2022 HALF YEAR RESULTS

28 JULY 2022

CLEAR & CONSISTENT STRATEGY CONTINUES TO DELIVER

Portfolio valuation

+7.2%

ERV growth

+5.9%

Net investment

£548m

Like-for-like rental growth

+7.1%

Uplift on rent reviews and

+24%

renewals

Occupancy

97%

LTV ratio

23%

Cost of Debt1

1.8%

Debt Maturity1

8.7 years

2

1 Proforma for US Private Placement signed in early July

OCCUPIER OUTLOOK REMAINS VERY POSITIVE

European 1H22 take-up 8% higher than 1H211

Low vacancy rate across all European markets2

Take-up, million sqm

45.0

Estimated

H2 take-up

40.0

35.0

30.0

25.0

20.0

15.0

10.0

5.0

0.0

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 1H211H22

Vacancy, %

16

14

12

10

8

6

4

2

0

UK

France

Germany

Poland

Italy

Spain

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 1Q22

1

Source: Savills, Q2 2022 numbers are preliminary

3

2

Source: CBRE

PRIME MODERN PORTFOLIO HEAVILY WEIGHTED TO URBAN MARKETS

Portfolio split by geography and asset type

(at 30 June 2022)

Poland £1.4bn

Other, £1.3bn

Italy

£1.9bnLondon

£8.1bn

France £2.7bn

AUM

£23.8bn

Germany

£2.9bn

Thames Valley

National Logistics £2.0bn

£3.5bn

Urban (67%)

Big box (31%)

Other (2%)

4

A VERY DIVERSIFIED AND GROWING CUSTOMER BASE

Customer sectors

(headline rent, SEGRO share)

Other

Services & 6%

ultilities

Transport and

7%

logistics

Technology, Media and

22%

Telecoms

11%

Wholesale and

Retail

Retail

Distribution

19%

10%

Post and

Manufacturing

Parcel

16%

Delivery

9%

1,462 customers

Top 20 customers = 32% of total group headline rent

No single customer

  • 7% of total group headline rent

5

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SEGRO plc published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 07:27:05 UTC.