Samhallsbyggnadsbolaget I Norden Ab Class B · OMXSTO:SBB_B

Samhallsbyggnadsbolaget I Norden Ab Class B — Q2 2019 Earnings Presentation

13 slides from Samhallsbyggnadsbolaget I Norden Ab Class B's earnings presentation, Jul 10, 2019

  1. Slide 1: Webcast Presentation Q2 - 2019

    Skeppsbron 1, Karlskrona WEBCAST PRESENTATION Q2 - 2019 July 2019

  2. Slide 2: Quarterly Highlights

    QUARTERLY HIGHLIGHTS ▪ Net profit for the first half of the year increased with 80% to SEK 933 million (518) despite SEK 123m non-recurring costs related to bond 1 buy-backs. ▪ The net asset value after deductions for dividends increased strongly during the first half of the year by SEK 857m or SEK

  3. Slide 3: First Half of the Year

    FIRST HALF OF THE YEAR •Rental income increased with 12 % to SEK 893m (800). •The net operating income increased with 11 % to SEK 560m (505). •Cash flow from operating activities before changes of working capital increased with 56 % to SEK 244m (156). •Profit before tax increased with 54 % to SEK 1,

  4. Slide 4: Second Quarter

    SECOND QUARTER •Rental income increased to SEK 464m (410). •Net operating income increased to SEK 320m (272) •Surplus ratio 69% (66%) •Operating profit increased to SEK 148m (109). •Cash flow from operations before changes in working capital amounted to SEK 147m (116). •Net income after tax for the

  5. Slide 5: Financial Performance

    FINANCIAL PERFORMANCE 2019 2018 2018 Q2 Q2 Jan-Dec Rental income, SEKm 893 800 1,680 Net operating income, SEKm 560 505 1,071 Surplus ratio, % 63 63 64 Interim profit, SEKm 933 518 1,690 Yield, % 4.7 4.6 4.7 Cash flow from current operations, SEKm 244 156 248 Property value (market value), SEKm 30,3

  6. Slide 6: SBB Has Assembled a Unique Portfolio Across Tier 1 Locations

    SBB HAS ASSEMBLED A UNIQUE PORTFOLIO ACROSS TIER 1 LOCATIONS High quality property portfolio with attractive underlying exposures Geographical diversification R12 Earnings capacity by tenant type Government 9% ~91% LSS housing Indirect gov. 31% SEK 34% of the earnings 58% 1,999 capacity from social

  7. Slide 7: Social Infrastructure Properties Complemented by Residential Development Potential

    SOCIAL INFRASTRUCTURE PROPERTIES COMPLEMENTED BY RESIDENTIAL DEVELOPMENT POTENTIAL Community Service properties Residential properties Other / building rights development SEK 17.9bn SEK 10.2bn 8% SEK 2.3bn 59% 34% Includes schools, elderly care, LSS-housing and Mainly constitutes of rental apartment

  8. Slide 8: Long Term Reliable Partner for Municipalities Creates Stable Income

    LONG TERM RELIABLE PARTNER FOR MUNICIPALITIES CREATES STABLE INCOME Income overview1) ▪ Long history of actively working with several History of municipalities in Sweden Classification Rental Income, SEKm % of Total acquiring from municipalities ▪ First transaction completed only 6 months after Resi

  9. Slide 9: Earnings Capacity Property Portfolio as of 30 June 2019

    EARNINGS CAPACITY PROPERTY PORTFOLIO AS OF 30 JUNE 2019 Current earnings capability for the Group for 12 months SEKm Surplus ratio: 68% 1 600 1 400 636 63 27 85 1 200 361 1 000 1 999 800 1 362 600 1 006 400 200 0 Rental income Property costs NOI Central Profit from JV Financial Financial Operation a

  10. Slide 10: Project Development Potential

    PROJECT DEVELOPMENT POTENTIAL Current development portfolio (30 June 2019) Example projects Municipality Property Building right, sqm Västerhaninge (Haninge) Zoning plan process Development projects with formal planning process initiated Västerhaninge centrum, Haninge Nyköping Raspen 1,2,3 156,000 T

  11. Slide 11: Creating the Leading Nordic Social Infrastructure Property Company

    SBB — ‘CREATING THE LEADING NORDIC SOCIAL INFRASTRUCTURE PROPERTY COMPANY’ Key pillars of SBB’s story Portfolio has grown from SEK 7.6bn to SEK 30bn+ over 2.5 years... @) Unique and non-replicable long-term relationships GR with municipalities z 74.2% 30.3 5 25.6 3 244 © 7: SEK 30bn low-risk social

  12. Slide 12: In Summary

    IN SUMMARY ▪ Sustainable and predictable cash flow remains the foundation of our activities. Strong increase with 57% in earnings capacity to SEK 1,006m 1 (640) ▪ Experienced development and transaction teams with strong track records. Closed transaction for SEK 14.5bn first half of the Year 2019 2

  13. Slide 13: Thank You!

    THANK YOU! SBB Samhdllsbyggnadsbolaget {SBB) '

Samhällsbyggnadsbolaget i Norden AB (SBB) — Q2 2019 Earnings Presentation on 6ix