INVESTOR PRESENTATION Q II 2019 GODEWIND IMMOBILIEN AG BERLIN - PowerPoint PPT Presentation

INVESTOR PRESENTATION Q II 2019 GODEWIND IMMOBILIEN AG BERLIN

DISCLAIMER The presentation, including any printed or electronic copy of these slides, the talks given by the presenters, the information communicated during any delivery of the presentation and any question and answer session and any document or material distributed at or in connection with the presentation (together, the “Presentation”), has been prepared by Godewind Immobilien AG (the “Company”) and is not an offer of any securities or invitation to purchase any securities. The Presentation is provided for general information only and does not purport to contain all the information that may be required to evaluate the Company. The information in the Presentation is subject to updating, completion, revision and verification. No reliance may be placed for any purpose whatsoever on the information or opinions contained or expressed in the Presentation or on the accuracy, completeness or fairness of such information and opinions. To the extent permitted by law, no undertaking, representation or warranty or other assurance, express or implied, is made or given by or on behalf of the Company or any of its directors, officers, partners, employees, agents, affiliates, representatives or advisers, or any other person, as to the accuracy, completeness or fairness of the information or opinions contained in the Presentation. None of the Company, its affiliates, advisers, agents or any other party undertakes or is under any duty to update the Presentation or to correct any inaccuracies which may become apparent or to provide you with any additional information. No responsibility or liability is accepted by any such person for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred, however arising, directly or indirectly, from any use of, as a result of the reliance on, or otherwise in connection with, the Presentation. In addition, no duty of care or otherwise is owed by any such person to recipients of the Presentation or any other person in relation to the Presentation. The Presentation includes statements that are, or may be deemed to be, forward-looking statements. The words “believes”, “expects”, “may”, “will”, “could”, “should”, “shall”, “risk”, “intends”, “estimates”, “aims”, “plans”, “predicts”, “continues”, “assumes”, “positioned” or “anticipates” and similar expressions (or their negative) identify certain of these forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of the Company and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with financial markets, exchange rate fluctuations and competition from other companies, changes in laws and regulations affecting the Company and other factors. The Company does not assume any obligations to update any forward-looking statements. The Presentation includes statistics, data and other information from third-party sources. While the Company believes that these sources are reliable, the Company has not independently verified the data contained therein. Accordingly, undue reliance should not be placed on any of the third-party statistics, data and other information contained in the Presentation. The distribution of this Presentation in certain jurisdictions is restricted by law. Therefore, it must not be distributed, published or reproduced (in whole or in part) or disclosed by its recipients to any other person for any purpose, other than with the consent of the Company. All trademarks remain the property of their respective owners. By attending any delivery of the Presentation, you agree to be bound by the above limitations and conditions and, in particular, you represent, GODEWIND warrant and undertake to the Company that: (i) you will not forward the Presentation to any other person or reproduce or publish this document, in whole or in part, for any purpose; and (ii) you have read and agree to comply with the contents of this notice. IMMOBILIEN AG BERLIN

WHAT IS SPECIAL ABOUT US PLATFORM 100% OFFICE SUPERIOR ORGANIC NO STRUCTURAL 269,510 (sqm) GROWTH VACANCY FOR INVESTORS more than 75% value 28% vacancy IN GERMAN upside* • Pure office portfolio in Germany • Asset by asset acquisitions mean • Only A cities/locations, value-add COMMERCIAL • Strong organic NAV growth- no assets with structural vacancy and Core(+) only potential in value-add segment • Occupancy rate of 72% for REAL ESTATE • Selected assets which perfectly fit portfolio can be increased to • Vacancy reduction and market our strategy rents as NAV drivers ‘fully let‘ 1 2 3 NO LEGACIES ATTRACTIVE FINANCING MAXIMUM MANAGEMEMT AS 9 selected properties STRUCTURE TRANSPARANCY MAJOR SHAREHOLDERS + € 355 m tax loss full details on every family and friends with carryforwards single asset >30% stake • Company built from scratch – no legacy portfolio • Financing of ~1.5% for • Full set of EPRA numbers • CEO holds around 6% • No legal or corporate legacies 5 years envisaged, low (12% incl. financial Instruments) • KPIs down to each individual amortization payments property • Family and friends together • Solid net LTV-target of 45-55% account for about 37% • € 180m corporate tlcf, € 175m commerical tlcf, € 133m 4 5 6 7 contribution account GODEWIND IMMOBILIEN AG // INVESTOR PRESENTATION MAY 2019 // 3 All figures ( € ) as of Mar 2019, unless otherwise stated / * target after business plan execution

WHO WE ARE GODEWIND IMMOBILIEN AG ABOUT GODEWIND Frankfurt-Airport-Center , Hugo-Eckener-Ring, Frankfurt • Stock-listed commercial real estate company with focus on office. • Successful blind pool IPO on 5 April “Our Goal is to 2018 raising € 375m become the • Vision is to create an office real estate portfolio of around Preferred Platform € 3bn in the mid term. • First acquisitions with a volume of for Investors in around € 740m executed. German Office • Seasoned management team as a significant stakeholder with Real Estate.” sustained track record for creating shareholder value and transaction volume of more than € 20bn. AKQUISITION-STRATEGY PORTFOLIO-STRATEGY *Logistics, Hotels, etc. • Focus on office properties and mixed commercial portfolios with ~ 20% • Creating a portfolio with focus on office properties Value-Add Core(+) earnings potential - *other assets than office for disposal ~ 40% ~ 40% • Value creation through inhouse active asset-management Office *Other • Attractive assets with value potential and stable cash flows ~ 60% • Consistent realization of development and appreciation commercial • Extensive and long-established network creates opportunities ~ 20% potential for off-market transactions and bidding processes • Disposal of non-office assets ~ 20% Opportunistic GODEWIND IMMOBILIEN AG // INVESTOR PRESENTATION MAY 2019 // 4

ROADMAP Our path towards a sound and profitable commercial property portfolio SINCE IPO ON TRACK TO • Development of a unique acquisition and portfolio strategy based on the BUSINESS CONCEPT Q1 “blind pool IPO concept” BUILD A LEADING AND IPO-TEAM 18 • IPO-team with strong partners, e.g. Citigroup, J.P. Morgan GERMAN COMMERCIAL IPO AT FRANKFURT • First successful real estate “blind pool IPO” in Germany listed in Prime Standard Q2 18 STOCK EXCHANGE • Issue proceeds of € 375m. Traded on Xetra since 5 April 2018 REAL ESTATE PLATFORM EXPANSION OF • New senior managers in finance and asset management Q3 18 MANAGEMENT TEAM • Due diligence for more than € 2bn of assets • First acquisitions worth around € 740m signed since October FIRST ACQUISITIONS Q4 • Portfolio entirely consists of office properties with significant upside OF PROPERTIES 18 in attractive locations • Further portfolio and asset acquisitions from pipeline. ASSET MANAGEMENT 2019 • Mixed commercial portfolios and selective asset by asset approach OPTIMIZING PORTFOLIO from € 2bn + pipeline. FUTURE ACQUISITIONS • Active asset management for realization of value-add potential 2019 FROM PIPELINE • Focus on generating long-term and stable income streams for our investors GODEWIND IMMOBILIEN AG // INVESTOR PRESENTATION MAY 2019 // 5