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: Q1 2025 summary – continued growth
Q1 2025 summary – continued growth Highlights Rental income development Key figures SEKm Agreement signed to acquire a portfolio of three properties from NP3, +5% with a total value of SEK 463 million Rental income grew 20% in the quarter YoY, an effect of acquisitions, 136 SEK 7.4bn completed p
Slide 5: Tenants and lease maturity development – WAULT of 8.4 years
Tenants and lease maturity development– WAULT of 8.4 years Tenant base – including ongoing projects Rental income split Lease maturity structure – 85% of leases mature 2030 and beyond Top 10 largest tenants1 32% Rental value Tenant Category SEKm % Discount 45% Dollarstore Discount 101 20% Willys Gro
Slide 6: Property portfolio – again, small yield changes in the quarter
Property portfolio – again, small yield changes in the quarter Property portfolio Changes in the property portfolio (Q4’24 vs. Q1’25) SEKm Norway +56 Project properties +63 -72 51 +108 Denmark 740 1 209 Property value Property value per geography, per type, 7 428 7 273 SEKm SEKm Sweden 6 169 Propert
Slide 7: Current development portfolio – five ongoing projects with 7.8% avg YoC
Current development portfolio – five ongoing projects with 7,8% avg YoC Project portfolio overview Estimations, SEKm Estimated NLA, Property name Country Municipality Category Rental Total Remaining WAULT, completion sqm NOI value investment investment years Börstil 11:14 Sweden Östhammar Discount 2
Slide 8: Construction Starts – Q2 2025 to Q2 2026
Construction Starts – Q2 2025 to Q2 2026 Planned projects Tenant Municipality NLA sqm Investment (Msek) Q125 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q4 26 Q1 27 Dollarstore Gothenburg, SE Started Q1 Willys Lycksele, SE Started Q1 Lager 157 Hjörring, DK Started Q1 Lidl, Jysk, Discount Mora, SE Started Q1
Slide 9: Shareholders as of Mar 31st
Shareholders as of Mar 31st Shareholders # shares % Alma Property Partners II 57 711 693 35,1% Alma Property Partners I 33 369 325 20,3% Capital Group 9 781 818 5,9% Bonnier Fastigheter Invest 8 807 382 5,4% Swedbank Robur Fonder 6 998 357 4,3% Länsförsäkringar Fonder 6 627 636 4,0% Tredje AP-fonden
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 excl other income Net operating income & surplus ratio Profit from property management, adjusted *) SEKm SEKm SEKm +5% Rental income growth 413 attributable to project 91% 393 completions
Slide 12: Capital structure – stable financial position
Capital structure – stable financial position Selected metrics as of 31 Mar 2025 6% 7% 36% 42% 35% 55% 2.4x 15% Gross LTV Net LTV Equity ratio Interest coverage ratio SEK 3,156 36% 4.43% 3.2 2.7 (4,35%) Debt maturity, Average period of Average years interest, years interest rate Nordea Swedbank Spar
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 Apr 25 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 15 PRISMA
Slide 16: Appendix
Appendix Algutsum 20:24, Mörbylånga
Slide 17: Income statement
Income statement 2025 2024 R12 2024 SEK million Jan-March Jan-March 2024/2025 Jan-Dec Rental income 113 94 413 393 Invoiced property costs 13 10 45 42 Property costs -27 -18 -79 -70 Net operating income 99 85 379 364 Administration and other costs -18 -33 -89 -104 Financial income 2 0 19 17 Financia
Slide 18: Balance sheet
Balance sheet 2025 2024 2025 2024 SEK million 31-mar 31-mar SEK million 31-mar 31-mar ASSETS EQUITY Fixed assets Equity Intangible assets Share capital 1 0 Goodwill 174 180 Equity attributable to parent company's shareholders 4 610 3 298 Other intangible assets 4 2 Equity attributable to non-control
Slide 19: Cash flow statement
Cash flow statement 2025 2024 R12 2024 SEK million Jan-March Jan-March 2024/2025 Jan-Dec Operating activities Earnings before tax 111 -12 209 86 Adjustments for items not included in the cash flow -64 21 -44 41 Financial items 1 -17 13 -5 Unrealised change in value of investment properties -56 40 -9
Slide 20: Prisma Properties
PRISMA PROPERTIES