Stop parsing PDFs. Get the API. Request Access

AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

CA Immobilien Anlagen AG

Investor Presentation • Feb 10, 2011

738_ip_2011-02-10_33722312-626a-41b3-8da0-88815b850553.pdf

Investor Presentation

Open in Viewer

Opens in native device viewer

INVESTOR PRESENTATIONCA IMMO FOLLOWING THE ACQUISITION OF EUROPOLIS

WOLFHARD FROMWALD, CFO

January 2011

CA Immo Group at a Glance

A leading Central European real estate company with a strong income producing portfolio and unique organic growth opportunities from developments

CA Immo Group at a Glance

Capital Markets: Listed on Vienna Stock Exchange since 1988

Strategic Positioning

Initial Portfolio Situation

Strategic Positioning: Regional Focus to 2013

Expansion in Eastern Europe by Europolis acquisition

Clear Focus on Office Buildings

Regional SplitDistribution of Book Value CA Immo Group by Main Usage Type

Shift in Asset Class to Strengthen Cash-Flow

*) Forecast 01/01/2011

Key Pro-Forma Combined Metrics

i
l
l
i
R
S
t
e
g
o
n
a
p
F
t
o
e
c
a
s
r		 l
E
i
o
p
o
s
u
r		 C
A
I
m
m
o		 b
d
C
i
o
m
n
e
l
(
€
b
)
R
E
A
t
t
t
e
a
s
a
e
s
s
e
s
n
:		 1
5		 3
5		 0
5
l
(
€
)
R
t
I
e
n
a
n
c
o
m
e
p
a
m
:		 0
0
1		 2
1
7		 2
2
7
l
(
b
)
T
A
€
t
t
o
a
s
s
e
s
n
:
S
l
i
b
t
A
t
T
p
y
s
s
e
y
p
e
s		 €
2
0
0m
d
Bo
n
1
8
2
0
1
6		 4
2		 6
0
E
i
R
i
t
t
q
u
y
a
o
:		 2
6
%		 3
6
%		 3
0
%
S
d
i
l
t
I
t
t
D
t
a
n
n
g
n
v
e
s
m
e
n
v
s.
e
v
e
o
p
m
e
n		 9
0
0
1
:		 0
3
0
7
:		 2
7
5
5
:

Combined Debt Expiry Profile

Operative Highlights 2010

Acquisition of 100 % stake in Europolis AG Closing 31/12/2010

Successfull Merger between CA Immo International and CA Immobilien Anlagen AG

Significant progress in project development (ongoing construction, planning permissions)

More than 120,000 sqm new leases for standing investments obtained (incl. Post AG, Vienna)

Sales Volume ~ € 300m

PORTFOLIO

€ 2.6bn Income Producing Portfolio Backbone of CA Immo Group

f
S
A
3
0
b
2
0
1
0
t
f
3
0
S
b
2
0
0
A
1
s
o
e
p
t
e
m
e
r,
s
o
e
p
e
m
e
r,
A
i
G
t
i
A
G
t
u
s
r
a
e
r
m
a
n
y
s
a
e
m
a
n
u
r
r
y		 C
/
S
E
E
E
E
/
C
E
E
S
E
E		 l
T
t
o
a
l
d
T
i
i
t
o
a
n
o
m
e
p
o
n
g
c
r
u
c		 2
7
5		 2
6
9
1
,		 6
2
5		 2
6
6
4
,
S
d
i
I
t
t
t
a
n
n
g
n
v
e
s
m
e
n
s		 0
7
1		 3
3
1
1
,		 6
5
1		 2
9
4
4
,
O
U
P
i
t
n
s
e
o
p
e
e
s
w
r
r		 1
1		 3 - 1
4
)
1
d
i
f
l
i
T
P
t
r
a
n
g
o
r
o
o		 4 1
3
3		 1 1
3
8
l
i
d
l
A
R
t
I
n
n
u
a
z
e
e
n
a
n
c.		 3
7		 6
9		 0
5		 2
)
6
1
5
i
l
d
d
i
G
Y
S
I
t
o
s
s
e
a
n
n
g
n
r
v		 5
2
%		 5
5
%		 7
6
%		 6
1
%
V
a
c
a
n
c
y		 1
8
%		 4
%		 1
4
%		 1
1
%
d
A
t
s
s
e
s
u
n
e
r
l
D
t
e
v
e
o
p
m
e
n		 2
4		 9
9
9		 3
3		 1
0
5
6
,

1) Incl. assets held for sale

2) Excluding € 6.8m of rental revenues from interim uses from assets under Development

In total ~175,000 sqm of space rented in 2010

2010 leases for ~129,000 sqm of space were finalized for standing investments Additionally pre-lettings of ~46,000 sqm for development projects signed

1) Includes: new leases and releases (in total 48,360 sqm) and prolongations (in total 60,630 sqm)

2) Includes re-lease to Post AG

Long Term Rent Expiry Profile Provides Stable Cash Flow Basis

Note: Expiry profile includes rents from interims letting of land reserves, hence difference to annualized rent on previous pagesStatus 30/09/2010

DEVELOPMENTS

Development Activities

Update Development-Pipeline CA Immo Group

Frankfurt Europaviertel

Frankfurt: Development Progress Tower 185

Frankfurt Skyline Plaza: IndentedStart of Construction 2011

23

MunichSKYGARDEN, Arnulfpark

  • ~33,000 sqm Total Gross Floor Area
  • Joint Venture with OFB Projektentwicklung
  • Completion Summer 2011

Berlin EuropacityFirst Project ("Tour Total") Started

Basel Erlenmatt: Value Creation due to Sale of Land

  • 68,000 sqm plot sold
  • Selling Prize over Bookvalue as of 31/12/2009
  • Plot includes ~ 3/4 of Erlenmatt total land reserve

Düsseldorf Belsenpark

Completions in 2010

  • Officebuilding in Frankfurt, Europaviertel
  • Anchor tenant: BNP Paribas

  • Forward sale to Union Investment

  • 50:50 JV CAINE Fund with UBM

  • Completion of Phase 1 in June 2010
  • Start of Phase 2 at the beginning of 2011

Vienna: Development & RevitalisationLände 3

Lände 3 – Visualisation

OUTLOOK

Market Outlook 2011: GDP increasein CA Immo's core markets predicted

Eastern Europe

  • •Recovery is proceeding at different paces
  • •Fundamental growth potential exists
  • •Investment market remains at a low level
  • •Poland will remain as the most sustainable market in 2011/2012
  • •Czech Republic and Hungary close to 3 % GDP growth 2011/2012
  • •Romania will recover in 2012

Germany & Austria

  • •Continuing strong economy, recovery will slow in 2011
  • • Germany will not stay on the very high GDP growth level of 2010, but will be still Europe's locomotiv e
  • •Bottom seems also crossed in the real estate market
  • •Germany will be in the focus of real estate investors in 2011/2012

Rental Market

  • •Rental market remains challenging (especially larger areas)
  • •High quality properties have significant competitive advantages

Yield Forecasts 2010-2014Real Estate Office Watch – Q3-2010

Romania

Yield Forecasts 2010-2014 Real Estate Office Watch – Q3-2010

Financial Guidance 2010/2011

1) Before Tax

Contact details

Florian NowotnyHead of Capital Markets Tel.: (+431) 532 59 07 - 518 E-Mail: [email protected]

Claudia HainzInvestor RelationsTel.: (+431) 532 59 07 - 502 E-Mail: [email protected]

www.caimmoag.com/investor_relations/

DISCLAIMER

This presentation handout contains forward-looking statements and information. Such statements are based on our current expectations and certain presumptions and are therefore subject to certain risks and uncertainties.A variety of factors, many of which are beyond CA Immo's or CA Immo International's control, affect its operations, performance, business strategy and results and could cause the actual results, performance or achievements of CA Immobilien

Anlagen Aktiengesellschaft or CA Immo International AG to be materially different. Should one or more of these risks or uncertainties materialise or should underlying assumptions prove incorrect, actual results may vary materially, either positively or negatively, from those described in the relevant forward-looking statement as expected, anticipated, intended, planned, believed, projected or estimated. CA Immo and CA Immo International do not intend or assume any obligation to update or revise these forward-looking statements in light of developments which differ from those anticipated.

This presentation does not constitute an offer to sell, nor a request to purchase or apply for securities. Any decision to invest in securities publicly offered by an issuer should be made solely on the basis of the securities prospectus of CA Immobilien Anlagen Aktiengesellschaft or CA Immo International AG and its supplements.

This information is not intended for distribution in or within the United States of America (USA) and must not be distributed or passed to "U.S. persons" as defined under Regulation S of the U.S. Securities Act of 1933 in its present form ("Securities Act") or to publications with a general circulation in the USA. This publication does not constitute an offer to sell securities in the United States of America. The securities mentioned herein are not and will not be registered in the United States of America according to the provisions of the U.S. Securities Act of 1933 in its present form and may only be sold or offered for sale where registered or excepted from the obligation to register. No public offer of shares will be made in the USA.

This document is intended only for persons (i) who are outside of the United Kingdom or (ii) possess sectoral experience of investments under the terms of Article 19 (5) of the U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (in its present form) (the "Order") or (iii) who are covered by Article 49 (2) (a) to (d) of the Order ("high net worth companies, unincorporated associations" etc.); all such persons are referred to in the following as "relevant persons". Those who are not relevant persons may not act on the basis of this document or its content or place their trust therein. All investments or investment activities referred to by this document are available only to relevant persons and are entered into only by relevant persons.

"This information is not intended for publication in the United States of America, Canada, Australia or Japan."

BACKUPVOLUNTARY TAKEOVER

Partial Takeover Offer by UniCredit Bank Austria

Current Status

On Dec 3, 2010 UniCredit Bank Austria AG announced its intention to to increase its shareholding in CA Immobilien Anlagen AG from currently over 10% to just under 30%.

The offer price will be € 12.35 per share, equal to a premium of 18.64% over the closing price (€10.41) of 2 December 2010.

Voluntary Takeover: This offer will be done according to Section 4 ff of the Austrian Takeover Act (Übernahmegesetz).

Technical details currently under discussion, actual offer period expected to commence from January 31 to February 16 (subject to merger control procedures).

Following the publication of the offer document the management and supervisory boards of CA Immobilien Anlagen AG will publish a Target Statement according to Section 14f of the Austrian Takeover Law.

BACKUPACQUISITIONOF EUROPOLIS

Europolis Acquisition will Significantly Enhance the Profitability of CA Immo Group

i
T
t
r
a
n
s
a
c		 b
d
C
l
l
i
i
l
R
t
o
n
a
s
e
o
n
o
m
p
e
n
g
a
o
n
a
e
s
1
f
l
i
b
l
d
P
t
o
o
o
e
a
a
n
c
e
r
r
d
i
t
o
w
a
r
s
n
c
o
m
e
d
i
t
p
r
o
u
c
n
g
a
s
s
e
s		 9
0
%
f
E
l
i
i
d
i
t
>
o
o
p
o
s
a
s
s
e
s
a
e
n
c
o
m
e
p
o
c
n
g
u
r
r
r
u

R
i
f
i
d
i
i
l
l
i
f
t
t
a
o
o
n
c
o
m
e
p
o
c
n
g
a
s
s
e
s
n
c
e
a
s
e
o
m
r
u
w
r
r

0
%
l
8
0
%
7
t
c
o
s
e
o
C
's
h
b
l
i
k
A
I
t
t
m
m
o
c
a
s
a
a
n
c
e
s
p
u
o
w
o
r
S
i
i
f
i
t
2
g
n
c
a
n
E
i
d
C
h
a
r
n
n
g
s
a
n
a
s
l
i
F
A
t
o
w
c
c
r
e
o
n		 f
f
E
l
i
d
i
i
t
t
t
t
t
o
p
o
s
s
a
n
n
g
a
s
s
e
s
o
e
a
a
c
e
g
o
s
s
u
r
r
r
v
r

i
i
i
l
i
l
d
f
%
i
h
i
i
f
i
i
d
t
7
t
t
n
a
e
o
>
s
g
n
a
n
p
s
e
y
w
c
u
f
d
b
f
l
i
(
2.
%
)
L
t
t
E
7
5
o
c
o
s
o
e
o
o
p
o
s
w
u
r

~
3
i
l
A
t
t
t
D
r
a
c
v
e
e
a
S
h
t
t
c
e
e
n
a
n
c
e
s
r
u
u
r
R
I
d
t
t
e
r
n
o
n
n
e
s
e
u
v
i
E
t
q
u
y		 f
f
f
f
P
5
0
%
h
h
i
d
d
5
t
t
a
m
e
n
o
o
e
p
c
a
s
e
p
c
e
e
e
e
o

y
u
r
r
r
r
r
3
M
E
i
b
1.
0
%
t
+
e
a
s
a
o
y
r
u
r
r
€
7
5
b
d
i
d
d
b
d
b
h
l
l
t
t
t
t
t
m
n
s
o
n
a
e
e
g
a
n
e
e
s
e
e
s
a
s
u
r
r
y
r
y

i
h
f
3
i
b
0.
9
%
t
5
t
M
E
+
n
e
c
o
m
p
a
n
y
o
r
y
e
a
r
s
a
u
r
o
r
4
i
h
i
i
h
R
t
t
t
g
p
o
n
n
e
l
i
i
C
E
E
t
t
c
c
e
o
n
e
s
n
y
v		 f
L
d
l
i
C
E
E
i
i
-t
t
t
t
t
o
n
g
e
m
n
a
m
e
n
a
s
n
e
m
a
n
a
a
c
e
r
u
r
r
v

O
i
k
/
i
l
b
l
h
t
t
t
t
t
t
n
a
s
e
n
p
e
s
p
e
c
e
c
e
n
e
e
a
e
a
n
r
r
u
r
r
v
u
r
r
y
r
v
u

i
G
A
t
s
a
o
e
m
a
n
u
r
r
r
y
5
i
i
F
t
t
t
a
s
n
e
g
r
a
o
n
d
i
i
b
l
t
a
n
v
s
e
c
o
s
d
i
t
e
c
o
n
s
r
u		 E
l
i
i
l
h
d
d
i
V
i
h
i
h
t
o
p
o
s
s
a
s
o
e
a
q
a
e
e
n
e
n
n
a,
c
u
r
u
r
r
w

i
i
f
i
l
f
i
l
i
i
i
t
t
t
t
t
s
g
n
c
a
n
a
c
a
e
s
n
e
g
a
o
n
y
r
S
i
f
i
l
l
l
f
d
b
k
f
f
i
t
n
e
g
e
s
o
m
m
e
g
n
g
o
c
a
p
a
o
m
s
a
n
a
c
o
c
e
y
r
r
r
r

f
t
i
u
n
c
o
n
s
l
l
i
E
R
t
t
t
6
x
c
e
e
n
e
p
u
a
o
n
d
C
t
a
n
o
r
p
o
r
a
e
G
o
e
n
a
n
c
e
v
r		 C
l
E
l
i
i
b
k
d
i
d
h
b
t
e
n
o
p
o
s
s
a
a
n
a
n
s
p
e
s
e
a
s
s
c
u
r
r
y
u
r
u
r
v
u
y

h
l
h
t
t
A
t
i
t
i
t
i
e
r
e
e
v
a
n
u
s
r
a
n
a
u
o
r
e
s
l
h
h
d
L
t
i
t
i
i
t
E
B
R
D,
A
X
A
U
i
o
n
g
a
s
n
g
p
a
r
n
e
r
s
p
s
w
a
n
n
o
n

Europolis is an excellent fit with CA Immo and a key step to improve profitability

Portfolio Focused on "Core CEE" Countries

f
l
i
i
(
f
3
2
0
0
9
)
K
P
t
M
t
D
1
e
y
o
r
o
o
e
r
c
s
a
s
o
e
c
l
l
T
P
V
t
t
o
a
o
p
e
a
e
r
r
y
u
:		 €
1,
5
0
4
m
n
he
f a
de
de
lop
T
ts
t:
re
o
ss
e
un
r
ve
m
en		 €
1
1
4
m
n
V
R
t
a
c
a
n
c
a
e
y
:		 1
8
%
~
l
i
d
l
A
R
I
t
n
n
a
e
e
n
a
n
c
o
m
e
u
z
:		 €
1
0
0
m
n
~
i
i
l
i
l
d
G
I
Y
t
o
s
s
n
a
e
r
:		 7
2
%
~
l
b
l
T
t
L
t
t
A
o
a
e
a
e
r
e
a
:		 1,
0
5
4,
0
0
0
²
m

Note: Russian Assets will remain with the seller

Europolis Standing Assets offer attractive yields with significant upside

Strong Partnerships with EBRD, AXA and Union

EBRD (E1, E2, E3)

  • Partner since 2001
  • Initially focus on developmentsUnion (C1)
  • Acquired stake in C1 portfolio in 2005 (transferred from E1 portfolio)
  • Long term hold strategyAXA (P1)
  • Acquired stake in September 2006

Management Agreements

  • Partnerships are based on Investment- and Management Agreements
  • Europolis receives an annual management fee for its services

*) Includes only assets in fully consolidated subsidiaries

Well Diversified Blue Chip Tenant Base

Group Rental
Income p.a.		 Rental
Area		 Parking
Lots
Tenant Name Sector in $\epsilon$ k
$\%$		 sqm $\%$ #
Pekao S.A Financial Services 6,931 7% 39,110 4% 480
Ahold CZ Food Retail 4,154 4% 33,179 3% $\Omega$
NSN Technology 3,434 3% 24,028 2% 372
Deloitte Financial Services 2,332 2% 11,332 1% 126
Carrefour Food Retail 2,183 2% 44,890 4% 20
IBM Technology 2,144 2% 12,509 1% 186
Csemege A Logistics 2,127 2% 30,260 3% 84
Orange Telecommunication 1,872 2% 7,517 1% 56
Delamode Logistics 1,245 1% 22,615 2% 28
British American Shared
Services Europe S.R.L.		 Financial Services 1,110 1% 5,449 1% 85
Wüstenrot Financial Services 1.090 1% 5,989 1% 51
OTZ Logistics 1,088 1% 19,469 2% 40
Total of Top 12 Tenants 29,710 29% 256,347 24% 1,528

Top Tenants – Group Maturity of Lease Terms – Group

Balance Sheet StructureEuropolis

gearing of Europolis:

  • Extension of debt maturities as part of the transaction structure (see following pages)
  • Most of the debt is ringfenced on asset levels, no recourse to parent company
  • Reduction of B/S size by selective disposals of assets over the next 18 months
  • Differences to reported Europolis B/S as of 31/12/09 mainly due to carve out of bank segment and Russian assets, which are kept by the seller

Total Assets: € 1,771 mn

Transaction Structure Optimizes Return on Equity for CA Immo

h
i
P
P
c
a
s
e
c
e
u
r
r
:		 €
2
2
f
0
0
%
f
h
f
l
G
7
1
t
E
i
t
E
i
A
m
n
o
r
o
e
q
u
y
o
u
r
o
p
o
s
P
T
t
a
y
m
e
n
e
r
m
s
:		 0
%
l
i
5
t
a
c
o
s
n
g

d
f
d
f
b
5
0
%
5
3
M
E
i
1.
0
%
t
+
e
e
r
r
e
o
r
y
e
a
r
s
a
u
r
o
r
d
l
i
E
C
t
e
e
o
x
p
c
s
n
g
D
t
a
e
:		 f
J
1
2
0
1
1
Q
1
2
0
1
1
i
l
l
b
h
i
i
l
d
i
t,
t
t
t
>
a
n
u
a
r
y
s
w
e
e
r
s
q
u
a
r
e
r
n
c
u
n
g

=
b
f
i
N
P
V
t
e
n
e
l
E
i
o
p
o
s
u
r
h
l
F
t
E
t
u
r
e
r
e
m
e
n
s
:		 f
h
t
o
e
s
e
m
e
a
s
e
s
u
r
€
b
d
i
d
d
b
d
b
h
l
l
i
l
l
i
h
7
5
t
t
t
t
t
t
m
n
s
u
o
r
n
a
e
e
g
r
a
n
e
y
e
s
e
e
r
w
s
a
y
n
e

l
t
e
q
u
a
o
f
b
5
3
M
E
i
0.
9
%
t
+
c
o
m
p
a
n
y
o
r
y
e
a
r
s
a
u
r
o
r
l
l
d
l
k
f
h
h
C
A
I
i
i
i
€
4
0
t
t
t
+
m
m
o
m
m
e
a
e
m
a
e
a
p
e-
p
a
m
e
n
o
e
c
a
s
w
y
r
y
m
n

~
h
h
h
l
l
f
6.
3
%
l
l
i
i
i
i
t
t
1
t
i
i
p
u
r
c
a
s
e
p
r
c
e,
w
c
w
e
a
r
n
n
e
r
e
s
o
u
n
c
o
s
n
g
S
l
l
d
d
h
i
i
f
l
l
l
d
b
h
i
t
t
t
t
t
t
e
e
r
a
g
r
e
e
o
e
x
e
n
e
m
a
u
r
e
s
o
a
o
a
n
s
g
r
a
n
e
y
m

f
i
t
o
e
e
v
y
a
r
s
T
i
t
r
a
n
s
a
c
o
n
l
l
l.
M
i
i
t
u
p
e
n
c
f
N
P
V
B
i
t
e
n
e
s
:
0
7
5
N
A
V
x
~
,		 2
5
%
1
2
%
D
i
t
i
D
t
s
c
o
n
u
s
c
o
u
n
4
0
3
1
0
2
2
7
2
3
2
5
1
H
d
l
i
N
P
V
B
f
i
E
i
E
i
t
t
e
a
n
e
e
n
e
s
c
o
n
o
m
c
q
u
y
P
h
P
i
P
h
P
i
E
l
i
r
c
a
s
e
r
c
e
r
c
a
s
e
r
c
e
r
o
p
o
s
u
u
u

BACKUPFINANCIALSQ3-2010

Q3-2010 Highlights

in
€
m		 Q
1
2
0
1
0		 Q
2
2
0
1
0		 Q
3
2
0
1
0		 3 2
Q
1-
0
0
1		 3 2
Q
1-
hg
C
%
0
0
9
l
Re
t
In
n
a
c
o
m
e		 4
1,
7		 0
4
1,		 0,
4
7		 2
3,
1
4		 3
3
-8
%
1
4,
1
,
fr
le
f
d
in
ie
In
tr
t
c
o
m
e
o
m
s
a
o
a
g
p
ro
p
er
s		 3,
6
1		 3
3,
6		 2
1
4,		 6
1,
4		 0
3
0,
8
%
4
7,
O
in
d
t
t
t
t
t
p
er
a
g
c
o
s
s
p
a
s
s
e
o
n
o
e
na
n
s		 7,
7		 7,
7		 6,
4		 2
1,
8		 2
0,
9
4,
1
%
G
R
o
s
s
ev
e
nu
e
s
r		 6
3,
7		 8
3,
2		 6
1,
7		 2
0
8,
7		 2
0
9
9
%
4,
1,
d
ire
ly
la
d
ie
Ex
t
t
t
t
p
e
ns
e
s
c
re
e
o
p
ro
p
er
s		 2
-1
5,		 -9
2
,		 -8
1
,		 -2
6,
2		 -2
8
8
%
7,
-5
,
Bo
k
lu
f
d
in
ie
tr
t
o
va
e
o
a
g
p
ro
p
er
s		 -1
5,
3		 -1
7,
2		 -1
2,
6		 -4
5,
2		 -4
4,
4
-5
8
%
,
N
in
In
t
t
e
o
p
e
r
a
g
c
o
m
e		 3
3,
1		 4
9,
6		 3
5,
2		 1
1
7,
9		 1
1
7,
5
0,
4
%
l
fr
le
f
l.
ie
Re
t
t.
t
su
o
m
s
a
o
p
ro
p
er
s		 2,
4		 3
-1
,		 1,
4		 2,
4		 3,
-8
3
%
1
1
1,
f c
In
d
ire
Ex
i
l
ize
d
t
t
t
c
p
e
ns
e
s
ne
o
a
p
a
ic
s
er
v
e
s		 -8
9
,		 -9
7
,		 -6
5
,		 -2
5,
1		 -2
3,
6
6,
3
%
O
he
In
t
r o
p.
c
o
m
e		 2,
2		 2,
3		 0,
7		 5,
1		 8,
8
-4
2,
1
%
E
B
I
T
D
A		 2
8,
7		 0
4
1,		 3
0,
7		 0
0,
1
4		 -
8
1
1
5,
1
3,
3
%
lu
/
/
Re
io
Im
irm
De
t
t
va
a
n
p
a
e
n
s
p
r.		 -6
7
,		 1
0,
9		 3
1,
2		 3
5,
5		 -1
1
5,
3
n.
m
E
B
I
T		 2
1,
5		 5
2,
0		 6
1,
1		 1
3
4,
6		 -6
1
n.
m
,
F
in
in
C
t
a
nc
g
o
s		 -2
9,
4		 -2
8,
6		 -3
0,
4		 -8
8,
4		 -8
0,
3
1
0,
0
%
he
l
l
F
in
ia
Re
t
t
o
r
a
nc
su		 -1
5
,		 -4
1
,		 -1
3,
9		 -1
9,
6		 -3
4,
7
-4
3,
7
%
E
B
T		 -9
4
,		 1
9,
3		 1
6,
8		 2
6,
6		 -1
2
1,
1
n.
m
Ta
in
xe
s
o
n
c
o
m
e		 0
1,		 8
-5
,		 -9
2
,		 0
-1
4,		 9
3
8,
8
-5
1
%
,
M
in
i
ie
t
or
s		 -1
9
,		 2,
8		 -1
7
,		 -0
9
,		 -4
8,
6
-9
8,
2
%
(
f
in
i
i
)
N
t
In
t
t
e
c
o
m
e
a
e
r
m
o
r
e
s		 -6
5
,		 1
0,
7		 9,
3		 1
3,
5		 -7
8,
3
n.
m

Q3 Highlights

  • Reduction in rental income due to sales during 2009 in line with guidance
  • Positive impact of property sales both in sales result as well as in revaluation result
  • Best quarterly EBIT ever
  • One-Off effect of € 10 mn in other financial result
  • High tax rate as sale and revaluation profits mainly taxable, while many negative charges are not

Details on Disposals

)
l
l
d
d
i
A
S
Q
1-
Q
3
2
0
1
0
a
e
s
c
o
s
e
n
g
u
r
€
I
n
m
n		 S
l
a
e
s		 k
l
B
o
o
v
a
u
e		 f
P
i
t
r
o		 M
i
a
r
g
n
f
d
i
l
i
T
P
t
r
a
n
g
o
r
o
o		 6
1,
4		 (
)
(
2
)
1
4
5
,		 6
3
1
,		 3
6
%
1
,		 h
f
i
f
S
t
o
n
a
s
o
o
m
w
r
r
L
P
i
t
t
o
n
g
e
m
o
p
e
e
s
r
r
r		 3
1,
3		 (
)
2
8
8
,		 2
4
,		 8
5
%
,		 p
l
i
P
&
L
s
a
e
s
n
9
2
7
,		 (
)
7
4
0
,		 1
8
7
,		 2
5
3
%
,
h
f
T
e
e
o
r
:
d
N
I
P
i
o
n
n
c
o
m
e
r
o
u
c
n
g		 8
3
0
,		 (
)
6
5
1
,		 1
7
9
,		 2
7
5
%
,
d
I
P
i
n
c
o
m
e
r
o
u
c
n
g		 9
7
,		 (
8
9
)
,		 0
8
,		 9
%
4
,		 C
l
f
l
f
e
a
r
o
c
u
s
o
n
s
a
e
o
9
2
7
,		 (
0
)
7
4
,		 8
1
7
,		 2
3
%
5
,		 i
n
o
n
n
c
o
m
e
d
i
t
o
c
n
a
s
s
e
s
r
(
)
l. o
he
1
inc
t
r e
xp
en
se
s		 p
g
u
)
l
d
b
l
d
B
S
t
t
t
a
e
s
a
g
r
e
e
u
n
o
y
e
c
o
s
e
d
b
l
d
A
i
Q
3
t
t
t
e
e
n
n
o
e
c
o
s
e
r
u		 3
8
6		 (
)
2
5
5		 1
3
0		 5
1,
0
%		 f
i
h
i
P
Q
3
t
o
s
o
n
n
a
s
r
w
f
l
i
t
t
a
o
e
a
a
o
n
r
r
v
u
g
y		 , , , p
l
t
r
e
s
u
)
h
l
i
d
d
/
l
C
F
S
t
e
a
e
s
s
g
n
e
a
n
o
c
o
s
e
u
r
r
r		 d
i
Q
4
n
f
h
l
f
d
W
€
1
0
0
i
i
i
t
t
o		 l
f
T
t
a
g
e
o
m
e
o
r
v
u
(
e
e
p
e
c
e
m
n
m
a
n
x
u
r
r
).
t
a
s
s
e
s		 o
m
n
o
y
r		 n
n
c
o
m
e
p
r
-		 c
n
g
u		 l
d
d
s
a
e
s
e
x
c
e
e
e

Details on + € 35m Revaluation Result

Details on Financial Result

Balance Sheet as of Sept 30, 2010

in
€
m		 3
0.
9.
2
0
0
1		 3
2.
2
0
0
9
1.
1		 C
ha
ng
e
In
ie
t
t
t
ve
s
m
e
n
p
ro
p
er
s		 2.
9
0
4
4,		 2.
0
9,
6
4		 %
4		 d
I
t
i
t
t
i
n
c
r
e
a
s
e
u
e
o
o
n
g
o
n
g
c
o
n
s
r
u
c
o
n
d
d
lo
Pr
ie
t
t
o
p
er
s
u
n
er
ev
e
p
m
e
n		 1.
0
5
5,
5		 9
6
2,
5		 1
0
%		 F
h
l
(
N
d
1
)
t
u
r
e
r
s
a
e
s
o
r
Ow
d
ie
t
n
s
e
p
ro
p
er
s
u		 3,
1
7		 2
1
4,		 (
%
)
4
O
he
l.
t
t.
t
a
s
s
e
s
r		 2
7
5,
4		 2,
0
1
4		 9
%
4
d
d
fo
d
Pr
t
ie
in
t
tr
in
o
p
er
s
e
n
e
a
g
r		 8
6,
1		 1
2
2,
9		 (
)
3
0
%		 S
l
d
i
l
i
a
e
s
p
e
n
n
g
c
o
s
n
g
he
l
d
fo
le
Pr
ie
t
o
p
er
s
r s
a		 5
1,
8		 6,
0		 7
6
1
%
h
C
i
ie
t.
t
+
a
s
s.
s
e
cu
r
s		 2
6
2,
7		 5
0
4,
1		 (
)
4
8
%		 f
l
A
i
i
i
C
A
I
I
i
t
t
t
c
q
s
o
n
o
m
m
o
n
e
n
a
o
n
a
u
r
he
O
t
t.
t
r s
a
s
s
e
s		 1
4
2,
6		 1
4
9,
3		 (
5
%
)		 f
l
l
d
d
D
t
E
i
i
i
o
w
n
p
a
y
m
e
n
o
r
u
r
o
p
o
s
n
c
u
e
n

h
(
d
h
)
t
t
t
i
t
o
e
a
s
s
e
s
e
s
c
e
c
a
s
r
r
r
l
T
A
t
t
o
a
s
s
e
s		 4.
3
8
1,
9		 4.
3
1
0,
7		 2
%
ha
l
/
/
S
C
i
t
Re
Re
t.
re
a
p
a
s
er
ve
s
Ea
in
rn
g
s		 1.
5
6
7,
1		 1.
5
5
9,
0		 1
%		 f
f
f
P
i
i
C
A
I
I
t
t
t.
o
s
e
e
e
c
o
m
m
o
n
v

(
)
h
f
f
b
€
4
1.
4
t
t
+
m
m
o
e
a
n
o
s
e
r
M
in
i
in
ty
t
t
or
er
e
s
s		 2
8,
9		 1
7
0,
2		 (
8
3
%
)		 y
d
f
h
d
i
i
i
t
t
e
e
r
o
r
a
o
n
o
e
g
n
g
r
e
s
e
r
v
e
h
h
l
d
'
i
S
ty
a
e
o
e
e
r
rs
q
u		 1.
5
9
6,
0		 1.
7
2
9,
2		 (
)
8
%		 (
€
-4
6.
8
)
m
n
of
b/s
tal
Eq
uit
in
%
to
y		 36
4%
,		 40
1%
,		 (
9
%
)
l.
f
l
l
b
l
(
l.
b
d
)
t.
in
ia
ia
i
i
t
ie
in
a
nc
s
c
o
n
s		 1.
9
6
3,
7		 1.
8
5
2,
2		 6
%
O
he
l.
l
ia
b
i
l
i
ie
t
t.
t
r
s		 4
1
1,
3		 3
4
7,
4		 1
8
%		 d
D
i
i
i
t
i
t
i
i
e
c
e
a
s
e
n
m
n
o
e
s
e
o
n
c
e
a
s
e
n
r
r
u
r
f
l
l
b
l
t.
in
ia
ia
i
i
t
ie
s.
a
nc
s		 1
8
2,
8		 1
2
4,
3		 4
7
%		 k
i
C
A
I
I
t
t.
s
a
e
n
m
m
o
n
he
l
b
l
O
ia
i
i
ie
t
t.
t
r s
s		 2
2
8,
1		 2
5
7,
6		 (
1
1
%
)
i
b
i
l
i
i
h
h
l
d
's
i
L
t
ty
+
a
e
s
s
a
e
o
e
e
q
r
r
u		 3
8
9
4.
1,		 3
0,
4.
1
7		 2
%		 5
7

Contact details

Florian NowotnyHead of Capital MarketsTel.: (+431) 532 59 07 - 518E-Mail: [email protected]

Claudia HainzInvestor RelationsTel.: (+431) 532 59 07 - 502E-Mail: [email protected]

www.caimmoag.com/investor_relations/

DISCLAIMER

This presentation handout contains forward-looking statements and information. Such statements are based on our current expectations and certain presumptions and are therefore subject to certain risks and uncertainties.

A variety of factors, many of which are beyond CA Immo's or CA Immo International's control, affect its operations, performance, business strategy and results and could cause the actual results, performance or achievements of CA Immobilien Anlagen Aktiengesellschaft or CA Immo International AG to be materially different.

Should one or more of these risks or uncertainties materialise or should underlying assumptions prove incorrect, actual results may vary materially, either positively or negatively, from those described in the relevant forward-looking statement as expected, anticipated, intended, planned, believed, projected or estimated. CA Immo and CA Immo International do not intend or assume any obligation to update or revise these forward-looking statements in light of developments which differ from those anticipated.

This presentation does not constitute an offer to sell, nor a request to purchase or apply for securities. Any decision to invest in securities publicly offered by an issuer should be made solely on the basis of the securities prospectus of CA Immobilien Anlagen Aktiengesellschaft or CA Immo International AG and its supplements.

This information is not intended for distribution in or within the United States of America (USA) and must not be distributed or passed to "U.S. persons" as defined under Regulation S of the U.S. Securities Act of 1933 in its present form ("Securities Act") or to publications with a general circulation in the USA. This publication does not constitute an offer to sell securities in the United States of America. The securities mentioned herein are not and will not be registered in the United States of America according to the provisions of the U.S. Securities Act of 1933 in its present form and may only be sold or offered for sale where registered or excepted from the obligation to register. No public offer of shares will be made in the USA.

This document is intended only for persons (i) who are outside of the United Kingdom or (ii) possess sectoral experience of investments under the terms of Article 19 (5) of the U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (in its present form) (the "Order") or (iii) who are covered by Article 49 (2) (a) to (d) of the Order ("high net worth companies, unincorporated associations" etc.); all such persons are referred to in the following as "relevant persons". Those who are not relevant persons may not act on the basis of this document or its content or place their trust therein. All investments or investment activities referred to by this document are available only to relevant persons and are entered into only by relevant persons.

"This information is not intended for publication in the United States of America, Canada, Australia or Japan."

More from CA Immobilien Anlagen AG

Legal Proceedings Report 2026
Jan 8
Transaction in Own Shares 2026
Jan 8
Transaction in Own Shares 2025
Dec 30
Transaction in Own Shares 2025
Dec 30
Legal Proceedings Report 2025
Nov 26
Legal Proceedings Report 2025
Nov 26
Major Shareholding Notification 2025
Oct 21
Major Shareholding Notification 2025
Oct 21
Declaration of Voting Results & Voting Rights Announcements 2025
Aug 29
Share Issue/Capital Change 2025
Aug 29
View all filings →

Talk to a Data Expert

Have a question? We'll get back to you promptly.