Eastnine Ab · OMXSTO:EAST
Eastnine Ab — Shareholder Meeting (May 2020)
13 slides from Eastnine Ab's shareholder meeting presentation, May 12, 2020
Slide 1: CEOs presentation AGM 2020
CEOs presentation AGM 2020 May 12, 2020
Slide 2: Vision and mission
Vision and mission Vision “Eastnine shall create and provide prime venues where ideas can flow, people can meet and successful business can be developed” Mission “Eastnine shall be the leading long-term provider of modern and sustainable office premises in prime locations in the Baltic capitals” 2
Slide 3: Eastnine in brief
Eastnine in brief • Swedish real estate company Listed at Nasdaq Stockholm, Mid Cap and headquartered in Stockholm. • Nordic tenants Mainly large Nordic companies with international operations. • Baltic premium properties Investing in sustainable prime real estate in the office segment in the Baltic
Slide 4: Sustainability focus
Sustainability focus • Eastnine's overall sustainability objective is to conduct climate-neutral operations. • 100 per cent of real estate investments should be environmental certified, excluding properties set for major redevelopment. • 72 per cent of GFA is certified according to either LEED Plati
Slide 5: Portfolio
Portfolio 31 December 2019 Total assets: EUR 420m Properties : EUR 290m MFG Other items Riga EUR 67m EUR 4m, 1% EUR 64m 16% Fund Properties 22% EUR 22m EUR 290m 5% 69% Cash EUR 37m 9% Vilnius EUR 226m 78% Vilnius Riga 5 properties 4 properties 79,514 sq.m. 19,970 sq.m. Investor presentation 5
Slide 6: Why Baltic capitals?
Why Baltic capitals? • Solid GDP growth of ca 3 per cent in 2020- Prime office rents and yields in the 23E, with continuous EU convergence. Nordics and Baltics • Members of the EU, Eurozone and NATO. 70 7,00% • Lithuania ranked 11th, Estonia 18th and 60 6,00% Latvia 19th globally in Ease of doing bu
Slide 7: Investment properties in Vilnius
Investment properties in Vilnius Page 1/2 3Bures-1,2, Vilnius 1 3Bures-3, Vilnius 2 Vertas, Vilnius 3 Completion 2008 Completion 2018 Completion 2007 GLA 28,499 sq.m. GLA 13,406 sq.m. GLA 9,604 sq.m. Certification LEED Platinum Certification LEED Platinum Certification In process Key tenants Key ten
Slide 8: Investment properties in Vilnius
Investment properties in Vilnius Page 2/2 S7-1, Vilnius 4 S7-2, Vilnius 5 S7-3, Vilnius 6 Completion 2017 Completion 2019 Completion 2019 GLA 12,053 sq.m. GLA 15,952 sq.m. GLA 14,500 sq.m. Certification BREEAM Excellent Certification BREEAM Excellent Certification BREEAM Excellent Key tenant Key ten
Slide 9: Investment properties in Riga
Investment properties in Riga Valdemara Centrs, Riga 7 Alojas Biroji, Riga 8 Alojas Kvartals, Riga 9 Completion 1999 Completion 2009 Completion 2004/13 GLA 8,621 sq.m. GLA 9,515 sq.m. GLA 1,756 sq.m. Certification - Certification In process Certification Future project Key tenants Key tenants Key te
Slide 10: Future projects in Riga
Future projects in Riga The Pine, Riga (development in planning process)1 9 Kimmel, Riga (development in planning process) 10 The Pine • New development of a 15,800 sq.m office building made of wood on the existing land plot Alojas Kvartals in Riga. • In the planning process, construction expected t
Slide 11: Income statement, pro-forma
Income statement, pro-forma EUR thousands 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018 Rental income 13,348 4,161 3,142 3,099 2,947 2,516 2,339 2,282 1,993 Property expenses -1,402 -410 -347 -387 -258 -396 -235 -249 -562 Net operating income 11,946 3,751 2,795 2,712 2,689 2,1
Slide 12: Balance sheet, pro-forma
Balance sheet, pro-forma EUR thousands 31 Dec 2019 30 Sep 2019 30 Jun 2019 31 Mar 2019 31 Dec 2018 30 Sep 2018 30 Jun 2018 31 Mar 2018 ASSETS Investment properties 290,256 203,276 199,882 195,972 158,862 156,102 122,843 121,995 Development properties - - - - - - 26,721 19,768 Right-of-use assets, le
Slide 13: www.eastnine.com
www.eastnine.com