Slide 1: Conference Call 1st half year 2018
Conference Call 1st half year 2018 Dr. Rüdiger Mrotzek Hans Richard Schmitz 9 August 2018
Slide 2: First half year 2018 Highlights
First half year 2018 Highlights Cologne Positive operational business development ▪ 15.4 % increase in rents ▪ Vacancy rate: 1.0 % (1.5 % excl. rent guarantees) Bonn Solid financial structure ▪ REIT equity ratio: 54.5 % Düsseldorf ▪ LTV: 44.5 % Forecast increase for full year 2018 Darmstadt ▪ Rents:
Slide 3: Significant key figures for the first half year 2018
Significant key figures for the first half year 2018 Key figures 30 June 2018 30 June 2017 Change Income from rents and leases € 41.3 million € 35.8 million + 15.4 % Operating result € 17.1 million € 15.5 million + 4.5 % Profit for the period € 9.5 million € 10.9 million - 12.6 % thereof as a result
Slide 4: Long-term leases
Long-term leases Leasing contracts expire well distributed Weighted average lease expiry by type (30 June 2018, in years) 8.0 6.3 5.0 4.7 Office Highstreet large-scale retail Total Split of lease contracts expiring by year (30 June 2018) 37% 3% 13% 10% 6% 9% 7% 9% 6% 2018 2019 2020 2021 2022 2023 20
Slide 5: Solid tenants – Tenant structure
Solid tenants Tenant structure Top 10 tenants (as of 30 June 2018, % of annual rent) Tenant Sector % annual rents* EDEKA Group Food retail 11.6% Kaufland Group Food retail 6.8% REWE Group Food retail 5.6% real,- Food retail 5.5% OBI DIY retail 5.1% Jobcenter Agency of unemployment 3.3% H&M Textile r
Slide 6: Development of net rental income
Development of net rental income Income from passed-on Real estate Maintenance incidental costs operating of property Income from to tenants expenses and building +13.7 % Maintenance Real estate passed-on 6,415 T€ of property operating incidental costs -9,210 T€ and building expenses to tenants -2,2
Slide 7: Profit and loss account according to IFRS
Profit and loss account according to IFRS in € thousand H1 2018 H1 2017 Net rental income 36,250 31,893 Administrative expenses -723 -707 Personnel expenses -2,093 -2,062 Depreciations -16,594 -13,862 Other operating income 846 862 Other operating expenses -582 -578 Operating result 17,104 15,546 Re
Slide 8: Funds from Operations FFO
Funds from Operations in € thousand H1 2018 H1 2017 FFO Net rental income 36,250 31,893 in € thousand - Administrative expenses -723 -707 + 17.9 % - Personnel expenses -2,093 -2,062 + Other operating income 846 862 26,106 - Other operating expenses -582 -578 22,140 + Interest income 0 54 - Interest
Slide 9: Investments 2018
Investments 2018 Cologne Düsseldorf Purchase price: € 20.2 million Purchase price: € 9.7 million Gross initial yield: 5.1% Gross initial yield: 5.7% Transfer of possession: 2 January 2018 Transfer of possession: 2 January 2018 Bonn Darmstadt Purchase price: € 13.8 million Purchase price(1): € 44.4 m
Slide 10: Portfolio Development 2018
Portfolio Development 2018 Portfolio value € 1,454 million Portfolio value € 1,409 million Portfolio value € 1,363 million Cologne (€ +21.0m)(1) Darmstadt (€ +44.0m)(1) Düsseldorf (€ +10.5m)(1) Kiel (€ +1.0m)(2) Bonn (€ +14.2m)(1) 31 Dec 2017 31 March 2018 30 June 2018 (1) Fair value as of 30 June 2
Slide 11: Net Asset Value (NAV) in accordance with EPRA
Net Asset Value (NAV) in accordance with EPRA Share price 8.9 % below NAV (as of 30 June 2018) Share price / NAV NAV according to EPRA 30 June 2018 30 June 2017 in € million Balance sheet long-term assets 1,189.4 1,024.9 - 8.9 % + Balance sheet short-term assets 13,6 31.6 - Non-current liabilities a
Slide 12: Balance Sheet IFRS
Balance Sheet IFRS ASSETS 30 June 2018 31 Dec 2017 in € million Non-current assets 1,189.4 1,114.0 Investment Properties 1,184.4 1,109.2 Other 5.0 4.8 Current assets 13.7 59.5 Trade receivables and other assets 3.2 1.4 Cash and cash equivalents 10.5 58.1 Non-current assets held for sale 0.0 0.0 Tota
Slide 13: Stable and predictable cost of debt
Stable and predictable cost of debt Expiration of financial liabilities (as of 30 June 2018) Refinancing/ Bonded loans 54.5 % Repayment largely Ø interest rate: 1.5% REIT Equity ratio concluded Ø maturity: 5.1 years 44.5 % LTV €727.9m Financial liabilities* 1.7% 23.9% 2.2 % Ø cost of debt* 8.6% 14.4
Slide 14: Conclusion and outlook
Conclusion and outlook Conclusion/Summary ▪ Strong first half 2018 with positive development of operational business ▪ Vacancy rate: 1.0% ▪ Transfer of possession of four assets in Cologne, Düsseldorf, Bonn and Darmstadt ▪ Portfolio value: € 1.45 billion Forecast 2018 ▪ Rental income: + 10 - 12 % ▪
Slide 15: Many thanks for your attention! Financial Calendar
Financial Calendar HAMBORNER REIT AG - Financial Calendar Interim report for 1st half 2018 9 August 2018 Interim Report for 3rd quarter 2018 8 November 2018 Preliminary figures 2018 7 February 2019 Annual report 2018 27 March 2019 Interim Report for 1st quarter 2019 2 May 2019 AGM 2019 7 May 2019 Ma
Slide 16: 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, H1
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