Leasinvest Real Estate : Presentation half-year results 2021

INVESTOR PRESENTATION

H1 2021

19 August 2021

Table of

Contents

1.	Highlights H1 2021	4
2.	Activity overview H1 2021	10
3.	Portfolio	34
4.	Financials	38
5.	Share performance	46
Appendices	51

2

Investor presentation | Leasinvest.be

H1 2021

Disclaimer

This presentation has been prepared by the management of Leasinvest Real Estate SCA, a Belgian public real estate investment company ("Leasinvest" or the "Company"), solely for your information and background and is subject to updating, completion, revision and amendment and such information may change materially. No person is under any obligation to update or keep current the information contained in this document and any opinions expressed in relation thereto are subject to change without notice. All figures show the 30 June 2021 situation, unless stated otherwise.

This Presentation includes forward-looking statements that reflect the Company's intentions, beliefs or current expectations concerning, among other things, the Company's results, condition, performance, prospects, growth, strategies and the industry in which the Company operates.

Forward looking	In addition, even if the
statements	Company's results, condition,
	and growth and the
These forward-looking	development of the industry in
statements are subject to risks,	which the Company operates
uncertainties and assumptions	are consistent with the
and other factors that could	forward-looking statements,
cause the Company's actual	contained in this document,
results, condition,	those results or developments
performance, prospects,	may not be indicative of
growth or opportunities, as	results or developments in
well as those of the markets it	future periods.
serves or intends to serve, to
differ materially from those	The Company and each of its
expressed in, or suggested by,
directors, officers and
these forward-looking
employees expressly disclaim
statements.
any obligation or undertaking
	to review, update or release
The Company cautions you	any update of or revisions to
that forward-looking	any forward-looking
statements are not guarantees	statements in this Presentation
of future performance and that	or any change in the
its actual results and condition	Company's expectations or
and the development of the	any change in events,
industry in which the Company	conditions or circumstances on
operates may differ materially	which these forward-looking
from those made in or	statements are based, except
suggested by the forward-	as required by applicable law
looking statements contained	or regulation.
in this document.

3

Investor presentation | Leasinvest.be

H1 2021

1. Treesquare (BE)

Highlights H1 2021

4

Investor presentation | Leasinvest.be

H1 2021

Highlights

H1 2021

Net result of to

€ 28.0 m vs € - 30.7 m (H1 2020)

19 July 2021: business

combination with

Extensa group

approved

Start of

Leasinvest 2.0

EPRA earnings

rise from € 13.1 m

(H1 2020)

to € 15.6 m

Further drop in

funding cost from 2.35% end 2020 to

2.09%

Important leases in Belgium and Luxembourg: Monteco (100%), Mercator-High 5! and Knauf Pommerloch

Occupancy rate rises from 91.62% end 2020 to 92.57%

5

Investor presentation | Leasinvest.be

H1 2021