Slide 1: Q2-16 Results
Q2-16 Results
Slide 2: Speakers
Speakers Mr. Vieujot is the Chairman of the Equitativa Real Estate. He is also co-founder and Executive Deputy Chairman of the REIT Manager. Mr. Vieujot moved to Dubai in 2005 and co-founded Equitativa Real Estate. In 2007, he transferred the holding company of “Societe de la Tour Eiffel” - the firs
Slide 3: Agenda
AGENDA Portfolio Overview Q2 Main Events Financial Highlights Key Figures Questions & Answers
Slide 4: Portfolio Overview
Portfolio Overview Portfolio Overview Q2 Main Events Financial Highlights Key Figures Questions & Answers
Slide 5: Snapshot
Snapshot Portfolio Value USD 722 mn | AED 2.7 bn Net Asset Value USD 469 mn | AED 1.7 bn USD 1.57 per share Trident Grand - Retail Building 24 The Loft LoftOffices Offices 1 2 3 O ffice Park Indigo 7 GWAD J ebel Ali School Index IndexTower Tower R O P Properties Total 8 A RA BIA N GULF A RA BIA N GU
Slide 6: Portfolio Overview: Income Split, Value per Property
Portfolio Overview Income Split Value per Property PAGE 6
Slide 7: Portfolio Overview: Annualized Rent, Occupancy
Portfolio Overview Annualized Rent Occupancy Index Tower Grande Retail Offices 20% Shops 89% Car Park 4% Terraces 49% Tecom Buildings Internet City #24 & Office Park Tenant replacement – Increased passing rent Loft Offices Some tenants vacated – under replacement with increased passing rent PAGE 7
Slide 8: Q2 Main Events
Q2 Main Events Portfolio Overview Q2 Main Events Financial Highlights Key Figures Questions & Answers
Slide 9: Index Tower
Index Tower Offices Occupancy 20% of offices leased Expecting a slow-down for Q3 2016 (summer months) Fit-out Two new floors under fit-out, planned to be handed over in September No further fitting-out planned until those floors are under leasing Retail Remodelling Intermediary step until certainty
Slide 10: Jebel Ali School
Jebel Ali School Updates Completion Certificate of Completion to be issued before end August 16 Operations Primary school moving in now PAGE 10
Slide 11: Financial Highlights
Financial Highlights Portfolio Overview Q2 Main Events Financial Highlights Key Figures Questions & Answers
Slide 12: Income and Earnings - Unaudited
Income and Earnings - Unaudited Six months ended USD millions 30 Jun 16 30 Jun 15 Change Rental Income 20.9 16.3 +28.3% Service fee & other income 2.7 2.8 -3.0% Property Income 23.6 19.1 +23.6% Net Rental Income 16.4 13.1 +25.2% Revaluation Gains 18.8 31.5 -40.3% Net Property Income 35.2 44.7 -21.3%
Slide 13: Balance Sheet
Balance Sheet USD millions 30 Jun 16 31 Dec 15 Change 30 Jun 15 Change Investment Property 722.0 673.2 +7.2% 614.9 +17.4% Total Assets 765.5 741.3 +3.3% 625.9 +22.3% Equity 469.4 469.6 -0.0% 443.2 +5.9% Liabilities 296.1 271.8 +8.9% 182.7 +62.1% NAV per share in USD 1.57 1.57 +0.0% 1.48 +6.1% LTV 35
Slide 14: Key Figures
Key Figures Portfolio Overview Q2 Main Events Financial Highlights Key Figures Questions & Answers
Slide 15: Key Figures as at June 2016
Key Figures as at 30 June 2016 +11% Net Asset Value +17% Portfolio Value Year-on-year increase, including dividend, to Year-on-year increase to USD 722 mn USD 1.57 per share or USD 469.4 mn (AED (AED 2.7 bn) from USD 615 mn due to 1.7 bn) with a USD 0.08 total dividend paid increase in occupancy and
Slide 16: Questions & Answers
Questions & Answers Portfolio Overview Q2 Main Events Financial Highlights Key Figures Questions & Answers
Slide 17: Questions & Answers
Questions & Answers First development completed Conversion from valuation gains into strong rental growth & FFO USD 215 million of acquisition headroom
Slide 18: Thank You
Thank You For further information Website www.reit.ae Investor Relations Magali Mouquet Tel +971 4 405 73 48 Email ir@reit.ae
Slide 19: Disclaimer
Disclaimer This presentation has been prepared by Emirates REIT Management (Private) Limited as the Manager of Emirates REIT (CEIC) Limited. Whilst every care has been taken in relation to the accuracy, no warranty is given or implied. The information provided is not investment advice and recipients