Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q2 2014 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, Aug 14, 2014

  1. Slide 1: Second Quarter 2014 Financial Results Presentation

    SECOND QUARTER 2014 FINANCIAL RESULTS PRESENTATION 14 AUGUST 2014 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 Second Quarter FY2014

    PRIVATE & CONFIDENTIAL 3 Financial Summary Second Quarter FY 2014 1 April 2014 – 30 June 2014 Commentary  2Q2014 Interim Distribution Per Unit: 2.6 sen  Seven Years Track Record of Positive Results Operational & Financial Performance (Second Quarter) Distribution and Yield  Portfolio Occupancy: ~

  4. Slide 4: Distribution Details

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Positive Growth Since IPO Current Distribution Details Hektar REIT Second Quarter 2014 Distribution Policy Barring unforeseen circumstances, Hektar  Distribution Period: 1 Apr 2014 – 30 Jun 2014 REIT will pay distributions equival

  5. Slide 5: Comparative Yields - Malaysia

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Distribution Yield at approximately 6.9%  Traded at a 271 bps spread over MGS 10-year  Unit Price increased by 0.7% since beginning of the year Hektar REIT Unit Price Change Hektar REIT Comparative Yields 2Q2014 (6 months) Unit Pri

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~94.4% ► Rental Reversions +6.2% for 2Q14 ► Tenancy Expiry Profile ► 33% of Portfolio Tenancy Rental Income Expires in 2015 ►

  7. Slide 7: Hektar REIT Portfolio - Occupancy

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~94.4% 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 31 Dec 31 Dec 30 Sep 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Mar 30 Jun Property 2004 2

  8. Slide 8: Hektar REIT Portfolio – Rental Reversions

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions +6.2% for 2Q 2014  Tenant remixing exercise at Kedah Malls with high reversion rates. Hektar REIT Rental Reversions: Quarter Second Quarter No. of New % (3 months) Tenancies / NLA % of Increase / (Decrease) Over (E

  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 June 2014 Subang Parade No. of NLA of Tenancies NLA of Tenancies % of Total 43% For Year Ending Tenancies Expiring Expiring as % of Monthly Rental 32% 29% 23% 26% 31 Decemb

  10. Slide 10: Tenancy Portfolio Expiry Profile 2014 – 2017

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2014 – 2017  FY2015 - 148 tenancy expiries account for approximately 33% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 30 June 2014 Portfolio No. of NLA

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results 2Q2014 Gross Revenue up 1.8%; NPI up 4.2% from preceding year ► 2Q2014 Net Income (Realised) up 6.1% from preceding year ► Hektar REIT Average Cost of Debt at 4.5% ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 2Q2014 Net Income (Realised) up 4.2% vs corresponding quarter 2Q2013 Income Statement 2Q14 2Q13 Variance Second Quarter 2014 (Unaudited) (RM '000) (RM '000) (%) Revenue 30,194 29,657 + 1.8% Direct Cost & Property Expenses (11,575) (11,

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

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative For Period 1 January – 30 June 2014 (versus previous comparable period) Income Statement 1H14 1H13 Variance Year-To-Date (Unaudited) (RM '000) (RM '000) (%) Revenue 60,371 59,735 + 1.1% Direct Cost & Property Expenses (24,149) (23

  14. Slide 14: Hektar REIT's Balance Sheet for 2Q2014

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 2Q2014 Balance Sheet As at 30.6.2014 As at 31.12.2013 Unit Price Statistics (Unaudited) (RM '000) (RM '000) As at 30 June 2014 Non-Current Assets Investment Properties 1,047,280 1,047,280 No. of Units Outstanding Capital Work in

  15. Slide 15: Debt Profile

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for 2Q 2014 Debt Expiry Profile As at 30 June 2014 Debt Information 500 As at 30 June 2014 450 RM million 400 350  Total Debt: RM436 million 300 250  Weighted Cost of Debt: 4.5% 200 150  Gearing Ratio1: 40.7% 100  Interest Cover2: 3.37 50 0 FY2

  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

Hektar Real Estate Investment Trust — Q2 2014 Earnings Presentation on 6ix