Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q1 2012 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, May 25, 2012

  1. Slide 1: First Quarter 2012 Financial Results Presentation

    FIRST QUARTER 2012 FINANCIAL RESULTS PRESENTATION 25 MAY 2012 HEKTAR ASSET MANAGEMENT SDN BHD

  2. Slide 2: Disclaimer

    PRIVATE & CONFIDENTIAL 2 Disclaimer The material that follows is a presentation of general background information about the activities of the Hektar Group (including Hektar REIT and any other affiliates) as at the date of this Presentation. The information contained herein is given in summary form s

  3. Slide 3: Financial Summary

    PRIVATE & CONFIDENTIAL 3 Financial Summary Financial Year 2012 1 January 2012 – 31 December 2012 Commentary  1Q2012 Dividend Per Unit: 2.6 sen (highest Q1 dividend announced since listing)  Five Years Track Record of Positive Results Operational & Financial Performance (First Quarter) Dividend Dis

  4. Slide 4: Distribution Details

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Positive Growth Since IPO Current Dividend Distribution Details Fourth Quarter 2011  Distribution Period: 1 January – 31 March 2012  Quarterly DPU: 2.6 sen  Notice of Entitlement: 25 May 2012  Ex-Dividend Date: 7 June 2012  Bo

  5. Slide 5: Hektar REIT Dividend Yield at approximately 7.6%

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Dividend Yield at approximately 7.6%  Traded at a 420 bps spread over MGS 10-year Hektar REIT Unit Price Change Hektar REIT Comparative Yields FY2012 (3 months) Unit Price RM 1.37 30 Mar 2012 1.4 8% 7.6% 1.38 7% 1.36 6.00% 1.34 6% 4

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~98.2 ► Rental Reversions +8.9% for 1Q12 ► Diversified Portfolio Tenancy Mix ► Tenancy Expiry Profile ► 21% of Portfolio Tenancy Rental Income Expires in 2012 ► Portfolio Tenancy Provisions ►

  7. Slide 7: Overall Portfolio Occupancy at ~98.2%

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~98.2% Hektar REIT Portfolio Occupancy As at 31 As at 31 As at 30 As at 31 As at 31 As at 31 As at 31 As at 31 As at 31 December December September December December December December December March Property 20

  8. Slide 8: Hektar REIT Portfolio – Rental Reversions

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions +9% for the year  1Q 12: 34 new tenancies / renewals at 9% higher average rental rate  Wetex Parade continues to show strong reversion.  Mahkota Parade FY11 rental reversion stabilised at +2%. Hektar REIT Rental

  9. Slide 9: Hektar REIT Portfolio – Tenancy Expiry Profile

    PRIVATE & CONFIDENTIAL 9 Hektar REIT Portfolio – Tenancy Expiry Profile Hektar REIT Tenancy Expiry Profile by Property Hektar REIT Tenancy Expiry Profile by Property As At 31 March 2012 Subang Parade No. of NLA of Tenancies NLA of Tenancies % of Total 38% 33% 28% 29% 30% For Year Ending Tenancies Ex

  10. Slide 10: Tenancy Portfolio Expiry Profile 2012 – 2015

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2012 – 2015  FY2012 - 83 tenancy expiries account for approximately 21% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As At 31 December 2011 Portfolio No. of

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results 1Q2012 Net Income (Realised) down 2.2% from previous period ► Hektar REIT Average Cost of Debt at 4.21% ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 1Q2012 Net Income down 2.2% vs corresponding quarter 1Q2011 Income Statement 1Q12 1Q11 Variance First Quarter 2012 (Unaudited) (RM '000) (RM '000) (%) Revenue 24,456 23,340 + 4.8% Direct Cost & Property Expenses (9,518) (8,948) + 6.4%

  13. Slide 13: Income Statement – Year-To-Date Comparative

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative FY2012 down 2.2% vs FY2011 For Period 1 January – 31 March 2012 (versus previous comparable period) Income Statement FY12 FY11 Variance Year-To-Date 2011 (Unaudited) (RM '000) (RM '000) (%) Revenue 24,456 23,340 + 4.8% Direct Cost

  14. Slide 14: Balance Sheet

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for FY2011 Unit Price Statistics Balance As at As at As at 30 March 2011 Sheet 31.03.2012 31.12.2011 (Unaudited) (RM '000) (RM '000) No. of Units Outstanding 320,001,000 Non-Current Assets Investment Properties 822,000 822,000 Net A

  15. Slide 15: Debt Profile

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for FY 2012 Debt Expiry Profile As at 31 March 2012 Debt Information As at 31 March 2012 400 RM million 350  Total Debt: RM363.48 million 300 250  Weighted Cost of Debt: 4.2% 200  Gearing Ratio1: 41.9% 150 100  Interest Cover2: 3.82 50 0  Unen

  16. Slide 16: Contact

    PRIVATE & CONFIDENTIAL 16 Contact “Creating The Places Where People Love To Shop” Investor Relations Hektar Asset Management Sdn Bhd D1-U3-10, Solaris Dutamas No1, Jalan Dutamas 1 50480 Kuala Lumpur MALAYSIA Tel: +6 03 6205 5570  Fax: +6 03 6205 5571  Web: www.HektarREIT.com Please visit our webs

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