Demire Deutsche Mittelstand Real Estate Ag · XETR:DMRE
Demire Deutsche Mittelstand Real Estate — Investor Presentation (April 2025)
16 slides from Demire Deutsche Mittelstand Real Estate's investor presentation, April 2025
Slide 1: Company Presentation April 2025
Company Presentation April 2025
Slide 2: Disclaimer
Disclaimer This document is for informational purposes only. This document is not intended to form the basis of any investment decision and should not be considered as a recommendation by DEMIRE Deutsche Mittelstand Real Estate AG (the “Company”) or any other person in relation to the Company. This
Slide 3: Table of Contents
Table of Contents 01 DEMIRE at a glance 02 Portfolio 03 Financials 04 Bond refinancing
Slide 4: DEMIRE at a glance
—] [>emrre O1 DEMIRE at a glance
Slide 5: DEMIRE at a glance
01 DEMIRE at a glance1) Applying the ABBA-approach2) DEMIRE is a leading German public Real Estate Firm Financial and sustainability reporting achieved Gold focused on Office, Retail and Hotel properties across awards from EPRA Germany foremost in Secondary Locations Sizeable € 1.0bn German commerci
Slide 6: Portfolio
—] [>emrre O2 Portfolio
Slide 7: Attractive €1.0bn commercial portfolio
Attractive € 1.0bn1) commercial portfolio German-wide diversified portfolio with office overweight DISTRIBUTION BY FEDERAL STATE2) DISTRIBUTION BY ASSET CLASS2) Other Hotel & Others 8% 8% Bavaria 5% North Rhine Westphalia Baden-Wurttemberg 28% 6% Retail Schleswig-Holstein Total GRI3) 29% Total GRI3)
Slide 8: Portfolio breakdown
Portfolio breakdown1) Diversification across industries, performance indicators reflect reduced asset base TOP 5 INDUSTRIES LETTING PERFORMANCE ANNUALISED CONTRACTUAL RENT % of annualised contractual rent of portfolio sqm 287,600 85.6 78.1 85.1 €m 76.7 177,300 182,700 56.4 Public administration, def
Slide 9: Financials
—] [>emrre 03 Financials
Slide 10: Financials FY 2024
Financials FY 2024 Shortened P&L statement & FFO-bridge: Rental income and FFO down following portfolio reduction, significant profit from bond buy-backs FY 2024 FY 2023 Change (€ m) (€ m) (%) Rental income 1 65.3 78.5 (16.9) 11. Lower rental income mainly driven by sale of “LogPark” in Leipzig and
Slide 11: Financials FY 2024
Financials FY 2024 Shortened balance sheet: contraction of balance sheet reflects lower asset base and deleveraging FY 2024 FY 2023 Change (€ m) (€ m) (%) Investment properties 1 724.7 947.3 (23.5) 11. Reduction primarily following the deconsolidation of the “LIMES” portfolio and the revaluation res
Slide 12: Financials FY 2024
Financials FY 2024 Successful restructuring of the maturing notes results in material deleveraging, interest level adjusted to market levels NET-LTV1) AVERAGE COST OF DEBT2) % % 57.7 4.35 40.9 1.74 FY 2023 FY 2024 FY 2023 FY 2024 ▪ Significant deleveraging achieved by generating disposal proceeds an
Slide 13: Financials FY 2024
Financials FY 2024 Guidance rental income and FFO I FY 2024 and FY 2025 GUIDANCE 2024 Guidance Actual GUIDANCE 2025 Guidance Rental income € 64 – 66m € 65.3m Rental income € 51 – 53m FFO I FFO I Significantly lower € 23.4m (after taxes, before minorities, € 3.5 – 5.5m (after taxes, before minorities
Slide 14: Bond refinancing
—] [>emrre 04 Bond refinancing
Slide 15: Reinstated bond 19/27
Reinstated bond 19/27 Successful extension of the Bond 19/24 to 2027 to achieve a sustainable capital structure for the coming years Key Head of terms Maturity extension ▪ 31 December 2027 Shareholder support ▪ Up to € 100m shareholder loan for tender offer (deeply subordinated) ▪ 312.5bps margin up
Slide 16: Contact
Contact www.demire.ag stinauer@demire.ag +49 (0) 6103 37249 44
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