Deutsche Konsum Real Estate Ag · XETR:DKG
Deutsche Konsum Real Estate — Deutsche Konsum REIT-AG — H1 2024/2025 Earnings Presentation
23 slides from Deutsche Konsum Real Estate's earnings presentation, May 15, 2025
Slide 1: H1 2024/2025 Financial Results
1 H1 2024/2025 FINANCIAL RESULTS 1 October 2024 – 31 March 2025 15 May 2025 H1 2024/2025 financial results | Deutsche Konsum REIT-AG
Slide 2: Disclaimer
Disclaimer 2 The material in this presentation has been prepared by Deutsche Konsum REIT-AG (“DKR”) and is a general background information about DKR’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information i
Slide 3: Highlights
3 HIGHLIGHTS H1 2024/2025 financial results | Deutsche Konsum REIT-AG
Slide 4: Highlights H1 2024/2025
HIGHLIGHTS H1 2024/2025 4 Highlights and results Stable rents in existing portfolio (H1 2024/2025 vs. H1 2023/2024) ➢ Rental income decreased by 4.4 MEUR to 35.4 MEUR (down 11%) – due to assets sales ➢ FFO decreased by 8.4 MEUR to 8.0 MEUR, mainly du to asset sales and higher interest rates Debt red
Slide 5: Highlights H1 2024/2025: Restructuring Plan
5 HIGHLIGHTS H1 2024/2025 Restructuring Plan Current status and next steps ➢ FTI-Andersch engaged for preparation of a formal Restructuring Opinion in accordance with the standard IDW S6 of the German Association of Certified Accountants, expected completion by the end of August 2025 ➢ Entered into
Slide 6: Financial Key Figures
FINANCIAL KEY FIGURES 6 Business development Rental income FFO FFO per share (k EUR) (k EUR) (EUR) 16,480 0.47 39,835 35,437 8,039 0.20 H1 2023/2024 H1 2024/2025 H1 2023/2024 H1 2024/2025 H1 2023/2024 H1 2024/2025 LTV Investment properties EPRA NTA per share (fully diluted) (%) (k EUR) (EUR) 11.27 6
Slide 7: Property Portfolio
7 PROPERTY PORTFOLIO H1 2024/2025 financial results | Deutsche Konsum REIT-AG
Slide 8: Property Portfolio
PROPERTY PORTFOLIO 8 Property portfolio consists of 163 properties with approx. 985,130 sqm >> Portfolio development: 30/09/2023 30/09/2024 31/03/2025 Schleswig- Mecklenburg- Holstein Pommerania Number of properties 184 167 163 Rental space (ksqm) 1,083 994 985 Lower Total fair value (MEUR) 996.9 88
Slide 9: Property Portfolio: Annualized Rent, Vacancy, WALT
PROPERTY PORTFOLIO 9 Slight increase in annualized rent despite sales; vacancy negatively effected by the insolvency of warehouse group “real” and property sales Annualized rent (m EUR) Vacancy (%) 79.2 72.9 73.2 14.9 69.7 70.4 14.0 11.7 11.7 10.7 30.09.2021 30.09.2022 30.09.2023 30.09.2024 31.03.20
Slide 10: Tenant Structure
TENANT STRUCTURE 10 66% Rent contribution from non-cyclical tenants (78% including DIY) >> Rent contribution by tenant classification (m EUR)1: >> Rent contribution by major tenants1 : Non- Rent WALT Tenant group Brands Other cyclical cyclical (m EUR) in years uses rents Edeka Group 7.4 4.6 Schwarz
Slide 11: Tenant Structure: Number of Lease Contracts
TENANT STRUCTURE 11 DKR has strong tenant partnerships >> Number of leases with the same tenant group1: No. of lease contracts 1 Based on current portfolio (163 properties) ➢ Multiple leases with the same tenant strengthens DKRs position towards the tenants (EDEKA Group - 53, H.H. Group - 33, Rewe G
Slide 12: Financing
12 FINANCING H1 2024/2025 financial results | Deutsche Konsum REIT-AG
Slide 13: Financing
13 FINANCING Debt structure Loan allocation according to maturity of fixed interest rates (MEUR, outstanding debt as of 31/03/2025) (MEUR) 200 Registered bonds 2024/2025 40.0 150 Conver-tible bond III 45.9 100 10.0 20.0 Promissory notes 16.5 Corporate bond 2021/2031 50 92.6 20.0 84.4 1.0 30.0 44.8 1
Slide 14: Financials H1 2024/2025
14 FINANCIALS H1 2024/2025 H1 2024/2025 financial results | Deutsche Konsum REIT-AG
Slide 15: Condensed IFRS Balance Sheet
FINANCIALS H1 2024/2025 15 Condensed IFRS balance sheet k EUR 31/03/2025 30/09/2024 k EUR 31/03/2025 30/09/2024 Purchase of Assets Equity and liabilities Weißwasser, Investment properties Subscribed capital 43,351.1 35,155.9 825,593.3 860,963,5 capitalization of Bond conversion Capex, reclass to Tan
Slide 16: LTV and NAV / EPRA NTA
FINANCIALS H1 2024/2025 16 LTV and NAV / EPRA NTA >> LTV (loan-to-value): >> NAV / EPRA NTA per share: k EUR 31/03/2024 30/09/2024 EPRA NAV Conversion EPRA NTA (undiluted) effects of (diluted) k EUR Bank loans 326,808.3 370,624.4 convertible 31/03/2025 bonds 31/03/2025 Convertible bonds 10,170.1 46,
Slide 17: Condensed IFRS Income Statement
FINANCIALS H1 2024/2025 17 Condensed IFRS income statement Split of net operating costs: H1 H1 k EUR % 2024/2025 2023/2024 thereof H1 H1 (k EUR) 2024/2025 2023/2024 Rental income 35,437.0 39,835.1 -11.0 Portfolio reduction of 4 assets Non-recs -5,852 -6,294 Income from recharged operating costs 8,68
Slide 18: FFO Reconciliation
FINANCIALS H1 2024/2025 18 FFO reconciliation >> FFO/aFFO: H1 H1 % k EUR 2024/2025 2024/2025 Total period income 1,032.7 11,021.5 -90.6 +/- Income taxes 1,895.3 2,284.2 -17.0 Deferred taxes for 4 sales + Depreciation of other assets 56.8 62.7 -9.5 Net result from property disposal -1.8 18.3 >100 Hig
Slide 19: Headline Earnings per Share (HEPS) Reconciliation
FINANCIALS H1 2024/2025 19 Headline Earnings per share (HEPS) reconciliation according to JSE rules >> HEPS: H11 H1 % k EUR 2024/2025 2023/2024 Total period income (undiluted) 1,032.7 11,021.5 -90.6 -/+ Revaluation gains / losses, IAS 40 0.0 0.0 0.0 -/+ Revaluation gains / losses, IFRS 5 -1.8 18.3 >
Slide 20: Share Information
20 Share information H1 2024/2025 financial results | Deutsche Konsum REIT-AG
Slide 21: Share Information
SHARE INFORMATION 21 >> Basic Share Information >> Shareholder Structure As at 13/05/2025 Paladin Asset Management / Versorgungsansta Marcel Maschmeyer ISIN DE000A14KRD3 lt des Bundes und 5.51% der Länder AöR Share price (Xetra, 13 May 2025) EUR 2.94 12.85% Symbol DKG Shares outstanding 43,351,091 Z
Slide 22: Financial Calendar and IR Contact
22 Financial calendar and IR contact H1 2024/2025 financial results | Deutsche Konsum REIT-AG
Slide 23: Financial Calendar and IR Contact
FINANCIAL CALENDAR AND IR CONTACT 23 >> Financial calendar >> Conferences Date Date 15/05/2025 Publication of the half-yearly financial 26/11/2025 Deutsches Eigenkapitalforum, report of 2024/2025 financial year Frankfurt am Main 14/08/2025 Publication of the quarterly statement for the third quarter
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