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FULL-YEAR RESULT 2023

Zug Estates Group presents pleasing operating result

Pleasing operating result for Zug Estates Group thanks to numerous rental successes, increased rental income and repositioning of Garden Park Zug AG.

Full-Year Reporting 2023

KEY FIGURES

All figures as at 31 December 2023

Net income

24.2

Mio.

CHF
Net income excluding revaluation and special effects

18.0

Mio

CHF
Property income

65.7

Mio.

CHF
Vacancy rate investment properties

3.9

%
Equity ratio

54.9

%
Portfolio market value

1.83

Mrd.

CHF

AGENDA

22.08.2024

Publication of Half-Year Report 2024

27.08.2024

Sustainability forum, Suurstoffi-Areal, Risch Rotkreuz

20.02.2025

Publication of Annual Report 2024

09.04.2024

General meeting of shareholders


Provisional dividend dates
11.04.2024: Ex-Date
12.04.2024: Record-Date
15.04.2024: Payment-Date

AD HOC ANNOUNCEMENTS

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SHARE INFORMATION

Zug Estates Holding AG has two categories of shares. Series A registered shares ( security number: 14 805 211) are not listed, series B registered shares have been listed in the regulatory standard for real estate companies of SIX Swiss Exchange in Zurich since July 2, 2012 ( security number: 14 805 212, ticker symbol: ZUGN).

INVESTMENT PROFILE

Geographic focus

Attractive business location

Highly suitable for inclusion in a portfolio

Stable shareholder structure

Solid value

Growth without dilution

Broad diversification

Greenest security among listed real estate companies

Key Share Data

Zug Estates Holding AG has two categories of shares. Series A registered shares ( security number: 14 805 211) are not listed, series B registered shares have been listed in the regulatory standard for real estate companies of SIX Swiss Exchange in Zurich since July 2, 2012 ( security number: 14 805 212, ticker symbol: ZUGN).

Key Share Data
Exchange Switzerland (SIX)
Currency CHF
Type Series B registered shares
Securities number 14 805 212
ISIN number CH 014 805 212 6
Symbol SWX ZUGN
Fundamental data
Issued series B registered shares 460 340
Other categories of share in the share capital
496 600 series A registered shares of type A with a par value of CHF 2.50 each (not listed)

Shareholders structure

Significant shareholders

As at 31 December 2023, the following shareholders owned more than 3% of total voting rights:

Series A registered shares Series B registered shares Votes as at 31.12.2023 Votes as at 31.12.2022
Buhofer Group¹ 409 576 50 034 48.0% 47.4%
Heinz M. Buhofer 26 010 53 770 8.3% 8.3%
Johannes Stöckli 56 800 3 866 6.3% 6.3%
Werner O. Weber, indirectly held through Wemaco Invest AG 0 60 392 6.3% 6.3%
Basellandschaftliche Pensionskasse 0 29 671 3.1% n/a

1 The Group comprises Elisabeth Buhofer, Annelies Häcki Buhofer, Martin Buhofer und Julia Häcki, if acting in mutual agreement. Some shares are indirectly held through Homia Holding AG.

Series B registered shares by category of shareholders (as at 31 December 2023)
Number of registered shareholders Registered shareholderers in % Number of registered shares Registered shares in %
Natural persons 1 460 85.3 207 448 48.2
Pension funds 67 3.9 68 945 16.0
Funds 47 2.7 93 633 21.7
Foundations 18 1.1 4 769 1.1
Insurers 8 0.5 4 565 1.0
Banks 11 0.6 1 558 0.4
Other leagel entities 101 5.9 49 752 11.6
Total 1 712 100.0% 430 670 100.0%

Dividend policy

In line with the announced gradual increase in the dividend up to a maximum of two-thirds of net operating income, the board of directors will propose to the general meeting of shareholders (9 April 2024) that the dividend be increased by 7.3%, from CHF 4.10 to CHF 4.40 per series A registered share and from CHF 41.00 to CHF 44.00 per series B registered share.

The board of directors has decided to amend the dividend strategy in favour of a more open formulation. Zug Estates continues to endeavour to ensure a positive dividend trend. The distribution should ensure a solid, long-term financing structure in the future too and not amount to more than 90% of operating profit.

2023 2022 2021 2020 2019
Cash distribution per series B registered share* CHF 44.00 CHF 41.00 CHF 37.50 CHF 34.00 CHF 31.00
Special dividend promotional profit from Aglaya per series B registered share* CHF 10.00 CHF 13.00

* Payable in the following year, proposed by the board of directors

Tax value
2023 2022 2021 2020 2019 2018
Series B registered share CHF 1 605 CHF 1 770 CHF 1 980 CHF 2 030 CHF 2 330 CHF 1 675

The tax value of Zug Estates Holding AG's registered shares can also be called up on the corresponding website of the tax administration of the Canton of Zug (local values - shares 2023).

Bond

Disclaimer

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The information included on this website does not constitute an offer or an invitation or recommendation to hold, purchase or sell shares or other securities in Zug Estates Holding Ltd.; it is also not a confirmation of a transaction or an invitation to enter into a transaction. The website and the information published there may not be used or published in any jurisdiction (in particular not in the USA, Japan, Canada or Australia) where it violates applicable law or provisions.

Fixed-interest bonds
Valor symbol ZEH22 ZEH19
Listing SIX Swiss Exchange SIX Swiss Exchange
Green Bond Yes Yes
Security number 114 872 819 494 734 426
ISIN CH1147828194 CH0494734426
Payment date 17 Feb 2022 2 Oct 2019
Volume CHF 100 million CHF 100 million
Repayment 17 Apr 2029 2 Oct 2025
Interest rate 0.75% p. a. payable annually on April 17th 0.1% p. a. payable annually on October 2nd
Dokumente: download icon download icon Green Bond Prospects
download icon download icon Second Party Opinion about the Sustainability of Zug Estates "Green Bond"
download icon Green Bond Reporting

Green Bond Emission 2022

Zug Estates Holding AG issued a second green bond for CHF 100 million on January 19, 2022. This means that the bond portfolio consists entirely of financial instruments focused on sustainability.

RESEARCH

Equity Research

Bank Vontobel AG

Matteo Lindauer

+41 58 283 72 41

matteo.lindauer@vontobel.com

Research Partners AG

Markus Kramer

+41 44 533 40 30

markus.kramer@researchpartners.ch

Zürcher Kantonalbank

Philippe Züger

+41 44 292 48 48

philippe.zueger@zkb.ch

Credit Research

fedafin AG

Peter Gasser

+41 71 552 32 10

peter.gasser@fedafin.ch

Zürcher Kantonalbank

Holger Frisch

+41 44 292 33 37

holger.frisch@zkb.ch

Your contact

Mirko Käppeli

CFO

+41 41 729 10 10

ir@zugestates.ch

Zug Estates Holding AG

Baarerstrasse 18

CH-6300 Zug

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