John Mattson Fastighetsforetagen AB · OMXSTO:JOMA
John Mattson Fastighetsforetagen AB — Q2 2020 Earnings Presentation
13 slides from John Mattson Fastighetsforetagen AB's earnings presentation, Aug 20, 2020
Slide 1: Q2 2020
Q2 2020
Slide 2: Q2 Presentation, 20 August 2020
Q2 Presentation, 20 August 2020 Siv Malmgren, Maria Sidén, CEO CFO 2
Slide 3: Significant events: Growth outside Lidingö
Significant events Growth outside Lidingö § Acquired 541 apartments in Rotebro and Rotsunda in the municipality of Sollentuna. § Agreements to acquire leaseholds in the Slakthusområdet in the City of Stockholm for development in line with the company’s strategies. § Base upgrades in 114 apartments a
Slide 4: Key metrics, January–June 2020
Key metrics, January–June 2020 § Property value: SEK 7.3 billion § Number of apartments: 2,794 § Rental value: SEK 323 million § Rental value SEK/sq m: 1,548 SEK/sq m § Income from property management: SEK 43.6 million § NAV: SEK 3.8 billion § Loan-to-value ratio: 47% 4 5
Slide 5: Sustainability
Sustainability § Focus on - transitioning to fossil-free solutions - further reducing energy consumption - managing material and waste responsibly - safety and well-being in our areas § Societal sustainability: Annual events (outdoor cinema, flea market) 5
Slide 6: Income from property management
Net operating income, SEK m Income from property management 180 160 140 120 100 80 60 40 20 0 2016 2017 2018 2019 Jan-jun 2020 Income from property management, SEK m 70 60 50 40 30 20 10 94% 113% 0 2016 2017 2018 2019 Jan-jun 66% economic income from 2020 surplus ratio property occupancy rate manage
Slide 7: Property value & net asset value
Property value & net asset value SEK 7.3 billion in property 8 000 120 value 7 000 100 6 000 80 SEK 859 5 000 million invested SEK/share SEK m 4 000 60 3 000 40 2 000 7% average 20 growth in net 1 000 asset value per share 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 Q2 2020 Property value Net a
Slide 8: Financing
Financing 4 000 3 500 50 45 40 3 000 35 2 500 30 SEK m 2 000 25 % 1 500 20 15 1 000 10 500 5 0 0 2016 2017 2018 2019 Q2 2020 Utilised LTV 3,0 3,0 2,5 2,5 2,0 2,0 multiple 1,5 1,5 % 1,0 1,0 0,5 0,5 0,0 0,0 47% 2.6x 2016 2017 2018 2019 Q2 2020 interest Average interest rate Interest coverage ratio loa
Slide 9: Goal fulfilment Rolling 12 months
Goal fulfilment Rolling 12 months 7% growth SEK 7.3 billion 113% growth in net asset value in property in income from value 30 June property 2020 management 9
Slide 10: Business idea, strategies and financial targets
Our business idea revolves Strategies § Manage efficiently around the long-term § Add value through upgrades ownership, management and § Densification development of residential § Acquisitions with development potential property and attractive local communities in the Financial targets Stockholm reg
Slide 11: Outlook
Outlook § Possible construction start on the leasehold sites in the Slakthusområdet in 2023, after a detailed development plan has been adopted. § Planning for upgrades in Rotebro and Rotsunda. § Work on detailed development plans for Ekporten in Larsberg on Lidingö is ongoing. § The apartments in K
Slide 12: Great neighbourhoods across generations
Great neighbourhoods across generations 12
Slide 13: Questions
Questions JohnMattson
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