John Mattson Fastighetsforetagen AB · OMXSTO:JOMA
John Mattson Fastighetsforetagen AB — Q1 2022 Earnings Presentation
14 slides from John Mattson Fastighetsforetagen AB's earnings presentation, May 5, 2022
Slide 1: Q1 2022
Q1 2022
Slide 2: Presentation Q1
1 Presentation Q1 5 May 2022 Per Nilsson, Lars Ingman, CEO acting CFO of John Mattson
Slide 3: Our position
Our position 2 High Attractive areas Value-creating Responsible quality in the Stockholm player in social growth housing region sustainability
Slide 4: Goal fulfillment Q1 2022 versus Q1 2021
Goal fulfillment 3 Q1 2022 versus Q1 2021 36% growth 136% growth in SEK 16.9 billion in in net asset value income from property value 31 March 2022 property management
Slide 5: Significant events in Q1 2022
Significant events 4 in Q1 2022 • Possession of three properties at Gullmarsplan in Stockholm with an underlying property value of SEK 670 million • Decision taken to upgrade 76 apartments at the Gengasen 4 property in Örby • Per Nilsson assumed his role as CEO on 10 January • Mattias Lundström was
Slide 6: Property portfolio
Property portfolio 5 4 81% property of the lettable area management is housing areas 4,493 367,000 apartments sq m lettable area
Slide 7: Development projects
Development 6 projects Project Area Number of Status Possible apartments construction start Vilunda, Upplands Väsby North Stockholm 73 Production Ongoing Gengasen, South Stockholm/ Örby Nacka 128 Production Ongoing Juno, Käppala Lidingö 50 Early phase 2023 Geografiboken, Detailed Devel. Abrahamsberg
Slide 8: Key metrics January–March 2022
Key metrics 7 January–March 2022 • Property value: SEK 16.9 billion • Number of apartments: 4,493 • Rental value: SEK 644 million • Rental value/sq m: SEK 1,752 sq m • Inc. from Prop. Mgmt: SEK 40.7 million • NAV: SEK 6.8 billion • Loan-to-value ratio: 57.3%
Slide 9: Income from property management
Income from property 8 management 136% income from property management per share 97.1% economic occupancy rate Net operating income, SEK m Income from property management, 300 SEK million 250 120 200 100 80 60.8% 150 surplus ratio 60 100 40 50 20 0 0 2018 2019 2020 2021 Q1 22 2018 2019 2020 2021 Q1
Slide 10: Property value & net asset value
Property value & net asset value 9 SEK 16.9 billion in property value 18 000 180 16 000 160 14 000 140 SEK 12 000 724.3 120 million 10 000 100 invested 2021 8 000 80 6 000 60 4 000 40 36% average growth 2 000 20 in net asset value per share 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Slide 11: Financing
Financing 10 57.3% loan-to-value ratio 2.2x interest coverage ratio 12 000 70 2,0 3,0 1,8 10 000 60 2,5 1,6 50 1,4 8 000 2,0 SEK million 40 1,2 multiple 6 000 1,0 1,5 % % 30 0,8 4 000 1,0 20 0,6 0,4 2 000 10 0,5 0,2 0 0 0,0 0,0 2018 2019 2020 2021 Q1 22 2018 2019 2020 2021 Q1 22 Utilised LTV Average
Slide 12: Outlook
Outlook 11 • Continued integration • Upgrade projects in Örby and Rotebro • Progress in project development • Value generation in sustainability • Turbulent business environment
Slide 13: Great neighbourhoods across generations
12 Great neighbourhoods across generations
Slide 14: Questions
Questions JohnMattson
John Mattson Fastighetsföretagen — Q1 2022 Earnings Presentation on 6ix