Ca Immobilien Anlagen Ag · VIE:CAI

Ca Immobilien Anlagen — Q1 2016 Earnings Presentation

21 slides from Ca Immobilien Anlagen's earnings presentation, May 24, 2016

  1. Slide 1: 1Q 2016 Results Analyst and Investor Update

    1Q 2016 RESULTS ANALYST AND INVESTOR UPDATE May 24, 2016

  2. Slide 2: Profit and Loss

    Profit and Loss Solid Start into Financial Year 2016 €m 1Q 2016 1Q 2015 yoy  Top line increase driven by EBRD buy-out and resulting full Rental income 40.2 34.7 15.7% consolidation of E-portfolio, fully effective as of July 1, 2015 Net rental income (NRI) 35.3 31.2 13.1% Result from hotel operation

  3. Slide 3: Funds from Operations (FFO)

    Funds from Operations (FFO) FFO I per Share € 0.22 €m 1Q 2016 1Q 2015 yoy Net rental income (NRI) 35.3 31.2 13.1%  Top line increase driven by EBRD buy-out and resulting full consolidation of E-portfolio, fully effective as of July 1, 2015 Result from hotel operations 0.0 0.0 n.m. Income from servi

  4. Slide 4: Balance Sheet

    Balance Sheet Debt Ratios Stable Within Strategic Target Range €m 31.03.2016 31.12.2015 +/- Investment properties 2,743.3 2,714.3 1.1% Properties under development 411.0 409.0 0.5% Hotel and own-used properties 6.9 7.0 -1.5% Other long-term assets 16.7 17.3 -3.1% Investments in joint ventures 167.8

  5. Slide 5: Net Asset Value (NAV)

    Net Asset Value (NAV) EPRA NAV per Share € 24.61 € m (diluted = undiluted) 31.03.2016 31.12.2015 NAV PER SHARE (QOQ) NAV PER SHARE (YOY) 22.2 1.0% 22.5 10.2% NAV (IFRS equity) 2,119.7 2,120.5 22.1 22.0 Exercise of options 0.0 0.0 22.1 21.5 NAV after exercise of options 2,119.7 2,120.5 22.0 21.0 NAV

  6. Slide 6: Financing: Debt Profile

    Financing Debt Profile FINANCING STRUCTURE DEBT MATURITY PROFILE 800  Average debt maturity 4.1 years (1Q 2015: 3.8 years) 700 665  Unsecured debt 600 94 520 Corporate bond 2006-2016 due in  Corporate bond 2006-2016 (€ 186 m, 5.125%) 500 48 September 2016 (€ 186 m, 5.125%)  Corporate bond 2015-2

  7. Slide 7: Financing: Weighted Average Cost of Debt and Maturities

    Financing Weighted Average Cost of Debt and Maturities* Outstanding debt Nominal  Cost of debt  Cost of debt  Debt  Swap €m nominal value value swaps excl. derivatives incl. derivatives maturity maturity Austria 159.3 35.7 2.4% 2.6% 6.1 8.0 Germany 372.4 94.8 2.0% 2.4% 5.7 2.5 Czech Republic 121

  8. Slide 8: Financing: Average Cost of Funding at 2.9%

    Financing Average Cost of Funding at 2.9% FINANCING STRUCTURE OPTIMIZATION AVERAGE COST OF DEBT 5.5%  Cost of debt 5.0%  Average financing costs significantly reduced 4.5% during the last 18 months  major recurring 4.0% profitability driver over last two years 3.5% 3.0%  Interest rate hedging st

  9. Slide 9: Property Portfolio (€ 3.6 bn)

    Property Portfolio (€ 3.6 bn)* Germany Accounts for  44% of Portfolio Value PORTFOLIO STRUCTURE PORTFOLIO SPLIT BY REGION AND COUNTRY (€ M)  Total property asset base of € 3.6 bn  Germany remains largest single core market 7% Austria 612 17% 7%  Income- producing investment portfolio of 17% Germ

  10. Slide 10: Investment Portfolio (€ 3.0 bn)

    Investment Portfolio (€ 3.0 bn) High-quality Asset Base in Key Economic Centres of Central Europe KEY METRICS* 31.03.2016 31.12.2015 STRATEGIC CORE MARKETS Gross initial yield 6.4% 6.5% Austria 5.6% 5.7% Germany 5.2% 5.3% CEE 7.5% 7.6% Occupancy 92.2% 92.7% Austria 95.1% 96.5% Germany 94.0% 93.8% CE

  11. Slide 11: Investment Portfolio: Portfolio Metrics

    Investment Portfolio (€ 3.0 bn) Portfolio Metrics GROSS INITIAL YIELDS* WEIGHTED AVERAGE LEASE TERM (WALT) IN YEARS BY COUNTRY 9.0% 8.1% 9.0 7.7% 7.6% 7.5% 8.0% 8.0 6.8% 7.0% 6.4% 7.0 6.0% 5.6% 6.0 5.2% 5.0% 5.0 4.0% 4.0 3.0% 3.0 2.0% 2.0 1.0% 1.0 8.0 4.5 3.7 2.7 2.6 2.2 1.9 4.4 0.0% 0.0 Romania Oth

  12. Slide 12: Property Portfolio: Income-producing Investment Portfolio accounts for 85%

    Property Portfolio (€ 3.6 bn) Income-producing Investment Portfolio accounts for  85% Investment Short-term property €m Investment properties* properties under Total property assets Property assets in % assets** development FO AE  FO AE  FO AE  FO AE  FO AE  Austria 587.8 0.0 587.8 16.2 0.0 16

  13. Slide 13: Investment Portfolio (€ 2.8 bn): Portfolio Metrics

    Investment Portfolio (€ 2.8 bn)* Portfolio Metrics Annualized rental Fair value property assets Rentable area Occupancy rate Gross initial yield income in € m in sqm in % in % in € m FO AE  FO AE  FO AE  FO AE  FO AE  Austria 583.3 0.0 583.3 411,387 0 411,387 95.1 0.0 95.1 32.6 0.0 32.6 5.6 0.0

  14. Slide 14: Development: High-quality Development Pipeline (1)

    Development High-quality Development Pipeline Major Growth Driver (1) Planned Investment Oustanding Gross yield Main Pre-letting Construction INVESTMENT PORTFOLIO rentable Share volume* investment on cost usage ratio phase area KPMG, Berlin 56 44 12,700 5.8% Office 100% 100% 3Q 15 – 4Q 17 Mannheimer

  15. Slide 15: Development: High-quality Development Pipeline (2)

    Development High-quality Development Pipeline Major Growth Driver (2) Planned Investment Outstanding Main Construction TRADING PORTFOLIO* rentable Share Status volume** investment usage phase area Sales contract for  70% of building Rieck I, Berlin 35 9,500 Office 100% 1H 17 – 2H 19 signed 95% of s

  16. Slide 16: Development: Projects Under Construction

    Development Projects Under Construction KPMG, BERLIN MANNHEIMER STRASSE, FRANKFURT* ORHIDEEA TOWERS, BUCHAREST  Main usage office  Main usage hotel  Main usage office  Total investment volume (incl. plot) € 56 m  Total investment volume (incl. plot) € 54 m  Total investment volume (incl. plot)

  17. Slide 17: Austria/Vienna: Laende Urban City Quarter Development

    Development Austria/Vienna: Laende 3 - Urban City Quarter Development Laende 3 city quarter LAENDE 3, VIENNA  Nord 1: Office „VIE“ (planned completion 2Q 2018)  Office addition to Austrian investment portfolio  Investment volume c. € 38 m  Nord 2: Residential (planned completion 4Q 2017)  JV wi

  18. Slide 18: Development: Projects in Preparation Stage

    Development Projects in Preparation Stage RIECK 1, BERLIN MY.O, MUNICH ZIG ZAG, MAINZ  Main usage office  Main usage office  Main usage office  Total investment volume (incl. plot) € 35 m  Total investment volume (incl. plot) € 96 m  Total investment volume (incl. plot) € 16 m  Planned lettab

  19. Slide 19: Development: Tower 1, Frankfurt

    Development Projects in Preparation Stage TOWER 1, FRANKFURT  Mixed use hotel/office high-rise  Height  180 m   80.000 sqm gross floor area  Plot neighboring Tower 185 (Europaviertel)  Development envisaged in joint venture All figures (€ m) as at 31 March 2016, unless otherwise stated 19

  20. Slide 20: Development: Kubus, Berlin

    Development Projects in Preparation Stage KUBUS, BERLIN  Prime office property development  Outstanding location between Central Station and German Chancellery   19.500 sqm gross floor area All figures (€ m) as at 31 March 2016, unless otherwise stated 20

  21. Slide 21: Investor Relations Contact Details

    Investor Relations Contact Details Christoph Thurnberger Claudia Höbart Head of Capital Markets Investor Relations / Capital Markets Tel.: +43 (1) 532 59 07 504 Tel.: +43 (1) 532 59 07 502 E-Mail: christoph.thurnberger@caimmo.com E-Mail: claudia.hoebart@caimmo.com www.caimmo.com/investor_relations/

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