Swedish Logistic Property Ab Class B · OMXSTO:SLP_B
Swedish Logistic Property Ab Class B — Q2 2024 Earnings Presentation
18 slides from Swedish Logistic Property Ab Class B's earnings presentation, Jul 11, 2024
Slide 1: Interim Report Jan-Jun 2024, Presentation
INTERIM REPORT JAN-JUN 2024, PRESENTATION ”Continued strong profit and high rate of acquisitions” Tommy Åstrand, CEO Matilda Olsson, CFO
Slide 2: Agenda
Agenda 1 Summary of January to June 24 2 About SLP 3 Property Portfolio 4 Financial Development 5 Summary 6 Q&A Swedish Logistic Property – Interim Report January – June 2024, presentation 2
Slide 3: Summary of January to June 24
January to June Summary of Summary of January to June 24 Rental income Net operating income Profit from property management Loan-to-value ratio +19 % +23% +26% 46.8 % SEK 335 m (280) SEK 286 m (232) SEK 182 m (145) Net asset value per share Transactions during the period Sustainable financing Intere
Slide 4: About SLP
About SLP About SLP Business concept and goals Property portfolio as of Q2 2024 Geographical presence ▪ SLP – Swedish Logistic Property – shall acquire, develop and manage logistic properties with a focus on sustainability. 105 Number of properties ▪ Overarching goal – To generate average annual gro
Slide 5: Property portfolio: Transactions
Property portfolio Transactions Acquisition of properties for development is a key part of SLP’s growth strategy Transaction volume and number of transactions, SEK m 7 Acquired properties 2 500 2 171 2 043 2 000 1 504 1 500 1 288 1 000 843 506 500 0 -9 93 tsqm -144 Lettable area acquired -500 proper
Slide 6: Property portfolio
Property portfolio Property portfolio The property portfolio consists of investment properties, development properties, building rights and ongoing projects Property management Property development Projects Building rights [Insert picture] [Insert picture] [Insert picture] [Insert picture] Terminale
Slide 7: Ongoing projects > SEK 25 m
Property portfolio Ongoing projects > SEK 25 m Ongoing projects add value to the property portfolio through new construction, renovations and extensions Stödstorp 2:22 Signalen 5 Rubinen 5 New construction New construction New construction SEK 13.7 m 18.1 tsqm SEK 47.9 m 61.5 tsqm 15.6 mkr 11.0 tkvm
Slide 8: Property portfolio: Tenants
Property portfolio Tenants Stable CPI-indexed rental income from large tenants with long leases 10 largest tenants 95% Letting ratio 10 largest tenants, share of annual rent 26% Other tenants, share of annual rent 98% Indexed annual rent SEK 21.6 Net rental income 74% m 0 6.0 years Remaining tenancy
Slide 9: Sustainability – goals and goal attainment (Planet)
Property portfolio Sustainability – goals and goal attainment Goals - Planet Goal attainment 30 June 2024 Certification, new production Solar cells ONGOING 100 162 16,3 100 percent environmentally certified new production % 72 7,4 All new production managed by the company itself shall be 2023-06 202
Slide 10: Sustainability – goals and goal attainment (People, Business)
Property portfolio Sustainability – goals and goal attainment Goals - People Goal attainment 30 June 2024 ONGOING 100 >45 eNPS* eNPS* The Board Group management Other employees GOAL 2025 Gender equality in professional categories A 40/60 gender distribution 2 Woman (33%) 1 Woman (33%) 4 Women (33%)
Slide 11: Financial development: Goals and outcome
development Goals and outcome Financial Overarching goals Financial risk limitations To generate average annual growth in NAV per share of at least 15% and Minimum interest cover of 2.5 x annual average growth in profit from property management per share of Maximum long-term loan-to-value ratio of 5
Slide 12: Current earnings ability
development Current earnings ability Financial Current earnings ability excl. ongoing construction projects > SEK 25m Current earnings ability excl. major ongoing projects Current earnings ability, SEK m SEK m 01/07/2024 01/01/2024 01/01/2023 01/01/2022 31/12/2020 31/12/2019 614 509 359 214 60 549 R
Slide 13: Income, expenses and profit
development Income, expenses and profit Financial Income, expenses and profit Rental income and net operating income Profit from property management Statement of comprehensive income 2024 2023 2024 2023 2023 +19% +26% SEK m Apr-Jun Apr-Jun Jan-Jun Jan-Jun Jan-Dec Rental income 169 146 335 280 585 33
Slide 14: Statement of Financial Position
development Statement of Financial Position Financial Statement of Financial Position Statement of financial position in summary Value growth of investment properties SEK m 30/06/2024 30/06/2023 31/12/2023 Change in investment properties SEK m ASSETS 11,885 Non-current assets 10,114 Opening value as
Slide 15: Financing - only secured bank financing with Nordic banks
Financing - only secured bank financing development Financial with Nordic banks Loan portfolio 2,5 2,3 2,3 5,0% 2,0 1,8 1,9 4,1% 4,1% 4,0% 1.50% Average credit margin 1,7 1,5 1,5 3,2% 3,0% Proportion of loans with interest rate hedging via 1,0 2,0% 68% derivatives 0,5 1,0% 0,0 0,0% 2022-12 2023-12 2
Slide 16: Shareholders as of 30 June 2024
Shareholders as of 30 June 2024 Shareholders as of 30 June 2024 No. of shares Proportion of Class A Class B Total Share capital, % Voting rights, % Erik Selin through companies 14,551,535 16,242,780 30,794,315 13.6% 23.3% Peter Strand through companies 12,281,125 14,687,885 26,969,010 11.9% 19.9% Mi
Slide 17: Summary
Summary Summary Continued strong demand for logistics areas, indexed rental agreements and remaining SLP still active in the transactions market tenancy period of 6.0 years High yields investments generates continued Strong financial position with only secured bank positive value changes financing G
Slide 18: Questions?
INTERIM REPORT JAN-JUN 2024, PRESENTATION Questions? info@slproperty.se This presentation has been prepared by Swedish Logistic Property AB (“SLP” or the “Company”) solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or redistributed, in
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