Deutsche Euroshop Ag · XETR:DEQ

Deutsche Euroshop — 9M 2011 Earnings Presentation

17 slides from Deutsche Euroshop's earnings presentation, Nov 10, 2011

  1. Slide 1: Conference Call | Nine-Month Report 2011

    9M 2011 feelestate.de CONFERENCE CALL | NINE-MONTH REPORT 2011 10 November 2011

  2. Slide 2: Highlights 9M 2011

    Financials Highlights 9M 2011  January: Increase of the shareholding in Stadt-Galerie Hameln to 100%  March: Opening of the Extension of the Altmarkt-Galerie Dresden A10 Center Wildau  April: Opening of the A10 Triangle  July: Increase of the shareholding in City-Galerie Wolfsburg to 100% City-G

  3. Slide 3: Highlights: Acquisition of the Allee-Center Magdeburg

    Financials Highlights: Acquisition of the Allee-Center Magdeburg  approx. 51,400 sqm lettable space, thereof 35,000 sqm retail space, 150 shops  occupancy rate: 99%  catchment area: approx. 0.7 million people  approx. €118 million total investment volume  Deutsche EuroShop buys 50% (share deal)

  4. Slide 4: Highlights: Before Maturity Loan Renewals

    Financials Highlights: Before Maturity Loan Renewals  DES achieved before maturity renewals of loans and new loans with a total volume of approx. €797 million with the banks in the period August 2009/2011  The vast majority of these new contracts were agreed in 2011 and thus DES benefited from the

  5. Slide 5: Key Figures

    Financials Key Figures € million 01.01.-30.09.2011 01.01.-30.09.2010 +/- Consolidated profit 40.0 38.3 4% FFO per share (€) 1,12 1,02 10% Earnings per share (€) 0,78 0,84 -7% € million 30.09.2011 31.12.2010* +/- Total equity 1,399.5 1,435.9 -3% Interest bearing debt 1,372.8 1,288.2 7% Other debt 61.

  6. Slide 6: Balance Sheet / Adjustment 2010

    Financials Balance Sheet / Adjustment 2010 in € thousand 31.12.2010 31.12.2010 reported adjustment adjusted Non-current assets 2,729,340 2,729,340 Current assets 234,236 234,236 Total assets 2,963,576 2,963,576 Group equity 1,249,652 -91,483 1,158,169 Non controlling interests 277,780 277,780 Total

  7. Slide 7: Balance Sheet

    Financials Balance Sheet in € thousand 30.09.2011 31.12.2010* +/- Non-current assets 2,941,037 2,729,340 211,697 Current assets 95,054 234,236 -139,182 Total assets 3,036,091 2,963,576 72,515 Group equity 1,128,729 1,158,169 -29,440 Non controlling interests 270,744 277,780 -7,036 Total equity 1,399

  8. Slide 8: Profit and Loss Account

    Financials Profit and Loss Account 01.01.- 01.01.- in € thousand 30.09.2011 30.09.2010 +/- Revenue 137,984 106,609 29% Property operating and management costs -14,952 -11,746 Net operating income 123,032 94,863 30% Other operating income 242 675 Corporate costs -5,340 -4,039 EBIT 117,934 91,499 29%

  9. Slide 9: Revenue Bridge 9M 2011

    Financials Revenue Bridge 9M 2011 +0.9 = +1.1% 138.0 € million +30.5 106.6 9M 2010 Dresden, MTZ, Increase in rents 9M 2011 Phoenix, Billstedt, A10 Conference Call | 9M 2011 Results page 9

  10. Slide 10: Net Finance Cost Bridge 9M 2011

    Financials Net Finance Cost Bridge 9M 2011 Dresden, MTZ, Income from A10, Phoenix, Interest Minority 9M 2010 investments Billstedt expenses l-f-l profitshare 9M 2011 -44.6 -1.1 -8.8 +0.9 -5.3 -58,9 € million Conference Call | 9M 2011 Results page 10

  11. Slide 11: EBT Bridge 9M 2011

    Financials EBT Bridge 9M 2011 +12.1 = +26% 57.8 € million 46.3 -0.6 9M 2010 Valuation result Increase 9M 2011 Conference Call | 9M 2011 Results page 11

  12. Slide 12: Profit Bridge 9M 2011

    Financials Profit Bridge 9M 2011 € million +2.4 =+6% 40.0 38.3 -0.7 9M 2010 Valuation Increase 9M 2011 Conference Call | 9M 2011 Results page 12

  13. Slide 13: Forecast

    Financials Forecast € million 220 188-190 198-202 200 Revenue 180 160 144.2 140 127.6 120 115.3 100 92.9 95.8 CAGR 80 +3% +20% +11% +13% +31% +6% +15% 60 40 1) 169-173 190 170 EBIT 160-163 150 130 124.0 110.7 110 98.1 CAGR 90 73.6 77.2 70 +5% +27% +13% +12% +30% +17% 50 +6% 30 +28% 95 1) 84-87 85 EB

  14. Slide 14: Outlook

    Financials Outlook  Currently working on a long-term solution to reduce the trade tax burden  No change in strategy  17 November: Opening of Main-Taunus-Zentrum’s “North Extension”  besides smaller investments currently no further acquisitions in the pipeline Conference Call | 9M 2011 Results pa

  15. Slide 15: Appendix: Key Data of the Share

    Financials Appendix: Key Data of the Share Listed since 02.01.2001 Nominal capital €51,631,400.00 Outstanding shares 51,631,400 Class of shares Registered shares Dividend 2010 (17.06.2011) €1.10 52W High €29.18 52W Low €22.05 Share price (08.11.2011) €26.28 Market capitalisation €1.4 billion avg. tu

  16. Slide 16: Financial Calendar

    Financials Financial Calendar 2011 2012 10.11. Nine-month report 2011 09.03. Preliminary Results FY2011 14.11. Roadshow Paris, Aurel 15.- Kempen & Co. Property Seminar, 16.03. New York 16.- WestLB Deutschland Conference, 26.- Bankhaus Lampe Deutschland- 17.11. Frankfurt 27.04. Konferenz, Baden-Baden

  17. Slide 17: Contact

    Financials Contact Deutsche EuroShop AG Investor & Public Relations Oderfelder Straße 23 20149 Hamburg Tel. +49 (40) 41 35 79 - 20 / -22 Fax +49 (40) 41 35 79 - 29 Claus-Matthias Böge E-Mail: ir@deutsche-euroshop.com Chief Executive Officer Web: www.deutsche-euroshop.com ir-mall.com facebook.com/eur

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