Stenhus Fastigheter I Norden Ab · OMXSTO:SFAST
Stenhus Fastigheter I Norden Ab — Q2 2025 Earnings Presentation
21 slides from Stenhus Fastigheter I Norden Ab's earnings presentation, Aug 21, 2025
Slide 1: Q2 2025 Presentation
STENHUS Fastigheter Q2 2025 Presentation
Slide 2: Table of contents
Table of contents 1. Introduction to Stenhus Fastigheter 2. Property portfolio 3. Financials Today’s presenters Elias Georgiadis Mikael Nicander Tomas Georgiadis CEO & Board member Deputy CEO CFO 2 Q2 2025 Presentation
Slide 3: 1. Introduction to Stenhus Fastigheter
1. Introduction to Stenhus Fastigheter
Slide 4: Key takeaways
Key takeaways Profit from property management (SEKm) / Property management earnings per share (SEK) Operational goals Q2 Profit from property management (SEKm) Property management earnings per share (SEK) • By owning, developing and managing properties, • Rental income amounted to SEK 251 m (258). 9
Slide 5: Stenhus Fastigheter in brief
Stenhus Fastigheter in brief Key ratios 2025-06-30 Geographical footprint, % of portfolio value Company overview Market value per region Clear focus on sustainable growth, Stockholm 35% MSEK 1 073 MSEK 421 West 32% operating cash flows, and lease Mälardalen 24% 13.4 durations. Rental income1 Earnin
Slide 6: Historical development
Historical development Historical development of Stenhus Fastigheter Stenhus Fastigheter’s targets Property value Q2 2022–Q2 2025 2025-06-30 14,2 14,3 13,9 13,7 13,3 13,6 13,4 13,5 13,4 13,0 13,0 13,2 12% Inc Mgmt. result over a business cycle 12% ROE over a business cycle 7,8 LTV < 60% currently 56
Slide 7: Long-term strategy supported by a value-creating business model
Long-term strategy supported by a value-creating business model Business model and strategy Light industrial/ logistics – Long-term strategy is to manage all properties and projects in-house to enable maximum customer knowledge and customer satisfaction and thus deliver in line with the Company’s bu
Slide 8: Sustainability efforts
Sustainability efforts Sustainability efforts are based on the UN Sustainable Development Goals STENHUS VALUE CHAIN ION FOR EAT FU Environmental efficiency Business ethics CR – Renewable energy – Anti-corruption UE TU LE VAL RE – Energy efficiency – Code of Conduct G E N ERA – Sustainability certifi
Slide 9: Selected projects
Selected projects Stenhus continuously work to identify development opportunities and unused building rights within the stock in order to create additional value and facilitate long-term contractual relationships Svanholmen 1, Stockholm Librobäck 18:6 mfl, Uppsala Vattumannen 3, Norrtälje City: Segm
Slide 10: 2. The property portfolio
2. The property portfolio
Slide 11: Critical mass of high quality assets in strong property markets
Critical mass of high quality assets in strong property markets 134 properties with a total market value of SEK 13 356 m Rental income Market value per segment Rental income per segment Light industrial/logistics 54% Light industrial/logistics 55% Grocery 16% Grocery 17% Public 21% 13.4 Public 17% b
Slide 12: Diversified tenants and solid WAULT of 6.1 years
Diversified tenants and solid WAULT of 6.1 years Top 15 largest tenants, rental income1 , accounted for 41.7% of rental income Lease maturity structure by rental income1 Number of Wault, Annual rent Tenant Area, sq.m contracts2 year Number of Share of Alstom Rail Sweden AB 24 906 2 6.3 Maturity year
Slide 13: Selected properties
Selected properties Tyresö Forellen 19 Stockholm Ivalo 1 Botkyrka Samariten 1 Norrtälje Vattumannen 2,3 &4 Västerås Finnslätten 6 Eskilstuna Skiftinge 1:5 & 1:6 Tibro Hammaren 1 Skövde Personbilen 1 Kungsbacka Hede 3:122 13 Q2 2025 Presentation
Slide 14: Selected projects
Selected projects Stenhus continuously work to identify development opportunities and unused building rights within the stock in order to create additional value and facilitate long-term contractual relationships Skiftinge 1:5 & 1:6 Köpmannen 7 City: Eskilstuna Segment: Non food retail/grocery store
Slide 15: 3. Financials
3. Financials
Slide 16: Income statement
Income statement Consolidated income statement Rental income and EBITDA, reported (MSEK) Rolling Rental income, reported 2025 2024 2025 2024 12 months 2024 EBITDA, reported April- April- Jan- Jan- July 2024- jan- 268 268 265 (SEKt) June June June June June 2025 dec 258 257 247 245 251 239 241 Rental
Slide 17: Current earning capacity and Financial targets
Current earning capacity and Financial targets Earnings capacity long term as of Q2 2025 Financial targets Target Policy Outcome Loan-to-value < 60% 55.8% 1 073 -68 1 006 -206 Net loan-to-value1 < 55% 52.5% Equity ratio > 35% 41.8% 800 -64 Interest coverage ratio > 2.25x 2.03x 12 -327 Average durati
Slide 18: Balance sheet
Balance sheet Assets Equity and Liabilities (SEKt) 2025-06-30 2024-06-30 2024-12-31 (SEKt) 2025-06-30 2024-06-30 2024-12-31 Investment properties 13 355 790 13 557 431 13 395 030 Share capital 371 779 370 629 371 779 Plot and right of use assets 199 558 197 542 198 498 Other capital contributions 4
Slide 19: Debt financing and capital structure at a glance
Debt financing and capital structure at a glance Net Loan to Value Debt maturity structure (MSEK) ¹ Gross LTV Net LTV Target of Net LTV below 55% 5 353 57% 57% 57% 57% 56% 56% 56% 56% 56% 55% 55% 55% 55% 55% 55% 53% 53% 53% 53% 54% 53% 54% 53% 53% 51% 46% 71% 1 389 570 203 18% 3% 8% June 30 2022 Sep
Slide 20: Shareholders and Calendar
Shareholders and Calendar Largest shareholder 2025-06-30 Calendar Number of Shareholder shares Percent Sterner Stenhus Holding AB 90 698 818 24.4 Fastighets AB Balder 74 601 354 20.1 Interim report Year-end Report Annual Report Investment AB Öresund 33 016 084 8.9 Q3 February 19 April 23 Länsförsäkr
Slide 21: STENHUS Fastigheter
STENHUS Fastigheter
Stenhus Fastigheter i Norden — Q2 2025 Earnings Presentation on 6ix