TRADING UPDATE

30TH SEPT 2022

www.siriusfacilities.com

Leading Owner of Business Parks, Industrial Complexes & Out-Of-Town offices in Germany & the UK

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Sept 2022

Trading Update

About Sirius

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Leading owner and operator

of business parks, industrial complexes & out of town offices in Germany & the UK

€2.4bn

value of owned & managed property across Germany & the UK (€2.1bn owned)

€993m total debt

Fully integrated operating

platforms with employees in nearly 150 locations across Germany & the UK

Listed on the main markets

of the LSE and JSE

Market capitalisation of over €900 million (£800 million)

UK REIT Status *

1.5x covered dividend

FTSE EPRA/NAREIT Global Real

Estate Index and FTSE/JSE SA

Listed Property Index

Sept 2022

Trading Update

* Relating to UK business only

About Germany

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Economy spread across several

Well diversified economy

The "Mittelstand"

large autonomous markets

Machinery, automotive,

The SME market makes up over 50% of the German

Frankfurt, Berlin, Munich, Hamburg,

chemical, medical,

economy in terms of both employment & output;

Dusseldorf, Cologne & Stuttgart

energy, environmental,

SME demand remains strong

consumer & service

High replacement costs

German light-industrial buildings are constructed to comparatively high standards and replacement costs are often up to 200% of the capital value of secondary stock

High levels of investment

Germany and German real estate in particular has historically attracted high levels of investment

Resilience

  • As Europe's largest economy, Germany grew YoY by just under 2% in H1 with a similar figure of c 1.8% predicted for the full year, and predictions of more than 2.0% in 2023
  • German relief package announced end of September worth up to €200.0bn to fight soaring energy costs (Germany's defensive shield)

Sept 2022

Trading Update

Russia / Ukraine Conflict & Utilities

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  • According to the German Federal Agency responsible for the co-ordination of the supply of Gas throughout Germany, the events at the Nord Stream 1 and 2 pipelines are not affecting gas supply in Germany. No gas has been delivered through Nord Stream 1 since the beginning of September and Nord Stream 2 has never been put into operation. German Gas reserves are now more than 90% full to capacity and Gas continues to be supplied from a range of different sources other than Nord Stream.
  • As previously explained Sirius secured gas supplies for it's customers at fixed rates in 2020, those fixed rate agreements do not expire until December 2023 and unless the German government moves Germany to Emergency Level status in relation to the supply of Gas and we have no reason to believe there will be any material changes to our fixed rate agreements where the supply of Gas is concerned.
  • In September 2022, the German government announced a relief package worth up to €200 billion to fight soaring energy prices in Germany allowing businesses to borrow up to €200 billion to finance the "gas price brake" as well as additional support measures for struggling businesses.

Sept 2022

Trading Update

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Sirius Real Estate Limited published this content on 10 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2022 08:02:05 UTC.