Hektar Real Estate Investment Trust · MYX:HEKTAR
Hektar Real Estate Investment Trust — Q1 2023 Earnings Presentation
22 slides from Hektar Real Estate Investment Trust's earnings presentation, May 25, 2023
Slide 1: Hektar Real Estate Investment Trust 1Q 2023 Results Presentation
Creating The Places People Love HEKTAR REAL ESTATE INVESTMENT TRUST 1Q 2023 RESULTS PRESENTATION 25 May 2023
Slide 2: Hektar REIT: Malaysia's First Retail-Focused REIT
Hektar REIT: Malaysia’s First Retail-Focused REIT 2 ORGANISATION DIVERSIFICATION DISCLAIMER: The material that follows is a presentation of general background information about the activities of Hektar REIT (including Hektar REIT’s any other affiliates) as at the date of this Presentation. The infor
Slide 3: Table of Contents
Table of Contents 3 01 Performance Summary 02 Portfolio Performance 03 Financial Results 04 Portfolio Updates 05 Corporate Social Responsibility
Slide 4: Performance Summary
Performance Summary 4 First Quarter (1Q23) vs Preceding Quarter (4Q22): (RM ,000) 35,000 3.8% 30,000 28,945 27,892 25,000 51.5% 20,000 257.8% 15,213 15,000 10,042 9,207 10,000 5,000 2,573 000 Gross Revenue Net Property Income Realised Net Income OPERATIONAL PERFORMANCE as at 31 March 2023 Portfolio
Slide 5: Performance Review (Quarterly vs Average)
Performance Review (Quarterly vs Average) 5 Revenue | NPI | Realised Net Income (Quarterly vs Average) (RM ,000) 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Gross Revenue Net Property Income Realised Net Income 1Q22 2Q22 3Q22 4Q22 1Q23 Average
Slide 6: Portfolio Performance
6 Portfolio Performance Overall Occupancy at 83.8% ► Positive Rental Reversions at 0.2%► 35.5% of NLA expires in 2023 ► Wetex Parade and Classic Hotel, Johor
Slide 7: Average Portfolio Occupancy improved to 83.8%
Average Portfolio Occupancy improved to 83.8% 7 85.4% 84.8% 84.8% 83.8% Occupancy 1Q22 82.3% 82.0% Actual Occupancy 1Q23 Committed Occupancy 1Q23 Occupancy (%) 1Q22 2Q22 3Q22 4Q22 1Q23 Subang Parade 82.2% 81.1% 73.5% 70.3% 72.4% Mahkota Parade 85.7% 86.0% 85.8% 86.9% 90.1% Wetex Parade 88.7% 88.1% 8
Slide 8: First Quarter Positive Rental Reversions at 0.2%
First Quarter Positive Rental Reversions at 0.2% 8 • 78 new/renewed tenancies consisting of 14.0% of total NLA for the quarter ended 31 March 2023. • Overall Portfolio reversions were positive due to positive reversion at Mahkota Parade & Kulim Central. • Parkson, our anchor tenant at Mahkota Parade
Slide 9: A total of 158 tenancies are expiring in FY2023
A total of 158 tenancies are expiring in FY2023 9 • Represents 726,639 sq. ft. or about 35.5% of total NLA. • Overall, a total of 78 tenancies covering 287,298 sq. ft. have been renewed as at 31 March 2023, representing 14% of total NLA. % of Total NLA % of Total Monthly Rental Income PORTFOLIO TENA
Slide 10: Positive Y-o-Y Growth for Footfall & Vehicle Count
Positive Y-o-Y Growth for Footfall & Vehicle Count 10 ('000) FOOTFALL 5,631 • Higher Footfall Y-o-Y of 33% ▲ 4,217 • Increase in Marketing Events & improved offerings has attracted higher footfall. 1Q22 1Q23 VEHICLE COUNT ('000) • Higher Vehicle count Y-o-Y of 6% ▲ 904 • The increase in vehicle coun
Slide 11: Financial Results
Financial Results Mahkota Parade, Melaka
Slide 12: Income Statement: Quarter Comparative
Income Statement: Quarter Comparative 12 Income Statement 1Q23 4Q22 Variance First Quarter 2023 (Unaudited) (RM '000) (RM '000) (%) Revenue 28,945 27,892 3.8% Direct cost & Property expenses (13,732) (17,850) 23.1% Net property income (NPI) 15,213 10,042 51.5% Interest & Other income 649 768 (15.6%)
Slide 13: Balance Sheet
Balance Sheet 13 As at As at (Unaudited) 31.03.2023 31.12.2022 (RM '000) (RM '000) UNIT PRICE STATISTICS as at 31 March 2023 Non-Current Assets Investment properties 1,206,080 1,206,080 Plant & Equipment 40 46 No. of Units 498,787,970 1,206,120 1,206,126 Current Assets Trade receivables 5,368 4,492
Slide 14: Gearing Ratio improved to 44.3%
Gearing Ratio improved to 44.3% 14 TF, 9.2% DEBT SUMMARY As at 31 March 2023 STRC, 0.5% ▪ Al-Murabahah Overdraft (MOD) ▪ Term Financing (TF) Facilities ▪ Short-Term Revolving Credit (STRC) Financiers Maybank, CIMB MOD, 90.3% Total Debt RM546.0 million [FY2022: RM551.4 million] EXPIRY PROFILE 2023-20
Slide 15: Portfolio Updates
15 Portfolio Updates Central Square, Kedah
Slide 16: Refreshed retail offerings at Hektar Malls
Refreshed retail offerings at Hektar Malls 16 4 Fingers, Mahkota Parade A&J Jewellery, Wetex Parade MarchCo 19, Wetex Parade Alia Shahril Cosmetics, Kulim Central Mix, Segamat Central Xiong DI Minimart, Central Square S Life, Segamat Central Bateku, Subang Parade Old Town, Wetex Parade
Slide 17: Marketing initiatives
Marketing initiatives 17 Mahkota Parade: Little Scientist Exhibition Subang Parade: YOUNI Market Mahkota Parade: Gymnastic Competition Mahkota Parade: Melaka Fashion Week Segamat Central: Martial Art Competition Hektar Malls: Chinese New Year Activities
Slide 18: Corporate Social Responsibility
Corporate Social Responsibility Subang Parade, Subang Jaya, Selangor
Slide 19: Social: CSR Activities
Social: CSR Activities 19 Subang Parade: Chinese New Year celebration with children of Mahkota Parade: Chinese New Year celebration at Salvation Army Persatuan Rumah K.I.D.S and Rumah Charis Wetex Parade: ‘OP Selamat 19-Kempen Rumah Selamat & Pencegahan Wetex Parade: Earth Hour Lights Off Jenayah Se
Slide 20: Social: CSR Activities
Social: CSR Activities 20 Wetex Parade: ‘Pesta Bulan Mengambang’ by Persatuan Jawa Parit Wetex Parade: Back-To-School Program by Parliament Muar Bugis Muar Wetex Parade: Minda Muar in collaboration with Persatuan Kesihatan Minda Mahkota Parade: Blood Donation Drive in collaboration with Cargill Muar
Slide 21: Social: CSR Activities
Social: CSR Activities 21 Central Square: Blood Donation Drive in collaboration with Malaysia Kulim Central: Earth Hour Zumba in collaboration with Step In Fitness Hindu Sangam, Kedah State & MHS Bedong Council Centre Kulim Central: Cervical Cancer Awareness in collaboration with Segamat Central: ‘S
Slide 22: Creating The Places People Love
Creating The Places People Love Investor Communications Hektar Asset Management Sdn Bhd Tel: +6 03 6205 5570 Web: www.HektarREIT.com Email: ir@HektarREIT.com
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