Capital Markets Day: Mobimo offers deeper insights into key projects and
pipeline

Mobimo Holding AG / Key word(s): Conference/Real Estate
Capital Markets Day: Mobimo offers deeper insights into key projects and
pipeline

18.04.2024 / 07:00 CET/CEST

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Press release


Capital Markets Day: Mobimo offers deeper insights into key projects and
pipeline

Lucerne, 18 April 2024 - Mobimo is welcoming investors, analysts,
representatives of lenders and members of the media to its Capital Markets
Day in Zurich today. The company's six-member Executive Board will provide
deeper insights into key projects and the project pipeline.

To begin the event, Daniel Ducrey, CEO of Mobimo, will give a summary of
Mobimo's three strategic pillars: increasing rental income, securing
development profits and protecting equity. 'In recent years, we have
operated successfully along these strategic priorities, and we have the
necessary pipeline of projects to achieve our goals in the coming years',
explains Ducrey.

In terms of the company's own investment portfolio, Mobimo is about to start
construction on the next stage of development on the Torfeld Süd site in
Aarau ('Aeschbachquartier'). An investment volume of around CHF 68 million
is enabling a timber construction building with 76 units for families and
another residential building with 50 smaller units to be built on the site
of an existing property on Site 3 by mid-2026.

Lausanne, Quartier du Flon: 'Hidden Champion' of Mobimo's portfolio

One of Mobimo's core areas of expertise is how to develop sites into vibrant
urban spaces with a variety of purposes. Over the last few decades, the
Quartier du Flon in Lausanne has developed from a goods handling centre into
one of the most fashionable shopping and nightlife districts that is known
far beyond the region. According to Gerhard Demmelmair, Head of Portfolio &
Transactions, around CHF 115 million has been invested in the development
there since 2012. The Quartier du Flon sees over 7.5 million visitors a
year.

Condominium projects: a large number in the pipeline

In addition to the condominium project already under construction in
Oberägeri ('Edenblick'), four further projects are currently planned up
until the end of 2026. Jörg Brunner, CFO, explains, that Mobimo's accounting
policy is based on the percentage of completion methodology. Therefore,
income and profits from condominium projects will be spread over the next
few years. Provided that the projects are realised on time. Delays in
obtaining building permits or in the progress of construction or sales can
lead to postponements to later years. Mobimo is currently estimating that
the current pipeline can be financed without additional equity.

Marco Tondel, Head of Development & Chief Sustainability Officer (CSO), will
show Mobimo's approach to grey energy in construction projects, using the
example of the successful conversion project on Talwiesenstrasse
('Tiergarten') in Zurich to explain. Christoph Egli, Head of Property
Management, will present how Mobimo has been able to achieve significant
efficiency gains thanks to the digitalisation of property management.

Medium-term outlook: positive developments expected

Daniel Ducrey will give a generally favourable outlook for the future. He
says, 'Until the end of the 2026 financial year, we are currently assuming
average growth in rental income of around 2% p.a., driven by the projects
currently in the pipeline for the investment portfolio. Provided that the
condominium projects run as planned, slightly higher contributions from the
development business can be expected over the next few years. On a
multi-year average, we consider an annual profit contribution of slightly
over CHF 20 million to be realistic.' Despite the recent fall in interest
rates, Mobimo anticipates that financing costs will rise over the next few
years. 'Mobimo will continue to pursue an attractive dividend policy,' says
Ducrey.

Under guidance from Vinzenz Manser, Head of Realisation, the Capital Markets
Day will be rounded off with a tour of two Mobimo residential construction
projects in Zurich that were completed last year.

Presentations for download

The presentations for today's Capital Markets Day are available for download
at https://www.mobimo.ch/en/investors/capitalmarketsday.

Upcoming events:

2 August 2024: Publication of 2024 half-year results

If you have any queries, please contact:

Contact for analysts and investors:

Stefan Feller, Head of Investor Relations

ir@mobimo.ch

+41 44 397 11 97


Contact for media:

Anthony Welbergen, Head of Corporate Communication

medien@mobimo.ch

+41 44 397 11 86


www.mobimo.ch

About Mobimo:

With a broadly diversified real estate portfolio that has a total value of
approximately CHF 3.6 billion, Mobimo Holding AG is one of the leading real
estate companies in Switzerland. Its portfolio comprises residential and
commercial properties, along with development properties both for the
company's own portfolio and for third parties. The properties are in
first-class locations in German-speaking and French-speaking Switzerland.
The buildings are characterised by balanced diversification and diligent
management. Mobimo uses its development projects to strengthen its income
base and boost the intrinsic value of its portfolio. The company also
creates investment opportunities for third parties through its development
services. Mobimo has around 170 employees.


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End of Media Release

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1883127 18.04.2024 CET/CEST