Hektar Real Estate Investment Trust · MYX:HEKTAR
Hektar Real Estate Investment Trust — Q2 2017 Earnings Presentation
16 slides from Hektar Real Estate Investment Trust's earnings presentation, Aug 8, 2017
Slide 1: Second Quarter 2017 Financial Results Presentation
SECOND QUARTER 2017 FINANCIAL RESULTS PRESENTATION 8 AUGUST 2017 HEKTAR ASSET MANAGEMENT SDN BHD
Slide 2: Disclaimer / About Hektar
PRIVATE & CONFIDENTIAL 2 Disclaimer The material that follows is a presentation of general background information about the activities of the Hektar REIT (including Hektar REIT’s any other affiliates) as at the date of this Presentation. The information contained herein is given in summary form sole
Slide 3: Financial Summary
PRIVATE & CONFIDENTIAL 3 Financial Summary Second Quarter FY 2017 1 Apr 2017 – 30 Jun 2017 Commentary ▪ Special Distribution Per Unit: 4.0 sen ▪ Realised Net Income for the period down 0.6% due to lower revenue and increased cost ▪ Retail business in Malaysia continues to remain a challenge in 2017,
Slide 4: Distribution Details
PRIVATE & CONFIDENTIAL 4 Distribution Details Special Distribution declared with the upcoming completion of 1Segamat acquisition and Rights Issue Current Distribution Details Hektar REIT Second Quarter 2017 Distribution Policy Barring unforeseen circumstances, Hektar ▪ Distribution Period: 1 Apr 201
Slide 5: Comparative Yields - Malaysia
PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Distribution Yield at approximately 6.9% ▪ Traded at a 305 bps spread over MGS 10-year ▪ Unit Price decreased by 12.8% since beginning of the year Hektar REIT Unit Price Change Hektar REIT Comparative Yields 2Q 2017 (6 months) Unit P
Slide 6: Portfolio Performance
PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~94.8% ► Rental Reversions -7.3% for 2Q17 ► Tenancy Expiry Profile ► 42% of Portfolio Tenancy Rental Income Expiries in 2017 ►
Slide 7: Hektar REIT Portfolio - Occupancy
PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~94.8% Wetex Parade maintains full occupancy Hektar REIT Portfolio Occupancy As at As at As at As at As at As at As at As at As at As at As at As at As at As at As at 31 Dec 31 Dec 30 Sep 31 Dec 31 Dec 31 Dec 3
Slide 8: Rental Reversions -7% for 2Q 2017
PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions -7% for 2Q 2017 ▪ Positive reversion recorded at Wetex Parade; ▪ Flattish reversion at Central Square and Landmark Central. Subang Parade : Hektar REIT Rental Reversions: Quarter 1) Lower rent provided to Hazara Sec
Slide 9: Hektar REIT Portfolio – Tenancy Expiry Profile
PRIVATE & CONFIDENTIAL 9 Hektar REIT Portfolio – Tenancy Expiry Profile Hektar REIT Tenancy Expiry Profile by Property as at 30 June 2017 No. of NLA of Tenancies NLA of Tenancies % of Total Subang Parade For Year Ending Tenancies Expiring Expiring as % of Monthly Rental 34% 39% 40% 32% 31 December E
Slide 10: Tenancy Portfolio Expiry Profile 2017 – 2019
PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2017 – 2019 ▪ FY2017 - 155 tenancy expiries account for approximately 42% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 30 June 2017 Portfolio No. of NLA
Slide 11: Financial Results
PRIVATE & CONFIDENTIAL 11 Financial Results 2Q2017 Gross Revenue down 0.5%; NPI down 4.5% from preceding year ► 2Q2017 Net Income up 0.7% from preceding year ►
Slide 12: Income Statement – Quarter Comparative
PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 2Q2017 Net Income down 10.1% vs corresponding quarter 2Q2016 Income Statement 2Q17 2Q16 Variance Second Quarter 2017 (Unaudited) (RM '000) (RM '000) (%) Revenue 30,787 30,941 - 0.5% Direct Cost & Property Expenses (12,746) (12,051) + 5
Slide 13: Income Statement – Year-To-Date Comparative
PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative For Period 1 January – 30 June 2017 (versus previous comparable period) Income Statement 1H17 1H16 Variance Year-To-Date (Unaudited) (RM '000) (RM '000) (%) Revenue 61,644 62,544 - 1.4% Direct Cost & Property Expenses (25,915) (24
Slide 14: Balance Sheet
PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 2Q 2017 Balance Sheet As at 30.06.2017 As at 31.12.2016 Unit Price Statistics (Unaudited) (RM '000) (RM '000) As at 30 June 2017 Non-Current Assets Investment Properties 1,092,450 1,092,450 Plant & Equipment 33 No. of Units Outs
Slide 15: Debt Profile
PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for 2Q 2017 Debt Expiry Profile As at 30 June 2017 Debt Information 600 As at 30 June 2017 550 500 ▪ Total Debt: RM million RM508 million 450 400 ▪ Weighted Cost of Debt: 4.6% 350 300 ▪ Gearing Ratio1: 45.2% 250 200 150 ▪ Interest Cover2: 2.81 100
Slide 16: Contact
PRIVATE & CONFIDENTIAL 16 Contact “Creating The Places Where People Love To Shop” Investor Relations Hektar Asset Management Sdn Bhd D1-U3-10, Solaris Dutamas No1, Jalan Dutamas 1 50480 Kuala Lumpur MALAYSIA Tel: +6 03 6205 5570 Fax: +6 03 6205 5571 Web: www.HektarREIT.com Please visit our webs
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