Platzer Fastigheter Holding Ab Class B · OMXSTO:PLAZ_B
Platzer Fastigheter Holding Ab Class B — Q3 2023 Earnings Presentation
16 slides from Platzer Fastigheter Holding Ab Class B's earnings presentation, Oct 17, 2023
Slide 1: Q3 1 January – 30 September 2023
Q3 1 January – 30 September 2023 CEO Johanna Hult Rentsch, CFO Fredrik Sjudin, 17 October 2023
Slide 2: Highlights - 3rd quarter reporting 2023
Highlights - 3rd quarter reporting 2023 • Record high rental volume in investment properties 117 SEK m (Q1-Q3) • Net letting in 3rd quarter amounts to SEK 8 million • +15% Operating surplus (814 SEK m) Q1-Q3 • Continued yield de-compression • 80% Bank financed & long term owners • Diversification of
Slide 3: Our focus is Gothenburg
Helsinki Our focus is Oslo Gothenburg Stockholm Gothenburg Copenhagen Education Science Port of Industry GDP growth Gothenburg innovation Platzer | 3
Slide 4: Economic activity in Gothenburg
Economic activity in Gothenburg 2023-10-17 Platzer | 4
Slide 5: Solid client base
Solid client base Top-10 tenants • Sveafjord (AB Volvo) 45 • ESS Group AB • Region Västra Götaland Remaining AVG lease period (months) 22% Revenues from • The Swedish Migration Agency public tenants (Migrationsverket) 36% • City of Gothenburg • DFDS Logistics Contract AB • University of Gothenburg R
Slide 6: Income statement
Income statement SEKm Q3 Q3 Q1–Q3 Q1–Q3 Q1–Q4 Q4 2022– 2023 2022 2023 2022 2022 Q3 2023 Rental income 373 308 1,064 921 1,229 1,372 Operating surplus 276 242 814 709 939 1,044 Income property mgmt (incl. assoc.) 134 180 446 528 668 586 Change in value of properties -503 253 -1,123 2,792 2,562 -1,353
Slide 7: Earnings capacity 30 September 2023
Earnings capacity 30 September, 2023 Fair value Operating surplus SEK million % SEK million % Central Gothenburg 15,366 54 649 51 North/East Gothenburg 4,410 16 229 18 South/West Gothenburg 996 4 66 5 Industrial/Logistics 6,239 22 329 26 Investment properties 27,011 96 1,273 100 Project properties 1
Slide 8: Net letting in the quarter amounted to SEK 8 million
Net letting in the quarter amounted to SEK 8 million Gullbergsvass 1:1 – Lilla Bommen 2023-10-17 Platzer | 8
Slide 9: Changes in market value properties
Changes in market value properties Jan–Sep Jan–Sep 2023 2022 Value of properties, opening balance 26,994 26,031 Investments in existing properties 1,017 1,026 Property acquisitions 1,462 - Property sales and reclassification - -2,847 Changes in value -1,123 2,792 Value of properties, closing balance
Slide 10: Continuous growth in market value
Continuous growth in market value Gullbergsvass 1:1 – Lilla Bommen 2023-10-17 Platzer | 10
Slide 11: Net asset value 2013-2023 Q3
Net asset value 2013-2023 Q3 Share price vs EPRA NRV 160,00 140,00 120,00 100,00 80,00 60,00 40,00 20,00 0,00 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017
Slide 12: Key figures
Key figures Q1–Q3 Q1–Q3 Q1–Q4 Q4 2022– 2023 2022 2022 Q3 2023 Financial Debt/equity ratio (multiple) 1.1 0.8 0.8 1.1 Interest coverage ratio, period (multiple) 2.2 4.0 3.6 2.3 Loan-to-value ratio, % 49 40 44 49 Equity/assets ratio, % 42 48 47 42 Return on equity, % -3.1 26.2 24,5 -7.1 Property-relat
Slide 13: Financing
Financing Platzer’s loan maturities within 2 years 66% sustainable financing 2 500 2 000 1 500 66% SUSTAINABLE FINANCING 1 000 500 0 within 3 3-6 m 6-9 m 9-12 m 12-15 m 15-18 m 18-21 m 21-24 m m Bank Capital market 2023-10-17 Platzer | 13
Slide 14: Sustainability
Sustainability Energy consumption (kWh/sq.m.) CO2 emissions CO2 Green leases (kg CO2e/sq.m % of lettable area scope 1 and scope 2) 63% 100% 76,8 Q3/23 2022/2023 117 Oct-Sep 1,2 0,52 kWh/ CO2 2022/2023 sq.m. 54% 78,5 Oct-Sep kWh/ 70 sq.m. 0,67 kWh/ CO2 5% sq.m. 0 CO2 2013 2022 Goal 2013 2022 Goal 201
Slide 15: Success factors
Success factors Experts of Customer Our plan for Gothenburg focus growth Diversified Committed Financial portfolio employees strength Platzer | 15
Slide 16: We aim to make Gothenburg the best city in Europe to work in
We aim to make Gothenburg the best city in Europe to work in. Platzer | 16
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