John Mattson Fastighetsforetagen AB · OMXSTO:JOMA
John Mattson Fastighetsforetagen AB — Q1 2023 Earnings Presentation
14 slides from John Mattson Fastighetsforetagen AB's earnings presentation, May 5, 2023
Slide 1: Q1 2023
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Slide 2: Presentation Q1
1 Presentation Q1 5 May 2023 Per Nilsson, Lars Ingman CEO acting CFO
Slide 3: Goal fulfillment Q1 2023 versus Q1 2022
Goal fulfillment 2 Q1 2023 versus Q1 2022 -30% growth in -13% growth income from in net asset value property management
Slide 4: Delivering according to our plan
Delivering according 3 to our plan • Raised rental revenues • Housing • Commercial • Cost-savings programme • Downsizing personnel • Energy efficiency improvements • Review of purchasing
Slide 5: Significant events in Q1 2023
Significant events 4 in Q1 2023 • Two properties in Lidingö were divested with an underlying property value of SEK 262 million • Sustainability-linked loan of SEK 949 million arranged with Handelsbanken After the period end • At his own request, the company’s CFO Mattias Lundström stepped down • The
Slide 6: Property portfolio
Property portfolio 5 4 82% property of the lettable area management is housing areas 4,440 354,000 apartments sq m lettable area
Slide 7: Development projects
Development projects 6 Project Area Number of Status Possible apartments Const. start South Gengasen, Stockholm/ Örby Nacka 129 Production Ongoing South Detailed Devel. Finnboda, Stockholm/ plan in force Nacka Nacka 20 2024 Geografiboken, Detailed Devel. Abrahamsberg City/Bromma 80 plan adopted 2024
Slide 8: Key metrics January–March 2023
Key metrics 7 January–March 2023 • Property value: SEK 15.0 billion • Rental value: SEK 639 million • Rental value/square metre: SEK 1,803 sq m • Inc. from Prop. Mgmt: SEK 29 million • NAV: SEK 6.1 billion • Loan-to-value ratio: 58.4%
Slide 9: Income from property management
Income from property management 8 -30.0% income from property management per share 96.6% economic occupancy rate Net operating income, SEK m Income from property management, 450 SEK million 400 180 350 160 300 250 140 120 65.7% surplus ratio 200 100 80 150 60 100 40 50 20 0 0 2019 2020 2021 2022 Q1
Slide 10: Property value & net asset value
Property value & net asset value 9 SEK 15.0 billion in property value 18 000 180 16 000 160 14 000 140 SEK 90.0 12 000 120 million invested SEK million 10 000 100 Q1 2023 SEK/share 8 000 80 6 000 60 4 000 40 -13% average growth 2 000 20 in net asset value per share 0 0 2011 2012 2013 2014 2015 2016
Slide 11: Financing
Financing 10 58.4% loan-to-value ratio 1.5x interest coverage ratio 10 000 70 3,5 3,5 9 000 60 3,0 3,0 8 000 7 000 50 2,5 2,5 SEK million 6 000 40 2,0 2,0 multiple 5 000 % % 4 000 30 1,5 1,5 3 000 20 1,0 1,0 2 000 10 0,5 0,5 1 000 0 0 0,0 0,0 2019 2020 2021 2022 Q1 23 2019 2020 2021 2022 Q1 23 Utili
Slide 12: Outlook
Outlook 11 • Positive signs in our operating environment • Homes in attractive locations • Continued value creation and proactive measures
Slide 13: Great neighbourhoods across generations
12 Great neighbourhoods across generations
Slide 14: Questions
Questions JohnMattson
John Mattson Fastighetsföretagen — Q1 2023 Earnings Presentation on 6ix