Mobimo Holding AG — Interim / Quarterly Report 2016

Aug 4, 2016

2016 Half-year results

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.

• 1. First half-year 2016 at a glance
• 1. Key financial figures first half-year 2016
• 1. Property portfolio & pipeline
• 1. Outlook & Summary

1. First half-year 2016 at a glance

Income from development	● Sale of condominiums: transfer of the apartments of the project Lucerne, Büttenenhalde ● Investments for Third Parties: revenues from the execution of development services for the project Kriens, Sternmatt II ● Well-filled pipeline for own projects and Investments for Third Parties
Rental income growth	● Rental income growth of 7.9% compared to the first half-year of 2015 ● Completion of the apartment building Zurich, Letzihof and tenancy of all 72 apartments
Profit on sale of investment properties	● High demand for investment properties in the transactional environment, realisation of added value
Profit	● Company profit of CHF 89.8 million (HY 2015 CHF 35.8 million) ● Earnings per share of CHF 14.39 incl. revaluation and CHF 11.93 excl. revaluation

Solid long-term performance 1. First half-year 2016 at a glance

Market environment 1. First half-year 2016 at a glance

Office and commercial property market	● Sideways trend unchanged ● Tough competition in the retail business remains
Rental market	● Stable demand, particularly in the low- and mid-price segment
Condominium market	● Interest rate driven demand in the low- and mid-price segment ● Low financing costs
Investments for Third Parties	● Strong demand
Market for property transactions	● Strong demand for investment properties
Economic environment	● Development more stable than expected despite the strong Swiss Franc ● Switzerland proofs to have a more stable macroeconomic environment than its neighbouring countries

2. Key financial figures first half-year 2016

Key income statement figures 2. Key financial figures first half-year 2016

CHF million	31.12.2014	31.12.2015	30.06.2015	30.06.2016	PY
					change
Net rental income	87.6	94.1	46.6	48.3	 3.5%
Profit on sale of trading properties and development services	24.9	5.5	1.3	17.0	 1,203.5%
Net income from revaluation	3.8	34.7	9.7	20.9	 114.5%
Profit on disposal of investment properties	4.9	63.8	15.8	33.9	 114.2%
EBIT incl. revaluation	97.6	170.4	60.2	105.2	 74.9%
EBIT excl. revaluation	93.8	135.7	50.5	84.4	 67.2%
Tax expense	-4.8	-34.1	-8.1	-2.9	 63.9%
Profit incl. revaluation	63.2	105.0	35.8	89.8	 150.8%
Profit incl. revaluation, attributable to the shareholders of MOH	62.2	103.9	35.6	89.5	 151.4%
Profit excl. revaluation, attributable to the shareholders of MOH	60.2	78.6	28.4	74.2	 161.3%

Selected return ratios 2. Key financial figures first half-year 2016

%	31.12.2014	31.12.2015	30.06.2015	30.06.2016	PY change
Return on equity	5.2	8.9	6.0	14.6	 143.3%
Return on equity excl. revaluation	5.1	6.7	4.8	12.1	 152.1%
Gross yield from investment properties	5.6	5.4	5.6	5.5	 -1.8%
Net yield from investment properties	4.5	4.3	4.5	4.3	 -4.4%
Vacancy rate investment properties	5.4	4.7	5.1	4.9	 -3.9%

2. Key financial figures first half-year 2016

Development earnings and distribution per share

• Earnings per share of CHF 14.39: 151.6% higher than in the previous year
• Diluted earnings per share of CHF 14.39
• Earnings per share excl. revaluation of CHF 11.93: 161.1% higher than in the previous year

2. Key financial figures first half-year 2016

Medium to long-term maturity profile of fixed-term rental agreements1)

1) Not including rental agreements of unlimited duration

12 Half-year results 2016

Components of net income from revaluation 2. Key financial figures first half-year 2016

• Market demand leads to positive value development
• Net income from revaluation of CHF 20.9 million
• 56.0% of the net income from revaluation derive from market driven impacts, 44.0% from the operational added value from the development of investment properties for the own portfolio

Solid equity ratio as basis for further high-quality growth 2. Key financial figures first half-year 2016

• Target of > 40% achieved

• Still a very solid equity base

• Target of > 2 clearly surpassed Considerably below the maximum target rate of 150%

• High financing scope

3. Property portfolio & pipeline

15 Half-year results 2016

Development of the overall portfolio 3. Property portfolio & pipeline

Total value: CHF 2,575 million (2015: CHF 2,655 million)

CHF million	2015	HY 2016		Change
Investment properties	2,132	2,023		-5.1%
 Commercial properties	1,372	1,368		-0.3%
Residential properties	760	655		-13.8%
Development properties	523	552		5.6%
 Commercial properties (Investment)	171	180		5.3%
 Commercial properties (Trading)	29	36		24.1%
 Residential properties (Investment)	125	139		11.2%
 Residential properties (Trading)	198	198		0.0%

Strong portfolio through active management & continuous development 3. Property portfolio & pipeline

17 Half-year results 2016

Well-filled project pipeline 3. Property portfolio & pipeline

Investment properties for our own portfolio

Under construction: CHF 340 million (PY 340 million) In planning: CHF 400 million (PY 400 million)

Condominiums for sale

2016 2017 2018 2019

Under construction: CHF 100 million (PY 100 million) In planning: CHF 100 million (PY 100 million)

18 Half-year results 2016

Buildings completed first half-year 2016 3. Property portfolio & pipeline

• 72 rental apartments (fully let)
• 24 condominiums (thereof 18 sold)

Planned building starts in 2016/17 3. Property portfolio & pipeline

Kriens, Mattenhof	● Start of the realisation of the urban, mixed used living area Mattenhof in Kriens ● Thanks to the key tenant Swisscom an occupancy rate of over 60% could be reached
Aarau, Torfeld 2	● Construction start of the 167 rental apartments in the Aeschbach district
Aarau, Aeschbachhalle	● Renovation of the former factory building ● The key tenant for the Aeschbachhalle was found in June 2016
Lausanne, Les Garages	● The project "Les Garages" will emerge from former car garages, which are being converted into modern, modular spaces

Investments for Third Parties 3. Property portfolio & pipeline

Langenthal, Headquarter 3M

• Office building
• 350 workplaces
• Completion in the first half of 2016
• Transfer of property on 05.07.2016

Zurich, Manegg

• Residential building
• Commercial
• Development: 2019-2021

Killwangen, Zürcherstrasse

• Residential building
• Development: 2017-2019

Kriens, Sternmatt II

• Residential and office buildings, retail
• Development: 2016-2019
• Sale of land as at 22.01.2016, project development by Mobimo

Versatile site development 3. Property portfolio & pipeline

Selected subjects 3. Property portfolio & pipeline

Rental income	● Increase in the rental income despite the sale of investment properties ● Selected objects in the attractive pipeline generate rental income over CHF 30 million
Real estate evaluation	● Market demand leads to positive revaluation developments, especially in rental properties ● Positive value development of properties enhances attractiveness for development of objects for the own portfolio
Result	● Record result for the first half-year, both incl. and excl. revaluation
Interest rate development	● Low interest rate environment offers potential for more favourable financing
Pipeline expansion	● Strengthening of the existing pipeline and service offering for third parties through majority participation in BSS&M Real Estate AG

4. Outlook & Summary

Strategy	● Expansion of the Investments for Third Parties business area
Operating business	● Increase in rental income and low vacancy rates ● Integration of the Geneva portfolio ● Rigid cost control and risk management
Property portfolio	● Secure realisation of different building projects ● Continuous quality optimisation of the portfolio
Market for property transactions	● Continous examination of further acquisition and sale opportunities

Mobimo – Well-equipped for the future 4. Outlook & Summary

Stable income	● High value portfolio on exceptional locations ● Diversified ● Low vacancy rate
Growth and increasing income	● Attractive investment pipeline secured on exceptional locations
Security	● High equity ratio and long-term funding
Know-how	● Competent and committed Mobimo team
Yield	● Share with attractive yield ● Dividend of CHF 10.00 per share ● Free of withholding tax for private shareholders

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
• Several successful years as CEO and member of the BoD 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

The right strategy for qualitative growth and stable returns Annex

Capital gains	Appreciation in value	Rental income
• Profit on trading properties and services • Profit on sale of investment properties	. Increasing total value of the portfolio • Quality optimisation of the portfolio • High level of customer satisfaction • Net income from revaluation	• Stable and growing rental income • Net rental income • Return on equity incl. / excl. remeasurement • Gross yield from investment properties • Net yield from investment properties • Vacancy rate

Investment for third parties	Development properties	Investment properties
Buying/selling	Development	Portfolio management	Solid financing
• Successful acquisitions • Good regional and user- specific diversification	• Many aspects to site development • Planning and realising residential and commercial properties • Planning and realising condominiums for third parties . Considering the needs of the environment	· Strategic development • Portfolio optimisation · Considering environmental, economic and social aspects • Reacting quickly and flexibly to changes in the market	. Appropriate equity ratio for further qualitative growth • Long term guaranteed financing at excellent conditions

Rental income as an essential revenue pillar Annex

• Increase of 7.9% compared to the prior year
• Rental income has more than doubled since the IPO (increase of 166%)
• This rise is mainly based on
• new entry of completed properties into our own portfolio
• successful acquisitions

Long-term financing at excellent conditions Annex

• As at the reporting date 30.06.2016, the average interest rate was 2.39%
• Unchanged future interest rate environment for financing

	31.12.2015	30.06.2016
Ø residual maturity	7.7 years	7.3 years
Ø rate of interest	2.46%	2.39%

Shareholder structure Annex

• Free float as at 30.06.2016: 100% (as per SIX Swiss Exchange definition)
• The following shareholders held 3% or more of the share capital as at 30.06.2016:
• BlackRock, Inc., 4.97%
• Zuger Pensionskasse, 3.38%

Profitable and fast-growing portfolio Annex

• Portfolio of investment properties went up due to acquisitions and developments in the project pipeline
• Targeted development of residential and commercial properties for the company's own portfolio
• Quality of the portfolio is being further optimised with newly built investment properties
• Share of investment properties is 79% of the overall portfolio

Positive share price development Annex

• Positive development of the liquidity in the first half-year 2016
• The average number of shares traded daily was 12,521 (HY 2015: 12,387 shares / FY 2015: 11 638 shares)
• Thereby a turnover of CHF 344 million was achieved (HY 2015: CHF 319 million)

Key share figures Annex

	30.06.2013	30.06.2014	30.06.2015	30.06.2016		PY change
Shares issued (Number)	6,214,478	6,216,606	6,218,170	6,218,170		0.0%
Share capital (CHF million)	180.2	180.3	180.3	180.3		0.0%
Market capitalisation (CHF million)	1,194.4	1,168.7	1,184.6	1,378.6		16.4%
Share price as at 30.06.2016 (CHF)	192.20	188.00	190.50	221.7		16.4%
Distribution for prior year (CHF)	9.00	9.50	9.50	10.00		5.3%
(CHF)1) NAV per share	193.51	191.03	191.91	203.89		6.2%

1) As at the 30th June 2016 the NAV corresponds to the diluted NAV.

36 Half-year results 2016

Focus on the main economic areas Annex

Well-balanced and stable portfolio mix Annex

• Portfolio mix is optimised on an ongoing basis
• Residential component is gradually being increased through the planning and construction of investment properties for the own property portfolio
• Residential component in the target area of 30%
• Residential use, office use and other commercial uses each account for approximately 30% of the investment portfolio

The five biggest tenants Annex

• Well-diversified tenant structure
• The five biggest tenants generate 20.6% of the rental income

Address	Fair value 30.06.16 in TCHF	Use
Zurich, Mobimo Tower Hotel Turbinenstrasse 20	126,440	Hotel
Lausanne, Horizon 4-6 Avenue d'Ouchy 4-6	126,070	Commercial property
Affoltern a. A., Obstgartenstr. 9 / Alte Obstfelderstr. 27/29, 31-35	104,100	Nursing home, Rental and retirement apartments
Lausanne, Ilot du Centre Rue Beau Séjour 8	92,920	Rental apartments

1) Total fair value CHF 1,064 million

Address	Fair value 30.06.16 in TCHF	Use
Zurich, Friesenbergstrasse 75 / Im Tiergarten 7	90,310	Commercial property
Lausanne, Petit Mont-Riond Rue Voltaire 2-12	65,790	Rental apartments
Lausanne, Les Merciers Voie du Chariot 4-7	63,320	Commercial property
Kreuzlingen, Ziil Center Leubernstrasse 3	61,152	Commercial property

1) Total fair value CHF 1,064 million

Address	Fair value 30.06.16 in TCHF	Use
Zurich, Hochhaus Hardturmstrasse 3	59,060	Commercial property
Zurich, Letzigraben 134-136	58,650	Rental apartments
Regensdorf, Sonnenhof Schulstrasse	56,400	Rental apartments
Zurich, Apollo Stauffacherstrasse 41	49,460	Commercial property

1) Total fair value CHF 1,064 million

Address	Fair value 30.06.16 in TCHF	Use
Lausanne, Les Pépinières Rue des Côtes-de-Montbenon 20-24	41,160	Commercial property
Onex, Avenue des Grandes-Communes 21-23-25	37,270	Rental apartments
Lausanne, Rue de Genève 7	31,760	Commercial property

Investment properties under construction: CHF 340 million invested Annex

Condominiums under construction: CHF 100 million invested Annex

Investment properties in planning: CHF 400 million invested Annex

Condominiums in planning: CHF 100 million invested Annex

	2016	2017	2018	2019
Merlischachen, Burgmatt		78 condominiums
Weggis, Hertensteinstrasse	Sale of lot

Site development: Aarau - Aeschbach district «AQA» Annex

SITE AREA 55,000 m² (incl. park)

USE

1,100 work places, 92 condos, 167 rentals, retail, catering, commercial

INVESTMENT approx. CHF 170 million (excl. Third Parties)

LOCATION Central, next to Aarau main station

Site development: Allaman VD Annex

SITE AREA 23,213 m²

USE (PLANNED) 300 compact apartments (26,100 m² HNF) and 287 parking spaces

RENT

Tenants: logistics, rental agreements run until 31.12.2019

LOCATION

Wine village in the south-west of Morges, right next to the train station, light hillside location towards the lake

Site development: 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 (project with the cities Nidau and Biel)

INVESTMENT approx. CHF 350 million

LOCATION

In immediate vicinity of the lake and near the train station

Site development: Lausanne - «Flon Vision 2025» Annex

2017	2018	2019	2020	2021	2022	2023

SITE AREA 55,000 m²

USE

Further development of the Flon district

INVESTMENT approx. CHF 200 million

LOCATION

Central, in immediate vicinity of the underground station

Site development: Lausanne - Rasude Annex

2017	2018	2019	2020	2021	2022	2023

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 million

LOCATION Lausanne train station

Site development: Lucerne South – Mattenhof (Kriens) Annex

SITE AREA 25,000 m²

USE

Office, commercial, hotel, apartments, retail, catering

INVESTMENT approx. CHF 260 million

LOCATION

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

Site development: Zurich Oerlikon - Rheinmetall Annex

GROSS FLOOR SPACE 53,000 m²

USE

Residential (condos/rentals), office, commercial, catering, events

INVESTMENT approx. CHF 500 million

LOCATION

In immediate vicinity of Oerlikon train station