John Mattson Fastighetsforetagen AB · OMXSTO:JOMA
John Mattson Fastighetsforetagen AB — Q3 2021 Earnings Presentation
16 slides from John Mattson Fastighetsforetagen AB's earnings presentation, Nov 11, 2021
Slide 1: John Mattson
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Slide 2: Presentation Q3
1 Presentation Q3 11 November 2021 Siv Malmgren, Maria Sidén, CEO CFO
Slide 3: Goal fulfillment Q3 2021 versus Q3 2020
Goal fulfillment 2 Q3 2021 versus Q3 2020 36% growth SEK 14.2 billion 6% growth in net asset value in property value inincome from property 30 September 2021 management Adjusted non-recurring item growth 15%
Slide 4: Significant events
Significant 3 events • Acquisition and possession of Hefab (97,15%) and Eb (99,95%) • Underlying property value of SEK 5.3 billion • Non-cash issues • CFO Maria Sidén is stepping down Events after the end of the period • On 1 October – possession of 456 apartments and commercial premises in Häggvik
Slide 5: Acquisition of Hefab and Efib
Acquisition of 4 Hefab and Efib • Established in additional attractive submarkets • Portfolio of well-maintained housing and commercial premises • Project opportunities • 100,000 m², of which 75% housing • 1,200 apartments • Rental value SEK 200 million
Slide 6: Property portfolio
Property portfolio 5 4 83% Management of lettable area areas is housing 3,900 314,000 Apartments sq m Lettable area
Slide 7: Lidingö and North Stockholm
Lidingö North Stockholm 6 Share of Share of lettable area lettable area Residential properties Residential properties Commercial properties Commercial properties Development properties Development properties Residential properties Residential properties Area: 164,000 sq m Area: 37,000 sq m Rental va
Slide 8: City/Bromma, South Stockholm/Nacka
City/Bromma South Stockholm 7 /Nacka Share of Share of lettable area lettable area Residential properties Residential properties Commercial properties Commercial properties Development properties Development properties Residential properties Residential properties Area: 28,000 sq m Area: 43,000 sq m
Slide 9: Key metrics, January–September 2021
Key metrics, 8 January–September 2021 • Property value: SEK 14.2 billion • Number of apartments: 3,900 • Rental value: SEK 551.4 million • Rental value/sq m: SEK 1,758 sq m • Income from property management: SEK 80.2 million • NAV: SEK 5.7 billion • Loan-to-value ratio: 58%
Slide 10: Income from property management
Income from property management 9 6% income from property management per share 95.7% Economic occupancy rate Net operating income, SEK m Income from property management, 250 SEK million 100 200 150 80 64.3% 60 surplus ratio 100 40 50 20 0 0 2017 2018 2019 2020 Q3 2021 2017 2018 2019 2020 Q3 2021
Slide 11: Property value & net asset value
Property value & net asset value 10 SEK 14.2 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021 billion in property 16 000 160 value 14 000 140 12 000 120 SEK 5,415 10 000 100 million invested 8 000 80 2021 6 000 60 4 000 40 36% average growth in net asset 2 000 20 value per share 0 0 2011 20
Slide 12: Financing
Financing 11 58% loan-to-value ratio 2.6x interest coverage ratio 9 000 70 2,5 3,0.0 8 000 60 2,50.0 7 000 2,0 50 6 000 2,0.0 SEK million 40 1,5 multiple 5 000 1,50.0 % % 4 000 30 1,0 3 000 1,0.0 20 2 000 0,5 10 ,50.0 1 000 0 0 0,0 ,0.0 2017 2018 2019 2020 Q3 2021 2017 2018 2019 2020 Q3 2021 Utilise
Slide 13: Outlook
Outlook 12 • Integration of Hefab and Efib • Manage, add value and develop the newly acquired properties, including ongoing projects • Complete base upgrades in Lidingö and continue total upgrades • Base and total upgrades in Rotebro, Sollentuna – start 2022 • Developing housing and workplaces in Sl
Slide 14: Business idea
Business idea 13 To own, manage and develop residential properties and attractive local communities in the Stockholm region. Financial risk Strategies Financial targets Dividend policy limitation Manage efficiently +10% 50% 50% Add value through annual growth in net of income from property loan-to-v
Slide 15: Great neighbourhoods across generations
14 Great neighbourhoods across generations
Slide 16: Questions
Questions JohnMattson
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