Hamborner Reit Ag · XETR:HABA
Hamborner Reit — H1 2023 Earnings Presentation
13 slides from Hamborner Reit's earnings presentation, Aug 10, 2023
Slide 1: Conference Call H1 2023
Conference Call H1 2023 Niclas Karoff Sarah Verheyen 10 August 2023 Office property ‚EUREF-Campus‘ Berlin
Slide 2: Key figures H1 2023
Key figures H1 2023 €43.7m €28.1m €0.35 Rental income FFO FFO per share €10.58 4.1% NAV per share EPRA vacancy rate 6.3 years 56.4% WALT REIT equity ratio 42.2% 9.6x LTV Net debt/EBITDA(1) (1) Net financial debt (average last five quarters) in relation to EBITDA adjusted by result from sales (last t
Slide 3: Funds from operations (FFO)
Funds from operations (FFO) in k€ H1 2023 H1 2022 Change Comments 1 Income from rents and leases 43,675 41,878 +4.3% ▪1 Income from rents and leases positively affected Income from passed on costs 7,672 7,005 +9.6% by rent increases from property additions as well as by indexation effects Operating
Slide 4: Financial situation
Financial situation Expiration Expiration of of financial financial liabilities liabilities (as (asofof3031June December 2023) 2021) 56.4% REIT equity ratio 42.2% LTV 2.0% 9.6x Net debt/EBITDA(1) 5.6x 20.3% EBITDA/Interest coverage 16.5% 13.4% 12.9% 12.4% €701.0m 8.3% 7.4% Financial liabilities 2.8%
Slide 5: Portfolio revaluation
Portfolio revaluation Portfolio development H1 2023 Comments ▪ Total value reduction resulting from property Disposal Retail Portfolio (LfL) Office Portfolio (LfL) disposal (-€1.0m) and -5.7% decrease of like-for- Portfolio value like portfolio value (-€91.2m) €1,608.6m ▪ Decline in total value due
Slide 6: Acquisitions H1 2023
Acquisitions H1 2023 Hanau Offenburg Hanau Offenburg Asset type Retail Retail Investment approach Core Core Year of construction 1997 (refurbished 2017) 2017 Leased area 4,100 m2 13,900 m2 WALT(1) 12.5 years 7.8 years Offenburg Occupancy rate(1) 100% 100% Annual rental income(1) ~€0.4m ~€1.2m Purcha
Slide 7: Portfolio key metrics as of 30 June 2023
Portfolio key metrics as of 30 June 2023 Asset class Total portfolio Investment approach Retail Office Split Core % Manage-to-Core % Number of properties 37 28 65 62 95.5% 3 4.5% Fair Value €833.0m €683.5m €1,516.4m €1,457.2m 96.1% €59.2m 3.9% Leased area 375,234 m² 229,703 m² 604,936 m² 577,737 m²
Slide 8: Rent development
Rent development Development of annualized rents year on year +€3.6m -€1.7m -€0.2m €86.3m €84.6m -1.9% -0.2% +4.3% Annualized rents Indexation Re-lettings/ Disposals Annualized rents 30 Jun 2022 Vacancy change 30 Jun 2023 Rent development like-for-like/year-on-year(1) Asset class Total portfolio Inv
Slide 9: Leasing situation
Leasing situation Weighted average lease expiry (as of 30 June 2023) Letting result H1 2023 25,871 m² 14,386 m² 70% 11,485 m² 59% 83% 7.3 years 41% 30% 5.0 years 6.3 years 17% New lettings Contract extensions Total Retail Office Total Retail Office 30,0% Lease expiry schedule (as of 30 June 2023; in
Slide 10: Tenant base
Tenant base Top-10 tenants (as of 30 June 2023) Sector distribution (as of 30 June 2023) Tenant Sector Rent(1) Sector Rent(1) EDEKA Food retail 11.8% Food 31.9% Kaufland Food retail 7.5% DIY 11.9% REWE Food retail 7.1% IT / Communication 10.6% OBI DIY 7.0% Finance / Insurance 7.5% Globus DIY / Food
Slide 11: Guidance update full-year 2023
Guidance update full-year 2023 €88.0 – 89.0m Rental income €51.0m – €53.0m FFO 7.0 – 12.0% below previous year‘s level NAV per share 11
Slide 12: Contact
Contact Niclas Karoff Sarah Verheyen CEO/CFO COO/CIO E-Mail: n.karoff@hamborner.de E-Mail: s.verheyen@hamborner.de Christoph Heitmann HAMBORNER REIT AG Head of IR & PR www.hamborner.de info@ir.hamborner.de E-Mail: c.heitmann@hamborner.de +49 (0)203/54405-32 12
Slide 13: Disclaimer
This presentation has been prepared and/or issued by HAMBORNER REIT AG (hereinafter "HAMBORNER") solely for information purposes. This presentation may contain statements, assumptions, opinions and predictions about the anticipated future development of HAMBORNER ("forward-looking statements") that