Slide 1: Annual results 2019/2020
Annual results 2019/2020 Brussels, 24 February 2021 -1-
Slide 2: Table of contents
Table of contents > Highlights FY 2019/2020 > Strategy > Achievements > Portfolio analysis > Financials > Shares & shareholders > Outlook > Conclusion -2-
Slide 3: Highlights FY 2019/2020
Highlights FY 2019/2020 Wolfsbos Hoogeveen – The Netherlands -3-
Slide 4: Highlights FY 2019/2020 (1)
Highlights FY 2019/2020 (1) > EPRA Earnings*: €162.7 million (over 18 months) > Rental income: €259.5 million (over 18 months) > Real estate portfolio of €3.8 billion, +64% compared to the end of the previous financial year (30/06/2019) > Investment pipeline of €756 million, 46 projects completed in
Slide 5: Highlights FY 2019/2020 (2)
Highlights FY 2019/2020 (2) > 496 healthcare sites comprising > 37,000 users in 6 countries − €1,151 million in Belgium (82 sites) − €719 million in the Finland (172 sites) − €634 million in the Germany (75 sites) − €633 million in the United Kingdom (96 sites) − €516 million in the Netherlands (66
Slide 6: Investment activity
Investment activity New acquisitions 117 healthcare sites (~ €1,185 million) added or announced during 2019/20201 €5 million €177 million €174 million €192 million €554 million 1 See Appendix for more details. €82 million -6-
Slide 7: Investment activity: pipeline completions (1)
Investment activity Pipeline completions (1) 46 projects (~ €231 million) completed during 2019/2020 Name Type Location Date Investment Gross Lease Operator (€ million) 1 rental yield (approx. %) Belgium 18 ’t Hoge III Extension Kortrijk 28/11/2019 2 6% 27 yrs - NNN Senior Living Group 2 Plantijn II
Slide 8: Investment activity: pipeline completions (2)
Investment activity Pipeline completions (2) 46 projects (~ €231 million) completed during 2019/2020 Name Type Location Date Investment Gross Lease Operator (€ million) 1 rental yield (approx. %) Belgium 18 Germany 64 Netherlands 53 United Kingdom 2 4 Finland 76 Koy Pieksämäen Ruustinnantie Developm
Slide 9: Investment activity: pipeline completions (3)
Investment activity Pipeline completions (3) 46 projects (~ €231 million) completed during 2019/2020 Name Type Location Date Investment Gross Lease Operator (€ million) 1 rental yield (approx. %) Belgium 18 Germany 64 Netherlands 53 United Kingdom 2 4 Finland 76 Sweden 2 16 Gråmunkehöga LSS Boende D
Slide 10: Investment activity after December 2020
Investment activity After 31 December 2020 (As of 24 February 2021) Acquisition of 8 care properties since 31 December 2020 Name Type Location Date Investment Pipeline Gross rental Oplevering Lease Operator (€ million) 1 (€ million) 2 yield (approx. %) Netherlands 1 3 Stepping Stones Blaricum 3 Acqu
Slide 11: Completion of 5 development projects since December 2020
Investment activity After 31 December 2020 (As of 24 February 2021) Completion of 5 development projects since 31 December 2020 Name Type Location Date Investment Gross Lease Operator (€ million) 1 rental yield (approx. %) Belgium 3 Kasteelhof Extension Dendermonde 01/01/2021 3 5.5% 30 yrs - NNN Sen
Slide 12: Portfolio outlook
Portfolio outlook Total portfolio outlook: €4.5 billion (As of 24 February 2021) €m 5.000 +91 4,514 +756 4.500 4.000 3,673 -6 3.500 3.000 2.500 2.000 1.500 1.000 500 0 Marketable investment Assets classified as held Committed investments in Investments after Portfolio outlook 1 properties for sale p
Slide 13: Strategy
Strategy Abbots Wood Manor Hailsham – United Kingdom -13-
Slide 14: Aedifica
Aedifica > Belgian REIT (RREC/SIR/GVV) − Market cap ~ €3.4 billion − Free float of 100% − Marketable investment properties ~ €3.7 billion − Pipeline ~ €756 million − WAULT ~ 19 years > Market reference in European listed healthcare real estate > Growth potential > Track record and know-how > Diversi
Slide 15: 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: €633m (96 assets) Committed pipeline: €66m 2013 – Germany 2021 – Ireland 1st investment in June 2013:
Slide 16: 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 17: 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 18: Achievements
Achievements Pachterserf Apeldoorn - Netherlands -18-
Slide 19: Investment properties evolution since 2006
Achievements Investment properties1 Evolution since 2006 €m 5.000 4.514 4.500 4.000 3.815 3.500 CAGR: 28 % (as of 31 December 2020) 3.000 2.500 2.321 2.000 1.741 1.545 1.500 1.157 1.005 1.000 785 593 643 518 500 435 347 356 111 252 0 June 2006June 2007June 2008June 2009June 2010June 2011June 2012Jun
Slide 20: Focus on Europe
Achievements Focus on Europe Geographical breakdown (fair value)1 1 1 100% 5 2 1 12 9 13 15 12 18 19 14 80% 17 23 14 13 60% 17 16 17 100 95 88 86 40% 77 18 24 70 20% 45 32 26 0% Belgium Germany United Kingdom Netherlands Finland Sweden Ireland 1 Marketable investment properties incl. assets classifi
Slide 21: Portfolio analysis
Portfolio analysis Brídhaven care home Mallow - Ireland -21-
Slide 22: Healthcare real estate
Healthcare real estate Focus on housing for seniors (As of 31 December 2020) > Healthcare segment breakdown Elderly care homes 6% 7% Senior housing 14% Mixed-use elderly care buildings 6% 67% Children day-care centres Other Marketable investment properties incl. assets classified as held for sale (€
Slide 23: Portfolio geographical breakdown
Portfolio (As of 31 December 2020) > Geographical breakdown 1% Belgium 18% Germany 32% Netherlands United Kingdom Finland 17% Sweden 18% 14% Marketable investment properties incl. assets classified as held for sale (€3,621 m), excl. rights of use of plots of land. -23-
Slide 24: Belgian healthcare portfolio
Belgian healthcare portfolio (As of 31 December 2020) > Senior housing portfolio of 82 assets: − Capacity for approx. 8,300 residents − Total fair value of approx. €1,151 m − Yield on fair value of 5.3% − Triple net long leases − Typical lease maturity: 27 years − 17 tenant groups: Senior Living Gro
Slide 25: Belgian healthcare portfolio
Belgian healthcare portfolio (As of 31 December 2020) Marketable investment properties Development projects -25-
Slide 26: Belgian healthcare portfolio
Belgian healthcare portfolio Residentie Sporenpark, Residentie Kartuizehof, Beringen Lierde • 127 units • 128 units Leopoldspark, Hof van Schoten, Leopoldsburg Schoten • 150 units • 101 units -26-
Slide 27: German healthcare portfolio
German healthcare portfolio (As of 31 December 2020) > Senior housing portfolio of 75 assets: − Capacity for more than 6,000 residents − Total fair value of approx. €634 m − Yield on fair value of 5.7% − Double net long leases − Typical lease maturity: 20 - 25 years − 20 tenant groups: Vitanas, EMVI
Slide 28: German healthcare portfolio
German healthcare portfolio (As of 31 December 2020) Marketable investment properties Development projects -28-
Slide 29: German healthcare portfolio
German healthcare portfolio Seniorenquartier advita Haus Zur Lübbecke, Alten Berufsschule, Lübbecke Zschopau • 80 units • 127 units Am Tierpark, Haus Steinbachhof, Berlin Chemnitz • 217 units • 151 units -29-
Slide 30: Dutch healthcare portfolio
Dutch healthcare portfolio (As of 31 December 2020) > Senior housing portfolio of 66 assets: − Capacity for more than 2,600 residents − Total fair value of approx. €516 m − Yield on fair value of 5.8% − Mostly triple net long leases − Typical lease maturity: 15 - 20 years − 18 tenant groups: Senior
Slide 31: Dutch healthcare portfolio
Dutch healthcare portfolio (As of 31 December 2020) Marketable investment properties Development projects -31-
Slide 32: Dutch healthcare portfolio
Dutch healthcare portfolio OZC Orion, De Statenhof, Leiderdorp • school for Leiden children • 79 units with behavioural problems Huize De De Vecht, Compagnie, Hoogeveen Ede • 79 units • 42 units -32-
Slide 33: UK healthcare portfolio
UK healthcare portfolio (As of 31 December 2020) > Senior housing portfolio of 96 assets: − Capacity for more than 6,200 residents − Total fair value of approx. €633 m − Yield on fair value of 6.8% − 14 tenant groups: Maria Mallaband Care Group, Bondcare Group, Burlington, Care UK, Renaissance Care,
Slide 34: UK healthcare portfolio
UK healthcare portfolio (As of 31 December 2020) Marketable investment properties -34-
Slide 35: UK healthcare portfolio
UK healthcare portfolio Richmond Manor, Minster Grange, Ampthill York • 69 units • 83 units Coplands, London • 79 units Abbots Wood Manor, Hailsham • 60 units -35-
Slide 36: Finnish healthcare portfolio
Finnish healthcare portfolio (As of 31 December 2020) > Senior housing portfolio of 172 assets: − Capacity for more than 11,700 persons − Total fair value of approx. €667 m − Yield on fair value of 5.6% − 35 tenant groups − Inflation-linked double net leases − Committed development pipeline of appro
Slide 37: Finnish healthcare portfolio
Finnish healthcare portfolio (As of 31 December 2020) Marketable investment properties Development projects -37-
Slide 38: Finnish healthcare portfolio
Finnish healthcare portfolio Children day-care Children day-care centre, Oulu centre, Espoo • 120 units • 120 units Elderly care home, Elderly care home, Oulu Seinäjoki • 60 units • 115 units -38-
Slide 39: Swedish healthcare portfolio
Swedish healthcare portfolio (As of 31 December 2020) > Senior housing portfolio of 5 assets: − Capacity for approx. 400 persons − Total fair value of approx. €20 m − Yield on fair value of 5.8% − 4 tenant groups: British mini, Team Olivia, Kunskapsförskolan & Alternatus − Inflation-linked double ne
Slide 40: Swedish healthcare portfolio
Swedish healthcare portfolio (As of 31 December 2020) Marketable investment properties Development projects -40-
Slide 41: 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, Eskilstuna • Preschool • Completed in August 2020 -41-
Slide 42: Irish healthcare portfolio
Irish healthcare portfolio (As of 24 February 2021) > Senior housing portfolio of 1 asset: − Capacity for 184 persons − Investment: approx. €25 m − Yield on fair value of 5.5% − Operator: Virtue (group Emera) − Lease term: 25 years − Inflation-linked triple net lease − Opportunities for further deve
Slide 43: Irish healthcare portfolio
Irish healthcare portfolio (As of 24 February 2021) Marketable investment properties -43-
Slide 44: Irish healthcare portfolio
Irish healthcare portfolio Brídhaven, Mallow • 184 units -44-
Slide 45: Healthcare real estate tenants
Healthcare real estate tenants Tenant diversification1 > 496 sites with approx. 220 tenants (or >110 ‘groups’)1 representing European, national and local profit and not-for-profit operators > No ‘operator group’ leases more than 15% of Aedifica’s consolidated assets 13% 8% 46% 6% 5% 4% 4% 4% 3% 3% 4
Slide 46: Lease maturity & occupancy rate
Lease maturity & occupancy rate (As of 31 December 2020) Unexpired lease term Weighted average unexpired lease term 0% 19 years 27% Occupancy rate 73% 100 % < 15 years ≥ 15 years 92% Marketable investment properties incl. assets classified as held for sale (€3,621 m), excl. rights of use of plots of
Slide 47: WAULT by country
WAULT by country 25 22 22 20 20 19 19 15 16 13 10 5 0 Belgium Germany Netherlands United Kingdom Finland Sweden Average -47-
Slide 48: Age of buildings
Age of buildings (As of 31 December 2020) 5% 4% 20% 0-10 years 10-20 years >20 years Project 71% Marketable investment properties incl. assets classified as held for sale (€3,621 m), excl. rights of use of plots of land. -48-
Slide 49: Gross yields on fair value
Gross yields on fair value (As of 31 December 2020) 7 6.8 6 5.7 5.8 5.6 5.8 5.8 5 5.3 4 3 2 1 0 Belgium Germany Netherlands United Kingdom Finland Sweden Average -49-
Slide 50: Portfolio growth: development projects (1)
Portfolio growth Development projects as of 31 December 2020 (1) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 31/12/2020 invest. Projects in progress 473 126 346 Completion 2021 290 118 171 BE 13 8 4 De Duinpieper Dorian groep 3 2 0 Kasteelhof Senior Living
Slide 51: Portfolio growth: development projects (2)
Portfolio growth Development projects as of 31 December 2020 (2) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 31/12/2020 invest. Projects in progress 473 126 346 Completion 2021 290 118 171 Completion 2022 151 6 145 BE 6 1 5 Residentie 't Spelthof Vulpia 6 1
Slide 52: Portfolio growth: development projects (3)
Portfolio growth Development projects as of 31 December 2020 (3) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 31/12/2020 invest. Projects in progress 473 126 346 Completion 2021 290 118 171 Completion 2022 151 6 145 Completion 2023 32 2 29 DE 22 2 21 Am Mark
Slide 53: Portfolio growth: development projects (4)
Portfolio growth Development projects as of 31 December 2020 (4) Projects and renovations Operator Current Invest. as of Future (in € million) 1 budget 31/12/2020 invest. Projects in progress 473 126 346 Completion 2021 290 118 171 Completion 2022 151 6 145 Completion 2023 32 2 29 Projects/forward p
Slide 54: Development projects pipeline: €756 million
Development projects Development projects as of 31 December 2020 (5) > Pipeline of development projects: €756 million Geographical split Expected delivery date Sweden Belgium Land reserve €5m €36m €2m 1% 4% 0% 2024 €130m Finland 6% United Kingdom €115m 15% 2023 €66m €43m 9% 2% 2021 Netherlands €336m
Slide 55: Portfolio growth: development projects
Portfolio growth Development projects Lohjan Specht phase 1 – Asuntomessut (FI) Kaltenkirchen (DE) Construction start: Construction start: 2020 Q2 2018 Expected completion: Completed in: 2021 Q1 2020 Specht phase 3 – Bremen (DE) Villa Casimir – Construction start: Roermond (NL) Q4 2019 Construction
Slide 56: Financials
Financials Vaasan Uusmetsäntie Vaasa - Finland -56-
Slide 57: Income Statement: EPRA Earnings
Income Statement EPRA Earnings Consolidated income statement - analytical format 31/12/2020 31/12/2020 31/12/2019 30/06/2019 (x €1,000) (18 months) (12 months – restated (12 months – restated (12 months) period) period) Rental income 259,505 187,535 139,585 118,413 Rental-related charges -3,344 -2,7
Slide 58: Income Statement: Net result
Income Statement Net result Consolidated income statement - analytical format 31/12/2020 31/12/2020 31/12/2019 30/06/2019 (x €1,000) (18 months) (12 months – restated (12 months – restated (12 months) period) period) EPRA Earnings* 162,718 116,168 86,956 72,145 Changes in fair value of financial ass
Slide 59: Rental income
Rental income (As of 31 December 2020) 300.000 259,5 M +27 M 250.000 +45,7 M 200.000 +19,7 M Rental % x €1,000 +27,9 M +20,5 M income 150.000 (K€) 118,4 M BE 86.682 33% DE 49.174 19% 100.000 NL 35.537 14% UK 60.811 23% FI 27.029 10% 50.000 SE 272 0% Total 259.505 0 Rental Belgium Germany The United
Slide 60: EPRA Earnings
EPRA Earnings (As of 31 December 2020) 250.000 +141 -27 200.000 -19 -7 162,7M +1 +0.5 x €1,000 150.000 100.000 72,1M 50.000 0 EPRA Rental Operating Financial Tax JV Non- EPRA Earnings Q4 income costs result controlling Earnings Q6 2018/2019 interests 2019/2020 -60-
Slide 61: Consolidated balance sheet (€ m)
Consolidated balance sheet (€ m) Balance sheet total: €4.05 billion (As of 31 December 2020) Assets Equity & Liabilities -61-
Slide 62: Debt-to-assets ratio
Debt-to-assets ratio 56% 56% 50% 50% 44% 43% 41% 37% June 2017 June 2018 March 2019 June 2019 March 2020 June 2020 Sept. 2020 Dec. 2020 Before After Before SPO After SPO Before SPO SPO 2019 SPO 2019 April 2020 April 2020 Oct. 2020 > Investment capacity: approx. €1.7 billion* before reaching 60% > Ta
Slide 63: Debt-to-assets ratio
Debt-to-assets ratio €207m ABB 70% 4.000 €67m €153m €219m €418m 60% rights issue rights issue rights issue rights issue 3.500 €100m rights issue 3.000 50% 2.500 40% 2.000 30% €459m 1.500 rights issue 20% 1.000 10% 500 0% 0 Debt-to-assets ratio (%) Fair value portfolio (million €) > Over the past 11
Slide 64: Credit facilities
Credit facilities Total financial debt: €1,669 m (As of 31 December 2020) 17% 20% Investment credits Term loans 5% 78% bank facilities Revolving loans 10% 15% GBP bridge loan Medium Term Note 22% DCM 33% Commercial Paper > (Re)financing during the book year: − €240 million of new bank facilities wit
Slide 65: Credit facilities: liquidity and debt maturity
Credit facilities (as of 31 December 2020) > Liquidity > Debt maturity profile Financial debt Lines Utilisation of which 700 (in € million)1 treasury 600 notes 500 31/12/2021 632 607 291 31/12/2022 121 51 - 400 31/12/2023 285 135 - 300 31/12/2024 268 198 - 200 31/12/2025 556 312 - 100 31/12/2026 102
Slide 66: Equity funding: capital increase October 2020
Equity funding Capital increase October 2020 > 7th SPO: public offering of new shares with priority allocation rights > Fully subscribed > Completed on 27 October 2020 > €459 million capital increase > Debt-to-assets ratio down from 50% (30/09/2019) to approx. 40% after capital increase > 5,499,373
Slide 67: Net asset value
Net asset value Net asset value per share (in €) 31 Dec 2020 30 June 2019 Var. Based on fair value of investment properties Net asset value 65,59 55,90 17% Effect of the changes in fair value of hedging instruments 1,58 2,05 Net asset value excl. changes in fair value of hedging instruments 67,18 57
Slide 68: Dividend Policy
Dividend Policy > DPS 2019/2020 (01/07/19 – 31/12/20): €4.60 / share (gross) − Financial year extended by 6 months until 31 Dec. 2020 − Interim dividend for the first 12 months: €3.00 gross per share ̶ Coupon No. 23 (€2.48; detached on 24 April 2020) + coupon No. 24 (€0.52; detached on 5 October 202
Slide 69: EPRA key performance indicators
EPRA > Aedifica included in the EPRA indices > EPRA metrics: Key performance indicators according to the EPRA Principles 31 December 2020 30 June 2019 (18 months) (12 months) EPRA Earnings* (in €/share) 6.14 3.74 EPRA NRV* (in €/share) 75.43 62.56 EPRA NTA* (in €/share) 64.34 58.42 EPRA NDV* (in €/s
Slide 70: Shares & shareholders
Shares & shareholders Martha Flora Bosch en Duin Bosch en Duin - Netherlands -70-
Slide 71: Dividend track record
Dividend track record € / share 4,40 4,20 4,00 3,80 3,60 3,40 3,20 3,07 * 3,30 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 1,20 October 2010, December 2012, June 2015, March 2017, May
Slide 72: Share price since IPO
Share price since IPO (As of 22 February 2020) Spot Var. (%) 375 Aedifica 104,40 187 350 325 BEL20 3.826,42 -9 300 EPRA Belgium 1.758,34 24 275 EPRA Europe 2.080,89 -22 250 225 200 175 150 125 100 75 50 25 Aedifica BEL20 EPRA Belgium EPRA Europe Aedifica: based on the IPO price (€41), adjusted to ta
Slide 73: Total return since IPO
Total return since IPO 700 (As of 22 February 2020) 675 Return Var. (%) 650 Aedifica 188 417 625 600 575 EPRA Belgium 6.118 183 550 525 500 EPRA Europe 4.674 37 475 450 425 400 375 350 325 300 275 250 225 200 175 150 125 100 75 50 25 Aedifica total return Epra Belgium total return Epra Europe total
Slide 74: Shareholding
Shareholding1 (As of 31 December 2020) > Aedifica shareholders holding more than 5 % of the Company’s capital2: SHAREHOLDERS Share in capital (in %) BlackRock, Inc. 5.00 Others < 5 % 95.00 Total 100.00 > Aedifica’s free float amounts to 100%3. 1 A total of 33,086,572 shares are listed on Euronext Br
Slide 75: Awards
Awards EPRA EPRA Reporting: Best Practices Recommendations (BPR) > From 2015 to 2020, Aedifica’s annual financial report was awarded 6 consecutive times the ‘EPRA BPR Gold Award’ > In 2020, Aedifica received the ‘EPRA sBPR Gold Award‘ for its 2019 Sustainability Report -75-
Slide 76: Euronext: inclusion in the BEL 20
Euronext Inclusion in the BEL 20 > 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 capitalisation, of which the share is sufficiently liquid
Slide 77: Corporate governance
Corporate governance > Transparency > Board of Directors − NV/SA − 12 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 − Investm
Slide 78: 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 As of March 2021 -78-
Slide 79: Aedifica's international team
Aedifica’s international team > International presence in 6 countries with local teams managing the portfolio and the group’s growth in each country. Stéphanie Lomme Heinz Beekmann Eric Scheijgrond Team Belgium Team Germany Team Netherlands UK Portfolio manager Jussi Karjula Maria Frid Team Finland
Slide 80: Outlook
Outlook SARA Seniorenresidenz Bitterfeld-Wolfen - Germany -80-
Slide 81: Covid-19 impact
Covid-19 impact > Residential care portfolio (elderly & specialist care – approx. 93% of portfolio) > Occupancy drop (5-10%) due to temporary ‘excess mortality’ and admission stops during 2020’s spring lockdown in elderly care − Nevertheless, important differences between countries, regions, operato
Slide 82: Covid-19 impact
Covid-19 impact > Rollout vaccination programmes since December 2020 − Operators’ occupancy rates expected to start to recover gradually > Currently no material impact on rent collection: care sector showing resilience > Market fundamentals remain intact (ageing population, consolidation & public fu
Slide 83: Outlook FY 2021
Outlook FY 2021 > Budgeted rental income: €220 million > Budgeted EPRA Earnings: €137 million > Budgeted investments: €640 million − Pipeline: approx. €336 million deliveries in 2021 − Acquisitions since 1/01: €79 million − Hypothetical cash flow generating investment: €225 million > Foreign exchang
Slide 84: Outlook FY 2021
Outlook FY 2021 > Budgeted EPRA EPS: €4.16/share, taking into account dilution after capital increases of May 2019, April 2020 and October 2020 > Budgeted DPS: €3.30/share (gross) > Sensitivity analysis: − Difference of €1 million in rental income has an impact €0.03 in EPS − GBP: FX difference of €
Slide 85: Conclusion
Conclusion The Hawthorns Southampton - United Kingdom -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: 19 years > Inflation linked rental income > Solid inves
Slide 87: Stefaan Gielens – CEO; Ingrid Daerden – CFO
Stefaan Gielens – Chief Executive Officer Ingrid Daerden – Chief Financial Officer -87-
Slide 88: 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.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 Hof van Schoten Schoten - Belgium -90-
Slide 91: Portfolio outlook: second framework agreement with Specht Gruppe
Portfolio outlook 2nd framework agreement with Specht Gruppe > Specht Gruppe will develop 10 additional care campuses in Germany − Total investment of approx. €200 million − 10 campuses with a capacity for 1,260 residents − Initial gross rental yield of approx. 5% − Master lease with Specht Gruppe,
Slide 92: Investment activity: new acquisitions (1)
Investment activity New acquisitions (1) 117 healthcare sites (~ €1,185 million) added or announced during 2019/2020 Name Type Location Location Date Date Investment Investment Pipeline Pipeline Gross rental Gross rental Completion Completion Lease Lease Operator Operator Name Type Location Date Inv
Slide 93: Investment activity: new acquisitions (2)
Investment activity New acquisitions (2) 117 healthcare sites (~ €1,185 million) added or announced during 2019/2020 Name Type Location Date Investment Pipeline Gross rental Completion Lease Operator (€ (€ million) 1 million) 1 (€ (€ million) 2 million) 2 yield yield (approx. (approx. %) %) Belgium
Slide 94: Investment activity: new acquisitions (3)
Investment activity New acquisitions (3) 117 healthcare sites (~ €1,185 million) added or announced during 2019/2020 Name Type Location Date Investment Pipeline Gross rental Completion Lease Operator Name Name Type Type Location Location Date Date Investment Investment Pipeline Pipeline2 Gross renta
Slide 95: Investment activity: new acquisitions (4)
Investment activity New acquisitions (4) 117 healthcare sites (~ €1,185 million) added or announced during 2019/2020 Name Name Type Type Location Location Date Date Investment Investment Pipeline Gross rental Completion Lease Operator Operator (€ million) (€ million) 11 (€ million) 22 yield (approx.
Slide 96: Investment activity: new acquisitions (5)
Investment activity New acquisitions (5) 117 healthcare sites (~ €1,185 million) added or announced during 2019/2020 Name Type Location Date Investment Pipeline Gross rental Completion Lease Operator (€ million) 1 (€ million) 2 yield (approx. %) Belgium 83 - Name Germany Name Type Type Location Loca
Slide 97: Investment activity: new acquisitions (6)
Investment activity New acquisitions (6) 117 healthcare sites (~ €1,185 million) added or announced during 2019/2020 Name Type Location Date Investment Pipeline Gross rental Completion Lease Operator (€ million) 1 (€ million) 2 yield (approx. %) Belgium 83 - Germany 151 403 Netherlands 128 64 United
Slide 98: Portfolio growth: development projects
Portfolio growth Development projects as of 31 December 2020 Rent Development projects1 Rent Yield2 Country Development projects Rent (in € million) (in € million) (in € million) (in € million) Triple net 171 9 5.5% BE 20 1 Double net 583 30 5.2% DE 462 22 Land reserve 2 NL 87 5 Total 756 40 UK 66 4
Slide 99: 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 100: 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 101: Sustainability: energy audit pilot project
Sustainability Energy audit pilot project > The goal is to create a solid approach for the development and management of energy-saving measures in our buildings: − Building’s energy system − Heating systems − Insulation − Lighting, etc. > Reduction targets: − 1,250,000 kWh energy use − Up to 30% ove
Slide 102: Innovative healthcare real estate
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. -102-
Slide 103: Innovative healthcare real estate
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 -103-
Slide 104: Innovative healthcare real estate
Innovative healthcare real estate Martha Flora Rotterdam > 100% green energy provided by 296 solar panels − providing sufficient energy for the thermal and hot water installation > Heat and cold storage installation − using 2 heat pumps and 125m deep sources to extract soil energy for heating and co
Slide 105: 2nd wave of infections
2nd wave of infections Daily new confirmed cases per million people -105-
Slide 106: Covid-19 vaccination
Covid-19 vaccination > Priority to care home residents & staff > Timeline Care home residents Care personnel Start rollout Exp. completion Start rollout Exp. completion BE end of Dec. '20 Mid-Mar. ‘21 mid-Jan. '21 end of Feb. '21 DE end of Dec. '20 end of Feb. '21 end of Dec. '20 end of Feb. '21 NL
Slide 107: Covid-19 vaccination
Covid-19 vaccination % of total population vaccinated -107-
Slide 108: Notes
fre j Notes aecifica |' housing with care -108-