Slide 1: Prisma Properties
PRISMA PROPERTIES
Slide 2: Today's presenters
Today’s presenters Fredrik Mässing Martin Lindqvist CEO CFO 2
Slide 3: Agenda
Agenda 1 Business update 2 Financial update 3 Q&A Stämpeln 1, Sollentuna
Slide 4: Q4 2024 summary – gearing up for 2025
Q4 2024 summary – gearing up for 2025 Highlights Rental income development Key figures SEKm +18% Successful renegotiation of approximately 70 percent of our loan portfolio in February 2025 130 SEK 7.3bn Number of properties Property market value Rental income grew 18% in the quarter YoY, an effe
Slide 5: Tenants and lease maturity development – WAULT of 8.7 years
Tenants and lease maturity development– WAULT of 8.7 years Tenant base – including ongoing projects Rental income split Lease maturity structure – 85% of leases mature 2030 and beyond Top 10 largest tenants1 Rental value Tenant Category 30% SEKm % Discount 44% Dollarstore Discount 96 20% Willys Groc
Slide 6: Property portfolio – small positive value change in the quarter
Property portfolio – again, small positive value change in the quarter Property portfolio Changes in the property portfolio (Q4’24 vs. Q4’23) SEKm +1 +36 Norway Project properties +420 51 692 Denmark 1 256 +852 Property value Property value per 7 273 per type, geography, SEKm SEKm 5 964 Sweden 5 966
Slide 7: Current development portfolio – five ongoing projects
Current development portfolio – five ongoing projects with 7,9% avg YoC Project portfolio overview Estimations, SEKm Estimated NLA, Property name Country Municipality Category Rental Total Remaining WAULT, completion sqm NOI value investment investment years Börstil 11:14 Sweden Östhammar Discount 2
Slide 8: Construction Starts – Q1 2025 to Q3 2025
Construction Starts – Q1 2025 to Q3 2025 Planned projects Tenant Municipality NLA sqm Investment (Msek) Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q3 26 Q4 26 Willys Lycksele, SE 3 650 54 Lager 157 Hjörring, DK 2 250 41 Lidl, Jysk, Discount Mora, SE 5 400 109 McDonalds Eksjö, SE 360 18 Fast Food Strä
Slide 9: Shareholders as of Dec 31st
Shareholders as of Dec 31st Shareholders # shares % Alma Property Partners II AB 57 711 693 35,1% Alma Property Partners I AB 33 369 325 20,3% Capital Group 9 781 818 5,9% Bonnier Fastigheter Invest AB 8 807 382 5,4% Swedbank Robur Fonder 6 998 357 4,3% Länsförsäkringar Fonder 6 627 636 4,0% Tredje
Slide 10: Agenda
Agenda 1 Business update 2 Financial update 3 Q&A Stämpeln 1, Sollentuna
Slide 11: Income – growing rental income on the back of completed projects, acquisitions and CPI adjustments
Income – growing rental income on the back of completed projects, acquisitions and CPI adjustments Rental income excl other income Net operating income & surplus ratio Profit from property management, adjusted *) SEKm SEKm SEKm 18% Rental income growth 93% 393 attributable to project 91% completions
Slide 12: Capital structure – stable financial position
Capital structure – stable financial position Selected metrics as of 31 Dec 2024 44% 33% 55% 2.1x 6% 7% 36% Gross LTV Net LTV Equity ratio Interest 16% coverage ratio SEK 3,215 35% 5.11% 4.68% 1.9 3.4 2.9 (4,83%) (4,40%) Debt maturity, years Debt maturity, years Average period of Average Average int
Slide 13: Current earnings capacity
Current earnings capacity Current earnings capacity Comments The table to the left presents the current earnings capacity for Prisma’s property management operations on a twelve-month basis SEK million 1st Jan 25 The current earnings capacity is not a forecast and should only be considered as a
Slide 14: Agenda
Agenda 1 Business update 2 Financial update 3 Q&A Stämpeln 1, Sollentuna
Slide 15: Q&A
Q&A PRISMA
Slide 16: Appendix
Appendix Algutsum 20:24, Mörbylånga
Slide 17: Income statement
Income statement 2024 2023 2024 2023 SEK million Oct-Dec Oct-Dec Jan-Dec Jan-Dec Rental income 102 100 393 345 Invoiced property costs 11 12 42 45 Property costs -19 -14 -70 -61 Net operating income 95 97 364 330 Administration and other costs -19 -23 -104 -74 Financial income 7 0 17 3 Financial cos
Slide 18: Balance sheet
Balance sheet 2024 2023 2024 2023 SEK million 31-dec 31-dec SEK million 31-dec 31-dec ASSETS EQUITY Fixed assets Equity Intangible assets Share capital 1 0 Goodwill 174 181 Equity attributable to parent company's shareholders 4 574 3 046 Other intangible assets 4 1 Equity attributable to non-control
Slide 19: Cash flow statement
Cash flow statement 2024 2023 2024 2023 SEK million Oct-Dec Oct-Dec Jan-Dec Jan-Dec Operating activities Earnings before tax 108 -91 86 -120 Adjustments for items not included in the cash flow -49 115 41 219 Financial items 11 9 -5 0 Realised change in value of investment properties 0 0 0 0 Unrealis
Slide 20: Prisma Properties
PRISMA PROPERTIES