IMMOFINANZ : Ergebnispräsentation Q1-3 2020 (in Englisch)

Earnings Presentation Q1-3 2020

11/2020

→ Highlights

Portfolio

95.5%	MEUR 215.1	MEUR 158.9
Occupancy rate	Rental income	Results of asset management
-1.3PP	+5.7%	+3.3%
(12/2019: 96.8%)	(Q1-3 2019: MEUR 203.4)	(Q1-3 2019: MEUR 153.8)

MEUR 4,944.0

Portfolio value -3.5%

(12/2019: MEUR 5,122.1)

6.1%

Gross return

Based on invoiced rents

(12/2019: 6.5%)

Financials

MEUR 113.1	MEUR 89.2	MEUR 601.9
Results of operations	FFO 1	Cash and cash equivalents
-19.1%	-3.9%	+74.4%
(Q1-3 2019: MEUR 139.7)	(Q1-3 2019: MEUR 92.8)	(12/2019: MEUR 345.1)

MEUR -98.3	38.4 %
Net profit	Net LTV
(Q1-3 2019: MEUR 202.6)	(12/2019: 43.0%)

→ Results and Financing

FFO 1 per share only slightly below previous year's level

Amounts in MEUR

Results of asset management Results of property sales

Results of property development Other operating income

Other operating expenses Results of operations Other revaluation results Operating profit (EBIT) Financial results

FFO 1 before tax

FFO 1 before tax/share in EUR

Including accrued interest bonds FFO 1 before tax (excl. S IMMO)

Accrued interest on 2023 corporate bond

FFO 1 before tax adjusted for accrued interest (excl. S IMMO)

FFO 1 per share adjusted for accrued interest (excl. S IMMO) in

Amounts in MEUR	P&L Q1-3 2020	Adjustments	FFO Q1-3 2020
Results of asset management	158.9	46	159.0
Results of property sales	9.5	-9.5	0.0
Results of property development	-21.0	21.0	0.0
Other operating income	1.5	-0.2	1.3
Other operating expenses	-35.8	7.4	-28.4
Results of operations	113.1	18.8	131.8
Other revaluation results	-144.8	144.8	0.0
Operating profit (EBIT)	-31.7	163.6	131.8
Financial results	-60.5	17.9	-42.7
FFO 1 before tax	89.2
FFO 1 before tax/share in EUR	0.83
Including accrued interest bonds
FFO 1 before tax (excl. S IMMO)	89.2
Accrued interest on 2023 corporate bond	3.3
FFO 1 before tax adjusted for accrued interest (excl. S IMMO)	92.4
FFO 1 per share adjusted for accrued interest (excl. S IMMO) in EUR	0.86

*FFO 1 includes the total MEUR 13.1 annual coupon payment for the 2023 corporate bond, which was made for the first time in January 2020. If the coupon payment were spread across the whole year, FFO 1 in Q1-3 2020 would amount to MEUR 92.4, which exceeds last year's level of MEUR 84.0.

¹ Number of shares for calculation: 107,667,310 (time weighted due to capital measures) as of 30 September 2020; 107,387,703 (time weighted due to share buybacks) as of 30 September 2019 Rounding differences may result from the use of automatic data processing for the addition of rounded amounts.

FFO 1 (before tax)

MEUR 89.2 -3.9%

(Q1-3 2019: MEUR 92.8)

FFO 1 (before tax)/share¹

EUR 0.83 -4.1%

(Q1-3 2019: EUR 0.86)

FFO 1 (before tax) adj.*

MEUR 92.4 +10.1%

(Q1-3 2019: MEUR 84.0)

FFO 1 (before tax)/share¹ adj.*

EUR 0.86 +10.3%

(Q1-3 2019: EUR 0.78)

P&L - rental income and results from AM and property sales increased

-30.1

Results of property development

-21.0

9.1

n/a

Rounding differences may result from the use of automatic data processing for the addition of rounded amounts.

•  Higher rental income due to portfolio growth resulting from acquisitions and completions

•  Increase in receivables write-offs from AM to MEUR 19.2 mainly related to Covid-19 in Q2 2020 (Q1-3 2019: MEUR -0.8) led to rise in property expenses to MEUR 49.1 (Q1-3 2019: MEUR -38.3)

•  Property sales of MEUR 51.9 in Q1-3 2020 - positive impact from sale of German office building

•  Revaluation of development projects in the amount of MEUR -20.4 (Q1-3 2019: MEUR 15.0) reflects slight increase in market yields due to Covid-19 and cost increases

P&L - revaluation results reflect Covid-19 impact

Q1-3 2020 in MEURQ1-3 2019 in MEUR

Change absoluteChange in %

Revaluation - country split

All Amounts in MEUR AT

Carrying amount 30.09.2020

Revaluation results

Q1-3 2020

738.4 -16.8

DE PL CZ SK HU RO

522.7 -6.4

1,005.0 -39.6

536.0 -6.2

319.6 -11.3

422.5 -14.1

618.0 -42.8

Other countries Total

304.3 -7.7

4,466.5 -144.8

Rounding differences may result from the use of automatic data processing for the addition of rounded amounts.

Revaluation - asset class split

 Revaluation loss is equivalent to approximately 3.2% of the portfolio's carrying amount at 30 September 2020 (retail: 4.2% of carrying amount; office: 2.7% of carrying amount)

Retail Other Total

1,631.6 -68.4

7.3 -0.9

4,466.5 -144.8

P&L - consolidated earnings therefore burdened

Earnings per share (in EUR)

-0.91

1.90

-2.81

n/a

Rounding differences may result from the use of automatic data processing for the addition of rounded amounts.

 Adjusted for one-time effects (non-cash adjustments of effective interest method), financing costs fell by MEUR 2.0



Income from investments accounted by using the equity method amounts to MEUR 9.4 (Q1-3 2019: MEUR 47.1), thereof MEUR 6.3 from S IMMO

Robust liquidity profile and diversified debt structure

Maturity profile by year as of 30 September 2020

1200

•  Liquidity strongly increased to MEUR 601.9 after capital measures in July

  Bank financing regular

  Bank financing end of maturity

  500

  1000

  Corporate bond 2023

  Convertible bond 2024 as of 30 September 2020 not in the money

  Cash and cash equivalents as of 30 September 2020

  800

  Undrawn revolving credit line

  600

  400

  200

  0

  487

•  Further financial flexibility from MEUR 100.0 credit line arranged in March 2020 and MEUR 500 benchmark bond issue in October 2020 (7-year maturity, 2.5% fixed coupon)

•  Remaining term of financing: 4.75 years after issuance of benchmark bond in October

•  Financing costs (weighted average interest rate including hedging costs) at a low level of 1.88% (12/2019: 1.91%)

•  Unencumbered asset pool of MEUR 1,468.8 (28.7%) / MEUR 1,920.5 (34.5%) including S IMMO shares based on EPRA NAV)

Outstanding liability in TEUR as of 30 September 2020	Weighted average interest rate incl. derivatives costs in %1
Convertible bonds2	301,007.2	1.50
Corporate bond³	491,434.2	2.63
Bank liabilities4	1,949,929.3	1.76
IMMOFINANZ	2,742,370.7	1.88

1 Calculation basis: remaining debt (nominal amount) excl. mandatory convertible bond ² Convertible bond 2024 (coupon reduced by 50 basis points to 1.5% after receipt of IG rating) with MEUR 295.0 as well as future coupon payments of the mandatory convertible bond 2023 ³ Only corporate bond 2023 included, as corporate bond 2027 was issued in October 2020 and therefore after balance sheet date.

4 Including IFRS 5

Hedging quota: 90.3% (12/2019: 90.7%)

9.7%

58.6%

31.7%

Floating rate

Floating rate (hedged)

Fixed rate

→ Status Covid-19

Prompt and effective measures to minimize negative crisis effects (I)

Commercial agreements with all large retailers closed - contract extensions of 300,000 sqm in retail signed as compensation

Reduction of operating expenses by more than MEUR 2.0 in Q1-3 despite portfolio growth and prioritization of energy efficiency measures in our buildings

Rent collection improved: 83% of contractual rent paid for Q3, 11%rent reductions and 6% deferred or due

Write-off of receivables from asset management due to Covid-19 amount to MEUR -16.9 in Q1-3 to support our tenants in the crisisFast recovery of footfall and larger tickets per shopping tripStrong increase in number of social media interactions and followers in retail: number of users increased by 7% to 620,000 and page views by 13% to 820,000 (Q3 vs. Q2)

Efficient back-to-office concepts and roll-out of flexible myhive products

Prompt and effective measures to minimize negative crisis effects (II)

1 Excluding personnel expenses

Savings of MEUR 7.2 in expenses from investment property achieved by deferral/reduction of non time-critical maintenance, marketing

Tax deferrals and savings of MEUR 9.2 in Q1-3 2020

Additional liquidity generated and secured from property sales closed in Q1-3 (MEUR 51.9 book value) and already signed (MEUR 192.9)

Revolving credit facility of MEUR 100 arranged in March 2020

Placement of shares and issuance of mandatory convertible notes raised MEUR 356 in July 2020; and placement of a benchmark bond of MEUR 500 in October 2020

Suspension of dividend for financial year 2019

Second Covid-19 wave affects retailers to different extents

CZECH REPUBLIC

Lockdown - until 12 December

• • All non-essential shops closed

• • F&B only for takeaway

• • Night-time curfew

  AUSTRIA

  Lockdown - until 6 December

• • All non-essential shops closed

• • F&B only for takeaway

• • Curfew

SLOVAKIA

POLAND

Lockdown - until 29 November

• • All non-essential shops > 2,000 sqm (zoning) closed

• • F&B only for takeaway

  ROMANIA

  Partial "soft" lockdown

• • Shops open/cinemas closed

• • Retail closing on weekend (Baja Mare, Constanta)

• • F&B only for takeaway in Bucarest and Cluj

  CROATIA

  Selective containment measures

• • Shops open

• • Restaurants open

HUNGARYSLOVENIA

Lockdown (until further notice)

• • Shops closed, but numerous exceptions

• • F&B only for takeaway

• • Night-time curfew

As of 23 November 2020

35% (352,000 sqm) of retail space is temporarily closed again. Reopening expected in the next weeks.

Covid-19: overview of closed retail space as of mid-November 2020

Country	AT	CZ	HU	PL	RO	SK	RS	SI	HR	Total1
Brand
Leased area in sqm	60,765	73,253	21,644	131,430	72,920	106,538	5,901	143,295	110,284	31,363	92,394	93,664	13,171	956,622
Closed	42,560	60,411	10,389	5,434	24,422	81,692	0	16,935	3,638	6,050	0	70,922	-	322,453
Closed in %	70	82	48	4	33	77	0	12	3	19	0	76	-	34
Duration of measures	7.12.	12.12.	12.12.	10.12.	29.11.	29.11.	-	31.12.	31.12.	31.12.	-	15.12.	-
Number of affected tenants	96	111	16	135	-	75	36	-	101	-

Retail spaces in office buildings

Country	AT	CZ	DE	HU	PL	RO	SK	HR	Total
Leased area in sqm Retail areas in office	16,766	11,579	696	6,042	8,271	5,441	0	1,578	50,373
Closed	12,863	10,839	696	2,307	1,124	1,680	-	0	29,509
Closed in %	77	94	100	38	14	31	-	0	59

Closed retail spaces in office

buildings amount to 3% of overall

leasable office space

As of 23 November 2020 1Retail other 9,677 sqm not included

Status Covid-19

Fast recovery in summer months, new lockdowns dampen development

portfolio YTD

Number of visitors per week since January 2020

4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000

500,000

1,200,000

portfolio YTD

Number of visitors per week since January 2020

1,000,000

800,000

600,000

400,000

200,000

C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C…

C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C… C…

Visitor numbers below 2019 level but higher revenues per shopping trip (larger tickets) especially in STOP SHOPs

STOP SHOP (like for like)	Q3 20 vs. Q3 19	Q1-3 20 vs. Q1-3 19
Footfall	-5.7%	-17.4%
Sales	5.5%	-9.4%

Note: CW refers to calendar week

VIVO! (like for like)	Q3 20 vs. Q3 19	Q1-3 20 vs. Q1-3 19
Footfall	-16.6%	-28.6%
Sales	-11.8%	-29.1%

C…

Office: Covid-19 slows leasing activity and acts as catalyst for existing trends

Current situation

•  Pandemic slows rental activity, but take-up still reached 106,500 sqm in Q1-3 2020 (~11% of standing office space)

•  Advanced negotiations for several larger new rentals

•  Office tenants are differently affected depending on industry, mainly tourism, restaurants & cafes, entertainment, fitness (Covid-19 affected sectors ~8.0% of rented space)

•  Rejection of opportunistic requests for rent reductions, but provision of temporary support for affected tenants

"New Normal" in the office segment  Covid-19 acts as catalyst for digitalization and demand for flexibility

 Home office present as topic, but demand will decline significantly as personal interaction with colleagues is crucial for innovation, productivity, training of young employees and corporate culture

myhive prime flexible offices - the perfect solution in volatile times

Full flexibility for corporates as they …

•  pay only for the space they really need and can adapt quickly to changing needs

•  are not tied to long-term contracts

•  can quickly move into prime office space without long planning periods

•  can enjoy all-inclusive services and concentrate fully on their business

• • Workspace of any sizeprivate office, room or desk

• • Lease-terms from one month

• • Workspace on demand

• • Work from any myhive

• • Fully furnished and serviced

• • All-inclusive monthly fee

Cash collection¹ from contractual rent as of mid-November 2020

33.4%
2.8%
Rent reductions acc. to	Deferred or due,
commercial agreements	not yet paid
100.0%
10.7%	6.1%
Contractual rent	Rent reductions acc. to	Deferred or due,
commercial agreements	not yet paid

Agreements with all top retailers signed for the first lockdown and reopening period

High quality and international tenant base helps to mitigate challenges

Office

•  Balanced international tenants base of high creditworthiness

•  No industry dependency due to diversified tenant structure - 12% public/state tenants

•  Largest ten tenants represent 23% of office space

•  No tenant accounts for more than 3.7% of office space

Retail

•  Long-term partnership with Europe's best retail brands

•  Balanced tenant mix to ensure optimal environment for retailers and their customers

•  Largest ten tenants represent 31.7% of retail space

•  No tenant accounts for more than 4.0% of retail space

Selected top tenants

Selected top tenants

Industry mix

Due to high quality tenant base nearly no loss of tenants due to insolvency in 2020 (≤5,000 sqm or 0.3% of total rentable space)

→ Portfolio

Overview - occupancy rate unchanged at high level

Portfolio value

MEUR 4,944.0

(12/2019: MEUR 5,122.1)

Standing investments

MEUR 4,466.5

(12/2019: MEUR 4,749.5)

Gross return

5.9% IFRS rent (12/2019: 6.2%)

6.1% on invoiced rent basis1

(12/2019: 6.5%)

Unexpired lease term

(weighted, average)

4.2 years

(12/2019: 4.3)

Portfolio segmentation

Portfolio allocation office and retail

Other 1.7%

Office 64.6%Retail 33.7%

Solid standing investments/developments ratio

Standing investments 90.3%

Development projects 6.1%

Pipeline 3.6%

Invested in Austria, Germany and CEE

CZ 10.8%

AT 17.7%DE 12.3%PL 20.3%RO 15.3%

Clear focus on three brands

HU 10.2%

SKOther countries

6.5% 6.8%

VIVO! 19.1%

Occupancy rate

Overall

95.5%

OfficeRetail

93.4%

12/2019 09/2020

97.6%

myhive offices 28.7%

STOP SHOP 26.8%Other offices (primarily single tenant buildings)

24.9%

12/2019 09/2020

¹ Information provided for better comparability in relation to peer group

Segmentation information based on portfolio value; for brands based on Q3 rental income

Successful with brands

myhive offices

Further myhive locations in Vienna, Düsseldorf and Bucharest in pipeline - more flexibility for tenants planned with myhive 2.0

STOP SHOP retail parks

Positioned as leading retail park operator in Europe - further growth from acquisitions and developments

VIVO! shopping centers

Convenient shopping with entertainment factor. Europe's best retail brands as strong anchor tenants

22 properties in six countries

90 properties in nine countries

10 properties in four countries

Rentable space	512,044 sqm	Rentable space	665,448 sqm	Rentable space	314,095 sqm
Occupancy rate	92.5%	Occupancy rate	98.2%	Occupancy rate	96.4%
Rental income Q3 20201	MEUR 18.8	Rental income Q3 20201	MEUR 17.6	Rental income Q3 20201	MEUR 12.5
Carrying amount	MEUR 1,461.0	Carrying amount	MEUR 950.6	Carrying amount	MEUR 670.2
Gross return IFRS	5.1%	Gross return IFRS	7.4%	Gross return IFRS	7.5%
Return invoiced rent2	5.5%	Return invoiced rent2	7.5%	Return invoiced rent2	7.5%
23

¹ Rental income on basis of primary usage of the property (rental income in P&L is according to actual usage of the property; marginal deviations to P&L are therefore possible)

² Information provided for better comparability in relation to peer group; difference to return based on IFRS rent is due to accrual of rental incentives, which are accrued on a straight line basis over the contract term under IFRS but are not included in the invoiced rent.

Developments - first flexible myhive successfully opened in Vienna in 10/2020

myhive Haller Gardens, Budapest (Opening Q3 2021)

myhive Ungargasse, Vienna

(Opened in Q4 2020)

Slight delays in construction progress due to Covid-19 but no major constraints

Development	Number of	Carrying amount	Carrying amount	Outstanding construction	Rentable space	Expected fair value after	Expected rental income at	Expected yield after
projects	properties	in MEUR	in %	costs in MEUR	in sqm	completion in MEUR	full occupancy in MEUR	completion in %¹
Austria	2	91.4	33.0	7.8	26,572	99.1	4.2	4.2
Germany	1	84.6	30.5	42.1	21,690	161.0	5.8	4.6
Hungary	1	68.0	24.6	15.0	34,218	83.0	6.3	7.5
Romania	2	33.0	11.9	5.3	27,956	38.3	3.6	9.4
Active projects	6	276.9	100.0	70.2	110,436	381.5	19.8	5.7
In pipeline	7	24.9
IMMOFINANZ	13	301.8

Development projects: 6.1% of portfolio value with moderate costs to completion

1 Expected rental income after completion in relation to the current carrying amount including outstanding construction costs

Property sales

Property marketing and transactions continue succesfully

•  Property sales with a value of MEUR 51.9 in Q1-3 2020 (asset and share deals)

•  Largest transactions comprised an office building in Warsaw (buyer: CPI) and land in Romania (buyer: Kaufland)

•  Sale of an office building in Düsseldorf at a level significantly above carrying amount - signing in August 2020, closing expected at year-end

Outlook

 As of 30 September 2020, assets with a carrying amount of approximately MEUR 193.5¹ are classified as "held for sale" (IFRS 5) - mainly Polish office buildings (smaller office properties and parts of the EMPARK office location) and a German office building. Of this amount, MEUR 192.9 have already been signed

Property sales 2020

MEUR 0.6

approx. MEUR 250

Sales Q1-3 2020 (closed)

IFRS 5 per 30.09.2020 (signed)

IFRS 5 per 30.09.2020 (not signed)

¹ Investment property and property under construction

→ Outlook

Crisis-proof with strengthened equity base and liquidity

Capital measures in July 2020 - MEUR 356.0 gross proceeds

•  Strengthening of capital and key figures for existing IG rating

•  Diversification of financing structure through mandatory convertible notes issuance (first time in Austria) and broadening of shareholder base

•  Proceeds partially used for repayment of a retail financing (MEUR 79.0)

•  Reduction of net LTV and strengthening of equity ratio

Benchmark bond issuance in October 2020 - MEUR 500.0 nominal value  Further optimization of capital structure and average debt maturity

Equity ratio

48.6%

31.12.2019

Share placement details

•  11.2 million new shares and 4.2 million treasury shares

•  Gross proceeds: MEUR 236.0

•  Placement without a discount at the closing price of EUR 15.31

Net LTV

43.0%

Cash available (MEUR)

1,202

500

30.09.2020

31.12.2019

30.09.2020

31.12.2019

30.09.2020 (including credit line and benchmark bond issued in October)

Mandatory convertible notes

•  Nominal: MEUR 120

•  Convertible into ca. 7 million shares

•  3 year maturity, 4% coupon

•  Recognized as equity (except coupon payments)

Strong capital structure to enable swift return to value-creating growth

Growing out of the crisis

 Return to profitable growth trajectory through acquisitions and the company's own developments, for example in the form of efficient "densification" on existing properties in Vienna, Bratislava and Bucharest

STOP SHOP retail parks

•  Further growth with crisis-resistant retail parks and strengthening of leading operator position in the CEE region

•  Medium-term increase in rentable space to approximately 1 million sqm or around 140 locations

  myhive offices

   Increase in number of myhive locations in capital cities of IMMOFINANZ core markets

•  Country focus: CEE and selectively in SEE and Western Europe



Focus on innovative, flexible office solutions

→ Appendix

Development of EPRA NAV and book value per share

Development of EPRA NAV per share in EUR

1 Number of shares 31.12.2019 in thousand: 114,780 (diluted)

Development of book value per share in EUR

(capital increase, sale of treasury shares, mandatory CB and dilution of potential shares from the CB 2024)

² Number of shares 30.09.2020 in thousand: 123,294 (not diluted)

¹ Number of shares 31.12.2019 in thousand: 100,877

(from increased number of shares: capital increase, sale of treasury shares and mandatory CB)

² Number of shares 30.09.2020 in thousand: 123,294

EPRA NAV/share:

EUR 27.96

(-10.0%)

Book value/share:

EUR 25.61

(-12,7%)

P&L - increased rental income, negative valuation effects from Covid-19

Change	Change
Amounts in MEUR	Q1-3 2020	Q1-3 2019	absolute	in %
Rental income	215.1	203.4	11.7	5.7
Operating costs charged to tenants	63.1	63.3	-0.2	-0.3
Other revenues	3.2	0.8	2.4	≥ 100.0
Revenues	281.3	267.5	13.9	5.2
Expenses from investment property	-49.1	-38.3	-10.8	-28.2
Operating expenses	-73.4	-75.4	2.0	2.7
Results of asset management	158.9	153.8	5.1	3.3
Results of property sales	≥ 100.0
9.5	3.7	5.8
Results of property development	-21.0	9.1	-30.1	n/a
Other operating income	1.5	5.4	-3.9	-72.6
Other operating expenses	-35.8	-32.2	-3.6	-11.1
Results of operations	113.1	139.7	-26.7	-19.1
Revaluation result from standing investments and goodwill	-144.8	97.4	-242.2	n/a
Operating profit (EBIT)	-31.7	237.1	-268.8	n/a
Net financing costs	-54.0	-50.6	-3.5	-6.08
FX differences and other financial results	-15.9	-21.9	6.0	27.3
Net profit or loss from equity-accounted investments	9.4	47.1	-37.7	-80.0
Financial results	-60.5	-25.3	-35.2	≤ -100.0
Earnings before tax (EBT)	-92.2	211.8	-304.0	n/a
Taxes	-6.0	-13.5	7.5	55.4
Net profit or loss from continuing operations	-98.3	198.3	-296.6	n/a
Net profit or loss from discontinued operations	0.0	4.3	-4.3	≤ -100.0
Net profit or loss	-98.3	202.6	-300.9	n/a

Rounding differences may result from the use of automatic data processing for the addition of rounded amounts.

Appendix

Rental income like-for-like shows decrease of 5%

A like-for-like analysis (i.e. acquisitions, completions and sales are deducted to facilitate comparison with Q3 2019) shows a decrease of 5.1% in rental income to MEUR 57.0 million in Q3 2020.

In the retail sector, the decline is 5.8%, which is mainly due to the Covid-19 pandemic. In the office sector, the like-for-like rental income declined by 4.6%, which was mainly attributable to the move-out of a larger office tenant and to a mixed-use office property with larger retail space.

Standing investments1	Number of	Carrying amount	Carrying amount	Change
as of 30 September 2020	properties	in MEUR	in %	in MEUR	in MEUR	in MEUR
Austria	23	689.7	18.0	8.1	8.7	-0.6
Germany	4	522.7	13.6	5.2	5.2	0.0
Poland	20	574.8	15.0	9.5	10.4	-0.9
Czech Republic	17	453.3	11.8	5.9	6.4	-0.5
Hungary	22	422.5	11.0	6.8	7.2	-0.3
Romania	13	618.0	16.1	12.5	11.9	0.5
Slovakia	20	319.6	8.3	5.3	5.4	-0.1
Other countries	21	228.9	6.0	3.7	4.9	-1.2
IMMOFINANZ	140	3,829.4	100.0	57.0	60.1	-3.1
Rental income from properties sold/acquired,
IFRS 15/16 adjustments and development
projects	12,6
IMMOFINANZ
69,6
Office	47	2,312.5	60.4	28.8	30.2	-1.4
Retail	92	1,509.6	39.4	28.1	29.8	-1.7
Other	1	7.3	0.2	0.1	0.1	0.0
IMMOFINANZ	140	3,829.4	100.0	57.0	60.1	-3.1

Rental income Q3 2020 Rental income Q3 2019

1 Calculation only includes those properties which were fully owned by IMMOFINANZ in both periods, i.e. it excludes acquisitions, completions and sales. The VIVO! Bratislava (Slovakia) und VIVO! Cluj-Napoca (Romania) shopping centers are not included in the like-for-like analysis due to their extensive modernisation in the previous year.

Rounding differences may result from the use of automatic data processing equipment for the addition of rounded amounts and percentage rates.

Total property portfolio

As of	Number of	Standing investments	Development projects	Pipeline projects	Property portfolio	Property portfolio
30 September 2020	properties	in MEUR	in MEUR	in MEUR1	in MEUR	in %
Austria	31	738.4	109.0	29.4	876.8	17.7
Germany	7	522.7	85.4	0.6	608.6	12.3
Poland	26	1,005.0	0.3	0.0	1,005.3	20.3
Czech Republic	18	536.0	0.0	0.0	536.0	10.8
Hungary	26	422.5	70.4	10.6	503.5	10.2
Romania	43	618.0	33.0	106.4	757.3	15.3
Slovakia	21	319.6	0.0	1.2	320.8	6.5
Other countries2	36	304.3	3.7	27.6	335.6	6.8
IMMOFINANZ	208	4,466.5	301.8	175.7	4,944.0	100.0
90.3%	6.1%	3.6%
90.3%
Standing investments

6.1%

Development projects

3.6%

Pipeline projects

¹ Including real estate inventories (Cologne and Adama) totalling MEUR 0.9

² In declining order based on the carrying amount: Slovenia, Serbia, Croatia, Turkey and Bulgaria

Rounding differences may result from the use of automatic data processing for the addition of rounded amounts and percentages

100.0%

50.4%

Developed markets (AT, DE, PL) according to FTSE/NAREIT classification

49.6%

Other CEE markets

Office standing portfolio

GERMANY

Number of properties Carrying amount in MEUR Rentable space in sqm Occupancy rate in %

Rental income Q3 2020 in MEUR1 Gross return in %

AUSTRIA

Number of properties Carrying amount in MEUR Rentable space in sqm Occupancy rate in %

Rental income Q3 2020 in MEUR1 Gross return in %

SLOVAKIA

Number of properties Carrying amount in MEUR Rentable space in sqm Occupancy rate in %

Rental income Q3 2020 in MEUR1 Gross return in %

21.5%

18.2%

175,640 Rentable space in sqm 122,509

• 35,592 Rentable space in sqm

  94,059 Rentable space in sqm 232,718

  2.1%

  11 605.7

  515.4 Carrying amount in MEUR

  89.1 Occupancy rate in % 93.9

• 59.6 Carrying amount in MEUR

• 90.5 Occupancy rate in %

  99.0 Occupancy rate in % 96.0

  6.2 Rental income Q3 2020 in MEUR1 4.2

  4.1 Gross return in % 4.2

• 0.6 Rental income Q3 2020 in MEUR1

• 4.0 Gross return in %

3.9 Gross return in % 5.5

POLAND

3

Number of properties

5.1 Rental income Q3 2020 in MEUR1 9.9

CZECH REPUBLIC

Number of properties Carrying amount in MEUR

HUNGARY

• 2 Number of properties

  • 181,988 Rentable space in sqm 15,995

  • 89.7 Occupancy rate in % 99.0

  • 5.3 Rental income Q3 2020 in MEUR1 0.4

  • 7.4 Gross return in % 6.3

  Data as of 30 September 2020 ¹ Rental income on basis of primary usage of the property (rental income in P&L is according to actual usage of the property; deviations to P&L are therefore possible) ² Croatia

  IMMOFINANZ

  Number of properties Carrying amount in MEUR

  100.0%

  50 2,827.6

  Rentable space in sqm 973,397

  Occupancy rate in % 93.4

  Rental income Q3 2020 in MEUR1 35.1

  Gross return in % 5.0

  Carrying amount in MEUR 26.8

AUSTRIA

Retail standing portfolio

CZECH REPUBLIC

Number of properties Carrying amount in MEUR Rentable space in sqm Occupancy rate in %

Rental income Q3 2020 in MEUR1 Gross return in %

Number of properties Carrying amount in MEUR Rentable space in sqm Occupancy rate in %

Rental income Q3 2020 in MEUR1 Gross return in %

HUNGARY

Number of properties Carrying amount in MEUR Rentable space in sqm Occupancy rate in %

Rental income Q3 2020 in MEUR1 Gross return in %

12.5%

67,076 Rentable space in sqm 152,474

96,195 Rentable space in sqm 185,575

8.6%POLAND

11 Number of properties 141.0 Carrying amount in MEUR

98.7 Occupancy rate in % 96.7

2.6 Rental income Q3 2020 in MEUR1 5.8

7.4 Gross return in % 8.0

8.1%SLOVAKIA

14 Number of properties 132.7 Carrying amount in MEUR

99.3 Occupancy rate in % 95.4

2.3 Rental income Q3 2020 in MEUR1 4.7

7.0 Gross return in % 7.2

ROMANIA

14 203.2

Number of properties Carrying amount in MEUR

• 135,335 Rentable space in sqm

• 97.1 Occupancy rate in %

• 3.5 Rental income Q3 2020 in MEUR1

• 6.8 Gross return in %

• 151,906 Rentable space in sqm 201,265

• 98.2 Occupancy rate in % 99.0

• 7.1 Rental income Q3 2020 in MEUR1 4.3

• 8.7 Gross return in % 6.2

Data as of 30 September 2020 ¹ Rental income on basis of primary usage of the property (rental income in P&L is according to actual usage of the property; deviations to P&L are therefore possible) ² Slovenia, Serbia and Croatia

Key figures

Asset data 30 September 2020

Balance sheet total

in MEUR in %

6,450.3

Equity as % of balance sheet total Net financial liabilities

48.6

in MEUR 2,140.5

Cash and cash equivalents Loan to value ratio (net) Gearing

in MEUR 601.9

in % 38.4

in % 70.8

Total average interest rate including costs for derivatives

in % 1.9

Average term of financial liabilities

in years 3.5

Stock exchange data 30 September 2020

Book value per share

in EUR 25.61

Share price at end of period

in EUR 13.51

Discount of share price to NAV per share

in % 51.7

Total number of shares 123,293,795

thereof number of treasury shares 6,998,228

Market capitalisation at end of period

in MEUR 1,760.2

Q1-3 2020

Earnings per share (undiluted)

in EUR -0.91

EPRA indicators 30 September 2020

EPRA net asset value

in MEUR in EUR

3,447.3

EPRA net asset value per share EPRA triple net asset value

27.96

in MEUR 3,403.4

EPRA triple net asset value per share EPRA vacancy rate

in EUR 27.60

in % 4.4

Q1-3 2020

EPRA earnings

in MEUR 40.8

EPRA earnings per share

in EUR 0.38

EPRA earnings after company-specific adjustments EPRA earnings per share after company-specific adjustments

in MEUR 46.4

in EUR 0.43

EPRA net initial yield

in % 5.9

Earnings data Q1-3 2020

Rental income

in MEUR 215.1

Results of asset management Results of property sales

in MEUR 158.9

in MEUR 9.5

Results of property development Results of operations Revaluations

in MEUR -21.0

in MEUR 113.1

in MEUR -153.7

EBIT

in MEUR -31.7

Financial results EBT

in MEUR -60.5

in MEUR -92.2

Net profit for the period FFO 1 before tax

in MEUR -98.3

in MEUR 89.2

FFO 1 before tax per share

in EUR 0.83

Contact

Contact and financial calendar

Investor Relations

Bettina Schragl

Tel: [phone]

E-mail:[e-mail]

Simone Korbelius

Tel: [phone]

E-mail:[e-mail]

Financial calendar

Publication of annual results 2020

21.04.2021

Annual report 2020

22.04.2021

Q1 results 2021

31.05.20211

Q1 report 2021 28th annual general meeting

01.06.2021

18.06.2021

Q1-2 results 2021

30.08.20211

Q1-2 report 2021

31.08.2021

Q1-3 results 2021

29.11.20211

Q1-3 report 2021

30.11.2021

1 Publication after close of trading on the Vienna Stock Exchange

Ticker symbols