Hektar Real Estate Investment Trust · MYX:HEKTAR
Hektar Real Estate Investment Trust — Q2 2023 Earnings Presentation
21 slides from Hektar Real Estate Investment Trust's earnings presentation, Aug 28, 2023
Slide 1: Hektar REIT 2Q 2023 Results Presentation
Creating The Places People Love HEKTAR REAL ESTATE INVESTMENT TRUST 2Q 2023 RESULTS PRESENTATION 28 August 2023
Slide 2: Hektar REIT: Malaysia's First Retail-Focused REIT
Hektar REIT: Malaysia’s First Retail-Focused REIT 2 ORGANISATION DIVERSIFICATION 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 infor
Slide 3: Table of Contents
Table of Contents 3 01 Performance Summary 02 Portfolio Performance 03 Financial Results 04 Portfolio Updates 05 Corporate Social Responsibility 06 Moving Forward
Slide 4: Performance Summary
Performance Summary 4 2nd Quarter 2023 (2Q23): April - June 2023 | 3 Months First Half 2023 (1H23): Jan-June 2023 | 6 Months RM '000 RM '000 7.4% ▼4.0% 35,000 70,000 30,000 29,372 60,000 58,488 27,207 56,152 13.0% 25,000 ▲ 1.2% 50,000 ▼20.5% 20,000 5.8% 40,000 15,487 15,000 13,709 30,334 30,700 30,0
Slide 5: Financial Results
Financial Results 2Q23 Revenue lower by 7.4% ► 2Q23 Net Property Income higher by 13% ► 2Q23 Realised Net Income higher by 5.8% ► Debt Expiry well-distributed ► Night View @ Mahkota Parade, Melaka
Slide 6: Income Statement: Quarter Comparative
Income Statement: Quarter Comparative 6 Income Statement 2Q23 2Q22 Variance Second Quarter 2023 (Unaudited) (RM '000) (RM '000) (%) Revenue 27,207 29,372 (7.4%) Direct cost & Property expenses (11,720) (15,663) 25.2% Net property income (NPI) 15,487 13,709 13.0% Interest & Other income 799 638 25.3%
Slide 7: Balance Sheet
Balance Sheet 7 As at As at UNIT PRICE STATISTICS as at 30 June 2023 Balance Sheet 30.06.2023 31.12.2022 (Unaudited) (RM '000) (RM '000) Non-Current Assets Investment properties 1,206,540 1,206,080 1,206,126 1,206,080 No. of Units 498,787,970 Plant & Equipment 460 46 Current Assets 24,287 29,381 Tra
Slide 8: Debt Expiries well-distributed
Debt Expiries well-distributed 8 EXPIRY PROFILE 2023-2026 DEBT SUMMARY As at 30 June 2023 ▪ Al-Murabahah Overdraft (MOD) ▪ Term Financing (TF) Facilities ▪ Commodity Murabahah Term Financing-i (CMTF-i) Financiers Maybank, CIMB, HLB Total Debt RM543.2 million Al-Murabahah Overdraft [FY2022: RM551.4 m
Slide 9: Portfolio Performance
9 Portfolio Performance Overall Occupancy at ~85.7% ► Rental Reversions at -2.5%► 33.8% of NLA expires in 2023 ► Night View, Kulim Central
Slide 10: Average Portfolio Occupancy improved to 85.7%
Average Portfolio Occupancy improved to 85.7% 10 87.3% 85.7% 84.8% 83.8% 82.3% Previous Occupancy 82.0% Actual Occupancy 2Q23 Committed Occupancy 2Q23 Occupancy (%) 2Q22 3Q22 4Q22 1Q23 2Q23 Subang Parade 81.1% 73.5% 70.3% 72.4% 75.0% Mahkota Parade 86.0% 85.8% 86.9% 90.1% 91.0% Wetex Parade 88.1% 88
Slide 11: Second Quarter Rental Reversions at -2.5%
Second Quarter Rental Reversions at -2.5% 11 • 43 new/renewed tenancies consisting of 3.4% of total NLA for the quarter ended 30 June 2023. • Positive reversions recorded at Wetex Parade, Kulim Central and Segamat Central. • Given the dynamic and challenging environment, Management is continuing to
Slide 12: Tenancies expiry well distributed
Tenancies expiry well distributed 12 • 691,581 sq. ft. or about 33.8% of total NLA expiring in 2023. • Overall, a total of 43 tenancies covering 68,838 sq. ft. have been added / renewed as of 30 June 2023, representing 3.4% of total NLA. • YTD, a total of 121 tenancies this year covering 356,136 sq.
Slide 13: Portfolio Updates
13 Portfolio Updates Night view @ Segamat Central
Slide 14: Refreshed retail offerings at Hektar Malls
14 Refreshed retail offerings at Hektar Malls M&B Concept Store, Mahkota Parade RCBPC, Mahkota Parade G Optical, Wetex Parade By Style Trading, Kulim Central Mix Collection, Segamat Central Little Angel Indoor Playground, Wetex Parade Zus Coffee, Subang Parade Games in the City, Segamat Central Gatt
Slide 15: Marketing initiatives
15 Marketing initiatives Push Bike Challenge, Subang Parade 3 x 3 Street Basketball, Wetex Parade Pertandingan Kecantikan & Kesenian Ayam Serama Melaka 2023, Mahkota Parade Karnival Pendidikan & Pameran Buku 2023, Matta Fair Kedah, Central Square Segamat Central Father vs Mother Cooking Competition,
Slide 16: Corporate Social Responsibility
Corporate Social Responsibility Night view @ Subang Parade Subang Parade, Subang Jaya, Selangor
Slide 17: Sustainability & CSR Malaysia Award 2023
Sustainability & CSR Malaysia Award 2023 17 Hektar REIT Awarded “Company of the Year (Retail Management) for Best in Sustainability Reporting & Community Support” at the Sustainability & CSR Malaysia Awards 2023.
Slide 18: Social: CSR Activities
18 Social: CSR Activities Hopehaven Special Needs Care Centre Sewing Products Promotional Booth & Product Showcase, Hari Keselamatan, Subang Parade Mahkota Parade Kiwanis Muar Day, Wetex Parade Blood Donation Drive, Kulim Central Sambutan Minggu Perpaduan, Central Square Fun Ride Trash Challenge, Se
Slide 19: ESG Performance Overview (2019 v 1H2023)
ESG Performance Overview (2019 v 1H2023) 19 ENERGY MANAGEMENT 2019 1H2023 Indirect Energy Consumption, MWh 43,375 19,619 Building Energy Intensity (BEI) 9.46 4.21 Carbon Dioxide Emissions (tonnes) 25,374 11,477 Carbon Dioxide Emissions Intensity 5.45 2.47 WATER MANAGEMENT Water Usage, m3 701,190 298
Slide 20: Moving Forward
Moving Forward 20 Asset Enhancement Capital Management • Enhancement initiatives at Subang Parade on track. • Adopt prudent financial management, cost optimization Replacement of lifts and escalators has commenced initiatives, and enhancing our asset relevancy & to be completed in phases. efficienci
Slide 21: Creating The Places People Love
21 Creating The Places People Love Investor Communications Hektar Asset Management Sdn Bhd Tel: +6 03 6205 5570 Web: www.HektarREIT.com Email: ir@HektarREIT.com
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