Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q3 2013 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, Nov 11, 2013

  1. Slide 1: Third Quarter 2013 Financial Results Presentation

    THIRD QUARTER 2013 FINANCIAL RESULTS PRESENTATION 11 NOVEMBER 2013 HEKTAR ASSET MANAGEMENT SDN BHD

  2. Slide 2: Disclaimer / About Hektar

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

  3. Slide 3: Financial Summary Third Quarter FY 2013

    PRIVATE & CONFIDENTIAL 3 Financial Summary Third Quarter FY 2013 1 July 2013 – 30 September 2013 Commentary  3Q2013 Interim Distribution Per Unit: 2.6 sen  Six Years Track Record of Positive Results Operational & Financial Performance (Third Quarter) Distribution and Yield  Portfolio Occupancy: ~

  4. Slide 4: Distribution Details

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Positive Growth Since IPO Current Distribution Details Hektar REIT Third Quarter 2013 Distribution Policy Barring unforeseen circumstances, Hektar  Distribution Period: 1 Jul 2013 – 30 Sep 2013 REIT will pay distributions equivale

  5. Slide 5: Comparative Yields - Malaysia

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Distribution Yield at approximately 6.8%  Traded at a 332 bps spread over MGS 10-year  Unit Price increased by 4.8% since beginning of the year Hektar REIT Unit Price Change Hektar REIT Comparative Yields FY2013 (9 months) Unit Pri

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~94.7% ► Rental Reversions +3.3% for 3Q13 ► Tenancy Expiry Profile ► 38% of Portfolio Tenancy Rental Income Expires in 2014 ►

  7. Slide 7: Hektar REIT Portfolio - Occupancy

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Central Square occupancy rate reduced with additional acquisition of sold lots. Overall Portfolio Occupancy at ~94.7% Hektar REIT Portfolio Occupancy As at As at As at As at As at As at As at As at As at As at 30 Sep 31 Dec 31 Dec 31 Dec 31

  8. Slide 8: Hektar REIT Portfolio – Rental Reversions

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions +6% for 9M 2013  3Q 13: 49 new tenancies / renewals at 3.3% reversion rate  Average reversion lower due to negative reversion recorded for Mahkota Parade Hektar REIT Rental Reversions: Quarter Third Quarter No. of

  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 as at 30 September 2013 No. of NLA of Tenancies NLA of Tenancies % of Total Subang Parade For Year Ending Tenancies Expiring Expiring as % of Monthly Rental 45% 31 December Expiring

  10. Slide 10: Tenancy Portfolio Expiry Profile 2013 – 2016

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2013 – 2016  FY2014 - 168 tenancy expiries account for approximately 38% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 30 September 2013 Portfolio No. o

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results Gross Revenue up 18.3% and NPI up 12.0% from preceding year ► 3Q2013 Net Income (Realised) up 11.7% from preceding year ► Hektar REIT Average Cost of Debt at 4.5% ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 3Q2013 Net Income (Realised) up 11.7% vs corresponding quarter 3Q2012  Increase due to addition of Central Square, Landmark Central and improved turnover rents from Mahkota Parade Income Statement 3Q13 3Q12 Variance Third Quarter 2013

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

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative For Period 1 January – 30 September 2013 (versus previous comparable period) Income Statement 9M13 9M12 Variance Year-To-Date FY13 (Unaudited) (RM '000) (RM '000) (%) Revenue 89,803 74,174 + 21.1% Direct Cost & Property Expenses (

  14. Slide 14: Hektar REIT’s Balance Sheet for 3Q2013

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 3Q2013 Balance Sheet As at 30.09.2013 As at 31.12.2012 (Unaudited) (RM '000) (RM '000) Unit Price Statistics Non-Current Assets As at 30 Sept 2013 Investment Properties 1,028,970 1,028,970 Capital Work in Progress 3,938 533 No.

  15. Slide 15: Debt Profile

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for 3Q 2013 Debt Expiry Profile As at 30 Sept 2013 Debt Information 500 As at 30 Sept 2013 450 RM million 400 350  Total Debt: RM436 million 300 250  Weighted Cost of Debt: 4.5% 200 150  Gearing Ratio1: 40.8% 100  Interest Cover2: 3.35 50 0 FY2

  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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