Slide 1: 3rd quarter results 2021
3rd quarter results 2021 Brussels, 10 November 2021 -1-
Slide 2: Table of contents
Table of contents > Highlights Q3 2021 > Strategy > Achievements > Portfolio analysis > Financials > Shares & shareholders > Outlook > Conclusion -2-
Slide 3: Highlights Q3 2021
Highlights Q3 2021 Koy Lohjan Sahapiha Lohja – Finland -3-
Slide 4: Highlights Q3 2021 (1)
Highlights Q3 2021 (1) > EPRA Earnings: €110.5 million, +31% YoY, EPS €3.22/share, above budget > Increased EPS guidance for the 2021 financial year: at least €4.28/share > DPS guidance increased from €3.30 to €3.40 (gross) per share > Rental income: €168.9 million, +22% YoY, +1.2% L-F-L > Real esta
Slide 5: Highlights Q3 2021 (2)
Highlights Q3 2021 (2) > 572 healthcare sites comprising ~42,500 users in 7 countries > Investment programme of €788 million in construction & renovation projects and €50 million in acquisitions subject to outstanding conditions. > 13 projects completed (approx. €68.5 m) & 17 care properties with co
Slide 6: Investment activity: new acquisitions (1)
Investment activity New acquisitions (1) Approx. €900 million of new investments announced since January 2021 €55 million €96 million €110 million €37 million €179 million €356 million €67 million -6-
Slide 7: Investment activity: new acquisitions (2)
Investment activity New acquisitions (2) 11 healthcare sites (~ €151 million) added or announced during Q3 Name Type Location Date Investment Pipeline Gross rental Completion/ Lease Operator (€ million) 1 (€ million) 2 yield implementation (approx. %) Germany - 18 Haus Wedau & Acquisition Duisburg 3
Slide 8: Investment activity: pipeline completions (1)
Investment activity Pipeline completions (1) 13 projects completed (~ €68.5 m) or conditions satisfied for the acquisition of 17 care properties (~ €85 m) during Q3 Name Type Location Date Investment Gross Lease Operator (€ million) 1 rental yield (approx. %) Belgium 7.5 Sorgvliet Extension Linter 0
Slide 9: Portfolio outlook
Portfolio outlook Total portfolio outlook: €5.4 billion (As of 10 November 2021) €m +838 +84 5,360 5.500 5.000 4,470 -32 4.500 4.000 3.500 3.000 2.500 2.000 1.500 1.000 500 0 Marketable investment1 Assets classified as held for Committed investment Investments after Portfolio outlook properties sale
Slide 10: Strategy
Strategy Tuusulan Isokarhunkierto Tuusula - Finland -10-
Slide 11: Aedifica
Aedifica > Belgian REIT (RREC/SIR/GVV) − Market cap ~ €4.2 billion − Free float of 100% − Marketable investment properties ~ €4.6 billion − Investment programme ~ €838 million (projects & acquisitions subject to outstanding conditions) − WAULT ~ 20 years > Pure-play healthcare player > Market refere
Slide 12: Exploring European markets
Aedifica Exploring European markets > Track record of entering new markets & rapidly creating a platform for future growth 2019 – United Kingdom 1st investment in Feb 2019: €503m Current portfolio: €742m (102 assets) Committed pipeline: €94m 2013 – Germany 2021 – Ireland 1st investment in June 2013:
Slide 13: Demographic evolution
Demographic evolution Ageing in Belgium Ageing in Germany 40% 40% 35% 35% 30% 65 + 30% 65 + 25% 70 + 25% 70 + 20% 20% 75 + 75 + 15% 15% 10% 80 + 10% 80 + 5% 85 + 5% 85 + 0% 0% 2015 2020 2030 2040 2050 2060 2070 2015 2020 2030 2040 2050 2060 2070 Source: Belgian Federal Planning Bureau, 2021 Source:
Slide 14: Demographic evolution
Demographic evolution Ageing in Finland Ageing in Sweden 40% 40% 35% 35% 30% 65 + 30% 65 + 25% 70 + 25% 70 + 20% 20% 75 + 75 + 15% 15% 80 + 80 + 10% 10% 85 + 85 + 5% 5% 0% 0% 2015 2020 2030 2040 2050 2060 2070 2015 2020 2030 2040 2050 2060 2070 Source: Population projection, Statistics Finland Sourc
Slide 15: Sustainability
Sustainability Strategy > TARGETS 80% 80% -20% Of energy monitoring EPC coverage by Reduction of landlord in cooperation with 2023 emissions by 2025 our tenants (scope 1 & 2) > EPC certificates inventory: Asset Label Overview > Annual Sustainability Report (% of total m² of portfolio) > EPRA Gold Aw
Slide 16: 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 > Stakeholders engagement focus, promoting dialogue and good relationships > Business culture characterized by honesty and i
Slide 17: Achievements
Achievements Hof Van Schoten Schoten - Belgium -17-
Slide 18: Achievements: investment properties evolution since 2006
Achievements Investment properties1 Evolution since 2006 €m 6,000 5,500 5,360 5,000 4,624 4,500 4,000 CAGR: 24 % 3,815 (as of 30 September 2021) 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 Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Slide 19: Achievements: focus on Europe
Achievements Focus on Europe Geographical breakdown (fair value)1 100% 2 3 5 2 1 2 12 9 13 2 12 15 18 18 17 14 80% 17 23 14 13 12 60% 17 16 17 17 100 95 88 86 40% 77 18 70 22 26 20% 45 27 32 24 0% Belgium Germany United Kingdom Netherlands Finland Sweden Ireland 1 Marketable investment properties in
Slide 20: Portfolio analysis
Portfolio analysis Koy Espoon Matinkartanontie Espoo – Finland -20-
Slide 21: Healthcare real estate portfolio: segment breakdown
Healthcare real estate portfolio (As of 30 September 2021) > Healthcare segment breakdown Elderly careElderly homes care homes 7% 7% Senior housing Senior housing 15% Mixed-use elderly care buildings Mixed-use elderly care buildings 5% 67% Child day-care centres Child day-care centres Other Other Ma
Slide 22: Healthcare real estate portfolio: geographical breakdown
Healthcare real estate portfolio (As of 30 September 2021) > Geographical breakdown 2% 2% Belgium Belgium Finland 18% 27% Germany Germany Sweden Netherlands Netherlands Ireland United Kingdom Finland 17% United Kingdom Sweden 22% Ireland 13% Marketable investment properties incl. assets classified a
Slide 23: Belgian healthcare portfolio
Belgian healthcare portfolio (As of 30 September 2021) > Portfolio of 83 assets: − Capacity for approx. 8,500 residents − Total fair value of approx. €1,207 m − Yield on fair value of 5.3% − Inflation-linked triple net long leases − 18 tenant groups: Korian Belgium, Armonea (Colisée), Vulpia, Orpea,
Slide 24: Belgian healthcare portfolio
Belgian healthcare portfolio (As of 10 November 2021) Marketable investment properties Projects in the investment programme -24-
Slide 25: Belgian healthcare portfolio
Belgian healthcare portfolio Residentie Sporenpark, Residentie Kartuizehof, Beringen Lierde • 127 units • 128 units Leopoldspark, Sorgvliet, Linter Leopoldsburg • 83 units • 150 units -25-
Slide 26: German healthcare portfolio
German healthcare portfolio (As of 30 September 2021) > Portfolio of 97 assets: − Capacity for approx. 10,000 residents − Total fair value of approx. €975m − Yield on fair value of 5.3% − Double net long leases inflation-linked with threshold − 22 tenant groups: Azurit Rohr, EMVIA, Vitanas, Residenz
Slide 27: German healthcare portfolio
German healthcare portfolio (As of 10 November 2021) Marketable investment properties Development projects or assets acquisition subject to outstanding conditions -27-
Slide 28: German healthcare portfolio
German healthcare portfolio Seniorenquartier Seniorenzentrum Lübbecke, Alte Zwirnerei, Lübbecke Gersdorf • 80 units • 104 units Seniorenquartier Haus Steinbachhof, Weyhe, Weyhe Chemnitz • 109 units • 151 units -28-
Slide 29: Dutch healthcare portfolio
Dutch healthcare portfolio (As of 30 September 2021) > Portfolio of 71 assets: − Capacity for approx. 3,300 residents − Total fair value of approx. €565m − Yield on fair value of 5.6% − Inflation-linked mostly triple net long leases − 22 tenant groups: Senior Living BV (Korian), Stichting Vitalis Re
Slide 30: Dutch healthcare portfolio
Dutch healthcare portfolio (As of 10 November 2021) Marketable investment properties Development projects -30-
Slide 31: Dutch healthcare portfolio
Dutch healthcare portfolio OZC Orion, Leiderdorp Martha Flora • school for Dordrecht, children Dordrecht with • 28 units behavioural problems Huize De De Volder Compagnie, Staete, Almere Ede • 52 units • 42 units -31-
Slide 32: UK healthcare portfolio
UK healthcare portfolio (As of 30 September 2021) > Portfolio of 102 assets: − Capacity for approx. 6,800 residents − Total fair value of approx. €742m − Yield on fair value of 6.4% − Inflation-linked triple net long leases − 15 tenant groups: Maria Mallaband Care Group, Burlington, Bondcare Group,
Slide 33: UK healthcare portfolio
UK healthcare portfolio (As of 10 November 2021) Marketable investment properties Development projects -33-
Slide 34: UK healthcare portfolio
UK healthcare portfolio Aylesbury Martin Minster Grange, Dalby, York Aylesbury • 83 units • 61 units Priesty Fields, Congleton Abbots Wood • 78 units Manor, Hailsham • 60 units -34-
Slide 35: Finnish healthcare portfolio
Finnish healthcare portfolio (As of 30 September 2021) > Portfolio of 190 assets: − Capacity for approx. 12,700 users − Total fair value of approx. €777m − Yield on fair value of 5.5% − Inflation-linked double net leases − 41 tenant groups: Attendo, Norlandia, Mehilainen, Pilke, Touhula & others inc
Slide 36: Finnish healthcare portfolio
Finnish healthcare portfolio (As of 10 November 2021) Marketable investment properties Development projects -36-
Slide 37: Finnish healthcare portfolio
Finnish healthcare portfolio Helsinki Children day-care Kansantie, centre, Oulu Helsinki • 120 units • 360 units Elderly care home, Koy Lahden keva Kempele Makarantie, Lahti • 19 units • 110 units -37-
Slide 38: Swedish healthcare portfolio
Swedish healthcare portfolio (As of 30 September 2021) > Portfolio of 21 assets: − Capacity for approx. 600 users − Total fair value of approx. €72m − Yield on fair value of 5.0% − Inflation-linked double net leases − 11 tenant groups: Ambea, Olivia Omsorg, Kunskapsförskolan, Humana, Frösunda Omsorg
Slide 39: Swedish healthcare portfolio
Swedish healthcare portfolio (As of 10 November 2021) Marketable investment properties Development projects -39-
Slide 40: Swedish healthcare portfolio
Swedish healthcare portfolio LSS-boende Heby, LSS-boende Gråmunke , Heby Uppsala • Completed in • Completed in April 2020 March 2020 • 6 units • 6 units Eskilstuna Mesta, LSS-boende Nyby, Eskilstuna Laholm • Preschool • 6 units • Completed in August 2020 -40-
Slide 41: Irish healthcare portfolio
Irish healthcare portfolio (As of 30 September 2021) > Portfolio of 8 assets: − Capacity for approx. 700 users − Total fair value of approx. €72m − Yield on fair value of 5.5% − Inflation-linked triple net leases − 2 operators: Virtue (Emera group) and Coolmine Caring Services Group − 7 projects to
Slide 42: Irish healthcare portfolio
Irish healthcare portfolio (As of 10 November 2021) Marketable investment properties Development projects or assets acquisition subject to outstanding conditions -42-
Slide 43: Irish healthcare portfolio
Irish healthcare portfolio Dublin Stepaside, Stepaside Bunclody care • 119 units home, Bunclody • 62 units Waterford care home, Waterford • 64 units Brídhaven, Mallow • 184 units -43-
Slide 44: Healthcare real estate tenants
Healthcare real estate tenants Tenant diversification1 > 572 sites with approx. 260 tenants (or approx. 120 ‘groups’)2 representing European, national and local profit and not-for-profit operators > No ‘operator group’ leases more than 11% of Aedifica’s consolidated assets 11% 7% 6% 45% 6% 4% 4% 4%
Slide 45: Lease maturity & occupancy rate
Lease maturity & occupancy rate (As of 30 September 2021) Unexpired lease term Weighted average unexpired lease term 20 years 25% Occupancy rate 100 % 75% <15 years ≥15 years Marketable investment properties incl. assets classified as held for sale (€4,410 m), excl. rights of use of plots of land. -
Slide 46: WAULT by country
WAULT by country 30 25 25 22 23 22 Avg 20 years 20 18 15 13 10 12 5 0 Belgium Germany The Netherlands The United Kingdom Finland Sweden Ireland -46-
Slide 47: Age of buildings
Age of buildings (As of 30 September 2021) 5% 7% 0-10 years 10-20 years 20% >20 years Project 68% Marketable investment properties incl. assets classified as held for sale (€4,410 m), excl. rights of use of plots of land. Age profile based on a weighted average of the fair value of our properties, u
Slide 48: Gross yields on fair value
Gross yields on fair value Conservative valuation yields (As of 30 September 2021) 7 6 6.4 Avg 5.5 5.6 5.5 5.5 5 5.3 5.3 5.0 4 3 2 1 0 % Belgium Germany Netherlands United Kingdom Finland Sweden Ireland -48-
Slide 49: Prime yields
Prime yields Belgium Germany Netherlands United Kingdom Finland Sweden Ireland 3,5% 3.5% 4,0% 4.0% 4,5% 4.5% 5,0% 5.0% 5,5% 5.5% 6,0% 6.0% Source: Cushman & Wakefield, CBRE, Jones Lang LaSalle -49-
Slide 50: Development projects
Development projects Investment programme as of 30 September 2021 (1) > Investment programme: €838 million Geographical split Expected delivery date €11m €29m 1% 4% €64m €54m 8% 6% Belgium 2021 €160m €179m €131m Germany 21% 16% 19% 2022 Netherlands €407m 2023 United Kingdom €107m 49% €94m 13% 11% Fi
Slide 51: Portfolio growth (2)
Portfolio growth Investment programme as of 30 September 2021 (2) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 30/09/2021 invest. Projects in progress 505 138 366 Completion 2021 113 79 35 DE 43 27 16 Am Tierpark Vitanas 1 0 0 Seniorenheim Haus Wellengrund 2
Slide 52: Portfolio growth (3)
Portfolio growth Investment programme as of 30 September 2021 (3) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 30/09/2021 invest. Projects in progress 505 138 366 Completion 2021 113 79 35 Completion 2022 292 56 236 BE 6 2 3 Residentie 't Spelthof Vulpia 6 2
Slide 53: Portfolio growth (4)
Portfolio growth Investment programme as of 30 September 2021 (4) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 30/09/2021 invest. Projects in progress 505 138 366 Completion 2021 113 79 35 Completion 2022 292 56 236 FI 45 14 31 Finland – pipeline ‘child day-
Slide 54: Portfolio growth (5)
Portfolio growth Investment programme as of 30 September 2021 (5) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 30/09/2021 invest. Projects in progress 505 138 366 Completion 2021 113 79 35 Completion 2022 292 56 236 Completion 2023 87 2 85 Completion 2024 12
Slide 55: Portfolio growth (6)
Portfolio growth Investment programme as of 30 September 2021 (6) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 30/09/2021 invest. Projects in progress 505 138 366 Completion 2021 113 79 35 Completion 2022 292 56 236 Completion 2023 87 2 85 Completion 2024 12
Slide 56: Portfolio growth: development projects
Portfolio growth Development projects Kilbarry Nursing Kotka Särmääjänkatu Home - Waterford – Kotka (FI) City (IE) Completed on: Completion in: 31/08/2021 Q1 2023 Hamburg-Rissen (impression) – Martha Flora Hamburg (DE) Dordrecht – Completion in: Dordrecht (NL) Q3 2022 Construction start: Q2 2020 Com
Slide 57: Financials
Financials De Vecht Hoogeveen – The Netherlands -57-
Slide 58: Income Statement: EPRA Earnings
Income Statement EPRA Earnings Consolidated income statement - analytical format 30/09/2021 30/09/2020 (x €1,000) (9 months) (9 months – restated period) Rental income 168,919 138,784 Rental-related charges -1,019 -2,176 Net rental income 167,900 136,608 Operating charges* -26,446 -23,615 Operating
Slide 59: Income Statement: Net result
Income Statement Net result Consolidated income statement - analytical format 30/09/2021 30/09/2020 (x €1,000) (9 months) (9 months – restated period) EPRA Earnings* 110,465 84,620 Changes in fair value of financial assets and liabilities 8,185 -5,695 Changes in fair value of investment properties 7
Slide 60: Rental income
Rental income (As of 30 September 2021) 180.000 +9.5 M +0.9 M +1.4 M 168.9 M +4.8 M 160.000 +4.7 M +3.5 M +5.3 M 138.8 M 140.000 120.000 x €1,000 100.000 80.000 60.000 40.000 20.000 0 Rental income Belgium Germany The United Finland Sweden Ireland Rental income 9 months Netherlands Kingdom 9 months
Slide 61: EPRA Earnings
EPRA Earnings (As of 30 September 2021) 140.000 120.000 +30.1 Mx +110.5 Mx ++0.5 Mx ++0.1 Mx x-1.7 Mx +-2.7 Mx +-0.4 Mx 100.000 84.6 Mx x €1,000 80.000 60.000 40.000 20.000 0 EPRA Rental income Operating Financial Tax EPRA Non- EPRA Earnings 9 costs result earnings of controlling Earnings 9 months 2
Slide 62: Consolidated balance sheet (€ m)
Consolidated balance sheet (€ m) Balance sheet total: €4.9 billion (As of 30 September 2021) Assets Equity & Liabilities 2,658 2,173 4,624 3,815 2,075 1,758 252 271 2 137 164 December September December September 2020 2021 2020 2021 -62-
Slide 63: Debt-to-assets ratio
Debt-to-assets ratio 56% 56% 50% 50% 44% 43% 42% 42% 41% 37% June 2017 June 2018 March 2019 June 2019 March 2020 June 2020 Oct 2020 Dec. 2020 June 2021 Sept 2021 Before After Before SPO After SPO Before SPO After SPO After ABB SPO 2019 SPO 2019 April 2020 April 2020 Oct. 2020 Oct. 2020 June 2021 > F
Slide 64: Debt-to-assets ratio
Debt-to-assets ratio €207m ABB €286m ABB 70% 5,000 €418m €219m €67m €153m rights issue rights issue 4,500 60% rights issue €100m rights issue rights issue 4,000 50% 3,500 3,000 40% €459m 2,500 rights issue 30% 2,000 20% 1,500 1,000 10% 500 0% 0 Debt-to-assets ratio (%) Fair value portfolio (million
Slide 65: Credit facilities
Credit facilities Total financial debt: €1,968 m (As of 30 September 2021) Investment credits 11% 10% 49% bank Term loans 4% facilities Revolving loans 28% USPP GBP 25% Bond Medium Term Note 51% DCM 11% Short Term Treasury 11% Notes > Credit rating BBB with stable outlook from S&P Global > Inaugural
Slide 66: Credit facilities: liquidity and debt maturity profile
Credit facilities (as of 30 September 2021) > Liquidity > Debt maturity profile Financial debt Lines Utilisation of which (in € million)1 treasury 1.200 notes 1.000 31/12/2021 192 192 158 800 31/12/2022 178 108 60 600 31/12/2023 380 175 - 31/12/2024 442 187 - 400 31/12/2025 552 202 - 200 31/12/2026
Slide 67: Net asset value
Net asset value Net asset value per share (in €) 30/09/2021 31/12/2020 Net asset value after deduction of the 2019/2020 dividend, excl. changes in fair value 74.14 65.75 of hedging instruments* Effect of the changes in fair value of hedging instruments -1.02 -1.58 Net asset value after deduction of
Slide 68: Dividend Policy
Dividend Policy > DPS 2019/2020 (01/07/19 – 31/12/20): €4.60/share (gross) > Increased DPS guidance for 2021 from €3.30/share to €3.40/share (gross) > Withholding tax: − General rule: 30 % − Reduced to 15 % for healthcare REITs with minimum 60% invested in healthcare real estate in the European Econ
Slide 69: EPRA key performance indicators
EPRA > Aedifica included in the EPRA indices > EPRA metrics: Key perform ance indicators according to the EPRA principles 30/09/2021 30/09/2020 (9 m onths) (9 m onths - restated period) EPRA Earnings* (in €/share) 3,22 3,24 EPRA Cost Ratio (including direct vacancy costs)* (in 16% 19% EPRA Cost Rati
Slide 70: Value potentially not reflected in the NAV
Value potentially not reflected in the NAV > Belgian REIT → highly regulated framework > Pure play healthcare REIT in Europe > Assessment: long term cash flows at interesting yields > Inflation-linked contracts > Investment programme: − Committed − Pre-let > Track record of successful investments >
Slide 71: Shares & shareholders
Shares & shareholders Service community Lahti Lahti - Finland -71-
Slide 72: Dividend track record
Dividend track record € / share 4,40 4,20 4,00 3,80 3,60 3,40 3,20 3,07* 3,40 3,00 2,80 2,80 2,50 2,60 2,40 2,25 2,10 2,20 2,00 1,86 1,86 1,90 2,00 1,80 1,82 1,82 1,71 1,80 1,60 1,48 1,40 Theoretic dilutions of DPS after rights issues of October 2010, 1,20 December 2012, June 2015, March 2017, May 2
Slide 73: Share price since IPO
Share price since IPO (As of 8 November 2021) Spot Var. (%) 375 Aedifica 115.40 217 350 325 BEL20 4,383.83 5 300 EPRA Belgium 2,115.84 49 275 EPRA Europe 2,477.40 -7 250 225 200 175 150 125 100 75 50 25 Aedifica BEL20 EPRA Belgium EPRA Europe Aedifica: taking into account the value of the subscripti
Slide 74: Total return since IPO
Total return since IPO 700 675 (As of 8 November 2021) 650 625 Return Var. (%) 600 575 Aedifica 208 472 550 525 EPRA Belgium 7,589 251 500 475 450 EPRA Europe 5,707 67 425 400 375 350 325 300 275 250 225 200 175 150 125 100 75 50 25 Aedifica total return Epra Belgium total return Epra Europe total r
Slide 75: Shareholding
Shareholding1 (As of 30 September 2021) > Aedifica shareholders holding more than 5 % of the Company’s capital2: SHAREHOLDERS Voting rights (in %) BlackRock, Inc. 5.00 Others < 5% 95.00 Total 100.00 > Aedifica’s free float amounts to 100%3 > Institutional investors represent approx. 64% in the share
Slide 76: Shareholders: international and diversified
Shareholders International and diversified 1 (As of October 2021) Belgium 9% USA France 32% The Netherlands 25% Norway United Kingdom Switzerland Luxemburg 1% Other countries 14% 2% 6% Unidentified 2% 2% 7% 1 Based on the shareholder identification. -76-
Slide 77: Awards
Awards 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 -77-
Slide 78: Euronext
Euronext Inclusion in the BEL 20 > Aedifica is listed on Euronext Brussels (2006) and Euronext Amsterdam (2019). > 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 larg
Slide 79: Corporate governance
Corporate governance > Transparency > Board of Directors − NV/SA − 11 Directors ̶ 7 independent non-executive − Management in the box Directors − 100% free float ̶ 4 executive Directors ̶ Gender diversity ratio: 36% − No poison pills − Audit Committee − Nomination & Remuneration Committee − Investme
Slide 80: Aedifica's Executive Committee
Aedifica’s Executive Committee Charles-Antoine van Aelst Stefaan Gielens Sven Bogaerts Chief Investment Officer Chief Executive Officer Chief Mergers & Acquisitions Officer Raoul Thomassen Ingrid Daerden Chief Operating Officer Chief Financial Officer -80-
Slide 81: Aedifica's international team
Aedifica’s international team > Local teams in 6 countries managing the portfolio and the group’s growth: Stéphanie Lomme Heinz Beekmann Eric Scheijgrond Team Belgium Team Germany Team Netherlands Bruce Walker Jussi Karjula Maria Frid Team UK Team Finland Team Sweden > International staff of 118 peo
Slide 82: Outlook
Outlook Verpleegcentrum Scheemda Scheemda – The Netherlands -82-
Slide 83: Outlook FY 2021
Outlook FY 2021 > Increased EPRA EPS guidance: at least €4.28/share (+3% compared to prior guidance) > Increased DPS guidance from €3.30/share to €3.40/share (gross) > Foreign exchange assumption £1 = €1.15 for the remaining 3 months of 2021 > Expected debt-to-assets ratio (end 2021): below 45% -83-
Slide 84: Outlook beyond FY 2021
Outlook beyond FY 2021 > Objective for future growth: EPS growth through − Enhancing long-term cash flows in healthcare real estate − Exploring new healthcare real estate segments − Exploring new countries − Well-defined development activity > Continuing the track record € / share 7,0 6,5 6,0 5,5 5,
Slide 85: Conclusion
Conclusion Seniorenquartier Weyhe Weyhe – Germany -85-
Slide 86: Investment highlights
Investment highlights Attractiveness for shareholders: > Pure-play healthcare REIT in Europe > Strong underlying demographic trends > Long-term growth potential > Fair value history of portfolio showing resilience > Weighted average lease term: 20 years > Solid investment, equity and debt-financing
Slide 87: Stefaan Gielens – CEO; Ingrid Daerden – CFO
Stefaan Gielens – Chief Executive Officer Ingrid Daerden – Chief Financial Officer -87-
Slide 88: Aedifica NV/SA
Aedifica NV/SA 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.aedifi
Slide 89: 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 90: Appendix
Appendix Pachterserf Apeldoorn – The Netherlands -90-
Slide 91: Portfolio growth: investment programme €838 million (1)
Portfolio growth Investment programme as of 30 September 2021 (1) > Investment programme: €838 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 54 2 Triple net 288 14 5.0% DE 407 19 Double net 549 2
Slide 92: Portfolio growth: investment programme €838 million (2)
Portfolio growth Investment programme as of 30 September 2021 (2) > Investment programme: €838 million €2m 0% €50m Projects in progress 6% €282m Projects subject to 34% outstanding conditions €505m Acquisitions subject to outstanding 60% conditions Land reserve -92-
Slide 93: Competitive markets
Aedifica Competitive markets > The World Economic Forum ranks all of the countries into which Aedifica expanded in its top 11 of Most Competitive Global Economies Rank Econom y Score 4 Netherlands 82.4 7 Germany 81.8 8 Sw eden 81.2 9 United Kingdom 81.2 11 Finland 80.2 22 Belgium 76.4 Source: World
Slide 94: Belgian REIT
Belgian REIT > ‘sicafi / vastgoedbevak’ until 17 October 2014 > RREC (SIR / GVV) since 17 October 2014 > Investment property: maximum 20 % in one (group of) asset(s) > Appraisal: − At fair value on a quarterly basis by a valuation expert − No depreciation of properties > Dividend: at least 80 % of c
Slide 95: Innovative healthcare real estate: Villa Casimir
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 -95-
Slide 96: Innovative healthcare real estate: Villa Casimir
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-per
Slide 97: Innovative healthcare real estate: Villa Casimir
Innovative healthcare real estate Villa Casimir: an A-rated redevelopment > Low-temperature heating > Individual ventilation type C+ > All-electric approach: opportunity to use green energy & accommodate new technological developments > Futureproof building, fit for the current generation and the ne
Slide 98: Innovative healthcare real estate: Martha Flora Rotterdam
Innovative healthcare real estate Martha Flora Rotterdam The Martha Flora Rotterdam care residence in Rotterdam (NL) combines a sustainable building design with innovative technologies, while focusing on the wellbeing of the residents and their families. -98-
Slide 99: Innovative healthcare real estate: Martha Flora Rotterdam
Innovative healthcare real estate Martha Flora Rotterdam > Specifically designed to offer safe & secure small-scale housing & care to persons with dementia > Focus on wellbeing & comfort > Meander: central space − Library − Living room − Kitchen − Workshop − Garden/roof terrace > 29 care units -99-
Slide 100: Innovative healthcare real estate: Martha Flora Rotterdam
Innovative healthcare real estate Martha Flora Rotterdam > 100% green energy provided by 296 solar panels − providing sufficient energy for the termal and hot water installation > Heat and cold storage installation − using 2 heat pumps and 125m deep sources to extract soil energy for heating and coo
Slide 101: Notes
fre j Notes aecifica |' housing with care -101-