MLP Group (MLG) Investor presentation summary

Business overview and strategy

• Operates a vertically integrated logistics platform focused on Class A, multi-tenant warehouse and industrial properties in Poland, Germany, Austria, and Romania.

• Portfolio consists of modern, generic, multi-tenant assets with an average unit size of 7,000 sqm and no build-to-suit projects.

• Over 60% of the portfolio by GLA developed in the past 5 years; 85% of assets are less than 10 years old, with an average building age of 6.6 years.

• Strategic land bank of 2.4 million sqm and managed GLA of 1.6 million sqm as of September 2025.

• Focuses on core urban areas, prioritizing expansion in Germany and Poland, with ongoing projects in Austria and Romania.

Operational and financial performance

• Achieved 12% revenue growth in Q3 2025 YTD, with 9M 2025 revenues at €72.5m and EBITDA margin of 51%.

• Run-rate adjusted EBITDA reached €65.8m as of LTM Q3 2025, with occupancy rates around 91–95%.

• Maintains a 99% rent collection rate, 99% tenant retention, and a long WAULT of 7.8 years.

• Net LTV at 45%, weighted average cost of debt at 5.0%, and weighted average debt maturity of 4.4 years.

• GAV has grown 4.2x over 7 years, reaching €1.41bn as of September 2025.

Portfolio quality and tenant base

• Blue-chip tenant base with only Dun & Bradstreet 1 or 2 rated tenants; no write-offs and near-zero defaults.

• 100% of lease contracts are EUR-denominated and indexed to inflation.

• Portfolio is highly flexible, future-proof, and located in major urban centers with strong logistics hubs.

• 80% of the portfolio is BREEAM or DGNB certified (Excellent/Very Good or Gold/Platinum).

• City logistics projects targeted to reach 30% of the portfolio by 2028, with Germany expected to represent 33%.