PRESENTATION FIRST HALF OF 2014
DISCLAIMER
The financial data as well as the other information presented herein constitute selected information.
The information in this presentation does not constitute an offer or invitation and may not be construed as a recommendation by us to purchase, hold or sell shares of Mobimo Holding AG. This information or any copy thereof may not be sent or taken to or distributed in any jurisdiction in which such transmission or distribution is unlawful. This document may contain certain 'forward-looking' statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Actual outcomes and results may differ materially from any outcomes or results expressed or implied by such forward-looking statements.
HIGHLIGHTS
- Considerable increase in rental income
- Growth of investment portfolio by 22%
- Opening of two new investment properties: Lausanne, Pépinières and Affoltern am Albis, Obstgartenstrasse
- Acquisition of Friesenberg building
- Sale of residential properties Horgen, Wiesental; Zurich, City West A and B; Adliswil, Wilacker fully completed
AGENDA
- Notes on key financial figures Manuel Itten, CFO
- Business performance HY 2014/ Outlook Christoph Caviezel, CEO
KEY FINANCIAL FIGURES SUMMARY OF KEY FINANCIAL FIGURES I
| in CHF m. |
30.06.2014 |
31.12.2013 |
30.06.2013 |
Net rental
income |
42.4 |
78.9 |
39.8 |
Profit on sale of trading properties
and services |
-0.3 |
31.6 |
5.7 |
| Net income from revaluation |
7.2 |
25.2 |
23.6 |
| Profit on sale of invest. properties |
2.3 |
7.1 |
1.9 |
| Tax expense |
-3.5 |
-16.7 |
-9.9 |
KEY FINANCIAL FIGURES SUMMARY OF KEY FINANCIAL FIGURES II
| in CHF |
30.06.2014 |
31.12.2013 |
30.06.2013 |
| EBITDA |
39.6 m. |
120.9 m. |
60.2 m. |
| EBIT |
38.8 m. |
119.4 m. |
59.4 m. |
| Profit |
20.1 m. |
81.6 m. |
41.4 m. |
| Return on equity |
3.3% |
7.1% |
7.1% |
KEY FINANCIAL FIGURES BREAK DOWN OF NET INCOME FROM REVALUATION
KEY FINANCIAL FIGURES FINANCING
|
Target |
30.06.2014 |
31.12.2013 |
30.06.2013 |
| Equity ratio |
> 40 % |
44% |
46% |
46% |
| Interest coverage factor |
> 2,0 |
2.2 |
3.6 |
2.9 |
| Net gearing |
< 150 % |
99% |
84% |
88% |
| Average interest rate1) |
|
2.6% |
2.7 % |
2.8% |
| Average residual maturity |
|
8.1 years |
7.7
years |
8.2 years |
KEY FINANCIAL FIGURES KEY FIGURES OF PROPERTY PORTFOLIO
|
30.06.2014 |
31.12.2013 |
30.06.2013 |
Gross
yield on investment properties |
5.6% |
5.7% |
5.7% |
| Net yield on investment properties |
4.5% |
4.6% |
4.7% |
| Investment property vacancy rate |
5.8% 1) |
3.9% |
4.3% |
AGENDA
- Notes on key financial figures Manuel Itten, CFO
- Business performance HY 2014/ Outlook Christoph Caviezel, CEO
BUSINESS PERFORMANCE OVERALL PORTFOLIO
BUSINESS PERFORMANCE DEVELOPMENT OF RENTAL INCOME BY TYPE OF USE
- Wohnen Residential
- Büro Office
- Hotel/Gastro Hotel/ catering
- Detailhandel Retail
- Gewerbe Commercial
- Übrige Nutzungen Other use
BUSINESS PERFORMANCE PURCHASES IN FIRST HALF OF 2014
Zurich, Treichler-/ Dolderstrasse
- 2,878 m2 rentable area
- 4 rental residential units Office units, storage rooms 52 parking spaces
- Market value CHF 15.2 m.
- 100% let
Zurich, Friesenbergstrasse/ Im Tiergarten
- 21,079 m2 rentable area
- Office building Cafeteria/ staff restaurant 403 parking spaces
- Market value CHF 91.7 m.
- 100% let
BUSINESS PERFORMANCE BUILDINGS COMPLETED IN FIRST HALF OF 2014
Affoltern a. Albis, Obstgarten
- 10'625 m2 rentable area
- Retirement home/ 48 apartments
- 100% let
- Start June 2012
- Completion June 2014
- CHF 58.7 m. investment
- CHF 3.4 m. rental income p.a.
Lausanne, Pépinières
- 7'618 m2 rentable area
- Commercial
- 100% let
- Start April 2012
- Completion May 2014
- CHF 39.3 m. investment
- CHF 2.2 m. rental income p.a.
BUSINESS PERFORMANCE BUILDINGS COMPLETED IN SECOND HALF OF 2014
Zurich, Badenerstrasse Zurich, im Brächli
BUSINESS PERFORMANCE BUILDINGS STARTED IN FIRST HALF OF 2014
Zurich, Letzigraben
- 6,860 m2 rentable area
- 72 rental residential units
- Marketing launch Q1 2015
- Completion Q1 2016
- CHF 46 m. investment
- CHF 2.5 m. rental income p.a.
Lucerne, Büttenenhalde
- 3,032 m2 gross living area
- 24 condos & 3 studios
- 7 purchase commitment
- Completion Q1 2016
- CHF 27 m. investment
BUSINESS PERFORMANCE PLANNED BUILDING STARTS IN SECOND HALF 2014
- 10,823 m2 gross living area
- 92 condos
- Completion Q4 2016
- CHF 74 m. investment
Aarau, Torfeld 4 Zurich, Hohlstrasse/ Albulastrasse
- Investment prop.: 15'344 m2 rentable area Condos: 6,092 m2gross living area
- Residential, office, commercial
- Completion Q1 2017
- CHF 164 m. investment
BUSINESS PERFORMANCE INVESTMENTS FOR THIRD PARTIES
Dübendorf, Sonnentalstrasse 10 Langenthal, Headquarter 3M
- 240 rental residential units
- 600m2 commercial/ retail
- Development: 2014 2016
-
Investor: Mobiliar
-
Office building
- 350 workplaces
- Development: 2014 2015
- Tenant: 3M
BUSINESS PERFORMANCE PIPELINE
Development and construction of investment properties for own portfolio
BUSINESS PERFORMANCE DEVELOPMENT OF NET RENTAL INCOME
Half-Year 2014 20
OUTLOOK
- Completion of several building projects supports continuous growth of rental income
- Significant profit contribution in second half of 2014 from trading properties and development for third parties
- Focusing on quality and centrally located sites show positive effect
- Continuous pursuit of attractive dividend distribution
OUTLOOK MOBIMO: FIT FOR THE FUTURE
- High-value portfolio of very well-located properties. Well-diversified. Low vacancy rate. • Stable income
- Growth and rising income Attractive investment pipeline at top locations
• Security High equity ratio and long-term financing
• Expertise A capable and committed Mobimo team
• Yield
Share with an attractive yield
ANNEX INVESTMENT PROPERTIES UNDER CONSTRUCTION (CHF 210 M.)
dates: start to end of construction
ANNEX CONDO PROPERTIES UNDER CONSTRUCTION (CHF 150 MIO.)
dates: start to end of construction
ANNEX INVESTMENT PROPERTIES IN PLANNING (CHF 710 MIO.)
ANNEX CONDO PROPERTIES IN PLANNING (CHF 260 MIO.)
dates: start to end of construction
CONTACT DETAILS
Christoph Caviezel, CEO Tel. +41 (0)44 397 11 56 [email protected]
Manuel Itten, CFO Tel. +41 (0)44 397 11 44 [email protected]
[email protected]