Genova Property Group Ab · OMXSTO:GPG
Genova Property Group Ab — Q2 2024 Earnings Presentation
12 slides from Genova Property Group Ab's earnings presentation, 2024
Slide 1: Company Presentation Q2 2024
GENOVA Company Presentation Q2 2024 GENOVA PROPERTY GROUP COMPANY PRESENTATION 02.2024
Slide 2: Genova in brief
Genova in brief Investment properties flows from the investment property portfolio with cost-efficient project development of SEK7,146m Property value mainly rental apartments and community SEK 375m?) Pronertvalie service properties for our own long-term SEK 9,460m) 339 ksqm Net ti management Proper
Slide 3: Genova's business model
Genova’s business model Property management KnivstaVra 1392 Property management ( = (rs Tuthagen 13:2 Construction Viby 19:3 Handelsmannen | 2 Wl Sustainable value creation Property development Hunnerup 1 Sustainable development Property AeA) |” aquisitions Veddesta 1:29 Building rights development
Slide 4: Operational update
Operational update Financing + In April, additional green senior unsecured bonds of SEK 150m were issued. The issue was initiated by institutional investors. At the same time, additional hybrid bonds of approximately SEK 60m were repurchased. + After the end of the period, interest rate swaps of SEK
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Slide 6: Financial and operational targets
@ Financial and operational targets Genova’s overall objective is to create value for the company’s shareholders. Value creation is measured over a business cycle as growth in both long-term net asset value and income from property management per ordinary share Long term net asset value Income from
Slide 7: Green financing
Green financing - The share of green Green hybrid bonds finance for new 23% construction and investment properties is to be 85% by the end of 2023" Green bonds 24% 100% . - ° . 75% 59% Green bank loans 78% 0% &0% 53% 50% 25% 0% 2021 2022 2028 22024 mmGreen finance mmm New construction Other finance
Slide 8: Financial development
Financial development J @ 1 vanjun!—Janjun— Jul2023-— Jan-dec ! 2024 2023 = — ee ee it fa Rentalincome , ; 04 0 “Investment properties T 71145 7,999.8 Maintenance costs and operating expenses 1 10 68,0 2138.4, 2854 etes unaer ovattuetion 7 aco 3809 et operating income y 186.8 S38 S678 Development pr
Slide 9: 4,596 4,299 4,238 3,666 7,382 7,276 7,021 2,648 5,996 1,726 4,137 3,423 1,135 1,007
4,596 4,299 4,238 3,666 7,382 7,276 7,021 2,648 5,996 1,726 4,137 3,423 1,135 1,007 2,039 1,594
Slide 10: Financial development
Financial development Financing in bri Interest rate term 5,000 10.00% Interest-bearing debt 4000 8.00% SEK 6,048m) na 3,000 600% Average interest rate?) zone _ “ “ o “owe 5.6 % 1,000 200% al — ol OL —tl—e, Frosting rates 2025 2026 2028 2000 Average duration (loans) om Amount SeKin TKS EES Credit te
Slide 11: Investment properties
Investment properties Properties Tettable area Property value Rental value apancy rate Contracted annual rent? Property costs No.of KSqm_ SEKm. SEK sqm SEKm SEK sqm SEKm SEKm SEK sqm Per property category Commercial properties 49 182,1 3,314 18,204 263 1.445 91,0 239 60 331 79 983 Community service
Slide 12: Project development
@ Project development Lettable area, sqm Property value! Rental value Investment, SEKm Book value Project Municipality Category Construction Scheduled completion No.ofunits Residential Premises SEKm SEK/sqm SEKm SEK/sqn Estimated Accumulated SEKm Handelsmennen® —_Norrtalje Rental apartments 4.2019 0
Genova Property Group — Q2 2024 Earnings Presentation on 6ix