Slide 1: Conference Call 3rd quarter 2018
Conference Call 3rd quarter 2018 Dr. Rüdiger Mrotzek Hans Richard Schmitz 8 November 2018
Slide 2: First nine month 2018 Highlights
First nine month 2018 Highlights Cologne Positive operational business development ▪ Income from rents and leases: + 14.4 % ▪ Funds from Operations: + 18.8 % Bonn ▪ Vacancy rate: 1.1 % (1.6 % excl. rent guarantees) Solid financial structure Düsseldorf ▪ REIT equity ratio: 55.5 % ▪ LTV: 43.7 % Foreca
Slide 3: Significant key figures
Significant key figures Key figures 9M 2018 9M 2017 Change Income from rents and leases € 62.5 million € 54.6 million + 14.4 % Operating result € 26.6 million € 23.6 million + 12.4 % Profit for the period € 15.1 million € 15.7 million - 3.6 % thereof as a result from sales €0 € 3.2 million Funds fro
Slide 4: Long-term leases: Leasing contracts expire well distributed
Long-term leases Leasing contracts expire well distributed Weighted average lease expiry by type (as of 30 September 2018, in years) 7.9 5.1 6.2 4.3 Office Highstreet large-scale retail Total Split of lease contracts expiring by year (as of 30 September 2018) 30% 13% 10% 10% 2% 6% 9% 7% 8% 5% 2018 2
Slide 5: Tenant structure
Tenant structure Top 10 tenants (as of 30 September 2018, % of annual rent) Tenant Sector % annual rents* EDEKA Group Food retail 11.6% Kaufland Group Food retail 6.8% REWE Group Food retail 5.6% real,- Food retail 5.5% OBI DIY retail 5.1% Jobcenter Agency of unemployment 3.3% H&M Textile retail 2.1
Slide 6: Development of net rental income
Development of net rental income Income from passed-on Real estate Maintenance incidental costs operating of property to tenants expenses and building + 13.7 % Income from 9,874 T€ Maintenance Real estate passed-on -13,286 T€ of property operating incidental costs and building expenses to tenants -3
Slide 7: Profit and loss account according to IFRS
Profit and loss account according to IFRS in € thousand 9M 2018 9M 2017 Net rental income 55,543 48,865 Administrative expenses -968 -947 Personnel expenses -3,191 -3,122 Depreciations -25,066 -21,327 Other operating income 993 957 Other operating expenses -761 -811 Operating result 26,550 23,615 Re
Slide 8: Funds from Operations
Funds from Operations in € thousand 9M 2018 9M 2017 FFO Net rental income 55,543 48,865 in € thousand - Administrative expenses -968 -947 + 18.8 % - Personnel expenses -3,191 -3,122 40,207 + Other operating income 993 957 33,853 - Other operating expenses -761 -811 + Interest income 0 80 - Interest
Slide 9: Investments 2018
Investments 2018 Cologne Düsseldorf Purchase price: € 20.2 million Purchase price: € 9.7 million Gross initial yield: 5.1% Gross initial yield: 5.7% Transfer of possession: 2 January 2018 Transfer of possession: 2 January 2018 TOTAL INVESTMENT VOLUME Bonn Darmstadt Purchase price: € 13.8 million Pur
Slide 10: Investments 2018: Transfer of possession outstanding
Investments 2018 Transfer of possession outstanding Bamberg Aachen Bonn Starkenfeldstrasse Gut-Dämme-Strasse/Grüner Weg Krähenhorst/Soenneckenstrasse Built 2013 2019e (under construction) 2019e (under constuction) Main tenants EDEKA, Perbility, Bosch, IG Metall Barmer, … Barmer, … Leased area 6,100
Slide 11: Divestments 2018
Divestments 2018 Brunnthal Undeveloped Land Selling price: € 11.2 million Plot size: 200,000 m² Fair value as of 31 Dec 2017: € 11.1 million Selling price: € 0.8 million Book value as of 30 Sep 2018: € 10.2 million Book value as of 31 Dec 2017: € 0.2 million Book profit € 1.0 million Book profit € 0
Slide 12: Portfolio development
Portfolio development Portfolio value € 1,509 million Portfolio value € 1,454 million Portfolio value € 1,363 million Cologne (€ +21.0m)(1) Bamberg (€ +15.0m)(3) Düsseldorf (€ +10.5m)(1) Aachen (€ +28.3m)(3) Bonn (€ +14.2m)(1) Bonn (€ +22.8m)(3) Darmstadt (€ +44.0m)(1) Brunnthal (€ -11.2m)(3) Kiel (
Slide 13: Net Asset Value (NAV) in accordance with EPRA
Net Asset Value (NAV) in accordance with EPRA Share price 10.3 % below NAV (as of 30 September 2018) Share price / NAV NAV according to EPRA 30 Sep 2018 30 Sep 2017 in € million Balance sheet long-term assets 1,171.1 1,081.1 - 10.3 % + Balance sheet short-term assets 31.5 44.1 - Non-current liabilit
Slide 14: Balance Sheet IFRS
Balance Sheet IFRS ASSETS 30 Sep 2018 31 Dec 2017 in € million Non-current assets 1,171.1 1,114.0 Investment Properties 1,166.1 1,109.2 Other 5.0 4.8 Current assets 31.5 59.5 Trade receivables and other assets 3.2 1.4 Cash and cash equivalents 17.9 58.1 Non-current assets held for sale 10.4 0 Total
Slide 15: Stable and predictable cost of debt
Stable and predictable cost of debt Expiration of financial liabilities (as of 30 September 2018) Refinancing/ Bonded loans 55.5 % Repayment largely Ø interest rate: 1.5% REIT Equity ratio concluded Ø maturity: 4.8 years 43.7 % LTV €723.5m Financial liabilities* 1.7% 23.8% 2.2 % 14.5% Ø cost of debt
Slide 16: Conclusion and outlook
Conclusion and outlook Conclusion/Summary ▪ Strong first three quarters 2018 with positive development of operational business ▪ Vacancy rate: 1.1% ▪ Transfer of possession of four assets in Cologne, Düsseldorf, Bonn and Darmstadt ▪ Purchase contracts signed for three further assets in Bamberg, Aach
Slide 17: Many thanks for your attention!
Financial Calendar HAMBORNER REIT AG - Financial Calendar Interim Report for 3rd quarter 2018 8 November 2018 Preliminary figures 2018 7 February 2019 Annual report 2018 27 March 2019 Interim Report for 1st quarter 2019 2 May 2019 AGM 2019 7 May 2019 Interim Report for 1st half 2019 1 August 2019 In
Slide 18: Contact
Contact Dr. Rüdiger Mrotzek Member of the Management Board r.mrotzek@hamborner.de Hans Richard Schmitz Member of the Management Board h.schmitz@hamborner.de Christoph Heitmann Head of Investor Relations & Public Relations c.heitmann@hamborner.de +49 (0)203 / 54405-32 Conference Call | 9M fig
Slide 19: Disclaimer
Disclaimer This presentation was exclusively prepared for the addresses specified on the title page and/or the participants at the mentioned event. The information in this presentation is based on both public information and documents as well as information which was made available to HAMBORNER REIT