Slide 1: Conference Call 1st half year 2017
Conference Call 1st half year 2017 Dr. Rüdiger Mrotzek Hans Richard Schmitz 8 August 2017
Slide 2: First half year 2017 Highlights
First half year 2017 Highlights Positive operational business development ▪ 19.7 % increase in rents ▪ Vacancy rate 1.5 % (1.7 % excl. rent guarantees) Solid financial structure ▪ REIT equity ratio 61.1 % ▪ LTV 37.7 % Forecast increase for full year 2017 ▪ Rents: + 18 - 20 % ▪ FFO: € 44 - 45 million
Slide 3: Significant key figures for the first half year 2017
Significant key figures for the first half year 2017 Key figures 30 June 2017 30 June 2016 Change Income from rents and leases € 35.8 million € 29.9 million + 19.7 % Operating result € 15.5 million € 13.3 million + 16.7 % Profit for the period € 10.9 million € 8.8 million + 23.2 % Funds from operati
Slide 4: Long-term leases
Long-term leases Leasing contracts expire well distributed Weighted average lease expiry by type (30 June 2017, in years) 8.5 6.4 5.0 4.9 Office Highstreet large-scale retail Total Split of lease contracts expiring by year (30 June 2017) 35% 2% 12% 9% 9% 9% 8% 8% 8% 2017 2018 2019 2020 2021 2022 202
Slide 5: Solid tenants: Top tenants
Solid tenants Top 10 tenants Top 10 tenants (as of 30 June 2017, % of annual rent) Tenant Sector % of annual rent* EDEKA-Group Discount food retail 10.8% Kaufland Group Discount food retail 7.8% real,- Discount food retail 6.3% OBI Retail (DIY) 5.9% Jobcenter Government Agency 3.8% NetCologne Teleco
Slide 6: Development of net rental income
Development of net rental income Income from passed-on Real estate Maintenance incidental costs operating of property to tenants expenses and building +18.4 % Income from Maintenance Real estate passed-on 5,571 T€ of property operating incidental costs -7,715 T€ and building expenses to tenants -1,7
Slide 7: Profit and loss account according to IFRS
Profit and loss account according to IFRS in € thousand H1 2017 H1 2016 Net rental income 31,893 26,934 Administrative expenses -707 -670 Personnel expenses -2,062 -1,925 Depreciations -13,862 -10,919 Other operating income 862 467 Other operating expenses -578 -569 Operating result 15,546 13,318 Re
Slide 8: Funds from Operations
Funds from Operations in € thousand H1 2017 H1 2016 FFO Net rental income 31,893 26,934 in € thousand - Administrative expenses -707 -670 + 28.1 % - Personnel expenses -2,062 -1,925 22,140 + Other operating income 862 467 - Other operating expenses -578 -569 17,288 + Interest Income 54 1 - Interest
Slide 9: Investments 2017
Investments 2017 Cologne „O3“ Hallstadt/Bamberg „market Oberfranken“ Purchase price: € 48.9 million Purchase price(1): € 43.7 million Gross initial yield: 5.7% Gross initial yield: 5.7% Transfer of possession: 2 January 2017 Transfer of possession: 23 March 2017 Berlin-Marzahn „Kaufland“ Ratingen Pu
Slide 10: Divestments 2017
Divestments 2017 Divestments H1 2017 Recent Divestment Duisburg „Kasslerfelder Kreisel“ Minden Selling price: € 9.5 million Selling price: € 4.5 million Fair value as of 31 Dec 2015: € 9.2 million Fair value as of 31 Dec 2016: € 4.5 million Book value as of 31 Dec 2016: € 7.2 million Book value as o
Slide 11: Portfolio Development 2017
Portfolio Development 2017 Portfolio value € 1,317 million Portfolio value € 1,214 million Portfolio value € 1,115 million Transfer of possession Transfer of possession H1 2017 H2 2017 Cologne (€ +50.3m)(1) Ratingen (€ +34.4)(2) Bamberg (€ +42.0m)(1) Hanau (€ +37.5m)(2) Berlin (€ +16.4m)(1) Kiel (€
Slide 12: Net Asset Value (NAV) in accordance with EPRA
Net Asset Value (NAV) in accordance with EPRA Share price 4.6 % below NAV (30 June 2017) Share price / NAV NAV according to EPRA 30 June 2017 30 June 2016 in € million Balance sheet long-term assets 1,024.9 804.9 - 4.6 % + Balance sheet short-term assets 31.6 33.0 - Non-current liabilities and provi
Slide 13: Balance Sheet IFRS
Balance Sheet IFRS ASSETS 30 June 2017 31 Dec 2016 in € million Non-current assets 1,024.9 922.8 Investment Properties 1,015.0 916.2 Other 9.9 6.6 Current assets 31.6 84.0 Trade receivables and other assets 2.5 1.4 Cash and cash equivalents 29.1 75.4 Non-current assets held for sale 0 7.2 Total asse
Slide 14: Stable and predictable cost of debt
Stable and predictable cost of debt Expiration of fixed interest rates (30 June 2017; % of total financial debt) ▪ Financial debt: € 486.3 million ▪ Liquid funds: € 29.1 million 25% ▪ REIT equity ratio: 61.1 % Refinancing/ ▪ LTV: 37.7 % Repayment ▪ Average maturity of fixed settled interest rates: 6
Slide 15: Conclusion first half year 2017 and outlook
Conclusion first half year 2017 and outlook Conclusion/Summary ▪ Successful first half 2017 with positive development of operational business ▪ Vacancy rate: 1.5% ▪ Transfer of possession of three assets in Cologne, Hallstadt/Bamberg and Berlin ▪ Transfer of possession of office building in Ratingen
Slide 16: Financial Calendar
Financial Calendar HAMBORNER REIT AG Financial Calendar Interim Report for 1st half 2017 8 August 2017 Interim Report for 3rd quarter 2017 9 November 2017 Annual Report 2017 21 March 2018 Interim Report for 1st quarter 2018 25 April 2018 AGM 2018 26 April 2018 Many thanks for your attention! Confere
Slide 17: Contact
Contact Dr. Rüdiger Mrotzek – Member of the Board T +49 (0)203 / 54405-55 M r.mrotzek@hamborner.de Hans Richard Schmitz – Member of the Board T +49 (0)203 / 54405-21 M h.schmitz@hamborner.de Christoph Heitmann – Investor Relations T +49 (0)203 / 54405-32 M c.heitmann@hamborner.de Conference Call, H1
Slide 18: Disclaimer
Disclaimer This presentation was exclusively prepared for the addresses specified on the title page and/or the participants at the mentioned event. The information in this presentation is based on both public information and documents as well as information which was made available to HAMBORNER REIT