Slide 1: Company presentation
Company presentation August 2021 Office property Ingolstadt
Slide 2: Agenda
Agenda 1. HAMBORNER at a glance 2. Portfolio Overview 3. Asset Management 4. Financials 5. ESG Strategy 6. Appendix 2
Slide 3: 1. HAMBORNER at a glance
1. HAMBORNER at a glance Office property ‚Nu-Office‘ Munich
Slide 4: Company profile
Company profile History Company profile ▪ Public commercial property company 1953 Foundation of HAMBORNER ▪ Profitable and diversified German-wide property portfolio Listing on stock exchange ▪ Two-pillar portfolio structure with focus on food-anchored retail and 1954 office properties Clear focus o
Slide 5: The HAMBORNER Share
The HAMBORNER Share The HAMBORNER Share Shareholder structure Current share price €9.28 (as of 30 July 2021) 12.82% RAG Foundation Market capitalisation €755m (as of 30 July 2021) WKN/ISIN A3H2333 / DE000A3H2333 5.31% BlackRock 81,343,348 Ticker symbol HABA shares 4.85% Belfius Insurance Class of sh
Slide 6: 2. Portfolio Overview
2. Portfolio Overview Office property Münster
Slide 7: Portfolio Strategy – Target Structure
Portfolio Strategy – Target Structure Retail Portfolio Office Portfolio ‚Manage-to-Core‘ properties ‚Manage-to-Core‘ properties 10-20% with value-add potential 10-20% with value-add potential Maintaining/extension of solid retail portfolio with 80-90 % Maintaining/extension of 80-90% 80-90% solid of
Slide 8: Portfolio Management Approach
Portfolio Management Approach ▪ Retail Asset classes ▪ Office ▪ Core Risk profile ▪ Manage-to-Core ▪ > €10m (retail) Lot size ▪ > €20m (office) ▪ Focus on core investments ▪ Addition of selected Manage-to-Core properties with larger asset management need (refurbishment, reletting, repositioning etc.
Slide 9: Portfolio Metrics
Portfolio Metrics Portfolio share Retail Office Total Portfolio(1) High-Street Number of properties 43 26 69 8 Fair value €868.1m €681.2m €1,549.4m €105.3m Leased area 399,091 m² 215,596 m² 614,686 m² 49,879 m² Annualized rent €51.1m €33.2m €84.2m €7.4m Annualized rental yield 5.9% 4.9% 5.4% 7.0% EP
Slide 10: Geographical Portfolio Structure
Geographical Portfolio Structure Geographical Focus (Metropolitan Regions) Portfolio by Metropolitan Regions Metropolitan Region Share of portfolio volume 6 1 Rhine-Ruhr 24.5% 10 2 Frankfurt-Rhine-Main 11.8% 9 3 Nuremberg 9.7% 4 4 Berlin-Brandenburg 8.9% 5 Munich 6.1% 1 11 6 Hamburg 5.0% 7 Rhine-Nec
Slide 11: Portfolio development
Portfolio development 2.000 50 Portfolio value and average property value Comments 1,625 ▪ Continuous value-adding portfolio growth since 1,598 1,549 40 conversion into a G-REIT in 2010 1,517 1.500 ▪ Average annual growth rate of 12.4% 1,363 over the last ten years ▪ Average property value of €22.5m
Slide 12: Investments 2021
Investments 2021 Mainz Münster Stuttgart Asset type Office (Single-Tenant) Office (Multi-Tenant) Office (Multi-Tenant) Investment approach ‘Manage-to-Core’ ‘Core’ ‘Manage-to-Core’ Year of construction 1994 2021 1991 Leased area 7,700 m2 6,300 m2 5,930 m2 Remaining lease term 2.7 years(1) 7.5 years(2
Slide 13: Disposals 2021
Disposals 2021 Bad Homburg Bad Homburg Langenfeld Offenburg Asset type High-street High-street High-street retail High-street retail Selling price €11.2m €15.9m €14.8m €8.5m Annual rental income €0.67m €0.82m €1.07m €0.55m WALT 6.6 years(1) 4.2 years(1) 3.7 years(2) 3.7 years(2) Transfer of possessi
Slide 14: Strategic disposal programme | Active portfolio management
Strategic disposal programme | Active portfolio management Disposals since strategy update H1 2020(1) (as of 29 July 2021) Residual High-Street portfolio(2) (as of 29 July 2021) Total Thereof High-Street No. of assets 18 15 Sales volume €151.4m €109.5m Total portfolio €1,549.4m Fair value gain 4.4%
Slide 15: 3. Asset Management
3. Asset Management Retail property ‚Rondo Steinheim‘ Hanau
Slide 16: Tenant base
Tenant base Top-10 tenants (as of 30 June 2021) Sector distribution (as of 30 June 2021) Sector Rent(1) Tenant Sector Rent(1) EDEKA Food retail 11.5% Food 33.6% IT/Communication 9.8% Kaufland Food retail 5.8% DIY 8.6% REWE Food retail 5.7% Finance/Insurance 8.0% Real Food retail 5.7% Textile 7.5% OB
Slide 17: Lease contracts
Lease contracts Weighted average lease expiry (as of 30 June 2021) Letting result (H1 2021) 96,297 m² 7.0 years 6.2 years 55,997 m² 5.1 years 40,300 m² Retail Office Total New lettings Contract extensions Total Lease expiry schedule (as of 30 June 2021; % of annual rents) 7.8% 6.0% 7.0% 2.0% 18.1% 3
Slide 18: Corona update
Corona update Rent collection rates (as of 23 August 2021) 98.8% 97.4% 99.1% 99.6% 95.0% April-June July-December January-May June July 2020 2020 2021 2021 2021 Lockdown Lockdown Despite challenging market conditions high rent collection rates during various lockdown phases Fast re-incent to nor
Slide 19: 4. Financials
4. Financials Office property/Medical center Regensburg
Slide 20: Key figures H1 2021
Key figures H1 2021 Key figures H1 2021 H1 2020 Change Profit and loss statement Income from rents and leases €42.9m €43.9m -2.1% Operating result €19.7m -€0,8m n/a Profit for the period €45.1m -€8.5m n/a Key KPIs Funds from Operations (FFO) €28.4m €27.0m +5.1% Funds from Operations (FFO) per share
Slide 21: Funds from operations (FFO)
Funds from operations (FFO) in k€ H1 2021 H1 2020 Change Comments 1 Income from rents and leases 42,928 43,868 -2.1% ▪1 Decline in rental income mainly due to Income from passed on costs 7,183 6,985 +2.8% property disposals (-€2.1m) and pandemic- related risk provisioning (-€0.5m); Operating expense
Slide 22: EPRA Net Asset Value (NAV) & Net Tangible Assets (NTA)
EPRA Net Asset Value (NAV) & Net Tangible Assets (NTA) in k€ 30 June 2021 31 Dec 2020 Comments 1 Long-term assets 1,148,590 1,200,826 ▪1 Decrease in long-term assets mainly related 2 Short-term assets 155,963 64,958 to property disposals 3 Non-current liabilities and provisions -726,852 -685,431 ▪2
Slide 23: Financial situation
Financial situation Expiration of financial liabilities (as of 30 June 2021) 57.5% REIT Equity ratio Ø Refinancing interest rate 2021: 1.0% 44.6% LTV 1.6% €770.0m Financial liabilities(1) 20.3% 8.1% 12.1% 12.8% 1.71% 10.6% Ø cost of debt(1) 7.8% 8.1% 4.8% 5.7% 2.5% 2.7% 3.0% 5.1 years Ø maturity of
Slide 24: Outlook
Outlook Guidance Update 2021 ▪ Rental income: €82 - 86m €83 - 85m ▪ FFO: €45 - 50m €48 - 50m ▪ NAV per share still expected to reach previous year’s level Financials | 24
Slide 25: 5. ESG Strategy
5. ESG Strategy Office property Neu-Isenburg
Slide 26: Sustainability / ESG Strategy
Sustainability / ESG Strategy Strategic development and guidelines Key Action Areas ▪ Integration of sustainability/ESG criteria into overall strategy ▪ Definition of achievable goals taking into account feasibility and (cost) efficiency ▪ Implementation of strategic sustainability programme ▪ Plann
Slide 27: Strategic sustainability programme (excerpt)
Strategic sustainability programme (excerpt) Corporate Governance and Dialogue Portfolio Quality and Optimisation ▪ Further development of ESG-related governance structures ▪ Systematic review of ESG criteria as part of acquisitions ▪ Expansion of sustainability management and strategic controlling
Slide 28: ESG-Outlook
ESG-Outlook Medium-Term Goals Main topics 2021 ▪ Definition of clear responsibilities in the key action areas Green leases ▪ Intensification of dialogue with tenants (with a focus on recording climate-related Incleased conclusion rate for green leases and environmental data) ▪ Optimization of data m
Slide 29: 6. Appendix
6. Appendix Retail Lengerich
Slide 30: Top-10 properties (1/2)
Top-10 properties (1/2) Munich Cologne Mannheim Berlin Karlsruhe Asset type Office Office Retail Office Retail Year of acquisition 2013 2017 2016 2013 2012 Purchase price €40.1m €48.9m €80.0m €33.0m €37.0m Fair value(1) €79.0m €76.5m €76.4m €70.8m €52.8m Annual rental €2.6m €2.9m €4.2m €2.5m €2.7m i
Slide 31: Top-10 properties (2/2)
Top-10 properties (2/2) Darmstadt Hallstadt Hanau Aachen Celle Asset type Retail/Office Retail Retail Office Retail Year of acquisition 2018 2017 2017 2020 2015 Purchase price €42.8m €41.4m €37.5m €37.4m €35.2m Fair value(1) €45.9m €44.5m €42.4m €40.9m €39.6m Annual rental €2.7m €2.4m €2.0m €2.0m €2
Slide 32: Financial Calendar 2021/2022
Financial Calendar 2021/2022 Interim statement Q3 2021 9 November 2021 Preliminary figures 2021 8 February 2022 Annual report 2021 17 March 2022 Quarterly financial statement Q1 2022 26 April 2022 Annual General Meeting 2022 28 April 2022 Appendix | 32
Slide 33: 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 Public Relations Mail: c.heitmann@hamborner.de Mail: info@ir.hamborner.de Phone: +49 (0)203/54405-32
Slide 34: 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 AG by the