Logistea AB (publ)

Thank you, and welcome to Logistia's presentation of the second quarter and first half of 2024. I'm Niklas Uckerman, CEO of the company and I'm with me as I said was Filip Lövgren, who is the CFO. We can see that it is with both joy and pride that we can present the first half of the year and the collaboration with KMC Properties. We have had highly established growth goals, which may have been questioned by some and it is clear that it is now very fun to be able to see that we have taken a big step in that growth. We will start to present the collaboration with KMC on the first pages and then we will talk on the subsequent pages about the first half of the year before the old Logistia. The new company in short, we will be a low-logistics industry company with a clear focus on the Nordic market. We will own 145 properties, 97% high-end, we will have properties worth about 12 billion SEK, rent value of 945 million SEK. We will have a joint drift network of almost 900 million SEK and an initial cast at a high of 6.9%. As you can see in the pie on the right, the majority of our properties are in Sweden and Norway. Then in the following order with Denmark, Finland and some properties in Northern Europe. A business that we are very happy about, as we said when we presented the business, a part in the form of KMC Properties that we have discussed with early and long and a perfect match. In the future, we will prove that this business will be more than one plus one. On the next page we have a summary of the To the right, we have again put together in the new company, worth to highlight a high degree of success, 97.4%. We have a recurring run time of almost 10 years, which is definitely the longest in the class. We will have a net loan of about 6.6 billion SEK, a net loan that well understays 50% and a average rent of .9% and that it comes around the upper side of the financial portfolio. There are many reasons and arguments for why this is so positive. One of them is that we will be a much larger company. We have been clear since we started the logistics that a noted property company that is on the main list should be worth 10 billion SEK. Now we reach 13 billion SEK. This has been an important reason why we want to grow. We get better cost distribution, central administration per square meter becomes much better. We can attract more investors, both Swedish and institutional institutions. We have a high expectation to get the EPRA index, which is extra important if you are going to attract international capital. We get more guest of interest, we get more bank relations and so on. So size is important and one of the many driving forces to why we think this business is so positive and good. As I said, the new stock value is about 6.5 billion SEK, which takes us from being a smaller company to being a larger one. Here we present both short-term strategies and savings in the long run. We have found and noted that we have savings of 14 million SEK from day one. We have listed a smaller management compared to the two companies. We get one management, we get a lower listing or notary and revision. We have a large savings of 14 million SEK. In our case, in the long run, we have a lot of potential savings in the form of being a larger company and getting better financial conditions. We have a secure obligation that is costly. We have a smaller amount of non-secure obligations that are costly. All in all, a larger company gets cheaper financial opportunities both in the obligations market and hopefully also in the banking market. We see a large and relatively fast job in our financial portfolio and hopefully find large savings opportunities. If we go into the first half year of logistic, that is, the old logistic for the conclusion that took place yesterday, we can see that the revenue of the driftnet is up by -20% in that size order. The management result is up by 48%. The 77 million SEK is cleared for transaction costs in relation to the current transaction costs. If you remove the transaction costs, the management result is 67 million SEK. We continue with high value, low reward rate, but as I said, this is less relevant, rather than looking at the numbers that we just presented in the same context as the company. A little bit of the same thing here, this is old data and does not apply to subsequent transactions. It may be worth noting that the economic level of expenditure is slightly upward, which is positive. In the rest, the value of the property is up to nearly 6.3 billion SEK. We have continued to rent per square meter in the size order of 600 SEK, which is low and good. New on the rental guest side is the property acquired in Åmål, where we have Dana, who will be our fifth largest rental guest. 4% of the rental value is in the old logistic and 2% in the new logistic. If you look at the net revenue, we have a positive net revenue of SEK 3 million per quarter. We have a rolling 12 months, a positive net revenue of SEK 13 million. These are the two listed numbers. Of course, continued high share indexing and we have 97% that is indexed according to the KPIs. A few words about the market in large and low logistic markets in more specific. We can see that the transaction volume in general in Sweden is up. If you look at our segment, it is up with a whole 145% Q2 over Q2. As we have been in earlier, it is driven by the fact that both Swedish and international capital likes low logistic properties. It is relatively high demand, long rents, good rents payers. You get a positive yield in relation to what the borrowed capital costs today. We see a good spread and we have seen it throughout the cycle. It is interesting to note that in every business, there is either an international shareholder on either the buy or sell side, which is positive and shows the spread in the market. In the extension with many shareholders and a large spread in the bid, it should show that the level of demand will rather rise than fall over time. If you look at the vacancies, it is still relatively high vacancies in the area, especially in northern Stockholm and Mälardalen, an area where we do not own properties and to a large extent driven by the speculation building that has not yet been revealed. A little short about two shares that are listed in the second quarter. The first is a property that we acquired in Åmål, 14.5 years in a contract with Dana Sweden, Tripp & Nett. Initial transfer 8% and that property is added here in June. The second property added when it is finished under Q4. It is a property that is produced at Samhall in Borås via Red. 4200 square meters and an initial transfer of 7.5%. In that property we will also install solar cells, storage battery and charging infrastructure for the guest. The other three properties that we wrote in the first quarter. I think we do not go into more detail with them. The first two are modern logistics buildings, more pronounced on long agreements to good guest. The right is the property that we bought in Falun with NKT as a guest. 13 years, tripp and nett agreement with them on a transfer level that exceeds 8%. In the quarter we have externally valued 28% of the property and the remaining part is internally valued. No changes in value during the quarter. The value is .6% and has been in that range for about a year now. We believe that we will see lower levels of return in the fall. And of course driven by a good investor's apetite and low levels of return in the transfer. But quarter over quarter, as you can see, there is no adjustment of our property value. Then I leave over to Filip for more numbers. Thank

you. Before I go in and tell more about the quarter TIFO, I will explain what has happened in the transaction. Logistia has previously done, there are two different types of transactions. There is a supply contract and then there is a movement contract. Logistia has previously only done supply contract. The contract with KMC will be classified as a movement contract. Another example of a movement contract is Castellum's contract of the king's office or KREM's contract of the club. So a larger transaction where staff and others are involved. It is a business that changes. The difference to a supply contract is that it is handled differently. Among other things, we have transaction costs that are not seen in the result calculation in a movement contract. But in a movement contract we have transaction costs. If we look at the staff at the far right in the management result, a brown mark, you see the transaction costs of the quarter relative to the interaction with KMC, which is 10 million SEK. But before I go there, we have divided the staff in different colors to be able to follow the different parts in the total income. We see that the income has increased during the quarter, mainly driven by sales but also from tints, among other things to the fortification office during the second quarter. We have a somewhat lower income tax, which has to do with the fact that it is a warmer quarter. We do not have as much media costs that will be further debited to our guests. The total income is 17% both for the quarter and for half of 2024 compared to the comparison period. The drift network has increased by 22% to 88 million SEK. During the quarter we have taken investments in our sustainability work and also done some re-classification of the management costs for the management organization. The management result, exclusively the transaction costs of 10 million SEK, is up 50% for the quarter to 42 million SEK. This is also an increase of 20% from the previous quarter. The management result of the shares is up 15% from the previous quarter. Notable is also that the financial network is standing unchanged compared to the comparison period, which has to do with the fact that we have amortized the financial sector and at the same time we have income tax on our liquid assets. If we go into the key words, we continue to maintain a low wage. We have not chosen to find or insure more loans, but the insurance damage has decreased by 70% compared to 84% during the year shift. This is in line with the fact that we will enjoy the coming tax cuts during the year. The loan structure consists of 96% bank loans. We have a smaller part of the obligation debt secured at SEK 75 million that falls in October. Even if we see attractive coupons and emissions on the capital market today, we are not actively looking at it right now. We have a substance value of SEK 14 blank, which is compared to SEK 13 and 20 that we had at the year shift. The ability to identify. If we look at the drift network upwards, it has been affected by the increase in the amount of income, the income tax we have added in the quarter, as well as a slightly better degree of vacation. Also down to the financial network, it is somewhat smaller compared to the previous quarter. We have a slightly lower average income tax on the total stock of the loan portfolio, and we have added a higher debt. The FOC share list to the right will look different today compared to what it did on the report day. What has happened during the period is that we had a directed emission in March in the form of an ABB, where we took in new owners, mainly directed towards institutional owners. We welcomed, among other things, national insurance funds and our existing shareholders in the form of AP4, which is a two-way sign. During the quarter, we have made an emission in the form of the increase in the property in Åmål.

There are no more questions right now, so I leave the floor to the speakers for any written questions or closing comments.

We have received one via the chat, or two actually. What will be the value of the substance per share after the close-up? The business with KMC is constructed in such a way that we make it substance to substance, so the value of the substance after the transaction will remain unchanged. The second question is when will we see higher market value? Yes, the question of 10,000 SEK. Our view is that the probability of lower emission levels during the autumn is probably higher than we see it turn around. The probability of higher property value during the autumn is probably higher than we see lower property value during the autumn. Then, during the autumn, and in what extent, we will see, but if you look at the history, the transaction market needs to get going. It has done that for our type of property, and it has actually worked throughout the cycle. But now we can see a clear improvement. This is the first step. This means that there are more actors, more competition, and this is partly driven by lower market rates. But with increased competition, and everything else alike, it tends to push up market values. We think we will see that during the autumn. And it is important to believe, above all, for our type of property, or property law, where, as I said, there is a much better depth in the investor base. That was what we had. It may be an indication that the summer is coming to an end. We are happy to answer questions via email or phone, if there is anything. Otherwise, we will be active here during the other parts of August and September with presenting and marketing the new logistic after the meeting. We hope to see many of you then. Until then, we wish you a pleasant summer.

A pleasant summer. Thank you very much.