Platzer Fastigheter Holding Ab Class B · OMXSTO:PLAZ_B
Platzer Fastigheter Holding Ab Class B — Q1 2025 Earnings Presentation
27 slides from Platzer Fastigheter Holding Ab Class B's earnings presentation, Apr 11, 2025
Slide 1: Q1 1 January – 31 March 2025
Q1 1 January – 31 March 2025 CEO Johanna Hult Rentsch, acting CFO Ulrika Danielsson 11 April 2025
Slide 2: Strong earnings in an unpredictable world
‘Strong earnings in an unpredictable world’ Platzer | 2
Slide 3: Summary period January–March 2025
Summary period January–March 2025 • Rental income increased by 10% to SEK 445 million • Operating surplus increased by 11% to SEK 348 million • Income from property management increased by 16% to SEK 195 million • Net lettings amounted to SEK –3 million • Retention rate 88% • Nordic Credit Rating co
Slide 4: Summary of the first quarter
Summary of the first quarter Recruitment • Jakob Nilsson, CFO • Kristina Månesköld, Chief Legal Officer Property sales • School, Södra Änggården Project start • Parking garage, Södra Änggården Platzer | 4
Slide 5: After the end of the period
After the end of the period Södra Änggården • Transfer concluded of residential building rights Sörred Logistics Park • Lease agreement signed with Speed Group (30,000 sqm) – initiating project start of V3 • Investment volume: SEK 350 million • Annual rental: SEK 27 million Platzer | 5
Slide 6: The Gothenburg Market
The Gothenburg Market Platzer | 6
Slide 7: Economic activity in Gothenburg
Economic activity in Gothenburg Platzer | 7
Slide 8: Economic activity in Gothenburg
Economic activity in Gothenburg Platzer | 8
Slide 9: Economic activity in Gothenburg
Economic activity in Gothenburg Platzer | 9
Slide 10: Economic activity in Gothenburg
Economic activity in Gothenburg Platzer | 10
Slide 11: Economic activity in Gothenburg
Economic activity in Gothenburg Platzer | 11
Slide 12: Industrial and Logistics
Industrial and Logistics LIQUID TRANSACTION STABLE MARKET RENTAL LEVELS VACANY RATE 4% Platzer | 12
Slide 13: Offices
Offices ACTIVE TRANSACTION STABLE MARKET RENTAL LEVELS VACANY RATE 12% Platzer | 13
Slide 14: Gothenburgs central office market
Gothenburgs central office market Take up 5 years average, Stable rental development Take up in Central Gothenburg Rental development per classification Source: Citymark Q125 Platzer | 14
Slide 15: Office workers / Gothenburg
Office workers / Gothenburg Employed in office-intensive sectors in Gothenburg and Mölndal Forecast Källa: Citymark Q1 25 Platzer | 15
Slide 16: Sustainability
Sustainability
Slide 17: Energy efficiency
Energy efficiency 300 Specific energy use kWh/sqm A-temp Energy 250 consumption (kWh/sqm) 200 Performance 2023 Performance 2024 150 117 kWh/ 100 sqm 50 72 70 kWh/ kWh/ sqm sqm 0 2013 2024 Target 2025 - 39 % Platzer | 17
Slide 18: Results and Financing
Results and Financing
Slide 19: Financial performance Q1
Financial performance Q1 Income from property Rental income Net Operating Income management SEKm 445 / +10% SEKm 348 / +11% SEKm 195 / +16% After the end of the period: Net investment Stable property values Sales SEK 390 million SEKm -438 Residential building rights Net interest-bearing Loan-to-valu
Slide 20: Change in net operating income Q1 2025 compared to Q1 2024
Change in net operating incom Q1 2025 compared to Q1 2024 2024 Q1 Like-for-like Project Transaction 2025 Q1 Rental income SEKm 404 SEKm +7 SEKm +4 SEKm +30 SEKm +445 +10% Property cost SEKm -91 SEKm -2 SEKm -0 SEKm -4 SEKm -97 Net operating income SEKm 313 SEKm +5 SEKm +4 SEKm +26 SEKm 348 +11% +2%
Slide 21: Interest maturity structure and interest coverage ratio
SEKm Interest maturity structure 6 000 34% 5 000 Average interest rate Interest coverage ratio 4 000 3,67% 2.3 times 3 000 14% 14% 2 000 12% 12% 11% 1 000 3% Net interest-bearing 0 Interest rate duration 0-1 1-2 2-3 3-4 4-5 5-6 6-10 debt/EBITDA 3.1 years years years years years years years years 11,
Slide 22: Our Plan Going Forward
Our Plan Going Forward
Slide 23: Project starts
Project starts Parking garage, Södra Änggården V3, Sörred Logistic Park Platzer | 23
Slide 24: Strategic transactions
Strategic transactions Residential building rights V4, Sörred Logistic Park - ongoing Södra Änggården – April Platzer | 24
Slide 25: Development opportunities: 300,000 sqm
Development opportunities: 300,000 sqm Industrial & Logistics 27% Office 73% 80,000 sqm 220,000 sqm Port View, Arendal Arendal Gamlestaden Platzer | 25
Slide 26: Development opportunities: 300,000 sqm
Development opportunities: 300,000 sqm Industrial & Logistics 27 % Offices 73 % 80 000 sqm 220 000 sqm Stora Blå, Lilla Bommen Stora Blå, Lilla Bommen Medicinareberget Platzer | 26
Slide 27: We will make Gothenburg the best city in Europe to work in
We will make Gothenburg the best city in Europe to work in
Platzer Fastigheter Holding — Q1 2025 Earnings Presentation on 6ix