Company Presentation

September 2023

1

Fully integrated pure-play logistics real-estate company

Portfolio KPI's

as of

30 June '23

Company at a glance

• All new buildings required to be delivered at certified BREEAM

Very Good (aim Excellent) or DGNB Gold level

€6.76bn1

Total GAV

17

Countries

110

Parks

207

3.7 years

Number of

Average

completed

building age

buildings

€328.1 mm

•

Fully let standing portfolio and significantly pre-let

development pipeline: Completed portfolio is 98.8%2 let and

portfolio under construction is >90% pre-let

•

VGP well financed and strongly capitalized: shares listed on

5.56%4

Yield

98.8%2

8.1 years3

Occupancy

WALT

Committed annualised

>500

Tenants

rental income

Euronext Brussels since 2007 and included in the EPRA Nareit

Developed Europe Index since 2022 and the BEL ESG

Index since 2023

• Successful and long-term partnership with Allianz Real Estate

since 2016 and a new joint venture was set up with Deka

Immobilien this year

Financial KPI's as of 30 June '23

€ 48.6 mm

31.3%5

€2.2bn

Pre-tax Profit

Gearing ratio

Shareholders' Equity

: BBB-

Source: company information as of 30 June 2023

1Gross Asset Value of VGP, including Owned Portfolio and joint ventures at 100% as of 30 June 2023; 2Including JV portfolio at 100%; 3Refers to WALT of JV

and Owned Portfolio combined; 4Weighted average yield of own standing property portfolio as of 30 June 2023; 5 Pro froma gearing ratio adjusted for

payments received relating to the Third Joint Venture of € 50 million in July '23, as well as the expected proceeds and disposal of respective assets of the

first closing with the Fifth Joint Venture in Q3 '23. The reported gearing ratio amounts to 40.1%. The gearing ratio is calculated as Net debt / Total equity

2

and liabilities 6 Started after January 2022.

Well diversified portfolio across Continental Europe

INVESTMENT PORTFOLIO BREAKDOWN BY STATUS1

Development land

  • 783 mm
    Under 12%

Construction

€ 688 mm

10%Standing assets € 5,228 mm

78%

INVESTMENT PORTFOLIO BREAKDOWN BY OWNER1

Own assets € 2.6 bln

JV

40%

  • 4.1 bln
    60%

As of 30 June 2023

3

1Including 100% of JVs assets

1H 2023 committed rental income - including JVs at 100% - increased by 8.2% YTD

COMMITTED ANNUALISED RENTAL INCOME AND NUMBER OF TENANCY CONTRACTS

Increase in rental income

Rolling rental income

Number of contracts

600

Committed annualised rental income

€ 350

€ 300

500

Number of tenancy contracts

€ 250

400

€ 200

300

€ 150

200

€ 100

€ 50

100

€ -

0

2016

2017

2018

2019

2020

2021

2022

1H 2023

Signed and renewed rental income of €36.2 million in 1H '23

1Including € 191.4 million through the Joint Ventures

  • In total 505 tenant contracts
  • Committed annualised leases of € 328 million1 (FY22 303 million)
  • Occupancy rate of 99% for the completed portfolio2

5

²Including 100% of JVs' assets

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Disclaimer

VGP NV published this content on 17 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 October 2023 09:22:31 UTC.