AGENDA JAN JUN 2019 IN FIGURES (JAN JUN 2018) +15% +2,4% - PowerPoint PPT Presentation

AGENDA

JAN – JUN 2019 IN FIGURES (JAN – JUN 2018) +15% +2,4%

INVESTMENT GRADE AND INHOUSE FACILITY MANAGEMENT

RIGHT PROPERTIES IN RIGHT LOCATIONS ▪ ▪ ▪ ▪

GOOD LEASING RESULTS – SEK 93 MILLION NEW LEASES

POSITIVE RENEGOTIATING RESULTS – AVERAGE RENT UPLIFT 7%

INCREASING SURPLUS RATIO AND RENT/SQ.M +11%

RISING PROPERTY VALUES – DRIVEN BY OPERATING NET IMPROVEMENT & YIELD CONTRACTION Valuation yield on average 5.3% (5.5) Valuation yield contraction 7 bps (Q4 to Q2)

ONGOING DEVELOPMENT PROJECTS MAJOR CURRENT PROJECTS UNDER CONSTRUCTION Blästern 14 Phase 1 of 12,000 sq.m completed – grand opening on April 26th

BLIQUE BY NOBIS – THE ARC NOMINATED ONE OF THE TEN BEST ROOFTOP BARS IN THE WORLD BY FORBES

OUR TEN LARGEST CUSTOMERS 28% of the rental value are public tenants

50 HEADQUARTERS IN OUR PORTFOLIO

GROWING PROFIT FROM PROPERTY MANAGEMENT +15%

SURPLUS RATIO, INVESTMENT PROPERTIES

GOOD FUNDING MIX AND LOW LTV LOAN PORTFOLIO

GROWING SHARE OF GREEN FUNDING

LONG AVERAGE DEBT MATURITY & AVERAGE FIXED INTEREST TERM YEARS 6 5,6 5,5 5,2 5,1 5 5 Average debt maturity 4,7 4,5 Average fixed interest term 4,2 4,2 4,1 4 4 3,7 3,5 3,4 3,2 3,2 3,2 3 3 2,9 2,8 2,7 2,5 2,4 2 2 1 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2017 2018 2019

STRONG AVERAGE INTEREST COVERAGE & LOW AVERAGE INTEREST RATE TIMES/PERCENT 5 4,6 4,5 4,3 4,1 4 3,8 3,6 3,5 3,4 3,3 3,1 Average interest coverage, times 3 Average interest rate, % 2,5 2,4 2,4 2,1 2 2 1,9 1,8 1,8 1,8 1,5 1 0,5 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2017 2018 2017 2019

KEY FINANCIAL RATIOS +11%

GOOD OFFICE RENTAL MARKET Source: Newsec

CONTINUED GOOD WILLINGNESS TO INVEST

THE ROTTERDAM DISTRICT – REDEVELOPMENT OFFICE BUILDING IN VÄRTAHAMNEN, STOCKHOLM OF 21,000 SQ.M.

B26 – REDEVELOPMENT OFFICE BUILDING IN VÄSTERÅS CITY, OF 4,700 SQ.M.

VISION FINNSLÄTTEN VÄSTERÅS – A NEW DESTINATION FOR INNOVATION

VISION FINNSLÄTTEN VÄSTERÅS – A COOPERATION INITIATED BY KUNGSLEDEN AND ABB

PROJECT 357 – MODERNISATION PROJECT INITIATED IN FINNSLÄTTEN, VÄSTERÅS • • •

EDEN IN HYLLIE, MALMÖ – NEW OFFICE BUILDING OF 8,000 SQ.M.

STETTIN/TEGELUDDSVÄGEN 100 – REDEVELOPMENT OFFICE BUILDING IN GÄRDET, STOCKHOLM OF 26,000 SQ.M.

INVESTMENT PROGRAMME – PLAN AND TARGET 2019-2023 ▪ : ‒ ‒ ‒ INVESTMENT PROGRAMME PLAN TARGET 2019 SEK m 2015 2016 2017 2018 2019 2020-2023 jan-jun Development projects 14 141 312 578 266 600 1,800 Tenant improvements and other value creating 337 341 499 596 362 600 1,800 investments Maintenance investments 99 127 114 126 47 100 400 Total investments 450 609 925 1,300 675 1,300 4,000 At present the future development pipeline is approximately SEK 8 billion