TECHNOPOLIS. The Art of Innovation Ecosystems

Transcription

1 TECHNOPOLIS The Art of Innovation Ecosystems OULU JYVÄSKYLÄ KUOPIO LAPPEENRANTA TAMPERE ST. PETERSBURG GREATER HELSINKI Only STP Chain in Europe Hi-tech customer service specialist Fast growth, strong earnings Solid assets, equity ratio Best Nordic Nasdaq OMX real estate services performer 1

2 The Technopolis Concept Discovery Start-Up Growth Maturity Anchor 2

3 A Chain of the Hottest Hot Spots customers employing roughly people 15 science and technology parks (STPs) operating as a chain m 2 of space in use and under construction 445,000 m 2 facilities in use and under development Efficient innovation ecosystem management is key driver Covers all clusters from ICT to life sciences and KIBS 3

4 Breakdown of Properties by Region Lappeenranta 5,3 % Tampere 7,8 % St. Petersburg 1,2 % Kuopio 11,6 % Oulu 38,0 % Jyväskylä 11,0 % Greater Helsinki 25,2 % 4

5 Business Services ICT services Reception Restaurant & catering Security Office cleaning Conference services Video conferencing Office services Moving and office planning Facility management 5

6 Business Development Services Discovery & Open Innovation Bodyguard Sparring & Mentoring MoneyTalks Growth Funding Services Born Global Growth Services Discovery Assessmen t Go/No Go Company founded Year 1 Year 2 Year 3 6

7 Business Development Services Start-Up Operations* /2008 Start-up assessments New business development contracts Class-A start-ups Risk investments for clients (deals) Risk financing for clients (MEUR) Early stage Risk financing deals avg. (MEUR) Total # of start-ups in programs NA NA NA NA * pro forma, Tampere and Kuopio from

8 Technopolis Ventures A-Clients have raised 48 million in private capital in 2008 Type Euros (m) # ** Avg Size % of ( m) Total Angels % Finnish VCs % Int'l VCs % Others % Total % Includes 45 investments into 31 companies Data based on publicly available information & conversations with company management and investors. 8

9 Largest Customers Customer ARK Therapeutics Aspocomp Oulu Oy Digia Plc Fazer Amica Oy Honeywell Oy Inion Oy University of Jyväskylä Kemira Group Logica Suomi Oy Metso Paper Oy Customer NetHawk Oy Nokia Asset Management Oy City of Oulu PKC Group Oyj Pöyry PLC SWECO Industry Oy Helsinki University of Technology TeliaSonera Finland Oyj TietoEnator Corporation VTT - As of the 20 largest customers were renting 46% of the company s space. - No single company generates more than 9,3% of the company s rental revenue. 9

10 Largest Investments Site Area Year m 2 MEUR Technopolis Kuopio Oy acquired Kuopio ,3 Hermia 12 complete Tampere ,0 Vapauden aukio 1 complete Lappeenranta ,5 Helsinki-Vantaa 5 in progress Vantaa ,0 Ruoholahti 1 complete Helsinki ,0 Kontinkangas 3 & 4 complete Oulu ,5 Kontinkangas 5. phase in progress Oulu ,2 Hermia phase * in progress Tampere ,5* Yliopistonrinne 1. phase** in progress Tampere ,3** Ohjelmakaari 2. phase in progress Jyväskylä ,7 Pietari, Pulkovo 1. phase in progress Venäjä ,0 Total ,0 * Includes 300 parking spaces ** Includes land acquisitions totaling 5,6Meur 10

11 TECHNOPOLIS ST.PETERSBURG City Center TECHNOPOLIS PULKOVO TECHNOLOGY PARK Good transport connection to city centre 10 min to closest metro TECHNOPOLIS INNOVATION CENTER of St. PETERSBURG 10 min to airport 5 min to Ring road 11

12 Sales & Earnings 60,0 50,0 40,0 30,0 20,0 10,0 0,0 Net Sales, Meur +28,9 % Operating Margin, Meur +30,2% Q3/07 Q3/08 30,0 25,0 20,0 15,0 10,0 5,0 0, Q3/07 Q3/08 45,0 40,0 35,0 30,0 25,0 20,0 15,0 10,0 5,0 0,0-5,0 Operating Profit, Meur Q3/07 Q3/08 Change in fair value of investment properties Operating profit without change in fair value 12

13 Balance Sheet 700,0 600,0 500,0 400,0 300,0 200,0 100,0 0,0 Total assets & liabilities, Meur +28,3 % Q3/07 Q3/ Equity ratio -% 600,0 500,0 400,0 300,0 200,0 100,0 0,0 Fair market values, Meur +24,1 % Q3/07 Q3/ Q3/07 Q3/08 13

14 Occupancy & Net Rental Yield Financial occupancy, % Net rental yield, % 97,0 96,5 96,0 95,5 95,0 94,5 94,0 93,5 93,0 Q1/07 Q2/07 Q3/07 Q4/07 Q1/08 Q2/08 Q3/08 7,80 7,70 7,60 7,50 7,40 7,30 7,20 7,10 7,00 Q1/07 Q2/07 Q3/07 Q4/07 Q1/08 Q2/08 Q3/08 14

15 The Power of International Ownership : Foreign Share 51.2% 2007: Foreign Share 55.7% : Foreign Share 9.8% 2005: Foreign Share 40.4% : Foreign Share 0.2%

16 Relative Share Price Performance EUR/share 7,00 6,00 5,00 4,00 3,00 2,00 1,00 0, T echnopolis Citycon Sponda 16

17 Year-end Prospects Demand expected to remain satisfactory Technopolis occupancies, revenues and earnings expected to remain satisfactory despite financial crisis Group net sales and operating margin forecast raised to % growth for

18 Technopolis Vision 2012 Operating in all leading Finnish innovation hot spots, plus Russia and 2-3 other international markets Most attractive and competitive STP chain in Europe 15% average growth per annum Continue robust, controlled growth 18

19 Technopolis Road to Global Growth The Challenges: The threat of recession Group-wide integration The need for scale Technopolis international growth International owners & customers Our Response: Back to basics efficiency & productivity Fully integrated operations Standardization, integration, localization Rules, tools & people A new kind of Technopolis culture 19

20 Thank You! 20