Slide 1: Conference Call 9M 2023
Conference Call 9M 2023 Niclas Karoff Sarah Verheyen 9 November 2023 Office property ‚EUREF-Campus‘ Berlin
Slide 2: Key figures 9M 2023
Key figures 9M 2023 €66.2m €42.2m €0.52 Rental income FFO FFO per share €10.76 2.7% NAV per share EPRA vacancy rate 6.5 years 56.5% WALT REIT equity ratio 42.4% 9.5x LTV Net debt/EBITDA1 1 Net financial debt (average last five quarters) in relation to EBITDA adjusted by result from sales (last twelv
Slide 3: Funds from operations (FFO)
Funds from operations (FFO) in k€ 9M 2023 9M 2022 Change Comments 1 Income from rents and leases 66,233 63,196 +4.8% ▪1 Increase in income from rents and leases mainly Income from passed on costs 11,989 10,569 +13.4% due to property additions and indexation effects Operating expenses -15,394 -13,811
Slide 4: Financial situation
Financial situation Expiration Expiration of of financial financial liabilities liabilities (as (asofof3031September December 2021) 2023) 56.5% REIT equity ratio 42.4% 1.8% LTV 9.5x Net debt/EBITDA1 20.2% 5.7x 16.5% EBITDA/Interest coverage 13.4% 12.9% 12.5% 8.3% 7.4% €696.5m Financial liabilities 2
Slide 5: Acquisitions 2023
Acquisitions 2023 Hanau Offenburg Hanau Offenburg Asset type Retail Retail Investment approach Core Core Year of construction 1997 (refurbished 2017) 2017 Leased area 4,100 m2 13,900 m2 WALT1 12.5 years 7.8 years Offenburg Occupancy rate1 100% 100% Annual rental income1 ~€0.4m ~€1.2m Purchase price
Slide 6: Rent development
Rent development Development of annualized rents (year-on-year) +€3.2m +€0.1m €90.5m +0.1% +€1.6m €85.6m +3.8% +1.8% Annualized rents Acquisitions Indexation Lettings/ Annualized rents 30 September 2022 Vacancy change 30 September 2023 Rent development like-for-like (year-on-year)1 Asset class Total
Slide 7: Tenant base
Tenant base Top-10 tenants (as of 30 September 2023) Sector distribution (as of 30 September 2023) Tenant Sector Rent1 Sector Rent1 EDEKA Food retail 13.3% Food 33.0% Kaufland Food retail 7.2% DIY 11.5% REWE Food retail 6.9% IT / Communication 10.1% OBI DIY 6.8% Finance / Insurance 7.1% Globus Food
Slide 8: Letting operations
Letting operations Lease renewals OBI DIY stores Letting result 9M 2023 90,313 m² Aachen 78,075 m² Lease area ~11,400m² 50% 45 % Extension +10 years Duration 2037 12,238 m² 55 % 50 % 83 % 17 % Leipzig New lettings Contract extensions Total Lease area ~11,100m² Retail Office Extension +10 years Durat
Slide 9: Portfolio key metrics as of 30 September 2023
Portfolio key metrics as of 30 September 2023 Asset class Total portfolio Investment approach Retail Office Split Core % Manage-to-Core % Number of properties 39 28 67 64 95.5% 3 4.5% Fair Value €858.8m €683.4m €1,542.2m €1,483.0m 96.2% €59.2m 3.8% Leased area 393,161 m² 229,703 m² 622,863 m² 595,66
Slide 10: Lease expiries
Lease expiries Lease expiry schedule (as of 30 September 2023; in % of annual rents) 35% 30% 4.1% 25% 20% 15% 25.1% 10% 4.8% 6.1% 4.4% 6.3% 4.0% 5% 1.3% 0.8% 5.3% 3.8% 3.1% 4.1% 3.9% 5.2% 5.1% 5.0% 2.2% 3.2% 2.2% 0% 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 and later Retail Office Enhanced
Slide 11: Guidance update full-year 2023
Guidance update full-year 2023 €88.0m – €89.0m Rental income €53.0m – €54.0m (previously €51.0 - €53.0m) FFO 7.0% – 12.0% below previous year‘s level NAV per share 11
Slide 12: 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 12
Slide 13: This presentation has been prepared and/or issued by HAMBORNER REIT AG (hereinafter "HAMBORNER") solely
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