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INTERIM REPORT JANUARY - JUNE 2018 CMD, BÅSTAD 11 JULY 2018 BILJANA PEHRSSON, CEO

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Page 1: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

INTERIM REPORTJANUARY - JUNE 2018

CMD, BÅSTAD 11 JULY 2018

BILJANA PEHRSSON, CEO

Page 2: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 2

AGENDA

Page 3: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 3

JAN-JUN 2018 IN FIGURES (JAN-JUN 2017)

Page 4: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 4

RIGHT PROPERTIES IN RIGHT LOCATIONS

Page 5: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) |

GOOD LEASING RESULTS – NEW LETTINGSEK 130 MILLION

5

NET LEASING, SEK M

– CLUSTERS1

24 (26)

NET LEASING, SEK M

39 (45)

1. According to previously

reported values

NEW LETTING, SEK M

130 (91)

Page 6: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 6

STRONG RENEGOTIATING RESULTS – AVERAGE RENT UPLIFT 12 %

Page 7: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 7

AVERAGE RENT IS SHARPLY RISING DUE TORESTRUCTURED PORTFOLIO AND LEASING ACTIVITIES

12 MONTHS ROLLING

1,311 EARNINGS CAPACITY

AS OF 30 JUNE 2018

Page 8: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 8

RISING PROPERTY VALUES – DRIVEN BY OPERATING NET IMPROVEMENT & YIELD CONTRACTION

Page 9: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 9

MODERN OFFICE PROPERTY ”STUDIO” ACCESSED IN CENTRAL MALMÖ

Page 10: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 10

BLÄSTERN IN HAGASTADEN 100 % PRE-LET

Page 11: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 11

B26 MORE THAN 50 PER CENT PRE-LET

,

Page 12: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 12

DEVELOPMENT OF TEGNÉR HIGH STREETRETAIL IN VÄXJÖ COMPLETED

Page 13: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 13

DEVELOPMENT PROJECT LAVEN 6 COMPLETED

Page 14: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 14

DEVELOPMENT PROJECTS – THREE COMPLETEDAND ONE NEW

Page 15: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

FINANCIALPERFORMANCEAND KEYFIGURES

Page 16: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 16

GROWING PROFIT FROM PROPERTYMANAGEMENT

2017/2018 JUL – JUN

SEK million

1 024

2016/2017 JUL – JUN

SEK million

970

Page 17: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 17

FUNDING MIX 2017 & 2018

Page 18: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 18

COST OF DEBT – CONTINUED DECLINE

Page 19: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) |

AVERAGE DEBT MATURITY AND FIXED INTEREST TERM

19

Page 20: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) |

RATIO OF UNENCUMBERED ASSETS

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Page 21: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) |

KEY FINANCIAL RATIOS

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Page 22: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

INVESTMENT STRATEGYAND OUTLOOK

Page 23: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 23

OFFICE RENTAL MARKET OVERVIEW

Source: Newsec

Page 24: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 24

KUNGSLEDEN´S INVESTMENT STRATEGY

Page 25: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 25

KUNGSLEDENS´S INVESTMENT STRATEGY

Page 26: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 26

Page 27: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 27

Page 28: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) |

INVESTMENT PROGRAMME OF MORE THAN3 BILLION 2017-2019

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▪ Return targets on Development projects, Tenant improvements and other value-creating investments

‒ IRR in excess of 9 per cent

‒ Yield on cost in excess of 6 per cent

‒ Tenant improvements pay back time less than half of the leasing contract duration

Profit from Property Management is expected to be SEK 1,200 million in

2019 i.e. one year earlier than plan

:

Page 29: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

KUNGSLEDEN AB (PUBL) | 29

Page 30: INTERIM REPORT JANUARY - JUNE 2018 - Kungsleden · interim report january - june 2018 cmd, bÅstad 11 july 2018 biljana pehrsson, ceo

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