Samhallsbyggnadsbolaget I Norden Ab Class B · OMXSTO:SBB_B
Samhallsbyggnadsbolaget I Norden Ab Class B — Q1 2021 Earnings Presentation
17 slides from Samhallsbyggnadsbolaget I Norden Ab Class B's earnings presentation, June 2021
Slide 1: The Social Infrastructure Champion in Europe
THE SOCIAL INFRASTRUCTURE CHAMPION IN EUROPE June, 2021 Skellefteå Perseus 6 – Cultural center Linköping Adjunkten 2 – Elderly care Sigtuna 2:227 – Pre-school
Slide 2: The Social Infrastructure Champion in Europe
THE SOCIAL INFRASTRUCTURE CHAMPION IN EUROPE 1 Stable cash flow – Backed by AAA-countries Growth fueled by three value-add strategies – Building right development and new 2 production, investments in existing portfolio and value-adding transactions Dividend – Proposed dividend of SEK 1.00 per A- and
Slide 3: SBB Overview and Key Highlights
SBB OVERVIEW AND KEY HIGHLIGHTS Company snapshot Company snapshot Portfolio book value by country Major city regions ✓ SBB operates in the world’s safest real estate asset classes – community service properties in the Nordics where tenants are government-funded and highly regulated Swedish residenti
Slide 4: SBB Creates Value from AAA Assets
SBB CREATES VALUE FROM “AAA” ASSETS Income overview Sovereign credit risk exposure in community service Government and government- Sovereign credit rating Classification Rental Income, SEKm % of Total Regulated rent residentials 846 15 backed tenants Building rights for regulated rent residentials 6
Slide 5: World-class team unlocking full potential through three value-add strategies
WORLD-CLASS TEAM UNLOCKING FULL POTENTIAL TO SBB’S SHAREHOLDERS THROUGH THREE VALUE-ADD STRATEGIES BEYOND TRADITIONAL PROPERTY MANAGEMENT The Social Infrastructure Champion in Europe Committed to value-add strategies Building rights development Investments in Value-adding and new production existing
Slide 6: SBB's Leading Business Model: Value-add Strategies
SBB’S LEADING BUSINESS MODEL: VALUE-ADD STRATEGIES Realising value of Strategic acquisitions Long-term value creation non-core/mature assets Maximising Value-add shareholder strategies value Building right development and new Value-adding transactions Investments in existing portfolio Value-adding t
Slide 7: Value-add Strategies: Building Rights Development and New Production
SBB’S VALUE-ADD STRATEGIES BUILDING RIGHTS DEVELOPMENT AND NEW PRODUCTION The Social Infrastructure Champion in Europe Krister Karlsson Deputy CEO and Property Development Manager Industry experience 36 years Building rights Investments in Value-adding development existing portfolio transactions and
Slide 8: Building Right Development and New Production Profit Q1 SEK 507m
BUILDING RIGHT DEVELOPMENT AND NEW PRODUCTION PROFIT Q1 SEK 507M No. 1 property developer in the Nordic region Utilising building rights to create value throughout the value chain Top Nordic property developers by building rights on own balance sheet (no. of residential units, c. 70 sq.m. per apartm
Slide 9: Value-add Strategies: Investments in Existing Portfolio
SBB’S VALUE-ADD STRATEGIES INVESTMENTS IN EXISTING PORTFOLIO The Social Infrastructure Champion in Europe Building rights Investments in Value-adding development existing portfolio transactions and new production Strong sustainability delivery ✓ 100% renewable electricity SEK +600m ✓ 95% total socia
Slide 10: Investments in Existing Portfolio
INVESTMENTS IN EXISTING PORTFOLIO Significant renovations upside potential with a clear ESG focus Significant avg. rental uplift after renovations in residential portfolio Average rent (SEK) per sq.m.: +SEK 421 after renovation ✓ Energy reduction from renovations average ~28% Stockholm prime, rent
Slide 11: Vision 2030, Sustainability Framework
VISION 2030, SUSTAINABILITY FRAMEWORK, ACCELERATING ENVIRONMENTAL INITIATIVES TOWARDS A MORE SUSTAINABLE WORLD Vision 2030 – to become the most sustainable property Sustainability Sustainability is the core of our business vision company by 2030 through sustainability being an model integrated part
Slide 12: Value-add Strategies: Value-adding Transactions
SBB’S VALUE-ADD STRATEGIES VALUE-ADDING TRANSACTIONS The Social Infrastructure Champion in Europe Building rights Investments in Value-adding development existing portfolio transactions and new production Oscar Lekander Carl Lundh Mortimer Business Development Project Development Manager Manager Ind
Slide 13: Value-adding Transactions
VALUE-ADDING TRANSACTIONS Clear M&A strategy in the world’s safest real estate class Significant transaction volume since inception Yearly transaction volume (SEKbn) Strategic acquisitions Structuring single SEK 84.5bn total acquisitions 2019–2021 assets into portfolios Divestments Acquisitions or s
Slide 14: Management and value-add strategies in practice
WORLD-CLASS TEAM UNLOCKING FULL POTENTIAL TO SBB’S SHAREHOLDERS THROUGH THREE VALUE-ADD STRATEGIES BEYOND TRADITIONAL PROPERTY MANAGEMENT The Social Infrastructure Champion in Europe Committed to value-add strategies Building rights development Investments in Value-adding and new production existing
Slide 15: Strong Operating Profit Q1 – Rolling 12 Months
STRONG OPERATING PROFIT Q1 – ROLLING 12 MONTHS Current earnings capability for the Group for 12 months SEKm Surplus ratio: 72% 7 000 6 000 5 677 2.55 5 000 SEK per ordinary 153 211 Class A and B 4 000 share* 1 572 156 150 849 3 000 2 000 4 105 3 470 3 626 1 000 0 Rental income Property costs NOI Cen
Slide 16: In Summary
IN SUMMARY… “For the full year 2021, earnings per ordinary share A and B are estimated to be SEK 5.15” Strong and stable cash flow backed by AAA-countries – SBB continues to deliver strong profits, secure cash flows and high growth. Profit after tax was SEK 2.7bn, an increase of 99 percent compared
Slide 17: Thank You!
THANK YOU! SBB Samhdllsbyggnadsbolaget {sBB) »
Samhällsbyggnadsbolaget i Norden AB (SBB) — Q1 2021 Earnings Presentation on 6ix