John Mattson Fastighetsforetagen Ab · OMXSTO:JOMA
John Mattson Fastighetsforetagen Ab — Q2 2024 Earnings Presentation
19 slides from John Mattson Fastighetsforetagen Ab's earnings presentation, Jul 12, 2024
Slide 1: Q2 2024
Slide 2: Presentation 12 July 2024
Presentation @2 12 Julv 2024 Per Nilsson, Ebba Pilo Karth CEO CFO JohnMattson
Slide 3: Summary Q2 2024
Summary Q2 2024 Continued strong growth in income from property management * year-on-year growth of 50.8% * Change in property values returns to positive trend * up 1.1% for the quarter * Sale of the residential property Fulufjallet 1 in Alvik based on an underlying property value of SEK 93 million
Slide 4: Partnership with Stockholm Exergi for sustainable energy system
Partnership with Stockholm Exergifora 3 sustainable energy system in Stockholm Investment to support the transition of Stockholm Exergi’s district heating production to net-zero emissions + Initially, by phasing out fossil fuels Sustainability ¢ Ultimately through carbon capture. Annual reduction of
Slide 5: Property portfolio
Property portfolio 4 9 9 Norrort 4 82: property of the lettable management area areas is housing Lidingé 9 * City/Bromma 9 4,324 345 ’ : apartments thousand sq m © Sta lettable area Séderort/Nacka 9 9
Slide 6: Total development portfolio
Project Area Status Total development portfolio
Slide 7: Slide 7
Slide 8: Goal fulfilment
Goal fulfilment 7 Q2 2024 compared with Q2 2023 Net operating income up 5.3% Growth in income from * Rent negotiations completed for all housing property management + Positive commercial net lettings of approx. SEK 7 million 50.8% in total + Lower costs from energy optimisation down 24.6% per share
Slide 9: Income statement summary
2024 2023 2024 2023Rolling 12 months 2023 Amounts in SEK m Jul 2023–Jun Apr–Jun Apr–Jun Jan–Jun Jan–Jun Jan–Dec 2024
Slide 10: Change in property value
Change in property value 2024 2023 2023 sek billion % of %ot % of 13.6 Amounts in SEK m opening Jan-Jun SPENT Jan-Jun OPEPIND Jan-Dec 7 property perty property valve valve value 0.3 0,4 Opening property value 13,567.60 15,695.50 15,695.50 + Acquisitions 0 0 0 + Investments in new builds 0% 337 1% 88
Slide 11: Consolidated balance sheet
Consolidated balance sheet Amounts in SEK m 30 Jun 2024 30 Jun 2023 31 Dec 2023 ASSETS: Investment properties 13,634.0 14,495.50 13,567.60 Derivatives 136.6 248 69.0 Other assets 5714 447.4 492.1 Cash and cash equivalents 371.2 154.6 433.7 TOTALASSETS 14,7133 15,3455 14,5624 EQUITY AND LIABILITIES E
Slide 12: Loan maturity and fixed-interest period
Loan-to-maturity Average interest rate at the end of the quarter 2 000 1 500 1 000 500 0 Fixed-interest period 3 000 2 500 2 000 1 500 1 000 500 0
Slide 13: Earnings capacity
Earnings capacity Amounts in SEK m 30 Jun 2024 Rental value 660.1 Vacancies and discounts” -19.0 Rental revenues 641.1 Operating expenses -132.0 Maintenance expenses -15.1 Property tax 13.5 Property administration -18.5 Net operating income 462.0 Central administration costs 49.7 Net financial items
Slide 14: Outlook
Outlook * Much suggests that housing in attractive locations has regained its strength. * Renttrend * Rental potential * Conversion potential
Slide 15: Historically, housing has been compensated for inflation
Historically, housing has been compensated (4 for inflation Comparison of historical and forecast rent adjustments! and CPI? ~%- 10 9 —Rental adjustment —=CPI Forecast 8 7 Average 2001-2022: 1.7% a 6 Average 2002-2023: 1.7% 5 4 3.9% 3 2 1 0 1 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20
Slide 16: Standardised rents and willingness to pay
3 500 3 000 2 500 2 000 1 500 1 000 500 0 1. All rents comprise standardised rents (2 bedrooms, 77 square metres). Source willingness to pay: Evidens
Slide 17: 70 000
70 000 60 000 50 000 40 000 30 000 20 000 10 000 0
Slide 18: yah as rp mags
a4 yah as rp mags Sy ik nected generations = Wale
Slide 19: Questions
Questions JohnMattson
John Mattson Fastighetsföretagen — Q2 2024 Earnings Presentation on 6ix