Road Show Presentation Results as at 31/12//2016 & BP2016-2018 - PowerPoint PPT Presentation

Road Show Presentation Results as at 31/12//2016 & BP2016-2018

DISCLAIMER This presentation does not constitute an offer or an invitation to subscribe for or purchase any securities. The securities referred to herein have not been registered and will not be registered in the United States under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or in Australia, Canada or Japan or any other jurisdiction where such an offer or solicitatio n would require the approval of local authorities or otherwise be unlawful. The securities may not be offered or sold in the United States or to U.S. persons unless such securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. Copies of this presentation are not being made and may not be distributed or sent into the United States, Canada, Australia or Japan. This presentation contains forwards-looking information and statements about IGD SIIQ SPA and its Group. Forward-looking statements are statements that are not historical facts. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding plans, performance. Although the management of IGD SIIQ SPA believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of IGD SIIQ are cautioned that forward-looking information and statements are subject to various risk and uncertainties, many of which are difficult to predict and generally beyond the control of IGD SIIQ; that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements. These risks and uncertainties include, but are not limited to, those contained in this presentation. Except as required by applicable law, IGD SIIQ does not undertake any obligation to update any forward-looking information or statements

Index 1. INTRODUCTION TO IGD 4 2. 2016 FY RESULTS 18 3. HIGHLIGHTS ON 2016-2018 BUSINESS PLAN 54 4. APPENDIX 64 3 Roadshow presentation

Centro d’Abruzzo - Chieti 1. Introduction to IGD

IGD at a glance IGD is one of the main players in the Italian retail real estate sector: develops and manages shopping centers across the country and has a significant presence in retail distribution in Romania #1 Italian Retail SIIQ (REIT) IGD Portfolio Snapshot IGD Portfolio Breakdown by Geography 1 € 2.2 Bn Portfolio 2 5 Mainly Malls / Retail Parks / 2 19 Hypemarkets By Rental By Value Income 5 € 2.2 Bn 9 € 131 MM 2 5 71 Assets 2 56 units in Italy (c. 92% of value ) 15 units in Romania (c.8% of Bistrita Piatra Neamt Cluj value) Vaslui Turda # Number of Properties Galati Ramnicu Valcea Ploiesti 4 Braila Northern Italy (53% Value) Tulcea Buzau Central Italy (28% Value) Slatina South Italy (19% Value) Alexandria Rental Income > € 130 MM 56 Properties in 11 Regions 15 Properties in 13 Cities (92% of Value) (8% of Value) 5 Roadshow presentation

IGD unique positioning in the Italian retail property sector Large portfolio of retail property assets with a strong customer base generating sound 1 and visible revenues and growing cashflows over the business plan timespan 2 Strong competitive position in the stable and attractive Italian retail property market Track record of uninterrupted profitable growth with a clear operating strategy and 3 prudent development activities 4 Low exposure to commercialization risks related to development activities 5 Diversified debt structure with proven access to capital markets 6 Solid and supportive shareholding structure Strong and stable Management Team with a strong expertise both in retail market and 7 retail real estate market 6 Roadshow presentation

Our business model A careful merchandising mix, marketing activity adapted to each DIRECT MANAGEMENT context and various customer related services and careful attention OF THE SHOPPING CENTRES paid to tenants’ needs MEDIUM SIZED AND EASILY In line with the geographical structure of Italy which is characterized by a lot of MEDIUM SIZED provinces REACHABLE SHOPPING CENTERS Strategic presence in Northern/ Central Italy with GDP per capita PRESENCE IN THE WHOLE above EU average OF ITALY SHOPPING CENTERS WITH FOOD The presence of a strong food anchor (COOP), intimately integrated in ANCHORS the Italian territory guarantees a high and steady level of footfalls 7 Roadshow presentation

IGD: A cluster of retail assets dominant in their catchment area IGD Principal NORTHERN ITALY Italian Assets MONDOVICINO SHOPPING I BRICCHI CENTRO SARCA GRAN RONDÒ MILLENNIUM GALLERY CONÈ CENTER & RETAIL PARK ISOLA D'ASTI (AT) SESTO S. GIOVANNI (MI) CREMA (CR) ROVERETO (TN) CONEGLIANO (TV) MONDOVÌ (CN) (1) (1) CENTRO PIAVE CLODÌ CENTRO NOVA CENTRO BORGO ESP LE MAIOLICHE LUNGO SAVIO I MALATESTA VILLANOVA DI CASTENASO (BO) BOLOGNA SAN DONA’ DI PIAVE (VE) CHIOGGIA (VE) RAVENNA FAENZA (RA) CESENA RIMINI CENTRAL ITALY (1) PUNTADIFERRO FONTI DEL CORALLO CITTÀ DELLE STELLE CENTRO PORTO GRANDE TIBURTINO CASILINO MAREMA’ FORLI’ LIVORNO ASCOLI PICENO PORTO D'ASCOLI (AP) GUIDONIA (RM) ROMA GROSSETO SOUTHERN ITALY NEXT OPENINGS LE PORTE DI NAPOLI LA TORRE KATANÉ ESP Extension PORTA A MARE CENTRO D'ABRUZZO AFRAGOLA (NA) PALERMO CATANIA RAVENNA LIVORNO PESCARA 8 Roadshow presentation (1) Leasehold properties

Italian Portfolio: hypermarkets and shopping malls (as at 31/12/2016) TENANTS OF 22 SHOPPING MALLS 25 HYPERMARKETS HYPERMARKETS CENTRO D'ABRUZZO -Pescara CENTRO D'ABRUZZO -Pescara Coop Alleanza 3.0 CLODI' - Chioggia CLODI' - Chioggia Coop Alleanza 3.0 PORTO GRANDE - Porto d'Ascoli (AP) PORTO GRANDE - Porto d'Ascoli (AP) Coop Alleanza 3.0 ESP - Ravenna ESP - Ravenna Coop Alleanza 3.0 CENTRO BORGO -Bologna CENTRO BORGO -Bologna Coop Alleanza 3.0 CONE' RETAIL PARK - Conegliano (TV) CONE' RETAIL PARK - Conegliano (TV) Coop Alleanza 3.0 FULL OWNERSHIP OF LE MAIOLICHE - Faenza LE MAIOLICHE - Faenza Coop Alleanza 3.0 14 SHOPPING CENTRES LUNGO SAVIO -Cesena LUNGO SAVIO -Cesena Coop Alleanza 3.0 CITTA' DELLE STELLE - Ascoli Piceno CITTA' DELLE STELLE - Ascoli Piceno Coop Alleanza 3.0 (MALL + HYPERMARKET) KATANE' - Catania KATANE' - Catania Coop Sicilia TORRE INGASTONE - Palermo TORRE INGASTONE - Palermo Coop Sicilia Distribuzione Lazio CASILINO -Roma CASILINO -Roma Umbria srl Distribuzione LE PORTE DI NAPOLI -Afragola (NA) LE PORTE DI NAPOLI -Afragola (NA) Centro Sud Srl (ipercoop) Distribuzione TIBURTINO -Guidonia (RM) TIBURTINO -Guidonia (RM) Centro Sud Srl (ipercoop) MILLENNIUM GALLERY - Rovereto (TN) PUNTADIFERRO - Forlì (FC) MAREMA' - Grosseto CENTRO SARCA - Sesto S. Giovanni (MI) 8 SHOPPING MALLS Hypermkts not totally owned by IGD MONDOVICINO RETAIL PARK -Mondovì (CN) Gran Rondò (Crema) I BRICCHI - Isola d'Asti (AT) DARSENA CITY - Ferrara (50% owned by Beni Stabili) Distribuzione Lazio Supermkt Civita Castellana (Viterbo) Umbria srl Supermkt Cecina (Livorno) Unicoop Tirreno Hypermkt Le Fonti del Corallo - Livorno Unicoop Tirreno Hypermkt Schio-Schio (Vicenza) Coop Alleanza 3.0 Hypermkt LAME - Bologna Coop Alleanza 3.0 11 HYPERMARKETS Malls not owned by IGD Hypermkt LEONARDO - Imola (BO) Coop Alleanza 3.0 Hypermkt LUGO - Lugo (RA) Coop Alleanza 3.0 Hypermkt IL MAESTRALE - Senigallia (AN) Coop Alleanza 3.0 Hypermkt MIRALFIORE - Pesaro Coop Alleanza 3.0 Supermkt AQUILEJA - Ravenna Coop Alleanza 3.0 9 Roadshow presentation Hypermkt I MALATESTA - Rimini Coop Alleanza 3.0

Balanced portfolio from a geographical point of view SOUTH+ISLANDS 19% NE 41% CENTER 28% NW 12% • Leader in their catchment area • Present in 11 Italian regions, from North to South, mainly in medium/large size cities MILAN – C. Sarca BOLOGNA – C. Borgo RAVENNA - ESP ROME -Tiburtino NEAPLES – Porte di Napoli CATANIA - Katanè 10 Roadshow presentation

Balanced portfolio from a market value point of view DEVELOPMENT 7 Relevant Malls AND OTHER 7.1% SMALL (mkt value > € 70mn) : 14.7% Punta di Ferro Centro Sarca MALLS Tiburtino 55.6% HYPER/SUPER Le Porte di Napoli RELEVANT MAKETS MEDIUM 55.1% Katanè 29.7% 30.2% Conè Esp ROMANIA 80 7.6% 70 55.6 60 54.6 49.7 50 • Decrease in hypermarket and Romania 40 30.9 30.4 29.7 • Increase in malls 30 • Relevant and Medium malls equal to 85% of asset class 20 Medium malls: mkt value > € 30mn < € 70mn malls 10 Small malls: mkt value < € 30mn hyper 0 2014 2015 2016 > 2017 11 Roadshow presentation

Performing and effective portfolio Resilience in occupancy 2014 2015 2016 97.3% Occupancy rate always high Average Italy 96.2% thanks to the restyling/ 96.1% extension/remodeling activities 86.4% Romania Flexibility and adaptability m² Average mall dimension: No. of full ownership Average no. of shops: approx 15,000 m 2 shopping center * : 55 14 Portfolio that can easily be remodeled/reconverted (ie. Le Porte di Napoli, Città delle Stelle) 12 Roadshow presentation *Full ownership: hypermarket + shopping mall; represent approx. 55% of Italian mkt value