PRESS CONFERENCE O1 GROUP LIMITED ACQUIRES 16% STAKE IN CA IMMO

PRESS CONFERENCE
O1 GROUP LIMITED ACQUIRES 16% STAKE IN CA IMMO
Bruno Ettenauer, CEO CA Immo
Florian Nowotny, CFO CA Immo
Dmitry Mints, Board member O1 Group
Michael Stanton, CIO O1 Properties
October 7th 2014
Facts and Figures
 Market cap
€ 1.6 bn
 Portfolio value
€ 3.6 bn
 Standing investment portfolio
€ 3.0 bn
 Total usable space
2.4 mn sqm
 Portfolio yield
6.9 %
 Portfolio occupancy
89 %
 Equity ratio
50 %
 Loan-to value
42 %
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Strategy
Office Investor/Developer in CE
CORE BUSINESS AND MARKETS
 Core Competence: Development and Asset
Management of extensive and modern office
properties in Austria, Germany and CEE
 Core strengths

Real estate development in Germany
 Office asset portfolio in CEE
 Local Asset Management
Portfolio (€ 3.6 bn)
707
20%
1.541
43%
Austria
1.321
37%
Germany
CEE
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CA Immo Group at a glance
Office investor/developer in Central
Europe
Total portfolio (€ 3.57 bn)
1.321
37%
Austria
8%
707
20%
1.541
43%
Investment portf. (€ 2.95 bn)
7%
Austria
10%
Germany
10%
24%
Germany
14%
 Core expertise: development, ownership and
management of large and modern office properties in
Central Europe
Poland
 Three core regions: Austria, Germany, CEE
Hungary
 Six core countries: Austria, Germany, Poland, Hungary,
the Czech Republic, Romania
Romania
27%
CEE
BUSINESS PROFILE
Czech Republic
Other***
 Focus on core office properties
 Total property assets: €3.57bn
 Investment portfolio (income-producing): €2.95bn
Inv. portfolio (€ 2.95 bn)
Shareholder structure **
1%4%
7%
17%
Office
7%
MARKET PROFILE
 Market capitalisation: approx. €1.6bn
Logistics
9%
72%
Retail
UniCredit Bank
Austria
Hotel
Freefloat
Residential
83%
 Listed on the Vienna Stock Exchange since 1988
(ATX member since March 2011)
 Bloomberg: CAI:AV
 Reuters: CAIV.VI
Other
 ISIN: AT0000641352
* Slovakia, Serbia, Bulgaria, Slovenia, Croatia, Ukraine
** as at September 30 2014
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Strategy
Repositioning of the CA Immo Group
gathers pace
Strategy 2012-2015
20 % of portfolio
sold above book
value in 2013
 € 1.3 bn sold above book value
 Partial sale of Tower 185
 Sale of Hesse portfolio
Increases in
operational earnings
 Funds from operations (FFO)
raised in first half of 2014
despite sales-related fall in
rental income
 Increase in FFO guidance
Transformational measures implemented
Profitable balance sheet
objectives achieved
 Equity ratio increased from 30 %
to 50 %
 Reduction in loan-to-value (LTV)
from 60 % to 40 %
NAV growth
 NAV increased by 6 % in 2013
(+2 % dividend payment)
Reduction in minorities
 Buy-out of minority partners in
Eastern Europe portfolio well
below NAV
Enhanced risk profile
 Stronger equity basis
 Increase in sustainable cash flow
 Reduction in unsecured
financing
Real estate development
 Projects successfully completed
in Germany
 New development projects
driving organic growth
Dividends
 Dividend raised to € 0.40 per
share in 2013
 Focus on further enhancement
to dividend capacity
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4Q14
Positive market reaction to implemented
measures
Share Performance
22
20
18
16
2013: +21%
Source: Bloomberg, CA Immo
2014 YTD: +25%
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12
10
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Share price
Aktienkurs
Transaction price
Transaktionspreis
O1O1
EPRA NNNAV
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New main shareholder: O1 Group Limited
CA Immo stance
 Strategic investor with long-term outlook
Stability
 Focus on profitability and dividends Expansion in earnings/dividend in
accordance with the interests of all CA Immo shareholders
 Support for strategy adopted by the company Consolidation of competitive
position (no change of strategy, making CA Immo stronger still)
 No conflicts of interest or frictional losses The motivation for O1 to invest lies in
gaining access to a real estate platform in Central Europe that is scalable and
focused on high quality office properties (activity on various markets deliberate
diversification)
 High expertise of main shareholder in office property segment
O1 Properties
 Strong commitment to shareholder-friendly corporate governance No utilisation
of right to appoint Supervisory Board members directly as associated with golden
shares
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New main shareholder: O1 Group Limited
Next steps
 Closing, which is subject to the usual conditions precedent (and especially
authorisation from the antitrust authorities), is scheduled for November 2014
 Voluntary takeover bid: O1 Group Limited plans to present a voluntary takeover bid
to the shareholders of CA Immo for a quantity which, together with the shares
acquired from UniCredit, would make up 26 % of the then outstanding share capital
of CA Immo. The bid price for the voluntary partial takeover bid will match the price
of the UniCredit proportion at € 18.50 per share Exit possibility for shareholders
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Corporate Communications
Contact
Susanne Steinböck
Head of Corporate Communications
Tel.: +43 (1) 532 59 07 533
E-Mail: susanne.steinboeck@caimmo.com
www.caimmo.com
DISCLAIMER
This presentation handout serves marketing purposes in Austria and constitutes neither an offer to sell, nor a solicitation to buy any securities, nor investment advice nor financial analysis. Any public offer of securities of CA
Immobilien Anlagen AG may be made solely by means and on the basis of a prospectus prepared and published in accordance with the provisions of the Austrian Capital Markets Act and approved by the Austrian Financial Market
Authority. If a public offer is undertaken in Austria, a prospectus will be published copies of which will be available free of charge at the business address of the Issuer, Mechelgasse 1, 1030 Wien, during regular business hours and
on the website the Issuer www.caimmo.com. Any public offer will be undertaken solely by means and on the basis of a prospectus prepared and published in accordance with the provisions of the Austrian Capital Markets Act and
approved by the Austrian Financial Market Authority.
This presentation handout contains forward-looking statements and information. Such statements are based on the Issuer's current expectations and certain presumptions and are therefore subject to certain risks and
uncertainties. A variety of factors, many of which are beyond the Issuer's control, affect its operations, performance, business strategy and results and could cause the actual results, performance or achievements of the Issuer 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. The Issuer does 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 handout is not for distribution in or into the United States of America and must not be distributed to U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended ("Securities Act"))
or publications with a general circulation in the United States.
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delivered within the United States or to U.S. persons absent from registration under or an applicable exemption from the registration requirements of the United States securities laws. There will be no public offer of securities of
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This presentation handout is directed only at persons (i) who are outside the United Kingdom or (ii) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and
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