Swedish Logistic Property Ab Class B · OMXSTO:SLP_B
Swedish Logistic Property Ab Class B — Q1 2024 Earnings Presentation
18 slides from Swedish Logistic Property Ab Class B's earnings presentation, Apr 24, 2024
Slide 1: Interim Report Jan-Mar 2024, Presentation
INTERIM REPORT JAN-MAR 2024, PRESENTATION ”Strong net rental income and continued expansion with the acquisition of our 100th property” Tommy Åstrand, CEO Matilda Olsson, CFO
Slide 2: Agenda
Agenda 1 Summary of January to March 24 2 About SLP 3 Property Portfolio 4 Financial Development 5 Summary 6 Q&A Swedish Logistic Property – Interim Report January – March 2024, presentation 2
Slide 3: Summary of January to March 2024
January to March Summary of Summary of January to March 24 Rental income Net operating income Profit from property management Loan-to-value ratio +24 % +27% +29% 42.7 % SEK 166 m (134) SEK 137 m (108) SEK 89 m (69) Net asset value per share Transactions during the period Sustainable financing Intere
Slide 4: About SLP
About SLP About SLP Business concept and goals Property portfolio as of Q1 2024 Geographical presence ▪ SLP – Swedish Logistic Property – shall acquire, develop and manage logistic properties with a focus on sustainability. 100 Number of properties ▪ Overarching goal – To generate average annual gro
Slide 5: Property portfolio: Transactions
Property portfolio Transactions Acquisition of properties for development is a key part of SLP’s growth strategy Transaction volume and number of transactions, SEK m 2 Acquired properties 2 500 2 171 20 2 043 2 000 1 504 15 1 500 1 000 10 506 1 288 500 0 -9 99 5 18 tsqm -144 Lettable area acquired -
Slide 6: Property portfolio
Property portfolio Property portfolio The property portfolio consists of investment properties, development properties, building rights and ongoing projects Property management Property development Projects Building rights [Insert picture] [Insert picture] [Insert picture] [Insert picture] Terminale
Slide 7: Property portfolio: Ongoing projects > SEK 25 m
Property portfolio Ongoing projects > SEK 25 m Ongoing projects add value to the property portfolio through new construction, renovations and extensions Stödstorp 2:22 Signalen 5 Grimskaftet 1 Rubinen 5 New construction New construction Extension New construction SEK 13.7 m 18.1 tsqm SEK 47.9 m 61.5
Slide 8: Property portfolio: Tenants
Property portfolio Tenants Stable CPI-indexed rental income from large tenants with long leases 10 largest tenants 95% Letting ratio 10 largest tenants, share of annual rent 27% Other tenants, share of annual rent 98% Indexed annual rent SEK 20.0 Net rental income 73% m 0 6.3 years Remaining tenancy
Slide 9: Sustainability – goals and goal attainment (Planet)
Property portfolio Sustainability – goals and goal attainment Goals - Planet Goal attainment 31 March 2024 Certification, new production Solar cells ONGOING 100 162 15,3 100 percent environmentally certified new production % 72 5,1 All new production managed by the company itself shall be 2023-03 20
Slide 10: Sustainability – goals and goal attainment (People, Business)
Property portfolio Sustainability – goals and goal attainment Goals - People Goal attainment 31 March 2024 ONGOING 100 >45 eNPS* eNPS* The Board Group management Other employees GOAL 2025 Gender equality in professional categories A 40/60 gender distribution 3 Woman (43%) 1 Woman (33%) 4 Women (33%)
Slide 11: Financial development: Goals and outcome
development Goals and outcome Financial Overarching goals Financial risk limitations To generate average annual growth in NAV per share of at least 15% and Minimum interest cover of 2.5 x annual average growth in profit from property management per share of Maximum long-term loan-to-value ratio of 5
Slide 12: Current earnings ability
development Current earnings ability Financial Current earnings ability excl. ongoing construction projects > SEK 25m Current earnings ability excl. major ongoing projects Current earnings ability, SEK m SEK m 01/04/2024 01/01/2024 01/01/2023 01/01/2022 31/12/2020 31/12/2019 549 557 Rental income 66
Slide 13: Income, expenses and profit
development Income, expenses and profit Financial Income, expenses and profit Rental income and net operating income Profit from property management Statement of comprehensive income 2024 2023 2023 SEK m Jan-Mar Jan-Mar Jan-Dec +24% +29% Rental income 166 134 585 Property costs -27 -25 -92 166 89 Pr
Slide 14: Statement of Financial Position
development Statement of Financial Position Financial Statement of Financial Position Statement of financial position in summary Value growth of investment properties SEK m 31/03/2024 31/03/2023 31/12/2023 Change in investment properties SEK m ASSETS Non-current assets 10 114 10 578 Opening value as
Slide 15: Financing - only secured bank financing with Nordic banks
Financing - only secured bank financing development Financial with Nordic banks Loan portfolio 3,0 4,1% 5,0% 2,5 2,1 2,4 2,5 3,2% 2,3 2,2 4,0% 1.52% Average credit margin 4,0% 2,0 1,8 1,8 1,9 1,7 1,5 3,0% 1,5 2,2% Proportion of loans with interest rate hedging via 1,0 2,0% 73% derivatives 1,7% 1,0%
Slide 16: Shareholders as of March 2024
Shareholders as of 31 March 2024 Shareholders as of 31 March 2024 No. of shares Proportion of Class A Class B Total Share capital, % Voting rights, % Erik Selin through companies 14,551,535 16,242,780 30,794,315 13.6 19.8 Peter Strand through companies 12,281,125 15,887,885 28,169,010 12.4 17.2 Mika
Slide 17: Summary
Summary Summary Continued strong demand for logistics areas, indexed rental agreements and remaining SLP still active in the transactions market tenancy period of 6.3 years Strong financial position with only secured bank High net rental income financing Growth in profit from property management and
Slide 18: Questions?
INTERIM REPORT JAN-MAR 2024, PRESENTATION Questions? info@slproperty.se This presentation has been prepared by Swedish Logistic Property AB (“SLP” or the “Company”) solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or redistributed, in
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