Toivo Group Oyj · OMXHEX:TOIVO
Toivo Group Oyj — H1 2022 Earnings Presentation
20 slides from Toivo Group Oyj's earnings presentation, Aug 10, 2022
Slide 1: Toivo Group Plc's Half-Year Review 1 January–30 June 2022
Toivo Group Plc’s HALF-YEAR REVIEW 1 January–30 June 2022 CEO Markus Myllymäki CFO Samuli Niemelä 10 August 2022 1
Slide 2: Event main points
Event main points • Operating profit EUR 13.3 M (EUR 6.0 M), +123% • Review period in short • Change in the operating environment • Directed share issue EUR 3.7 M • Prospects for 2022 unchanged 10 August 2022 2
Slide 3: January–June 2022 in short
January–June 2022 in short • Operating profit EUR 13.3 M (EUR 6.0 M), +123% • DEVELOPMENT: Contracts for 182 (296) new apartments • CONSTRUCTION: 417 (390) apartment start-ups (280 apartments in energy class A) • OWNERSHIP OF APARTMENTS: 242 (95) apartments were completed (158 apartments in energy c
Slide 4: Key figures
Key figures* 1 January–30 1 January–30 EUR thousand June 2022 June 2021 change % Revenue 6,576 7,940 -17% Operating profit 13,318 5,986 123% Profit or loss for the financial year 10,037 4,489 124% Earnings per share (EUR) 0.19 0.10 94% Fair value of investment properties 144,965 77,371 87% Economic
Slide 5: Toivo's portfolio
Toivo’s portfolio TOIVO'S 2 8 2 Sa = ry Ne tH if = Avermgetege year B LU) Ss | N E S Ss Ke) D E L ; Small and efficient —> Average DS apartment size 42 m? yy Helsinki, Turku, Tampere —> 98% of apartments Affordable —> Average rent 825€/month 3. OWNERSHIP High occupancy rate — Over 98% Low maintenanc
Slide 6: Strategic priorities of the apartments
Strategic priorities of the apartments Apartments currently under construction, completed apartments and Toivo’s land portfolio fulfill the strategic priorities as follows: STRATEGIC PRIORITIES Apartments in the New Small and Helsinki metropolitan Affordable High Low maintenance apartments efficient
Slide 7: Toivo's projects on a map
Toivo’s projects on a map Toivo’s project portfolio in the metropolitan area is strong. The locations of the projects in contracts are attractive. Completed Under construction Contracts New contracts 4–6/2022 10 August 2022 7
Slide 8: Project development portfolio
Project development portfolio 1,145 developed residential 800 694 apartments 374 average development ~ 28% margin residential apartments in project PROJECT DEVELOPMENT PLANNING CONSTRUCTION OWNERSHIP c. 1,950 development portfolio CONSTRUCTION leasable area in project PLANNING 1–3 years PERMIT 1 yea
Slide 9: Examples of started sites
Examples of started sites As Oy Vantaan Räätäli As Oy Tuusulan As Oy Vantaan Neliapila As Oy Pirkkalan Veturi • Aviapolis Olympiatalo • Koivuhaka • Solja • Apartment building • Hyrylä • Semi-detached home • Apartment building • 49 apartments • Apartment • 12 apartments • 35 apartments • 2/2024 build
Slide 10: Operating environment of housing investment
Operating environment of housing investment YEAR 2019 INVESTMENT PARAMETERS BUSINESS MODEL • Interest rates below 1% since 2012 Mega-decisions New apartments of 2019 Average age 1 year Land developer • Low inflation since 2012 Small and efficient • Steady demand for rental housing Average size of ap
Slide 11: Cash flow structure EUR/m2/month (residential site)
Cash flow structure EUR/m 2/month (residential site) Toivo's gross rent Typical gross rent EUR 19.6/m2/month EUR 17.7/m2/month Toivo's Typical 86.7% net rent 58,8% net rent EUR 17/m2 EUR 10.4/m2 /month /month 7,9% Typical underuse costs EUR 1.4/m2/month 8,5% Typical renovation costs EUR 1.5/m2/month
Slide 12: Directed share issue EUR 3.7 M
Directed share issue EUR 3.7 M • The company organised a directed share issue on 21 June 2022, raising gross revenue of EUR 3.7 M. • An accelerated offer procedure in which 1.9 million new shares were issued to a limited group of institutional and other experienced investors. • The issue plays a maj
Slide 13: Financial prospects
Financial prospects PROSPECTS FOR 2022 FINANCIAL TARGETS 2021–2026 • The company expects the operating • The fair value of investment properties will be profit of the financial year of 1 EUR 500 million by the end of 2026. January–31 December 2022 to be EUR • Toivo’s non-current net assets per share
Slide 14: 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
Slide 15: Appendices
Appendices
Slide 16: Appendix 1. Key figures 30 June 2022
Appendix 1. Key figures 30 June 2022 Group 1–6/2022 1–6/2021 Change Revenue 6,576 7,940 -1,364 Lease income 1,520 1,160 360 Net lease income 1,104 921 182 Operating profit 13,318 5,986 7,333 Cash flow before changes in working capital (Funds from Operations, FFO) 1,030 968 62 Fair value of investmen
Slide 17: Group income 1–6/2022
Group income 1–6/2022* Group Income Statement Group’s statement of comprehensive income 1 January–30 1 January–30 1 January–31 1 January–30 1 January–30 1 January–31 EUR 1,000 June 2022 June 2021 December 2021 EUR 1,000 June 2022 June 2021 December 2021 Revenue 6,576 7,940 13,574 Financial year prof
Slide 18: Group balance sheet 30 June 2022
Group balance sheet 30 June 2022 * 30 June 30 June 31 December 30 June 30 June 31 December EUR 1,000 2022 2021 2021 EUR 1,000 2022 2021 2021 ASSETS LIABILITIES Non-current assets Non-current liabilities Investment properties 144,965 77,371 97,649 Financial institution loans 71,001 24,170 46,125 Righ
Slide 19: 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 a prior written consent of Toivo Group Plc (“Company”). All the information presented herein is on a general level
Slide 20: investors.toivo.fi
investors.toivo.fi