Defama Deutsche Fachmarkt Ag · XETR:DEF

Defama Deutsche Fachmarkt — Investor Presentation (August 2018)

22 slides from Defama Deutsche Fachmarkt's investor presentation, August 2018

  1. Slide 1: Company Presentation

    Company Presentation DEFAMA Deutsche Fachmarkt AG August 2018

  2. Slide 2: Equity Story

    EQUITY STORY DEFAMA invests in: • Well‐established retail parks and small shopping centres • With at least two chain stores with strong solvency as (anchor) tenants • Without larger vacancies and/or investment needs • Purchase for maximum 9 times annual net rent • Purchase price per property usually

  3. Slide 3: Equity Story: Three good reasons for our strategy

    EQUITY STORY Three good reasons why we pursue this strategy: Property size usually Too small for most Favourable prices due to lack of between €1m and €5m institutional investors competition on the buyer’s side Focus on typical local No issues with Sustainable rentability shopping centres e‐commerce

  4. Slide 4: Management

    MANAGEMENT Matthias Schrade Dr. Carsten Müller Member of the Member of the Management Board Management Board • Many years of experience as a financial • For decades working as an architect, property analyst and entrepreneur manager, project manager and entrepreneur • Excellent network in the areas o

  5. Slide 5: Management: Supervisory Board

    MANAGEMENT Supervisory Board Peter Schropp (Chairman) • Until 9/2014 Member of the Management Board of VIB Vermögen AG responsible for Real Estate • Significantly involved in the expansion of the portfolio to just under €1bn • Great financing know‐how as a trained banker Ulrich Rücker (Deputy Chairm

  6. Slide 6: Group Structure

    GROUP STRUCTURE • Acquisition and financing always in object subsidiaries • DEFAMA AG as a holding company provides the equity required for the acquisitions • 26 real estate acquisitions so far DEFAMA Deutsche Fachmarkt AG 100% 100% 100% 100% 100% 100% 100% 100% 94% 100% DEFAMA Verwal‐ tungs GmbH DE

  7. Slide 7: Portfolio

    PORTFOLIO Key Figures (as of 31 July 2018) Staßfurt, Saxony‐Anhalt Construction year: 1998 / 2000 Plot size: 10.187 m² Mylau, Saxony Locations 26 Lettable space: Renting quote: 3.307 m² 95% Construction year: Plot size: 1992 8.567 m² Biggest Tenants: Lettable space: 2.249 m² ALDI, Miller & Monroe, A

  8. Slide 8: Portfolio: Largest Tenants and Net Rent by Industry

    PORTFOLIO Largest Tenants Share Net Rent by Industry REWE/Penny/Sky 12.0 % EDEKA/Netto 8.5 % toom DIY stores 7.2 % NORMA 5.8 % Aldi Nord 4.0 % Tengelmann Group 4.9 % LIDL 3.4 % Dän. Bettenlager 3.2 % Deichmann 3.0 % Hoffmann Beverages 2.9 % Company Presentation DEFAMA Deutsche Fachmarkt AG 8

  9. Slide 9: Portfolio: Local Supply Centre Hamm

    PORTFOLIO Local Supply Centre Hamm  Construction Year: 1998  Plot Size: 5,572 sqm  Lettable Space: 3,190 sqm  Occupancy Rate: 97%  Purchase Price: €3.1m  Annual Net Rent (fully let): €330k  Acquisition for 9.4 times annual net rent  Key Tenants are Penny, a gym and Workers‘ Samaritan Foundat

  10. Slide 10: Portfolio: Retail Park Mylau

    PORTFOLIO Retail Park Mylau  Construction Year: 1992  Plot Size: 8,567 sqm  Lettable Space: 2,249 sqm  Occupancy Rate: 96%  Purchase Price: €1.5m  Annual Net Rent (fully let): €170k  Acquisition for 9 times annual net rent  Key Tenants are Edeka, Deichmann, NKD and a regional beverages banne

  11. Slide 11: Portfolio: KOLOSSEUM Spreewald, Lübbenau

    PORTFOLIO KOLOSSEUM Spreewald, Lübbenau  Construction Year: 1994  Plot Size: 10,431 sqm  Lettable Space: 12,155 sqm  Occupancy Rate: 90%  Purchase Price: app. €8m  Annual Net Rent: €900k  Acquisition for 9 times annual net rent  Key Tenants are Rossmann, NKD, MäcGeiz, Ernsting’s family, KiK,

  12. Slide 12: Portfolio: Retail Park Staßfurt

    PORTFOLIO Retail Park Staßfurt  Construction Year: 1998 / 2000  Plot Size: 10,187 sqm  Lettable Space: 3,307 sqm  Occupancy Rate: 95%  Purchase Price: €2.6m  Annual Net Rent (fully let): €290k  Acquisition for 9 times annual net rent  Key Tenants are ALDI, Miller & Monroe and ABC Shoes  Per

  13. Slide 13: Financing

    FINANCING Key Figures (as of 30 June 2018) Maturity Profile incl. Repayments in €m Number of Financing Partners 16 12 Bank Loans €54.7m 8 Ø Interest Rate 2.45% 4 Ø Initial Repayment 5.12% Ø Fixed Interest 8.2 years 0 Loan‐To‐Value Ratio (LTV) 61.4% Maturity Repayments • Financing arranged through lo

  14. Slide 14: Key Financials 2017

    KEY FINANCIALS 2017 Portfolio Value Sales in €k in €k 72,820 5,828 75,000 6,000 +52% +70% 47,760 50,000 4,000 3,438 25,000 2,000 0,000 0,000 2016/12/31 2017/12/31 2016 2017 Company Presentation DEFAMA Deutsche Fachmarkt AG 14

  15. Slide 15: Key Financials 2017

    KEY FINANCIALS 2017 Net Profit Funds from Operations (FFO) in €k in €k 1,500 1,362 . 0,60 3,000 2,581 . 1,20 1,000 0,889 . 0,40 2,000 1,580 . 0,80 . 0,38 . 0,73 . 0,30 . 0,54 0,500 . 0,20 1,000 . 0,40 0,000 0,00 0,000 0,00 2016 2017 2016 2017 Earnings EPS in € FFO FFO / Share in € Company Presentati

  16. Slide 16: Key Financials 6M/2018

    KEY FINANCIALS 6M/2018 Portfolio Value Sales in €k in €k 100,000 4,500 4,228 82,220 +47% +73% 75,000 55,790 3,000 2,449 50,000 1,500 25,000 0,000 0,000 2017/06/30 2018/06/30 1‐6/2017 1‐6/2018 Company Presentation DEFAMA Deutsche Fachmarkt AG 16

  17. Slide 17: Key Financials 6M/2018

    KEY FINANCIALS 6M/2018 Net Profit Funds from Operations (FFO) in €k in €k 1,000 0,854 . 0,40 2,000 1,738 . 0,75 +44% +60% 0,750 1,500 0,592 1,089 . 0,50 0,500 . 0,24 . 0,20 1,000 . 0,49 . 0,17 . 0,31 . 0,25 0,250 0,500 0,000 0,00 0,000 0,00 1‐6/2017 1‐6/2018 1‐6/2017 1‐6/2018 Earnings EPS in € FFO F

  18. Slide 18: Status and Outlook

    STATUS AND OUTLOOK Guidance for 2018 • Net Profit (according to German GAAP): €1.75m resp €0.49 per share • Funds From Operations (FFO): €3.4m resp €0.96 per share • Again, significant dividend increase • Additional high one‐off result from joint venture Radeberg Annualised portfolio key figures (be

  19. Slide 19: Share

    SHARE Share price development since IPO at 13 July 2016 Shareholder Structure 2) 13 € 10 € 35.6% 7€ 57.5% 4€ 4.8% Jul. 16 Jan. 17 Jul. 17 Jan. 18 Jul. 18 2.1% WKN / ISIN A13SUL / DE000A13SUL5 MSC Invest GmbH / M. Schrade Stock Exchange Munich (m:access), Frankfurt, Xetra Geminus GmbH / C. Müller Num

  20. Slide 20: Why to Invest

    WHY TO INVEST Highly Profitable thanks to favourable purchase prices and lean structures Solid Financing via object subsidiaries with local and savings banks Down‐to‐Earth Team with great experience in the real estate and retail sector Shareholder‐friendly with high transparency and attractive divid

  21. Slide 21: Contact

    CONTACT DEFAMA Deutsche Fachmarkt AG Nimrodstr. 23 D 13469 Berlin www.defama.de Matthias Schrade Member of the Management Board Telephone +49 (0) 30 / 555 79 26 ‐ 0 Fax +49 (0) 30 / 555 79 26 ‐ 2 E‐mail schrade@defama.de Company Presentation DEFAMA Deutsche Fachmarkt AG 21

  22. Slide 22: Disclaimer

    DISCLAIMER Important Notice: Forward Looking Statement The information or opinions contained in this document have not been independently verified and no express or implied warranty or representation is made as to their suitability, accuracy or completeness or the recipient may not rely on them. Thi

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