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Investor Relations
FULL-YEAR RESULT 2022
Zug Estates Group records very pleasing annual results
Thanks to a broadly diversified portfolio in terms of uses and the major recovery in the hotel and catering sector, the last financial year was very positive for the Zug Estates Group.
KEY FIGURES
All figures as at 31 December 2022
Net income
39.8
Mio.
CHF
Net income excluding revaluation and special effects
33.8
Mio
CHF
Property income
62.2
Mio.
CHF
Vacancy rate investment properties
1.6
%
Equity ratio
55.2
%
Portfolio market value
1.83
Mrd.
CHF
AGENDA
25.08.2023
Publication of Half-Year Report 2023 and Sustainability Report in accordance with the GRI Standards
06.09.2023
Sustainability forum
AD HOC ANNOUNCEMENTS
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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 2022, the following shareholders owned more than 3% of total voting rights:
| Series A registered shares | Series B registered shares | Votes as at 31.12.2022 | Votes as at 31.12.2021 | |
|---|---|---|---|---|
| Buhofer Group¹ | 409 576 | 43 971 | 47.4% | |
| Heinz M. Buhofer | 25 830 | 53 770 | 8.3% | |
| Johannes Stöckli | 56 800 | 3 866 | 6.3% | |
| Werner O. Weber, indirectly held through Wemaco Invest AG | 0 | 60 392 | 6.3% |
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 2022)
| Number of registered shareholders | Registered shareholderers in % | Number of registered shares | Registered shares in % | |
|---|---|---|---|---|
| Natural persons | 1 446 | 84.1 | 220 590 | 50.5 |
| Pension funds | 72 | 4.2 | 65 665 | 15.0 |
| Funds | 48 | 2.8 | 28 143 | 6.5 |
| Foundations | 19 | 1.1 | 4 317 | 1.0 |
| Insurers | 9 | 0.5 | 5 391 | 1.2 |
| Banks | 15 | 0.9 | 4 053 | 0.9 |
| Other leagel entities | 110 | 6.4 | 108 622 | 24.9 |
Dividend polidy
The dividend policy of Zug Estates Holding and the amount of future dividends it decides to pay, if any, will depend on a number of factors, including, but not limited to, its earnings, financial condition, cash requirements, the general business outlook for the Group, legal obligations in connection with the distribution of dividends and other factors.
The board of directors intends to propose a dividend calculated at an annual growth rate of 10% until such time as the payout ratio reaches a level of two thirds of earnings from operations and as long as no major investments are needed.
| 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|
| Cash distribution per series B registered share* | CHF 37.50 | CHF 34.00 | CHF 31.00 | CHF 28.00 | |
| 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
| 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|
| Series B registered share | CHF 1 980 | CHF 2 030 | CHF 2 330 | CHF 1 675 |
The tax Value of Zug Estates Holding AG's refistered shares are also available under www.zug.ch/tax.
Bond
Disclaimer
The information included on the website may only be provided to residents of Switzerland for legal reasons. Thank you for your understanding.
I am a resident of Switzerland:
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: |
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Green Bond Prospects
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Second Party Opinion about the Sustainability of Zug Estates "Green Bond"
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Green Bond Reporting
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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
Credit Research
Your contact
Mirko Käppeli
CFO
+41 41 729 10 10
ir@zugestates.ch
Zug Estates Holding AG
Industriestrasse 12
CH-6300 Zug