Cham Swiss Properties (CHAM) Investor presentation summary

Company profile and strategy

• Formed from the merger of Ina Invest and Cham Group, with a CHF 1.8 billion portfolio in prime Swiss locations, aiming to double to CHF 3 billion by 2032 and quadruple rental income to over CHF 100 million.

• Maintains a strong balance sheet with a high equity ratio, enabling growth without capital increases.

• Focuses on sustainability, aiming for one of Switzerland’s most sustainable real estate portfolios.

• Pursues ambitious financial targets and a shareholder-friendly dividend policy.

• Managed by an experienced leadership team.

Financial targets and capital structure

• Targets an equity ratio of at least 45% and a loan-to-value ratio not exceeding 50% during development.

• Aims for an average return on equity above 6% per year.

• Dividend policy set at a minimum of 2% of net asset value.

• Strong financial flexibility with no need for capital increases to realize the development pipeline.

Portfolio and development pipeline

• Portfolio consists of newly built or comprehensively renovated properties in Switzerland’s top economic regions.

• Approximately 25 development projects planned to double portfolio value and quadruple rental income by 2032.

• High share of residential properties and broad regional diversification.

• Major projects include Kesselhaus and Phase 3 in Cham, Rue du Valais in Geneva, Schaffhauserstrasse in Zurich, Bredella West in Pratteln, and Rocket & Tigerli in Winterthur.

• Full development pipeline extends through 2032, with construction starts dependent on permits and pre-letting rates.