ANNUAL RESULTS 2023

MANAGEMENT BOARD S IMMO AG

Radka Doehring

Member of the Management Board

Tomáš Salajka

Member of the Management Board

Member of S IMMO Management Board since June 2023More than 20 years experience in financeFinance/Controlling/ICS, HR/Organisation, IT, Finance/Treasury,

Audit, Compliance, Investor Relations/Public Relations/Marketing, Law, ESG

Member of S IMMO Management Board since February 2024More than 20 years experience in the real estate sector

Risk Management, Investments/Transactions, Project

Development, Asset Management

KEY HIGHLIGHTS AND FINANCIALS

HIGHLIGHTS FY 2023

Total revenues Rental income Occupancy rate1) Gross profit

FFO I per share Real estate portfolio (IFRS Book value)

EUR 336.5m EUR 202.6m 90.6% EUR 179.3m

EUR 260.5m

EUR 76.0m

29%

EUR 155.7m

EUR 46.9m

30%

92.6%

-2.0%

n.a.

EUR 140.2m

EUR 39.1m

28%

Change absolute

Change in %

EUR 3,477.6m

1) Excluding owner-operated hotels

EUR 0.92

EUR 0.49

54%

EUR 3,273.8m

EUR 203.8m

6%

EUR -78.4m

-EUR 30.9m

-39%

39.4%

8.4%

n.a.

EUR 26.09

- EUR 1.09

-4%

in EUR m

Revenues

Rental income

Revenues from operating costs Revenues from hotel operations

Other operating income

Property operating expenses Hotel operating expenses

Gross profit

Result from property disposals Management expenses

EBITDA

01-12/2023

336.5

202.6

63.8 70.0

4.2

-108.7 -52.7

0 -36.6

142.6

01-12/2022

Change absolute

Change in %

260.5 155.7

76.0 29

46.9 30

48.4 56.4

15.4 32

13.6 24

2.2

2.0 89

-79.5 -43.0

-29.2 -37

-9.7 -23

140.2

39.1 28

0 -34.1

0 0

106.1

-2.5 36.6

-7 34

in EUR m

EBITDA

Depreciation and amortisation Results from property valuation

Operating income (EBIT)

Financial result

Earnings before tax (EBT)

Taxes on income

Consolidated net income of which attributable to shareholders in the parent company of which attributable to non-controlling interests

01-12/2023 01-12/2022

142.6

24.1

5.0

-41.4

Change absolute

Change in %

106.1

36.6 34

-9.7 -78.4

0.5 5

18.0

-30.9

6.1

-39 34

16.9

-87.3 -518

34.8

-81.2 -233

-15.9

20.9

131

18.9

-60.3 -319

-32.2

27.2

-59.4 -218

-9.2

-8.3

-0.9 -11

VALUATION RESULT

Valuation result by type of use (in EUR m)

as of 31 December 2023

as of 31 December 2022

Residential

-72.2

-55.1

Office

-86.3

-11.7

Retail

48.5

-13.4

Hotel

-0.1

-0.4

Land plots

0.8

2.2

Total

-109.3

-78.4

Valuation result by country (in EUR m)

as of 31 December 2023

as of 31 December 2022

Austria

-27.6

-6.6

Germany

-118.5

-73.3

Hungary

-17.4

2.9

Romania

-9.8

-1.9

Czech Republic

69.4

0.2

Slovakia

-6.2

-4.7

Croatia

0.1

5.0

Bulgaria

0.6

-0.005

Total

-109.3

-78.4

DEBT FINANCING PROFILE

Maturity profile (in EUR m)

700 600 500 400 300 200 100

0

2024

2025

2026

Regular installments asset based loans

2027

2028

Maturity asset based loans

2029

from 2030 onBond repayments

Overview of the debt structure

Breakdown by instruments

Fixed vs. variable interest rates

Bank loan - non-current 62.6%

  • 1) 99.4% of which are hedged

    9

  • 2) Incl. hedging

Less

EPRA LTV in %

47.8

Average cost of funding

Current cost of debt by instruments

Average: 2.44%

Real estate financing

2.43%

2.47%

2

Cost of funding incl. hedging

Bonds

2019

2020

2021

2022

2023

SHARE DATA

Share price performance (04 January 2016 - 31 December 2023)

Jan-16

Jan-17

Jan-18

Jan-19

Jan-20

Jan-21

Jan-22

Jan-23

S IMMO AG: 51.52%

IATX: 37.78%

ATX: 46.27%

Key share data as of 31 December 2023

ISIN

AT0000652250/SPI

Ticker symbols

Reuters: SIAG.VI / Bloomberg: SPI:AV

Market

Wiener Börse

Market segment

Prime Market

Index

IATX / GPR General

Share price

EUR 12.50

Market capitalisation

EUR 920.1m

Free float

11.63%

Number of shares

73.608.896

Market maker

Hauck & Aufhäuser

Free float 11.63%

CPI Property Group S.A. 88.37% of which 50.00%1) plus one share via IMMOFINANZ AG

Shareholder structure

Coverage

Research house

Target price

Recommendation

Last update

Erste Group

EUR 17.00

Buy

29 November 2023

NuWays

EUR 18.40

Buy

06 February 2024

SRC Research

EUR 18.00

Buy

30 August 2023

1) Based on the number of share capital held as reported by IMMOFINANZ AG and CPI Property Group S.A. on 28 December 2022

10

The Mark

Bucharest, Romania

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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 13:35:02 UTC.