Slide 1: Conference Call 9M 2022
Conference Call 9M 2022 Niclas Karoff Hans Richard Schmitz Sarah Verheyen 10 November 2022 Office property ‚EUREF-Campus‘ Berlin
Slide 2: Key figures 9M 2022
Key figures 9M 2022 €63.2m €37.3m Rental income FFO €12.08 2.1% NAV per share EPRA vacancy rate 6.7 years 59.6% WALT REIT equity ratio 41.1% 10.9x LTV Net debt/EBITDA(1) (1) Net financial debt (average last five quarters) in relation to EBITDA adjusted by result from sales (last twelve months) 2
Slide 3: Portfolio key metrics as of 30 September 2022
Portfolio key metrics as of 30 September 2022 Asset class Total portfolio Investment approach Retail Office Split Core % Manage-to-Core % Number of properties 38 28 66 63 95.5% 3 4.5% Fair Value €889.2m €749.0m €1,638.3m €1,565.4m 95.6% €72.9m 4.4% Leased area 381,581 m² 229,631 m² 611,212 m² 584,01
Slide 4: Portfolio development – year-on-year / like-for-like
Portfolio development – year-on-year / like-for-like(1) Asset class Total portfolio Investment approach Retail Office Split Core Manage-to-Core Rents +0.0%-pts +4.4%-pts +1.9%-pts +2.1%-pts -2.2%-pts Indexation effects +3.9%-pts +4.5%-pts +4.2%-pts +4.2%-pts +3.3%-pts (Re-)Lettings/ -2.6%-pts +1.3%-
Slide 5: Transactions 2022
Transactions 2022 Acquisitions Disposals Freiburg Kempten Lemgo Asset type High-Street Retail Selling price €3.0m Latest fair value €3.0m WALT 2.4 years(1) Transfer of possession 31 March 2022 Gütersloh Asset type High-Street Retail Selling price €2.1m Asset type Retail Retail Latest fair value €2.0
Slide 6: Portfolio improvements
Portfolio improvements Implementation of adjusted strategy ▪ 23 disposals since strategy update in 2020 ▪ Total sales volume of €200m with 3.4% premium to latest fair values ▪ Strategic disposal of high-street assets up for short-term sale successfully completed ▪ Reduction of Ø age of assets (-32%)
Slide 7: Funds from operations (FFO)
Funds from operations (FFO) in k€ Q3 2022 Q3 2021 Change Comments 1 Income from rents and leases 63,196 63,912 -1.1% ▪1 Decline in rental income mainly due to Income from passed on costs 10,569 10,732 -1.5% property disposals (€-4.8m). Rent decrease mainly offset by portfolio Operating expenses –13,
Slide 8: EPRA NAV & NTA
EPRA NAV & NTA NAV Development Q3 2022 €984.9m -€38.2m €37.3m -€1.1m -€0.6m €982.4m -€0.5m €981.9m NAV Dividend FFO Acquisitions(1) Other NAV Intangible NTA 31 Dec 2021 Effects 30 Sep 2022 Assets 30 Sep 2022 NAV p/s NAV p/s NTA p/s -0.2% €12.11 €12.08 €12.07 (1) Resulting from incidental acquisition
Slide 9: Financial situation
Financial situation Expiration of financial liabilities (as (asofof30 31September December 2021) 2022) 59.6% REIT Equity ratio Refinancing 2022 completed(1) Ø interest rate: 1.6% 41.1% Ø maturity: 6.3 years LTV 1.5% 10.9x Net debt/EBITDA(2) 17.9% 4.8x EBITDA/Interest coverage 14.3% 7.6% 11.6% 10.7%
Slide 10: Lease contracts
Lease contracts Weighted average lease expiry (as of 30 September 2022) Letting result 9M 2022 67,335 m² 39,607 m² 66% 27,729 m² 60% 74% 40% 34% 7.8 years 26% 6.7 years 5.2 years New lettings Contract extensions Total Retail Office Total Retail Office 30,0% Lease expiry schedule (as of 30 September
Slide 11: Tenant base
Tenant base Top-10 tenants (as of 30 September 2022) Sector distribution (as of 30 September 2022) Tenant Sector Rent(1) Sector Rent(1) EDEKA Food retail 11.7% Food 32.4% Kaufland Food retail 7.5% DIY 11.4% REWE Food retail 7.1% IT/Communication 10.5% OBI DIY 6.7% Finance/Insurance 8.4% Globus DIY /
Slide 12: ESG management | Progress in key action areas
ESG management | Progress in key action areas Key Action Area Progress 2022 ▪ Ongoing data management optimisation and database expansion Environmental Management ▪ Set up of full carbon footprint for entire property portfolio & Climate Protection ▪ Implementation of ESG audits on asset level based
Slide 13: Outlook: Guidance update 2022
Outlook Guidance update 2022 €84.0 – 85.0m €48.0m – €49.0m ~Previous year‘s level Rental income FFO NAV per share Major influencing factors ▪ Positive effects from regular indexations ▪ Delayed transaction activity due to current market environment ▪ Trailing impact from reletting of REAL markets wi
Slide 14: Financial Calendar
Financial Calendar Preliminary figures 2022 9 February 2023 Quarterly financial statement Q1 2023 25 April 2023 Annual report 2022 16 March 2023 Annual General Meeting 2023 27 April 2023 14
Slide 15: Contact
Contact Niclas Karoff Sarah Verheyen CEO COO/CIO E-Mail: n.karoff@hamborner.de E-Mail: s.verheyen@hamborner.de Hans Richard Schmitz Christoph Heitmann COO/CFO Head of IR & PR E-Mail: h.schmitz@hamborner.de E-Mail: c.heitmann@hamborner.de www.hamborner.de info@ir.hamborner.de +49 (0)203/54405-32 15
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