John Mattson Fastighetsföretagen AB (publ)

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Welcome to the conference call. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answer session, participants are able to ask questions by dialing star 5 on their telephone keypad. Now I will hand the conference over to the speakers. Please go ahead.

Welcome today. My name is Per Nilsson and I am the CEO of Jomatson. I look forward to presenting our quarterly report for the period from January to March together with our CFO Ebba Pihlokart. Despite the cold and snowy start of the year, Jomatson continues to deliver strong growth in the management value of the share, while we continue to have a positive value development in our assets. The administrative result increases by 9.8% per share compared to the first quarter of the previous year, and the long-term surplus value per share increases by 7.1% compared to the same period of the previous year. We have continued our work to increase the risk-adjusted discount in our passive portfolio. This is by excluding the company's most low-discounted assets, to free up capital for investments with higher deductions. At the beginning of the year, we converted two properties, both to premiums compared to book value, which also shows the value potential in our property portfolio. We have also had a continued progress when it comes to the work with a return to new production here during 2026, where we, during the quarter, entered a lease agreement with and after the start of the quarter, the entrepreneurial agreement with the ERO Group was signed. This is for the care and care residents in Abramsberg, which will be the first project that we start up here in 2026. We have also been successful in our work to expand our project portfolio in previous stages, where we, after the start of the quarter, have a plan for a care and care resident in Larsberg in Lidingö. And we have also, after the quarter's start, entered a JIV with BESCAB, considering the implementation of two housing projects. In total, there are 340 apartments. We will return to that later. After the quarter's start, we have also received information that Turaco's board has proposed a division which is compatible with the sale of their administrative properties. Jörn Mattsson is a shareholder in this company, and given our shareholder, this would mean that if the yearbook decides on the proposal of the board that a division would correspond to about 23 million kronor for Jörn Mattsson. Ebba will tell you a little more about this later in the presentation. If we move on to the goals, we can see that we have a decline that is in line with our financial goals. Our financial goals are that we will have growth in administrative results per share of at least 10% and growth in long-term substance value per share of at least 7%. If we start with the growth in administrative results, the revenues for quarter one increase compared to the same period the previous year by 4.1%. This is above all a result of the major rental negotiations, but also a result of the valuable housing upgrades that have been carried out, which increases rental revenues and also a continued successful work with and rent out the commercial property, which has resulted in increased revenues in our commercial stock. And as I mentioned earlier, we have initially had a very cold and snowy winter. Despite this, we actually manage to have very good cost control, so the property costs increase by only 0.2 percent per quarter compared to the same quarter last year. So högre intäkter och god kostnadskontroll gör att driftsöverskottet ökar med 6 % för kvartalet jämfört med föregående år och att vi då uppnår en överskottsgrad om 69,2 % för kvartalet och hela då 72,6 % för den senaste 12 månadersperioden, vilket är för bolagets rekordhög nivå. Even though we have a higher average interest rate for the first quarter of the year compared to the previous year, the administrative result increased by 9.8% per share. If we then move on to the growth in long-term substance value, the trend we have had since the beginning of 2024 with the rising real estate value quarter by quarter. For the first quarter, we have continued to have stable decommissioning requirements, which in combination with improved waste management, but also value creation in our project operations and realized value changes from the reforms that have been carried out during the first quarter, that we have a positive value development of 0.5% for the quarter. And this contributes to a growth in long-term substance value per share of 7.1%. If we move on to our asset value, there are only minor changes that have occurred compared to the previous quarter. And this is due to the two reforms that we carried out during the first quarter. The number of apartments has dropped by 47 to 4,255, and the available area is 340,000 square metres, which is 2,000 square metres lower than the previous quarter. 82% of the available area is used for the continuation of housing. If we move on to our development project, we have continued to have good progress when it comes to developing building rights and preparing for a return to new production in 2026. If we start with the project geography book, which is the first project that we plan to start here this year, we have We had a good progress in that project, where we signed a lease agreement during the quarter, together with Vardaga, to become operators for this health care line. After the quarter's exit, we signed an entrepreneurial agreement with Aerogruppen for the implementation of the project. The joy in this project is that we have continued to develop this project, which has led to an improved climate impression. We have previously communicated that we have a climate roof for this project that is up to 270 kilograms of carbon dioxide equivalent per BTA. And that figure is now up to 237, which means that we are a good bit below the roof that we have set up. So we are now continuing with the preparations and the goal is that we will continue to have a production start here during the second quarter of 2026. If we move on to the next project, project Ekorten, then the project has been approved by the Ministry of Environment and Urban Development in Lidingö. And that means that we continue to go towards a low-power detailed plan here during the second quarter. And this is one of the two projects that this JV with BESCAB includes. Then, as I mentioned earlier, we have received the positive plan message for a new nursing home in Lörsberg on Lidingö. If you do not include that project in our project portfolio, it is included in the development project for 733 apartments. which we received a plan for after the end of the quarter, which is why it is not included in the agreement. But if you include it, the project portfolio will go up to 839 apartments instead. And in this picture you can see the project that we received a positive plan for after the end of the period. And it is a care and care home in Larsberg that comprises Hundra vårdplatser och även LSS-boende. Platsen för det här vård- och omsorgsboendet är mycket attraktivt. Det ligger precis nere vid vattnet på Lidingö i direkt anslutning till natur. Närheten till Larsbergs centrum och goda kommunikationer gör att det är ett ypperligt läge för en sån här typ av verksamhet. And if you look at the need for nursing homes, we see a strongly increased need in the entire Stockholm region. And the background to that is that we have a changed demographic, where the age group that exceeds 80 years is considered to increase significantly in the future. Therefore, we are happy to be able to meet part of this need through this project. If you look at the nursing home As part of our real estate portfolio, we see this as an attractive segment. As I just mentioned, it has a high demand, but it also completes our residential areas in a good way. We often own large, connected residential areas, which makes it natural to complete our rental rights to achieve greater diversity in our areas and meet the needs of different target groups throughout life. This is also very important for us when it comes to diversifying our property portfolio. The majority of our properties are in rental properties, where rents are adjusted through annual rental negotiations. But by increasing the number of nursing homes, we increase the proportion of rental income that is adjusted by copy on a yearly basis, which also means that we to reduce the risk of strong inflation in the portfolio. And that we get this plan report is like a receipt of the potential that exists within our portfolio. John Mattsson has, above all, properties in clusters where we have several properties in related areas, which also means that there are good conditions for profitable compensation on their own land. And in December 2025, we received a plan notice in Sollentuna. And now, in April, we received a plan notice here in Lidingö. So this shows a greater potential in our stock. If we then move on to JV with Beskad, which we entered here after the quarter's start, it will of course include the implementation of two and this is the initial scope. And then there is a housing project that John Mattsson then provides, and that is the project Ekporten, which I just told you about, which covers about 90 apartments in Lidingö. And then we have a housing and rental project of 250 apartments in Huvudstad in Solna, which then Beskad then sells in JV. En positiv aspekt med det här givet är att John Mattsson har option på att förvärva de färdigställda hyresrätterna. Tittar man på logiken i det här givet så är det verkligen kompletterande kompetenser som både vi och Beskav tillför i det här givet. John Mattsson har en väldigt lång erfarenhet när det kommer till utveckling och förvaltning av hyresrätter, medans Beskavs kärnkompetens ligger i utveckling av bostadsrätter. And if you look at John Mattsson's conditions to generate building rights, our properties are often in very central, attractive areas, which makes it most profitable to develop housing rights projects in our areas. It is also good to mix up our often fairly homogeneous rental rights areas with housing to increase diversity in our areas. But this means that the building rights we develop do not contribute to the long-term expansion of our real estate portfolio. But through this opportunity with Beskab, we can then sell housing rights building rights, while Beskab primarily sells rental rights building rights, which means that we, with the option of acquiring them, can then use the housing rights building rights to also be able to expand our real estate portfolio in the long term. And this is a long-term collaboration, so the ambition is that we will jointly grow this project company with more projects over time. And with that, I would like to hand over to Ebba.