Slide 1: Prisma Properties
PRISMA PROPERTIES
Slide 2: Today's presenters
Today’s presenters Fredrik Mässing Martin Lindqvist CEO CFO 2
Slide 3: Agenda
Agenda 1 Business update 2 Financial update 3 Q&A Stämpeln 1, Sollentuna
Slide 4: Q3 2024 summary – acquisition in Gothenburg and organisational development
Q3 2024 summary – acquisition in Gothenburg and organisational development Highlights Rental income development Key figures SEKm +13% Rental income grew 16% in the quarter YoY, an effect of acquisitions, completed projects and CPI-adjusted leases 124 SEK 6.6bn Number of properties Property market
Slide 5: Tenants and lease maturity development – WAULT of 9.1 years defended
Tenants and lease maturity development– WAULT of 9.1 years defended Tenant base – including ongoing projects Rental income split Lease maturity structure – 86% of leases mature 2030 and beyond Top 10 largest tenants1 Rental value Tenant Category SEKm % Discount 40% 45% Dollarstore Discount 91 20% Jy
Slide 6: Property portfolio – small positive value change in the quarter
Property portfolio – small positive value change in the quarter Property portfolio Changes in the property portfolio (Q3’24 vs. Q4’23) SEKm -32 +16 +318 Norway Project properties +327 50 Denmark 771 1 184 Property value Property value per per type, 6 594 geography, SEKm SEKm 5 964 Sweden 5 360 Prope
Slide 7: Current development portfolio – five ongoing projects
Current development portfolio – five ongoing projects Project portfolio overview Estimations, SEKm Estimated NLA, Property name Country Municipality Category Rental Total Remaining WAULT, completion sqm NOI value investment investment years Valsta Sweden Sigtuna Fast Food 2024 490 2,1 2,1 36 8 20 By
Slide 8: Construction Starts – Q4 2024 to Q4 2025
Construction Starts – Q4 2024 to Q4 2025 Planned projects Tenant Municipality NLA sqm Investment (Msek) Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q4 26 Rusta Vänersborg, SE 2 080 30 Dollarstore Östhammar, SE 3 100 48 Lager 157 Hjörring, DK 2 250 41 Dollarstore Thisted, DK 3 260 57 Lidl Uppsala
Slide 9: Shareholders as of Sep 30th
Shareholders as of Sep 30th Shareholders # shares % Alma Property Partners II AB 57 711 693 35,1% Alma Property Partners I AB 33 369 325 20,3% Capital Group 9 781 818 5,9% Bonnier Fastigheter Invest AB 8 807 382 5,4% Swedbank Robur Fonder 6 500 000 4,0% Länsförsäkringar Fonder 6 463 636 3,9% Tredje
Slide 10: Agenda
Agenda 1 Business update 2 Financial update 3 Q&A Stämpeln 1, Sollentuna
Slide 11: Income – growing rental income on the back of completed projects, acquisitions and CPI adjustments
Income – growing rental income on the back of completed projects, acquisitions and CPI adjustments Rental income Net operating income & surplus ratio Profit from property management, adjusted *) SEKm SEKm SEKm 13% 91% 90% 89% 89% Rental income growth attributable to projects 85% +11% 390 completions
Slide 12: Capital structure – stable financial position
Capital structure – stable financial position Selected metrics as of 30 Sep 2024 Nordea/Swedbank Tranche A, B & C 14% 45% 28% 56% 2.0x Niam Credit Gross LTV Net LTV Equity ratio Interest 7% coverage ratio SparNord SEK 2,947 79% 5.30% 2.1 3.1 (5,01%) Debt maturity, years Average period of Average int
Slide 13: Current earnings capacity
Current earnings capacity Current earnings capacity Comments The table to the left presents the current earnings capacity for Prisma’s property management operations on a twelve-month basis SEK million 1st Oct 24 The current earnings capacity is not a forecast and should only be considered as a
Slide 14: Agenda
Agenda 1 Business update 2 Financial update 3 Q&A Stämpeln 1, Sollentuna
Slide 15: Q&A
Q&A PRISMA
Slide 16: Appendix
Appendix Algutsum 20:24, Mörbylånga
Slide 17: Income statement
Income statement 2024 2023 2024 2023 R12 2023 SEK million Jul-Sep Jul-Sep Jan-Sep Jan-Sep 23/24 Jan-Dec Rental income 98 85 291 245 390 345 Invoiced property costs 10 10 30 34 42 45 Property costs -16 -14 -52 -47 -66 -61 Net operating income 92 80 269 233 366 330 Administration and other costs -18 -
Slide 18: Balance sheet
Balance sheet 2024 2023 2024 2023 SEK million 30-Sep 30-Sep SEK million 30-Sep 30-Sep ASSETS EQUITY Fixed assets Equity Intangible assets Share capital 1 0 Goodwill 174 191 Equity attributable to parent company's shareholders 4,467 2,852 Other intangible assets 3 1 Equity attributable to non-control
Slide 19: Cash flow statement
Cash flow statement 2024 2023 2024 2023 R12 2023 SEK million Jul-Sep Jul-Sep Jan-Sep Jan-Sep 23/24 Jan-Dec Operating activities Earnings before tax -27 9 -22 -29 -113 -120 Adjustments for items not included in the cash flow 14 16 91 104 206 219 Financial items -6 13 -16 -9 -8 - Unrealised change in
Slide 20: Prisma Properties
PRISMA PROPERTIES