Neobo Fastigheter Ab · OMXSTO:NEOBO
Neobo Fastigheter Ab — Q3 2025 Earnings Presentation
25 slides from Neobo Fastigheter Ab's earnings presentation, Oct 22, 2025
Slide 1: Welcome to the presentation of Neobo's Interim report
Welcome to the presentation of Neobo’s Interim report January-September 2025 Stockholm October 22, 2025 Q3
Slide 2: Ylva Sarby Westman, CEO
2 Ylva Sarby Westman CEO
Slide 3: Homes for everyone
Backus 19 Homes for OSKARSHAMN everyone
Slide 4: Profit from property management +32%
Minerva 8 Profit from property management SUNDSVALL 161 m +32%
Slide 5: Rental income +4% like-for-like
Gredelby 7:85 Rental income KNIVSTA 702 m +4% Like-for-like
Slide 6: Net operating income +10% like-for-like
Frej 6 Net operating income OSKARSHAMN 395 m +10% Like-for-like
Slide 7: Unrealized value changes in properties
Vikingen 13 Unrealized value changes in properties HELSINGBORG 14 m +0,1%
Slide 8: Residential focused portfolio
8 Residential focused portfolio Property value (SEK) Share of residential properties Number of properties 13.9 bn 94% 259 Number of apartments Lettable area (sq.m.) 8,300 700,000
Slide 9: Increasing rental value
NEOBO Increasing rental value Commercial 16% Residential SEK 76% 1,036 m Community service 4% Total rental value Other 4%
Slide 10: Value creating investments with attractive return
Backus 19 OSKARSHAMN Value creating investments of SEK 167 m with attractive return
Slide 11: Highest total occupancy rate in our history
Homes for Highest total occupancy rate in our history everyone Total occupancy rate Residential occupancy rate 94.6% 94.9% 94.5% 94.3% 93.4% 93.1% 92.8% 92.5% 92.5% 92.0% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 2025 Norrtull 5 Norrtull STRÄNGNÄS5 ST
Slide 12: Energy efficiency and renewable energy
Ålen 1 ÖRNSKÖLDSVIK Energy efficiency and renewable energy ✓ A strengthened technology organization to ensure that we achieve our target of a 20 percent reduction in energy consumption by 2030
Slide 13: Increasing transaction volume
Increasing transaction volume Residential Other segments Share residential, % SEK m 450 000 40% 400 000 35% 350 000 30% 300 000 25% 250 000 20% 200 000 15% 150 000 10% 100 000 50 000 5% 0 0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q3 Source: Savills
Slide 14: Divestment of vacant commercial property in Karlskoga
The sales price of SEK 9 m is in line with the most recent external valuation Divestment of vacant commercial property in Karlskoga
Slide 15: Divestment of property in Enköping to housing cooperative
Divestment of property in Enköping to housing cooperative The sales price of SEK 130 m is in line with the most recent external valuation
Slide 16: Result January–September 2025
Svetsaren 8 Result January–September 2025 NYKÖPING 2025 2024 Amounts in SEK m Jan-Sep Jan-Sep +4% Rental income Like-for-like 702 680 Property management costs -307 -318 Net operating income 395 363 +10% Like-for-like Central administration -49 -55 Profit before financial items 346 308 Net financial
Slide 17: Earnings capacity
Svetsaren 8 Earnings capacity NYKÖPING 1 October 1 July 1 April 1 January 1 October SEK m 2025 2025 2025 2025 2024 Rental value 1,036 1,038 1,036 1,017 994 Vacancy -72 -78 -76 -73 -71 Rental income 965 960 961 944 923 Property management -397 -402 -402 -402 -393 costs Property tax -22 -23 -23 -23 -2
Slide 18: Changes in property value 2022-2025
Changes in property value 2022-2025 Like-for-like portfolio Valuation yield: • Q2 2025: 5.1% • Q1 2022: 3.8% Market value, like for like Valuation yield SEK m 16 000 5,5 5.50% 15 000 5,0 5.00% 14 000 4,5 4.50% 13 000 4,0 4.00% 12 000 3,5 3.50% 11 000 3,0 3.00% 10 000 2,5 2.50% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q
Slide 19: Neobo has a strong financial position
Neobo has a strong financial position Key debt highlights as of September 2025 Debt maturity overview SEK m 50.4% 2.5y 4 500 54% Loan-to-value Average debt duration 4 000 3 500 3 000 3.4% 2.5y 2 500 27% Average interest rate Average fixed rate period 2 000 1 500 17% 1 000 83% 1.8x 500 1% Hedge ratio
Slide 20: Interest rate derivatives
Interest rate derivatives Maturity structure and average interest rate SEK m 2000 0.65 % 1800 1600 1.96% SEK 5.9 bn 1400 1200 2.53% 1000 2.54% Aggregated nominal value 800 600 2.32% 400 2.74% 200 0 0-1 1-2 2-3 3-4 4-5 5- 1.8% Interest rate swaps, forward started Start Maturity Nominal amount, SEK m
Slide 21: Management team
Management team Ylva Sarby Westman Ali Ali Malin Axland Daniel Bonn Rosén Maria Strandberg Andreas Wik CEO Head of Transactions General Counsel and Head of Treasury CFO Head of Real Estate Head of Sustainability
Slide 22: Our largest shareholders
Our largest shareholders As of September 30, 2025 Percentage of share Shareholder No. of shares capital and voting right Avanza Pension 20,273,513 13.9% ICA-handlarnas Förbund 16,000,000 11.0% Martin Larsén 10,795,000 7.4% Länsförsäkringar Fonder 7,050,000 4.8% Swedbank Försäkring 4,694,678 3.2% Fut
Slide 23: Key takeaways
Key takeaways • Continued strong results – profit from property management +32% • Highest total occupancy rate ever - an increase from 92% when Neobo was established to 93,1% at present • Three divestments at price levels that confirm the property values in the balance sheet • Refinancing of bank lo
Slide 24: Questions are welcome!
Questions are welcome!
Slide 25: alsxe) ese
alsxe) ese,