Defama Deutsche Fachmarkt Ag · XETR:DEF

Defama Deutsche Fachmarkt — Investor Presentation (November 2017)

23 slides from Defama Deutsche Fachmarkt's investor presentation, November 2017

  1. Slide 1: Company Presentation DEFAMA Deutsche Fachmarkt AG

    Company Presentation DEFAMA Deutsche Fachmarkt AG November 2017

  2. Slide 2: Equity Story

    EQUITY STORY DEFAMA invests in: • Well‐established retail parks and small shopping centres • With at least two chain stores with strong solvency as (anchor) tenants • Without larger vacancies and/or investment needs • Purchase for maximum 9 times annual net rent • Purchase price per property usually

  3. Slide 3: Equity Story: Three good reasons for our strategy

    EQUITY STORY Three good reasons why we pursue this strategy: Property size usually Too small for most Favourable prices due to lack of between €1m and €5m institutional investors competition on the buyer’s side Focus on typical local No issues with Sustainable rentability shopping centres e‐commerce

  4. Slide 4: Management

    MANAGEMENT Matthias Schrade Dr. Carsten Müller Member of the Member of the Management Board Management Board • Many years of experience as a financial • For decades working as an architect, property analyst and entrepreneur manager, project manager and entrepreneur • Excellent network in the areas o

  5. Slide 5: Management: Supervisory Board

    MANAGEMENT Supervisory Board Peter Schropp (Chairman) • Until 9/2014 Member of the Management Board of VIB Vermögen AG responsible for Real Estate • Significantly involved in the expansion of the portfolio to just under €1bn • Great financing know‐how as a trained banker Ulrich Rücker (Deputy Chairm

  6. Slide 6: Group Structure

    GROUP STRUCTURE • Acquisition and financing always in object subsidiaries • DEFAMA AG as a holding company provides the equity required for the acquisitions • 22 real estate acquisitions so far DEFAMA Deutsche Fachmarkt AG 100% 100% 100% 100% 100% 100% 100% 100% 94% DEFAMA Verwal‐ tungs GmbH DEFAMA

  7. Slide 7: Portfolio Key Figures

    PORTFOLIO Key Figures (as of 31 October 2017) Waldeck, Hesse Construction year: 2006 Plot size: 9.730 sqm Harzgerode, Saxony‐Anhalt Locations 22 Lettable space: Renting quote: 2.379 sqm 100% Construction year: Plot size: 1997 10.945 sqm Biggest Tenants: Lettable space: 4.701 sqm LIDL, KiK, beverage

  8. Slide 8: Portfolio: Largest Tenants and Net Rent by Industry

    PORTFOLIO Largest Tenants Share Net Rent by Industry REWE/Penny/Sky 13.0 % EDEKA/Netto 9.7 % toom DIY stores 9.0 % Food NORMA 7.2 % 51% Tengelmann Group 4.7 % Others Aldi Nord 4.5 % 8% Fashion/ Shoes LIDL 4.4 % 15% DIY Dän. Bettenlager 4.0 % Living 12% 2% TAKKO 3.1 % Health Hammer 3.0 % 5% Other non

  9. Slide 9: Portfolio: Retail Park Wittenburg

    PORTFOLIO Retail Park Wittenburg  Construction Year: 1992  Plot Size: 16,221 sqm  Lettable Space: 4,768 sqm  Occupancy Rate: 100%  Purchase Price: €3.6m  Annual Net Rent: > €420k  Acquisition for 8.5 times annual net rent  Key Tenants are Sky/Coop, Dänisches Bettenlager, Deichmann and Takko

  10. Slide 10: Portfolio: Westerwald-Portfolio

    PORTFOLIO „Westerwald‐Portfolio“  Three retail parks in Gebhardshain, Höhn and Puderbach (Rhineland‐Palatinate)  Construction Year: 1993/94  Plot Size: 24,807 sqm  Lettable Space: 6,298 sqm  Occupancy Rate: 99%  Purchase Price: €6.2m  Annual Net Rent: €680k  Acquisition for 9.0 times annual

  11. Slide 11: Portfolio: Retail Park Wildau

    PORTFOLIO Retail Park Wildau  Construction Year: 2007  Plot Size: 6,000 sqm  Lettable Space: 1,472 sqm  Occupancy Rate: 100%  Purchase Price: €1.8m  Annual Net Rent: €195k  Acquisition for 9.2 times annual net rent  Key Tenants are Penny and Getränke Hoffmann  Further specialist retailers l

  12. Slide 12: Portfolio: Retail Park Waldeck

    PORTFOLIO Retail Park Waldeck  Construction Year: 2006  Plot Size: 9,730 sqm  Lettable Space: 2,379 sqm  Occupancy Rate: 100%  Purchase Price: €1.85m  Annual Net Rent: > €200k  Acquisition for 9.1 times annual net rent  Key tenants are LIDL, KiK and a beverage store  Ideally positioned as t

  13. Slide 13: Financing

    FINANCING Key Figures (as of 30 September 2017) Maturity Profile incl. Repayments in €m Number of Financing Partners 15 12 Bank Loans €41.3m 8 Ø Interest Rate 2.45% 4 Ø Initial Repayment 5.64% Ø Fixed Interest 8.4 years 0 Loan‐To‐Value Ratio (LTV) 65.0% Maturity Repayments • Financing arranged throu

  14. Slide 14: Key Financials 2016

    KEY FINANCIALS 2016 Portfolio Value Rental Income in €k in €k , 60.000 , 4.000 , 3.438 , 47.760 , 45.000 , 3.000 , 30.000 , 23.620 , 2.000 , 1.009 , 15.000 , 1.000 0 0 2015 2016 2015 2016 Company Presentation DEFAMA Deutsche Fachmarkt AG 14

  15. Slide 15: Key Financials 2016

    KEY FINANCIALS 2016 Net Profit Funds from Operations (FFO) in €k in €k , 1.000 889 . 0,60 , 2.000 . 1,20 1.590 , 750 , 1.500 . 0,40 . 0,80 500 , 1.000 295 . 0,30 . 0,20 530 . 0,54 . 0,40 250 500 . 0,13 . 0,24 0 0,00 0 0,00 2015 2016 2015 2016 Ergebnis EPS in € FFO FFO / Aktie Company Presentation DE

  16. Slide 16: Key Financials 9M/2017

    KEY FINANCIALS 9M/2017 Portfolio Value Rental Income in €k in €k 75,000 4,500 4,057 63,560 +72% +70% 50,000 3,000 2,387 37,010 25,000 1,500 0,000 0,000 2016/09/30 2017/09/30 9M/2016 9M/2017 Company Presentation DEFAMA Deutsche Fachmarkt AG 16

  17. Slide 17: Key Financials 9M/2017

    KEY FINANCIALS 9M/2017 Net Profit Funds from Operations (FFO) in €k in €k 1,200 . 0,60 2,000 1,815 . 0,90 +46% 0,968 +59% 0,900 1,500 0,662 . 0,40 1,144 . 0,60 0,600 1,000 . 0,51 . 0,27 . 0,20 . 0,41 . 0,30 0,300 . 0,23 0,500 0,000 0,00 0,000 0,00 9M/2016 9M/2017 9M/2016 9M/2017 Earnings EPS in € FF

  18. Slide 18: Status and Outlook

    STATUS AND OUTLOOK Guidance for 2017 • Net Profit (according to German GAAP): €1.4m resp €0.40 per share • Funds From Operations (FFO): €2.6m resp €0.73 per share • Again, significant dividend increase • Additional high one‐off result from joint venture Radeberg Annualised portfolio key figures (bef

  19. Slide 19: Status and Outlook: Joint-Venture Radeberg

    STATUS AND OUTLOOK Joint‐Venture Radeberg • Letter of Intent (LOI) with HD Gruppe, Berlin, signed • HD will acquire a 50% stake in the retail park Radeberg • Strong partner with great retail experience for project development • Completion of the transaction expected by the end of 2017 Effects on fin

  20. Slide 20: Share

    SHARE Share price development since IPO at 13 July 2016 Shareholder Structure 13 € 10 € 38.3% 43.1% 7€ 4€ 2.0% Jul. 16 Okt. 16 Jan. 17 Apr. 17 Jul. 17 Okt. 17 6.2% 10.4% WKN / ISIN A13SUL / DE000A13SUL5 MSC Invest GmbH / M. Schrade Stock Exchange Munich (open market) ABCON Vermögensverwaltung Number

  21. Slide 21: Why to Invest

    WHY TO INVEST Highly Profitable thanks to favourable purchase prices and lean structures Solid Financing via object subsidiaries with local and savings banks Down‐to‐Earth Team with great experience in the real estate and retail sector Shareholder‐friendly with high transparency and attractive divid

  22. Slide 22: Contact

    CONTACT DEFAMA Deutsche Fachmarkt AG Nimrodstr. 23 D 13469 Berlin www.defama.de Matthias Schrade Member of the Management Board Telephone +49 (0) 30 / 555 79 26 ‐ 0 Fax +49 (0) 30 / 555 79 26 ‐ 2 E‐mail schrade@defama.de Company Presentation DEFAMA Deutsche Fachmarkt AG 22

  23. Slide 23: Disclaimer

    DISCLAIMER Important Notice: Forward Looking Statement The information or opinions contained in this document have not been independently verified and no express or implied warranty or representation is made as to their suitability, accuracy or completeness or the recipient may not rely on them. Thi

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