Slide 1: Company presentation – Preliminary figures 2022
Company presentation Preliminary figures 2022 February 2023 Office property Ingolstadt
Slide 2: Agenda
Agenda 1. HAMBORNER at a glance 2. Portfolio Overview 3. Asset Management 4. Financials 5. Sustainability / ESG 6. Appendix Agenda |2
Slide 3: 1. HAMBORNER at a glance
1. HAMBORNER at a glance Office property ‚Nu-Office‘ Munich
Slide 4: Company profile
Company profile History Company profile ▪ Public commercial property company 1953 Foundation of HAMBORNER ▪ Profitable and diversified German-wide property portfolio Listing on stock exchange ▪ Two-pillar portfolio structure with focus on food-anchored retail and 1954 office properties Clear focus o
Slide 5: The HAMBORNER Share
The HAMBORNER Share The HAMBORNER Share Shareholder structure Current share price €6.73 (as of 31 December 2022) Market capitalisation €547.4m (as of 31 December 2022) 12.20% RAG Foundation WKN/ISIN A3H233 / DE000A3H2333 Ticker symbol HABA 81,343,348 5.37% BlackRock shares Class of shares Registered
Slide 6: 2. Portfolio Overview
2. Portfolio Overview Office property Münster
Slide 7: Portfolio Strategy – Target Structure
Portfolio Strategy – Target Structure Retail Portfolio Office Portfolio Manage-to-Core properties Manage-to-Core properties 10-20% 10-20% with value-add potential with value-add potential Maintaining/extension of 80-90 % Maintaining/extension of 80-90% core retail portfolio with 80-90% core office p
Slide 8: Portfolio Management Approach
Portfolio Management Approach ▪ Retail Asset classes ▪ Office ▪ Core Risk profile ▪ Manage-to-Core ▪ > €10m (retail) Lot size ▪ > €20m (office) ▪ Focus on core investments ▪ Addition of selected Manage-to-Core properties with larger asset management need (refurbishment, reletting, repositioning etc.
Slide 9: Geographical Portfolio Structure
Geographical Portfolio Structure Geographical Focus (Metropolitan Regions in Germany) Portfolio by Metropolitan Regions Metropolitan Region Share of portfolio volume 1 Rhine-Ruhr 21.5% 8 2 Frankfurt Rhine-Main 11.9% 10 9 3 Berlin-Brandenburg 10.2% 3 4 Nuremberg 8.4% 5 Munich 5.8% 1 11 6 Stuttgart 5.
Slide 10: Portfolio development
Portfolio development 2.000 50 Portfolio value and average property value Comments 1,625 ▪ Continuous value-adding portfolio growth since 1,598 1,604 1,609 40 conversion into a G-REIT in 2010 1,517 1.500 1,363 ▪ Average annual growth rate of 10.7% over the last 10 years 1.115 30 ▪ Average property v
Slide 11: Transactions 2022
Transactions 2022 Acquisitions Disposals Freiburg Kempten Lemgo Asset type High-Street EH Selling price €3.0m Latest fair value €3.0m WALT 2.4 years(1) Gütersloh Asset type High-Street EH Selling price €2.1m Latest fair value €2.0m WALT 3.3 years(1) Asset type Retail Retail Herford Investment approa
Slide 12: Portfolio Rotation
Portfolio Rotation Transactions since strategy update in July 2020(1) Implementation of adjusted strategy 23 disposals since strategy update in 2020 Portfolio as of 30 June 2020 Portfolio as of 31 December 2022 Total sales volume of €199.1 with 3.4% Assets 83 Assets 66 premium to latest fair values
Slide 13: Portfolio revaluation
Portfolio revaluation Portfolio development 2022 Comments ▪ Increase in portfolio value (+€49.3) due to Acquisitions 2022 Disposals 2022 Like-for-like Portfolio acquisition of two DIY properties in Freiburg and Kempten (incl. year-end revaluation gain of €0.6m) Portfolio value Portfolio value €1,608
Slide 14: Portfolio key metrics as of 31 December 2022
Portfolio key metrics as of 31 December 2022 Asset class Total portfolio Investment approach Retail Office Split Core % Manage-to-Core % Number of properties 38 28 66 63 95.5% 3 4.5% Fair Value €881.1m €727.5m €1,608.6m €1,537.0m 95.5% €71.6m 4.5% Leased area 381,581 m² 229,631 m² 611,212 m² 584,013
Slide 15: Rent development in 2022
Rent development in 2022 Development of annualized rents 2022 €4.0m -€0.3m -€1.7m €87.0m €3.0m -0.4% €82.0m -2.1% +5.0% +3.7% Annualized rents Acquisitions Indexation Re-lettings/ Disposals Annualized rents 31 Dec 2021 Vacancy change 31 Dec 2022 Rent development like-for-like/year-on-year(1) Asset c
Slide 16: 3. Asset Management
3. Asset Management Retail property ‚Rondo Steinheim‘ Hanau
Slide 17: Tenant base
Tenant base Top-10 tenants (as of 31 December 2022) Sector distribution (as of 31 December 2022) Tenant Sector Rent(1) Sector Rent(1) EDEKA Food retail 11.6% Food 32.0% Kaufland Food retail 7.4% DIY 11.7% REWE Food retail 7.0% IT/Communication 10.6% OBI DIY 6.8% Finance/Insurance 8.3% Globus DIY / F
Slide 18: Lease contracts
Lease contracts Weighted average lease expiry (as of 31 December 2022) Letting result 2022 84,505 m² 63,361 m² 59% 53% 21,144 m² 76% 47% 41% 7.6 years 5.0 years 6.5 years 24% New lettings Contract extensions Total Retail Office Total Retail Office 30,0% Lease expiry schedule (as of 31 December 2022;
Slide 19: 4. Financials
4. Financials Office property/Medical center Regensburg
Slide 20: Preliminary Key figures 2022
Preliminary Key figures 2022 Key figures 31 December 2022 31 December 2021 Change Profit and loss statement Income from rents and leases €85.0m €84.4m +0.7% Operating result €25.5m €31.8m -19.8% Profit for the period €13.3m €54.3m -75.5% Key KPIs Funds from Operations (FFO) €51.0m €53.1m -4.0% Funds
Slide 21: EPRA NAV & NTA
EPRA NAV & NTA NAV Development 2022 €984.9m -€38.2m +€51.0m -€31.0m -€2.3m +€0.3m +€0.1m €964.8m -€0.5m €964.3m NAV Dividend FFO Like-for-like Acquisitions(1) Disposals Other NAV Intangible NTA 31 Dec 2021 Revaluation Effects 31 Dec 2022 Assets 31 Dec 2022 NAV p/s NAV p/s NTA p/s -2.0% €12.11 €11.86
Slide 22: Financial situation
Financial situation Expiration of financial liabilities (as (asofof31 31December December 2021) 2022) 59.6% REIT Equity ratio 39.1% EPRA LTV 2.0% 9.9x Net debt/EBITDA(1) 18.6% 4.9x EBITDA/Interest coverage 14.9% 8.0% 12.1% 11.7% 11.2% €783.8m 7.6% 6.7% Financial liabilities(2) 2.3% 2.6% 2.8% 1.7% 20
Slide 23: Outlook
Outlook Dividend €0.47 per share ~75% Intended dividend proposal Resultant FFO payout ratio Guidance 2023 Slightly below €88.0 – 89.5m €50.0 – 52.0m previous year‘s level Rental income FFO NAV per share Financials | 23
Slide 24: 5. Sustainability / ESG
5. Sustainability / ESG Office property Neu-Isenburg
Slide 25: ESG organization
ESG organization Supervisory Board Internal Sustainability Committee ▪ Sustainability Committee consisting Supervisory Management of Management Board members and Management ESG Board Board the ESG Officers from individual Board ▪ Advising and monitoring ESG Committee of Management Board business are
Slide 26: ESG strategy
ESG strategy Strategic development and guidelines Key Action Areas ▪ Integration of sustainability/ESG criteria into overall strategy ▪ Implementation of strategic sustainability programme ▪ Planning and controlling of sustainability activities by internal Corporate Environmental Governance Manageme
Slide 27: ESG management | Progress in key action areas
ESG management | Progress in key action areas Key Action Area Progress 2022 ▪ Ongoing data management optimisation and database expansion ▪ Set up of full carbon footprint for entire property portfolio Environmental Management as a basis for long-term decarbonisation strategy/targets & Climate Prote
Slide 28: ESG KPIs
ESG KPIs Key environmental KPIs 2021(1) Emission data 2021 (Scope 1-3)(1) Total energy intensity Water Waste Emission intensity (Heating & Electricity) intensity intensity Total portfolio 174.9 kWh/m² 295.4 l/m² 28.0 kg/m² 57.0 kg CO2e/m² +8.5% +5.9% +0.5% +14.5% like-for-like like-for-like like-for
Slide 29: 6. Appendix
6. Appendix Retail Lengerich
Slide 30: Top-10 properties (1/2)
Top-10 properties (1/2) Munich Mannheim Berlin Cologne Karlsruhe Asset type Office Retail Office Office Retail Year of acquisition 2013 2016 2013 2017 2012 Purchase price €40.2m €80.0m €33.0m €49.0m €37.0m Fair value(1) €80.1m €79.1m €77.1m €76.9m €56.0m Annual rents €2.7m €4.0m €2.7m €3.0m €2.8m WA
Slide 31: Top-10 properties (2/2)
Top-10 properties (2/2) Hanau Hallstadt Aachen Celle Erlangen Asset type Retail Retail Office Retail Office Year of acquisition 2017 2017 2020 2015 2011 Purchase price €37.5m €40.4m €37.4m €35.2m €27.9m Fair value(1) €46.7m €43.9m €41.6m €40.9m €38.0m Annual rents €2.1m €2.6m €2.1m €2.0m €2.2m WALT(
Slide 32: Financial Calendar
Financial Calendar Annual report 2022 16 March 2023 Quarterly financial statement Q1 2023 25 April 2023 Annual General Meeting 2023 27 April 2023 Half-yearly financial report 2023 10 August 2023 Appendix | 32
Slide 33: Contact
Contact Niclas Karoff Sarah Verheyen CEO/CFO COO/CIO E-Mail: n.karoff@hamborner.de E-Mail: s.verheyen@hamborner.de Christoph Heitmann HAMBORNER REIT AG Head of IR & PR www.hamborner.de info@ir.hamborner.de E-Mail: c.heitmann@hamborner.de +49 (0)203/54405-32 Appendix | 33
Slide 34: Disclaimer
This presentation has been prepared and/or issued by HAMBORNER REIT AG (hereinafter "HAMBORNER") solely for information purposes. This presentation may contain statements, assumptions, opinions and predictions about the anticipated future development of HAMBORNER ("forward-looking statements") that