UBM Q RESULTS. Investor Presentation 22 November 2016

Transcription

1 UBM Q3 206 RESULTS Investor Presentation 22 November 206

2 Q3 206 At a Glance Market environment As good as it gets - real estate remains the beneficiary of economic and political uncertainties 2 On track Cumulated EBT of EUR slightly higher than in the comparable period last year 3 Net debt No significant increase in net debt due to cash sales proceeds offsetting investments in new and ongoing projects in Q3 4 Financing Follow up funding of 20-6 Bond leads to annual interest savings of EUR.m 5 Governance New Executive Committee established (=UBM Group s Top 20) - responsibility shared on more shoulders 6 Capital markets UBM outperforms ATX in Q3 (6.2% vs. 4.3%) 2

3 HIGHLIGHTS Q3 206 Positive Macro Fundamentals Remain Unchanged Q3/6 Key Topics Political uncertainty Increase in sales prices 90 European CRE Investment Turnover (in EURbn) High demand for real estate Low yield environment for investors continues Shrinking supply of quality assets Slowdown in investment volumes 60 Brexit Frankfurt and Berlin as potential beneficiaries Yield Development 2 Q3/4 Q3/5 Q3/6 Western Europe 5.66% 5.9% 4.92% Central Europe 7.40% 7.08% 6.54% Eastern Europe 9.47% 9.7% 9.6% All Countries 6.42% 6.09% 5.76% Quarter Total 2 month rolling Total CRE=Commercial Real Estate; Source: CBRE Investment Quaterly Q3 206; 2 Source: Cushman & Wakefield, Q3 206, all CRE yields aggregated 3

4 2 Profitability On Track in Q3 206 EBT/Revenue comparison in EURm Cumulated EBT on track - with Q3/6 slightly stronger than Q3/5 No fair value adjustments in Q3/ Cumulated 206 Revenue adjusted for Changes in Portfolio and 205/6 Arena Boulevard effect Q3: Q3: Changes in Portfolio of EUR -5.5m reflecting sales of residential assets and sale of HIex Munich, which was accounted for under current assets (IAS 2) due to a sales contract before the start of the project Q2: Q2: Q: Q: m 5 9m 6 EBT Revenue EUR 20.9m Revenue plus EUR 62.9m Changes in the Portfolio (primarily residential) 2 EUR 377.4m Revenue minus EUR 5.5m Changes in the Portfolio (residential and HIex/Holiday Inn Express-Munich) minus EUR 28.7m revenue from sale of Arena Boulevard January 206 4

5 3 Net Debt Sales Proceeds Compensating Investments in EURbn Q3: Q3: Net Debt 3 Dec 5 Sales Proceeds Operating Net Debt I Dividend Interest Tax Net Debt II Investments Other 3 Net Debt CF (net) 2 (net) 30 Sep 6 Net Debt 30 Jun 6 Operating Cash Flow after change in working capital (EUR 3.9m) and before interest/taxes 2 Dividends paid (EUR 6.7m + EUR 0.8m), net of dividends received (EUR.0m) 3 Effect from first time consolidation (EUR 4.4m) minus others (EUR 0.m) and rounding differences (EUR 0.2m) 5

6 3 Big Picture : Focus on Pure Play Not Visible Yet IFRS book values in EURm , Standings Land Bank Hotels 2 Developments Total Fully consolidated as of 30 Sep 206; at equity (% of assets value) 2 240m Portfolio Value Hotels: 43m Developments, 97m Standings Note: Numbers are based on exact million figures and might not add up because of rounding differences 6

7 4 Successful Follow-up Funding of 20-6 Bond Highlights of Follow-Up Funding Group Debt Structure Volume: EUR 50.5m Interest savings of EUR.m p.a. Interest rate: 3.876% (previous 6%) Life: 5 years (repayment 2 Nov 202), due at maturity Average Group Cost of Debt: 3.4% p.a. Bond Maturity Profile: EUR 323.0m (average 4.9% p.a.) Long & Short Term financing: EUR 44.2m (average 2.% p.a.) Private Placement via Schuldscheindarlehen (SSD) and non-listed Bearer Bonds Standard documentation without exit or step-up covenants Debt maturity profile (in EURm) > Hybrid Capital Mezzanine Capital Bonds Long & Short Term Financing As reported in balance sheet (Maturity profile gross debt), data as of 30 Sep 206 for fully consolidated companies; 2 Bond repaid as per 9 Nov 206 7

8 5 Newly Established Executive Committee First step An important step into the direction one goal, one team, one company. The new management team consists of UBM s top 20 managers. Balanced mix The Executive Committee is a balanced mix of operating company management and key central people Shared responsibility Responsibility for UBM in its entirety is going to be shared on more shoulders Acid test Acid test for the new management team is the accelerated sales program Fast Track 207 Groupwide Key management will be more strongly incentivized on group-wide one company goals ExCo comprises managing directors of Münchner Grund (3), Strauss & Partner (2), Polska (3), Bohemia (), Hotels () as well as UBM s Heads of Sales, Legal&Compliance, IR&PR, Controlling, Corporate Finance plus the four Chief Officers 8

9 6 UBM Outperforms ATX in Q3 206 Outperformance of UBM as compared to ATX in Q3/6 (6.2% vs. 4.3%) European equity markets bounce back after recovery from the U.K. referendum vote UBM included in IATX and MSCI Austria Index * UBM vs. Market Induced share price and values, July - September UBM ATX 90 July August September * IATX Immo ATX; MSCI Austria MSCI Global Micro Cap Indexes 9

10 OUTLOOK Outlook Sellers market Real estate boom to continue with low interest rates in the EU to stay 2 Focus on execution Fast Track accelerated sales program initiated, providing for an increase in the number of forward sales and standing assets 3 Net debt Reminder: Investments primarily in ongoing large-scale projects and cash only at hand-over make net debt peak within the next 9 months 4 Corporate Next Level - group wide streamlining program initiated for a start in Capital markets Better synchronizing Executive Committee and capital market interests initiated discussions on incentive models for Top 20 to increase shareholder value 6 Balance We need to strike a balance regarding future profitability and concerns in connection with UBM s risk profile 0

11 BACK UP

12 Key Performance Indicators Key Earnings Figures (in EURm) -9/6-9/5 % Total Output % Revenues % EBITDA % EBIT % EBT % Profit for the Period % Key Assets and Financial Figures (in EURm) % Total assets,229.2, % Equity % Equity ratio 26.9% 27.2% -0.3pp Net Debt % Key Share Data and Staff % Number of shares (no.) 7,742,80 7,742,80 0.0% Earnings per share (in EUR, weighted avg.) % Market capitalization (in EURm) % Staff % Total Output corresponds to the proportionate revenue of fully consolidated companies and those recognised under the equity method as well as share deals in proportion to the stake held by UBM. 2 Figures have been rounded off using the compensated summation method. Percentage figures are calculated on the basis of the exact values. 3 Profit for the period/average number of shares 4 Breakdown: : 37 Core + 4 Hotel; : 329 Core + 34 Hotel 2

13 Consolidated Income Statement in EURm Q-Q3 6 Q-Q3 5 % Revenue 377,404 20, % 307,78 223,566 Changes in the Portfolio -5,508 62,942 n.m. 45,05 7,574 Share of profit/loss of companies under the at equity method 5,200 9,33-73.% 25,322 5,683 Result from FV * adjustments 8,747 8, % 26,566 4,42 Material cost -252,924-86, % -252,720-78,547 Personnel expenses -32,048-28,64 3.8% -37,305-2,523 Other operating income/expense -25,795-36, % -39,504-23,58 EBITDA 39,076 4, % 76,450 38,94 Depreciation/Amortization -2,053-2, % -2,807-2,384 EBIT 37,023 38,65-4.2% 73,643 36,557 Financial result -,76-4,398-8,3% -23,358 -,397 EBT 25,262 24, % 50,285 25,60 Income tax expense -7,78-6, % -2,952-3,74 Profit for the period 7,48 7,76 -.3% 37,333 2,986 Earnings per share % * FV= Fair Value Adjustments according to IAS 40 3

14 Breakdown: Total Output in EURm Total Output by region Q-Q3 6 Q-Q3 5 % Germany ,3 0,6% Austria ,2-8.% Poland % Other % Total % EBT by region Q-Q3 6 Q-Q3 5 % Germany % Austria n.m. Poland % Other % Total % Total Output by asset class Q-Q3 6 Q-Q3 5 % Administration % Hotel % Office % Other % Residential % Service % Total % EBT by asset class Q-Q3 6 Q-Q3 5 % Administration n.m. Hotel % Office % Other n.m. Residential n.m. Service % Total % Figures have been rounded off using the compensated summation method. Percentage figures are calculated on the basis of the exact values. 4

15 REVENUE HIGHLIGHTS Q3 206 Breakdown: Total Output and Revenue Q-Q3/6 in EURm Proceeds from sale of Arena Boulevard with no EBT or cash effect in Q3/ Rentals TOTAL OUTPUT Hotel operations General contracting and project management (Construction services) Proceeds from sale of properties Proportionate view: including at-equity consolidated companies and fully consolidated companies in accordance with UBM s holding 5

16 Cash Flow Statement and Reconciliation Nebt Debt Bridge in EURm Q-Q3 6 Sales Operating CF Dividends Interest Tax Invest- Proceeds incl. WC (net) (net) (Income Tax) ments Other Profit /Loss for the period 7,48 7,48 Depreciation, impairment and reversals of impairment on fixed assets -4,58-4,58 Interest income/expense 0,008 0,008 Income from companies accounted for under the equity method -5,99-5,99 Dividends from companies accounted for under the equity method,09,09 Increase/Decrease in long-term provisions -2,788-2,788 Deferred income tax Operating cash flow 5,32 Increase /Decrease in short-term provisions Increase/Decrease in tax provisions 3,996 3,996 Losses/gains on the disposal of assets Increase /Decrease in inventories 44,28 76,579-5,932-26,366 Increase/Decrease in receivables -6,058-6,058 Increase/ Decrease in payables 25,885 25,885 Interest/received 4,590 4,590 Interest paid -2,744-2,744 Other non-cash transactions Cash flow from operating activities 55,620 Proceeds from the sale of intangible assets 2 2 Proceeds from sale of property, plant and equipment and investment property 20,076 20,076 Proceeds from sale of financial assets 7,3 7,3 Proceeds from settling project financing 4,646 4,646 Proceeds from the disposal of assets held for sale,39,39 Investments in intangible assets Investments in property, plant and equipment and investment property -55,888-55,888 Investments in financial assets -5,275-5,275 Investments in project financing -40,265-40,265 Investments in assets held for sale -7,98-7,98 Proceeds from sale of consolidated companies Proceeds/Payouts from the purchase of subsidiaries less cash and cash equ. acquired Net debt neutral Cash flow from investing activities Dividends -6,725-6,725 Dividends paid out to non-controlling interests Obtaining loans and other financing 20,568 20,568 Redeeming loans and other financing -82,23-82,23 Cash flow from financing activities 0,853 Change to cash and cash equivalents -8,070 Cash and cash equivalents at Jan 93,744 Currency differences Cash and cash equivalents at June 30 85,54 Tax paid 5,490 5,490-5,490 First time consolidation and other non Cash -5,358 Total: Positions Net Debt Bridge 29,823 8,032-6,465-8,54-5, ,992-4,652 6

17 Consolidated Balance Sheet in EURm % Non-current assets 763,868 82,572-6,0% 407,99 Intangible Assets 2,830 2, % 2,745 Property, plant and equipment 38,540 38, % 32,932 Investment Property 505,5 553, % 229,869 Shareholdings in companies (at equity method) 87,498, % 52,66 Project Financing 2,440 88, % 72,494 Other Financial Assets 5,887 5,894-0.% 9,03 Financial Assets 3,469 3, % 29 Deferred Tax Assets 8,089 7,34 0.6% 8,03 Current Assets 465,37 372, % 348,455 Inventories 70,937 25, % 29,457 Trade Receivables 46,970 43,8 8.9% 22,604 Financial Assets 0,66 0,06.5% 29,069 Other receivables and current assets 20,536 9, %,826 Cash and Cash equivalents 85,54 93, % 40,309 Assets held for sale 3,22,39 n.m 25,90 Total Assets,229,239,85, % 756,374 in EURm % Equity 330, , % 80,446 Share capital 22,47 22,47 0.0% 8,000 Capital reserves 98,954 98, % 44,642 Other reserves 22,248 2, % 5,733 Mezzanine/Hybrid Capital 78,907 80,00 -.5% - Non-current liabilities 552,68 534, % 438,667 Provisions 0,260, % 7,832 Bonds 272,448 27, % 222,82 Non current financial liabilities 247, ,89 7.9% 97,337 Other non current financial liabilities 4,278 5, % 2,460 Deferred Taxes 7,727 6, % 8,226 Current liabilities 346,22 38, % 37,26 Provisions,027, % 28 Bonds 50,508 50,472 0.% 48,523 Current financial liabilities 66,288 5, % 0,348 Trade Payables 76,967 55, % 32,97 Other current financial liabilities 39,266 50, % 37,923 Other current liabilities 2,426 3, % 2,343 Tax payables 9,739 5, % 5,799 Total Equity & Liabilities,229,239,85, % 756,374 7

18 Mapping Real Estate In EURm Balance sheet 30 Sep 206 Property on Balance Sheet Property management perspective Assets Non-current assets Property, plant and equipment Investment property Shareholdings in companies accounted for under the equity method Sub-total non-current Current assets Inventories Non-current assets held for sale Sub-total current Total real estate assets ,28.2 Delta of 7.7m consists primarily of technical & other equipment 2 Delta of.2m consists of at equity consolidated companies with no real-estate assets 3 Delta of 4.2m consists predominantly of activated costs for planned real-estate projects 4 Delta of 345.9m is the difference between % of equity and % of total assets of at equity consolidated companies with real-estate holdings 5 Delta of 25.2m consists of down payments which are in aggregation under IFRS 8

19 Asset Class Asset Category Country HIGHLIGHTS Q3 206 Breakdown: Portfolio Book Values (EUR.28 bn) 30% 0% 8% 42% 42% Austria 8% Germany 30% Poland 0% Other Austria and Germany represent 60% of UBM s total property portfolio Poland share increases to 30 % (06/6: 28%) due to the increase of holdings in Poleczki (00%) and Ramba 8% 44% 44% Standings 48% Developments Sales of residential and hotel assets lead to a decrease of Germany s share to 8 % (06/6: 24%) Other countries represent 0% of total 48% 8% Land Bank 4% 8% 38% Office 22% 22% Hotel 9% 38% 9% Residential 8% Land Bank 4% Other as of 30 Sep 206 9

20 Breakdown: Standings and Land Bank Total Standings Total Land Bank EUR 466m 2 EUR 96m 2 gross yield: 6.7% 3 LTV: 49.2% 4 LTV: 3.8% 4 Standings (at equity) EUR 224m (asset value) gross yield: 5.7% 3 LTV: 44.5% 4 Standings (fully consolidated) EUR 242m (IFRS book value) gross yield: 7.7% 3 LTV: 53.3% 4 Land Bank (at equity), EUR 3m (asset value) LTV: 74.8% 4 Land Bank (fully consolidated) EUR 93m (IFRS book value) LTV: 30.% 4 as of 30 Sep % IFRS book value for full consolidated properties plus % of the assets of at equity consolidate companies 3 gross yield annualized effective rental income compared with book values/assets as of 30 Sep LTV = Loan to Value, ratio of book value to loan amount outstanding 20

21 EBT- and Equity- Growth EBT (EURm) EBT Dividend Equity (EURm) Equity attributable to shareholders Other Positive earnings since 99 despite of several financial and economic crises Increase of equity due to continuous earnings increase and solid dividend policy 2

22 Residential: Timeline of Reporting EBT/Revenue and Cash Sales proceeds are reported as revenue* Announcement of the transaction Equity, profit and repayment of bank financing (cash) IAS 2 t 2 Signing of Sales & Purchase Agreement Hand-over of the apartment (Closing) * This is true for inventories (like residential property) according to IAS 2 but does not apply for investment property according to IAS 40 and assets held for sale according to IFRS 5 22

23 Office & Hotel: Timeline of Reporting EBT/Revenue and Cash Sales proceeds are booked as revenue* Fair value adjustment acc. to IFRS affecting EBT * Announcement of the transaction Equity, Profit and repayment of Bank Financing (cash) t 2 t 3 LOI Signing of Sales & Purchase Agreement Hand-over of the property (Closing) Only in case of a standing project or a piece of land being sold signing of SPA and immediate handover trigger reporting of revenue. The cash flows shortly afterwards. In case of a property under construction the signing of SPA only results in the announcement of the transaction. During the construction period investments into the property are increasing net debt. Only upon hand-over sales proceeds are reporting as revenue. The above does not apply to residential projects. Residential projects require down payments which are released in accordance with the progress of the project. Revenue and EBT is reported at handover of the apartment(s) which can be at the end of the construction period or as they are sold over time * only investment property acc. to IAS 40 and Assets Held for Sale acc. to IFRS 5 23

24 UBM Hotels: Staying Ahead of the Game UBM has become the hotel developer of choice in Europe With international hotel groups walking away from the owner-/operator model, UBM takes the place of the operator UBMhotels bundles all hotel development and operating activities of UBM PIPELINE DEVELOPED/SOLD OPERATE MANAGE 2 hotels > 40 hotels 5 hotels 2,946 keys > 9,000 keys 3,506 keys GOP 2 : 40% 3 OWN 6 hotels 976 keys excludes Hansen-Kempinski/Vienna, which is not operated by UBM, all other 6 hotels operated by UBM 2 GOP = Gross Operating Profit; 3 as of 30 Sep

25 Detail: Hotels Operated by UBM Cooperation with international hotel-management partners Poland Germany Warsaw - InterContinental, Cracow- Radisson BLU, Cracow-Park Inn, Wrocław-Radisson BLU, Katowice-Angelo Munich-Angelo Leuchtenbergring, Munich-Angelo Westpark, HIEX Munich City West Frankfurt-Holiday Inn 5 hotels.27keys 4 hotels 904 keys France Paris-Dream Castle, Paris-Magic Circus 2 hotels 793 keys Netherlands Amsterdam-Crowne Plaza hotel 207 keys Austria Linz-Park Inn, Jochberg-Kempinski 2 hotels 33 keys Czech Republic Pilsen-Angelo hotel 44 keys 25

26 Hotel Pipeline: 2 Hotels/3,000 Keys Hyatt Regency, Amsterdam Category: 5* Keys: 2 Completion: Q/207 QBC 5 Novotel und ibis, Vienna Category: 4*/3* Keys: 576 Completion: Q2/207 Angelo Leuchtenbergring, Munich Category: 4* Keys: + 36 to 282 Completion: Q/208 Sarphatistraat GV Amsterdam Gertrude Fröhlich Sandner Str. 3, 0 Vienna Leuchtenbergring 20, 8677 Munich Holiday Inn Express, Berlin Category: 3* Keys: 84 Completion: Q/207 Holiday Inn Warsaw City Center, Warsaw Category: 4* Keys: 250 Completion: Q2/208 Holiday Inn Gdansk Center Category: 4* Keys: 27 Completion: Q4/208 Klosterstr. 48, Berlin Ul. Twarda, Warsaw ul. Chmielna, Gdansk 26

27 Office Pipeline: Projects with Promising Return Expectations Examples: Zalando Headquarter, Berlin Land area: 50,000 sqm GFA: 42,000 sqm Completion: Q2/208 Leuchtenbergring, Munich Land area: 9,90 sqm GFA: 2,453 sqm Completion: Q/208 Poleczki Business Park, Warsaw Poleczki B2: GFA 9,600 sqm, under construction Poleczki B3: GFA 9,600 sqm, Completion: Q2/207 Poleczki C2: GFA 4,600 sqm, Completion: Q2/208 Friedrichshain/ Kreuzberg, Berlin Leuchtenbergring 20, 8677 Munich ul. Poleczki 35, Warsaw Quartier Belvedere Central (3/4) QBC 3 Office, restaurants GFA: 7,654 sqm Parking: 700 Completions: Q2/207 QBC 4 (already sold) Office, restaurants GFA: 20,000 sqm Anchor tenant: BDO Austria GmbH Completion Q2/207 Gertrude Fröhlich Sandner Str. 3, 0 Vienna GFA = Gross Floor Area 27

28 Detail: Quartier Belvedere Central, Vienna Central Station GFA: 30,000 sqm QBC 3 (already sold) Office, Restaurants GFA: 7,654 sqm Parking Slots: 700 Completion: Q2/207 QBC 6 Sales volume: 35.7m Apartments: 35 Completion: Q2/208 QBC 4 (already sold) Office, restaurants GFA: 20,000 sqm Anchor tenant: BDO Austria GmbH Completion: Q2/207 QBC 5 (already sold) Hotel Accor / Ibis (3*) and Novotel (4*) Keys: 577 Completion Q2/207 GFA = Gross Floor Area 28

29 Residential Pipeline: Focus on Germany and Austria Examples: MySky, Vienna GFA: 4,000 sqm Apartments: 28 Completion Q4/207 Rosenhügel, Vienna Land Area: 5,68 sqm Apartments: 205 Completion Q/208 Kühnehöfe, Hamburg Land Area: 2,36 sqm Apartments: 0 Completion Q3/ Laaer-Berg-Str. 47, 00 Vienna Rosenhügelstr., 30 Vienna Kühnehöfe, Schützenstr., 2276 Hamburg Enckestraße 4, Berlin Apartments: 7 Parking: 34 Completion: Q4/207 QBC Living (6) Vienna Sales volume: 35.7m Apartments: 35 Completion: Q2/208 Enckestr. 4-4a, 0969 Berlin Gertrude Fröhlich Sandner Str. 3, 0 Vienna 29

30 Value Chain of a Real Estate Developer Development process broken down into key steps Added value potential of UBM In the current market climate an early exit is possible without any significant discounts Finalized project Marketing of property Planning Premarketing of property General Contracting Construction Developed Plot Development of Green field Rezoning Green Field 30

31 Reference Projects I Hotel HIEX Munich City West, Munich, Germany Keys: 302, category 3*plus Construction completed: September 205 Managed by IHG - InterContinental Hotel Groups Sold via Forward Deal January 205 Address: Birketweg / Wilhelm-Hale-Str., Munich, Germany KEMPINSKI, Palais Hansen, Vienna, Austria Keys: 52, category 5* Construction completed: February 203 Managed by Kempinski Hotel Vienna Management GmbH Owner: UBM Development (34 %) and project partners Address: Schottenring 24, 00 Vienna, Austria Intercontinental, Warsaw, Poland Keys: 40, category 5*plus Construction completed: 2003 Managed by Intercontinental Hotels Group Sold in December 202 Address: Emilii Plater 49, Warsaw, Poland 3

32 Reference Projects II Office Neue Mitte Lehen, Salzburg, Austria GFA: 6,626 sqm Construction completed: 2008 Main tenants: DM, Ernstings Family, Flöckner, Stadtbücherei, Egos, Bodner, Sold in H 206 Address: Schumacherstr. 4, 5020 Salzburg, Austria Arena Boulevard, Berlin, Germany GFA: 0,250 sqm Construction completed: Q3 205 Main tenants: Zalando SE, PORR Deutschland Sold in December 205 Address: Valeska-Gert-Str., 0243 Berlin, Germany Pegaz Times II, Wroclav, Poland GFA: 20,500 sqm Construction completed: Q2 206 Parking 360 Address: Ul. Grabarska, Wroclaw, Poland GFA = Gross Floor Area 32

33 Reference Projects III Residential Keibelstraße/Alexanderplatz, Berlin, Germany 90 units plus 22 retail and office units Sales volume: EUR 49.4m Construction completed: November 205 Address: Inselstr. 9-0, 429 Berlin, Germany Sternbrauerei, Salzburg, Austria 00 units and 46 parking spaces Sales volume: EUR 62.9m Construction completed: June 204 Address: Rainbergstr. & Steinbruchstr., 5020 Salzburg, Austria Villa Galicija, Crakow, Poland 72 units Sales volume: EUR 8.2m Construction completed: 20 Address: Ul. Dominikanow 32, Cracow, Poland 33

34 Shareholder Structure Total Shareholder Structure Free Float 2 Geographical Split 2.% Other 6.2% Free Float 4.2% North/Central Europe 38.8% Syndicate ** 2.% Poland 4.0% Germany 52.0% Austria 5.6% UK Free float including Management and Supervisory Board (.3%) 2 Around 0% of the shares could not be identified and could therefore not be allocated in geographical terms 34

35 Investor Relations Analysts & Recommendation Bank Analyst Price Target Recommen. Date Baader Bank Jan-Haucke Jendrny 47.0 Buy 4 Sep 6 Kepler Cheuvreux Thomas Neuhold 43.0 Buy 22 May 6 Erste Group Franz Hörl 40.0 Buy Sep 6 SRC Research Stefan Scharff 52.0 Buy Sep 6 Financial Calendar 207 Annual Financial Report Apr 7 Shareholder Information Share Price EUR Record Date AGM 3 May 7 36th Annual General Meeting 23 May 7 Trade ex-dividend 30 May 7 st Quarter May 7 Record Date Dividend 3 May 7 Dividend Payment 0 June 7 H/207 Report 29 Aug 7 3rd Quarter Nov 7 Market Capitalization Official Market Number of shares outstanding Ticker symbol ISIN IR Contact T +43 (0) investor.relations@ubm.at EUR m Vienna Stock Exchange, Prime Market 7,472,80 UBS VI AT September 206; 35