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: Q2 2024 summary – continued execution of the development portfolio
Q2 2024 summary – continued execution of the development portfolio Highlights Rental income development Key figures SEKm +9% Listing on Nasdaq Stockholm 18th of June 123 SEK 6.5bn Rental income grew 18% in the quarter YoY, an effect of acquisitions, Number of properties Property market value com
Slide 5: Tenants and lease maturity development – WAULT of 9.1 years
Tenants and lease maturity development– WAULT of 9.1 years Tenant base – including ongoing projects Rental income split Lease maturity structure – 85% of leases mature 2030 and beyond Top 10 largest tenants1 Rental value Tenant Category SEKm % Discount 42% 29% Dollarstore Discount 86 20% Jysk Discou
Slide 6: Property portfolio – continued growth through acquisitions and investments
Property portfolio – continued growth through acquisitions and investments Property portfolio Changes in the property portfolio (Q2’24 vs. Q4’23) SEKm Norway Project properties 52 +243 764 -63 +25 Denmark +324 1 155 Property value Property value per per type, geography, SEKm 6 493 SEKm 5 964 Sweden
Slide 7: Current development portfolio – seven ongoing projects
Current development portfolio – seven ongoing projects Project portfolio overview Estimations, SEKm Estimated NLA, Property name Country Municipality Category Rental Total Remaining WAULT, completion sqm NOI value investment investment years Valsta Sweden Sigtuna Fast Food 2024 490 2 2 36 5 20 Ekerö
Slide 8: Shareholders as of June 30th
Shareholders as of June 30th Shareholders # shares % Alma Property Partners II AB 57 711 693 35,1% Alma Property Partners I AB 33 936 592 20,6% Capital Group 9 781 818 5,9% Bonnier Fastigheter Invest AB 8 807 302 5,4% Swedbank Robur Fonder 6 500 000 4,0% Länsförsäkringar Fonder 6 463 636 3,9% Tredje
Slide 9: Agenda
Agenda 1 Business update 2 Financial update 3 Q&A Stämpeln 1, Sollentuna
Slide 10: 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 Net operating income & surplus ratio Profit from property management, adjusted *) SEKm SEKm SEKm 9% 91% 89% 89% Rental income growth 87% attributable to projects 85% +7% 377 completions,
Slide 11: Capital structure – strong balance sheet
Capital structure – strong balance sheet Selected metrics as of 30 Jun 2024 Nordea/Swedbank Tranche A, B & C 14% 46% 27% 56% 2.1x Niam Credit Gross LTV Net LTV Equity ratio Interest 7% coverage ratio SparNord SEK 2,982 79% 5.26% 2.3 3.3 Average Debt maturity, years Average period of interest rate in
Slide 12: 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 Jul 24 The current earnings capacity is not a forecast and should only be considered as a
Slide 13: Prisma's portfolio is attractive and high-yielding, with significant potential for the future
Prisma’s portfolio is attractive and high-yielding, with significant potential for the future through a development focus Selected listed real estate companies Groceries Prisma is a distinctive company with unique 7,5% Logistics characteristics Other commercial 7,0% Residential High yielding prope
Slide 14: Agenda
Agenda 1 Business update 2 Financial update 3 Q&A Stämpeln 1, Sollentuna
Slide 15: Q&A
Q&A PRISMA
Slide 16: Appendix
Appendix Algutsum 20:24, Mörbylånga
Slide 17: Income statement
Income statement 2024 2023 2024 2023 2023 2022 SEK million Apr-Jun Apr-Jun Jan-Jun Jan-Jun Jan-Dec Jan-Dec Rental income 99 84 192 161 345 187 Invoiced property costs 11 10 20 24 45 20 Property costs -18 -16 -36 -32 -61 -37 Net operating income 92 78 176 153 330 170 Administration and other costs -3
Slide 18: Balance sheet
Balance sheet 2024 2023 2024 2023 SEK million 30-Jun 30-Jun SEK million 30-Jun 30-Jun ASSETS EQUITY Fixed assets Equity Intangible assets Share capital 1 0 Goodwill 174 192 Equity attributable to parent company's shareholders 4,449 2,860 Other intangible assets 3 - Equity attributable to non-control
Slide 19: Cash flow statement
Cash flow statement 2024 2023 2024 2023 2023 2022 SEK million Apr-Jun Apr-Jun Jan-Jun Jan-Jun Jan-Dec Jan-Dec Operating activities Earnings before tax -37 -6 -49 -38 -120 352 Adjustments for items not included in the cash flow 56 36 77 87 219 -294 Financial items 7 -15 -10 -21 - - Realised change in
Slide 20: Prisma Properties
PRISMA PROPERTIES