MOBIMO HOLDING AG 
Annual Report
2022
Contents
Management report
Selected key figures 2022
Letter to shareholders
Overview of the portfolio
Mobimo on the capital market
Our purpose and strategy
Business model
Sustainability
4
6
8
11
12
14
16
Mobimo on social media
Mobimo is active on LinkedIn and Instagram. What Mobimo is all about - whether it's new projects, our employees, district events or the Mobimo & Art portfolio, just to name a few - is reflected on our social media channels.
Our districts and projects on social media
@quartierduflon
@aeschbachquartier
@langenthalmitte
Corporate Governance and compensation report
Foreword | 20 |
Corporate governance report | 21 |
Compensation report | 41 |
Report of the statutory auditor on the compensation report 49 |
Financial report
Group business performance | 53 | ||
Consolidated annual financial statements | 56 | ||
Property details | 112 | ||
Report of the statutory auditor on the consolidated | |||
annual financial statements | 125 | ||
Report of the independent valuation experts | 130 | ||
Annual financial statements of Mobimo Holding AG | 135 | ||
Report of the statutory auditor on the financial statements 142 | |||
EPRA key performance measures | 144 | ||
EPRA core recommendations | 152 | ||
Independent assurance report on the EPRA reporting | 154 | Linkedin.com > Mobimo Management AG | @mobimoimmo |
Five-year overview | 156 |
Webguide
Online annual report:
www.mobimo.ch > Investors > Reporting
Management structure:
www.mobimo.ch > About us > BOD/EB
Risk report:
www.mobimo.ch > Investors >
Corporate governance > Risk report
Share:
www.mobimo.ch > Investors > Share
Result | Unit | 2022 | 2021 | Change in % | ||||
Net rental income | CHF million | 120.0 | 112.5 | 6.6 | ||||
Profit on development projects and sale of trading properties | CHF million | 42.4 | 58.5 | -27.4 | ||||
Net income from revaluation | CHF million | 44.3 | 53.3 | -16.9 | ||||
Profit on disposal of investment properties | CHF million | 4.0 | 0.0 | nmf | ||||
Operating result (EBIT) | CHF million | 181.5 | 194.7 | -6.8 | ||||
Operating result (EBIT) excluding revaluation | CHF million | 137.2 | 141.3 | -3.0 | ||||
Profit | CHF million | 135.3 | 139.4 | -2.9 | ||||
Profit excluding revaluation | CHF million | 102.3 | 96.3 | 6.3 | ||||
Balance sheet | Unit | 31.12.2022 | 31.12.2021 | Change in % | ||||
Assets | CHF million | 3,855.5 | 3,770.5 | 2.3 | ||||
Equity | CHF million | 1,904.8 | 1,654.0 | 15.2 | ||||
Equity ratio | % | 49.4 | 43.9 | 12.6 | ||||
Return on equity | % | 7.9 | 9.1 | -13.2 | ||||
Return on equity excluding revaluation | % | 6.0 | 6.3 | -4.8 | ||||
Interest-bearing liabilities | CHF million | 1,609.8 | 1,785.3 | -9.8 | ||||
Ø Rate of interest on financial liabilities (for the period) | % | 1.00 | 1.30 | -23.1 | ||||
Ø Residual maturity of financial liabilities | years | 5.3 | 4.7 | 12.8 | ||||
Net gearing | % | 83.2 | 106.4 | -21.8 | ||||
Portfolio | Unit | 31.12.2022 | 31.12.2021 | Change in % | ||||
Overall portfolio1 | CHF million | 3,700.2 | 3,599.1 | 2.8 | ||||
Investment properties1 | CHF million | 3,112.6 | 3,120.8 | -0.3 | ||||
Development properties2 | CHF million | 587.6 | 478.3 | 22.8 | ||||
Gross yield from investment properties | % | 4.4 | 4.5 | -2.2 | ||||
Net yield from investment properties | % | 3.5 | 3.4 | 2.9 | ||||
Investment property vacancy rate | % | 4.3 | 4.8 | -10.4 | ||||
Ø Discount rate for revaluation (nominal)3 | % | 4.0 | 3.6 | 10.6 | ||||
Ø Capitalisation rate (real)3 | % | 3.0 | 3.1 | -3.9 | ||||
EPRA | Unit | 2022 | 2021 | Change in % | ||||
EPRA profit | CHF million | 71.9 | 63.9 | 12.5 | ||||
EPRA NAV per share | CHF | 304.8 | 297.7 | 2.4 | ||||
EPRA rental increase like for like | % | 0.9 | 1.6 | -43.8 | ||||
EPRA vacancy rate | % | 4.3 | 4.8 | -10.4 | ||||
Headcount | Unit | 31.12.2022 | 31.12.2021 | Change in % | ||||
Headcount (full-time basis) | Number | 160.0 | 162.0 | -1.2 | ||||
Of which headcount Mobimo FM Service AG (full-time basis) | Number | 39.2 | 37.8 | 3.7 | ||||
Environment | Unit | 2022 | 2021 | Change in % | ||||
Energy intensity | kWh/m2 | 114.6 | 119.0 | -3.7 | ||||
Emissions intensity | kg CO₂eq/m2 | 14.6 | 15.2 | -3.9 | ||||
Share | Unit | 2022 | 2021 | Change in % | ||||
Shares outstanding4 | Number | 7,252,377 | 6,596,379 | 9.9 | ||||
Nominal value per share | CHF | 3.40 | 3.40 | 0.0 | ||||
NAV per share (diluted) | CHF | 262.64 | 250.74 | 4.7 | ||||
Earnings per share | CHF | 19.02 | 20.88 | -8.9 | ||||
Earnings per share excluding revaluation | CHF | 14.39 | 14.43 | -0.3 | ||||
Distribution per share5 | CHF | 10.00 | 10.00 | 0.0 | ||||
Share price as at 31.12. | CHF | 236.00 | 305.50 | -22.7 |
1Including owner-occupied properties and including investment properties for sale, excluding owner-occupied tenant improvements and excluding right-of-use assets.
2Excluding right-of-use assets.
3In the year under review, adjustments were made to the valuation parameters as a result of the changed market conditions. Comparability with the prior-year period is therefore limited. For further information see Note 5, valuation details.
4No. of shares issued 7,261,701 less treasury shares 9,324 = no. of outstanding shares 7,252,377.
5Distribution of CHF 10.00 per share for the 2022 financial year from retained earnings and capital contribution reserve (in total CHF 72.6 million) as proposed to the General Meeting on 11 April 2023.
Details on the long-term trends in Mobimo's key figures can be found on page 156 (Five-year overview).
2 Mobimo Annual Report 2022
MANAGEMENT REPORT
4 Selected key figures 2022
6 Letter to shareholders
8 Overview of the portfolio
11 Mobimo on the capital market
12
14
16
Our purpose and strategy
Business model
Sustainability
Mobimo Annual Report 2022 | 3 |
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Mobimo Holding AG published this content on 10 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2023 06:08:50 UTC.
