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FABEGE PRESENTATION
DECEMBER 2015
FINANCING AND KEY FIGURES

Maintain a strong balance sheet with an
equity/assets ratio of at least 30% and a
maximum loan-to-value ratio of 55%

Ensure access to long-term capital

Increase the proportion of green financing

Manage interest rate risk through fixed-rate
periods

Maintain strong relationships with the banks
FAVOURABLE FINANCIAL CLIMATE

Nordic banks – revolving loan facilities and
fixed loans

Diversification
• European Investment Bank
• Nya Svensk FastighetsFinansiering
• Capital market serves as a complement

Green financing
• Several potential investors
• Better price in the long term?
Revolving loans
Revolverande
lån
Obligationsfinansiering
Bond Financing
Företagscertifikat
Commercial paper
Övriga
Other lån
loans
PROPERTY MANAGEMENT
 Customers
 Income
 Surplus ratio
15 LARGEST SIGNED LEASES

Skandinaviska Enskilda Banken AB

Vattenfall Business Services Nordic AB

Swedish Tax Agency

TeliaSonera Sverige AB

ICA Fastigheter Sverige AB


Svea Ekonomi AB

Peab Support AB

Bilia AB

Siemens AB
Carnegie Investment Bank AB

LRF

EVRY AB

Cybergymnasiet Nacka AB

COOP Sverige Fastigheter AB

Swedish Migration Board
Stable tenants with long-term contracts result in a low risk level
SATISFIED CUSTOMERS RESULT
IN A HIGHER RETENTION RATE

Customer Satisfaction Index

Increased focus on implementing measures and plans

Strong customer relations

Retention rate
• 82% as of Q3 2015
STRONG RENTAL GROWTH

Increasing rents in all of our areas

Rental growth through renegotiated leases
• 13% as of Q3 2015

Increasing levels in new leases
MORE AMBITIOUS OBJECTIVES

Surplus ratio – new objective of 75% within five years

How?
• More modern portfolio
• Lower vacancies
• Rental growth
• Cost effectiveness
TECHNICAL OPERATIONS
 Organisation
 Cost control
 Preventive efforts
 Energy
 CSI
 Sustainability
CUTTING-EDGE SUSTAINABILITY
WORK

Certification of existing portfolio according to
BREEAM In-Use

Citylab Action – sustainable urban development

Vinnova – project recycling

Sustainability inspection of suppliers

Cero – sustainable travel strategy. Challenger of
the Year.

GRESB Award
TRANSACTIONS MARKET

The transactions market is very
strong

More properties for sale in the
market – good indication of value

Yield requirement
Increased rent levels and falling yield requirement
create increase in value
PROJECTS AND CITY DISTRICT
DEVELOPMENT

Value creation in projects

Development rights

City district development
VALUE CREATION IN PROJECTS

Attractive building rights
• created by developing our areas

Low entry values
• most created in existing portfolio

Large project volumes
• create the right solution for the right customer

High margin
• the solution shall be implemented with quality and
cost-efficiency
ON-GOING PROJECTS; INVESTMENT VOLUME
Year
Investment
HGA/
maintenance
2015
2,150
450
2,500
2016
2,150
450
2,500
2017
750
450
2,000
2018
600
450
1,050
Property listing
Total
Category
Area (LOA)
Invest., SEKm
Completed
Järvakrogen 3
Hotels
7,460
310
Q1 2016
Uarda 7
Offices
17,640
570
Q1 2016
Nationalarenan 8
Offices
42,000
1,311
Q2 2016
Pyramiden 4
Offices
72,200
2,350
Q2 2017/2018
Uarda 6
Offices
18,000
511
Q4 2017
Signalen 3
Offices
30,500
1,080
Q3 2018
187,800
6,132
Total at 30 September 2015
DEVELOPMENT RIGHTS

Development rights in our
proprietary portfolio correspond
to ten years of production

Always creating new
development rights in our
existing areas
The Winery
OUR MAJOR PROJECTS
ICA
TeliaSonera
SEB
Svenska Spel, etc.
Siemens
Lagern/
Telenor
STADSDELSUTVECKLING
Structural image of Stora Frösunda 2, Hagalund 2:2
Hammarby Sjöstad
Structural image of Solna Business Park
Lagern 2, Råsunda
TEMPERATURE IN THE
PROPERTY MARKET

Rental growth

Yield requirement

Low interest rates
15 years since we saw a corresponding upturn in rent
QUESTIONS
DEVELOPMENT RIGHTS IN ADDITION TO ON-GOING PROJECTS
Area
Category
Gross floor area
Zoning plan
Inner city
Offices
8,500
No zoning plan
Inner city
Residential
47,500
Planning process, 21,500 sqm
Hammarby Sjöstad
Offices
74,400
Zoning plan finished
Solna Business Park
Offices
40,500
Zoning plan finished, 4,500 sqm
Arenastaden
Offices
131,000
Zoning plan finished, 81,000 sqm
Planning process, 44,000 sqm
Arenastaden
Residential
90,000
Zoning plan finished
Offices
45,000
No zoning plan
Industrial
51,000
Zoning plan finished
Ulriksdal
Other
Total
487,900
Farao 15 – 17, Arenastaden
Stora Frösunda 2, Hagalund 2:2