Hamborner Reit Ag · XETR:HABA
Hamborner Reit — Q3 2021 Earnings Presentation
18 slides from Hamborner Reit's earnings presentation, Nov 9, 2021
Slide 1: Conference Call Q3 2021
Conference Call Q3 2021 Niclas Karoff Hans Richard Schmitz 9 November 2021 Office Property Ratingen
Slide 2: Highlights 9M 2021
Highlights 9M 2021 ▪ Stable operational development, including consistently high rent collection rates Reliable operational ▪ Rental income with €63.9m approx. 3.5% below 9M 2020 business ▪ Strong letting results - approx. 122,000m² YTD ▪ FFO on previous year’s level at €42.3m Portfolio development
Slide 3: Key Figures 9M 2021
Key Figures 9M 2021 Key figures 9M 2021 9M 2020 Change Profit and loss statement Income from rents and leases €63.9m €66.2m -3.5 % Operating result €27.9m €9.0m n/a Profit for the period €53.8m €0.1m n/a Key KPIs Funds from Operations (FFO) €42.3m €42.3m -0.1 % Funds from Operations (FFO) per share
Slide 4: Portfolio Key Metrics as of 30 September 2021
Portfolio Key Metrics as of 30 September 2021 Portfolio share Retail Office Total Portfolio(1) high-street(1) Number of properties 41 26 67 6 Fair value €862.9m €681.2m €1,544.1m €82.2m Leased area 385,328 m² 215,689 m² 601,016 m² 38,520 m² Annualized rent €50.0m €33.5m €83.6m €5.7m Annualized renta
Slide 5: Investments 2021
Investments 2021 Mainz Stuttgart Münster Freiburg Asset type Office (Single-tenant) Office (Multi-tenant) Office (Multi-tenant) Retail (Single-tenant) Investment approach ‘Manage-to-core‘ ‘Manage-to-core‘ ‘Core‘ ‘Core‘ Year of construction 1994 1991 2021 2018 Leased area 7,700 m2 5,930 m2 6,300 m2 1
Slide 6: Strategic disposal programme | Proactive portfolio management
Strategic disposal programme | Proactive portfolio management Recent Disposal Residual high-street portfolio Property Dortmund Sales price €29.5m Annual rents €1.7m Latest fair value €29.5m Total portfolio €1,544.1m Divestments since strategy update in July 2020 Total Thereof high-street No. of asse
Slide 7: Tenant base
Tenant base Top-10 tenants (as of 30 September 2021) Sector distribution (as of 30 September 2021) Tenant Sector Rent(1) Sector Rent(1) EDEKA Food retail 11.5% Food 33.0% Kaufland Food retail 6.9% IT/Communication 10.1% REWE Food retail 5.7% DIY 8.7% OBI DIY 5.3% Finance/Insurance 8.2% real Food ret
Slide 8: Lease Contracts
Lease Contracts Weighted average lease expiry (as of 30 September 2021) Letting result (9M 2021) 121,511 m² 6.9 years 77,153 m² 4.9 years 6.1 years 44,358 m² Retail Office Total New lettings Contract extensions Total Lease expiry schedule (as of 30 September 2021; % of annual rents) 8.1% 6.4% 2.3% 1
Slide 9: Corona Update
Corona Update Rent collection rates(1) (as of 5 November 2021) Lockdown 96.4% 97.0% 97.4% 98.0% 98.1% 98.9% 99.4% 99.3% 99.3% 99.2% 98.3% January February March April May June July August September October Total 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 (1) Including ancillary costs and
Slide 10: Funds from Operations (FFO)
Funds from Operations (FFO) in k€ 9M 2021 9M 2020 Change Comments 1 Income from rents and leases 63,912 66,207 -3.5% ▪1 Decline in rental income mainly due to Income from passed on costs 10,732 10,654 +0.7% property disposals (€-4.3m) and pandemic- related risk provisioning (€-0.5m); Operating expen
Slide 11: EPRA Net Asset Value (NAV) & Net Tangible Assets (NTA)
EPRA Net Asset Value (NAV) & Net Tangible Assets (NTA) in k€ 30 September 2021 31 December 2020 Comments 1 Long-term assets 1,124,121 1,200,826 ▪1 Decrease in long-term assets mainly related 2 Short-term assets 201,451 64,958 to property disposals 3 Non-current liabilities and provisions -724,205 -6
Slide 12: Financial situation
Financial situation Expiration of financial liabilities (as of 30 September 2021) 58.6 % REIT Equity ratio Ø Refinancing interest rate 2021 43.5 % 1.0% LTV 1.6% €760.3m Financial liabilities(1) 20.3% 8.2% 12.1% 12.9% 1.68 % 10.7% Ø cost of debt(1) 7.8% 8.1% 7.1% 2.9% 2.5% 2.8% 3.0% 5.0 years Ø matur
Slide 13: ESG management | Environmental Sustainability
ESG management | Environmental Sustainability Key Action Area Progress 2020/2021 Status(1) Next steps / short- to medium-term targets ▪ Data management optimisation and database expansion Target Ongoing ▪ Ongoing systematization of recording and analysis of ESG data ▪ Creation of detailed report on
Slide 14: ESG management | Employee development & Governance
ESG management | Employee development & Governance Key action area Progress 2020/2021 Status(1) Next steps / short- to medium-term targets ▪ Review and implementation of further measures to enhance ▪ Enhanced flexibitly of working model Target 100% 0% 20% 40% 60% 80% 100 % employer attractiveness ▪
Slide 15: Guidance Update
Guidance Update Guidance 2021 ▪ Rental income: Confirmation of guidance range of €83 - 85m ▪ FFO: €48 - 50m €52 - 53m ▪ NAV per share expected to reach slightly higher level compared to year-end 2020 (€11.05) 15
Slide 16: Financial Calendar 2021/2022
Financial Calendar 2021/2022 Preliminary figures 2021 8 February 2022 Annual report 2021 17 March 2022 Quarterly financial statement Q1 2022 26 April 2022 Annual General Meeting 2022 28 April 2022 Financial results H1 2022 9 August 2022 Quarterly financial statement Q3 2022 10 November 2022 16
Slide 17: Contact
Contact Niclas Karoff Hans Richard Schmitz CEO COO / CFO E-Mail: n.karoff@hamborner.de E-Mail: h.schmitz@hamborner.de Christoph Heitmann HAMBORNER REIT AG Head of Investor Relations & Web: www.hamborner.de Public Relations E-Mail: c.heitmann@hamborner.de Mail: info@ir.hamborner.de Tel.: +49 (0)203 /
Slide 18: Many thanks for your attention!
Many thanks for your attention! 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 availa