Immobiliare Grande Distribuzione SIIQ S p A : Presentazione roadshow maggio 2021 (5 MB - pdf)

Road Show Presentation

May 2021

Disclaimer

This presentation does not constitute an offer or an invitation to subscribe for or purchase any securities.

The securities referred to herein have not been registered and will not be registered in the United States under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or in Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would require the approval of local authorities or otherwise be unlawful. The securities may not be offered or sold in the United States or to U.S. persons unless such securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. Copies of this presentation are not being made and may not be distributed or sent into the United States, Canada, Australia or Japan.

This presentation contains forwards-looking information and statements about IGD SIIQ SPA and its Group.

Forward-looking statements are statements that are not historical facts.

These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding plans, performance.

Although the management of IGD SIIQ SPA believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of IGD SIIQ are cautioned that forward-looking information and statements are subject to various risk and uncertainties, many of which are difficult to predict and generally beyond the control of IGD SIIQ; that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements.

These risks and uncertainties include, but are not limited to, those contained in this presentation.

Except as required by applicable law, IGD SIIQ does not undertake any obligation to update any forward- looking information or statements.

Index

1Introduction to

IGD

2Operating performances

in 2020

3Portfolio and projects

4Sustainability

Pag. 4	FY2020 and 1Q2021
	5Financial results	Pag. 41
	Dividend and
Pag. 11	6Outlook	Pag. 49
Pag. 25	7Appendix	Pag. 52
Pag. 37

3

1Introduction to IGD

IGD at a glance

IGD is one of the main players in the Italian retail real estate sector: we develop and manage shopping centres across the country. We are also present in the retail sector in Romania

27 shopping	25 hyper/	c. €2.3bn		14 shopping	Development
supermarkets		malls in
malls in Italy			& other(1)
65% of value	in Italy	portfolio value		Romania		4% of value
25% of value		6% of value
Of which full ownership of 16 shopping
centres (mall + hypermarket)
5.3% EPRA NIY (2)	#1			EPRA NAV/NRV:
5.4% net initial yield topped-up	Italian			€10.38/share
		SIIQ
		(REIT)
62.0% EBITDA margin(3)				FFO: €13.8mn
As at 31/03/2021				As at 31/03/2021
93.6% financial			%	49.9% LTV
% occupancy Italy			(excl IFRS16 c.47.8%)
As at 31/03/2021	Sustainability	Financial
		Report	Report
		(6th year)	(3rd year)

	Data as at 31/12/2020 unless differently indicated	5
(1)	Includes mainly the Porta a Mare project in Livorno
(2)	IGD's portfolio average
(3)	Margin from freehold properties