Vib Vermoegen Ag · XETR:VIH1
Vib Vermoegen — VIB Vermögen — H1 2026 Earnings Presentation
29 slides from Vib Vermoegen's earnings presentation, Aug 25, 2026
Slide 1: The Logistics and Office Powerhouse – Half-Year 2026
1. Half-Year 2026 The Logistics and Office Powerhouse Company Presentation
Slide 2: The Logistics and Office Powerhouse
Company The Logistics and Office Powerhouse One Strategy – two Segments: Expertise in high-yield commercial real estate Commercial Portfolio Institutional Business Property Management Property Management for of own Portfolio Institutional Investors A three-decade evolution to become a successful dev
Slide 3: Commercial Portfolio and Institutional Business
Company Commercial Portfolio Institutional Business Transact Transact Property acquisitions Acquiring suitable properties to sell them Plot acquisitions at the right time at a higher value Operate Operate Property management Aktively managing the respective (fund) Inventory optimisation
Slide 4: Investment Highlights for Sustainable Value Generation for all Stakeholders
Company Investment Highlights for Sustainable Value Generation for all Stakeholders VIB has established itself on the market as a leading investment house in the areas of commercial portfolio and institutional business Resilient business model through diversification in the Commercial Portfolio
Slide 5: Real Estate Portfolio: Commercial Portfolio
Real Estate Portfolio: Commercial Portfolio
Slide 6: Real Estate KPIs
Commercial Portfolio Real Estate KPIs Trend in annualised net rental income and vacancy rate Breakdown of industry shares in the annualised net rental income of own properties (as of 30/6/2026) 120 800 102.3 1%1% 99.6 700 100 92.0 91.6 93.8 600 80 75.5 37% 500 Mill. EUR 60 400 Net rental income Logi
Slide 7: Ongoing Project Developments in the Logistics Sector
Commercial Portfolio Ongoing Project Devlopments in the Logistics Sector 1 Erding | „GreenBiz Park“ Secured development pipeline: Own development until 2027/2028 Ca. 79,000 sqm (total) Investments total: Ca. 64,000 sqm Light Industrial -> thereof 100% marketed ca. EUR 206 million Ca. 15,00
Slide 8: GreenBiz Park Project in Erding now 96% pre-let
Commercial Portfolio „GreenBiz Park“ Project in Erding now 96% pre-let Optimal motorway access; located just 15 minutes from Munich Airport Project in numbers Floor areas suitable for various use classes include: 107,000 sqm 79,000 sqm EUR 161 million − four industrial warehouses with footprints
Slide 9: Real Estate Portfolio: Institutional Business
Real Estate Portfolio: Institutional Business
Slide 10: Institutional Business (IBU) significantly expanded
Institutional Business Institutional Business (IBU) significantly expanded Successful property management for institutional investors Porfolio value (Assets under Management) at 7.9 billion EUR as of 30/6/2026 (31/12/2025: 8.3 billion EUR) − 142 properties (31/12/2025: 147 properties) − 2.5 millio
Slide 11: IBU Key Facts
Institutional Business IBU Key Facts Assets under Management (AuM) by asset classes (30/6/2026) Investment partner (30/6/2026) 0.3% 2.2% 17.4% 12% 35% Logisticts & Light Industrial 167 Pension funds, public asset AuM Office Institutional funds 7.9 billion euros Investors Savings banks and Retail 26%
Slide 12: ESG
ESG
Slide 13: The Three Pillars of Our Sustainability Strategy
ESG The Three Pillars of Our Sustainability Strategy – in Sync and of Equal Significance An Integrated Sustainability Strategy VIB Sustainability Strategy Profitable long-term corporate development dovetailed with environmental and social responsibility Economy Ecology Governance & Social Economic f
Slide 14: Environmental Sustainability within the VIB Group
ESG Environmental Sustainability within the VIB Group Transparent reporting Energetic optimisation upgrades Photovoltaics Sustainable construction methods EPRA “Gold” Sustainability Award Modernisation of heating Installation of PV systems in all new- Certification to the DGNB systems, therm
Slide 15: Modern PV Systems Reduce Pollution and Help Ensure Sustainable Use of Fossil Fuels
ESG Modern PV Systems Reduce Pollution and Help Ensure a Sustainable Use of Fossil Fuels Installed photovoltaics capacity in VIB Group (in kWp, 31/12/2025) Newly installed PV capacity in 2025: ~ 6,300 kWp > This means that total capacity has increased almost eightfold compared 31,300 ** to 2020! 25,
Slide 16: Key Financial Figures
Key Financial Figures
Slide 17: Consolidated Income Statement (IFRS)
Key Financial Figures Consolidated Income Statement (IFRS) in EUR THOUSAND 1. HY 2026 1. HY 2025 Gross rental income 46,766 50,182 Earnings from operating and ancillary costs 12,836 9,647 Expenses from operating and ancillary costs -13,512 -10,326 Other property-related-expenses -5,220 -4,987 Net re
Slide 18: Consolidated Income Statement (IFRS)
Key Financial Figures Consolidated Income Statement (IFRS) In EUR THOUSAND 1. HY 2026 1. HY 2025 Earnings attributable to associated companies 250 0 Interest income 1,566 19,450 Interest expense -14,943 -14,727 Earnings before tax 3,342 37,487 Imcome tax -7,180 -4,642 Deferred tax 6,411 -2,104 Conso
Slide 19: Consolidated Balance Sheet as of 30/6/2026
Key Financial Figures Consolidated Balance Sheet as of 30/6/2026 in EUR million Assets Equity and Liabilities Equity ratio: Non-current 1,104 Equity assets 30/6/2026: 49.4% Non-current liabilities 31/12/2025: 47.3% Current assets 2,089 Current liabilities LTV: 30/6/2026: 41.2% 916 31/12/2025
Slide 20: Key Financials: 5-Year Development
Key Financial Figures Key Financials: 5-Year Development Gross rental income (in EUR million) 103.8 + 37% 93.8 Funds from Operations (FFO, in EUR million) 90.3 86.9 88.9 79.5 80.5 2021 2022 2023 2024 2025 72.6 Earnings from property management fees (in EUR million) 62.7 41.3 58.6 2021 2022 2023 2024
Slide 21: EPRA Financial Reporting
Key Financial Figures EPRA Financial Reporting 1. HY 2026 1. HY 2025 ∆ EPRA earnings EUR THOUSAND 18,539 36,374 -49.0% EPRA earnings per share EUR 0.56 1.10 -49.1% 30/6/2026 31/12/2025 ∆ EPRA-NRV EUR THOUSAND 1,340,643 1,309,996 +2.3% EPRA NRV per share EUR 40.56 39.63 +2.3% EPRA-NDV EUR THOUSAND 92
Slide 22: Guidance 2026: Stable Profitability Ensures Long-term Success
Outlook 2026 Guidance 2026: Stable Profitability Ensures the Long-term Success of VIB Vermögen AG 103.8 Gross rental income: EUR 85 - 95 million 41.3 Earnings from property management fees: EUR 53 - 63 million 80.5 FFO (Funds from Operations): EUR 60 - 70 million Stable earnings development in the s
Slide 23: Stock
Stock
Slide 24: VIB Stock
Stock VIB Stock Key data Sector Real estate Securities indentification number (within Germany) A2YPDD ISIN DE000A2YPDD0 Stock symbol VIH1 Initional listing November 28, 2005 München: open market (m:access) Stock exchanges Frankfurt: open market / XETRA Share type No-par-value registered shares Share
Slide 25: VIB Stock: Share price development vs DAX, SDAX & EPRA Germany
Stock VIB Stock Share price development in comparison with DAX, SDAX & EPRA Germany (01/01/ – 30/6/2026) 120 100 80 60 40 20 0 01.01.2026 01.02.2026 01.03.2026 01.04.2026 01.05.2026 01.06.2026 DAX SDAX VIB EPRA Germany The Logistics and Office Powerhouse Company Presentation | 1. HY 2026 25
Slide 26: Annex
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Slide 27: Assets
Annex Assets Consolidated balance sheet as of 30/6/2026 in EUR THOUSAND 30/6/2026 31/12/2025 NON-CURRENT ASSETS Business or company value 275,905 275,905 Investment properties 1.514,565 1.526,570 Property, plant and equipment 6,750 6,971 Interests in associated companies 100,803 100,592 Participatin
Slide 28: Passiva Equity and Liabilities
Anhang Annex Passiva Equity and Liabilities Konzernbilanz zum 31.12.2023 in EUR THOUSAND 30/6/2026 31/12/2025 EQUITY Subscribed share capital 33,055 33,055 Share premium account 299,307 299,307 Retained earnings 133,150 104,126 Cash Flow hedges 617 699 Accumulated earnings 522,796 521,809 Equity att
Slide 29: Disclaimer
Disclaimer This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe to any securities, In case of an offer of securities the information legally required to be provided to investors will be contained only in a securities prospectus as approved by the competent aut