ANNUAL GENERAL MEETING

8 June 2021

Current Covid-19 lockdown situation

Belgium

France

Italy

Sweden

As at 8 June 2021

Our centre is open except indoor dining which will re-open on 9 June

All our centres open except indoor dining which will re-open on 9 June

All centres open

with restrictions on

F&B

All our centres open

with some minor

restrictions on F&B

Situation over the past five months

  • Open during Q1 2021 with the exception of F&B and intermittently, hair and beauty salons
  • Four week lockdown introduced on 27 March
    • This lockdown was more flexible and in addition to click & collect, non-essential stores were able to stay open and receive customers by appointment (max. capacity of 50), 80 of our 130 stores partially open
  • All stores reopened on 26 April, F&B external terraces on 8 May
  • Cinema, theatres and indoor restaurants to reopen on 9 June
  • All shopping centres comprising more than 20,000m² closed since 31 January (except essential stores)
  • Since 6 March, these restrictions were extended to a number of shopping centres of more than 10,000m²
  • A third national lockdown introduced on 3 April (closure of all non-essential retail)
  • Shops reopened on 19 May together with outdoor dining
  • Restaurants able to fully trade from 9 June
  • Colour-codedregional system placing restrictions on retail trade which led to alternated closures until 26 April
  • All stores and open air restaurants were allowed to re-open from 5am to 10pm on 26 April during weekdays
  • From 22 May, all shopping centres able to trade on weekends as well
  • From 1 June, restaurants able to welcome customers inside but only at lunchtime
  • All our shopping centres remained fully open and trading
  • There are restrictions covering the food & beverage sector and government recommendations generally do not encourage retail activity
  • From 1 June, restaurants without their own entrance located in shopping centres can have 4 persons per table

2

Our centres were closed for 2.4 months in 2020 but sales and footfall recovered quickly after reopenings

Pre-COVID

First lockdown

Stores reopening with restrictions

Second lockdown

100%

80%

60%

40%

20%

0%

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

% of Open Stores

Footfall

Sales

Note: footfall and sales as a % of 2019 excluding F&B and Entertainment

3

A well diversified €4 billion portfolio

Geographical split

Essential and every day retail*

Belgium

Non-retail

Discretionary

Italy

2%

15%

retail

Essential

39%

retail

32%

43%

Sweden 22%

24%23%

France

Every day

* Includes parts of the shopping centres not owned by Eurocommercial

retail

4

Resilient indicators in an unprecedented context

Vacancy rate

Rent collection rate

100%

99% 99%

88% 96%

94%

91%

5.0%

77%

82%

73%

4.0%

50%

3.0%

1.5%

2.0%

0%

1.0%

Q1 20

Q2 20

Q3 20

Q4 20

Q1 21

0.0%

Pre concessions granted

Post concessions granted

Dec-11Dec-12Dec-13Dec-14Dec-15Dec-16Dec-17Dec-18Dec-19Dec-20Mar-21

Uplift on renewals/relettings

35%

30%

25%

20%

9.4%

15%

10%

5%

0%

Jun-18

Jun-10

Dec-10

Jun-11

Dec-11

Jun-12

Dec-12

Jun-13

Dec-13

Jun-14

Dec-14

Jun-15

Dec-15

Jun-16

Dec-16

Jun-17

Dec-17

Dec-18

Jun-19

Dec-19

Jun-20

Dec-20

12-month valuation change - Dec 2020

Belgium

France

Italy

Sweden ECP portfolio

0%

-2%

-1.6%

-4%

-3.7%

-3.8%

-6%

-4.4%

-6.0%

-8%

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

Eurocommercial Properties NV published this content on 08 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2021 09:10:03 UTC.