Slide 1: Annual results 2021
Annual results 2021 Brussels, 23 February 2022 -1-
Slide 2: Table of content
Table of content 3 Highlights FY 2021 7 Strategy 14 Achievements 17 Portfolio analysis 54 Financials 68 Shares & shareholders 77 Outlook 80 Conclusion -2-
Slide 3: Highlights FY 2021
Highlights FY 2021 Villa Temporis -3- Hasselt – Belgium
Slide 4: Highlights FY 2021
Highlights FY 2021 €151.5 million 8 €767 million 42.6% +30% YoY countries Committed Debt-to-assets EPRA Earnings investment programme ratio construction & renovation €232.1 million 587 41 €330 million +24% YoY, +1.9% L-F-L Healthcare sites Projects completed raised on capital markets Rental income (
Slide 5: Investment activity
Investment activity New acquisitions & pipeline completions1 €56 million €110 million €95 million 100 healthcare sites €63 million (~ €943.5 million) added or announced €179 million during 2021 (see map) €356 million €84 million 41 projects (~ €289 million) completed during 2021 1 See 2021 Annual pr
Slide 6: Portfolio outlook: total portfolio outlook €5.5 billion
Portfolio outlook Total portfolio outlook: €5.5 billion €m +767 767 5.476 5,476 5.500 5.000 4.744 4,744 -35 -35 4.500 4.000 3.500 3.000 2.500 2.000 1.500 1.000 500 0 1 Incl. rights of use of plots of land and Marketable investment properties 1 Assets classified as held for sale Committed investment
Slide 7: Strategy
Strategy Koy Oulun Valjastie (Hintta) -7- Oulu – Finland
Slide 8: Aedifica at a glance
Aedifica at a glance Pure-play Growth potential Market reference LT cash flows at healthcare Driven by demographic in European listed interesting yields evolution healthcare real estate €4.9 billion Diversification Belgian REIT Inflation-linked Marketable investment 8 European countries (RREC/SIR/GV
Slide 9: Exploring European markets
Exploring European markets Track record of entering new markets & rapidly creating a platform for future growth 2013 – 2016 – 2019 – 2020 – 2021 – Ireland Germany Netherlands United Finland & 1st investment in Feb 2021: €25m Current portfolio: €92m (9 assets) 1st investment in 1st investment in King
Slide 10: Demographic evolution
Demographic evolution Ageing in Belgium Ageing in Germany 40% 40% 35% 35% 30% 30% 65 + 65 + 25% 25% 70 + 70 + 20% 20% 75 + 75 + 15% 15% 80 + 80 + 10% 85 + 10% 85 + 5% 5% 0% 0% 2020 2030 2040 2050 2060 2070 2080 2020 2030 2040 2050 2060 2070 2080 Source: Eurostat, 2021 Source: Eurostat, 2021 Ageing i
Slide 11: Demographic evolution
Demographic evolution Ageing in Finland Ageing in Sweden 40% 40% 35% 35% 30% 30% 65 + 65 + 25% 25% 70 + 70 + 20% 20% 75 + 75 + 15% 15% 80 + 80 + 10% 85 + 10% 85 + 5% 5% 0% 0% 2020 2030 2040 2050 2060 2070 2080 2020 2030 2040 2050 2060 2070 2080 Source: Eurostat, 2021 Source: Eurostat, 2021 Ageing in
Slide 12: Sustainability
Sustainability Award and CSR Benchmarks 2021 2020 2019 2018 Improvement of EPRA sBPR Gold Gold Silver + Most - Improved Sustainability scores GRESB 66 ** 57* - - Sustainalytics Risk Rating Low (11.9) Low (17.8) - - MSCI BBB BB BB B New Charter for Responsible Great Place To Work Suppliers relations
Slide 13: Sustainability
Sustainability Strategy • Commitment to the Paris Agreement to achieve net zero GHG emissions for our entire portfolio by 2050: focus on lifecycle assessment of our properties • Focus on stakeholders engagement, creating a platform to share knowledge, promoting green awareness & foster quality of ca
Slide 14: Achievements
Achievements Die Rose im Kalletal -14- Kalletal - Germany
Slide 15: Achievements: investment properties evolution since 2006
Achievements Investment properties1 EVOLUTION SINCE 2006 €m 6.000 CAGR: 24 % 5.476 (as of 31 December 2021) 5.500 4.896 5.000 4.500 4.000 3.815 3.500 3.000 2.636 2.500 1.964 2.000 1.661 1.456 1.500 971 1.065 1.000 728 566 619 356 360 453 500 198 302 0 1 Investment properties incl. rights of use on D
Slide 16: Achievements: focus on Europe
Achievements Focus on Europe GEOGRAPHICAL BREAKDOWN (FAIR VALUE)1 1 2 100% 2 3 5 9 2 12 12 13 15 2 18 18 17 14 80% 17 23 14 12 12 60% 17 16 17 18 100 95 88 86 40% 77 18 70 23 26 20% 45 26 24 32 1 0% 1 Marketable investment properties incl. assets classified as held for sale (€4,686 m), excl. Belgium
Slide 17: Portfolio analysis
Portfolio analysis Villa Nuova -17- Vorden - Netherlands
Slide 18: Healthcare real estate portfolio: segment breakdown
Healthcare real estate portfolio Healthcare segment breakdown FOCUS ON CARE FACILITIES FOR ELDERLY PEOPLE Elderly care homes 7% 7% Senior housing Mixed-use elderly care 17% Elderly care homes buildings Senior housing 65% Child day-careelderly Mixed-use centres 4% care buildings Child day-care centre
Slide 19: Healthcare real estate portfolio: geographical breakdown
Healthcare real estate portfolio Geographical breakdown DIVERSIFICATION AMONG EUROPEAN COUNTRIES 2% 2% um 26% 18% many erlands ed Kingdom Belgium Germany nd 18% Netherlands den 23% United Kingdom Finland nd 12% Sweden Marketable investment properties incl. assets classified as held for Ireland sale
Slide 20: Belgian healthcare portfolio
Belgian healthcare portfolio PORTFOLIO OF 83 ASSETS BELGIUM Very mature healthcare real €1,213 m ~8,600 5.3% 22 years estate market Portfolio Residents Yield on WAULT Fair Value Fair Value Elderly care: highly consolidated profit segment 11 19 ~€1,287 m Inflation- projects Tenant Portfolio outlook l
Slide 21: Belgian healthcare portfolio
Belgian healthcare portfolio Marketable investment properties Projects in the investment program -21-
Slide 22: Belgian healthcare portfolio
Belgian healthcare portfolio Klein Veldekens, Geel - 132 units Le Douaire, Anderlues - 129 units Jardin Intérieur, Frasnes-lez-Anvaing - 101 units Sorgvliet, Linter - 83 units -22-
Slide 23: German healthcare portfolio
German healthcare portfolio PORTFOLIO OF 101 ASSETS Germany €1,058 m ~10,300 5.2% 23 years Growth potential Portfolio Residents Yield on WAULT due to ageing of Fair Value Fair Value German population 29 21 ~€1,409 m Inflation- projects Tenant Portfolio outlook Elderly care: market linked consolidati
Slide 24: German healthcare portfolio
German healthcare portfolio Marketable investment properties Projects or acquisitions subject to outstanding conditions in the -24- investment program
Slide 25: German healthcare portfolio
German healthcare portfolio Seniorenquartier Weyhe, Weyhe - 109 units Seniorenzentrum Alte Zwirnerei, Gersdorf - 104 units Seniorenzentrum Hildegardis, Langenbach - 196 units Seniorenquartier Bremen, Bremen - 109 units -25-
Slide 26: Dutch healthcare portfolio
Dutch healthcare portfolio PORTFOLIO OF 72 ASSETS Netherlands €564 m ~3,300 5.5% 18 years Healthcare real Portfolio Residents Yield on WAULT estate market Fair Value Fair Value becoming more competitive and liquid 16 23 ~€639 m Inflation- Operators: projects Tenant Portfolio outlook linked predomina
Slide 27: Dutch healthcare portfolio
Dutch healthcare portfolio Marketable investment properties Projects in the investment program -27-
Slide 28: Dutch healthcare portfolio
Dutch healthcare portfolio Zorgresidentie Tiel, Tiel - 38 units Martha Flora Rotterdam, Rotterdam - 29 units Pachterserf, Apeldoorn - 48 units Verpleegcentrum Scheemda, Scheemda - 36 units -28-
Slide 29: UK healthcare portfolio
UK healthcare portfolio PORTFOLIO OF 102 ASSETS United Kingdom Fragmented care home €822 m ~6,700 6.4% 22 years market Portfolio Residents Yield on WAULT Fair Value Fair Value Huge development and growth potential due to outdated social 9 15 ~€881 m Inflation- infrastructure projects Tenant Portfoli
Slide 30: UK healthcare portfolio
UK healthcare portfolio Marketable investment properties Projects in the investment program -30-
Slide 31: UK healthcare portfolio
UK healthcare portfolio Aylesbury Martin Dalby, Aylesbury - 61 units Abbot Care Home, Harlow - 117 units St Fillans, Colchester - 71 units Priesty Fields, Congleton - 78 units -31-
Slide 32: Finnish healthcare portfolio
Finnish healthcare portfolio PORTFOLIO OF 198 ASSETS Finland €860 m ~13,600 5.4% 12 years Strong long-term Portfolio Users Yield on WAULT growth potential: one of Fair Value Fair Value the fastest ageing populations in Europe 16 45 ~€932 m Inflation- ‘Nordic welfare state’ projects Tenant Portfolio
Slide 33: Finnish healthcare portfolio
Finnish healthcare portfolio Marketable investment properties Projects in the investment program -33-
Slide 34: Finnish healthcare portfolio
Finnish healthcare portfolio Jyväskylä Sulkulantie, Jyväskylä - 18 units Tampere Sisunaukio, Helsinki - 130 units Koy Espoon Matinkartanontie, Espoo - 537 units Koy Lohjan Sahapiha, Lohja - 110 units -34-
Slide 35: Swedish healthcare portfolio
Swedish healthcare portfolio PORTFOLIO OF 22 ASSETS Sweden €78 m ~700 5.0% 13 years Long-term growth Portfolio users Yield on WAULT potential, but very Fair Value Fair Value mature (domestic) market 3 12 ~€86 m Inflation- ‘Nordic welfare state’ projects Tenant Portfolio outlook linked to be groups a
Slide 36: Swedish healthcare portfolio
Swedish healthcare portfolio Marketable investment properties Projects in the investment program -36-
Slide 37: Swedish healthcare portfolio
Swedish healthcare portfolio Bälinge Lövsta 9:19, Uppsala - 12 units Upplands Väsby Havregatan AB (UNÄ), Upplands Väsby - 100 units LSS-boende Nyby, Laholm - 6 units Sunnersta 120:2 & 120:4 , Uppsala - 6 units -37-
Slide 38: Irish healthcare portfolio
Irish healthcare portfolio PORTFOLIO OF 9 ASSETS Ireland Strong market fundamentals supporting €92 m ~800 5.3% 24 years long-term investment Portfolio Users Yield on WAULT potential Fair Value Fair Value Highly fragmented care home market 6 3 ~€181m Inflation- Private operators take an projects Tena
Slide 39: Irish healthcare portfolio
Irish healthcare portfolio Marketable investment properties Projects in the investment program -39-
Slide 40: Irish healthcare portfolio
Irish healthcare portfolio Dublin Stepaside, Stepaside - 119 units Bunclody care home, Bunclody - 62 units Brídhaven, Mallow - 184 units Waterford care home, Waterford - 64 units -40-
Slide 41: Spanish healthcare portfolio
Spanish healthcare portfolio PARTNERSHIP WITH SPANISH OPERATOR Spain Strong market fundamentals supporting €75 m ~1,000 Approx. Inflation- long-term investment initial portfolio Users 5.5% linked potential ambition Initial Rental triple net long yield leases Fragmented care home market Up to 5 1 1 p
Slide 42: Healthcare real estate tenants
Healthcare real estate tenants Tenant diversification1 11% 587 sites with approx. 7% 250 tenants (or >140 ‘groups’) representing 6% European, national and 48% local profit and not-for- 5% profit operators 4% No ‘operator group’ 4% leases more than 11% of 4% Aedifica’s consolidated 4% assets 3% 4% 1
Slide 43: Healthcare real estate tenants
Healthcare real estate tenants Tenant diversification1 3% 7% Private - Profit Private - Non-profit Predominantly private operators Public 90% Growing public and non- profit segments among tenants 1 Based on the contractual rents. -43-
Slide 44: Elderly care sector regulations
Elderly care sector regulations BELGIUM GERMANY NETHERLANDS UK Regional Local municipality National National (Heimaufsicht) & Medical service of New home Risk- & event based Opening of a new statutory care insurers supervision/ event inspections home, then frequency (MDK) based / periodic of follow
Slide 45: Elderly care sector regulations
Elderly care sector regulations FINLAND SWEDEN IRELAND SPAIN National & National National Regional Regional (for early childhood education & care) Opening of new home Opening of a new Opening of new home Opening of new home / / periodic / event home / annual / event based / periodic / event based ba
Slide 46: Quality of care & Orpea France
Quality of care & Orpea France • Elderly care: highly regulated & controlled • Orpea represents 5% of Aedifica’s environment in Europe. contractual rent in Belgium (3%), Germany (1%) and The Netherlands • Quality of care: competence & responsibility (1%). of Health care authorities & operators: regu
Slide 47: Lease maturity & occupancy rate
Lease maturity & occupancy rate UNEXPIRED LEASE TERM 20 years 26% Weighted average unexpired lease term 74% 100 % Occupancy rate <15 years Marketable investment properties incl. assets classified as ≥15 years held for sale (€4,686 m), excl. rights of use of plots of land. -47-
Slide 48: WAULT by country
WAULT by country (Years) 30 25 24 22 23 22 Avg 20 years 20 18 15 13 10 12 5 0 Belgium Germany Netherlands United Kingdom Finland Sweden Ireland -48-
Slide 49: Age of buildings
Age of buildings >60% OF THE PORTFOLIO IS LESS THAN 15 YEARS OLD 10% 27% 0-5 years 6-10 years 11-15 years 36% > 15 years Project 18% Marketable investment properties incl. assets classified as held for sale (€4,686 m), excl. rights of use of plots of land. 9% Age profile based on a weighted average
Slide 50: Gross yields on fair value
Gross yields on fair value Conservative valuation yields 7 6 6.4 Avg 5.5 5.5 5.4 5 5.3 5.2 5.3 5.0 4 3 2 1 0 % Belgium Germany Netherlands United Kingdom Finland Sweden Ireland -50-
Slide 51: Prime yields
Prime yields Belgium Germany Netherlands United Kingdom Finland Sweden Ireland Spain 3.5% 3,5% 4.0% 4,0% 4.5% 4,5% 5.0% 5,0% 5.5% 5,5% Source: Company estimates 6,0% -51-
Slide 52: Committed development projects: pipeline €767 million
Committed development projects Pipeline: €767 million GEOGRAPHICAL SPLIT EXPECTED DELIVERY DATE €3m 0% €34m €8m €89m 4% €74m 1% 12% €187m 9% Belgium €187m 2022 Germany 24% €335m €100m Netherlands €335m 2023 13% United Kingdom 44% €66m €352m €211m Finland 2024 9% 46% Sweden €211m €75m Ireland 28% >20
Slide 53: Portfolio growth: development projects
Portfolio growth Development projects MT Espoo Kurttilantie (FI) Construction start: 2021 Seniorenquartier Langwedel – Expected completion: 2022 Langwedel (DE) Construction start: Q4 2021 Expected completion: Q4 2022 Waterford Carrigea Crescent – Waterford (IE) Construction start: Q4 2021 Expected c
Slide 54: Financials
Financials Seniorenzentrum Alte Zwirnerei -54- Gersdorf - Germany
Slide 55: Income Statement: EPRA Earnings
Income Statement EPRA Earnings EPRA EARNINGS YOY INCREASE OF 30% Consolidated incom e statem ent - analytical form at 31/12/2021 31/12/2020 31/12/2020 (x €1,000) (12 m onths - (18 m onths) restated period) Rental income 232,118 187,535 259,505 Rental-related charges -686 -2,753 -3,344 Net rental inc
Slide 56: Income Statement: Net result
Income Statement Net result EARNINGS PER SHARE: DRIVEN BY STRONG VALUATION INCREASE Consolidated incom e statem ent - analytical form at 31/12/2021 31/12/2020 31/12/2020 (x €1,000) (12 m onths - (18 m onths) restated period) EPRA Earnings* 151,479 116,168 162,718 Changes in fair value of financial a
Slide 57: Rental income
Rental income (€ m) 240 232.1 M +2.5 M +1.7 M +12.8 M 230 220 +8.2 M +5.8 M 210 +9.3 M 200 +4.3 M 187.6 M 190 180 170 24% 160 increase YoY 150 Rental Belgium Germany The United Finland Sweden Ireland Rental income 12 Netherlands Kingdom income 12 months months 2021 restated 2020 Change: +7.4 % +26.2
Slide 58: EPRA Earnings
EPRA Earnings (€ m) 180 +44.6 M 160 151.5 M 140 -2.8 M -3.9 M -2.0 M -0.4 M -0.2 M 116.2 M 120 100 80 60 40 30% 20 increase YoY EPRA Rental Operating Financial Tax EPRA Non- EPRA Earnings 12 income costs result earnings of controlling Earnings 12 months associates interests months restated December
Slide 59: Consolidated balance sheet (€ m)
Consolidated balance sheet (€ m) Balance sheet total: €5.16 billion 2,785 Equity Investment properties 2,173 (incl. assets classified €187m Liabilities included 4,896 as held for sale) in the debt ratio €335m Other assets included 3,815 Other liabilities 2,785 in debt ratio 2,6 Investment properties
Slide 60: Debt-to-assets ratio
Debt-to-assets ratio Financial policy: debt-to-assets ratio 56% 56% <50% 50% 50% €187m 44% 43% 42% 43% 41% 37% €335m Investment capacity: approx. €760 million before reaching 50% debt-to-assets ratio June June March June March June Oct Dec. June Dec 2017 2018 2019 2019 2020 2020 2020 2020 2021 2021
Slide 61: Debt-to-assets ratio
Debt-to-assets ratio €67m €100m €153m €219m €418m €207m €459m rights issue rights issue rights issue rights issue rights issue ABB rights issue Oct 2010 Dec 2012 June 2015 Mar 2017 May 2019 Apr 2020 Oct 2020 70% 6.000 60% 5.000 50% 4.000 40% €286m 3.000 30% ABB Over the past 12 years, Jun 2021 2.000
Slide 62: Credit facilities: total financial debt €2,087 m
Credit facilities Total financial debt: €2,087 m Investmentcredits Investment credits 5% 5% 13% 13% 49% bank Credit rating BBB with 4% Term Termloans loans stable outlook from S&P 4% facilities Revolving Revolvingloans loans 33% Global 33% USPP GBP Inaugural €500 million 24% USPP GBP 24% Sustainable
Slide 63: Credit facilities: liquidity and debt maturity profile
Credit facilities LIQUIDITY DEBT MATURITY PROFILE Financial debt Lines Utilisation of which 900 Weighted average (in € million)1 treasury 800 notes 700 debt maturity 600 31/12/2022 31/12/2023 389 371 319 166 276 - 500 (excl. CP): 5.7 31/12/2024 432 256 - 400 300 years 31/12/2025 540 175 - 200 31/12/
Slide 64: Credit facilities: interest rate hedging
Credit facilities Interest rate hedging1 100% 10% 90% 17% 23% 24% 27% 80% 24% 14% 5% 70% 14% 60% 29% 31% 33% 25% 22% 50% 40% 30% 90% of debt hedged 20% 41% 40% 40% 40% 40% by derivatives or fixed 10% rate debt as of 31 December 2021 0% 31-12-2021 31-12-2022 31-12-2023 31-12-2024 31-12-2025 1 Assumin
Slide 65: Net asset value
Net asset value PREMIUM ON 22 FEBRUARY 2022 25% vs NAV at FV incl. IAS 39 24% vs NAV at FV excl. IAS 39 26% vs NTA Net asset value per share (in €) 31/12/2021 31/12/2020 Net asset value after deduction of dividend 2019/2020, excl. changes in fair 77.35 65.75 value of hedging instruments* Effect of t
Slide 66: Dividend policy
Dividend policy €3.40 / share (gross) €3.70 / share (gross) DPS 2021 1 DPS guidance for 2022 (01/01/2021 – 31/12/2021) + 9% compared to end 2021 Withholding tax: − General rule: 30 % − Reduced to 15 % as healthcare REITs investing more than 80% of its portfolio in residential European healthcare rea
Slide 67: EPRA metrics
EPRA EPRA METRICS Key performance indicators according to the EPRA principles 31/12/2021 31/12/2020 31/12/2020 (12 m onths) (12 m onths - (18 m onths) restated) EPRA Earnings* (in €/share) 4.35 4.23 6.14 EPRA Cost Ratio (including direct vacancy costs)* (in %) 16.7% 19.2% 18.5% Aedifica is included
Slide 68: Shares & shareholders
Shares & shareholders Koy Espoon Matinkartanontie -68- Espoo – Finland
Slide 69: Share price since IPO
Share price since IPO Spot Var. (%) Aedifica 96,15 164 375 BEL20 3.969,13 -5 350 325 EPRA Belgium 1.822,75 29 300 275 EPRA Europe 2.281,08 -15 250 225 200 175 150 125 100 75 50 Aedifica: based on the IPO price (€41), adjusted to take into account the rights issues of 2010 (- €1.89), 2012 (- €1.93),
Slide 70: Total return since IPO
Total return since IPO 700 675 Return Var. (%) 650 Aedifica 173 377 625 600 575 EPRA Belgium 6.560 204 550 525 500 EPRA Europe 5.270 54 475 450 425 * 400 375 350 325 300 275 250 225 200 175 150 125 100 75 50 Aedifica: based on the IPO price (€41), adjusted to take into 25 account the rights issues o
Slide 71: Euronext
Euronext Inclusion in the BEL20 In March 2020, Aedifica entered the BEL 20, the leading share index of Euronext Brussels. The BEL 20 index comprises Belgian companies listed on Euronext Brussels that record the largest free-float market 100% capitalisation, of which the share is Aedifica’s free floa
Slide 72: Shareholding
Shareholding1 INTERNATIONAL & DIVERSIFIED SHAREHOLDERS BASE1 9% Belgium US 32% France The Netherlands One shareholder 25% Norway holding more than 5% of UK the company’s capital 2 Switzerland 1/3 retail shareholders Luxemburg 1% 2% 14% 2/3 institutional 2% 6% Other shareholders 7% 2% Unidentified 1
Slide 73: Award
Award EPRA EPRA REPORTING: BEST PRACTICES RECOMMENDATIONS (BPR) From 2015 to 2021, Aedifica’s annual financial report was awarded 7 consecutive times the ‘EPRA BPR Gold Award’ In 2020 & 2021, Aedifica received the ‘EPRA sBPR Gold Award‘ for the Sustainability Reports -73-
Slide 74: Corporate governance
Corporate governance TRANSPARENCY BOARD OF DIRECTORS • NV/SA • 11 Directors • 7 independent non-executive Directors • Management in the box • 4 executive Directors • 100% free float • Gender diversity ratio: 36% • No poison pills • International • Audit Committee • Nomination & Remuneration Committe
Slide 75: Aedifica's Executive Committee
Aedifica’s Executive Committee Ingrid Daerden Raoul Thomassen Chief Financial Officer Chief Operating Officer Sven Bogaerts Chief Mergers & Charles-Antoine van Aelst Acquisitions Officer Chief Investment Officer Stefaan Gielens -75- Chief Executive Officer
Slide 76: Organisation & team
Organisation & team INTERNATIONAL TEAM 5 Local teams in 6 countries Belgium managing the portfolio 26 Germany and the group’s growth Netherlands UK International staff of 60 Finland 114 people of which 9 Sweden 39 women and 75 men 6 8 Number of employees per country -76-
Slide 77: Outlook
Outlook Källberga -77- Nynashamn - Sweden
Slide 78: Outlook FY 2022
Outlook FY 2022 €269 million €335 million ~ €800 million Rental income Pipeline deliveries in 2022 Hypothetical new investments of which €450 m cash flow generating <50% £1 = € 1.15 Debt-to-assets ratio Foreign exchange ~ €900 million (end 2022) assumption Cash out during 2022 related to the investm
Slide 79: Outlook: objective for future growth, EPS growth
Outlook OBJECTIVE FOR FUTURE GROWTH : EPS GROWTH € / share CAGR EPS: 11% 7,0 (Outlook) 6,5 6,0 5,5 5,0 4,23 4,35 4,77 • Enhancing long-term cash flows 4,5 4,0 3,74 in healthcare real estate 3,40 3,70 3,5 3,0 3,15 3,25 * • Exploring new healthcare real 2,43 3,07 2,5 2,09 1,99 1,87 2,14 1,95 2,05 2,39
Slide 80: Conclusion
Conclusion Bridhaven -80- Mallow - Ireland
Slide 81: Investment highlights: attractiveness for shareholders
Investment highlights Attractiveness for shareholders PURE-PLAY FAIR VALUE HISTORY HEALTHCARE REIT IN EUROPE OF PORTFOLIO SHOWING RESILIENCE 20 YEARS WEIGHTED AVERAGE LEASE STRONG UNDERLYING TERM DEMOGRAPHIC TRENDS SOLID TRACK RECORD IN INVESTMENT, EQUITY AND DEBT-FINANCING LONG-TERM GROWTH STRONG D
Slide 82: Thank you
Thank you QUESTION? INVESTOR RELATIONS Please use the « Ask a question » ir@aedifica.eu button and type your question Rue Belliard/Belliardstraat 40 bte 11 1040 Brussels, Belgium -82-
Slide 83: Stefaan Gielens - Chief Executive Officer; Ingrid Daerden - Chief Financial Officer
Stefaan Gielens - Chief Executive Officer Ingrid Daerden - Chief Financial Officer -83-
Slide 84: Aedifica SA/NV
Aedifica SA/NV Public REIT under Belgian Law Regulated Real Estate Company (RREC) Société immobilière réglementée (SIR) Gereglementeerde vastgoedvennootschap (GVV) Rue Belliard 40 / Belliardstraat 40 (box 11) 1040 Brussels Tel: +32 (0)2 626 07 70 - Fax: +32 (0)2 626 07 71 info@aedifica.eu - www.aedi
Slide 85: Forward-looking statement
Forward-looking statement This Presentation includes forward-looking statements that reflect the Company's intentions, beliefs or current expectations concerning, among other things, the Company’s results, condition, performance, prospects, growth, strategies and the industry in which the Company op
Slide 86: Appendix
Appendix Villa Casimir -86- Roermond - Netherlands
Slide 87: Portfolio growth: investment programme as of December 2021
Portfolio growth Investment programme as of 31 December 2021 INVESTMENT PROGRAMME: €767 MILLION Country Developm ent Rent Rent Developm ent Rent Yield2 projects (in € m illion) projects 1 (in € m illion) (in € m illion) (in € m illion) BE 74 2 Triple net 303 15 5.1% DE 352 17 Double net 460 23 5.1%
Slide 88: Belgian REIT
Belgian REIT ‘sicafi / vastgoedbevak’ Appraisal: Tax status: until 17 October 2014 At fair value on a quarterly basis by Exit tax a valuation expert Limited corporate tax in No depreciation of properties Belgium for parent company RREC (SIR / GVV) since 17 Dividend: at least 80 % of Withholding tax
Slide 89: Innovative healthcare real estate
Innovative healthcare real estate Villa Casimir: an A-rated redevelopment Roermond (NL) Completed in October 2020 Former villa and ‘Rijksmonument’ (national heritage site) Redeveloped into a care residence for 18 elderly residents requiring continuous care EPC G → A -89-
Slide 90: Innovative healthcare real estate
Innovative healthcare real estate Villa Casimir: an A-rated redevelopment Restoration of the villa’s unique characteristic elements : high windows wooden beams French doors stained-glass windows Improved insulation of the roof, walls & basement floor Barrier-free environment High-performance cooling
Slide 91: Innovative healthcare real estate
Innovative healthcare real estate Villa Casimir: an A-rated redevelopment FUTUREPROOF BUILDING, FIT FOR THE CURRENT GENERATION AND THE NEXT Low-temperature heating Individual ventilation type C+ All-electric approach: opportunity to use green energy & accommodate new technological developments Futur
Slide 92: Notes
fl Notes aedifica |" housing with care -92-