Slide 1: Establishing a Nordic leader in logistics, warehouse and industrial properties
Establishing a Nordic leader in logistics, warehouse and industrial properties 14 June 2024
Slide 2: Introduction
Introduction
Slide 3: Introduction
Introduction ▪ Logistea AB (publ) (“Logistea”) and KMC Properties ASA (“KMCP”) have today entered into an agreement whereby Logistea will combine with KMCP ▪ The combination is executed by Logistea acquiring all the shares in the property-owning subsidiary of KMCP (“KMC HoldCo”) with payment in newl
Slide 4: Strong shareholder support for the combined company
Strong shareholder support for the combined company Shareholder support in Logistea Shareholder support in KMCP Supports the Supports the Selected owners supporting the transaction Capital, % Votes, % Selected owners supporting the transaction Capital, % Votes, % transaction transaction Slättö 19.8%
Slide 5: Indicative timeline
Indicative timeline Announcement of the combination, EGM notices and bondholder 14 June approval process in KMCP 28 June Written bondholder resolution concluded in KMCP 5 July EGM in KMCP 9 July EGM in Logistea 11 July Prospectus approved and published Delivery and listing of newly issued shares in
Slide 6: Introduction to Logistea and KMCP
Introduction to Logistea and KMCP
Slide 7: Logistea in brief
Logistea in brief Logistea at a glance Property information Contracted rental income by category SEK 6.2bn Portfolio value Industrial and production 6% 5% E-commerce 7% 45% Logistics 8.3 years 17% Food industry WAULT Insulation and construction 20% Other SEK 402m Annualised rental income Contracted
Slide 8: KMCP in brief
KMCP in brief KMC Properties at a glance Property information 3% 3% Norway SEK 6.9bn 5% 5% Denmark Sweden Portfolio value Contracted rental 7% 48% Netherlands income by country 14% Finland Germany 15% 11.5 years Belgium Poland WAULT BEWI 19% Insula SEK 521m Contracted rental 7% Grøntvedt Annualised
Slide 9: Transaction rationale
Transaction rationale
Slide 10: Establishing a Nordic leader in logistics, warehouse and industrial properties
Establishing a Nordic leader in logistics, warehouse and industrial properties Combined Company highlights(a) Property locations 145 ~97% Contracted rental income value by country(a) Properties Occupancy rate 2% 1% 3% 3% SEK ~13.1bn SEK 949m 4% Total property value Rental value 8% 52% ~10.1 years SE
Slide 11: Significant increase in size
Significant increase in size Property values(a), SEKbn Market cap(b), SEKbn Cibus, Corem, Platzer, Diös, Fastpartner and NP3 part of EPRA index 59.8 14.0 13.0 12.5 10.8 9.6 8.7 32.6 7.8 6.5 5.3 5.5 20.4 4.7 4.9 4.0 4.0 4.1 4.3 13.1 3.5 12.4 3.0 10.1 6.9 7.5 6.2 Logistea KMCP Emilshus SLP Stendörren
Slide 12: Potential to realise synergies in the near-term
Potential to realise synergies in the near-term Financial and operational synergies to create shareholder value P ▪ The combined company will be significantly larger, which improves the Financing synergies to be verified Financial conditions for financing synergies and quantified post closing P ▪ Po
Slide 13: Management and Board of Directors in the combined Company
Management and Board of Directors in the combined Company Executive management group Board of Directors Niklas Zuckerman Anders Nordvall Stig Wærnes Patrik Tillman Bjørnar André Ulstein Mia Arnhult Karl-Erik Bekken CEO CIO / Deputy CEO Acting COO and Chairman Deputy Chairman Board member Board membe
Slide 14: Capitalisation table
Capitalisation table Ownership in Logistea pre combination Ownership in the combined company post combination Shareholder Capital, % Votes, % Shareholder Capital, % Votes, % 1 Slättö 19.8% 22.0% 1 BEWI Invest AS 17.7% 17.7% 2 Rutger Arnhult 12.5% 12.4% 2 Nordika 14.5% 14.7% 3 Nordika 11.7% 12.1% 3 R
Slide 15: Summary of combination rationale
Summary of combination rationale Operational and financial motives Operational motives Financial motives P Economies of scale and increased interest as a significantly larger real estate company P Combined property value exceeding SEK 13bn P Nordic presence – possible to continue growing in multiple
Slide 16: Key metrics
Key metrics Logistea KMCP Combined Property related(a) No. of properties 73 72 145 Property value, SEKm 6,186 6,947 13,133 Rental value, SEKm 419 530 949 Lettable area, ksqm 672 715 1,387 Economic occupancy rate, % 95.9% 98.5% 97.4% WAULT, years 8.3 11.5 10.1 Net initial yield, % 6.3% 7.5% 6.9% Fina
Slide 17: Current earnings capacity
Current earnings capacity Logistea KMCP SEKm 31 Mar 2024 Logistea adjusted(a) 31 Mar 2024 KMCP adjusted(b) Combined(c) Investment properties Rental value 404 419 489 530 949 Operation supplements 68 68 - - 68 Vacancy -17 -17 -8 -8 -25 Property costs -105 -105 -5 -5 -110 Project properties Rental val
Slide 18: Norway Sweden United Kingdom
Norway Sweden United Kingdom Denmark ABG Sundal Collier ASA ABG Sundal Collier AB ABG Sundal Collier Ltd. ABG Sundal Collier ASA Pb. 1444 Vika Box 7269 St Martins Court Copenhagen Branch Ruseløkkveien 26 Regeringsgatan 25 5th floor Forbindelsesvej 12, St. 8th floor 8th floor 10 Paternoster Row DK-21