Slide 1: Conference Call H1 2021
Conference Call H1 2021 Niclas Karoff Hans Richard Schmitz 29 July 2021 Büroobjekt Ratingen
Slide 2: Highlights H1 2021
Highlights H1 2021 ▪ Stable operational development in H1 2021 despite ongoing challenging market environment Reliable operational ▪ HAMBORNER continues to benefit from risk-diversified portfolio and high-quality tenant profile business – including ▪ Rental income of €42.9m slightly below previous y
Slide 3: Key Figures H1 2021
Key Figures H1 2021 Key figures 30 June 2021 30 June 2020 Change Profit and loss statement Income from rents and leases €42.9m €43.9m -2.1% Operating result €19.7m -€0,8m n/a Profit for the period €45.1m -€8.5m n/a Key KPIs Funds from Operations (FFO) €28.4m €27.0m +5.1% Funds from Operations (FFO)
Slide 4: Portfolio Key Metrics as of 30 June 2021
Portfolio Key Metrics as of 30 June 2021 Portfolio share Retail Office Total Portfolio(1) High-Street Fair value €868.1m €681.2m €1,549.4m €105.3m Number of properties 43 26 69 8 Leased area 399,091 m² 215,596 m² 614,686 m² 49,879 m² Annualized rent €51.1m €33.2m €84.2m €7.4m Annualized rental yield
Slide 5: Investments H1 2021
Investments H1 2021 Mainz Münster Stuttgart Asset type Office (Single-tenant) Office (Multi-tenant) Office (Multi-Tenant) Investment approach „Manage-to-core“ „Core“ „Manage-to-core“ Year of construction 1994 2021 1991 Leased area 7,700 m2 6,300 m2 5,930 m2 Remaining lease term 2.7 years(1) 7.5 year
Slide 6: Disposals H1 2021
Disposals H1 2021 Recent Disposals Bad Homburg Bad Homburg Langenfeld Offenburg Asset type High-Street High-Street High-Street retail High-Street retail Selling price €11.2m €15.9m €14.8m €8.5m Annual rental income €0.67m €0.82m €1.07m €0.55m WALT 6.6 years(1) 4.2 years(1) 3.7 years(2) 3.7 years(2)
Slide 7: Strategic disposal programme | Proactive portfolio management
Strategic disposal programme | Proactive portfolio management Disposals since strategy update H1 2020(1) (as of 29 July 2021) Residual High-Street portfolio(2) (as of 29 July 2021) Total Thereof High-Street No. of assets 18 15 Sales volume €151.4m €109.5m Total portfolio €1,549.4m Fair value gain 4.
Slide 8: Tenant base
Tenant base Top-10 tenants (as of 30 June 2021) Sector distribution (as of 30 June 2021) Tenant Sector Rent(1) Sector Rent(1) EDEKA Food retail 11.5 % Food 33.6 % Kaufland Food retail 5.8 % IT/Communication 9.8% REWE Food retail 5.7 % DIY 8.6% Real Food retail 5.7 % Finance/Insurance 8.0% Textile 7.
Slide 9: Lease Contracts
Lease Contracts Weighted average lease expiry (as of 30 June 2021) Letting result (H1 2021) 96,297 m² 7.0 years 6.2 years 55,997 m² 5.1 years 40,300 m² Retail Office Total New lettings Contract extensions Total Lease expiry schedule (as of 30 June 2021; % of annual rents) 25,0% 7.8% 20,0% 15,0% 10,0
Slide 10: Real locations | Follow-up leases
Real locations| Follow-up leases Celle Gießen Mannheim New tenant: Kaufland Transfer: Q3 2021e Transfer: Q4 2021e New tenant: Globus Transfer: Q2 2022e Total rental space approx. 33,000m² Compensation payment 2021 2 €+2.2m Total WALT 17.9 years Incentives 3 €-7.8m Expected maintenance 2021 1 €-1.6m
Slide 11: Corona Update
Corona Update Rent collection rates(1) (as of 28 July 2021) 98.8% 96.7% 98.5% 95.0% April-June July-December January-June July 2020 2020 2021 2021 Lockdown Lockdown Despite challenging market conditions high rent collection rates during various lockdown phases Fast re-incent to normal levels onc
Slide 12: Funds from Operations (FFO)
Funds from Operations (FFO) in k€ H1 2021 H1 2020 Change Comments 1 Income from rents and leases 42,928 43,868 -2.1% ▪1 Decline in rental income mainly due to Income from passed on costs 7,183 6,985 +2.8% property disposals (-€2.1m) and pandemic- related risk provisioning (-€0.5m); Operating expense
Slide 13: EPRA Net Asset Value (NAV) & Net Tangible Assets (NTA)
EPRA Net Asset Value (NAV) & Net Tangible Assets (NTA) in k€ 30 June 2021 31 Dec 2020 Comments 1 Long-term assets 1,148,590 1,200,826 ▪1 Decrease in long-term assets mainly related 2 Short-term assets 155,963 64,958 to property disposals 3 Non-current liabilities and provisions -726,852 -685,431 ▪2
Slide 14: Financial situation
Financial situation Expiration of financial liabilities (as of 30 June 2021) 57.5% REIT Equity ratio Ø Refinancing interest rate 2021 44.6% 1.0 % LTV 1.6% €770.0m Financial liabilities(1) 20.3% 8.1% 12.1% 12.8% 1.71% 10.6% Ø cost of debt(1) 7.8% 8.1% 4.8% 5.7% 2.5% 2.7% 3.0% 5.1 years Ø maturity of
Slide 15: Guidance Update
Guidance Update Guidance 2021 ▪ Rental income: €82 - 86m €83 - 85m ▪ FFO: €45 - 50m €48 - 50m ▪ NAV per share still expected to reach previous year’s level 15
Slide 16: Financial Calendar 2021/2022
Financial Calendar 2021/2022 Half-year financial report H1 2021 29 July 2021 Interim statement Q3 2021 9 November 2021 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 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