Stendoerren Fastigheter Ab Class B · OMXSTO:STEF_B
Stendoerren Fastigheter Ab Class B — Stendörren Fastigheter — Q1 2022 Earnings Presentation
23 slides from Stendoerren Fastigheter Ab Class B's earnings presentation, 2022
Slide 1: First Quarter 2022 Stendörren
Slide 2: Introduction: Business idea, market opportunity and financial objectives
INTRODUCTION BUSINESS IDEA, MARKET OPPORTUNITY AND FINANCIAL OBJECTIVES BUSINESS IDEA Stend6rren creates profitable growth in net asset value by actively managing, developing and acquiring properties. Focus on logistics, warehouse and light industrial properties, primarily within Stockholm region an
Slide 3: Snapshot of Stendörren
SNAPSHOT OF STENDORREN PROPERTY VALUE! RENTAL VALUE? NOI YIELD? LETTABLE AREA! NAV5> LEASE DURATIONS BUILDING RIGHTS! SQ.M. sQ.M. 3.7 years 789,000 652,000 1) Property portfolio as per March 31, 2022 2) Estimated earnings capacity as of March 31, 2022 3) Excluding projects and land, 12 months averag
Slide 4: Snapshot of Stendörren - Continued
SNAPSHOT OF STENDORREN - CONTINUED + Stendérren creates profitable growth in net asset value by actively managing, developing and acquiring properties. Our focus is on logistics, warehouse and light BUSINESS industrial properties in growth regions, primarily in urban areas. IDEA + In addition, we de
Slide 5: Stendörren History in Short
STENDORREN HISTORY IN SHORT proven VALUE @1 2022 PROPERTY 12.0 VALUE 2021 BN PROPERTY 11.7 VALUE 2020 oN 136 PROPERTY 9.5 PROPERTIES VALUE 2019 an 135 PROPERTY — VALUE 2018 PROPERTIES 123 PROPERTY PROPERTIES VALUE 2017 PROPERTY 6.5 VALUE 2016 BN 5.8 100 The company BN received its first building PRO
Slide 6: Good Reasons to Own a Stendörren Share
4 GOOD REASONS TO OWN A STENDORREN SHARE STABLE CASH FLOW + High yielding logistics, warehouse and light industrial properties with long leases + The tenant base is diversified and consists of both well-established small to medium sized companies and large multinational businesses from different ind
Slide 7: 1. Stable Cash Flow
1. STABLE CASH FLOW DIVERSIFICATION WITH FOCUS ON GREATER STOCKHOLM PROPERTY PORTFOLIO OVERVIEW * Stendérren has a property portfolio of SEK 11,986m, with a property yield of 6.0%' as per 31 March 2022. + Rental value? of SEK 709m with an economic occupancy rate of 90% as per 31 March 2022. + Lease
Slide 8: 1. Stable Cash Flow - Continued
1. STABLE CASH FLOW - CONTINUED DIVERSIFIED TENANT BASE LARGEST TENANTS AS PER Qi 2022 LEASE MATURITY BY RENTAL INCOME Rental Share of income, Rental area, th. sq.m. total rental SEKm income Coop Logistics AB 66 130 10% Alfa Laval Tumba AB 14 20 2% Atta.45 Tryckeri AB 12 1 2% Montain Top 10 10 2% Un
Slide 9: Sustainable Growth: market drivers
Sources: SCB, Swedish Trade Federation, PostNord/HUI, CBRE
Slide 10: 2. Sustainable Growth - Continued
2. SUSTAINABLE GROWTH - CONTINUED STRONG GROWTH PROSPECTS FUTURE * Continued expansion in greater Stockholm and Malardalen. + Furthermore, new markets are continuously being evaluated, with the most recent acquisitions being two modern warehouse assets in the logistics cluster of Viared in Boras. +
Slide 11: 3. Value Growth in Projects
3. VALUE GROWTH IN PROJECTS PROJECT PORTFOLIO WITH LARGE POTENTIAL MUNICIPALITY Upplands-Bro Sédertalje Eskilstuna Stockholm Enképing Upplands-Bro Upplands-Bro Enképing Enképing Upplands-Bro Botkyrka Sollentuna Vasteras Uppsala ENVISAGED MAIN USE Logistics Logistics Logistics Light industrial Logist
Slide 12: 3. Value Growth in Projects - Continued
3. VALUE GROWTH IN PROJECTS - CONTINUED ONGOING PROJECTS TYPE OF PROPERTY DEVELOPMENT Almnés 5:23 New logistics Hjulsmeden 1 New light industrial Libroback 21:3 New light industrial Viby 19:66 New logistics Almnés 5:24 New light industrial Almnas 5:24 New light industrial Tegelbruket 1 New residenti
Slide 13: Tegelbruket in Botkyrka
3. VALUE GROWTH IN PROJECTS - CONTINUED TEGELBRUKET IN BOTKYRKA TEGELBRUKET + Example of underutilized asset in urban location. * Acquired in 2016 as a cash flow generating property, significant value unlocked through rezoning allowing for residential construction on underutilized parking lot. * Bui
Slide 14: Sustainability - Achievements
SUSTAINABILITY - ACHIEVEMENTS CLIMATE IMPACT KG CO2/SQ.M ENERGY INTENSITY KWH/SQ.M. DISTRIBUTION OF ENERGY SOURCES 6,00 140 " 41% 17% REDUCED CLIMATE IMPROVED ENERGY ™ Renewables ™Non-renewables 5,00 2021 (KgCO2.e/sc1m) 135 BETWEEN 2017-2021 130 4,00 125 3,00 120 2,00 ns no 1,00 105 0,00 100 2017-20
Slide 15: New Sustainability Strategy Adopted 2022
NEW SUSTAINABILITY STRATEGY ADOPTED 2022 OPERATIONAL RESOURCE ATTRACTIVE FUTURE- SOCIAL EXCELLENCE EFFICIENCY EMPLOYER PROOFING RESPONSIBILITY STRIVE FOR EQUALITY AND DIVERSITY AMONG ALL PROFESSIONAL CATEGORIES AND AIM TO HAVE A 40/60 GENDER DISTRIBUTION FOR SENIOR POSITIONS BY 2025 ANNUAL FOLLOW-UP
Slide 16: 4. Finance Months to March 2022
4. FINANCE 12 MONTHS TO MARCH 2022 PROPERTY VALUE: 11,986 MSEK NET OPERATING INCOME: 506 MSEK LETTABLE AREA: — 789.000 M2 rauiry Rarte: 1,264 MSEK a 44% RENTAL INCOME: 669 MSEK aot sae a HUB® G G GEGEB nestor Presentation
Slide 17: Rental value to net income bridge
Rental value Vacancy Other income Property Central admin Financing Value changes Taxes Net income expenses costs
Slide 18: 4. Finance - Highlights from Q1 Report
4. FINANCE - CONTINUED HIGHLIGHTS FROM Q1 REPORT NET LETTING (MSEK) ECONOMIC OCCUPANCY (%) Excluding bankrupt ‘econd lar ant a a2 a3 as] a a2 as ala a2 as aa] a 2019 2020 2021 2022 EXCESS RATIO (%) COMMENTS Net letting of SEK 15 million during first quarter 2022. New lease agreements with an annual
Slide 19: 4. Finance - Financial Targets
4. FINANCE - CONTINUED FINANCIAL TARGETS ROE (%) 26 26 a2 @3 a4 2018 2019 2020 ICR (times) 32 3,0 3,0 2.0 times a a2 as a4far a2 a3 a4 2020 Investor Presentation NAV GROWTH (%) EQUITY RATIO (%) 40 41 40 40 40 40 4! 35% 20% a a2 @3 aa 2020
Slide 20: 4. Finance - Debt Funding
ry 4. FINANCE - CONTINUED DEBT FUNDING s DEBT FUNDING OVERVIEW LOAN MATURITY INTEREST FIXING SEKm SEKm 2000 1885 3.000 2700 20% 68% = Bank debt Sr Unsecured bond * Total interest-bearing debt amounts to * Stendérren has a well distributed * Including the interest caps and swap, SEK 5,667m maturity p
Slide 21: 4. Finance - Share Value and Key Equity Ratios
4. FINANCE - CONTINUED SHARE VALUE AND KEY EQUITY RATIOS SEKm 6 000 5 000 4000 3.000 2.000 1000 SEK/share Ql Q2 G3 Q4} ai a2 Q3 a4/ ai a2 @3 Q4}ai a2 Q@3 a4] ai mmm Equity —==Long term NAV/share (rhs) ===Share price (rhs) Investor Presentation 350 300 250 200 KEY EQUITY RATIOS MARCH 2022 MARCH 2021
Slide 22: Share price and trading volume
350 200 000 000 • 180 000 000 • 300 160 000 000 • 250 140 000 000 • 120 000 000 200 100 000 000 • 150 80 000 000 100 60 000 000 40 000 000 50 20 000 000 0 0 May-18 Nov-18 May-19 Nov-19 May-20 Nov-20 May-21 Nov-21 May-22
Slide 23: Rental income, property expenses and net operating income
• • • Rental income Property Net operating expenses income
Stendörren Fastigheter — Q1 2022 Earnings Presentation on 6ix