Hektar Real Estate Investment Trust · MYX:HEKTAR
Hektar Real Estate Investment Trust — Q1 2022 Earnings Presentation
21 slides from Hektar Real Estate Investment Trust's earnings presentation, May 23, 2022
Slide 1: Hektar REIT 1Q 2022 Results Presentation
Creating The Places People Love HEKTAR REAL ESTATE INVESTMENT TRUST 1Q 2022 RESULTS PRESENTATION 23 May 2022
Slide 2: Hektar REIT: Malaysia's First Retail-Focused REIT
Hektar REIT: Malaysia’s First Retail-Focused REIT 2 ORGANISATION DIVERSIFICATION STRATEGIC PARTNER UNITHOLDERS Frasers Centrepoint Strategic Partner MANAGER TRUSTEE Hektar Asset MTrustee Bhd Management Sdn Bhd PROPERTY MANAGER HEKTAR PORTFOLIO Hektar Property Services Sdn Bhd DISCLAIMER: The materia
Slide 3: Table of Contents
Table of Contents 3 01 Performance Summary 02 Portfolio Performance 03 Financial Results 04 Portfolio Updates 05 Corporate Development 06 Sustainability
Slide 4: Performance Summary
Performance Summary 4 First Quarter 2022 (1Q22): FINANCIAL PERFORMANCE January-March 2022 | 3 Months Gross Revenue for 1Q22 was higher than the preceding year by 9% or RM2.3 million due to improved tenancy income, turnover rent, casual RM '000 ▲ 8.7% leasing, car park, and hotel income. The higher t
Slide 5: Portfolio Performance
5 Portfolio Performance Overall Occupancy at ~84.8% ► Rental Reversions at -17.4%► 31.6% of NLA expires in 2022 ► Wetex Parade and Classic Hotel, Muar, Johor
Slide 6: Average Portfolio Occupancy was stable at 84.8%
Average Portfolio Occupancy was stable at 84.8% 6 87.7% 85.6% 84.9% 84.8% 84.6% Occupancy (%) 1Q21 2Q21 3Q21 4Q21 1Q22 Subang Parade 85.1% 84.4% 85.0% 82.5% 82.2% Mahkota Parade 89.1% 86.1% 85.7% 87.1% 85.7% Wetex Parade 93.7% 91.0% 89.8% 89.9% 88.7% Central Square 87.7% 76.0% 83.6% 85.9% 86.7% Kuli
Slide 7: First Quarter Rental Reversions at -17.4%
First Quarter Rental Reversions at -17.4% 7 • 41 new/renewed tenancies consisting of 6.8% of total NLA for the quarter ended 31 March 2022. • Portfolio reversions were negative due to negative reversions at all malls except for Kulim Central. • Given the dynamic and challenging environment, Manageme
Slide 8: A total of 262 tenancies are expiring in FY2022
A total of 262 tenancies are expiring in FY2022 8 • Represents 645,212 sq. ft. or about 31.6% of total NLA. • Overall, a total of 41 tenancies covering 138,429 sq. ft. have been renewed as at 31 March 2022, representing 6.8% of total NLA. PORTFOLIO TENANCY EXPIRY PROFILE 2022-2025 2 % of Total NLA %
Slide 9: Financial Results
Financial Results 1Q22 Revenue higher by 8.7% ► 1Q22 Net Property Income higher by 17.9% ► 1Q22 Realised Net Income higher by 110.8% ► 97% of Debt expires in 2024-2026 ► Customer Service Counter @ Mahkota Parade, Melaka
Slide 10: Income Statement: Quarter Comparative
Income Statement: Quarter Comparative 10 First Quarter 2022 (Unaudited) 1Q22 1Q21 Variance RM '000 RM '000 % Revenue1 29,116 26,781 8.7% Direct cost & Property expenses2 (12,492) (12,683) 1.5% Net property income (NPI) 16,624 14,098 17.9% Interest & Other income 1,622 159 919.3% Trust fees & Expense
Slide 11: Balance Sheet
Balance Sheet 11 As at As at (Unaudited) 31.03.2022 31.12.2021 (RM '000) (RM '000) UNIT PRICE STATISTICS as at 31 March 2022 Non-Current Assets Investment properties 1,164,500 1,164,500 Plant & Equipment 62 68 No. of Units 471,260,178 Capital work In progress 93 63 Fixed deposits with a licensed ban
Slide 12: 97% of debt is due in 2024-2026
97% of debt is due in 2024-2026 12 TF, 8.6% DEBT SUMMARY March 2022 STRC, 2.6% § Al-Murabahah Overdraft (MOD) § Term Financing (TF) Facilities § Short-Term Revolving Credit (STRC) MOD Financiers Maybank, CIMB STRC MOD, 88.8% TF Total Debt RM581.1 million EXPIRY PROFILE 2022-2026 RM million 83.7% Cos
Slide 13: Comparative 3-Months Price Performance Trend
Comparative 3-Months Price Performance Trend 13 6.00% 4.00% 2.00% FBM KLCI 0.00% REIT Index -2.00% Hektar REIT -4.00% -6.00% -8.00% Jan'22 Feb'22 Mar'22 PERFORMANCE STATISTICS TOTAL RETURN Opening Unit Price (3 Jan 2022) : RM0.485 Unit Price Change1 : 4.12% Closing Unit Price (31 Mar 2022) : RM0.505
Slide 14: Portfolio Updates
14 Portfolio Updates GSC @ Central Square, Sungai Petani, Kedah
Slide 15: Refreshed retail offerings at Hektar Malls
Refreshed retail offerings at Hektar Malls 15 Switch, Kulim Central GSC, Central Square KS Mart Signature, Segamat Central Mi Store, Segamat Central Siam Restaurant, Segamat Central GSC, Subang Parade V2 Opticare, Central Square GSC, Kulim Central
Slide 16: Corporate Development
16 Corporate Development Mahkota Parade, Melaka
Slide 17: Hektar REIT's fund size increased to 471,260,178 units
Hektar REIT’s fund size increased to 471,260,178 units 17 DETAILS OF CORPORATE PROPOSAL Involve issuance of new type/class of securities? No Types of corporate proposal Private Proposal Private placement of up to 23,098,000 new units in Hektar Details of corporate proposal REIT, representing up to 5
Slide 18: Sustainability
Sustainability Subang Parade, Subang Jaya, Selangor
Slide 19: Environmental
Environmental 19 ENERGY MANAGEMENT 1Q21 1Q22 Indirect Energy Consumption, MWh 8,604,909 8,758,814 Building Energy Intensity (BEI) 1.85 1.88 WATER MANAGEMENT Water Usage, m3 142,650 148,766 Water Use Intensity (WUI) 0.031 0.032 WASTE MANAGEMENT Waste Disposal (tonnes) 719 563 CLIMATE CHANGE MANAGEMEN
Slide 20: Social: CSR Activities
Social: CSR Activities 20 Re-fabricate Recycle Subang Parade continues to partner with DRB-HICOM and Kloth in its textile waste recycling initiative with 1,405 kg of fabric collected to date. Pameran Denggi: “Mobile Truck Dengue Buster” A promotional campaign to prevent the reproduction of the Aedes
Slide 21: Creating The Places People Love
Creating The Places People Love Investor Communications Hektar Asset Management Sdn Bhd D1-U3-10, Solaris Dutamas No. 1, Jalan Dutamas 1 50480 Kuala Lumpur MALAYSIA 'Tel: +6 03 6205 5570 7 Fax: +6 03 6205 5571 8Web: www.HektarREIT.com 8Email: ir@HektarREIT.com
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