Carmila 2022 Half-Year Results

Key financial information

o Resumption of normal financial performance and organic growth:

— Net rental income up 34.6% versus first-half 2021, of which 4.8% in organic

growth

— Collection rate of 95.8% in the first half of 20221

o Recurring earnings per share up 59.2% versus first-half 2021 to €0.83

o Full-year 2022 recurring earnings per share expected to be up 20%

First-half 2022 trading

o Retailers sales at 2019 levels in the first half of the year, and up 5% versus vs. 2019 in

the second quarter

o Leasing momentum maintained, with 517 leases signed in the first half of the year

(up 17% in terms of annual rent compared to first half 2019; down 16% compared to

the record performance in first-half 2021)

o Positive reversion of 2.8% on new leases

o Financial occupancy at 96.2%, up 0.5 percentage points versus end-June 2021

o Like-for-like increase of 4.1% in the rental base compared to end-2021

Strong balance sheet

o Like-for-like increase of 1.1% in the portfolio valuation versus end-2021

o EPRA Net Tangible Assets (NTA) per share of €24.82 at end-June 2022, up 1.2% versus

end-2021

o New €550 million sustainability-linked bank loan (3 month Euribor plus 180 basis points,

maturing in 2027)

o Loan-to-value ratio2 of 36.9% at end-June 2022, down 50 basis points versus end-2021

o Net-debt-to-EBITDA ratio at 8.0x at end-June 20223, versus 9.7x at end-2021; interest

coverage ratio3 at 4.6x, versus 3.9x at end-2021

Significant events of first-half 2022

o Sale of a portfolio of six assets in France for €150 million

o Acquisition of the Rosaleda shopping centre in Malaga, Spain for €24.3 million

o Completion of two share buybacks for a total amount of €30 million

o Carmila joins the SBF 120 index