MLP Group (MLG) Investor presentation summary

Transaction overview

• Issuing €100m senior unsecured green notes, fungible with existing 6.125% notes due Oct 2029, to fund opportunistic land acquisitions and new developments.

• Pro forma total debt rises to €935m, with net total debt at €705m post-transaction.

• Main shareholder Cajamarca Holland B.V. holds 42.69% of shares; other Israeli investors and shareholders hold the remainder.

• Net total LTV stands at 44% and net debt to run-rate adjusted EBITDA at 9.9x as of March 2026.

Business model and strategy

• Vertically integrated platform focused on Class A, multi-tenant warehouse and industrial properties in Poland, Germany, Austria, and Romania.

• Strategic emphasis on city/urban logistics in core urban areas with high demand and limited supply.

• Portfolio is young and modern: 60% of GLA developed in the last 5 years, 85% of assets under 10 years old.

• Growth driven by nearshoring, manufacturing demand, and urban logistics trends across Europe.

Operational and leasing performance

• 1.7m sqm GLA and 2.1m sqm land bank as of March 2026.

• 99% tenant retention, WAULT of 7.6 years, and 95% long-term occupancy.

• Record Q1 2026 leasing: 65,806 sqm (+189% YoY), €4.6m new annualized rent (+245% YoY), and 217,000 sqm under construction.

• 85% of portfolio BREEAM or DGNB certified; 31% of rental income from top 10 tenants.