Hektar Real Estate Investment Trust · MYX:HEKTAR
Hektar Real Estate Investment Trust — Q2 2019 Earnings Presentation
26 slides from Hektar Real Estate Investment Trust's earnings presentation, Aug 28, 2019
Slide 1: Hektar Real Estate Investment Trust 2Q 2019 Results Presentation
Creating The Places People Love HEKTAR REAL ESTATE INVESTMENT TRUST 2Q 2019 RESULTS PRESENTATION 28 Aug 2019
Slide 2: Hektar REIT – Malaysia's First Retail-Focused REIT
Hektar REIT – Malaysia’s First Retail-Focused REIT 2 Organisation Diverse Portfolio CORNERSTONE UNITHOLDERS Frasers Centrepoint Strategic Partner MANAGER TRUSTEE Hektar Asset MTrustee Bhd Management Sdn Bhd PROPERTY MANAGER HEKTAR PORTFOLIO Hektar Property Services Sdn Bhd DISCLAIMER: The material t
Slide 3: Hektar REIT Financial Summary
Hektar REIT Financial Summary 3 Second Quarter 2019 (2Q19) April – June 2019 / 3 Months Dividend Per Unit Financial Performance vs. Previous Period 1Q 2019 : 1.93 sen 2Q 2019 : 2.00 sen 2Q19 Gross Revenue: RM34.7 million, +2.6% 3Q 2019 :- 2Q19 Realised Income: RM9.2 million, -10.0% 4Q 2019 :- Net Pr
Slide 4: Dividend Details
Hektar REIT Dividend Details 4 Distribution Details Second Quarter 2019 Distribution Period: 1 April 2019 – 30 June 2019 Quarterly DPU: 2.00 sen Notice of Entitlement: 29 August 2019 Ex-Dividend Date: 12 September 2019 Book Closure Date: 13 September 2019 Payment Date: 3 October 2019
Slide 5: Comparative Yield
Comparative Yield 5 Hektar REIT offers a competitive 7.6% dividend yield for 2Q 2019 Dividend Yield based on annualised average DPU and 2Q 2019 closing price of RM1.03 Dividend Per Unit Comparative Yields 1Q 2019 : 1.93 sen 2Q 2019 : 2.00 sen 3Q 2019 :- 4Q 2019 :- DPU Yield* : 7.6% * Based on DPU
Slide 6: Portfolio Performance
6 Overall Occupancy at ~90.8% ► Rental Reversions -1.6% for 2Q19 ► Expiry Profile: 32% NLA expires in 2019 ► Portfolio Performance
Slide 7: Portfolio Occupancy
Hektar REIT Portfolio Occupancy 7 Average portfolio occupancy steady at 90.8% Portfolio Occupancy 2007-2019 Property '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 2Q19 Subang Parade 93.4% 98.3% 98.5% 99.9% 99.8% 100.0% 94.8% 99.9% 99.8% 100.0% 99.3% 94.7% 93.0% 90.9% 88.2% 86.7% Mahkot
Slide 8: Portfolio Occupancy
Hektar REIT Portfolio Occupancy 8 Subang Parade and Segamat Central occupancy still fluctuating due to Asset Enhancement planning & repositioning Portfolio Average at 90.8% for 2Q 2019
Slide 9: Rental Reversions
Hektar REIT Rental Reversions 9 +53.8% Second Quarter Rental Reversions negative (-1.6%) Positive reversions for all 5 tenants Represented by only 4.5% of NLA Key Renewed/New Tenants: Seleria Food Court, WS Spring, Watsons, Wow Wonderland Box Weighed down by Subang Parade due to Asset Enhanc
Slide 10: Expiry Profile
Hektar REIT Expiry Profile 10 Tenancy Expiry by Property Period End Tenancies Expiring NLA Expiring NLA as % of Monthly June Expiring (sq ft) % of Total NLA Rental Income* 2019 51 138,199 27% 35% 2020 31 86,196 17% 25% 2021 28 210,651 41% 37% 2022 7 8,691 2% 3% Period End Tenancies Expiring NLA Expi
Slide 11: Expiry Profile
Hektar REIT Expiry Profile 11 Tenancy Expiry by Property Period End Tenancies Expiring NLA Expiring NLA as % of Monthly June Expiring (sq ft) % of Total NLA Rental Income* 2019 22 54,626 18% 27% 2020 21 41,231 13% 16% 2021 17 182,610 59% 48% 2022 3 12,825 4% 10% Period End Tenancies Expiring NLA Exp
Slide 12: Expiry Profile
Hektar REIT Expiry Profile 12 Tenancy Expiry for Portfolio 2019-2022 For FY 2019, the total amount of tenancies due for expiry was 181 which represented 644,335 sq. ft. or 32% of Total NLA. For 2Q 2019, a total of 44 tenancies covering 92,272 sq. ft. were renewed, representing 4.5% of Total NLA
Slide 13: Financial Results
13 2Q19 Gross Revenue up 2.6% from preceding period ► 2Q19 NPI down 6.5% from preceding period ► Financing Renewed: 92% of Debt expires in 2024 ► Financial Results
Slide 14: Income Statement: Quarter Comparative
Hektar REIT Income Statement: Quarter Comparative 14 Revenue up by 2.6% in 2Q19 Net Property Income lower by 6.5% Realised Income declined 10% vs previous quarter due to higher interest fees Income Statement 2Q19 2Q18 Variance Second Quarter 2019 (unaudited) (RM '000) (RM '000) (%) Revenue 34,73
Slide 15: Income Statement: Year-To-Date Comparative
Hektar REIT Income Statement: Year-To-Date Comparative 15 For Period 1 January – 30 June 2019 (versus previous comparable period) Income Statement 1H19 1H18 Variance Year-To-Date 2019 (unaudited) (RM '000) (RM '000) (%) Revenue 68,087 67,807 0.4% Direct Cost & Property Expenses (31,264) (28,869) -8.
Slide 16: Balance Sheet
Hektar REIT Balance Sheet 16 Balance Sheet As at 30.6.2019 As at 31.12.2018 Unit Price Statistics (Unaudited) (RM '000) (RM '000) Non-Current Assets As at 30 June 2019 Investment Properties 1,221,500 1,221,500 Plant & Equipment 116 141 No. of Units Outstanding Capital Work in Progress 11,584 6,129 4
Slide 17: Debt Profile
Hektar REIT Debt Profile 17 Debt Summary August 2019 Facilities Amount % Total Facilities: Al-Murabahah, Term Loan (TL), # Facility (RM'000) Debt Security Expiry Cost Short-Term Revolving Credit (STRC) 1 MOD 1 184,000 32.7% Subang Parade Feb-24 4.51% Financier: Maybank 2 MOD 2 150,000 26.6% Mahk
Slide 18: Portfolio Updates
SUBANG’ 6%, MAHKOTA Seer WETEX SZ CENTRAL , Soreiwn PARADE 2S PARADE SPARADE aN SQUARE GEN ME signer ' Ws Our Pac — eo I's Our Place!
Slide 19: Portfolio Updates: New & Refurbished Tenants
Hektar REIT Portfolio Updates 19 New & Refurbished Tenants
Slide 20: Portfolio Updates: New & Refurbished Tenants
Hektar REIT Portfolio Updates 20 New & Refurbished Tenants
Slide 21: Portfolio Updates: New & Refurbished Tenants
Hektar REIT Portfolio Updates 21 New & Refurbished Tenants
Slide 22: Portfolio Updates: New & Refurbished Tenants
Hektar REIT Portfolio Updates 22 New & Refurbished Tenants
Slide 23: Portfolio Updates: New & Refurbished Tenants
Hektar REIT Portfolio Updates 23 New & Refurbished Tenants
Slide 24: Parkson @ Subang Parade: To Refurbish in 2020
Parkson @ Subang Parade: To Refurbish in 2020 24 Pictures for illustrative purposes Concept to be finalised
Slide 25: Awards
Hektar Awards 25 Hektar Honoured at Multiple Awards in 2019 Hektar REIT scored bronze at 11th Annual Global CSR Summit & Awards 2019 • Best Environmental Excellence Category Hektar Property Services honoured at CSR Malaysia Awards 2019 • Company of the Year Award for Property Management Category
Slide 26: Investor Communications
Creating The Places People Love Investor Communications 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 Email: ir@HektarREIT.com
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