Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q3 2016 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, Nov 16, 2016

  1. Slide 1: Third Quarter 2016 Financial Results Presentation

    THIRD QUARTER 2016 FINANCIAL RESULTS PRESENTATION 16 NOVEMBER 2016 HEKTAR ASSET MANAGEMENT SDN BHD

  2. Slide 2: Disclaimer / About Hektar

    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 Third Quarter FY 2016

    PRIVATE & CONFIDENTIAL 3 Financial Summary Third Quarter FY 2016 1 Jul 2016 – 30 Sep 2016 Commentary  3Q2016 Interim Distribution Per Unit: 2.6 sen  Net Income for the period down 6.6% due to lower revenue Operational & Financial Performance (Third Quarter) Distribution and Yield  Portfolio Occup

  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 2016 Distribution Policy Barring unforeseen circumstances, Hektar  Distribution Period: 1 Jul 2016 – 30 Sep 2016 REIT will pay distributions equivale

  5. Slide 5: Comparative Yields - Malaysia

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Distribution Yield at approximately 6.6%  Traded at a 272 bps spread over MGS 10-year  Unit Price increased by 2.6% since beginning of the year Hektar REIT Unit Price Change Hektar REIT Comparative Yields 3Q 2016 (9 months) Unit Pr

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~95.1% ► Rental Reversions -7.9% for 3Q16 ► Tenancy Expiry Profile ► 24% of Portfolio Tenancy Rental Income Expiries in 2016 ►

  7. Slide 7: Hektar REIT Portfolio - Occupancy

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~95.1% Wetex Parade records 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 As at 31 Dec 31 Dec 30 Sep 31 Dec 31 Dec 31 Dec 31

  8. Slide 8: Rental Reversions -7.9% for 3Q 2016

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions -7.9% for 3Q 2016  Positive reversion recorded at Landmark Central Hektar REIT Rental Reversions: Quarter Third Quarter No. of New % Subang Parade : (3 months) Tenancies / NLA % of Increase / (Decrease) Over Negati

  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 Sep 2016 Subang Parade No. of NLA of Tenancies NLA of Tenancies For Year Ending Tenancies Expiring Expiring as % of Total % of Total Monthly 35% 39% 38% 29% 22% 31 December

  10. Slide 10: Tenancy Portfolio Expiry Profile 2016 – 2019

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2016 – 2019  FY2016 - 80 tenancy expiries account for approximately 24% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 30 September 2016 Portfolio No. of

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results 3Q2016 Gross Revenue down 1.7%; NPI down 3.4% from preceding year ► 3Q2016 Net Income (Realised) down 6.6% from preceding year ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 3Q2016 Net Income down 6.6% vs corresponding quarter 3Q2015 Income Statement 3Q16 3Q15 Variance Third Quarter 2016 (Unaudited) (RM '000) (RM '000) (%) Revenue 30,860 31,390 - 1.7% Direct Cost & Property Expenses (12,819) (12,715) + 0.8

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

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative For Period 1 January – 31 December 2016 (versus previous comparable period) Income Statement 9M16 9M15 Variance Year-To-Date (Unaudited) (RM '000) (RM '000) (%) Revenue 93,404 93,581 - 0.2% Direct Cost & Property Expenses (37,798)

  14. Slide 14: Balance Sheet

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 3Q2016 Balance Sheet As at 30.9.2016 As at 31.12.2015 (Unaudited) (RM '000) (RM '000) Non-Current Assets Unit Price Statistics Investment Properties 1,086,910 1,086,580 As at 30 September 2016 Capital Work in Progress 2,229 335

  15. Slide 15: Debt Profile

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for 3Q 2016 Debt Expiry Profile As at 30 Sep 2016 Debt Information 600 As at 30 Sep 2016 550 500  Total Debt: RM million RM508 million 450 400  Weighted Cost of Debt: 4.8% 350 300  Gearing Ratio1: 45.1% 250 200 150  Interest Cover2: 2.80 100 50

  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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