Slide 1: Conference Call H1 2024
Conference Call H1 2024 8 August 2024 Office property ‚EUREF-Campus‘ Berlin
Slide 2: Key Figures H1 2024
Key Figures H1 2024 €46.7m €28.3m €0.35 Rental income FFO FFO per share €9.75 2.9% NAV per share EPRA vacancy rate 6.1 years 54.1% WALT REIT equity ratio 45.1% 9.8x LTV Net debt/EBITDA1 1 Net financial debt (average last five quarters) in relation to EBITDA adjusted by result from sales (last twelve
Slide 3: Rent development
Rent development Development of annualized rents (year-on-year)1 +€1.9m +€0.7m €90.5m +0.8% +€1.6m €86.3m +2.2% +1.9% Annualized rents Acquisitions Indexation Re-lettings/ Annualized rents 30 June 2023 Vacancy change 30 June 2024 Rent development like-for-like (year-on-year)1 Asset class Total portf
Slide 4: Funds from operations (FFO)
Funds from operations (FFO) in k€ H1 2024 H1 20231 Change Comments 1 Income from rents and leases 46,650 44,814 +4.1% ▪1 Increase in income from rents and leases Income from passed on costs 6,449 6,532 -1.3% mainly due to property additions and indexation effects. Operating expenses -10,660 -10,662
Slide 5: Portfolio key metrics as of 30 June 2024
Portfolio key metrics as of 30 June 2024 Asset class Total portfolio Investment approach Retail % Office % Split Core % Manage-to-Core1 % Number of properties 39 28 67 64 95.5% 3 4.5% Fair Value €832.8m 56.9% €630.5m 43.1% €1,463.2m €1,419.9m 97.0% €43.3m 3.0% Leased area 393,250 m² 63,1% 229,703 m²
Slide 6: Tenant base
Tenant base Top-10 tenants (as of 30 June 2024) Sector distribution (as of 30 June 2024) Tenant Sector Rent1 Sector Rent1 EDEKA Group Food retail 13.6% Food 33.1% Kaufland Group Food retail 7.1% DIY 11.4% REWE Group Food retail / DIY 6.9% IT / Communication 9.7% OBI DIY 6.6% Finance / Insurance 7.2%
Slide 7: Leasing situation
Leasing situation Weighted average lease expiry (as of 30 June 2024) Letting result H1 2024 24,633 m² 20,661 m² 38% 29% 7.4 years 71% 62% 6.1 years 3,972 m² 4.5 years 85% 15% New lettings Contract extensions Total Retail Office Total Retail Office 30,0% Lease expiry schedule (as of 30 June 2024; in
Slide 8: Financial situation
Financial situation Expiration Expirationofoffinancial financialliabilities liabilities (as(as of 30 of June 2024) 31 December 2021) 54.1% REIT equity ratio 45.1% LTV 1.8 % 9.8x Net debt/EBITDA1 19.6% 5.6x 16.2% EBITDA/Interest coverage 15.5% 13.2% 12.3% 9.1% €692.0m 7.3% Financial liabilities 3.1%
Slide 9: Outlook
Outlook Full-year guidance 2024 Main influencing factors + Stable and reliable cashflows - Increasing cost effects in H2 2024 €91.0m - €92.5m - Maintenance expenses Rental income + Property additions 2023 (incl. cost shifting from 2023) - Operating expenses + Further indexation effects (incl. implem
Slide 10: Contact
Contact Niclas Karoff Sarah Verheyen CEO/CFO COO/CIO E-Mail: n.karoff@hamborner.de E-Mail: s.verheyen@hamborner.de Christoph Heitmann HAMBORNER REIT AG Head of Investor Relations, Financing www.hamborner.de & Corporate Communications info@ir.hamborner.de E-Mail: c.heitmann@hamborner.de +49 (0)203/54
Slide 11: Disclaimer
This presentation has been prepared and/or issued by HAMBORNER REIT AG (hereinafter "HAMBORNER") solely for information purposes. This presentation may contain statements, assumptions, opinions and predictions about the anticipated future development of HAMBORNER ("forward-looking statements") that