Results presentation as at 31 December 2017

IGD’s main results are:

• Group net profit: €86.5 million (+26.5%)
• Recurring net income (FFO): €65.6 million (+21.7%); above guidance (+20%)
• Core business revenue: €145.1 million, +6.0% (LFL Italy +1.5%, Romania +5.4%)
• Sales of retailers in Italian malls +4.3%; significant upside on renewed leases (Italy +4.9%; Romania +2.1%)
• Further significant drop in the average cost of debt (2.8% vs. 3.3%); Loan to Value 47.4%
• Market value of the portfolio: €2,228.2 million (+2.3%); LFL +1.3%
• EPRA NNNAV per share: €13.7 (+6.3%)
• Dividend: Board of Directors intends to propose a dividend of around 50-52 euro cents (including the new shares issued as a result of the capital increase currently underway), upon definition of the final terms of the capital increase
• Approval of the eighth Corporate Sustainability Report (introducing the new approach “becoming GREAT”), certified for the first time

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