BriQ Properties REIC

General Assembly MeetingMarch 30, 2020

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01Introduction toBriQ

02CompanyHighlights

03Corporate Governance

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01 Introduction to BriQ

€ 2,9 mRevenues 2019

€ 1,8 mAdj. EBITDA 2019 (1)

€ 1,6 mAdj. EBT 2019 (1)

€ 5,4 mNet Profit 2019

€ 37,6 mCash 31.12.2019

€ 84 m NAV 31.12.2019

38%

17%

28%18%

Free float 45,6%

Theodore Fessas (direct and indirect)Eftychia KoutsoureliInstitutional InvestorsΟther Investors

Shareholders’ structure

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BriQ Key Facts

Capital Structure Financials - snapshot

€ 60,1 m Market Cap (30.03.2020)

28,4%Discount to NAV (27.03.2020)

45,6%Free Float

25Properties

€ 60 mGAV (31.12.2019)

52.024 m2

GLA (31.12.2019)

98%Occupancy Rate (31.12.2019)

€ 4,2 mAnnualized Revenue (30.03.2020)

6,5%Gross Annualized Yield (2)

(31.12.2019)

Portfolio

Notes: (1) Adjusted EBITDA and EBT excludes profit from revaluation of assets and non-recurring expenses(2) Gross Annualized Yield is calculated as the result of Annualized Revenue at 31.12.2019 divided by GAV at 31.12.2019

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BriQ’s Story…

REIC operating license received

A recently established REIC, listed on Athens Stock Exchange (“ATHEX”) since 31 July 2017…

2016 2017 2018

May

€ 24,8 mInitial portfolio of 7 assets

ATHEX Listing

Jul

Company registeredin General Commercial Registry

Oct

€ 0,8 mAcquisition of Retail store on Kifisias Av.

€ 1,2 mAcquisition of Mixed Use building on Posidonos Av.

Nov

Dec

EGM approved the issuance of bond loan up to € 10 m

Jul

Oct€ 2,5 m (2 assets)Acquisition of Special Use building on FillelinonStr. and Office Space on AlamanasStr.

Jul

€ 3,6 mAcquisition of 4* Mr. & Mrs. White Hotel in Paros

€ 5,4 m (2 assets)Acquisition ofOffice building on I. GennadiouStr. and warehouse on Kifissou Av.

Dec

Oct

Dividend distribution(€ 0,035 / share)

Apr

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…until today

…continuously growing and improving its performance

2019

€ 3,3 m (2 assets)Acquisition of 4* Mr. & Mrs. White Hotel in Tinos and land property on Kifissou Av.

Aug

Apr

Apr

Dividend distribution€ 0,055 / share)

ΒοD approval of bond loan up to € 20 m

Jun

Aug

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€ 1,5 mAcquisition of office space (4th

floor) on Syntagma square (3, Mitropoleosstr.)

Sep

€ 2,5 m(2 assets)Acquisition of office spaces (2nd, 3rd and 4th floor) on 280, El. Venizelou Av. and retail on Rhodes island

Oct

€ 6,8 m(2 assets)Acquisition of mixed-use building (office + ground floor retail) in Athens CBD and land property on Paros island

Nov

€ 1,8 m(1 asset)Acquisition of a ground floor retail with mezzanine and basement in Vas. Sofias Ave, Athens

Dec

Successful completion of €50 m SCI

Dec

Financed from € 50 m Share Capital Increase

2020

General Assembly approval of €50 m Share Capital Increase (SCI)

Dividend distribution€ 0,039 / share)

Apr

€ 3,1 m (2 assets)Acquisition of a ground floor retail with mezzanine and basement in Creteand Mr. & Mrs. White Hotel in Corfu

Feb

€ 3,5 m (1 asset)Acquisition of 100% of the shares of thecompany that owns Plaza Hotel in Skiathos

Mar

Sep

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02 Company Highlights

22%

1%

17%52%

6% 2%

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Portfolio overview

GAV breakdown by asset type (as of 31.12.2019)

BriQ’s portfolio primarily comprises of office, logistics and medium size hotels

Main Tenants

Retail Stores3 assets

Special Use (Elderly Hosting Center)1 asset

Land2 assets

Hotels3 assets

Logistics Facilities4 assets

Office Spaces & Mixed Use9 assets

Source: Corporate Information

GAV€ 60 m

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2019 acquisitions

2. Office spaces 1.620m2,Kallithea (280, El. VenizelouAvenue) in Oct. 20193 office floors acquired in publicauction 100% leased at € 1,755 mi.e. 1.080 €/m2

1. Office space 419m2, Athens (3,Mitropoleos Street) in Sept. 20194th floor office space on Syntagmasquare acquired in public auction at€ 1,466 m i.e. 3.500 €/m2

4. Retail space 281m2, Rhodes (1,25th Martiou Str. & Ethel.Dodekanision Str.) in Oct. 2019Acquired in auction at € 0,765 m asvacant at 4.000 €/m2, leasedimmediately after purchase

3. Land 518m2, Naoussa, Paros(adjacent to MMW hotel) in Nov.2019Acquired at € 0,26 m and leasedimmediately to MMW’s hoteloperator as parking at high yield

Notes: (1) Prices per m2 are calculated on adjusted areas by applying a 0,3 coefficient on underground areas and 1,0 on above ground areas(2) Registration of deed with relevant authorities still pending for Property 4

5. Office & retail space 3.022m2,Athens (67, Aiolou Street) in Nov.20199-floor building in Athens CBDacquired at € 6,5 m i.e. 2.384 €/m2

6. Retail space 474m2, Athens(64, Vas. Sofias Avenue) in Dec.2019Ground floor retail with mezzanineand basement in Athens acquired at€ 1,75 m i.e. 5.566 €/m2

BriQ invested a total of € 18,7 m in the acquisition of six (6) properties in 2019

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2020 YTD acquisitions

3. Hotel Plaza 3.888m2, Skiathosisland in Mar. 202079 rooms bought at € 44k per roomLeased to reputable hotel operator(Hotel Brain)

1. Retail space 781m2, RethymnoCrete (8, Giampoudaki Street) inFeb. 2020Ground floor retail with mezzanineand basement in Rethymnoacquired at € 1,13 m i.e. 1.919 €/m2

2. Hotel Mr&Mrs White Corfu1.394m2 in Feb. 202038 rooms bought at € 79k per roomLeased to reputable hotel operator(Hotel Brain)

Notes: (1) Prices per m2 are calculated on adjusted areas by applying a 0,3 coefficient on underground areas and 1,0 on above ground areas(2) Registration of deed with relevant authorities still pending for Property 2

BriQ invested a total of € 7,6 m in the acquisition of three (3) properties in Q1 2020

31.12.2016 31.12.2017 31.12.2018 31.12.2019

GAV Revaluations/Other movements Acquisitions

97% 97%

69%

49%

31.12.16 31.12.17 31.12.18 31.12.19

31.12.2016 31.12.2017 31.12.2018 31.12.2019

Hotels Logistics Mixed Use Offices Retail Special Use Land

Asset uses expanded to hotels, elderly hosting center (special use) and retail

Portfolio growthPortfolio tripled in 3 years and at the same time diversified in new asset types and

in a wider universe of creditworthy tenants

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(# of assets)

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97

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(Quest Group annualized rental income / Total annualized rental income)

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Source: Published Financial Statements, Corporate Information

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BriQ is committed – in line with its investment strategy – to reduce the % of rental income generated by Quest Group (1)

GAV tripled in 3 years

24,326,3

+ 2,0

+ 20,2

(in € m) 60,0

39,8

+ 13,5

1.039

1.387

1.617

2017 2018 2019

28.268 30.730

83.944

31.12.2017 31.12.2018 31.12.2019

1.2501.436

1.852

2017 2018 2019

1.8852.175

2.928

2017 2018 2019

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Financial Performance

Rental Income Adjusted EBITDA*

Adjusted EBT* NAV

(amounts in €000’s)

Source: Published Financial Statements*Excluding profit from revaluations and non recurring expenses

BriQ Proposition

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Dividend play

Targeting high dividend yield (net) in a low-yield environment

Focused strategy to further improve revenue and profitability growth, yielding growing returns to shareholders (cash dividends)

Proven acquisition

track record

Successful track record in value-added acquisitions (portfolio tripled in 3 years)

Clear investment focus on opportunities in specific categories of the Greek real estate market: (1) office space, (2) logistics and (3) hotels

Solid underlying assets

Solid hard asset base acquired at appealing valuations offering downside risk

Diversified portfolio, creditworthy tenants, long-term leases

Experienced

management

Competent management with proven track record

Reputable executive governance and ownership

Committed to best corporate governance practices

Healthy Balance Sheet

Lean and efficient company structure

Conservative capital structure with moderate leverage

Solid financials with headroom to fund new acquisitions and exploit operating leverage

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03 Corporate Governance

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BoD Executive competence

Theodore FessasPresident – Non Exec. Member

Founder and major shareholder of Quest Holdings

President of SEV - Hellenic Federation of Enterprises

Phaedon TamvakakisVice President -

Independent Non-Exec. Member

Founder and Vice Chairman of Alpha Trust Mutual Fund

Anna Apostolidou CEO – Exec. Member

17 years of RE experienceEx-Lamda Development executive (2003-2015)

Ex-Prodea BoD Member

Apostolos GeorgantzisExec. Member

CEO of Quest HoldingsPresident and

Managing Director of ACS

Markos BitsakosNon-Exec. Member

Deputy CEO of Quest Holdings

Eftichia KoutsoureliNon-Exec. Member

Major shareholder andVice Chairwoman of Quest

Holdings

Efstratios PapaefstratiouIndependent Non-Exec.

MemberEx- Finance Director of S&B Industrial Minerals Group

(1989 – 2011) Orymil S.A. BoD member

Eleni LinardouIndependent Non-Exec.

MemberChief Investment Officer

of Ethniki Asfalistiki

Corporate Governance Code Internal Regulation Code Internal Processes

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Committed to best corp. governance practices

Audit Committee Investment Committee

Nomination & Remuneration Committee

Six (6) BoD members Responsible for carrying out

Company’s investment strategy

Recommends new investments to the BoD

Main decision making body for investments

Three (3) BoD members, two (2) of which are independent Examines interim and financial

results Ensure compliance to the legal

framework and internal regulation code

Monitors and evaluates internal control system and framework

Oversees internal & external audit operations

Three (3) BoD members, two (2) of which are independent Develops Company’s

remuneration policy and monitors its application

Responsible for attracting and developing qualified management executives

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* http://www.briqproperties.gr/el/corporate-governance

New BoD, elected by General Assembly of 30.03.2020, comprises of eight (8) members It includes six (6) non-executive members, three (3) of which are independent Highly reputable professionals with proven investment and finance experience

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04 Appendices

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Profit & Loss Statement

Source: Published, Audited Financial Statements

(Αmounts in thousand €)From 01.01.2019

to 31.12.2019From 01.01.2018

to 31.12.2018

Rental Income 2.928 2.175

Net gain/(loss) from fair value adjustments on investment property

4.032 1.734

Direct property relating expenses (415) (291)

Employee benefit expenses (328) (243)

Other operating income / (expenses) net (325) (202)

Depreciation of assets (7) (7)

Depreciation of non-tangible assets (2) (1)

Amortization of Right of Use assets (4) -

Other profit / (loss) net (77) (3)

Operating profit 5.802 3.162

Finance income 235 3

Finance expenses (456) (44)

Finance costs - net (221) (41)

Profit/ (Loss) before tax 5.581 3.121

Corporate tax expense (198) (242)

Profit/ (Loss) for the year 5.383 2.879

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Statement of Financial Position(Αmounts in thousand €) 31.12.2019 31.12.2018

ASSETSNon-current assetsInvestment Property 59.793 39.623Property and equipment 165 169Right of Use Assets 5 -Intangible assets 3 5Trade and other receivables 122 34Current assetsTrade and other receivables 224 94Cash and cash equivalents 37.568 1,303Total assets 97.880 41.228

SHAREHOLDERS’ EQUITY AND LIABILITIESShareholders’ equityShare capital 75.106 27.777Reserves 2.866 82Retained earnings 5.972 2.871Total equity 83.944 30.730LIABILITIESNon-current liabilitiesBorrowings 11.954 8.930Retirement benefit obligations 8 6Trade and other payables 318 347Current liabilitiesTrade and other payables 1.157 373Current tax liabilities 36 132Lease liabilities 5 -Borrowings 458 710Total liabilities 13.936 10.498

Total shareholders’ equity and liabilities 97.880 41.228

Source: Published, Audited Financial Statements

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Cash Flow Statement

Source: Published, Audited Financial Statements

(Αmounts in thousand €)From

01.01.2019 to 31.12.2019

From 01.01.2018

to 31.12.2018

Cash flows from operating activities

Profit / (loss) before tax 5.581 3.121

(Increase)/ Decrease of fair value of investment properties (4.032) (1.734)

Interest paid (393) 1

Tax paid (294) (216)

Other cash flows for operating activities 838 85

Net cash flows from operating activities 1.700 1.257

Cash flows from investing activities

Purchases of property and equipment (3) (2)

Purchases of investment property (16.138) (11.721)

Net cash used in investing activities (16.141) (11.723)

Cash flows from financing activities

Share Capital increase 50.071 -

Expenses of Share Capital increase (1.583) -

Loans repayments (16.201) -

Proceeds from credit account 11.454 -

Proceeds from bond loan 7.622 9.65

Repayment of lease liabilities (4) -

Dividends paid (653) (417)

Net cash from financing activities 50.706 9.233

Net increase / (decrease) in cash and cash equivalents 36.265 (1.233)

Cash and cash equivalents at the beginning of the year 1.303 2.536

Cash and cash equivalents at the end of the year 37.568 1.303

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DisclaimerImportant Notice of Confidentiality and Disclaimer of Liability

THIS DOCUMENT MAY ONLY BE USED IN CONJUNCTION WITH AND SUBJECT TO THE TERMS OF THIS NOTICE

By having access to these materials (the “Materials”) by any means, you agree to the following:

The Materials have been prepared by BRIQ Properties REIC (the “Company”) for informational purposes only.The Materials contain general background information about the Company and are provided solely for use in the context of the presentation.No representation or warranty, explicit or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness orcompleteness of the information contained in the Materials. The Materials are not intended to be relied upon as legal, accounting, regulatory,tax or other advice, do not take into consideration the goals, or the legal, accounting, regulatory, tax or financial situation or the needs of theintended recipients and do not form the basis for an informed investment decision.

The information presented or contained in the Materials may refer to past dates specified in the Materials, is valid as of the date of theMaterials, is subject to change without notice and its accuracy is not guaranteed.The Materials contain statements about future events and expectations that are forward-looking. Such estimates and forward-lookingstatements are based on current expectations and projections of future events and trends, which affect or may affect the Company. Theseforward-looking statements are subject, among other things, to business, economic and competitive uncertainties and contingencies, whichrelate to factors that are beyond the Company’s ability to control or estimate precisely and that could cause actual results to differ materiallyfrom those expressed therein. In view of the above, you are cautioned not to place undue reliance on these forward-looking statements, whichspeak only as of the date of this document. The Company does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this Presentation.The Materials and the presentation do not constitute or form part of and should not be construed as, an offer, or invitation, or solicitation of anoffer, to subscribe for or purchase any securities in any jurisdiction or an inducement to enter into investment activity or any form ofcommitment or recommendation by the Company.Each person is strongly advised to seek its own independent advice in relation to any investment, financial, legal, tax, accounting or regulatoryissues. These Materials and this presentation should not be construed as legal, tax, investment or other advice. Analyses and opinionscontained herein may be based on assumptions that, if altered, can change the analyses or opinions expressed. Nothing contained herein shallconstitute any representation or warranty as to future performance of any security, credit, currency, rate or other market or economicmeasure. The past performance of the Company is not necessarily indicative of future results.

No reliance may be placed for any purpose whatsoever on the information contained in the Materials, the presentation or any other materialdiscussed verbally, or on its completeness, accuracy or fairness.

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Thank You