Cibus Nordic Real Estate AB (publ)

Well, good morning all. Welcome to CIBA's second quarter results presentation. We're speaking to you today from our office in Stockholm. Christian Fredriksson, CEO, speaking now.

And Pia-Lena Olofsson, CFO.

And it's in the middle of summer here in Stockholm, and we apologize. There's a strict no drilling policy in the building we are, but apparently someone thought all office buildings were empty. So apologies for any drilling in the background noise here from somewhere in the building. Right, right. Let's jump into things. CBUS, converting food into yield. That's our slogan. It still is. And it tells exactly what we do. It's still a fantastic slogan because it says what we do, i.e. owning grocery, daily goods, real estate. Looking at our portfolio and what we do these days is we're still the only listed pure daily goods real estate vehicle in the Nordics. We've been listed since 2018. We are now a pan-European platform after our acquisition in the Benelux earlier this year. We aim to create stable cash flows, increase earnings capacity per share. We have a market cap of about 1.3 billion euros in a very liquid share, which Pialeno will tell you a bit about later. And also important for many is that we pay the monthly dividends to our shareholders and it's a five year anniversary in October this year. And looking at the map on the right, you will see also that this is the first quarter where the this is what the NOI looks like per country for a full quarter. So you'll see Finland is our largest market with about 15% of NOI and then Belgium and Denmark fighting it out for second place about 15% of our NOI and then Sweden our third largest market, fourth largest market sorry, and then the Netherlands, Norway and Luxembourg. You will see the getting back to that a bit later to sort out the acquisitions we've done and when we announce them etc So looking at our properties at the end of the quarter 2025, 637 properties, a very well diversified portfolio in seven countries, about 2.4 billion euros of property value, NOI 156.3 and 1.3 million square meters. And as you'll see on the pie chart to the right, you will recognize many of these household names. And that's our strategy to have a well diversified tenant mix of the large most dominant grocery chains in each country. Digging further into our portfolio and our business, our aim is to create stable cash flows. And how do we do that? Well, we try and create stability in every part of our business. And how do we do that? We own 81% of rental income is from non-cycle daily goods tenants. 95% of our properties are anchored by daily goods tenants. A well-diversified portfolio is mentioned in the number of assets. And then we continue to grow our cash flows. If we won't be carrying or are not carrying out any acquisitions, then also through indexation growth because 99% of our leases are CPI linked and almost all are fixed rent leases so i.e. not much turnover rent at all in our portfolio. Our average vault is 5.9 years and has been around that number since we were listed in 2018 of above five years. Our average asset size is 2,100 square meters, and that's a very well diversified portfolio as well, because as seen here, our largest property is about 1.3% of our NOI. When creating these stable cash flows, it's very important also, of course, to have costs under control. And one way of doing that, as we do it, is that we have 90% of our leases are net or win-win for our tenants many of our tenants of course are grocers and for grocery business the stores and the accessibility of the stores and the stores networks function is very very important it's operational infrastructure so it's a win-win for many of our tenants they can take care of their stores themselves um through our net and triple that leases and then of course creating stable cash flows also nine being having a large part of our interest rate So looking into financial summary of Q2, just handing over to Pele.