Sveafastigheter Ab · OMXSTO:SVEAF
Sveafastigheter Ab — Q1 2025 Earnings Presentation
20 slides from Sveafastigheter Ab's earnings presentation, May 13, 2025
Slide 1: Interim Report 1 January-31 March 2025
& Sveafastigheter INTERIM REPORT 1 JANUARY-31 MARCH 2025
Slide 2: Presenting today
Presenting today Erik Hävermark CEO 2 2
Slide 3: About
About 3
Slide 4: Our mission is to manage and develop homes for more people
Our mission is to manage and develop homes for more people, where current and future generations can thrive and feel safe
Slide 5: Our history
Our history 2 a = S 5 - & ‘Sveafastigheters property portfolio = and organization derives from three FS separate companies * m 3 ‘Samhillsbyggnadsbolaget i Norden AB (SBB) ~ 8,074 apartments in investment properties ® 3,831 apartments in development g Property management organization ‘Sveafastighete
Slide 6: Business model based on operational efficiency and profitable organic growth
Business model based on operational efficency and profitable organic growth 6 6
Slide 7: Q1 Performance
at Q1 Performance SN
Slide 8: Increased profit and growth
Increased profit and growth FINANCIAL HIGHLIGHTS, JANUARY – MARCH 2025 (SEK) Rental income Net operating Profit from property Changes in property Profit/loss for the income management* values** period* 376m 217m 60m -72m 39m +20.4% + 31.3% 8 8 *Non-recurring costs of 11m during the quarter. ** 178m
Slide 9: Delivering on our strategy
Delivering on our strategy COMPLETED NEW CONSTRUCTION AND RENTAL INCOME (mSEK) APARTMENT UPGRADES (# OF APARTMENTS) New construction Upgraded apartments 376 140 120 122 312 60 55 +6.1% like-for-like 23 22 14 Q1 2024 Q1 2025 4.9% Q2 2024* Q3 2024 Q4 2024 Q1 2025 annual rent increase for NET OPERATING
Slide 10: Increased occupancy rate
Increased occupancy rate OCCUPANCY RATE (%) COMMENTS Sveafastigheter established 100% of properties in its present form managed internally • Continued focus on increasing 97.0 occupancy rate. 96.0 • Occupancy rate for assets older 95.2 than 3 years increased by 0.7 94.7 94.9 percentage points since
Slide 11: Continued focus on sustainability
Continued focus on sustainability HIGHLIGHTS SUSTAINABILITY TARGETS • SEK 16m invested in profitable energy projects • The Board of Directors adopted overall targets • Completed the calculation of scopes 1 and 2, as well as parts of scope 3 Environment (E) Social (S) Governance (G) • A pilot study -
Slide 12: Properties under management
Properties under management HIGHLIGHTS • Yearly rent increase completed at 4.9 percent • 55 apartments have been renovated during the quarter • SEK 16m invested in profitable energy projects • Brought customer service in-house • Won the prize for Greatest improvement in Service Index at the annual g
Slide 13: Properties under management
Properties under management 13 13
Slide 14: Properties under construction
Properties under construction HIGHLIGHTS • 908 apartments under construction with estimated rental value of SEK 125m • 122 apartments completed during the quarter in Umeå FOCUS GOING FORWARD • Execute ongoing production in line with budget and timetable • Construction starts and completions in 2025
Slide 15: Properties in project development and building rights
Properties in project development and building rights FOCUS GOING FORWARD • Acquire or obtain land allocations with a focus on Greater Stockholm TARGETS • Obtain land allocation agreements for new production for at least 800 apartments annually during the coming five years 5,358 SEK 16.0bn SEK 847m
Slide 16: Earnings capacity
Earnings capacity Properties under Ongoing Amount in mSEK management construction* Total COMMENTS Rental value 1,606 13 1,618 Vacancy -81 0 -81 • Other income relates to external Rental income 1,524 13 1,537 property management assignment Property expenses -498 -2 -500 Net operating income 1,027 10
Slide 17: Solid financial structure
Solid financial structure HIGHLIGHTS • Solid financial structure • After the end of quarter, Sveafastigheter received an expected credit rating of BBB- with Positive Outlook from Fitch Ratings FOCUS GOING FORWARD • Maintain a strong balance sheet and an attractive funding mix TARGETS • Loan-to-value
Slide 18: Key takeaways
Key takeaways Strong growth – Total net operating income increased 31.3% and like-for-like 13.9% Improved profit from property management to SEK 60m, despite one-off costs Improved occupancy rate – increased by 0.6 percentage points since Sveafastigheter was established Increased pace for apartment
Slide 19: Q&A
Q&A 19
Slide 20: ir@sveafastigheter.se
a Sveafastigheter ir@sveafastigheter.se