Samhallsbyggnadsbolaget I Norden Ab Class B · OMXSTO:SBB_B
Samhallsbyggnadsbolaget I Norden Ab Class B — Q2 2025 Earnings Presentation
21 slides from Samhallsbyggnadsbolaget I Norden Ab Class B's earnings presentation, Aug 20, 2025
Slide 1: Gamla Uppsala 94:6 Q2 2025
Gamla Uppsala 94:6 Q2 2025 20 august 2025
Slide 2: Today's Presenters
TODAY’S PRESENTERS LEIV SYNNES DANIEL TELLBERG HELENA LINDAHL CEO Finance Director Treasury Director Q2 2025 |2
Slide 3: Q&A
Q&A A Q&A session will follow the presentation, and questions may be submitted by sending an email to ir@sbbnorden.se. Q2 2025 |3
Slide 4: Social Infrastructure in the Nordics, Residentials in Sweden
SOCIAL INFRASTRUCTURE IN THE NORDICS, RESIDENTIALS IN SWEDEN Community Residential Education Development Total Property exposure Total Property exposure Total Property exposure Total Property exposure 40.0 28.6 20.1 5.1 Property value Property value Property value Property value 19.4 18.6* 0.4 5.0 S
Slide 5: Highlights for the Period
HIGHLIGHTS FOR THE PERIOD ▪ Property exposure growth, + SEK 901mn ▪ Rental income increase +1.3%, like for like ▪ Net operating income +3.7%, like for like ▪ Nordiqus, Public Property Invest, Sveafastigheter issue debt with investment grades ▪ SBB share issue results in lower leverage ▪ Aker ASA bec
Slide 6: Community – Strong Fundamentals and Positive Rental Outlook
COMMUNITY – STRONG FUNDAMENTALS AND POSITIVE RENTAL OUTLOOK ▪ Leading and scalable platform ▪ Elderly care 31% of the property portfolio 40.0 ▪ Government funded tenants, minimal risk of rent loss 100% CPI-Linked ▪ Partnership confirms the strong value of the portfolio SEK bn Property exposure inclu
Slide 7: Public Property Invest ASA Expands Its Platform
PUBLIC PROPERTY INVEST ASA EXPANDS ITS PLATFORM PPI example acquisitions during the period ▪ PPI acquired 19 properties, 16 in Norway and 3 in Finland, during Ibsen Teater • 7,050 sqm the period • 100% let to Recovery Bo % Omsorg • Annual rent: NOK 16.6 mn ▪ SBB invested SEK 700mn in PPI shares • Wa
Slide 8: Residential – Increasing Rent Levels and Structural Benefits
RESIDENTIAL – INCREASING RENT LEVELS AND STRUCTURAL BENEFITS ▪ Residential holdings are concentrated to Sveafastigheter ▪ Listed on Nasdaq First North october 2024, uplisted to the Nasdaq Stockholm Main list in june 2025 ▪ Received an investment grade rating from Fitch in may 2025 ▪ Rent is expected
Slide 9: Sale of Non-Core Residential Assets
SALE OF NON-CORE RESIDENTIAL ASSETS ▪ Residential properties previously co-developed with Magnolia divested to a north american pension fund ▪ The divested portfolio is located in the greater stockholm area ▪ Lettable area: 20,500 Square meters ▪ Rental Value: SEK 65mn ▪ Property value: SEK 1,179mn
Slide 10: Education – Long Leases, Long Term Funding, High Predictability
EDUCATION – LONG LEASES, LONG TERM FUNDING, HIGH PREDICTABILITY ▪ SBB co-owns Nordiqus with Brookfield, one of the world’s largest infrastructure investors ▪ Nordiqus is Europe’s leading public education property platform with growth potential ▪ Acquired campus Borlänge, a new state of the art campu
Slide 11: Development
DEVELOPMENT ▪ Strategic and focused development acitivites converting potential into long term value and profits ▪ Allocated capital must generate at least a 15 percent return on equity ▪ Offering our tenants development expertise gives us competitive advantages SEK 5.1 bn Property exposure includin
Slide 12: Successful Development of Kriminalvårdens Hus, Västerås
SUCCESSFUL DEVELOPMENT OF KRIMINALVÅRDENS HUS, VÄSTERÅS ▪ 2017: SBB invests in a small commercial property in Västerås with development potential, established JV with K2A in 2018. ▪ Lettable area: 4,300 Square meters ▪ Annual rent: SEK 4.8 mn ▪ Term: 3 years ▪ 2025: Final lease agreement entered int
Slide 13: 26% Growth in Net Operating Income Like-for-Like Since January 2022
26 % GROWTH IN NET OPERATING INCOME LIKE-FOR LIKE SINCE JANUARY 2022 SBB Growth figures (Index 100 = 2021) 130 ▪ Regulated swedish residential and social 126,0 infrastructure with long leases provide limited Net operating income downside risk and long-term growth in income 120,9 ▪ Large property por
Slide 14: Strategy Execution On-Track
STRATEGY EXECUTION ON-TRACK Progress during the period: SBBs platforms drive sustainable growth ✓ Improving credit ratings in associated companies ✓ Transaction activity on the Nordic social infrastructure markets Effective cost control ✓ Reduction of central administration costs, year over year dec
Slide 15: Liquidity
LIQUIDITY Liquidity ▪ Total liquidity for SBB, consolidated, amounts to SEK 3.9bn Unused credit facility ▪ Unutilised credit facility SEK 1,125mn Cash investments 3,993 Cash and cash equivalents ▪ Cash investments SEK 180mn 1,125 ▪ Cash and cash equivalents SEK 2,689mn ▪ SBB, exkluding Sveafastighet
Slide 16: Strengthening Financial Stability
STRENGTHENING FINANCIAL STABILITY ▪ Lower loan to value, 59%. 2.3x ▪ Access to equity and debt in Nordiqus, Sveafastigheter, PPI & SBB Interest coverage ratio ▪ Refinancing of Joint ventures, SBB Infrastructure AB, SBB Social Facilities 59 % Loan to value AB & SBB Residential Property AB are a prior
Slide 17: Attractive Long-Term Funding
ATTRACTIVE LONG-TERM FUNDING SEKm Interest Rate Maturity 20,000 15,000 27% 28% 2.8 years Average interest rate maturity 19% 10,000 5,000 11% 14% 2.5 % Average interest rate 1% 0 2025 2026 2027 2028 2029 >2029 Debt Maturity SEKm 20,000 36% 15,000 2.7 years 2.3 x Average debt maturity Interest coverag
Slide 18: Financial Statements
FINANCIAL STATEMENTS Q2 2025 | 18
Slide 19: Key Takeaways – Consolidated Income Statement for Q2 2025
KEY TAKEAWAYS – CONSOLIDATED INCOME STATEMENT FOR Q2 2025 SEKm Q2 2025 Q2 2024 Profit impact Like-for-like Net operating income 1 155 1 444 -289 +3,7% Other property management income 95 11 84 Net Admin & Restructuring expenses -427 -557 130 Profit before financial items, value 822 899 -77 changes i
Slide 20: Key Takeaways – Consolidated Balance Sheet for the Period
KEY TAKEAWAY’S – CONSOLIDATED BALANCE SHEET FOR THE PERIOD SEKm 2025-06-30 2024-12-31 Goodwill 1 253 1 264 Investment properties 54 438 55 653 Other tangible assets 711 694 Net investment in JV:s and associated companies 23 979 23 007 Other financial fixed assets 1 365 1 360 Total fixed assets 81 74
Slide 21: To Summarize
TO SUMMARIZE 1 Subsidiaries drive growth 2 Effective cost control 3 Strengthened confidence in the core business 4 Increased access to capital Q2 2025 | 21
Samhällsbyggnadsbolaget i Norden — Q2 2025 Earnings Presentation on 6ix