Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q2 2010 Earnings Presentation

15 slides from Hektar Real Estate Investment Trust's earnings presentation, Aug 3, 2010

  1. Slide 1: Second Quarter 2010 Financial Results Presentation

    SECOND QUARTER 2010 FINANCIAL RESULTS PRESENTATION HEKTAR ASSET MANAGEMENT SDN BHD 3 AUGUST 2010

  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 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 Second Quarter 2010 (2Q10)

    PRIVATE & CONFIDENTIAL 3 Financial Summary Second Quarter 2010 (2Q10) 1 April 2010 – 30 June 2010 Three (3) months Operational & Financial Performance Dividend Distribution ƒ Portfolio Occupancy: ~95.2% Dividend Per Unit ƒ Rent Reversions: + 2% (DPU) : 2.50 sen ƒ Net Income per Unit (Realised) 2.854

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

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Growth Positive Since IPO Current Dividend Distribution Details Second Quarter 2010 ƒ Distribution Di t ib ti P Period: i d 1AAprilil – 30 JJune 2010 ƒ Quarterly DPU: 2.50 sen ƒ Notice of Entitlement: 3 August 2010 ƒ Ex-Dividend Da

  5. Slide 5: Hektar REIT DPU Dividend Yield at annualised 8.1%

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT DPU Dividend Yield at annualised 8.1% ƒ Traded at a 369 bps spread over MGS 10-year Hektar REIT Unit Price Change Hektar REIT Comparative Yields FY2010 YTD (6 months) Unit Price RM 1.24 30 Jun 2010 1.35 1.30 1.25 369 b bps 1.20 sprea

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~95.2% ► Rental Reversions up 2% for 2Q10 ► Tenancy Expiry Profile ►

  7. Slide 7: Overall Portfolio Occupancy at ~95.2%

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~95.2% Hektar REIT Portfolio Occupancy As at 31 As at 31 As at 30 As at 31 As at 31 As at 31 As at 30 December December September December December December June Property 2004 2005 2006 2007 2008 2009 2010 Suba

  8. Slide 8: Rental Reversions flat at +2% for the quarter

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions flat at +2% for the quarter ƒ 2Q 10: 25 new tenancies / renewals at an average 2% higher rental rate ƒ Mahkota Parade rental reversions positive following refurbishment Hektar REIT Rental Reversions: Quarter Second

  9. Slide 9: Hektar REIT 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 30 June 2010 Subang Parade No. of NLA of Tenancies NLA of Tenancies % of Total F Year For Y Ending E di T Tenancies i E ii Expir

  10. Slide 10: Tenancy Portfolio Expiry Profile 2010 – 2013

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2010 – 2013 ƒ FY2010 tenancy expiries account for approximately 15% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As At 30 June 2010 Portfolio No. of NLA of Te

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results Second Quarter 2010 Net Income up 3.2% from previous period ► Year-To-Date 2010 Net Income up 6.6% from previous period ► Hektar REIT trading at a 3.9% discount to NAV as at end 2Q10 ►

  12. Slide 12: Second Quarter '10 Net Income up 3.2% vs previous quarter

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative Second Quarter ‘10 Net Income up 3.2% vs previous quarter For Period 1 April – 30 June 2010 (versus previous comparable period) Income Statement 2Q10 2Q09 Variance Second Q Quarter 2010 (Unaudited) ( ) ((RM '000)) ((RM '000)) (%) Reven

  13. Slide 13: Second Quarter '10 Year-To-Date up 6.6% vs previous period

    PRIVATE & CONFIDENTIAL 13 Income Statement – Quarter Year-To-Date Comparative Second Quarter ‘10 Year-To-Date up 6.6% vs previous period For Period 1 January – 30 June 2010 (versus previous comparable period) Income Statement 1H10 1H09 Variance Year-To-Date ((Unaudited)) ( (RM '000)) ( (RM '000)) ((

  14. Slide 14: Balance Sheet: trading at a 3.9% discount to NAV

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT trading at a 3.9% discount to NAV as at end 2Q10 Balance Sheet As at 30.6.2010 As at 31.12.2009 Unit Price Statistics in RM '000 (Unaudited) (Audited) As at 30 June 2010 Non-Current Assets No. of Units Outstanding Investment Properties 715,973 720,

  15. Slide 15: Contact

    PRIVATE & CONFIDENTIAL 15 Contact “Creating Creating The Places Where People Love To Shop” Shop Investor Relations Hektar Asset Management Sdn Bhd Block C-0-5, Plaza Damas 60 Jalan Sri Hartamas 1 Sri Hartamas 50480 Kuala Lumpur MALAYSIA ℡Tel: +6 03 6201 1011 Fax: +6 03 6201 0012 Web: www.HektarREIT.

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