FINANCIAL REPORT Q2 2018 2018 Q2 SIGNIFICANT EVENTS Acquisition of - PowerPoint PPT Presentation

FINANCIAL REPORT Q2 2018

2018 Q2 SIGNIFICANT EVENTS • Acquisition of Kylfacket 3 in Stockholm • Divestment of Dragarbrunn 19:1 in Uppsala • Signing of two new land allocation agreements • New zoning plan in place in Nobelberget and project start of the parking garage • Initiation of share repurchase programme 2

ATRIUM LJUNGBERG IN BRIEF • Number of properties 53 • Property value SEK 43 billion • Contracted annual rent SEK 2.4 billion • Lettable area 1,139,000 m 2 • Letting rate 94 % 11% 74% 6% 9% 3

SEK 775 MILLION INVESTED IN PROJECT PORTFOLIO

EXTENSIVE PROJECT PORTFOLIO Remaining investment SEK m Ongoing projects 2,100 Potential projects 15,000 17,100

LIFE CITY

BAS BARKARBY 7

NOBELBERGET 8

ACQUISITION IN SLAKTHUSOMRÅDET 9

NEW LAND ALLOCATION IN HAGASTADEN 10

NEW LAND ALLOCATION AT SLUSSEN 11

SICKLA STATION 12

2018 Q2 KEY FINANCIALS • Like-for-like income growth 4,4% • Operating surplus increase 1,0% • SEK 775 million invested in held properties • Adjusted gearing ratio of 42,8% • ICR of 5 13

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 2018 2017 Δ (MSEK) Jan-Jun Jan-Jun % Rental income 1 198 1 191 +0,6% Property costs -367 -368 -0,1% Operating surplus 831 823 +1,0% Central administration (property management) -34 -26 Project and construction work -22 -19 Net financial items -154 -188 Profit/loss before changes in value 621 589 +5,4% Change in the value of properties, unrealised 1 216 1 356 Change in the value of properties, realised 11 0 Change in the value of financial instruments -72 112 Profit/loss before tax 1 776 2 057 Tax -43 -419 Profit for the period 1 733 1 638

RENTAL INCOME • EPRA vacancies 5 percent • Net letting is positive by SEK 40 million for the first six months 15

RENTAL INCOME AND OPERATING SURPLUS 16

CONSOLIDATED ASSETS 2018 2017 (MSEK) 30/6 30/6 Investment properties 42 012 39 981 Goodwill 240 263 Other fixed assets 48 43 Total fixed assets 42 300 40 287 Development properties 880 0 Current assets 362 606 Liquid assets 100 374 Total current assets 1 342 980 Total assets 43 642 41 267

CHANGES IN PROPERTY VALUE • Unrealised gain of SEK 1 216 million • The increase is mainly (70%) driven by increased operating surplus

LOW FINANCIAL RISK AND STRONG KEY RATIOS • Interest-bearing liabilities of SEK 18.2 billion • Adjusted gearing ratio 42.8 % • Average interest rate 1.6 % • Fixed interest term 4.2 years • Capital commitment 3.6 years • Five Nordic banks • Commercial paper backed by secured credit lines • Baa2 credit rating by Moody’s

INCREASING SHARE OF CAPITAL MARKET DEBT

OUTLOOK 2018 Profit before changes in value SEK 1 200 MILLION (1 180)

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