Slide 1: Conference Call 1st quarter 2018
Conference Call 1st quarter 2018 Dr. Rüdiger Mrotzek Hans Richard Schmitz Dr. Rüdiger Mrotzek Hans Richard Schmitz 25 April 2018
Slide 2: First quarter 2018 Highlights
First quarter 2018 Highlights Berlin Positive operational business development ▪ 15.4 % increase in rents ▪ Vacancy rate 1.0 % (1.5 % excl. rent guarantees) Solid financial structure ▪ REIT equity ratio 57.8 % ▪ LTV 40.9 % Positive outlook for full year 2018 ▪ Increase in rents at the upper end of t
Slide 3: Significant key figures for the first quarter 2018
Significant key figures for the first quarter 2018 Key figures 31 Mar 2018 31 Mar 2017 Change Income from rents and leases € 20.4 million € 17.6 million +15.4% Operating result € 7.2 million € 7.7 million -5.9% Profit for the period € 3.5 million € 4.4 million -21.7% Funds from operations € 11.6 mil
Slide 4: Long-term leases: leasing contracts expire well distributed
Long-term leases Leasing contracts expire well distributed Weighted average lease expiry by type (as of 31 March 2018, in years) 8.4 6.5 5.3 4.8 Office Highstreet large-scale retail Total Split of lease contracts expiring by year (as of 31 March 2018) 36% 12% 9% 10% 11% 4% 7% 7% 4% 2018 2019 2020 20
Slide 5: TOP 10 tenants: Solid tenants
TOP 10 tenants Solid tenants Top 10 tenants (as of 31 March 2018, % of annual rent) Tenant Sector % of annual rent EDEKA-Group Food retail 12.0% Kaufland-Group Food retail 7.0% real,- Food retail 5.7% OBI DIY retail 5.3% REWE-Group Food retail 3.6% Jobcenter Agency of unemployment 3.4% H&M Textile r
Slide 6: Development of net rental income
Development of net rental income Income from passed-on Real estate Maintenance incidental costs operating of property to tenants expenses and building +11.1 % Income from Maintenance Real estate passed-on 3,149 T€ of property operating incidental costs -5,225 T€ and building expenses to tenants -1,2
Slide 7: Profit and loss account according to IFRS
Profit and loss account according to IFRS in € thousand 31 Mar 2018 31 Mar 2017 Net rental income 17,065 15,361 Administrative expenses -357 -344 Personnel expenses -1,008 -1,054 Depreciations -8,181 -6,736 Other operating income 107 783 Other operating expenses -417 -346 Operating result 7,209 7,66
Slide 8: Funds from Operations
Funds from Operations in € thousand Q1 2018 Q1 2017 Net rental income 17,065 15,361 FFO in € thousand - Administrative expenses -357 -344 - Personnel expenses -1,008 -1,054 + 7.6 % 11,642 + Other operating income 107 783 - Other operating expenses -417 -346 10,822 + Interest Income 0 20 - Interest E
Slide 9: Investments
Investments Investments Q1 2018 Cologne Düsseldorf Bonn Purchase price: € 20.2 million Purchase price: € 9.7 million Purchase price: € 13.8 million Gross initial yield: 5.1% Gross initial yield: 5.7% Gross initial yield: 5.5% Transfer of possession: 2 January 2018 Transfer of possession: 2 January 2
Slide 10: Development of HAMBORNERs portfolio value
Development of HAMBORNERs portfolio value Portfolio value € 1,452 million Portfolio value € 1,409 million Portfolio value € 1,363 million Transfer of possession Transfer of possession 2 January 2018 20 April 2018 Cologne (€ +21.0m)(1) Darmstadt (€ +42.8m)(2) Düsseldorf (€ +10.5m)(1) Bonn (€ +14.2m)(
Slide 11: Net Asset Value (NAV) in accordance with EPRA
Net Asset Value (NAV) in accordance with EPRA Share price 8.2% below NAV (31 March 2018) Share price / NAV NAV according to EPRA 31 Mar 2018 31 Dec 2017 in € million Balance sheet long-term assets 1,153.8 1,114.0 -8.2 % + Balance sheet short-term assets 94.6 59.5 10.27 € - Non-current liabilities an
Slide 12: Balance Sheet IFRS
Balance Sheet IFRS ASSETS 31 Mar 2018 31 Dec 2017 in € million Non-current assets 1,153.8 1,114.0 Investment Properties 1,148.9 1,109.2 Other 4.9 4.8 Current assets 94.6 59.5 Trade receivables and other assets 3.1 1.4 Cash and cash equivalents 91.5 58.1 Total assets 1,248.4 1,173.5 Equity and Liabil
Slide 13: Stable and predictable cost of debt
Stable and predictable cost of debt Expiration of financial liabilities (31 March 2018; % of total financial debt) 57.8 % Refinancing/ Bonded loans REIT Equity ratio Repayment Ø interest rate: 1.5% settled Ø maturity: 5.3 years 40.9 % LTV €716.1m Financial liabilities* 1.7% 24.4% 2.3 % 8.7% 14.7% Ø
Slide 14: Conclusion and outlook
Conclusion and outlook Conclusion/Summary ▪ Successful first quarter 2018 with positive development of operational business ▪ Vacancy rate: 1.0% ▪ Transfer of possession of three assets in Cologne, Düsseldorf and Bonn ▪ Portfolio value: €1.4 billion Forecast 2018 ▪ Increase in rents at the upper end
Slide 15: Many thanks for your attention!
Financial Calendar HAMBORNER REIT AG - Financial Calendar Interim Report for 1st quarter 2018 25 April 2018 AGM 2018 26 April 2018 Dividend payment 2 May 2018 Interim report for first half 2018 9 August 2018 Interim Report for 3rd quarter 2018 8 November 2018 Preliminary figures 2018 7 February 2019
Slide 16: Disclaimer
Disclaimer 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 available to HAMBORNER REIT