Befimmo : Presentation - Roadshow Sept./Oct. 2019

2

• Significant letting activity ZIN redevelopment project (delivery in 2023): office part (70,000 m²) pre-let Other lettings and renegotiations: nearly 20,000 m²
• Solid occupancy rate 95.46% (94.50% as at 31.12.2018)
• Rewarding asset rotation Opportunistic disposal of Pavilion (CBD)

Disposal of 4 non-strategic assets (Eagle in periphery and 3 Fedimmo assets)

 Coworking on track Extension of 2 existing spaces and 5 new spaces in the pipeline 100% occupancy for mature spaces

• Internal value creation 74% pre-let rate of development pipeline thanks to ZIN transaction

	Fair value	Uplift of 2.97% on a like-for-like basis (€2,685.7 million as at 30.06.2019)
	investment properties
	NAV	€59.24 per share (€56.42 per share as at 31.12.2018)
	EPRA earnings	€1.71 per share (real estate operator business) (€1.91 as at 30.06.2018).
	Dividend forecast	€3.45 gross per share for fiscal year 2019

	Debt ratio (LTV)	40.68% (43.62% as at 31.12.2018)
	Cost of debt	1.98% (2.01% for fiscal year 31.12.2018)
	Debt maturity	4.54 years (4.84 years as at 31.12.2018)

4