Slide 1: Company Presentation – Preliminary figures 2024
Company Presentation Preliminary figures 2024 March 2025 Office property Ingolstadt
Slide 2: Agenda
1 HAMBORNER at a glance 2 Portfolio Overview 3 Asset/Property Management 4 Financials 5 Sustainability/ESG 6 Appendix Bürogebäude Ratingen
Slide 3: HAMBORNER at a glance
HAMBORNER at a glance Office property ‚Nu-Office‘ Munich
Slide 4: Company profile
Company profile History Company profile ▪ Public commercial property company 1953 Foundation of HAMBORNER ▪ Profitable and diversified German-wide property portfolio ▪ Two-pillar portfolio structure with focus on food-anchored retail and office Listing on stock exchange properties 1954 ▪ Stable and
Slide 5: The HAMBORNER Share
The HAMBORNER Share The HAMBORNER Share Shareholder structure Current share price €6.30 (as of 31 December 2024) Market capitalisation €512.5m (as of 31 December 2024) 12.2% RAG Foundation WKN/ISIN A3H233 / DE000A3H2333 Ticker symbol HABA 81,343,348 5.7% BlackRock shares Class of shares Registered S
Slide 6: Portfolio Overview
Portfolio Overview Office property Münster
Slide 7: Portfolio Strategy – Target Structure
Portfolio Strategy – Target Structure Retail Portfolio Office Portfolio Manage-to-core properties Manage-to-core properties with 10-20% 10-20% with value-add potential value-add potential Maintaining/extension of core 80-90 % Maintaining/extension of core 80-90% retail portfolio with focus on 80-90%
Slide 8: Portfolio Management Approach
Portfolio Management Approach ▪ Retail Asset classes ▪ Office ▪ Core Risk profile ▪ Manage-to-core ▪ > €10m (retail) Lot size ▪ > €20m (office) ▪ Focus on core investments ▪ Addition of selected manage-to-core properties with larger asset management need (refurbishment, reletting, repositioning etc.
Slide 9: Geographical Portfolio Structure
Geographical Portfolio Structure Geographical Focus (Metropolitan Regions in Germany) Portfolio by Metropolitan Regions (as of 31 Dec 2024; in % of portfolio value) Metropolitan Region Share of portfolio volume 1 Rhine-Ruhr 21.4% 8 2 Frankfurt Rhine-Main 13.1% 10 9 3 Berlin-Brandenburg 9.5% 3 4 Nure
Slide 10: Portfolio development
Portfolio development 2.000 50 Portfolio value and average property value Comments ▪ Continuous value-adding portfolio growth 1,589 1,625 1,604 1,609 since conversion into a G-REIT in 2010 1,517 40 1.500 1,471 1,441 ▪ Average annual growth rate of 10.7% 1,363 over the last 10 years ▪ Average propert
Slide 11: Portfolio development as of 31 December 2024
Portfolio development as of 31 December 2024 Portfolio development full-year 2024 Comments €823.7m €617.2m 57.2% 42.8% ▪ Value development influenced by a property sale (-€5.8m1) and -1.8% decrease of like-for-like portfolio Transactions Retail Portfolio (LfL) Office Portfolio (LfL) value (-€26.5m)
Slide 12: Recent disposals
Recent disposals 2024 2025 Hamburg Lübeck Osnabrück Asset class Office Retail (High-Street) Office Year of acquisition 2001 2016 2008 Leased area ~1,300 m2 ~13,500 m2 ~3.800 m2 Annualized rent ~€0.3m ~€2.3m ~€0.6m Recent fair value ~€5.8m ~€21.0m ~€6.5m Selling price ~€8.0m ~€20.9m ~€6.5m Transfer o
Slide 13: Preliminary portfolio key metrics as of December 2024
Preliminary portfolio key metrics as of 31 December 2024 Asset class Total portfolio Investment approach Retail % Office % Split Core % Manage-to-Core1 % Number of properties 39 27 66 62 94.0% 4 6.0% Fair Value €823.7m 57.2% €617.2m 42.8% €1,441.0m €1,388.4m 96.4% €52.6m 3.7% Leased area 393,246 m²
Slide 14: Rent development
Rent development Development of annualized rents (year-on-year)1 +€1.7m -€0.5m €89.9m -€0.3m €90.8m -0.6% -0.3% +1.9% Annualized rents Indexation Re-lettings/ Sales Annualized rents 31 Dec 2023 Vacancy change 31 Dec 2024 Rent development like-for-like (year-on-year)1 Asset class Total portfolio Inve
Slide 15: Asset/Property Management
Asset/Property Management Retail property ‚Rondo Steinheim‘ Hanau
Slide 16: Tenant base
Tenant base Top-10 tenants (as of 31 December 2024) Sector distribution (as of 31 December 2024) Tenant Sector Rent1 Sector Rent1 EDEKA Group Food retail 13.6% Food 33.8% Kaufland Food retail 7.1% DIY 11.4% REWE Group Food retail / DIY 7.1% IT / Communication 10.3% OBI DIY 6.6% Finance / Insurance 6
Slide 17: Leasing situation
Leasing situation Weighted average lease expiry (as of 31 December 2024) Letting result 2024 49,372 m² 33,166 m² 50% 29% 7.0 years 16,206 m² 5.8 years 71% 50% 4.3 years 91% 9% New lettings Contract extensions Total Retail Office Total Retail Office 30,0% Lease expiry schedule (as of 31 December 2024
Slide 18: Financials
Financials Office property/Medical center Regensburg
Slide 19: Preliminary key figures 2024
Preliminary key figures 2024 Key figures 31 Dec 2024 31 Dec 2023 Change Comments Profit and loss statement ▪1 Change mainly due to rent increases as part of indexation and property additions in 2023 1 Income from rents and leases €93.0m €91.1m +2.0% ▪2 Increase in operating and period result in Oper
Slide 20: Funds from operations (FFO)
Funds from operations (FFO) in k€ 2024 20231 Change Comments 1 Income from rents and leases 92,987 91,121 +2.1% ▪1 Increase mainly due to property additions and Income from passed on costs 12,697 13,440 -5.5% indexation effects ▪2 Higher expenses relate to ongoing maintenance Operating expenses -20,
Slide 21: EPRA NAV & NTA
EPRA NAV & NTA NAV & NTA development 2024 +€51.7m -€39.0m €814.9m -€30.0m -€1.2m €796.4m -€57.0m €739.4m NAV FFO Dividend Like-for-like Other NAV Intangible NTA 31 Dec 2023 Revaluation effects 31 Dec 2024 Assets 31 Dec 2024 NAV/share NAV/share NTA/share -2.3% €10.02 €9.79 €9.79 Financials | 21
Slide 22: Financial situation
Financial situation Expiration of financial liabilites (as of 31 December 2024) 55.2% REIT equity ratio 2025 43.7% LTV 9.8x Net debt / EBITDA1 19.4% 5.4x 15.1% EBITDA / Interest coverage 13.2% 12.4% 11.8% 11.4% 7.3% €681.2m Financial liabilites 2.5% 3.1% 1.8% 1.9% Q1 Q2 Q3 Q4 2026 2027 2028 2029 203
Slide 23: Outlook
Outlook Dividend Guidance 2025 Main influencing factors €0.48 €87.5m - €89.0m ▪ Recent & outstanding property disposals (previous year: €0.48) (previous year: €93.0m) ▪ Timing and volume of potential property Intended dividend proposal Rental income acquisitions ▪ Expected increase in expenses for m
Slide 24: Sustainability / ESG
Sustainability / ESG Office property Neu-Isenburg
Slide 25: ESG organization
ESG organization Supervisory Board Internal Sustainability Management ▪ Advising and monitoring ▪ Sustainability Committee Supervisory Management Board consisting of Management Board of Management Board Management Board members and the ESG Officers Board Sustainability & ESG ESG Committee from indiv
Slide 26: ESG strategy
ESG strategy Strategic development and guidelines Key Action Areas ▪ Integration of sustainability/ESG criteria into overall strategy ▪ Implementation of strategic sustainability programme ▪ Planning and controlling of sustainability activities by internal sustainability Corporate Environmental comm
Slide 27: Decarbonisation strategy | CO2e-balance
Decarbonisation strategy | CO2e-balance CO2e-balance for base year 2021 Share of emission sources in the CO2e-balance in tCO2e 42,130 0.5% 28,747 11.0% 7,109 4,415 4,242 16.7% 2,867 4,484 1,820 71.8% 69 38 10 0 131 8 69 0 199 Direct Energy Services, Energy Mobility Tenant Total energy supply materia
Slide 28: Decarbonisation target and milestones
Decarbonisation strategy | Decarbonisation target and milestones Level Scope Target 2030 Target 2045 -50.0% to 28.2 kgCO2e/m2 Reduction of energy related emissions Portfolio Energy related1 Net Zero Greenhouse gas emissions Total Corporate balance The Net Zero targets are associated with a small a
Slide 29: Decarbonisation pathway
Decarbonisation strategy | Decarbonisation pathway Milestones along CRREM decarbonisation pathway1 70 Scope 1, 2, 3 energy related 60 Scope 3 other 50 CRREM V.2, 2°C (cross-portfolio) kgCO2e/m² 40 30 20 10 - BASE YEAR 56.4 TARGET 28.2 -50% 2021 kgCO2e/m² 2030 kgCO2 e/m² BASE YEAR 62.9 TARGET 1.8 -97
Slide 30: Areas of action and cost indication
Decarbonisation strategy | Areas of action and cost indication Cost indication for property and building maintenance Areas of action to reduce emissions Maintenance expenses1 Ø €2.0m – €4.0m p.a. €0.4m – 0.8m Modernisation of technical building systems €0.5m €1.2m – 1.6m €0.6m Expansion of onsite re
Slide 31: ESG-Ratings
ESG-Ratings Company Rating 2021 2022 2023 2024 Sustainability Best No Award No Award Practice Recommondation DVFA Scorecard 58,43 % (sufficient) 75,73 % (good) pending for Corporate Governance Public Disclosure B B A (93%) pending Corporate Rating 28,23 (D+) 39,45 (C-) 39,44 (C-) 38,17 (C-) QualityS
Slide 32: Appendix
Appendix Retail Lengerich
Slide 33: Top-10 properties (1/2)
Top-10 properties (1/2) Mannheim Munich Berlin Cologne Karlsruhe Asset type Retail Office Office Office Retail Year of 2016 2013 2013 2017 2012 acquisition Purchase price €80.0m €40.2m €33.0m €49.0m €37.0m Fair value1 €74.5m €60.5m €59.4m €55.3m €52.9m Annual rents €4.1m €2.9m €2.9m €3.0m €2.9m WALT
Slide 34: Top-10 properties (2/2)
Top-10 properties (2/2) Hanau Hallstadt Aachen Celle Darmstadt Asset type Retail Retail Office Retail Retail Year of 2017 2017 2020 2015 2018 acquisition Purchase price €37.5m €40.4m €37.4m €35.2m €31.0m Fair value1 €44.3m €38.6m €38.5m €38.3m €33.6m Annual rents €2.3m €2.5m €2.3m €2.1m €2.0m WALT1
Slide 35: Portfolio Rotation
Portfolio Rotation Transactions since strategy update in July 20201 Implementation of adjusted strategy 26 disposals since strategy update in Portfolio as of 30 June 2020 Portfolio as of 31 December 2024 2020 Assets 83 Assets 66 Total sales volume of €230.4 with 4.8% Portfolio Volume €1,631m Portfol
Slide 36: Main requirements for G-REITs
Real Estate Investment Trust (REIT) Main requirements for G-REITs stock exchange > 15% < 10% > 45% > 75% > 75% > 90% listing Free float directly held Equity ratio of assets of earnings payout of profit shares per invested from (German GAAP) shareholder in properties property management Exemption fro
Slide 37: Financial Calendar
Financial Calendar Annual Report 2024 17 April 2025 Annual General Shareholders‘ Meeting 26 June 2025 Quarterly financial statement Q1 2025 8 May 2025 Publication half-yearly financial report 2025 5 August 2025 Appendix | 37
Slide 38: Contact
Contact Niclas Karoff Sarah Verheyen CEO/CFO COO/CIO E-Mail: n.karoff@hamborner.de E-Mail: s.verheyen@hamborner.de Christoph Heitmann HAMBORNER REIT AG Datei:LinkedIn logo initials.png Head of Investor Relations, www.hamborner.de Financing & Corporate Communications info@ir.hamborner.de +49 (0)203/5
Slide 39: 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