John Mattson Fastighetsforetagen Ab · OMXSTO:JOMA
John Mattson Fastighetsforetagen Ab — Q3 2022 Earnings Presentation
15 slides from John Mattson Fastighetsforetagen Ab's earnings presentation, Nov 10, 2022
Slide 1: Q3 2022
Q3 2022
Slide 2: Presentation Q3
1 Presentation Q3 10 November 2022 Per Nilsson, Mattias Lundström CEO CFO
Slide 3: Our position
Our position 2 High Attractive areas Value-creating Responsible quality in the Stockholm player in social growth housing region sustainability
Slide 4: Goal fulfillment Q3 2022 versus Q3 2021
Goal fulfillment 3 Q3 2022 versus Q3 2021 14% growth 58% growth in in net asset value income from property management
Slide 5: Significant events in Q3 2022
Significant events 4 in Q3 2022 • Transfer of one property in Östermalm at an underlying property value of SEK 800 million. Events after the end of the period • The final payment of SEK 100 million was received from the sale of the Älgen 24 property. • Reorganisation started – reduction of ten FTEs
Slide 6: Focus areas – sustainability targets
Focus areas – sustainability targets 5 Dynamic and safe local • Safe neighbourhoods as assessed by residents: to outperform the sector average for comparable 1 communities properties. • Attractive areas according to the residents: above the sector average. Responsible material • 2 and By 2030, John
Slide 7: Property portfolio
Property portfolio 6 4 82% property of the lettable area management is housing areas 4,369 355,000 apartments sq m lettable area
Slide 8: Development projects
Development 7 projects Project Area Number of apartment s Status Possible construction start Vilunda, Upplands Väsby North Stockholm 73 Production Ongoing Gengasen, South Örby Stockholm/Nacka 128 Production Ongoing Juno, Käppala Lidingö 50 Early phase 2024 Geografiboken, Detailed Devel. Abrahamsberg
Slide 9: Key metrics January–September 2022
Key metrics 8 January–September 2022 • Property value: SEK 15.8 billion • Number of apartments: 4,369 • Rental value: SEK 617 million • Rental value SEK/sq m: SEK 1,738 sq m • Inc. from Prop. Mgmt: SEK 140 million • NAV: SEK 6.8 billion • Loan-to-value ratio: 56.3%
Slide 10: Income from property management
Income from property 9 management 58% income from property management per share 97,1% economic occupancy rate Net operating income, SEK m Income from property management, 350 SEK million 300 160 140 66.7% 250 120 200 100 surplus ratio 150 80 100 60 40 50 20 0 0 2018 2019 2020 2021 Q3 22 2018 2019 20
Slide 11: Property value & net asset value
Property value & net asset value 10 SEK 15.8 billion in property value 18 000 180 16 000 160 14 000 140 SEK 894 million 12 000 120 invested SEK million 10 000 2022 SEK/share 100 8 000 80 6 000 60 4 000 40 14% average growth 2 000 20 in net asset value per share 0 0 2011 2012 2013 2014 2015 2016 2017
Slide 12: Financing
Financing 11 56.3% loan-to-value ratio 2.2x interest coverage ratio 10 000 70 2,5 3,0 9 000 60 8 000 2,5 2,0 7 000 50 2,0 SEK million 6 000 40 1,5 multiple 5 000 1,5 % % 4 000 30 1,0 3 000 1,0 20 2 000 0,5 10 0,5 1 000 0 0 0,0 0,0 2018 2019 2020 2021 Q3 22 2018 2019 2020 2021 Q3 22 Utnyttjad kredit
Slide 13: Outlook
Outlook 12 • Remaining proactive in an uncertain environment - cost-savings programme - postponed project starts - interest-rate hedges • Ongoing rent negotiations
Slide 14: Great neighbourhoods across generations
13 Great neighbourhoods across generations
Slide 15: Questions
Questions JohnMattson
John Mattson Fastighetsföretagen — Q3 2022 Earnings Presentation on 6ix