Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q1 2011 Earnings Presentation

15 slides from Hektar Real Estate Investment Trust's earnings presentation, May 11, 2011

  1. Slide 1: First Quarter 2011 Financial Results Presentation

    FIRST QUARTER 2011 FINANCIAL RESULTS PRESENTATION 11 MAY 2011 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 First Quarter 2011

    PRIVATE & CONFIDENTIAL 3 Financial Summary First Quarter 2011 1 January 2011 – 31 March 2011 Three (3) months Operational & Financial Performance (Full Year) Dividend Distribution ƒ Portfolio Occupancy: ~ 95.9% First Quarter Interim Dividend Per Unit ƒ Rent Reversions: + 11% (DPU): 2.50 sen ƒ Net In

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

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Growth Positive Since IPO Current Dividend Distribution Details First Quarter 2011 ƒ Distribution Di t ib ti P Period: i d 1 JJanuary – 31 M March h 2011 ƒ Quarterly DPU: 2.50 sen ƒ Notice of Entitlement: 11 May 2011 ƒ Ex-Dividend

  5. Slide 5: Hektar REIT Dividend Yield at approximately 7.7%

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Dividend Yield at approximately 7.7% ƒ Traded at a 359 bps spread over MGS 10-year Hektar REIT Unit Price Change Hektar REIT Comparative Yields 1Q 2011 (3 months) Unit Price RM 1.30 31 Mar 2011 359 b bps spread 1 Jan 31 Mar % Change

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~95.9% ► Rental Reversions at a positive 11% for 1Q 2011 ► Tenancy Expiry Profile ►

  7. Slide 7: Overall Portfolio Occupancy at ~95.9%

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~95.9% Hektar REIT Portfolio Occupancy As at 31 As at 31 As at 30 As at 31 As at 31 As at 31 As at 31 As at 31 December December September December December December December March Property P t 2004 2005 2006 2

  8. Slide 8: Rental Reversions positive at 11% for first quarter

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions positive at 11% for first quarter ƒ 1Q 11: 36 new tenancies / renewals at 11% higher average rental rate ƒ Subang Parade recorded increases due to opening of new retail zone Hektar REIT Rental Reversions: Quarter Fi

  9. Slide 9: Hektar REIT 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 31 March 2011 Subang Parade No. of NLA of Tenancies NLA of Tenancies % of Total For Year Ending Tenancies Expiring Expiring as %

  10. Slide 10: Tenancy Portfolio Expiry Profile 2011 – 2014

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2011 – 2014 ƒ FY2011 tenancy expiries account for approximately 26% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As At 31 March 2011 Portfolio No. of NLA of T

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results First Quarter 2011 Net Income flat from previous corresponding quarter ► Hektar REIT trading at a 1.5% discount to NAV as at 1Q11 ► Hektar REIT Average Cost of Debt at 4.10% ►

  12. Slide 12: First Quarter 2011 Net Income flat vs previous quarter

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative First Quarter 2011 Net Income flat vs previous quarter For Period 1 January – 31 March 2011 (versus previous comparable period) Income Statement 1Q11 1Q10 Variance First Quarter 2011 (Unaudited) (RM '000) (RM '000) (%) Revenue 23,340 2

  13. Slide 13: Balance Sheet

    PRIVATE & CONFIDENTIAL 13 Balance Sheet Hektar REIT’s Balance Sheet for First Quarter 2011 Balance Sheet As at 31.3.2011 As at 31.12.2010 Unit Price Statistics (Unaudited) (RM '000) (RM '000) As at 31 March 2011 Non-Current Assets No. of Units Outstanding Investment Properties 752,000 752,000 320,00

  14. Slide 14: Debt Profile

    PRIVATE & CONFIDENTIAL 14 Debt Profile Debt Profile for First Quarter 2011 Debt Information Debt Expiry Profile As at 31 March 2011 As at 31 March 2011 ƒ Total Debt: RM335 million ƒ Weighted Cost of Debt: RM million 4.10% ƒ Gearing Ratio1: 42.8% ƒ Interest Cover2: 4.53 ƒ Unencumbered Asset: Wetex Pa

  15. Slide 15: Contact

    PRIVATE & CONFIDENTIAL 15 Contact “Creating Creating The Places Where People Love To Shop” Shop Investor Relations Hektar Asset Management Sdn Bhd Block C-0-5, Plaza Damas 60 Jalan Sri Hartamas 1 Sri Hartamas 50480 Kuala Lumpur MALAYSIA ℡Tel: +6 03 6201 1011 Fax: +6 03 6201 0012 Web: www.HektarREIT.

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