Irish Residential Properties Reit Plc · EURONEXT:IRES
Irish Residential Properties Reit — FY2018 Earnings Presentation
18 slides from Irish Residential Properties Reit's earnings presentation, 2019
Slide 1: Building Communities Creating Value – 2018 Results Conference Call
BUILDING COMMUNITIES CREATING VALUE Irish Residential Properties REIT plc 2018 Results Conference Call
Slide 2: Disclaimer – Cautionary Statements
DISCLAIMER Cautionary Statements This presentation has been prepared by Irish Residential Properties REIT PLC (the “Company” or “I-RES”) for information purposes only. This presentation has been prepared in good faith but the information contained in it has not been independently verified and does n
Slide 3: Highlights, Financial Results, Acquisitions and Developments, Positive Outlook
Irish Residential Properties REIT plc Highlights Financial Results Acquisitions and Developments Positive Outlook 3
Slide 4: 2018 Highlights – Strong Operating Performance
2018 Highlights –Strong Operating Performance Irish Residential Properties REIT plc Revenue from Occupancy Net Rental Income Average Monthly Rent Investment Properties % (€ millions) (€) (€ millions) +5.4% 55 100.0 47.0 1,600 +13.2% +13.5% 1,599 50 99.8 99.8 42.0 1,550 50.6 98.7 45 95.0 37.0 41.2 40
Slide 5: 2018 Highlights – Growing Values & Returns for Shareholders
Irish Residential Properties REIT plc 2018 Highlights – Growing Values & Returns for Shareholders EPRA NAV EPRA Earnings per Share Dividends per Share Portfolio Valuation (€ millions) (€ cents) (€ cents) (€ millions) +8.3% +7.7% +22.7% 7.0 6 1000 700 +22.9% 600 6.0 6.5 5 5.6 921.3 6.0 5.2 800 619.6
Slide 6: 2018 Financial Results
2018 FINANCIAL RESULTS Grand Central – Sandyford, Dublin 18 6
Slide 7: Strong Operating Performance
Strong Operating Performance 31 31 % Increase/ For the Year Ended December December Decrease 2018 2017 Revenue from Investment 50,608 44,693 13.2% Properties(€,000) Net Rental Income (€,000) 41,158 36,271 13.5% Profit (€,000) 119,785 65,079 84.0% Basic Earnings Per Share (cents) 28.0 15.6 79.5% EPRA
Slide 8: Strong Financial Position
Irish Residential Properties REIT plc Strong Financial Position As At 31 December 2018 31 December 2017 Total Property Value € 921.3m € 750.9m Net Assets € 618.7m €504.0m EPRA Net Assets € 619.6m €504.2m Basic NAV per share (cents per share) 142.5 120.8 EPRA NAV per share (cents per share) 142.0 118
Slide 9: Investment Properties Portfolio Valuation as at 31 December 2018
Irish Residential Properties REIT plc Investment Properties Portfolio Valuation as at 31 December 2018 Value (€ millions) as at Property Location Location Age # apartments owned % Change from 2017 31-Dec-18 30-Jun-18 31-Dec-17 City Centre 1 Kings Court Smithfield 12.5 83 € 23.7 € 21.8 € 21.3 11.3% 2
Slide 10: Acquisitions and Developments 2018
Acquisitions and Developments 2018 10
Slide 11: Strategies For Growth
Irish Residential Properties REIT plc Strategies For Growth Acquisition of Completed Development Development of Existing Assets Partnerships I-RES Properties • Continued evaluation of new acquisition Forward purchase agreements with • Opportunity to add approximately opportunities in attractive urba
Slide 12: Acquisitions and Development Partnerships 2018 – Hansfield Wood
Irish Residential Properties REIT plc Acquisitions and Development Partnerships 2018 Hansfield Wood , Dublin 15 I-RES made its first acquisition in partnership with a local builder at Hansfield Wood, Dublin 15. • Development of 99 residential units for total consideration of €30 million (including V
Slide 13: Acquisitions and Development Partnerships 2018 – Hampton Wood, Merrion Road
Irish Residential Properties REIT plc Acquisitions and Development Partnerships 2018 HamptonWood, Dublin 11 • Acquisition completed on 21 May 2018, fully leased up by July 2018 • A new block of 128 apartments, with 128 car parking spaces • Based on passing rents as at 31 December 2018, gross yield i
Slide 14: Development of Existing I-RES Properties
Development of Existing I-RES Properties Irish Residential Properties REIT plc I-RES Development Sites # Units at Name Status Completion • Submitted planning applications for Tallaght Cross West 18 Planning permission granted 628(1)apartments at currently-owned I-RES properties, of which planning pe
Slide 15: Positive Outlook
Irish Residential Properties REIT plc Positive Outlook Sustainable Growing Asset Values, Earnings & Dividends Developments and Accretive Acquisitions • Opportunity to increase portfolio units by c. 30% from current owned sites, subject to successful planning permission and forward purchase contracts
Slide 16: Portfolio Details
IRISH RESIDENTIAL PROPERTIES REIT plc Portfolio Details 16
Slide 17: High Quality Portfolio
Irish Residential Properties REIT plc HighQuality Portfolio Value as at Commercial space owned Average mthly rent per Property Year Built # apartments owned(1) Occupancy (1) (2) Location 31 December 2018(1) (sqm)(1) apt.(1) (2) City Centre 1 Kings Court Smithfield 2006 83 € 23.7m 566 € 1,464 100.00%
Slide 18: Superior Dublin Locations
Superior Dublin Locations 15 20 DUBLIN CITY CENTRE SECONDARY SUBURBS 01 KINGS COURT 13 PRIORSGATE Sandyford D7 (83 Units) Tallaght D24 (103 Units) 19 02 THE MARKER 18 14 THE LAURELS Docklands D2 (84 Units) Tallaght D24 (19 units) 03 BAKERS YARD 15 CHARLESTOWN Portland Street North D1 (85 Units) Fing
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