Aroundtown Property Holdings Plc. / Key word(s): Quarterly / Interim Statement/Real Estate 27.05.2016 06:50 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS AROUNDTOWN PROPERTY HOLDINGS PLC OPENS 2016 WITH OUTSTANDING OPERATIONAL PERFORMANCE AND IS WELL POSITIONED TO REALIZE THE DEAL PIPELINE - Rental and operating income at EUR50 million, up 149% YOY - EBITDA amounted to EUR286 million. Adj. EBITDA increased to EUR 53 million, up 87% YOY - Net profit amounted to EUR 230 million, EPS (basic) at EUR0.27 - FFO I at EUR 33 million, up 73% YOY - FFO I per share increased to EUR5.5 cents, up by 45% YOY - EPRA NAV EUR 3.3 billion; EPRA NAV including April 2016 equity increase at EUR3.6 billion up 17% from Dec 2015 - Low leverage with LTV at of 38.5%. After conversion of convertible bond series in the money and including the April 2016 equity increase LTV is down to 19.3% - Conservative capital structure also evident in an equity ratio of 55.5%, up to 61.5% including April 2016 equity issuance, supported by high Interest Coverage Ratio of 4.6x - Well positioned for further acquisitions, supported by strong cash firepower steaming from April 2016 EUR267 million equity increase and EUR600 million bond issuance 27 May 2016. High operational growth reflecting the substantial year-over-year internal and external portfolio growth AT recorded remarkable operational performance in the first 3 months of 2016, reflected in the strong growth of adjusted EBITDA and FFO I. The increased performance is a result of internal growth, arising from the success of the turnaround of the portfolio, and from external growth achieved by accretive and granular acquisitions. The FFO I per share amounted to EUR5.5 cent in the first three months of 2016, up 45% in comparison to the first quarter of 2015, validating the continuous operational return to shareholders. Continuing the strong value creation steaming from the materializing of the upside potential embedded in the Group's assets AT kept its strong growth momentum of 2015 into the first quarter of 2016, performing various acquisitions in the Company's main focus areas thereby widening its current income base as well as adding significant internal growth opportunities going forward. As a result, EPRA NAV climbed to EUR3.3 billion at the end of March 2016 and to EUR3.6 billion on a pro forma basis, including the recent equity capital issuance from April 2016. AT has continued the external portfolio growth in the second quarter of 2016 and as of June 2016 the Group generates a monthly annualized adjusted EBITDA of EUR250 and an annualized FFO I of EUR160 million. The Company has the operational platform to further capture and materialize the turnaround potential in its current asset base. Building a stronger and well balanced capital structure to cater additional portfolio growth In April 2016, AT raised EUR267 million through a successful equity capital increase and additional EUR600 million through an issuance of 6-year straight bonds bearing a coupon of 1.5%. As a result, AT has further strengthened its equity and debt structure. The low leverage and the high amount of acquisition firepower provide a substantial headroom for the Company to pursue attractive growth opportunities. The full Q1 2016 interim financial report is available on the Company's website: www.aroundtownholdings.com/downloads.html About the Company Aroundtown Property Holdings PLC is a specialist real estate company focused on value-add income generating properties primarily in the German real estate markets. Aroundtown Property Holdings PLC (ISIN: CY0105562116) is a public limited liability company incorporated under the laws of Cyprus, having its registered office at Artemidos & Nikou Dimitriou, 54 B, 6027, Larnaca, Cyprus (registered number HE148223). Contact: Timothy Wright T: +357-2420-1312 E: [email protected] www.aroundtownholdings.com Disclaimer: THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED STATES. THIS ANNOUNCEMENT IS DIRECTED AT AND IS ONLY BEING DISTRIBUTED IN THE UNITED KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE "ORDER"), (II) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED FALLING WITHIN ARTICLE 49 OF THE ORDER, AND (III) PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). THIS COMMUNICATION MUST NOT BE READ, ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS. IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA ("EEA"), THIS ANNOUNCEMENT AND ANY OFFER IF MADE SUBSEQUENTLY IS DIRECTED ONLY AT PERSONS WHO ARE "QUALIFIED INVESTORS" WITHIN THE MEANING OF ARTICLE 2(1)(E) OF DIRECTIVE 2003/71/EC, AS AMENDED (THE "PROSPECTUS DIRECTIVE") ("QUALIFIED INVESTORS"). ANY PERSON IN THE EEA WHO ACQUIRES THE SECURITIES IN ANY OFFER (AN "INVESTOR") OR TO WHOM ANY OFFER OF THE SECURITIES IS MADE WILL BE DEEMED TO HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR. ANY INVESTOR WILL ALSO BE DEEMED TO HAVE REPRESENTED AND AGREED THAT ANY SECURITIES ACQUIRED BY IT IN THE OFFER HAVE NOT BEEN ACQUIRED ON BEHALF OF PERSONS IN THE EEA OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE SECURITIES BEEN ACQUIRED WITH A VIEW TO THEIR OFFER OR RESALE IN THE EEA TO PERSONS WHERE THIS WOULD RESULT IN A REQUIREMENT FOR PUBLICATION BY THE COMPANY OR ANY OF THE JOINT BOOKRUNNERS OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS DIRECTIVE. THIS ANNOUNCEMENT MAY CONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS AND OBJECTIVES RELATING TO OUR FUTURE OPERATIONS, PRODUCTS, OR SERVICES, FUTURE FINANCIAL RESULTS, OR ASSUMPTIONS UNDERLYING OR RELATING TO ANY SUCH STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT TO RISKS AND UNCERTAINTIES, MANY OF WHICH ARE BEYOND THE CONTROL OF AROUNDTOWN PROPERTY HOLDINGS PLC. ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING ON A NUMBER OF FACTORS. 27.05.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de ---------------------------------------------------------------------------