Deutsche EuroShop | Company Presentation | 01/20

COMPANY
PRESENTATION
JANUARY 2020

COMPANY
Shopping centers are
attractive investments
because of
 Continuously positive
development of cash flow
 Stable long term growth
across market cycles
 Differentiation through
first-class locations and
excellent operator
standards
Goals:
 Long-term, qualitative
growth
 Sustained increase in the
value of the real estate
portfolioLänder-Portfolio
 Germany (share ≥75%)
 Stable economies close to
Germany
Deutsche EuroShop is
Germany´s only public
company that invests
solely in shopping centers
 Going public: 2001
 Market capitalisation:
approx. €1.5 billion
 > 24,000 shareholders
 > 80% free float
 Dividend yield: ~ 6.2%1
1Share price on 15 January 2020: 24.80€ (dividend guidance 2019: €1.55)
Profile and Equity Story
1

COMPANY
At a Glance
1 100%-view
² as % of market rent
2019 portfolio valuation:
approx. 5.1% net initial yield
(after transaction costs)
Professional center management
by ECE, the European market
leader in this industry
21 shopping centers on high
street and in established
locations – 17 in Germany and
one each in Austria, Czech
Republic, Hungary and Poland
Lettable space1 approx. 1,087,000 sqm
Retail shops1 approx. 2,700
Market value1 approx. €5.0 billion (DES-share €4.0 bn.)
Rents per year1 €300 million (DES-share €240 mn.)
Occupancy rate1, 2
98%
avg. GLA per DES-center:
inner city 40,400 sqm
est. locations 99,900 sqm
2

COMPANY
695
684
787
898
974
978
1,044
1,442
1,473
1,606
1,642
1,751
2,061
2,241
2,575
2,571
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Targets
Deutsche EuroShop prefers a stable increase of cash flow and portfolio value over the shortterm success.
SHAREHOLDER EQUITY
€ million
Long term NAV
enhancement
Buy & hold strategy:
portfolio growth
• by acquisition of new
shopping centers
• by increasing existing
amounts of holdings
• by expansion of
portfolio centers
Investment focus:
min. 75% Germany
max. 25% Europe
Attractive
dividends
3

SHOPPING CENTERS
Germany
SAARPARK-
CENTER
CITY-
GALERIE
CITY-
POINT
RATHAUS
CENTER
ALLEE-
CENTER
PHOENIX-
CENTER
HEROLD-
CENTER
BILLSTEDT-
CENTER
ALLEE-
CENTER
STADT-
GALERIE
A10
CENTER
STADT-
GALERIE
Norderstedt
Wildau/Berlin
Magdeburg
Dessau
Dresden
Neunkirchen
Passau
Hamm
Hamburg
Wolfsburg Hameln
Kassel
Wetzlar
CITY-
ARKADEN
Wuppertal
ALTMARKT-
GALERIE
FORUM
MAIN-
TAUNUS-
ZENTRUM
Sulzbach/Frankfurt
Viernheim/Mannheim
RHEIN-
NECKAR-
ZENTRUM
4

SHOPPING CENTERS
Europe
SHOPPING CENTERS
OLYMPIA
GALERIA
BAŁTYCKA >170 million visitors per year
= the basis for our retailer’s success
Brno
Czech Republic
Gdansk
Poland
Pécs
Hungary
ÁRKÁD
CITY
ARKADEN
Klagenfurt
Austria
5

SHOPPING CENTERS
Trophy Asset: Main-Taunus-Zentrum
“One of the top shopping centers in Germany”
SHOPPING CENTERS
6

SHOPPING CENTERS
Trophy Asset: Altmarkt-Galerie Dresden
“The unquestionable shopping heart amid the historical and vibrant city”
SHOPPING CENTERS
7

SHOPPING CENTERS
Success Factors of a Modern Shopping Center
LOCATION
More than 170 million
customers per year
CONVENIENCE
At Your Service
program started
AMBIENCE
Mall Beautification
program started
DIGITALIZATION
LOGISTICS
Click & Collect, Digital
Mall Center Apps,
Future Lab
TENANT MIX
Food Courts and
popular tenants
ASSET MANAGEMENT
ECE, a leading center
manager in Europe
8

SHOPPING CENTERS
Logistic
now: shop-logistic
future: click & collect and last mile
Branding & Loyality
now/lately: dual channels (on- vs. offline)
future: omnichannel (shops remain important
point of touch, basis for branding, service point
and place to create and secure cusomer
loyality)
Locations, shop space, lease terms and KPIs under revaluation
from retailers and center operators
Sales
now: shop sales only accepted KPI
future: total omnichannel sales to be evaluated
and included (….„from bricks to clicks“)
CECONOMY (exampel;
company information):
„50% of online sales
originated in shops“
„>40% pick-up ratio in store“
Determination of the „money value“ of physical store space becomes increasingly difficult
Digitalization Key Driver for the Shopping Evolution and Transition
Data & Services:
now: very limited data
future: big data as basis for
customer-, tenant- & peer and
center analysis and loyality
programs
9

SHOPPING CENTERS
Digitalization changes traditional customer behaviour
setting of new standards
creation of new and closed
„eco-systems“
Online retail Stationary retail
Omni-channel
challenge
Innovation &
cost pressure
Build-up of know-how
& infrastructure
Changing shopping
behaviour
Lack of understanding for
missing omni-channel
abilities
Increased desire for
more convenience
Source: ECE
Digitalization Challenge
Consumer
10

SHOPPING CENTERS
Digital Mall – The Online Twin of our Shopping Centers
All 17 German centers connected
Online product search
Check store availability
Coming soon: Click & reserve
Collect in store
Future: Delivery out of the mall
440 stores are currently
live offering more than
2.2 million articles
 Connected Commerce:
1st phase: Digital Mall, shop-window, click & collect
2nd phase: Connecting market places
3rd phase: Transactions
4th phase: Logistics & deliveries
11

SHOPPING CENTERS
OFFLINE ONLINE
PICK UP IN MALL DELIVERY FROM MALL
CENTER
CUSTOMERS
MALL VISIT
&
DIGITAL MALL DISPLAYS
ONLINE SHOP
TENANT
MARKETING CHANNELS
MARKET PLACES
WEBSITE & APPS
Digitalization as key to integration of retail platforms – Digital Mall is a big step forward
Vision: Omnichannel-Platform
12

SHOPPING CENTERS
Digital Mall –Shopping Centers as Micro LogistHubs
Locational advantage through extensive ECE mall network in Germany
1 more than 100 in Germany
13
9
7
2
2
2
2
2
2
2
3
2
2
2
2
 80% of the population in Germany lives 45 car minutes
away from an ECE managed shopping center1
 The „network“ reflects the population distribution
in Germany
 All DES centers in Germany are connected to the
Digital Mall
 Serving the last mile
13

SHOPPING CENTERS
Pro-active improvements: Atmosphere
14

SHOPPING CENTERS
Pro-active improvements: Convenience
15

FINANCIALS
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
2.00
2.20
2.40
2.60
30%
40%
50%
60%
70%
80%
90%
100%
2014 2015 2016 2017 2018 2019*
Free FFO
Loan Redemption
Dividend
Payout ratio
Investments: FFO provides substantial Capex Capacity
* Forecast, dividend per share: proposal
2.23
Payout
ratio
in %
FFO per
share
in €
2.29
2.41
2.54
2.43
 Total capex of €25-30 million per year on avg.
€20 million per year on avg.
(decreasing over time)
Expected until 2023:
€0.05 increase per year
(guidance until dividend for 2020)
2.40-
2.44
Capex Programs
At-Your-Service & Mall Beautification
16

SHOPPING CENTERS
Our Tenants1
1 Selection of our well known tenants
17

SHOPPING CENTERS
Tenant Structure: Top 10 Tenants1
1 in % of total retail rents as at 31 Dec. 2018
2018 2017
H&M 3.5% 3.5%
Ceconomy 2.7% 2.7%
Deichmann 2.5% 2.5%
New Yorker 2.4% 2.3%
Peek & Cloppenburg 2.3% 2.3%
C&A 2.0% 2.0%
Rewe 1.8% 1.6%
Douglas 1.8% 1.8%
Metro 1.8% 1.7%
DM 1.4% 1.4%
Total 22.2% 21.8% 78%
22%
TOP 10 Tenants
LOW LEVEL OF DEPENDENCE ON THE TOP 10 TENANTS
18

SHOPPING CENTERS
Maturity Distribution of Rental Contracts1
Long-term contracts base rental income
Weighted maturity 5.1 years
1 as % of rental income as at 31 Dec. 2018
2024 et sqq:
48%
2023:
10%
2022:
11%
2021:
20%
2020:
5%
2019:
6%
19

SHOPPING CENTERS
Fashion
49.9%
Non-food/
electronics
18.8%
Department stores
& hypermarkets
12.3%
Food & supermarkets
6.8%
Health & beauty
6.0%
Catering
4.4%
Services
1.8%
Sector Mix1
Balanced sector diversification
1 as % of rental space as at 31 Dec. 2018
20

SHOPPING CENTERS
Retail turnover 9M 20191
 Retail turnover development on a like-for-like basis: +1.8% +1.7% +1.8%
1 German centers on a like-for-like basis (estimated turnover 2019: €2.0 billion)
2 The sum may not equal the totals due to rounding
RETAIL SECTOR
% change
in 2019
rent-to-sales
ratio in %
% of
sales
% of
space
DEPARTMENT STORES & HYPERMARKETS -1.1 6.4 7.5 14.8
FOOD +0.8 7.6 8.8 6.3
FASHION TEXTILES +1.7 12.9 29.0 38.7
SHOES & LEATHER GOODS +2.9 15.1 4.8 5.9
SPORTS +2.3 10.1 5.2 6.0
HEALTH & BEAUTY +5.9 7.3 12.6 6.0
GENERAL RETAIL +1.0 12.9 8.3 9.4
ELECTRONICS +0.6 3.8 14.6 7.5
SERVICES -4.3 5.0 4.9 1.6
FOOD CATERING +11.2 12.3 4.5 3.7
TOTAL +1.8 9.5 100² 100²
 Absolute retail turnover development: +0.0% +2.4% +0.5%
Germany Abroad Total
21

FINANCIALS
Key Figures 9M 2019
€ million 01.01. – 30.09.2019 01.01. – 30.09.2018 CHANGE
Revenue 167.6 167.0 0.3%
Net operating income (NOI) 150.1 150.0 0.1%
Earnings before interest and tax (EBIT) 146.9 146.5 0.3%
Financial gains / losses -25.3 -28,4 10.9%
Valuation -13.1 -15.1 13.3%
Earnings before tax (EBT, excl. valuation) 1 121.6 118.1 3.0%
Consolidated profit [earnings per share in €] 93.3 [1.51] 82.2 [1.33] 13.6% [13.5%]
FFO [per share in €] 111.7 [1.81] 110.7 [1.80] 0.9% [0.6%]
EPRA Earnings [per share in €] 120.5 [1.95] 107.8 [1.74] 11.8% [12.1%]
€ million 30.09.2019 31.12.2018 CHANGE
Total equity2 2,575.6 2,573.4 0.1%
Liabilities 2,049.5 2,036.8 0.6%
Total assets 4,625.1 4,610.2 0.3%
Equity ratio2 55.7% 55.8%
Loan to value ratio - consolidated3
- „look-through“4
31.6%
33.7%
31.8%
34.0%
Cash and cash equivalents 122.3 116.4 5.1%
1 including the share attributable to equity-accounted
joint ventures and associates
2 including third-party interest in equity
3 Ratio of net financial liabilities (financial liabilities less cash and cash
equivalents) to joint ventures and associates non current assets (investment
properties and investments accounted for using the equity method)
4 Ratio of net financial liabilities to long-term assets
calculated on the basis of the groups share 22

FINANCIALS
Valuation1 – Investment Properties 2018
1 External appraisers: since 2015: JLL
2 2014 – 2018, Compound Annual Growth Rate (CAGR)
5.80 5.89 5.92 5.98 5.97
5.87
5.46
5.24 5.23 5.32
5.52
5.61 5.64
5.70 5.69
5.53
5.13
4.94 4.93
5.01
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Net operating yield in % Net initial yield in %
in € thousand Basis change of -25bps change of +25bps
Rent increase rates 1.33% -131,500 +159,900
Discount rate 5.90% +79,000 -75,200
Capitalization rate 5.07% +136,100 -122,100
Cost ratio 10.20% +9,800 -10,800
SENSITIVITY ANALYSIS
33.17
39.58
43.24 43.19 43.17
2014 2015 2016 2017 2018
NAV PER SHARE (EPRA)
€
+6.8%2
23

FINANCIALS
Loan Structure1,2
1 as of 30 September 2019
2 excl. non-consolidated loans
 19 German and 4 foreign bank partners
 Weighted maturity of fixed interest periods 5.5 years1
INTEREST LOCKIN DURATION
PRINCIPLE AMOUNTS
(€ MILLION)
SHARE OF
TOTAL LOAN
AVG.
INTEREST RATE
Up to 1 year 6.6 0.5% 3.54%
1 to 5 years 3.1 684.4 45.0% 3.32%
5 to 10 years 7.9 581.3 38.2% 2.41%
Over 10 years 10.7 247.6 16.3% 1.93%
Total1 5.5 1,519.9 100% 2.49%
PAGE XY
3.69 3.67
2.89
2.72
2.49
0
2
4
6
8
2.00
2.50
3.00
3.50
4.00
2015 2016 2017 2018 2019
avg. interest rate weighted maturity
yrs%
1
24

FINANCIALS
IN € MILLION
END OF FIXED INTEREST
PERIODS RESPECTIVELY
EXPIRING LOANS AVG. INTEREST RATE DES‘ SHARE
2019 0
2020 47.1 4.23% 50%
2021 63.3 4.59% 50%
2022-2025 0
Maturities until 20241,2
1 as of 30 September 2019
2 excl. at-equity consolidated loans
IN € MILLION
END OF FIXED INTEREST
PERIODS RESPECTIVELY
EXPIRING LOANS AVG. INTEREST RATE
REGULAR
REDEMPTION
PAYMENTS TOTAL MATURITIES
2019 123.1 4.73% 6.6 129.7
2020 134.1 4.52% 16.4 150.5
2021 198.3 4.48% 14.3 212.6
2022 225.6 3.26% 10.6 236.2
2023 209.0 2.99% 9.2 218.2
2024 0 9.6 9.6
890.1
At-equity consolidated loans1
€59.0m, 1.09%, 9y (06/2020)
Already fixed:
€132.2m, 2.21%, 10y (08/2019)
€139.9m, 1.68%, 10y (01/2020)
Lower refinancing cost
= positive FFO and
EPRA earnings impact
25

FINANCIALS
REVENUE
in € million
EBT (excl. valuation)
in € million
FFO
in € million
EBIT
in € million
NUMBER OF SHARES
in millions
FFO PER SHARE
in €
129.9
148.1 150.4
148-
151
150-
153
2016 2017 2018 2019 2020
53.95
58.25
61.78 61.78 61.78
2016 2017 2018 2019 2020
2.41
2.54
2.43
2.40-
2.44
2.43-
2.47
2016 2017 2018 2019 2020
134.5
153.3
160.9
159-
162
159-
162
2016 2017 2018 2019 2020
205.1
218.5
225.0
222-
226
221-
225
2016 2017 2018 2019 2020
178.6
192.4
199.1 194-
198
191-
195
2016 2017 2018 2019 2020
+2.1%1 +4.5%1
+3.9%1
+2.0%1 +3.4%1 +0.4%1
Conversion of
the conv. bond
Forecast
1 Compound Annual Growth Rate (CAGR) 2016 – 2020
26

SHARE
1.05
1.10 1.10
1.20
1.25
1.30
1.35
1.40
1.45
1.507
1.558
1.608
24.80
43.17
10.00
15.00
20.00
25.00
30.00
35.00
40.00
45.00
1.00
1.10
1.20
1.30
1.40
1.50
1.60
1.70
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Dividend & Performance
1 respectively paid for the previous FY
2 as of 31 Dec. 2018
3 2020: as of 15 January 2020
4 EPRA/NAREIT Europe
5 German government bonds index
6 open ended real estate funds
7 paid on 17 June 2019
8 proposal
9 2010 - 2021, Compound Annual Growth Rate (CAGR) of the dividend
Share price3
DES DAX EPRA4 REX5 OEF6
1 year (2018) -21.8% -18.3% -8.3% +1.5% +3.2%
3 years -29.4% = -11.0% p.a. -0.6% p.a. -0.4% p.a. +0.9% p.a. +4.2% p.a.
5 years -4.2% = -0.9% p.a. +2.0% p.a. +8.4% p.a. +2.1% p.a. +3.8% p.a.
Since IPO (2001) +172.2% = +5.7% p.a. +2.8% p.a. +7.3% p.a. +4.1% p.a. +3.4% p.a.
NAV per shareTREND OF SHARE
Dividend1
PERFORMANCE2
+3.9%9
27

SHARE
Shareholder Structure1
1 Status: 4 December 2019
Institutional
Investors
46.2%
Private
Investors
23.2%
Alexander Otto
19.5%
BlackRock
2.8%
US
12%
Germany
67%
UK
7%
FR
2%
Other
6%
CH
1%
NO
3%
Johannes Schorr
3.3%
State Street
5.0%
 24,550 shareholders
 Free float 80.5%
NL
2%
28

SHARE
Analysts‘ Consensus1
1 aggregated by DES, median values, status: 27 Nov. 2019, 17 analysts
SELL UNDERPERFORM NEUTRAL
 Berenberg Bank
 Commerzbank
 Deutsche Bank
 Green Street Advisors
 Independent Research
 J.P. Morgan Cazenove
 NORD/LB
 Pareto
OUTPERFORM
0%
20%
40%
60%
80%
100%
Q2 04 Q3 05 Q4 06 Q1 08 Q2 09 Q3 10 Q4 11 Q1 13 Q2 14 Q3 15 Q4 16 Q1 18 Q2 19
negative neutral positive
BUY
 Metzler
 M.M. Warburg
 Societe Generale
 Baader Bank
 Bankhaus Lampe
 DZ Bank
Kepler Cheuvreux
median/in € 2019 2020
Revenue (€ million) 224.9 225.3
EBIT (€ million) 196.8 195.7
FFO per share 2.43 2.45
NAV per share 42.70 42.22
Dividend 1.55 1.60
Price target (mean) 29.48
 HSBC
 Kempen
29

SHARE
10 Reasons to Invest
01 02 03 04 05
06 07 08 09 10
The only public
company in Germany
to invest solely in
shopping centers
Prime
locations
Proven,
conservative
strategy
Stable cash flow
with long term
visibility
Shareholder-
friendly
dividend policy
Experienced
management
team
Excellent
track record
Centers almost
100% let
Inflation-
protected rental
agreements
Solidity combined
with growth
potential
30

APPENDIX
Key Data of the Share
Listed since 02.01.2001
Nominal capital €61,783,594.00
Outstanding shares 61,783,594
Class of shares Registered shares
Dividend 2018(paid on 17 June 2019) €1.50
52W High €27.76
52W Low €22.10
Share price (15 January 2020) €24.80
Market capitalisation €1.53 billion
Avg. turnover per day last 12 months (XETRA) 155,440 shares
Indices
SDAX, EPRA, GPR, MSCI Small Cap,
F.A.Z.-Index, GPTMS150 Index
Official market
Prime Standard
Frankfurt and XETRA
OTC market
Berlin, Dusseldorf, Hamburg,
Hanover, Munich and Stuttgart
ISIN DE 000 748 020 4
Ticker DEQ, Reuters: DEQGn.DE
Market maker Oddo Seydler
31

APPENDIX
Consolidated Income Statment 9M 2019
€ thousand 01.01. – 30.09.2019 01.01. – 30.09.2018
Revenue 167,594 167,027
Property operating costs -9,271 -9,098
Property management costs -8,195 -7,904
Net operating income (NOI) 150,128 150,025
Other operating income 1,346 784
Other operating expenses -4,562 -4,336
Earnings before interest and tax (EBIT) 146,912 146,473
Share in the profit or loss of associated
companies and joint ventures accounted for
using the equity method
21,356 20,978
Interest expense -37,392 -39,843
Profit / loss attributable to limited partners -13,745 -13,820
Other financial income and expenditure 0 2,256
Interest income 2,740 20
Financial gains / losses -27,041 -30,409
Measurement gains / losses -11,489 -13,172
Earnings before tax (EBT) 108,382 102,892
Income taxes -15,042 -20,739
CONSOLIDATED PROFIT 93,340 82,153
Earnings per share (€), diluted 1.51 1.33
32

APPENDIX
Consolidated Balance Sheet 9M 2019
€ thousand 30.09.2019 31.12.2018
ASSETS
Non-current assets
Intangible assets 53,751 53,736
Property, plant and equipment 414 213
Investment properties 3,892,021 3,891,700
Investments accounted for using the
equity method
533,899 531,044
Other financial assets 31 31
Non-current assets 4,480,116 4,476,724
Current assets
Trade receivables 4,423 6,643
Other current assets 18,306 10,526
Cash and cash equivalents 122,267 116,335
Current assets 144,996 133,504
TOTAL ASSETS 4,625,112 4,610,228
€ thousand 30.09.2019 31.12.2018
LIABILITIES
Equity and reserves
Issued capital 61,784 61,784
Capital reserves 1,217,560 1,217,560
Retained earnings 951,581 950,404
Total equity 2,230,925 2,229,748
Non-current liabilities
Financial liabilities 1,487,677 1,496,313
Deferred tax liabilities 466,920 452,642
Right to redeem of limited partners 344,684 343,648
Other liabilities 33,643 34,297
Non-current liabilities 2,332,924 2,326,900
Current liabilities 32,263 26,080
Financial liabilities 3,175 3,543
Trade payables 5,591 2,384
Tax liabilities 8,894 7,413
Other provisions 8,894 7,413
Other liabilities 11,340 14,160
Current liabilities 61,263 53,580
TOTAL EQUITY AND LIABILITIES 4,625,112 4,610,228
33

APPENDIX
-1
0
1
2
3
4
5
6
7
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Norderstedt
6.1%
Passau
5.5%
A10
6.5%
Billstedt
6.0% Magdeburg
5.9%
Dresden
5.4%
German Prime Shopping Center Yields
Source: JLL, EUR Midswaps 7 years
%
German shopping
center prime yields
Euro Swap
Rate
COMPRESSION DECOMPRESSION POLARISATION DECOMPRESSION ?
Neunkirchen
5.0%
Brno
5.0%
COMPRESSION
34

APPENDIX
Our Partner:
 ECE develops, plans, builds, leases and manages large commercial real estate
in the sectors shopping, office, industries since 1965
 Originally ECE was an abbreviation for the German word
Einkaufscenterentwicklung (Shopping center development)
 100% privately owned by the Otto family
 Assets under management:
− approx. 195 shopping centers
− €33.0 billion market value
− 7.0 million sqm overall sales area
− approx. 20,000 retail businesses
− 4.1 million daily visitors
 Active in 10 countries:
− Austria, Czech Republic, Denmark, Germany, Hungary, Italy, Poland, Qatar, Slovakia and Turkey
MANY INVESTORS RELY ON ECE:
Close alliance with an European market
leader in the shopping center business
35

APPENDIX
Environment
 Climate protection is a top priority for Deutsche EuroShop. We firmly believe that sustainability and profitability are
not mutually exclusive. Neither are shopping experience and environmental awareness. Long-term thinking is part
of our strategy, and that includes a commitment to environmental protection.
 In 2018, 19 of our 21 shopping centers had contracts with suppliers that use renewable energy sources, such as
hydroelectric power, for their electricity needs. The TÜV Süd certified the green electricity for our centers in
Germany with the renowned “Eco Power Product” label in 2018. We also plan to switch the remaining two centers
over to green electricity wherever possible within the next few years.
 The 19 centers used a total of around 72.8 million kWh of green
electricity in 2018. This represented 100% of the electricity
requirements in these shopping centers, Based on conservative
calculations, this meant a reduction of around 30,011 tonnes in
carbon dioxide emissions, which equates to the annual CO2
emissions of more than 1,350 two-person households. The use of
heat exchangers and energy-saving light bulbs allows us to
further reduce energy consumption in our shopping centers.
 Deutsche EuroShop also supports a diverse range of local and
regional activities that take place in our shopping centers in the
areas of the environment, society and the economy.
36

APPENDIX
Germany 1/2
1 approximately ² as % of market rent
MAIN-
TAUNUS-
ZENTRUM
A10
CENTER
ALTMARKT-
GALERIE
RHEIN-
NECKAR-
ZENTRUM
HEROLD-
CENTER
RATHAUS-
CENTER
ALLEE-
CENTER
PHOENIX-
CENTER
LOCATION
Sulzbach/
Frankfurt
Wildau/
Berlin
Dresden
Viernheim/
Mannheim
Norderstedt Dessau Magdeburg Hamburg
INVESTMENT 52.0% 100% 100% 100% 100% 100% 50.0% 50.0%
LETTABLE SPACE SQM 124,000 121,000 77,000 69,500 54,300 52,500 51,300 43,400
PARKING 4,500 4,000 500 3,800 850 850 1,300 1,400
NUMBER OF SHOPS1 170 200 200 110 140 90 150 130
OCCUPANCY RATE² 100% 100% 100% 99% 99% 96% 98% 99%
CATCHMENT
AREA1
2.1 m.
inhabitants
1.1 m.
inhabitants
1.4 m.
inhabitants
1.5 m.
inhabitants
0.5 m.
inhabitants
0.3 m.
inhabitants
0.8 m.
inhabitants
0.5 m.
inhabitants
VISITORS 2018 7.6 m. 6.6 m. 14.4 m. 9.6 m. 10.4 m. 5.6 m. 9.1 m. 8.9 m.
OPENING/
REFURBISHMENT
1964/2004/
2011
1996/2011 2002/2011 1972/2002
1971/1995/
2003
1995 1998/2006 2004/2016
37

APPENDIX
Germany 2/2
BILLSTEDT-
CENTER
SAARPARK-
CENTER FORUM
ALLEE-
CENTER
CITY-
GALERIE
CITY-
ARKADEN
CITY-
POINT
STADT-
GALERIE
STADT-
GALERIE
LOCATION Hamburg Neunkirchen Wetzlar Hamm Wolfsburg Wuppertal Kassel Passau Hameln
INVESTMENT 100% 50.0% 65.0% 100% 100% 100% 100% 75.0% 100%
LETTABLE SPACE SQM 42,500 35,600 34,500 34,000 30,800 28,700 27,800 27,700 26,000
PARKING 1,500 1,600 1,700 1,300 800 650 220 500 500
NUMBER OF SHOPS1 110 130 110 90 100 80 60 90 100
OCCUPANCY RATE² 98% 99% 100% 100% 98% 97% 100% 99% 97%
CATCHMENT
AREA1
0.8 m.
inhabitants
0.7 m.
inhabitants
0.5 m.
inhabitants
0.4 m.
inhabitants
0.5 m.
inhabitants
0.7 m.
inhabitants
0.6 m.
inhabitants
0.8 m.
inhabitants
0.3 m.
inhabitants
VISITORS 2018 10.8 m. 7.7 m. 7.9 m. 6.1 m. 7.2 m. 8.9 m. 8.6 m. 7.2 m. 6.4 m.
OPENING/
REFURBISHMENT
1969/1977/
1996
1989/1999/
2009
2005
1992/2003/
2009
2001/2006 2001/2004
2002/2009/
2015
2008 2008
38

APPENDIX
Europe
OLYMPIA
GALERIA
BAŁTYCKA
CITY
ARKADEN ÁRKÁD
LOCATION
Brno,
Czech Republic
Gdansk,
Poland
Klagenfurt,
Austria
Pécs,
Hungary
INVESTMENT 100% 74.0% 50.0% 50.0%
LETTABLE SPACE SQM 85,000 48,700 36,900 35,400
PARKING 4,000 1,050 880 850
NUMBER OF SHOPS1 200 193 120 130
OCCUPANCY RATE² 99% 99% 98% 97%
CATCHMENT
AREA1 1.2 m. inhabitants 1.1 m. inhabitants 0.4 m. inhabitants 0.7 m. inhabitants
VISITORS 2018 8.6 m. 9.0 m. 5.2 m. 12.5 m.
OPENING/
REFURBISHMENT
1999/2014-16 2007 2006 2004
39

APPENDIX
Financial Calendar
2020
22.01. Kepler Cheuvreux German Corporate Conf., Frankfurt
19.03. Preliminary Results 2019
26.03. Bank of America Merrill Lynch Europ. Real Estate Conf., London
29.04. Publication of the Annual Report 2019
14.05. Quarterly Statement 3M 2020
28.05. Societe Generale The Nice Conference, Nice
16.06. Annual General Meeting, Hamburg
13.08. Half-year Financial Report 2020
12.11. Quarterly Statement 9M 2020
25.11. DZ Bank Equity Conference, Frankfurt
40

APPENDIX
Contact
NICOLAS LISSNER
Manager Investor & Public Relations
OLAF BORKERS
Chief Financial Officer
WILHELM WELLNER
Chief Executive Officer
PATRICK KISS
Head of Investor & Public Relations
Deutsche EuroShop AG
Investor & Public Relations
Heegbarg 36
22391 Hamburg
Tel. +49 (40) 41 35 79 – 20/ – 22
Fax +49 (40) 41 35 79 – 29
E-Mail: ir@deutsche-euroshop.com
Web: www.deutsche-euroshop.com
ir-mall.com
facebook.com/euroshop
flickr.com/desag
slideshare.net/desag
twitter.com/des_ag
youtube.com/DeutscheEuroShop
Important Notice: Forward-Looking Statements
Statements in this presentation relating to future status or circumstances, including
statements regarding management’s plans and objectives for future operations, sales and
earnings figures, are forward-looking statements of goals and expectations based on
estimates, assumptions and the anticipated effects of future events on current and developing
circumstances and do not necessarily predict future results.
Many factors could cause the actual results to be materially different from those that may be
expressed or implied by such statements. Deutsche EuroShop does not intend to update these
forward-looking statements and does not assume any obligation to do so.
instagram.com/deutscheeuroshop
41

Deutsche EuroShop | Company Presentation | 01/20

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