Samhallsbyggnadsbolaget I Norden Ab Class B · OMXSTO:SBB_B
Samhallsbyggnadsbolaget I Norden Ab Class B — Q1 2020 Earnings Presentation
10 slides from Samhallsbyggnadsbolaget I Norden Ab Class B's earnings presentation, Apr 27, 2020
Slide 1: Webcast Presentation: SBB, Q1 Report 2020
Q1 WEBCAST PRESENTATION: SBB, Q1 REPORT 2020 Inspektorn 11, Härnösand April 2020
Slide 2: Strong operating profit Q1 – rolling 12 months
STRONG OPERATING PROFIT Q1 – ROLLING 12 MONTHS Current earnings capability for the Group for 12 months SEKm Surplus ratio: 71% 6 000 5 163 5 000 2.36 4 000 SEK per 77 119 ordinary Class 1 485 A and B share 150 3 000 58 794 2 000 3 678 2 930 2 988 1 000 0 Rental income Property costs NOI Central Prof
Slide 3: Long term reliable partner for municipalities creates stable income
LONG TERM RELIABLE PARTNER FOR MUNICIPALITIES CREATES STABLE INCOME Income overview1) ▪ Long history of actively working with several History of municipalities in Sweden Classification Rental Income, SEKm % of Total acquiring from municipalities ▪ First transaction completed only 6 months after Resi
Slide 4: Financial performance
FINANCIAL PERFORMANCE 2020 2019 2019 2018 Q1 Q1 Jan-Dec Jan-Dec Rental income, SEKm 1,341 453 1,996 1,680 Net operating income, SEKm 895 240 1,265 1,071 Surplus ratio, % 67 56 63 64 Interim profit, SEKm 1,372 216 2,624 1,690 Yield, % 4.7 4.6 4.8 4.7 Cash flow from current operations, SEKm 444 97 745
Slide 5: SBB has assembled a unique portfolio across Tier 1 locations
SBB HAS ASSEMBLED A UNIQUE PORTFOLIO ACROSS TIER 1 LOCATIONS High quality property portfolio with attractive underlying exposures Geographical diversification Property value by property type Social infrastructure 6% Residential 17% SEK 94% 66% Other of the property portfolio 80,235m of the property
Slide 6: Low-risk community service and residential properties complemented by residential development potential
LOW-RISK COMMUNITY SERVICE AND RESIDENTIAL PROPERTIES COMPLEMENTED BY RESIDENTIAL DEVELOPMENT POTENTIAL Social infrastructure properties Residential properties Other / building rights development SEK 61.5bn SEK 13.5bn 6% SEK 5.2bn 77% 17% Includes schools, elderly care, LSS-housing and Mainly consti
Slide 7: Underlying megatrends support continued growth
UNDERLYING MEGATRENDS SUPPORT CONTINUED GROWTH Demographic change Sustainability and energy efficiency Urbanization |7
Slide 8: Project development potential
PROJECT DEVELOPMENT POTENTIAL Current development portfolio (31 March 2020) Example projects Planning phasestr GFA building rights (sq.m.) Book value (SEKm) per sq.m. Västerhaninge (Haninge) Zoning plan process Phase 1 – Project ideas 592,250 559 943 Västerhaninge centrum, Haninge Phase 2 – Pending
Slide 9: In summary
IN SUMMARY “Profit after tax per ordinary share of class A and B increased to SEK 0.94 (0.20)” ▪ SBB’s 12-month rolling earning capacity from the management operations amounted to SEK 2,930 million (798) at the end of Q1 2020. Considering a theoretical cost 1 because the company had a liquid positio
Slide 10: Thank you!
THANK YOU! SBB Samhdllsbyggnadsbolaget {SBB) a
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