Chloé: Good afternoon, everyone.

Thank you for joining us today to review our

company's annual results of, 2022. I'm pleased to report that it was another
successful year for our company, with significant growth in many key areas.

Nina: First, a short message from our CEO, Alain Taravella (lit la slide 3)

Chloé: Our stock market capitation has been multiplied by 1.6 since 2007, and our
employees are 12 times more numerous, going from 150 to 2000. The company is
constantly growing, and the brands are diversifying. (Slide 4)

Nina: Absolutely. Altarea is the leader in the low-carbon urban transformation with a
21.3 billion pipeline and nearly 900 projects. Even if the residential market is down
our operating income has raised to 110.4 million, (47.1%).

Chloé: Concerning the business division, the net rents increase (+19.2%) with many
transactions. The cost of debt is stable and secure for 5 years.

Nina: (slide 6) so our results for business + 26;6%, in offices : + 47.1% what
compensates the losses on the houses division. (-15,6%)

Chloé: That's great news. We saw strong performance across all our business
segments; however, we must consider a change in demand, the increase in interest
rates and the unprecedented inflation that force us to make the right choices. (slide7)

Nina: Additionally, we made some strategic acquisitions that helped us expand our
market share and strengthen our position in key markets like the 100% takeover of
woodeum with an objective of 1500 to 2000 housings unit per year. (Slide 8).

Moreover, altarea was elected customer service of the year for the 6 th consecutive
year. (Slide8)

Chloé: That's impressive, the company's plans for the coming year is to focus on
innovation and expansion. We also plan to make some additional strategic
acquisitions to further strengthen our position in key markets. Overall, we're
optimistic about the future and confident that we can surpass ourselves again.

Nina: Thank you again for joining us today. We'll now open up the floor for questions.