Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q1 2013 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, May 7, 2013

  1. Slide 1: First Quarter 2013 Financial Results Presentation

    FIRST QUARTER 2013 FINANCIAL RESULTS PRESENTATION 7 MAY 2013 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 2013

    PRIVATE & CONFIDENTIAL 3 Financial Summary First Quarter FY 2013 1 January 2013 – 31 March 2013 Commentary  1Q2013 Interim Dividend Per Unit: 2.6 sen  Six Years Track Record of Positive Results Operational & Financial Performance (First Quarter) Dividend Distribution  Portfolio Occupancy: ~ 95.5%

  4. Slide 4: Distribution Details

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Positive Growth Since IPO Current Dividend Distribution Details First Quarter 2013  Distribution Period: 1 Jan – 31 Mar 2013  Quarterly DPU: 2.6 sen  Notice of Entitlement: 7 May 2013  Ex-Dividend Date: 21 May 2013  Book Closu

  5. Slide 5: Comparative Yields - Malaysia

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Dividend Yield at approximately 6.9%  Traded at a 345 bps spread over MGS 10-year  Unit Price increased by 2.7% since beginning of the year Hektar REIT Unit Price Change Hektar REIT Comparative Yields FY2013 (3 months) Unit Price R

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~95.5% ► Rental Reversions +8.2% for 1Q13 ► Tenancy Expiry Profile ► 26% of Portfolio Tenancy Rental Income Expires in 2013 ►

  7. Slide 7: Hektar REIT Portfolio - Occupancy

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Central Square and Landmark Central undergo tenancy remixing exercises Overall Portfolio Occupancy at ~95.5% Hektar REIT Portfolio Occupancy 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: Hektar REIT Portfolio – Rental Reversions

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions +8% for the year  1Q 13: 33 new tenancies / renewals at 8% reversion rate  Subang Parade recorded high reversion due to re-zoning exercise;  Mahkota Parade facing slight negative reversion due to competition. Hek

  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 29 Mar 2013 No. of NLA of Tenancies NLA of Tenancies % of Total For Year Ending Tenancies Expiring Expiring as % of Monthly Rental 45% 33% 36% 32% 31 December Expiring (sq ft)

  10. Slide 10: Tenancy Portfolio Expiry Profile 2012 – 2015

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2012 – 2015  FY2013 - 144 tenancy expiries account for approximately 24% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 31 March 2013 Portfolio No. of NL

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results Gross Revenue and NPI up 23.0% from preceding year ► 1Q2013 Net Income (Realised) up 13.7% from preceding year ► Hektar REIT Average Cost of Debt at 4.6% ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 1Q2013 Net Income (Unrealised) down 9.2% vs corresponding quarter 1Q2012  Due to higher borrowing cost Income Statement 1Q13 1Q12 Variance First Quarter 2013 (Unaudited) (RM '000) (RM '000) (%) Revenue 30,078 24,456 + 23.0% Direct Cos

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

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative For Period 1 January – 31 March 2013 (versus previous comparable period) Income Statement FY13 FY12 Variance Year-To-Date FY13 (Unaudited) (RM '000) (RM '000) (%) Revenue 30,078 24,456 + 23.0% Direct Cost & Property Expenses (11,7

  14. Slide 14: Hektar REIT’s Balance Sheet for 1Q2013

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 1Q2013 Balance Sheet As at 31.03.2013 As at 31.12.2012 Unit Price Statistics (Unaudited) (RM '000) (RM '000) As at 29 Mar 2013 Non-Current Assets Investment Properties 1,028,970 1,028,970 No. of Units Outstanding Capital Work in

  15. Slide 15: Debt Profile

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for 1Q 2013 Debt Expiry Profile As at 31 Mar 2013 Debt Information As at 31 Mar 2013 500 450 RM million 400 350  Total Debt: RM436 million 300  Weighted Cost of Debt: 4.6% 250 200  Gearing Ratio1: 40.9% 150 100  Interest Cover2: 3.35 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

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