Hiag Immobilien (HIAG) investor relations material

Strategic focus and business model

• Continues a proven business model with three core segments: portfolio/asset management, site development, and transactions.

• Site development remains the main growth driver, focusing on existing locations with high value creation potential.

• Capital recycling through targeted divestments finances new project investments and supports flexibility.

• Minimum equity ratio set at 50% and maximum net LTV at 45% to ensure financial stability.

• Aims for an average equity return above 6% and a dividend yield above 3.5% based on NAV.

Portfolio and asset management

• Expects rising rental income driven by own developments and acquisitions, with stable key metrics.

• Vacancy rate remains sustainably low due to active management and project completions.

• Proactive re-letting and conversion of indefinite to fixed-term leases maintain high WAULT.

• Net yield improvement through reduced non-recoverable costs and increased triple-net leases.

• Insourcing of property management and energy cost reduction measures further support returns.

Site development and project pipeline

• Completed projects since 2010 generated over CHF 300 million in development gains.

• Ongoing projects expected to deliver substantial profits, with a total pipeline value of CHF 729 million and an average IRR of 13%.

• Focus on sustainable certifications (e.g., SNBS, Minergie, BREEAM) for new developments.

• Anchor tenants and long-term leases enhance site attractiveness and portfolio value.

• Capital recycling from divestments and STWE sales provides liquidity for future growth.