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    IIA   AT0000A21KS2

IMMOFINANZ AG

(IIA)
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Delayed Wiener Boerse  -  11:35 2022-08-18 am EDT
15.25 EUR   -0.33%
07/12IMMOFINANZ : Resolutions and votes of the 29th Ordinary Shareholders Meeting 2022 PDF
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07/12IMMOFINANZ : 20220712_Release of other admission duties PDF
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07/12IMMOFINANZ : Release of other admission duties to follow according to section 119 para 9 Austrian Stock Exchange Act 2018
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IMMOFINANZ : Strategie-Update - 24. Juni 2022 (in Englisch)

06/24/2022 | 05:16am EDT

Strategy update

24 June 2022

  • At a glance

At a glance

A leading European commercial property specialist

Company snapshot

  • Founded in 1990 and headquartered in Vienna, IMMOFINANZ is a leading commercial real estate company with a focus on office (ca. 61% by carrying amount) and retail (c. 37%) in selected countries in Western and Central
    Eastern Europe
  • Amongst the largest European commercial real estate players with strong market position in each of its core markets across a portfolio valued EUR 5.2 bn
  • Company's shares have traded on the Vienna Stock Exchange since December 1994

Portfolio property value by country1

Poland

MEUR 984.1

18.8%

Germany

MEUR 634.2

Slovakia

12.1%

MEUR 327.3

Czech Republic

6.2%

MEUR 564.8

Romania

10.8%

MEUR 772.5

Austria

14.7%

MEUR 948.9

18.1%

Adriatic region⁴

Key figures as of 03/2022

MEUR

MEUR 72.4

94.4%

5,242.0

Net profit

Occupancy rate

Portfolio value

6.2%2

32.7%

MEUR 385.0³

Gross return

Net LTV

Cash and cash

equivalents

Portfolio segmentation

Office

Retail

Others

61%

37%

2%

Standing

Development Pipe-

investments

projects line

MEUR 542.2

Hungary

MEUR 458.8

10.3%

8.8%

1 Excludes MEUR 9.4 (0.2%) in further countries (Turkey); 2 5.9% on IFRS rental income; 3 Pro forma liquidity position (excl. cash outflow for bonds repayment); ⁴ Adriatic region includes Serbia, Slovenia, Croatia and Italy

3

At a glance

Update of successful strategy to enhance value

  • Well-definedportfolio strategy with crisis-resilient and sustainable real estate solutions
  • Robust financial fundament as a strong base for stable cash flow

Strategic diversification by asset classes

Active portfolio management: Asset

Clear brand strategy, focused on

and regions - active in stable and growing

innovative office and retail solutions and

rotation program to realize valuation

markets

affordable housing with strong customer

gains and streamline the portfolio

orientation

according to the updated strategy

Strong commitment to sustainability

affects entire range of activities -

Robust financial structure and strong

IMMOFINANZ and CPIPG work together

alignment of ESG targets and reporting

commitment to IG rating support long-

on how both groups benefit from lifting

with CPIPG

term growth and stable cash flow

synergies

4

At a glance

Selective asset rotation to realize value of mature buildings and invest in higher yielding products

  • As the macroeconomic environment is characterized by high inflation and increasing interest rates, IMMOFINANZ considers investments in higher yielding retail and office properties as sustainable long-term investment strategy.
  • Plans to divest certain lower yielding properties in order to realize the value of mature buildings or where buildings no longer fit into updated strategy.
  • Active portfolio management should ensure properties are not only attractive for tenants, but also in balance with the environment from a social and sustainable perspective.
  • Divestments to reach ~EUR 1 billion for reinvestment into assets according to strategy update and repayment of debt.
  • In closer integration of the entire CPI group, IMMOFINANZ pursues a retail and office focused strategy; targeted acquisitions will involve properties from CPI matching the strategy.

5

Disclaimer

Immofinanz AG published this content on 24 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2022 09:15:05 UTC.


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Financials
Sales 2022 334 M 338 M 338 M
Net income 2022 134 M 136 M 136 M
Net Debt 2022 2 442 M 2 475 M 2 475 M
P/E ratio 2022 12,5x
Yield 2022 3,53%
Capitalization 2 115 M 2 144 M 2 144 M
EV / Sales 2022 13,6x
EV / Sales 2023 12,2x
Nbr of Employees 341
Free-Float 5,10%
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Mean consensus HOLD
Number of Analysts 5
Last Close Price 15,25 €
Average target price 19,82 €
Spread / Average Target 30,0%
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Managers and Directors
Miroslava Greštiaková Chairman-Supervisory Board
Philipp Amadeus Obermair Member-Supervisory Board & Research Manager
Werner Ertelthalner Member-Supervisory Board
Martin Nemecek Vice Chairman-Supervisory Board
Gayatri Narayan Member-Supervisory Board