Slide 1: Conference Call Q1 2020
Conference Call Q1 2020 Dr. Rüdiger Mrotzek Hans Richard Schmitz Niclas Karoff Hans Richard Schmitz 5 May 2020
Slide 2: Development of key figures Q1 2020
Development of key figures Q1 2020 Key figures Q1 2020 Q1 2019 Change Income from rents and leases € 21.8 million € 21.1 million +3.4% Rents like-for-like +0.2% -0.1% Operating result € 7.1 million € 7.4 million -4.8% Profit for the period € 3.3 million € 3.6 million -7.8% Funds from operations € 13
Slide 3: Funds from Operations (FFO)
Funds from Operations (FFO) in € thousand Q1 2020 Q1 2019 Change Income from rents and leases 21,807 21,091 3.4% Income from passed-on incidental costs 3,443 3,296 +4.5% Operating expenses -5,441 -5,357 +1.6% Maintenance -1,150 -1,384 -16.9% Net rental income 18,659 17,646 +5.7% Administrative expen
Slide 4: Portfolio changes
Portfolio Portfolio changes Neu-Isenburg Bonn Aachen Siemensstrasse Krähenhorst/Soenneckenstr. Gut-Dämme-Str./Grüner Weg Asset type Office Office Office Year of construction 2019 2019/2020 2019/2020 Main tenants UBL, Köster Barmer, Bonnfinanz Barmer Leased area 4,500 m2 6,200 m2 8,200 m2 Remaining l
Slide 5: Net Asset Value (NAV) according to EPRA
Net Asset Value (NAV) NAV according to EPRA Share price / NAV in € million 31 Mar 2020 31 Mar 2019 Balance sheet long-term assets 1,240.5 1,203.2 -30.2 % + Balance sheet short-term assets 46.8 15.1 11.69 € - Non-current liabilities and provisions -654.7 -636.6 8.16 € 8.16 € - Current liabilities and
Slide 6: Asset Management: Lease contracts
Asset Management Lease contracts Weighted average lease expiry by type (as of 31 March 2020, in years) Local supply 7.6 8.5 4.9 5.6 6.6 4.1 Office Large-scale High street Other Total retail retail retail portfolio Lease expiry schedule (as of 31 March 2019; % of annual rents) 27.6% 12.6% 3.7% 1.1% 8
Slide 7: Asset Management: Tenant structure
Asset Management Tenant structure Top 10 tenants (as of 31 March 2020) Tenant Sector % of annual rents* EDEKA Group Food retail 11.7% Kaufland Group Food retail 5.8% REWE Group Food retail 5.3% Real Food retail 5.3% OBI DIY retail 4.9% Jobcenter Agency of unemployment 3.2% NetCologne Telecommunicati
Slide 8: Financial situation
Financial situation Expiration of financial liabilities (as of 31 March 2020) 2020 Refinancing/ Bonded loans 56.5 % Repayment Ø interest rate: 1.5% REIT Equity ratio completed Ø maturity: 3.3 years 42.0 % LTV €762.8m 1.6% Financial liabilities* 21.6% 1.98 % 8.2% 12.7% 13.4% Ø cost of debt* 9.5% 6.6%
Slide 9: Current business situation
Current business situation ▪ Successful first quarter 2020 with positive business development ▪ Uncertainty regarding further impact of global coronavirus pandemic ▪ Forecast 2020 withdrawn ▪ Postponement of AGM scheduled for 6 May 2020 ▪ Amount of dividend payment for 2019 subject to reservation ▪
Slide 10: Corona-Update – Rental Operations
Corona-Update – Rental Operations Rental payments April 2020 (as of 30 April 2020) Provisional rent Received suspension/reduction rent payments by approx. 140 tenants (17%) Main sectors 85.0% 12.8% Retail 8.2 % Textile & footwear 1.6 % Furniture Total rents (21.2% of total 0.5 % Toys € 1.4m* retail
Slide 11: Outlook
Outlook ▪ Despite challenging market conditions HAMBORNER well positioned based on its risk-diversified asset and tenant structure ▪ Comfortable financial situation with current liquidity of around € 75 million ▪ 2020 refinancing successfully completed / Currently negotiating 2021 debt maturities ▪
Slide 12: Many thanks for your attention!
Financial Calendar HAMBORNER REIT AG - Financial Calendar Half-year financial report H1 2020 30 July 2020 Quarterly financial statement Q3 2020 11 November 2020 Preliminary figures 2020 4 February 2021 Annual report 2020 17 March 2021 Quarterly financial statement Q1 2021 27 April 2021 Many thanks f
Slide 13: Contact
Contact Niclas Karoff CEO @ n.karoff@hamborner.de Hans Richard Schmitz COO/CFO @ h.schmitz@hamborner.de Christoph Heitmann Head of Investor Relations & Public Relations @ c.heitmann@hamborner.de +49 (0)203 / 54405-32 Conference Call | Q1 2020 13
Slide 14: 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