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    SPSN   CH0008038389

SWISS PRIME SITE AG

(SPSN)
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EQS-Adhoc : Swiss Prime Site: successful business -2-

02/25/2021 | 01:04am EDT
climate neutrality in the property portfolio by 2040. 
Change in the Group Executive Board of Swiss Prime Site 
Markus Meier, CFO Swiss Prime Site, has decided to leave the company for personal reasons and after many years of 
commitment. The Board of Directors and the Group Executive Board thank him for his great contribution to the company's 
success and wish him all the best for the future. The Swiss Prime Site Board of Directors has appointed Dr. Marcel 
Kucher (Swiss, 1971) as his successor. Marcel Kucher completed his studies in economics at University of Zurich in 2000 
with his dissertation. He then began his professional career at McKinsey & Company (Zurich). He is currently CFO of the 
listed Peach Property Group. Dr. Barbara Frei-Spreiter, Chairwoman of the Nomination and Compensation Committee of 
Swiss Prime Site's Board of Directors comments: «We are pleased to have recruited Marcel Kucher, a proven financial 
expert with in-depth real estate knowledge, for Swiss Prime Site. With his broad wealth of experience in the areas of 
capital markets and digitalisation, he will ideally complement and further strengthen our Group's management team.» 
Marcel Kucher will take up his new position on 1 July 2021. 
Annual General Meeting 2021 
The Board of Directors proposes to the shareholders at the Annual General Meeting on 23 March 2021 a distribution of 
CHF 3.35 per share (ex-date: 25 March 2021, payment date: 29 March 2021). Half of the distribution will be made from 
the reserves from capital contributions (without withholding tax deduction) and half as an ordinary dividend (with 35% 
withholding tax deduction). Furthermore, the Board of Directors proposes Ms. Barbara A. Knoflach for election to the 
Board of Directors at the Annual General Meeting. The current members of the Board of Directors, with the exception of 
Mr. Rudolf Huber, are standing for re-election. 
If you have any questions, please contact: 
 
Investor Relations, Markus Waeber 
Tel. +41 58 317 17 64, markus.waeber@sps.swiss 
 
Media Relations, Mladen Tomic 
Tel. +41 58 317 17 42, mladen.tomic@sps.swiss 
 
Web links: 
Online Annual report | Press release | Presentation | Webcast | Invitation to the AGM 
SELECTED KEY FIGURES 
 
                                                                                 in    31.12.2019 31.12.2020 
 
Group key figures 
Investment properties at fair value                                             CHF m  11 765.4   12 322.6 
 
Rental income from properties                                                   CHF m   486.9      424.7 
Income from real estate developments                                            CHF m   79.8       50.1 
Income from real estate services                                                CHF m   117.5      115.2 
Vacancy rate                                                                    %       4.7        5.1 
Net property yield                                                              %       3.5        3.2 
Weighted average interest rate on financial liabilities                         %       1.2        1.1 
Total operating income                                                          CHF m  1 258.8     792.9 
 
Revaluation of investment properties, net                                       CHF m   203.4      203.4 
Result from investment property sales, net                                      CHF m   20.8       22.2 
Result from sale of participations, net                                         CHF m  -           204.2 
 
Operating result before depreciation and amortisation (EBITDA)                  CHF m   653.4      779.9 
Operating result (EBIT)                                                         CHF m   628.3      762.3 
Profit                                                                          CHF m   608.5      610.4 
 
Key figures: Real Estate segment 
Rental income from properties                                                   CHF m   437.3      431.0 
Income from real estate developments                                            CHF m   79.8       50.1 
Total operating income                                                          CHF m   519.5      482.9 
Operating result (EBIT)                                                         CHF m   572.9      555.0 
 
Key figures: Services segment 
Rental income from properties                                                   CHF m   106.0      28.6 
Income from real estate services                                                CHF m   148.1      146.2 
Income from retail                                                              CHF m   127.8      110.6 
Income from assisted living                                                     CHF m   423.9      72.4 
Income from asset management                                                    CHF m   13.5       13.1 
Total operating income                                                          CHF m   828.4      378.2 
Operating result (EBIT)                                                         CHF m   55.5       207.3 
 
Group key financial figures 
Shareholders' equity                                                            CHF m  5 459.2    6 085.6 
Equity ratio                                                                    %      44.4       47.8 
Loan-to-value ratio of property portfolio (LTV)                                 %      45.7       41.9 
Return on equity (ROE)                                                          %      11.5       10.6 
Return on invested capital (ROIC)                                               %      5.6        5.4 
 
Earnings per share (EPS)                                                        CHF     8.00      8.04 
NAV before deferred taxes per share^1                                           CHF     86.34     95.41 
NAV after deferred taxes per share^1                                            CHF     71.87     80.11 
 
Group key figures excluding revaluations and all deferred taxes 
Operating result (EBIT)                                                         CHF m   424.9      558.9 
Profit                                                                          CHF m   315.7      476.6 
Earnings per share (EPS)                                                        CHF     4.14      6.27 
Return on equity (ROE)                                                          %       6.3        8.5 
 
^1 Services segment (real estate-related business fields) included at book values only ----------------------------------------------------------------------------------------------------------------------- End of ad hoc announcement ----------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Swiss Prime Site AG 
              Frohburgstrasse 1 
              4601 Olten 
              Switzerland 
Phone:        +41 (0)58 317 17 64 
E-mail:       markus.waeber@sps.swiss 
Internet:     www.sps.swiss 
ISIN:         CH0008038389 
Listed:       SIX Swiss Exchange 
EQS News ID:  1170967 
 
End of Announcement EQS Group News Service 
=------------ 

1170967 25-Feb-2021 CET/CEST

(END) Dow Jones Newswires

February 25, 2021 01:03 ET (06:03 GMT)

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Financials
Sales 2021 856 M 925 M 925 M
Net income 2021 427 M 461 M 461 M
Net Debt 2021 5 162 M 5 582 M 5 582 M
P/E ratio 2021 16,7x
Yield 2021 3,58%
Capitalization 7 054 M 7 623 M 7 627 M
EV / Sales 2021 14,3x
EV / Sales 2022 15,1x
Nbr of Employees 1 455
Free-Float 99,8%
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Mean consensus HOLD
Number of Analysts 6
Last Close Price 92,85 CHF
Average target price 98,80 CHF
Spread / Average Target 6,41%
EPS Revisions
Managers and Directors
RenÚ Zahnd Chief Executive Officer
Markus Meier Chief Financial Officer
Ton BŘchner Chairman-Supervisory Board
Christopher Michael Chambers Member-Supervisory Board
Mario F. Seris Vice Chairman-Supervisory Board