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CORPORATE PRESENTATION
December 2013
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.
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
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
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
Dividend History

2013e is the average of analysts estimates
6
Share Issue History

* Hybrid loan
7
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
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
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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Technopolis Corporate Presentation 2013

  • 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. 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 4
  • 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. Dividend History 2013e is the average of analysts estimates 6
  • 7. Share Issue History * Hybrid loan 7
  • 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. 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. 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

Notas do Editor

  1. MESSAGE: - GEOGRAPHIC DIVERSIFICATION COULD ALSO INCREASE CUSTOMER DIVERSIFICATION  ACQUISITION IN VILNIUS BROUGHT US SEB AND WESTERN UNION IN TOP20 CUSTOMERS