UBM Development : Q3 2021 - Presentation

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residential.office.hotel.

first three quarters 2021.

Investor Presentation 25 November 2021

DISCLAIMER

disclaimer.

This presentation was prepared by UBM Development AG (the "Company" or "UBM") solely for use at investors' meetings and is furnished to you solely for informational purposes.

This presentation dates as of 25 November 2021. The facts and information contained herein might be subject to revision in the future. Neither the delivery of this presentation nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. None of the Company or any of its parent companies or subsidiaries or any of such person's directors, officers, employees or advisors nor any other person makes any representation or warranty, express or implied as to, and no reliance should be placed on, the accuracy or completeness of the information contained in this presentation. None of the Company or any of its parent companies or subsidiaries or any of their directors, officers, employees and advisors nor any other person shall have any liability whatsoever for any loss howsoever arising, directly or indirectly, from any use of this presentation. The same applies to information contained in other material made available at such investors' meetings.

This document is selective in nature and is intended to provide an introduction to, and overview of, the business of the Company. Wherever external sources are quoted in this presentation, such external information or statistics should not be interpreted as having been adopted or endorsed by the Company as being accurate.

This presentation contains forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which the Company operates. These statements generally are identified by words such as "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements, including but not limited to assumptions, opinions and views of the Company or information from third party sources, contained in this presentation are based on current plans, estimates, assumptions and projections and involve uncertainties and risks. Various factors could cause actual future results, performance or events to differ materially from those described in these statements. The Company does not represent or guarantee that the assumptions underlying such forward- looking statements are free from errors nor do they accept any responsibility for the future accuracy of the opinions expressed in this presentation. No obligation is assumed to update any forward-looking statements.

By accepting this presentation, you acknowledge that you will be solely responsible for your own assessment of the market and of the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company's business.

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UBM Development AG - Investor Presentation

25.11.2021

UPDATE

summary. q1-3 2021.

• solid q3. guidance re-affirmed.

• co2 emissions. timber construction is the answer.

• esg. industry leading position to translate into future demand.

• resi and office pipeline. secured profitability in a sellers' market.

• record cash. firing power for big scale project acquisitions.

• outlook. €55-60m EBT. 2022 even better than 2021.

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UBM Development AG - Investor Presentation

25.11.2021

GUIDANCE

• solid q3.

Earnings before tax (EBT) in €m

				70.5
				62.3
			51.0	55-60
		46.2	46.2	55.5
			35.4
Q1	HY		Q1-3	FY
2018	2019	2020	2021

• Second best EPS and EBT ever
• Q4 to see further project sales securing FY guidance
• Solid debt position in uncertain times

	30 Sep 2021	30 Sep 2020
EBT (€m)	46.2	51.0
EPS (€)	3.86	3.63
Net Debt (€m)	409.5	509.2
LTV (%)	26.3	36.7

guidance re-affirmed.

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UBM Development AG - Investor Presentation

25.11.2021

ESG

• co2 emissions. a case for timber.

Breakdown by sector and subsectors

Construction &	Building operation	 6% of total global co2 emissions
Real Estate	produced by concrete and steel
	74%

Others*		62%	~35.5 bn 38%
	tons CO2	43%
				Other materials & energy
				26%
			Building	57%
			Concrete & steel = 6% of total
			construction

• 2 billion tonnes of co2 to be partially substituted by timber
• More than 100.000m² of timber construction projects supporting our ambition to become the largest timber construction developer in Europe

* industry emissions 32% / car traffic 10% / road freight 7% / other traffic 6% / rest of emissions 7%

timber construction. strongest lever for co2 reduction.

Source: United Nations Environment Programme (2020 Global Status Report for Buildings and Construction) & IEA (Transport sector CO2 emissions)	5
UBM Development AG - Investor Presentation	25.11.2021