Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q3 2015 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, Nov 27, 2015

  1. Slide 1: Third Quarter 2015 Financial Results Presentation

    THIRD QUARTER 2015 FINANCIAL RESULTS PRESENTATION 27 NOVEMBER 2015 HEKTAR ASSET MANAGEMENT SDN BHD

  2. Slide 2: Disclaimer

    PRIVATE & CONFIDENTIAL 2 Disclaimer The material that follows is a presentation of general background information about the activities of the Hektar REIT (including Hektar REIT’s any other affiliates) as at the date of this Presentation. The information contained herein is given in summary form sole

  3. Slide 3: Financial Summary

    PRIVATE & CONFIDENTIAL 3 Financial Summary Third Quarter FY 2015 1 July 2015 – 30 September 2015 Commentary  3Q2015 Interim Distribution Per Unit: 2.6 sen  Negative reversion recorded in Mahkota Parade and Wetex Parade to fill up long vacant lots and to improve tenancy mix Operational & Financial

  4. Slide 4: Distribution Details

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Positive Growth Since IPO Current Distribution Details Hektar REIT Third Quarter 2015 Distribution Policy Barring unforeseen circumstances, Hektar  Distribution Period: 1 Jul 2015 – 30 Sep 2015 REIT will pay distributions equivale

  5. Slide 5: Comparative Yields - Malaysia

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Distribution Yield at approximately 6.9%  Traded at a 293 bps spread over MGS 10-year  Unit Price increased by 1.3% since beginning of the year Hektar REIT Unit Price Change Hektar REIT Comparative Yields 3Q 2015 (9 months) Unit Pr

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~97.5% ► Rental Reversions +2.1% for 3Q15 ► Tenancy Expiry Profile ► 20% of Portfolio Tenancy Rental Income Expires in 2015 ►

  7. Slide 7: Hektar REIT Portfolio - Occupancy

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~97.5% Landmark Central reaches near full occupancy 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 As at As at As at 31 Dec 31 Dec 30 Sep 31 Dec 31 Dec 31 Dec

  8. Slide 8: Hektar REIT Portfolio – Rental Reversions

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions +2.1% for 3Q 2015  Negative reversion recorded at Mahkota Parade and Wetex Parade Hektar REIT Rental Reversions: Quarter Third Quarter No. of New % Mahkota Parade : (3 months) Tenancies / NLA % of Increase / (Decre

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

    PRIVATE & CONFIDENTIAL 9 Hektar REIT Portfolio – Tenancy Expiry Profile Hektar REIT Tenancy Expiry Profile by Property as at 30 September 2015 Subang Parade No. of NLA of Tenancies NLA of Tenancies % of Total 27% 35% 35% 32% For Year Ending Tenancies Expiring Expiring as % of Monthly Rental 21% 17%

  10. Slide 10: Tenancy Portfolio Expiry Profile 2015 – 2018

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2015 – 2018  FY2015 - 76 tenancy expiries account for approximately 20% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 30 September 2015 Portfolio No. of

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results 3Q2015 Gross Revenue up 1.9%; NPI up 2.6% from preceding year ► 3Q2015 Net Income (Realised) down 1.4% from preceding year ► Hektar REIT Average Cost of Debt at 4.9% ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 3Q2015 Net Income (Realised) down 1.4% vs corresponding quarter 3Q2014 Income Statement 3Q15 3Q14 Variance Third Quarter 2015 (Unaudited) (RM '000) (RM '000) (%) Revenue 31,390 30,792 + 1.9% Direct Cost & Property Expenses (12,715) (12

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

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative For Period 1 January – 30 September 2015 (versus previous comparable period) Income Statement 9M15 9M14 Variance Year-To-Date (Unaudited) (RM '000) (RM '000) (%) Revenue 93,581 91,163 + 2.7% Direct Cost & Property Expenses (36,632

  14. Slide 14: Hektar REIT’s Balance Sheet for 3Q2015

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 3Q2015 Balance Sheet As at 30.09.2015 As at 31.12.2014 (Unaudited) (RM '000) (RM '000) Unit Price Statistics Non-Current Assets As at 30 Sep 2015 Investment Properties 1,060,732 1,060,732 Capital Work in Progress 60,147 21,679 N

  15. Slide 15: Debt Profile

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for 3Q 2015 Debt Expiry Profile As at 30 September 2015 Debt Information 600 As at 30 September 2015 550 500  Total Debt: RM million RM494 million 450 400  Weighted Cost of Debt: 4.9% 350 300 250  Gearing Ratio1: 42.8% 200 150  Interest Cover2:

  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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