Slide 1: Conference Call 3rd quarter 2017
Conference Call 3rd quarter 2017 Dr. Rüdiger Mrotzek Hans Richard Schmitz 9 November 2017
Slide 2: First nine month 2017 Highlights
First nine month 2017 Highlights Positive operational business development ▪ 20.5 % increase of income from rents and leases ▪ 27.6 % growth in FFO ▪ Vacancy rate 1.5 % (1.7 % excl. rent guarantees) Solid financial structure ▪ REIT equity ratio 58.7 % ▪ LTV 40.0 % Forecast 2017 ▪ Rents: + 18 - 20 %
Slide 3: Significant key figures
Significant key figures Key figures Q1-Q3 2017 Q1-Q3 2016 Change Rental revenues € 54.6 million € 45.3 million +20.5% Operating result € 23.6 million € 20.6 million +14.4% Profit for the period € 15.7 million € 14.1 million +11.6% Funds from operations (FFO) € 33.9 million € 26.5 million +27.6% Fund
Slide 4: Long-term leases: Leasing contracts expire well distributed
Long-term leases Leasing contracts expire well distributed Weighted average lease expiry by type (as of 30 September 2017, in years) 8.6 6.5 5.1 4.7 Office Highstreet large-scale retail Total Split of lease contracts expiring by year (as of 30 September 2017) 37% 0% 8% 8% 12% 9% 9% 10% 7% 2017 2018
Slide 5: Tenant structure: Top tenants
Tenant structure Top 10 tenants Top 10 tenants (as of 30 September 2017, % of annual rent) Tenant Sector % of annual rent* EDEKA-Group Discount food retail 10.2% Kaufland Group Discount food retail 7.4% real,- Discount food retail 5.9% OBI Retail (DIY) 5.6% Jobcenter Government Agency 3.6% REWE Disc
Slide 6: Development of net rental income
Development of net rental income Income from passed-on Real estate Maintenance incidental costs operating of property to tenants expenses and building + 18.6 % Income from 8,449 T€ Maintenance Real estate passed-on -11,252 T€ of property operating incidental costs and building expenses to tenants -2
Slide 7: Profit and loss account according to IFRS
Profit and loss account according to IFRS in thousand € Q1-Q3 2017 Q1-Q3 2016 Net rental income 48,865 41,191 Administrative expenses -947 -909 Personnel expenses -3,122 -2,870 Depreciations -21,327 -16,543 Other operating income 957 554 Other operating expenses -811 -778 Operating results 23,615 20
Slide 8: Funds from Operations
Funds from Operations in € thousand Q1-Q3 2017 Q1-Q3 2016 FFO Net rental income 48,865 41,191 in € thousand - Administrative expenses -947 -909 + 27.6 % - Personnel expenses -3,122 -2,870 33,853 + Other operating income 957 554 - Other operating expenses -811 -778 26,531 + Interest Income 80 2 - Int
Slide 9: Investments 2017
Investments 2017 Cologne „O3“ Hallstadt „market Oberfranken“ Berlin-Marzahn „Kaufland“ Purchase price: € 48.9 million Purchase price(1): € 43.7 million Purchase price: € 16.2 million Gross initial yield: 5.7% Gross initial yield: 5.7% Gross initial yield: 5.3% Transfer of possession: 2 January 2017
Slide 10: Divestments 2016
Divestments 2016 Duisburg „Kasslerfelder Kreisel“ Minden Selling price: € 9.5 million Selling price: € 4.5 million Fair value as of 31 Dec 2015: € 9.2 million Fair value as of 31 Dec 2016: € 4.5 million Book value as of 31 Dec 2016: € 7.2 million Book value as of 31 Dec 2016: € 3.9 million Transfer
Slide 11: Portfolio development 2017
Portfolio development 2017 Portfolio value € 1,319 million Portfolio value € 1,282 million Portfolio value € 1,115 million Transfer of possession Transfer of possession until 30 September 2017 Q4 2017 Cologne (€ +50.3m)(1) Kiel (€ +22.2m)(3) Bamberg (€ +42.0m)(1) Passau (€ +14.8m)(3) Berlin (€ +16.4
Slide 12: Net Asset Value (NAV) in accordance with EPRA
Net Asset Value (NAV) in accordance with EPRA Share price 3.8 % above NAV (30 September 2017) NAV according to EPRA 30 September 30 September Share price / NAV in € million 2017 2016 Balance sheet long-term assets 1,081.1 890.6 - 3.8 % + Balance sheet short-term assets 44.1 121.8 - Non-current liabi
Slide 13: Balance Sheet IFRS
Balance Sheet IFRS ASSETS 30 Sep 2017 31 Dec 2016 in € million Non-current assets 1,081.1 922.8 Investment Properties 1,076.2 916.2 Other 4.9 6.6 Current assets 44.2 84.0 Trade receivables and other assets 2.7 1.4 Cash and cash equivalents 41.5 75.4 Non-current assets held for sale 0 7.2 Total asset
Slide 14: Stable and predictable cost of debt
Stable and predictable cost of debt Expiration of fixed interest rates (30 September 2017; % of total financial debt) ▪ Financial debt: € 552.4 million 24% ▪ Liquid funds: € 41.5 million Refinancing/ ▪ REIT equity ratio: 58.7 % Repayment ▪ LTV: 40.0 % settled 15% ▪ Average maturity of fixed 13% 12%
Slide 15: Conclusion and outlook
Conclusion and outlook Conclusion/Summary ▪ Successful first nine month 2017 with positive development of operational business ▪ Vacancy rate: 1.5% ▪ Transfer of possession of five assets in Cologne, Hallstadt, Berlin, Ratingen and Hanau ▪ Transfer of possession of office building in Kiel on 2 Novem
Slide 16: Many thanks for your attention! Financial Calendar
Financial Calendar HAMBORNER REIT AG - Financial Calendar Interim Report for 3rd quarter 2017 9 November 2017 Preliminary figures 2017 8 February 2018 Annual Report 2017 21 March 2018 Interim Report for 1st quarter 2018 25 April 2018 AGM 2018 26 April 2018 Dividend payment 2 May 2018 Interim report
Slide 17: Contact
Contact Dr. Rüdiger Mrotzek – Member of the Board T +49 (0)203 / 54405-55 M r.mrotzek@hamborner.de Hans Richard Schmitz – Member of the Board T +49 (0)203 / 54405-21 M h.schmitz@hamborner.de Christoph Heitmann – Investor Relations T +49 (0)203 / 54405-32 M c.heitmann@hamborner.de Conference Call - Q
Slide 18: Disclaimer
Disclaimer This presentation was exclusively prepared for the addresses specified on the title page and/or the participants at the mentioned event. The information in this presentation is based on both public information and documents as well as information which was made available to HAMBORNER REIT