Alony Hetz Properties & Investments Ltd. · TASE:ALHE
Alony Hetz Properties & Investments — H1 2012 Earnings Presentation
22 slides from Alony Hetz Properties & Investments's earnings presentation, September 2012
Slide 1: Half Year 2012 Results Presentation
Half Year 2012 Results Presentation Amot – Tel-Aviv
Slide 2: General Notes to the Presentation
2 General Notes to the Presentation This presentation was prepared by Alony Hetz Properties and Investments Ltd. ("the Company"), and is intended solely for investors. It does not constitute an offer to purchase or sell securities of the Company or an invitation to receive bids, as noted, and is int
Slide 3: General Overview
General Overview BROCKTON CAPITAL - LONDON
Slide 4: Business Strategy
4 Business Strategy Alony Hetz focuses on holdings that confer significant influence in leading income-generating real estate companies. - Group companies operate in Western real estate markets, invest in income-generating properties, while maintaining geographic diversity with a wide range of tenants
Slide 5: Key Data – Alony Hetz
5 Key Data – Alony Hetz Major Company holdings as of the end of June 2012 Equity Value of Company's Investment Portfolio as of the end of June 2012 Israel Switzerland Canada UK NIS 5.9B 62.6% 15.4% 11.3% 25% Amot Investments PSP Swiss property First Capital Reality Brockton Fund I Offices, retail, AG
Slide 6: Key Data – Alony Hetz (cont.)
6 Key Data – Alony Hetz (cont.) Equity (NIS in millions) millions) NAV per-share (NIS NIS)) LTV(%) 5,000 40 60 1,026 5% 56.1 4,000 55.4 55.2 956 35 55 1,026 996 33.4 31.0 3,000 30.2 30 50 2,000 27.4 3,049 3,294 3,022 25.3 25.4 25 45 44.2 44.5 1,000 42.8 0 20 40 June December June June December June
Slide 7: Company's Gross Financial Debt as of June 2012
7 Company's Gross Financial Debt as of June 2012 25% 49% 69 Total gross % *debt Total assets Total collateral NIS 2.9B NIS 5.9B NIS 2.9B 5% 1% 1% 7 3 5 non-bank** unpledged securing credit facilities bank Institution Pledged as collateral** securing bank loans 7% 47 6 1, 41 269 25% Excludes unutiliz
Slide 8: Key Data – Alony Hetz
8 Key Data – Alony Hetz -129 88 Development of Net Income (in NIS millions) 600 292 -116 FFO 500 - -103 357 Revaluations and sale of real estate (Amot and PSP) 400 74 Gains related to sale of investments (Brockton and EQY) 182 300 222 -39 214 -74 97 Accrued exchange rate differences and linkage 6 20
Slide 9: Activities in Israel – Amot
Activities in Israel – Amot Amot –Rosh Ha'ayin
Slide 10: Key Data – Amot
10 Key Data – Amot Development in real estate value (in NIS millions) 92 freehold properties that are leased 7% 11 freehold properties designated for development 6,481 6,646 825 thousand square meters for rental space with 98% occupancy 6,184 659 717 538 68% of the total value of investments propert
Slide 11: Key Data – Amot (cont.)
11 Key Data – Amot (cont.) Development of FFO by Year Development of NOI by Year FFO and Dividend per share (in NIS millions) (in NIS millions) (in agorot (NIS 0.01)) FFO per share Dividend per share 455 163% 250 538 142% 434 538 242 206 369 311 144 270 142 214 105 108 107 8% 179 92 56 64 51 55 28 3
Slide 12: Activities in Switzerland
Activities in Switzerland PSP - ZURICH
Slide 13: Key Data – PSP
13 Key Data – PSP Development of Rental Income and FFO (in CHF millions) Equity as of June 2012 – CHF 3.5 billion Leverage rate of 30.7% (interest coverage ratio to NOI – 6.4X) 271 None of the company's properties are pledged Rated A by the Fitch rental income 149 FFO Unutilized credit facility of C
Slide 14: Key Data – PSP (cont.)
14 Key Data – PSP (cont.) Dividend per share (CHF) Development of Share since Issuance 2.8 3.0 2.5 2.7 compared with EPRA Index 2.4 140 120 25.1% 100 (CHF) 80 07 08 09 10 11 60 40 20 Development of Equity per Share (CHF) 0 MAR-NOV MAR-NOV MAR-NOV MAR-NOV MAR-NOV MAR-NOV MAR-NOV MAR-NOV MAR-NOV MAR-N
Slide 15: Activities in Canada – First Capital Realty
Activities in Canada – First Capital Realty FIRST CAPITAL - TORONTO
Slide 16: Activity in Canada – FIRST CAPITAL REALTY
16 Activity in Canada – FIRST CAPITAL REALTY Canada's leading owner, developer & operator of supermarket Developmant of FFO (CAD $ millions) and drugstore – anchored shopping centers 157 161 151 172 properties, 24.3 million sq ft of gross leasable area, 146 occupancy 96% 125 92 273 acres of active a
Slide 17: Activities in UK – Brockton
Activities in UK – Brockton BROCKTON CAPITAL - LONDON
Slide 18: Activities in UK – Brockton
18 Activities in UK – Brockton In 2006, All entered into an agreement with other parties to establish a group of real estate investment funds in the UK called Brockton Capital. Brockton Capital Fund I [25% as a limited partner and 10% as a general partner] Since its establishment, Fund I has investe
Slide 19: Activities in UK – Brockton (cont.)
19 Activities in UK – Brockton (cont.) Investment Strategy of Fund 1 Investment Strategy of Fund 2 £500m St.James’s West End Office- Asset Backed asset managment Operating Business Equity Percent Property Type Allocation £39.33m 7.9% Mixed Use Assets £49.01m 9.9% High-end Residential-led Development
Slide 20: Activity in Energy Segment
Activity in Energy Segment Energix – Caesaria
Slide 21: Activity of Energix
21 Activity of Energix Identity Card Investment in Wind Farm in Poland Commenced operations in September 2009 and was Development of a wind farm with output of 37.5MW i ssued public offering in May 2011 Company's share – 60% Is engaged in Israel in the sale of electricity produced by photovoltaic so
Slide 22: Thank you
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