Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q3 2012 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, Nov 20, 2012

  1. Slide 1: Third Quarter 2012 Financial Results Presentation

    THIRD QUARTER 2012 FINANCIAL RESULTS PRESENTATION 20 NOVEMBER 2012 HEKTAR ASSET MANAGEMENT SDN BHD

  2. 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 Group (including Hektar REIT and any other affiliates) as at the date of this Presentation. The information contained herein is given in summary form s

  3. Slide 3: Financial Summary Third Quarter FY 2012

    PRIVATE & CONFIDENTIAL 3 Financial Summary Third Quarter FY 2012 1 July 2012 – 30 September 2012 Commentary  3Q2012 Interim Dividend Per Unit: 2.6 sen  Five Years Track Record of Positive Results Operational & Financial Performance (Third Quarter) Dividend Distribution  Portfolio Occupancy: ~ 97.

  4. Slide 4: Hektar REIT Annual DPU Positive Growth Since IPO

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Positive Growth Since IPO Current Dividend Distribution Details Third Quarter 2012  Distribution Period: 1 July – 30 Sept 2012  Quarterly DPU: 2.6 sen  Notice of Entitlement: 10 September 2012  Ex-Dividend Date: 26 September 20

  5. Slide 5: Hektar REIT Dividend Yield at approximately 7.4%

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Dividend Yield at approximately 7.4%  Traded at a 400 bps spread over MGS 10-year Hektar REIT Unit Price Change Hektar REIT Comparative Yields FY2012 (9 months) Unit Price RM 1.40 28 Sep12 8% 7.4% 1.5 1.45 7% 1.4 6.00% 6% 1.35 410 b

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~97.8% ► Rental Reversions +8.7% for 3Q12 ► Tenancy Expiry Profile ► 27% of Portfolio Tenancy Rental Income Expires in 2013 ► Portfolio Tenancy Provisions ►

  7. Slide 7: Overall Portfolio Occupancy at ~97.8%

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~97.8% 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 31 Dec 31 Dec 30 Sep 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Mar 30 Jun 30 Sep Property 2004 2005 2006 2007

  8. Slide 8: Hektar REIT Portfolio – Rental Reversions

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions +8% for the year  3Q 12: 25 new tenancies / renewals at 9% reversion rate  Mahkota Parade recorded a negative reversion due to a new tenancy signed at -39% for a protracted vacant lot. Excluding the effect of this

  9. Slide 9: Hektar REIT Portfolio – Tenancy Expiry Profile by Property

    PRIVATE & CONFIDENTIAL 9 Hektar REIT Portfolio – Tenancy Expiry Profile Hektar REIT Tenancy Expiry Profile by Property Hektar REIT Tenancy Expiry Profile by Property As at 30 Sept 2012 Subang Parade No. of NLA of Tenancies NLA of Tenancies % of Total 42% 37% For Year Ending Tenancies Expiring Expiri

  10. Slide 10: Tenancy Portfolio Expiry Profile 2012 – 2015

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2012 – 2015  FY2012 - 33 tenancy expiries account for approximately 8% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 30 September 2012 Portfolio No. of

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results 3Q2012 Net Income (Realised) up 3.4% from previous period ► Hektar REIT Average Cost of Debt at 4.6% ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 3Q2012 Net Income up 3.4% vs corresponding quarter 3Q2011 Income Statement 3Q12 3Q11 Variance Third Quarter 2012 (Unaudited) (RM '000) (RM '000) (%) Revenue 25,409 24,028 + 5.7% Direct Cost & Property Expenses (9,492) (9,406) + 0.9% Ne

  13. Slide 13: Income Statement – Year-To-Date Comparative

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative FY2012 Net income per unit maintained with FY2011 For Period 1 January – 30 Sept 2012 (versus previous comparable period) Income Statement FY12 FY11 Variance Year-To-Date 3Q12 (Unaudited) (RM '000) (RM '000) (%) Revenue 74,174 70,

  14. Slide 14: Hektar REIT's Balance Sheet for 3Q2012

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 3Q2012 Unit Price Statistics Balance As at 30 Sep 2012 Sheet As at 30.09.2012 As at 31.12.2011 No. of Units Outstanding (Unaudited) (RM '000) (RM '000) 320,001,000 Non-Current Assets Investment Properties 822,000 822,000 Net Ass

  15. Slide 15: Debt Profile

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for 3Q 2012 Debt Expiry Profile As at 30 Sep 2012 Debt Information 500 450 As at 30 Sep 2012 400 RM million 350 300  Total Debt: RM394.1 million 250  Weighted Cost of Debt: 4.6% 200 150  Gearing Ratio1: 43.8% 100 50  Interest Cover2: 3.52 0 FY

  16. 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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