Abitare In — Investor Presentation 2021

Dec 9, 2021

FINANCIALS RESULTS 2021

PROJECTS UNDER DEVELOPMENT IN MILANO: OUR PIPELINE

2

PIPELINE: THE FIGURES

Ahead of the market and in absence of competitors, also thanks to the situation of distressed assets and NPLs, in just 5 years we have implemented the best and largest pipeline of projects in Milan, at a price way below the target for current values. Today, we are in the position to buy sites for development over a 5-year period, thus keeping the carrying amount of the sites low

Notes:

THE RESIDENTIAL PROPERTY MARKET IN MILAN

The Milan residential market continues to perform exceptionally well. The second quarter of ²⁰²¹saw ^a significant increase in transaction volumes and prices. the "new" sector is showing even more positive results in terms of price increases. In fact, the generalized "covid" slowdowns especially in the authorization phases of the projects are creating ^a "scarcity" effect on the product, against ^a very strong demand.

2.7% price increase in the 1H ²⁰²¹ with clear signs of growth expecially in the suburbs thanks to the ever-increasing demand for outdoor spaces, loggias, larger surface areas at more affordable prices.

"NEW " sector: prices increase up to 10%

And this is ^a trend that is forecast to continue for the next few years as well: studies talk of the need to build almost ⁵⁰ thousandnewhomes in the City to meet this strong demand

OUTLOOK: Post-Covid – Construction costs

We got prepared and still working to face an increase, even significant, of construction costs, not only by increasing sales prices and adapting contracts but also by optimizing the product, modifying some construction techniques and planning in advance purchases within framework agreements.

OPPORTUNISTIC BUILDING SITES MANAGEMENT

If necessary, we're ready to delay the start of construction of the new projects in the next months

SLOWDOWN AND COST INCREASE OF SOME MATERIAL AND WORKS

• Iron, steel and aluminum, due to problems of exporters country
• Semi-finished materials, wood and low intensity polimers of thermal coatings that benefit of tax relieves
• Some skilled manual labourers, due to increase of competition for fiscal bonuses

OUR CONTRACTS

• "Price adjustment clause" in the contracts with customers
• Fixed price contracts with construction companies

Based in Milan, Homizy designs, develops and manages co-living properties for rent. Homizy's business, dubbed "build to share", is the residential incarnation of the sharing economy, which fosters the generation of efficiencies, sustainability and the tech-mediatedsharing of things, places and services. Homizy's offering is aimed at recent graduates and young professionals under the age of ³⁵ insemi-central areas of Milan

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IPO - DEAL STRUCTURE

DETAILS OF THE OFFERING

I S S U E R	( ) de ke Ho izy S. A. I S I N Co X X X T ic X X X m p. r: : –
M A R K E T	h la fe l Eu Gr M i Pr io t t t ro ne x ow n o ss na se g m en -
S U C U T R T R E O F T H E O F F E R I N G	f he f fe in i l in d he ke S O Ca tr tu t ta to t t • uc re o r g p cr ea se re se rv e m ar :
I N V E S T O R S	l d fo l b l f he fo l f d I ia ig in i io inv Po i i i i ie inv ta t tu t to ty tra to • n an re n s na es rs ss o a nc r no n- q ua es rs
E X P E C T E D T I M E T A B L E	by d f be I P O De 2 0 2 1 • en o ce m r
A B T L O C K- U P	hs 3 6 t m on

CONSOLIDATED REVENUE

CONSOLIDATED REVENUE

2	2
0	0
2	2
1	0
€ 1 2 4 8 M L N	€ 7 3 1 M L N

• € 50.4 MLN: SALES REVENUE
• € 20.7 MLN: CHANGE IN INVENTORY FOR PROGRESS OF WORKS EQUAL TO. Progress in production amounts to € 48.3 million.
• € 49.7 MLN: CHANGE IN INVENTORY FOR THE PURCHASE OF NEW AREAS
• € 4 MLN : OTHER REVENUES FROM CORE OPERATIONS (deriving mainly from the activities carried out for Homizy

CONSOLIDATED EBT

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CONSOLIDATED ADJ EBT

2	2
0	0
2	2
1	0
€ 1 9 6 M L N	€ 1 2. 4 M L N

• Increase of Euro 0.54 million for "listing costs" for the transition to the Euronxt STAR Milan market,
• Increase of Euro 2.37 million for notional costs arising from the application of IFRS ² in relation to the Stock Grants allocated to the management.

NET FINANCIAL POSITION

C O S O N E T F I N A N I A L P I T I N
2 0 2 1	2 0 2 0
€ 7 5 1 M L N	€ 2 6. 1 M L N

• Increase of € ⁴⁹ million compared to FY ²⁰²⁰ versus total investments for € ⁹³ million, comprising Euro 49.7 million for purchase of new sites and Euro 48.3 million for work on orders in progress (progress of construction sites).
• Therefore, net of the investments for the purchase of new areas, the consolidated NFP would have been equal to € 25.4 million.