K-fast Holding Ab Class B · OMXSTO:KFAST_B
K-fast Holding Ab Class B — FY2020 Earnings Presentation
19 slides from K-fast Holding Ab Class B's earnings presentation, Feb 26, 2021
Slide 1: Year-end report January–December 2020
Year-end report January–December 2020 Presenters: Jacob Karlsson, CEO, and Martin Larsson, CFO 26 February 2021 K-Fast Holding AB 2021 – Year-end report 2020. All rights reserved
Slide 2: Year 2020 highlights
• High transaction rate • Anniversary year for K-Fastigheter: Property value: 10 years since start and SEK 6,853.3 million (+56%)* • K-Fastigheter acquired Finja Prefab, the 1 year as a listed company largest single transaction in the Group’s Long-term net asset value (NAV): history • Limited effect
Slide 3: Fourth quarter and Finja Prefab acquisition
• K-Fastigheter signed an agreement to Finja Prefab No. of construction starts, apartments: acquire Finja Prefab • The largest single transaction in the Group’s 193 (+50%)* • Acquisition of apartment buildings with history Rental income: 29 apartments in Landskrona • Access to the business as of 25
Slide 4: Finja Prefab AB
Finja Prefab AB Finja Prefab – key data * • Sweden’s third largest producer of prefabricated concrete SEK million 2020 2019 2018 • K-Fastigheter gets access to Net sales 881.4 1,054.4 897.1 seven modern and well-invested Profit after financial items 36.1 81.6 65.3 Upplands production facilities in i
Slide 5: Prefabricated concrete frames
HOUSING INDUSTRIAL BUILDINGS PUBLIC BUILDINGS • Prefabricated concrete frames to all types of concrete buildings. Our wish is to build safe and comfortable buildings • Climate positive concrete frames • Capacity to produce all concrete elements required for K-Fastigheter’s three concept buildings (L
Slide 6: Transactions and construction starts map
CONSTRUCTION STARTS LANDSKRONA HÖGANÄS (42 apartments), 29 apartments KRISTIANSTAD (48 apts), KÄVLINGE (65 apts) and ÄLMHULT (38 apts) ACQUIRED BUILDING RIGHTS HÄSSLEHOLM (ca 100 apts), VÄSTERÅS (ca 125 apts) and ÖNNERED, GBG (ca 100 apts) GREVE, DENMARK 148 apartments ACQUIRED DEVELOPMENT PROPERTIE
Slide 7: Ongoing project development
Ongoing project development, • K-Fastigheter continuously identifies and evaluates potential building 31 December 2020 rights and undeveloped land that may be suitable for the Group’s concept Number of units 3,880 buildings, this to ensure necessary planning and allow the Group to Lettable area, tot
Slide 8: Ongoing construction
Ongoing construction, No. of apartments under construction, • New property construction is carried out with a high degree of 31 December 2020 1,311, by concept building 60 prefabrication, which enables high cost and quality control as well as Number of units 1,311 guarantees production and delivery
Slide 9: Property portfolio
Property portfolio, • K-Fastigheter has an eternal perspective on its property ownership and is 31 December 2020 therefore a long-term partner for municipalities as well as suppliers and Number of apartments under management 2,237 tenants. Local government is the key to being able to offer a high le
Slide 10: Profit from property management by quarter 2019–2020
Profit from property management by quarter 2019–2020 25 20 15 10 19.5 21.2 19.1 16.7 16.5 15.5 5 11.1 8.6 0 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Profit from property management Profit from property management for the Full-year 2020 amounted to SEK 75.3 million (52.9) 10 K-Fast Holding AB
Slide 11: Value creation in K-Fastigheter
• Limited effects from ongoing COVID-19 pandemic Value creation in K-Fastigheter • Sustained strong interest from sellers of building rights and properties. • Expected rental trend and assessed value trend, SEK million K-Fastigheter will continue to be active in transaction market 9000 450 • Complet
Slide 12: Development in Property Management
Development in Property Management SEK million 2020 2019 2020 2019 • No. of apartments under mgmt amounted to 2,237, an increase of 31% at year-end Oct-Dec Oct-Dec Full-year Full-year • Rental income in the year increased by 30%, to SEK 203.9 million Rental income 56.2 44.7 203.9 156.8 • Rental valu
Slide 13: Investment properties and financial position
Investment properties: SEK 6,853.5 million, +56% SEK million 2020 2019 • completed investments properties: SEK 5,067.2 million (3,606,9) 31 Dec 31 Dec • undeveloped land and building rights: SEK 725.7 million (342.1) Assets • construction in progress: SEK 1,060.6 million (447.7) Investment propertie
Slide 14: Limited effects, financial and operational targets
Limited effects Property Management Financial targets Outcome Targets - Minor ren relief, repayable in 2021 • Long-term net asset value per share: +36% > 20% per annum - No increase in rent losses of late payments • Profit per share from property mgmt: +6% > 20% per annum Project Development and Con
Slide 15: Largest shareholders
Name Number Number Percentage of Percentage class A shares* class B shares* share capital of votes Jacob Karlsson AB 1,875,000 10,625,000 34.8% 39.3% Erik Selin Fastigheter AB 1,875,000 10,625,000 34.8% 39.3% Capital Group 0 2,154,310 6.0% 4.2% Länsförsäkringar funds 0 1,758,378 4.9% 3.5% AP4 0 902,
Slide 16: K-Fast Holding AB 2021 – Year-end report 2020. All rights reserved
16 K-Fast Holding AB 2021 – Year-end report 2020. All rights reserved
Slide 17: Financial and operational targets
Over an economic cycle, growth in Over an economic cycle, long-term net asset value per share annual growth in earnings per is to average at least 20 percent share from property management annually, including any value is to average at least 20 percent The number of transfers. In the long term, apar
Slide 18: Investment highlights
1 K-Fastigheter is present throughout the entire value chain, from project development and identification of interesting building rights to construction and long-term property management 2 High quality real estate portfolio with a large proportion of newly produced area in attractive locations i
Slide 19: Disclaimer
Disclaimer: This presentation has been prepared by K-Fast Holding AB solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person. The presentation does not constitute an invitation or off