PRESENTATION FULL-YEAR 2016 RESULTS 1 04/2017 Strictly confidential
DISCLAIMER NEITHER THE INFORMATION IN THIS DOCUMENT NOR ANY RELATED MATERIALS be placed on, the accuracy, completeness or fairness of the information or opinions MAY BE TAKEN OR TRANSMITTED INTO THE UNITED STATES OR DISTRIBUTED contained herein. None of the Lead Manager, Company or Asset Manager or any of their OR REDISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, respective members, directors, officers or employees nor any other person accepts any AUSTRALIA, CANADA OR JAPAN. liability whatsoever for any loss howsoever arising from any use of this Presentation or its contents or otherwise arising in connection with the Presentation. This presentation is strictly confidential to the recipient and has been prepared by Bank Vontobel AG (the “Lead Manager”), Stoneweg SA (the "Asset Manager") and Varia US Neither the Presentation nor any copy of it may be taken or transmitted into the United Properties AG (the "Company") solely for information purposes and use at the States of America, its territories or possessions, or distributed, directly or indirectly, in the presentation to the respective recipient ("Presentation"). By attending such Presentation, United States of America, its territories or possessions. Any failure to comply with this you agree to be bound by the following terms. restriction may constitute a violation of U.S. securities laws. The Presentation is not an offer of securities for sale in the United States. Neither the Company nor the Asset This Presentation may not be reproduced, retransmitted or further distributed to the press Manager have registered and do not intend to register any portion of the Offering in the or any other person or published, in whole or in part, for any purpose. Failure to comply United States or to conduct a public offering of any securities in the United States. The with this restriction may constitute a violation of applicable securities laws. This Securities may not be offered or sold in the United States except pursuant to an Presentation does not constitute or form part of and should not be construed as, an offer exemption from, or transaction not subject to, the registration requirements of the to sell or issue or the solicitation of an offer to buy or acquire securities of the Company Securities Act. or the Asset Manager in any jurisdiction or an inducement to enter into investment activity. No part of this Presentation, nor the fact of its distribution, should form the basis Additional restrictions may apply according to applicable securities laws of other of, or be relied on in connection with, any contract or commitment or investment decision jurisdictions, including, without limitation, the European Union whatsoever. This Presentation does not constitute a prospectus or a similar communication within the meaning of article 752, 652a and/or 1156 of the Swiss Code of This Presentation includes forward-looking statements, beliefs or opinions, including Obligations ("CO") or a listing prospectus within the meaning of the listing rules of the SIX statements with respect to plans, objectives, goals, strategies, estimated market sizes Swiss Exchange. and opportunities as well as strength of competitors which are based on current beliefs, expectations and projections about future events. The words "believe," "expect," The information contained herein consists of slides solely for use at the Presentation in "anticipate," "intends," "estimate," "forecast," "project," "will," "may," "should" and similar connection with the proposed offering (the "Offering") of the Company’s shares (the expressions identify forward-looking statements. The forward-looking statements in this "Shares") by the Company. Presentation are based upon various assumptions, many of which are based, in turn, upon further assumptions, including, without limitation, management’s examination of Any purchase of Shares in the Offering should be made solely on the basis of the data available from third parties. Although the Lead Manager, the Company and the information contained in the offering circular constituting an issuance prospectus in the Asset Manager believe that these assumptions were reasonable when made, these sense of art. 652a CO in the final form prepared by the Company (the “Offering Circular") assumptions are inherently subject to significant uncertainties and contingencies which and any other supplemental prospectus to be published in respect of the Offering. The are difficult or impossible to predict and are beyond its control, and the Company or the Offering Circular will include a description of the risks specific to the situation of the Asset Manager may not achieve or accomplish these expectations, beliefs or projections. Company and/or the offered Shares which are material for taking investment decisions. Neither the Lead Manager nor the Company nor the Asset Manager, nor any of its These risks must be considered carefully before making any investment decisions. The members, directors, officers, agents, employees or advisers intend or have any duty or information contained in this Presentation has not been independently verified. Neither obligation to supplement, amend, update or revise any of the forward-looking statements the Lead Manager, the Company nor the Asset Manager are under any obligation to contained in this Presentation. update or keep current the information contained herein. Accordingly, no representation or warranty or undertaking, express or implied, is given by or on behalf of the Lead The information and opinions contained herein are provided as at the date of the Manager, the Company, the Asset Manager or any of their respective members, Presentation and are subject to change without notice. directors, officers, agents or employees or any other person as to, and no reliance should 2 04/2017 Strictly confidential
AGENDA APRIL 26, 2017 Key achievements Financials FY 2016 Portfolio and pipeline Outlook Q&A 3 04/2017 Strictly confidential
TODAY’S SPEAKERS PATRICK RICHARD MANUEL LEUTHOLD JAUME SABATER MARTOS ■ ■ ■ Chairman, Vice Chairman, Delegate of the Board of Varia US Properties AG Varia US Properties AG Directors, Varia US ■ Properties AG CEO of Stoneweg SA, ■ the Asset Manager of Head of US Investments Varia US Properties AG of Stoneweg SA, the Asset Manager of Varia US Properties AG 4 04/2017 Strictly confidential
KEY ACHIEVEMENTS 5 04/2017 Strictly confidential
HISTORY AND MILESTONES OF VARIA Selected non-strategic Full deployment of new capital Company formation property disposals September 28, 2015 expected by June 30, 2017 Sourcing of new IPO and listing of shares at opportunities SIX Swiss Exchange raising CHF 124.7 million Equity raising December 8, 2016 November 2015 2015 2016 2017 New acquisitions Florida portfolio acquisition deploying full equity Sourcing of new December 2015 opportunities Ariston portfolio acqui- sition & capital increase February 2016 6 04/2017 Strictly confidential
KEY ACHIEVEMENTS 2016 ■ Successful IPO at SIX Swiss Exchange on December 8, 2016, raising USD 124.7 million new equity. The newly raised capital is expected to be deployed until end of June 2017 ■ Swiftly start to deploy the newly raised equity by acquiring a 346 units’ complex called Wood Hollow near to the new headquarters of American Airlines in Dallas Fort Worth Airport on December 29, 2016 ■ Increasing total value of assets under management to USD 343.5 million as of December 31, 2016 ■ 28 assets were acquired and three properties sold, expanding the number of assets to 38 properties spread in 13 different States of the US sunbelt region ■ Reinforcement of the Board of Directors with Manuel Leuthold and Beat Schwab, two additional highly experienced non-executive directors in order to support strong growth and to comply with all regulatory rules ■ Proposition of the Board of a distribution of CHF 9.0 million in total to the Company’s shareholders following Varia’s strategy to successfully generate a return on the capital invested 7 04/2017 Strictly confidential
VARIA US PROPERTIES AT A GLANCE Geographic breakdown of Varia Properties as of December 31, 2016 8 04/2017 Strictly confidential
VARIA ON THE SIX SWISS EXCHANGE STOCK DETAILS PERFORMANCE Listing SIX Swiss Exchange High 39.00 17.03.2017 Ticker symbol VARN Low 35.00 Swiss security number 30 528 529 22.02.2017 ISIN CH 030 528 529 5 Price change 7.14% Product type Mid & small caps Swiss shares Average volume 2,389 Security type Registered share Nominal value CHF 1.00 per registered share Share price Number in issue 6,658,710 December 8, 2016 – April 10, 2017 9 04/2017 Strictly confidential
FINANCIALS FY 2016 10 04/2017 Strictly confidential
FY 2016 KEY FIGURES 1 Calculated on the weighted average number of ordinary shares outstanding. 11 04/2017 Strictly confidential
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