Self Storage Group

Quarterly Report • Nov 1, 2022

Self Storage Group ASA Third quarter 2022

1 November 2022

FINANCIALS Q3 2022

SELF STORAGE GROUP AT A GLANCE

182 600 m²

3

Countries

Current lettable area

39 200 m²

133

Facilities

Lettable area under development

30 400

Storage rooms

221 800 m² Total lettable area

As of 30 September 2022

GROUP HIGHLIGHTS Q3 2022

The third quarter continued the strong and positive operational development for the company with solid organic revenue- and EBITDA-growth, and with revenue exceeding NOK 100 million for the first time. Demand is strong and occupancy for mature facilities is above target level. There has been a yield expansion in the property market during the quarter driven by rising interest rates. As a consequence, the Group's independent appraiser has estimated a change to the fair value of the Group's freehold investment properties of NOK -121.4 million in the third quarter. This is a non-cash P&L charge and there are no other negative elements impacting the valuation of the portfolio.

• All time high revenues of NOK 101.9 million, up 10% from NOK 92.8 million in Q3 2021
• All time high EBITDA of NOK 60.5 million, up 4% from NOK 58.2 million in Q3 2021
• Profit before tax of NOK -87.7 million, compared to NOK 38.8 million in Q3 2021
• Average occupancy for sites with more than 12 months of operation of 90.4% (91.6%) and above SSG's target of 90% with an average rent per m² of NOK 2 356 per year (NOK 2 321)
• Acquisition of three properties in Norway, one in Denmark, and initiated organic growth in Sweden with the signed agreement to acquire a property in Trollhätten
• Opening of 2 100 m² CLA in the quarter and following plan of opening 15 000+ m² CLA during 2022

KEY PERFORMANCE INDICATORS – THIRD QUARTER 2022

	Facilities 30.09.	CLA 30.09.	Mature CLA Q3	Occupancy Q3	Average rent Q3
2022	133	182 600 m2	167 700 m2	90.4%*	2 356 NOK pr m2 *
2021	126	165 300 m2	160 000 m2	91.6%*	2 321 NOK pr m2 *
	+7	+17 300 m2	+7 700 m2	-1.2%*	+35 NOK pr m2*

Performance Like-for-Like (L-f-L) facilities with comparable m² in Q3 22 and Q3 21**

* Average occupancy and rent price pr m² for the quarter for all sites with more than 12 months of operation, expansions are included

DEVELOPMENT IN CAPACITY, OCCUPANCY AND RENT

• Demand is strong and occupancy has remained at high levels across all segments
• Average rent has increased in OKM and in CSS Sweden and CSS Denmark in constant exchange rate comparison 3) , but is below 2021-levels in CSS N due to expansions of lettable area on facilities already opened with opening discounts and large facilities using more than 12 months to fill up

1) Average occupancy and rent per m² per year for sites with more than 12 months of operation in NOK, expansions are included

2) Like-for-like=Facilities with same CLA in Q3 22 as in Q3 21 +/- 50 m²

3) Exchange rate for Q3 2022 applied for average rent in Q3 2021 for CSS Sweden and CSS Denmark

KEY FIGURES – THIRD QUARTER 2022

(NOK million)

KEY FIGURES Q3

			Q3 22 change
	Q3 22	Q3 21	Q3 21
Revenue	101.9	92.8	+9.1
Lease expenses	-4.0	-4.2	+0.2
Property-related expenses	-15.8	-10.2	-5.7
Salary and other employee benefits	-10.6	-10.2	-0.4
Other operating expenses	-11.0	-10.1	-0.9
EBITDA	60.5	58.2	+2.3
EBITDA-margin	59.3%	62.7%

• Revenue up 10% since Q3 2021

• Property related expenses impacted by growth in lettable area and number of facilities in the portfolio. In addition, costs to electricity and heating have increased following extreme pricedevelopment in the power market compared to one year earlier. Costs to planned maintenance and upgrading have been at a higher level during the summer compared with 2021.
• Increase in salary and other employee benefits is related to annual wage increases
• Increased focus on branding, IT and organizational development to level up the scalable platform for future growth impacts other operating expenses. A new ERP-system integrated with the CRM-system is under implementation.

STEADY GROWTH IN SHARE OF FREEHOLD PORTFOLIO

83 500 82 000 81 900 88 500 85 000 81 000 79 800 ^{10 300 21 700 35 100 49 000 63 200 90 800 102 800} 0 50 000 100 000 150 000 200 000 31.12.16 31.12.17 31.12.18 31.12.19 31.12.20 31.12.21 30.09.22 CLA m2 Leasehold Freehold 13%

• SSG's strategy is to expand its freehold facility base
• 56% of current lettable area in operation at the end of September 2022 was freehold
• Freehold m² has increased by 13% during the first nine months of 2022
• SSG will develop 15 000 m²+ lettable area in 2022
• SSG is aiming to accelerate development growth in 2023 with a projected addition of 20 000 m² + lettable area

DEVELOPMENT IN SHARE OF FREEHOLD FACILITIES SPLIT FREEHOLD/LEASEHOLD PER CONCEPT

30.09.2022 m2	Current lettable area	Under development	Total lettable area
Freehold facilities	102 800	39 100	141 900
Leased facilities	79 800	100	79 900
SUM	182 600	39 200	221 800

FREEHOLD INVESTMENT PROPERTY AS OF 30.09.2022

• 188 200 m²gross area freehold property + 19 500 m²gross area land for containers
• Approximately 65-70% of gross area is utilized as lettable area
• Intra group lease agreements at commercial terms
• External valuations are reviewed on a quarterly basis
• In the third quarter of 2022, there was a yield expansion in the property market, resulting in a change in fair value of NOK -121.4 million

Freehold portfolio Total freehold property of 2 478 MNOK

Gross area pr region and yield1) as of 31.12.21

Development change in fair value over P&L

CURRENT LETTABLE AREA OF 182 600 M²AS OF 30.9.2022 – 39 200 M² IN PIPELINE

39 200 M² IN POTENTIAL LETTABLE AREA

• The potential m²is mainly in freehold facilities in Norway
• Rent income from expiring lease contracts from 12 300 m²of the 39 200 m²not yet built into self-storage units
• Plan to open 15 000+ m²during 2022 and accelerate growth to 20 000+ m²in 2023 (organic)

Area with other rentals	11 600	700	12 300
Sum	31 700	7 500	39 200
Expansions	23 400	3 900	27 300
New facilities	8 300	3 600	11 900
	CSS	OKM	Total SSG

Current lettable area pr region1) Lettable area under development1)

REVENUE DYNAMICS Q3 2022

1) Average occupancy and rent pr m² for sites with more than 12 months of operation in NOK

STRONG BALANCE SHEET PROVIDES FLEXIBILITY FOR FUTURE GROWTH

30.9.2022

Total assets	NOK 3 569 million
Total equity	NOK 1 820 million Equity ratio 51%
Freehold investment property	NOK 2 478 million Including 39 200 m2 not yet opened
Interest bearing dept	170 bps margin NOK 1 005 million 75% fixed by interest rate swaps
Loan to value	41% Covenant <60%
Cash	NOK 185 million + Undrawn RCF of NOK 145 million

Strong pipeline already in the balance coupled with low LTV, predictable financial costs and solid cash-position provides a solid foundation for further profitable growth and expansion

BUSINESS DEVELOPMENT Q3 2022

SELF STORAGE GROUP AT A GLANCE

182 600 m²

3

Countries

Current lettable area

39 200 m²

133

Facilities

Lettable area under development

30 400

Storage rooms

221 800 m² Total lettable area

As of 30 September 2022

UNTAPPED POTENTIAL FOR SELF STORAGE IN SCANDINAVIA

Scandinavia lagging in terms of self storage space per capita (sq.m.)

• Significant untapped potential in the Scandinavian countries
• Awareness of self storage is still low in Scandinavia
• The self storage market is growing across all of Europe
• Urbanization is driving growth
• New building standards in Norway require less storage space

THE SCANDINAVIAN SELF STORAGE MARKET AT A GLANCE

Source: Company information and FEDESSA European Self Storage Survey 2022 as of June 2022

SSG CONSISTS OF TWO DISTINCT BUSINESS CONCEPTS

City Self-Storage OK Minilager

High-end brand providing self-storage rental and ancillary products and services in Scandinavia's larger cities

• 501) temperate storage facilities across Scandinavia
• One of the leading self-storage providers in the Scandinavian market
• Located in Greater-Oslo, Stavanger, Trondheim, Stockholm, Copenhagen and the Jutland area in Denmark

• 113 200 m² CLA (53 400 m² is freehold)

• 1) As of 30 September 2022

• 2) According to revenue

Countrywide, discount-priced offering of selfserviced storage facilities in Norway

• 831) facilities located across Norway
• 50 temperate storage facilities and 29 drive-in storage facilities
• 2 nd largest player in Norway, behind CSS²
• Self service, open 24 hr/day and 7 days a week
• 69 400 m² CLA (49 400 m² is freehold)

A LARGE, DIVERSIFIED AND INCREASINGLY LOYAL CUSTOMER BASE SECURING STABLE INCOME STREAMS

• Refurbishment
• Archived records
• Last mile storage
• Other

▪ Refurbishment ▪ Downsizing ▪ Need for additional storage ▪ Student storage

▪ Other

1) The numbers are approximate

• 2) Average rental time is longer than 12 months as customers who have not yet terminated the lease is not included in the average
• 3) The data is based on customer surveys on selected facilities 4) The Trustscore is an average for City Self-Storage and OK Minilager

A DIGITAL CUSTOMER JOURNEY

• SSG's digital business model is highly scalable
• A fully digitalized customer journey
• An online booking platform with e-signing (BankID) and integrated credit check
• App-based access system
• Self-Service portal and Omni-channel service
• Webshop for moving and storage products
• New and improved websites have been launched the past year
• SSG will continue to innovate with leading IT-systems

FOUR NEW PROPERTY ACQUISITIONS IN THE 3RD QUARTER

Gardermoen 1. Gardermoen

• New building
• Location with a large catchment area, close to Oslo Airport
• Potential total CLA of 1 050 m²
• The facility is projected to open in Q4 2022 and will be operated under the OK minilager brand

2. Stange

• New building
• Located just south of Hamar and close to the E6 highway
• Potential total CLA of 600 m²
• The facility is projected to open in Q4 2022 and will be operated under the OK minilager brand

FOUR NEW PROPERTY ACQUISITIONS IN THE 3RD QUARTER

Gardermoen 3. Knarvik

• Land plot for development
• Located north of Bergen, Norway´s 2nd largest city
• Potential total CLA of 1 200m²
• The facility is projected to open in Q2 2023 and will be operated under the OK minilager brand.

4. Esbjerg

• Conversion project
• Esbjerg is Denmark´s 5th largest city
• Potential total CLA of 900 m²
• The facility is projected to open in Q1 2023 and will be operated under the City Self Storage brand

DEVELOPMENT PIPELINE

Selected conversion/expansion projects

Facility	Location	Status	Remaining CLA potential1
Oslo Persveien 28	Highly-visible property in a larger development area	Estimated to open in Q1 2023	2 500 m2
Oslo General Birchs gate 16	Close to the city centre of Oslo with a significant catchment area	Permission to convert parking space into self storage is granted. Conversion will be done in phases. First phase estimated to open in Q1 2023	3 800 m2 (1)
Asker Billingstadsletta 91	Neighbouring property to our existing facility at Nesbru in Asker	Permission to convert the property into self storage is granted. Estimated to open first phase in Q1 2023	3 150 m2 (1)

(1) The potential lettable area will be opened in phases, and only a part of the remaining potential will open in 2023

DEVELOPMENT PIPELINE

Greenfield development projects

Facility	Location	Status	Potential total CLA	Concept
Skien Rødmyrjordet 3	Central location at Rødmyr, a larger commercial area in Grenland	Development in progress. The facility is projected to open in Q2 2023	3 100 m(1)
Kristiansand Travparkveien	Located in Sørlandsparken, one of the largest commercial areas in Norway. Close to highway E 18.	The building permission process is initiated . The facility is projected to open in 2023	2 400 m2
Sarpsborg Kampenesmosen	Located east of Sarpsborg city centre, close to road 22	The building permission process is initiated. The facility is projected to open in Q3 2023	2 000 m2
Knarvik Rosslandsvegen	Located in Knarvik, 30 minutes north of Bergen	Development in progress. The facility is projected to open in Q2 2023	1 100 m2

THE SIGNED ACQUISITION OF THE PROPERTY IN TROLLHATTAN MARKS THE START OF SSG`S ORGANIC GROWTH PLANS IN SWEDEN

• The acquisition of a property in Trollhättan, Sweden, which was signed in the 3rd quarter, will be the Group´s first freehold investment in Sweden
• The property in Trollhättan has a potential lettable area of 1 300 m²and the facility is projected to open in Q2 2023
• SSG is planning to grow the footprint in Sweden in both large and smaller markets, based on the Group´s existing Swedish platform
• In Q1 2023, a leasehold facility at Gärdet in Sweden with a CLA of 3 300 m²will be discontinued

SSG IS WELL POSITIONED IN AN INFLATIONARY ENVIROMENT

Benefits in the business model and the large install base

• SSG´s rent levels are positioned to outpace cost inflation
• A high margin business model cost inflation is less material than the benefit to the top line
• Some construction / input cost sensitivity on new developments
• SSG has implemented several cost saving measures on projects to partially offset delays and increased cost of fit-out
• New developments, while still a significant growth driver, are only a fraction of overall business given large install base
• Fit out costs where we're seeing the largest effects from inflation, have only a small impact on new project costs (ie 10-15% of total project budget)

A SUSTAINABLE BUSINESS MODEL

SSG has a low carbon footprint – but there is still room for improvement

Greenhouse gas emissions	GHG emissions intensity	2021
GHG Scope 1 Emissions (annual tonnes CO2e)	Direct	54.1
GHG Scope 2 Emissions (annual tonnes CO2e)	Indirect/location based	84.3
GHG Scope 3 Emissions (annual tonnes CO2e)	Indirect	8.1
GHG Scope 1 and 2 location based (kg CO2e /CLA /year)		0.8

• We aim to be part of the circular economy: we enable our customers to take care of their belongings instead of throwing and later buy new, thus reducing consumption
• SSG converts vacant buildings into self-storage, extending the buildings life
• Our greenfield projects are built according to strict Nordic building regulations
• SSG has limited energy-consumption with a focus on reducing the use of electricity per square meter even further, and most of the electricity used by SSG is from electricity documented 100% renewable with 0 CO² emission
• We have a focus on working conditions for our employees, customers and other stakeholders
• We offer rental products for the moving process, reducing the need for each customer to acquire equipment when they are moving and storing

SSG HAS A STRONG PLATFORM FOR FUTURE GROWTH

STRATEGIC SUMMARY

• Keep occupancy target at 90% and optimize rent levels to outpace inflation
• Continue to include sustainability as an integrated part of the business
• Lean operations, self-service and great customer experiences
• Investments in CRM, automation and digital platforms
• Strengthen our market leading position in Norway even further
• Grow our freehold portfolio in selected urban markets
• Grow organically in Sweden and Denmark
• Looking to selectively acquire existing self-storage providers across the Nordics

Disclaimer

The information included in this Presentation contains certain forward-looking statements that address activities, events or developments that Self Storage Group ASA ("the company") expects, projects, believes or anticipates will or may occur in the future. These statements are based on various assumptions made by the Company, which are beyond its control and are subject to certain additional risks and uncertainties. The Company is subject to a large number of risk factors including but not limited to economic and market conditions in the geographic areas and markets in which Self Storage Group is or will be operating, counterpart risk, interest rates, access to financing, fluctuations in currency exchange rates, and changes in governmental regulations. For a further description of other relevant risk factors, we refer to the Annual Report for 2021 for Self Storage Group and updated risk evaluation in the interim report for Q3 2022. As a result of these and other risk factors, actual events and our actual results may differ materially from those indicated in or implied by such forward-looking statements. The reservation is also made that inaccuracies or mistakes may occur in the information given above about current status of the Company or its business. Any reliance on the information above is at the risk of the reader, and Self Storage Group disclaims any and all liability in this respect.

Self Storage Group ASA Karenslyst Allé 2

0278 Oslo Norway

Contact info:

Cecilie Brænd Hekneby (CFO) +47 992 93 826 cehe@selfstoragegroup.no

Appendix

	Holding	%	Name	Country
1	27 256 085	28,8 %	1) UBS Switzerland AG	Switzerland
2	8 565 000	9,0 %	FABIAN HOLDING AS	Norway
3	5 565 000	5,9 %	GSS INVEST AS	Norway
4	5 085 778	5,4 %	VERDIPAPIRFONDET ODIN EIENDOM	Norway
5	4 134 560	4,4 %	J.P. Morgan SE	Sweden
6	4 133 214	4,4 %	J.P. Morgan Securities LLC	United States
7	3 225 402	3,4 %	SKAGEN M2 VERDIPAPIRFOND	Norway
8	3 009 606	3,2 %	SOLE ACTIVE AS	Norway
9	2 729 686	2,9 %	BNP Paribas	Luxembourg
10	2 600 000	2,7 %	FIRST RISK CAPITAL AS	Norway
11	2 388 255	2,5 %	HSBC Bank Plc	United Kingdom
12	2 000 000	2,1 %	VERDIPAPIRFONDET HOLBERG NORGE	Norway
13	1 843 253	1,9 %	Danske Invest Norge Vekst	Norway
14	1 449 756	1,5 %	BNP Paribas	Luxembourg
15	1 391 183	1,5 %	The Bank of New York Mellon	Canada
16	1 220 872	1,3 %	State Street Bank and Trust Comp	United States
17	1 202 673	1,3 %	BNP Paribas	France
18	1 155 635	1,2 %	MUSTAD INDUSTRIER AS	Norway
19	1 016 072	1,1 %	Brown Brothers Harriman & Co.	United States
20	896 786	0,9 %	CACEIS Bank	France
	80 868 816	85,4 %

Total number of shares: 94 678 584

As of 31 October 2022

1) Alta Lux Holdco S.a.r.l/Centerbridge Partners

Largest shareholders Share development last 12 months

Shareholder structure

DEVELOPMENT IN OCCUPANCY & AVERAGE RENT PER MONTH

Development in occupancy*

Development in average rent per year*

| 34

1) Average occupancy and rent pr m² for sites with more than 12 months of operation in NOK

EBITDA-DEVELOPMENT

(NOK million)

BRIDGE Q3 2021-Q3 2022

PROFIT BEFORE TAX DEVELOPMENT

(NOK million)

BRIDGE Q3 2021-Q3 2022

HISTORICAL REVENUE AND ADJUSTED EBITDA-DEVELOPMENT

(NOK million)

Q1 2020-Q3 2022

Revenue Adjusted EBITDA

| 37

THIRD QUARTER 2022 COMPREHENSIVE INCOME

(Amounts in NOK 1 000)	Note	Unaudited months ended 30 September 2022	Unaudited For the three For the three months ended 30 September 2021	Unaudited For the nine months ended 30 September 2022	Unaudited For the nine months ended 30 2021	Audited For the year ended September 31 December 2021
Revenue	3	101 911	92 848	291 743	255 437	346 075
Lease expenses	3,8	$-4001$	$-4189$	$-11574$	$-9364$	$-13250$
Property-related expenses	3	$-15844$	$-10153$	$-42921$	$-29744$	$-44414$
Salary and other employee benefits	3	$-10626$	$-10235$	$-35646$	$-31563$	$-44115$
Depreciation		$-5365$	$-4416$	$-14910$	$-12154$	$-16863$
Other operating expenses	3	$-10983$	$-100080$	$-30539$	$-30394$	$-41373$
Operating profit before fair value adjustments		55092	53775	156 153	142 218	186 060
Change in fair value of freehold investment property	5	$-121411$	1650	$-116962$	17537	319 996
Change in fair value of leasehold investment property	5.8	$-12302$	$-12225$	$-37122$	$-34251$	$-46356$
Operating profit after fair value adjustments		$-78621$	43200	2069	125 504	459700
Finance income	9	7711	7661	54 842	25 900	36 273
Finance expense	7,8,9	$-16774$	$-12067$	$-57038$	-40 859	$-55357$
Profit before tax		$-87684$	38794	- 127	110 545	440 616
Income tax expense		18704	$-9109$	$-669$	$-23275$	$-92015$
Profit for the period		$-68980$	29 685	$-796$	87 270	348 601
Total adjustments					$-3416$	$-3416$

Profit and loss statement Comments

• Revenue for Q3 2022 was NOK 101.9 million, up from NOK 92.8 million in Q3 2021. The increase is related to the growth in lettable area and rentals
• Operating profit before fair value adjustments in Q3 2022 of NOK 55.1 million, an increase of NOK 1.3 million compared to Q3 2021. The growth in lettable area and rentals in addition to increased costs to electricity and heating, planned maintenance and branding and organizational development impact the figures.
• There are no non-recurring items in Q3 2022 and Q3 2021
• The fair value of investment property is based on external valuations for freehold investment property and value adjustment due to passage of time for leasehold investment property. Following yield expansion in the property market change in fair value of freehold investment property amounts to NOK -121.4 million (non-cash) in the third quarter.

30 SEPTEMBER 2022 – FINANCIAL POSITION

Financial position Comments

Amounts in NOK 1 000)		Unaudited	Audited	(Amounts in NOK 1 000)		Unaudited	Audited
ASSETS		30 September 31 December 2022	2021	EQUITY AND LIABILITIES		30 September 31 December 2022	2021
Non-current assets	Note			Equity
Freehold investment property	5	2478460		2422 368 Issued share capital	6	9467	9467
easehold investment property.	5.8	438 132		444 253 Share premium		1 082 657	1 082 657
Property, plant and equipment	8	190 369		162 615 Currency translation reserve		14 905	$-1811$
Soodwill		187 442		187 330 Retained earnings		712 805	713 601
Financial instruments		47 977		14 160 Total equity		1819834	1803914
Other intangible assets		3 3 7 8		1 220 LIABILITIES
Total non-current assets		3 3 4 5 7 9 5		3 232 037 Non-current liabilities
Current assets				Non-current interest-bearing debt	7	851 347	892 626
nventories		1475		1.857 Non-current lease liabilities	7.8	420 126	422 479
Trade and other receivables		14768		17 140 Other financial liabilities		476	320
Other current assets		22 300		25 668 Deferred tax liabilities		182 641	196 745
Cash and bank deposits		184791		214 746 Total non-current liabilities		1454590	1 512 170
Total current assets		223 334		259 411 Current liabilities
TOTAL ASSETS		3 5 6 9 1 2 9		3 491 448 Current interest-bearing debt	7	153 526	51 644
				Current lease liabilities	7.8	45 948	46 192
				Trade and other payables		28 010	12 804
				Income tax payable		14 641	10478
				Other taxes and withholdings		7451	6713
				Other current liabilities		45 1 29	47 533
				Total current liabilities		294 705	175 364
				Total liabilities		1749 295	1687 534

• Total assets of NOK 3 569 million
• Freehold investment property increased with NOK 56.1 million and leasehold investment property decreased with NOK 6.1 million since 31 December 2021
• Cash and bank deposits decreased with NOK 30.0 million since 31 December 2021, mainly due to acquisition of subsidiaries and investment property
• Increased equity through result for the period
• Interest-bearing debt less cash was NOK -820.1 million in the balance as of 30 September 2022. Obligations under financial lease decreased with NOK 2.6 million due to one option assessed reasonably certain to exercise and currency differences, mainly offset by lease payments in the first nine months of 2022.
• Equity ratio was 51% 30 September 2022

THIRD QUARTER 2022 – CASH FLOW

Condensed consolidated statement of cash flows

Comments
Operating activities
▪ Strong cash flow
▪ Invoicing of customers in advance – predictable and stable costs
Investing activities
▪ Acquisition of four properties with cash in Q3 2022
▪ Development of properties, additions to existing properties and
fit out new facilities and expansions
▪ Maintenance is posted as property cost
Financing activities
▪ Proceeds from borrowings of NOK 100.0 million
▪ Repayments of borrowings amounting to NOK -19.3 million in
Q3 2022
▪ Payment of lease liabilities and payments of lease classified as
interests amounting to NOK -15.8 million in Q3 2022
SSG's cash position at the end of September 2022 was
NOK 184.8 million

OUR HISTORY

1993 •First CSS site established in Norway, investment in "Safe	1998 •Selvaag Group entered into the business and CSS		2009 •OK Minilager was established by Gustav and Fabian Søbak	2016 •External investors invested in OK Minilager	•SSG established •Listed on OSE	2017
Mini Lager" in Sweden	expanded to Denmark 2017	2018	2019	•OK Minilager acquired CSS 2020	2021	20222
Private placements1)	100 MNOK 200 MNOK		250 MNOK		300 MNOK
Acqusition of companies	(9 facilities)	(4 facilities)	(4 facilities)		(5 facilities)
Acqusition of properties	10	11	8	9	9	11

1) Gross proceeds

2) As of September 2022