Strengths & Trends

We distinguish ourselves from competition with our quality portfolio of predominantly owned and long-leased off-street parking facilities in prime western European city centre locations, with our local market leadership positions, with our proprietary digital platform PaSS (Parking as a Smart Service), with our value-added EV charging propositions, with the longevity of our cash flow and a scalable parking-infrastructure platform which has tangible growth opportunities across our core parking business.

Together with key parking and digital infrastructure features underpinning our business model and the continuing regulatory shift in favour of off-street parking, our business benefits from a high level of stable and recurring cash flows.

Trends

We expect to benefit from the following key trends;

• urbanisation - growing urban congestion driving the shift from on-street to off-street parking;

• mobility mix - personal car ownership and private journeys continue to grow;

• city as an experience - inner-city off-street parking ideally suited for longer stays;

• liveability - shifting parking from on-street to off-street;

• growth of paid parking - parking operators are important partners in creating accessible city centres;

• digitalisation - off-street parking can offer smart digital solutions which customers want such as pre-booking, and

• energy transition - off-street parking facilities are ideally suited to offer EV charging and energy management at scale.

Strengths

We are well positioned to take advantage of these trends given our;

• continued focus on off-street parking;

• strategically located parking assets to capture continued demand;

• highly-developed and mature PaSS platform providing a digital parking ecosystem and seamless customer services, and

• EV charging programme which substantially increases the number of EV charging points in our owned and long-leased parking facilities.