Defama Deutsche Fachmarkt Ag · XETR:DEF

Defama Deutsche Fachmarkt — Investor Presentation (November 2018)

22 slides from Defama Deutsche Fachmarkt's investor presentation, November 2018

  1. Slide 1: Company Presentation DEFAMA Deutsche Fachmarkt AG

    Company Presentation DEFAMA Deutsche Fachmarkt AG November 2018

  2. Slide 2: Equity Story

    EQUITY STORY DEFAMA invests in: • Well‐established retail parks and small shopping centres • With at least two chain stores with strong solvency as (anchor) tenants • Without larger vacancies and/or investment needs • Purchase for maximum 9 times annual net rent • Purchase price per property usually

  3. Slide 3: Equity Story: Three good reasons for the strategy

    EQUITY STORY Three good reasons why we pursue this strategy: Property size usually Too small for most Favourable prices due to lack of between €1m and €5m institutional investors competition on the buyer’s side Focus on typical local No issues with Sustainable rentability shopping centres e‐commerce

  4. Slide 4: Management

    MANAGEMENT Matthias Schrade Swen Rehwald CEO / Member of the COO Management Board • Many years of experience as a financial • For many years working as an asset and project analyst and entrepreneur manager, most recently senior asset manager of • Excellent network in the areas of retail, a portfolio

  5. Slide 5: Management: Supervisory Board

    MANAGEMENT Supervisory Board Peter Schropp (Chairman) • Until 9/2014 Member of the Management Board of VIB Vermögen AG responsible for Real Estate • Significantly involved in the expansion of the portfolio to just under €1bn • Great financing know‐how as a trained banker Ulrich Rücker (Deputy Chairm

  6. Slide 6: Group Structure

    GROUP STRUCTURE • Acquisition and financing always in object subsidiaries • DEFAMA AG as a holding company provides the equity required for the acquisitions • 30 real estate acquisitions so far DEFAMA Deutsche Fachmarkt AG 100% 100% 100% 100% 100% 100% 100% 100% 94% 100% DEFAMA Verwal‐ tungs GmbH DE

  7. Slide 7: Portfolio

    PORTFOLIO Key Figures (as of 30 Sept. 2018) Staßfurt, Saxony‐Anhalt Construction year: 1998 / 2000 Plot size: 10,187 sqm Templin, Brandenburg Locations 30 Lettable space: Renting quote: 3,307 sqm 95% Construction year: Plot size: 1992 / 1998 14,579 sqm Biggest tenants: Lettable space: 4,543 sqm ALDI

  8. Slide 8: Portfolio: Largest Tenants and Net Rent by Industry

    PORTFOLIO Largest Tenants Share Net Rent by Industry REWE/Penny/Sky 10.2 % EDEKA/Netto 7.4 % LIDL 6.8 % NORMA 6.3 % toom 6.1 % Tengelmann Group 4.4 % Aldi Nord 4.2 % Takko 2.9 % Dän. Bettenlager 2.7 % Deichmann 2.5 % Company Presentation DEFAMA Deutsche Fachmarkt AG 8

  9. Slide 9: Portfolio: KOLOSSEUM Spreewald, Lübbenau

    PORTFOLIO KOLOSSEUM Spreewald, Lübbenau  Construction Year: 1994  Plot Size: 10,431 sqm  Lettable Space: 12,155 sqm  Occupancy Rate: 90%  Purchase Price: app. €8m  Annual Net Rent: €900k  Acquisition for 9 times annual net rent  Key Tenants are Rossmann, NKD, MäcGeiz, Ernsting’s family, KiK,

  10. Slide 10: Portfolio: Retail Park Staßfurt

    PORTFOLIO Retail Park Staßfurt  Construction Year: 1998 / 2000  Plot Size: 10,187 sqm  Lettable Space: 3,307 sqm  Occupancy Rate: 95%  Purchase Price: €2.6m  Annual Net Rent (fully let): €290k  Acquisition for 9 times annual net rent  Key Tenants are ALDI, Miller & Monroe and ABC Shoes  Per

  11. Slide 11: Portfolio: Retail Park Templin

    PORTFOLIO Retail Park Templin  Construction Year: 1992 / 1998  Plot Size: 14,579 sqm  Lettable Space: 4,543 sqm  Occupancy Rate: 100%  Investment: app. €2m  Annual Net Rent: > €250k  Acquisition at a very attractive yield  Key Tenants are BayWa DIY store, NORMA and a beverage chain banner 

  12. Slide 12: Portfolio: Retail Park Schmallenberg

    PORTFOLIO Retail Park Schmallenberg  Construction Year: 1989  Plot Size: 6,149 sqm  Lettable Space: 6,745 sqm  Occupancy Rate: 86%  Purchase Price: app. €7m  Annual Net Rent (fully let): €720k  Acquisition at 9.7 times annual net rent  Key Tenants are LIDL, Takko, TEDi, Ernsting‘s family, In

  13. Slide 13: Financing

    FINANCING Key Figures (as of 30 September 2018) Maturity Profile incl. Repayments in €m Number of Financing Partners 17 12 Bank Loans €57.5m 8 Ø Interest Rate 2.44% 4 Ø Initial Repayment 5.06% Ø Fixed Interest 8.2 years 0 Loan‐To‐Value Ratio (LTV) 63.0% Maturity Repayments • Financing arranged throu

  14. Slide 14: Key Financials 2017

    KEY FINANCIALS 2017 Portfolio Value Sales in €k in €k 72,820 5,828 75,000 6,000 +52% +70% 47,760 50,000 4,000 3,438 25,000 2,000 0,000 0,000 2016/12/31 2017/12/31 2016 2017 Company Presentation DEFAMA Deutsche Fachmarkt AG 14

  15. Slide 15: Key Financials 2017

    KEY FINANCIALS 2017 Net Profit Funds from Operations (FFO) in €k in €k 1,500 1,362 . 0,60 3,000 2,581 . 1,20 1,000 0,889 . 0,40 2,000 1,580 . 0,80 . 0,38 . 0,73 . 0,30 . 0,54 0,500 . 0,20 1,000 . 0,40 0,000 0,00 0,000 0,00 2016 2017 2016 2017 Earnings EPS in € FFO FFO / Share in € Company Presentati

  16. Slide 16: Key Financials 9M/2018

    KEY FINANCIALS 9M/2018 Portfolio Value Sales in €k in €k 100,000 94,110 7,500 6,408 +48% 75,000 +58% 63,560 5,000 4,057 50,000 2,500 25,000 0,000 0,000 2017/09/30 2018/09/30 1‐9/2017 1‐9/2018 Company Presentation DEFAMA Deutsche Fachmarkt AG 16

  17. Slide 17: Key Financials 9M/2018

    KEY FINANCIALS 9M/2018 Net Profit Funds from Operations (FFO) in €k in €k 1,500 1,308 . 0,60 3,000 2,664 . 1,20 +35% +47% 0,968 1,815 1,000 . 0,40 2,000 . 0,80 . 0,37 . 0,75 0,500 . 0,27 . 0,20 1,000 . 0,51 . 0,40 0,000 0,00 0,000 0,00 1‐9/2017 1‐9/2018 1‐9/2017 1‐9/2018 Earnings EPS in € FFO FFO /

  18. Slide 18: Status and Outlook

    STATUS AND OUTLOOK Guidance for 2018 Prior Year • Net Profit (German GAAP): €1.75m €1.36m €0.49 per share €0.38 per share • Funds From Operations (FFO): €3.4m €2.58m €0.96 per share €0.73 per share • Again, significant dividend increase €0.34 per share Annualised portfolio key figures • Total Net Re

  19. Slide 19: Share

    SHARE Share price development since IPO at 13 July 2016 Shareholder Structure 2) 13 € 10 € 32% 7€ 61% 5% 4€ 2% Jul. 16 Feb. 17 Sep. 17 Apr. 18 Nov. 18 WKN / ISIN A13SUL / DE000A13SUL5 MSC Invest GmbH / M. Schrade Stock Exchange Munich (m:access), Frankfurt, Xetra Geminus GmbH / C. Müller Number of S

  20. Slide 20: Why to Invest

    WHY TO INVEST Highly Profitable thanks to favourable purchase prices and lean structures Solid Financing via object subsidiaries with local and savings banks Down‐to‐Earth Team with great experience in the real estate and retail sector Shareholder‐friendly with high transparency and attractive divid

  21. Slide 21: Contact

    CONTACT DEFAMA Deutsche Fachmarkt AG Nimrodstr. 23 D 13469 Berlin www.defama.de Matthias Schrade Member of the Management Board Telephone +49 (0) 30 / 555 79 26 ‐ 0 Fax +49 (0) 30 / 555 79 26 ‐ 2 E‐mail schrade@defama.de Company Presentation DEFAMA Deutsche Fachmarkt AG 21

  22. Slide 22: Disclaimer

    DISCLAIMER Important Notice: Forward Looking Statement The information or opinions contained in this document have not been independently verified and no express or implied warranty or representation is made as to their suitability, accuracy or completeness or the recipient may not rely on them. Thi

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