Sirius Real Estate : Presentation

Sirius Real Estate Ltd

YEAR END RESULTS - 31ST MAR 2021

		Year End Results - 31 Mar 2021	2

Investing In Industrial Business Parks In Germany

Leading owner and operator of business parks, industrial complexes and out-of-town offices in Germany

Year End Results - 31 Mar 2021

3

About Sirius

1

Leading owner and operator

of business parks, out of town offices and industrial complexes in Germany

€1.7bn

of property owned or managed in Germany*

€472.0m current debt

(Net LTV 31.4%)

Fully integrated operating

platform including 275 employees in over 70 locations across Germany

Listed on the main markets

of the LSE and JSE FTSE250

Market capitalization of over

€1.15 bn (£1.0 bn)

Not a REIT

1.5x covered dividend

FTSE EPRA/NAREIT Global Real

Estate Index and FTSE/JSE SA

Listed Property Index

* Including Titanium venture with AXA IM Allts

Year End Results - 31 Mar 2021

4

About Germany

1

Several large	Well diversified economy	The "Mittelstand"
autonomous markets	Machinery, automotive,	The German SME market, over 50% of the
Frankfurt, Berlin, Munich, Hamburg,	Chemical, medical	German economy in terms of both
Dusseldorf, Cologne & Stuttgart	Energy, environmental	employment & output
	Consumer & service

High replacement costs	High levels of investment
German light-industrial buildings are	Germany and German real estate in
constructed to comparatively high	particular is attracting high levels of
standards and replacement costs are often	investment and the liquidity of real estate
up to 200% of the capital value of	in Germany remains strong
secondary stock

Covid-19 - Resilience

• A particularly well functioning public health system
• One of the best diagnostic capabilities in Europe, resulting in higher and faster Covid-19 testing capacity
• A system based on 16 federal states resulting in efficiencies in the distribution of national subsidies
• A robust social security system boosting consumer confidence
• Responsible, long-term oriented companies and labour unions
• Vaccination roll out picking up pace and lifting of lockdown measures

Year End Results - 31 Mar 2021

5

Highlights

Profit Before Tax: €163.7m

+47.7% (2020: €110.8m)

19.5%	+9.3%	+10.0%
Total accounting return (7-year average 16.2%)	FFO of €60.9m (2020: €55.7m)	Increase in H2 dividend to 1.98c (2020: 1.80c)

Continued Organic & Acquisitive Growth

+5.2%	+11.5%	€125.8m*
L4L rent roll increase	L4L valuation increase of €135.7m	Assets completed or notarised in the period
Operational Resilience
98.2%	18.5%	13%
Cash collection rate	Increase in year-on-year enquiries	Sales conversion rate (2020: 14%)

* €45.9m of on balance sheet acquisitions and €79.9m acquisition relating to the Titanium venture.