Swiss Prime Site : 2022 Annual results

ANNUAL RESULTS 2022

Z U R I C H , 9 F E B R U A R Y 2 0 2 3

AGENDA

1	KEY MESSAGES	PAGE 3

2	FINANCIALS	PAGE 10

3	PORTFOLIO & SUSTAINABILITY	PAGE 22

4	OUTLOOK & AGM	PAGE 41

Zurich | 9 February 2023

Annual results 2022 2

K E Y M E S S A G E S

Solid results on all levels | Targets met (1/2)

GROWTH IN OPERATING INCOME	INCREASE IN RENTAL INCOME
▪ Increase by +3.3% to CHF 774.4 million	▪	Rental income from properties up by 1.1% to CHF 431.3
▪ Solid growth in all segments; particularly strong in	▪	million (LfL: 1.9%)
Asset Management	Vacancy rate down to 4.3% (2021: 4.6%)

ATTRACTIVE REAL ESTATE PORTFOLIO

• Real estate portfolio with a fair value of CHF 13.1 billion (+2.3%) with revaluations of CHF 172.8 million mainly driven by an increase in rents and lower vacancy rate

STRONG ASSET MANAGEMENT

• Organic growth of AuM managed by Swiss Prime Site Solutions of CHF 1.8 billion (total CHF 7.7 billion)
• Target EBIT of CHF 30 million reached

COSTS UNDER CONTROL

• Increase in adjusted costs in line with top line development
• One-offcosts from impairments linked to Jelmoli repositioning and IT

EBIT GROWTH

• Adjusted EBIT up by 6% to CHF 430.7 million (before revaluations and one-off items)

Zurich | 9 February 2023						Annual results 2022 3

K E Y M E S S A G E S

Solid results on all levels | Targets met (2/2)

NEW FINANCING PAYS OFF	STRONG BALANCE SHEET AND FFO
▪ Significant improvement in financial performance	▪ Stable equity ratio of 47.7%; real estate LTV significantly
▪	and flexibility	▪	reduced from 40.2% to 38.9%
Extension of the credit facilities by one year	EPRA NTA increased to CHF 102.69 per share (+1.7%)
▪	Average interest rate at 0.90%	▪	FFO I per share up from CHF 4.01 to CHF 4.26 (+6.2%)

SUSTAINABILITY MANAGEMENT	ANNUAL GENERAL MEETING
▪ Strong improvement of GRESB-score	▪ Proposal for distribution of dividend of CHF 3.40 per share
in 2022 88 / 100 (+10 points)	[2021: CHF 3.35 per share]
▪ 75% of lettable floorspace within the	▪ Election of Reto Conrad to the Board of Directors proposed
property portfolio certified	▪ Amendments to the Articles of Association in the context of
	the revision of Swiss corporate law

Zurich | 9 February 2023						Annual results 2022 4

K E Y M E S S A G E S

Key figures for 2022

ABSOLUTE

RENTAL INCOME	AUM
RE AL E S TATE	AS S E T M ANAGE M E NT
in CHF million	in CHF million

EBITDA¹

in CHF million

PROFIT¹

in CHF million

PER SHARE

FFO I	DIVIDEND
in CHF	in CHF

EPRA NTA

in CHF

	431.3
426.7
2021	2022
+1.1%

	7.7
3.6
2021	2022
+108%

	448.6
428.1
2021	2022
+4.8%

	300.6
293.7
2021	2022
+2.4%

	4.26
4.01
2021	2022
+6.2%

3.35	3.40²
2021	2022
+1.5%

	102.69
100.93
2021	2022
+1.7%

1. before revaluations.
2. as proposed to the AGM.

Zurich | 9 February 2023						Annual results 2022 5