Patrizia Se · XETR:PAT

Patrizia — PATRIZIA Immobilien — Merger or Acquisition (April 2013)

14 slides from Patrizia's merger presentation, Apr 8, 2013

  1. Slide 1: PATRIZIA & GBW AG

    PATRIZIA & GBW AG Additional information to the Ad hoc announcement dated April 8, 2013 April 8, 2013 PATRIZIA Immobilien AG PATRIZIA Headquarters | Fuggerstraße 26 | 86150 Augsburg | T +49/8 21/5 09 10-0 00 | F +49/8 21/5 09 10-9 99 | [email protected] | www.patrizia.ag

  2. Slide 2: Executive Summary (1)

    Executive Summary (1)  BayernLB has decided to accept the offer by a PATRIZIA-led investor consortium to acquire GBW AG  This marks the end of a competitive, international bidding process as a consequence of an EU-ruling requiring BayernLB to sell its shares in its residential real estate company

  3. Slide 3: Executive Summary (2)

    Executive Summary (2)  Acquisition of 96.52% of all shares on day one  Thereof 91.93% from BayernLB, 1.62% from DKB and 2.97% from a private investor  Closing of the transaction remains subject to approval by the German Cartel Office (‘Bundeskartellamt’)  Closing expected shortly after GBW AG’s

  4. Slide 4: PATRIZIA's declared strategy is to become one of the leading Real Estate Investment Managers

    PATRIZIA’s declared strategy is to become one of the leading Real Estate Investment Managers in Europe GBW AG – A PERFECT FIT FOR PATRIZIA’S STRATEGY  Major increase in Assets under Management (AuM) to EUR 10bn  Substantial increase in recurring management fee income for the lifetime of the invest

  5. Slide 5: The Role of PATRIZIA (1)

    The Role of PATRIZIA (1) ROLE OF PATRIZIA TO DATE  PATRIZIA raised more than EUR 1.1bn of equity from German and international institutional investors over the last 9 months  Investor group consists of 27 blue-chip European and German pension funds, insurance companies and savings banks  9 out of

  6. Slide 6: The Role of PATRIZIA (2)

    The Role of PATRIZIA (2) GOING FORWARD  Representing investors on the Supervisory Board  Defining and implementing business plan  Monitoring business plan and establishing state-of-the-art reporting system  The business plan consists of:  bringing rents to market level  state-of-the-art asset

  7. Slide 7: Financial Aspects

    Financial Aspects PATRIZIA WILL GENERATE SUBSTANTIAL FEE INCOME FROM THIS TRANSACTION  PATRIZIA’s Assets under Management (AuM) will increase from EUR 7.5bn to EUR 10bn  Hence, PATRIZIA has achieved its 2015E strategic target AuM of EUR 10.0bn way ahead of schedule  PATRIZIA will contribute capit

  8. Slide 8: The Attractiveness of GBW AG

    The Attractiveness of GBW AG GBW‘S HOUSING STOCK IS AMONG THE BEST RESIDENTIAL PORTFOLIOS IN GERMANY  Approx. 32,000 residential units  Good tenant structure  Low vacancy rate of 1.5% (residential) as of December 31, 2012  Low fluctuation rate (9.4% for 2012)  All residential units are located

  9. Slide 9: All of GBW's residential units are located in Bavaria

    All of GBW‘s residential units are located in Bavaria FOCUS ON BAVARIA  100% of GBW‘s residential units are located in the federal state of Bavaria, one of Germany‘s most attractive residential markets  C. 25% of residential units located in Munich, c. 33% in Greater Munich Area  C. 49% of the po

  10. Slide 10: Residential Market Bavaria (1)

    Residential Market Bavaria (1) VACANCY RATES % (MULTI FAMILY HOUSING) SHARE OF MULTI FAMILY HOUSING SALES IN GERMANY % 25% HH (primary) (Erstverkäufe) BY BE BW 20% HE SH of portfolio sales BE 15% Federal state Portfolioverkäufe HB RP 10% HE NW SN NI SH NI BY SL Share 5% HH BW TH MV Anteil HB TH BB S

  11. Slide 11: Residential Market Bavaria (2)

    Residential Market Bavaria (2) NUMBER OF HOUSING COMPLETIONS IN BAVARIA DEMOGRAPHIC DEVELOPMENT IN BAVARIA 70.000 13.000.000 6.500 60.000 6.250 50.000 12.000.000 6.000 40.000 5.750 30.000 11.000.000 5.500 20.000 5.250 10.000 0 10.000.000 5.000 2000 2002 2004 2006 2008 2010 2000 2005 2010 2015 2020 2

  12. Slide 12: Social Charter

    Social Charter BINDING SOCIAL CHARTER FOR NEXT 5 YEARS – COMPLIANCE TO BE CERTIFIED BY ACCOUNTANTS TENANTS  Rent increase of max. 15% for non-subsidized portfolio over next 3 years  Rent increase of max. 3.0% p.a. plus inflation rate on average over non-subsidized portfolio thereafter  Minimum sp

  13. Slide 13: Contact Details

    Contact Details ARWED FISCHER MARGIT MILLER VERENA SCHOPP DE CFO HEAD OF IR ALVARENGA MANAGER IR PATRIZIA Immobilien AG PATRIZIA Immobilien AG PATRIZIA Immobilien AG PATRIZIA Bürohaus PATRIZIA Bürohaus PATRIZIA Bürohaus Fuggerstraße 26 Fuggerstraße 26 Fuggerstraße 26 86150 Augsburg 86150 Augsburg 86

  14. Slide 14: Disclaimer

    Disclaimer This publication is purely for general information and not a prospectus. The information contained in this report is based on publicly available sources that we believe to be reliable. We cannot guarantee the correctness or completeness of information. All statements of opinion reflect th

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