K-fast Holding Ab Class B · OMXSTO:KFAST_B
K-fast Holding Ab Class B — Q2 2024 Earnings Presentation
12 slides from K-fast Holding Ab Class B's earnings presentation, Jul 23, 2024
Slide 1: Divestment of Danish portfolio completed, and K-Prefab has signed its largest single agreement
DIVESTMENT OF DANISH PORTFOLIO COMPLETED, AND K-PREFAB HAS SIGNED ITS LARGEST SINGLE AGREEMENT Interim report January–June 2024 Presenters: Jacob Karlsson, CEO, and Martin Larsson, CFO 23 Julyl 2024 K-Fast Holding AB 2024 – Interim report Jan-Jun 2024. All rights reserved
Slide 2: Second quarter in brief
SECOND QUARTER IN BRIEF • Work according to the new business plan for 2024-2028 that was presented in conjunction with the interim report for the first three months has begun. According to the business plan operations shall be carried out in the business segments Construction and Property Management
Slide 3: Construction starts Q2 2024
C O N S T R U C T I O N S TA R T S Q 2 - 2 0 2 4 TOTAL CONSTRUCTION STARTED APARTMENTS 126 THE FOLLOWING PROJECTS HAVE CONSTRUCTION STARTED GOTHENBURG (126 apt’s) Region South Region West Above: Gårdsten in Gothenburg where construction has begun of 126 Region East apartments. Below: Önnered 45:15 a
Slide 4: Construction
CONSTRUCTION • The Business segment shall deliver completed housing properties with Business segment Construction as of 30 June 2024 (SEK million) the Groups own developed concept houses as well as high quality frame solutions. A new focus on gaining external agreements for completed SEK million 202
Slide 5: Property Management
PROPERTY MANAGEMENT Property Management as of 30 June 2024 • The business segment shall with efficient management and high occupancy rate in the portfolio with focus on housing properties built in SEK million 2024 2023 2023 accordance with the Groups concept contribute with stable and long-term Jan-
Slide 6: Property Management
PROPERTY MANAGEMENT SEK million Property Property Management Management Business segment Property Management 2024 2023 Jan-Jun Jan-Jun • Number of apartments under management at the end of the period 5,160 (4,002), +29% Income 302.8 230.1 • Rental value at the end of the period amounted to SEK 706.7
Slide 7: Construction
CONSTRUCTION SEK million Construction Construction Business segment Construction 2024 2023 Jan-Jun Jan-Jun • Income amounted to SEK 869.8 million (1,324.8), -34% • Concept houses SEK 654.9 million (973.1), -33% Income 869.8 1,324.8 • Other construction SEK 215.0 million (351.7), -39% Expenses -645.9
Slide 8: Group
GROUP Group SEK million Property Constructio Other Eliminering Group Group • Central administration: SEK 35.5 mkr (26.6), of which SEK 29.4 milion distributed Manageme n Jan-Jun Jan-Jun nt 2024 2023 • Interest coverage ratio (12mo): 1.5 times (2.1) Income 302.8 869.8 2.0 -643.9 530.7 599.8 Expenses
Slide 9: Investment properties and balance sheet
Investment properties: SEK 15,748.0 (+6%) SEK million 2024 2023 • completed investment properties: SEK 13,286.7 million (12,514.0), +6% 31 Jun 31 Dec • undeveloped land and building rights: SEK 538.1 million (578.1), -7% Assets • ongoing construction: SEK 1,905.0 million (1,760.8), +8% Tangible non-
Slide 10: Financing of the Group
Credit terms for interesting bearing liabilities FINANCING OF THE GROUP 4 000,0 3 000,0 Financing 2 000,0 - Only finanacing trough banks, total comittment SEK 11,700 million - First mortgage for completed investment properties SEK 7,200 million 1 000,0 - Acquisition and operating loans SEK 1,200 mil
Slide 11: Conclusion
CONCLUSION The work with implementing the new business plan has begun and Niclas Bagler has started in his position as deputy CEO with responsibility for the business segment Construction. Divestment of a Danish property portfolio comprising 311 apartments completed in June and with hand over to the
Slide 12: Questions?
Questions? ir@k-fastigheter.se Interim report January–September 2024: O c t o b e r 2 5 th, 2 0 2 4 IMPORTANT INFORMATION: This presentation has been prepared by K-Fast Holding AB solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or red