Mobimo : Presentation Half-Year Report 2021

Moxy Hotel

Quartier du Flon, Lausanne

2021 HALF-YEAR RESULTS

Agenda

Overview of the first half of 2021

Financial key figures for the first half of 2021

Real estate portfolio and pipeline

Focus and outlook 2021

30.7.2021 | Half-Year Results 2021

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Overview of the first half of 2021

Highlights

Successful sale of the Cosmos project with building permission in Dübendorf.

Sales successes at the Grace condominium project in Meggen.

Profit on development projects and sale of trading properties of CHF 54.4 million (prior year: CHF 2.7 million).

Reduction of vacancy rate to 5.0% (as at 31 December 2020: 5.5%).

Gratifying success in renting, particularly at the Mattenhof in Kriens.

Viable solutions were found for tenants particularly hard hit by the coronavirus measures.

The impact of the Covid effect on the half-year result amounted to CHF 1.0 million.

Portfolio growth through ongoing development of current projects.

Risk diversification through mix of use with a high proportion of residential

property (34.3%).

Reduction of average financing costs as at the reporting date to 1.2% (as at 31 December 2020: 1.5%).

Refinancing of a bond for CHF 200

million with a new coupon of 0.25% and a term of around six years.

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Overview of the first half of 2021

Market environment

Economic environment

Market for office/commercial space		Residential rental market

Switzerland is an attractive place to do business

Ongoing low interest rate environment encourages investment in property

No interest rate impact so far despite inflation expectations

Altered use needs and new sense of purpose for office space

Structural change in the retail sector

Temporarily challenging situation for city hotels

Swift recovery in food service industry after reopening

Continued high level of demand from a wide range of tenants

Liquid market

Residential construction projects still offer huge potential

Development for Third Parties

Unbroken earnings potential in the market

High level of risk tolerance among real estate investors

Interest from an early stage in projects

Transaction market

Dynamic market with the same actors driving it

Ongoing pressure on yields

Challenging transaction market for hotels and office space at B and C locations

Condominiums

Continued healthy demand

Liquid market

Rising prices, particularly in the mid- price and low-price brackets

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Les Pépinières

Quartier du Flon, Lausanne

Financial key figures for the first half of 2021