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    VGP   BE0003878957

VGP NV

(VGP)
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VGP : Company Presentation Sept 2021

09/28/2021 | 10:42am EST

VGP

Company Presentation

September 2021

www.vgpparks.eu

1. Introduction to

VGP

Fully integrated pure-play logistics real-estate company

Company at a glance

  • Pan-European operator, owner and developer of prime logistics and light industrial parks
  • Fully integrated business model with expertise across value chain: >300 employees in 13 countries
  • High quality standardised logistic and semi-industrial real estate asset base
  • All new buildings delivered at least certified BREEAM
    Very Good or equivalent4
  • Fully let standing portfolio and significantly pre-letdevelopment pipeline: Completed portfolio is 99.4% let and Portfolio under construction is 81.3% pre-let as of June 2021
  • VGP well financed and strongly capitalized: shares listed on Euronext Brussels since 2007
  • Successful and long-termpartnership with Allianz Real Estate since 2016: 3 joint ventures since inception

Portfolio KPI's as of 30-Jun-21

€4.48bn1

85

324

Total GAV

Parks

Tenants

3.9 years

99.4%2

8.2 years3

Average

Occupancy

WAULT

Building Age

Financial KPI's as of 30-Jun-21

€184.3mm5

30.4%

€1.4bn

Shareholders'

EBITDA

Gearing ratio

Equity

130

Number of completed buildings

€205.7mm

Committed annualised rental income

:

BBB-

  1. Gross Asset Value of VGP, including own portfolio and joint ventures at 100% as of 30 June 2021
  2. Including JV portfolio at 100%
  3. Refers to WAULT of JV and Own portfolio combined.
  4. Started-upafter 1 January 2020.
  5. Operating EBITDA (Incl. JV at share) and is calculated as investment EBITDA, property development EBITDA and property management and asset management EBITDA

3

Overview of VGP Parks

Overview of VGP Parks by country

Overview of VGP Parks as of 30 June 2021

4

Key ESG goals of VGP:

Net carbon neutrality by 2025 target introduced in 2021

Invest in income generating renewable energy assets

Green power generation capacity of 61.8 MWp; target increased to 200MWp

34.9% of the total portfolio has now been environmentally certified; All new buildings delivered at least certified BREEAM Very Good or equivalent

Board continues diversity lead - women represent 60% of our board

VGP Foundation identified first 29 support projects

T A R G E T

Target by 2025 to be net carbon neutral under Scope 1 and 2

Reporting in accordance with GRI-standards and CDP greenhouse emissions

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

VGP NV published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2021 14:41:00 UTC.


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Sales 2021 34,0 M 38,5 M 38,5 M
Net income 2021 345 M 390 M 390 M
Net cash 2021 10,0 M 11,3 M 11,3 M
P/E ratio 2021 12,0x
Yield 2021 2,02%
Capitalization 5 164 M 5 829 M 5 841 M
EV / Sales 2021 152x
EV / Sales 2022 65,6x
Nbr of Employees 300
Free-Float 44,3%
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 236,50 €
Average target price 237,50 €
Spread / Average Target 0,42%
EPS Revisions
Managers and Directors
Jan van Geet Chief Executive Officer & Executive Director
Dirk Stoop Chief Financial Officer
Bart van Malderen Chairman
Miquel-David Martinez Chief Technical Officer
Ann Gaeremynck Independent Director