Slide 1: Conference Call H1 2022
Conference Call H1 2022 Niclas Karoff Hans Richard Schmitz 9 August 2022 Büroobjekt ‚EUREF-Campus‘ Berlin
Slide 2: Key figures H1 2022
Key figures H1 2022 €41.9m €24.2m €0.30 €11.91 Rental income FFO FFO per share NAV per share 58.7% 41.8% 9.9x 2.4% REIT equity ratio LTV Net debt/EBITDA(1) EPRA vacancy rate (1) Net financial debt (average last five quarters) in relation to EBITDA adjusted by result from sales (Last twelve month) 2
Slide 3: Portfolio key metrics as of 30 June 2022
Portfolio key metrics as of 30 June 2022 Asset class Total Portfolio Investment approach Retail Office Split Core % Manage-to-Core(1) % Number of properties 39 28 67 64 95.5% 3 4.5% Fair Value €891.3m €749.0m €1,640.4m €1,567.5m 95.6% €72.9m 4.4% Leased area 382,512 m² 229,594 m² 612,106 m² 584,960
Slide 4: Portfolio development – year-on-year / like for like
Portfolio development – year-on-year / like for like(1) Asset class Total Portfolio Investment approach Retail Office Split Core Manage-to-Core(2) Rents -1.4%-pts +4.4%-pts +1.1%-pts +1.0%-pts +3.9%-pts Indexation effects +3.5%-pts +3.8%-pts +3.6%-pts +3.6%-pts +3.4%-pts (Re-)Lettings -3,4%-pts +1.2
Slide 5: Transactions H1 2022
Transactions H1 2022 Acquisitions Disposals Freiburg Kempten Gütersloh Asset type High-Street Retail Selling price €2.1m Latest fair value €2.0m WALT 3.3 years(2) Transfer of possession 31 July 2022 Asset type Retail Retail Herford Investment approach Core Core Year of construction 2018 2011 Leased
Slide 6: Portfolio improvements
Portfolio improvements Implementation of adjusted strategy ▪ 23 disposals since strategy update in 2020 ▪ Total sales volume of €200m with 3.4% premium to latest fair values ▪ Strategic disposal of high-street assets up for short-term sale successfully completed ▪ Reduction of Ø age of assets (-32%)
Slide 7: Funds from operations (FFO)
Funds from operations (FFO) in k€ H1 2022 H1 2021 Change Comments 1 Income from rents and leases 41,878 42,928 -2.4% ▪1 Decline in rental income mainly due to Income from passed on costs 7,005 7,183 -2.5% property disposals (€-3.8m). Rent decrease partly offset by portfolio Operating expenses -9,766
Slide 8: EPRA NAV & NTA
EPRA NAV & NTA NAV Development H1 2022 €984.9m -€38.2m €24.2m -€1.1m -€1.3m €968.5m -€0.5m €968.0m NAV Dividend FFO Acquisitions(1) Other NAV Intangible NTA 31 Dec 2021 Effects 30 June 2022 Assets 30 June 2022 NAV p/s NAV p/s NTA p/s -1.7% €12.11 €11.91 €11.90 (1) Resulting from incidental acquisiti
Slide 9: Lease contracts
Lease contracts Weighted average lease expiry (as of 30 June 2022) Letting result H1 2022 44,054m² 28,784m² 56% 7.9 years 48% 6.6 years 15,270m² 5.0 years 70% 44% 52% 30% Retail Office Total New lettings Contract extensions Total Retail Office Lease expiry schedule (as of 30 June 2022; in % of annua
Slide 10: Tenant base
Tenant base Top-10 tenants (as of 30 June 2022) Sector distribution (as of 30 June 2022) Tenant Sector Rent(1) Sector Rent(1) EDEKA Food retail 11.9% Food 32.3% Kaufland Food retail 7.4% DIY 11.5% REWE Food retail 6.9% IT/Communication 10.7% OBI DIY 6.8% Finance/Insurance 8.3% Globus DIY / Food reta
Slide 11: Financial situation
Financial situation Expiration of financial liabilities (as (asofof30 31June December 2022) 2021) 58.7% REIT Equity ratio Refinancing 2022 completed Ø interest rate: 1.7% 41.8% Ø maturity: 6.3 years LTV 9.9x Net debt/EBITDA(1) 4.7x 1.7% 20.3% EBITDA/Interest coverage 8.5% 13.1% 9.9% 10.8% €737.0m 7.
Slide 12: Outlook: Guidance update 2022
Outlook Guidance update 2022 €84.0 – 85.0m €47.0m – €49.0m ~Previous year‘s level Rental income FFO NAV per share Major influencing factors ▪ Positive effects from regular indexations ▪ Delayed transaction activity due to current market environment ▪ Trailing impact from reletting of REAL markets wi
Slide 13: Financial Calendar 2022/2023
Financial Calendar 2022/2023 Quarterly financial statement Q3 2022 10 November 2022 Preliminary figures 2022 9 February 2023 Annual report 2022 16 March 2023 Quarterly financial statement Q1 2023 25 April 2023 Annual General Meeting 2023 27 April 2023 13
Slide 14: Contact
Contact Niclas Karoff Hans Richard Schmitz CEO COO/CFO Mail: n.karoff@hamborner.de Mail: h.schmitz@hamborner.de Christoph Heitmann HAMBORNER REIT AG Head of Investor Relations & Web: www.hamborner.de/en Public Relations Mail: c.heitmann@hamborner.de Mail: info@ir.hamborner.de Phone: +49 (0)203/54405
Slide 15: 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