Doxa AB (publ)

Hello and welcome to the presentation of Doxa's quarterly report for the first quarter of 2025. My name is Christian Lindgren and I am the CEO of Doxa. And on my side is Patrik Lindström, who is the head of our new production business. And he is new to the management since a month ago. Today we are up in Gothenburg View, which is an observation deck. at the top of the Kala Tower. We have come to events during the beginning of 2025. We started the year on the 3rd of January with me being released as permanent CEO and today we will decide on the vote to choose three new leaders. They are Lars Kongstad, Greta Magnus Kock and Derlandis Pettersson. It will also be a re-election of Greg Ringertz-Jang and Lena Grimslett. In general, the focus during the first quarter has been a overview of the business. We have gone from being an investment company to a real estate company and introduced new management principles every year. We have started our efficiency and adaptation of the business after having sold large parts of our assets at the end of 2024. This adjustment will affect the results during the first half of 2025 and during the second half of the year we will see more normalized cost levels. If we look at financial information in summary, we can see that we have a turnover that has risen to minus 22.1 million kronor. The larger part can be explained by central administrative costs. And the result for tax in remaining businesses was 28.1 million SEK. And financial costs were 19.5 million SEK. And the realization result for the sale of lottery companies was minus 11 million SEK. In total, it gives a result of almost minus 40 million SEK. And that gives a result of minus 3 euros per share and an equity capital per share of 1.77 euros. After the period started, we unfortunately received a message that the Chamber of Justice has rejected our complaint of a higher value tax of 148 million kronor. We will sue this court for the highest administrative court and we hope that we will receive a report on this during the coming months. We have also decided to Sälja eller avveckla verksamheter inom Cernike Invest som består av hotell, skidome och byggherrebolag. Därför har vi från 1 januari 2025 redovisat dem som verksamheter under avveckling. And if we look at Doxa's balance sheet, it consists of 3.7 billion, or 3.6 billion, of property-related assets. The largest asset is Kalastaden Byggrätter, which is up to 2.3 billion. That's 64% of our asset portfolio. The largest business we have is Gattenberg View, as it stands today. It is valued at 650 million kronor. Karlstad Media, which Patrik will tell you more about later, has gone up to 354 million. And we look at another business area, which consists of a project portfolio of almost 200 million kronor in project facilities and finished apartments of 120 million kronor. The other access points in the balance development are mainly access to sales, which consists of the real estate in Halmstad, as well as the business that I mentioned earlier, which is related to Scenic Invest, that is, Ski Dome, hotels and construction companies. And then we come to Karlastaden, which Patrik will tell us a little more about.

Thank you, Christian. Karlastaden consists of eight blocks and is located on Lindholmen here in Gothenburg. Right now, we are at building 69 in the tower, in what is called Gothenburg View, where we are now starting up the business. So far, we have been carrying out booked activities, dinners and events, but by 2026, the business will be launched in such a way that the general public will have access to come up here and visit this fantastic location. Man kan gå ett varv runt byggnaden här uppe och få en 360-graders vy av Göteborg med Omnej. Bytte bild. If we look at the area as a whole, the Kapella quarter will also be completed during 2024. Together with that, we have also started the construction of the garage that will cover the entire area. to one to two floors underground. Today, two parts of the garage are finished, both under the tower and under the chapel. The garage will be built successively, since the area is growing. Garaget är en del av den tekniska infrastrukturen och kommer hantera alla mobilitetslösningar och parkeringsbehov både för bilar och cyklar. Så det är en tillgång som är stark knuten till genomförandet av byggrätterna och kommer vara en väldigt viktig funktion i stadsdelen framöver. Then we also have the four quarters that remain, which are in Doxa's portfolio. Callisto, Cassiopeia, Aries and Auriga. All four quarters have building rights for both homes, commercial areas and cafes and restaurants in the basement of the quarters. Vi har möjlighet att variera innehållet och att mixa det på ett sådant sätt att vi dels får ett väldigt bra delprojekt i området men också att helheten blir bra attraktiv både som arbetsplats och bostadsområde. Och förhoppningsvis även till en hel del turister och andra besökare som vill besöka tornet och stadsdelen som sådan. Kan vi byta bild? In addition to the garage, the technical infrastructure consists of Karlastaden Media. Karlastaden Media supplies the area with all technical operating media or all technical supply that is needed in the area. We are talking about cooling, heating, suction, common sprinkler facilities, fiber and so on. The media company will also be built out in stages and follow the development and development in the area in general. All technical, all installations and all technology that is needed to drive Karlastaden will be built in one connected property that then includes seven of the eight blocks in the area. And from this property, there will be connections for respective blocks within these technical operating media. In the coming stages, we will also build a geo-energy facility in the area in order to be able to produce both our own heat and cooling and create an energy-efficient solution for the entire city. Mediabolaget Karlstad & Media enables both effective technical solutions, but also efficiency in the production and operation stages. We get energy-efficient solutions, so this will be a long-term and sustainable solution for the entire city. We also change the business area, and there are mainly two projects that I would like to highlight today. We have the BRF Theater Terrace in Landskrona, which unfortunately was affected by the competition as an entrepreneurial company in Sweden after the change of year. precis innan färdigställande. Men mina kollegor har gjort en hjälteinsats och tillsammans med leverantörer och UI-projektet lyckats färdigställa projektet så att planerade inflyttningar kunde genomföras som planerat. Och på tal om Höga Hus så är BRF Teaterterrassen i Landskrona Landskronas högsta bostadshus. Ett jättefint projekt och mycket attraktiva lägenheter. I would also like to highlight Västra Sjöstaden in Trelleborg. It is a project that we are running together with Granitor, a joint Jive company. And a good collaboration within Jive, of course, but also together with the municipality for many years, has now led to the fact that we have received a detailed plan for the first stage. And that was also in force here during the first quarter. So now the starting point for a development and construction of an incredibly attractive project that is located right by the shore and has the sea within range. So we will be able to produce many attractive apartments over time. And the work between land and exploitation is underway. That's an incredibly nice project and a good milestone to get through the first detail plans. Of course worth mentioning in this context.

A short summary. We take steps forward to achieve our goals. We create value through sustainable development, not least in Kalastaden, where we take steps forward. We avoid assets that are not part of the company's long-term strategy. And we work to ensure long-term sustainable financing for the company. And in the afternoon, we will keep the company in Malmö at 17.00. And if you have any questions, you are welcome to send them to corporate at doxa.se. Corporate at doxa.se. Thank you very much.

Thank you.