Results H1 2021

27 July 2021

Table of contents

  1. Introduction & Highlights
  2. Disposal Program
  3. Results
  4. Capital Allocation & Financing
  5. LifeCentral
  6. Management Agenda Appendices

2

Introduction

Company Profile post French Transaction

Key Facts1)

Number of shopping centers

22

Average size

26,700

m²

Number of shopping center

31.8 m

visitors (H1 2021)

Pro-forma net loan to value

42 %

ratio

Occupancy shopping centers

95.5

%

9

EPRA NIY shopping centers

6.0

%

WALT2)

6.1 years

Development pipeline3)

€ 48 m

6

1) Post disposal four French assets

3 2) Lease end date of shopping centers. Indefinite contracts counted as 1 year lease term

3) Future capex of total committed projects

Introduction

Company Profile H1 2021 post French Transaction

Portfolio Breakdown by value

Portfolio Breakdown by value

Offices

5%

Netherlands

44%

Belgium

€ 1.9bn

€ 1.9bn

47%

Shopping centers

France

9%

4

95%

Key Messages

  • Major step in phasing out France: sold four out of six French assets for € 305m
  • Koningshoek sold above book value, Benelux disposal program finalized
  • LTV down to 46% - pro-forma for four asset French disposal 42%
  • Dutch valuations stabilizing for the first time in nine valuation rounds
  • As a result of disposals, outlook 2021 direct result now at € 1.75 - 1.85 per share
  • Outlook Direct Result 2022 reiterated at € 1.40-1.50 per share; to be followed by 4-6% annual growth
  • Dividend guidance 2021 minimum of € 1.00 per share

5

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Wereldhave NV published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 06:09:02 UTC.