Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q4 2015 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, Feb 16, 2016

  1. Slide 1: Fourth Quarter 2015 Financial Results Presentation

    FOURTH QUARTER 2015 FINANCIAL RESULTS PRESENTATION 16 FEBRUARY 2016 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 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 Fourth Quarter FY 2015

    PRIVATE & CONFIDENTIAL 3 Financial Summary Fourth Quarter FY 2015 1 October 2015 – 31 December 2015 Commentary ƒ 4Q2015 Interim Distribution Per Unit: 2.7 sen ƒ Negative net income due to fair value loss from asset valuation Operational & Financial Performance (Fourth Quarter) Distribution and Yield

  4. Slide 4: Distribution Details

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Positive Growth Since IPO Current Distribution Details Hektar REIT Fourth Quarter 2015 Distribution Policy Barring unforeseen circumstances, Hektar ƒ Distribution Period: 1 Oct 2015 – 31 Dec 2015 REIT will pay distributions equival

  5. Slide 5: Comparative Yields - Malaysia

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Distribution Yield at approximately 6.9% ƒ Traded at a 295 bps spread over MGS 10-year ƒ Unit Price increased by 1.3% since beginning of the year Hektar REIT Unit Price Change Hektar REIT Comparative Yields 4Q 2015 (12 months) Unit P

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~96.6% ► Rental Reversions +3.4% for 4Q15 ► Tenancy Expiry Profile ► 37% 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 ~96.6% Central Square’s occupancy further improves; Landmark Central reaches near full occupancy 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

  8. Slide 8: Rental Reversions +3.4% for 4Q 2015

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions +3.4% for 4Q 2015 ƒ Negative reversion recorded at Mahkota Parade and Wetex Parade Hektar REIT Rental Reversions: Quarter Mahkota Parade : Fourth Quarter No. of New % Lower rental rate (3 months) Tenancies / NLA % o

  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 December 2015 Subang Parade No. of NLA of Tenancies NLA of Tenancies % of Total 36% 38% 38% For Year Ending Tenancies Expiring Expiring as % of Monthly Rental 34% 28% 31 De

  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 37% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 30 September 2015 Portfolio No. o

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results 4Q2015 Gross Revenue and NPI up 3.6% from preceding year ► 4Q2015 Net Income (Realised) down 3.8% from preceding year ► Hektar REIT Average Cost of Debt at 4.9% ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 4Q2015 Net Income (Realised) down 3.8% vs corresponding quarter 4Q2014 Income Statement 4Q15 4Q14 Variance Fourth Quarter 2015 (Unaudited) (RM '000) (RM '000) (%) Revenue 31,931 30,828 + 3.6% Direct Cost & Property Expenses (12,396) (1

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

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative For Period 1 January – 31 December 2015 (versus previous comparable period) Income Statement FY15 FY14 Variance Year-To-Date (Unaudited) (RM '000) (RM '000) (%) Revenue 125,511 121,991 + 2.9% Direct Cost & Property Expenses (49,02

  14. Slide 14: Balance Sheet

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 4Q2015 Balance Sheet As at 31.12.2015 As at 31.12.2014 (Unaudited) (RM '000) (RM '000) Non-Current Assets Unit Price Statistics Investment Properties 1,086,580 1,060,732 As at 31 Dec 2015 Capital Work in Progress 335 21,679 Fixe

  15. Slide 15: Debt Profile

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for 4Q 2015 Debt Expiry Profile As at 31 December 2015 Debt Information 600 550 As at 31 December 2015 500 ƒ Total Debt: RM million 450 RM494 million 400 ƒ Weighted Cost of Debt: 4.9% 350 300 ƒ Gearing Ratio1: 44.2% 250 200 ƒ Interest Cover2: 1.22

  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 website

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