Capital Markets Day. 23 November. Sören Bergström, Business Unit Manager JM Residential Sweden, Director of Purchasing

Transcription

1 Capital Markets Day 23 November 2017 Sören Bergström, Business Unit Manager JM Residential Sweden, Director of Purchasing

2 JM Residential Sweden Areas of operation Regional offices East Region, Uppsala West Region, Gothenburg South Region, Malmö Offices Västerås Örebro Linköping 2 11/23/2017 CMD 2017 / SB

3 JM Residential Sweden SEK m ) Revenue 4,212 3,820 3,278 Operating profit 1) Operating margin, % Number of available building rights Number of residential units in current production 10,100 9,700 9,900 2,196 2,240 1,979 Number of employees Havsprinsen, Dockan, Malmö 1) Of which, property sales ) 12-month period 3 11/23/2017 CMD 2017 / SB

4 Number Sold residential units JM Residential Sweden Q1 Q2 Q3 Q4 4 11/23/2017 CMD 2017 / SB

5 Number of units Housing starts JM Residential Sweden Q1 Q2 Q3 Q4 5 11/23/2017 CMD 2017 / SB

6 The market Good demand in Gothenburg, Malmö, Lund, Västerås and Linköping Normalized demand in Uppsala, but greater supply and more companies Borggården Kongahälla, Kungälv 6 11/23/2017 CMD 2017 / SB

7 Prices on the existing home market SEK/sq.m Tenant-owned apartments on JM Residential Sweden s markets Q Q Gothenburg Uppsala Lund Linköping Malmö Örebro Västerås Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Source: WSP 7 11/23/2017 CMD 2017 / SB

8 Building rights portfolio Number 09/30/ East Region 3,500 3,600 3,600 West Region 3,300 2,700 3,000 South Region 3,300 3,400 3,300 Total approx. 1) 10,100 9,700 9,900 1) Of which, recognized on the balance sheet 6,600 5,500 5, /23/2017 CMD 2017 / SB

9 - Building with 23 floors and 150 residential units Silon Eriksberg, Gothenburg - Wide views of the city and water starting on the 6th floor - Sales start /23/2017 CMD 2017 / SB

10 Lindö Strand Norrköping Approx. 130 residential units Sales start Fall 2018 The residential buildings are positioned for optimal lake views 10 11/23/2017 CMD 2017 / SB

11 400 residential units in Lund, sales start /23/2017 CMD 2017 / SB

12 Housing starts, residential units January-September 2017 SEK / RFA Lowest price 34,000 Highest price 59, /23/2017 CMD 2017 / SB

13 Our Customers Prerequisites A couple who wants to buy a residential unit from JM 3 rooms 72 sq.m. Example: SEK 41,000/sq.m. RFA = SEK 2,952,000 Annual fee: 675 / RFA Own deposit: 15 % = SEK 443,000 Mortgage: 85 % = SEK 2,509,000 With a total income of SEK 55,000 / month you will meet todays mortgage requirements and potential loan framework of 4.5 * gross income 13 11/23/2017 CMD 2017 / SB

14 Planning work started in Project consists of 53 residential units Patience in the planning process Böljan, Helsingborg The plan was adopted in 2015 Production progressed smoothly and today 52 apartments have been sold First occupancy March Local Plan 1 adopted in June 2005, annulled by the Government in June Local Plan 2 adopted in September 2011, annulled by the Land and Environment Court of Appeal in January 2013 Municipality adopted the plan for the 3:rd time in 2014 County Administrative Board denied the appeal in March 2015 Land and Environmental Court of Appeal is expected to rule on the matter in October/November /23/2017 CMD 2017 / SB

15 Market share JM Residential Sweden % 18 Tenant-owned apartments JM Source: Evidens and Byggfakta 15 11/23/2017 CMD 2017 / SB

16 Capital Markets Day 23 November 2017 Purchasing

17 JM s Purchasing volume in Sweden 2016 SEK 7.8 billion 1) 30% 50% 20% Subcontractors Services Materials 1) Supplier invoiced sales in Sweden incl. Group internal sales (excl. VAT) 17 11/23/2017 CMD 2017 / SB

18 Increased volume under framework agreements Suppliers with framework agreements Volume purchased from suppliers with framework agreements JM Residential Sweden 69 % 62 % 18 11/23/2017 CMD 2017 / SB

19 Product / process development Well-developed system for transfer of experiences All JM employees are able to submit improvement suggestions, which is an important part of how we transfer our experiences. It helps us work together to develop and improve up to June 2017 Number of suggestions / opinions 750 1,100 1,250 1,650 1, /23/2017 CMD 2017 / SB

20 Logistics Delivery precision a requirement for uninterrupted production 2014 Measurement possible ,000 deliveries 97 % Right day Goal 2017: all suppliers >95 % 20 11/23/2017 CMD 2017 / SB

21 JM has chosen to work with framework agreements to Ensure delivery capacity Minimize complaints / non-conformance costs Lower the purchase price Develop products together with our suppliers Contribute to JM s sustainability work 21 11/23/2017 CMD 2017 / SB