Esr Kendall Square Reit Co., Ltd. · KRX:365550
Esr Kendall Square Reit — H2 2024 Earnings Presentation
12 slides from Esr Kendall Square Reit's earnings presentation, February 2025
Slide 1: ESR Kendall Square REIT 2H 2024 Earnings Call
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Slide 2: Disclaimer
Disclaimer This presentation has been prepared by ESR Kendall Square REIT Co., Ltd. (the “Company”) solely for informational purposes in its presentation to prospective investors held in connection with the proposed offering (the “Offering”) of common shares of the Company (the “Securities”). The in
Slide 3: 2H 2024 Financial Results – In accordance with K-IFRS
2H 2024 (FY 10) Financial Results – In accordance with K-IFRS + + + +1.8% 7.4% -7.6% 9.9% -84.0% -69.7% ESR K END A L L SQ U A R E R EIT 3
Slide 4: 2H 2024 Financial Results – Balance Sheet
2H 2024 (FY 10) Financial Results – Balance Sheet + + +2.1% +7.7% +5.7% +17.4% -2.3% -2.9% ESR K END A L L SQ U A R E R EIT 4
Slide 5: 2H 2024 Financial Results – NOI & FFO
2H 2024 (FY 10) Financial Results – NOI & FFO + + + Net Operating Income* 1.8% 8.5% -6.0% 9.3% Fund From Operations* -11.0% -27.6% Cash assets(Consolidated K-IFRS) -12.3% 15.8% ESR K END A L L SQ U A R E R EIT 5
Slide 6: 2H 2024 Leasing Overview
2H 2024 (FY 10) Leasing Overview Key Portfolio Metrics Occupancy rate (since IPO upto 2024.12) Cold Storage Proportion of Avg. Monthly Revenue Avg. NOI (%) Maintained 99.0% occupancy as of December 2024 Total Portfolio per Py 8% 88% 34,000 Won 2021.11 2022.11 2023.11 2024.12 Lease Expiry Schedule (A
Slide 7: 2H 2024 Asset & Liability Overview
2H 2024 (FY 10) Asset & Liability Overview Asset Valuation Overview 700,000 Purchase Price Appraisal Value 600,000 500,000 Total appraised value stands at c.KRW 2.86 trillion, 400,000 reflecting a KRW 340 billion increase since acquisition 300,000 200,000 100,000 0 Long-Term Debt Maturity Schedule 7
Slide 8: Appendix
Ost (NOALL SQUARE SECTION IL Appendix ESR KENDALLSQUARE REIT
Slide 9: Consolidated Income Statement (K-IFRS)
Consolidated Income Statement (K-IFRS) ESR K END A L L SQ U A R E R EIT 9
Slide 10: Consolidated Balance Sheet (K-IFRS)
Consolidated Balance Sheet (K-IFRS) ESR K END A L L SQ U A R E R EIT 10
Slide 11: ESR KendallSquare REIT Portfolio
ESR KendallSquare REIT Portfolio + + + ESR K END A L L SQ U A R E R EIT 11
Slide 12: ESR KendallSquare REIT - Company Structure
ESR KendallSquare REIT - Company Structure Ownership CPPIB Domestic Institutional / Corp. Foreigner (Major Shareholder) Retail Investors Investors 24.85% Company Assets REF beneficiary certificate Subsidiary REIT No.1 Subsidiary REIT No.2 REF Icheon LP 4 (99.28%) Bucheon Cold LP Gimhae LP 2 REF Yong
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