Cham Swiss Properties (CHAM) Investor presentation summary

Strategic overview and growth potential

• Formed from the merger of Ina Invest and Cham Group, creating a top 10 Swiss real estate company with a CHF 1.7 billion portfolio in prime locations, aiming to double to CHF 3 billion by 2032 and quadruple rental income to over CHF 100 million.

• Growth will be achieved through development projects without the need for capital increases, supported by a strong balance sheet and high equity ratio.

• Focus on sustainability as a competitive advantage, aiming to maintain one of Switzerland’s most sustainable portfolios.

• Ambitious financial goals and a shareholder-friendly dividend policy are pursued.

• Managed by an experienced team with a strong track record.

Portfolio highlights and development pipeline

• Portfolio includes high-quality, newly built or renovated properties in Switzerland’s strongest economic regions: Basel, Geneva, Lausanne, Zurich, Baar, and Cham.

• Major developments: Papieri site (CHF 40 million target rental income), Pavatex site (approx. 300 apartments, school, affordable and retirement housing), Bredella site (CHF 40 million target rental income), and Lokstadt site (urban district with residential, commercial, and heritage buildings).

• Additional projects in Zurich, Arlesheim, Geneva, Allschwil, and Baar, with a full development pipeline through 2032.

• By 2032, the portfolio will have a 60% residential share, ensuring stable rental income and low volatility.

• Target rental income expected to exceed CHF 100 million by 2032, with a balanced regional and use mix.

Financial performance and structure

• H1 2025 rental income: CHF 9.1 million; income from sale of promotional properties: CHF 114.9 million; consolidated profit: CHF 144 million; earnings per share: CHF 3.73.

• June 30, 2025: total assets CHF 1.72 billion, equity ratio 61.1%, NAV per share CHF 21.48, LTV 29.2%.

• Portfolio valuation as of June 30, 2025: CHF 1.67 billion, with a net positive market value change of CHF 103 million.

• Financing structure includes CHF 486 million in debt, 1.17% interest rate, and a target bond/secured loan ratio of 2/3 to 1/3 by 2032, with LTV always below 45% and equity ratio above 45%.