Slide 1: Conference Call Annual results 2020
Conference Call Annual results 2020 22 March 2021
Slide 2: Highlights 2020
Highlights 2020 ▪ High stability of business model setting the stage for further growth in revenues and earnings ▪ Despite a challenging economic environment, targets for revenue (+3.6%) and FFO (+2.4%) Solid operational achieved or even outperformed business ▪ Execution of value enhancing investmen
Slide 3: Key Figures as of 31 December 2020
Key Figures as of 31 December 2020 Key figures 2020 2019 Change Profit and loss statement Income from rents and leases €88.2m €85.2m +3.6% Change of rents (like for like) -0.6% -0.1% Operating result €-0.9m €33.3m n/a Profit for the period €-9.3m €17.9m n/a Key KPIs Funds from Operations (FFO) €55.6
Slide 4: Portfolio key metrics as of 31 December 2020
Portfolio key metrics as of 31 December 2020 Portfolio share Retail Office Total Portfolio High-Street Fair value €939.8m €685.0m €1,624.8m €170.8m Number of properties 54 26 80 18(1) Leased area 433,400m² 207,800m² 641,200m² 69,500m² Annualized rent €55.8m €32.9m €88.7m €11.8m Annualized rental yie
Slide 5: Investments 2020
Investments 2020 Neu-Isenburg Bonn Aachen Dietzenbach Siemensstraße Soenneckenstraße Gut-Dämme-Straße Masayaplatz Asset type Office Office Office Retail Year of construction 2019 2019/2020 2019/2020 2011 Main tenants UBL, Köster Barmer, Bonnfinanz Barmer, AOK tegut, LIDL, dm Leased area 4,500 m2 6,2
Slide 6: Disposals 2020 & Q1 2021
Disposals 2020 & Q1 2021 2020 Q1 2021 Number of properties 11 2 Asset type High-Street High-Street Selling price €59.1m €27.1m Contribution to earnings €23.8m €7.4m Annual rental income €3.9m €1.4m Ø Remaining lease term(1) 2.6 years 5.2 years Transfer of possession Q3 2020 – Q1 2021 Q2 2021 (1) As
Slide 7: Portfolio development
Portfolio development Portfolio development 2020 (€m) Acquisitions 2020 Disposals 2020 Like for like-Portfolio Comments Portfolio value Portfolio value €1,624.8m €1,598.1m ▪ Main driver for growth in property Acquisitions Revaluations Disposals Capex Revaluation value is the acquisition of four +€94
Slide 8: Lease Contracts
Lease Contracts Weighted average lease expiry Letting result (as of 31 December 2020; in years) (Financial year 2020; in m²) 102.133 85.651 7.1 5.0 6.3 16.482 Retail Office Total New lettings Contract extensions Total Lease expiry schedule (as of 31 December 2020; % of annual rents) 20,0% 5.1% 15,0%
Slide 9: Tenant base
Tenant base Top-10 tenants (as of 31 December 2020) Sector distribution (as of 31 December 2020) Tenant Sector Rent(1) Sector Rent(1) EDEKA Food retail 11.6% Food 32.8 % Kaufland Food retail 5.4% IT/Communication 9.8% REWE Food retail 5.3% Textile 8.4% DIY 8.0% Real Food retail 5.2% Finance/Insuranc
Slide 10: Corona Update
Corona Update Rent collection rates(1) (as of 19 March 2021) 98.8% 95.1% 94.1% 95.4% 94.2% Apr-Jun Jul-Dec Jan Feb March 2020 2020 2021 2021 2021 Lockdown/ Lockdown Lockdown Lockdown legal moratorium (1) Incl. incidental rental costs and VAT ▪ Despite challenging market conditions, high rent collect
Slide 11: Corona Update
Corona Update Average lease extension (in months)(1)(2) Comments ▪ Limited rent deferrals of €0.4m(1)) (0.4% of annualized rents) and reductions/waivers of €0.7m(1) (0.8% of annualized rents) 19 ▪ HAMBORNER’s active asset 17 management resulting in successful extensions of lease agreements 6 ▪ Early
Slide 12: Funds from Operations (FFO)
Funds from Operations (FFO) In T€ 2020 2019 Change Comments 1 Income from rents and leases 88,193 85,165 +3.6% ▪1 Increase primarily attributable to new acquisitions and rent increases Income from passed on costs 14,145 14,140 +0.0% 2▪ Personnel expenses up 9.0% Operating expenses -18,605 -17,419 +6
Slide 13: EPRA Net Asset Value (NAV) & Net Tangible Assets (NTA)
EPRA Net Asset Value (NAV) & Net Tangible Assets (NTA) In T€ 31.12.2020 31.12.2019 Comments 1 Long-term assets 1,200,826 1,223,990 1▪ Decrease in long-term assets (incl. 2 Short-term assets +64,958 +10,687 hidden reserves) mainly related to – like for like – negative revaluation 3 Non-current liabil
Slide 14: Financial situation
Financial situation Expiration of financial liabilities (as of 31 December 2020) 54.5 % REIT Equity ratio Ø Refinancing interest rate 2021: 1.1% 44.5 % LTV €770.5m 1.6% Financial liabilities(1) 20.7% 8.1% 13.0% 1.83 % 12.2% Ø cost of debt(1) 10.8% 9.2% 8.2% 7.9% 2.5% 2.8% 3.0% 5.0 years Ø maturity o
Slide 15: Guidance and outlook
Guidance and outlook Dividend ▪ Maintaining reliable and attractive dividend policy ▪ Dividend proposal for FY 2020 of €0.47 per share ▪ Intended offer of scrip dividend Guidance 2021 ▪ Rental income: €82 - 86m ▪ FFO: €45 - 50m ▪ NAV expected to reach previous year’s level ▪ Forecast allows for unce
Slide 16: Appendix: Financial Calendar 2021
Appendix HAMBORNER REIT AG – Financial Calendar 2021 Annual report 2020 22 March 2021 Interim statement Q1 2021 27 April 2021 Annual General Meeting 2021 29 April 2021 Half-year financial report H1 2021 29 July 2021 Interim statement Q3 2021 9 November 2021 Conference Call | Annual Results 2020 16
Slide 17: 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 & Public Relations Web: www.hamborner.de https://www.linkedin.com/ Mail: c.heitmann@hamborner.de company/5602825 Phone: +49
Slide 18: Disclaimer
Disclaimer This presentation was exclusively prepared for the addresses specified on the title page and/or the participants at the mentioned event. The information in this presentation is based on both public information and documents as well as information which was made available to HAMBORNER REIT