Swedish Logistic Property Ab Class B · OMXSTO:SLP_B
Swedish Logistic Property Ab Class B — Q1 2025 Earnings Presentation
17 slides from Swedish Logistic Property Ab Class B's earnings presentation, Apr 29, 2025
Slide 1: Interim Report Jan-Mar 2025, Presentation
INTERIM REPORT JAN-MAR 2025, PRESENTATION ”Strong start to the year with a record acquisition volume for a single quarter” Tommy Åstrand, CEO Matilda Olsson, CFO
Slide 2: Agenda
Agenda 1 Summary of January to March -25 2 About SLP 3 Property Portfolio 4 Financial Development 5 Summary 6 Q&A Swedish Logistic Property – Interim Report January – March 2025, presentation 2
Slide 3: Summary of January to March -25
Summary of January Summary of January to March -25 to March Rental income Net operating income Profit from property management Loan-to-value ratio +42 % +48% +51% 48.2 % SEK 236 m (166) SEK 203 m (137) SEK 134 m (89) Profit from property management per share Property value acquisitions Sustainable f
Slide 4: About SLP
About SLP About SLP Business concept and goals Property portfolio as of Q1 2025 Geographical presence ▪ SLP – Swedish Logistic Property – shall acquire, develop and manage logistic properties with a focus on sustainability. 118 Number of properties ▪ Overarching goal – Generate an average annual gro
Slide 5: Property portfolio: Transactions
Property portfolio Transactions Acquisition of properties for development is a key part of SLP’s growth strategy Transaction volume and number of transactions, SEK m 2 500 2 171 7 2 043 Acquired properties 2 000 1 747 1 848 1 504 1 500 1 288 1 000 506 500 -500 0 -144 -9 177 tsqm 2019 2020 2021 2022
Slide 6: Property portfolio
Property portfolio Property portfolio The property portfolio consists of investment properties, development properties, building rights and ongoing projects Property management Property development Projects Building rights [Insert picture] [Insert picture] [Insert picture] [Insert picture] Terminale
Slide 7: Ongoing projects > SEK 25 m
Property portfolio Ongoing projects > SEK 25 m Ongoing projects add value to the property portfolio through new construction, renovations and extensions Ackumulatorn 1 Investments, SEK m 1,308 Conversion and extension 960 Major ongoing projects > 25 SEK m Energy-saving projects 465 Other projects 24
Slide 8: Property portfolio: Tenants
Property portfolio Tenants Stable CPI-indexed rental income from large tenants with long leases 10 largest tenants 97% Letting ratio 10 largest tenants, share of annual rent 34% Other tenants, share of annual rent 100% Indexed annual rent 66% SEK 0.4 m Net leasing income 0 6.7 years Remaining lease
Slide 9: Property portfolio: Sustainability
Property portfolio Sustainability Goal attainment for targets that are monitored and reported on a quarterly basis Sustainability framework Key performance indicators 2025-03 2024-03 Goal Planet Installed effect in solar cell systems, MWp 20.2 15.3 25 MWp by 2027 Climate-neutral projects, no. 2 2 3
Slide 10: Financial development: Goals and outcome
development Goals and outcome Financial Overarching goals Financial risk limitations Generate an average annual growth of at least 15% per share in net asset Minimum interest cover of 2.5 x value (NAV) and profit from property management. Maximum long-term loan-to-value ratio of 55% Minimum equity/a
Slide 11: Current earnings ability
development Current earnings ability Financial Current earnings ability excl. ongoing construction projects > SEK 25m Current earnings ability excl. major ongoing projects Current earnings ability, SEK m SEK m 01/04/2025 01/01/2025 01/01/2024 01/01/2023 01/01/2022 31/12/2020 31/12/2019 868 509 359 2
Slide 12: Income, expenses and profit
development Income, expenses and profit Financial Income, expenses and profit Rental income and net operating income Profit from property management Statement of comprehensive income 2025 2024 2024 +42% +51% SEK m Jan-Mar Jan-Mar Jan-Dec Rental income 236 166 710 Property costs -30 -27 -93 236 134 2
Slide 13: Statement of Financial Position
development Statement of Financial Position Financial Statement of Financial Position Statement of financial position in summary Value growth of investment properties SEK m 31/03/2025 31/03/2024 31/12/2024 ASSETS Change in investment properties SEK m Non-current assets 15,544 Investment properties 1
Slide 14: Financing - only secured bank financing with Nordic banks
Financing - only secured bank financing development Financial with Nordic banks Loan portfolio 3,0 2,7 4,2% 2,5 2,3 4,1% 2,1 4,1% 1.43% Average credit margin 2,0 1,7 1,8 4,0% 1,7 3,9% 1,5 Proportion of loans with interest rate hedging via 1,0 3,8% 3,7% 3,8% 3,7% 61% derivatives 0,5 3,6% 0,0 3,5% 202
Slide 15: Shareholders as of March 2025
Shareholders as of 31 March 2025 Shareholders as of 31 March 2025 No. of shares Proportion of Class A Class B Total Share capital, % Voting rights, % Erik Selin through companies 14,551,535 16,242,780 30,794,315 11.8 21.4 Peter Strand through companies 12,281,125 14,687,885 26,969,010 10.4 18.3 Mika
Slide 16: Summary
Summary Summary Net asset value (NAV) per share Profit from property management per share 29,4 30,4 0,52 25,3 22,1 0,39 18,3 0,33 11,1 0,21 5,6 2019 2020 2021 2022 2023 2024 2025-03 2021 2022 2023 2024 Jan-Mar Jan-Mar Jan-Mar Jan-Mar Net asset value (NAV) per share after dilution, SEK Profit from pr
Slide 17: Questions?
INTERIM REPORT JAN-MAR 2025, PRESENTATION Questions? info@slproperty.se This presentation has been prepared by Swedish Logistic Property AB (“SLP” or the “Company”) solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or redistributed, in
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