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www.gtcgroup.com S T R O N G F O U N D A T I O N S H1 2026 RESULTS 28 August 2026
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H1 2026 RESULTS 2 www.gtcgroup.com S T R O N G F O U N D A T I O N S CONTENTS Key highlights H1 2026 3 Portfolio 5 Financials 8 Appendices 13
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H1 2026 RESULTS 3 www.gtcgroup.com S T R O N G F O U N D A T I O N S KEY HIGHLIGHTS H1 2026 source: GTC | as of 30 June 2026 I Notes: (1) Includes assets held for sale • Revenues from rental activity +5% YoY to €106.3m in H1 2026 (€101.1m in H1 2025); with underlying LfL 2% YoY (excl. Germany) • Gross margin from operations +10% YoY to €72.7m in H1 2026 (€66.1m in H1 2025) • Adjusted EBITDA +11% YoY to €63.1m in H1 2026 (€56.8m in H1 2025) • Cash flow from operating activities +1% to €45.9m in H1 2026 (€45.4m in H1 2025) • FFO I +4% YoY to €16.9m (€16.2m in H1 2025) with FFO per share at €0.03 in H1 2026 • EPRA NTA stood at €1.93 (PLN 8.27) vs 31 Dec. 2025 • Net LTV at 58.7%¹ (57.0% ¹ as of 31 Dec. 2025) • Occupancy in commercial real estate portfolio at 87% 1 as of 30 June 2026 (87% 1 as of 31 Dec. 2025) • Asset sales progress. The Group sold residential land plots in Budapest, Bucharest and residential units in Germany, with €10m proceeds received in H1 and remaining €16m from these sales expected in Q3’26. In addition, the sale of Avenue Mall in Zagreb was finalized in Q3’26 with ca. €27m in net sales proceeds expected (after repayment of debt and minorities, and net of taxes) €106m €17m 87% 58.7% Revenues from rental activity FFO I Occupancy Net LTV EPRA NTA per share €1.93 (PLN 8.27) 1
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H1 2026 RESULTS 4 www.gtcgroup.com S T R O N G F O U N D A T I O N S CONTENTS Key highlights H1 2026 3 Portfolio 5 Financials 8 Appendices 13
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H1 2026 RESULTS 5 www.gtcgroup.com S T R O N G F O U N D A T I O N S Own use €6m <1% Germany €470m 18% Poland €743m 29% Bucharest €170m 7% Zagreb €107m 4% Budapest €755m 29% Belgrade €133m 5% Sofia €207m 8% GTC OPERATES AND DEVELOPS A DIVERSIFIED PORTFOLIO OF PROPERTY INVESTMENTS Source: GTC | as of 30 June 2026| Note(s): AHFS- assets held for sale; Investment properties exclude right of use under land leases; (1) Includes non -current financial assets; (2) Excludes non -current financial assets; (3) To end of contract INCOME GENERATING PORTFOLIO KEY METRICS TOTAL INVESTMENT PORTFOLIO (BOOK VALUE)(1) + 89% of adjusted total investment portfolio is income generating portfolio + 50% of income generating portfolio is office, 31% is retail and 19% is residential + Active development projects of 5% and land reserves of 4% of total investment portfolio + 95% of adjusted total investment portfolio in EU countries + 99% of commercial income generating portfolio green certified or under recertification process Retail 31% Office 50% Residential 19% Commercial Income generating portfolio (incl. AHFS) 72% Residential Income generating portfolio (incl. AHFS) 17% Projects under construction 6% Landbank (incl. AHFS) 4% Own use assets <1% Poland €735m 30% Bucharest €161m 7% Zagreb €98m 4% Budapest €587m 25% Belgrade €90m 4% Sofia €207m 9% Germany €445m 19% ADJUSTED TOTAL INVESTMENT PORTFOLIO (BOOK VALUE) (2) INCOME GENERATING PORTFOLIO (BOOK VALUE) TOTAL GAV €2,591m GAV €2,323m GAV €2,323m TOTAL GAV €2,591m Commercial income generating assets (incl. AHFS) 68% Residential income generating assets (incl. AHFS) 16% Projects under construction 5% Landbank (incl. AHFS) 4% Non-current financial assets 6% Assets for own use <1% TOTAL ASSETS GAV €2,748m 31 Dec. 2025 (incl. AHFS) 30 June 2026 (incl. AHFS) Gross asset value (€m) 2,325 2,323 Office 1,162 1,160 Retail 710 718 Residential 453 445 Lettable area (ths. sqm) 1,046 1,045 Office 517 517 Retail 204 205 Residential 325 323 WAULT (years) (3) 3.6 3.6 Office 3.5 3.5 Retail 3.6 3.7 COMMENTARY
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H1 2026 RESULTS 6 www.gtcgroup.com S T R O N G F O U N D A T I O N S COMMERCIAL PORTFOLIO source: GTC | as of 30 June 2026 | Notes: Includes assets held for sale 28,700 sqm Leasing activity reached in H1 2026 97% 90% 97% 96% 99%99% 91% 90% 95% 99%99% 95% 85% 95% 99% Bulgaria Croatia Hungary Poland Serbia H1 2026 Q1 2026 FY 2025 30 JUNE 2026 OCCUPANCY RATEVS. 31 DECEMBER 2025 96% Occupancy as of 30 June 2026 (96% as of 31 December 2025) 40,700 sqm Leasing activity reached in H1 2026 84% Occupancy as of 30 June 2026 (83% as of 31 December 2025) 91% 100% 89% 76% 86%91% 98% 87% 76% 86%88% 100% 87% 77% 84% Bulgaria Croatia Hungary Poland Romania H1 2026 Q1 2026 FY 2025 RETAIL OFFICE 30 JUNE 2026 OCCUPANCY RATEVS. 31 DECEMBER 2025
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H1 2026 RESULTS 7 www.gtcgroup.com S T R O N G F O U N D A T I O N S CONTENTS Key highlights H1 2026 3 Portfolio 5 Financials 8 Appendices 13
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H1 2026 RESULTS 8 www.gtcgroup.com S T R O N G F O U N D A T I O N S CONSOLIDA TED INCOME ST A TEMENT source: GTC | as of 30 June 2026 CONSOLIDATED GERMANY GROUP EXCL. GERMANY (€m) H1 2025 H1 2026 YoY H1 2025 H1 2026 H1 2025 H1 2026 Revenue from rental activity 101 106 +5% 12 12 89 94 Cost of rental operations (35) (33) -4% (4) (4) (31) (29) Gross margin from operations 66 73 +10% 8 8 58 65 Gross margin from operations % 65% 68% 64% 64% 66% 69% Administration expenses (13) (11) -13% Selling expenses (1) (1) -45% Other income/ (expenses), net 1 (1) - EBITDA 54 60 +12% Adjusted EBITDA 57 63 +11% Profit/(loss) from revaluation of assets (14) (22) Profit/(loss) from continuing operations before tax and finance income / (cost) 40 37 Finance cost, net (36) (45) +26% Taxation (4) (10) +161% Profit/(loss) for the period 0.5 (18) - 1 + The increase was driven mainly by higher rents in SEE and Polish malls and in office sector in Hungary and Poland. Overall, the Group notes a 2% like- for-like rental gain in H1 2026 compared to H1 2025 (excl. Germany) + The decrease was realized mainly in Poland in Hungary operations, as well as in Belgrade and Zagreb + Solid gains in gross margin in key countries (Poland +22%, Serbia +10%, Hungary +5%), reflecting stronger like-for-like rental performance, lower service charge leakage, and solid control of rental operations costs + The decrease was mainly due to lower personnel expenses and reduction in advisory fees. Administration expenses in H1 2026 included €2m of costs considered as non-recurring + The loss in H1 2026 was mainly driven by negative fair value adjustments in certain offices in Hungary and Polandand residential portfolio in Germany, partially offset by positive fair value adjustments in malls in Poland and Bulgaria + The increase was driven by interest on newly issued €455m 6.5% interest secured Eurobonds which was charged in addition to interest on remaining €299m of old unsecured Eurobondsuntil thier repayment in March, higher interest costs on refinanced facilities and new loans 1 COMMENTS 2 2 5 4 5 6 4 6 CONSOLIDATED RESULTS 3 3
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H1 2026 RESULTS 9 www.gtcgroup.com S T R O N G F O U N D A T I O N S CONSOLIDA TED CASH FLOW source: GTC | as of 30 June 2026 (€m) H1 2025 H1 2026 Operating activities Operating cash before working capital changes 54 58 Add / deduct: Change in working capital (3) (9) Tax (6) (3) Cash flow from operating activities 45 46 Investing activities Investment in real estate and related (52) (40) Sale of investment (incl. VAT) 89 8 Change in deposits - 239 Payment for the option (minority shares) (4) Advances for sale (property) - 1 Cash flow from investing activities 33 209 Financing activity Proceeds from long term borrowings net of cost - 46 Repayment of long-term borrowings (16) (336) Blocked deposits (3) 9 Other financial movements 1 (1) Net interest paid (34) (45) Dividend/loan paid to non-controlling interest (1) (1) Cash flow used in financing activities (53) (328) Net change 25 (73) Cash at the beginning of the period(incl. AHFS) 55 107 Cash at the end of the period(incl. AHFS) 80 34 The increase is driven largely by better operating cash flow before working capital items and lower tax paid Relates mainly to capex fit out on existing properties with assets under construction cost of approx €15m Sale of part of residential landbankand residential units Proceeds from a new loan on Galeria Północna and loan for refinancing Vaci Greens D project Mainly due to the repayment of GTC Aurora bonds and scheduled amortisation of bank loans. An increase reflects higher cost of completed refinancings, costs of redeemed unsecured GTC Aurora bonds which was typically paid in Q2 as well as payment of interest on new Eurobonds issued in October 2025 1 2 2 3 COMMENTS 5 4 3 1 5 CONSOLIDATED RESULTS 4 6 6 H1 2026 (€m) Repayment of GTC Aurora bonds 299 Repayment of loans in Hungary 28 Repayment of loans in Poland 5 Repayment of loans in Germany 4 TOTAL 336
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H1 2026 RESULTS 10 www.gtcgroup.com S T R O N G F O U N D A T I O N S Common equity 987 978 Minorities 48 45 Short term financial debt 889 347 Long term financial debt 1,025 1,290 Derivatives 21 2 Lease liability 36 36 Liabilities for put options on non-controlling interests and other long term payables 25 24 Provision for deferred tax liabilities 128 135 Other liabilities 109 95 Total equity and liabilities 3,268 2,952 CONSOLIDA TED ST A TEMENT OF FINANCIAL POSITION source: GTC | as of 30 June 2026 (€m) 31 Dec. 2025 30 June 2026 Investment properties 2,575 2,467 Residential landbank 29 17 Assets held for sale 20 135 Loan granted to non-controlling interest partner 11 11 Deposits 290 43 Cash & cash equivalents 107 34 Cash on escrow accounts 17 13 Non-current financial assets 156 157 Prepayments and other receivables 17 26 Other assets 46 49 Total assets 3,268 2,952 1 + Mainly as a result of reclassification of Avenue Mall, Avenue Centre, a few projects from German portfolio and land in Romania to assets held for sale partly offset by capitalised expenditures on properties under construction (mainly CP III) and positive fair value adjustments in malls in Poland and Bulgaria. + Includes Avenue Mall & Avenue Centre, Artico office building, a few projects from German portfolio and land in Romania + Mainly as a result of the utilization of escrow balances to finance the repayment of GTC Aurora bonds, with the remaining deposits primarily reflecting tenant deposits and other restricted balances + Primarily due to repayments of the remaining senior unsecured notes issued by GTC Aurora + Includes contractually binding amounts set aside for pipeline development costs in Hungary + Decline in short term debt mainly from the repayment of remaining €299m outstanding unsecured Eurobonds and the extension or refinancing of certain facilities as well as the reclassification of debt of nominal principal value of €190 in GTC Paula SARL to the long- term debt. The increase in long term debt from €20m top-up of a loan on Galeria Północna and €26m loan for refinancing Vaci Greens D project 1 4 3 2 2 COMMENTS 4 3 5 5 CONSOLIDATED RESULTS 6 6 6
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H1 2026 RESULTS 11 www.gtcgroup.com S T R O N G F O U N D A T I O N S OVERVIEW OF KEY CREDIT METRICS . KEY CREDIT METRICS DEBT MATURITY (€m) c. €1.6b total net debt 3.9y Weighted average debt maturity (years) 58.7% Net LTV 5.31% weighted average interest rate 323 127 404 74 3 8 25 25 25 51916 14 15 12 8 58 30 June'27 30 June'28 30 June'29 30 June'30 30 June'31 30 June'32 and beyond 441 347 61 167 629 For 12M ended 39 Senior loans Bonds Regular amortization DEBT SPLIT Secured debt €1,515m 90% Unsecured debt €169m 10% 77% fixed interest rate or hedged TOTAL DEBT €1.68bn (€m) 31 Dec. 2025 30 June 2026 Net debt €1,568m €1,613m Net LTV 57.0% 58.7% Weighted average debt maturity (years) 2.9y 3.9y Unencumbered assets value €600m1 €101m source: GTC | as of 30 June 2026 | Note: (1) security pledges on assets used as collateral on newly issued secured €455 Eurobonds were not yet established as at 31 Dec 2025 In Oct’25 the Group refinanced its existing Eurobonds by issuing new senior secured notes totaling €455m and due in Oct’30 Includes €130m senior loans on German portfolio to be reclassified to long-term debt in Q3’26
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H1 2026 RESULTS 12 www.gtcgroup.com S T R O N G F O U N D A T I O N S CONTENTS Key highlights H1 2026 3 Portfolio 5 Financials 8 Appendices 13
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H1 2026 RESULTS 13 www.gtcgroup.com S T R O N G F O U N D A T I O N S LEADING COMMERCIAL REAL ESTATE PLATFORM source: GTC | as of 30 June 2026 | Note: (1) Mainly includes investment in Ireland (€135m) and Croatia and Slovenia (€1 8m) GTC investments book value (€m) % GLA (ths. sqm) Income generating incl. AFHS (a+b+c) 2,323 85% 1,045 a) Office 1,160 43% 517 b) Retail 718 26% 205 c) Residential 445 16% 323 Non-current financial assets 157 6% - Investment projects under construction 147 5% 54 Commercial landbank incl. AFHS 94 3% - Residential landbank incl. AFHS 21 1% - Assets for own use 6 - Total investments GAV 2,748 100% • High quality core portfolio of 37 office and 6 retail buildings (incl. AFHS) • 100% of leases and rental income €-denominated • Top tier tenants, mostly multinational corporations and leading brands ASSETS LOCATION BY GAV Capital cities outside of Poland, Hungary &Germany 23% Poland 27% Hungary 28% Other¹ 5% Germany 17% TOTAL INVESTMENTS GAV €2,748m TOP TENANTS
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H1 2026 RESULTS 14 www.gtcgroup.com S T R O N G F O U N D A T I O N S OFFICE PORTFOLIO OVERVIEW Sustainable high occupancy of prime office buildings provides solid recurring income LEED 58% BREEAM 40% No certification 1%DGNB 1% 99% assets with green certification or under recertification source: GTC | as of 30 June 2026 | Notes: Includes assets held for sale (Artico in Warsaw and Avenue Center in Zagreb); (1) A ctual average yield defined as in-place rent divided by fair value of asset Zagreb 1% Warsaw 6% Rest of Poland 20% Sofia 10% Budapest 49% Bucharest 14% OFFICE ASSETS OVERVIEW €1,160m GAV 37 buildings 517,000 sqm GLA GREEN CERTIFICATION LOCATION by GAV GAV €1,160m 7.3% Yield (1) OCCUPANCY RATE 92% 93% 93% 94% 93% 95% 90% 88% 84% 84% 82% 83% 84% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026
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H1 2026 RESULTS 15 www.gtcgroup.com S T R O N G F O U N D A T I O N S source: GTC | as of 30 June 2026 | Notes: Includes assets held for sale (Avenue Mall Zagreb); (1) A ctual average yield defined as in-place rent divided by fair value of asset Zagreb 12% Warsaw 32% Częstochowa 28% Sofia 12% Belgrade 13% Budapest 3% RETAIL ASSETS OVERVIEW €718m GAV 6 buildings 205,000 sqm GLA GAV €718m 7.4% (1) Yield GREEN CERTIFICATION LOCATION by GAV RET AIL PORTFOLIO OVERVIEW Landmark shopping centers in local markets OCCUPANCY RATE 90% 89% 95% 94% 95% 96% 95% 95% 96% 96% 96% 96% 96% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026 LEED 57% BREEAM 31% DGNB 12% 100% assets with green certification
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H1 2026 RESULTS 16 www.gtcgroup.com S T R O N G F O U N D A T I O N S RESIDENTIAL PORTFOLIO OVERVIEW source: GTC | as of 30 June 2026 | Note: * Including assets held for sale in the amount of €7.5m and GLA of 5k sqm Kaiserslautern 45% Heidenheim 22% Helmstedt 15% Schöningen 11% Other 6% AHFS 2% RESIDENTIAL ASSETS OVERVIEW GAV €445m LOCATION by GAV OCCUPANCY AVERAGE HEADLINE RENTAL RATE (€/sq m) 83% 85% 86% 86% 86% 84% 84% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 7.0 7.0 7.1 7.1 7.2 7.2 7.2 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 €445m* GAV 323,000* sqm GLA 84%* Occupancy 5,100* residential units
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H1 2026 RESULTS 17 www.gtcgroup.com S T R O N G F O U N D A T I O N S Budapest 84% (office) Berlin 16% (residential) Active development represents 6% and land reserve accounts for 4% of portfolio book value source: GTC | as of 30 June 2026| Note: (1) Includes buildings: Rose Hill Business Campus , Center Point 3 , Andrassy (Budapest) and Elibre. ANDRASSY 3,600 sqm Redevelopment of 3,600 sqm office space Project is on hold and will follow the leasing progress €147m GAV 4 Properties¹ 54,300 sqm GLA Redevelopment of 10,700 sqm office space Only builidng 0 is under construction, the rest is on hold and will follow the leasing progress 2 buildings already completed (4,600 sqm) ROSE HILL BUSINESS CAMPUS 10,700 sqm CENTER POINT 3 36,000 sqm 36,000 sqm new office space Under LEED certification ELIBRE 4,000 sqm Senior housing for rent in Berlin 50 apartments Under construction in compliance with DGNB Gold certification DEVELOPMENT PROJECTS UNDER CONSTRUCTION
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H1 2026 RESULTS 18 www.gtcgroup.com S T R O N G F O U N D A T I O N S GREEN CERTIFICA TION - RET AIL & OFFICE Sustainability is our goal H1 2026 LEED 58% LEED GOLD 56% LEED PLATINUM 2% BREEAM 36% BREEAM IN USE EXCELLENT 31% BREEAM / BREEAM IN USE VERYGOOD 5% DGNB 5% DGNB GOLD 5% We have been recognized for our ESG: • 2023, 2022, 2021 EPRA Sustainability Best Practices Recommendations Silver Award • 2025 EPRA Sustainability Best Practices Recommendations Bronze Award and • 2025 EPRA Sustainability Best Practices Recommendations Most Improved Award • Sustainable Development Competition: GTC’s ESG report received a distinction for the best debut in 2021 Office Retail Total LEED 58% BREEAM 36% No certification <1% DGNB 5% 99% assets with green certification or under recertification GREEN INCOME PRODUCING OFFICE AND RETAIL ASSETS (BOOK VALUE) LEED 57% BREEAM 31% DGNB 12% 100% assets with green certification LEED 58% BREEAM 40% No certification 1%DGNB 1% 99% assets with green certification or under recertification source: GTC | as of 30 June 2026 | Notes: Includes assets held for sale
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H1 2026 RESULTS 19 www.gtcgroup.com S T R O N G F O U N D A T I O N S DEBT AND LTV source: GTC | as of 30 June 2026 (€m) 31 DEC. 2025 30 JUNE 2026 Loans and bonds 1,914 1,637 Deferred debt expenses 51 53 Bank loans and bonds 1,965 1,690 Escrow accounts (17) (13) Cash & cash equivalents & deposits (398) (77) Net debt (incl. escrow accounts) 1,550 1,600 Investment property 2,574 2,467 Residential landbank 29 17 Assets held for sale 20 135 Assets for own use 7 6 Non-current financial assets 156 157 Right of use (35) (34) TOTAL INVESTMENTPORTFOLIO (TOTAL GAV) 2,751 2,748 Net loan to value ratio 57.0% 58.7% Net loan to value ratio adjusted for cash at the escrow account 56.3% 58.2% Weighted average interest rate 4.56% 5.31% 30 June 2026 (€m) Cash & cash equivalents 34 Deposits from tenants 18 DSCR & CAPEX acconts 23 Other 2 TOTAL 77
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H1 2026 RESULTS 20 www.gtcgroup.com S T R O N G F O U N D A T I O N S ESG Corporate governance ESG USEFUL INFORMA TION INVESTOR CONTACT Michał Kuzawiński Director of Investor Relations and Ownership Supervision michal.kuzawinski@gtcgroup.com www.gtcgroup.com HEADQUARTERS 45A Komitetu Obrony Robotników Nothus building 02-146 Warsaw +48 (22) 16 60 700 ir@gtcgroup.com WWW Corporate section IR section
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H1 2026 RESULTS 21 www.gtcgroup.com S T R O N G F O U N D A T I O N S DEFINITIONS (1/2) EPRA NTA means net assets defined as total equity less non-controlling interest, as further adjusted with derivatives (current and non-current and adjusted for derivatives included in assets held for sale, if applicable) and deferred taxation on property TOTAL PROPERTY PORTFOLIO are Owned Property Portfolio (Income Generating Portfolio, investment property land bank, residential land bank (excluding related right of use assets), investment properties under construction and land bank held for sale) and right of use land under perpetual usufruct (including right-of-use assets related to residential land bank and right of use assets related to assets held for sale) TOTAL INVESTMENT PORTFOLIO OR TOTAL GAV are Income Generating Portfolio, investment property land bank, residential land bank, investment properties under construction, land bank held for sale, assets for own use and non-current financial assets. "Adjusted Total Investment Portfolio" or "Adjusted Total GAV" means Total Investment Portfolio excluding non-current financial assets INCOME GENERATING PORTFOLIO means Commercial Income Generating Portfolio and Residential Income Generating Portfolio (German portfolio) COMMERCIAL INCOME GENERATING PORTFOLIO are completed investment properties (in office and retail segments) including the portion of such items classified under assets held for sale AVERAGE YIELD calculated as in-place rent divided by fair value of asset FFO means Adjusted EBITDA less interest (paid)/received net less tax paid in the period; ADJUSTED EBITDA means the consolidated result before tax, finance cost, finance income, foreign exchange differences, depreciation and amortization, gain or loss from revaluation, share- based payments and further adjusted to exclude any items classified as extraordinary, unusual or that are not directly related to core operations of the Group; non-recurring gain, loss or charge
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H1 2026 RESULTS 22 www.gtcgroup.com S T R O N G F O U N D A T I O N S DEFINITIONS (2/2) NET DEBT means long-term and current portion of borrowings plus long-term borrowings’ acquisition costs net of cash and cash equivalents, non-current and current blocked deposits and, if applicable cash and cash equivalents, blocked deposits, and short-term blocked deposits related to assets held for sale and loans related to assets held for sale, net of long-term borrowings’ acquisition costs, if applicable. "Adjusted Net Debt" is calculated as Net Debt adjusted for cash on escrow accounts. NET LOAN TO VALUE RATIO (LTV) means Net Debt divided by Total Investment Portfolio. "Adjusted Net LTV” means Adjusted Net Debt divided by Total Investment Portfolio. AVERAGE COST OF DEBT; WEIGHTED AVERAGE INTEREST RATE (including hedges and excluding liabilities related to assets held for sale) is calculated as a weighted average interest rate of total debt, as adjusted to reflect the impact of contracted interest rate swaps and cross-currency swaps by the Group CONSOLIDATED SECURED LEVERAGE RATIO means in respect of any Measurement Date, the Secured Consolidated Total Indebtedness divided by Consolidated Total Assets; "Secured Consolidated Total Indebtedness" means the sum of long-term portion of secured borrowings and current portion of secured borrowings and, if applicable, borrowings related to assets held for sale and long- term borrowings' acquisitions costs related to such borrowings. "Consolidated Total Assets" means total assets, less right of use of assets (including right of use assets related to residential land bank and assets held for sale). UNENCUMBERED PROPERTIES such amount of the consolidated total properties not pledged as security interest for indebtedness ANNUALIZED INTEREST COVER RATIO the aggregate amount of adjusted EBITDA for the two most recent consecutive semi-annual periods ending on such measurement date divided by the consolidated interest expense for such two semi-annual periods
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H1 2026 RESULTS 23 www.gtcgroup.com S T R O N G F O U N D A T I O N S DISCLAIMER THIS PRESENTATION IS NOT FOR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN. THIS PRESENTATION IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. BY ATTENDING OR VIEWING THIS PRESENTATION, YOU ACKNOWLEDGE AND AGREE TO BE BOUND BY THE FOLLOWING LIMITATIONS AND RESTRICTIONS. This presentation (the ”Presentation”) has been prepared by Globe Trade Centre S.A. (”GTC S.A.”, the “Company”) solely for use by its clients and shareholders or analysts and should not be treated as a part of any an invitation or offer to sell any securities, invest or deal in or a solicitation of an offer to purchase any securities or recommendation to conclude any transaction, in particular with respect to securities of GTC S.A. The information contained in this Presentation is derived from publicly available sources which the Company believes are reliable, but GTC S.A. does not make any representation as to its accuracy or completeness. GTC S.A. shall not be liable for the consequences of any decision made based on information included in this Presentation. The information contained in this Presentation has not been independently verified and is, in any case, subject to changes and modifications. GTC S.A.'s disclosure of the data included in this Presentation is not a breach of law for listed companies, in particular for companies listed on the Warsaw Stock Exchange. The information provided herein was included in current or periodic reports published by GTC S.A. or is additional information that is not required to be reported by the Company as a public company. In no event may the content of this Presentation be construed as any type of explicit or implicit representation or warranty made by GTC S.A. or, its representatives. Likewise, neither GTC S.A. nor any of its representatives shall be liable in any respect whatsoever (whether in negligence or otherwise) for any loss or damage that may arise from the use of this Presentation or of any information contained herein or otherwise arising in connection with this Presentation. The Presentation contains forward-looking statements. All statements other than statements of historical fact included in the Presentation are forward-looking statements. Forward-looking statements give the Company’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the Company’s actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which it will operate in the future. The Company makes no representation, warranty or prediction that the factors anticipated in such forward-looking statements will be present, and such forward-looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely or typical scenario. The forward looking statements included in this Presentation does not constitute profit forecast or estimates. GTC S.A. does not undertake to publish any updates, modifications or revisions of the information, data or statements, including any forward‐looking statements, contained herein should there be any change in the strategy or intentions of GTC S.A., or should facts or events occur that affect GTC S.A.'s strategy or intentions, or any change in events, conditions or circumstances on which the forward‐looking statements are based, unless such reporting obligations arises under the applicable laws and regulations. GTC S.A. hereby informs persons viewing this Presentation that the only source of reliable data describing GTC S.A.'s financial results, forecasts, events or indexes are current or periodic reports submitted by GTC S.A. in satisfaction of its disclosure obligation under Polish law. This presentation does not constitute or form part of and should not be construed as, an offer to sell, or the solicitation or invitation of any offer to buy or subscribe for or underwrite or otherwise acquire, any securities of GTC S.A., any holding company or any of its subsidiaries in any jurisdiction or any other person, nor an inducement to enter into any investment activity. In particular, this presentation does not constitute an offer of securities for sale into the United States. No securities of GTC S.A. have been or will be registered under the U.S. Securities Act, or with any securities regulatory authority of any State or other jurisdiction in the United States, and may not be offered or sold within the United States, absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933, as amended, and applicable state laws. The distribution of this presentation and related information may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Note: Due to rounding, numbers presented throughout the Presentation may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.