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. 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
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was EUR 55,8 million. The Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki.
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. 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
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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
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
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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
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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
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Notes de l'éditeur
MESSAGE:
- GEOGRAPHIC DIVERSIFICATION COULD ALSO INCREASE CUSTOMER DIVERSIFICATION ACQUISITION IN VILNIUS BROUGHT US SEB AND WESTERN UNION IN TOP20 CUSTOMERS