Deutsche Konsum Real Estate Ag · XETR:DKG
Deutsche Konsum Real Estate — Deutsche Konsum REIT-AG — Q1 2016/2017 Earnings Presentation
38 slides from Deutsche Konsum Real Estate's earnings presentation, February 2017
Slide 1: Deutsche Konsum REIT-AG (DKR) Earnings presentation Q1 2016/2017
Deutsche Konsum REIT-AG (DKR) Earnings presentation Q1 2016/2017
Slide 2: Contents
Contents 1. Highlights Q1 2016/2017 2. Portfolio 3. Financial structure 4. Financials Q1 2016/2017 5. DKR shares 6. Events and finance calendar FY 2016/2017 7. Appendix 2
Slide 3: Highlights Q1 2016/2017
Highlights Q1 2016/2017 3
Slide 4: Highlights: All financial key figures up in Q1 2016/2017
Highlights All financial key figures up in Q1 2016/2017 Rental income (kEUR) FFO (kEUR) FFO per share (EUR) 5,000 4,295 2,5 2,194 0,15 0,12 4,000 2 0,1 3,000 2,438 1,5 1,044 0,06 2,000 1 0,05 1,000 0,5 0,000 0 0 Q1 2015/2016 Q1 2016/2017 Q1 2015/2016 Q1 2016/2017 Q1 2015/2016 Q1 2016/2017 aFFO per s
Slide 5: Portfolio
Portfolio 5
Slide 6: Key portfolio figures as at 31/12/2016
Portfolio Key portfolio figures as at 31/12/2016 Annualized rent (mEUR) Vacancy (%) >> Portfolio snapshot 17 16,7 15,0 13,0 13,0 > Key figures based on 44 properties balanced as at 31/12/2016 16 10,0 0% 14,9 > Prolongation of rental contracts not yet 15 5,0 included 14 0,0 > In Q1 net rent margin of
Slide 7: Locations: Expansion throughout Germany
Locations Expansion throughout Germany City Greifswald >> Top 7 Assets as at 31/12/2016: Lettable space 13.658 sqm Construction 1997 City Ludwigslust Schleswig- Holstein Annual rent (mEUR) 1.0 Lettable space 14.386 sqm Mecklenburg- Market value (mEUR) 8.6 Pomerania Construction 2000 Annual rent (mEU
Slide 8: Tenant mix: Focus on quality tenants with non-cyclical business
Tenant mix Focus on quality tenants with non-cyclical business >> Rent contribution by sector (mEUR)1: >> Major rent contribution by tenants1: Tenant Corporate affiliation Rents (m EUR) Real Metro group 2.6 Other 3,9 Edeka group Edeka group 2.4 Famila Bünting group 1.0 Netto Edeka group 0.6 8,9 Food
Slide 9: Leases: DKR as reliable partner for long-lasting tenancies
Leases DKR as reliable partner for long-lasting tenancies >> Multiple leases with the same tenants foster the relationship (No. of >> Distribution of rent maturities as at 31/12/2016: lease contracts as at 01/01/2017): 14 350.000 12 300.000 10 250.000 Lease contracts Rent p.m. 8 200.000 6 150.000 4
Slide 10: Valuation potential: Asset valuation leverages the NAV per share
Valuation potential Asset valuation leverages the NAV per share >> NAV impact derived from factor increases (c.p.) leads to upside potential: Annualized total Hypothetical Portfolio value Net debt NAV Number of Hypothetical NAV portfolio rent valuation Yield Net LTV (mEUR) outstanding (mEUR) shares
Slide 11: Financial structure
Financial structure 11
Slide 12: Conservative and stable finance structure
Financial structure Conservative and stable finance structure Financing KPIs 31/12/2016 >> Debt structure of DKR as at 31/12/2016 (mEUR nominal debt): Loan and convertible debt (IFRS). mEUR 76.6 Average nominal interest of loans. % 2.58 Average nominal interest of loans & convertibles. % 3.34 Net-LT
Slide 13: Financials Q1 2016/2017
Financials Q1 2016/2017 13
Slide 14: Condensed IFRS balance sheet
Financials Q1 2016/2017 Condensed IFRS balance sheet kEUR 31/12/2016 30/09/2016 kEUR 31/12/2016 30/09/2016 Assets Equity and liabilities Pro forma portfolio of Capital increase due Investment properties 166,151.7 147,822.5 Subscribed capital 20,107.0 18,447.0 around mEUR 190 to conversion of a inclu
Slide 15: Condensed IFRS income statement
Financials Q1 2016/2017 Condensed IFRS income statement kEUR 01/10/2016 - 01/10/2015 - 31/12/2016 31/12/2015 Rental income 4,295.2 2,438.4 Operating expenses -793.7 -640.7 Increases due to a higher stock of properties Net rental income 3,501.5 1,797.7 Income from property disposal 0.0 0.0 Expenses f
Slide 16: FFO and EPRA NAV reconciliation
Financials Q1 2016/2017 FFO and EPRA NAV reconciliation >> FFO/aFFO: >> EPRA NAV: kEUR 01/10/2016 - 01/10/2015 - kEUR 31/12/2016 31/12/2016 31/12/2015 Total period income 3,201.8 1,122.3 +/- Income taxes 0.0 -860.5 Total equity 82,233.1 + Depreciation of assets 0.2 0.0 Conversion of convertibles 0.0
Slide 17: DKR shares
DKR shares 17
Slide 18: Share price progress reflects potential of DKR's business model
DKR Shares Share price progress reflects potential of DKRs business model 27/02/2017 ISIN DE000A14KRD3 WKN A14KRD3 Symbol DKG Number of shares 24,760,003 Nominal capital (kEUR) 24,760 Share class Bearer shares Stock exchanges XETRA, Frankfurt, Berlin Segment Prime Standard 52w high/low (EUR) 9.27 /
Slide 19: Increased freefloat after capital increase
DKR Shares Increased freefloat after capital increase >> Shareholder structure after capital increase (27/01/2017) : >> Step into SDAX and EPRA indices intended: > DKR aims to step into SDAX and EPRA indices as soon as Obotritia possible Capital Group 2,71 7,58 3,92 > Therefore DKR uses the current
Slide 20: Events and finance calendar
Events and finance calendar 20
Slide 21: Events and Finance calendar FY 2016/2017
Events and Finance calendar FY 2016/2017 We keep you informed >> Events: >> Finance calendar: Date Date 09/03/2017 General annual meeting in Berlin 28/02/2017 Q1 2016/2017 condensed interim financial statement 15/05/2017 H1 2016/2017 interim financial report 15/08/2017 9M 2016/2017 condensed interim
Slide 22: Appendix
Appendix 22
Slide 23: Management
Management Committed and experienced management team Rolf Elgeti (CEO) Rolf has been the founder of Deutsche Konsum REIT-AG, which is a spin-off of his investment company Obotritia Capital. Before he was the CEO of TAG Immobilien AG, Hamburg. Under his leadership TAG experienced an enormous growth a
Slide 24: Strong external partners
Appendix Strong external partners >> DKRs external management partners: Elgeti Brothers 24
Slide 25: DKR's current portfolio (I)
Appendix DKRs current portfolio Portfolio Deutsche Konsum REIT-AG (I) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 1 Platz der Befreiung 1 Retail 12.394 10.010 15,0% 5,38 57.036 684.434 16303 Schwedt 2 Brehnaer Straße 34 Retail 39.0
Slide 26: DKR's current portfolio (II)
Appendix DKRs current portfolio Portfolio Deutsche Konsum REIT-AG (II) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 6 Rendsburger Straße 16 Retail 7.394 4.500 0,0% 4,14 19.167 230.004 24534 Neumünster 7 Carl-Cossow-Straße 64 Retail
Slide 27: DKR's current portfolio (III)
Appendix DKRs current portfolio Portfolio Deutsche Konsum REIT-AG (III) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 11 Berghausstraße 7 Retail 14.960 6.227 0,0% 3,97 24.734 296.808 01662 Meißen 12 B95 Retail 15.416 6.132 0,0% 2,94
Slide 28: DKR's current portfolio (IV)
Appendix DKRs current portfolio Portfolio Deutsche Konsum REIT-AG (IV) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 16 Hermann-Heidel-Straße 11 Retail 3.222 1.072 27,0% 5,11 4.003 48.030 6132 Halle 17 R.-Luxemburg-Straße 47 Retail 3
Slide 29: DKR's current portfolio (V)
Appendix DKRs current portfolio Portfolio Deutsche Konsum REIT-AG (V) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 21 Neuenbrooker Str. 37, Retail 7.406 1.758 0,0% 7,38 12.974 155.688 Krempe 22 Löbauer Str. 45, Retail 3.858 1.453 0,
Slide 30: DKR's current portfolio (VI)
Appendix DKRs current portfolio Portfolio Deutsche Konsum REIT-AG (VI) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 26 Manteuffelstraße 71, Retail 2.782 1.133 0,0% 5,57 6.316 75.790 Berlin-Tempelhof 27 Habichtstraße 16, Retail 1.321
Slide 31: DKR's current portfolio (VII)
Appendix DKRs current portfolio Portfolio Deutsche Konsum REIT-AG (VII) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 31 Pferdemarkt 58 / Markt 2- Retail 2.307 6.252 95,0% 43,64 13.641 163.691 3 / Hageböcker Straße 108 Güstrow 32 Kol
Slide 32: DKR's current portfolio (VIII)
Appendix DKRs current portfolio Portfolio Deutsche Konsum REIT-AG (VIII) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 36 Lange Straße 3, 06184 Retail 5.022 959 0,0% 9,35 8.966 107.597 Gröbers 37 Edderitzer Straße 8, Retail 2.169 685
Slide 33: DKR's current portfolio (IX)
Appendix DKRs current portfolio Portfolio Deutsche Konsum REIT-AG (IV) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 41 Mühlstraße 52, 98547 Retail 3.776 1.027 0,0% 4,30 4.420 53.040 Viernau 42 Bergstraße 12, 98634 Retail 3.135 916 0
Slide 34: DKR's current portfolio (X)
Appendix DKRs current portfolio Portfolio Deutsche Konsum REIT-AG (X) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 46 Holzmarkt 7, 9, 11, 13 Retail 16.162 7.128 3,0% 14,01 96.837 1.162.041 und 15, 27283 Verden 47 Bahnhofsplatz 3, 18
Slide 35: DKR's current portfolio (XI)
Appendix DKRs current portfolio Portfolio Deutsche Konsum REIT-AG (XI) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 51 Haffring 24, 17373 Retail 10.403 4.618 44,0% 4,75 12.297 147.561 Ueckermünde 52 Wilhelm-Külz-Straße 8, Retail 26.
Slide 36: Glossary
Glossary >> Calculation of financial figures: Financial KPI Calculation Net initial yield Net rental income annualized divided by gross asset value Valuation multiple Gross asset value divided by net rental income WALT Weighed average lease term of the portfolio remaining as at a certain date EPRA N
Slide 37: IR contact: Get in touch with us
IR contact Get in touch with us >> IR contact: Christian Hellmuth Försterweg 2 14482 Potsdam ch@deutsche-konsum.de + 49 (0331) 740 076 512 37
Slide 38: Disclaimer
Disclaimer The material in this presentation has been prepared by Deutsche Konsum REIT-AG (Deutsche Konsum) and is general background information about Deutsche Konsum’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be compl
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