K-fast Holding Ab Class B · OMXSTO:KFAST_B
K-fast Holding Ab Class B — Q1 2024 Earnings Presentation
13 slides from K-fast Holding Ab Class B's earnings presentation, Apr 25, 2024
Slide 1: New strategy and business plan means dividing operations in two business segments
NEW STRATEGY AND BUSINESS PLAN MEANS DIVIDING OPERATIONS IN TWO BUSINESS SEGMENTS Interim report January–March 2024 Presenters: Jacob Karlsson, CEO, and Martin Larsson, CFO 25 April 2024 K-Fast Holding AB 2024 – Interim report jan-mar 2024. All rights reserved
Slide 2: New business plan for 2024-2028
NEW BUSINESS PLAN FOR 2024-2028 • New strategy. To support expansion and own financing parts of what is constructed will be sold to extremal customers. It can be single properties or portfolios of new construction or from properties under management, as forward funding or Co-Ops. • In order to highl
Slide 3: First quarter in brief
FIRST QUARTER IN BRIEF • New strategy to sell parts of new construction projects or properties under management to support expansion and self financing. Business plan for 2024-2028 adopted under which two business segments is established: Construction and Property Management. This in order to cleari
Slide 4: Construction starts
C O N S T R U C T I O N S TA R T S TOTAL CONSTRUCTION STARTED APARTMENTS 341 THE FOLLOWING PROJECTS HAVE CONSTRUCTION STARTED GÖTEBORG (173 apt’s) VÄSTERÅS (168 apt’s) Region South Region West Above: Sävenäs 131:14 i Göteborg with 173 apartments. Region East Below: Vapenrocken 3 in Västerås with 168
Slide 5: Construction
CONSTRUCTION Business segment Construction as of 31 March 2024 (SEK million) • The Business segment shall deliver completed housing properties with the Groups own developed concept houses as well as high quality frame SEK million 2024 2023 2023 solutions. A new focus on gaining external agreements f
Slide 6: Property Management
PROPERTY MANAGEMENT Property Management as of 31 March 2024 • The business segment shall with efficient management and high occupancy rate in the portfolio with focus on housing properties built in SEK million 2024 2023 2023 accordance with the Groups concept contribute with stable and long-term Jan
Slide 7: Property Management
PROPERTY MANAGEMENT SEK million Property Property Management Management Business segment Property Management 2024 2024 Jan-Mar Jan-Mar • Number of apartments under management at the end of the period 5,037 (3,833), +31% Income 146.8 114,8 • Rental value at the end of the period amounted to SEK 685.9
Slide 8: Construction
CONSTRUCTION SEK million Construction Construction Business segment Construction 2024 2024 Jan-Mar Jan-Mar • Income amounted to SEK 452.9 million (639.2), -29% • Concept houses SEK 375.0 million (464.5), -19% Income 452.9 639.2 • Other construction SEK 78.0 million (174.7), -55% Expenses -293.4 -522
Slide 9: Group
GROUP Group SEK million Property Constructio Other Eliminering Group Group • Central administration: SEK 16.6 mkr (12.1), of which SEK 13.3 milion distributed Manageme n Jan-Mar Jan-Mar nt 2024 2023 • Interest coverage ratio (12mo): 1.6 times (2.1) Income 146.8 452.9 0.6 -368.2 232.0 296.3 Expenses
Slide 10: Investment properties and interest-bearing liabilities
Investment properties: SEK 15,337.6 (+3%) SEK million 2024 2023 • completed investment properties: SEK 12,833.4 million (12,514.0), +3% 31 Mar 31 Dec • undeveloped land and building rights: SEK 576.2 million (578.1), +/-0% Assets • ongoing construction: SEK 1,910.0 million (1,760.8), +8% Tangible no
Slide 11: Financing of the Group
Credit term for interesting bearing liabilities FINANCING OF THE GROUP 4 000,0 3 000,0 Financing 2 000,0 - Only finanacing trough banks, total comittment SEK 11,100 million - First mortgage for completed investment properties SEK 7,100 million 1 000,0 - Acquisition and operating loans SEK 1,200 mill
Slide 12: Conclusion
CONCLUSION The Board has decided on a new strategy and business plan. Operations will be divided in two business segments: Construction and Property Management. A shift of strategy to also sell completed housing properties constructed in accordance with the Groups concepts to external customers. Str
Slide 13: Questions?
Questions? ir@k-fastigheter.se Interim report January–June 2024: J u l y 2 3 rd, 2 0 2 4 IMPORTANT INFORMATION: This presentation has been prepared by K-Fast Holding AB solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or redistributed,