Dios Fastigheter Ab · OMXSTO:DIOS
Dios Fastigheter Ab — Q1 2025 Earnings Presentation
17 slides from Dios Fastigheter Ab's earnings presentation, Apr 29, 2025
Slide 1: Q1 2025 Interim Report Jan-Mar
Q1 2025 Interim Report Jan-Mar
Slide 2: Stable development and positive outlook
Intro Operation Portfolio Financing Outlook Stable development and positive outlook Summary January - March 2025 • Economic occupancy at 90% by the end of 1Q25 vs 92% at 1Q24 Operational • Income was SEK 661m 1Q25 compared to SEK 639 1Q24 – increase mainly by finalized projects 1 development • Surpl
Slide 3: Growth in income from property management
Intro Operation Portfolio Financing Outlook Growth in income from property management SEKm 2025 2024 2024 ∆% Jan-Mar Jan-Mar Jan-Dec 1 • Rental income LfL was 0.7%. Total income 1 661 639 3 2,527 • Finalized new production are lifting rental income. • Occupancy rate was 90% affected by divestment an
Slide 4: Good income diversification
Intro Operation Portfolio Financing Outlook Good income diversification Rental value, type of premises Rental growth 8% 3%5% Office 661 0.7% 6 4 Like-for-like rental growth 6% Retail 639 14 Hotel/ restaurants 9% 55% Residential -2 94% Of commercial lease contracts have 14% Health care/ education CPI
Slide 5: Solid net letting track record and low tenant concentration risk
Intro Operation Portfolio Financing Outlook Solid net letting track record and low tenant concentration risk • Net letting amounts to SEK 1m for 1Q25 • 6 out of 10 largest tenants are businesses in the national, regional or local government sectors • Positive net letting 23 of 25 latest quarters • T
Slide 6: Yields remains flat in the quarter
Intro Operation Portfolio Financing Outlook Yields remains flat in the quarter SEKm No of properties SEK Portfolio book value by 5,687m Property portfolio, 1 Jan 31,413 323 Business area SEK 2,466m Acquisitions - - SEK 4,874m Investments in new builds, extensions and 202 SEK conversions 4,526m SEK 4
Slide 7: Sensible investment criteria form basis for accretive growth
Intro Operation Portfolio Financing Outlook Sensible investment criteria form basis for accretive growth • Major projects are built with no speculation • All new projects are built according to BREEAM, at least level “very good”, - Tenant: Social Insurance Agency 20% to BBR (national law) and Life-c
Slide 8: Prudent interest rate management
Intro Operation Portfolio Financing Outlook Prudent interest rate management Financing sources • Average cost of debt lower than marginal cost of debt 15% Bank loan • Committed to keep ICR ≥ 2.0 and LTV <55% long-term 8% SFF bond • Improved margins and good liquidity in the bond market 8% • Bank mar
Slide 9: Conservative balance sheet approach
Intro Operation Portfolio Financing Outlook Conservative balance sheet approach Loan-to-value <55%* Net debt / EBITDA <10 Interest cover ratio ≥2.0 70 13 7,0 Policy <65% 65 12 6,5 60 11 6,0 Target <55%* 55 10 5,5 50 5,0 9 45 4,5 8 40 4,0 7 35 3,5 6 30 3,0 Policy >1.8x 5 25 2,5 4 20 2,0 15 3 1,5 10 2
Slide 10: Great conditions for long-term growth
Intro Operation Portfolio Financing Outlook Great conditions for long-term growth • Hydropower • Windpower • Green steel production • Available land • Electro fuel • Cold climate • Forestry • Solid governing structure • Data centres • NATO membership • Military • Attractive 15-min cities 2025-04-29
Slide 11: Population growth
Index 1970= 100 75 100 125 150 175 200 1970 1971 Intro 1972 1973 1974 2025-04-29│Q1 2025 Earnings call 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 Operation 1987 1988 1989 1990 1991 Population growth 1992 1993 1994 1995 1996 1997 1998 1999 11 2000 Portfolio 2001 2002 2003 2004 2005 2
Slide 12: Acquisition in Umeå
Intro Operation Portfolio Financing Outlook Acquisition in Umeå • 73,000 sq.m • SEK 1,600m • SEK 134m rental value • +4% IFPM per share
Slide 13: Rental market
Intro Operation Portfolio Financing Outlook Rental market Office rental development in our portfolio 2 600 14 • Rising market rents 2 400 12 • Back to office-trend 2 200 10 • Increased activity within tenant adaption 2 000 8 • Local presence and size gives competitive advantage 1 800 6 1 600 4 1 400
Slide 14: Why invest in Diös
Intro Operation Portfolio Financing Outlook Why invest in Diös Unique position in an Long-term profitability Strong stable cash flow attractive market Our business model is based on We own a well-diversified portfolio, in We are the market-leading property owner in continuously developing attractive
Slide 15: Q&A
Q&A 15 2025-02-14 │ Q4 2024 Earnings call
Slide 16: Speakers
Intro Operation Portfolio Financing Outlook Speakers David Carlsson, CEO Rolf Larsson, CFO Johan Dernmar, CIRO CEO since 2025 CFO since 2005 Chief Investor Relations Officer since 2023 (in the Shareholdings 11,225 Shareholdings 16,000 company since 2015) Shareholdings 8,255 2025-04-29 │Q1 2025 Earni
Slide 17: Thank you!
Thank you! Contact Johan Dernmar Chief Investor Relations Officer +4610-470 95 20 johan.dernmar@dios.se