Making an impact

Annual Report 2023

Making an impact

Reliability, quality, foresight: We are committed to and driven by our promise to our stakeholders. This gives us a responsibility to make sure things run smoothly. And that the right processes are in place. In every market. Internally and externally. This commitment gives us the strength to drive decisive issues such as ESG within the Group, to prepare our portfolio for the future and to boldly take the right steps towards digitalisation.

S IMMO AG is a real estate investment company based in Vienna. We have been listed on the

Vienna Stock Exchange since 1987.

Increase in

rental revenues to 30%

We invest 100% in the European Union.

compared to the previous year

The property portfolio of S IMMO consists primarily of offices, commercial properties and hotels.

We have reduced the proportion of residential properties gradually since the autumn of 2022.

Portfolio development:

New acquisitions in Austria and Czech Republic with a commercial focus: 354,000 m2

Improvement in the Sustainalytics ESG Risk Rating from 15.0 to 12.2.

Now in the top 18% industry-wide..

ESG:

Over 53% certified gross leasable area in commercial properties

Digitalisation:

Continuous innovation management

System landscape & data lake

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Contents

Making an impact

p. 3 - Future proof p. 7 - ESG p. 10 - Data lake

Company and share

  • p. 12 - Our portfolio

  • p. 13 - Key figures

  • p. 14 - Letter from the management

  • p. 16 - Overview of the management bodies

  • p. 18 - Report of the Supervisory Board

  • p. 21 - Corporate governance report

  • p. 25 - S IMMO in the capital market

Non-financial report

  • p. 32 - Non-financial report

  • p. 35 - ESG strategy and sustainability management

  • p. 39 - Environment

  • p. 66 - Social

  • p. 81 - Governance

  • p. 88 - GRI content index

Management report

p. 92 - Group fundamentals p. 95 - Economic report

  • p. 100 - Non-financial performance indicators and corporate responsibility

  • p. 101 - Information in accordance with section 243a (1) Austrian Commercial Code

    (UGB)

  • p. 104 - Risk management report

  • p. 114 - Outlook

Consolidated financial statements

  • p. 116 - Consolidated statement of financial position

  • p. 118 - Consolidated income statement

  • p. 119 - Consolidated statement of comprehensive income

  • p. 120 - Consolidated cash flow statement

  • p. 122 - Changes in consolidated equity

  • p. 123 - Notes to the consolidated financial statements

Further information

  • p. 180 - Declaration of the Management Board

  • p. 181 - Auditor's report

  • p. 190 - Portfolio overview

  • p. 196 - Financial calendar 2024

  • p. 197 - Contact and publication details

Annual Report 2023

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Wienerberg

S IMMO AG moved its headquarters to Vienna's

Wienerberg area in

June 2023. In July 2023, the company acquired the Twin Towers from IMMOFINANZ AG. Further office properties and a

hotel at the same site were acquired at the end

of October.

Future- proof

Our entrepreneurial approach is proving its worth. We closely monitor the markets so we can take action at an early stage and optimise our portfolio.

Rising interest rates are currently shifting the profitability of real estate. S IMMO has restructured its portfolio accordingly through sales and acquisitions.

We have adjusted our strategy to reflect the current market.

The most important cornerstone of this is a sales programme for residential and commercial real estate in Germany. Since the autumn of 2022, a total of 178 properties with a total volume of EUR 642m have been sold.

Built in 2019, the six-storey Mayhouse features around 8,400 m² of modern office and retail

space. The property is located near the

popular Pankrác business district in Prague and boasts BREEAM In-Use Excellent certification.

The Meteor Centre Office Park is a three-part building complex located in one of Prague's fastest growing districts, Karlín P8, which is gradually evolving into a prestigious office location close to the city centre.

We invested the cash generated from these sales in higher-yielding office properties in Central and Eastern Europe and Austria.

The Hradčanská Office Centre is located in a picturesque district of Prague near Prague Castle. The local area boasts all the essential services and amenities, as well as good connections to the underground railway and accessibility by car.

The ZET.office is located in a former industrial estate in Brno. The property was remodelled as a modern office space in 2019 and covers an area of around 20,500 m². It features a BREEAM In-Use Excellent certification.

The Twin Towers are some of the best-known office towers in Vienna. Standing at 138 and 127 metres high, they are also two of the

tallest buildings in the city.

E S G

In the summer of 2023, S IMMO successfully issued its third green bond. These bonds reflect our focus on ESG. With our portfolio, we pursue an

ESG strategy with clear goal and rank in the top 5% globally in the

Sustainalytics ESG Risk Rating.

8

Acting responsibly together

In view of the continuous advance of climate change, it has become essential that we understand and take into account the reciprocal effects of environmental change and business activities and minimise negative influences.

As a real estate company, S IMMO's main focus is on designing the construction, operation and modernisation of its properties in a way that conserves as many resources, produces as few emissions and is as user-friendly as possible. As a result of the closer cooperation with CPI and Immofinanz, a common Group-wide ESG strategy has been established, which also includes specific targets for reducing energy, water and greenhouse gas intensity.

In this context, recent joint achievements include the conclusion of renewable power purchase agreements in Austria and Germany together with Immofinanz and the German CPI subsidiary GSG Berlin. As a group, the first green lease agreements were also introduced in Vienna and Budapest, which are intended to encourage owner and tenants to jointly manage and use the properties in a way that conserves resources as much as possible. This includes, for example, regulations on the economical use of energy and water and how to handle waste as well as requirements for exchanging related data. S IMMO also benefits from CPI's ISO 50001-certified energy management system for its properties acquired in the Czech Republic. In addition, S IMMO was able to further increase the proportion of green building-certified and taxonomy-aligned buildings.

Gateway Office Park is located on the Pest side of Árpád Bridge in one of the fastest developing and most fashionable business districts of Budapest, and boasts BREEAM

In-Use Very Good certification.

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Disclaimer

S IMMO AG published this content on 25 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2024 13:13:31 UTC.