Toivo Group Oyj · OMXHEX:TOIVO
Toivo Group Oyj — H1 2024 Earnings Presentation
18 slides from Toivo Group Oyj's earnings presentation, Aug 6, 2024
Slide 1: Toivo Group Plc's Half-Year Review 1.1.-30.6.2024
Toivo Group Plc’s HALF-YEAR REVIEW 1.1.-30.6.2024 CEO Markus Myllymäki CFO Samuli Niemelä 6.8.2024 1
Slide 2: Event main points
Event main points • Key figures • A brief look at the review period • Approximately EUR 100 million in contracts and news on working against the tide • Strategy change and the market • Large international investors • Community properties in production • Outlook 6.8.2024 2
Slide 3: January–June 2024 in brief
January–June 2024 in brief • Revenue EUR 28.4 million (EUR 19.7 million), +44% • Operating profit EUR 2.3 million (EUR 5.7 million), -59% • DEVELOPMENT: Contracts for 173 (50) new apartments and two community properties. • CONSTRUCTION: Construction of 85 (76) apartments was started • OWNERSHIP: 159
Slide 4: Key figures
Key figures* EUR thousand 1.1.-30.6.2024 1.1.-30.6.2023 Change, % Revenue 28,403 19,727 44% Operating profit 2,344 5,650 -59% Operating profit without changes in 2,344 5,650 -59% values of investment properties Profit or loss for the financial year 437 3,248 -87% Earnings per share (EUR) 0.00 0.06 -
Slide 5: Situation June 2024
@ Situation 30 June 2024 (f H ' we 4 Toivo's \ Business Mode | x % % Ownership/ Selling e 783 apartments Construction e 114 apartments under construction e@ approx. MEUR30 ~ Ownership/Sales margin — Development Construction margin e Aproject portfolio of approximately 3,150 apartments and two commun
Slide 6: Approximately EUR 100 million in contracts and news on working against the tide
Approximately EUR 100 million in contracts and news on working against the tide Cash flow/ Apartments balance Contract Size /m2 Development Construction Ownership Selling sheet Implementation of the Nuveen apartment X X X Cash flow EUR 41.85 million 141 units portfolio X X X X Cash flow Sale of Novu
Slide 7: Strategy change and the market
Strategy change and the market The contracts won in Q2/2024, with a combined value of Development approximately EUR 100 million, were not the result of the change Typical duration 2–4 years in the market, but, rather, the company’s efforts that began in approx. 0–5% of the autumn 2022 and included t
Slide 8: Property sales as part of the change in strategy
Property sales as part of the change in strategy Toivo has updated its strategy in order to enable property sales. Toivo completed its first property sale valued in excess of EUR 20 million to Novus Family Homes Oy. Toivo has updated its strategy and completed its first property sales for reasons re
Slide 9: Large international institutional investors
Large international institutional investors Toivo has concluded large transactions with major international institutional investors. Toivo has been able to offer investors the following: 1. Products with international demand (yield, product, price and location) 2. An easy way to invest 3. A business
Slide 10: Community properties in production
Community properties in production Toivo started the pilot phase for community properties in September 2023 and has decided to move to the production phase. The pilot phase has delivered promising results. The company has decided to move to the production phase for the following reasons: 1. BUSINESS
Slide 11: Financial prospects
Financial prospects PROSPECTS FOR 2024 FINANCIAL TARGETS 2024–2026 • The company expects the operating • Non-current net assets per share (Net asset value, profit without changes in values of NAV/share) will increase significantly every year. investment properties for the financial • Operating profi
Slide 12: Thank you!
Thank you! Markus Myllymäki Samuli Niemelä CEO CFO 040 847 6206 050 430 3483 markus.myllymaki@toivo.fi samuli.niemela@toivo.fi 6.8.2024 12
Slide 13: Appendices
Appendices
Slide 14: Appendix 1. Key figures 30 June 2024
Appendix 1. Key figures 30 June 2024* Group, EUR thousand 1-6/2024 1-6/2023 Change Revenue 28 403 19,727 8,676 Lease income 3,989 3 196 793 Net lease income 2,607 2,329 278 Operating profit 2,344 5,650 -3,307 Operating profit without changes in values of investment properties 2,344 5,650 -3,307 Cash
Slide 15: Group income 1–6/2024
Group income 1–6/2024* Consolidated income statement Group’s statement of comprehensive income 1 Jan–30 June 1 Jan–30 June 1 Jan–30 June 1 Jan–30 June EUR thousand 2024 2023 EUR thousand 2024 2023 Revenue 28,403 19,727 Financial year profit (loss) 437 3,248 Changes in the fair values of investment p
Slide 16: Consolidated balance sheet 30 June 2024
Consolidated balance sheet 30 June 2024* EUR thousand 30 June 2024 30 June 2023 EUR thousand 30 June 2024 30 June 2023 ASSETS EQUITY Non-current assets Share capital 1,000 1,000 Subordinated loans 17,302 17,280 Investment properties 135,137 168,139 Share premium account 20,998 18,061 Right-of-use as
Slide 17: Important information
Important information This material has been prepared for discussion purposes only and may not be copied, reproduced or redistributed to any other person, not whole nor in part, without a prior written consent of Toivo Group Plc (“Company”). All the information presented herein is on a general level
Slide 18: investors.toivo.fi
investors.toivo.fi