K-fast Holding Ab Class B · OMXSTO:KFAST_B
K-fast Holding Ab Class B — Q3 2024 Earnings Presentation
12 slides from K-fast Holding Ab Class B's earnings presentation, Oct 25, 2024
Slide 1: Increase in profit from property management and continued construction starts
INCREASE IN PROFIT FROM PROPERTY MANAGEMENT AND CONTINUED CONSTRUCTION STARTS Interim report Q3 January–September 2024 Presenters: Jacob Karlsson, CEO, and Martin Larsson, CFO 25 October 2024 K-Fast Holding AB 2024 – Interim report Jan-Sep 2024. All rights reserved
Slide 2: Third quarter in brief
THIRD QUARTER IN BRIEF • Deepened cooperation with Kilenkrysset through two transactions in Mälardalen. In Nyköping K-Fastigheter divested the property Oppeby Gård 1:7 to K-Fast Kilen AB, a company owned at 51 percent by K-Fastigheter and 49 percent by Kilenkrysset AB. In total the transaction cover
Slide 3: Started and completed projects Q3
S TA R T E D A N D C O M P L E T E D P R O J E C T S Q 3 TOTAL CONSTRUCTION STARTED APARTMENTS 154 THE FOLLOWING PROJECTS HAVE CONSTRUCTION STARTED MALMÖ (154 apt’s) Region South Region West Above: Skjutskontoret 3 in Malmö where construction has begun of 154 Region East apartments and Skymningen 3
Slide 4: Construction
CONSTRUCTION • The Business segment shall deliver completed housing properties with Business segment Construction as of 30 September 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 millio
Slide 5: Property management
PROPERTY MANAGEMENT Property Management as of 30 September 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
Slide 6: Business segment Property Management
BUSINESS SEGMENT PROPERTY MANAGEMENT SEK million Property Property Management Management Business segment Property Management 2024 2023 Jan-Sep Jan-Sep • Number of apartments under management at the end of the period 4,987 (4,078), +22% Income 456.5 351.9 • Rental value at the end of the period amou
Slide 7: Business segment Construction
BUSINESS SEGMENT CONSTRUCTION SEK million Construction Construction Business segment Construction 2024 2023 Jan-Sep Jan-Sep • Income amounted to SEK 1,280.6 million (1,833.5), -30% • Concept houses SEK 948.0 million (1,358.8), -30% Income 1,280.6 1,833.5 • Other construction SEK 332.6 million (474.8
Slide 8: Group
GROUP Group SEK million Property Construction Other Eliminations Group Group • Central administration: SEK 55.0 mkr (41.9), of which SEK 40.2 milion distributed Management Jan-Sep Jan-Sep 2024 2023 • Interest coverage ratio (12mo): 1.5 times (1.9) Income 456.5 1,280.6 0.0 -916.4 820.7 847.7 Expenses
Slide 9: Investment properties: SEK 15,012.8 (+1%)
Investment properties: SEK 15,012.8 (+1%) SEK million 2024 2023 • completed investment properties: SEK 12,608.2 million (12,514.0), +1% 30 Sep 30 Sep • undeveloped land and building rights: SEK 536.8 million (578.1), -7% Assets • ongoing construction: SEK 1,849.5 million (1,760.8), +5% Tangible non-
Slide 10: Financing of the Group
FINANCING OF THE GROUP Financing - Only finanacing trough banks, total comittment SEK 11,500 million - First mortgage for completed investment properties SEK 7,200 million - Acquisition and operating loans SEK 1,300 million – used 1,200 million - Construction credits SEK 3,000 million – used 1,500 m
Slide 11: Conclusion
CONCLUSION Deepened cooperation with Kilenkrysset. In Nyköping through the common company K-Fast Kilen AB acquired 100 apartments from K-Fastigheter. In a separate transaction K-Fastigheter, through a subsidiary, has acquired Strängnäs Bussen 10 from a company within the Kilenkrysset Group. On the p
Slide 12: Questions? ir@k-fastigheter.se
Questions? ir@k-fastigheter.se Ye a r -e nd r e por t J a nua r y-S e pte m be r 2 0 2 4 : F e b r u a r y 1 4 th, 2 0 2 5 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 n