Peach Property Group (PEAN) Corporate Presentation summary

Leadership and governance changes

• Gerald Klinck appointed CEO effective April 2024, bringing significant industry experience.

• New five-member Board of Directors elected, chaired by Michael Zahn.

• Board changes in November 2024 with Urs Meister and Eric Assimakopoulos joining.

Capital structure and liquidity events

• Equity raise of 22,729,450 new shares at CHF 5.00 per share, fully underwritten, raising ~€120m.

• Shareholder approval for the capital increase in September 2024, with shares to be issued in December.

• Portfolio sale of ~5,200 units in opportunistic locations, generating ~€120m in net cash proceeds.

• Proceeds used to repay liabilities and fund capex in the strategic portfolio.

Portfolio strategy and operational focus

• Portfolio sale reduces non-strategic assets by ~1,500 units, sharpening focus on core regions, especially North Rhine-Westphalia.

• Vacancy rate reduced from 6.1% to 5.6% post-transaction, with a target below 4% in the mid-term.

• Planned tenant improvements of ~€275/sqm and targeted ESG investments to enhance energy efficiency and rent potential.

• Like-for-like rental growth historically at 3.5–4.0% p.a., with ~16% upside to market rents.