182€/m² UNDER CONTROL 0,5 mio m² 68% yielding 100% situated in logistic & industrial zonings @ 4% Future development potential > 1,0 mio m² Extension potential of current portf
Slide 25: Investments realised in 2022
Investments realised in 2022 1 2 Amsterdam (Port + Airport) 2 Rotterdam ‘s Hertogenbosch & Zwolle (NL) (Port + Airport) Rotterdam 1 Montea has concluded an agreement with Urban Industrial for the acquisition of two buildings in ‘s Hertogenbosch and Zwolle, both currently leased to Tilburg PostNL. Po
Slide 26: Investments realised in 2022
Investments realised in 2022 1 2 2 1 Tilburg (NL) GVT portfolio (NL) At the start of 2022, Montea and a private investor have Montea has bought three new-build projects in the reached an agreement on the purchase of the logistics building Netherlands, which GVT Transport & Logistics will lease for i
Slide 27: Projects in execution
Projects in execution 1 2 Tiel (NL) 1 Etten-Leur (NL) In September 2018, Montea acquired a site with a total area 2 The acquired land “Vosdonk” has been prepared for of 47,9 ha in Tiel, where in Q3 Montea has started building construction of a build-to-suit project of ca. 26.500 m². a 9.700 m² recyc
Slide 28: Projects in execution
Projects in execution Amsterdam (Port + Airport) Rotterdam (Port + Airport) Rotterdam Tilburg Waddinxveen – phase 1 (NL) Port of Zeeland Acquisition of plot of land (120.000 m²) in Q3 2020 on a strategic location between Rotterdam & Amsterdam (near motorway A12). In a first phase, 50.000 m² will be
Slide 29: Projects in execution
Projects in execution 1 2 Antwerp Port of Zeebrugge (Port + Airport) Port of Ghent 1 Antwerp Ghent Blue Gate, Antwerp (BE) 2 Brussels Liège Tongeren (BE) Montea is developing an 8.438 m² sustainable delivery station at Blue Gate Antwerp. This development is fully pre-let for a Charleroi Montea acqui
Slide 30: Projects in execution: solar panels
Projects in execution Solar panels in The Netherlands Solar panels in France 61% 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. solar panels. Montea aims to increase this The inst
Slide 31: Outlook 2022
Outlook 2022 Evolution of EPRA result per share & Dividend per share (€) 4,30 3,95 3,75 3,45 3,50 3,28 3,18 2,95 3,03 2,83 2,47 2,58 2,54 2,26 2,11 2,17 + 5% 2016 (*) 2017 (*) 2018 (*) 2019 (*) 2020 (*) 2021 (*)(**) 2022 E 2024 E (*) As of 2016: EPRA result per share instead of Net Current Result (*
Slide 32: Highlights 2021 Track'24 ESG Appendix
Highlights 2021 Track’24 ESG Appendix 32
Slide 33: Publication ESG report 2021
15-04-2022 Publication ESG report 2021 33
Slide 34: Environmental, Social & Governance (ESG)
Environmental, Social & Governance (ESG) Environmental Greenhouse gas emissions – reduce Montea’s direct and indirect CO2 footprint Own operations reduce CO2 emissions by 50% by the end of 2024 & full CO2 neutrality without compensation by 2030 Buildings reduce CO2 emissions by 20% by the end
Slide 35: Environmental, Social & Governance (ESG): 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 36: Long term dedication
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 37: Montea has completed a 10,600 m² delivery station for Amazon
Montea has completed a 10,600 m² delivery station for Amazon in the Schiphol Logistics Park. Packages will be shipped to the delivery station from Amazon existing European fulfilment and sortation centers and “We are delighted that we can help a market loaded onto electrical vehicles leader such as
Slide 38: Montea invests in multimodal urban logistics with Port of Brussels
Montea invests in multimodal urban logistics and signed an agreement with Port of Brussels for a site of ca. 35,000 m², immediately adjacent to the Trimodal Terminal in Brussels. Besides the approach road to the centre of Brussels, this site boasts exceptional multimodal possibilities for rail and c
Slide 39: 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! Str
Slide 40: Vosdonk brownfield in Etten-Leur
In 2019 Montea signed the purchase agreement for a 37,520 m² brownfield at the Vosdonk Industrial Estate in Etten-Leur. This site has been completely remediated and the environmental permit is irrevocably. On this site Montea started with the realization of a new distribution centre of ca. 26,500 m²
Slide 41: Environmental, Social & Governance (ESG): Our organization
Environmental, Social & Governance (ESG) Awareness training program 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 41
Slide 42: 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 43: Sharing expertise with partners
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. Awareness training programm Montea is a regular guest Well-being of all Charity employees speake
Slide 44: Employee health
Montea does its upmost to improve the health of its employees. That is why the employees are encouraged to take part in sports events (e.g. De Kampenhoeve Trail Run, Immorun). Trail Run Awareness training programm Well-being of all Charity employees Team events & Personal growth teambuildings of all
Slide 45: Environmental, Social & Governance (ESG)
Environmental, Social & Governance (ESG) Corporate structure Corporate Governance Articles of Board of association Directors 45
Slide 46: 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 47: Seniority – real estate experience
Environmental, Social & Governance (ESG) Seniority – Real estate experience (average in years) Employees Management Board of Directors TOTAL 25 25 25 25 21 19 20 20 20 20 15 15 15 15 12 10 10 10 10 8 8 6 4 5 5 5 5 5 0 0 0 0 Seniority Real estate experience Seniority Real estate experience Seniority
Slide 48: 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) 59 yr 1 share Barbara De Saedeleer (NED) 4 out of 7 are Montea
Slide 49: Board member profiles
Environmental, Social & Governance (ESG) Dirk De Pauw Jo De Wolf Peter Snoeck Sophie Maes Philippe Mathieu Barbara De Saedeleer Koen Van Gerven Chairman of the Executive Director Non-executive Non-executive Non-executive Non-executive Non-executive Board CEO Director Director Director Director Direc
Slide 50: Articles of association
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 51: Our ambition: 4 UN Sustainability Development Goals
Environmental, Social & Governance (ESG) Our ambition is channeled through 4 UN Sustainability Development Goals Framework 51
Slide 52: ESG international ratings
Environmental, Social & Governance (ESG) ESG international ratings Rating Latest scores Evolution 2021 BRONZE SILVER Silver Award Hi gh a dherence to s BPR. Score between 70% & 85% 2020 2021 2021 32% 69% Green Star wi th a s core of 69% 2020 2021 52
Slide 53: Highlights 2021 Track'24 ESG Appendix
Highlights 2021 Track’24 ESG Appendix 53
Slide 54: About Montea
About Montea 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, The Netherlands and Germany (“Montea” or the “Company”). The company is a leading player in this mark
Slide 55: About Montea
About Montea 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 d
Slide 56: About Montea
About Montea Montea literally offers its clients space to grow, through flexible and innovative real estate solutions. That is why Montea maintains an extensive network of estate agents, landowners, property developers and contractors. Montea converts its market knowledge into high-quality real
Slide 57: About Montea: key concepts
About Montea Montea acts in accordance with the following key concepts: WAREHOUSING PURE PLAYER ▪ Land value has a higher share in the total value ▪ Ambition to be best in class through than in other asset classes specialisation (Logistics, Real estate & Finance) ▪ Life cycle of warehousing ▪ Am
Slide 58: About Montea: shareholder base
About Montea Shareholder base (based on transparency notifications) Montea is the result of Pierre De Pauw’s 62% lifework, who has been one of the Belgian pioneers in logistic real estate since the late 1960s 4% The IPO of Montea in 2006 was the start 6% 5% 13% of a strong growth path 4% 6% Fami
Slide 59: About Montea: IPO shareholder IRR
About Montea A shareholder, who invested at the IPO (2006) and 62,60 always participated in the optional dividend realizes an IRR of 14,4% per 31/12/2021 (over 14 years). 59
Slide 60: Organizational Structure
About Montea Organizational Structure Montea Management NV Montea NV Europand Eindhoven B.V. Montea Nederland N.V. SCI MM1 Montea Tiel N.V. Montea SA (Branch Office) SCI APJ Montea ‘s Heerenberg N.V. SFG B.V. SCI Socrate Blue Gate Antwerp Invest NV Montea Beuningen N.V. SCI Sévigné Montea Services B
Slide 61: Forward-looking statements
This presentation contains forward-looking statements. Such forward-looking statements involve unknown risks, uncertainties and other factors which may cause the actual results, financial conditions, performance or achievements of the company to be materially different from any future results, perfo