Toivo Group Oyj · OMXHEX:TOIVO
Toivo Group Oyj — Q1 2024 Earnings Presentation
17 slides from Toivo Group Oyj's earnings presentation, May 15, 2024
Slide 1: Toivo Group Plc's Business Review 1 January–31 March 2024
Toivo Group Plc’s BUSINESS REVIEW 1 January–31 March 2024 CEO Markus Myllymäki CFO Samuli Niemelä 15 May 2024 1
Slide 2: Event main points
Event main points • A brief look at the review period • Key figures • Q1/24 key figures • Strategy review • The outlook of the operating environment • Starting projects against the tide • Sale of a portfolio of family apartments • Outlook 15 May 2024 2
Slide 3: January–March 2024 in brief
January–March 2024 in brief • Revenue EUR 10.3 million (EUR 13.6 million), -25% • Operating profit EUR 1.2 million (EUR 2.8 million), -57% • DEVELOPMENT: Contracts for 0 (50) new apartments • CONSTRUCTION: Construction of 0 (0) apartments was started • OWNERSHIP: 72 (91) apartments were completed •
Slide 4: Key figures
Key figures* 1 January–31 1 January–31 EUR thousand March 2024 March 2023 Change, % Revenue 10,268 13,637 -25% Operating profit 1,181 2,772 -57% Operating profit without changes in values 1,181 2,772 -57% of investment properties Profit or loss for the financial year 81 1,579 -95% Earnings per share
Slide 5: Business Model – Situation March 2024
" © Situation 31 March 2024 <s (— ; Toivo's a K\ Business Model ie: Ownership/ Selling _ @ 923 apartments J Construction e 117 apartments under construction e@ approx. MEUR 30 Ownership/Sales margin — Development Construction margin © approx. 3,200 apartments land portfolio © approx. MEUR 680 Develo
Slide 6: Strategy
Strategy Development Construction Ownership/selling Typical duration 2–4 years Typical duration 1 year Typical duration 50+ years approx. 0–5% of the approx. 20% of the approx. 40% of the Equity tied up Equity tied up Equity tied up project project project Return on equity* approx. 0–50% Return on e
Slide 7: The outlook of the operating environment
The outlook of the operating environment 12-month 12-month Autumn 2022 outlook Spring 2024 outlook (approx. 2–3%) Interest (approx. 3–4%) Interest rates Interest rates Negative (-) Positive (+) rates rising falling Number of completed A large number of The number of completed Negative (-) Positive (
Slide 8: We will start projects against the tide!
We will start projects against the tide! In our view, the following factors: Change in population in Helsinki metropolitan area Housing start-ups in Finland • The net migration gain in the Helsinki metropolitan 47000 area • The halt to housing start-ups 36400 • The falling interest rate market 24000
Slide 9: Sale of a portfolio of family apartments
Sale of a portfolio of family apartments On 8 May 2024, Toivo sold a portfolio of five residential properties and 117 apartments to Novus Family Homes Plc. The family apartment portfolio consisted of terraced houses and semi-detached houses with the following characteristics: 1. A private yard 2. Pr
Slide 10: Financial prospects
Financial prospects PROSPECTS FOR 2024 FINANCIAL TARGETS 2024–2026 • The company expects the operating • Non-current net assets per share (Net asset value, profit without changes in values of NAV/share) will increase significantly every year. investment properties for the financial • Operating profi
Slide 11: Thank you!
Thank you! Markus Myllymäki Samuli Niemelä CEO CFO +358 (0)40 847 6206 +358 (0)50 430 3483 markus.myllymaki@toivo.fi samuli.niemela@toivo.fi 15 May 2024 11
Slide 12: Appendices
Appendices
Slide 13: Appendix 1. Key figures 31 March 2024
Appendix 1. Key figures 31 March 2024* Group, EUR thousand 1–3/2024 1–3/2023 Change Revenue 10,268 13,637 -3,369 Lease income 2,090 1,495 595 Net lease income 1,455 1,089 366 Operating profit 1,181 2,772 -1,591 Operating profit without changes in values of investment properties 1,181 2,772 -1,591 Ca
Slide 14: Group income 1–3/2024
Group income 1–3/2024 * Consolidated income statement Group’s statement of comprehensive income 1 January–31 1 January–31 1 January–31 1 January–31 EUR thousand March 2024 March 2023 EUR thousand March 2024 March 2023 Revenue 10,268 13,637 Financial year profit (loss) 81 1,579 Changes in the fair va
Slide 15: Consolidated balance sheet 31 March 2024
Consolidated balance sheet 31 March 2024 * EUR thousand 31 March 2024 31 March 2023 EUR thousand 31 March 2024 31 March 2023 ASSETS EQUITY Non-current assets Share capital 1,000 1,000 Investment properties 139,699 163,934 Subordinated loans 17,302 17,280 Right-of-use assets 84 18 Share premium accou
Slide 16: Important information
Important information This material has been prepared for discussion purposes only and may not be copied, reproduced or redistributed to any other person, not whole nor in part, without the prior written consent of Toivo Group Plc (“Company”). All the information presented herein is on a general lev
Slide 17: investors.toivo.fi
investors.toivo.fi