Samhallsbyggnadsbolaget I Norden Ab Class B · OMXSTO:SBB_B
Samhallsbyggnadsbolaget I Norden Ab Class B — Q2 2022 Earnings Presentation
15 slides from Samhallsbyggnadsbolaget I Norden Ab Class B's earnings presentation, Jul 14, 2022
Slide 1: The Social Infrastructure Champion in Europe
THE SOCIAL INFRASTRUCTURE CHAMPION IN EUROPE 14 July, 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: 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 3: 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 2 395 33 Building rights for regulated rent residentials
Slide 4: Overview of Property Portfolio
OVERVIEW OF PROPERTY PORTFOLIO Dynamics of SBB’s Property Portfolio WAULT, community service properties¹, yrs ▪ Credit worthy Majority Credit Worthy tenants,ofdirectly or indirectly tax financed income directly from Nordic states or 11 years 11 years 9 years Tenants local, government backed, munic
Slide 5: Demographic Needs and Supply Shortage of Social Infrastructure Properties in Sweden
DEMOGRAPHIC NEEDS AND SUPPLY SHORTAGE OF SOCIAL INFRASTRUCTURE PROPERTIES IN SWEDEN Shortage General population growth Age group 10-19 yrs ✓560 new elderly care units until 2026 Age group 80+ yrs ✓74 new health care centers until 2026 +4.6% +10% ✓1,000 new schools and pre-schools until 2030 until 20
Slide 6: Key Ratios for the Second Quarter 2022
KEY RATIOS FOR THE SECOND QUARTER 2022 Key take away’s – Consolidated income statement Q2 2022 Q2 2021 Difference Comments Rental income for the period 1,878m 1,451m +29% Net operating income 1,290m 1,019m +27% ◼ Rental income in comparable portfolios (like for like) Cash flow from operating activit
Slide 7: The Group's Earnings Capacity Going Forward – Rolling 12 Months
THE GROUP’S EARNINGS CAPACITY GOING FORWARD – ROLLING 12 MONTHS Current earnings capability for the Group for 12 months SEKm Surplus ratio: 74% 8 000 7 291 7 000 3.53 1 166 100 SEK per ordinary Class A and B 6 000 share 73 5 000 1 894 200 1 402 4 000 3 000 5 397 5 061 5 134 2 000 1 000 0 Rental inco
Slide 8: The Strengthening of the Balance Sheet Continues
THE STRENGTHENING OF THE BALANCE SHEET CONTINUES Break down over disposals with focus on a stronger balance sheet Property sales April-July 2022 SEKm Total property value 9,503 Deduction for deferred tax -326 Net after deduction of deferred tax 9,177 Book value 9,275 SBB has sold properties, equity-
Slide 9: Strong Balance Sheet with Deleveraging in Focus
STRONG BALANCE SHEET WITH DELEVERAGING IN FOCUS Loan-to-Value Interest Coverage Ratio Financial Target Q2-2020 Q2-2021 Q2-2022 Financial Target Q2-2020 Q2-2021 Q2-2022 LTV LTV Target ICR ICR Target 5,2x 5,6x LTV 50% 3,5% 46% ICR >3.0x <50% 37% Q1-2020 Q2-2020 Q1-2021 Q2-2021 Q1-2022 Q2-2022 Q1-2020
Slide 10: Strong Balance Sheet with a Low Cost of Debt and Long-Dated Maturity Profile
STRONG BALANCE SHEET WITH A LOW COST OF DEBT AND LONG-DATED MATURITY PROFILE Diverse debt and capital structure Long-dated maturity profile Latest Developments Debt structure 6% 16% 27% 6% 7% 38% SBB has, on 13th July, During the next 12 months we have bond maturities of SEK 3.7bn of successfully pr
Slide 11: Selection of SBB's Largest Joint Ventures and Associated Companies
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 12: 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 13: 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 14: Key Highlights in Summary
KEY HIGHLIGHTS IN SUMMARY 1 CPI-linked rental income - strong increase of rental income during the first half of the year, exceeds base inflation by 1.3 percent ▪ SBB has as an internal goal that our average annual increases of rental income in comparable holdings shall exceed CPI with 100 basis poi
Slide 15: Thank You!
THANK YOU! SBB Samhdllsbyggnadsbolaget {sBB) “
Samhällsbyggnadsbolaget i Norden AB (SBB) — Q2 2022 Earnings Presentation on 6ix