Intea Fastigheter Ab Class B · OMXSTO:INTEA_B
Intea Fastigheter Ab Class B — Q1 2026 Earnings Presentation
17 slides from Intea Fastigheter Ab Class B's earnings presentation, Apr 22, 2026
Slide 1: Interim report Q1 2026
Interim report Q1 2026 Investor presentation April 22, 2026
Slide 2: Intea in brief
INTEA IN BRIEF Key events in Q1 2026 Rental income, SEKm Surplus ratio Loan To Value Average yield1) Acquisition of a property in Uppsala with an ongoing project fully leased by a government authority with an estimated investment including 456 81.1% 46.5% 5.8% the acquisition of SEK 266m and annua
Slide 3: Strong development in the quarter
STRONG DEVELOPMENT IN THE QUARTER SEKm Q1 2026 Q1 2025 Rental income Rental income 456 356 NOI 370 294 +28.1% (+2.4%) 1) Central administration -14 -15 Net financial items -92 -81 NOI Profit from property management 264 198 Changes in value investment properties 217 146 +25.9% (+0.7%) 1) Changes in
Slide 4: Key events during and after Q1 2026
KEY EVENTS DURING AND AFTER Q1 2026 Acquisitions Government authority project, Uppsala Police station, Stockholm Lettable area: 6.6 tsqm Lettable area: 6.4 tsqm Rental value: SEK 16.8m Rental value: SEK 25.8m Estimated investment: SEK 266m (including the acquisition) Underlying property value: SEK 4
Slide 5: Selection of ongoing projects
SELECTION OF ONGOING PROJECTS1) Justice Custody unit, Gävle Prison, Kristianstad Custody unit, Västerås Estimated completion, Q1 2030 Estimated completion, phase 1 in Q4 2026 Estimated completion, Q4 2028 Lettable area: 21.9 tsqm Lettable area: 11.2 tsqm Lettable area: 34.6 tsqm WAULT: 25 years WAUL
Slide 6: Development of existing properties
DEVELOPMENT OF EXISTING PROPERTIES Justice Police facility, Linköping Prison, Ånge Prison, Eslöv Estimated completion, Q2 2026 Estimated completion, Q1 2027 Estimated completion, Q4 2026/Q1 2027 Lettable area: 4.2 tsqm Lettable area: 2.9 tsqm Lettable area: 3.8 tsqm WAULT: 6 years WAULT: 18 years WA
Slide 7: Project pipeline as per Q1 2026
PROJECT PIPELINE1) AS PER Q1 2026 Estimated additional rental value2) through the project portfolio, SEKm Estimated investments by category and estimated WALT 2 738 Share of estimated Estimated Average lease period 2 357 (lettable area) 2 227 total investment3) NOI 1 958 940 1 868 427 558 Other Publ
Slide 8: Public sector tenants and long WAULT
PUBLIC SECTOR TENANTS AND LONG WAULT Share of public sector tenants and WAULT Lease expiry profile, share of contracted rent Expiry profile annuity-based rent supplements, 98% 9 public sector tenants, % share of total, %1) 8 96% Average annual indexation 43,4% Annuity-based rent, SEKm 51% 7 94% 6 73
Slide 9: Property value and yield
Skövde, Stora Mörke 18, University PROPERTY VALUE AND YIELD Property value and yield1), SEKm and % 30 000 6,0% 5,9% 28 000 5,8% 5,8% 26 000 5,6% 5,5% 5,5% 24 000 5,4% 22 000 5,2% 5,2% 5,2% 5,2% 5,2% 20 000 5,0% 18 000 4,8% 16 000 4,6% 14 000 4,4% Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 20
Slide 10: Solid cashflow from operations
Växjö, Terminalen 2, Police facility SOLID CASHFLOW FROM OPERATIONS Cashflow from operating activities before changes in working capital, SEKm 300 1100 250 900 200 700 150 500 100 300 50 100 0 -100 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Cashflow from operating activities (qu
Slide 11: Strong financial position
STRONG FINANCIAL POSITION Loan-to-value ratio, % Interest coverage ratio, x Net Debt/EBITDA1) 70,0% Target: 16 Target: 14,8 50-55% 4,0 14,4 > 2.0x in long term Not exceed 60% 3,8 13,8 3,7 14 60,0% 3,4 12,4 12 50,0% 3,0 2,9 10,6 10,6 10,8 10,1 10,2 9,8 9,6 2,7 10 9,3 9,4 2,5 9,0 9,1 40,0% 2,4 2,4 2,3
Slide 12: Continued growth
CONTINUED GROWTH Long-term NAV1) (EPRA NRV), SEKm and SEK per class A and B share Profit from property management, SEK per class A and B share 12 600 58,00 1,20 4,20 1,03 1,06 11 800 0,99 4,00 55,97 56,00 3,94 1,00 11 000 0,85 0,86 3,80 3,74 54,00 0,79 3,60 10 200 53,84 0,80 0,68 3,52 9 400 0,64 3,4
Slide 13: Debt structure with good mixture
DEBT STRUCTURE WITH GOOD MIXTURE Interest rate term structure, SEKm and % 7 000 4,0% 2,67% 3,5% 6 000 3,00% 3,03% 2,57% 2,57% 3,0% 5 000 Financial KPI:s Q1 2026 Q1 2025 4 000 2,04% 2,5% 2,0% Interest-bearing debt, SEKm 13,791 12,318 3 000 5 650 1,5% Average interest rate, % 2.75 2.78 2 000 3 728 1,0
Slide 14: Attractive credit margins
Malmö, Niagara 2, University ATTRACTIVE CREDIT MARGINS Credit spread (mid, bps) Spread Curve Development 140 130 120 110 100 90 80 70 60 50 40 30 20 10 0 0,0 0,5 1,0 1,5 2,0 2,5 3,0 3,5 4,0 4,5 5,0 Years to maturity Intea (01/01/2026) Intea (09/02/2026) Intea (17/04/2026) Investment grade credit rat
Slide 15: Earning capacity
EARNING CAPACITY SEKm April 1, 2026 April 1, 2025 Rental income NOI Profit from property Rental income 1,795 1,402 management +28% +29% +40% NOI 1,529 1,189 Central administration -68 -64 Net financial items -366 -343 Profit from property management 1,095 782 Dividend Class D shares -150 -118 Profit
Slide 16: Continued development according to plan
Kalmar, Eldaren 6, University CONTINUED DEVELOPMENT ACCORDING TO PLAN Solid business model Strong financial position Perception of market positive Future growth possibilities within both existing portfolio and through new acquisitions and projects 16
Slide 17: Subsequent questions can be posted directly to CFO
Subsequent questions can be posted directly to CFO Magnus Ekström by email: magnus.ekstrom@intea.se Charlotta Wallman Hörlin Magnus Ekström CEO CFO +46 733 24 50 25 +46 705 49 86 02 Charlotta.wallmanhorlin@intea.se Magnus.ekstrom@intea.se CONFIDENTIAL