1H 2020 results presentation

• 80% (last week 85%) of footfalls recovered; retailers’ sales -13.6% in June vs 2019
• 70% of the tenant negotiations finalized in Italy; 98% in Romania. Payment deferrals and discounts foreseen, the effect of which will be recognized entirely in the current year (without any carry over to subsequent years)
• More than satisfactory results for the turnover collected (net of deferrals) in the first half: c. 87%
• Net rental income: €56.3 million (-17.9%), including the estimated one-off impact of Covid-19 on the first half
• FFO: €32.9 million (-21.4%), which also includes the estimated one-off impact of Covid-19 on the first half
• Cash on hand at the end of the reporting period of roughly €103 million, committed credit lines of €60 million and uncommitted lines of €160 million
• New EPRA performance indicators: NAV and NRV at €10.81 per share (-5.1%); NTA at €10.70 per share (-5.2%); NDV at €11.35 per share (+5.0%)
• New guidance for FFO 2020: -25%/-28% vs 2019 or around €0.54 /€0.57 per share (includes the estimated one-off impact of Covid-19 on the current year, without any further impact in subsequent years)

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