Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q1 2016 Earnings Presentation

15 slides from Hektar Real Estate Investment Trust's earnings presentation, Apr 25, 2016

  1. Slide 1: First Quarter 2016 Financial Results Presentation

    FIRST QUARTER 2016 FINANCIAL RESULTS PRESENTATION 25 APRIL 2016 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 2016

    PRIVATE & CONFIDENTIAL 3 Financial Summary First Quarter FY 2016 1 January 2016 – 31 March 2016 Commentary ƒ 1Q2016 Interim Distribution Per Unit: 2.6 sen ƒ Net Income for the period down 3.5% Operational & Financial Performance (First Quarter) Distribution and Yield ƒ Portfolio Occupancy: ~ 96.1% ƒ

  4. Slide 4: Distribution Details

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Positive Growth Since IPO Current Distribution Details Hektar REIT First Quarter 2016 Distribution Policy Barring unforeseen circumstances, Hektar ƒ Distribution Period: 1 Jan 2016 – 31 Mar 2016 REIT will pay distributions equivale

  5. Slide 5: Comparative Yields - Malaysia

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Distribution Yield at approximately 6.9% ƒ Traded at a 293 bps spread over MGS 10-year ƒ Unit Price reduced by 1.3% since beginning of the year Hektar REIT Unit Price Change Hektar REIT Comparative Yields 1Q 2016 (3 months) Unit Pric

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~96.1% ► Rental Reversions -2.4% for 1Q16 ► Tenancy Expiry Profile ► 35% of Portfolio Tenancy Rental Income Expires in 2016 ►

  7. Slide 7: Hektar REIT Portfolio - Occupancy

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~96.1% Occupancy rate at Central Square continues to improve 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 As at As at As at As at 31 Dec 31 Dec 30 Sep

  8. Slide 8: Rental Reversions -2.4% for 1Q 2016

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions -2.4% for 1Q 2016 ƒ Negative reversion recorded at Mahkota Parade and Wetex Parade Hektar REIT Rental Reversions: Quarter Mahkota Parade : First Quarter No. of New % Rental reduction (3 months) Tenancies / NLA % of

  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 31 March 2016 Subang Parade No. of NLA of Tenancies NLA of Tenancies % of Total 32% 36% 38% 38% 28% For Year Ending Tenancies Expiring Expiring as % of Monthly Rental 19% 31 D

  10. Slide 10: Tenancy Portfolio Expiry Profile 2016 – 2019

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2016 – 2019 ƒ FY2016 - 176 tenancy expiries account for approximately 35% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 31 March 2016 Portfolio No. of NL

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results 1Q2016 Gross Revenue up 1.3%; NPI up 0.3% from preceding year ► 1Q2016 Net Income (Realised) down 3.5% from preceding year ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 1Q2016 Net Income down 3.5% vs corresponding quarter 1Q2016 Income Statement 1Q16 1Q15 Variance First Quarter 2016 (Unaudited) (RM '000) (RM '000) (%) Revenue 31,603 31,211 + 1.3% Direct Cost & Property Expenses (12,929) (12,590) + 2.7

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

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative For Period 1 January – 31 December 2016 (versus previous comparable period) Income Statement FY16 FY15 Variance Year-To-Date (Unaudited) (RM '000) (RM '000) (%) Revenue 31,603 31,211 + 1.3% Direct Cost & Property Expenses (12,929)

  14. Slide 14: Balance Sheet

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 1Q2016 Balance Sheet As at 31.3.2016 As at 31.12.2015 (Unaudited) (RM '000) (RM '000) Unit Price Statistics Non-Current Assets As at 31 March 2016 Investment Properties 1,086,910 1,086,580 Capital Work in Progress 700 335 No. of

  15. Slide 15: Creating The Places Where People Love To Shop

    PRIVATE & CONFIDENTIAL 15 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 website

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