IREIT Global : FY 2022 Presentation Slides

FY2022

Results

Presentation

23 February 2023

Joint Sponsors of IREIT Global:

Important Notice

This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other developments or companies, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events. The information contained in this presentation has not been independently verified. No representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither IREIT Global Group Pte. Ltd. (the "Manager") or any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation. The past performance of IREIT Global ("IREIT") is not indicative of the future performance of IREIT. Similarly, the past performance of the Manager is not indicative of the future performance of the Manager. The value of units in IREIT ("Units") and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on the Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that unitholders of IREIT may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units.

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Agenda

Key Highlights	4
Financial Performance	8
Portfolio and Asset Management	14
Market Review	19
Looking Ahead	22
Appendix	24

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Key

Highlights

Berlin Campus

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Portfolio Remains Relatively Stable

14.9%	88.3%	€950.5m	32.0%
Rise in Net	Portfolio	Portfolio	Aggregate
Property Income	Occupancy	Valuation	Leverage

• FY2022 net property income increased by 14.9% YoY to €48.8m due mainly to the contribution from the acquisition of the French portfolio and Parc Cugat in 3Q2021, step-up rents and CPI indexation.
• Portfolio occupancy decreased to 88.3% as at 31 Dec 2022 from 95.7% as at 31 Dec 2021.
• • Due mainly to Darmstadt Campus being vacant since Dec 2022 as a result of the departure of its sole tenant, Deutsche Telekom.
• Positive rental escalation of 2.8% YoY (1) as a result of step-up rents and CPI indexation.
• Aggregate leverage remained low at 32.0% as at 31 Dec 2022, compared to 32.1% a year ago.
• • Effective interest rate unchanged at 1.8% p.a., with substantially all of the bank borrowings hedged.
  • No near-term refinancing requirements as all of the borrowings will mature only in 2026 and beyond.
  • 1. Based on gross rental income as at 31 Dec 2022 as compared to that as at 31 Dec 2021.

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