Stenhus Fastigheter I Norden Ab · OMXSTO:SFAST
Stenhus Fastigheter I Norden Ab — Stenhus Fastigheter — Q4 2024 Earnings Presentation
21 slides from Stenhus Fastigheter I Norden Ab's earnings presentation, February 2025
Slide 1: Q4 2024 Presentation
STENHUS Fastigheter Q4 2024 Presentation
Slide 2: Table of contents
Table of contents 1. Introduction to Stenhus Fastigheter 2. Property portfolio 3. Financials Today’s presenters Elias Georgiadis Mikael Nicander Tomas Georgiadis CEO & Board member Deputy CEO CFO 2 Q4 2024 Presentation
Slide 3: 1. Introduction to Stenhus Fastigheter
1. Introduction to Stenhus Fastigheter
Slide 4: Key takeaways
Key takeaways Operational goals Q4 • By owning, developing and managing properties, • ICR 2.0 the company shall contribute to sustainably pro- • Credit rating of BB with an improved outlook from moting the development of the local community. negative to stable. • The management result should increas
Slide 5: Stenhus Fastigheter in brief
Stenhus Fastigheter in brief Key ratios 2024-12-31 Geographical footprint, % of portfolio value Company overview Market value per region Clear focus on sustainable growth, Stockholm 33% MSEK 1 009 MSEK 425 West 35% operating cash flows, and lease Mälardalen 23% 13.4 durations. Rental income1 Earnin
Slide 6: Historical development
Historical development Historical development of Stenhus Fastigheter Stenhus Fastigheter’s targets Property value Q2 2021–Q4 2024 2024-12-31 14,2 14,3 13,9 13,7 13,3 13,6 13,4 13,0 13,0 13,2 12% Inc Mgmt. result over a business cycle 12% ROE over a business cycle 7,6 7,8 7,2 LTV < 60% currently 54.7
Slide 7: Long-term strategy supported by a value-creating business model
Long-term strategy supported by a value-creating business model Business model and strategy Light industrial/ logistics – Long-term strategy is to manage all properties and projects in-house to enable maximum customer knowledge and customer satisfaction and thus deliver in line with the Company’s bu
Slide 8: Sustainability efforts
Sustainability efforts Sustainability efforts are based on the UN Sustainable Development Goals STENHUS VALUE CHAIN ION FOR EAT FU Environmental efficiency Business ethics CR – Renewable energy – Anti-corruption UE TU LE VAL RE – Energy efficiency – Code of Conduct G E N ERA – Sustainability certifi
Slide 9: Selected projects
Selected projects Stenhus continuously work to identify development opportunities and unused building rights within the stock in order to create additional value and facilitate long-term contractual relationships Finnslätten 6, Västerås Bro Klöv & Lilla Ullevi 1:12 , Bro Husmodern 6, Täby City: Segm
Slide 10: 2. The property portfolio
2. The property portfolio
Slide 11: Critical mass of high quality assets in strong property markets
Critical mass of high quality assets in strong property markets 135 properties with a total market value of SEK 13 395 m Rental income Market value per segment Rental income per segment Light industrial/logistics 53% Light industrial/logistics 55% Grocery 15% Grocery 18% Public 20% 13.4 Public 17% b
Slide 12: Diversified tenants and solid WAULT of 6.3 years
Diversified tenants and solid WAULT of 6.3 years Top 15 largest tenants, rental income1 , accounted for 39.4%of rental income Lease maturity structure by rental income1 Number of Wault, Tenant Area, sq.m contracts2 year Annual rent Alstom Rail Sweden AB 25 795 2 6.8 Number of Share of Maturity year
Slide 13: Selected properties
Selected properties Tyresö Forellen 19 Stockholm Ivalo 1 Botkyrka Samariten 1 Norrtälje Vattumannen 2,3 &4 Västerås Finnslätten 6 Eskilstuna Skiftinge 1:5 & 1:6 Tibro Hammaren 1 Skövde Personbilen 1 Kungsbacka Hede 3:122 13 Q4 2024 Presentation
Slide 14: Selected projects
Selected projects Stenhus continuously work to identify development opportunities and unused building rights within the stock in order to create additional value and facilitate long-term contractual relationships Köpmannen 12 Sparrehornet 3, Varberg Skiftinge 1:5 & 1:6 City: Segment City: Segment Ci
Slide 15: 3. Financials
3. Financials
Slide 16: Income statement
Income statement Consolidated income statement Rental income and EBITDA, reported (MSEK) Rental income, reported 2024 2023 2024 2023 (SEKt) Oct-Dec Oct-Dec Jan-Dec Jan-Dec EBITDA, reported 268 265 268 Rental income 244 932 264 729 1 011 796 1 018 985 258 247 245 Property costs -54 649 -65 038 -228 3
Slide 17: Current earning capacity and Financial targets
Current earning capacity and Financial targets Earnings capacity long term as of Q4 2024 Financial targets and dividend policy1 Target Policy Outcome Loan-to-value < 60% 54.7% 1 084 -76 1 009 -211 Net loan-to-value < 55% 53.1% Equity ratio > 35% 42.7% 798 -60 Interest coverage ratio > 2.25x 1.84x 12
Slide 18: Balance sheet
Balance sheet Assets Equity and Liabilities (SEKt) 2024-12-31 2023-12-31 (SEKt) 2024-12-31 2023-12-31 Investment properties 13 395 030 13 860 077 Share capital 371 779 370 629 Plot and right of use assets 198 498 196 321 Other capital contributions 4 937 973 4 923 418 Intangible assete 4 564 4 278 R
Slide 19: Debt financing and capital structure at a glance
Debt financing and capital structure at a glance Net Loan to Value Debt maturity structure (MSEK) ¹ Gross LTV Net LTV 4 189 57% 57% 57% 57% 56% 56% 56% Target of Net LTV below 55% 53% 55% 53% 55% 54% 55% 53% 55% 55% 54% 53% 55% 53% 50% 51% 48% 46% 46% 45% 2 140 57 29% 634 424 9% 5% Dec 31 2021 March
Slide 20: Shareholders and Calendar
Shareholders and Calendar Largest shareholder 2024-12-31 Calendar Number of Shareholder shares Percent Sterner Stenhus Holding AB 90 698 818 24.4 Fastighets AB Balder 73 041 556 19.6 Interim report Annual General Annual report Investment AB Öresund 33 016 084 8.9 Q1 Meeting April 24 Länsförsäkringar
Slide 21: STENHUS Fastigheter
STENHUS Fastigheter