Immobiliare Grande Distribuzione SIIQ: Interim Financial Report as of March 31, 2022 (828 Ko – pdf)

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LARGE DISTRIBUTION REAL ESTATE

SOCIETA’ DI INVESTIMENTO IMMOBILIARE QUOTATA SPA

Headquarters in Bologna, Via Trattati Comunitari Europei1957-2007 n.13,

VAT, Bologna Companies Registry no. 00397420399

Bologna Chamber of Commerce registration number. 458582

Share capital subscribed and paid up: €650,000,000.00

INTERIM FINANCIAL REPORT

03/31/2022

GROUP IGD – Aggregated periodic financial information as of 03/31/2022

Corporate bodies and supervisory bodies ………………………………………….. ………………………………………….. …………………………..

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1.

Gruppo IGD interim financial report ………………………………………….. ………………………………………..

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1.1.

// IGD group………………………………………….. ………………………………………….. ………………………………………..

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1.2.

// Review of the income statement ………………………………………….. ………………………………………….. ………………

seven

1.3.

// Statement of financial position and financial review ………………………………………….. ……………

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1.4.

// Highlights as of March 31, 2022………………………………………….. ………………………………………..

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1.5.

// Next events ………………………………………….. ………………………………………….. ………………………..

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1.6.

// Outlook ………………………………………….. ………………………………………….. ………………………………………….. .

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2. CONSOLIDATED FINANCIAL STATEMENTS OF GRUPPO IGD AS OF MARCH 31

2022 ………………………………………….. ………………………………………….. ………………………………………….. ……….

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2.1

// Consolidated income statement ………………………………………….. ………………………………………….. ….

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2.2

// Consolidated statement of comprehensive income ………………………………………….. ………………

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2.3

// Consolidated statement of financial position………………………………………….. …………………………

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2.4

// Consolidated statement of changes in equity………………………………………….. ………………………..

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2.5

// Consolidated statement of cash flows ………………………………………….. ……………………………………..

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2.6

// Net financial position ………………………………………….. ………………………………………….. ……………………

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2.7

// Preparation criteria and scope of consolidation ………………………………………….. ……………………

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2.8 // Certification of the interim management declaration pursuant to Art.154-bis (2)

of Legislative Decree 58/98 ………………………………………….. ………………………………………….. …………….

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GROUP IGD – Aggregated periodic financial information as of 03/31/2022

Corporate bodies and supervisory bodies

Nope

Control

Appointment and

Related

board of directors

Desk

Executive

Independent

and risk

Compensation

To party

Executive

Committee

Committee

Committee

Rossella Saoncella

President

X

Stefano Dall’Ara

Vice-president

X

Claudio Albertini

General director

X

Officer

Edy Gambetti

Director

X

Antonio Rizzy

Director

X

X

X

Silvia Benzi

Director

X

X

X

Rossella Schiavini

Director

X

X

X

Alessia Savino

Director

X

Timothy Guy Michele Santini

Director

X

X

Rosa Cipriotti

Director

X

X

Gery Robert-Ambroix

Director

X

X

Council of statutory

Desk

Upright

Alternate

Auditors

Gian Marco Comitteri

President

X

Massimo Scarafuggi

Listener

X

Daniela Preite

Listener

X

Daniela Del Frate

Listener

X

Aldo Marco Maggi

Listener

X

Ines Gandini

Listener

X

Supervisory Board

Gilberto Coffari (Chairman), Alessandra De Martino, Paolo Maestri

External auditors

PricewaterhouseCoopers SpA

Financial Reporting Manager

Carlo Barban

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GROUP IGD – Aggregated periodic financial information as of 03/31/2022

1. Gruppo IGD interim financial report

GROUP IGD – Interim Financial Report as of 03/31/2022

1.1. // IGD group

The first company in Italy to obtain SIIQ (Società di Investimento Immobiliare Quotata) status in 2008, IGD remains the only commercial real estate company qualified as SIIQ.

Most of the Group’s property portfolio is located in Italy (93.7%). Foreign assets, which account for the remaining 6.3%, include the Winmarkt shopping center chain controlled by IGD through Win Magazin Sa.

The scope of transactions exempt from IGD SIIQ includes full ownership assets found in Italy.

On July 21, 2021, the shareholders of the subsidiaries IGD Management Srl, Millennium Gallery Srl, RGD Ferrara Srl and IGD Service Srl approved the single merger and demerger project, which provides for: (i) the merger by incorporation of RGD Ferrara 2013 Srl and Millennium Gallery Srl into IGD Management Srl and (ii) the proportionate partial demerger of IGD Management post merger into IGD Service Srl The deeds of merger and demerger were filed on September 22, 2021.

The merger and demerger operations took effect as of October 1, 2021. The accounting and tax effects of the merger were retroactive to January 1, 2021, while those of the demerger coincide with the statutory effects.

As a result of the reorganisation, the properties belonging to the Centro Sarca and Millennium Center shopping centers (previously owned by IGD Management Srl and Millennium Gallery Srl) have been assigned to IGD Management, while IGD Service Srl now manages the activities

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