Swiss Prime Site : Results first half-year 2021

RESULTS FIRST HALF-YEAR 2021

Z U R I C H , 2 6 A U G U S T 2 0 2 1

AGENDA

1. HIGHLIGHTS FIRST HALF-YEAR 2021
2. RECONCILIATION RESULTS FIRST HALF-YEAR 2021
3. KEY FINDINGS AND PROJECT PIPELINE
4. FINANCIAL FIGURES FIRST HALF-YEAR 2021
5. EXPECTATIONS 2021 AND SUMMARY

Zurich | 26 August 2021

Results first half-year 2021 2

H I G H L I G H T S F I R S T H A L F - Y E A R 2 0 2 1

Key results at a glance

ASSETS UNDER MANAGEMENT GROWTH	FALL IN VACANCIES
▪ Increase in property portfolio by +1.1% to	▪ Decrease of 0.4 percentage points to 4.7% [FY 2020
CHF 12.5 billion	5.1%]
▪ Real Estate AuMs of Swiss Prime Site Solutions	▪ Vacancies reduced by around 10 000 m2
up by +6.7% to CHF 3.2 billion
OPTIMISATION OF FINANCING	STRONG RESULTS*

▪

▪

Strong equity ratio of 47.3% [FY 2020 47.8%] LTV of 42.0% [FY 2020 41.9%]

▪

▪

Increase in EBIT by +36.6% to CHF 211.0 million Profit up by +42.3% to CHF 163.5 million

MODERATE COVID-19 IMPACT

POSITIVE OUTLOOK

▪

▪

Rent waivers of CHF -3.1 million	▪ Increase in rental income subject to unforeseeable
Rent collection January to July 2021 at 98%	circumstances connected with the COVID-19 pandemic
	▪ Vacancies in portfolio will remain at the current level

* on a like-for-like basis (e. g. excl. proceeds from sale of Tertianum and revaluation effects)

Zurich | 26 August 2021						Results first half-year 2021 3

AGENDA

1. HIGHLIGHTS FIRST HALF-YEAR 2021
2. RECONCILIATION RESULTS FIRST HALF-YEAR 2021
3. KEY FINDINGS AND PROJECT PIPELINE
4. FINANCIAL FIGURES FIRST HALF-YEAR 2021
5. EXPECTATIONS 2021 AND SUMMARY

Zurich | 26 August 2021

Results first half-year 2021 4

R E C O N C I L I A T I O N R E S U L T S F I R S T H A L F - Y E A R 2 0 2 1

Strong business performance on a like-for-like basis (1/2)

OPERATING INCOME	EBIT AND EBIT MARGIN (EXCLUDING REVALUATIONS)
in CHF million	in CHF million and %

425.2

			3.1			362.8
			4.8
	72.4
					4.2		Other
	Assisted			341.2
	living						7.5		Asset management
			2.5
43.6		43.6	46.0					Retail
	4.8
			57.6					Real estate services
58.6			58.6
22.8			22.8	34.1					Development
219.9			208.9	213.4					Letting

+6.3%

H1 2020	H1 2020	H1 2021
reported	adjusted

361.0
		211.0
	154.5
		58.2%
	45.3%	+36.6%
H1 2020	H1 2020	H1 2021
reported	adjusted

Adjustment:Includes income from assisted living and letting (Tertianum) for two months in the financial year 2020

Adjustments:Proceeds from sale of Tertianum of CHF 204.2 million in H1 2020 and results from Tertianum for January and February 2020

Zurich | 26 August 2021						Results first half-year 2021 5