Adler S A : Earnings Document

QUARTERLY FINANCIAL

REPORT 2021

Q2

Key FiguresQ2

Profit and loss statement

In EUR thousand

Income from rental activities

EBITDA from rental activities

EBITDA from rental activities margin

EBITDA Total

FFO 1 (from rental activities)

FFO 2 (incl. disposal results and development activities)

				For the
		For the three months	year
For the six months ended		ended	ended
30 June	30 June	30 June	30 June	31 Dec
2021	2020	2021	2020	2020
230,507	147,897	118,100	118,463	383,906
112,545	77,302	58,331	59,595	187,014
64.7%	67.3%	65.1%	68.6%	63.7%
167,190	82,538	107,037	64,119	247,349
67,750	44,311	35,423	32,853	107,128
94,082	49,547	72,474	37,377	126,654

Further KPIs

Monthly in-place rent (EUR per m2)

Total vacancy rate

Number of units

Like-for-like rental growth

Balance sheet

In EUR thousand except per share data

Fair value of properties

LTV

EPRA NRV

EPRA NRV per share (EUR)

EPRA NTA

EPRA NTA per share (EUR)

(*) Including ground floor commercial units and excluding units under renovation and development projects.

30 June 2021	31 Dec 2020
EUR 6.55	EUR 6.30
3.8%	3.4%
69,701	69,722
4.3%	2.2%

30 June 2021

31 Dec 2020

12,570,34511,430,611

54.7%53.4%

6,542,5616,037,159

55.6851.38

4,949,897 4,442,583

42.1237.81

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Adler Group Q2 2021 Quarterly Financial Report

Adler Group Q2 2021 Quarterly Financial Report

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We want to ensure people have the living space they need - today and tomorrow. We provide affordable contemporary housing and create new visionary real estate projects that are fit for the future.

adler-group.com

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Adler Group Q2 2021 Quarterly Financial Report

Adler Group Q2 2021 Quarterly Financial Report

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Content

• To our Shareholders

1. About the Company

1. Key Facts & Figures

1. 2021 Milestones

1. Adler Group Share

2 Interim Management Report

1. Fundamentals of the Group

1. Portfolio Overview

1. Financial Overview

1. Material Events in the Reporting Period and Subsequent Events

1. Forecast Report
2. Responsibility Statement

3 Condensed Consolidated Interim Financial Statements

52 Report of the Réviseur d'Entreprises agréé

1. Condensed Consolidated Interim Statement of Financial Position

1. Condensed Consolidated Interim Statement of Profit or Loss
2. Condensed Consolidated Interim Statement of Comprehensive Income
3. Condensed Consolidated Interim Statement of Cash Flows

1. Condensed Consolidated Interim Statement of Changes in Equity

1. Notes to the Condensed Consolidated Interim Financial Statements

4 Financial Calendar & Imprint

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Adler Group Q2 2021 Quarterly Financial Report

Adler Group Q2 2021 Quarterly Financial Report

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• TO OUR SHAREHOLDERS
  About the Company

Welcome to

• TO OUR SHAREHOLDERS
  About the Company

Adler Group is one of Germany's leading housing com

panies. With a portfolio comprising	out 70,000 resi
dential units spread out across the	public and a de

velopment pipeline boasting in excess of 10 000 flats in the country's top 7 cities, we are actively shaping the future of the German real estate market.

ADLER can look back on a long and tinguished histo

ry. As a manufacturer of bicycles, cars and typewriters

the Company has been a household ame since 1880

and has become a synonym for reliability and pioneering spirit. Adler Group aspires to nurture this spirit and as a housing company create living spaces here people feel comfortable and will wish to live for years to come.

We excel through our role as a pioneer in the field of technology and our pursuit of perfection. We are a modern company which goes about doing what it does best with true passion: the creation of holistic, visionary and sustainable living spaces.

As a brand that can fall back on a long tradition in Ger- many, we see ourselves as being an integral part of the society we live in. And we are here to stay.

RESIDENTIAL RENTAL	DEVELOPMENT PIPELINE
PORTFOLIO

69,701	10,000
units	units

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Adler Group Q2 2021 Quarterly Financial Report

Adler Group Q2 2021 Quarterly Financial Report

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