Ascencio : Degroof & Petercam Real Estate Conference - 27/09/2023

2 0 a s

c e n c

I o 2 3

A S C E N C I O

a s c e n c i o i n a

n u t s h e l l

2

A S C E N C I O

Createdin 2006

Listed on Euronext Brussels since 2007

Activein :

• Belgium (SIR)
• France (SIIC)
• Spain (SOCIMI)

4 %

Spain

GEOGRAPHICAL SPREAD

(BASED ON

FAIR VALUE)

54 %

Belgium

42 %

France

Food-anchored & out-of-townretailportfolio

450.000 m2	€300.000 million	€750 million
TOTAL AREA	MARKET	FAIR VALUE OF THE
	CAPITALIZATION	PORTFOLIO

21

TEAM MEMBERS

Others 17,10%

Shoes 3,10%

Sport &
Leisure	COMPLEMENTARY SECTORS
5,70%
	(IN TERMS OF RENTS)
Household
appliances
6,20%
Fashion
8,30%
Furniture - interior Deco		DIY
9,40%			9,70%

Food

40,50%

3

A S C E N C I O

c o n t e x t

4

A S C E N C I O

• RISING INTEREST RATES

• Market impacts
• • Financing cost & available liquidity
  • Pressure on Real Estate valuations (cap rate/stock price)
  • Investment markets
• Impacts on Ascencio
• • Refinancing & liquidity preservation
  • Hedge structure
  • Real Estate valuations under scrutiny
  • Downward pressure on stock price
  • Growth ambitions?

• INFLATORY ENVIRONMENT

• Short term: Positive impact on rental revenues
• Medium term:
• • Affordability of rental levels
  • Competitiveness in supermarkets subsector (low margin activity)

• Importance of tenant / client relationship
• ESG

• Focus on portfolio improvement & internal organization

5

A S C E N C I O