Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q4 2014 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, Feb 13, 2015

  1. Slide 1: Fourth Quarter 2014 Financial Results Presentation

    FOURTH QUARTER 2014 FINANCIAL RESULTS PRESENTATION 13 FEBRUARY 2015 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 2014

    PRIVATE & CONFIDENTIAL 3 Financial Summary Fourth Quarter FY 2014 1 October 2014 – 31 December 2014 Commentary  4Q2014 Interim Distribution Per Unit: 2.7 sen  Reduction in Realised Net Income due to tariff hike and AEI. Operational & Financial Performance Fourth Quarter) Distribution and Yield  P

  4. Slide 4: Distribution Details

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Positive Growth Since IPO Current Distribution Details Hektar REIT Forth Quarter 2014 Distribution Policy Barring unforeseen circumstances, Hektar  Distribution Period: 1 Oct 2014 – 31 Dec 2014 REIT will pay distributions equivale

  5. Slide 5: Comparative Yields - Malaysia

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Distribution Yield at approximately 7.0%  Traded at a 287 bps spread over MGS 10-year  Unit Price decreased by 0.7% since beginning of the year Hektar REIT Unit Price Change Hektar REIT Comparative Yields 4Q2014 (12 months) Unit Pr

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~94.3% ► Rental Reversions +1% for 4Q14 ► Tenancy Expiry Profile ► 47% of Portfolio Tenancy Rental Income Expires in 2015 ►

  7. Slide 7: Hektar REIT Portfolio - Occupancy

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~94.3% Hektar REIT Portfolio Occupancy As at As at As at As at As at As at As at As at As at As at As at As at As at As at 31 Dec 31 Dec 30 Sep 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Mar 30 Jun 30

  8. Slide 8: Hektar REIT Portfolio – Rental Reversions

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions +1.0% for 4Q 2014  High reversion rates at Central Square as AEI progresses Hektar REIT Rental Reversions: Quarter Fourth Quarter No. of New % (3 months) Tenancies / NLA % of Increase / (Decrease) Over (Ended 31 De

  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 2014 Subang Parade No. of NLA of Tenancies NLA of Tenancies % of Total 47% 38% 35% For Year Ending Tenancies Expiring Expiring as % of Monthly Rental 29% 33% 31 De

  10. Slide 10: Tenancy Portfolio Expiry Profile 2015 – 2017

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2015 – 2017  FY2015 - 191 tenancy expiries account for approximately 47% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 31 December 2014 Portfolio No. of

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results 4Q2014 Gross Revenue up 1.3%; NPI down 5.9% from preceding year ► 4Q2014 Net Income (Realised) down 12.9% from preceding year ► Hektar REIT Average Cost of Debt at 4.8% ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 4Q2014 Net Income (Realised) down 12.9% vs corresponding quarter 4Q2013 Income Statement 4Q14 4Q13 Variance Fourth Quarter 2014 (Unaudited) (RM '000) (RM '000) (%) Revenue 30,828 30,431 + 1.3% Direct Cost & Property Expenses (11,970) (

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

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative For Period 1 January – 31 December 2014 (versus previous comparable period) Income Statement 1Y14 1Y13 Variance Year-To-Date (Unaudited) (RM '000) (RM '000) (%) Revenue 121,991 120,235 + 1.5% Direct Cost & Property Expenses (48,71

  14. Slide 14: Hektar REIT’s Balance Sheet for 4Q2014

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 4Q2014 Balance Sheet As at 30.12.2014 As at 31.12.2013 (Unaudited) (RM '000) (RM '000) Unit Price Statistics Non-Current Assets As at 31 Dec 2014 Investment Properties 1,060,732 1,047,280 Capital Work in Progress 21,679 1,740 No

  15. Slide 15: Debt Profile

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for 4Q 2014 Debt Expiry Profile As at 31 December 2014 Debt Information 600 As at 31 December 2014 550 500  Total Debt: RM million RM453 million 450 400  Weighted Cost of Debt: 4.8% 350 300 250  Gearing Ratio1: 40.9% 200 150  Interest Cover2: 4

  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

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