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Mobimo Holding AG — Investor Presentation 2013
Aug 15, 2013
933_ip_2013-08-15_14259e89-5587-44fe-9803-4583d40b778a.pdf
Investor Presentation
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PRESENTATION FIRST HALF OF 2013
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.
AGENDA
- Notes on key financial figures Manuel Itten, CFO
- First Half of 2013 / Outlook Christoph Caviezel, CEO
KEY FINANCIAL FIGURES I
| in CHF m. | 30.06.2013 | 31.12.2012 (restated) |
30.06.2012 (restated) |
|---|---|---|---|
| Profit on sale of trading properties | 5.7 | 21.7 | 8.3 |
| Net rental income |
39.8 | 79.8 | 39.8 |
| Net income from revaluation |
23.6 | 36.9 | 22.7 |
| Profit from sale of invest. properties | 1.9 | -0.1 | - |
| Tax expense | -9.9 | -17.6 | -8.9 |
| Profit | 41.4 | 75.9 | 39.6 |
KEY FINANCIAL FIGURES II
| in CHF | 30.06.2013 | 31.12.2012 (restated) |
30.06.2012 (restated) |
|---|---|---|---|
| EBITDA | 60.2 m. | 118.5 m. | 61.4 m. |
| EBIT | 59.4 m. | 117.2 m. | 60.8 m. |
| Profit | 41.4 m. | 75.9 m. | 39.6 m. |
| Return on equity | 7.1% | 6.7% | 6.8% |
BREAK DOWN OF PROFIT FROM REVALUATION (HY 2013)
SOLID FINANCING
| Target | 30.06.2013 | 31.12.2012 (restated) |
30.06.2012 (restated) |
|
|---|---|---|---|---|
| Equity ratio | > 40% | 46% | 48% | 47% |
| Interest coverage factor |
> 2.0 | 2.9 | 3.0 | 3.0 |
| Net gearing | < 150% | 88% | 80% | 78% |
| Average interest rate | 2.8% | 3.0% | 3.1% | |
| Average residual maturity |
8.2 years | 9.1 years |
9.3 years |
KEY FIGURES FOR PROPERTY PORTFOLIO
| 30.06.2013 | 31.12.2012 | 30.06.2012 | |
|---|---|---|---|
| Gross yield on investment properties |
5.7% | 5.8% | 5.8% |
| Net yield on investment properties |
4.7% | 4.8% | 4.9% |
| Investment property vacancy rate |
4.3% | 3.8% | 4.1% |
AGENDA
- Notes on key financial figures Manuel Itten, CFO
- First Half of 2013 / Outlook Christoph Caviezel, CEO
PROPERTY PORTFOLIO AS AT 30 JUNE 2013
PROJECTS COMPLETED FIRST HALF OF 2013
Horgen, Wisental
- Investment total approx. CHF 47 m.
- 43 condo residential units (39 already sold as at end of July)
PROJECTS STARTS FIRST HALF OF 2013
Lausanne, Petit Mont Riond Regensdorf, Sonnenhof
Zurich, Station 595
- Investment total approx. CHF 180 m.
- 86 condo residential units, 21 studio
- 185 apartments
ACQUISITION FIRST HALF OF 2013
Lausanne, Grand Mont Riond
View of the project «Petit Mont Riond», (89 apartments)
- Market value CHF 19.7 m.
- 48 apartments
- Areal incl. Petit Mont Riond 10'000 m2
PROJECTS COMPLETIONS SECOND HALF OF 2013
Lausanne, La Poste
Zürich, Am Pfingstweidpark (Buildings A, B + C)
- Investment total approx. CHF 330 m.
- 144 condo residential units
- 96 rental residential units
- 13'500 m2 office, commercial
PROJECT PIPELINE
Development and construction of investment properties for own portfolio
Under construction: CHF 440 m. In planning: CHF 670 m. Under construction: CHF 270 m. In planning: CHF 270 m. Development, construction and sale of condominiums 2013 2014 2015 2016 2012 2013 2014 2015 2012 2013 2014 2015 2013 2014 2015 2016
OUTLOOK: FOCAL POINTS OF OPERATIONS IN 2013
- Completion of major rental and condominium projects
- Profit before revaluation in the 2nd Half of 2013 significantly higher than the previous year
- Further developments in project pipeline
CONTACT DETAILS
Christoph Caviezel, CEO Tel. 044 397 11 56 [email protected]
Manuel Itten, CFO Tel. 044 397 11 44 [email protected]
Edwin van der Geest Media and IR [email protected]
PROJECT PIPELINE – INVESTMENT PROPERTIES UNDER CONSTRUCTION (APPROX. CHF 440 M.)
Dates: start to end of construction
Presentation Half-Year 2013
19
PROJECT PIPELINE – CONDO PROPERTIES UNDER CONSTRUCTION (APPROX. CHF 270 M.)
Dates: start to end of construction
PROJECT PIPELINE – INVESTMENT PROPERTIES IN PLANNING (APPROX. CHF 670 M.)
| 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|
| Aarau, Torfeld site 2* | approx. 120 apartments, offices, commercial | |||
| Kriens, Mattenhof site* | Business city | |||
| Lausanne, Côtes-de-Montbenon* 1) | Commercial, residential | |||
| Lausanne, Rue de Genève 19/21* | Commercial, offices, residential | |||
| Lausanne, Avenue d'Ouchy 4-6 * | La Poste, urban development | |||
| Lausanne, Rue de la Vigie 3* 1) | Commercial | |||
| Zurich, Labitzke site* | approx. 200 apartments, commercial | |||
| Zurich, Letzigraben* 1) | Residential | |||
| Dates: start to end of construction |
* Building land with interim use and rental income
1) Development from portfolio
PROJECT PIPELINE – CONDO PROPERTIES IN PLANNING (APPROX. CHF 270 M.)
| 2013 | 2014 | 2015 | 2016 | |||
|---|---|---|---|---|---|---|
| Aarau, Torfeld site 4 | 12 town houses + 78 condominiums | |||||
| Herrliberg, Rigiweg | Sale of plots | |||||
| Lucerne, Buttenenhalde | 24 condominiums | |||||
| Meilen, Feldguetli | 14 condominiums | |||||
| Merlischachen, Rebmatt | 30 condominiums | |||||
| Uitikon, Tramstrasse | 16 condominiums | |||||
| Weggis, Wurth Werft | Sale of plots | |||||
| Zurich, Labitzke site | 50 condominiums |
Dates: start to end of construction