Immobel Sa · EURONEXT:IMMO
Immobel Sa — Investor Presentation (September 2025)
22 slides from Immobel Sa's investor presentation, September 2025
Slide 1: Immobel Investor Presentation: Track Record, Outlook and Investment Case
IMMOBEL INVESTOR FOR CITIES FOR PEOPLE PRESENTATION TRACK RECORD, OUTLOOK AND INVESTMENT CASE Adel Yahia - CEO Karel Breda - CFO
Slide 2: Immobel at a glance
IMMOBEL at a glance We are a Belgian real estate development company that specialises in the creation of Ambitious ESG policy based on three pillars on asset level: 1 sustainable and high-quality projects across Europe, EUR 192 mio 44 Market Capitalisation 1 Projects under development encompassing r
Slide 3: 150 Years History
150 YEARS HISTORY Listed, family-owned business driven by entrepreneurial spirit Merger with ALLFIN Creation of Start of created a the Worldwide office Expansion in new IMMOBEL real estate Birth of CIB development Poland IMMOBEL Social Fund crisis 1991 2014 2017 2022 1863 1990 2008 2010 2016 2018 20
Slide 4: Immobel's Proven Business Model
IMMOBEL’S PROVEN BUSINESS MODEL Sourcing Acquisitio Developm Constructi Marketing n ent on & Sales 80 – 100 Initial Due diligence Conception and Process In-house sales screenings permitting management team Financial, legal and Collaboration with top Outsourced Private investors technical due diligen
Slide 5: Strategy
Urban Development in STRATEGY Europe’s Leading Cities – focused on high-value projects in attractive city centers. Sustainable Value Creation – integrating ESG principles, BREEAM certifications, and circular construction practices. Disciplined Financial Management – maintaining low leverage and a so
Slide 6: Real Estate Environment Today
REAL ESTATE ENVIRONMENT TODAY
Slide 7: Residential Sector
Luxembourg – Transaction Volume (number of units) RESIDENTIAL SECTOR Scarcity in major cities continues to drive prices and rents higher • Structural challenges persist across Europe: supply shortages, affordability pressures, and energy efficiency requirements continue to shape the housing sector B
Slide 8: Office Sector
OFFICE SECTOR European Office Take up (sqm) Occupier market faces pressure from the fragile economic recovery and geopolitical tensions • European office take up in H1 2025 is higher than H1 2024 and is expected to increase by 5% in 2025 YOY Office Vacancy Rate 4.5% • Office vacancy rate remains res
Slide 9: Office Sector
OFFICE SECTOR European Investment Volumes Investors remain cautious toward office sector, outside the ultra prime segment • European investment volumes across all asset classes continue to trend upwards and is expected to grow by 12% in 2025 • Investment volume expected to pick up gradually , albeit
Slide 10: Immobel Projects
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Slide 11: Brussels
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Slide 12: Luxembourg
Kiem 2050 LUXEMBOU LOCATION Boulevard Pierre Frieden - 1543 - Luxembourg RG LOCATION SURFACE AREA Places called "In Fronerbund" & "Laengst den 23 460 m² Kitschenerwe" - 8201 - Mamer - Luxembourg PROJECT TYPE SURFACE AREA Mixed 13 800m² PROJECT TYPE Residential Liewen River Place LOCATION 5, Rue Nenn
Slide 13: Paris, Germany & Poland
PARIS, GERMANY & POLAND Central Point LOCATION Corner of Marszałkowska and Tati – La Passerelle Neo Świętokrzyska streets - Warsaw Barbes SURFACE AREA 19 100m² LOCATION 2-20 boulevard Rochechouart - PROJECT TYPE 75018 - Paris Offices SURFACE AREA 7 980m² PROJECT TYPE Mixed Warschau Saint-Honoré Fran
Slide 14: Portfolio Overview
PORTFOLIO OVERVIEW
Slide 15: Portfolio with GDV of € 4 bn, of which € 2 bn permitted
PORTFOLIO WITH GDV OF € 4 BN, OF WHICH € 2 BN PERMITTED Portfolio by country Portfolio by asset class (1) Portfolio by status Time of Delivery 4% 1% 12% 29% 26% 29% 37% 28% €4 51% €4 €4 €4 7% bn bn 71% bn 46% bn 15% 10% 33% Series1 Series1 Series1 Series1 Note(s): (1) Residential includes landbankin
Slide 16: Business & Financials HY 2025
BUSINESS & FINANCIALS 1 HY 2025
Slide 17: Business
BUSINESS Sale of 4,500 m² office & retail space in Brouck’R, Brussels Sales target >900 residential units in 2025 (588 sold H1) Brunello Cucinelli flagship lease, Rue Saint-Honoré, Paris Red Bull HQ in Immobel property, Paris Construction started on Kiem2050, Luxembourg Sale of Brussels – Sainctlett
Slide 18: Financials: Positive Evolution
FINANCIALS POSITIVE EVOLUTION Operating income (EURm) +54 % 486 549 431 410 445 371 227 216 211 137 2017 2018 2019 2020 2021 2022 2023 2024 2024 2025 H1 H1 Net income (EURm) Margin 15% 21% 8% 17% 13% 6% 1% 3% 16% 102 102 33 33 92 92 32 33 57 57 55 11 12 6 4 -89 -38 2018 2019 2020 2021 2022 2023 -94
Slide 19: Conclusion
CONCLUSION Experienced Team with Proven Track Record With a temporary setback during the recent worldwide real estate crisis Strong Urban Footprint in Europe’s Capital Cities Focused on prime and attractive locations Positive Outlook Underpinned by prudent financial management and operational excell
Slide 20: NAMde AE tke
NAMde AE tke
Slide 21: Contact
Contact Immobel is one of Belgium’s largest listed property developers (Euronext Brussels: IMMO). The Group, which dates back to 1863, creates high-quality, future-proof urban environments with a positive impact on the way people live, work and play, and specialises in mixed real estate. With a mark
Slide 22: NAMde AE tke
NAMde AE tke