SCBSM: 2021-2022 annual results: New flagship in the heart of historic Paris, optimization of the financial structure and entry of new institutional investors – 09/30/2022 at 6:30 p.m.

Paris, September 30, 2022 – SCBSM, a property company listed on Euronext Paris, presents its accounts

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of the 2021-2022 fiscal year (period from 1

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July 2021 to June 30, 2022).

The financial year was marked by a dense activity which reinforces the sustainable attractiveness of the company, both in terms of assets and financial structure.

In terms of assets, SCBSM acquired a new office building of nearly 2,400 m² located Avenue de l’Opéra (Paris 1

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), one of the most emblematic arteries of Paris, halfway between the Opéra Garnier and the Louvre Museum. At the same time, SCBSM sold its business building in Buc (Yvelines), representing 7,000 m² of vacant premises.

At the end of June 2022, SCBSM’s assets were thus estimated at €441 million, compared to €375 million a year earlier, of which nearly 84% are now Parisian assets (+3 points in one year).

The Paris portfolio is a major asset in the face of the current crises.

From a financial standpoint, SCBSM proceeded to the early redemption of nearly two-thirds of the ORNANE bonds issued in 2017, i.e. €13.2 million

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mainly in cash (51%) and in treasury SCBSM shares (39%)

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. Thus, the company limits its cash outflow, in order to preserve its strike force in the service of the strategy of targeted acquisitions of Parisian buildings (like the building acquired on Avenue de l’Opéra in Paris last May ), and the dilution of its shareholders, by using part of its treasury stock.

This strategic operation significantly improves the group’s financial structure (increase in equity

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reduction in financial debt and financial expenses, improvement in LTV) and its stock market profile, despite a mechanical impact on NAV per share

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. Following this transaction, SCBSM’s free float fell from 41.45% as of June 30, 2021 to 47.28% and the company in turn welcomed new benchmark institutional investors, a guarantee of recognition on the the quality of the work done.

Thanks to the company’s operational performance, the increase in the value of the portfolio and the appreciation of hedging tools during a period of rising interest rates, net profit is expected at €33.8 million, compared to €16.0 million for the 2020-2021 financial year, based on the accounting work in progress.

The publication of the Universal Registration Document, at the end of October, will give rise to the publication of a new press release detailing the accounts of SCBSM.

About SCBSM:

SCBSM has been listed on Euronext in Paris (FR0006239109 – CBSM) since November 2006. The Group’s real estate assets amount to €441 million, of which approximately 84% is located in Paris CBD. SCBSM has SIIC status and is part of the IEIF SIIC France index. More information on www.scbsm.fr.

ACTUS finance & communication contacts:

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Data being audited

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Of which €10.2 million before June 30, 2022 and €3 million after the end of the financial year

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The balance was converted into new shares, resulting in the creation of 186,430 new shares in August 2022

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Treasury shares that are not accounted for under IFRS are thus once again

valued on the balance sheet

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Treasury shares are not taken into account in the NAV calculation

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