Neobo Fastigheter Ab · OMXSTO:NEOBO
Neobo Fastigheter Ab — Q2 2025 Earnings Presentation
24 slides from Neobo Fastigheter Ab's earnings presentation, Jul 9, 2025
Slide 1: Welcome to the presentation of Neobo's Interim report January-June 2025
1 Welcome to the presentation of Neobo’s Interim report January-June 2025 Stockholm July 9, 2025 Q2
Slide 2: Ylva Sarby Westman, CEO
Ylva Sarby Westman CEO
Slide 3: Homes for everyone
Homes for everyone Ålen 1 ÖRNSKÖLDSVIK
Slide 4: Profit from property management +50%
Profit from property management 102 m +50% Svetsaren 8 NYKÖPING
Slide 5: Rental income +4% like-for-like
Rental income 466 m +4% Like-for-like Tranan 1 VÄNERSBORG
Slide 6: Net operating income +12% like-for-like
Net operating income 260 m +12% Like-for-like Dubbelkrut 1 SKELLEFTEÅ
Slide 7: Unrealized value changes in properties
Unrealized value changes in properties 11 m +0.1% Sovsäcken 2 LULEÅ
Slide 8: Residential focused portfolio
8 Residential focused portfolio Property value (SEK) Share of residential properties Number of properties 13.8 bn 95% 260 Number of apartments Lettable area (sq.m.) 8,300 700,000
Slide 9: Increasing rental value
NEOBO Increasing rental value Commercial 16% Residential SEK 77% 1,038 m Community service 4% Total rental value Other 3%
Slide 10: Value creating investments with attractive return
Ålen 1 ÖRNSKÖLDSVIK Value creating investments of SEK 109 m with attractive return
Slide 11: Occupancy rate
Occupancy rate Total occupancy rate Träkolet 16 Residential occupancy rate SOLLENTUNA 94.9% 94.6% 94.5% 93.4% 92.8% 92.5% 92.5% 92.0% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025
Slide 12: Sustainability
Sustainability ✓ Saving water and Co2, pilot project launched in Nynäshamn ✓ Young people living in our areas as summer workers ✓ Neobo-events in our areas ✓ Installed hybrid solar panels in Falköping
Slide 13: Ratten, Nynäshamn water use
Ratten 2 NYNÄSHAMN Water use ✓ 15,200 liters of water have been saved ✓ 1,800 grams of microplastics have been filtered out ✓ CO2 emissions have been reduced
Slide 14: Increasing transaction volume
Increasing transaction volume Residential Other segments Share residential, % 450 000 40% 400 000 35% 350 000 30% 300 000 25% 250 000 SEK m 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 Q2 Source: Savills
Slide 15: Divestment of building right in Sollentuna
Divestment of building right in Sollentuna The sales price of SEK 19.5 m is just over the most recent external valuation of the building right
Slide 16: Result January–June 2025
Result January–June 2025 2025 2024 Amounts in SEK m Jan-Jun Jan-Jun +4% Rental income Like-for-like 466 454 Property management costs -206 -224 Net operating income 260 229 +12% Like-for-like Central administration -36 -38 Profit before financial items 224 192 Net financial items -122 -123 Profit fr
Slide 17: Earnings capacity
Earnings capacity 1 July 1 April 1 January 1 October 1 July SEK m 2025 2025 2025 2024 2024 Rental value 1,038 1,036 1,017 994 1,003 Vacancy -78 -76 -73 -71 -71 Rental income 960 961 944 923 933 Property management -402 -402 -402 -393 -396 costs Property tax -23 -23 -23 -24 -24 Net operating 536 537
Slide 18: Changes in property value 2022-2025
Changes in property value 2022-2025 Like-for-like portfolio Valuation yield: • Q2 2025: 5.0% • Q1 2022: 3.8% Market value, like for like Valuation yield SEK m 16 000 5,5 5.50% 15 000 5.00% 5,0 14 000 4,5 4.50% 13 000 4,0 4.00% 12 000 3.50% 3,5 11 000 3.00% 3,0 10 000 2.50% 2,5 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 June 2025 Debt maturity overview SEK m 50.7% 2.4y 4 000 53% Loan-to-value Average debt duration 3 500 3 000 2 500 31% 3.4% 2.7y 2 000 Average interest rate Average fixed rate period 1 500 14% 1 000 83% 1.8x 500 1% 0 Hedge ratio Interest
Slide 20: Interest rate derivatives
Interest rate derivatives Maturity structure and average interest rate SEK m 1800 0.63% 1600 1.96% 1400 2.49% SEK 5.9 bn 1200 1000 800 0.24% Aggregated nominal value 2.56% 600 2.74% 400 200 0 0-1 1-2 2-3 3-4 4-5 5- 1.6% Interest rate swaps, forward started Start Maturity Nominal amount Interest Aver
Slide 21: Our largest shareholders
Our largest shareholders As of June 30, 2025 Percentage of share Shareholder No. of shares capital and voting right Avanza Pension 20,151,222 13.9% ICA-handlarnas Förbund 15,000,000 10.3% Martin Larsén 11,000,418 7.6% Länsförsäkringar Fonder 5,530,000 3.8% Swedbank Försäkring 4,655,541 3.2% Y.E.T.I
Slide 22: Key takeaways
Key takeaways • Continued strong results – profit from property management +50% with a positive outlook going forward • Highest quarterly levels of surplus ratio (65%) and ICR (2.2x) since Neobo was founded • Divestment of a building right in Sollentuna. The price of SEK 19.5 m is just over the most
Slide 23: Questions are welcome!
23 Questions are welcome!
Slide 24: neobo
neobo