Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q4 2013 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, Feb 12, 2014

  1. Slide 1: Fourth Quarter 2013 Financial Results Presentation

    FOURTH QUARTER 2013 FINANCIAL RESULTS PRESENTATION 12 FEBRUARY 2014 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 2013

    PRIVATE & CONFIDENTIAL 3 Financial Summary Fourth Quarter FY 2013 1 October 2013 – 31 December 2013 Commentary  4Q2013 Interim Distribution Per Unit: 2.7 sen  Seven Years Track Record of Positive Results Operational & Financial Performance (Fourth Quarter) Distribution and Yield  Portfolio Occupa

  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 2013 Distribution Policy Barring unforeseen circumstances, Hektar  Distribution Period: 1 Oct 2013 – 31 Dec 2013 REIT will pay distributions equival

  5. Slide 5: Comparative Yields - Malaysia

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Distribution Yield at approximately 7.0%  Traded at a 282 bps spread over MGS 10-year  Unit Price increased by 2.7% since beginning of the year Hektar REIT Unit Price Change Hektar REIT Comparative Yields FY2013 (12 months) Unit Pr

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~95.0% ► Rental Reversions +3.4% for 4Q13 ► Tenancy Expiry Profile ► 44% of Portfolio Tenancy Rental Income Expires in 2014 ►

  7. Slide 7: Hektar REIT Portfolio - Occupancy

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Central Square occupancy rate stabilized as tenancy remixing activity progresses on. Overall Portfolio Occupancy at ~95.0% Hektar REIT Portfolio Occupancy As at As at As at As at As at As at As at As at As at As at 31 Dec 31 Dec 31 Dec 31 De

  8. Slide 8: Hektar REIT Portfolio – Rental Reversions

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions +7.0% for FY 2013  4Q 13: 36 new tenancies / renewals at 9.6% reversion rate  Tenant remixing exercises at Kedah Malls, resulting in high reversion. Hektar REIT Rental Reversions: Quarter Fourth Quarter No. of New

  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 2013 No. of NLA of Tenancies NLA of Tenancies % of Total Subang Parade For Year Ending Tenancies Expiring Expiring as % of Monthly Rental 35% 38% 45% 33% 31 Decemb

  10. Slide 10: Tenancy Portfolio Expiry Profile 2014 – 2016

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2014 – 2016  FY2014 - 198 tenancy expiries account for approximately 44% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 31 December 2013 Portfolio No. of

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results Gross Revenue up 4.7% and NPI up 10.3% from preceding year ► 4Q2013 Net Income (Realised) up 21.7% from preceding year ► Hektar REIT Average Cost of Debt at 4.6% ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 4Q2013 Net Income (Realised) up 21.7% vs corresponding quarter 4Q2012  Increase in Interest & Other Income due to bad debts recovered during the year. Income Statement 4Q13 4Q12 Variance Fourth Quarter 2013 (Unaudited) (RM '000) (RM '

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

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative For Period 1 January – 31 December 2013 (versus previous comparable period) Income Statement FY13 FY12 Variance Year-To-Date FY13 (Unaudited) (RM '000) (RM '000) (%) Revenue 120,235 103,232 + 16.5% Direct Cost & Property Expenses

  14. Slide 14: Hektar REIT’s Balance Sheet for 4Q2013

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 4Q2013 Balance Sheet As at 31.12.2013 As at 31.12.2012 (Unaudited) (RM '000) (RM '000) Unit Price Statistics Non-Current Assets As at 31 Dec 2013 Investment Properties 1,047,280 1,028,970 Capital Work in Progress 1,740 533 No. o

  15. Slide 15: Debt Profile

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for 4Q 2013 Debt Expiry Profile As at 31 Dec 2013 Debt Information 500 As at 31 Dec 2013 450 RM million 400 350  Total Debt: RM436 million 300 250  Weighted Cost of Debt: 4.6% 200 150  Gearing Ratio1: 40.2% 100  Interest Cover2: 6.42 50 0 FY201

  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 webs

Hektar Real Estate Investment Trust — Q4 2013 Earnings Presentation on 6ix