Swedish Logistic Property Ab Class B · OMXSTO:SLP_B
Swedish Logistic Property Ab Class B — Q3 2024 Earnings Presentation
18 slides from Swedish Logistic Property Ab Class B's earnings presentation, Oct 17, 2024
Slide 1: Interim Report Jan-Sep 2024, Presentation
INTERIM REPORT JAN-SEP 2024, PRESENTATION ”Continuous development ensures value creation” Tommy Åstrand, CEO Matilda Olsson, CFO
Slide 2: Agenda
Agenda 1 Summary of January to September 24 2 About SLP 3 Property Portfolio 4 Financial Development 5 Summary 6 Q&A Swedish Logistic Property – Interim Report January – September 2024, presentation 2
Slide 3: Summary of January to September 24
Summary of January to September Summary of January to September 24 Rental income Net operating income Profit from property management Loan-to-value ratio +20 % +23% +26% 39.1 % SEK 516 m (430) SEK 445 m (362) SEK 286 m (228) Net asset value per share Transactions during the period Sustainable financ
Slide 4: About SLP
About SLP About SLP Business concept and goals Property portfolio as of Q3 2024 Geographical presence ▪ SLP – Swedish Logistic Property – shall acquire, develop and manage logistic properties with a focus on sustainability. 107 Number of properties ▪ Overarching goal – To generate 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 9 2 043 Acquired properties 2 000 1 504 1 500 1 288 971 1 000 506 500 -500 0 -144 -9 113 tsqm 2019 2020 2021 2022 2023 202
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 Signalen 5 Rubinen 5 Ackumulatorn 1 Stödstorp 2:22 New construction New construction Conversion and New construction extension SEK 13.7 m 18.1 tsqm
Slide 8: Property portfolio: Tenants
Property portfolio Tenants Stable CPI-indexed rental income from large tenants with long leases 10 largest tenants 96% Letting ratio 10 largest tenants, share of annual rent 26% Other tenants, share of annual rent 99% Indexed annual rent SEK 23.5 m Net rental income 74% 0 5.9 years Remaining tenancy
Slide 9: Sustainability – goals and goal attainment (Planet)
Property portfolio Sustainability – goals and goal attainment Goals - Planet Goal attainment 30 September 2024 Certification, new production Solar cells ONGOING 100 162 16,9 % 150 100 percent environmentally certified new 10,6 production All new production managed by the company itself shall be 2023
Slide 10: Sustainability – goals and goal attainment (People, Business)
Property portfolio Sustainability – goals and goal attainment Goals - People Goal attainment 30 September 2024 ONGOING 100 >45 eNPS* eNPS* The Board Group management Other employees GOAL 2025 Gender equality in professional categories A 40/60 gender distribution 2 Woman (33%) 1 Woman (33%) 4 Women (
Slide 11: Financial goals and outcome
development Goals and outcome Financial Overarching goals Financial risk limitations To generate average annual growth in NAV per share of at least 15% and Minimum interest cover of 2.5 x annual average growth in profit from property management per share of Maximum long-term loan-to-value ratio of 5
Slide 12: 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 01/10/2024 01/01/2024 01/01/2023 01/01/2022 31/12/2020 31/12/2019 627 Rental income 730* 6
Slide 13: 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 2024 2023 2024 2023 2023 +20% +26% SEK m Jul-Sep Jul-Sep Jan-Sep Jan-Sep Jan-Dec Rental income 181 150 516 430 585 51
Slide 14: 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 30/09/2024 30/09/2023 31/12/2023 ASSETS Change in investment properties SEK m Non-current assets 12,446 Investment properties 1
Slide 15: Financing - only secured bank financing with Nordic banks
Financing - only secured bank financing development Financial with Nordic banks Loan portfolio 3,0 2,7 5,0% 2,5 2,3 4,1% 3,8% 4,0% 1.47% Average credit margin 1,8 1,9 2,0 2,0 1,7 3,2% 3,0% 1,5 Proportion of loans with interest rate hedging via 1,0 2,0% 80% derivatives 0,5 1,0% 0,0 0,0% 2022-12 2023-
Slide 16: Shareholders as of September 2024
Shareholders as of 30 September 2024 Shareholders as of 30 September 2024 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 11.9 21.5 Peter Strand through companies 12,281,125 14,687,885 26,969,010 10.4 1
Slide 17: Summary
Summary Summary Continued strong demand for logistics areas, indexed rental agreements and remaining SLP still active in the transactions market tenancy period of 5.9 years Good opportunities to continue our growth Well prepared for completing further journey with secured bank financing on acquisiti
Slide 18: Questions?
INTERIM REPORT JAN-SEP 2024, 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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