Hektar Real Estate Investment Trust · MYX:HEKTAR
Hektar Real Estate Investment Trust — Q3 2023 Earnings Presentation
22 slides from Hektar Real Estate Investment Trust's earnings presentation, Nov 22, 2023
Slide 1: Hektar REIT 3Q 2023 Results Presentation
Creating The Places People Love HEKTAR REAL ESTATE INVESTMENT TRUST 3Q 2023 RESULTS PRESENTATION 22 November 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
3 Table of Contents 01 Performance Summary 02 Financial Results 03 Portfolio Performance 04 Portfolio Updates 05 The Edge ESG Awards 2023 06 Proposed Acquisition of Kolej Yayasan Saad
Slide 4: Performance Summary
4 Performance Summary 3rd Quarter 2023 (3Q23): Jul-Sep 2023 | 3 Months 2.2% 30,000 27,811 27,207 0.6% 20,000 15,392 15,487 -1.9% 10,000 6,823 6,956 0 Revenue Net property income (NPI) Realised income before taxation 3Q23 2Q23 DPU (1H2023) 2.7 sen Annualised Dividend Yield 8%
Slide 5: Financial Results
Financial Results Subang Parade
Slide 6: Balance Sheet
Balance Sheet 6 As at As at UNIT PRICE STATISTICS as at 30 Sep 2023 Balance Sheet 30.09.2023 31.12.2022 (Unaudited) (RM '000) (RM '000) Non-Current Assets Investment properties 1,206,519 1,206,080 1,206,126 1,206,080 No. of Units 498,787,970 Plant & Equipment 439 46 Current Assets 34,001 29,381 Trad
Slide 7: Income Statement: Quarter Comparative
Income Statement: Quarter Comparative 7 Income Statement 3Q23 2Q23 Variance Third Quarter 3Q2023 (Unaudited) (RM '000) (RM '000) (%) Revenue 27,811 27,207 2.2% Direct cost & Property expenses (12,419) (11,720) (6.0%) Net property income (NPI) 15,392 15,487 (0.6%) Interest & Other income 113 799 (85.
Slide 8: Debt Expiries well-distributed
8 Debt Expiries well-distributed EXPIRY PROFILE 2023-2026 DEBT SUMMARY As at 30 September 2023 ▪ Al-Murabahah Overdraft (MOD) ▪ Term Financing (TF) Facilities ▪ Commodity Murabahah Term Financing-i (CMTF-i) Financiers Maybank, CIMB, HLB Total Debt RM549.02 million Al-Murabahah Overdraft [FY2022: RM5
Slide 9: Portfolio Performance
9 Portfolio Performance Overall Occupancy at ~87.7% ► Rental Reversions at 1.8%► 28.7% of NLA expires in 2023 ► WALE maintains at 1.13 years ► Central Square
Slide 10: Average Portfolio Occupancy improved to 87.7%
10 Average Portfolio Occupancy improved to 87.7% 88.4% 87.7% WALE = 1.26 years 85.7% 83.8% Previous Occupancy 82.3% 82.0% Actual Occupancy 3Q23 Committed Occupancy 3Q23 Occupancy (%) 3Q22 4Q22 1Q23 2Q23 3Q23 Subang Parade 73.5% 70.3% 72.4% 75.0% 79.5% Mahkota Parade 85.8% 86.9% 90.1% 91.0% 93.1% Wet
Slide 11: Third Quarter Rental Reversions at 1.8%
12 Third Quarter Rental Reversions at 1.8% • 55 new/renewed tenancies consisting of 6.9% of total NLA for the quarter ended 30 September2023. • Positive reversions recorded at all malls except Subang Parade Third Quarter Ended 30 Sep 2023 Number of New NLA Percentage of Percentage Change Over (3 mon
Slide 12: Tenancies expiry well distributed
Tenancies expiry well distributed 13 • 585,827 sq. ft. or about 28.7% of total NLA expiring in 2023. • In 3Q23, a total of 55 tenancies this year covering 140,570 sq. ft. have been renewed / added as of 30 September 2023, representing 6.9% of total NLA. • YTD, a total of 176 tenancies this year cove
Slide 13: Portfolio Updates
15 Portfolio Updates Segamat Central
Slide 14: Refreshed retail offerings at Hektar Malls
16 Refreshed retail offerings at Hektar Malls Baby Shop. Subang Parade TD Lashes, Subang Parade Scholl, Mahkota Parade Zus Coffee, Kulim Central Banana Bro, Subang Parade Timberland, Mahkota Parade Comfort Sole, Subang Parade Good2U Concept Store, Mahkota Parade
Slide 15: Marketing Initiatives
17 Marketing Initiatives Cat Model Runshow, Subang Parade Merdeka Fun Run, Kulim Central Merdeka Kids Costume, Central Square Coloring Competition (Malaysia Day), Karate Competition, Central Square Segamat Central Chess Tournament, Kulim Central
Slide 16: CSR Activities
CSR Activities MBSJ Car Free Day & Merdeka Parade, Craft Exhibition by Warisan Seni Muar, Subang Parade World Heart Day by IJN, Mahkota Parade Wetex Parade Kibaran Bendera Malaysia, Kulim Central Blood Donation Drive, Central Square Karnival Bahasa Melayu, Segamat Central
Slide 17: The Edge ESG Awards 2023
THE EDGE ESG AWARDS 2023 Mahkota Parade
Slide 18: The Edge Malaysia ESG Awards 2023
20 The Edge Malaysia ESG Awards 2023 Hektar REIT Awarded with Dual Gold Accolades “Outstanding ESG and Dividend Return” and “REIT” at The Edge Malaysia ESG Awards 2023.
Slide 19: Proposed Acquisition: Kolej Yayasan Saad
Proposed Acquisition Kolej Yayasan Saad
Slide 20: Proposed Acquisition (Kolej Yayasan Saad)
Proposed Acquisition (Kolej Yayasan Saad) 22 • Embarkment into private secondary education sector with the proposed acquisition of Kolej Yayasan Saad • With reference to the announcement on 12th September 2023, MTrustee (Trustee of Hektar REIT) has signed a conditional SPA with the vendor (KYS Colle
Slide 21: Moving Forward
Moving Forward 23 Asset Enhancement Capital Management • Enhancement initiatives at Subang Parade and • Adopt prudent financial management, cost optimization Segamat Central are on track. initiatives, and enhancing our asset relevancy & efficiencies to ensure sustainability. • Replacement of lifts a
Slide 22: Investor Communications
24 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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