Slide 1: Conference Call Preliminary Figures 2017
Conference Call Preliminary Figures 2017 Dr. Rüdiger Mrotzek Hans Richard Schmitz 8 February 2018
Slide 2: Strong financial fiscal year 2017 Highlights
Strong financial fiscal year 2017 Highlights ▪ Increase in income from rents and leases: + 19.8% ▪ FFO increase: + 24.0% ▪ FFO per share: € 0.56 ▪ Acquisition of seven assets for a total volume of € 214.5 million ▪ Divestment of two non-strategic assets (Selling price € 14.0 million) ▪ Total portfol
Slide 3: Increase in rents and low vacancy rate
Increase in rents and low vacancy rate Income from rents and leases € 74.1m +19.8 % € 61.8m → Total rents: + 19.8 % → Rents (lfl): unchanged → Vacancy Rate: 1.4 % (incl. rent guarantees) 2016: 1.3 % (incl. rent guarantees) 2016 2017 preliminary Conference Call – Preliminary Figures 2017 3
Slide 4: Funds from Operations
Funds from Operations Funds from Operations (FFO) € 44.7m +24.0 % € 36.1m → FFO: + 24.0 % → FFO per share: € 0.56 2016 2017 preliminary Conference Call – Preliminary Figures 2017 4
Slide 5: Investments 2017
Investments 2017 Cologne „O3“ Hallstadt „market Oberfranken“ Purchase price: € 48.9 million Purchase price(1): € 40.4 million Gross initial yield: 5.7% Gross initial yield: 5.6% Transfer of possession: 2 Jan 2017 Transfer of possession: 23 Mar 2017 Berlin-Marzahn „Kaufland“ Ratingen Purchase price:
Slide 6: Investments 2017
Investments 2017 Hanau „Rondo Steinheim“ Kiel Purchase price: € 37.5 million Purchase price: € 22.2 million Gross initial yield: 5.4% Gross initial yield: 5.4% Transfer of possession: 17 Aug 2017 Transfer of possession: 2 Nov 2017 Passau „Neustiftcenter“ Purchase price: € 14.9 million Gross initial
Slide 7: Divestments 2017
Divestments 2017 Duisburg „Kasslerfelder Kreisel“ Minden Selling price: € 9.5 million Selling price: € 4.5 million Fair value as of 31 Dec 2015: € 9.2 million Fair value as of 31 Dec 2016: € 4.5 million Book value as of 31 Dec 2016: € 7.2 million Book value as of 31 Dec 2016: € 3.9 million Transfer
Slide 8: Portfolio development 2017
Portfolio development 2017 Acquisitions 2017 Sales 2017 Like-for-like portfolio Portfolio value € 1,362.6m Portfolio value € 1,115.0m Purchase prices Capex Revaluation Sales Capex Revaluation + € 214.5m + € 1.0m + € 12.1m - € 14.0m + € 1.9m + € 32.1m 31 Dec 2016 31 Dec 2017 Conference Call – Prelimi
Slide 9: Benefitting from economies of scale
Benefitting from economies of scale Portfolio value (€ million) and overhead cost margin* 1400 1,363 25% 1200 1,115 2006 20% 22.2 % 1000 900 15% 800 717 692 580 600 504 10% 376 400 281 308 273 2017 7.7 % 5% 186 200 0 0% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Portfolio value Over
Slide 10: NAV per share
NAV per share € 10.15 € 9.64 +5.3 % € 9.11 +17.1 % € 8.67 31 Dec 31 Dec 31 Dec 31 Dec 2014 2015 2016 2017 45,493,333 62,002,613 79,717,645 79,717,645 shares shares shares shares Portfolio growth, FFO growth and revaluation were NAV-accretive on per share basis Conference Call – Preliminary Figures 2
Slide 11: Preliminary key figures 2017
Preliminary key figures 2017 Other selected key figures 31 Dec 2017 31 Dec 2016 EBIT € 32.5 million € 31.7 million Profit for the period € 17.7 million € 17.4 million REIT equity ratio 59.0 % 67.8 % Loan to value (LTV) 39.6 % 30.1 % Dividend Dividend proposal € 0.45 Annual general meeting 26 April 2
Slide 12: Summary
Summary ▪ Successful business development continued in 2017 ▪ Positive changes in all key figures ▪ Rents with a plus of 20% and FFO with €44.7m in range of our last forecast ▪ FFO per share on its highest ever level at €0.56 ▪ Dividend increase of 2 cents to 45 cents ▪ Dividend yield of 4.5% based
Slide 13: Outlook
Outlook Düsseldorf Cologne Bonn Built 1980 (Modernized 2011) 2009 2008 Main tenants EDEKA EDEKA, ALDI, dm, Sparkasse EDEKA Leased area 5,343 m2 6,533 m2 4,934 m2 Annual rental income 0.6 million € 1.0 million € 0.8 million Remaining lease term 10.0 years(1) 8.1 years(1) 10.0 years(1) Gross initial y
Slide 14: Contact
Contact Dr. Rüdiger Mrotzek – Member of the Board T +49 (0)203 / 54405-55 M r.mrotzek@hamborner.de Hans Richard Schmitz – Member of the Board T +49 (0)203 / 54405-21 M h.schmitz@hamborner.de Christoph Heitmann – Investor Relations T +49 (0)203 / 54405-32 M c.heitmann@hamborner.de Conference Call – P
Slide 15: 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