Technopolis Corporate Presentation 2013

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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.

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  • MESSAGE:
    - GEOGRAPHIC DIVERSIFICATION COULD ALSO INCREASE CUSTOMER DIVERSIFICATION  ACQUISITION IN VILNIUS BROUGHT US SEB AND WESTERN UNION IN TOP20 CUSTOMERS
  • Technopolis Corporate Presentation 2013

    1. 1. CORPORATE PRESENTATION December 2013
    2. 2. Technopolis A Nordic Baltic Approach 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 2 was EUR 55,8 million. The Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki.
    3. 3. A Diversified Customer Mix Customer Segments Top 20 Customers As of 30 September 2013 the 20 largest customers were renting ca. 38% of the company’s space
    4. 4. Key Indicators Q3/2013 Key Indicators Net sales, EUR million Net sales growth, % EBITDA, EUR million Operating profit, EUR million Net profit for the period, EUR million Earnings/share, undiluted, EUR Cash flow from operations/share, EUR 1-9/2013 91.6 16.5 47.2 32.3 14.2 0.16 0.42 1-9/2012 78.7 15.7 40.3 32.9 17.1 0.25 0.36 2012 107.3 15.6 55.8 48.0 25.8 0.37 0.56 Key Indicators, EPRA-based Direct result, EUR million Direct result/share, diluted, EUR EPRA Net asset value/share, EUR Net rental yield, % Financial occupancy rate, % 1-9/2013 29.3 0.39 5.52 7.6 92.0 1-9/2012 19.8 0.29 5.52 7.8 94.8 2012 29.9 0.43 5.67 7.8 95.3 4
    5. 5. Balance Sheet Summary Statement of Financial Position, EUR million Fair value of investment property Total non-current assets Current assets Total assets Total shareholders' equity Total liabilities Liabilities and shareholders' equity 30 Sep 2013 1,133.4 1,181.2 31.6 1,212.8 474.0 738.8 1,212.8 31 Dec 2012 1,014.1 1,048.6 34.1 1,082.7 389.5 693.2 1,082.7 Key Figures Interest-bearing debt, EUR million Interest coverage ratio Net gearing, % Equity ratio, % Loan-to-value ratio, % 30 Sep 2013 658.3 5.6 136.6 39.4 57.2 31 Dec 2012 608.1 4.5 152.1 36.2 59.5 5
    6. 6. Dividend History 2013e is the average of analysts estimates 6
    7. 7. Share Issue History * Hybrid loan 7
    8. 8. Acquisitions – Espoo, Finland Falcon Business Park (EUR 78 million) Year of construction 2007–2011 Description Three multi-tenant buildings and one building customized for one customer Rentable space 26,000 sqm Parking 700 parking places, 500 of which are in an underground garage • 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 8
    9. 9. Acquisitions – Oslo, Norway Fornebu (EUR 220 million) Year of construction 1964*–2013 Description Two multi-tenant buildings and one building customized for one customer Rentable space 70,500 sqm Parking 1,200 parking places in underground garage * 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 9
    10. 10. Market Segments, in Fair Value Current Portfolio, Sept 30, 2013 After Investments, before Year-end 2013 “After investments before year-end 2013” calculation method: Fair value September 30, 2013 + purchase price or estimated investment cost 10

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