Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q4 2012 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, Feb 5, 2013

  1. Slide 1: Fourth Quarter 2012 Financial Results Presentation

    FOURTH QUARTER 2012 FINANCIAL RESULTS PRESENTATION 5 FEBRUARY 2013 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 Group (including Hektar REIT and any other affiliates) as at the date of this Presentation. The information contained herein is given in summary form s

  3. Slide 3: Financial Summary Fourth Quarter FY 2012

    PRIVATE & CONFIDENTIAL 3 Financial Summary Fourth Quarter FY 2012 1 October 2012 – 31 December 2012 Commentary  4Q2012 Interim Dividend Per Unit: 2.7 sen  Six Years Track Record of Positive Results Operational & Financial Performance (Fourth Quarter) Dividend Distribution  Portfolio Occupancy: ~

  4. Slide 4: Hektar REIT Annual DPU Positive Growth Since IPO

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Positive Growth Since IPO Current Dividend Distribution Details Fourth Quarter 2012  Distribution Period: 1 Oct – 31 Dec 2012  Quarterly DPU: 2.7 sen  Notice of Entitlement: 6 February 2013  Ex-Dividend Date: 20 February 2013 

  5. Slide 5: Comparative Yields - Malaysia

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Dividend Yield at approximately 7.2%  Traded at a 380 bps spread over MGS 10-year  Unit Price increased by 14.2% since beginning of the year Hektar REIT Unit Price Change Hektar REIT Comparative Yields FY2012 (12 months) Unit Price

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance First quarter with the enlarged Portfolio including the newly acquired Kedah Malls ► Overall Occupancy at ~96.3% ► Rental Reversions +7.6% for 4Q12 ► Tenancy Expiry Profile ► 29% of Portfolio Tenancy Rental Income Expires in 2013 ► Portfolio Tenancy Pro

  7. Slide 7: Hektar REIT Portfolio - Occupancy

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy New Addition of Central Square and Landmark Central Overall Portfolio Occupancy at ~96.3% 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 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  4Q 12: 27 new tenancies / renewals at 8% reversion rate  Mahkota Parade recorded positive reversion - high reversion accounted from the new tenancy signed with Ogawa & Activo. Hektar REIT Rental

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

    PRIVATE & CONFIDENTIAL 9 Hektar REIT Portfolio – Tenancy Expiry Profile Hektar REIT Tenancy Expiry Profile by Property Hektar REIT Tenancy Expiry Profile by Property as at 31 Dec 2012 Subang Parade No. of NLA of Tenancies NLA of Tenancies % of Total 43% For Year Ending Tenancies Expiring Expiring as

  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 - 190 tenancy expiries account for approximately 29% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 31 December 2012 Portfolio No. of

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results 4Q2012 Net Income (Realised) up 8.6% from previous period ► Hektar REIT Average Cost of Debt at 4.6% ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 4Q2012 Net Income (Unrealised) down 48.8% vs corresponding quarter 4Q2011  Due to lower Fair Value Adjustment of Investment Properties.  Realised Net Income up by 8.6% Income Statement 4Q12 4Q11 Variance Fourth Quarter 2012 (Unaudite

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

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative FY2012 Net income per unit maintained with FY2011 For Period 1 January – 31 Dec 2012 (versus previous comparable period) Income Statement FY12 FY11 Variance Year-To-Date FY12 (Unaudited) (RM '000) (RM '000) (%) Revenue 103,232 94,

  14. Slide 14: Hektar REIT's Balance Sheet for 4Q2012

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 4Q2012 Balance Sheet As at 31.12.2012 As at 31.12.2011 Unit Price Statistics (Unaudited) (RM '000) (RM '000) As at 31 Dec 2012 Non-Current Assets Investment Properties 1,028,970 822,000 No. of Units Outstanding Capital Work in P

  15. Slide 15: Debt Profile for 4Q 2012

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for 4Q 2012 Debt Expiry Profile As at 31 Dec 2012 Debt Information 500 As at 31 Dec 2012 450 400 RM million 350 300  Total Debt: RM436 million 250 200  Weighted Cost of Debt: 4.6% 150 100  Gearing Ratio1: 40.9% 50 0  Interest Cover2: 7.08 FY 20

  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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