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Page 1: 04 / 201909 / 2020 MPC CAPITAL AG · 2020. 9. 3. · MPC CAPITAL AG MANAGING REAL ASSETS 1. INTRODUCTION 3 2. BUSINESS MODEL 6 3. STRATEGY AND GROWTH OBJECTIVES 13 4. FINANCIALS 17

|→

MPC CAPITAL AGMANAGING REAL ASSETS |→ 04 / 2019|→ 09 / 2020

Page 2: 04 / 201909 / 2020 MPC CAPITAL AG · 2020. 9. 3. · MPC CAPITAL AG MANAGING REAL ASSETS 1. INTRODUCTION 3 2. BUSINESS MODEL 6 3. STRATEGY AND GROWTH OBJECTIVES 13 4. FINANCIALS 17

MPC CAPITAL AGMANAGING REAL ASSETS

1. INTRODUCTION 3

2. BUSINESS MODEL 6

3. STRATEGY AND GROWTH OBJECTIVES 13

4. FINANCIALS 17

5. APPENDIX 22

This presentation and the information contained herein (“the Presentation”) have been compiled with meticulous care and to the best of our knowledge. The Presentation isfor information purposes only and does not constitute an offer to sell or a solicitation to buy any interest, shares or securities in Germany or any other jurisdiction. Neitherthe Presentation nor anything contained herein shall form the basis of, or be relied on in connection with, any offer or commitment whatsoever. The Presentation containsforward looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of factors and uncertainties thatcould cause actual results to differ materially from those described in the forward-looking statements. Actual results may differ from those set forth in the forward-lookingstatements as a result of various factors (including, but not limited to, future global economic conditions and market conditions relating to shipping, infrastructure and realestate). The Presentation is intended to provide a general overview of MPC Capital´s business and does not purport to deal with all aspects and details regarding MPCCapital. Accordingly, neither MPC Capital nor any of its directors, officers, employees or advisers nor any other person makes any representation or warranty, express orimplied, as to, and accordingly no reliance should be placed on, the fairness, accuracy or completeness of the information contained in the presentation or of the views givenor implied. Neither MPC Capital nor any of its directors, officers, employees or advisors nor any other person shall have any liability whatsoever for any errors or omissions orany loss howsoever arising, directly or indirectly, from any use of the Presentation or its contents or otherwise arising in connection therewith. The distribution of thePresentation in certain jurisdictions may be restricted by law. Persons into whose possession the Presentation comes are required to inform themselves about and toobserve any such restrictions.

MPC Capital AG, September 2020

AGENDA

| → 2

Page 3: 04 / 201909 / 2020 MPC CAPITAL AG · 2020. 9. 3. · MPC CAPITAL AG MANAGING REAL ASSETS 1. INTRODUCTION 3 2. BUSINESS MODEL 6 3. STRATEGY AND GROWTH OBJECTIVES 13 4. FINANCIALS 17

BUSINESS OVERVIEW

MPC CAPITAL AG AT A GLANCEASSET LIGHT MANAGEMENT SERVICES COMBINED WITH FOCUSED INVESTMENT APPROACH | → 3

COMPANY STRUCTURE

SELECTED FINANCIALS

REAL ESTATE> 100 assets

SHIPPING> 200 assets

INFRASTRUCTURE> 5 assets

AuM (1)

€1.9bnAuM (1)

€1.9bnAuM (1)

€0.3bn

Broad range of corporate and hands-on management services

MPC Capital AG

1) Assets under Management (AuM) as of 30 Jun 2020, AuM discontinued products €0.2bn 2) EBT adj. excluding one-off impairment effects of a retail business project

Revenuein €m

EBT adj.in €m

Equity Ratio

2018 2019

+ Asset Manager and Co-Investor focused on niche areas in selected real asset markets

+ €4.3bn AuM 1), thereof €3.4bn in new institutional business

+ 25+ years experience in deal sourcing, fund raising, asset and investment management

+ Strong corporate balance sheet to capture co-investments as well as attractive investment opportunities

+ Focuses on low-correlated asset classes real estate, shipping and infrastructure

Total AuM1): €4.3bn > 360 assets

42.746.8

0.6(2)

0.9 74% 71%

Co-investments and selected investment opportunities

Page 4: 04 / 201909 / 2020 MPC CAPITAL AG · 2020. 9. 3. · MPC CAPITAL AG MANAGING REAL ASSETS 1. INTRODUCTION 3 2. BUSINESS MODEL 6 3. STRATEGY AND GROWTH OBJECTIVES 13 4. FINANCIALS 17

0.0

2.0

4.0

6.0

8.0

2015 2016 2017 2018 2019 2020

SHAREHOLDER STRUCTURE

CAPITAL MARKET PROFILEPUBLICLY LISTED SINCE 2000 WITH LONG-TERM COMMITMENT BY FOUNDING SHAREHOLDER MPC GROUP | → 4

SHARE PRICE AND MARKET CAP

LISTING INFORMATION & VALUATION METRICS

48%44%

8%

MPC Group

Freefloat

Thien & Heyenga

1822

Market cap (in €m)

Share price (in €)

Freefloat Market cap (in €m)

Segment / Index SCALE (FSE) / SCALE30

30 Day Avg Volume 1) ~24,000

Market capitalization 1) €42.2m

Financial assets (book value) 2) €68.0m

Cash & cash equivalents 2) €15.4m

Price-to-Book ratio 1) 0.5

ANALYSTS

Institution Recommendation Target (€) Last update

Baader Helvea Add 2.60 31 Aug 2020

Edison Research - - 03 Mar 2020

Warburg Research Buy 3.90 28 Aug 2020

4

2015 2016 2017 2018

1) Source: Bloomberg, 31 Aug 2020 2) As of 30 Jun 2020

33.5mshares

2019 2020

42

Page 5: 04 / 201909 / 2020 MPC CAPITAL AG · 2020. 9. 3. · MPC CAPITAL AG MANAGING REAL ASSETS 1. INTRODUCTION 3 2. BUSINESS MODEL 6 3. STRATEGY AND GROWTH OBJECTIVES 13 4. FINANCIALS 17

1. INTRODUCTION 3

2. BUSINESS MODEL 6

3. STRATEGY AND GROWTH OBJECTIVES 13

4. FINANCIALS 17

5. APPENDIX 22

| → 5

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+ Scalable management and corporate platforms

+ Proven asset sourcing excellence

+ Strong cash generation potential

DEAL-DRIVEN TRANSACTION BUSINESS

+ Co-investment with investors ensures alignment of interests and institutional asset base growth

+ Strong corporate balance sheet to support attractive investment opportunities

ATTRACTIVE RETURNS FROM CO-INVESTMENTS

+ Focus on demand and concept driven strategies

+ Diversified solid asset base

+ Broad range of hands-on management services

+ 278 employees 1)

RECURRING FEES FROM MANAGEMENT SERVICES

ASSET LIGHT BUSINESS MODELINTEGRATED ASSET MANAGER AND CO-INVESTOR WITH FOCUS ON SELECTED NICHE AREAS IN REAL ASSET MARKETS | → 6

4.3bn 2.1bn 68.0mAssets under Management 1) 2019 transaction volume Financial Assets

(book value) 1)

1) As of 30 Jun 2020

Page 7: 04 / 201909 / 2020 MPC CAPITAL AG · 2020. 9. 3. · MPC CAPITAL AG MANAGING REAL ASSETS 1. INTRODUCTION 3 2. BUSINESS MODEL 6 3. STRATEGY AND GROWTH OBJECTIVES 13 4. FINANCIALS 17

FEE AND INCOME GENERATIONDIVERSIFIED INCOME STREAMS FROM HANDS-ON ASSET MANAGEMENT SERVICES AND INVESTMENTS | → 7

SOURCING/STRUCTURINGUnique access to highly attractive assets and individual structuring capabilities

MANAGEMENT

Efficient and high-quality operational services Additional value creation through hands-on approach

EXIT

Extensive experience in developing optimal exit strategies and complex transactions

Development fees

Fund management fees

Asset management fees

Acquisition fees

Performance fees

Sales & exit fees

Man

agem

en

tASSET MANAGEMENT

INVESTMENTS Dividends

Value appreciation

Tran

sact

ion

s

3-6 MONTHS 3-10 YEARS 3-6 MONTHS

1

2

Page 8: 04 / 201909 / 2020 MPC CAPITAL AG · 2020. 9. 3. · MPC CAPITAL AG MANAGING REAL ASSETS 1. INTRODUCTION 3 2. BUSINESS MODEL 6 3. STRATEGY AND GROWTH OBJECTIVES 13 4. FINANCIALS 17

ASSET MANAGEMENTSTRONG VALUE PROPOSITION ALONG THE VALUE CHAIN IN THREE CORE ASSET SEGMENTS

OPERATIONS

REAL ESTATE+ Residential

+ Commercial

SHIPPING+ Container vessels

+ Bulk carriers

+ Tankers

INFRASTRUCTURE+ Renewable energy

CURRENTPLATFORMS

+ Investment, asset and property management

+ Development and repositioning

+ Focus on maintaining a high level of expertise in core markets in Germany and the Netherlands

+ Fully integrated set of services with respect to commercial, operational and technical ship management

+ Investment management for maritime assets, offering services in ship financing and fleet management

+ Structuring of public structures / debt vehicles and private managed accounts

+ Structuring and commercial management of onshore wind, solar and PV projects

+ Exclusive cooperation with leading industry partners

+ Financial structuring of late stage greenfield and brownfield assets

ASSETS UNDER MANAGEMENT

78%

22%

€1.9bn> 100

87%

13%

€1.9bn> 200

86%

14%

€0.3bn>5

Institutional

Retail

1| → 8

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57%26%

17%Real Estate

Shipping

Infrastructure

INVESTMENTS

41.0

23.4

3.0

Equity Investments

Other loans

Investment Securities

Shares in affiliated companies

22.9 26.1

47.0

62.2 66.160.9

2015 2016 2017 2018 2019 H1 2020

CO-INVESTMENT PORTFOLIO ALLOCATION

HIGHLIGHTSDEVELOPMENT OF FINANCIAL ASSETS

As per 30 Jun 2020 (Book value in €m)

2015 – 2020 (Book value in €m, excl. minorities)

FINANCIAL ASSETS

INVESTMENT PORTFOLIO OF MPC CAPITAL AG HAS SIGNIFICANTLY INCREASED OVER THE LAST FOUR YEARS

Excl. minorities (in %)

+ Proceeds from capital increases in 2016 and 2018 were consistently invested in building up a balanced portfolio across real asset classes

+ Around 20 active projects with more than 100 individual assets

+ Return expectation: > 15%

+ Investments in retail business account for less than 10% of financial assets and are diversified over a large number of assets

+ See appendix for more detailed information on theco-investment portfolio

2| → 9

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TRACK RECORDMPC CAPITAL INITIATED PROJECTS FOR INSTITUTIONAL CLIENTS | → 10

INSTITUTIONAL AUM BRIDGE SINCE 2016 (IN €BN)

-0.8

2017

-0.3

2016

+0.3

+0.8

+0.1

2018

3.5

2019

+0.3 3.4-0.2-0.2

HY 2020

+0.8

+1.0

-0.2 -1.2

+1.2

-0.1

1.7

2.3 2.42.6

Institutional AuM Additions Revaluation Disposals

Feb 16Transit I Portfolio

Mar 16StaytooLeipzig

May 16StaytooBerlin I

Sep 16Retail Portfolio + Growth Fund

Jul 16StaytooBerlin II

Feb 17Transit II Portfolio

Dec 16Paradise Park Jamaica

Apr 17MPC Container Ships I

Jun 17MPC Container Ships II

Sep 17MPC Container Ships III

Bajes Kwartier, AMS

MongoliaWind

Nov 17MPC Container Ships IV

Sep 16M-Star Fleet

Mar 17La GuardiaAmsterdam

Jan 17AncoraPortugal

Dec 17The Cloud

Amsterdam

Jan 18Student Housing I (Development)

Jan 18Student Housing II (Stabilized)

Feb 18MPC Container Ships V

Aventicum

Apr 18Blaak16Rotterdam

Jun 18Angelo Gordon Portfolio I

TilawindCosta Rica

MPC Container Ships VI

2016

2017

2018

Oct 18Angelo Gordon Portfolio II

Staytoo Mainz + Hamburg

2019

Mar/Apr 19Health CareReal Estate

Bulker

Jun 19‘InTheCity’ Office Platform

El Salvador Solar

Dec 19BMG portfolio

Dec 18BMG portfolio

Sep 19Harper Petersen JV(Container)

Nov 19AlbisShipping(Tanker)

Jun 19Transit I+II (part.)

AC

QU

ISIT

ION

SEX

ITS

DEAL FLOW SINCE 2016

2020

Jan 20HamburgResidential

Mar 20BeursgalleryRotterdam

Jul 20Solar ParksSpain

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Stage Volume (€m) Short List (%)

SPA 40 6%

Negotiations 403 58%

Due Diligence 254 36%

Total 697

PROJECT PIPELINEVISIBLE GROWTH THROUGH DETAILED PROJECT SHORT-LIST OF €1.3BN

REAL ESTATE SHIPPING INFRASTRUCTURE

Stage Volume (€m) Short List (%)

SPA 8 0%

Negotiations 231 70%

Due Diligence 103 30%

Total 342

Stage Volume (€m) Short List (%)

SPA 7 2%

Negotiations 180 58%

Due Diligence 123 40%

Total 310

by region by region by region

by investment strategy by investment strategy by investment strategy

100%

Global

100%

Latin America57%

43% Germany

Netherlands

34%

66%

Commercial

Residential

80%

20%

Solar PV

Other

30%

70%

Container

Tanker

| → 11

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1. INTRODUCTION 3

2. BUSINESS MODEL 6

3. STRATEGY AND GROWTH OBJECTIVES 13

4. FINANCIALS 17

5. APPENDIX 22

| → 12

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+ Continuous net growth in institutional assets with regular disposals

+ Linear decrease of retail business over the next ~3-4 years

+ Increase AuM margin to > 100bps through re-placing low-margin retail business by higher-margin institutional business

STRATEGY AND GROWTH OBJECTIVESGROWTH IN AUM LEADS TO PROFITABLE GROWTH IN RECURRING MANAGEMENT FEES | → 13

INCREASE ASSETS UNDER MANAGEMENT

LEVERAGE EXISTING PLATFORM+ AuM growth and cost efficiency provides for

management fees to cover recurring cost base

+ Increasing operating margins through scale and efficiency

+ Upside potential via transaction fees and returns on co-investments

AuM Retail vs. Institutional

Institutional Business

Revenue from management and transaction services vs. costs

Revenue from management services

Revenue from transaction services

Recurring OPEX (Personnel costs and other OPEX)

< ACTUAL > < STRATEGY >

Retail Business

< ACTUAL > < STRATEGY >

Institutional Business

Target new institutional assets p.a. €0.5-1.0bn

Target EBT margin > 30%

1

2

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4

3+ Proceeds from capital increases in 2016 and

2018 were used to ramp up co-investment strategy

+ > €50m invested capital as at 30 June 2020

+ Return on investments provide additional upside potential

STRATEGY AND GROWTH OBJECTIVESSTRONG CASH PROCEEDS FROM PROFITABLE BUSINESS AND INVESTMENT ACTIVITIES | → 14

ADDITIONAL INCOME FROM INVESTMENT ACTIVITIES

STRONG CASH GENERATION POTENTIAL FROMPROFITABLE AND SCALABLE BUSINESS MODEL + Self-financing capabilities

+ Cash generation for further co-investments from operating cash flow and cash inflow from financial assets

+ Excess cash to be paid-out as dividend

MPC Capital investment portfolio

< ACTUAL > < STRATEGY >

Operating cash flow

< ACTUAL > < STRATEGY >

Book value

Asset value

Target pay-out ratio ~50%

Target blended IRR 15%

Page 15: 04 / 201909 / 2020 MPC CAPITAL AG · 2020. 9. 3. · MPC CAPITAL AG MANAGING REAL ASSETS 1. INTRODUCTION 3 2. BUSINESS MODEL 6 3. STRATEGY AND GROWTH OBJECTIVES 13 4. FINANCIALS 17

STRATEGY AND GROWTH OBJECTIVESMPC’S MAIN OBJECTIVE IS TO BECOME A LEADING MANAGER FOR REAL ASSETS IN SELECTED MARKETS

+€0.5 - 1.0bn new AuM p.a. at improved margins

EBT margin > 30%

Blended IRR > 15%

Targeted dividend pay-out ratio ~50%

GROWTH OBJECTIVES FINANCIAL TARGETS

| → 15

>

Leverage existing platform2

Income from investment activities3

Strong cash generation potential4

Increase assets under management1

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1. INTRODUCTION 3

2. BUSINESS MODEL 6

3. STRATEGY AND GROWTH OBJECTIVES 13

4. FINANCIALS 17

5. APPENDIX 22

| → 16

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ASSETS UNDER MANAGEMENT (IN €BN)CROSSOVER DECEMBER 2019 TO JUNE 2020: INSTITUTIONAL VS. RETAIL BUSINESS

* Incl. FX valuation

| → 17

-0.2

3.5(78%)

Revaluation*

-0.2

1.0(22%)

-0.1

2019-12 Additions

0.30.0

Disposals

3.4(79%)

0.9(21%)

2020-06

4.5

0.3

-0.3

-0.2

4.3

Institutional Retail

COMMENTS

+ Institutional business accounts for 79% of total AuM

+ Assets attributable to institutional business in the amount of EUR 0.3bn have been acquired in the first half of 2020, mainly from Real Estate (EUR 0.2bn)

+ Disposals contain mostly from Shipping (EUR 0.1bn) projects

+ Overall reduction of legacy business by EUR 0.1bn

Page 18: 04 / 201909 / 2020 MPC CAPITAL AG · 2020. 9. 3. · MPC CAPITAL AG MANAGING REAL ASSETS 1. INTRODUCTION 3 2. BUSINESS MODEL 6 3. STRATEGY AND GROWTH OBJECTIVES 13 4. FINANCIALS 17

H1 2020 KEY FINANCIALS – P&L HIGHLIGHTSINCREASE IN RECURRING MANAGEMENT FEES | → 18

REVENUEin €m

EBTin €m

COMMENTS

+ Revenue growth and improved operating profitability in challenging market environment

+ Solid growth in asset management and transaction business

+ Operating profit rises from €-4.2m to €1.2m as a result of focusing strategy and cost reductions

+ COVID-19-related impairment adjustments burden EBT

2.4

0.2

H1 2020

1.8

H1 2019

17.8

2.420.0

20.0

24.8

Other

Management Services

Transaction Services

H1 2019 H1 2020

1.81.2

Page 19: 04 / 201909 / 2020 MPC CAPITAL AG · 2020. 9. 3. · MPC CAPITAL AG MANAGING REAL ASSETS 1. INTRODUCTION 3 2. BUSINESS MODEL 6 3. STRATEGY AND GROWTH OBJECTIVES 13 4. FINANCIALS 17

COMMENTS

+ Management Services: Significant increase in revenues from ship management services reflecting the integration of the tanker specialist Albis Shipping in Q4 2019, contrasted to scheduled reduction of retail business

+ Transaction Services: Transaction fees up mainly due to higher transaction activity in Real Estate

+ Financial Result: Previous year included a promote from the exit of the TRANSIT portfolio and returns on equity investments in the BMG portfolio. H1 2020 affected by valuation adjustment of Shipping assets following the impact of COVID-19

+ OPEX: Decrease reflects the focus on profitable business areas and the corresponding adjustments of the cost structure

+ Other effects: The deviation reflects higher income from divestments and includes the sale of a residential property project in Hamburg in H1 2020

H1 2020 KEY FINANCIALS – EARNINGS BEFORE TAXPOSITIVE EBT H1 2020 REFLECTING IMPROVED OPERATING PROFITABILITY DESPITE COVID-19-RELATED WRITE-DOWNS

EARNINGS BEFORE TAX - BRIDGE H1 2019 – H1 2020

In EUR million.*Other effects Include non recurring income from the Shipping unit which is matched by cost of purchased services in the same amount

| → 19

1.8

1.2

3.4

0.6

1.3

Financial Result

EBT Actual H1 2019

Other effects*

-1.2

OPEXTransaction Services

-6.0

EBT Actual H1 2020

1.2

Management Services

Retail

Institutional

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H1 2020 KEY FINANCIALS – BALANCE SHEET & GUIDANCE FY 2020STRONG BALANCE SHEET TO SUPPORT FUTURE GROWTH

112.5

99.0 96.8

151.2

139.6

126.9

| → 20

28.622.5 20.6 21.5

15.4 14.2

34.9

16.3

37.2

19.2 36.8

15.9

87.8

112.581.8

99.0 74.7

96.8

EQUITYin €m

BALANCE SHEET STRUCTUREin €m

2018 2019

COMMENTS+ Returns from equity investments and

impairment adjustments lead to decline in financial assets

+ High equity ratio of 76% provides solid basis for future growth

+ Strength of balance sheet reinforced after write-off of legacy assets in 2018 and impairment of investments in 2019 and H1 2020

+ Cash position at €15.4m down from €20.6m as a result of scaling-back of liabilites

Long-term assets │ Equity

Cash │ Liabilities

Current assets │ Provisions

2018 2019

Total BalanceEquity

74.3% 70.9%

Equity ratio

GUIDANCE FY 2020+ Given the economic impact of the

COVID-19 pandemic MPC Capital has decided to refrain from issuing a forecast for FY 2020 in view of the uncertainty surrounding further business development

+ If the economic conditions become more predictable and visibility for FY 2020 improves, MPC Capital will resume forecasting and communicate its view to the capital market

76.3%

H1 2020 H1 2020

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1. INTRODUCTION 3

2. BUSINESS MODEL 6

3. STRATEGY AND GROWTH OBJECTIVES 13

4. FINANCIALS 17

5. APPENDIX 22

| → 21

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FINANCIAL PERFORMANCE 2015 - 2020P&L AND BALANCE SHEET

(in €m) FY 2014 FY 2015 FY 2016

Revenue 34.5 47.8 53.8

Other operating income 20.6 8.5 11.9

Cost of materials/ Cost of purchased services -2.7 -1.1 -1.6

Personal expenses -16.1 -20.6 -26.0

Amortization of intangible assets and depreciation of tangible assets -0.2 -1.3 -1.8

Other operating expenses -23.8 -29.4 -26.4

Operating result (EBIT) 12.4 3.8 9.9

Income from participation 1.2 5.9 3.4

Other interest and similar income 0.9 1.9 1.1

Depreciation of f inancial assets and securities -5.5 -1.1 -0.4

Interest and similar expenses -1.5 -2.7 -4.7

Results of associated companies (at equity) -1.3 3.6 6.4

Result from ordinary activities (EBT) 6.2 11.4 15.7

INCOME STATEMENT

| → 22

(in €m) FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 HY 2019 HY 2020

Revenue 47.8 53.8 47.3 42.7 46.8 20.0 24.8

Other operating income 8.6 11.9 22.7 12.5 9.7 3.9 4.4

Cost of materials / Cost of purchased services -1.1 -1.6 -3.1 -3.5 -2.2 -0.7 -2.8

Personnel expenses -20.7 -26.0 -27.1 -28.6 -28.8 -14.5 -12.9

Amortization of intangible assets and depreciation of tangible assets -1.3 -1.8 -1.8 -1.8 -2.2 -1.1 -1.2

Other operating expenses -29.5 -26.4 -24.2 -24.6 -27.1 -11.8 -11.1

Operating result 3.8 9.9 13.8 -3.2 -3.8 -4.2 1.2

Income from participation 5.9 3.4 1.7 2.3 7.0 5.4 1.7

Other interest and similar income 1.9 1.1 1.3 1.4 2.4 1.3 1.2

Depreciation of financial assets and securities -1.1 -0.4 -0.8 -15.5 -1.4 -0.4 -0.2

Interest and similar expenses -2.7 -4.7 -0.4 -0.8 -0.9 -0.3 -0.3

Results of associated companies (at equity) 3.6 6.4 1.8 -0.9 -2.5 0.0 -2.5

Result from ordinary activities (EBT) 11.4 15.7 17.4 -16.7 0.9 1.8 1.2

(in €m) 31.12.2015 31.12.2016 31.12.2017 31.12.2018 31.12.2019 30.06.2020

Long term assets 35.2 38.0 61.7 87.8 81.8 74.7

Current assets 44.9 95.6 73.6 63.4 57.7 51.9

Prepaid expenses 0.1 0.1 0.1 0.1 0.1 0.3

Total assets 80.2 133.7 135.5 151.2 139.6 126.9

BALANCE SHEET

Equity 33.9 93.3 102.2 112.5 99.0 96.8

Provisions 32.6 29.0 20.8 16.3 19.2 15.9

Liabilities 12.1 11.4 12.4 22.0 21.4 13.9

Deferred income 0.1 0.0 0.0 0.5 0.1 0.3

Negative consolidation differences 1.5 0.0 0.0 0.0 0.0 0.0

Total equity and liabilities 80.2 133.7 135.5 151.2 139.6 126.9

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FINANCIAL ASSETS AS OF 30 JUNE 2020BALANCE SHEET

In EUR million

CO-INVESTMENT PORTFOLIO

DescriptionFinancial

Assets

Current

AssetsMinorities

MPC

Investment

Real Estate 27.7 0.4 (3.1) 25.0

Bajes Kwartier Residential development project in Amsterdam 5.5 - - 5.5

InTheCity Fund Dutch core office property fund 5.0 - (1.4) 3.6

Growth Fund Dutch logistics and light industrial property fund 4.6 - - 4.6

Eagle German Micro Living operating fund 4.5 - - 4.5

SHV I German Micro Living development fund 2.3 - - 2.3

Angelo Gordon Dutch mixed portfolio deal 2.3 - (0.6) 1.7

Transit II Dutch value-add office portfolio 1.0 - (0.4) 0.6

Retail Dutch retail portfolio 1.2 - (0.6) 0.6

Other 1.1 0.4 - 1.5

Shipping 15.0 - (3.5) 11.5

MPC Container Ships Oslo- kisted Container Shipping platform 8.3 - - 8.3

Single Managed Accounts Investments in shipping projects 5.7 - (3.5) 2.2

Other Incl. Opportunistic KG fund portfolio 1.0 - - 1.0

Infrastructure 5.5 1.9 - 7.4

CCEF MPC Caribbean Clean Energy Fund 3.7 1.9 - 5.6

Other 1.8 - - 1.8

Total 48.1 2.2 (6.6) 43.8

Total 19.8 - (0.5) 19.3

Group Balance Sheet 68.0 (7.1)

I. Co-Investments

II. Other Financial

Investments

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ULF HOLLÄNDER Chief Executive OfficerReal Estate Netherlands, Infrastructure

Previously CFO of MPC Capital and positions at Hamburg-Süd

DR. AXEL SCHROEDER

Chairman of the Supervisory Board since 2015

Previously 15 years as CEOof MPC Capital AG

JOACHIM LUDWIG

Member of the Supervisory Board since 2015

Executive Board memberof Ferrostaal GmbH

CONSTANTIN BAACK Executive Board MemberShipping

Previously at Ernst & Young and Hamburg-Süd

DR. OTTMAR GAST

Member of the Supervisory Board since 2018

Chairman of the Advisory Board ofHamburg Südamerikanische Dampfschifffahrts-Gesellschaft

DR. PHILIPP LAUENSTEIN Chief Financial Officer

Previously at MPC Container Ships ASA

DR. KARSTEN MARKWARDTExecutive Board MemberLegal & Compliance

Previously General Counsel at Talkline Group

SUPERVISORY BOARD

MANAGEMENT BOARD

MANAGEMENT TEAM| → 24

DR. IGNACE VAN MEENEN

Chief Sales Officer (CSO)Real Estate Germany

Previously Deutsche Bank, RAG (Evonik), DIC Immobiliengruppe, Rickmers Group

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+ 20 FEBRUARY 2020 Publication of Annual Report 2019

+ 14 MAY 2020Press release Q1 key figures

+ 25 MAY 2020Annual General Meeting, virtual

+ 27 AUGUST 2020 Publication of half-year financial report 2020

+ 12 NOVEMBER 2020Press release Q3 key figures

+ 16-18 NOVEMBER 2020Eigenkapitalforum / Analyst conference, virtual

INVESTOR RELATIONSIR CONTACT, TRADING INFORMATION & FINANCIAL CALENDAR

CONTACT

TRADING INFORMATION

Segment SCALE (FSE)

ISIN DE000A1TNWJ4

First day of trading 28 Sep 2000

Designated Sponsors M.M.Warburg, Baader Bank

Index SCALE ALL SHARE

FINANCIAL CALENDAR 2020

STEFAN ZENKERHEAD OF INVESTOR RELATIONS

MPC MÜNCHMEYER PETERSEN CAPITAL AG

Palmaille 67

22767 Hamburg

D +49 40 380 22 - 43 47

M +49 151 14 55 71 77

[email protected]

www.mpc-capital.com

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