2026 1 INICIAREMOS EM INSTANTES 2 Aviso Legal Esta apresentação pode conter declarações prospectivas sobre a MRV Engenharia ("MRV" ou "Companhia"), sinergias antecipadas, resultados e estratégias futuras . Essas declarações são baseadas em expectativas e suposições atuais feitas por nossa administração . Embora nossa administração acredite que as expectativas e suposições nas quais tais declarações prospectivas se baseiam sejam razoáveis, não podemos dar qualquer garantia de que se revelarão corretas . Além ...

Core Viewpoint - Arco Vara has appointed Rait Riim as the new CEO, effective April 1, 2026, for a term of three years, aiming to enhance the company's growth and profitability [1][4]. Group 1: Leadership Changes - Rait Riim has been appointed as the new CEO of Arco Vara AS, with his authority starting on April 1, 2026, and lasting for three years [1]. - Kristina Mustonen will be recalled from the Management Board of Arco Vara AS as of April 22, 2026 [5]. Group 2: Rait Riim's Background - Rait Riim brings 20 years of experience in the real estate sector, previously serving as Head of Real Estate Investments at LHV Varahaldus AS and holding roles at Kapitel AS and Ektornet Management Estonia OÜ [2]. - He was a member of the Supervisory Board of Arco Vara AS from 2020 to 2021, representing LHV Pension Funds [2]. Group 3: Strategic Priorities - Rait Riim's main priorities include the successful execution of the Luther Quarter and Arcojärve developments, balancing the development portfolio, and maintaining strong financial discipline [3]. - The Supervisory Board expects the new CEO to ensure Arco Vara's growth and stable profitability, leveraging the current development portfolio as a foundation for this growth [4]. Group 4: Vision and Goals - Rait Riim aims for Arco Vara to be recognized as a benchmark for urban space and living environment quality, sustainability, and long-term value [4]. - The company emphasizes the importance of creating comprehensive environments that enhance homeowner pride and property value over time [4].

Core Insights - Liven Kodu 24 OÜ has successfully acquired a development property in Tallinn for EUR 1.1 million, marking a strategic move to enhance its development pipeline in a rapidly growing area [1][5] - The planned residential building complex will occupy approximately 13,300 m² and will include commercial premises, with a total estimated investment of EUR 20 million [2][5] - The acquisition is expected to ensure continuity in Liven's ability to provide new homes in the Haabersti district, which is characterized by a competitive development market [3][4] Company Strategy - The acquisition aligns with Liven's strategy to secure long-term development opportunities in one of Tallinn's fastest-growing districts, ensuring ongoing project capabilities [3] - The success of Liven's Luuslangi development project, where over half of the homes in the second phase have been sold prior to completion, reinforces confidence in the area's market potential [4] Financial Overview - The transaction value for the property acquisition is EUR 1.1 million, with a projected total investment of EUR 20 million for the development project [5] - Funding for the acquisition will be sourced from Liven's green bonds offering, indicating a commitment to sustainable financing [5]

Financial Data and Key Metrics Changes - Reported FFO per share for Q2 2025 was $1.91, including $0.15 from the development of Freedom Plaza Shopping Center, while excluding this, FFO was $1.76, exceeding consensus and prior year FFO [6][26] - Comparable property level operating income grew approximately 5% in Q2, excluding tax credit [7] - NAREIT FFO per share guidance for 2025 was raised to a range of $7.16 to $7.26, reflecting a 6.5% growth at the midpoint [31] Business Line Data and Key Metrics Changes - Comparable retail leasing reached 644,000 square feet, nearly an all-time quarterly record, with rent spreads of 10% over in-place rents and 21% on a straight-line basis [20] - Office leasing saw 141,000 square feet signed in Q2, with total amenitized mixed-use portfolio reaching 96% leased [28] Market Data and Key Metrics Changes - The acquisition of Town Center Plaza and Town Center Crossing in Kansas City was highlighted, with demographics showing medium household incomes of $180,000, placing it among the strongest markets [22] - Annual foot traffic for the acquired centers ranked in the top 15% of the portfolio and top 2% of all shopping centers in the US [22] Company Strategy and Development Direction - The company is expanding its acquisition strategy geographically while maintaining a focus on high-quality retail properties [10][11] - Disposition strategy includes selling assets that limit long-term growth potential, with recent sales totaling $143 million [30] - Development remains a core competency, with a focus on residential projects due to historically lower exit cap rates [17][80] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong leasing demand and a robust pipeline of approximately 1 million square feet [21] - The company anticipates occupancy levels to rise from 93.6% to the low-94% range by year-end [31][107] Other Important Information - The company declared a quarterly common dividend increase to $1.13 per share, marking the 58th consecutive annual increase [33] - The liquidity position improved to $1.55 billion, with over $1.23 billion available on the unsecured credit facility [29] Q&A Session Summary Question: Potential acquisitions in the pipeline - Management indicated that one acquisition is in a familiar market while another is in a new market, with cap rates expected in the high sixes to low sevens [36][37] Question: Transition to new markets - Management noted that post-COVID, there is greater openness to exploring new markets, driven by retailer demand [40][42] Question: Leasing timing and bankrupt tenants - Executed deals are expected over the next three quarters, with a typical 12-month period for new leases to start producing [46][48] Question: Environment in Washington DC - Restaurants in the company's markets remain resilient, with overall traffic trends showing improvement [50][52] Question: Competitive bidding for properties - The company is facing less competition for larger assets in new markets compared to coastal areas [96][97] Question: Multifamily portfolio size - The company expects the residential income percentage to remain around 10% to 11% of total income [100][101]