Allreal : Presentation HY 2023

Allreal Group:

Analysts' and media conference Wednesday, 30 August 2023

Solid results in the first half of 2023

Stephan Widrig

CEO

Marc Frei

Head of Finance

Half-year Report 2023

Agenda

• Half-yearresults for 2023
• Real Estate highlights
• Development and Realisation highlights
• New management continues strategy
• Questions and discussion

30 August 2023

Allreal Group - first half of 2023

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Half-year Report 2023

Agenda

• Half-yearresults for 2023
• Real Estate highlights
• Development and Realisation highlights
• New management continues strategy
• Questions and discussion

30 August 2023

Allreal Group - first half of 2023

3

Half-year results for 2023

Overview

• Net profit in line with expectations
• Higher rental income in the Real Estate division and only slight devaluations in the portfolio
• Gross margin in Projects & Development division in line with target value
• Capital recycling an important part of the financing strategy
• Outlook for 2023 full year specified
• Marc Frei becomes a member of Group Management as CFO

30 August 2023

Allreal Group - first half of 2023

4

Half-year results for 2023 - Group Net profit in line with expectations

CHF million

81.8

-18.5%

66.7

H1 2022

H1 2023

Net profit excl. revaluation effect

82.7

-46.4%

44.3

H1 2022

H1 2023

Net profit incl. revaluation effect

• As expected, net profit excl. revaluation effect is below the previous year's level
• Net profit incl. revaluation effect falls disproportionately as a result of the slight devaluation of the portfolio
• Half-yearresults affected by lower income from the sale of development real estate, as well as a higher net financial expense

30 August 2023

Allreal Group - first half of 2023

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