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Investors’ Presentation 11.09.2018

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Page 1: Investors’ Presentation 11.09 - BriQ Properties · Investors’ Presentation 11.09.2018 . Quest Group 84,5% BriQ at a glance Key facts : • REIC operating license received 31/5/2016

Investors’ Presentation11.09.2018

Page 2: Investors’ Presentation 11.09 - BriQ Properties · Investors’ Presentation 11.09.2018 . Quest Group 84,5% BriQ at a glance Key facts : • REIC operating license received 31/5/2016

Quest Group 84,5%

BriQ at a glance

Key facts :

• REIC operating license received 31/5/2016

• Company registered 21/10/2016

• ASE listed since 31/07/2017

• 11 properties of € 29,3M value

• Share Capital : €27,8M

• Shareholders : Th. Fessas: 52,16%, E. Koutsoureli: 26,49%, Free float: 21,35%

Key tenants (*)

36%

30%

7%

5%

4%

• % of annualized rent as of 30.06.2018

Offices: 5Logistics: 3Retail: 1Mixed use: 1Special use: 1Total number of properties: 11

5

North Suburbs Number of properties: 3

Fin

an

cia

l M

etr

ics

(amounts in € 000’s) 31.08.18(1)

Diff.(1) (2)

31.12.17(2)

Diff.(1) (3)

30.06.17(3)

Number of Properties 11 22,2% 9 57,1% 7

Value of Properties 29.281 11,1% 26.346 20,5% 24.306

NAV 28.630 (*) 1,3% 28.268 3,1% 27.757

NAV / share (€) 2,40 (*) 1,3% 2,37 3,1% 2,33(*) As of 30.06.2018

Page 3: Investors’ Presentation 11.09 - BriQ Properties · Investors’ Presentation 11.09.2018 . Quest Group 84,5% BriQ at a glance Key facts : • REIC operating license received 31/5/2016

BriQ PortfolioOffices: € 18,9M (64,5%)

Logistics: € 8,5M (29,2%)

Special Use: € 1,0M (3,5%) Retail: € 0,8M (2,8%)

19-23, Al. Pantou Str, Kallithea

125-127, Kifissou Av, Rentis

25, Al. Pantou Str, Kallithea 2A, Argyroupoleos Str, Kallithea

42, Poseidonos Av, Kallithea 1, Alamanas Str, Maroussi (Euroco)

27, Al. Pantou Str, Kallithea

65, Loutrou Str, Acharnes119, Kifissou Av, Rentis

18, Filellinon Str, Chalandri283, Kifisias Av, Kifisia

Total Portfolio: € 29,3M

Revenues (annualized): € 2,22M

Gross Yield (annualized): 7,6%

Occupancy: 97,8%

Page 4: Investors’ Presentation 11.09 - BriQ Properties · Investors’ Presentation 11.09.2018 . Quest Group 84,5% BriQ at a glance Key facts : • REIC operating license received 31/5/2016

4

KPI’s

(amounts in € 000’s)

Notes: (1) Does not include revaluation profit and non-recurring listing expenses incurred in H1 2017 (2) H1 2018 includes an amount of €48K paid in repairs (H1 2017 : € 6K) and € 22K expenses incurred for new acquisitions

(amounts in €000's) 30.06.2018 Diff 30.06.2017 31.12.2017

No of Properties (#) 9 28,57% 7 9

Investments in Properties (B/S) 26.516 9,82% 24.144 26.168

(amounts in €000's) H2 20182018 vs

2017H1 2017 FY 2017

Revenues 1.003 6,3% 944 1.885

Operating Income 888 76,2% 504 1.758

EBITDA 892 75,9% 507 1.119

EBITDA (adj.) (1) (2) 552 -4,7% 579 1.250

EBT 888 67,2% 531 1.112

Net Profit (after tax) 779 82,9% 426 940

Funds from Operations (F.F.O.) 384 -29,0% 541 1.088

Gross Margin 88,5% 53,4% 93,3%

EBITDA (adj.) Margin 55,0% 61,3% 66,3%

EBITDA (adj.) / Properties 5,0%

EBT / Properties 4,5%

Net Profit / Properties 3,8%

Page 5: Investors’ Presentation 11.09 - BriQ Properties · Investors’ Presentation 11.09.2018 . Quest Group 84,5% BriQ at a glance Key facts : • REIC operating license received 31/5/2016

5

Company Outlook

Grow RE Portfolio to over € 100M in the next 1-2 years

Raise new equity (€ 50-60M) to finance acquisitions

Use moderate leverage (< 40%)

Maintain gross yield at high levels (> 7,0%)

Page 6: Investors’ Presentation 11.09 - BriQ Properties · Investors’ Presentation 11.09.2018 . Quest Group 84,5% BriQ at a glance Key facts : • REIC operating license received 31/5/2016

2,29 €

2,33 €

2,37 €

2,40 €

2,22 €

2,24 €

2,26 €

2,28 €

2,30 €

2,32 €

2,34 €

2,36 €

2,38 €

2,40 €

2,42 €

31.12.16 30.06.17 31.12.17 30.06.18

NAV per share

5% increase in 1,5 years

Page 7: Investors’ Presentation 11.09 - BriQ Properties · Investors’ Presentation 11.09.2018 . Quest Group 84,5% BriQ at a glance Key facts : • REIC operating license received 31/5/2016

7

Share & Shareholders Structure

Closing Price € 1,85Closing price € 1,91

-20,00%

-15,00%

-10,00%

-5,00%

0,00%

5,00%

10,00%

15,00%

31/7/2017 31/8/2017 30/9/2017 31/10/2017 30/11/2017 31/12/2017 31/1/2018 28/2/2018 31/3/2018 30/4/2018 31/5/2018 30/6/2018

BriQ Properties General Index

Market Capitalization: € 22M

Number of Shares: 11.921.531

NAV / share (30.06.18): € 2,40

Closing share price (10.09.18): € 1,82

Discount to NAV: 24%

Dividend / share (paid 30.04.18): € 0,035

Th.Fessas52,2%

E.Koutsoureli

26,5%

FreeFloat21,3%

Page 8: Investors’ Presentation 11.09 - BriQ Properties · Investors’ Presentation 11.09.2018 . Quest Group 84,5% BriQ at a glance Key facts : • REIC operating license received 31/5/2016

Disclaimer

This document might contain estimations and forward-looking statements relating to theCompany’s future business, development and economic performance. It also includes statementsfrom sources that have not been independently verified by the Company.

Such statements may be subject to a number of risks, uncertainties and other important factors,such as but not limited to:

Competitive pressures

Legislative and regulatory developments

Global and local macroeconomic and political trends

Fluctuations in currency exchange rates and general financial market conditions

Delay or inability in obtaining approvals from authorities

Technical development

Litigation

Adverse publicity and news coverage, which would cause actual development and results todiffer materially from the statements made in this document

BriQ Properties assumes no obligation to update or alter such statements whether as a result ofnew information, future events or otherwise.

Page 9: Investors’ Presentation 11.09 - BriQ Properties · Investors’ Presentation 11.09.2018 . Quest Group 84,5% BriQ at a glance Key facts : • REIC operating license received 31/5/2016

Thank You

Address: 25, Al. Pantou Str., 176 71, Kallithea, Tel: +30 211 9991627Website: www.briqproperties.gr, e-mail: [email protected]