John Mattson Fastighetsforetagen Ab · OMXSTO:JOMA
John Mattson Fastighetsforetagen Ab — Q2 2022 Earnings Presentation
15 slides from John Mattson Fastighetsforetagen Ab's earnings presentation, Aug 18, 2022
Slide 1: Q2 2022
Q2 2022
Slide 2: Presentation Q2
1 Presentation Q1 18 August 2022 Per Nilsson, Mattias Lundström CEO CFO
Slide 3: Our position
Our position 2 High Attractive areas Value-creating Responsible quality in the Stockholm player in social growth housing region sustainability
Slide 4: Goal fulfillment Q2 2022 versus Q2 2021
Goal fulfillment 3 Q2 2022 versus Q2 2021 29% growth 85% growth in in net asset value income from property management
Slide 5: Significant events in Q2 2022
Significant events 4 in Q2 2022 • Sale and transfer of two properties with an underlying property value of SEK 230 million SEK 1 billion • Agreement signed for the sale of one Sales property with an underlying property value of SEK 800 million. To be transferred on 30 September • Production started
Slide 6: Focus areas – sustainability targets
Focus areas – sustainability targets 5 Dynamic and safe • Safe neighbourhoods as assessed by residents: to outperform the sector average for comparable 1 local communities properties. • Attractive areas according to the residents: above the sector average. Responsible material • 2 and By 2030, John
Slide 7: Property portfolio
Property portfolio 6 4 81% property of the lettable area management is housing areas 4,426 364,000 apartments sq m lettable area
Slide 8: Development projects
Development projects 7 Project Area Number of Status Possible apartments construction start Vilunda, Upplands Väsby North Stockholm 73 Production Ongoing Gengasen, South Stockholm Örby /Nacka 128 Production Ongoing Juno, Käppala Lidingö 50 Early phase 2023 Geografiboken, Detailed Devel. Abrahamsberg
Slide 9: Key metrics January–June 2022
Key metrics 8 January–June 2022 • Property value: SEK 16.8 billion • Number of apartments: 4,426 • Rental value: SEK 639 million • Rental value/sq m: SEK 1,755 sq m • Inc. from Prop. Mgmt: SEK 92.5 million • NAV: SEK 7.0 billion • Loan-to-value ratio: 56.8%
Slide 10: Income from property management
Income from property management 9 85% income from property management per share 97.1% economic occupancy rate Net operating income, SEK m Income from property management, 300 SEK million 250 120 200 100 80 64.8% 150 surplus ratio 60 100 40 50 20 0 0 2018 2019 2020 2021 Q2 22 2018 2019 2020 2021 Q2 2
Slide 11: Property value & net asset value
Property value & net asset value 10 SEK 16.8 billion in property value 18 000 180 16 000 160 14 000 140 SEK 812 million 12 000 120 invested SEK million 10 000 2022 SEK/share 100 8 000 80 6 000 60 4 000 40 29% average growth 2 000 20 in net asset value per share 0 0 2011 2012 2013 2014 2015 2016 2017
Slide 12: Financing
Financing 11 56.8% loan-to-value ratio 2.3x interest coverage ratio 12 000 70 2,0 3,0 1,8 10 000 60 2,5 1,6 50 1,4 8 000 2,0 SEK million 40 1,2 multiple 6 000 1,0 1,5 % % 30 0,8 4 000 1,0 20 0,6 0,4 2 000 10 0,5 0,2 0 0 0,0 0,0 2018 2019 2020 2021 Q2 22 2018 2019 2020 2021 Q2 22 Utilised LTV Average
Slide 13: Outlook
Outlook 12 • Strengthen existing cash flows • Flexible business and project development • Developing action plans for new sustainability targets
Slide 14: Great neighbourhoods across generations
13 Great neighbourhoods across generations
Slide 15: Questions
Questions JohnMattson
John Mattson Fastighetsföretagen — Q2 2022 Earnings Presentation on 6ix