Hektar Real Estate Investment Trust · MYX:HEKTAR

Hektar Real Estate Investment Trust — Q2 2011 Earnings Presentation

16 slides from Hektar Real Estate Investment Trust's earnings presentation, Aug 17, 2011

  1. Slide 1: Second Quarter 2011 Financial Results Presentation

    SECOND QUARTER 2011 FINANCIAL RESULTS PRESENTATION 17 AUGUST 2011 HEKTAR ASSET MANAGEMENT SDN BHD

  2. Slide 2: Disclaimer / About Hektar

    PRIVATE & CONFIDENTIAL 2 Disclaimer The material that follows is a presentation of general background information about the activities of the Hektar Group (including Hektar REIT and any other affiliates) as at the date of this Presentation. The information contained herein is given in summary form s

  3. Slide 3: Financial Summary Second Quarter 2011

    PRIVATE & CONFIDENTIAL 3 Financial Summary Second Quarter 2011 1 April 2011 – 30 June 2011 Three (3) months Operational & Financial Performance Dividend Distribution  Portfolio Occupancy: ~ 95.7% First Quarter Interim Dividend Per Unit  Rent Reversions: + 15% (DPU): 2.50 sen  Net Income per Unit

  4. Slide 4: Hektar REIT Annual DPU Growth Positive Since IPO

    PRIVATE & CONFIDENTIAL 4 Distribution Details Hektar REIT Annual DPU Growth Positive Since IPO Current Dividend Distribution Details Second Quarter 2011  Distribution Period: 1 April – 30 June 2011  Quarterly DPU: 2.50 sen  Notice of Entitlement: 17 August 2011  Ex-Dividend Date: 5 September 201

  5. Slide 5: Hektar REIT Dividend Yield at approximately 7.4%

    PRIVATE & CONFIDENTIAL 5 Comparative Yields - Malaysia Hektar REIT Dividend Yield at approximately 7.4%  Traded at a 339 bps spread over MGS 10-year Hektar REIT Unit Price Change Hektar REIT Comparative Yields First Half 2011 (6 months) Unit Price RM 1.35 1.40 30 June 2011 8% 7.4% 1.35 7% 339 bps 1

  6. Slide 6: Portfolio Performance

    PRIVATE & CONFIDENTIAL 6 Portfolio Performance Overall Occupancy at ~95.7% ► Rental Reversions at a positive 15% for 2Q 2011 ► Tenancy Expiry Profile ►

  7. Slide 7: Overall Portfolio Occupancy at ~95.7%

    PRIVATE & CONFIDENTIAL 7 Hektar REIT Portfolio - Occupancy Overall Portfolio Occupancy at ~95.7% Hektar REIT Portfolio Occupancy As at 31 As at 31 As at 30 As at 31 As at 31 As at 31 As at 31 As at 31 As at 30 December December September December December December December March June Property 2004 2

  8. Slide 8: Hektar REIT Portfolio – Rental Reversions

    PRIVATE & CONFIDENTIAL 8 Hektar REIT Portfolio – Rental Reversions Rental Reversions positive at 15% for second quarter  2Q 11: 23 new tenancies / renewals at 15% higher average rental rate  Year-To-Date rental reversion at 13% higher  Wetex Parade opened new entertainment zone at the Quadrix Hek

  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 Hektar REIT Tenancy Expiry Profile by Property As At 30 June 2011 Subang Parade No. of NLA of Tenancies NLA of Tenancies % of Total 42% 33% For Year Ending Tenancies Expiring Expiri

  10. Slide 10: Tenancy Portfolio Expiry Profile 2011 – 2014

    PRIVATE & CONFIDENTIAL 10 Hektar REIT Portfolio – Tenancy Expiry Profile Tenancy Portfolio Expiry Profile 2011 – 2014  FY2011 tenancy expiries account for approximately 19% of monthly rental income*  81% of Portfolio Tenancy Rental Income locked in for 2011 Hektar REIT Tenancy Expiry Profile – Ove

  11. Slide 11: Financial Results

    PRIVATE & CONFIDENTIAL 11 Financial Results Second Quarter 2011 Net Income up 3% from previous corresponding quarter ► Year-To-Date 2011 Net Income up 0.9% from previous corresponding period ► Hektar REIT trading at a 1.9% premium to NAV as at 2Q11 ► Hektar REIT Average Cost of Debt at 4.11% ►

  12. Slide 12: Income Statement – Quarter Comparative

    PRIVATE & CONFIDENTIAL 12 Income Statement – Quarter Comparative Second Quarter 2011 Net Income up 3% vs previous quarter For Period 1 April – 30 June 2011 (versus previous comparable period) Income Statement 2Q11 2Q10 Variance Second Quarter 2011 (Unaudited) (RM '000) (RM '000) (%) Revenue 23,258 2

  13. Slide 13: Income Statement – Year to Date Comparative

    PRIVATE & CONFIDENTIAL 13 Income Statement – Quarter Year to Date Comparative Second Quarter 2011 Year To Date Net Income up 0.9% vs previous period For Period 1 January – 30 June 2011 (versus previous comparable period) Income Statement 1H11 1H10 Variance Year-To-Date 2011 (Unaudited) (RM '000) (RM

  14. Slide 14: Balance Sheet for Second Quarter 2011

    PRIVATE & CONFIDENTIAL 14 Balance Sheet Hektar REIT’s Balance Sheet for Second Quarter 2011 Balance Sheet As at 31.6.2011 As at 31.12.2010 (Unaudited) (RM '000) (RM '000) Unit Price Statistics Non-Current Assets As at 30 June 2011 Investment Properties 752,000 752,000 Capital Work in Progress 10,745

  15. Slide 15: Debt Profile

    PRIVATE & CONFIDENTIAL 15 Debt Profile Debt Profile for Second Quarter 2011 Debt Expiry Profile As at 30 June 2011 Debt Information 200 As at 30 June 2011 175 150 RM million  Total Debt: RM342 million 125 100  Weighted Cost of Debt: 4.11% 75  Gearing Ratio1: 43.2% 50 25  Interest Cover2: 3.98 0

  16. Slide 16: Contact

    PRIVATE & CONFIDENTIAL 16 Contact “Creating The Places Where People Love To Shop” Investor Relations Hektar Asset Management Sdn Bhd Block C-0-5, Plaza Damas 60 Jalan Sri Hartamas 1 Sri Hartamas 50480 Kuala Lumpur MALAYSIA Tel: +6 03 6201 1011  Fax: +6 03 6201 0012  Web: www.HektarREIT.com Please

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