Corem Property Group Ab Class A · OMXSTO:CORE_A
Corem Property Group Ab Class A — Q3 2024 Earnings Presentation
24 slides from Corem Property Group Ab Class A's earnings presentation, Oct 24, 2024
Slide 1: Interim Report Q3 2024
Interim Report Q3 2024 24 October 2024
Slide 2: Company highlights
Creating posgglslities COMPANY HIGHLIGHTS 294 ele) me fem properties Property value, = 2,304 4,346 Lettable area, Rental value, tsq.m SEKm
Slide 3: Slide 3
Slide 4: Property portfolio geographically well focused, in attractive locations
Property portfolio geographically well focused, in attractive locations in major cities and growth regions SEKbn Linkoping 25 * Jénképing Gothenburg Boras 20 Halmstad 15 Copenhagen 9.44 10 Office 50% ™ Other "SB Retail 10% Logistics 23% Lettable area ‘incl. Boras “incl. Kalmar *“**incl. Eskilstuna b
Slide 5: eam Lf
eam Lf
Slide 6: Income
Income
Slide 7: New lettings
New lettings Selection during the quarter, Q3 2024 * Stockholm - Kista ° Nyképing 6 038 sq.m 1993 sq.m - Mycronic - Trafikverket * Stockholm - Kista ° New York 1067 sq.m 1614 sq.m - Transcom - Epidemic Sound - Injective Labs
Slide 8: Number of active companies and number of students
Number of active Number of students companies on campus
Slide 9: A closer look into the portfolio: Kista
A CLOSER LOOK INTO THE PORTFOLIO Kista —active today and with future potential Today world-leading companies side by side with small-scale cutting-edge companies, research and academia. Continuous development and collaboration ongoing, further adding to communication, aiming to create a vibrant city
Slide 10: Share of public sector in the office segment
1400 1200 1000 800 600 400 200 0 2024 2025 2026 2027 2028- Contract maturity Share of public sector in the office segment Bildresultat för Martin servera logo
Slide 11: 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 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 Corem R12 Klövern R12
Slide 12: Project and urban development
H [ and urban development |=
Slide 13: New York: two ongoing projects
New York Two ongoing projects ¢ 1245 Br oadway eee ieuiniminimimin, 37% 17 600 sq.m 63% leased ° 28&7 9 300 sq.m 74% leased | bE SES SS \ DEB Benw Q a YN NN NO SS hinrai Epidemi MAVIK og X iinnen GBR MAVIK 04 A2A f 7 gumgum’ — INJECTIVE _yveltipsis labs
Slide 14: Unique development site at Park Avenue
Unique Devel lopment site at Park Avenue * 1000 sq.m site * Building rights for 33,000 sq.m of new offices ibalis fous ea Sayer » * Top location in The Plaza District * Ready for development * Free-hold lf Fa pee SE le corem
Slide 15: Uppsala Business Park
Uppsala Business Park Urban development LLL ES corem
Slide 16: Property transactions
16 Property transactions Transactions are an integral part of Corem’s business model, providing means to focus, improve, and adapt the portfolio to market conditions Divestments made, 2024 to-date + 32 properties Underlying property value SEK 2.6 bn Divested 2023 * 132 properties Underlying property
Slide 17: Average yield and market value since peak levels
Average yield and market value since peak levels SEKm 90000 80000 70000 60000 50000 40000 30000 20000 10000 0 5,9% 5,9% 5,8% Q1 2022 Q2 2022 Q32022 Q42022 Q12023 Q2 2023 Q3 2023 Q42023 Q12024 Q22024 Q3 2024 mmm Market value SEKm ——Yield 7,0% 6,0% 5,0% 4,0% 3,0% 2,0% 1,0% 0,0% corem |
Slide 18: Financial position
18 Financial position * Interest-bearing liabilities reduced by SEK 1.4 billion during Q1-Q3 2024 * Maintained or improved key figures such as LTV and adjusted equity ratio, despite negative value changes in properties * Redemption and repurchasing of bonds maturing in 2024 * Divestments made to dat
Slide 19: 2017 2018 2019 2020 2021 2022 2023 Q3 2024 6,0 3,5 5,5 3 5,0
70 60 50 40 30 20 10 0 2017 2018 2019 2020 2021 2022 2023 Q3 2024 6,0 3,5 5,5 3 5,0 4,5 2,5 4,0 2 3,5 3,0 1,5 2,5 1 2,0 1,5 0,5 1,0 0 2017 2018 2019 2020 2021 2022 2023 2024 2017 2018 2019 2020 2021 2022 2023 Q3 2024
Slide 20: Debt financing and bond maturities
14 000 16% 4% 15% 15% 15% 12 000 14% 14% 20% 14% 14% 10 000 Unsecured bonds Bank loans 76% Commercial paper 12% 8 000 11% 6 000 2 000 1 811 10% 1 500 1 300 1 250 4 000 1 050 1 000 8% 610 2 000 500 200 0 0 6% Oct-24 Feb-25 Sep-25 May-26 Jan-27 27-sep 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023
Slide 21: Optimizing the financial position
Optimizing the financial position Tools to reach, and later be able to surpass, our financial targets * Reposition and refinance bonds, optimizing structure as well as bond durations * Repayment of expensive loan structures, restructuring of expensive secured bank debt ¢ Possibility of buy back of h
Slide 22: 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 23: Business outlook
23 Business outlook Focus on taking the new Corem and the existing portfolio into the improved business climate and keep building it for the future Continued focus on in-house top quality property management with a long-term view on assets under management, and minimizing their environmental footpri
Slide 24: Questions
Questions