Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q1 2015 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, May 15, 2015

  1. Slide 1: First Quarter 2015 Financial Results Presentation

    FIRST QUARTER 2015 FINANCIAL RESULTS PRESENTATION 15 MAY 2015 HEKTAR ASSET MANAGEMENT SDN BHD

  2. Slide 2: Disclaimer

    PRIVATE & CONFIDENTIAL 2 Disclaimer The material that follows is a presentation of general background information about the activities of the Hektar REIT (including Hektar REIT’s any other affiliates) as at the date of this Presentation. The information contained herein is given in summary form sole

  3. Slide 3: Financial Summary

    PRIVATE & CONFIDENTIAL 3 Financial Summary First Quarter FY 2015 1 January 2015 – 31 March 2015 Commentary ƒ 1Q2015 Interim Distribution Per Unit: 2.6 sen ƒ Improve in performance with the completion of AEI at Central Square Operational & Financial Performance First Quarter) Distribution and Yield ƒ

  4. Slide 4: Distribution Details

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Positive Growth Since IPO Current Distribution Details Hektar REIT First Quarter 2015 Distribution Policy Barring unforeseen circumstances, Hektar ƒ Distribution Period: 1 Jan 2015 – 31 Mar 2015 REIT will pay distributions equivale

  5. Slide 5: Comparative Yields - Malaysia

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Distribution Yield at approximately 6.9% ƒ Traded at a 293 bps spread over MGS 10-year ƒ Unit Price increased by 1.3% since beginning of the year Hektar REIT Unit Price Change Hektar REIT Comparative Yields 1Q 2015 (3 months) Unit Pr

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~95.1% ► Rental Reversions +7% for 1Q15 ► Tenancy Expiry Profile ► 40% of Portfolio Tenancy Rental Income Expires in 2015 ►

  7. Slide 7: Hektar REIT Portfolio - Occupancy

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~95.1% Occupancy rate at Central Square improves as AEI completes Hektar REIT Portfolio Occupancy As at As at As at As at As at As at As at As at As at As at As at As at 31 Dec 31 Dec 30 Sep 31 Dec 31 Dec 31 De

  8. Slide 8: Rental Reversions +6.6% for 1Q 2015

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions +6.6% for 1Q 2015 ƒ Central Square continues to record high reversion rates with completion of AEI Hektar REIT Rental Reversions: Quarter First Quarter No. of New % (3 months) Tenancies / NLA % of Total Increase / (

  9. Slide 9: Hektar REIT Portfolio – Tenancy Expiry Profile

    PRIVATE & CONFIDENTIAL 9 Hektar REIT Portfolio – Tenancy Expiry Profile Hektar REIT Tenancy Expiry Profile by Property as at 31 March 2015 Subang Parade No. of NLA of Tenancies NLA of Tenancies % of Total 45% For Year Ending Tenancies Expiring Expiring as % of Monthly Rental 37% 28% 35% 34% 31 Decem

  10. Slide 10: Tenancy Portfolio Expiry Profile 2015 – 2018

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2015 – 2018 ƒ FY2015 - 184 tenancy expiries account for approximately 40% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 31 March 2015 Portfolio No. of NL

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results 1Q2015 Gross Revenue up 3.4%; NPI up 5.8% from preceding year ► 1Q2015 Net Income (Realised) up 6.1% from preceding year ► Hektar REIT Average Cost of Debt at 4.8% ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 1Q2015 Net Income (Realised) up 6.1% vs corresponding quarter 1Q2014 Income Statement 1Q15 1Q14 Variance First Quarter 2015 (Unaudited) (RM '000) (RM '000) (%) Revenue 31,211 30,177 + 3.4% Direct Cost & Property Expenses (12,590) (12,5

  13. Slide 13: Income Statement – Year-To-Date Comparative

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative For Period 1 January – 31 March 2015 (versus previous comparable period) Income Statement 1Q15 1Q14 Variance Year-To-Date (Unaudited) (RM '000) (RM '000) (%) Revenue 31,211 30,177 + 3.4% Direct Cost & Property Expenses (12,590) (1

  14. Slide 14: Balance Sheet

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 1Q2015 Balance Sheet As at 31.03.2015 As at 31.12.2014 (Unaudited) (RM '000) (RM '000) Unit Price Statistics Non-Current Assets As at 31 Mar 2015 Investment Properties 1,060,732 1,060,732 Capital Work in Progress 33,149 21,679 N

  15. Slide 15: Debt Profile

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for 1Q 2015 Debt Expiry Profile As at 31 March 2015 Debt Information 600 As at 31 March 2015 550 500 ƒ Total Debt: RM million RM467 million 450 400 ƒ Weighted Cost of Debt: 4.8% 350 300 250 ƒ Gearing Ratio1: 41.6% 200 150 ƒ Interest Cover2: 3.16 10

  16. Slide 16: Contact

    PRIVATE & CONFIDENTIAL 16 Contact “Creating The Places Where People Love To Shop” Investor Relations Hektar Asset Management Sdn Bhd D1-U3-10, Solaris Dutamas No1, Jalan Dutamas 1 50480 Kuala Lumpur MALAYSIA ℡Tel: +6 03 6205 5570 Fax: +6 03 6205 5571 Web: www.HektarREIT.com Please visit our website

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