Slide 1: Conference Call Preliminary Results 2023
Conference Call Preliminary Results 2023 Niclas Karoff 8 February 2024 Office property ‚EUREF-Campus‘ Berlin
Slide 2: Preliminary key figures 2023
Preliminary key figures 2023 €91.1m €54.7m €0.67 Rental income1 FFO FFO per share €10.02 2.8% NAV per share EPRA vacancy rate 6.4 years 55.1% WALT REIT equity ratio 43.5% 10.1x LTV Net debt / EBITDA2 1 Affected by P&L reclassifications; includes tenant prepayments for property taxes and insurance (p
Slide 3: Portfolio development
Portfolio development Portfolio development full-year 2023 Comments ▪ Value development influenced by property Transactions Retail Portfolio (LfL) Office Portfolio (LfL) transactions (+€24.8m) and -10.5% decrease of Portfolio value like-for-like portfolio value (-€169.6m) €1,608.6m ▪ Decline in tota
Slide 4: Preliminary portfolio key metrics as of December 2023
Preliminary portfolio key metrics as of 31 December 2023 Asset class Total portfolio Investment approach Retail Office Split Core % Manage-to-Core1 % Number of properties 39 28 67 64 95.5% 3 4.5% Fair Value €836.5m €634.5m €1,471.0m €1,425.8m 96.9% €45.2m 3.1% Leased area 393,234 m² 229,698 m² 622,9
Slide 5: Rent development
Rent development Development of annualized rents (year-on-year) +€1.9m -€0.3m €90.2m -0.3% +€1.6m €87.0m +2.2% +1.8% Annualized rents Acquisitions Indexation Re-lettings/ Annualized rents 31 December 2022 Vacancy change 31 December 2023 Rent development like-for-like (year-on-year)1 Asset class Tota
Slide 6: Funds from operations (FFO) | Preliminary figures
Funds from operations (FFO) | Preliminary figures in k€ 2023 2022 Change Comments 1 Income from rents and leases1 91,069 87,060 +4.6% ▪1 Increase in income from rents and leases mainly Income from passed on costs1 13,492 12,174 +10.8% due to property additions and indexation effects Operating expens
Slide 7: Financial situation
Financial situation Expiration of financial liabilities (as of31 (as of 31December December 2021) 2023) 55.1% REIT equity ratio 43.5% 1.8 % LTV 10.1x Net debt/EBITDA1 20.4% 5.5x 16.7% EBITDA/Interest coverage 13.5% 13.0% 12.7% 8.4% 7.5% €702.1m Financial liabilities2 2.8% 3.1% 2024 2025 2026 2027 20
Slide 8: Tenant base
Tenant base Top-10 tenants (as of 31 December 2023) Sector distribution (as of 31 December 2023) Tenant Sector Rent1 Sector Rent1 EDEKA Group Food retail 13.3% Food 33.0% Kaufland Group Food retail 7.1% DIY 11.4% REWE Group Food retail / DIY 6.9% IT / Communication 10.1% OBI DIY 6.6% Finance / Insur
Slide 9: Leasing situation
Leasing situation Weighted average lease expiry (as of 31 December 2023) Letting result 2023 109,895m² 96,253m² 52% 47% 7.6 years 6.4 years 53% 48% 13,642m² 4.8 years 83% 17% New lettings Contract extensions Total Retail Office Total Retail Office 30,0% Lease expiry schedule (as of 31 December 2023;
Slide 10: Decarbonisation strategy | CO2e-balance at portfolio and management level
Decarbonisation strategy | CO2e-balance at portfolio and management level CO2e-balance for base year 2021 Share of emission sources in the CO2e-balance in tCO2e 42,130 0.5% 28,747 11.0% 7,109 4,415 4,242 16.7% 2,867 4,484 1,820 71.8% 69 38 10 0 131 8 69 0 199 Direct Energy Services, Energy Mobility
Slide 11: Decarbonisation strategy | Decarbonisation target and milestones
Decarbonisation strategy | Decarbonisation target and milestones Level Scope Target 2030 Target 2045 -50.0% to 28.2 kgCO2e/m2 Reduction of energy related emissions Portfolio Energy related1 Net Zero Greenhouse gas emissions Corporate Total balance The Net Zero targets are associated with a small a
Slide 12: Decarbonisation strategy | Decarbonisation pathway
Decarbonisation strategy | Decarbonisation pathway Milestones along CRREM decarbonisation pathway1 70 Scope 1, 2, 3 energy related 60 Scope 3 other 50 CRREM V.2, 2°C – cross-portfolio kgCO2e/m² 40 30 20 10 - BASE YEAR 56.4 TARGET 28.2 -50% 2021 kgCO2e/m² 2030 kgCO2 e/m² BASE YEAR 62.9 TARGET 1.8 -97
Slide 13: Decarbonisation strategy | Areas of action and cost indication
Decarbonisation strategy | Areas of action and cost indication Cost indication for property and building maintenance Areas of action to reduce emissions Maintenance expenses Modernisation of technical building systems €0.0m – €0.1m 1 Ø €1.2m – €1.5m p.a.€1.0m €1.0m – €1.5m – €1.5m €1.5m – €1.8m Expa
Slide 14: Outlook
Outlook Dividend €0.48 per share ~72% Dividend proposal Resultant FFO payout ratio Guidance 2024 €91.0m – €92.5m €49.0m – €50.5m Rental income FFO Main influencing factors + Stable and reliable cashflows - Uncertainties on letting markets + Property additions 2023 - Maintenance expenses (incl. cost
Slide 15: 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 Investor Relations, Financing www.hamborner.de & Corporate Communications info@ir.hamborner.de E-Mail: c.heitmann@hamborner.de +49 (0)203/54
Slide 16: Disclaimer
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