Slide 1: Investor Presentation Half-year results 2023
INVESTOR PRESENTATION Half-year results 2023
Slide 2: Table of Contents
TABLE OF CONTENTS CHAPTER 01 Highlights 2023 CHAPTER 02 Activity Report CHAPTER 03 Key financials & Funding CHAPTER 04 Conclusion
Slide 3: Slide 3
Slide 4: Highlights
HIGHLIGHTS 1. 2023
Slide 5: What Nextensa has achieved in H1 2023
CHA. 01 – HIGHLIGHTS 2023 WHAT NEXTENSA HAS ACHIEVED IN H1 2023 Strong investment Net result portfolio Sale Treesquare amounts to €17.1M rental income capital gain of €2M or €1.71 per share increasing with at a yield of 4.23% €1.9M and 13% l-f-l Upgrading of Active financial investment portfolio Inn
Slide 6: Nextensa stands for
CHA. 01 – HIGHLIGHTS 2023 NEXTENSA STANDS FOR Unlocking the Toward a more hidden values sustainable future Building the future and reshaping cities Luxembourg is key Austria retail
Slide 7: Activity Report
Activity 2. Report
Slide 8: Building the future and reshaping cities
BUILDING THE FUTURE AND RESHAPING CITIES
Slide 9: Tour & Taxis
CHA. 02 – Activity report TOUR & TAXIS 5-minutes neighbourhood Excellence in sustainability Mix-city of functions : work, shop, live, do , relax A place you prefer
Slide 10: Pioneer in repurposing our way of living, working, meeting, relaxing & shopping
PARKLANE HERMAN GARE MAISON BRUSSELS TEIRLINCK MARITIME DE LA SHEDS ROYAL ENVIRONMEN POSTE DEPOT T HOTEL DES DOUANES Pioneer in repurposing our way of living, working, meeting, relaxing & shopping
Slide 11: A place for qualitative shopping
CHA. 02 – Activity report A place for Gare Maritime : qualitative new leases were signed shopping Retail occupancy • Fitness centre Fyzix (720 sqm) • AXL Green (275 sqm) 74 % 74% • • Silence Mobility (127 sqm) ACM Insurance (254 sqm) • The bookstore Slumberland BD World (400 sqm) • La Galerie Marcha
Slide 12: Gare Maritime & Royal Depot: new leases signed
CHA. 02 – Activity report Gare Maritime & Royal Depot : A high-impact new leases were signed workplace Office occupancy • Real estate agent Dewaele (319 sqm) • • Febelgen (263 sqm) Sony Music Belgium (558 sqm) 90,51 % • Eyes-Screen (297 sqm) 74% • 87 Seconds (462 sqm) Moreover • Some significant lea
Slide 13: A place to meet and enjoy
CHA. 02 – Activity report A place to Gare Maritime & Sheds : meet and enjoy Temporary and permanent events Higher • Major events such as Sculptura, the Affordable Art Fair, the World Padel Tour and Antica took occupancy place of event spaces • Sheds : permanent occupation by signing lease agreements
Slide 14: Food Market
CHA. 02 – Activity report Food Market • 10 concepts and unique bar experience in an iconic Number of visitors location , the Gare Maritime • Culinary experience and activities and events of all 1,500/day types • Total revenue : 3,1 million
Slide 15: Nextoffices Hôtel des Douanes
CHA. 02 – Activity report Nextoffices By Nextensa • The commercialisation of this building is Hôtel des Douanes ongoing 6,433 sqm • This multi-or single-tenant building will soon accommodate 6,500 sqm of offices and meeting rooms and will once again become a paragon of sustainability • The individua
Slide 16: High-quality housing: Park Lane II
CHA. 02 – Activity report High-quality housing • The Sales of the second phase of the Park Park Lane II Lane project continue to run smoothly • By the end of Q2, more than 175 flats had 346 units already been reserved or sold
Slide 17: Masterplan
Concerts GHARS HBOSSS20e8000n:
Slide 18: Urban transformation: Lake Side
CHA. 02 – Activity report Urban transformation • The Lake Side project, the final phase of the urban transformation on the Tour & Taxis site Lake Side • Nextensa submitted the permit at the end of Q1 2023 140,000 sqm • Development of some 140,000 sqm, with a largely residential programme, good for a
Slide 19: Cloche d'Or
CHA. 02 – Activity report CLOCHE D’OR A new urban district in Luxembourg City Mix-city of functions : work, shop, live, do , relax A place you prefer
Slide 20: Cloche d'Or – Offices
CHA. 02 – Activity report Cloche d’Or – Offices There is also strong interest from a number of prospective tenants who would like to move into a project yet to be developed on the remaining land of the Ilôt E at Cloche d’Or. Some new office buildings are currently under study • The Emerald (7,000 sq
Slide 21: Cloche d'Or - Residential developments
CHA. 02 – Activity report Cloche d’Or - Residential developments • Construction work continues on the Ilôt D5-D10 subproject, where 78 apartments have now also been reserved or sold out of a total of 185 • 37 apartments have been sold in 2023 D- 10 D -5 D- Nord D - Sud • Subproject Ilôt D-Nord : qua
Slide 22: Unlocking the hidden values and strengthening the balance
UNLOCKING THE HIDDEN VALUES AND STRENGTHENING THE BALANCE
Slide 23: Treesquare sale
CHA. 02 – Activity report Treesquare Capital gain • Sold to the German KGAL Investment Management for a net price of €43.7 million 2M (yield of 4,23% on current rent) • Fits within the strategy of reducing the debt position through targeted divestments within the portfolio, realising latent capital
Slide 24: Monterey 18-20
CHA. 02 – Activity report Monterey 18 -20 • Acquisition of the building Monterey 18, neighbour of New Nextensa's Monterey 20 office building Sustainable • The current tenant CVC will vacate the Monterey 20 Office building at the end of Q2 2024 74% • Both buildings will be redeveloped into one new su
Slide 25: Moonar redevelopment
CHA. 02 – Activity report Redevelopment in order Work & Fly to create higher rental values • 5 buildings Moonar • Buildings 'B' (3,620 m²) and 'D' (3,546 m²) fully 22,000 sqm renovated • Works on building 'A' are ongoing. 'Buildings 'C’ and 'E' are about to start • 66% of the available area (about 2
Slide 26: What's new: Knauf Schmiede
CHA. 02 – Activity report Knauf Schmiede • 30/8 Opening of the new catering concept Grand Café What’s and a Food Village : focus on quality and sustainable products New • Additional rental income resulting from the extension of about 8,500 sqm
Slide 27: What's new: Knauf Pommerloch
CHA. 02 – Activity report Knauf Pommerloch What’s • Brands SoClothes, Distrikt and a Slumberland bookstore will open in the coming months New • 8 new Chargy charging points were made available to visitors
Slide 28: Hygge
CHA. 02 – Activity report Hygge • Montimmo was renamed 'Hygge', inspired by the Danish concept that stands for a sense of well-being Rental potential based on comfort and cosiness • Returned to the market with a new identity after a 1M € short period of renovation and upgrading : 1,600 sqm spread ov
Slide 29: Toward a more sustainable future
TOWARD A MORE SUSTAINABLE FUTURE
Slide 30: Renewable energy and charging infrastructure
CHA. 02 – Activity report • Renewable energy in the investment portfolio : 663 solar panels responsible for 271 kWp of generated electricity Places Visoliekade, Tour & Taxis, Belgium 576 panels 236 kWp you prefer Koninklijk Belgium Pakhuis, Tour & Taxis, 87 panels 35kWp • Renewable energy in the dev
Slide 31: Places you prefer
CHA. 02 – Activity report Places you prefer Climate-adaptive • Soft mobility gets the upper hand : at Tour & Taxis, the buildings main entrance was closed to motorised transport to make the site even safer and car-free Sustainable communities • Biodiverse and pleasant recreational space : at Tour &
Slide 32: Austria Retail
AUSTRIA RETAIL nextensa-:
Slide 33: Austria retail parks
CHA. 02 – Activity report • Renovation of retail park Vösendorf 16 is currently 5 Retail parks ongoing. The first phase has been completed and re- occupied by shoe retailer Pitarello. Half Price (2,547 sqm) and Tchibo (433 sqm), Farbenpartner ,Matratzen Concord (342 sqm) Occupancy rate • Conrad will
Slide 34: Key Financials
KEY 3. FINANCIALS
Slide 35: Key Performance Indicators
CHA. 03 – Key Financials KEY PERFORMANCE INDICATORS
Slide 36: Key Performance Indicators
CHA. 03 – Key Financials KEY PERFORMANCE INDICATORS The NAV per 30 June 2023 amounts to 83,07 EUR/share while the spot rate per mid-August 2023 amounts to 46 EUR/share. This means a discount of 44 % compared to the NAV.
Slide 37: KPIs of our investment portfolio
CHA. 03 – KPI’s of our investment portfolio Fair value of portfolio decreased from € 1,28 billion to € 1,27 billion Rental income up by € 1,9 M: - + € 4,3 M like for like rental growth - - € 2,3 M due to sale of buildings - Like-for-like rental growth of 13% Property charges down by 9% Realized gain
Slide 38: Other KPIs: development activities result
CHA. 03 – Other KPI’s Result of development activities (+ € 9,6 M) • Tour & Taxis (€ 1,7 M): profit recognized on Parklane Phase I and Phase II. • Cloche d'Or (€ 7,9 M) main sub projects contributing to the result of 2023: • White House – office building for which the construction started in Q2 2022
Slide 39: Funding
CHA. 03 – K E Y F I N A N C I A L S FUNDING Net financial position of € 760,3 M at the end of June 2023 compared to € 721,5 M at the end of 2022. Financial debt ratio is 44,09% (42,56% per 31/12/2022), after the dividend distribution in May 2023 The hedge ratio amounts to 71% The headroom amounts to
Slide 40: Consolidated income statement
CHA. 03 – K E Y F I N A N C I A L S CONSOLIDATED INCOME STATEMENT
Slide 41: Consolidated balance sheet
CHA. 03 – K E Y F I N A N C I A L S CONSOLIDATED BALANCE SHEET
Slide 42: Where we are: the translation of our futuristic vision
CHA. 01 – HIGHLIGHTS 2022 Where we are : the translation of our futuristic vision INVESTMENTS PROJECT DEVELOPMENT PARTICIPATION Number of IN CONSTRUCTION PERMITS ACQUIRED IN STUDY Retail Estates 30 buildings 1 351 320 Residential m2 shares 449 321 Value 36 520 19 089 N/A 32 401 93 000 12 000 €86,7 m
Slide 43: Conclusion
CONCLUSION 4.
Slide 44: To summarize
TO SUMMARIZE Increase of rental income due to better performance of events T&T, indexation and decreasing vacancies in Luxemburg Moonar becomes a successful (re)-development, proving that sustainability is in the DNA of Nextensa Sales of residential on T&T is in line with expectations while Luxembur
Slide 45: Investor Relations
INVESTOR RELATIONS CONTACT MICHEL VAN GEYTE CHIEF EXECUTIVE OFFICER +32 2 882 10 05 investor.relations@nextensa.eu nextensa- PLACES Ha: Gare Maritime Picardstraat 11 box 505 BE-1000 Brussels +32 2 882 10 00 info@nextensa.eu www.nextensa.eu RPR: 0436.323.915 (Brussesl) ISIN code BEO003770840 LEI 5493