Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q2 2018 Earnings Presentation

17 slides from Hektar Real Estate Investment Trust's earnings presentation, Aug 16, 2018

  1. Slide 1: Second Quarter 2018 Financial Results Presentation

    SECOND QUARTER 2018 FINANCIAL RESULTS PRESENTATION 16 AUGUST 2018 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 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 solely t

  3. Slide 3: Financial Summary 2Q FY 2018

    PRIVATE & CONFIDENTIAL 3 Financial Summary 2Q FY 2018 1st April 2018 – 30th June 2018 Commentary  2Q 2018 Dividend per unit (DPU) of 2.30sen Gross revenue up 10% , NPI up 8% Realised Net Income for the period fell 2.2% Retail business in Malaysia slowly seeing improvement; The portfolio net inc

  4. Slide 4: Distribution Details

    PRIVATE & CONFIDENTIAL 4 Distribution Details Current Distribution Details for FY2018 Hektar REIT Second Quarter 2018 Distribution Policy Barring unforeseen circumstances, Hektar Distribution Period: 1 April 2018 – 30 June 2018 REIT will pay distributions equivalent to at Quarterly DPU: 2.30 sen l

  5. Slide 5: Portfolio Performance

    PRIVATE & CONFIDENTIAL 5 Portfolio Performance Overall Occupancy at ~92.9% ► Rental Reversions 7.8% for 2Q18 ► Tenancy Expiry Profile ►

  6. Slide 6: Hektar REIT Portfolio - Occupancy

    PRIVATE & CONFIDENTIAL 6 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~92.9% Overall Portfolio Track Record of above 90% since 2004 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 As at As at As at As at As at 31

  7. Slide 7: Hektar REIT Portfolio – Occupancy (Continued)

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio – Occupancy (Continued) Hektar REIT Portfolio Occupancy Central Square Occupancy (%) Kulim Central Occupancy (%) Segamat Central Occupancy (%) 100% 100% 100.0% 90% 90.0% 90% 80% 80.0% 80% Portfolio Occupancy (%) 100.0% 95.0% 90.0% 85.0% 80.0% '04 '05 '0

  8. Slide 8: Hektar REIT Portfolio – Rental Reversions

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Subang Parade:. Rental Reversions 7.8% for 2Q 2018 1)3 tenants renewed at higher than  Positive reversion recorded at Mahkota Parade, Wetex Parade, Central Square previous rental and 2 tenants were renewed with lower rate. and Kulim

  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 30 June 2018 Subang Parade Subang Parade No. of NLA of Tenancies 46% 41% For Year Ending Tenancies NLA of Tenancies Expiring Expiring as % of % of Total Monthly 30 June Expiri

  10. Slide 10: Hektar REIT Portfolio – Tenancy Expiry Profile

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Hektar REIT Tenancy Expiry Profile by Property as at 30 June 2018 Central Square Central Square No. of NLA of Tenancies NLA of Tenancies 55% For Year Ending Tenancies Expiring Expiring as % of % of Total Monthly 44% 30 June Exp

  11. Slide 11: Tenancy Portfolio Expiry Profile 2018 – 2020

    PRIVATE & CONFIDENTIAL 11 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2018 – 2020  FY2018 – 184 tenancy expiries account for approximately 40% of monthly rental income* Reduced from 49% in 1Q 2018 Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 30 Ju

  12. Slide 12: Financial Results

    PRIVATE & CONFIDENTIAL 12 Financial Results 2Q2018 Gross Revenue up 9.9%; NPI up 8.2% from preceding year ► 2Q2018 Realised Income down 1.0% from preceding year ►

  13. Slide 13: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 13 Income Statement – Quarter Comparative 2Q2018 Revenue up 9.9%, NPI up 8.2%, Realised Income down 1.0% vs corresponding quarter 2Q2017 Income Statement 2Q18 2Q17 Variance Second Quarter 2018 (Unaudited) (RM '000) (RM '000) (%) Revenue 33,848 30,787 +9.9% Direct Cost & Proper

  14. Slide 14: Income Statement – Year-To-Date Comparative

    PRIVATE & CONFIDENTIAL 14 Income Statement – Year-To-Date Comparative For Period 1 January – 30 June 2018 (versus previous comparable period) Income Statement FY18 FY17 Variance Year-To-Date (Unaudited) (RM '000) (RM '000) (%) Revenue 67,807 61,644 +10.0% Direct Cost & Property Expenses (28,869) (25

  15. Slide 15: Balance Sheet

    PRIVATE & CONFIDENTIAL 15 Balance Sheet Hektar REIT’s Balance Sheet for 2Q 2018 Balance Sheet As at 30.6.2018 As at 31.12.2017 (Unaudited) (RM '000) (RM '000) Non-Current Assets Investment Properties 1,194,569 1,194,569 Plant & Equipment 101 94 Unit Price Statistics Capital Work in Progress 27,684 1

  16. Slide 16: Debt Profile

    PRIVATE & CONFIDENTIAL 16 Debt Profile Debt Profile for 2Q 2018 Financing Details Al-Murabahah / OD Debt Information Fixed Term Loan, Annual Floating Rate with Partial Hedging As at 31 March 2018 Structure: Cost of Funds + 0.70% Tranche 3  Total Debt: RM563 million Tranche 1 Tranche 2  Term: 5 Yea

  17. Slide 17: Creating The Places Where People Love To Shop

    PRIVATE & CONFIDENTIAL 17 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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