IREIT Global : Presentation Slides (3162 KB)

1Q2023 Business Update

25 April 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
Capital and Currency Management	10
Market Review	12
Looking Ahead	15
Appendix	22

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Key Highlights

Berlin Campus

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Stable Portfolio Performance in 1Q2023

87.0% (1)	4.8 years (1)	€950.5m	32.3%
Portfolio	Weighted Average	Portfolio	Aggregate
Occupancy	Lease Expiry	Valuation	Leverage

• Portfolio occupancy remained relatively stable at 87.0% (1) as at 31 Mar 2023 compared to 88.3% a quarter ago.
• • Due mainly to lower occupancy rates at Il∙lumina and Sant Cugat Green.
• Healthy rental escalation of 3.4% YoY (2) as a result of step-up rents and CPI indexation.
• Aggregate leverage remained healthy at 32.3% as at 31 Mar 2023 versus 32.0% a quarter ago.
• • Weighted average interest rate stable at 1.9% p.a., with 96.9% of the bank borrowings hedged.
  • No near-term refinancing requirements as all of the borrowings will mature only in 2026 and beyond.
  • 1. 15-yearlease with German federal government body secured for 25.0% of Darmstadt Campus in Apr 2023 would improve
       IREIT's overall occupancy rate to 89.0% and weighted average lease expiry to 5.0 years on a pro forma basis.
    2. Based on gross rental income as at 31 Mar 2023 as compared to that as at 31 Mar 2022.

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