John Mattson (JOMA) investor relations material

Company history and strategic evolution

• Originated in the 1940s, shifting from construction to property management and later focusing on residential properties from 2008 onward.

• Major growth steps included external ownership in 2018 and a stock market listing in 2019, expanding from 2,000 to 4,500 apartments by 2021.

• Adapted to changing macroeconomic conditions post-2022 by restructuring for greater financial strength and efficiency.

Portfolio, market position, and growth model

• Concentrated in five high-demand growth municipalities in Stockholm, with 4,325 apartments and 345,000 sqm of lettable area, 82% residential.

• Low vacancy risk and high rental potential due to strong local demand and long waiting lists.

• Growth model based on four pillars: management, upgrading, densification, and acquisitions, allowing flexibility across market cycles.

Financial performance and operational efficiency

• Surplus ratio improved from 61% in 2022 to 72%, with a loan-to-value ratio reduced from nearly 60% to under 47%.

• Achieved 23% growth in management result per share and 10.2% growth in long-term net asset value, both exceeding targets.

• Cost reductions achieved despite rising utility costs, with energy efficiency projects reducing energy use by 9% year-on-year.