technopolis corporate presentation 2013

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CORPORATE PRESENTATION December 2013

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DESCRIPTION

Technopolis Plc is a listed real estate company that specializes in leasing space and providing services. Its core business idea is to combine business support services with modern, flexible, multi-user business environments. There are approximately 26,000 people and almost 1,400 companies and organizations in Technopolis premises in Finland, Russia, Estonia and Lithuania. The company’s net sales for 2012 totaled EUR 107,3 million, and its EBITDA was EUR 55,8 million. The Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki.

TRANSCRIPT

Page 1: Technopolis Corporate Presentation 2013

CORPORATE PRESENTATIONDecember 2013

Page 2: Technopolis Corporate Presentation 2013

Technopolis Plc is a listed real estate company that specializes in leasing space and providing services. Its core business idea is to combine business support services with modern, flexible, multi-user business environments. There are approximately 26,000 people and almost 1,400 companies and organizations in Technopolis premises in Finland, Russia, Estonia and Lithuania. The company’s net sales for 2012 totaled EUR 107,3 million, and its EBITDA was EUR 55,8 million. The Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki. 2

TechnopolisA Nordic Baltic Approach

Page 3: Technopolis Corporate Presentation 2013

A Diversified Customer Mix

Top 20 CustomersCustomer Segments

As of 30 September 2013 the 20 largest customers were renting ca. 38% of the company’s space

Page 4: Technopolis Corporate Presentation 2013

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Key Indicators Q3/2013

Key Indicators 1-9/2013 1-9/2012 2012Net sales, EUR million 91.6 78.7 107.3Net sales growth, % 16.5 15.7 15.6EBITDA, EUR million 47.2 40.3 55.8Operating profit, EUR million 32.3 32.9 48.0Net profit for the period, EUR million 14.2 17.1 25.8Earnings/share, undiluted, EUR 0.16 0.25 0.37Cash flow from operations/share, EUR 0.42 0.36 0.56

Key Indicators, EPRA-based 1-9/2013 1-9/2012 2012Direct result, EUR million 29.3 19.8 29.9Direct result/share, diluted, EUR 0.39 0.29 0.43EPRA Net asset value/share, EUR 5.52 5.52 5.67Net rental yield, % 7.6 7.8 7.8Financial occupancy rate, % 92.0 94.8 95.3

Page 5: Technopolis Corporate Presentation 2013

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Balance Sheet Summary

Statement of Financial Position, EUR million 30 Sep 2013 31 Dec 2012Fair value of investment property 1,133.4 1,014.1Total non-current assets 1,181.2 1,048.6Current assets 31.6 34.1Total assets 1,212.8 1,082.7Total shareholders' equity 474.0 389.5Total liabilities 738.8 693.2Liabilities and shareholders' equity 1,212.8 1,082.7

Key Figures 30 Sep 2013 31 Dec 2012Interest-bearing debt, EUR million 658.3 608.1Interest coverage ratio 5.6 4.5Net gearing, % 136.6 152.1Equity ratio, % 39.4 36.2Loan-to-value ratio, % 57.2 59.5

Page 6: Technopolis Corporate Presentation 2013

Dividend History

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2013e is the average of analysts estimates

Page 7: Technopolis Corporate Presentation 2013

Share Issue History

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* Hybrid loan

Page 8: Technopolis Corporate Presentation 2013

Acquisitions – Espoo, FinlandFalcon Business Park (EUR 78 million)

Year of construction

2007–2011

DescriptionThree multi-tenant buildings and one building customized for one customer

Rentable space 26,000 sqm

Parking700 parking places, 500 of which are in an underground garage

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• The aim is to increase the value of the campus by increasing the occupancy rate, growing the net sales from services and making property maintenance more efficient

• Otaniemi is one of Finland's leading innovation clusters

Page 9: Technopolis Corporate Presentation 2013

Acquisitions – Oslo, NorwayFornebu (EUR 220 million)

Year of construction

1964*–2013

DescriptionTwo multi-tenant buildings and one building customized for one customer

Rentable space 70,500 sqm

Parking1,200 parking places in underground garage

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* Renovated 2008–2010

• Offers profitable growth and decreases the company's risk profile

• A strong local shareholder and possibly a Finnish minority shareholder

• Fornebu is one of the fastest-growing business and residential districts in the Oslo Metropolitan Area

Page 10: Technopolis Corporate Presentation 2013

Market Segments, in Fair Value

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After Investments, before Year-end 2013Current Portfolio, Sept 30, 2013

“After investments before year-end 2013” calculation method: Fair value September 30, 2013 + purchase price or estimated investment cost