Cham Swiss Properties

A real estate company with attractive growth potential.

Investor presentation April 2025

Disclaimer

This presentation (the "Presentation") has been prepared by Cham Swiss Properties AG ("Cham Swiss Properties" and together with its subsidiaries (the "Group")) for informational purposes only. The contents of this Presentation, including all statements made therein, are based on estimates, assumptions and other information currently available to the management of the Group.

Certain statements in this Presentation are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements, including, but not limited to, general economic conditions, changes in market conditions, intense competition in the markets in which the Group operates and regulatory developments. Cham Swiss Properties does not undertake any obligation to update or otherwise review its forward-looking statements, whether as a result of new information, future events or otherwise.

In addition, certain financial information included in this Presentation consists of non-Swiss GAAP FER financial and other alternative performance measures and ratios. These non-Swiss GAAP FER financial measures may not be comparable to similarly titled measures presented by other companies, nor should they be construed as an alternative to other financial measures determined in accordance with Swiss GAAP FER.

This Presentation does not constitute an offer or solicitation for the purchase or disposal of, trading or any transaction in any securities of Cham Swiss Properties or the Group in any jurisdiction. Investors must not rely on this Presentation for investment decisions and are solely responsible for forming their own investment decisions. Cham Swiss Properties accepts no liability for the accuracy, completeness or currency of the details provided in this Presentation and is in no respect liable for any indirect or direct losses, liability claims, costs, receivables, expenses or damages of any kind that may arise from, or are connected to, the use of any or all of the information contained therein.

Cham Swiss Properties A unique real estate company

Cham Swiss Properties was formed from the merger of Ina Invest and Cham Group. It has a high-quality portfolio of properties in prime locations worth CHF 1.6 billion, making it one of the top 10 listed real estate companies in Switzerland.

Cham Swiss Properties is a convincing business case. Through project realization, the portfolio will double to CHF 3 billion by 2032 and rental income will quadruple to over CHF 100 million.

The strong balance sheet with a high equity ratio, combined with the attractive development pipeline, offers flexibility. The three-billion-franc portfolio can be realized without capital increases.

Cham Swiss Properties views sustainability as a competitive advantage and aims to maintain and develop one of the most sustainable real estate portfolios in Switzerland.

Cham Swiss Properties pursues ambitious financial targets and a shareholder-friendly dividend policy.

Cham Swiss Properties is led by an experienced management team.

On the way to becoming one of the top 5 real estate companies in Switzerland

The project portfolio has high development potential.

After completion of the projects, the portfolio will amount to around CHF 3 billion.

Thanks to the strong equity base, the company can reach this size on its own power, without capital increases.

Cham Swiss Properties will become one of the top 5 listed real estate companies in Switzerland.

High-quality portfolio First-class locations and high object quality

Excellent location quality thanks to concentration on the economically strongest metropolitan regions in Switzerland: Basel, western Switzerland (Geneva, Lausanne), central Switzerland (Baar, Cham), Zurich (Winterthur, Zurich).

High-quality portfolio Highlights in the property portfolio – Papieri site development, Cham

A lively quarter in the centre of Cham

Site area: approx. 11 hectares
Utilisation rate: around 1.4
Total floor area: 170,000 m²
Share of residential properties: around 75% → approx. 1,000 flats, 100 of which are affordable
Share of commercial properties: around 25% → approx. 1,000 workplaces
Phase 1 and 2 completed, phase 3 under construction, phases 4 and 5 in planning
Expected rental income after completion: around CHF 40 million

High-quality portfolio Highlights in the property portfolio – Pavatex site development, Cham

Pavatex-North (approx. 17,700 m² )

Development plan for commercial areas approved in 2022
Interim utilization

Pavatex-South (approx. 18,800 m² )

Around 300 flats and a school building for the municipality of Cham
Cooperative process with the municipality
Urban planning competition completed
Rezoning in autumn 2025 as part of the local planning revision into a residential zone or a zone for public use
Referendum on development plan expected in mid-2026
Expected start of construction in 2028/29, completion in 2032

High-quality portfolio Highlights in the property portfolio – Lokstadt site development, Winterthur

High-quality portfolio Highlights in the property portfolio – Bredella site development, Pratteln

Strategy: 70% residential, 30% commercial

Excellent location with access to all modes of transport, right next to Pratteln railway station.
Urban quarter in Pratteln with regional appeal and connection to the village center.
Publicly accessible outdoor spaces and squares with an inviting quality of stay.
Attractive neighborhood with a wide range of options for living, working and leisure.

Bredella West: new train station street Bredella West: Talbach square

Commercial 31% 54,000 (as today)

Residential courtyard Track walk

Reference image Bredella today

High-quality portfolio Highlights in the property portfolio – Unterfeld site development, Baar

Building site 1B: 90 flats

Residential tower with attractive rental apart-ments and views of Lake Zug and the Alps.

Construction site 3: 13,760 m2 commercial space

High-quality portfolio Selection of other properties and projects in the portfolio

Winterthur

Lokstadt, Elefant

Sustainable office building with historic industrial architecture and timber construction

Allschwil

Holiday Inn Express & Suites (BaseLink)

Modern business hotel in an up-andcoming innovation park

Geneva-Lancy

Chemin des Olliquettes

High-quality office building with easily convertible space in a central location

Investment properties

Convincing business case Property portfolio with high proportion of residential properties

In 2024, rental income from investment properties and from interim utilization amounted to CHF 23.6 million.

After completion, the portfolio will have a residential share of around 60%. This guarantees stable rental income of over CHF 100 million and low volatility in the annual value development across economic cycles.

Pro forma figures

as of 31.12.2024

The combination of the attractive development pipeline and the high equity ratio (57.4% as of 31 December 2024) provides flexibility in implementation.

This enables Cham Swiss Properties to realize its development pipeline under the best market conditions.

The target portfolio size of CHF 3 billion by 2032 can be achieved on its own power, without capital increases.

The developments create value through promotion gains and growing, recurring rental income.

Sustainability as a competitive advantage

Highest GRESB rating in Switzerland and pioneering energy system

GRESB rating development properties (Ina Invest)

GRESB rating investment properties (Ina Invest)

Ina Invest's development portfolio achieved the highest GRESB rating in the Swiss market in 2024.

The investment properties have improved to 76 out of a possible 100 points, which underscores the progress made in transforming the portfolio.

The Papieri site offers a completely new basis for an energy-efficient, climate-neutral and sustainable society.

This makes it a pioneering project throughout Switzerland and in 2024 it was awarded the Watt d'Or by the Swiss Federal Office of Energy.

Ambitious financial targets and a shareholder-friendly dividend policy Distribution even during the portfolio's development phase

Financial targets and dividend policy	Equity ratio	Maintaining an equity ratio of at least 45% of the balance sheet to ensure stability, flexibility and the ability to pay dividends.
	Debt financing	Optimization of the capital structure through the targeted use of debt, while taking into account the distribution target.
	Loan-to-value ratio of the property portfolio	Max. 50%. May be exceeded during the development phase.
	Target return on equity	>6%/year on average .
	Dividend policy	At least 1.5% of the net asset value (NAV) up to and including the 2027 financial year and at least 2% thereafter.

Experienced management team

Board of Directors and management with long-standing track record

Board of Directors

Stefan Mächler

Chairman

1960, Swiss, lic. iur. University of St. Gallen, Group Chief Investment Officer, Executive Board Member of Swiss Life

Philipp Buhofer

1959, Swiss, University of Applied Sciences Zurich, independent entrepreneur and BoD member

Christoph Caviezel

1957, Swiss, Dr. iur., University of Fribourg, independent business consultant and BoD member

Annelies Häcki Buhofer

1954, Swiss, PD Dr. phil. I, University of Zurich, Professor emerita of the Department of Linguistics and Literature of the University of Basel, BoD member

Hans Ulrich Meister

1959, Swiss citizen, business degree, University of Applied Sciences Zurich, Advanced Management Program Harvard Business School and Wharton School, BoD Chairman Implenia

William White Head of Asset and Property Management, 1987, Swiss, Swiss

1959, Swiss, Dr. oec. University of St. Gallen, independent business consultant and BoD member

Management

Thomas Aebischer Chief Executive Officer 1978, Swiss citizen, MSc of Sciences. ETH Zurich

Daniel Grab Chief Financial Officer 1987, Swiss citizen, MAS Real Estate Management and MAS Controlling HSLU, Business Economist HFW Zug

Lukas Fehr

Head of Development 1975, Swiss, MSc of Sciences. ETH Zurich, MAS Real Estate, University of Zurich

Roland Regli

Head of Realization 1978, Swiss, BBA FH Technician TS Timber Construction

certified property trustee

Marc Pointet, CEO of Ina Invest, will support the management team during the transition phase as Chief Integration Officer.

Attractive Investment Case

Cham Swiss Properties AG

One of the most attractive and sustainable portfolios in Switzerland with development perspective beyond 2040.

Well-balanced regional distribution in Switzerland's metropolitan centers and a good mix of uses with a high proportion of residential properties.

The portfolio size and financial strength open up new opportunities in portfolio management and enable cost synergies.

Appendix

Appendix I: Share information, financial calendar and contacts

Share information

The shares of Cham Swiss Properties are listed on the SIX Swiss Exchange in accordance with the standard for Real Estate Companies.

Shares issued: 47,478,954 registered shares with a nominal value of CHF 0.03 each.

Accounting standard:	Swiss GAAP FER
ISIN:	CH0524026959
Swiss Security Number (Valor):	52402695
Ticker Symbol:	CHAM

Financial calendar

28 August 2025:	Publication of the Half-Year Result 2025
20 March 2026:	Publication of the Full Year Result 2025
23 April 2026:	Ordinary Annual General Meeting

Contacts for investors, analysts and the financial media

IR and media officers of Cham Swiss Properties AG Edwin van der Geest +41 79 330 55 22 Thomas Balmer +41 79 703 87 28 [email protected]

Share register Computershare Schweiz AG, Olten +41 62 205 77 50 [email protected]

Address

Cham Swiss Properties AG Fabrikstrasse 5 +41 41 508 08 20 CH-6330 Cham www.champroperties.ch

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