Emirates Reit (ceic) Plc · NASDAQDUBAI:REIT
Emirates Reit (ceic) — Emirates REIT — Q3 2016 Earnings Presentation
23 slides from Emirates Reit (ceic)'s earnings presentation, October 2016
Slide 1: Emirates REIT Q3-16 Results
OCTOBER 2016 | Q3-16 RESULTS EMIRATES REIT
Slide 2: Speaker
Speaker SYLVAIN VIEUJOT CEO and Deputy Chairman Emirates REIT Management (Private) Limited Chairman Equitativa Real Estate Limited PAGE 2
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Emirates REIT Management (Private) Limited (“Emirates REIT Management”, the “REIT Manager” or the “Fund Manager”) as the Manager of Emirates REIT (CEIC) (“Emirates REIT”, the “REIT” or the “Fund”). Whilst every care has been taken in relation to the
Slide 4: Agenda Q3 2016
Portfolio Overview Operational Achievements Business Development Financial Highlights Questions & Answers AGENDA Q3 2016
Slide 5: Portfolio Overview
PORTFOLIO OVERVIEW Emirates REIT
Slide 6: Snapshot as at September 2016
SNAPSHOT as at 30 September 2016 USD 742m 1.97m sqft AED 2.7b 183,000 m2 Portfolio Value Net Leasable Area 80% USD 481m Occupancy USD 1.60 per share AED 1.8b Net Asset Value 8.5 years WAULT Weighted Average Unexpired Lease Term 9 properties 5 office-retail mix 240 tenants 1 retail in commercial, ret
Slide 7: Occupancy
Occupancy LE GRANDE 89% 49% Retail Terraces INDEX TOWER 24% 12% Offices Car Parks PAGE 7
Slide 8: Lease Expiry
LEASE EXPIRY s 60% 50% 45% 35% 30% 25% 20% 15% 10% 4% 4% 4% 4% 4% 4% 5% 7% 2% — — = = = = 2. . 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026+ PAGE 8
Slide 9: Rent Contributions
Rent Contributions CURRENT INCOME MIX ANNUALIZED PER PROPERTY Education 28% Commercial Retail 61% 11% PAGE 9
Slide 10: Operational Achievements
OPERATIONAL ACHIEVEMENTS Q3 2016
Slide 11: Jebel Ali School
Jebel Ali School AKOYA Characteristics Tenant Freehold Freehold plot acquired in Aug. 2015 Established since 1977 >10% yield >11% Leased to school operator from Day 1 at Acquisition Projected IRR KHDA rated “Overall Very Good” AUG. 2015 SEP. 2016 USD 83 m Acquisition Date Completion Date AED 304 m 2
Slide 12: British Columbia Canadian School
British Columbia Canadian School DIP Characteristics Tenant >12% Leasehold 25,000 m2 of land plot International school operator Adjacent to major residential developments Group of 45 schools in 8 countries Initial Net Income Leased to school operator from Day 1 Certified by Ministry of Education of
Slide 13: Stock Price Performance
Stock Price Performance Emirates REIT DFM Index 8.03% 122K USD 12 months return including dividends Q3 Average daily volume Source: Bloomberg PAGE 13
Slide 14: Business Development
BUSINESS DEVELOPMENT Q3 2016
Slide 15: Emiri Decree From Ras al-Khaimah
Emiri DeCree From Ras al-Khaimah PAGE 15
Slide 16: Post Period Activity: New Islamic Finance Facility
Post Period Activity NEW ISLAMIC FINANCE FACILITY USD 54m AED 197m BCCS construction New Acquisitions Corporate Use PAGE 16
Slide 17: World's Largest Shari'ah Compliant REIT
World’s Largest Shari’ah Compliant REIT USD 762m USD 773m USD 2b SGD 1.06b AED 2.8b AED 7.2b Total Assets Total Assets Asset Under Management USD 276m USD 333m AED 1.2b 39% Market Cap Market Cap of Total AUM PAGE 17
Slide 18: Financial Highlights Q3 2016
FINANCIAL HIGHLIGHTS Q3 2016
Slide 19: Income and Earnings - unaudited
Income and Earnings - unaudited PAGE 19
Slide 20: Balance Sheet
Balance Sheet USD millions 30 SEP 2016 30 SEP 2015 CHANGE 31 DEC 2015 CHANGE UNAUDITED UNAUDITED AUDITED +12% INVESTMENT PROPERTY 741,584 657,398 673,227 +10% TOTAL ASSETS 773,174 677,880 +14% 741,334 +4% EQUITY 480,729 454,104 +6% 469,566 +2% LIABILITIES 292,445 223,776 +31% 271,778 +8% USD 30 SEP
Slide 21: Questions & Answers
Emirates REIT QUESTIONS & ANSWERS
Slide 22: Performance: FY 2015 at a Glance
Performance FY 2015 AT A GLANCE 6.3% +17% +10% +27% +19% +14% +9% +27% Distribution Yield Portfolio Value Portfolio Occupancy Net Property Income Passing Income Total Return Net Asset Value Net Profit Based on distribution Increased to USD 673m Increased to 76.7% Increased to USD 81.8m USD 42.6m Inc
Slide 23: For Further Information
Magali Mouquet Group Head of IR & Executive Director ir@reit.ae +971 4 405 REIT (7348) Sylvain Vieujot CEO & Deputy Chairman contact@reit.ae FOR FURTHER INFORMATION Q3 2016