Investor presentationFilago ASJanuar 2018
• Established in 2012
• Filago has projects that builds a new green society,through new technology and sustainable businessdriven by environmental concerns
• Filago creates value by being involved in ALL aspectsof property development including zoning,architecture, marketing and the whole buildingprocess to the handover of turnkey-finished houses
• In 2016 Filago finished construction phase 1 ofNorway´s first full scale Ecovillage in Hurdal with 64homes sold, built and delivered
• Filago is closely collaborating with both municipalitiesand government to zone new land for Ecovillage-projects
• Filago has a project pipeline that is likely to lead tonew projects in attractive areas around and in urbanOslo, in addition to other major cities
Introduction – Filago Group
EcovillagesAktivhus
Propertyzoning
Filago Group Overview
• Hurdalssjøen Økologiske Landsby SA• The farm in Hurdal on which the village is situated
• Fremtidssmia Økologiske Næringssenter AS• The local sustainability business centre
• Aktivhus Hurdal AS• Development company for phase 1 in Hurdal
• Aktivhus Entreprenør AS• Filago’s housing contractor for Hurdal 1
• Stilla Utvikling AS• Development company
• Aktivhus AS• Aktivhus concept and brand owner
Filago AS
100 % 70 % 100 %100 % 100%
Filago Gran AS Filago Tjøme AS
Filago Hurdal AS
100 %
100 %
100 %100 %
Filago Prosjekt Holding 1 AS
Stilla UtviklingAS
Aktivhus Entreprenør AS Aktivhus AS
FremtidssmiaØkologiske
NæringssenterAS
HurdalssjøenØkologiskeLandsby SA
Aktivhus Hurdal AS
100 %
Filago Prosjekt Holding’s Portfolio of Property
Hurdal 2: – 1 hour’s commuting to Oslo– 25 minutes drive to Oslo Airport– 52 000 m² of land– Planned to build approx. 120 units
Gran, Hadeland: – Just over 1 hour’s commuting to
Oslo– Close to Jaren railroad station– 130 000 m² of land– Planned to build approx. 180 units
Tjøme:– 1 hour and 30 minutes drive to Oslo– 20 minutes drive to Tønsberg (rail
road)– 45 000 m² of land– Planned to build approx. 100 units
Oslo
Hurdal
• The property area is divided into 5 differentresidential plots
• First plot fully developed with 64 residences,completed and sold in 2016 (phase 1)
• The four remaining plots have a potential ofapproximately 120 residences with a total area of10 000m2
• Application for building permit is submitted for allfour remaining plots and is expected approvedshortly
• Expected construction start in Q1 2018
• Estimated revenue of NOK 430m with expectedproject profit of NOK 65m
Plot 1 Fully developed
New plots
Detailed plans for 4 new plots
Tjøme
• The project consists of three properties at Ormlet on Tjøme
• The plan is to build approx. 30-35 residential units per property
• School, nursery school, sports arenas and recreational areas inthe immediate vicinity
• All three properties are residential areas in the municipalmaster plan. The zoning plan is expected to be approved in2018 with submission of application for building permitexpected in Q3 2018
• Expected construction start for Tjøme 1 in Q4 2018, while theremaining two plots expect to have startup in 2019
• Expected sales revenue of NOK 440m with expected projectprofit of NOK 65m
Tjøme 1 Tjøme 2 Tjøme 3
Gran
• Located at Jaren in Gran municipality, Hadeland
• Gran consists of two adjoining properties; Rognekollen Nord(north) and Rognekollen Sør (south), with a potential of 180residences (15 000 m2)
• Rognekollen Sør is zoned and application for building permit isplanned to be submitted in Q2 2018 with construction start inQ1 2019
• Rognekollen Nord is residential area in the municipal masterplan. The zoning plan is expected to be approved in 2018 withapplication for building permit expected in 2019
• Expected sales revenue of NOK 680m with expected projectprofit of NOK 102m
Rognekollen sør
Management
Trygve Strand, CFO Filago AS• Siviløkonom/MSc from BI• Experience from Finance and Group Treasury in
Telenor ASA and REC ASA• Background as financial auditor KPMG
Helge Lund-Roland, Owner and board member• Architect from NTH• 17 years of experience from real estate
development from idea to implementation• Previous experience from Profier Gruppen AS
Rolf Jacobsen - Architect• Architect from AHO• Expert in sustainable real estate planning and
development• 30 years experience as a project architect• Established Gaia Architects (1985) and Aktivhus
(2009)
Bård Hauge – CEO Filago AS• Journeyman Carpenter• 20 years of experience from management
positions within industry• Previously Corporate Supply Director with Aker
Solutions and Sales and Marketing director atBrødrene Dahl
Geir Svendsen – Project Director Filago• Civil Engineer from NTNU• Wide experience (34 years) from industrial
business areas• Management experience from large energy
projects and pulp/paper industry
Pål Lund-Roland, Owner• MSc Norwegian School of Economics and
Business Administration• 25 years of experience with conceptual and
industrial real estate development• Co-founder of Profier Gruppen AS
• Mamatoto’s board and management have experience from Orkla,Nordic Capital, Profier gruppen and Estatia
• Total asset of NOK 208m and equity/shareholder loan of a totalof NOK 96m
• Mamatoto is focused mainly on commercial real estate• Mamatoto is owned 50/50 by Rygh and Lund-Roland• Mamatoto owns 68.3% of Filago AS
Main Shareholder of Filago - Mamatoto AS
Rental apartments, Kirkenes
Grocery store, Kirkenes
Hurdal Eco Village
The ultimate owners
Tom Vidar RyghChairman
Tom Vidar has worked within Finance and Industry for more than 30 years. Over the last twenty years he has, amongst other activities, directed financial activities of Orkla ASA, was CEO of Enskilda Securities AB and been partner in Nordic Capital. He has been Chairman or a member of a wide range of Boards such as Telenor ASA, Oslo Stock Exchange and StorebrandASA.
Tom has a Master Degree in Business from the Norwegian School of Economics and Business Administration.
Pål Lund-RolandCEOPål has worked 25 years with conceptual and industrial real estate development. Over the last twenty years he has co-started the Profier Gruppen AS and the Estatia Group
Pål has a Master Degree in Business Administration from the Norwegian School of Economics and Business Administration.
Business Model
Project search
Project development
and zoningProject
initiationSales and marketing
Construction phase
Delivery of homes
Filago holds the reins in the projects from start to finish; from zoning, concept development, concept visualization, project development and all the way to delivery of a finished in-house developed Aktivhus
(Property zoning while held by Filago) (Property sold to the project subsidiary) (Property divided and sold to end users)
Increasing land values
• Filago is working closely withmunicipalities and private owners tofind, regulate and develop suitableproperties
• Municipalities are supportive to theenvironmental friendly developmentconcept
• In all processes Filago seeks to createan attractive project for both theresidents and for the community as awhole, serving as a mean to helpfacilitating ”the green shift”
Conceptual, repetitive real estate development
• Filago either owns 100% or is themajority owner of the propertydevelopment projects
• The value chain is controlledthrough partners and subsidiariesthat are developing, initiating andconstructing the projects
• Targeted project-margin is 15%
Delivery of Aktivhus to Filago projects and to external customers • Filago has developed and owns
their own brand of environmentallyfriendly houses called “Aktivhus”.Filago is now developing a scalabledelivery system for the houses
• Aktivhus is a house built almostentirely of natural materials and is«self breathing» and naturallyventilated
• Filago will continue developing,delivering and maintaining thebrand value of Aktivhus and itstechnology
Aktivhus – Registered Trademark Since 2009
• Aktivhus consists almost entirely of natural materials,and is recommended by The Norwegian Asthma andAllergy Association
• Low maintenance external siding minimizes the need touse chemicals during the home´s lifespan
• Ventilation systems using manually controlled fresh airchannels, as an alternative to standard methods ofmechanical ventilation
• Solutions, pricing and delivery verified through the R&Ddone in the construction phase one in Hurdal EcoVillage
• Upgraded and improved solutions ready forimplementation in phase two
Filago’s Existing Portfolio of Other Projects
Eidsverket, Bjørkelangen:– Planned built about approx. 9 000
m2 housing– Estimated start : 2019
Nesodden:– 15 minute ferry-ride from Aker
Brygge, down town Oslo– Full scale Eco Village.– “Approx. 300 000 m2 land– 20 - 30 000 m2 of housing with
about 250 – 400 dwellings– Estimated start.: 2020
Bærum:– A suitable lot has been identified
together with the local municipality– Approx.: 180 - 240 dwellings– Estimated start: 2019
Asker:– A suitable lot has been identified
together with the local municipality– Estimated start: 2019
Oslo:– A suitable lot has been identified
with the local municipality for a pilotproject in he city center
– Estimated start: 2019
Tromsø:– A suitable lot has been identified
together with the local municipality– Estimated start: 2020
Skytterhustunet, Kirkenes:– Zoned for housing– Planned approx. 3500 m2 housing
with 50 dwellings– Estimated start : 2018
Appendix
• Mamatoto owned by Tom-Vidar Rygh and PålLund-Roland
• HLR Invest AS is Helge Lund-Roland
Filago Ownership
Shareholder Share%
Mamatoto AS 68.26 %
HLR Invest AS 10.23 %
Ulven Investment AS 7.67 %
Win-Win AS 6.17 %
Likida Invest AS 3.98 %
Gunnbjørn Gulliksen 2.21 %
Mahendra Shah 1.47%
Total 100.0 %
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