PRESENTATION 2020 BPD Corporate Company Profile BPD is an international company part of Tavistock Group, headquartered BPD is the leading long-term developer, owner, and operator of industrial in Sofia. Established in 2004, it is the first company in Bulgaria listed on real estate in Bulgaria. The Company owns and manages properties in key AIM, the second tier market of London Stock Exchange. locations. Until 2020, our achievements include: ........................................................................................................................................................... ........................................................................................................................................................... BPD became part of the Tavistock group in 2009 - privately held invest- Ownership and management of more than ment company founded by the investor Joseph Lewis more than 40 years ago. The company has grown to encompass a broad portfolio of invest- 100,000 sq.m. GROSS LEASABLE AREA OF INDUSTRIAL, WAREHOUSE ments in 15 countries. AND LOGISTICS PREMISES ........................................................................................................................................................... ........................................................................................................................................................... In 2018, BPD expanded its portfolio by acquiring Real Estate Investment Ownership of more than Fund (REIT), publicly quoted on the Bulgarian Stock Exchange. This landmark opens up exciting opportunities for Bulgarian and international 400,000 sq.m. private and institutional investors to take part in the industrial and ware- OF INDUSTRIAL LAND WITH PROJECTS IN PIPELINE IN SOFIA, housing projects market in Sofia and other major cities in Bulgaria. VARNA, RUSE, PLEVEN, BURGAS ........................................................................................................................................................... ........................................................................................................................................................... More than 190 INTERNATIONAL AND LOCAL CLIENTS ........................................................................................................................................................... BPD is ON 11 LOCATIONS, HAS 55 BUILDINGS IN 6 MAJOR OPERATING LOGISTICS PARKS ........................................................................................................................................................... 2 BPD Corporate BPD Milestones 16 YEARS OF EXPERIENCE & EXPERTISE Completion of a build-to-suit project for German pharma- ceutical company 2004- 2004 2007 2007 2009 2010 2012 2014 2018 2019 2020 2009 PRESENT roots of stock of BPD was intensive became BPD be- Logistics BPD A KEY BDP launches con- BPD-the land accu- awarded land de- part of the come sole Park BPD become YEAR struction of logistics year the mulation Investor velopment Tavistock proprietor Ruse par- Investor of FOR building of 15 000 company Class A for and con- group of Logistics ticipated in the Year for BPD* sq.m. in the heart started the Logistics struction of Park BPD the National Built-to-suit of BPD Varna. The journey Park BPD industrial, Varna Contest project for building expands the Varna warehouse ”Building of German total built-up area of and logistics the Year” automotive the Logistics Park to premises company 62 000 sq.m 15 years’ anniversary of BPD * Participation in EXPO Registration of Trade Mark BPD REAL, MUNICH, the largest international The portfolio grew with BPD Industrial Real Estate Fund REIT trade fair for real es- In 2018, BPD launched the Phase II of Logistics Park BPD Sofia tate and investment East. For the second time we meet the standards of a pharmaceu- tical warehouse of about 4 300 sq. m. BPD acquired a property of 30 000 sq.m. at the entrance of Bozhu- rishte and added a new location in Sofia - BDP Sofia West. BPD acquired more than 200 000 sq.m. in Industrial Park Pleven as a 51% owner. CLOUD services available for BPD Logistics activities. 3 BPD Corporate Mission BPD Focus Vision we focus on investing in strong ideas and as- sets. we focus on sustainable growth, which we Focus achieve by continuing our further develop- ment. BPD we focus on maintaining an optimal balance of key located portfolio of prime investments. Vision we focus on building trust. Trust comes be- fore business. Our corporate vision is being a leader in a rap- idly changing market environment through making innovative decisions and manage- ment of team of professionals with key com- petences. Create and develop long-term BPD relations with employees, partners and coun- Mission terparts being of mutual interest and benefit. Our corporate mission is the development and management of real estate projects. We target to identify investment opportunities and acquisition and management of new businesses applying new flexible manage- ment styles earning profit and creating value. 4 BPD Corporate Territory SWEDEN ROMANIA FINLAND of Operation NORWAY SERBIA ESTONIA BULGARIA RUSSIA WHY BULGARIA LATVIA DENMARK LITHUANIA Bulgaria is a member of the European Union, MACEDONIA NATO and WTO TURKEY BELARUS IRELAND UNITED Stability of the currency is supported by the GREECE KINGDOM NETHERLANDS POLAND GERMANY BELGIUM currency board. Bulgaria is in the “waiting CZECH LUXEMBOURG REPUBLIC UKRAINE room” of the Eurozone SLOVAKIA LIECHTENSTEIN MOLDOVA Full political and financial stability AUSTRIA FRANCE HUNGARY SWITZERLAND Fast growing economy SLOVENIA CROATIA ROMANIA BOSNIA Corporate income tax rate is 10%, the lowest in AND SERBIA HERZEGOVINA BULGARIA the EU MONTENEGRO GEORGIA PORTUGAL MACEDONIA Personal income tax is 10%, flat rate SPAIN ARMENIA ITALY ALBANIA AZERBAIJAN Bulgaria has one of the most competitive costs GREECE TURKEY of labor in Central and Eastern Europe IRAN The lowest operational costs in EU MALTA SYRIA CYPRUS Favorable industrial rents and low cost of utili- LEBANON TUNISIA ties MOROCCO IRAQ ISRAEL Work force is well educated, highly skilled and ALGERIA JORDAN KUWAIT multilingual LIBYA EGYPT Ease of Stability of the currency is supported by the transportation stability of the currency board. of cargo is provided by Four major Bulgaria is a Two main Numerous Five Pan- airports: strategic seaports: ports at European Sofia, Plovdiv, STRATEGIC LOCATION logistics Varna and the Danube corridors Burgas and hub Burgas River (IV, VII, VII, XI, Varna X), which pass through the country 5 BPD Corporate Tavistock group was founded over 40 years ago by Brit- We are part of ish investor Joseph Lewis. The group has more than 200 assets across 15 countries with a deep concentration in 11 strategic verticals. Tavistock investment approach is opportunistic, global in nature and focused. The group invests own capital. Tavistock is decisive and invest to accelerate business growth and asset appreciation Real Estate Sports Commercial, Financial Hotels Franchises & Agriculture Art Resort & Services Entertainment Residential “We are focused on one thing in Distribution, Energy, Oil, Retail Restaurants Manufacturing Life Sciences everything we do Gas & Electric & Logistics – excellence.” – Joe Lewis 6 BPD Corporate Chief Executive Statement “I have been involved as а Managing Director and CEO from day 1. I’ m proud being a founder of probably the most trusted and reliable company for development of logistics and industrial facilities in Bulgaria. At BPD, we are committed to our clients and willingly take on responsibility. It’s more than business – it’s per- sonal! I believe it’s our passion that makes us stand out in this marketplace-our passion to translate today’s dreams into sustainable achievements of tomorrow.” Philip Pashov CEO, BPD 7 BPD Corporate BPD Team Force FINANCIAL AND BUSINESS Departments in BPD ACCOUNTING DEVELOPMENT We have a long term view. We are committed. We build relationships. We are careful. REIT PROJECT We are loyal. MANAGEMENT MANAGEMENT We are dedicated. (PM) We have a lot of experience. We trust each other. We like challenges. We are proud of our company. We are open to new ideas. We are hard working. LOGISTICS We are innovative. SALES AND MARKETING We are flexible. FACILITY MANAGEMENT PROPERTY MANAGEMENT We are BPD. It`s personal. 8 BPD Corporate Why BPD experience in development and local knowledge existing portfolio of attractive sites on key locations delivery and management of premium class A industrial and logistics facilities COMPETITIVE ADVANTAGES delivery of sustainable solutions that best serve clients business needs solvency and strong cash position flexible financing schemes available wide network of contacts and partnerships international company, part of Tavistock group international standards with strong local knowledge attractive properties on key locations numerous completed industrial buildings all over the country BPD AS A PARTNER strong engineering track record and expertise BPD is a synonym for transparency, solvency and strong cash position long lasting relationships with partners trustworthy partner with excellent reputation RELIABILITY COMMITMENT RESPONSIBILITY BPD CORPORATE VALUES CONSISTENCY PARTNERSHIP SYNERGY PROACTIVITY 9 BPD Corporate Fast Facts and Figures: Partnerships: ............................................................................................................................................................................