Klarabo Sverige Ab Class B · OMXSTO:KLARA_B
Klarabo Sverige Ab Class B — Q1 2025 Earnings Presentation
18 slides from Klarabo Sverige Ab Class B's earnings presentation, Apr 29, 2025
Slide 1: Q1 report
K/AR/\BO Q1 report Ee 29 April 2025 BZ
Slide 2: Today's presenters
Today’s presenters Andreas Morfiadakis Per Holmqvist CEO and co-founder CFO 2
Slide 3: Highlights Q1
Highlights Q1 3
Slide 4: Q1 at a glance
Q1 at a glance • Stable start to the year with continued solid development in both revenue and profit • KlaraBo acquired a larger property portfolio in Helsingborg at a property value of SEK 850 million • Consolidation of 740 apartments as of January 31, with annual rental income of approximately SE
Slide 5: Continued organic growth
Continued organic growth • Financial development Q1 • Revenue increased 12%, mainly driven by the consolidation of the property portfolio in Helsingborg and general rent increase +12% Revenue SEK 175 m • Net operating income increased 13% +13% Net operating income SEK 83 m • Income from property man
Slide 6: Property value increase and continued compensation for cost inflation
Property value increase and continued compensation for cost inflation Revenue • Q1 revenue increased 12 percent YoY 2025 2024 2024 3 months 3 months 12 months • 5.2 percent increase in revenue, on a like-for-like basis, attributable SEK m Jan-Mar Jan-Mar Jan-Dec mostly to annual general rent increas
Slide 7: Increased property value and lower LTV
Increased property value and lower LTV SEK m 31/03/2025 31/03/2024 31/12/2024 • Property value exceeding SEK 10 billion Intangible assets 0.2 0.3 0.2 • Income statement net property value increase of SEK 240 million Investment properties 10,328.6 9,020.3 9,243.9 Property, plant and equipment 5.0 7.1
Slide 8: 69 percent of loan portfolio at fixed interest rates
69 percent of loan portfolio at fixed interest rates Maturity structure – Fixed interest 2025-03-31 Maturity structure – Fixed credit 2025-03-31 • Average interest rate maturity of 2.8 years • A new loan of SEK 510 million was raised to partially finance the acquisition in Helsingborg. The loan carr
Slide 9: Current earnings capacity
Current earnings capacity SEK m Apr 1 2025 Jan 1 2025 Oct 1 2024 Jul 1 2024 Apr 1 2024 Rental revenue 730.0 656.2 637.0 642.1 640.1 Property expenses -316.0 -283.1 -261.2 -261.1 -261.1 Net oper income 414.0 373.1 375.8 381.0 379.0 Surplus ratio, % 56.7 56.9 59.0 59.3 59.2 Central administrative cost
Slide 10: Attractive apartments at reasonable rents
Attractive apartments at reasonable rents 10
Slide 11: Fully occupied property portfolio
Fully occupied property portfolio Geographical presence and 7,432 96.8% SEK 1,190 administrative areas Real occupancy rate Average rent per sq.m and year, Apartments under management unrenovated portfolio SEK 18,546 89% 555,000 Market value per sq. m. Residential Sq.m lettable area North Central Yea
Slide 12: Strategic clusters account for majority of portfolio
Strategic clusters account for majority of portfolio Helsingborg Trelleborg Number of apartments: 831 Number of apartments: 936 Total lettable area, sqm: 62,100 Total lettable area, sqm: 75,700 Current renovation potential, %: 60 Current renovation potential, %: 45 Average rent unrenovated units, 1,
Slide 13: Rental value trend continues with stable occupancy rate
Rental value trend continues with stable occupancy rate • About 4,000 apartments, or 60% of total portfolio with renovation potential, excluding construction • Renovations only after tenants have moved out at their own initiative • Renovations increase property values and strengthens cash flow • Ren
Slide 14: Current trading and Summary
Current trading and Summary 14
Slide 15: Current trading – well positioned in an attractive segment
Current trading – well positioned in an attractive segment • Consolidation of Helsingborg portfolio per January 31, with annual rental approx. SEK 76 million • Higher upgrades and refurbishments activities (Q1 58) • Occupancy rate remains at a high and stable level – low market vacancy in rental apa
Slide 16: KlaraBo investment highlights
KlaraBo investment highlights Over 60% of apartments in portfolio with renovation potential Continued high demand for rentals due to housing shortage, lower construction of new housing and lower disposable income +17% average annual growth in NRV since 2019 Growth potential via acquisitions and deve
Slide 17: Q&A
Q&A 17
Slide 18: Thank you!
Thank you! 18