Prisma Properties AB (publ)

Hello and welcome to our Q2 presentation. This is our first presentation as a listed company. We are, I would like to first mention the big achievement we did in Q2 with taking the company public to the Stockholm Exchange. This allows us to continue to grow with new developments and acquisitions on our existing markets. We are today the leading developer in Sweden and Denmark, but our goal now is to become the leading developer in the Nordics. If you look at the key figures, we are currently 123 properties with a valuation of 6.5 billion SEK. The current valuation is 6.6%, which is stable compared to Q1, and we believe now the valuation has peaked. We have an occupancy rate of 99%. We never build on speculation and therefore we can achieve these figures. And we are now aiming towards a 100% left portfolio by the end of this year. If we look at the performance of the company, the rental income grew 18% and NOI increased with 15%. Adjusted profit from property management amounted to 37 million, which are in line with our expectation. We continue to grow. We have signed several projects and several lease agreements around Sweden and Denmark. For example, we have signed several lease agreements with Villus, Lidl and Rusta. So the net lifting this quarter amounted to 50 million SEK, which we are quite happy with. When it comes to completed projects, we have completed several ones. For example, Big Dollar in Fredrikshavn, Cave Sea in Tärby and also Villus in Vagnhärad. We will have several other projects that we are going to finalize in Q3 and Q4, while we are also starting new projects in Q3 and Q4. What I would like to mention also is that Segmented One, one of our biggest projects in Kungeskurva south of Stockholm. In this report, the operating income are included, but we are planning to evacuate all tenants except one to be able to redevelop the whole scheme for the coming years. And we're quite happy that we already have received a positive planning decision from the municipality. So after the summer, we are planning to start a zoning process where we are after all planning to develop 20,000 square meters of new discount retail and grocery. As I mentioned in the beginning, we're planning to grow with all except development, but also acquisitions. And therefore, we have appointed now Tom Hagen as our head of transaction. So Tom has been involved helping us build up this company and portfolio the past years and in his previous role at Alma. So we're very happy that he has joined the team at Prisma. The third and the last thing I would like to mention is our property management agreement that we have with P&E properties. That agreement has been terminated during Q2 due to the fact that we have decided that long term, the best thing for us and our company and the shareholders is to have our own property management organization. So the current management agreement fee is based on square meter. So by having our own organization, we can continue to grow the coming years without increasing the cost of property management. A little bit more about our tenants and lease maturity. Top tenants, larger tenants. This includes also ongoing projects. We continue to grow together with the leading discount retailers, especially with Villis and Rusta. All of these tenants are performing very well and all of them have high interest in establishing new stores on existing and new markets. If you look at the rental income split based on the project pipeline and acquisition that we have identified, we're going to see that the grocery segment is going to increase up to 30 to 40 percent the coming years. If you look at the old 9.1 years, we're quite happy that we have defended that figure. We had 9.1 years in Q1 also. And due to the fact that we are developers, so 70 percent of the portfolio is newly developed by us. We have long lease agreements. So we are already now focusing on renegotiating all these agreements that expire before the end of 2027. So instead of continuously working with renegotiations, we can focus on together with the tenants, identifying new locations for new stores in Sweden and Denmark and other markets. If you look at the property portfolio, we have a little bit more than five billion seconds in Sweden. We've passed now one billion seconds in Denmark and we have two properties in Norway. For the coming year, we're going to see that a little bit more focus on projects in Denmark and a little bit more focus on acquisitions in Sweden. Martin, you may be able to

take the changes of the property portfolio. So we start off the year with a fair value of approximately six billion and we have since made acquisitions of 324 million, which the majority is of course segmented one in Hudvigenkungens Kurva. We have invested 243 million in the project portfolio and that run rate will increase now that we have the liquidity from the IPO to continue to focus on executing on the pipeline. As Fredrik mentioned, the yields are basically stable. We do have an unrealized change in value of minus 63. The majority of that 50 million is a write down from Q1 in the Uppsala project and the rest is a slight increase from 661 to 664 in average comparable yield from Q1 to Q2. Looking to the left in the table there, the split between standing assets and project properties has been impacted by the fact that we have moved segmented one and Uppsala properties, 470 million from standing assets to project properties. We have also made a short-term letting of 8000 square meters in the Uppsala property, which is a project property, but awaiting the zoning, we have made a short-term lease to a car dealership there, so it's quite a low square meter rent and quite a large number of square meters. So that also impacts the 8000 square meters in that deal.

So Fredrik, a bit about... Yeah, ongoing projects. We have seven of them. We have six dots, but the projects in Ljusdal involves two properties. We can start in Sigtuna municipality where we have signed a 20-year lease with ShopShop. That project is going to be finalized in Q3. In Hör, we have signed a 10-year lease with Rusta. Previous we have developed Ljusq, Jemufix and Dollar Store, so we have used our last building right there. So that project is going to be finalized also in Q3. Eksjö, where we also previously had a scheme of discount retail, we have also used our last building right where we have signed a 10-year lease with Rusta. That project is going to be finalized by the end of Q1 next year. In Ljusdal, which we communicated a couple of weeks ago, we have signed a long lease agreement with Rusta and Jemufix. So we're planning to start the construction within a couple of weeks. In Randers, the fourth biggest city in Denmark, where we are currently developing 6500 square meters, we have signed long lease agreements with Lagerund 150, 157, Te Hansen and Big Dollar. And the last project in Holbeck, Denmark, where we signed a 15-year lease with McDonald's. All of these projects are fully led, we never build on speculation. With this slide, I want to welcome all shareholders to the company. This is a top 10 list of the investors that have entered the company in the IPO. So we're very happy that we've attracted so good investors to the company.