Hamborner Reit Ag · XETR:HABA
Hamborner Reit — Q3 2020 Earnings Presentation
15 slides from Hamborner Reit's earnings presentation, Nov 10, 2020
Slide 1: Conference Call Q3 2020
Conference Call Q3 2020 Dr. Rüdiger Mrotzek Hans Richard Schmitz Niclas Karoff Hans Richard Schmitz 10 November 2020
Slide 2: Update 9-months 2020 Highlights
Update 9-months 2020 Highlights ▪ HAMBORNER’s business model has continued to prove its high stability, resulting in further growth in revenues and earnings in the first nine months Solid operational of 2020 business ▪ Income from rents and leases up by 3.9% to € 66.2m and FFO up by 2.5% to developm
Slide 3: Development of key figures
Development of key figures Q3 2020 Key figures Q1-Q3 2020 Q1-Q3 2019 Change Income from rents and leases € 66.2 million € 63.7 million +3.9% Rents like-for-like -0.6% -0.3% Operating result € 9.0 million € 26.8 million -66.5% Profit for the period € 0.1 million € 15.3 million -99.6% Funds from opera
Slide 4: Portfolio development: Asset Disposals
Portfolio development Asset Disposals Osnabrück Asset type: High Street Retail Selling price: €5.9 million Book value: €3.1 million Annual rental income: €0.3 million WALT: 1.8 years Transfer of posession: 1 September 2020 Oldenburg Asset type : High Street Retail Selling price : €4.6 million Book v
Slide 5: Asset management: Lease contracts
Asset management Lease contracts Weighted average lease expiry by type (as of 30 September 2020, in years) Retail 7.4 8.1 5.3 6.5 4.9 4.9 Office Large-scale High street Other Total retail retail retail portfolio Lease expiry schedule (as of 30 September 2020; % of annual rents) 29.9% 13.7% 12.5% 4.8
Slide 6: Asset management: Tenant structure
Asset management Tenant structure Top 10 tenants (as of 30 September 2020) Sector distribution (as of 30 September 2020) Tenant Sector Rent(1) Sector Rent(1) EDEKA Food retail 11.6% Food 32.8 % Kaufland Food retail 5.7% IT/Communication 10.3% REWE Food retail 5.3% Textile 8.8% DIY 8.0% Real Food ret
Slide 7: Rental operations – Corona Update
Corona Update Asset management Rental operations – Corona Update Rent collection rates(1) (as of 31 October 2020) Impact of legal moratorium for rent deferrals 99.4% 95.6% 98.7% 98.7% 98.7% 98,8% 90.8% 93.3% March April May June July August September October 2020 2020 2020 2020 2020 2020 2020 2020 D
Slide 8: Rental operations – Corona Update
Corona Update Rental operations – Corona Update Asset management achievements (as of 31 October 2020) ▪ Limited rent deferrals (€ 0.4m(1)) and reductions / waivers (€ 0.7m(1)) ▪ Early prolongation of rental contracts (Ø lease prolongation: 24 months) ▪ Corresponds to € 11m additional rental income f
Slide 9: Funds from Operations (FFO) Profit and loss statement
Funds from Operations (FFO) Profit and loss statement in € thousand 9M 2020 9M 2019 Change 1▪ Increase primarily attributable 1 Income from rents and leases 66,207 63,735 +3.9% to new acquisitions; on a l-f-l Income from passed-on basis reduction of €0.4m in the 10,654 10,166 +4.8% first nine months
Slide 10: Net Asset Value (NAV) according to EPRA
Net Asset Value (NAV) NAV according to EPRA in € million 30 Sep 2020 31 Dec 2019 ▪1 Increase of long-term assets (incl. hidden reserves) resulting 1 Balance sheet long-term assets 1,242.2 1,224.0 from newly acquired assets, partly offset by negative H1- 2 + Balance sheet short-term assets 64.3 10.7
Slide 11: Financial situation
Financial situation Expiration of financial liabilities (as of 30 September 2020) 55.8 % REIT Equity ratio Ø Refinancing interest rates 42.5 % 2020: 1.8% LTV 2021: 1.1% 1.6% €776.6m 21.0% Financial liabilities(1) 8.1% 12.4% 13.1% 1.87 % 9.3% 9.7% Ø cost of debt (1) 8.3% 6.8% 2.6% 2.8% 3.0% 1.2% 5.2
Slide 12: Dividend update, guidance and outlook
Dividend update, guidance and outlook Dividend (for 2019) ▪ Dividend of €0.47 per share (choice of cash or scrip dividend for first time) ▪ Scrip dividend acceptance rate: 25.73% ▪ Issuance of 861,922 new HAMBORNER shares at a subscription price of €7.854 per share ▪ Liquidity advantage of approx. €
Slide 13: Appendix: Financial Calendar
Appendix Financial Calendar HAMBORNER REIT AG - Financial Calendar Preliminary figures 2020 4 February 2021 Annual report 2020 17 March 2021 Quarterly financial statement Q1 2021 27 April 2021 Annual General Meeting 2021 29 April 2021 Many thanks for your attention! Q3 2020 | 10 November 2020 13
Slide 14: HAMBORNER Management
Appendix HAMBORNER Management Niclas Karoff CEO Mail: n.karoff@hamborner.de Hans Richard Schmitz COO/CFO Mail: h.schmitz@hamborner.de Christoph Heitmann Head of Investor Relations & Public Relations Mail: c.heitmann@hamborner.de Phone: +49 (0)203 / 54405-32 Q3 2020 | 10 November 2020 14
Slide 15: 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