Eastnine Ab · OMXSTO:EAST
Eastnine Ab — Q2 2023 Earnings Presentation
20 slides from Eastnine Ab's earnings presentation, June 2023
Slide 1: Interim Report January-June 2023
See ea INTERIVPREPORT A HI Lin ce INIA | Hl In In i any t
Slide 2: Highlights
Highlights New records for the period January-June: ~ Net operating profit +41 % ~ Profit from property management +49 % ° Mixed outcome, Q2 vs Q1: — Net operating profit +2 % ~ Profit from property management -10 % * Negative unrealised value changes during the period — Properties: -4.1 % ~ Investm
Slide 3: Economic outlook & real estate markets
Economic outlook & real estate markets eastnine ©
Slide 4: Macroeconomic outlook
Macroeconomic outlook Real GDP towards zero oe 6 8 2018 2019 2020 2021 2022 2023F —latvia ——Lithuania Poland ——Euro area Source: Eurostat, European Commission, Swedbank 20 15 10 0 2018 Inflation to fall further —Latvia Poland 2019 2020 2021 2022 —Lithuania ——Euro area % Expected increase in 2 unempl
Slide 5: Prime offices
Prime offices EuR/sqm/ Rent level increases in EUR/sqm/ ganonth Vilnius & Poznan yeagoy 20 240 45 180 10 120 5 60 0 0 2016 2017 2018 2019 2020 2021 2022 2023 Q2 Poznan mRiga m Vilnius Source: Colliers, JLL, Cushman & Wakefield No clear trend for vacancies* 20 16 12 oO; , T T T T T 1 2016 2017 2018 2
Slide 6: Properties and tenants
Properties and tenants eastnine ©
Slide 7: Eastnine's property portfolio
Eastnine’s property portfolio @ Helsinki Stockholm @ Berlin EUR 78m ~13 % EUR 387m ~67 %
Slide 8: Tenants and rents
Tenants and rents Premises, area | 7 Other Retail and - 0.5% 3.6% 1 | Offices 95.9% Tenants, area CT LE 51.3 Finance ET 47.6 E-commerce ST 35.9 Manufacturing Mm 8.8 Retail & service MEM 8.0 Law&audit Mm 7.8 Cowork mm 3.1 Public sector 2.6 Medical &health ™ 2.2 Otherservices Mmm 8.3 0.0 20.0 40.0 60.
Slide 9: Sustainability & real estate
Sustainability & real estate Certified property area Green lease agreements EU Taxonomy aligned turnover* 68 % Pw ALLBRIGHT 1 place out of 361 listed companies R E S Trust index 95 % wR 2022 eastnine O
Slide 10: Financial overview
Financial overview eastnine ©
Slide 11: Income Statement - highlights
Income Statement - highlights Profit from property management increased by 49 % during the period and Rentalincome 9,092 7,350 18,143 13,576 434 31 % during the quarter. Property expenses -537 -797 -33 -1,213 -1,527 -21 ° Larger property portfolio affected mainly Net operating income +31 | 16,930 12
Slide 12: Unrealised value changes properties
Unrealised value changes properties ° Negative unrealised value changes: EUR 24.7m, corresponding to -4.1 %. ° Main reasons: ~ Negative effect from an increase in weighted yield requirement: +0.5 %-points to 6.1 % - Positive effect from an increase in average market rent: +0.4 EUR/sq. m./month to EU
Slide 13: Earning capacity properties
Earning capacity properties EURk 2023-06-30 2023-03-31 Change, % ° Rental value and rental income are basically unchanged Rental value Less vacancy values Rentalincome Property expenses Net operatingincome Central administration Interest expenses Other financial income & expenses Profit from propert
Slide 14: Financing structure
Financing structure Key figures Loan maturity (including amortisations) and interest maturity EURmin % 2023-06-30/ 2022-12-31/ 45% Jan-Jun 2023 | Jan-Jun 2022 ° A% 40% 36% Interest rate level, % 4.0 3.4 35% 30% Net LTV properties, % 52 51 25% 25% 5% 21% Equity/asset ratio, % 54 57 20% 17% 15% 13% IC
Slide 15: Shareholders
Shareholders * Shareholding by the end of May — ~5,500 shareholders ~ ~80 % Swedish shareholding ~ Three major shareholders owned 49.6 % * Bonnier Fastigheter Invest announced, at the end of June, the acquisition of 778 096 shares, 3.5 %, in Eastnine. New ownership 17.2 %. 15 Shareholders May 31, 20
Slide 16: Our growth journey
Our growth journey eastnine ©
Slide 17: Income and value
Income and value Property portfolio Rental income Equity 34.9 600 606 582 35 30.3 500 479 500 4T0 30 426 400 376 400 372 25 215 310 20 19.2 300 268 300 290 241 15 13.3 200 200 159 1 9 100 100 | 5 | 0 0 0 2018 2019 2020 2021 2022 2023 Q2 2018 2019 2020 2021 20222023 Q2* 2018 2019 2020 2021 2022 2023
Slide 18: Profitability and value per share
Profitability and value per share Profit from property Long-term equity/share Dividend/share EUR management/share SEK SEK 0.8 0.73 300 4.0 34 0.7 243 3.5 0.60 250 230 30 3.0 0.6 3.0 2.7 200 182 0.47 0.5 043 a 25 23 0.4 150 137 2.0 116 0.26 0.3 100 15 0.2 0.14 1.0 50 0.1 | 0.5 0 0 0.0 2018 2019 2020
Slide 19: An investment in Eastnine
1. Unique portfolio 2. Strong and stable cash 3. Leading in Modern office properties generation sustainability Alarger property po in prime locations. * High property yield * Portfolio with high improves profitability. _. Geographic focus: Baltics compared to the Nordics. environmental * Divestmento
Slide 20: eastnine ©
eastnine ©