16 slides from Intea Fastigheter Ab Class B's earnings presentation, Oct 21, 2025
Slide 1: Interim report Q3 2025
Interim report Q3 2025 Investor presentation October 21, 2025
Slide 2: Intea in brief
INTEA IN BRIEF Key events in Q3 2025 Rental income, SEKm Surplus ratio Loan To Value Average yield1) Agreement to acquire a portfolio of security 1,109 84.9% 46.3% 5.5% properties in the justice category from (885) (83.0%) (57.9%) (5.2%) Specialfastigheter Sverige AB with underlying property value
Slide 3: Strong growth in profit from property management
STRONG GROWTH IN PROFIT FROM PROPERTY MANAGEMENT SEKm Q3 2025 Q3 2024 Rental income Rental income 392 301 +30.2% NOI 341 255 (+2.4%) 1) Net financial items -85 -109 Profit from Property Management 242 130 NOI Changes in value Investment properties 168 69 +33.7% Changes in value Derivate instruments
Slide 4: Key events during Q3 2025
KEY EVENTS DURING Q3 2025 Acquisition of a portfolio of security properties Acquisition in total Seller Closing: Q4 2025 ÄLVGÅRDEN Lettable area: 78 000 sqm Underlying property value: SEK 1,390m Rental value: SEK 199m Tenants RÄLLSÖGÅRDEN Share of public tenants: 100% WAULT: 5.6 years Prisons SiS-ho
Slide 5: Selection of ongoing projects
SELECTION OF ONGOING PROJECTS Justice Custody unit, Västerås National Forensic Center, Linköping Prison, Viskan Estimated completion, Q3 2028 Estimated completion, Q1 2028 Estimated completion, Q1 2027 Lettable area: 34.6 tsqm Lettable area: 5.0 tsqm Lettable area: 2.9 tsqm WAULT: 20 years WAULT: 15
Slide 6: Project pipeline as per Q3 2025
PROJECT PIPELINE1) AS PER Q3 2025 Estimated additional rental value2) through the project portfolio, SEKm Estimated investments by category and estimated WALT 2 480 Share of estimated Estimated Average lease period 2 098 total investment3) NOI (lettable area) 1 967 912 Other Public <10 yrs 1 654 1 7
Slide 7: High share of public tenants
HIGH SHARE OF PUBLIC TENANTS Share of public tenants and WAULT Lease expiry profile, share of contracted rent public tenants, % 98,0% 8,5 9,0 55,7% Target: >90% 96,0% 8,0 94,0% 7,0 92,0% 6,0 90,0% 5,0 88,0% 13,9% 86,0% 4,0 9,4% 7,2% 7,9% 2,5% 84,0% 3,0 0,1% Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1
Slide 8: Increased earning capacity
INCREASED EARNING CAPACITY SEKm October 1, 2025 July 1, 2025 Rental income1) NOI1) Profit from Property Rental income 1 560 1 533 Management1) +1.8% +2.0% NOI 1 345 1 318 Net financial items -332 -339 +4.1% Profit from Property Management 953 916 Dividend Class D shares -118 -118 Profit from propert
Slide 9: Property value and yield
PROPERTY VALUE AND YIELD Property value and yield1), SEKm and % 30 000 5,8% 5,5% 5,5% 5,6% 28 000 5,3% 5,3% 5,4% 26 000 5,2% 5,2% 5,2% 5,2% 5,2% 24 000 5,0% 22 000 4,8% 20 000 4,6% 18 000 4,4% Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Property value, SEKm Yield, % 1) Based on E
Slide 10: Solid cashflow from operations
SOLID CASHFLOW FROM OPERATIONS Cashflow from operating activities before changes in working capital, SEKm 250 800 700 200 600 150 500 400 100 300 200 50 100 0 0 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Cashflow from operating activities (quarter), SEKm (left) Cashflow from ope
Slide 11: Strong financial position
STRONG FINANCIAL POSITION Loan-to-value ratio, % Interest coverage ratio, x Net Debt/EBITDA1) 70,0% Target: 4,0 18,0 50-55% 3,9 Not exceed 60% 15,7 16,0 3,5 3,5 14,8 60,0% 14,4 Target: 13,8 > 2.0x in long term 14,0 3,0 12,4 50,0% 2,8 12,0 11,5 10,6 10,6 10,8 2,4 10,1 10,2 40,0% 2,3 9,8 9,6 2,2 10,0
Slide 12: Strong track record potential for continued growth
STRONG TRACK RECORD POTENTIAL FOR CONTINUED GROWTH UED Long-term NAV1) (EPRA NRV), SEKm and SEK per class A- and B-share Profit from property management, SEK per class A- and B-share2) 0,99 GROWT 52,00 1,00 4,00 11 000 0,86 0,85 10 200 50,84 0,79 H 0,80 50,00 0,65 0,68 3,52 3,50 9 400 0,64 49,19 3,2
Slide 13: Debt structure with good mixture
DEBT STRUCTURE WITH GOOD MIXTURE Debt structure and interest rate, SEKm and % Interest rate term structure, SEKm and % (Duration 4.7 years) 5,00% 9 000 4,00% 8 000 3,30% 3,50% 14 000 2,87% 2,92% 7 000 2,66% 2,67% 3,00% 6 000 2,23% 6 650 2,50% 5 000 3 733 2,00% 12 000 4,00% 4 000 1,50% 3 000 2 000 1,
Slide 14: Attractive credit margins
ATTRACTIVE CREDIT MARGINS Credit margins 140 130 120 110 100 90 80 70 60 50 40 30 20 10 0 0,0 0,5 1,0 1,5 2,0 2,5 3,0 3,5 4,0 4,5 5,0 Years to maturity Intea (07/07/2025) Intea (16/10/2025) Investment grade credit rating shall be maintained Long-term rating BBB Outlook Stable Short-term rating N-3 1
Slide 15: Transaction market opening up
Malmö, Niagara 2, University TRANSACTION MARKET OPENING UP Stable business model provides solid platform for growth Signs of transaction market opening up Robust project portfolio supports continued expansion Opportunities within both existing portfolio and through new business prospects 15
Slide 16: Subsequent questions can be posted directly to CFO Magnus Ekström
Subsequent questions can be posted directly to CFO Magnus Ekström by email: magnus.ekstrom@intea.se Charlotta Wallman Hörlin Magnus Ekström CEO CFO +46 733 24 50 25 +46 705 49 86 02 Charlotta.wallmanhorlin@intea.se Magnus.ekstrom@intea.se CONFIDENTIAL