Courbet Heritage · EURONEXT:MLCOU
Courbet Heritage — Investor Presentation (April 2025)
45 slides from Courbet Heritage's investor presentation, Apr 1, 2025
Slide 1: Courbet Héritage
Courbet Héritage SPECIAL SITUATION INVESTMENTS Real Estate & Hospitality 1
Slide 2: Executive Summary
Executive Summary Courbet Heritage develops unique experiential real estate projects, investing in brand cities that have unique infrastructure and proven demand. Our investment thematic includes: • Motorsports: Acquired two buildings and land (350 more ha are available) around the legendary Magny-C
Slide 3: Jean-François OTT – Value-Add Track Record
Jean-François OTT – Value-Add Track Record United Kingdom Germany Poland Czech DÜSSELDORF | 32,000 m2 Luxembourg Republic Slovakia WARSAW | 80,000 m2 One of few high-rise towers in Düsseldorf with a height of 90m. Hungary Highest residential building in Continental Europe with a France Croatia heigh
Slide 4: Jean-François OTT – Hospitality Expertise
Jean-François OTT – Hospitality Expertise Founder of the MaMaison Hotels & Residences Brand and Portfolio MaMaison Residence MaMaison Riverside MaMaison Le Regina Palace Elisabeth Belgickà Prague Hotel Prague Boutique Hotel Heritage Hotel Hvar Surrounded by historic parks and Located on the Vltava R
Slide 5: Courbet Heritage – Portfolio
Courbet Heritage – Portfolio Magny-Cours Prague La Bourboule Grasse Lourdes Cannes 5
Slide 6: Courbet Heritage – Portfolio
Courbet Heritage – Portfolio Hotel Appraised Asset Net Asset % Net Asset Land Keys Value Debt Value Ownership Value Structure Mozart Prague 70 54.0 -21.0 33.0 100% 33.0 FS* Kyriad Cannes Mandelieu 97 7.7 -1.5 6.2 67% 4.2 GL** Cannes International School n/a 12.0 0.0 12.0 100% 12.0 GL Hotel Christ Ro
Slide 7: Courbet Heritage – Experiential Portfolio
Courbet Heritage – Experiential Portfolio The Mozart Hotel, Prague Hotel Victoria, Grasse €40M incremental investment €20M incremental investment • 5* hotel in the best location in Prague. • Iconic 1903 hotel in the world’s • Direct views of the Charles Bridge and perfume capital. the Vltava river.
Slide 8: Courbet Heritage – Experiential Portfolio
Courbet Heritage – Experiential Portfolio Lourdes – Consolidation Magny-Cours racetrack €50M incremental investment €30-200M+ incr. investment • One of the world’s major Catholic • Initial acquisition of 3 lots around pilgrimage destinations, the site of the historical track (one of 3 FIA miracles w
Slide 9: Courbet Heritage Development Portfolio
Courbet Heritage Development Portfolio Besides a proven track record of opportunistic deals – often with motivated local authorities – our assets all have value-add potential, whether to: a. Increase in size: doubling Kyriad and Cannes International Campus, expanding and upgrading Prague. b. Consoli
Slide 10: The Mozart: 5* Luxury hotel in Prague
The Mozart: 5* Luxury hotel in Prague 10
Slide 11: The Mozart: 5* Luxury hotel in Prague
The Mozart: 5* Luxury hotel in Prague One of the most visited cities in Europe: Prague is becoming a premier luxury destination, following the trend of Rome and Madrid. Prague has a successful hotel market attracting all the international luxury brands. Prague’s luxury hotel scene is rising, the off
Slide 12: The Mozart: Unique Setting
The Mozart: Unique Setting 12
Slide 13: The Mozart: Legacy Property
The Mozart: Legacy Property 13
Slide 14: The Mozart: Potential
The Mozart: Potential 14
Slide 15: Kyriad Cannes Mandelieu: Growth Opportunity
Kyriad Cannes Mandelieu: Growth Opportunity 15
Slide 16: Kyriad Cannes Mandelieu: Growth Potential
Kyriad Cannes Mandelieu: Growth Potential Kyriad Cannes Mandelieu is a newly-renovated hotel within the private airport near the main highway and a 15-minute drive to the Croisette. Attractive Market: Cannes is a top convention destination with 50 international events annually, including the Film Fe
Slide 17: Cannes International Campus: Education and Hospitality in an Underserved Market
Cannes International Campus: Education and Hospitality in an Underserved Market 17
Slide 18: Cannes International Campus
Cannes International Campus Prime Location & Infrastructure • 1 ha property with direct beach access in Cannes: 6,000 m2 of existing facilities (classrooms, student housing, restaurant, gym, theater, and a chapel) with entitlements for an additional 5,000 m2. • Founded in 1931 as a French language a
Slide 19: Cannes International Campus
Cannes International Campus Already agreed to operate part of the property as a Hosho (with Louvre Hotels group), we have ambitions to turn the Cannes International Campus into a broad hospitality-focused education institution, in partnership with global brands. Strategic Business Model & Revenue St
Slide 20: Cannes International Campus
Cannes International Campus 20
Slide 21: La Bourboule: Create a Wellness Destination
La Bourboule: Create a Wellness Destination 21
Slide 22: La Bourboule: Thermal Spa Town
La Bourboule: Thermal Spa Town La Bourboule is the premier site of thermal asthma and skincare treatment in France, located in the Auvergne region. The Grand Médicis Hotel is an 8,000 m2 property in La Bourboule, a historic thermal spa town, which we intend to reposition under a Best Western Plus fr
Slide 23: Grasse: Luxury Hospitality in the World Perfume Capital
Grasse: Luxury Hospitality in the World Perfume Capital 23
Slide 24: Hotel Victoria Grasse: 5* Luxury hotel
Hotel Victoria Grasse: 5* Luxury hotel In January 2025, Courbet Heritage acquired the Hotel Victoria in Grasse, a 1903 historic building, former summer residence for European Royalty, in the world’s capital of perfume, just 12 km from Cannes. Attractive market: Grasse is a legendary location, home o
Slide 25: Hotel Victoria Grasse: 5* Luxury hotel
Hotel Victoria Grasse: 5* Luxury hotel 25
Slide 26: Magny-Cours: Formula 1 Experience
Magny-Cours: Formula 1 Experience 26
Slide 27: Magny-Cours: Formula 1 Experience
Magny-Cours: Formula 1 Experience • March 2025: Courbet Heritage has secured control (70-year ground lease) of three plots around the racetrack from the local public authority, including: • Two buildings for future hotels: a 3* lifestyle and a 5* luxury hotel/resort with spa (such as Aman, Six Sense
Slide 28: Magny-Cours: a €30M to €200M+ opportunity
Magny-Cours: a €30M to €200M+ opportunity Phase 1: Hotels 2 hotels: 3* lifestyle + 5* luxury Phase 4: Golf Course 200 keys, spa, high-end restaurants Golf Course Renovation Total Investment: €30M for phase High End Villas 1 Clubhouse Total Investment: TBD (€50M+) Phase 3: Experiences Go Karting Phas
Slide 29: Lourdes: Catholic Pilgrimage Experience
Lourdes: Catholic Pilgrimage Experience 29
Slide 30: Lourdes: a €50M Consolidation Opportunity
Lourdes: a €50M Consolidation Opportunity The site of the Massabielle cave in Lourdes, where the Virgin Mary appeared to Saint Bernadette Soubirous in 1858, has become a major pilgrimage for the world’s 1.4 billion Catholics. Lourdes is the 3rd most popular destination in France in terms of rooms, w
Slide 31: The Courbet Heritage Team
The Courbet Heritage Team 31
Slide 32: The Team: Executive committee
The Team: Executive committee JEAN-FRANÇOIS OTT CEO THOMAS DE CLERCQ REBECCA CHAUSSAT ANNA ALBELO BRAD TAYLOR Deputy CEO Deputy CEO CFO General Counsel 32
Slide 33: The Team: The Board
The Team: The Board JEAN-FRANÇOIS OTT PRESIDENT MICHAEL BENMOUSSA EMMANUEL BLOUIN BRAD TAYLOR Board Member Board Member Board Member 33
Slide 34: Our Partners
Our Partners j : J.P Morgan “4 UniCredit A g ACCOR SOCIETE oldman mM tt GENERALE achs Narr 0! 43 Memo Bank bpi fra nce CREDIT AGRICOLE @ =); & RiverBank Best Western. CSOB Hotels&Resorts = = = = [i rc vsviry BW 34
Slide 35: What’s next for Courbet Heritage?
Appendix What’s next for Courbet Heritage? 35
Slide 36: Magny-Cours: The new “French Silverstone”
Magny-Cours: The new “French Silverstone” 36
Slide 37: Phase 1: Two hotels - €30M investment
Phase 1: Two hotels - €30M investment Hotel inspiration F&B inspiration • 3* lifestyle hotel such as Moxy, Mama Shelter, or 25Hours • Giraudi Group: Beefbar, Zeffirino. • 5* luxury hotel/resort such as Aman, Six Senses, Mandarin • Azumi Group: Zuma, Roka, Oblix. Oriental, Four Seasons, or La Reserve
Slide 38: Phase 2: Les Ecuries - €60M investment
Phase 2: Les Ecuries - €60M investment A collection of 60 modern residences and a clubhouse featuring a driver-focused gym, swimming pool, sauna, treatment rooms, restaurant, bar, and rooftop terrace. Designed for motorsport enthusiasts, including amateur racers, car collectors, and Formula 1 fans s
Slide 39: Phase 3: Experiences - €10-20M investment
Phase 3: Experiences - €10-20M investment Curate and design multiple experiences: • Dakar-style track racing, Go Kart, Formula 1 simulation, and a classic car museum. • Luxury outlet retail village like “La Vallée Village” near Paris and F&B experiences. • Potential Casino. 39
Slide 40: Phase 4: Public Golf Course – €50M+ Investment
Phase 4: Public Golf Course – €50M+ Investment Opportunity to acquire and privatize the adjacent public golf course and elevate the experience: • Turn the asset into a luxury property to match the car owners’ expectations: clubhouse, luxury amenities. • Synergies: hotels and residences, F&B, spa, en
Slide 41: Phase 5: The Racetrack - €100-150M investment
Phase 5: The Racetrack - €100-150M investment Magny-Cours has a unique opportunity to return to the Formula 1 and MotoGP calendar, but the public authorities can not afford the $30M+ yearly fee. Once facilities are built and upgraded for year-round demand: • We will have the opportunity to buy out t
Slide 42: Lourdes: A new global destination
Lourdes: A new global destination 42
Slide 43: Lourdes - Pipeline
Lourdes - Pipeline Hotel # Keys Category Ask Price (€) HÔTEL ALLIANCE 76 3* 2,332,000 GRAND HOTEL ESPAGNE 130 3* 3,180,000 HOTEL ROISSY 187 4* 7,280,000 HOTEL ASTRID 114 4* 6,500,000 HOTEL DES ROSIERS 70 3* 800,000 HOTEL MIRAMONT 92 4* 2,000,000 RÉSIDENCE VILLA MARIALE 80 3* TBD HOTEL LOUVRE VINCENE
Slide 44: Deal flow: Reenchanting destinations
Deal flow: Reenchanting destinations 44
Slide 45: Deal flow: Luberon – Paris – Monaco
Deal flow: Luberon – Paris – Monaco Courbet Heritage’s DNA is to find unique destinations, where: a. The infrastructure is irreplaceable. b. Demand is there. c. The destination makes people dream. d. The offer does not exist yet. Courbet Heritage has already identified assets to deploy its unique st
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