Deutsche EuroShop AG · XETR:DEQ

Deutsche EuroShop — H1 2005 Earnings Presentation

12 slides from Deutsche EuroShop's earnings presentation, Aug 10, 2005

  1. Slide 1: Conference Call Interim Report H1 2005

    The Art of Shopping Conference Call Interim Report H1 2005 Hamburg, 10 August 2005

  2. Slide 2: Summary

    2 Summary ƒ Revenue €35.2 million +14% ƒ EBIT €28.4 million +17% currency adjusted €28.6 million +24% ƒ Net finance costs €-13.9 million -14% ƒ Profit for the period €9.0 million +8% currency adjusted €9.2 million +30% ƒ EPS €0.58 +8% +++ The Shopping Center Company +++

  3. Slide 3: Revenue Bridge H1 2004 - H1 2005

    3 Revenue Bridge H1 2004 - H1 2005 € million +0.3 36 =1% Revenue: +14% 35.2 +6.5 comparable: +1% 34 32 30.7 30 28 -2.3 26 H1 2004 Udine Pécs, Increase in H1 2005 Hamburg and rents +++ The Shopping Center Company +++ Wetzlar

  4. Slide 4: EBIT Bridge H1 2004 - H1 2005

    4 EBIT Bridge H1 2004 - H1 2005 € million 30 +5.5 EBIT: +17% =24% currency adjusted: +24% 28.6 28.4 28 -0.2 26 24.3 24 23.1 -1.2 22 20 H1 2004 currency H1 2004 Increase H1 2005 currency H1 2005 impact adj. adj. impact +++ The Shopping Center Company +++

  5. Slide 5: Net Interest Expense Bridge H1 2004 - H1 2005

    5 Net Interest Expense Bridge H1 2004 - H1 2005 interest expenses € million Pécs, Hamburg H1 2004 interest income and Wetzlar H1 2005 Net interest expense: -25% 0 -2 -4 -6 -8 -10 -12 -12.4 -0.1 -14 -16 -3.0 -15.5 +++ The Shopping Center Company +++

  6. Slide 6: Profit Bridge H1 2004 - H1 2005

    6 Profit Bridge H1 2004 - H1 2005 € million +2.1 10 =30% Profit: +8% 9.2 9.0 currency adjusted: +30% 9 8.3 -0.2 8 7.1 7 -1.2 6 5 4 3 2 1 0 H1 2004 currency H1 2004 Increase H1 2005 currency H1 2005 impact adj. adj. impact +++ The Shopping Center Company +++

  7. Slide 7: Balance Sheet 30 June 2005

    7 Balance Sheet 30 June 31 Dec. € thousand 2005 2004 In/decrease Fixed/non-current assets 1,218,423 1,203,251 15,172 Current assets 141,802 166,957 -25,155 Total assets 1,360,225 1,370,208 -9,983 Equity 664,361 684,412 -20,051 Long term debt 623,497 597,662 25,835 Deferred taxes 55,180 51,676 3,504

  8. Slide 8: Profit and Loss Account

    8 Profit and Loss Account 1 Jan.- 1 Jan.- increase/ € thousand 30 June 2005 30 June 2004 decrease Revenue 35,179 30,747 +14% Other operating income 901 1,564 Expenses -7,687 -7,974 Depreciation and amortization -9 -7 EBIT 28,384 24,330 +17% Net interest expense -15,507 -12,369 Income from investment

  9. Slide 9: Forecast 2005: Revenue, EBIT, EBT

    9 Forecast 2005 € in million 75 68-72 57.9 61.4 50 25 H1 Revenue 0 60 53-56 48.6 42.7 40 20 H1 EBIT 0 28-30 28.2 30 24.5 20 10 H1 EBT 0 (currency adjusted; +++ The Shopping Center Company +++ without valution result) 2003 2004 2005

  10. Slide 10: Forecast 2005

    10 Forecast 2005 ƒ 14.09.: Topping-out ceremony in Klagenfurt (already >85% pre-let) ƒ until 30.09.: Announcement of a new investment ƒ 01.10.: Olaf G. Borkers starts as new member of the Executive Board ƒ until 31.12.: Acquisition volume of €100 to 150 million ƒ 31.12.: Net asset value: initial val

  11. Slide 11: Financial Calendar 2005

    11 Financial Calendar 2005 16.08. Roadshow Dusseldorf 08-09.09. EPRA Conference, Paris 23.09. Citigroup Jour Fixe, London 29.09. HVB German Investment Conference, Munich 12.10. Deutsche Börse Spotlights, Paris 26.10. Property Share Initiative, Frankfurt am Main 10.11. Interim Report Q1-3 2005 21-23.

  12. Slide 12: Conference Call Interim Report H1 2005

    The Art of Shopping Conference Call Interim Report H1 2005 Hamburg, 10 August 2005

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