Cemat (CEMAT) Investor presentation summary

Strategic platform and business model

• Urban land platform in Warsaw supports recurring asset management, residential development, and self-storage income streams.

• Over 153,600 sqm of residential/service area and 31,480 sqm of gross leasable area.

• 393 tenants and 232 apartments in approved next phases as of June 2026.

• Self-storage operations launched in 2023, with expansion to a new facility planned for 2027.

Financial performance and outlook

• H1 2026 revenue reached DKK 36.1m, up 86% year-on-year; EBITDA at DKK 4.7m, up 81%.

• Net rental income for H1 2026 was DKK 11.5m; equity ratio at 75% with no net debt.

• 2026 EBITDA guidance raised to DKK 16.5–17.2m after retail milestone.

• Five-year financial history shows significant growth from development delivery, with FY2025 net result at DKK 65.9m.

Project execution and development pipeline

• Moje Bielany 1 completed with 103 out of 105 apartments sold and retail fully let; expected total sales value DKK 173m.

• Next phases include Moje Bielany 2 (105 apartments) and Moje Bielany 3 (127 apartments + 3 retail units), with construction starts planned from Q4 2026.

• New self-storage facility of up to 3,100 sqm targeted for completion in 2027.

• Three development projects expected to generate DKK 90–100m profit.