Wereldhave N.V. · EURONEXT:WHA

Wereldhave — Q3 2015 Earnings Presentation

9 slides from Wereldhave's earnings presentation, Oct 22, 2015

  1. Slide 1: Q3 Update

    Q3 UPDATE 22 October 2015

  2. Slide 2: Management Agenda 2015 – 2016

    MANAGEMENT AGENDA 2015 – 2016 CONTINUE STRONG  LfL rental growth > 100bps above index 2015: on-track; 2016: under review OPERATIONAL PERFORMANCE  Occupancy 1% up per year (base: 93.5% after acquisitions) Unchanged  NRI French retail stabilise at €46m in 2015 On-track INTEGRATE ACQUISITIONS  LfL

  3. Slide 3: Visitors

    VISITORS Q3 2015 Q3 2014 YTD YTD Growth (In #m) (In #m) (In %) Belgium 10.4 10.2 2.2% Finland 12.4 11.8 5.1% France 29.7 30.0 (0.9%) Netherlands* 28.6 28.6 - Total 81.1 80.6 0.7%  Netherlands: # of visitor in line with 2014, higher than the national index of -1.7%  Belgium: # of visitors increased

  4. Slide 4: Occupancy

    OCCUPANCY Occupancy Portfolio value* Q3 2015 Q2 2015 Q4 2014 Q3 2015 (In %) (In %) (In %) (In €m) (In %) Belgium 94.4% 94.9% 94.6% 614 17.0% Finland 93.2% 94.2% 92.1% 629 17.4% France 90.0% 91.1% 91.2% 843 23.3% Netherlands 94.7% 97.8% 98.0% 1,409 38.8% Shopping centres 93.3% 94.3% 93.9% 3,495 96.5%

  5. Slide 5: Committed Development Pipeline

    COMMITTED DEVELOPMENT PIPELINE Commited Total Capex (net) Capex Fully let Percentage Year of investment so far spent 2015 NIY prelet completion (In €m) (In €m) (In €m) (In %) (in %) 0.0 Dutch redevelopment program (NL) 72.0 32.5 7.0 5.9% 2018 Dutch refurbishment capex 27.0 14.6 2.5 Tournai - retail

  6. Slide 6: Debt Profile

    DEBT PROFILE Key parameters Q3-15 Q2-15 Covenants Interest bearing debt * € 1,928m € 1,465m  Increase of interest bearing debt mainly due to the Dutch Average cost of debt 2.2% 2.3% acquisition Borrowing capacity € 104m € 291m  Significant cash position in Q3 is mainly due to disposal of Carré Ver

  7. Slide 7: Earnings Outlook 2015-2016

    EARNINGS OUTLOOK 2015-2016 7% - 10% 4-6%  Direct result p/s growth 8-9% for 2015 2.97 2.87  Dividend p/s growth +5% for 2015  2016 outlook maintained 2014 2015 2016 Direct result per share Dividend per share 7

  8. Slide 8: Contact Details

    CONTACT DETAILS PRESS IINVESTORS & ANALYSTS Richard Beentjes Jaap-Jan Fit [email protected] [email protected] T +31 20 702 78 34 T +31 20 702 78 43 [email protected] www.wereldhave.com 8

  9. Slide 9: WERELUDHAVE

    F ¥y WERELUDHAVE

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