Media release - Ad hoc announcement pursuant to Art. 53 LR

Zurich, 28 November 2022

EPIC Suisse releases high level Q3 2022 numbers in line with majority shareholder's reporting obligations

EPIC Suisse AG (the “Company” and “EPIC”, the consolidated group; SIX: EPIC), publishes today high-level figures¹ for the period 1 January 2022 to 30 September 2022 in parallel with its majority shareholder, Alrov Properties & Lodgings Ltd (the “Alrov Group”):

• Fair value of the portfolio as at 30 September 2022 totals CHF 1.49 billion split into Investment properties in operation at CHF 1’449 million (31 Dec 2021: CHF 1’434 million) and Investment properties under development / construction at CHF 44 million (31 Dec 2021: CHF 32 million)
• Total income (defined as rental income and other income) for Investment properties in operation for the 9-month period 2022 amounts to CHF 46.9 million
• Total bank debt as at 30 September 2022 is CHF 596 million (31 Dec 2021: CHF 733 million²)
• The IFRS NAV stands at CHF 814 million as at 30 September 2022 (31 Dec 2021: CHF 578 million)

¹ In line with the Q3 / 9-month 2022 report published today by EPIC co-founder and majority shareholder Alrov Group on the Tel-Aviv Stock Exchange.

² Excluding the corporate bank debt at the level of the Company, which was fully repaid following the IPO.

Financial calendar

Contact information

Valérie Scholtes, CFO, EPIC Suisse AG, Phone: +41 44 388 81 00, E-mail: investors@epic.ch 

About EPIC Suisse AG

EPIC Suisse AG is a Swiss real estate company with a high-quality property portfolio of about CHF 1.5 billion in market value. It has a sizeable development pipeline and a strong track record in sourcing, acquiring, (re)developing and actively managing commercial properties in Switzerland. EPIC’s investment properties are mainly located in Switzerland's major economic hubs, specifically the Lake Geneva Region and the Zurich Economic Area. Listed on SIX Swiss Exchange since May 2022 (SIX ticker symbol EPIC; Swiss Security Number (Valorennummer) 51613168; ISIN number CH0516131684). More information: www.epic.ch

Disclaimer

This publication may contain specific forward-looking statements, e.g. statements including terms like "believe", "assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of EPIC Suisse AG and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not rely on forward-looking statements. EPIC Suisse AG assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.