Attendo AB (publ)

Welcome to Doxa's investment presentation. My name is Christian and I am the CEO at Doxa. And on my side is Patrik Lindström, who is our real estate manager. Today we are here to give an update on what has happened during the year, what we have done to position the company and what we are going to do in our strategy in the future. Yes, as I said, my name is Christian Lindgren. I am the CEO at Doxa and I have been here for one year. My background is in banking. and properties and general business management over the last 25-30 years. Patrik has been the vice-manager at Cernike and also a background in P-app Sweden. Together, we are the management at Doxa and we will lead the company forward with the new strategy. It has been an intensive year and an intensive quarter. We have made several structural changes that have strengthened the company financially and renovated the business. And during this quarter, one of the most important events is that we have sold the 40% of the property in Halmstad. We sold it to Bokfart Värde, 426 million SEK. And that means that we pay off debts of 372 million SEK and we have increased the cash with 55 million SEK. In addition, we have also sold the property Gullen 8 in Trelleborg. for almost 16 million kronor, and since it was unpaid, it included a contribution to the cash register for the same amount. And we have also initiated a resale program. When we were done with that, we were in a quiet period, so we have not started resale yet. If we go in and look at the report on the result, we can see that it reflects the transformation we are going through. We have a turnover of minus 61 million SEK for Q2, which is 11 million SEK for Q3. But it is important to see the trend. We see that we are successfully adapting our costume to the new, more limited business and that we are unveiling the parts that we have decided to unveil. Vi är nu en liten och effektiv organisation och vi känner att vi står väl förberedda för att växa lönsamt igen med den nya strategin.

Doxa har idag en tydligt renordad portfölj. Merparten av portföljen består av våra innehav i Karlastaden i form av Karlastaden Media, Gothenburg View och Karlastaden Byggrätter. Together, they account for approximately 90% of the portfolio value. In addition, we have a project portfolio in Doxa Project Utveckling AB, with projects of different characteristics around the country, around the major state regions. During the year, we have also completed a number of ongoing BRF projects som nu då är klara och vi har kunnat lägga dem till handlingarna. Det innebär att vi nu då har kapacitet att fokusera framåt på utvecklingsmöjligheter och andra typer av fastighetsinvestering.

If we look at the financial report, we can see that the substance value is 1.61 kronor per share, which is almost 2.1 billion kronor in equity capital. We have worked with the rentable debt to decrease during the year and at the same time we sold off a large part of our assets at the beginning of the year. So we have a more pure balanced calculation and We can also see that we have deductions for competitors to the competition, which in the end unchanged since we did the first assessment at the beginning of the year. So we can say that we have fixed it, we have reduced the risk level and we are ready to invest in new assets. And we do a summary of the situation. we have gone from being an investment company within properties and also a construction company to becoming a more clean-spread property company. And this clean-spread makes it possible to build a new value based on stability, cash flow and long-term profitability. And today we have also launched Doxa's new integration. And that is a clear focus on property investments with development opportunities and positive cash flows. Our thoughts are that we should act in situations where traditional investors lack flexibility. We can have, for example, financial needs, fund development or ownership changes. And then we should be able to come in with capital, structure and competence and create a value for both our shareholders and also for the sellers.