Wereldhave N : ODDO BHF Forum

ODDO BHF Forum 2023

9 January 2023

Table of contents

1. Key Messages & Highlights 9M 2022 and recent developments

1. Results H1 2022
2. LifeCentral
3. Financing & Valuations
4. Management Agenda

Appendices

2

Key Messages Wereldhave N.V. 9M 2022

• Direct result per share outlook 2022 lifted to € 1.60-1.65 from previous € 1.55-1.65
• Strong operational results under volatile economic and capital market conditions
• Positive leasing spread on top of 100% pass-through of inflation
• Major step-up in pre-letting Full Service Center transformations
• Solid liquidity position following refinancing of Revolving Credit Facilities
• Continued recognition for ESG program 'A Better Tomorrow' from GRESB and EPRA
• Delivering 3 FSCs in H2 on track and on budget, despite macro uncertainties
• Helped by The Sage office concept, office park Berchem (Antwerp) occupancy risen to 92% from

a low of 72%

3

Highlights 9M 2022

	9M 2021	9M 2022	Change
Direct result per share (€)	1.47	1.24	(0.23)
Indirect result per share (€)	(7.17)	0.02	7.19
Total result per share (€)	(5.70)	1.26	6.96
	31 Dec 2021	30 Sep 2022	Change
EPRA NTA per share (€)	21.54	21.59	0.05
Net LTV	41.0%	42.4%	+1.4pp
NPS (Benelux)	+25	+24	-1
Proportion of mixed-use Benelux (in m²)	10.8%	12.2%	+1.4pp

4

Operations 9M 2022

New leasing contracts are closed above ERV

Country	# of Contracts¹)	Leasing	MGR	vs ERV	Occupancy Rate
Volume²)	Uplift
Belgium	59	9.6%	4.7%	13.5%	97.2%
Netherlands	137	17.5%	0.0%	5.6%	95.6%
France	13	9.6%	0.0%	(0.4%)	97.2%
Total	209	13.7%	1.6%	7.3%	96.4%

5 1) New leases and renewals; excluding other commercial activities such as temporary leases, pop-up contracts and COVID-related discounts

2) As % of the annualized contract rent excluding discounts (MGR)