Demire Deutsche Mittelstand Real Estate Ag · XETR:DMRE
Demire Deutsche Mittelstand Real Estate — Investor Presentation (May 2025)
17 slides from Demire Deutsche Mittelstand Real Estate's investor presentation, May 2025
Slide 1: Company Presentation May 2025
Company Presentation May 2025
Slide 2: Disclaimer
Disclaimer This document is for informational purposes only. This document is not intended to form the basis of any investment decision and should not be considered as a recommendation by DEMIRE Deutsche Mittelstand Real Estate AG (the “Company”) or any other person in relation to the Company. This
Slide 3: Table of Contents
Table of Contents 01 DEMIRE at a glance 02 Portfolio 03 Financials 04 Bond refinancing
Slide 4: DEMIRE at a glance
—] [>emrre O1 DEMIRE at a glance
Slide 5: DEMIRE at a glance
01 DEMIRE at a glance1) Applying the ABBA-approach2) DEMIRE is a leading German public Real Estate Firm Financial and sustainability reporting achieved Gold focused on Office, Retail and Hotel properties across awards from EPRA Germany foremost in Secondary Locations Sizeable € 1.0bn German commerci
Slide 6: Portfolio
—] [>emrre O2 Portfolio
Slide 7: Attractive €1.0bn commercial portfolio
Attractive € 1.0bn1) commercial portfolio German-wide diversified portfolio with office overweight DISTRIBUTION BY FEDERAL STATE2) DISTRIBUTION BY ASSET CLASS2) Other Hotel & Others 7% 8% Bavaria 5% North Rhine Westphalia 26% Baden-Wurttemberg 7% Retail Schleswig-Holstein Total GRI3) 29% Total GRI3)
Slide 8: Portfolio breakdown
Portfolio breakdown1) Diversification across industries, performance indicators reflect reduced asset base TOP 5 INDUSTRIES LETTING PERFORMANCE ANNUALISED CONTRACTUAL RENT % of annualised contractual rent of portfolio sqm 287,600 78.1 85.1 €m 76.7 182,700 56.4 53.7 Public administration, defence, so
Slide 9: Financials
—] [>emrre 03 Financials
Slide 10: Financials Q1 2025
Financials Q1 2025 Shortened P&L statement & FFO-bridge: Rental income and FFO down following portfolio reduction, elevated interest expenses Q1 2025 Q1 2024 Change (€ m) (€ m) (%) Rental income 1 14.0 18.6 (24.7) 11. Lower rental income mainly driven by sale of “LogPark” in Leipzig and deconsolidat
Slide 11: Financials Q1 2025
Financials Q1 2025 Shortened balance sheet: broadly unchanged, moderate shifts from short-term to long-term liabilities Q1 2025 FY 2024 Change (€ m) (€ m) (%) Investment properties 1 710.8 724.7 (1.9) 11. Reduction primarily following reclassifications of two properties to the held for sale category
Slide 12: Financials Q1 2025
Financials Q1 2025 Net-LTV and Average cost of debt practically stable Net-LTV1) (%) Average cost of debt2) (%) 4.35 4.32 40.9 41.5 FY 2024 Q1 2025 FY 2024 Q1 2025 ▪ After significant deleveraging in context of the bond restructuring in Q4 ▪ Average cost of debt virtually stable after debt book rema
Slide 13: Financials Q1 2025
Financials Q1 2025 Guidance for rental income and FY 2025 confirmed Rental income: € 51 – 53m FFO I1): € 3.5 – 5.5m 13
Slide 14: Financials FY 2024
Financials FY 2024 Shortened P&L statement & FFO-bridge: Rental income and FFO down following portfolio reduction, significant profit from bond buy-backs FY 2024 FY 2023 Change (€ m) (€ m) (%) Rental income 1 65.3 78.5 (16.9) 11. Lower rental income mainly driven by sale of “LogPark” in Leipzig and
Slide 15: Bond refinancing
—] [>emrre 04 Bond refinancing
Slide 16: Reinstated bond 19/27
Reinstated bond 19/27 Successful extension of the Bond 19/24 to 2027 in November 2024 to achieve a sustainable capital structure for the coming years Key Head of terms Maturity extension ▪ 31 December 2027 Shareholder support ▪ Up to € 100m shareholder loan for tender offer (deeply subordinated) ▪ 3
Slide 17: Contact
Contact www.demire.ag stinauer@demire.ag +49 (0) 6103 37249 44
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