Immobiliare Grande Distribuzione SIIQ (IGD) Investor presentation summary

Strategic positioning and business overview

• Leading developer and manager of retail assets in Italy, focusing on sustainable, long-term value creation and third-party portfolio management.

• Total portfolio market value reached €1.8 billion in FY25, with the Italy core portfolio at €1.6 billion and a financial occupancy rate of 96.06%.

• Malls represent 81.1% of the fully owned portfolio, with hypermarkets, Romania, and development assets making up the remainder.

Financial performance and key metrics

• Core portfolio value increased by 1.8% to €1,565.1 million, driven by organic growth.

• Net rental income for core business grew 4.0% like-for-like, and EBITDA rose 3.0% like-for-like in FY25.

• Funds From Operations (FFO) reached €41.2 million, exceeding guidance, with a target of at least €45 million for 2026.

• Group net profit rebounded to €32.0 million from a €30.1 million loss in 2024.

Portfolio management and operational highlights

• 2025 marked a return to dividends (€0.10 per share) and the launch of a new disposal strategy in Romania, selling five assets for €21.8 million.

• Tenant sales in Italian malls increased by 1.6%, with footfalls up 3.5% and occupancy rates consistently above 96%.

• Significant new openings included major brands such as IKEA, Sephora, Mango, and JD, enhancing the portfolio's attractiveness.

• Digitalization advanced with loyalty apps in 12 centers and the IGD Connect platform active in 28 centers, tripling app users year-over-year.