Mobimo Holding AG — Interim / Quarterly Report 2015

Aug 6, 2015

2015 Half-year results

Disclaimer

The financial data as well as the other information presented herein constitute selected information.

The information in this presentation does not constitute an offer or invitation and may not be construed as a recommendation by us to purchase, hold or sell shares of Mobimo Holding AG. This information or any copy thereof may not be sent or taken to or distributed in any jurisdiction in which such transmission or distribution is unlawful. This document may contain certain "forward-looking". By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Actual outcomes and results may differ materially from any outcomes or results expressed or implied by such forward-looking statements.

Agenda

1. First half-year 2015 at a glance

2. Key financial figures first half-year 2015

3. Property portfolio & pipeline

4. Outlook & Summary

1. First half-year 2015 at a glance

Successful first half-year for Mobimo

Rental income growth	● Increase in rental income to CHF 53 m (HY 2014: CHF 51 m) ● Reduction in the vacancy rate to 5.1%
Income from development	● Income from sale of trading properties CHF 18 m
Sale of investment properties	● Sale of one commercial property in Bülach and two residential properties in Horgen ● Profit on sale of investment properties CHF 15.8 m
Profit	● Profit of CHF 35.8 m (HY 2014: CHF 20.1 m)

Solid long-term performance 1. First half-year 2015 at a glance

Market environment 1. First half-year 2015 at a glance

Office and commercial property market	● Sideways trend and competition in the office market unchanged ● Tough competition in the retail business
Rental market	● Stable demand
Condominium market	● High demand in the mid-price segment ● Low financing costs
Investments for Third Parties	● High demand for real estate investments
Market for property transactions	● High demand for real estate investments, esp. for residential properties
Economic environment	● Impacts of the SNB´s cancellation of the euro minimum rate ● Introduction of negative interest rates

2. Key financial figures first half-year 2015

Key income statement figures 2. Key financial figures first half-year 2015

in CHF m	31.12. 2013	31.12.2014	30.06.2014	30.06.2015	PY change
Net rental income	78.9	87.6	42.4	46.6
Profit on sale of trading properties and services	31.6	24.9	-0.3	1.3
Net income from revaluation	25.2	3.8	7.2	9.7
Profit on sale of investment properties	7.1	4.9	2.3	15.8
EBIT incl. revaluation	119.4	97.6	38.8	60.2
EBIT excl. revaluation	94.1	93.8	31.5	50.5
Tax expense	-16.7	-4.8	-3.5	-8.1
Profit incl. revaluation	81.6	63.2	20.1	35.8
Profit excl. revaluation	62.6	60.2	14.6	28.4

9 Half-year results 2015

in %	31.12.2013	31.12.2014	30.06.2014	30.06.2015	PY change
Return on equity incl. revaluation	7.1	5.2	3.3	6.0
Return on equity excl. revaluation	5.4	5.1	2.4	4.8
Gross yield on investment properties	5.7	5.6	5.6	5.6
Net yield on investment properties	4.6	4.5	4.5	4.5

Rental income as an 2. Key financial figures first half-year 2015

essential revenue pillar

• Increase of 3% compared to the same period last year
• Doubling of a rental income since the IPO (Increase of 96%)
• This rise is mainly based on
• new entry of completed properties in the own portfolio
• successful acquisitions

Components of net income from revaluation 2. Key financial figures first half-year 2015

• Market demand leads to value growth
• Net income from revaluation CHF 9.7 m

2. Key financial figures first half-year 2015

Development of net income from revaluation

• Market demand leads to value growth

• Decrease of the average discount rate from 4.39% (31.12.2014) to 4.28% (30.06.2015)

• 1) Including CHF 13.5 m from the first-time application of IFRS 13

• 13 Half-year results 2015

2. Key financial figures first half-year 2015

Long-term financing at excellent conditions

• As at the reporting date 30.06.2015, the average interest rate was 2.41%
• Unchanged future interest rate environment for financing

14 Half-year results 2015

Solid equity ratio of 44% as basis for further high-quality growth 2. Key financial figures first half-year 2015

• Goal of > 40% achieved

• Still solid equity ratio basis

• Target of > 2 clearly exceeded Well under the maximum level of 150%

• Considerable financial headroom

2. Key financial figures first half-year 2015 Share data

in CHF	31.12.2013	31.12.2014	30.06.2014	30.06.2015	PY change
Shares issued	6,214,478	6,216,606	6,216,606	6,218,170
Share capital	180.2 m	180.3 m	180.3 m	180.3 m
Market capitalisation	1,156.4 m	1,238.3 m	1,168.7 m	1,184.6 m
(Half-) year-end share price	186.10	199.20	188.00	190.50
NAV per share1)	200.01	195.93	191.03	191.91

1) As at the 30th July 2015 there are no options granted

Rental income	● Increase in the rental income
Real estate valuations	● Net income from revaluation: Market demand leads to value growth
Result	● Strong result before revaluation
Interest rate development	● Negative SNB interest rates ● Furthermore use of low interest rate environment for financing

3. Property portfolio & pipeline

Overall portfolio 3. Property portfolio & pipeline – abstract

Total value: CHF 2,468 Mio. (2014: CHF 2,470 Mio.)

in CHF Mio.	2014	HY 2015	Change
Investment properties	1,908	1,862
Commercial properties	1,381	1 378
Residential properties	527	484
Development properties	562	606
Commercial properties (Investment)	243	240
Residential properties (Investment)	114	137
Residential properties (Trading properties)	205	229

3. Property portfolio & pipeline – abstract

Strengthening of the portfolio by active management and continuous development

Well-balanced and stable portfolio mix

• Portfolio mix is optimised on an ongoing basis
• Residential component is gradually being increased through the planning and construction of investment
• Residential component approaching the target of 30%
• Over the medium term, residential use, office use and other commercial uses account for approximately 30% each of the investment portfolio

Buildings completed in the first half-year 2015 Amount invested approx. CHF 129 m

1) 8 372 m2 gross living area, 98 apartments, 107 parking spaces 2) 8 967 m2 gross living area, 96 apartments, 129 parking spaces 3) 2 211 m2 gross living area, 14 apartments (2 MFD), 24 parking spaces

Well-filled project pipeline 3. Property portfolio & pipeline – projects

Development and construction of investment properties for our own portfolio

Development, construction and sale of condominiums

under construction: CHF 160 m (PY 160 m) in planning: CHF 180 m (PY 180 m)

Investment properties under construction Amount invested CHF 210 m

	2015	2016	2017	2018
Horgen, Seestrasse 93 (Grob site)			Commercial
Lausanne, Rue Voltaire (Petit Mont-Riond)	98 apartments
Regensdorf, Schulstrasse		6 MFD with 96 apartments
Zurich, Letzigraben		72 apartments, 8 rec rooms

Condominiums under construction Amount invested CHF 160 m

	2015	2016	2017	2018
Aarau, Baufeld 4 (Torfeld South)			92 condominiums
Lucerne, Büttenenhalde			2 MFD with 24 condominiums, 3 studios
Meilen, Feldgüetliweg (Schilf)		2 MFD with 14 condominiums, 1 rec room
Regensdorf, im Pfand 2		45 condominiums, 1 rec room

Investment properties in planning Amount invested CHF 710 m

	2015	2016	2017	2018
Aarau, Baufeld 2 (Torfeld South)		Apartments, office, commercial
Kriens, Mattenhof I			Business city
Kriens, Mattehnhof II		Office, apartments, retail
Lausanne, Rue Côtes-de-Montbenon (Les Garages)		Commercial
Lausanne, Place de l'Europe 8				Commercial
Lausanne, Rue de Genève 19/21 (Jumeaux)			Retail, office, storage
Lausanne, Rue de la Vigie 3 (Flon Ville)			Retail, commercial
Lausanne, Avenue d'Ouchy 4-6			Urban development
Zurich, Hohlstrasse; Albulastrasse		Apartments, office, commercial

Condominiums in planning Amount invested CHF 180 m

	2015	2016	2017	2018
Merlischachen, Burgmatt		78 condominiums
Uetikon, Tramstrasse	sale of lot
Weggis, Hertensteinstrasse	sale of lot
Zurich, Hohlstrasse / Albulastrasse		76 condominiums, commercial

Planned building starts in 2015 Amount invested approx. CHF 650 m

Investments for Third Parties 3. Property portfolio & pipeline – projects

1) Source: Copyright Losinger Marazzi AG

Site development Potential amount invested approx. CHF 2 bn

Focus 2015 4. Outlook & summary

Strategy	● Accelerate the expansion of the Investments for Third Parties business area
Operating business	● Increase in rental income ● Reduce in vacancy rates ● Rigid cost control and risk management
Property portfolio	● Secure realisation of different building projects ● Continuous quality optimisation of the portfolio

Your contact persons

Christoph Caviezel CEO

• Dr. iur., Attorney at Law
• Chairman of the Executive Board
• CEO of the Mobimo Group since October 2008
• Direct Manager of the Purchase and Divestment division
• Spent several successful years as CEO and member of the Board of Directors of a listed Swiss real estate company

christoph.caviezel@mobimo.ch manuel.itten@mobimo.ch

ir@mobimo.ch, Tel. 044 397 11 86

Manuel Itten CFO

• Business Administration FH
• Member of the Executive Board
• Joined Mobimo in 2004, working as CFO since 2009
• Head of Controlling until February 2009
• Long standing experience in the real estate market

Attractive portfolio Increase in value from development for own portfolio Annex

Total value: CHF 2,468 m (HY 2010: CHF 2,019 m)

in CHF Mio.	HY 2010	Share	HY 2015	Share	Change
Investment properties	1,387	69%	1,862	75%
Commercial properties	1,208	60%	1,378	55%
Residential properties	179	9%	484	20%
Development properties	632	31%	606	25%
Commercial properties (Investment)	251	12%	240	10%
Residential properties (Investment)	111	6%	137	6%
Residential properties (Trading properties)	270	13%	229	9%

Well-filled pipeline insures further growth in rental income Annex

• Growth of rental income expected in the coming years
• Continuing diversification by location and use
• Properties situated in central locations lead to continuous and stable growth in rental income

Residual term of financial liabilities in the long run

1) Non-current financial liabilities include, in addition to mortgage liabilities, the bond with a carrying amount of CHF 164.4 m (nominal value: CHF 165 m) maturing on 29.10.2018 2) Non-current financial liabilities include, in addition to mortgage liabilities, the bond with a carrying amount of CHF 198.3 m (nominal value: CHF 200 m) maturing on 19.05.2021 3) Non-current financial liabilities include, in addition to mortgage liabilities, the bond with a carrying amount of CHF 149.5 m (nominal value: CHF 200 m) maturing on 16.09.2024

Attractive yield spread Annex

• Continued use of the attractive interest rate environment to lock in low interest rates for the long term
• Attractive interest rate of 2.0% generated

The right strategy for high-quality growth and stable returns

Attractive property portfolio focusing on Zurich and Western Switzerland

Medium- to long-term maturity profile of rental contracts 1)

1) Not including rental contracts of unlimited duration

Aeschbach-Quartier Aarau "AQA" Annex

2017	2018	2019	2020	2021	2022	2023

SITE AREA 55,000 m2 (incl. park)

USE

approx. 1,400 workplaces, 92 condos, approx. 170 rentals, retail, catering, commercial

INVESTMENT approx. CHF 170 m (excl. GastroSocial)

LOCATION

Central, next to Aarau main station

Lausanne Rasude (La Poste) Annex

SITE AREA 19,000 m2 (12,000 m2 Mobimo)

USE

Office, hotel, apartments (condo/ rentals), retail, catering (joint project with SBB)

INVESTMENT approx. CHF 200 m

LOCATION Lausanne train station

2017	2018	2019	2020	2021	2022	2023

Lausanne "Flon Vision 2025" Annex

SITE AREA
55,000 m2

USE

Further development of the Flon district

INVESTMENT approx. CHF 200 m

LOCATION

Central, in immediate vicinity of the underground station

2017	2018	2019	2020	2021	2022	2023

Lucerne South Mattenhof Annex

2017 2018 2019 2020 2021 2022 2023

SITE AREA 25,000 m2

USE

Office, apartments, hotel, retail, catering, commercial

INVESTMENT approx. CHF 260 m

LOCATION

Directly next to Mattenhof train station and in immediate vicinity of the motorway access road

Biel Agglolac Annex

2017	2018	2019	2020	2021	2022	2023

GROSS FLOOR SPACE approx. 110,000 m2

USE

Development of a new city district with residential, work, catering, hotel, retail and commercial use

INVESTMENT approx. CHF 350 m

LOCATION

In immediate vicinity of the lake and near the train station

Rheinmetall Zurich Annex

2017 2018 2019 2020 2021 2022 2023

SITE AREA 53,000 m2

USE

Residential, office, commercial, catering, events

INVESTMENT approx. CHF 500 m

LOCATION

In immediate vicinity of Oerlikon train station

Address	Fair value 30.06.15 in TCHF	Use
Lausanne, Horizon 4-6 Avenue d'Ouchy 4-6	128,180	Commercial property
Zurich, Mobimo Tower Hotel Turbinenstrasse 18	126,450	Hotel
Affoltern a. A. Obstgartenstr. 9 Alte Obstfelderstr. 27/29, 31-35	97,310	Rental and retirement apartments/home
Zurich, Am Pfingstweidpark Turbinenstrasse 22-32	92,990	Rental apartments and commercial/ retail

Address	Fair value 30.06.15 in TCHF	Use
Zürich Friesenbergstrasse 75 Im Tiergarten 7	92,190	Commercial property
Lausanne, Ilot du Centre Rue Beau Séjour 8	84,890	Rental apartments
Kreuzlingen, Ziil Center Leubernstrasse 3	63,525	Commercial property
Lausanne, Les Mercier Voie du Chariot 4-7	62,830	Commercial property

Address	Fair value 30.06.15 in TCHF	Use
Zurich, Hochhaus Hardturmstrasse 3/3a/3b	57,780	Commercial property
Lausanne, Petit Mont-Riond Rue Voltaire 2-12	57,210	Rental apartments
Zurich, Secret Garden Manessestrasse 190/192; Staffelstrasse 1/3/5	55,210	Rental apartments
Zurich, Oh!mega Katzenbachstrasse 221-231	52,190	Rental apartments

Address	Fair value 30.06.15 in TCHF	Use
Zurich, Apollo Stauffacherstrasse 41	48,650	Commercial property
Lausanne, Les Pépinières, Rue des Cotes-de-Montbenon 20-24	40,200	Commercial property
Lausanne Rue de Genève 7	32,170	Rental apartments, commercial

The five biggest tenants Annex

● The five biggest tenants generate 21.8% of the rental income

52 Half-year results 2015

Solid earnings per share Annex

• Earnings per share of CHF 5.72 by 80% higher than in the same period last year
• Diluted earnings per share of CHF 5.72

Positive share price development Annex

• Positive development of liquidity in the first half of 2015:
• The average number of shares traded daily was approx. 12,387 (first half-year 2014: 9,657)
• Thereby total half-year turnover of CHF 319 m was achieved ( first half-year 2014: CHF 224 m)
• Fall of SPI-Index as of 15.01.2015 as a result of the SNB´s cancellaction of the euro minimum rate – growth of the Mobimo share price

54 Half-year results 2015

Shareholder structure Annex

• Free float as at 30.06.2015: 100% (as per SIX Swiss Exchange definition)
• The following shareholders held 3% or more of the share capital as at 30.06.2015
• Zuger Pensionskasse, 3,38%
• BlackRock, Inc., 3,00%

Create value through conversion: Demand for additional living space will remain intact

• 704 development sites with a total area of 5,626 ha
• Potential site area of 48.5 million m2 in repositionierung
• Volume of new construction of approx. CHF 200 bn (encl. Restoration costs and remediation)
• Significant reception capacity: living space for 288,000 people plus working space for 257,000 employees (excl. Building land)