Intea Fastigheter Ab Class B · OMXSTO:INTEA_B
Intea Fastigheter Ab Class B — Q2 2025 Earnings Presentation
18 slides from Intea Fastigheter Ab Class B's earnings presentation, Jul 11, 2025
Slide 1: Interim report Q2 2025
Interim report Q2 2025 Investor presentation July 11, 2025
Slide 2: Intea in brief
INTEA IN BRIEF Key events in Q2 2025 Rental income, SEKm Surplus ratio Loan To Value Average yield1 • Intea took over custody unit project in Västerås (estimated annual contracted rent of approx. 717 83.8% 46.8% 5.5% SEK 225m) (584) (82.0%) (57.8%) (5.2%) • New projects of approx. SEK 1.9bn with the
Slide 3: Strong growth from property management
STRONG GROWTH FROM PROPERTY MANAGEMENT SEKm Q2 2025 Q2 2024 Rental income Rental income 361 291 +24.0% NOI 307 242 (+2.1%) 1 Net financial items -84 -90 Profit from Property Management 207 126 NOI Changes in value Investment properties 143 7 +26.9% Changes in value Derivate instruments -286 -13 (+1.
Slide 4: Key events during and after Q2 2025
KEY EVENTS DURING AND AFTER Q2 2025 Justice Custody unit project, Västerås Police facility project, Gävle Completion : Q3 2028 Completion : 2030 Lettable area: 34,6 tsqm Lettable area: 33 tsqm Rental value: SEK 225 m1 Rental value: SEK 104m2 WAULT: 20 years WAULT: 15 years Estimated investment: SEK
Slide 5: Completed projects during Q2 2025
Completed projects during Q2 2025 Completed project, Healthcare Investment, SEKm Rental value, SEKm 260 20 Lettable area, sqm WAULT, years 6 900 15 Completed project, Justice Investment, SEKm Rental value, SEKm 400 1021 Lettable area, sqm WAULT, years 7 400 6 CONFIDENTIAL Linköping, Smedstad 1:21, O
Slide 6: Selection of ongoing projects
SELECTION OF ONGOING PROJECTS Justice Police facility, Gothenburg1 Prison, Kristianstad, phase 1 and 2 Prison, Viskan3 Estimated completion by the first half of 2027 Estimated completion, Q2 2026/Q2 20292 Estimated completion, Q1 2027 Lettable area: 22.0 tsqm Lettable area: 39.0 tsqm Lettable area:
Slide 7: Project pipeline as per Q2 2025
PROJECT PIPELINE AS PER Q2 2025 Estimated additional rental value1… …through investments and acquisitions in core categories SEKm Share of estimated Average lease period Estimated total investment2 (lettable area) NOI Other Public <10 yrs Other Public 2 458 5% 2% 4% 2 295 10-15 yrs 2 076 1 945 27% 1
Slide 8: High share of public tenants
HIGH SHARE OF PUBLIC TENANTS Share of public tenants and WAULT Lease expiry profile, share of contracted rent public tenants, % 98,0% 9,0 50% Target: >90% 96,0% 8,0 40% 94,0% 7,0 92,0% 30% 6,0 90,0% 20% 5,0 13,8% 13,6% 88,0% 4,0 10% 7,0% 6,5% 86,0% 4,7% 0,1% 84,0% 3,0 0% Q3 2023 Q4 2023 Q1 2024 Q2 2
Slide 9: Increased earning capacity
INCREASED EARNING CAPACITY SEKm July 1, 2025 April 1, 2025 Rental income NOI Profit from Property Rental income 1 533 1 401 Management +9,4% +10,8% +17,2% NOI 1 318 1 189 Net financial items -339 -343 Profit from Property Management 916 781 Dividend Class D shares -118 -118 Profit from property mana
Slide 10: Increased property value
INCREASED PROPERTY VALUE Property value and yield, SEKm and % 28 000 5,8% 26 000 5,6% 5,5% 24 000 5,4% 5,3% 5,3% 22 000 5,2% 5,2% 5,2% 5,2% 5,2% 20 000 5,0% 4,9% 18 000 4,8% 16 000 4,6% 14 000 4,4% Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Property value, SEKm Yield, % 1) Based
Slide 11: Solid cashflow from operations
SOLID CASHFLOW FROM OPERATIONS Cashflow from operating activities before changes in working capital, SEKm 200 700 600 150 500 400 100 300 50 200 100 0 0 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Cashflow from operating activities (quarter), SEKm (left) Cashflow from operating a
Slide 12: Strong financial position
STRONG FINANCIAL POSITION Loan-to-value ratio, % Interest coverage ratio, x Net Debt/EBITDA Target: 4,0 4,0 18 70,0% Target: 50-55% Not exceed 60% > 2.0x in long term 15,7 16 60,0% 14,7 14,8 14,4 13,8 3,0 14 3,0 2,9 3,0 12,4 50,0% 2,7 2,7 12 11,5 2,5 10,6 10,6 10,8 2,4 2,4 10,1 10,2 2,3 9,6 9,8 9,6
Slide 13: Strong track record bodes well for continued growth
STRONG TRACK RECORD BODES WELL FOR 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-share2 11 600 50,00 0,90 3,80 10 600 49,03 49,19 49,00 0,80 3,60 9 600 0,70 3,40 48,00 3,23 3,20 8 600 47,47 0,60 47,00 3,03 3,
Slide 14: High share of interest rate hedging
HIGH SHARE OF INTEREST RATE HEDGING Interest rate term structure, SEKm and % Capital commitments and fixed-rate period, years 8 000 4,00% 5,0 4,9 4,6 4,5 7 000 3,26% 3,50% 2,81% 4,0 6 000 3,00% 3,6 2,58% 3,5 2,48% 5 000 6 000 2,50% 3,0 3,0 2,7 2,8 2,8 2,07% 2,6 2,6 2,4 2,5 4 000 2,00% 2,5 2,4 2,4 2,
Slide 15: Debt structure with good mixture
DEBT STRUCTURE WITH GOOD MIXTURE Debt structure and interest rate, SEKm and % Credit term structure, SEKm 5,00% 7 000 14 000 6 000 12 000 2 505 4,00% 700 Unutilised credit facilities, SEKbn 3 003 5 000 910 10 000 3,43% 3,34% 3,27% 3,31% 4 950 3,15% 3,00% 4 000 5.1 8 000 2,89% 2,95% 2,78% 3 000 3 003
Slide 16: Attractive credit margins
ATTRACTIVE CREDIT MARGINS Credit margins 200 180 160 140 120 100 80 60 40 20 0 0,0 1,0 2,0 3,0 4,0 5,0 6,0 Time to Maturity (Years) Intea (07/07/2025) Investment grade credit rating shall be maintained Long-term rating BBB Outlook Watch stable Short-term rating N-3 16 Halmstad, Fanan 55, University
Slide 17: Continued growth through projects and new acquisitions
CONTINUED GROWTH THROUGH PROJECTS AND NEW ACQUISITIONS • Stable business model provides solid foundation, even in challenging times • New capital supports growth while maintaining flexible and well-balanced capital structure • Acquisition of portfolio of security assets strengthens already strong po
Slide 18: 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