Q1 - HIGHLIGHTS PORTFOLIO EFFICIENCY ON VERY ROBUST LEVEL COST SAVINGS AND IMPROVED KPIs > Occupancy rate stable at record level of 94.2% > Adjusted rental income (like-for-like) rose 3.7% > Overall rental income increased by 3.3% to MEUR 59.0 > Results of asset management improved significantly by 14.1% to MEUR 45.0 > Opening of two fully rented STOP SHOPs in Serbia with approx. 16,000 sqm in April 2018 retail park portfolio now totals 72 locations > Financing costs sharply down by 38.6% or MEUR 10.3 to MEUR -16.4 due to successful refinancing measures undertaken in FY 2017 > Results of operations doubled to MEUR 35.5 (Q1 2017: MEUR 17.8) > FFO 1 up substantially increased to MEUR 29.1* (Q1 2017: MEUR 9.7) ONGOING IMPROVEMENT IN CREDIT PROFILE HOLDINGS > Net loan-to-value further reduced to 40.6% > Financing costs excl. derivatives fell to 1.93%, incl. derivatives at 2.27% > Liquidity increased to MEUR 509.6 > Launch of structured bidding process for a package sale of the CA Immo investment (approx. 26% plus 4 registered shares) > Purchase of approx. 19.5 million shares of S IMMO (approx. 29.14%) for MEUR 390.0 Closing expected in summer * Includes economic interest in FFO 1 of CA Immo in the amount of MEUR 7.6 2
P&L Q1 2018 VS. Q1 2017 AMOUNTS IN MEUR AS OF 31 MARCH 2018 Q1 2018 Q1 2017 CHANGE ABSOLUTE CHANGE IN % Rental income 1 59.0 57.1 1.9 3.3% Operating costs charged to tenants 22.5 20.2 2.3 11.3% Other revenues 1.1 1.8-0.7-36.3% Revenues 82.6 79.1 3.5 4.5% Expenses from investment property 2-16.1-20.4 4.3 21.1% Operating expenses -21.5-19.2-2.3-11.8% Results of asset management 45.0 39.5 5.6 14.1% Results of property sales 3.5-6.0 9.5 n/a Results of property development 1.8-5.8 7.5 n/a Other operating income 2.2 1.1 1.1 >100.0% Other operating expenses 3-17.0-11.1-5.9-53.4% Results of operations 35.5 17.8 17.8 >100.0% Other revaluation results -3.8-3.8 0.0 0.7% Operating profit (EBIT) 31.7 13.9 17.8 +100.0% Net financing costs 4-15.0-25.5 10.4 41.0% FX differences and other financial result 5 1.6-15.6 17.3 n/a Gains/losses from equity-accounted investments 6 8.9 134.1-125.2-93.4% Taxes 7-22.9-5.3-17.6-100.0% Net profit for the period from continuing operations 4.3 101.7-97.4-95.7% Net profit for the period from discontinued 8-3.4-21.0 17.6 83.9% operations Net profit for the period 1.0 80.7-79.7-98.8% COMMENTS 1. Sale related decline of properties more than offset by completions, new leases and higher occupancy 2. Decrease in fit-out costs (Δ MEUR 1.6), vacancy costs (Δ MEUR 1.0), operating costs charged to building owners (Δ MEUR 0.5) and maintenance costs (Δ MEUR 0.2) 3. Includes one-off costs of MEUR -5.4 (MEUR -4.0 special bonus payment to the Executive Board for the restructuring of the Group; MEUR -1.4 for simplification of Group structure) 4. Significant reduction of financing costs (Δ MEUR 10.3) due to successful refinancing in FY 2017 5. Last year figure was negatively impacted by incentivised conversion of CB 2018 and valuation of derivatives 6. Proportional share of earnings from CA Immo MEUR 7.8, last year figure significantly impacted by revaluation results from CA Immo and BUWOG 7. Deferred taxes: MEUR -15.2 thereof MEUR -6.6 related to the investment in CA Immo (outside basis differences). Current income tax: MEUR -7.7 thereof approx. MEUR -3.0 resulting from the liquidation of Aviso Zeta 8. Subsequent costs related to tax proceedings involving the logistics properties which were sold in 2016, but are attributable to IMMOFINANZ as the owner at that time 3
LIKE-FOR-LIKE RENTAL INCOME UP 3.7% Adjusted for new acquisitions, completions and sales, rental income in Q1 2018 rose by MEUR 1.8 or 3.7% to MEUR 49.5, primarily due to the increase in occupancy rates in the individual markets. STANDING INVESTMENTS 1, AMOUNTS IN MEUR AS OF 31 MARCH 2018 NUMBER OF PROPERTIES CARRYING AMOUNT 31 MARCH 2018 CARRYING AMOUNT IN PERCENT RENTAL INCOME Q1 2018 RENTAL INCOME Q1 2017 Q1 2018 VS. Q1 2017 Austria 28 722.7 23.2% 10.5 9.6 1.0 Germany 1 40.6 1.3% 0.5 0.5 0.0 Czech Republic 18 341.9 11.0% 5.3 4.8 0.5 Hungary 23 460.6 14.8% 7.1 6.8 0.3 Poland 25 674.5 21.7% 10.1 9.6 0.5 Romania 15 562.8 18.1% 10.5 11.0-0.5 Slovakia 13 203.9 6.6% 3.5 3.6-0.1 Non-core countries 10 105.8 3.4% 2.0 1.9 0.1 IMMOFINANZ 133 3,112.8 100.0% 49.5 47.8 1.8 Rental income from properties sold/acquired and development projects IMMOFINANZ 59.0 9.5 Office 56 1,893.7 60.8% 26.9 26.1 0.9 Retail 72 1.211.1 38.9% 22.4 21.6 0.9 Other 5 8.1 0.3% 0.2 0.1 0.01 IMMOFINANZ 133 3,112.8 100.0% 49.5 47.8 1.8 1 Calculation only includes those properties which were fully owned by IMMOFINANZ in both periods, i.e. it excludes new acquisitions, completions and sales 4
FUNDS FROM OPERATIONS FFO I & II IMPROVED SUBSTANTIALLY AMOUNTS IN MEUR AS OF 31 MARCH 2018 Q1 2018 Q1 2017¹ CHANGE ABSOLUTE CHANGE IN % Gross cash flow before tax from continuing operations 26.9 26.6 0.3 1.1% Dividends received from equity-accounted investments 3.5 0.0 3.5 n/a Interest or dividends received from financial instruments 0.1 0.3-0.2-77.7% Interest paid -14.8-21.6 6.8 31.3% Derivatives 2-2.9-4.8 1.9 40.0% Adjustment for costs for property transactions and developments as well as one-off effects 8.7 2.6 6.0 +100.0% Economic interest in FFO I of CA Immo Group 3 7.6 6.5 1.2 17.8% FFO 1 before tax (sustainable FFO from property portfolio management) 29.1 9.7 19.5 +100.0% Results of property sales 4 3.5-6.0 9.5 n/a FFO 2 (incl. results of property sales) before tax 32.7 3.7 29.0 +100.0% Cash taxes -1.8-10.7 8.9 83.4% FFO 2 after tax 30.9-7.0 37.9 n/a In order to show sustainable FFO I from standing investments, results of property sales and property development have been deducted in full 1 The comparable prior year figures were adjusted accordingly 2 Excl. non-recurring effects from early termination due to sales or refinancing 3 The economic interest in the CA Immo Group is based on the investment held by IMMOFINANZ in relation to the number of CA Immo shares outstanding similar to the recognition of the proportional share of earnings under the equity method. 4 Result corresponds to P&L line item and includes non-cash components and FX effects 5
CONSERVATIVE FINANCIAL STRUCTURE FINANCING COSTS FURTHER REDUCED TO 1.93% FINANCING COSTS 1 Weighted average interest rate incl. hedging costs Weighted average interest rate excl. hedging costs Financing costs: > Financing costs excl. derivatives fall to 1.93%, incl. derivatives 2.27% > Drivers of reduction in 2017: 3.67% 3.04% 30.04.2014 3.24% 2.62% 30.04.2015 2.97% 2.58% 30.04.2016 3.02% 2.64% 31.12.2016 2.31% 1.97% 31.12.2017 2.27% 1.93% 31.03.2018 Early incentivised conversion of 4.25% WA 2018 complete conversion/repayment in Q1 2018 Issuance of 2.0% WA 2024 in amount of MEUR 297.2 (with step-down to 1.5% for investment grade rating) Repayment of 5.25% corporate bond 2017 in amount of MEUR 100 NET LTV² 52.50% 50.30% 49.36% 49.00% More favourable refinancing at property level, e.g. STOP SHOP Portfolio grouping and refinancing of MEUR 414; reduction of MEUR 100 bank financing in RO and HU 40.80% 40.58% Net LTV: 30.04.2014 30.04.2015 30.04.2016 31.12.2016 31.12.2017 31.03.2018 > Net LTV declined to 40.6% > Lower end of target range of 40% to 45% thereby reached 1 Financing costs excl. Russia 2 Net LTV = total debt less cash and cash equivalents in relation to real estate value plus EPRA NAV of the CA Immo shares; Net LTV since 31.12.2016 excl. Russia 6
FINANCING MATURITY PROFILE IMPROVED MATURITY PROFILE OF FINANCIAL LIABILITIES BY FINANCIAL YEAR AS OF 31 MARCH 2018 CONSERVATIVE STRUCTURE: Cash and cash equivalents increased to approx. MEUR 510 (FY 2017: MEUR 480) FY 2018: Approx. MEUR 200 financing for properties which have been sold repayment from sales proceeds in 2018 Average term to maturity of property financing of 3.5 years 64.0% of financial liabilities are hedged against interest rate risk OUTSTANDING LIABILITY IN TEUR AS OF 31 MAR 2018 WEIGHTED AVERAGE INTEREST RATE EXCL. DERIVATIVES 1 SHARE OF FIXED RATE IN % 1 SHARE OF FLOATING RATE IN % 1 FIXED INTEREST RATE 1 FLOATING INTEREST RATE 1 HEDGING QUOTA: 64.0% 46.4% 17.6% 36.0% Convertible bonds in EUR 279,642.9 2.00% 100.00% n/a 2.00% n/a Bank liabilities in EUR 2,340,455.0 1.92% 7.12% 92.88% 1.21% 1.98% IMMOFINANZ 2,620,097.9 1.93% 17.56% 82.44% 1.72% 1.98% Floating rate, hedged Fixed rate Floating rate 1 Calculation basis: actual remaining debt (nominal amount) 7
DRIVERS OF MEDIUM TERM FFO GROWTH BY 2019 > Reduction in rental income (sale of non-core assets) expected to be offset by acquisitions, indexation and further increases in occupancy rate > Reduction in financing costs of approx. MEUR 23.5, with the majority occurring from Q1 2018 onward due to refinancing executed in 2017 > Additional rental income of MEUR 21.2, with majority generated by development projects currently in progress (completion of large projects in Germany scheduled for Q3 2018) > Reduction in personnel expenses, overheads (incl. structural costs) and normalisation of temporarily higher property expenses > FFO 1 guidance from CA Immo Group for 2019 is at least MEUR 125.0 Amounts in MEUR 34.4 19.9 41.9 23.5 21.2 FFO guidance 2019 excl. CA Immo stake: >100 MEUR FFO 1 2017 (pre-tax, excl. economic interest in CA Immo of MEUR 29.4) Financing costs Expected additional rental income Cost savings CA Immo* stake Future growth drivers as of April 2017 represent the expected medium term increase resulting from measures already implemented and are subject to general business risks * The economic interest in the CA Immo Group is based on the investment held by IMMOFINANZ in relation to the number of CA Immo shares outstanding similar to the recognition of the proportional share of earnings under the equity method 8
CONTACT AND FINANCIAL CALENDAR INVESTOR RELATIONS Bettina Schragl +43 (0)1 88 090 2290 E-Mail: investor@immofinanz.com www.immofinanz.com Simone Korbelius +43 (0)1 88 090 2291 E-Mail: investor@immofinanz.com www.immofinanz.com FINANCIAL CALENDER Q1-2 2018 Results 29 August 2018 1 Q1-2 2018 Report 30 August 2018 Q1-3 2018 Results 28 November 2018 1 Q1-3 2018 Report 29 November 2018 TICKER SYMBOLS Vienna Stock Exchange Warsaw Stock Exchange ISIN Reuters Bloomberg IIA IIA AT0000809058 IMFI.VI IIA AV 1 Publication is scheduled after the close of trading on the Vienna Stock Exchange 9