Corem Property Group Ab Class A · OMXSTO:CORE_A
Corem Property Group Ab Class A — Q4 2024 Earnings Presentation
22 slides from Corem Property Group Ab Class A's earnings presentation, Feb 13, 2025
Slide 1: Year-end Report 2024
Year-end Report 2024 13 February 2025
Slide 2: Company Highlights
COMPANY HIGHLIGHTS 2,268 S95 noof Lettable area Property value, Peps tsq.m SEKbn 4,345 >1,000 Rental value, Development opportunities SEKm tsq.m
Slide 3: Slide 3
Slide 4: Customer
Customer stockholm Satisfaction, NKI Property portfolio geographically well focused to attractive locations in major cities Swtoping 75 and growth regions Morrképing (+3) a , , Gothenburg . Portfolio with premises for commercial use . In-house property management + Expertise in property development
Slide 5: Summary January – December 2024
Slide 6: Income
ARS ab, 7 a 7
Slide 7: New lettings
| al jn | _/ New lettings Selection during Q4 2024 ea + Linképing - Swisslog Technology, 1 800 sq.m : i parts bl + Véisterds - Intressanta Hus, 2 600 sq.m
Slide 8: Contract maturity
1200 1000 800 600 400 200 0 2025 2026 2027 2028 2029- Contract maturity Bildresultat för Martin servera logo
Slide 9: Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
3500 3000 2500 2000 1500 1000 500 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 Corem R12 Klövern R12
Slide 10: Value-creating property development and urban development
Value-creating property development = and urban development bd
Slide 11: New York
_ TT ae a New York Two ongoing projects ¢ 1245 Broadway 17 600 sq.m 77% leased ° 28&7 9 300 sq.m 100% leased inrai Epidemic Sound INJECTIVE 3B LABS. 77% MAVIK ANY ellipsis labs ke ® a YN NN NO SS | bE SES SS me) Rae Qe gQey — MME RERER EET a a ee,
Slide 12: Unique Development site at Park Avenue
—— Unique Devel lopment site at Park Avenue * 1,000 sq.m site * Building rights for 33,000 sq.m of new offices ee * Top location in B slacks fl The Plaza District Ts) [te * Ready for development a “BlackRo , ° Free-hold corem
Slide 13: Uppsala Business Park
Uppsala Business Park Urban development LLL ES corem
Slide 14: Property transactions 2022 – 2025 to date
Property transactions 2022 – 2025 to date -7 000 -6 000 -5 000 -4 000 -3 000 • -2 000 • -1 000 • 0 • 1 000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1* 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 Acquisitions Divestments Divestment to associated company Transactions after the period*
Slide 15: Average yield and market value since peak levels
Average yield and market value since peak levels SEKm 90000 7,0% 80000 60% 6,0% 5,9% 5,9% 58% 5,0% 4,0% 3,0% 2,0% 1,0% 0,0% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 mmm Market value SEXm ——Yield 70000 60000 50000 40000 30000 20000 10000 0 corem
Slide 16: Financial position
16 Financial position * Interest-bearing liabilities reduced by SEK 2.2 billion during 2024 + Maintained or improved key figures such as LTV and adjusted equity ratio, despite negative value changes in properties * Redemption and repurchasing of bonds * Divestments made to date, properties with mark
Slide 17: 2017 2018 2019 2020 2021 2022 2023 24 6,0 3,5 5,5 3 5,0 4,5
70 60 50 40 30 20 10 0 2017 2018 2019 2020 2021 2022 2023 2024 6,0 3,5 5,5 3 5,0 4,5 2,5 4,0 3,5 2 3,0 1,5 2,5 2,0 1 1,5 0,5 1,0 2017 2018 2019 2020 2021 2022 2023 2024 0 2017 2018 2019 2020 2021 2022 2023 2024
Slide 18: Outstanding bonds
14 000 16% 4% 15% 14% 14% 15% 15% 18% 12 000 14% 14% 10 000 Unsecured bonds Bank loans 78% Commercial paper 12% 8 000 11% 10% 6 000 10% 1 800 1 675 1 600 1 498 4 000 1 400 1 300 1 200 1 050 1 000 8% 1 000 2 000 800 600 400 200 0 6% 200 0 Feb-25 Sep-25 May-26 Jan-27 Sep-27 Apr-28 Outstanding bonds Ou
Slide 19: Optimizing the financial position & shareholder value
Optimizing the financial position & shareholder value Tools to reach, and later be able to surpass, our financial targets * Continued targeted divestments * Reposition and refinance bonds, optimizing structure as well as bond durations + Repayment of expensive loan structures, restructuring of expen
Slide 20: Sustainability at Corem
For Corem, sustainability means combining economically sustainable business operations with high business ethics, social responsibility and environmental consideration. Working with suppliers as well as tenants we strive to be a positive influence, and to develop sustainable properties and prosperou
Slide 21: Using our strengths
21 Using our strengths Geographically well positioned to growth markets Competitive portfolio in attractive locations Attractive land bank and development possibilities Strong in-house core competences and proven track- record in letting, property development and sustainability | Focus areas Locally
Slide 22: Questions
Questions