Corem Property Group Ab Class A · OMXSTO:CORE_A
Corem Property Group Ab Class A — Q1 2022 Earnings Presentation
32 slides from Corem Property Group Ab Class A's earnings presentation, Apr 27, 2022
Slide 1: Interim Report Q1 2022
Interim Report Q1 2022 2022-04-27 1
Slide 2: Properties for the future
Corem Property Group Properties Corem is a leading commercial real estate company, with a focus on urban and growth regions. In close dialogue with customers, we help create solutions for the that contribute to efficiency, profitability and mutual growth. Following a successful bid on Klövern, Corem
Slide 3: Key figures: properties, value, lettable area, occupancy
507 83,869 Properties Property value, SEKm 3,411 4,972 Lettable area, tsq.m. Rental value, SEKm 90 30.97 Economic occupancy NAV per ordinary share of rate in the investment Class A/B, SEK portfolio, % 3
Slide 4: Property portfolio
Property portfolio 4
Slide 5: A portfolio focused on major cities and growth regions
A portfolio focused on major cities and growth regions SEKbn 40 35 30 42% 9% 9% 25 Stockholm Gothenburg Copenhagen 20 15 10 5 – 5
Slide 6: Property types that complement each other
Property types that complement each other PROPERTY VALUE LETTABLE AREA BY PROPERTY TYPE BY TYPE Other 11% Other 13% Office 59% Office 42% Retail 10% Retail 6% Logistics 22% Logistics 37% 6
Slide 7: Tenants, lease term and contract maturity
4,300 4,972 CONTRACT MATURITY SEKm No. of tenants Rental value, SEKm 1 600 1 400 3.7 1,457 1 200 1 000 Average remaining Rental value, lease term, years SEK per sq.m. 800 600 90 400 200 Economic occupancy rate in the investment portfolio, % 0 2022 2023 2024 2025 2026- 7
Slide 8: Attractive customer mix
Attractive customer mix Baxter PENS). (zzz) postnord instabox | CODAN Ericsson Bf Linksping martinkservera — Swedbank@ = = bring asrenis tat I¢ ST Engineering Aerospace WURTH GROUP [TeENEnarygg Matftemse- @ruxincron Attendo@@Q — t) NOVARTIS GS din matbutik pa natet — . (ira) BEVEGO _abisell ool. EO
Slide 9: Net letting
Net letting Net letting totalled SEK 119 million* over the last four quarters and SEK 0 million for Q1 2022. *Net letting within Klövern is included from the start of the third quarter 2021 140 119 SEKm NET LETTING, Trailing 12 months 120 100 0 80 60 40 SEKm 20 NET LETTING , Q1 2022 0 -20 Q1 Q2 Q3 Q
Slide 10: Transactions
Transactions 10
Slide 11: Property transactions 2022
Property transactions 2022 Transactions during the quarter include -74.0 12 divestments made in order to concentrate the NET, NO OF PROPERTIES NET LETTABLE AREA DIVESTED 2022, DIVESTED, TSQ.M. portfolio. 11
Slide 12: The new Klövern AB – a residential property company for climate-smart rental
The new Klövern AB – a residential property company for climate-smart and efficient rental housing • Corem and ALM Equity have signed a contract to establish a joint company, with the purpose to develop space-efficient and climate-smart rental housing for own management. • The company will initially
Slide 13: Property development
Property development 13
Slide 14: Value adding property development
Value adding property development • Enables meeting changing market trends, as well as adapting properties to customer 12 3 451 needs. ongoing investment estimated projects, of SEK total investment, • Maintain and increase technical standard >50 million, no of SEKm and energy efficiency. • Project p
Slide 15: Ongoing commercial projects
Ongoing commercial projects 15
Slide 16: Investments, trailing 12 months
Investments, trailing 12 months 4 000 3 500 3 000 2 500 2 000 1 500 1 000 500 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 Core
Slide 17: Urban development projects
Urban development projects 17
Slide 18: Västerås
Vasteras corem
Slide 19: Uppsala Business Park
Uppsala Business Park corem 19
Slide 20: Stockholm, Söderstaden
Stockholm, Séderstaden corem | 20
Slide 21: Residential development
Residential development 21
Slide 22: Residential projects
Residential projects Corem will continue to engage in residential development projects, but to a limited extent and mainly associated with large urban development projects. Ongoing • Nacka Strand K1 • Phased sale of apartments, which started in October 2021 3,700 60 41 units sold, Net area, sq.m. re
Slide 23: Sustainability
Sustainability 23
Slide 24: A leader in sustainable property management
A leader in sustainable Good business partner and long-term value development property management Corem’s new long-term sustainability Attractive employer goals include: • All energy used in Corem's operations Reduced climate impact shall be fossil-free by 2030. • Corem shall be climate neutral thro
Slide 25: Key ratios and financing
Key ratios and financing 25
Slide 26: Property value and lettable area
Property value and lettable area SEKm 90 000 4 500 80 000 4 000 70 000 3 500 60 000 3 000 50 000 2 500 40 000 2 000 30 000 1 500 20 000 1 000 10 000 500 0 0 2015 2016 2017 2018 2019 2020 2021 Q1 2022 Property value, Corem Property value, Klövern Combined lettable area, t.sq.m. 26
Slide 27: Property value and rental value per sq.m.
Property value and Rental value, per sq.m. SEK/Sq.m. 25 000 1 500 20 000 1 200 15 000 900 10 000 600 5 000 300 - - 2015 2016 2017 2018 2019 2020 2021 Q1 2022 Property value per sqm Rental value per sqm 27
Slide 28: Profit from property management
Profit from property management SEKm 1600 1400 1200 1000 800 600 400 200 0 2015 2016 2017 2018 2019 2020 2021 Q1 2022 Trailing 12 months 28
Slide 29: Financing
Financing BBB- STABLE OUTLOOK AVERAGE INTEREST RATE INTEREST COVERAGE RATIO LTV % 3,5 70 4,5 3 60 4,0 3,5 2,5 50 3,0 2 40 2,5 1,5 30 2,0 1 20 1,5 0,5 10 1,0 0 0,5 0 2015 2016 2017 2018 2019 2020 2021 Q1 2015 2016 2017 2018 2019 2020 2021 Q1 0,0 2022 2022 2015 2016 2017 2018 2019 2020 2021 2022 Trail
Slide 30: Net Asset Value (NAV) per ordinary share Class A and B
Net Asset Value (NAV) per ordinary share Class A and B 35 30 25 20 15 10 5 0 2015 2016 2017 2018 2019 2020 2021 Q1 2022 30
Slide 31: Outlook
Outlook • Strong underlying business model • Property portfolio well positioned also for changing markets • Stable finances with aim to attain an investment grade rating from one of the three large rating agencies during 2023 31
Slide 32: Distribution or copying of this presentation is prohibited
32 All review, distribution, distribution or copying of this presentation is prohibited.