AGENDA JAN MAR 2019 IN FIGURES (JAN MAR 2018) +17% +1,4% RIGHT - PowerPoint PPT Presentation

AGENDA

JAN – MAR 2019 IN FIGURES (JAN – MAR 2018) +17% +1,4%

RIGHT PROPERTIES IN RIGHT LOCATIONS ▪ ▪ ▪ ▪

GOOD LEASING RESULTS – SEK 46 MILLION

POSITIVE RENEGOTIATING RESULTS – AVERAGE RENT UPLIFT 6%

INCREASING SURPLUS RATIO AND RENT/SQ.M +14%

RISING PROPERTY VALUES – DRIVEN BY OPERATING NET IMPROVEMENT & YIELD CONTRACTION Valuation yield on average 5.4% (5.5) Valuation yield contraction 4 bps (Q4 to Q1)

INCREASING AVERAGE LEASE DURATION The average lease duration increased from 3.9 years at the beginning of the year to 4.1 years as per 31 March.

NEW MODERN OFFICE ACCESSED IN OUR NEW CLUSTER – GOTHENBURG SOUTH CENTRAL

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

BLÄSTERN 14 – GRAND OPENING HOTEL BLIQUE BY NOBIS

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.

GROWING PROFIT FROM PROPERTY MANAGEMENT +17%

FUNDING MIX LOAN PORTFOLIO

SHARE OF GREEN FUNDING

AVERAGE DEBT MATURITY & AVERAGE FIXED INTEREST TERM YEARS 6 5,6 5,5 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 3,4 3,2 3,2 3,1 3 3 2,9 2,8 2,7 2,5 2,4 2 2 1 0 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19

AVERAGE INTEREST COVERAGE & AVERAGE INTEREST RATE TIMES/PERCENT 5 4,5 4,3 4,1 4 3,8 3,6 3,5 3,4 3,3 Average interest coverage, times 3,1 3 3 Average interest rate, % 2,6 2,5 2,4 2,4 2,1 2 2 1,9 1,8 1,8 1,5 1 0,5 0 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19

KEY FINANCIAL RATIOS +12%

GOOD OFFICE RENTAL MARKET Source: Newsec

CONTINUED GOOD WILLINGNESS TO INVEST

INVESTMENT PROGRAMME – PLAN AND TARGET 2019-2023 ▪ : ‒ ‒ ‒ INVESTMENT PROGRAMME PLAN TARGET SEK m 2015 2016 2017 2018 2019 Q1 2019 2020-2023 Development projects 14 141 312 578 97 600 1,800 Tenant improvements and other value creating 337 341 499 596 198 600 1,800 investments Maintenance investments 99 127 114 126 19 100 400 Total investments 450 609 925 1,300 314 1,300 4,000 At present the future development pipeline is approximately SEK 8 billion

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.

OXEL IN NORRKÖPING - REDEVELOPMENT OFFICE BUILDING OF 6,000 SQ.M.

THE VISION OF FINNSLÄTTEN, VÄSTERÅS An international collaboration environment for research, education, innovation and production within power and automation. • • •

GLADORNA 5,6,7 – REDEVELOPMENT OFFICE BUILDING IN STADSHAGEN, STOCKHOLM OF 11,500 SQ.M.