Deutsche Konsum Real Estate Ag · XETR:DKG

Deutsche Konsum Real Estate — Deutsche Konsum REIT-AG — H1 2016/2017 Earnings Presentation

39 slides from Deutsche Konsum Real Estate's earnings presentation, May 2017

  1. Slide 1: Deutsche Konsum REIT-AG (DKR) Earnings presentation H1 2016/2017

    Deutsche Konsum REIT-AG (DKR) Earnings presentation H1 2016/2017

  2. Slide 2: Contents

    Contents 1. Highlights H1 2016/2017 2. Portfolio and latest acquisitions 3. Financial structure 4. Financials H1 2016/2017 5. DKR shares 6. Finance calendar FY 2016/2017 7. Appendix 2

  3. Slide 3: Highlights H1 2016/2017

    Highlights H1 2016/2017 3

  4. Slide 4: All financial key figures up in H1 2016/2017

    Highlights All financial key figures up in H1 2016/2017 Rental income (kEUR) FFO (kEUR) FFO per share (EUR) 10,000 8,861 5 4,474 0,23 0,22 8,000 4 0,22 6,000 5,073 3 2,542 0,21 4,000 2 0,2 2,000 1 0,2 0,000 0 0,19 H1 2015/2016 H1 2016/2017 H1 2015/2016 H1 2016/2017 H1 2015/2016 H1 2016/2017 aFFO per

  5. Slide 5: Portfolio

    Portfolio 5

  6. Slide 6: Key portfolio figures as at 31/03/2017

    Portfolio Key portfolio figures as at 31/03/2017 Annualized rent (mEUR) Vacancy (%) >> Portfolio snapshot 19 18,4 13,5 18 12,9 ➢ Key figures based on 52 properties balanced as 13,0 at 31/03/2017 17 12,5 16 12,0 12,0 ➢ In H1 net rent margin of about 77% 15 14,4 14 11,5 ➢ One asset with transfer of ti

  7. Slide 7: Recent major acquisitions

    Portfolio Recent major acquisitions Location Guben „Neiße- Location Oer- Location Meißen Location Plauen Location Tangerhütte Center“ Erkenschwick Space (sqm) 12,400 Space (sqm) 9,600 Space (sqm) 24,200 Space (sqm) 24,000 Space (sqm) 2,600 Annualized rent 0.9 Annualized rent 1.3 Annualized rent 1.3

  8. Slide 8: Property map: 62 properties with 330.000 sqm lettable space

    Property map 62 properties with 330.000 sqm lettable space City Greifswald >> Top 7 Assets as at 31/03/2017: Lettable space 13.658 sqm Construction 1997 City Ludwigslust Schleswig- Holstein Annual rent (mEUR) 1.0 Lettable space 14.386 sqm Mecklenburg- Market value (mEUR) 8.6 Pomerania Construction 2

  9. Slide 9: Tenant mix: High quality tenants and 75% non-cyclical uses

    Tenant mix High quality tenants and 75% non-cyclical uses >> Rent contribution by sector (mEUR)1: >> Major annualized rent contribution by tenants: Tenant Corporate affiliation Rents (m EUR) Edeka group Edeka group 3.5 Kaufland / Lidl Schwarz Group 3.5 Other cyclical uses 3,5 Real Metro group 2.6 Fa

  10. Slide 10: Lease contracts

    Leases DKR as reliable partner for long-lasting tenancies >> Multiple leases with the same tenants foster the relationship (No. of >> Distribution of rent maturities of pro forma portfolio as at lease contracts of pro forma portfolio as at 01/07/2017): 1/7/2017: 18 9.000.000,00 16 8.000.000,00 14 7.

  11. Slide 11: Valuation potential: Asset valuation leverages the NAV per share

    Valuation potential Asset valuation leverages the NAV per share >> NAV impact derived from factor increases (c.p.) leads to upside potential: Hypothetical Hypothetical Annualized total Portfolio value Net debt NAV Number of valuation Yield Net LTV NAV per portfolio rent (mEUR) (mEUR) outstanding (mE

  12. Slide 12: Financial structure

    Financial structure 12

  13. Slide 13: Conservative and stable finance structure

    Financial structure Conservative and stable finance structure Financing KPIs 31/03/2017 >> Debt structure of DKR as at 31/03/2017 (mEUR nominal debt): Loan and convertible debt (IFRS), mEUR 85.7 Average nominal interest of loans, % 2.55 Average nominal interest of loans & convertibles, % 3.24 Net-LT

  14. Slide 14: Financials H1 2016/2017

    Financials H1 2016/2017 14

  15. Slide 15: Condensed IFRS balance sheet

    Financials H1 2016/2017 Condensed IFRS balance sheet kEUR 31/03/2017 30/09/2016 kEUR 31/03/2017 30/09/2016 Assets Equity and liabilities Pro forma portfolio of Investment properties 188,398.6 147,822.5 Subscribed capital 24,760.3 18,447.0 around mEUR 240 Capital increase due including all notarized

  16. Slide 16: Condensed IFRS income statement

    Financials H1 2016/2017 Condensed IFRS income statement kEUR 01/10/2016 - 01/10/2015 - 31/03/2017 31/03/2016 Rental income 8,860.5 5,073.3 Operating expenses -2,003.6 -1,300.0 Increases due to a higher stock of properties Net rental income 6,856.9 3,773.2 Income from property disposal 0.0 2.0 Expens

  17. Slide 17: FFO and EPRA NAV reconciliation

    Financials H1 2016/2017 FFO and EPRA NAV reconciliation >> FFO/aFFO: >> EPRA NAV: kEUR 01/10/2016 - kEUR 31/03/2017 31/03/2017 Total period income 5,575.9 +/- Income taxes 0.0 Total equity 122,915.3 + Depreciation of assets 0.4 Conversion of convertibles 0.0 +/- Unrealised gain/loss from fair value

  18. Slide 18: DKR shares

    DKR shares 18

  19. Slide 19: Share price progress reflects potential of DKRs business model

    DKR Shares Share price progress reflects potential of DKRs business model 10/05/2017 ISIN DE000A14KRD3 WKN A14KRD3 Symbol DKG Number of shares 24,760,003 Nominal capital (kEUR) 24,760 Share class Bearer shares Stock exchanges XETRA, Frankfurt, Berlin Segment Prime Standard 52w high/low (EUR) 9.27 /

  20. Slide 20: Increased freefloat after capital increase

    DKR Shares Increased freefloat after capital increase >> Current shareholder structure (10/05/2017) : >> Step into SDAX and EPRA indices intended: Obotritia Capital > DKR aims to step into SDAX and EPRA indices as soon as Group 2,71 possible 8,02 3,92 4,91 Carmignac Gestion 6,29 > Prime standard ado

  21. Slide 21: Events and finance calendar

    Events and finance calendar 21

  22. Slide 22: Events and Finance calendar FY 2016/2017

    Events and Finance calendar FY 2016/2017 We keep you informed >> Events: >> Finance calendar: Date Date n/a n/a 15/08/2017 9M 2016/2017 condensed interim financial statement 23/12/2017 FY 2016/2017 annual financial report 22

  23. Slide 23: Appendix

    Appendix 23

  24. Slide 24: Management

    Management Committed and experienced management team Rolf Elgeti (CEO) Rolf has been the founder of Deutsche Konsum REIT-AG, which is a spin-off of his investment company Obotritia Capital. Before he was the CEO of TAG Immobilien AG, Hamburg. Under his leadership TAG experienced an enormous growth a

  25. Slide 25: Strong external partners

    Appendix Strong external partners >> DKRs external management partners: Elgeti Brothers 25

  26. Slide 26: DKRs current portfolio as at 31/3/2017 (I)

    Appendix DKRs current portfolio as at 31/3/2017 Portfolio Deutsche Konsum REIT-AG (I) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 1 Platz der Befreiung 1 Retail 12.394 10.010 15,0% 5,38 57.036 684.434 16303 Schwedt 2 Brehnaer Straß

  27. Slide 27: DKRs current portfolio as at 31/3/2017 (II)

    Appendix DKRs current portfolio as at 31/3/2017 Portfolio Deutsche Konsum REIT-AG (II) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 6 Rendsburger Straße 16 Retail 7.394 4.500 0,0% 4,14 19.167 230.004 24534 Neumünster 7 Carl-Cossow-S

  28. Slide 28: DKRs current portfolio as at 31/3/2017 (III)

    Appendix DKRs current portfolio as at 31/3/2017 Portfolio Deutsche Konsum REIT-AG (III) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 11 Berghausstraße 7 Retail 14.960 6.227 0,0% 3,97 24.734 296.808 01662 Meißen 12 B95 Retail 15.416

  29. Slide 29: DKRs current portfolio as at 31/3/2017 (IV)

    Appendix DKRs current portfolio as at 31/3/2017 Portfolio Deutsche Konsum REIT-AG (IV) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 16 Hermann-Heidel-Straße 11 Retail 3.222 1.072 27,0% 5,11 4.003 48.030 6132 Halle 17 R.-Luxemburg-St

  30. Slide 30: DKRs current portfolio as at 31/3/2017 (V)

    Appendix DKRs current portfolio as at 31/3/2017 Portfolio Deutsche Konsum REIT-AG (V) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 21 Neuenbrooker Str. 37, Retail 7.406 1.758 0,0% 7,38 12.974 155.688 Krempe 22 Löbauer Str. 45, Retai

  31. Slide 31: DKRs current portfolio as at 31/3/2017 (VI)

    Appendix DKRs current portfolio as at 31/3/2017 Portfolio Deutsche Konsum REIT-AG (VI) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 26 Manteuffelstraße 71, Retail 2.782 1.133 0,0% 5,57 6.316 75.790 Berlin-Tempelhof 27 Habichtstraße

  32. Slide 32: DKRs current portfolio as at 31/3/2017 (VII)

    Appendix DKRs current portfolio as at 31/3/2017 Portfolio Deutsche Konsum REIT-AG (VII) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 31 Pferdemarkt 58 / Markt 2- Retail 2.307 6.252 83,9% 11,21 11.285 135.106 3 / Hageböcker Straße 10

  33. Slide 33: DKRs current portfolio as at 31/3/2017 (VIII)

    Appendix DKRs current portfolio as at 31/3/2017 Portfolio Deutsche Konsum REIT-AG (VIII) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 36 Lange Straße 3, 06184 Retail 5.022 959 0,0% 9,35 8.966 107.597 Gröbers 37 Edderitzer Straße 8,

  34. Slide 34: DKRs current portfolio as at 31/3/2017 (IX)

    Appendix DKRs current portfolio as at 31/3/2017 Portfolio Deutsche Konsum REIT-AG (IV) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 41 Mühlstraße 52, 98547 Retail 3.776 1.027 0,0% 4,30 4.420 53.040 Viernau 42 Bergstraße 12, 98634 Re

  35. Slide 35: DKRs current portfolio as at 31/3/2017 (X)

    Appendix DKRs current portfolio as at 31/3/2017 Portfolio Deutsche Konsum REIT-AG (X) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 46 Holzmarkt 7, 9, 11, 13 Retail 16.162 7.128 3,0% 14,01 96.837 1.162.041 und 15, 27283 Verden 47 Bah

  36. Slide 36: DKRs current portfolio as at 31/3/2017 (XI)

    Appendix DKRs current portfolio as at 31/3/2017 Portfolio Deutsche Konsum REIT-AG (XI) Ground Rental Monthly Annual # Address Use area space Vacancy Rent level rent rent sqm sqm % €/sqm € p.m. € p.a. 51 Haffring 24, 17373 Retail 10.403 4.618 44,0% 4,75 12.297 147.561 Ueckermünde 52 Wilhelm-Külz-Stra

  37. Slide 37: Glossary

    Glossary >> Calculation of financial figures: Financial KPI Calculation Net initial yield Net rental income annualized divided by gross asset value Valuation multiple Gross asset value divided by net rental income WALT Weighed average lease term of the portfolio remaining as at a certain date EPRA N

  38. Slide 38: IR contact

    IR contact Get in touch with us >> IR contact: Christian Hellmuth August-Bebel-Str. 68 14482 Potsdam ch@deutsche-konsum.de + 49 (0331) 740 076 517 38

  39. Slide 39: Disclaimer

    Disclaimer The material in this presentation has been prepared by Deutsche Konsum REIT-AG (Deutsche Konsum) and is general background information about Deutsche Konsum’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be compl

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