Slides
Page 1
www.tedi.com Jetzt Einkas obi.de pla GX Ettikett BITZ Bitterfelder - Fachmarkt - Zentrum ladys Club Fitness 3493/6856 für Fraue BITZ Bitterfeld www.bitz-disco.de kik kik kik Jamaica Sun Sonnenstudio NX Q3 2025/2026 FINANCIAL RESULTS 1 October 2025-30 June 2026 Deutsche Konsum Real Estate AG 12 August 2026
Page 2
2 The material in this presentation has been prepared by Deutsche Konsum Real Estate AG (“DKR”) and is a general background information about DKR’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation, including forecasted financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account particular investment objectives, financial situations or needs. Before acting on any information contained herein this Disclaimer should be considered as well as professional independent financial advice. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial, local or geopolitical developments and, in international transactions, currency risk. This presentation may contain forward looking statements including statements regarding the intent, belief or current expectations with respect to DKR’s businesses and operations, market conditions, results of operations and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward-looking statements. DKR does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside DKR’s control. Past performance is not a reliable indication of future performance. Unless otherwise specified all information is for the period ended 30 June 2026. Disclaimer Q3 2025/2026 financial results | Deutsche Konsum Real Estate AG
Page 3
3 HIGHLIGHTS
Page 4
4 HIGHLIGHTS Q3 2025/2026 Highlights and results Stable operational business despite challenging market conditions (Q3 2025/2026 vs. Q3 2024/2025) ➢ Rental income decreased by 4.7 MEUR to 48.0 MEUR (down 8%) – predominantly due to assets sales ➢ FFO increased by 4.6 MEUR to 14.5 MEUR (up 46%) mostly due to lower interest cost / FFO per share now at 0.18 EUR (down 24%, but based on significantly higher number of shares post capital increase) Sales activities ➢ Due to overall geopolitical and economical environment Investors are still careful; at the same time, financing conditions have become more restrictive ➢ Sale of 8 properties with an annual rent of 3.2 MEUR signed in December; cash in of 10.2 MEUR in April; transfer of title in May ➢ Sale of 2 properties notarized in June with an annual rent of 1.6 MEUR at 16 MEUR PP Obotritia Capital repayments ➢ Outstanding interest receivable (16 MEUR) due in December 2025 has not been paid by Obotritia ➢ DKR and Obotritia agreed to restructure Obotritia's payment obligation. To this end, Obotritia has issued interest-bearing and secured bonds in July 2026 in an amount equal to the interest receivable. The bonds were subscribed by DKR ➢ Deutsche Konsum has thus obtained a secured and improved creditor position KPIs remain solid / LTV reduced ➢ LTV decreased to 41.1% (30 September 2025: 57.8%) ➢ EPRA NTA (fully diluted) per share 3.64 EUR (30 September 2025: 6.08 EUR); again, based on higher number of shares ➢ EBITDA based ICR 1.6x ➢ Average weighted debt costs at 4.13% (including secured and unsecured debt) Q3 2025/2026 financial results | Deutsche Konsum Real Estate AG
Page 5
5 HIGHLIGHTS Q3 2025/2026 Restructuring Plan Implementation of the restructuring capital increase ➢ Implementation of the restructuring capital increase in Q2. Issued share capital now EUR 109,926,080 ➢ New voting rights (over 5%): VBL (indirect) 60.53%, Obotritia Group/Rolf Elgeti 11.78%, free float 27.69% Realization of the sale volume ➢ Sale volume of approximately MEUR 78 since the beginning of restructuring ➢ Current market conditions result in delays of ongoing transactions Q3 2025/2026 financial results | Deutsche Konsum Real Estate AG
Page 6
6 FINANCIAL KEY FIGURES Business development Q3 2025/2026 financial results | Deutsche Konsum Real Estate AG 52,684 47.985 Q3 2024/2025 Q3 2025/2026 Rental income 9,894 14.463 Q3 2024/2025 Q3 2025/2026 FFO 0.24 0.18 Q3 2024/2025 Q3 2025/2026 FFO per share 998,775 824,193 693,717 30.06.2024 30.06.2025 30.06.2026 Investment properties 7.69 6.71 3.64 30.06.2024 30.06.2025 30.06.2026 EPRA NTA per share (fully diluted) 61.4 55.8 41.1 30.06.2024 30.06.2025 30.06.2026 LTV (k EUR) (k EUR) (k EUR) (EUR) (%) (EUR)
Page 7
7 PROPERTY PORTFOLIO
Page 8
8 Portfolio as of 31/03/2026 (140 properties) PROPERTY PORTFOLIO Property portfolio consists of 140 properties with approx. 884,000 sqm >> Portfolio development: Bavaria Baden-Wurttemberg Hesse Rhineland- Palatinate Northrhine - Westphalia Lower Saxony Schleswig- Holstein Mecklenburg- Pommerania Brandenburg Saxony Saxony- Anhalt Thuringia Notarized sold assets as of 30/06/2026 (2 properties) 30/09/2024 30/09/2025 30/06/2026 Number of properties 167 151 140 Rental space (ksqm) 994 958 884 Total fair value (MEUR) 886.2 786.4 693.7 Fair value per sqm (EUR) 908 859 807 Valuation multiple 12.5x 11.8x 11.8x Total annualized portfolio rent (MEUR) 69.7 67.1 58.7 In-place-rent per sqm per month (EUR) 6.85 6.85 6.82 Vacancy rate (%) 14.0 14.2 18.2 WALT (years) 4.4 4.1 4.0 Q3 2025/2026 financial results | Deutsche Konsum Real Estate AG
Page 9
9 73.2 79.2 69.7 67.1 58.7 30.09.2022 30.09.2023 30.09.2024 30.09.2025 30.06.2026 Annualized rent (MEUR) 11.7 11.7 14.0 14.2 18.2 30.09.2022 30.09.2023 30.09.2024 30.09.2025 30.06.2026 Vacancy (%) 5.2 5.0 4.4 4.1 4.0 30.09.2022 30.09.2023 30.09.2024 30.09.2025 30.06.2026 WALT (years) 378 370 300 271 222 30.09.2022 30.09.2023 30.09.2024 30.09.2025 30.06.2026 Remaining contract rent (MEUR) PROPERTY PORTFOLIO Decrease in annualized rent due to sales; vacancy negatively effected by one tenant insolvency and a non-extended lease Q3 2025/2026 financial results | Deutsche Konsum Real Estate AG
Page 10
10 Tenant group Brands Rent (MEUR) WALT in years Edeka Group 4,0 3,9 Schwarz Group 7,9 5,2 Rewe Group 3,0 4,6 Metro Group 0,9 2,7 ALDI 0,8 4,4 Norma 0,8 2,0 Others 1,0 2,6 Food retail 18,4 4,4 Hellweg 3,7 7,5 Rewe Group 1,6 5,1 Tengelmann Group 1,3 4,0 Others 1,3 4,5 DIY stores 8,0 6,0 Tengelmann Group 1,0 3,1 B.H. Holding GmbH 2,6 2,8 Others 6,8 2,5 Non-food discounters 10,4 2,6 >> Rent contribution by tenant classification (MEUR)1: >> Rent contribution by major tenants1 : TENANT STRUCTURE 68% Rent contribution from non-cyclical tenants (81% including DIY) 1 Annualized rent contribution of the current portfolio (140 properties) 2 Includes e.g. drug stores, bakeries, banks and apartments Non- cyclical rents Food retail Non-food discounters Health sector Other non- cyclical uses2 DIY-stores Other cyclical uses ➢ Cyclical tenants only amount to 19% of all rents (e.g. electronic retail, furniture, textiles, restaurants, cinema theatres) ➢ 86% of rents are CPI-linked which preserves the value of rent cashflows in an inflationary economic environment ➢ 44% of rental contracts over 5 years, average contract term (WALT) as of June 30, 2026: 4.0 years Q3 2025/2026 financial results | Deutsche Konsum Real Estate AG 18,4 10,4 4,6 6,2 8,0 11,0
Page 11
11 FINANCING
Page 12
12 FINANCING Financial KPIs: 30/06/2026 30/09/2025 V. % Total financial debt (loans + bonds), MEUR 311.5 471.1 -27.9 Ø Senior secured debt cost, % p.a. 3.75 3.52 6.5 Ø Total debt cost, % p.a. 4.13 4.46 -7.4 (Net-) LTV (%) 41.1 57.8 -28.9 Average loan maturity (years) 3.6 3.2 12.5 ICR (EBITDA excl. valuation / interest results) 1.6x 0.6x >100 Maturity profile as of 30/06/2026 Q3 2025/2026 financial results | Deutsche Konsum Real Estate AG 0,1 166 31
Page 13
13 FINANCIALS Q3 2025/2026
Page 14
14 k EUR 30/06/2026 30/09/2025 k EUR 30/06/2026 30/09/2025 Assets Equity and liabilities Investment properties 672,745 620,825 Subscribed capital 109,926 50,351 Other non-current assets 768 804 Capital reserves 277,587 218,848 Deferred tax assets - - Other reserves 723 723 Total non-current assets 673,513 621,629 OCI 141 - Other current assets 21,150 20,573 Retained earnings 8,671 34,354 Cash position 21,518 9,069 Total equity 397,049 304,277 Total current assets 42,668 29,642 Bank liabilities 263,933 295,905 Non-current assets held for sale 20,973 165,569 Convertible bonds - 10,800 Corporate bonds 29,955 138,315 Other provisions 4 4 Other liabilities 7,455 7,587 Deferred tax liabilities 2,832 12,174 Total long-term liabilities 304,178 464,785 Bank liabilities 17,645 22,919 Tax provisions 10,006 10,006 Other financial liabilities 8,274 11,703 Total short-term liabilities 35,925 44,628 Liabilities assets held for sale - 3,150 Total assets 737,153 816,841 737,153 816,841 Condensed IFRS balance sheet FINANCIALS Q3 2025/2026 Capital increase, Debt to Equity Swap, Q3 2025/2026 financial results | Deutsche Konsum Real Estate AG
Page 15
15 k EUR 30/06/2026 30/09/2025 Bank loans 281,578 318,824 Convertible bonds - 10,800 Corporate bonds 29,955 138,315 Other short-term borrowings - 3,150 Total financial liabilities 311,533 471,090 - Cash position -21,518 -9,069 - Property management accounts -1,502 -4,319 - Short-term interest-bearing lending -3,096 -3,520 Net debt 285,417 454,182 Investment properties 672,745 620,825 Investment properties held for sale 20,973 165,569 Purchase prices paid into escrow - - Total Properties 693,717 786,394 Net LTV 41.1% 57.8% >> NAV / EPRA NTA per share:>> LTV (loan-to-value): LTV and NAV / EPRA NTA FINANCIALS Q3 2025/2026 k EUR EPRA NAV (undiluted) 30/06/2026 Conversion effects of convertible bonds EPRA NTA (diluted) 30/06/2026 Total equity 397,049 - 397,049 Conversion of convertible bonds - - - Deferred taxes 2,832 - 2,832 NAV 399,882 - 399,882 Number of shares 109,926 - 109,926 NAV per share (EUR) 3.64 3.64 k EUR EPRA NAV (undiluted) 30/09/2025 Conversion effects of convertible bonds EPRA NTA (diluted) 30/09/2025 Total equity 304,277 - 304,277 Conversion of convertible bonds - 10,800 10,800 Deferred taxes 12,174 - 12,174 NAV 316,451 10,800 327,251 Number of shares 50,351 3,509 53,860 NAV per share (EUR) 6.28 6.08 Q3 2025/2026 financial results | Deutsche Konsum Real Estate AG
Page 16
16 k EUR Q3 2025/2026 Q3 2024/2025 % Rental income 47,985 52,684 -8.9 Income from recharged operating costs 16,114 13,017 23.8 Operating expenses -34,916 -35,879 -2.7 Net rental income 29,183 29,821 2.1 Net result from property disposal -3,938 -179 >100 Gains/losses from fair value measurement of investment properties -41,606 -47,217 -11.9 Other operating income 686 122 >100 Personnel expenses -1,574 -1,749 -10.0 Depreciation of other assets -94 -84 12.0 Impairment of receivables -4,030 -2,256 78.6 Other administrative expenses -3,096 -5,894 -43.0 EBIT -24,467 -27,437 -10.8 Interest income 130 349 -62.7 Interest expenses -10,687 -18,739 -43.0 EBT -35,024 -45,827 -23.6 Taxes 9,342 13,216 -29.3 Total period income -25,683 -32,611 -21.2 Earnings per share (undiluted), EUR -0.32 -0.78 -58.9 Earnings per share (diluted), EUR -0.32 -0.68 -53.1 Effect on interest rates due to debt- to-equity swap. Reduced financial liabilities due to amortization. Condensed IFRS income statement FINANCIALS Q3 2025/2026 thereof (k EUR) Q3 2025/2026 Q3 2024/2025 Non-recs -6,472 -8,086 Maintenance -7,096 -8,460 Property / Asset management -5,234 -6,317 Total net operating expenses -18,802 -22,863 Split of net operating costs: Mostly driven by asset sales IFRS P&L effect from deferred tax assets and liabilities Mostly accrual for tenant receivables Q3 2025/2026 financial results | Deutsche Konsum Real Estate AG
Page 17
17 k EUR Q3 2025/2026 Q3 2024/2025 % Total period income -25,683 -32,611 -21.2 +/- Income taxes -9,342 -13,216 -29.3 + Depreciation of other assets 92 84.3 12.0 +/- Gain from revaluation of investment properties 41,606 47,217 -11.9 Net result from property disposal 3,938 179 >100 Non-cash expenses / income 3,967 3,770 5.2 Other non-recurring items -117 4,471 <100 FFO 14,463 9,894 46.2 - Capex -1,434 -4,251 -66.3 aFFO 13,029 5,644 >100 FFO per share (EUR), undiluted1 0.18 0.24 -23.7 FFO per share (EUR), diluted1 0.18 0.22 -17.3 aFFO per share (EUR), undiluted1 0.16 0.13 20.6 aFFO per share (EUR), diluted1 0.16 0.12 30.6 >> FFO/aFFO: 1 On the basis of average number of shares within the period Incl. accrual for tenant receivable FINANCIALS Q3 2025/2026 FFO reconciliation IFRS P&L effect from deferred tax assets and liabilities Q3 2025/2026 financial results | Deutsche Konsum Real Estate AG Net effect of higher income relating to previous periods and lower non-recurring expenses
Page 18
18 Share information
Page 19
19 >> Basic Share Information SHARE INFORMATION >> Shareholder Structure >> Share Price Performance As at 10/08/2026 ISIN DE000A14KRD3 Share price (Xetra, 10 August 2026) EUR 1.37 Symbol DKG Shares outstanding 109,926,080 Share class Bearer shares Stock exchanges XETRA, Frankfurt, Berlin Segment Prime Standard 52w high/low (EUR) 2.41 / 1.11 Market Capitalization EUR 151 million Free Float 24.29% Obotritia Group Rolf Elgeti 11.78% Zerena GmbH 3.40% Versorgungsanstalt des Bundes und der Länder AöR (indirekt) 60.53% Q3 2025/2026 financial results | Deutsche Konsum Real Estate AG
Page 20
20 Financial calendar and IR contact
Page 21
21 >> IR contact: Mareike Kuliberda Marlene-Dietrich-Allee 12b 14482 Potsdam mk@deutsche-konsum.de + 49 (0) 331 740 076 533 >> Financial calendar Date 12/08/2026 Publication of the quarterly statement for the third quarter of 2025/2026 financial year 18/12/2026 Publication of the final annual statements/annual financial report for the financial year 2025/2026 FINANCIAL CALENDAR AND IR CONTACT >> Conferences Date Nov 2026 German Equity Forum Q3 2025/2026 financial results | Deutsche Konsum Real Estate AG