Samhallsbyggnadsbolaget I Norden Ab Class B · OMXSTO:SBB_B
Samhallsbyggnadsbolaget I Norden Ab Class B — Q4 2021 Earnings Presentation
15 slides from Samhallsbyggnadsbolaget I Norden Ab Class B's earnings presentation, Feb 23, 2022
Slide 1: The Social Infrastructure Champion in Europe
THE SOCIAL INFRASTRUCTURE CHAMPION IN EUROPE 23 February, 2022 Skellefteå Perseus 6 – Cultural center Linköping Adjunkten 2 – Elderly care Apx. 2 PERCENT OF THE SWEDISH POPULATION IS NOW A SHAREHOLDER IN THE SOCIAL INFRASTRUCTURE CHAMPION IN EUROPE Sigtuna 2:227 – Pre-school
Slide 2: Continues to deliver an even stronger operating profit – rolling 12 months
CONTINUES TO DELIVER AN EVEN STRONGER OPERATING PROFIT – ROLLING 12 MONTHS Current earnings capability for the Group for 12 months SEKm Surplus ratio: 73% 8 000 7 000 7 017 3.59 SEK per ordinary 1 100 129 Class A and B 6 000 share 5 000 946 1 887 200 4 000 3 000 5 130 5 213 2 000 1 000 0 Rental inco
Slide 3: Continuing to deliver on operations and cash conversion
CONTINUING TO DELIVER ON OPERATIONS AND CASH CONVERSION Key notes from the quarter Quarterly numbers ✓ Like for like – rental growth – corresponding to an increase of 1.8% ✓ Like for like – net operating income – corresponding to an increase of 4.7% ✓ Operating profit amounted to SEK 5,397m. Adjuste
Slide 4: Delivering successfully integrating on recent acquisitions and achieving the anticipated synergies
DELIVERING SUCCESSFULLY INTEGRATING ON RECENT ACQUISITIONS AND ACHIEVING THE ANTICIPATED SYNERGIES S&P adjusted Debt/(Debt + Equity) Comments Financial thresholds Q1-2019 Q4-2019 Q4-2021 ▪ The management has shown commitment to deliver on adjusted debt to debt plus equity remaining well below 55%, d
Slide 5: Increased focus on residential properties
INCREASED FOCUS ON RESIDENTIAL PROPERTIES High growth within the Residential Segment Strong position in the residential market with lowest risk in Europe ✓ Rents more stable than European peers - Since 1969 rent levels MARKET VALUE RESIDENTIAL AND SHARE OF TOTAL PORTFOLIO have increased on with infl
Slide 6: The highest net asset value growth 2019-2021
THE HIGHEST NET ASSET VALUE GROWTH 2019-2021 EPRA NRV per share DEVELOPMENT OF THE LONG-TERM NET ASSET VALUE PER ORDINARY A AND B SHARE (EPRA NRV) Q4 2021 50,00 45.11 45,00 SEK per ordinary 40,00 45,11 Class A and B share 35,00 30,00 34,55 31,23 31,02 SEK 25,00 28,21 20,00 24,36 15,00 20,04 19,52 19
Slide 7: 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 100% of tenants are sovereign or state-financed organisations and hi
Slide 8: 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 Rental Income, Classification SEKm % of Total backed tenants Regulated rent residentials 2 225 32 Building rights for regulated rent residentials
Slide 9: Selection of SBB’s largest joint ventures and associated companies – SBB’s value SEK 35bn
SELECTION OF SBB’S LARGEST JOINT VENTURES AND ASSOCIATED COMPANIES – SBB’S VALUE SEK 35BN Svenska Myndighetsbyggnader AB Public Property Invest AS SBB Kåpan AB SMB owns and manages properties for the judiciary, the PPI owns and manages properties for the judiciary and SBB Kåpan AB owns and manages p
Slide 10: No. 1 property developer in Europe
NO. 1 PROPERTY DEVELOPER IN EUROPE No. 1 property developer Utilising building rights to create value throughout the value chain Top property developer by project portfolio ✓ Annual target: SEK 2,000 – 2,500m (no. of apartments, c. 70 sq.m. per apartment) FY 2021: SEK 6,612m The No. 1 Real Estate De
Slide 11: Vision 2030 - Becoming climate positive in the entire value chain
VISION 2030 - BECOMING CLIMATE POSITIVE IN THE ENTIRE VALUE CHAIN Vision 2030 ✓ Climate positive in the entire value chain ✓ At least 90% social assets in the property portfolio ✓ Climate-adapted property portfolio that can cope with climate risks E Environmental targets S Social targets G Governanc
Slide 12: Recognition of ESG performance
RECOGNITION OF ESG PERFORMANCE ESG ratings Upgraded from BB to A 30% 20% 10% 0% CCC B BB BBB A AA AAA Risk reduced by 2.4 to 11.5, threshold for negligible ESG-Risk is 10.0 Peers (Market cap $7.6-$9.6bn) Exposure Management ESG-Risk Rating 40% 1. Samhällsbyggnadsbolaget i Norden AB 27.2 Low 58.5 Str
Slide 13: The Social Infrastructure Champion in Europe
THE SOCIAL INFRASTRUCTURE CHAMPION IN EUROPE 1 Stable cash flow with large cash conversion – Backed by AAA-countries Growth fueled by unique investment platform combining property management 2 with our three value-add strategies – Building right development and new production, investments in existin
Slide 14: In summary…
IN SUMMARY… … continuing to deliver on operations and cash conversion… SBB’s rolling 12-month earnings capacity rose by 102 percent compared with the fourth quarter of 2020 and amounted to SEK 8,195m 1 (4,049) at the end of 2021. As of 31 December 2021, earnings capacity per series A and B ordinary
Slide 15: Thank you!
THANK YOU! SBB Samhdllsbyggnadsbolaget {sBB) “
Samhällsbyggnadsbolaget i Norden AB (SBB) — Q4 2021 Earnings Presentation on 6ix