Corporate Governance Roadshow

November 2021

Agenda

1.

Vonovia pages 2-6

November 2021

2

History of Vonovia

We Have Built a Responsible European Leader

2018

2020

Climate path for CO2 neutrality by 2050

Late 19th century

Until 1980s

Social housing in not- for-profit regime

The commercialization of Germany's housing market came in the wake of the "Neue Heimat" scandal in the

1980s (bankruptcy of more than 250k union- owned apartments).

~2000 until

2013

Private equity domination

Predominantly Anglo- Saxon private equity funds bought hundreds of thousands of apartments from public and corporate owners.

Push towards more professionalization but also short-term orientation.

2013 until

2018

IPO in 2013

Consolidation phase in

the German

residential market

Profession-

alization of the

business

Proactive Portfolio management: €3bn invested in portfolio modernization.

Acquisition and integration of more than 300k apartments. Disposal of almost 90k mostly non-core apartments. Scalability & industrialization: EBITDA Operations margin of ca. 77% (>15 percentage points since IPO).

Opportunistic expansion into selected European metropolitan areas

While Germany is expected to remain the dominant market in our portfolio also for the foreseeable future we want to build on our knowledge and track record by bringing our strategy and expertise to comparable residential markets outside of Germany.

Vonovia is one of the first real estate companies to commit to a binding climate path for CO2 neutrality by 2050. This will be achieved through a combination of continued modernization investments, fuel switch, and sector coupling to replace fossil fuels with renewable energy in our portfolio - generating, storing, and using green energy locally.

Nov 2021

Corporate Governance Roadshow

3

Europe's Leading Residential Property

Owner and Operator

We are the long-term owner and full-scale operator of Europe's largest listed multifamily housing portfolio with ca. 568k apartments1 for small and medium incomes in metropolitan growth areas.

508k

apartments in 15 urban

growth regions1

Geographic split (by number of units)

4%

7%

Fair Value

€90bn1,2

89%

38k

apartments in

Stockholm, Gothenburg,

and Malmö

2.6% stake in portfolio with 27k apartments Focus: Randstad (greater Amsterdam)

22k

apartments

mainly in Vienna

Germany Sweden Austria

The small stakes we own in the Dutch and in the French portfolios are less of a financial investment and more R&D to gain an even better understanding of the markets.

1 Incl. ca. 15k units to be sold to the City of Berlin. 2 Fair value of the developed land excluding €5,854.1m, of which €652.3m for undeveloped land and inheritable building rights granted, €833.6m for assets under construction, €923.8m for development, €1,261.0 for nursing portfolio, €396.8m IFRS effect and €1,786.6m other.

10% stake in portfolio with 4k apartments

Focus: Île de France (greater Paris)

Nov 2021

Corporate Governance Roadshow

4

Serving a Fundamental Need in a Highly Relevant Market

Our Business Is Deeply Rooted in ESG

All of our actions have more than just an economic dimension and require adequate stakeholder reconciliation.

  • We provide a home to more than 1 million people from ca. 150 nations.
  • CO2 emissions related to housing are one of the largest sources of greenhouse gas emissions.
  • As a listed, blue-chip company we are rightfully held to a high standard.

Commitment to

E

S

Responsibility

climate protection

G

for customers, society

and CO2 reduction

and employees

Reliable and transparent

corporate governance

built on trust

Nov 2021

Corporate Governance Roadshow

5

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Vonovia SE published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 11:40:02 UTC.