Slide 1: Investors Presentation
INVESTORS PRESENTATION Presented by M. Van Geyte & T. Rens 17 February 2022 www.nextensa.eu
Slide 2: Table of Contents
TABLE OF CONTENTS CHAPTER 01 Where we are CHAPTER 02 Where we are going CHAPTER 03 Project highlights CHAPTER 04 Key financials Q&A
Slide 3: Chapter 01: Where we are
CHAPTER 01 WHERE WE ARE
Slide 4: Nextensa in a nutshell
CHA. 01 - W H E R E W E A R E NEXTENSA IN A NUTSHELL Nextensa is a leading Belgian Real Estate investor and developer who’s mission is to create “Places YOU prefer” MISSION We uncover opportunities and turn them into valuable growth for all stakeholders. Besides creating pioneering neighborhoods, we
Slide 5: Investment highlights
CHA. 01 - W H E R E W E A R E A UNIQUE COMBINATION OF A REAL ESTATE INVESTOR AND AN INDUSTRY LEADING DEVELOPER. MARKET BUSINESS PROFILE Well-positioned for growth in Unique business profile combining an attractive and developped iconic high-return real estate portfolio INVESTEMENT HIGHLIGHTS geograp
Slide 6: Investments, project development and participation overview
CHA. 01 - W H E R E W E A R E INVESTMENTS PROJECT DEVELOPMENT PARTICIPATION Number of IN CONSTRUCTION PERMITS ACQUIRED IN STUDY Retail Estates 37 buildings 1 351 320 Residential m2 shares 514 600 Value N/A 29 287 36 520 32 401 93 000 12 000 €96 484 248 Fair value €1 407 918 671 m2 m2 m2 m2 m2 Office
Slide 7: Chapter 02: Where we are going
CHAPTER 02 WHERE WE ARE GOING
Slide 8: Our mission: creating places you prefer
CHA. 02 - W H E R E W E A R E G O I N G OUR MISSION: CREATING PLACES YOU PREFER Through using its combined assets and extensive expertise, Nextensa aims to position itself as: A major player in urban development A high-end Real Estate and a larger scale developer A front-runner in sustainable buildi
Slide 9: Our ambition: leading by example
CHA. 02 - W H E R E W E A R E G O I N G OUR AMBITION: LEADING BY EXAMPLE We aim to excell in sustainable urban real estate investments and developments by creating places our clients prefer to live, work, shop, relax. Preferred places : Are climate adaptive: by location and through technological inn
Slide 10: Our acquisitions & investments perspectives
CHA. 02 - W H E R E W E A R E G O I N G OUR ACQUISITIONS & INVESTMENTS PERSPECTIVES NEW OPPORTUNITIES TO BE ASSESSED AGAINST FOLLOWING CRITERIA Focus on cities : Brussels - Luxembourg – Vienna – Antwerp – Ghent Active search for large scale sites or opportunities inner-city Priority to mixed-use pot
Slide 11: Our developments & project management criteria
CHA. 02 - W H E R E W E A R E G O I N G OUR DEVELOPMENTS & PROJECT MANAGEMENT CRITERIA A L L D E V E L O P M E N T S T O B E B R E E A M / D G N B / W E L L (*) C E R T I F I E D CO2 neutrality - life cycle approach as a base principle - following GRI guidelines Focused on wellbeing for all clients
Slide 12: Our asset & property management criteria
CHA. 02 - W H E R E W E A R E G O I N G OUR ASSET & PROPERTY MANAGEMENT CRITERIA ALL ASSETS TO BE BREEAM IN USE CERTIFIED TO SET UP RESPONSIBLE MANAGEMENT PLANS PREPARE GRI & TAXONOMY REPORTING TOOLS Interact & mutual fuel ESG plans with our clients (tenants) Set up partnerships with innovative busi
Slide 13: Nextensa is focused on
CHA. 02 - W H E R E W E A R E G O I N G NEXTENSA IS FOCUSED ON Developing new properties with the aim of building a sustainable investment portfolio Regular divestments to unlock added value from the portfolio Build a recurring income flow through lease contracts and residential sales 1 3 l N E X T
Slide 14: Chapter 03: Project highlights
CHAPTER 03 PROJECT HIGHLIGHTS
Slide 15: Investment portfolio
CHA. 03 – P R O J E C T H I G H L I G H T S INVESTMENT PORTFOLIO PROJECT HIGHLIGHTS
Slide 16: KPI's of our investment portfolio
CHA. 03 – KPI’s of our investment portfolio 1 6 l N E X T E N S A B U S I N E S S S T R A T E G Y
Slide 17: Gare Maritime
CHA. 03 – P R O J E C T H I G H L I G H T S GARE MARITIME Brussels (BE) Mixed-use 58.085 m² Current rental income 6.6 mio €/year Expected additional rental income of 2.4 mio € Multi tenants : Accenture, Spaces, Universal Music, Bosch, Siemens, Bruxelles Formation, Collibra, Publicis Construction wor
Slide 18: Gare Maritime tenants
CHA. 03 - PROJECT HIGHLIGHTS BRUXELLES [|°, BRUXELLES collibra’ FORMATION FORMATION J eae egg rtlys | egg tls a « Mublici$ a — B/S/H/ MODULE 10 3.400 M2 Woatowioe | univensat music eevorum o @poscn sieMENS S=** MODULES POSTE 2.500 M2
Slide 19: Gare Maritime Food Market
CHA. 03 – P R O J E C T H I G H L I G H T S GARE MARITIME FOOD MARKET The Gare Maritime Food Market is a showcase of the Belgian gastronomy around featuring the Belgian terroir with 10 new street food concepts by 10 top chefs. It is a playground for culinary experience and events that enhances a loc
Slide 20: Hôtel des Douanes
CHA. 03 – P R O J E C T H I G H L I G H T S HÔTEL DES DOUANES Brussels (BE) Office 6.433 m² Investment of 12 mio € Expected rental income of 1.5 mio € Refurbishment works started Q1 2022 to be finalised in Q3 2023 Vacant but exceptional building 2 0 l N E X T E N S A B U S I N E S S S T R A T E G Y
Slide 21: Sheds
CHA. 03 – P R O J E C T H I G H L I G H T S SHEDS Brussels (BE) Event Venue Brafa left but aiming for leases with fixed terms 17.410 m² Expected rental income of 2 mio € by early 2024 Extra investment of 4 mio € 2 1 l N E X T E N S A B U S I N E S S S T R A T E G Y
Slide 22: Maison de la Poste
CHA. 03 – P R O J E C T H I G H L I G H T S MAISON DE LA POSTE Brussels (BE) Events, Conferences & Meetings Venue 4,084 m² Expected turnover of 2 mio € - Covid has disrupted the activities, but full house in September and October 2 2 l N E X T E N S A B U S I N E S S S T R A T E G Y
Slide 23: Moonar
CHA. 03 – P R O J E C T H I G H L I G H T S MOONAR Luxembourg Airport Office 22.000 m² New redevelopment. Rental income of 5.7 mio € Expected to rise to 8.5 mio € by early 2025 Investment of 34 mio € - Renovation Final delivery building Q4/ 2023 2 3 l N E X T E N S A B U S I N E S S S T R A T E G Y
Slide 24: Schmiede
CHA. 03 – P R O J E C T H I G H L I G H T S SCHMIEDE Luxembourg Shopping center of 25,500 m² 8.500 sqm of extension Investment of 28.4 mio € / cost spent 19 mio € Total rental income of 5.5 mio € expected rental income 6.5 mio € by end of 2023 A part of the shopping under refurbishment End of works
Slide 25: Sales program, forward looking
THE CRESCENT CHA. 03 – P R O J E C T H I G H L I G H T S SALES PROGRAM, FORWARD LOOKING In the course of 2022, based on the current investment criteria, some assets will be sold (The Crescent, Monnet and CFM). This will lead to a loss of annual rental income of 6.5 mio € but compensated by an increa
Slide 26: Timeline Belgium & Luxembourg investment
TIMELINE BELGIUM & LUXEMBOURG INVESTMENT 2022 2023 2024 2025 Sales Monnet First lease Vacancy Gare (Feb) Moonar Batiself Maritime 100% let Sales CFM Montimmo Hotel des (dec) 100% let Douanes 100% Strassen start let construction Sales The First income Crescent (jan) Schmiede Gar
Slide 27: Development portfolio
CHA. 03 – P R O J E C T H I G H L I G H T S DEVELOPMENT PORTFOLIO PROJECT HIGHLIGHTS
Slide 28: Monteco
CHA. 03 – P R O J E C T H I G H L I G H T S MONTECO Brussels (BE) Office – First Wooden building in Quartier Leopold 3.655 m² Budget of 15 mio € / cost spent 6 mio € Under construction Let to Bank Nagelmackers for a 12 years lease 2 8 l N E X T E N S A B U S I N E S S S T R A T E G Y
Slide 29: Park Lane I
CHA. 03 – P R O J E C T H I G H L I G H T S PARK LANE I Brussels (BE) Residential Construction 2019-2022 434 apartments 921 parking spaces 6 commercial units Status: 319 apartments sold (leaving only 11 apartments for sale) Last apartments will be delivered in May 2022 2 9 l N E X T E N S A B U S I
Slide 30: Park Lane II
CHA. 03 – P R O J E C T H I G H L I G H T S PARKLANE II Brussels (BE) Residential 352 units – 36,500 m² - 11 buildings 252 underground private parking spaces : Ratio of 0,76 car/apartment 685 Bike Parking : Ratio of 1,94 bike/apartment Permit was obtained in 2021 Works will start in April 2022 3 0 l
Slide 31: Park Lane summary
CHA. 03 - PROJECT HIGHLIGHTS Park Lane | summary | 12.02.2020] prreartersttrsr itt 1 mira . = | Dayton 3 Central Be Fain - | Admiral ete oe oes mac > = Easton
Slide 32: Timeline Belgium development
TIMELINE BELGIUM DEVELOPMENT 2022 2023 2024 2025 2026 2027 Start Construction Work in Work in DeliveryPhase Delivery Phase Start Phase II T&T progress progress II T&T II T&T revenues (April) (36,520 Phase II Phase II T&T lake side A T&T Work in Work in & B for 4 m²) Start progress
Slide 33: Cloche d'Or, a mixed-use project
CHA. 03 – P R O J E C T H I G H L I G H T S CLOCHE D’OR, A MIXED-USE PROJECT
Slide 34: Cloche d'Or, a mixed-use project
CHA. 03 – P R O J E C T H I G H L I G H T S CLOCHE D’OR, A MIXED-USE PROJECT Luxembourg In partnership with Promobe, Nextensa operates in the office and residential sectors By 2025: 25.000 persons on site (live,work,shop) 15% Commercial 30% Residential 5% Office Space More than 130 shops
Slide 35: Cloche d'Or: office
CHA. 03 – P R O J E C T H I G H L I G H T S DARWIN II CLOCHE D’OR, A MIXED-USE PROJECT OFFICE Banca project (10,000 sqm) was sold to end user Banca Intesa Sanpaolo in 2021 for approx. € 89 million January 2022 : the Kockelscheuer building (4,000 sqm) was sold for € 48 million. The building was fully
Slide 36: Cloche d'Or: residential
CHA. 03 – P R O J E C T H I G H L I G H T S CLOCHE D’OR, A MIXED-USE PROJECT RESIDENTIAL Project "D-Sud" (151 apartments and 11 retail units): Almost completely delivered and sold (except for the retail units on the ground floor). LOIs have already been signed for leasing. Project D-Nord (195 apartm
Slide 37: The Emerald: upcoming project
CHA. 03 – P R O J E C T H I G H L I G H T S THE EMERALD: UPCOMING PROJECT: Office 6,841m2 6 floors 40 parking spaces Breeam Excellent certification (target) LOI with the tenants for 40% 3 7 l N E X T E N S A B U S I N E S S S T R A T E G Y
Slide 38: Timeline Luxembourg development
TIMELINE LUXEMBOURG DEVELOPMENT 2022 2023 2024 2025 2027 Darwin I (5,052) Darwin II Darwin I (5,052 D5 -10 150 Residential lot 100% let to CMS excecution of m²) delivered units delivered E, 12,000m² & At Home in option delivered construction & Emerald White House sold D nord 195 Deli
Slide 39: Chapter 04: Key financials
CHAPTER O04 KEY FINANCIALS
Slide 40: Key performance indicators
CHA. 04 – K E Y F I N A N C I A L S KEY PERFORMANCE INDICATORS 4 0 l N E X T E N S A B U S I N E S S S T R A T E G Y
Slide 41: Income statement 2021
CHA. 04 – K E Y F I N A N C I A L S INCOME STATEMENT 2021 The income statement consists of 12 months results from Leasinvest Real Estate and 6 months from Extensa Group* (as of 01/07/2021). KEY ITEMS Increase in rental income (+ € 5,3M) Result of development activities (+ € 15,4M) - Tour & Taxis (€
Slide 42: Funding
CHA. 04 – K E Y F I N A N C I A L S FUNDING Consolidated debt of € 913,6 M: - € 837 M debt related to the investment portfolio - € 76 M debt related to the development portfolio Financial debt ratio is 48,56% Loan-to-value of the investment portfolio amounts to 55,64% The hedge ratio amounts to 67%
Slide 43: Consolidated income statement
CHA. 04 – K E Y F I N A N C I A L S CONSOLIDATED INCOME STATEMENT consolidated income statement (in 1.000 €) 31/12/2021 ▲ 31/12/2020 ▲% Net rental income investment properties 65.174 5.326 59.848 8,90% Rental charges payable by the landlord -2.633 -849 -1.783 47,68% Property charges -13.693 -3.493 -
Slide 44: Consolidated balance sheet
CHA. 04 – K E Y F I N A N C I A L S CONSOLIDATED BALANCE SHEET (in 1.000 euro) (in 1.000 euro) 31/12/2021 31/12/2020 31/12/2021 31/12/2020 I. NON-CURRENT ASSETS 1.433.991 1.223.098 TOTAL SHAREHOLDERS' EQUITY 790.473 487.211 Intangible fixed assets 1.042 0 I. SHAREHOLDERS' EQUITY ATTRIBUTABLE TO 779.
Slide 45: Dividend of 2,50€/share will be distributed
CHA. 04 – K E Y F I N A N C I A L S DIVIDEND OF 2,50€/SHARE WILL BE DISTRIBUTED : THIS MEANS RETURN OF 3,2%/SHARE 4 5 l N E X T E N S A B U S I N E S S S T R A T E G Y
Slide 46: To summarize
TO SUMMARIZE Impressive pipeline Concentration on Letting program Success of the Gare Maritime Food market Residential Sales at T&T & Luxembourg on track Executing sales program towards lower debt degree 45 procent Recurrent streams will guarantee growing dividend Exceptional profit will be generate
Slide 47: Nextensa - Places you prefer
nextensa- PLACES YOU PREFER