Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q3 2014 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, Nov 7, 2014

  1. Slide 1: Third Quarter 2014 Financial Results Presentation

    THIRD QUARTER 2014 FINANCIAL RESULTS PRESENTATION 7 NOVEMBER 2014 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 2014

    PRIVATE & CONFIDENTIAL 3 Financial Summary Third Quarter FY 2014 1 July 2014 – 30 September 2014 Commentary  3Q2014 Interim Distribution Per Unit: 2.6 sen  Seven Years Track Record of Positive Results – distribution and net income Slight drop in realised net income mainly due to tariff hike impac

  4. Slide 4: Sustainable Annual DPU Positive Growth Since IPO

    PRIVATE & CONFIDENTIAL 4 Distribution Details Sustainable Annual DPU Positive Growth Since IPO Current Distribution Details Hektar REIT Third Quarter 2014 Distribution Policy Barring unforeseen circumstances, Hektar  Distribution Period: 1 July 2014 – 30 Sept 2014 REIT will pay distributions equiva

  5. Slide 5: Comparative Yields - Malaysia

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Distribution Yield at approximately 6.9%  Traded at a 271 bps spread over MGS 10-year  Unit Price increased by 0.7% since beginning of the year Hektar REIT Unit Price Change Hektar REIT Comparative Yields 3Q2014 (9 months) Unit Pri

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~94.5% ► Rental Reversions +14.0% for 3Q14 ► Tenancy Expiry Profile ► 34% of Portfolio Tenancy Rental Income Expires in 2015 ►

  7. Slide 7: Hektar REIT Portfolio - Occupancy

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~94.5% Hektar REIT Portfolio Occupancy As at As at As at As at As at As at As at As at As at As at As at As at As at 31 Dec 31 Dec 30 Sep 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Dec 31 Mar 30 Jun 30 Sep Pr

  8. Slide 8: Hektar REIT Portfolio – Rental Reversions

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions +14.0% for 3Q 2014  On going tenant remixing exercise at Kedah Malls generated high reversion rates. Hektar REIT Rental Reversions: Quarter Third Quarter No. of New % (3 months) Tenancies / NLA % of Increase / (Dec

  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 Sept 2014 No. of NLA of Tenancies NLA of Tenancies % of Total Subang Parade For Year Ending Tenancies Expiring Expiring as % of Monthly Rental 31 December Expiring (sq ft)

  10. Slide 10: Tenancy Portfolio Expiry Profile 2014 – 2017

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2014 – 2017  FY2015 - 153 tenancy expiries account for approximately 34% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 30 Sept 2014 Portfolio No. of NLA

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results 3Q2014 Gross Revenue up 2.4%; NPI up 2.0% from preceding year ► 3Q2014 Net Income (Realised) -2.1 % 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 3Q2014 Net Income (Realised) up 2% vs corresponding quarter 3Q2013 Income Statement 3Q14 3Q13 Variance Third Quarter 2014 (Unaudited) (RM '000) (RM '000) (%) Revenue 30,792 30,068 + 2.4% Direct Cost & Property Expenses (12,595) (12,234

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

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative For Period 1 January – 30 September 2014 (versus previous comparable period) Income Statement 9M14 9M13 Variance Year-To-Date (Unaudited) (RM '000) (RM '000) (%) Revenue 91,163 89,803 + 1.5% Direct Cost & Property Expenses (36,744

  14. Slide 14: Hektar REIT’s Balance Sheet for 3Q2014

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 3Q2014 Balance Sheet As at 30.9.2014 As at 31.12.2013 Unit Price Statistics (Unaudited) (RM '000) (RM '000) As at 30 Sept 2014 Non-Current Assets Investment Properties 1,047,280 1,047,280 No. of Units Outstanding Capital Work in

  15. Slide 15: Debt Profile for 3Q 2014

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for 3Q 2014 Debt Expiry Profile As at 30 Sept 2014 Debt Information 500 As at 30 Sept 2014 450 RM million 400 350  Total Debt: RM436 million 300 250  Weighted Cost of Debt: 4.5% 200 150  Gearing Ratio1: 40.7% 100  Interest Cover2: 3.37 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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