Wallenstam AB (publ)

Welcome to the presentation of the first half year of 2024. My name is Susanne Linde, CFO and Head of Investor Relations here at Wallenstam. I start with some events during this second quarter. We acquired land in April in Elta. from Nacka municipality for a price of 136 million and 50 million more in April, 2026. And this is in our urban development project here in Elta. We have also sold three ready to use building rights in Umami Park, Sundbyberg for an agreed price of 147 million. It was vacated at the end of May. And you can see here on the picture Östermalmssallen. We received more awards from this reuse project in Munnlycke. In 2022, we took down the temporary market hall on Östermalmstorg in Stockholm and erected it as a pedal hall in Munnlycke, which you can see here on the picture. With competition entries from 80 countries, it is now clear that our fantastic reuse project is a winner in two categories in the Architizer A-plus awards. It's both for sustainable adaptive reuse or renovation and also gyms and recreation centers. So we are very proud of this reuse project.

So if you visit Munlike, go there and play some paddle.

So what is Wallenstam today? A summary of the company and it's almost the same as last quarter. But you who are new listeners, I can go through it. We have properties in both Stockholm and Gothenburg region. Residentials have a volume of 51% of the rental value and we have our residentials in both regions. The commercial part is mainly in Gothenburg and CBD of Gothenburg. We have a good demand for our product with an occupancy rate of total 96%. We are self-sufficient and also a net producer of renewable energy by our 53 wind turbines. And we have also 12,000 solar panels, which produce the same as two wind turbines, or it has an effect as two wind turbines. And when I talk about energy, I can summarize our work with sustainability this quarter. First, I will tell you about our status regarding the implementation of CSRD. We are not legally forced to report this until financial year 2025. We have completed the dual materiality and the board and group management has adopted it. And it shows what sustainability risks and possibilities we think affect most. both regarding people and environment and also financial. One thing that we can see that we think is important and a risk is security. In this new environment with a lot of bad things happening makes people feeling unsafe. We think and hope that we can help to make that better and make our areas a safer zone to live and have your business in. So because of that, we arranged meetings with tenants in two residential areas to increase collaboration and security. We were some employees from us, from instance, our security department, which we have in our company, but also the police. It was two events which were very appreciated by the tenants. So hopefully we can do the same in other areas. We have also joined the recycling hub in Gothenburg, Rebygg. It's a recycling hub for the construction industry with a focus on the reuse of building materials for local adaptions to minimize the amount of waste and promote sustainable constructions. We have also planted some new trees and plants in Umami Park in Sundbyberg, which you can see here on the picture, to help biological diversity. But it's not just this that I talked about on this page that we work with. We are also doing a lot of sustainable activities in our property holding, like decrease energy consumption and so on. So let us go forward and talk about the result for this half year. If we start with the net operating income, it has increased by 14%. It's up to 1.1 billion. We recognize a surplus ratio of 76.2%, and that is now on the same level as before the energy crisis.