Pioneer Property Group ASA · OSL:PPG
Pioneer Property Group ASA — Investor Presentation (June 2020)
9 slides from Pioneer Property Group ASA's investor presentation, Jun 16, 2020
Slide 1: Pioneer Property Group ASA Company Presentation – June 2020
Private & confidential Pioneer Property Group ASA Company Presentation – June 2020 Properties pictured are from the portfolio in Odin Bidco As, where PPG owns 10%
Slide 2: Disclaimer and Important Notice
DISCLAIMER AND IMPORTANT NOTICE This presentation has been prepared and issued by Pioneer Property Group ASA (the "Company"). This presentation speaks only as of 16 June 2020, and the material and the views expressed herein are subject to change based on a number of factors, including, without limit
Slide 3: PPG background
PPG background • During 2019 Pioneer Property Group ASA ("PPG") initiated a strategic process following interest from institutional investors providing long-term debt financing and from third parties with respect to a potential sale of assets or shares by PPG • This process was completed in October
Slide 4: Historical development of the group
Historical development of the group PPP V is established, and 21 properties are PPG divests Pioneer Public PPP I is established as the result of acquired, marking the entry into the Properties and Pioneer the separation of Norlandia’s PPP III is established, Swedish and Finnish markets Management AS
Slide 5: PPG has a solid balance sheet following the transaction
PPG has a solid balance sheet following the transaction PPG has deployed ~NOK 1bn since the transaction Pioneer Property Group Investments overview1) NOKm • Since the sale of PPP and PM, PPG has started to increase its investments and has now deployed ~NOK 1bn of the proceeds • Substantial equity ba
Slide 6: PPG has a diversified portfolio with long term lease agreements
PPG has a diversified portfolio with long term lease agreements Portfolio WAULT1) of 14.5 years on triple net contracts 2) Portfolio overview Poland % of total lease income Operator WAULT 27.9% 18.5% 14.5 Years Preschools 24.5 Years 63% x8 x3 x1 x1 x8 incl. options Preschools Netherlands % of total
Slide 7: PPG retains a 10% ownership of Odin Bidco AS after the sale of PPP
PPG retains a 10% ownership of Odin Bidco AS after the sale of PPP However PPG is entitled to 20% of the economic distribution after a 6% IRR hurdle Introduction High quality portfolio in the Nordics • The information represents a glance of the sold portfolio, and does not include any information ab
Slide 8: Utilising PPGs liquidity position in the downturn
Utilising PPGs liquidity position in the downturn Comments Estimated market value financial holdings NOKm • To allow for a more flexible capital management, following the sale of PPP and PM, the general meeting changed the objects clause in the company's articles of association in 2019 to include in
Slide 9: Properties pictured are from the portfolio in Odin Bidco As, where PPG owns 10%
Properties pictured are from the portfolio in Odin Bidco As, where PPG owns 10% 9
Pioneer Property Group — Investor Presentation (June 2020) on 6ix