Slide 1: Q2 2025 Interim Report Jan-June
Q2 2025 Interim Report Jan-June
Slide 2: Strong growth in IFPM
Intro Operation Portfolio Financing Outlook Strong growth in IFPM Summary April - June 2025 • Economic occupancy at 90% by the end of 2Q25 vs 90% at 1Q25 Operational • Income was SEK 666m 2Q25 compared to SEK 634 2Q24 – due to transactions and finalized projects 1 development • Surplus ratio was 73%
Slide 3: Growth in income from property management
Intro Operation Portfolio Financing Outlook Growth in income from property management SEKm 2025 2024 R12m 2024 ∆% Jan-Mar Jan-Mar Jul24-Jun25 Jan-Dec 1 • Acquisitions are lifting rental income Total income 1 666 634 5 2,582 2,527 • Occupancy rate was 90% Property cost 2 -188 -188 0 -801 -799 2 • Low
Slide 4: Good income diversification
Intro Operation Portfolio Financing Outlook Good income diversification Rental value, type of premises Rental growth 2%6% -0.2% 7% Office 30 2 1 666 Like-for-like rental growth 6% Retail -1 634 9% 56% Hotel/ restaurants Residential 94% Of commercial lease contracts have 14% Health care/ education CP
Slide 5: Solid net letting track record and low tenant concentration risk
Intro Operation Portfolio Financing Outlook Solid net letting track record and low tenant concentration risk • Net letting amounts to SEK 2m for 2Q25 • 6 out of 10 largest tenants are businesses in the national, regional or local government sectors • Positive net letting 24 of 26 latest quarters • T
Slide 6: Yields remains flat in the quarter
Intro Operation Portfolio Financing Outlook Yields remains flat in the quarter SEKm No of properties SEK Portfolio book value by 5,622m Property portfolio, 1 Jan 31,413 323 Business area SEK 2,447m Acquisitions 1,814 6 SEK 6,514m Investments in new builds, extensions and 425 SEK conversions 4,497m S
Slide 7: Sensible investment criteria form basis for accretive growth
Intro Operation Portfolio Financing Outlook Sensible investment criteria form basis for accretive growth • Major projects are built with no speculation Tenant: Social Insurance Agency • All new projects are built according to BREEAM, at least level “very good”, Office, Q2 2024, SEK 206m 4,920 sqm. -
Slide 8: Prudent interest rate management
Intro Operation Portfolio Financing Outlook Prudent interest rate management Financing sources • Average cost of debt lower than marginal cost of debt 13% Bank loan • Committed to keep ICR ≥ 2.0 and LTV <55% long-term 7% SFF bond • Improved margins and good liquidity in the bond market 7% • Bank mar
Slide 9: Conservative balance sheet approach
Intro Operation Portfolio Financing Outlook Conservative balance sheet approach Loan-to-value <55%* Net debt / EBITDA Interest cover ratio ≥2.2 70 13 7,0 Covenant <65% 65 12 6,5 60 11 6,0 Target <55%* 55 10 5,5 50 5,0 9 45 4,5 8 40 4,0 7 35 3,5 6 30 3,0 Target >2.2x 5 25 2,5 4 20 2,0 Covenant >1.5x
Slide 10: Great conditions for economic growth
Intro Operation Portfolio Financing Outlook Great conditions for economic growth • Hydropower • Windpower • Green steel production • Available land • Electro fuel • Cold climate • Forestry • Solid governing structure • Data centres • NATO membership • Military • Attractive 15-min cities 2025-07-04 │
Slide 11: Continued asset rotation to improve long-term growth in IFPM
Intro Operation Portfolio Financing Outlook Continued asset rotation to improve long-term growth in IFPM -SEK 3bn +SEK 3bn Disposed assets Acquired assets Mix of non-core, fully developed and CBD located offices in cities with low-yielding residentials positive growth outlook Målaren 3, Borlänge Skö
Slide 12: High-yielding assets and attractive yield-gap with accretive growth potential
Intro Operation Portfolio Financing Outlook High-yielding assets and attractive yield-gap with accretive growth potential Portfolio running yield Yield gap Market value, Operating surplus, Occupancy Running yield, SEKm SEKm rate, % % 6 29,223 1,635 90 5,6 5 Excl. project properties and land 4 Averag
Slide 13: Invest in Diös
Intro Operation Portfolio Financing Outlook Invest in Diös Unique position in an Long-term profitability Strong stable cash flow attractive market Our business model is based on We own a well-diversified portfolio, in We are the market-leading property owner in continuously developing attractive ter
Slide 14: Q&A
Q&A 14 2025-02-14 │ Q4 2024 Earnings call
Slide 15: Speakers
Intro Operation Portfolio Financing Outlook Speakers David Carlsson, CEO Rolf Larsson, CFO Johan Dernmar, CIRO CEO since 2025 CFO since 2005 Chief Investor Relations Officer since 2023 (in the Shareholdings 11,225 Shareholdings 16,000 company since 2015) Shareholdings 9,255 2025-07-04 │Q2 2025 Earni
Slide 16: Thank you!
Thank you! Contact Johan Dernmar Chief Investor Relations Officer +4610-470 95 20 johan.dernmar@dios.se