Wallenstam Ab Class B · OMXSTO:WALL_B
Wallenstam Ab Class B — Non-Deal Roadshow (March 2023)
22 slides from Wallenstam Ab Class B's roadshow presentation, March 2023
Slide 1: Wallenstam March 2023
WALLENSTAM MARCH 2023
Slide 2: Strong financial position in a troubled world
Strong financial position in a troubled world 2
Slide 3: Key ratios
Key ratios EQUITY/ASSETS RATIO LOAN-TO-VALUE RATIO EQUITY PER SHARE NET ASSET VALUE PER SHARE 47% 45% SEK 47.70 SEK 57.40 % % SEK SEK 50 50 50 60 50 40 40 40 40 30 30 30 30 20 20 20 20 10 10 10 10 0 0 0 0 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021
Slide 4: Key ratios
Key ratios INCOME FROM NET OPERATING INCOME PROPERTY MANAGEMENT SURPLUS RATIO INTEREST COVERAGE RATIO SEKm 1,888 SEKm 1,252 75.8% 4.7 times SEK million SEK million % Times 2 ,000 1, 400 80 8 1 ,800 1, 200 1 ,600 1, 000 75 6 1 ,400 1 ,200 800 1 ,000 70 4 800 600 600 400 65 2 400 200 200 0 0 60 0 2018
Slide 5: Financing – mainly bank loans
Financing – Bonds, SEK 890 million mainly bank loans 3% (10) Commercial paper, (100% green) Bank loans, SEK 1,034 million SEK 26,358 million 4% (11) 93% (79) (26% green) Net change in 2022, interest-bearing liabilities, SEK million Bonds -1,810 Commercial paper -1,962 Bank loans +4,222 Financing, di
Slide 6: Fixed interest rate 44 months
Fixed interest rate 44 months SEK million 3 ,000 2 ,500 2,000 1,500 1,000 500 0 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Maturity interest rate derivatives Maturity fixed rate loan Swaptions Södra Gubberogatan, Gothenburg 6
Slide 7: Property value
Property value • Property value: SEK 63 billion • Lettable area: 1.4 million sq m • Occupancy rate, lettable area: 97% • Average yield requirement, commercial: around 4.8% • Average yield requirement, residential: around 3.4% Distribution market value Residential, 60% Commercial, 40% Västra Hamngata
Slide 8: Location, location, location + location
Location, location, location + location Cinema1% Industry/warehouse 3% Other 1% Garage 3 % Restaurant 4 % Education/care 4% Stockholm Retail 7% & Uppsala 36% Residential 50% Office 27% Gothenburg 64% Rental value 8
Slide 9: Investments in construction
Investments in construction Investment, SEK million Equity/assets ratio, % 4 ,000 80 3 ,500 70 3 ,000 60 2 ,500 50 2 ,000 40 1,500 30 1 ,000 20 500 10 0 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Investment Equity/assets ratio Älta Torg, Nacka 9
Slide 10: 1,744 apartments in ongoing new construction
Djurgårdsgatan Reconstruction 1,744 apartments in Gothenburg, 14 apts. Kallebäcks Terrasser ongoing new construction Kvarter 7 Gothenburg, 189 apts. Kallebäcks Terrasser Kvarter 8 Occupation Gothenburg, 266 apts. starts Mölnlycke Fabriker 2023 Kv. Skogsvaktaren Härryda, 128 apts. Bersån Uppsala, 98
Slide 11: Self-sufficient in renewable electrical energy
Self-sufficient in renewable electrical energy Not only a sustainability investment but also a hedge against the energy crisis 11
Slide 12: Share price and net asset value
Share price and net asset value SEK/share 90 80 70 60 50 40 30 20 10 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Share price Net asset value 12
Slide 13: Business plan 2030
Business plan 2030 13
Slide 14: Vision
VISION Wallenstam shall be the natural choice for housing and premises. 14
Slide 15: Business concept
BUSINESS CONCEPT We develop and manage people's homes and workplaces based on a high level of service and long-term sustainability in selected metropolitan areas in Sweden. 15
Slide 16: Our climate goals 2023
Our climate goals 2023 Reduce CO2 emissions from Reduce CO2 emissions from the Reduce the properties’ Carry out business trips using electric the construction operations properties’ energy consumption residual waste by car, train or via completely carbon- by 10 percent per sq m. by 15 percent per he
Slide 17: Wallenstam's emissions and Science Based Targets until 2030
Wallenstam's emissions and Science Based Targets until 2030 Combustion and refrigerant leakage Purchased energy Purchase of goods and services etc. Reduce by 50% by 2030. Reduce by 50% by 2030. As Wallenstam is categorized as "Small and Medium-sized Base year 2018. Base year 2018. enterprise", goals
Slide 18: The net asset value shall amount to SEK 100 per share up to 2030
NEW BUSINESS PLAN GOAL The net asset value shall amount to SEK 100 per share up to 2030 • We will create SEK 25 billion in net asset value • Financial framework: equity ratio at least 35% 18
Slide 19: This is how we create net asset value
This is how we create net asset value SUCCESSFUL • Knowledge of market demands • High service level LETTING • Businesslike manner • Quality in a cost-efficient way EFFICIENT • Sustainable MANAGEMENT • Good customer relationships VALUE-CREATING • Refine our properties Increased • Businesslike decisio
Slide 20: Our focus areas
Our focus areas CUSTOMER SECURITY EMPLOYEE We shall improve the customer's We shall strive to ensure Through our strong corporate overall impression of Wallenstam increased security for our culture, we shall be an every year through attractive customers that live and work attractive employer and apa
Slide 21: Success factors
Success factors • Committed employees • Financial strength • Plan for own growth • Location, location, location + location • Business opportunities 21
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