Emirates Reit (ceic) Plc · NASDAQDUBAI:REIT
Emirates Reit (ceic) — Q1 2019 Earnings Presentation
14 slides from Emirates Reit (ceic)'s earnings presentation, 2019
Slide 1: Emirates REIT Q1 2019
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Slide 2: Speakers
SPEAKERS Sylvain Vieujot Abdul wahab Al-Halabi CEO CFO Managed by Equitativa !2
Slide 3: Financial Highlights - Q1 2019
FINANCIAL HIGHLIGHTS - Q1 2019 8.3% year-on-year increase in rental income to USD 15.3mn (AED 56.3mn) 8.4% year-on-year increase in Total Property Income to USD 17.9mn (AED 65.7mn) Significant impact on Net Profit (down to USD 1.6mn from USD 10mn in Q1 2018) due to absence of valuation gains FFO sta
Slide 4: Operational Highlights
OPERATIONAL HIGHLIGHTS
Slide 5: Portfolio Highlights
PORTFOLIO HIGHLIGHTS ANNUALISED RENT UNEXPIRED LEASE TERM As of 31 Mar 2019 (excl. School in DIP) As of 31 Mar 2019 Managed by Equitativa !5
Slide 6: Index Tower
INDEX TOWER Offices occupancy increased to 52% Annualised rent increase of 38% year-on-year reaching USD 16.1mn (AED 59.2mn) at end of Q1 2019 Post Period: Index Mall Opening & first tenants operational in June 2019 Managed by Equitativa !6
Slide 7: Index Tower Performance
INDEX TOWER PERFORMANCE OCCUPANCY BY AREA OCCUPANCY BY UNIT ANNUALISED RENT As of 31 Mar 2019 As of 31 Mar 2019 As of 31 Mar 2019 Managed by Equitativa !7
Slide 8: Annualised Rent per Property
ANNUALISED RENT PER PROPERTY Managed by Equitativa !8
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 10: Total Property Income Growth
TOTAL PROPERTY INCOME GROWTH (USD M) +8.4% 18.3 17.8 17.9 16.7 17.3 16.5 15.6 13.9 14.4 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Managed by Equitativa !10
Slide 11: Property Operating Income Growth
PROPERTY OPERATING INCOME GROWTH (USD M) +2.6% +6.7% 13.4 13.9 13.5 13.5 13.2 12.6 11.8 10.7 10.8 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Managed by Equitativa !11
Slide 12: Balance Sheet Overview
BALANCE SHEET OVERVIEW USD 1,006.4 USD 1,006.4 32.4* 33.8*** IN USD M 31 MAR 19 31 MAR 18 CHANGE 32.9** INVESTMENT PROPERTY 941.1 869.8 +8.2% 463.0 Debt TOTAL ASSETS 1,006.4 947.1 +6.3% ISLAMIC FINANCING 463.0 397.4 +16.5% TOTAL LIABILITIES 496.8 427.4 +16.2% 941.1 Investment Property EQUITY 509.6 5
Slide 13: Summary
SUMMARY USD 941m 223,192 m2 PORTFOLIO VALUE NET LEASABLE AREA USD 510m 76% NET ASSET VALUE OCCUPANCY USD 1.70 per share 7.5 years NET ASSET VALUE WAULT(1) 11 Properties 356 tenants NAV per share is calculated by the REIT administrator. Growth rates are adjusted for dividends and As of 31 Mar 2019 an
Slide 14: Thank You
THANK YOU