Corem Property Group Ab Class A · OMXSTO:CORE_A
Corem Property Group Ab Class A — Q1 2025 Earnings Presentation
21 slides from Corem Property Group Ab Class A's earnings presentation, Apr 14, 2025
Slide 1: Interim Report Q1 2025
Interim Report Q1 2025 14 April 2025
Slide 2: Company highlights
2,205 Lettable area, tsq.m 4,273 Rental value, SEKm COMPANY HIGHLIGHTS 54 Property value, SEKbn >1,000 Development opportunities tsq.m
Slide 3: Slide 3
Slide 4: Property portfolio geographically well focused to attractive locations
Property portfolio geographically well focused to attractive locations in major cities and growth regions . Portfolio with premises for commercial use . In-house property management . Expertise in property development . Proven track record in sustainability . Long term tenant relations for mutual gr
Slide 5: Summary January – March 2025
Slide 6: Cost decrease
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Slide 7: New lettings
aes PLESNER Copenhagen - Plesner, 3 500sq.m _ * Gothenburg - Transtema, 1 266 sq.m * Stockholm — Kista Extension - Tele2 px TELE | * Stockholm - Circle K, 2 038 sq.m Bi TRANsTEMA
Slide 8: Contract maturity
1200 1000 800 600 400 200 0 2025 2026 2027 2028 2029- Contract maturity Bildresultat för Martin servera logo
Slide 9: Corem and Klövern R12
3500 3000 2500 2000 1500 1000 500 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 Corem R12 Klövern R12
Slide 10: Value-creating property development and urban development
Value-creating property development = and urban development bd Gallerian, converting retail to office, Vasteras rhusen, Office in Norrképjng
Slide 11: New York
New York Two ongoing projects ¢ 1245 Broadway 17 600 sq.m 77% leased ° 28&7 9 300 sq.m 100% leased IMT | bE SES SS \ DEB Benw Q a YN NN NO SS inrai jidemi MAVIK Ang X Bion Ba MAY IK 40f gumgum”— INJECTIVE —_4NVellipsis labs
Slide 12: Unique development site at Park Avenue
—— Unique Devel lopment site at Park Avenue * 1,000 sq.m site * Building rights for 33,000 sq.m of new offices ee * Top location in B slacks fl The Plaza District Ts) [te * Ready for development a “BlackRo , ° Free-hold corem
Slide 13: Uppsala Business Park
Uppsala Business Park Urban development LLL ES corem
Slide 14: Average yield and market value since peak levels
Average yield and market value since peak levels SEKm 90000 7,0% 6.0% 6,0% 80000 B% 09 a Bee 6,0% 5,5% 70000 5,0% ——— 4,0% 3,0% 2,0% 1,0% 0,0% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024. Q3 2024 Q4 2024 Q1 2025 mmm Market value SEXm ——Yield 60000 50000 40000 3000
Slide 15: Financial position
16 Financial position * Interest-bearing liabilities reduced by SEK 770 million during Q1 2025 + Maintained or improved key figures such as LTV, average interest rate and ICR * Redemption of February bond and issued a new SEK 1 billion bond * Divestments made to date 2025, properties with market val
Slide 16: 2018 2019 2020 2021 2022 2023 2024 25 6,0 3,5 5,5 3 5,0 4,5
70 60 50 40 30 20 10 0 2018 2019 2020 2021 2022 2023 2024 2025 6,0 3,5 5,5 3 5,0 4,5 2,5 4,0 3,5 2 3,0 1,5 2,5 2,0 1 1,5 0,5 1,0 2017 2018 2019 2020 2021 2022 2023 2024 0 2018 2019 2020 2021 2022 2023 2024 2025
Slide 17: Bond and debt maturities
14 000 16% 2% 15% 15% 17% 14% 14% 15% 12 000 14% 14% Unsecured bonds 10 000 Bank loans 81% Commercial paper 12% 8 000 11% 10% 6 000 1 800 1 675 10% 1 600 1 400 1 300 4 000 1 200 1 050 1 000 1 000 8% 800 600 2 000 400 200 200 0 0 6% Sep-25 May-26 Jan-27 Sep-27 Apr-28 2021 2021 2021 2022 2022 2022 202
Slide 18: Optimizing the financial position & shareholder value
Optimizing the financial position & shareholder value Tools to reach, and later be able to surpass, our financial targets * Continued targeted divestments * Reposition and refinance bonds, optimizing structure as well as bond durations + Repayment of expensive loan structures, restructuring of expen
Slide 19: Sustainability at Corem
For Corem, sustainability means combining economically sustainable business operations with high business ethics, social responsibility and environmental consideration. Working with suppliers as well as tenants we strive to be a positive influence, and to develop sustainable properties and prosperou
Slide 20: Using our strengths
21 Using our strengths Geographically well positioned to growth markets Competitive portfolio in attractive locations Attractive land bank and development possibilities Strong in-house core competences and proven track- record in letting, property development and sustainability | Focus areas Locally
Slide 21: Questions
Questions