John Mattson Fastighetsforetagen AB · OMXSTO:JOMA
John Mattson Fastighetsforetagen AB — Q2 2023 Earnings Presentation
13 slides from John Mattson Fastighetsforetagen AB's earnings presentation, Aug 17, 2023
Slide 1: Q2 2023
Q2 2023
Slide 2: Presentation Q2
1 Presentation Q2 17 August 2023 Per Nilsson, Lars Ingman CEO acting CFO
Slide 3: Goal fulfillment Q2 2023 versus Q2 2022
Goal fulfillment 2 Q2 2023 versus Q2 2022 -38% growth -14% growth in income from in net asset value property management
Slide 4: Significant events in Q2 2023
Significant events in 4 Q2 2023 • Transfer of one property in Lidingö with an underlying property value of SEK 525 million. • The company’s CFO stepped down and has been replaced by an interim CFO until further notice.
Slide 5: Property portfolio
Property portfolio 5 4 82% property of the lettable area management is housing areas 4,294 345,000 apartments sq m lettable area
Slide 6: Development projects
Development 6 projects Project Area Number of apartments Status Possible Const. start Gengasen, Örby South Stockholm/Nacka 129 Production Ongoing Detailed Devel. Geografiboken, plan in force Abrahamsberg City/Bromma 80 2024 Detailed Devel. Finnboda, plan in force Nacka South Stockholm/Nacka 20 2024
Slide 7: Key metrics January–June 2023
Key metrics 7 January–June 2023 • Property value: SEK 14.5 billion • Investments: SEK 190 million • Rental value: SEK 622 million • Rental value /sq m: SEK 1,802 • Inc. from Prop. Mgmt: SEK 58.2 million • NAV: SEK 6.0 billion • Loan-to-value ratio: 57.2%
Slide 8: Income from property management
Income from property 8 management -38.0% income from property management per share 95.7% economic occupancy rate Net operating income, SEK m Income from property management, 450 SEK m 400 180 350 160 300 250 140 120 68.9% surplus ratio 200 100 80 150 60 100 40 50 20 0 0 2019 2020 2021 2022 Q2 23 201
Slide 9: Property value & net asset value
Property value & net asset value 9 SEK 14.5 billion in property value 18 000 180 16 000 160 14 000 140 SEK 100 million 12 000 120 invested SEK million 10 000 Q2 2023 SEK/share 100 8 000 80 6 000 60 4 000 40 -14% average growth 2 000 20 in net asset value per share 0 0 2011 2012 2013 2014 2015 2016 2
Slide 10: Financing
Financing 10 57.2% loan-to-value ratio 1.5x interest coverage ratio 10 000 70 3,5 3,5 9 000 60 3,0 3,0 8 000 7 000 50 2,5 2,5 SEK million 6 000 40 2,0 2,0 multiple 5 000 % % 4 000 30 1,5 1,5 3 000 20 1,0 1,0 2 000 10 0,5 0,5 1 000 0 0 0,0 0,0 2019 2020 2021 2022 Q2 23 2019 2020 2021 2022 Q2 23 Utili
Slide 11: Outlook
Outlook 11 • Preparedness for an uncertain business environment • Energy savings
Slide 12: Great neighbourhoods across generations
12 Great neighbourhoods across generations
Slide 13: Questions
Questions JohnMattson
John Mattson Fastighetsföretagen — Q2 2023 Earnings Presentation on 6ix