Slide 1: Conference Call 1st quarter 2017
Conference Call 1st quarter 2017 Dr. Rüdiger Mrotzek Hans Richard Schmitz Dr. Rüdiger Mrotzek Hans Richard Schmitz 9 May 2017
Slide 2: First quarter 2017 Highlights
First quarter 2017 Highlights Berlin Positive operational business development ▪ 20.3 % increase in rents ▪ Vacancy rate 1.3 % (1.6 % excl. rent guarantees) Solid financial structure ▪ REIT equity ratio 62.6 % ▪ LTV 35.1 % Positive outlook for full year 2017 ▪ Rents: + 16-18 % ▪ FFO: € 43 – 44 milli
Slide 3: Significant key figures for the first quarter 2017
Significant key figures for the first quarter 2017 Key figures 31 Mar 2017 31 Mar 2016 Change Income from rents and leases € 17.6 million € 14.7 million + 20.3 % Operating result € 7.7 million € 7.0 million + 8.8 % Profit for the period € 4.4 million € 6.1 million - 28.0 % Funds from operations € 10
Slide 4: Long-term leases: Leasing contracts expire well distributed
Long-term leases Leasing contracts expire well distributed Weighted average lease expiry by type (as of 31 March 2017, in years) 8.7 6.6 5.1 5.1 Office Highstreet lage-scale retail Total Split of lease contracts expiring by year (as of 31 March 2017) 34% 2% 10% 12% 8% 9% 7% 9% 9% 2017 2018 2019 2020
Slide 5: TOP 10 tenants: Solid tenants
TOP 10 tenants Solid tenants Top 10 tenants (as of 31 March 2017, % of annual rent) Tenant Sector % of annual rent* EDEKA-Group Discount food retail 10.7% Kaufland Group Discount food retail 7.8% real,- Discount food retail 6.2% OBI Retail (DIY) 5.9% Jobcenter Government Agency 3.8% NetCologne Telec
Slide 6: Development of net rental income
Development of net rental income Income from passed-on Real estate Maintenance incidental costs operating of property to tenants expenses and building +13.0 % Income from Maintenance Real estate passed-on 2,708 T€ of property operating incidental costs -4,231 T€ and building expenses to tenants -764
Slide 7: Profit and loss account according to IFRS
Profit and loss account according to IFRS in € thousand 31 Mar 2017 31 Mar 2016 Net rental income 15,361 13,589 Administrative expenses -344 -312 Personnel expenses -1,054 -901 Depreciations -6,736 -5,357 Other operating income 783 379 Other operating expenses -346 -352 Operating result 7,664 7,046
Slide 8: Funds from Operations
Funds from Operations in € thousand 31 Mar 2017 31 Mar 2016 FFO Net rental income 15,361 13,589 in € thousand - Administrative expenses -344 -312 + 19.9 % - Personnel expenses -1,054 -901 10,822 + Other operating income 783 379 - Other operating expenses -346 -352 9,023 + Interest Income 20 1 - Inte
Slide 9: Investments
Investments Investments Q1 2017 Aachen Cologne Hallstadt/Bamberg Berlin-Marzahn „O3“ „market Oberfranken“ „Kaufland“ Purchase price: € 48.9 million Purchase price(1): € 43.7 million Purchase price: € 16.2 million Gross initial yield: 5.6% Gross initial yield: 5.7% Gross initial yield: 5.3% Transfer
Slide 10: Divestments
Divestments Divestment in Q1 2017 Recent divestment Undeveloped Land Duisburg Forest and agricultural plots „Kasslerfelder Kreisel“ Selling price: € 0.347 million Selling price: € 9.5 million Book value as of 31 Dec 2016: € 0.016 million Fair value as of 31 Dec 2015: € 9.2 million Transfer of posses
Slide 11: Development of HAMBORNERs portfolio value
Development of HAMBORNERs portfolio value Portfolio value € 1,288 million Portfolio value € 1,224 million Portfolio value € 1,115 million Transfer of possession Transfer of possession 2017 Q1 2017 Duisburg (€ -9.5m)(2) Cologne (€ +50.3m)(1) Hanau (€ +37.5m)(2) Bamberg (€ +42.0m)(1) Kiel (€ +20.9m)(2
Slide 12: Net Asset Value (NAV) in accordance with EPRA
Net Asset Value (NAV) in accordance with EPRA Share price 1.75% below NAV (31 March 2017) Share price / NAV NAV according to EPRA 31 Mar 2017 31 Dec 2016 in € million Balance sheet long-term assets 1,025.8 922.8 -1.75 % + Balance sheet short-term assets 24.8 83.9 - Non-current liabilities and provis
Slide 13: Balance Sheet IFRS
Balance Sheet IFRS ASSETS 31 Mar 2017 31 Dec 2016 in € million Non-current assets 1,025.8 922.8 Investment Properties 1,019.0 916.2 Other 6.8 6.6 Current assets 24.8 84.0 Trade receivables and other assets 3.0 1.4 Cash and cash equivalents 14.6 75.4 Non-current assets held for sale 7.2 7.2 Total ass
Slide 14: Stable and predictable cost of debt
Stable and predictable cost of debt Expiration of fixed interest rates (31 March 2017; % of total financial debt) ▪ Financial debt: € 442.6 million Follow-up financing ▪ Liquid funds: € 14.6 million 2017 completed ▪ REIT equity ratio: 62.6 % ▪ LTV: 35.1 % ▪ Average maturity of fixed interest 25% rat
Slide 15: Conclusion and outlook
Conclusion and outlook Conclusion/Summary ▪ Successful first quarter 2017 with positive development of operational business ▪ Vacancy rate: 1.3% ▪ Transfer of possession of three assets in Cologne, Hallstadt/Bamberg and Berlin ▪ Portfolio value: €1.2 billion Forecast 2017 ▪ Rental income: + 16 - 18%
Slide 16: Financial Calendar
Financial Calendar HAMBORNER REIT AG Financial Calendar Interim Report for 1st quarter 2017 9 May 2017 AGM 2017 10 May 2017 Dividend payment 15 May 2017 Interim Report for 1st half 2017 8 August 2017 Interim Report for 3rd quarter 2017 9 November 2017 Annual Report 2017 21 March 2018 Interim Report
Slide 17: 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