Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q1 2014 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, May 6, 2014

  1. Slide 1: First Quarter 2014 Financial Results Presentation

    FIRST QUARTER 2014 FINANCIAL RESULTS PRESENTATION 6 MAY 2014 HEKTAR ASSET MANAGEMENT SDN BHD

  2. Slide 2: Disclaimer / About Hektar

    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 First Quarter FY 2014

    PRIVATE & CONFIDENTIAL 3 Financial Summary First Quarter FY 2014 1 January 2014 – 31 March 2014 Commentary  1Q2014 Interim Distribution Per Unit: 2.6 sen  Seven Years Track Record of Positive Results Operational & Financial Performance (First Quarter) Distribution and Yield  Portfolio Occupancy:

  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 2014 Distribution Policy Barring unforeseen circumstances, Hektar  Distribution Period: 1 Jan 2014 – 31 Mar 2014 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%  Traded at a 271 bps spread over MGS 10-year  Unit Price increased by 0.7% since beginning of the year Hektar REIT Unit Price Change Hektar REIT Comparative Yields 1Q2014 (3 months) Unit Pri

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~94.0% ► Rental Reversions +4.9% for 1Q14 ► Tenancy Expiry Profile ► 34% 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 ~95.0% 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 31 Dec 31 Dec 30 Sep 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Mar Property 2004 2005 2006 2007

  8. Slide 8: Hektar REIT Portfolio – Rental Reversions

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions +5.0% for 1Q 2014  Tenant remixing exercise at Landmark Central with high reversion rates. Hektar REIT Rental Reversions: Quarter First Quarter No. of New % (3 months) Tenancies / NLA % of Total Increase / (Decreas

  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 2014 Subang Parade No. of NLA of Tenancies NLA of Tenancies % of Total 55% 43% For Year Ending Tenancies Expiring Expiring as % of Monthly Rental 35% 32% 27% 31 Decem

  10. Slide 10: Tenancy Portfolio Expiry Profile 2014 – 2017

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2014 – 2017  FY2015 - 149 tenancy expiries account for approximately 34% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 31 March 2014 Portfolio No. of NL

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results Gross Revenue up 0.3% but NPI down 4.2% from preceding year ► 1Q2014 Net Income (Realised) down 5.4% from preceding year ► Hektar REIT Average Cost of Debt at 4.5% ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 1Q2014 Net Income (Realised) down 5.4% vs corresponding quarter 1Q2013  Due to the impact from tariff hike. Income Statement 1Q14 1Q13 Variance First Quarter 2014 (Unaudited) (RM '000) (RM '000) (%) Revenue 30,177 30,078 + 0.3% Direct

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

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative For Period 1 January – 31 March 2014 (versus previous comparable period) Income Statement 1Q14 1Q13 Variance Year-To-Date (Unaudited) (RM '000) (RM '000) (%) Revenue 30,177 30,078 + .3% Direct Cost & Property Expenses (12,574) (11

  14. Slide 14: Balance Sheet for 1Q2014

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 1Q2014 Balance Sheet As at 31.3.2014 As at 31.12.2013 (Unaudited) (RM '000) (RM '000) Unit Price Statistics Non-Current Assets As at 31 Mar 2014 Investment Properties 1,047,280 1,047,280 Capital Work in Progress 10,256 1,740 No.

  15. Slide 15: Debt Profile

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for 1Q 2014 Debt Expiry Profile As at 31 Mar 2014 Debt Information 500 As at 31 Mar 2014 450 RM million 400 350  Total Debt: RM436 million 300 250  Weighted Cost of Debt: 4.5% 200 150  Gearing Ratio1: 40.5% 100  Interest Cover2: 3.20 50 0 FY201

  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 webs

Hektar Real Estate Investment Trust — Q1 2014 Earnings Presentation on 6ix