EPIC Suisse (EPIC) CMD 2025 presentation summary

Strategic progress and portfolio development

• Achieved 12.9% rental income growth since 2021, reaching CHF 66.2 million in 2024, with a 4.1% CAGR in rental income and 4.5% net rental income yield as of 2024.

• Portfolio valued at CHF 1.6 billion, diversified across office, retail, logistics/industrial, and developments, with 25 properties and 324,590 m² rentable area.

• Major developments include full letting of Biopôle Serine, near-completion of Campus Leman Building C, and ongoing lease-up of PULSE, targeting CHF 7.5 million rental income.

• Long-term opportunities in the pipeline with potential investments exceeding CHF 380 million, including Nexus Brunnpark and En Molliau.

• Selective, off-market acquisition strategy focused on economic hubs and value-add opportunities.

Financial performance and capital structure

• Total assets reached CHF 1.64 billion in 2024, with equity of CHF 820 million and an equity ratio of 49.9%.

• Net loan to value (LTV) ratio at 40.6%, below the medium-term target of +/- 45%.

• Weighted average interest rate on mortgage-secured loans is 1.3%, with 67% of debt hedged and a weighted average maturity of 3.7 years.

• EBITDA (excl. revaluation) grew at a 2.8% CAGR since 2021, reaching CHF 53.1 million in 2024; profit (excl. revaluation) at CHF 40.6 million.

• Progressive dividend policy with CHF 3.00, CHF 3.10, and CHF 3.15 per share for 2022–2024, paid from capital contribution reserves.

Operational excellence and tenant profile

• WAULT of 8.2 years for the portfolio, with top six tenants averaging over 10 years; 89% of rental income indexed to Swiss CPI.

• Reported vacancy rate declined to 4.2% in 2024, with sector-specific rates for offices, retail, and logistics/industrial.

• Balanced lease expiry profile, with over 57% of leases expiring after 2030.

• Active asset management and tailored property strategies ensure high occupancy and rental income stability.