Deutsche EuroShop | Company Presentation | 05/25

DESAG 317 views 41 slides May 07, 2025
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About This Presentation

Deutsche EuroShop | Company Presentation | 05/25


Slide Content

Update on Business Activities FY 2024 - Summary

Business Development
Positive development of operational business,
results above full-year forecast
Increase of footfall (+0.6%) and retail sales (+2.5%)
Revenue €271.4 m (-0.7%), EBIT €216.3 m (+1.7%),
FFO €157.1 m/(-8.3%)
Stable property valuation at €4.1 bn
Increase of occupancy rate to 95.4% (+2.4%-points) due to

investment projects completed on time and on budget
A10 Center
Rhein-Neckar-Zentrum
Stadt-Galerie Hameln
City-Galerie Wolfsburg
Main-Taunus-Zentrum (Food Garden)

cena PRESENTAN MAY 205 <<
Update on Business Activi D=S

Deutsche Eureshop

Financing and Liquidity

+i

jend proposal of €1.00 per share for FY 2024

= LTV of 39.2% and solid cash position of €212.4 m
(after €346.6 m dividend payments in 2024)

= Steady funding situation with long-term financing partners

= Refinancing for 2025 completed, no loan maturities
before June 2026

» Share buyback program completed:

From 21 December 2023 to 13 December 2024
- 720,465 shares acquired
- €20.82 average price

- €15.0 m purchased volume

CIMA PRESENTATION MAY 2025

Positive Development of Retail Turnover’ and Footfall =r

=~

Deutsche Eureshop

50,000 1.000
CAGR +4.8%
40,000 800
30.000 CAGR+3.2% 600
20,000 400
21g daily footfall per center retail turnover per quarter in Em
10.000 200
240%

same quarter of
the previous year:
1

Compared to the 7

I I ua on FT
= 16% om 19% m 19%
- | = A A A - ana

le a

Y Source: ECE | the 3

10 ne DES porto (nel international enters) | nomina sales development. nt ated for inflation lin € wth exchange

aura PESENTANIN] 026 =c
Insight into Retail Turnover 2024' =

Deutsche Eureshop

ES 55
Food/Supermarkets/Discounter +23 83 122 98
Fashion Textiles +23 14.6 29.7 44.6
Shoes & Leather Goods +35 16.0 37 42
Sports -0.2 140 48 66
Health & Beauty +61 9.0 165 90
General Retail (incl. Department Stores) +26 141 97 114
Electronics -0.5 4.5 13.4 75
Services +16 84 44 21
Food C 04 7 9 49
TOTAL +23 13 100* 100°
Germany | Abroad Total
> Retail turnover development on alike-for-like basis: +2.3% 10% +1.6%
> Absolute retail turnover development: +3.3% ¿225%

1 German centers on a ik-fr-ike basis estimated turnover 2024: €1.9billon 12 The sum may nt equal ie total due o rounding aan

CIP PRESENTATION MAY 2025

Vision - Omnichannel-Platform DES

Deutsche Eureshop

Digitalization as key to integration of retail platforms

Customers

hdd Ak Ak hdd hd

| y
Marketing channels Marat Online shop
places tenant

Website, apps and

Mall visit newsletter

Google @atagam.
idealo facebook

Pick up in mall Delivery from malt

Center

comPa PRESENTATION MAY 2025

European Portfolio with Focus on Germany D=S

Deutsche Eureshop

5 Nordrstedt

879 Hamburg

Wolsbur y,
Hameln 17

wagdeburg

© Dessau

Wuppertal 14 15 Kassel
11 Wetter
O

Neunkirenen 18 )Vernbeimt

comPa PRESENTATION MAY 2025

Maturity Distribution of Rental Contracts’

Long-term contracts base
rental income

Weighted maturity
2023

4.7 years
4.7 years

95.42%

93.

D=S
Deutsche Eureshop
2025
2030 onwards 5” 26
15%
2027
12%
10% 2028
18%
2029

1% of renal income a at 31 December 20241 2 Occupancy role based on leasable space, EPRA occupancy ra based on market rent stands a 933%

ComPa PRESENTATION MAY 2025

Tenant Structure - Low Dependence on Top Tenants

20241 2023
Ham 27% 26%
Deichmann 2.4% 2.3%
New Yorker 24% 23%
P&C Düsseldorf 2.2% 2.2%
Ceconomy 2.2% 2.2%
C&A 2.1% 2.2%
Douglas 1.9% 1.8%
TK Maxx 1.7% 1.7%
Thalia 1.6% 1.6%
dm-drogerie markt 1.6% 1.5%
Total 20.8% 20.4%

in of toa eta rent a 931 December 2024

Deutsche Eureshop

Low level of dependence on the Top 10 Tenants'

21%

Top 10 Tenants

CIMA PRESENTATION MAY 2025

Sector Mix! - Balanced Sector Diversification

A
Balanced sector
diversification
= -

1 As of rental space as at 31 December 2024

Food & supermarkets

10.8%
Non-food/electronics
19.1%
Fashion
47.6%

D=S

Deutsche Eureshop

Health & beauty
76%
Catering
5.2% Drug stores &
hypermarkets
4.2%

Leisure &
entertainment
3.5%
Services
2.0%

ComPa PRESENTATION MAY 2025

Rhein-Neckar-Zentrum: Retailtainment & Casual

» L'Osteria, pizza and pasta in a modern, free-
standing restaurant building with attractive
outdoor terraces (opened in 02/24)

» Three new tenants moved into the property of
a former DIY store:

B.0.C. a specialist bicycle retailer
(opened in 04/24)

JUMP House, an adventure concept
(opened in 09/24)

Gate99, a dark light minigolf and escape

room experience (opening soon)

Source: ECE

comPa PRESENTATION MAY 2025

Stadt-Galerie Hameln: New Major Tenants D=S

Deutsche Eureshop

Action (non-food discount store) and
Netto (supermarket) opened in 10/24

on the site of the former Real hypermarket

Source: ECE

CIMA PRESENTATION MAY 2025

A10 Center: New Major Tenants D=S

Deutsche Eureshop

= TK Maxx (clothing and homeware, opened in 09/24) and
Media Markt (consumer electronics, opened in 10/24)

as complementary neighbours for the successful Kaufland

CIP PRESENTATION MAY 2025

Main-Taunus-Zentrum: Food Garden

Picture: ECE

D=S

Deutsche Eureshop

Major investment in the DES portfolio

Approx. €28 m total investment for the

strategic advancement of the center
Very high sustainability standards

Completely let, high-quality tenant
structure: Alex, L'Osteria, The Ash

and others

Grand opening on 10 April 2025

comPa PRESENTATION MAY 2025

Valuation’ - Investment Properties 31 December 2024

Ine mund 31.12.2024 31.12.2023 CHANGE
Revaluation -25,923 -229,365 203,442
Revaluation at-equity 8,231 -3,426 11,657
Profit from disposal 606 0 606
Minority interest 2,447 23,664 21,217
‘Valuation result before taxes. -14,639 -209,127 194,488
Deferred taxes. 3,520 37,375 -33,855
Valuation result after taxes? 11,119 -171,752 160,633
PERL 661

597

56 55

513 494 493 501

2019 2016 2015 2016 2017 2018 2009

Met operating yield in e

1 External appraiser JL (since 2015) 12 Atiriutable to group shareholders 3 Nominalrate of ent increases using the OCF method during the 10-year measurement peri, including infaton-related ren indexing

ges in the occupancy rate Change of -/+100098

512

545

am 2022

—o—netintit teta inte

am

6.26

En

Deutsche Eureshop

Stable property valuation

Slightly negative valuation result of €-14.6 m
Yields marginally improved, EPRA NIY down from 5.91% to 5.84%
Gradual recovery of the shopping center transaction market

Portfolio value increased by €28.5 m, driven by investments

Sale of extension plot in Gdansk, Poland for €6.9 m, c. 10% above
book value

Sensitivity Analysis

en sis Changeot-25bps Change of+2Sbps
Rent increase rates? 1.52% -113,6 +122,3
Cost ratio 11.96% +40,54 -42,9
Discount rate 7.05% +67,6 -70,7
Capitalization rate 5.75% +103,8 -97,3

cua PRESENTAN MA 2025,
Revenues — Impacted by Temporary Vacancies due to Investment Measures „DES,
I Euroshop

» Revenues decreased by €1.9 m to €271.4m

Revenues
in € million 2733 271.4 = Essentially due to temporary vacancies as a result of
investment measures as well as lower settlement payments.
Turnover rents increased compared to the prior year
-0.7% 2024 2023
3033, 2026 Share of revenue Share of revenue
Abroad Abroad
21% 20%!
16% on
Domestic Domestic
79% 80%!
wo (65%)

Y Look trough’ (alelated on te basis ol he group share) 2 Consliated

cena PRESENTAN MAY 205 <<
EBIT - Increase Resulting from Declining Operating Costs =~

Deutsche Eureshop

EBIT + EBIT above the previous year +1.7% (€+3.6m)
in € million = Largely due to the rise in net operating income (NOI) related to
212.7 216.3 declining operating center expenses and an expected year-on-

year decline in revenues

+1.7%
2023 2024
. vom Domain _O11.-S1122028
EDIT bridge 2026 un te maso
in € million
Operating nd adie . .
costs for property or nz
Hloworce ad ur
2127 33 ua 1 nés Ama am ae
so od ern
Or werainginceme von 25205
TN 10189 ans
m kn ee er on eT 716308 22661
a Sa SS

comPa PRESENTATION MAY 2025

Financial Result! - Increased Interest Expenses following Loan Increases ES

Deutsche Eureshop

Financial result! » Financial result decreased: €-7.9 m
in € million 2023 202%, = Interest expenses up by €5.8 m due to further loan increases
and higher interest rates for follow-on loans
= Other financial result decreased by €-1.9 m mainly due to the

© termination of a swap in the course of the refinancing and loan
increase for Allee-Center Hamm

-18.3%
-43.2
511

1 Etousard 01.01.-31.12.2023
Financial result bridge 2024 At-equiy proft/loss 16581 5005
in € million tiene CEE -8231 3.426
Deferred taxes (at-equity) 474 6
At-equity (operating) profitloss. 8,824 8496
Interest expense -49083 43313

Profi/loss attributable
32 | 03 to limited partners en 18518

58 “51.4

E Other financial result (nel. Swaps) 3532 5.492
2023 sue et Ce, 2 2024 nant SE 3001

COMPA PRESENTATION MAY 2025

EBT’ - Below Previous Y

EBT!
in € million
169.5
-2.5%
2023
EBT' bridge 2024
in € million
126
195 ln
2023 Standing Interest Other inaciat.

1 Excluding vatuston

-01

165.2

2024

91

Result com
anellary costs

r due to Increased Interest Expenses

165

202%

D=S

Deutsche Eureshop

= EBT excl. valuation below previous year by -2.5% (E-4.3m) due
to a downturn in the financial result - mainly due to the
increase in interest expenses (€+5.8m) and other financial
expenses (€+1.9m)

= Interest income from short-term bank deposits in line with
prior year at € 5.4m

01.01. ~ 31.12.2023,

int and 01.01. 31.122024
E 216305 212.661
Financial result “51,126 32m
eer 165.181 149.460,

COMPA PRESENTATION MAY 2025

Consolidated Result - Significant Increase from Higher Valuation Result d DES.
tacho EuroShop

Consolidated result Consolidated result increased by €161.8 m

in € million 1235 = Slightly decreased result from operations (EBT €-4.3 m)

= Valuation result (€+194.5 m)
= Higher taxes (€-28.4 m), mainly due to increased deferred taxes

2023 2024 Earnings per share increased from €-0.51 to € 1.62

-38.3
int asa 01.01.-31.122024 01.91.-31.12.2023
eer 165.181 169.460
Valuation result 14699 209.127
Taxes! 27028 1390
Consolidated result 123514 20277
Consolidatedresult per share in € 12 051
stated number of 76.090.428 75,136,922

no-par-value shares issued

COMPA PRESENTATION MAY 2025

Funds From Operations (FFO) - Lower but Above Increased Forecast Range

FFO = FFO decreased from €171.3 m to €157.1 m
in € million due to lower financial result

= Exceeding the increased forecast range of €151 mto €155m

= FFO per share decreased from €2.28 to €2.06

© Funds From Operations

-8.3%
2023 2024

Consolidated profit
Valuation investment properties’

Result from changes in the scope of
consolidation?

Deferred taxes!
- Fro
Funds From Operations (FFO) ae
are used to finance the distribution of dividends, scheduled repayments on Piece D
our long-term bank loans and ongoing investments in portfolio properties.

including the share atirbutale to equity accounted pint ventures and associates 12 Including acquisition cost after consideration of taxes

01.01. 31.12.2026

123,514

14639
o

18913
157,066

1.62
019

0.00

025
206

76,090,428

ES

Deutsche Eureshop

01.01. 31.12.2023

38,277
209,127
7258
6769
171,339

-051
278

010

009
228

75136922

COMPA PRESENTATION MAY 2025

Balance Sheet — Solid and Robust Structure

Balance sheet structure

in € million
4,460.2 43644 43644 4,460.2
- - K \ S S
2023 2024 2024 2023

mon -eurrent assets Current bites
anon: current bites

‘Equity nel. non controling interest)

Current assets

Assets Liabilities

including tient
andinestments account

Fusing the equiy method) 3 Ratio of net financial Lab

retin equity | 2 Ratio of net financial able (nancial abit Les cash and cash equivalents) to nor-curent a
Lo Long ler asset, calculated onthe base of

Deutsche Euroshop
+ Equity ratio slightly decreased to 49.2%!

+ LTV at 39.2%? (EPRA LTV ("look through”) 41.1%)

= Group liquidity: €212.4 m

Balance sheet as at 31 December 2024

seers 3LIZ2O2 31.12.2023, change
Non-curent assets Tia dons 20406
Cash and cash equivalents 712438 236071 nan
Oter current assets 31610 32173 se
Tota assets 4364405 460.197 95.792
Ey 1.884540 2.119467 235327
Non-ontroling interests oflímited partners 261,156 259300 1776
Equity (including minority interest) 2.145.696 2.370.067 ana
Finoncilabitties 1808374 17200 130774
Ostered taxes 350887 201918 10969
Other tiabiities sous 71432 712186
Tota equity and ables 1.366.405 4.460.197 95.792
Equity ratio in 19.2% 53.3%

UVratioin #? 39.2% 33.2%

EPRALTV ratio in ar 340%

I investment properties

COMPA PRESENTATION MAY 2025

Net Tangible Assets (EPRA) - Decrease Following Dividend Payments =S

Deutsche Eureshop

EPRA NTA = EPRANTA per share decreased due to dividend payments
in € million (per share in €) to €29.02 (-8.1%)

* Share price discount to NTA: 31% (26 March 2025)

-8,1%

2,309.7 23744 2,335.9 24164 21980 FPRAMTA 31.12.2024 31.12.2023

Equity 1,884,540 2688 2119667 27.72
Derivative financial instruments
measured at fair value" 3128 00% 6427 0.08
Equity excluding derivative
financial instruments 1,887,668 2692 2126094 2780
Deferred taxes on investment properties

3738€ 3040 378€ 31586 and derivative financial instruments" 362,055 478 340062 4.45
Intangible assets Er 000 -23 0.00

2020 2021 2022 2023 2024 Goodwill as a result of deferred taxes 51,719. -068 -51,719 -0.67
EPRANTA 2197992 2902 2,414,394 3158

618 61.8 618 765 757 Weighted number of mad Tissot

Number of shares as at the Reporting Date (in m) neces ele mares Bei

COMPA PRESENTATION MAY 2025

Financing Structu

Key credit metrics

ES
Do rea

Loan maturity profile

Total debt Average interest rate || Weighted maturity caco. [0%] Cox] Cure] [ex] [ex] Or] [17%] Cox] [2x] [25-100
€1,808m 2.76% 5.5 years 5.0%
uv Net debt/EBITDA EBITDA/interest Pe
39.2% 7.4x hax
3.0%
= Long-term diversified financing structure at low average
interest costs 2.0%
= Strong and sustainable investment-grade credit metrics x is
= Steady funding situation with 20 long-term financing partners y 7
= Refinancings only from 2026 onwards 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034
Total amount —Average interest rate
Development of the annual average interest rate
CERN ET NT NT %
ee ee ee
E 216 27 21 2 200 2 2x A A

1 A8 9131 December 2024

COMPA PRESENTATION MAY 2025

=5
Forecast D=S
Deutsche EuroShop
REVENUE EBT EXCL. VALUATION FFO
Em Em Em
268-276 169.5 1713
2733 2714 E 2 150-158 150 1571 145-153
2023 2024 2025 2023 2024 2025 2023 2024 2025
EBIT NUMBER OF SHARES? FFO PER SHARE
Em mn €
212.7 216.3 209.2217, 751 zer 75.7 | 2.06 1.91 - 2.02
2023 2024 2025 2023 2024 205 2023 2024 2025

1 0ne-of effect on other operating income in the amount of around € 15 million or €0.20 per share (exc. taxes | 2 Avg. numbers, 2024 incl. 373,891 treasury shares, 2025 incl 720,465 treasury shares. Las

CIP PRESENTATION MAY 2025

Share performance and dividend track record

Deutsche Eureshop

Dividend per share’
— NTA (NAV) per share

— Share price?

5.00 ee 45
40.46

4.50 7
4.00

35
a0) 29.02
3.00 =
250 25

20.05¢

2.00 20
1.50 5
1.00
0.50 10

1.05 110 110 1.20 1.25 130 135 140 145 1.50 0.00 0.04 1.00 445? 260 1.005
0.00 5
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

1 Respecbvly paid forthe previous FY122024:Asof 30 December 20241 3€250 paid on 1 September 2023 and 1.95 paid on 1 January 20241

‘compan PRESENTATION! MAY 2025

Shareholder Structure’
Deutsche EureShop
Other
Hercules BidCo 20%
764%
Germany
98.0%
Institutional
Investors
3.0%
Private
Investors Treasury
13.1% Maren Otto Shares
6.6% 0.9%

As ofS May 2025,

COMPA PRESENTARON MAY 2025

S

D =
Deutsche Eureshop

Analysts‘ Consensus!

in€

mnegative

Revenue (€ m)
EBIT (€ m)

2167

215.0

neutral

mpositive

602 08.02

EEES

(2 0602 0602060
1 1e 18 18

32

1.99

1.98

FFO per share

NTA per share
Dividend

1.05

21.18

Price target (mean)

9

©

Sell

Outperform

Neutral

Underperform

+ Bank of America

+ Baader Bank

+ Berenberg Bank
= Kepler Cheuvreux
= MM. Warburg

Y Aggregated by DES, median vales, status: 2 May 2025. analysts

CIP PRESENTATION MAY 2025

Key Data of the Share

Listed since
Nominal capital

Outstanding shares

Class of shares

Number of treasury shares (26 March 2025)
Dividend for 2024 (proposal)

52W High

S2WLow

Share price (26 March 2025)

Market capitalization

‘Avg. turnover per day Last 12 months (XETRA)
Indices

Official market
OTC market

ISIN
Ticker
Market maker

D=S

Deutsche Eureshop

02.01.2001
€76,464,319.00
76460319
Registered shares
720465

€1.00

2745

1778

€20.15

€1.54 billion
19,715 shares

SDAX, CDAX, EPRA, HASPAX, Prime All Share
Index, Classic All Share Index

Prime Standard Frankfurt and XETRA

Berlin, Dusseldorf, Hamburg, Hanover,
Munich and Stuttgart

DE 000 748 020 4
DEQ, Reuters: DEQGn.DE
Baader Bank

CIP PRESENTATION MAY 2025

Consolidated Income Statement 2024 D=S

Deutsche Eureshop

€ thousand 01.-3 01.01.-31.12.2023
Revenue 271,403 273304

Property operating costs 31.350 34,808

Property management costs 14,902 14,734

Write-downs and disposals of financial assets 731 8.858

Net operating income (NOI) 217,420 214,904

Other operating income 207% 35335

Other operating expenses 0189 37578

EBIT 216,305 212,61

Share in the profi or loss of associates and joint

ventures accounted for using the equity method 16581 5005

Interest expense 49.083 43313

Profit / loss attributable to limited partners 14397 13876

“Other financial expense 1,876 0

Interest income 5408 5492

Financial gains/losses 43,367 46.692

Measurement gains/losses 22,870 205,701

EBT 150,068 39.732 | $ AM
Taxes on income and earnings 26,554 1455 ANT
Consolidated profit 123,514 -38.277

Earnings per share (€) 1.62 051

"Income and expenses from the change in Ihe scope of consolidation were reported in the interim es
under other operating income and expenses. Furthermore, indewation from 31 December 2023, no
year-end figures taking deterred taxes into account

1 0530 September 2023 in mea

ment gains /loses- in contrast o 31 December 2023, nen they were reported

CIMA PRESENTATION MAY 2025

Consolidated Balance Sheet 2024

€ thousand

Non-
current
assets

Current
assets

Intangible assets
Property, plant and equipment
Investment properties

Investments accounted for
Using the equity method

Total Non-current assets
Trade receivables

Other current assets
Cash and cash equivalents

Total Current assets

51,731
371
3,966,721
101,534

4,120,357
14,711
16.899

212.438
244,048

4,364,405

31.12.2023

51,742
449
3.947.021
92,741

4,091,953
13,419
18,754

336,071
368,244

4,460,197

€ thousand

Equity and
reserves.

Non-current
liabilities

Current
liabilities

Subscribed capital
Capital reserves
Retained earnings
‘Treasury shares

Total equity

Financial liabilities
Deferred tax liabilities
Liabilities from limited

partner contributions of
non-controlling interests

Other liabilities
Total Non-current lial
Financial liabilities
Trade payables

Tax liabilities

Other provisions
Other liabilities
Total Current liabilities:

76,464
793,943
1,014,853
-720
1,884,540
1,795,909
350,887

261,156
4,715
2,412,667
12,465
7,349
16,876
12,669
17,839
67,198

4,364,405

D=S

Deutsche Eureshop

31.12.2023

76.464
793,943
1,249,269
9
2,119,667
1,665,679
331,918

259,380

7.126
2,264,103
11.921
10,635
19.891
14,459
19,521
76427

4,460,197

CIP PRESENTATION MAY 2025

Our Partner ECE, D=S

Deutsche Eureshop

ECE Group develops, plans, builds, leases and manages real
estate in the sectors shopping, office, hotel, residential and
industries since 1965

Originally ECE was an abbreviation for the German word
Einkaufscenterentwicklung (Shopping center development)

100% privately owned by the Otto family
Assets under management

— Approx. 200 shopping centers

- €33.3 billion market value

- 7.0 million sqm overall sales area

— Approx. 20,000 retail businesses

— 4.0 million daily visitors

Active in 13 countries

~ Austria, China, Czech Republic, Denmark, Germany,
Hungary, Italy, Poland, Qatar, Slovakia, Spain, Turkey
and United Kingdom

COMPA PRESENTATION MAY 2025

Environmental, Social & Governance D=S

Deutsche Eureshop

Reduction of CO, Emission and Electricity Consumption

Climate protection is a top priority for Deutsche EuroShop umber of cantara included

Tota etetricty consumption in mu
We firmly believe that sustainability and profitability are not mutually

00, reduction int
exclusive. Neither are shopping experience and environmental
awareness. Long-term thinking is part of our strategy, and that includes
a commitment to environmental protection

Deutsche EuroShop also supports a diverse range of local

and regional activities that take place in our shopping centers

in the areas of the environment, society and the economy

‘The following institutions regularly analyse Deutsche EuroShop with

regard to its ESG factors:
© EthiFinance

> ISSESG

© S&P Global Corporate Sustainability Assessment

© Sustainalytics

2008 2010 2012 2014 2016 2018 2020 2022 2024

COMPA PRESENTATION MAY 2025

Environmental, Social & Governance

Deutsche Eureshop

DGNB Sustainability certificates
The German Sustainable Building Council (DGNB) has
awarded sustainability certificates to all 21 Deutsche
EuroShop shopping centers, 20 in Gold and 1 in Platinum.

TÚV Sid has certified the electricity used in Deutsche
EuroShop's German centers with the prestigious co

poca ON teins

“Okostrom” green electricity label

2024 saw Deutsche EuroShop awarded the EPRA sBPR
‘Award in “Gold” by the European Public Real Estate
Association (EPRA) for the eigth time in a row

Source: ECE (photos and visualisation)

ComPa PRESENTATION MAY 2025

Rhein-Neckar-Zentrum: New Photovoltaic Plant =r

Deutsche Eureshop

ER Photovoltaic system has been installed on the roof of the center

© Completed in April 2024
& Investment: €1.1 m

© Output: 770 kilowatt peak (kWp)
fe. Level of self-sufficiency: 21%

En) Electricity costs of around €139 k per year can be saved in future

Source: ECE

CIMA PRESENTATION MAY 2025

Green Finance Framework Published D=S

Deutsche Eureshop

Renewable Energy
» EU Taxonomy activity number 7.6 Installation, maintenance and repair of renewable energy technologies

Green Buildings

* EU Taxonomy activity number 7.1 Construction of new buildings

» EU Taxonomy activity number 7.2 Renovation of existing buildings

" EU Taxonomy activity number 7.3 Installation, maintenance and repair of energy efficient equipment
* EU Taxonomy activity number 7.7 Acquisition and ownership of buildings

Clean Transport

* EU Taxonomy activity number 7.4 Installation, maintenance and repair of charging stations for electric
vehicles in buildings (and parking spaces attached to buildings)

Second Party Opinion (SPO) AS
SAME GOALS 4 * Sustainable Fitch has provided a SPO on Deutsche EuroShop's Green LMA Yes
ai Finance Framework ma

mn m 49 gat SECOND- » Sustainable Fitch Limited assessed transactions under the framework mona
ré hm aye to be aligned with the ICMA Green Bond Principles and the Loan Principles

7 EN wt
Pos Market Association, Loan Syndications and Trading Association, and
& e © naa Bette eon Kan Green Loon Stipes aria LSTA

CIP PRESENTATION MAY 2025

Germany 1/2!

Moines am

num contr
Locos ta “en
— 520% 100%
Late Space sam 124000 121.000
Parking 1500 4.000
Number of Shops? m 200
occupancy Rate? om 0.
Catchment rea 2.1 inhabitants 1.1 minabtants
store 2024 78m 47m
a une mn moi

1 Status: 31 Dec 20241 2 Approximately | As % of easabe space

100%

77.000

500

200

96%

1.4 minhabitants

120m

2002/2019

Rhein-Neckar-
Zentrum

Viernheim/
Mannheim

100%

69.500

3800

mo

95%

1.6 minhabitants

84m

1972/2018

Herold
Center

Norderstedt

100%

54,300

850

140

93%

0.5 minhabitants

92m

1971/2018

Rathaus-
Center

Dessau

100%

52,500

850

90

89%

0.3 m inhabitants

50m

1995/2019

D=S

Deutsche Eureshop

Sh Es

Allee
Center

Magdeburg

100%

51,300

1,300

150

9%

08 m inhabitants

85m

1998/2019

Phoenix
Center

Hamburg

150%
43,400

1400

130

96%

0.5 minhabitants

18m

2004/2020

CIP PRESENTATION MAY 2025

Germany 2/2' D=S

Deutsche Eureshop

mm,
Sonda E

Bilstedt- Saarparke Allee: city cy city: Stadt Stadt-

Center Center Forum Center Galerie Arkaden Point Galerie Galerie
Location Hamburg Neunkirchen, Wetzlar. Hamm Wolfsburg Wuppertal Kassel Passau Hameln
Investment 100% 95.0% 100% 100% 100% 100% 100% 100% 100%
Lettable Space sqm 42500 35.400 34500 34,000 30800 28,700 27,800 27.700 26000
Parking 1.500 1.600 1700 1.300 800 650 20 500 500
Number of Shops? mo ms mo ” 100 80 so 85
Occupancy Rate? sex 95% ou 91% Dr 90% 19% 97% sex
Catchment Area? 08 minhabitants 0.7 minhabitants 0.5 minhabitants O.4minhabitants 05 minhabitants 0.7 minhabitants 0.6 minhabitants 0.8 minhabitants 0.3 minhabtants
Visitors 2024 103m 49m 15m 49m 59m 78m 15m 4m sm
perio! 1969/2019 1989/2020 2005/2020 199272028 2001/2023 2001/2023 2002/2015 2008 2008/2024

last refurbishment

1 Status: 31 Dec 20241 2 Approximately | As % of easabe space

CIP PRESENTATION MAY 2025

Europe’

Location

Investment
Lettable Space sam
Parking

Number of Shops?
Occupancy Rate?
Catchment Area?
Visitors 2024

Opening
last refurbishment

Olympia

Brno,
Czech Republic

100%
85,000

4000

200

9%

1.2 minhabitants

82m

1999/2023

193

99%

1.1 minhabitants

70m

2007/2023

1 Status: 31 Dec 20241 2 Approximately | As % of easabe space

Klagenfurt,
Austria

50.0%
36,900

880

120

om

0.4 minhabitants

49m

2008

Árkád

Pécs,
Hungary

50.0%
35400

eso

130

99%

0.7 minhabitants

105m

2006

DES

Deutsche Eureshop

Financial Calendar

2025

14.05.
27.06.
14.08.
22.09.
23.09

13.11.

20.11

Quarterly Statement 3M 2025
‘Annual General Meeting, Hamburg

Half-year Financial Report 2025

Berenberg and Goldman Sachs German Corp. Conference, Munich
Baader Investment Conference, Munich

Quarterly Statement 9M 2025

Kepler Cheuvreux Pan-European Real Estate Conference, London

ES

Deutsche Eureshop

¡y

y

CIP PRESENTATION MAY 2025

Contact

Deutsche EuroShop AG
Investor & Public Relations
Heegbarg 36

22391 Hamburg

Tel. +49 (40) 41 35 79 - 20/- 22
Fax +49 (40) 41 3579 - 29

E-Mail: [email protected]
Web: www.deutsche-euroshop.com

nprtnt Notice Forwrd.Locking tement

Sistementein he prsentao eating o future sais or cumstances, lug sttemets regarding management pans and oje o future operation, stes and earings
gues are ear toi stent als rd exactas based on sites assumplns a a aia eects ar evens o iret ad lp ercumsancen aná

any factors col cause te actual rests be mater feront from hse that may ba expressed or imple by such statements Deutsche Eure ha does tien 1 update these

Farma sing statment ad oe not ss any tono ds o
Rounding rte f change

centages aná goes sted in ths report moy be sje to rei eiterence. The rates of change ar std en arm consideran irons ar inate y pls o

D=S

Deutsche Eureshop

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