Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q1 2008 Earnings Presentation

18 slides from Hektar Real Estate Investment Trust's earnings presentation, May 5, 2008

  1. Slide 1: Hektar REIT First Quarter 2008 Financial Results Presentation

    HEKTAR REIT HEKTAR REIT FIRST QUARTER 2008 FINANCIAL RESULTS PRESENTATION HEKTAR ASSET MANAGEMENT SDN BHD 5 MAY 2008 PRIVATE & CONFIDENTIAL

  2. Slide 2: Disclaimers

    Disclaimers 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 solely to provide an unde

  3. Slide 3: Financial Summary

    Financial Summary PRIVATE & CONFIDENTIAL 3

  4. Slide 4: Financial Summary – First Quarter 2008

    Financial Summary – First Quarter 2008 1 Jan 2008 – 31 Mar 2008 First Quarter 2008 (3 Months) Operational Net Property Income up 18.2% over Performance Budget* 1st Quarter 2.40 sen DPU 6.9% yield** Frasers Centrepoint on Board Updates Closing of Muar Acquisition *As per Hektar REIT Prospectus dated

  5. Slide 5: Distribution Details

    Distribution Details Hektar REIT Quarterly Dividend Timeline Distribution Period 1 January 2008 – 31 March 2008 Quarterly DPU 2.40 sen Notice of Entitlement 5 May 2008 Ex-Dividend Date 16 May 2008 Book Closure Date 21 May 2008 Distribution Payment Date 3 June 2008 PRIVATE & CONFIDENTIAL 5

  6. Slide 6: Comparative Yields - Malaysia

    Comparative Yields - Malaysia Hektar REIT Dividend Yield Spread (FY2008) ƒ Traded at a 306 bps spread over MGS 10-year as at 30 April 2008 9.00 8.00 306 bps 7.00 6.86 spread 5.80 6.00 Yield (%) 4.90 5.00 3.80 3.52 3.65 4.00 3.00 2.00 1.00 0.00 Hektar REIT 10-year 5-year Bond KLCI 12-month EPF Divide

  7. Slide 7: Updates

    Updates Frasers Centrepoint on Hektar Board ƒ Hektar Asset Management Board Size Expanded to 8 ƒ 2 Directors from Frasers Centrepoint Asset Management (Malaysia) ƒ First Joint Board Meeting on 5 May 2008 Portfolio Updates ƒ Turnover Rent for FY2007: RM0.42 million ƒ Continuing Sold Lot Acquisitions

  8. Slide 8: Portfolio Performance

    Portfolio Performance PRIVATE & CONFIDENTIAL 8

  9. Slide 9: Hektar’s Portfolio - Occupancy

    Hektar’s Portfolio - Occupancy Portfolio occupancy holding well as of 1Q 2008 As of 31 As of 31 As of 31 As of 30 As of 31 As of 31 December December December September December March Property 2003 2004 2005 2006 2007 2008 Subang Parade 97.7% 93.4% 98.3% 98.5% 99.9% 99.8% Mahkota Parade 86.8% 96.9%

  10. Slide 10: Hektar’s Portfolio – Rental Reversions

    Hektar’s Portfolio – Rental Reversions First Quarter 2008 – Rental Reversions Flat ƒ Reversions flat in Melaka market (Mahkota Parade) ƒ Reversions 8% in Subang Parade for renewals / new tenancies ƒ 1Q08: Total of 18 renewals / new tenancies representing 4% of NLA First Quarter No. of New % (3 month

  11. Slide 11: Hektar’s Portfolio – Tenancy Expiry Profile

    Hektar’s Portfolio – Tenancy Expiry Profile Hektar’s Tenancy Expiry Profile 2008 – 2011 ƒ By Property (as of 31 March 2008) Subang Parade No. of NLA of tenancies NLA of tenancies % of Total For Year Ended Tenancies expiring expiring as % of Monthly Rental 31 December Expiring (sq ft) total NLA Incom

  12. Slide 12: Hektar’s Portfolio – Tenancy Expiry Profile

    Hektar’s Portfolio – Tenancy Expiry Profile Portfolio Tenancy Expiry Profile 2008 – 2011 ƒ Combined Portfolio (as of 31 March 2008) Portfolio No. of NLA of tenancies NLA of tenancies % of Total For Year Ended Tenancies expiring expiring as % of Monthly Rental 31 December Expiring (sq ft) total NLA I

  13. Slide 13: Hektar’s Portfolio – Step-Up & Turnover

    Hektar’s Portfolio – Step-Up & Turnover Hektar Tenancy Provisions ƒ Turnover Rent reported by 92% of tenancies vs 86% at IPO ƒ Step-Up provisions in 66% of tenancies vs 58% at IPO 100% 92% 90% 86% 80% 70% 66% 58% 60% As of 31 Mar 2008 50% As of 4 Dec 2006 (IPO) 40% 30% 20% 10% 0% Turnover Rent Provi

  14. Slide 14: Financial Results

    Financial Results PRIVATE & CONFIDENTIAL 14

  15. Slide 15: Income Statement

    Income Statement Gross Revenues up 10.3% over budget For Period 1 January 2008 – 31 March 2008 Actual Budget Variance (RM '000) (RM '000) (%) Gross Rental Income Revenue from Tenancy 17,041 15,663 + 8.8% Car Park 1,740 1,358 + 28.1% Gross Revenues 18,781 17,021 + 10.3% Direct Cost & Property Expense

  16. Slide 16: Income Statement Summary – 1Q08

    Income Statement Summary – 1Q08 1st Quarter Net Property Income exceeds budget by 18.2% For Period 1 January 2008 – 31 March 2008 Actual Budget Variance First Quarter 2008 (RM '000) (RM '000) (%) Gross Revenue 18,781 17,021 + 10.3% Direct Cost & Property Expenses (6,763) (6,851) + 1.3% Net Property

  17. Slide 17: Balance Sheet (as of 31 March 2008)

    Balance Sheet (as of 31 March 2008) RM ('000) Non Current Assets No. of Units Investment Properties 559,405 320,001,000 Current Assets Net Asset Value Per Unit Accounts Receivable 963 Work In Progress 3,386 1.17 Other Debtor / Prepayment / Deposits 17,837 Unit Price, 31 March 2008 Cash and Bank Bala

  18. Slide 18: Contact Us

    Contact Us Investor Relations Hektar Asset Management Sdn Bhd Block A-2-4, Plaza Damas 60 Jalan Sri Hartamas 1 Sri Hartamas 50480 Kuala Lumpur MALAYSIA ℡ +6 03 6201 1011 +6 03 6201 0012 www.HektarREIT.com “CREATING THE PLACES WHERE PEOPLE LOVE TO SHOP” PRIVATE & CONFIDENTIAL 18

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