Coima Res S p A : Half year financial report

DocuSign Envelope ID: 39881292-4FB3-4A30-AF85-A143F3E89890

Real Estate SIIQ

COIMA RES Interim condensed consolidated financial statements as of June 30th, 2021

DocuSign Envelope ID: 39881292-4FB3-4A30-AF85-A143F3E89890
◼ INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30th, 2021
INDEX
CORPORATE INFORMATION .....................................................................................................................................	3
BOARD OF DIRECTORS' REPORT.............................................................................................................................	6
SUBSEQUENT EVENTS .............................................................................................................................................	16
ITALY: ECONOMIC AND REAL ESTATE MARKET CONDITIONS ....................................................................	17
INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT/LOSS ......................................................	19
EARNINGS PER SHARE .............................................................................................................................................	20
INTERIM CONDENSED CONSOLIDATED STATEMENT OF OTHER ITEMS IN THE COMPREHENSIVE
INCOME STATEMENTS .............................................................................................................................................	20
INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION ......................................	21
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY .....	22
INTERIM CONDENSED CONSOLIDATED CASH FLOWS STATEMENT ...........................................................	23
NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ................................	24
CERTIFICATION BY THE CEO AND BY THE MANAGING DIRECTOR RESPONSIBLE FOR THE
PREPARATION OF THE CORPORATE ACCOUNTING DOCUMENTS RELATING TO THE INTERIM
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30th, 2021.......................................	61
GLOSSARY ..................................................................................................................................................................	62
INDEPENDENT AUDITOR'S REPORT .....................................................................................................................	65
INDEPENDENT APPRAISERS' REPORTS ...............................................................................................................	66

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DocuSign Envelope ID: 39881292-4FB3-4A30-AF85-A143F3E89890

• INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30th, 2021

CORPORATE INFORMATION

COIMA RES S.p.A. SIIQ (following also the "Company" or "COIMA RES"), with legal incorporation in Milan, Piazza Gae Aulenti 12, with Tax Code, Register of Company and VAT No. 09126500967 is a Real Estate Investment Trust (REIT) founded in 2015 and listed on the Italian Stock Exchange since 2016. COIMA RES' strategy is focussed on the development and active management of a high-quality real estate portfolio with a high sustainability content that is positioned to meet the current and future demand from tenants. At present, COIMA RES owns and manages a real estate portfolio mainly concentrated on the Milan office segment. COIMA RES aims to offer to its shareholders a balanced risk-return profile characterized by a stable and sustainable dividend and by the potential for appreciation of the real estate portfolio over time.

CORPORATE STRUCTURE

Established by Manfredi Catella in agreement with COIMA REM S.r.l. (previously COIMA S.r.l.), COIMA SGR S.p.A. and with Qatar Holding LLC, as primary sponsor of the venture, COIMA RES is listed on the Mercato Telematico Azionario organized and managed by Borsa Italiana S.p.A.

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DocuSign Envelope ID: 39881292-4FB3-4A30-AF85-A143F3E89890

• INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30th, 2021

	GOVERNANCE
Board of Directors 1
Caio Massimo Capuano	Chairman, not executive Director
Feras Abdulaziz Al-Naama	Vice Chairman, not executive Director
Manfredi Catella	Chief Executive Officer (CEO)
Luciano Gabriel	Independent Director
Olivier Elamine	Independent Director
Alessandra Stabilini	Independent Director
Ariela Caglio	Independent Director
Antonella Centra	Independent Director
Paola Bruno	Independent Director
Board of Statutory Auditors 2
Massimo Laconca	Chairman
Milena Livio	Standing Auditor
Marco Lori	Standing Auditor
Emilio Aguzzi De Villeneuve	Alternate Auditor
Maria Stella Brena	Alternate Auditor
Maria Catalano	Alternate Auditor
Remuneration Committee
Alessandra Stabilini	Chairwoman
Caio Massimo Capuano	Member
Olivier Elamine	Member
Investment Committee
Luciano Gabriel	Chairman
Manfredi Catella	Member
Ariela Caglio	Member
Michel Vauclair	Member
Gabriele Bonfiglioli	Member
Matteo Ravà	Member
Control and Risk Committee
Alessandra Stabilini	Chairwoman
Luciano Gabriel	Member
Paola Bruno	Member

1. In charge from April 22nd, 2021 until the approval of the financial statements as of December 31st, 2021.
2. In charge from April 22nd, 2021 until the approval of the financial statements as of December 31st, 2023.

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DocuSign Envelope ID: 39881292-4FB3-4A30-AF85-A143F3E89890

• INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30th, 2021

Internal Audit and Compliance

Internal Audit and Compliance are outsourced to a specialized company called Consilia Regulatory S.r.l., which has indicated Mr. Gianmarco Maffioli as responsible for Internal Audit function and Mr. Giacomo del Soldà as responsible for Compliance function.

Risk Manager

Risk management is outsourced to a specialized company named Quantyx Advisors S.r.l. which has indicated Mr. Andrea Di Ciancia as responsible for this function.

Independent Auditors

The shareholders' meeting held on February 1st, 2016 appointed EY S.p.A. for the audit of separate financial statements and consolidated financial statements of the Company for the period 2016-2024 in accordance with articles 14 and 16 of Legislative Decree n. 39/2010.

Executive responsible for the preparation of the company's accounting documents

Fulvio Di Gilio

Chief Financial Officer

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