Zublin Immobilien Holding Ag · SIX:ZUBN

Zublin Immobilien — H1 2018/19 Earnings Presentation

14 slides from Zublin Immobilien's earnings presentation, Nov 15, 2018

  1. Slide 1: Semi-annual results 2018/19 presentation

    SEMI-ANNUAL RESULTS 2018/19 PRESENTATION Semi-annual results 2018/19 | 15.11.2018 1/14

  2. Slide 2: Agenda

    AGENDA HALF-YEAR IN REVIEW FINANCIALS Semi-annual results 2018/19 | 15.11.2018 2/14

  3. Slide 3: Half-year in review

    HALF-YEAR IN REVIEW Semi-annual results 2018/19 | 15.11.2018 3/14

  4. Slide 4: Positive first half-year 2018/19

    HALF-YEAR IN REVIEW POSITVE FIRST HALF-YEAR 2018/19 > Net operating income stable at CHF 3.7m > Positive changes in market value CHF 1m (decrease of CHF 0.2m to prior year) > Earnings continuing operations CHF 1.8m (increase of CHF 2.6m to prior year) > Earnings per share for the first six months: C

  5. Slide 5: Share price development

    HALF-YEAR IN REVIEW SHARE PRICE DEVELOPMENT NAV per share Share price reporting date (in CHF) (in CHF) - 1.2% + 5.6% 38.40 38.40 38.85 28.40 28.40 26.90 30.09.2018 31.03.2018 30.09.2018 31.03.2018 Semi-annual results 2018/19 | 15.11.2018 5/14

  6. Slide 6: Portfolio overview

    HALF-YEAR IN REVIEW PORTFOLIO OVERVIEW > Five properties in Switzerland > Total value of the portfolio rose by CHF 1.0m to CHF 201.2m > High occupancy rate of 89.7% > Weighted average lease term (WALT) of 4.7 years Portfolio value WALT Vacancy rate (mio) CHF 31.3.18: 31.3.18: 31.3.18: 4.7 10.3% 201.

  7. Slide 7: Portfolio overview

    HALF-YEAR IN REVEIW PORTFOLIO OVERVIEW Contribution of potential annual income versus vacancy per property 100% 9% 90% 12% 80% 70% 13% Bern, Morgenstrasse 136 60% 12% 51.3% Egg, Gewerbestrasse 12/12a 50% Baden, Rütistrasse 3/3a 40% Zurich, Hardturmstrasse 76 30% Zurich, Holbeinstrasse 22/30 53% 20%

  8. Slide 8: Solid financial position

    HALF-YEAR IN REVIEW SOLID FINANCIAL POSITION Total assets LTV (in CHFm) (in %) - 0.6% 209 209 209 32% 32.2% 32.8% 30.09.2018 31.03.2018 30.09.2018 31.03.2018 Available credit facility Authorized Capital (in CHFm) (in CHFm) + 1.9% 53 53 52 37 37 37 30.09.2018 31.03.2018 30.09.2018 31.03.2018 > Züblin

  9. Slide 9: Financials

    FINANCIALS Semi-annual results 2018/19 | 15.11.2018 9/14

  10. Slide 10: Income statement

    FINANCIALS INCOME STATEMENT (in CHF 1 000) HY 1 HY 1 ∆ 2018/19 2017/18 Rental income 4 051 4 042 0% Real estate expenses -309 -256 -21% Net operating income 3 742 3 786 -1% Administrative expenses -2 024 -1 986 -2% EBITDA 1 718 1 800 -5% Valuation result 1 000 1 175 -15% EBIT 2 718 2 975 -9% Net fin

  11. Slide 11: Cash flow statement

    FINANCIALS CASH FLOW STATEMENT (in CHF 1 000) HY 1 HY 1 ∆ 2018/19 2017/18 Net cash flow from operating activities before one-off items 1 718 1 800 -5% - one-off items 2 339 3 322 -30% Net cash flow from operating activities 4 057 5 122 -21% Net cash flow from investing activities - 30 58 016 >-100%

  12. Slide 12: Balance sheet

    FINANCIALS BALANCE SHEET (in CHF 1 000) 30.9.2018 31.3.2018 ∆ Investment properties 201 150 200 120 1% Other assets 7 471 9 276 -20% Total asset 208 621 209 396 -0% Equity 127 407 128 909 -1% Mortgages 64 737 65 705 -2% Other liabilities 16 477 14 782 12% Total equity and liabilities 208 621 209 396

  13. Slide 13: Development of (EPRA) NAV per share

    FINANCIALS Development of (EPRA) NAV per share (in CHF 1 000) EPRA NAV NAV 31.3.2018 41.89 38.85 Earnings of the shareholders 0.56 0.56 Distribution from capital reserves -1.00 -1.00 Change in other comprehensive income -0.01 -0.01 Other changes (deferred taxes) 0.42 0.00 30.9.2019 41.86 38.40 Share

  14. Slide 14: Q&A

    Q&A Semi-annual results 2018/19 | 15.11.2018 14/14

Züblin Immobilien Holding — H1 2018/19 Earnings Presentation on 6ix