Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q4 2016 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, Feb 14, 2017

  1. Slide 1: Fourth Quarter 2016 Financial Results Presentation

    FOURTH QUARTER 2016 FINANCIAL RESULTS PRESENTATION 14 FEBRUARY 2016 HEKTAR ASSET MANAGEMENT SDN BHD

  2. Slide 2: Disclaimer

    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

    PRIVATE & CONFIDENTIAL 3 Financial Summary Fourth Quarter FY 2016 1 Oct 2016 – 31 Dec 2016 Commentary  4Q2016 Interim Distribution Per Unit: 2.7 sen  Realised Net Income for the period down 5.6% due to lower revenue Operational & Financial Performance (Fourth Quarter) Distribution and Yield  Port

  4. Slide 4: Distribution Details

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Positive Growth Since IPO Current Distribution Details Hektar REIT Fourth Quarter 2016 Distribution Policy Barring unforeseen circumstances, Hektar  Distribution Period: 1 Oct 2016 – 31 Dec 2016 REIT will pay distributions equival

  5. Slide 5: Comparative Yields - Malaysia

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Distribution Yield at approximately 6.7%  Traded at a 283 bps spread over MGS 10-year  Unit Price increased by 9.0% since beginning of the year Hektar REIT Unit Price Change Hektar REIT Comparative Yields 4Q 2016 (12 months) Unit P

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~96.2% ► Rental Reversions -11.6% for 4Q16 ► Tenancy Expiry Profile ► 56% of Portfolio Tenancy Rental Income Expiries in 2017 ►

  7. Slide 7: Hektar REIT Portfolio - Occupancy

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~96.2% Wetex Parade records full occupancy 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 As at As at As at 31 Dec 31 Dec 30 Sep 31 Dec 31 Dec 31 D

  8. Slide 8: Rental Reversions -12% for 4Q 2016

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions -12% for 4Q 2016  Positive reversion recorded at Wetex Parade and Landmark Central Hektar REIT Rental Reversions: Quarter Subang Parade : Fourth Quarter No. of New % Lower rent provided to (3 months) Tenancies / NL

  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 31 Dec 2016 Subang Parade No. of NLA of Tenancies NLA of Tenancies For Year Ending Tenancies Expiring Expiring as % of Total % of Total Monthly 54% 31 December Expiring (sq ft

  10. Slide 10: Tenancy Portfolio Expiry Profile 2017 – 2019

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2017 – 2019  FY2017 - 207 tenancy expiries account for approximately 56% of monthly rental income* Hektar REIT Tenancy Expiry Profile – Overall Portfolio As at 31 December 2016 Portfolio No. of

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results 4Q2016 Gross Revenue down 2.4%; NPI down 4.1% from preceding year ► 4Q2016 Net Income (Realised) down 5.6% from preceding year ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative 4Q2016 Realised Net Income down 5.6% vs corresponding quarter 4Q2015 Income Statement 4Q16 4Q15 Variance Fourth Quarter 2016 (Unaudited) (RM '000) (RM '000) (%) Revenue 31,167 31,931 - 2.4% Direct Cost & Property Expenses (12,438) (12,

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

    PRIVATE & CONFIDENTIAL 13 Income Statement – Year-To-Date Comparative For Period 1 January – 31 December 2016 (versus previous comparable period) Income Statement FY16 FY15 Variance Year-To-Date (Unaudited) (RM '000) (RM '000) (%) Revenue 124,571 125,511 - 0.7% Direct Cost & Property Expenses (50,23

  14. Slide 14: Balance Sheet

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for 4Q2016 Balance Sheet As at 31.12.2016 As at 31.12.2015 (Unaudited) (RM '000) (RM '000) Unit Price Statistics Non-Current Assets As at 30 Dec 2016 Investment Properties 1,092,450 1,086,580 Capital Work in Progress 162 335 Fixed D

  15. Slide 15: Debt Profile

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for 4Q 2016 Debt Expiry Profile As at 31 Dec 2016 Debt Information 600 As at 31 Dec 2016 550 500  Total Debt: RM million RM508 million 450 400  Weighted Cost of Debt: 4.8% 350 300  Gearing Ratio1: 45.1% 250 200 150  Interest Cover2: 2.80 100 50

  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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