Jm Ab · OMXSTO:JM

Jm Ab — Shareholder Meeting (April 2007)

35 slides from Jm Ab's shareholder meeting presentation, Apr 26, 2007

  1. Slide 1: Annual General Meeting 26 April 2007

    Annual General Meeting 26 April 2007 JM Group

  2. Slide 2: JM builds homes that people feel at home in

    JM builds homes that people feel at home in 2007-05-02 Bolagstämman 2007_Ytf 1

  3. Slide 3: Good home sales figures

    Good home sales figures Group No. of sold units 5 000 4 315 4 240 3 790 4 000 3 000 2 000 1 000 0 2004 2005 2006 2007-05-02 Bolagstämman 2007_Ytf 2

  4. Slide 4: High level of production starts

    High level of production starts Group No. of units 5 000 4 476 4 132 3 943 4 000 3 000 2 000 1 000 0 2004 2005 2006 2007-05-02 Bolagstämman 2007_Ytf 3

  5. Slide 5: The customers appreciate our products

    The customers appreciate our products Customer satisfaction index, Group 4,3 4,16 4,17 4,16 4,1 3,9 3,7 3,5 2004 2005 2006 2007-05-02 Bolagstämman 2007_Ytf 4

  6. Slide 6: JM – Share

    JM – Share 280 70 000 000 240 60 000 000 200 50 000 000 160 40 000 000 120 30 000 000 80 20 000 000 40 10 000 000 0 0 2003 2004 2005 2006 2007 JM OMX Stockholm PI SX4040 Real Estate PI No. of shares traded (000) 2007-05-02 Bolagstämman 2007_Ytf 5

  7. Slide 7: Market capitalization

    Market capitalization SEK billion 25,0 22,5 20,0 15,3 15,0 10,0 8,7 5,4 5,0 3,0 0,0 2003 2004 2005 2006 2007-04-26 2007-05-02 Bolagstämman 2007_Ytf 6

  8. Slide 8: Strong financial position

    Strong financial position • Strong development in operations • Strong balance sheet • Large surplus value i project- and development properties • Good cash flow Transfer of capital SEK 1 billion 2007-05-02 Bolagstämman 2007_Ytf 7

  9. Slide 9: Our priorities 2006… …has given results

    Our priorities 2006… • Customer focus • Cost focus • High competence level …has given results 2007-05-02 Bolagstämman 2007_Ytf 8

  10. Slide 10: JM Group

    JM Group 2006 2005 Income, SEKm 12,065 9,887 Operating profit, SEKm 1,881 1,231 Operating margin, % 15.6 12.5 Return on equity, % 45.4 28.8 Earnings per share, SEK 16.40 9.30 Proposed dividend, SEK 4.50 2.50 2007-05-02 Bolagstämman 2007_Ytf 9

  11. Slide 11: Operating margin

    Operating margin Group 20,0% 15,6% 16,0% 12,5% 12,0% 9,3% 8,0% 4,0% 2,4% 0,0% 2003 2004 2005 2006 2007-05-02 Bolagstämman 2007_Ytf 10

  12. Slide 12: Strong sales – few unsold residential units in the balance sheet

    Strong sales – few unsold residential units in the balance sheet SEKm 600 500 400 300 200 100 0 2003 2004 2005 2006 2007-05-02 Bolagstämman 2007_Ytf 11

  13. Slide 13: Bolagstämman 2007_Ytf

    2007-05-02 Bolagstämman 2007_Ytf 12

  14. Slide 14: JM Residential Stockholm

    JM Residential Stockholm January - December SEKm 2006 2005 Income 4,707 3,816 Operating profit 894 500 Operating margin (%) 19.0 13.1 Number of available building rights 12,300 9,200 2007-05-02 Bolagstämman 2007_Ytf 13

  15. Slide 15: JM Residential Sweden

    JM Residential Sweden January - December SEKm 2006 2005 Income 3,788 3,012 Operating profit 563 341 Operating margin (%) 14.9 11.3 Number of available building rights 10,300 8,400 2007-05-02 Bolagstämman 2007_Ytf 14

  16. Slide 16: JM International

    JM International January - December SEKm 2006 2005 Income 2,673 2,069 Operating profit 253 183 Operating margin (%) 9.5 8.8 Number of available building rights 7,200 5,600 2007-05-02 Bolagstämman 2007_Ytf 15

  17. Slide 17: JM Property Development

    JM Property Development January - December SEKm 2006 2005 Income 81 211 Operating profit 122 212 2007-05-02 Bolagstämman 2007_Ytf 16

  18. Slide 18: JM Production

    JM Production January - December SEKm 2006 2005 Income 1,440 1,197 Operating profit 94 1) 58 Operating margin (%) 6.5 4.8 1) Capital gain property sales SEK 10m 2007-05-02 Bolagstämman 2007_Ytf 17

  19. Slide 19: JM’s relations are characterized by…

    JM’s relations are characterized by… Quality Reliability Long-term approach Commitment Sensitivity A sense of style 2007-05-02 Bolagstämman 2007_Ytf 18

  20. Slide 20: Our priorities 2007

    Our priorities 2007 • Customer relations • Efficiency • Development of our employees • Building a sustainable society 2007-05-02 Bolagstämman 2007_Ytf 19

  21. Slide 21: Good customer relations

    Good customer relations • Housing for different phases in life • Personal and carefree living • Buyer demand derives development 2007-05-02 Bolagstämman 2007_Ytf 20

  22. Slide 22: New behavior

    New behavior • The most important transaction in life • Receiving priority and avoiding the bidding process • Total solutions • Design • Environment-friendly homes 2007-05-02 Bolagstämman 2007_Ytf 21

  23. Slide 23: Constant high efficiency

    Constant high efficiency • Industrialize our process • Cost focus • Structured project planning • Strategic purchasing agreement 2007-05-02 Bolagstämman 2007_Ytf 22

  24. Slide 24: Competent and engaged co-workers

    Competent and engaged co-workers 2007-05-02 Bolagstämman 2007_Ytf 23

  25. Slide 25: Urban commitment

    Urban commitment JM is involved as a sponsor for Mentor Sweden, a non- profit organization that works to help young people stay away from drugs. 2007-05-02 Bolagstämman 2007_Ytf 24

  26. Slide 26: Sustainable urban planning

    Sustainable urban planning 2007-05-02 Bolagstämman 2007_Ytf 25

  27. Slide 27: Environment work important

    Environment work important • Energy • Choice of building materials • Building waste • Transport and construction machinery • Contaminated soil 2007-05-02 Bolagstämman 2007_Ytf 26

  28. Slide 28: External view on JM as environmental company

    External view on JM as environmental company • JM is the first project developer in the US Portfolio 21 environmental fund • JM - the only Swedish company that made the top 20 on SustainableBusiness.com • ”JM is a brilliant exception in the construction industry. The company has really carried out a

  29. Slide 29: JM’s Nordic markets

    JM’s Nordic markets Tenant-owned apartment prices in cities, second-hand market 1998 –2006 SEK/sq.m. 45 000 40 000 35 000 30 000 25 000 20 000 15 000 10 000 5 000 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 Gothenburg municipality Malmö municipality Stockholm Inner city Greater Stockholm Oslo (NO

  30. Slide 30: Assessed market position

    Assessed market position Market JM Major competitors Sweden 1 NCC, Peab, Skanska, HSB and Riksbyggen Norway 4 Veidekke, Skanska and Blockwatne 1) Denmark 4 Sjaelsø Gruppen, Nordicom, Kuben, Arkitektgruppen and NCC Belgium 10 CIB, Thoma & Piron, Besix, BPI/CFE and Skyline 2) Finland - YIT, Skanska, N

  31. Slide 31: Risks

    Risks External risks Operational risks • Economic development • Sales risk • Labor • Project execution risks • Competition situation 2007-05-02 Bolagstämman 2007_Ytf 30

  32. Slide 32: Opportunities

    Opportunities External • Increasing population in JM’s main markets • Continued favorable economic development JM • Available building rights • Continued improvement work • Geographical expansion 2007-05-02 Bolagstämman 2007_Ytf 31

  33. Slide 33: Available building rights portfolio

    Available building rights portfolio 2006-12-31 Brussels Copenhagen Helsinki Oslo/Bergen Stockholm Rest of sweden Uppsala Gothenburg Malmö/Lund Total building rights 29 800 2007-05-02 Bolagstämman 2007_Ytf 32

  34. Slide 34: Larger acquisition of building rights 2006

    Larger acquisition of building rights 2006 Number Kvarnholmen, Stockholm 1,050 Enghave, Copenhagen 350 Järvastaden, Solna 650 Mölndal, Gothenburg 325 Kungsängen, Uppsala 900 Råcksta, Stockholm 240 2007-05-02 Bolagstämman 2007_Ytf 33

  35. Slide 35: Good prospects ahead

    Good prospects ahead • Customer focused • Approximately 30,000 residential building rights • Good market • Industrialized process • Strong balance sheet • Competent and engaged co-workers 2007-05-02 Bolagstämman 2007_Ytf 34

JM — Shareholder Meeting (April 2007) on 6ix