I Seite 1Stand: 10.04.23

CREATING FINANCIAL SUCCESSxxx

DIN A5?

Anderes Titelfoto?

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Agenda

Partners and Business domains

KGAL: Facts and figures

Corporate Solutions Products References Contacts Examples of individual solutions

Funds and Asset Management KGAL – Fund manager Reference Funds and Asset Management

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Partners and Business domains

1) über HASPA Finanzholding, die Holdinggesellschaft der Hamburger Sparkasse

Dresdner Bank45 %

BayernLB 30 % Hamburger Sparkasse1) 15 %

Sal. Oppenheim10 %

Funds and Asset ManagementCorporate Solutions

KG Allgemeine Leasing GmbH & Co.

Use the various bank logos

Haben wir auch ein gutes Foto vom Neubau, dem eigentlichen Sitz von CS?

I Seite 4Stand: 10.04.23

KGAL: Facts and Figures

2007

New Business volume (in Billion EUR) 3,4

Portfolio volume (in Billion EUR) 30,1

Number of Leasing and Fund partners ca. 1.860

Capital resources of KGAL (in Million EUR) 97,6

Employees/Staff 429

Stand: 31.12.2007

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Capabilities Classic leases Investment models with leasing-like structures Structured financing concepts Service and advice

Performance parameters Specialist knowledge to optimise finances Expertise in questions regarding tax, contracts and

accounting Marketing structure with excellent client contacts Regional networks Good market reputation

Corporate Solutions – Your partner for individual solutions

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Corporate Solutions: Products

Financial equipment

leasing

Leasing fund and

investment models

Operating Leasing

and other Leasing

models

Financial Advisory

and Engineering

IFRS-/US-GAAP-

Models

Public Private

Partnerships (PPP)

Real Estate Portfolio

Management

I Seite 7Stand: 10.04.23

Corporate Solutions: Products

Financial equipment

leasing

Leasingfonds und

Beteiligungsmodelle

Operating Leasing

und andere

Mietmodelle

Financial Advisory

and Engineering

IFRS-/US-GAAP-

Modelle

Public Private

Partnerships (PPP)

Real Estate Portfolio

Management

Tailor-made leasing

All types of classic leasing models (Residual book value-, Rent advance- and Tenant-shareholding models)

All types of assets (Real estate, large-scale movables and intangible goods)

New construction leasing, Sale-and-lease-back, Buy-and-lease

To achieve original lease advantages e.g. the Off-Balance-Effekt, Liquidity/Personal capital protection, tax optimisation and when required, inclusion under ALBA BauProjektManagement GmbH.

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Leasing fund and

investment models

Corporate Solutions: Products

Finanzierungsleasing Operating Leasing

und andere

Mietmodelle

Financial Advisory

and Engineering

IFRS-/US-GAAP-

Modelle

Public Private

Partnerships (PPP)

Real Estate Portfolio

Management

Optimisation through the integration of investor capital

Leasing fund with long-term calculation basis for commercial sole investors

Investment models for (several) institutional investors in the form of Private Placements

Capital taxation models for major private investors, foundations

§ 6b EStG Models

For large-scale projects in the form of real estate, large installations/plants and movables

I Seite 9Stand: 10.04.23

Corporate Solutions: Products

Finanzierungsleasing Leasingfonds und

Beteiligungsmodelle

Operating Leasing

and other leasing

models

Financial Advisory

and Engineering

IFRS-/US-GAAP-

Modelle

Public Private

Partnerships (PPP)

Real Estate Portfolio

Management

Balance sheet neutrality and flexibility

Operating Leasing, e.g. for rolling Stock & road vehicles. To improve the performance and optimise the business ratings

Leasing models, e.g. For office and administrative buildings for the purpose of balance sheet neutrality and flexible arrangement of the utilisation period

With financing through investor capital and/or outside financing

I Seite 10Stand: 10.04.23

Corporate Solutions: Products

Finanzierungsleasing Leasingfonds und

Beteiligungsmodelle

Operating Leasing

und andere

Mietmodelle

Financial Advisory

and Engineering

IFRS-/US-GAAP-

Modelle

Public Private

Partnerships (PPP)

Real Estate Portfolio

Management

Improvement of asset-efficiency

Mobilisation of real estate holdings of commercial and public businesses through restructuring, disincorporation or selling-off of properties

Optimisation of the law-governed business, balance sheet and tax status – in preparation for later utilization/marketing

Investment in real estate subsidiaries of companies (e.g. Real estate Joint venture) to improve financing and the flexibility of the portfolio management

Acquisition/Administration of owner rights for investors and the fulfillment of diverse tasks within the framework of asset management

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Corporate Solutions: Products

Finanzierungsleasing Leasingfonds und

Beteiligungsmodelle

Operating Leasing

und andere

Mietmodelle

Financial Advisory

and Engineering

IFRS-/US-GAAP-

Modelle

Public Private

Partnerships (PPP)

Real Estate Portfolio

Management

Efficiency increases in the public sector

Financing- and realisation models in the form of hire purchase, leasing, leasing- and fund models

Particularly suitable to PPP-Models: All types of real estate, infrastructure properties like airports, waste incineration- and purifying installations as well as energy supply

With the goal, to achieve improved efficiency and save costs through public-private partnerships

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Corporate Solutions: Products

Finanzierungsleasing Leasingfonds und

Beteiligungsmodelle

Operating Leasing

und andere

Mietmodelle

Financial Advisory

and Engineering

IFRS-/US-GAAP-

Models

Public Private

Partnerships (PPP)

Real Estate Portfolio

Management

Off-Balance according to international standards

IFRS-/US-GAAP conformable financing solutions for the protection of balance sheet neutrality

A demand of personal capital provision of the lessor can eventually, with the help of external capital lenders, also be accommodated

Basically for all types of assets (real estate, movables, intangible goods)

I Seite 13Stand: 10.04.23

Corporate Solutions: Products

Finanzierungsleasing Leasingfonds und

Beteiligungsmodelle

Operating Leasing

und andere

Mietmodelle

Financial Advisory

and Engineering

IFRS-/US-GAAP-

Modelle

Public Private

Partnerships (PPP)

Real Estate Portfolio

Management

Advise, arrange and structure

Consultancy and structuring mandates with transactions with or without provision of financing and also on demand with Co-Partnership-Shareholding of KGAL

Provision of a company platform over real estate company/companies/SPC

Consulting/Participation with project development for large-scale projects and if required included in the placement of investments with investors

Streamlined solutions for the disincorporation of pension obligations for German groups over individual CTA models

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References in south Germany (selection)

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References in north/west Germany (selection)

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Contacts

Dieter WeißManaging DirectorTelefon: 089 64143-392Telefax: 089 64143-250E-Mail: dieter.weiss@kgal.deTölzer Straße 15,82031 Grünwald

Marco AlthausDirector Client Relationship ManagementTelefon: 0211 535930Telefax: 0211 592280E-Mail: marco.althaus@kgal.deNiederkasseler Lohweg 191, 40547 Düsseldorf

Paul Kleiner Head of Structured Finance Telefon: 089 64143-435Telefax: 089 64143-250E-Mail: paul.kleiner@kgal.deTölzer Straße 15,82031 Grünwald

Christian HeidbrinkDirector Client Relationship ManagementTelefon: 069 957803-13Telefax: 069 957803-25E-Mail: christian.heidbrink@kgal.deLurgiallee 16, 60439 Frankfurt am Main

Karl BreulingDirector Client Relationship Management Telefon: 089 641 43-400Telefax: 089 641 43-410E-Mail: karl.breuling@kgal.deOttostraße 3, 80333 München

Jochem IsselDirector Client Relationship ManagementTelefon: 0211 535930Telefax: 0211 592280E-Mail: jochem.issel@kgal.deNiederkasseler Lohweg 191, 40547 Düsseldorf

Christian PetersenDirector Client Relationship Management Telefon: 089 64143-404Telefax: 089 64143-410E-Mail: christian.petersen@kgal.deOttostraße 3, 80333 München

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Lufthansa Aviation CentreLeasing model with group shareholding

Objekt

First phase of construction of the office block with 62.500 m² BGF

1.800 work spaces

Volume

over 200 Million Eur

Lessee

Deutsche Lufthansa AG, Köln

Task Construction of an office block in the immediate vicinity of

Frankfurt Airport for the purpose of on-site concentration of

the various staff working at the airport Financing through the inclusion of captive financial means

Solution Leasing model from KGAL with shareholding of a company

from the Lufthansa Group Considerable synergy effects and financial relief through the

selected concept under the difficult frame requirements in the

international air-travel sector

Bild

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MARITIM Airport Hotel, DüsseldorfLeasing Fund for Insurances

Property

4+ Star hotel with congress centre

533 Rooms, 470 TG-spaces

Volume

135 Million Eur

Lessee

MARITIM Group, Bad Salzuflen

Task Hotel construction within the framework of the development

project „Düsseldorf Airport City“, for the biggest German congress hotel operator: MARITIM

Financing through long-term bank loan and investor capital of institutional investors

Solution Structuring of a so-called Insurance-Shareholding model

through KGAL with the investors Provinzial Rheinland Life Insurance and AXA Life Insurance

Long-term leasing contract (20 years from completion) with MARITIM Group within the framework of a Leasing Fund

Minimum-cost construction through MARITIM as prime contractor

no balance sheet taxing long-term capital binding for MARITIM (Off-Balance-Effekt)

Bild

I Seite 19Stand: 10.04.23

Properties

Approx. 250 warehouses, car parks, office and logistics buildings nationwide

Volume

> 1 Billion Eur

Lessee

KarstadtQuelle-Group

Task Reorganisation of real estate holdings for the purpose of active

development, to improve the outcome transparencies and to

increase the shareholder value Usufructuary rights of properties to remain with KarstadtQuelle

Solution Consolidation of the properties in 230 KGAL Property

Companies Shareholding of KarstadtQuelle AG (limited partners) Conclusion of business leasing contracts for the next 5 years

between the property companies and a subsidiary of

KarstadtQuelle Through the use of legal business opportunities, the portfolio

could be structured further and the Group assured of the

optimal use of the appreciation potential

KarstadtQuelle AGReal Estate Portfolio Management

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Projekt

Shopping experience „Weltstadthaus“ in Cologne‘s „Schilder“-alley

over 14.000 m² total area

Volume

2 digit Million Euro range

Lessee

Peek & Cloppenburg KG (P&C),Düsseldorf

Task Expansion of the performance spectrum of P&C through a

new shopping mall with a stylish shopping atmosphere individual and creative financing concept as counterpart to the

demanding, ambitious architecture (Renzo Piano)

Solution Unusual shopping mall in Italian architecture with a

cosmopolitan elegance and spaciousness as the perfect

presentation tool for the fashions of P&C

(„Special Jury Award“ of the MIPIM 2006) Tailor-made, efficient financing model from KGAL within the

framework of a long-term leasing solution Business leasing contract over 22,5 years from completion

Bild

Peek & Cloppenburg, KölnCosmopolitan architecture and individual financing

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Property

Around 27.000 apartments in the Ruhr district, especially in Bochum, Dortmund, Gelsenkirchen, Gladbeck and Herne

Volume

3-digit Million Euro range

Client

Viterra AG (formerly 100 % E.ON Group, in the meantime changeover to Deutsche Annington)

Task Sale of non-strategy conforming apartment stock to optimise

the real estate portfolio Creation of additional scope to act with regards to flexible

commerce strategies (Apartment privitisation and

segmentation)

Solution Acquisition of the apartments though a KGAL Real Estate

Company Transfer of rental contracts to the Real Estate Company,

rights and obligations remain unchanged Development and implementation of a detailed business plan

with regards to the management and/or market-considered

sale of segment portfolios

Bild

Viterra AGPurchase of 27.000 Apartments in the Ruhr district

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Property

Automatic high-rise warehouse

Warehouse capacity 450.000 Colli (= storage unit measurement)

Volume

Approx. 34 Million Euro

Lessee

Quelle AG, Linz (100 % KarstadtQuelle-Konzern)

Task Construction of a new logistics centre in Linz to deal with the

dynamic expansion of mail-order business Taking into account the IFRS directives due to international

balancing of accounts of the KarstadtQuelle group

Solution KGAL Proberty Corporation aquire the building project for

the already existing project company 100% Financing through a bank loan from the Austrian

Oberbank Letting of the property after completion for 13,5 years

according to Austrian law Off-Balance-Effekt via IFRS through regulation conforming

Cross-border lease, whilst observing national commerce and

tax laws

Bild

Quelle AG, LinzOff-Balance-Effekt through IFRS conformable cross-border lease (Austria)

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Property

Airport-Center mit offices, shops, restaurants and conference rooms

39.000 m² BGF

Volume

Approx. 140 Million Euro

Lessee

Flughafen München GmbH (FMG)

Task Construction of multi-functional airport centre to serve as a

connection between Terminal 1 and 2 To achieve favourable long-term rents through the

optimisation of building costs and financing

Solution KGAL‘s investor model which contributes private capital to the

total funding Reduction of rent for Munich airport through interest-

favourable investor capital Technical Building Support through ALBA

BauProjektManagement on behalf of the client (KGAL-

Property Corporation)

Bild

Munich Airport Centre (MAC)Private funds for Munich airport

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Funds and Asset ManagementYour partner for Closed-end funds

Performance spectrum Public funds Private Placements Funds with institutional investors

Types of assets Aircraft Ships Real estate Infrastructure Private Equity

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KGAL – Fund manager

Stand: 31.12.2007

2007

Fund portfolio

Of which public funds:

308

114

Fund volume

Of which public funds:

23,4 Bill. EUR

7,9 Bill. EUR

Investor capital

Of which public funds:

9,9 Bill. EUR

5,6 Bill. EUR

Number of investors 112.000

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Asset Type: Aircraft

KGAL‘s competence 19 Years‘ experience Secured market access Partner in excellence:

GOAL – Joint Venture with Lufthansa AG (since 1989)

Strategy: Aircraft Efficient Asset Management Transactions with current aircraft models Solid structuring

until 2006

Number of public funds

50

Total investment sum 2,34 Bill. EUR

Personal capital 1,44 Bill. EUR

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Asset Type: Ships

KGAL‘s competence Qualified market access Excellent market survey Partner in excellence:

V.Ships – with 27.000 employees one of the biggest

independent shipping managers worldwide

Strategy: Ships Proceeding selectively in a traditionally volatile market

until 2006

Number of public funds

6

Total investment sum 379,7 Mill. EUR

Personal capital 193,8 Mill. EUR

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Asset Type: Real estate

KGAL‘s competence Long-standing experience On-site presence

Strategy: Real estate Well-established investment approach to conventional

individual properties Innovative strategies like Fund of Fund or Fund in Fund Private investors can invest similar to major investors

until 2006

Number of public funds

18

Total investment sum 1,63 Bill. EUR

Personal capital 842,1 Mill. EUR

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Asset Type: Infrastructure

KGAL‘s competence Long-standing experience Secured market access Partner in excellence:

Phoenix Solar AG Babcock & Brown

Strategy: Infrastructure Classic infrastructure projects

Future higher investment demand Structuring of Umbrella fund

Investment in the market of the future: Solar energy.

Installation centres in Germany, Spain & Greece

until 2006

Number of public funds

2

Total investment sum 41,4 Mill. EUR

Personal capital 10,6 Mill. EUR

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Asset Type: Private Equity

KGAL‘s competence Long-standing structuring competence Prominent position in the market Partner in excellence:

Allianz Private Equity Partners GmbH (APEP)

Strategy: Private Equity Participation in dynamic, growing markets Joint investments with Allianz

until 2006

Number of Public funds

7

Total investment sum 560,2 Mill. EUR

Personal capital 560,2 Mill. EUR

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Allianz Arena, MunichStadium financing through Closed-end Funds

Task Development of a financing structure to contribute to the

financing of the investment sum of 340 Mill. EUR

Solution Bank loan Forfeiting of Allianz‘s naming rights Privileges through a stadium concession agreement with the

Bayern München Football Club Loan from a KGAL fund company

Return on capital Attractive fixed interest payment with the possibility of yield

increase

Property 66.000 Seats Surrounded by the biggest membrane-

roof cover in the world

Volume

340 Mill. EUR

Building support

ALBA BauProjektManagement GmbH

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Munich Airport Centre (MAC)Private funds for Munich Airport

Property 39.000 qm office-, business- and

conferencing space 41 m high – part-glass roof

construction

Volumen

xxx.

Building supervision

ALBA BauProjektManagement GmbH

– a KGAL business

Project Expansion of Munich airport around a modern Airport Centre,

which connects Terminal 1 and 2 Creative financing solution required

Solution Development of an Investor model by KGAL, through which

private investor capital is put to use

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AMA Building, ChicagoUS Real estate fund for multi-storey office block in America

Property Class-A Office Building Rentable area: 57.830 qm

Lessee 58 % American Medical Association

(AMA)

Term 12 Years

Volume 63 Mill. USD

Starting position 44,9% Shareholding through KGAL fund company in an American property company, who owns

office real estate in Chicago Fellow partner and Co-Investor: UBS Real Estate KAG.

Financing concept Part-financing through KGAL‘s closed-end real estate fund with German private investor capital Outside financing through American life insurances

Return on capital 100 % rental capacity utilization Growing return on capital (yield) over the entire term

I Seite 34Stand: 10.04.23

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