Slide 1: Conference Call Annual results 2021
Conference Call Annual results 2021 17 March 2022 Büroobjekt ‚EUREF-Campus‘ Berlin
Slide 2: Key figures 2021
Key figures 2021 €84.4m €53.1m €0.65 61.0% 41.3% Rental income FFO FFO per share REIT equity ratio LTV 98.7% 2.0% ~140,000m² 4.9% 9.6% Rent collection rate EPRA vacancy rate Letting result LfL portfolio growth NAV p/s increase 2021 2
Slide 3: Portfolio key metrics as of 31 December 2021
Portfolio key metrics as of 31 December 2021 Portfolio share Retail Office Total Portfolio(1) Manage-to-core(2) Number of properties 40 28 68 3 Fair value €874.2m €729.8m €1,604.0m €72.9m Leased area 368,039 m² 230,177 m² 598,215 m² 27,198 m² Annualized rent €46.6m €35.4m €82.0m €4.5m Annualized ren
Slide 4: Portfolio Rotation
Portfolio Rotation Transactions since strategy update in July 2020(1) Portfolio as of 30 June 2020 Portfolio as of 15 March 2022 Assets 83 Assets 67 Portfolio Volume €1,631m Portfolio Volume €1,609.3m Ø value per asset €19.9m Ø value per asset (+20.6%) €24.0m Ø age of asset 26.6 years Ø age of asset
Slide 5: Acquisitions 2021
Acquisitions 2021 Mainz Stuttgart Münster Freiburg Asset type Office (Single-tenant) Office(Multi-tenant) Office (Multi-tenant) Retail (Single-tenant) Investment approach ,Manage-to-Core‘ ,Manage-to-Core‘ ,Core‘ ,Core‘ Year of construction 1994 1991 2021 2018 Leased area 7,748 m2 5,930 m2 6,328 m2 1
Slide 6: Portfolio development
Portfolio development Portfolio development 2021 Comments Acquisitions 2021 Disposals 2021 Like for like-Portfolio ▪ Decline in property value mainly driven by Portfolio value Portfolio value €1,624.8m €1,604.0m disposals in 2021 with a total volume of €157.1m ▪ Decrease partly offset by property ac
Slide 7: Lease contracts
Lease contracts Weighted average lease expiry (as of 31 December 2021) Letting result 2021 139,807m² 89,850m² 48% 49,957m² 59% 6.9 years 6.1 years 5.1 years 28% 52% 72% 41% Retail Office Total New lettings Contract extensions Total Retail Office Lease expiry schedule (as of 31 December 2021; in % of
Slide 8: Tenant base
Tenant base Top-10 tenants (as of 31 December 2021) Sector distribution (as of 31 December 2021) Tenant Sector Rent(1) Sector Rent(1) EDEKA Food retail 11.8% Food 31.9% KAUFLAND Food retail 7.1% IT/Communication 10.8% REWE Food retail 5.9% DIY 9.0% OBI DIY 5.5% Finance/Insurance 8.3% JOBCENTER Autho
Slide 9: Funds from operations (FFO)
Funds from operations (FFO) in k€ 2021 2020 Change Comments 1 Income from rents and leases 84,360 88,193 -4.3% ▪1 Decline in rental income mainly due to Income from passed on costs 14,021 14,145 -0.9% property disposals (€-7.1m) Rent decrease partly offset by portfolio Operating expenses -17,967 -18
Slide 10: EPRA NAV & NTA
EPRA NAV & NTA NAV development 2021 €6.3m €5.1m -€37.9m €70.0m -€2.4m €984.9m -€0.5m €984.4m €53.1m €890.7m NAV FFO Like for like Capital Acquisitions/ Dividend Other NAV Intangible NTA 31 Dec 2020 Revaluation Increase Disposals effects 31 Dec 2021 Assets 31 Dec 2021 (scrip dividend) NAV p/s NAV p/s
Slide 11: Financial situation
Financial situation Expiration of financial liabilities (as of 31 December 2021) 61.0% REIT Equity ratio Refinancing 2022 completed Ø interest rate: 1.6% Ø maturity: 6.3 years 41.3% LTV 1.7% €747.5m Financial liabilities(1) 20.4% 8.4% 12.2% 13.0% 1.60% 10.8% Ø Cost of debt(1) 7.9% 8.2% 7.1% 5.0% 2.5
Slide 12: Outlook
Outlook Guidance 2022 €84.0 – 86.0m €46.5m – €50.5m Previous year‘s level Rental income FFO NAV per share Mid-term outlook ~€2.0bn ~€100.0m Target portfolio size Ø annual acquisition volume 12
Slide 13: Financial Calendar 2022
Financial Calendar 2022 Annual report 2021 17 March 2022 Quarterly financial statement Q1 2022 26 April 2022 Annual General Meeting 2022 28 April 2022 Half-year financial report 2022 9 August 2022 Quarterly financial statement Q3 2022 10 November 2022 13
Slide 14: 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/en Public Relations Mail: c.heitmann@hamborner.de Mail: info@ir.hamborner.de Phone: +49 (0)203/54405
Slide 15: Disclaimer
This presentation has been prepared and/or issued by HAMBORNER REIT AG (hereinafter "HAMBORNER") solely for information purposes. This presentation may contain statements, assumptions, opinions and predictions about the anticipated future development of HAMBORNER ("forward-looking statements") that