Deutsche Industrie REIT-AG (DIR)Q1 2018/2019 Financial Results
14 February 2019
Content
▪ 2018/2019 Highlights
▪ Portfolio
▪ Recent Acquisitions
▪ Financing
▪ Financial Results Q1 2018/2019
▪ DIR Shares
▪ Appendix I: Strategy & Business Model, Management
▪ Appendix II: Properties
2
2018/2019 Highlights
Highlights Q1 2018/2019
Key figures
4
Properties
44
Portfolio
Value
314.3 m€
Rental
Space
1.01m sqm
Annualised
Rent
29.6 m€
FFO
2.5 m€
LTV
40.2%
EPRA NAV
5.45 € per
share
Rental
Income
4.4 m€
Proforma
Portfolio YTD*
Key Figures
Q1 2018/2019
Land Bank
1.94m sqm
*based on proforma portfolio as of 14/02/2019 = including notarised properties YTD with transfer of ownership after 31/12/2018
2018/2019
FFO-Guidance
12-14 m€
Portfolio
Portfolio as of 31/12/2018
Acquired properties, with transfer after 31/12/2018
Acquired properties, no transfer yet
PortfolioRegional allocation
4
3
1
7
5
2
8
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10
1314
15
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16
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20
x
x
21
All figures based on proforma portfolio as of 14/02/2019 = including notarised properties with transfer of ownership after 31/12/2018 6
x
22
38
Federal State Properties Rental space Annualised rent % of rent
Northrhine-Westphalia 16 231,812 8,077 TEUR 27.3%
Lower Saxony 5 210,677 5,932 TEUR 20.1%
Bavaria 4 85,550 3,474 TEUR 11.8%
Mecklenburg Western Pomerania 7 148,016 2,944 TEUR 10.0%
Baden-Württemberg 1 46,349 2,559 TEUR 8.7%
Berlin 2 17,443 1,591 TEUR 5.4%
Thuringia 3 49,275 1,459 TEUR 4.9%
Brandenburg 2 37,448 1,112 TEUR 3.8%
Rhineland Palatinate 1 127,517 1,000 TEUR 3.4%
Saarland 1 44,084 948 TEUR 3.2%
Bremen 1 9,903 411 TEUR 1.4%
Saxony-Anhalt 1 1,500 42 TEUR 0.1%
Total 44 1,009,575 29,551 TEUR 100.0%
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39
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42 43
44
6 25 29
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# Location Category Rental space Annualised rent IPR commercial1 WALT2 Occupancy Fair value Yield Transfer
Neubrandenburg Production & logistics 55,907 sqm 745 k€ 1.70 €/sqm 7.2 Years 99% 5,100 k€ 14.6% 01/01/2015
Stralsund Production & logistics 3,235 sqm 36 k€ 2.34 €/sqm 2.3 Years 28% 553 k€ 6.4% 01/07/2016
Güstrow Production & logistics 6,130 sqm 90 k€ 1.22 €/sqm 12.3 Years 100% 690 k€ 13.0% 22/03/2016
Bad Salzdetfurth Industrial park 51,343 sqm 1,559 k€ 3.34 €/sqm 1.9 Years 77% 11,100 k€ 14.0% 01/01/2017
Löhne Logistics 47,518 sqm 1,949 k€ 3.42 €/sqm 3.0 Years 100% 18,200 k€ 10.7% 01/05/2017
Schortens Industrial park 95,378 sqm 3,343 k€ 4.93 €/sqm 4.1 Years 58% 38,100 k€ 8.8% 30/11/2017
Rostock Logistics 39,353 sqm 1,029 k€ 2.43 €/sqm 4.2 Years 91% 9,900 k€ 10.4% 06/10/2017
Bornheim Logistics 9,057 sqm 329 k€ 3.13 €/sqm 2.0 Years 95% 3,900 k€ 8.4% 01/10/2017
Drei Gleichen Logistics 24,004 sqm 600 k€ 2.08 €/sqm 2.5 Years 100% 3,600 k€ 16.7% 07/03/2018
Wuppertal Industrial park 10,010 sqm 558 k€ 4.78 €/sqm 1.8 Years 96% 6,250 k€ 8.9% 01/05/2018
Remscheid Industrial park 26,806 sqm 914 k€ 3.18 €/sqm 1.1 Years 94% 9,300 k€ 9.8% 01/05/2018
Neustadt-Glewe Production & logistics 12,050 sqm 155 k€ 1.83 €/sqm 5.0 Years 63% 2,100 k€ 7.4% 21/02/2018
Dortmund Industrial park 24,831 sqm 718 k€ 3.34 €/sqm 4.4 Years 82% 8,600 k€ 8.4% 01/06/2018
Bochum Industrial park 3,522 sqm 176 k€ 4.38 €/sqm 7.0 Years 100% 2,400 k€ 7.3% 01/06/2018
PortfolioProperties as of 31 December 2018
1 without parking or other units 2 based on contracts with fixed expiration
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PortfolioProperties as of 31 December 2018
1 without parking or other units 2 based on contracts with fixed expiration 3 plus additional income from technical infrastructure of c. 80 k€ p.a. 8
# Location Category Rental space Annualised rent IPR commercial1 WALT2 Occupancy Fair value Yield Transfer
Witten Industrial park 11,139 sqm 345 k€ 3.20 €/sqm 4.1 Years 100% 3,500 k€ 9.9% 01/06/2018
Ronnenberg Production & logistics 30,099 sqm 854 k€ 2.50 €/sqm 3.0 Years 93% 9,700 k€ 8.8% 01/08/2018
Elchingen Production & logistics 7,690 sqm 161 k€ 4.12 €/sqm 10.1 Years 100% 1,950 k€ 8.3% 28/06/2018
Lichtenfels Production & logistics 28,404 sqm 854 k€ 4.35 €/sqm 10.1 Years 100% 9,690 k€ 8.8% 28/06/2018
Meschede Industrial park 6,563 sqm 119 k€ 2.35 €/sqm 1.0 Years 64% 1,900 k€ 6.3% 01/06/2018
Hattingen Industrial park 2,506 sqm 110 k€ 3.64 €/sqm 3.0 Years 100% 1,160 k€ 9.5% 01/08/2018
Meerbusch Logistics 13,380 sqm 660 k€ 4.11 €/sqm 1.0 Years 100% 6,540 k€ 10.1% 01/09/2018
Schleiz Production & logistics 5,929 sqm 228 k€ 3.20 €/sqm 6.7 Years 100% 2,600 k€ 8.8% 04/10/2018
Wildau Logistics 16,498 sqm 967 k€3 5.08 €/sqm 2.4 Years 98% 12,730 k€ 7.6% 01/09/2018
Bremen Production & logistics 9,903 sqm 411 k€ 3.46 €/sqm 5.0 Years 100% 3,670 k€ 11.2% 01/10/2018
Schortens Logistics 29,897 sqm 143 k€ 1.11 €/sqm 2.0 Years 36% 2,000 k€ 7.1% 01/10/2018
Wismar Production & logistics 11,873 sqm 312 k€ 2.19 €/sqm 4.3 Years 100% 3,400 k€ 9.2% 01/10/2018
Simmern Production & logistics 127,517 sqm 1,000 k€ 4.12 €/sqm 8.5 Years 100% 12,500 k€ 8.0% 01/11/2018
Solingen Logistics 25,537 sqm 1,013 k€ 3.41 €/sqm 1.5 Years 97% 10,500 k€ 9.6% 15/12/2018
Schortens Production & logistics 3,960 sqm 34 k€ 2.01 €/sqm 0.0 Years 37% 550 k€ 6.2% 21/12/2018
Total as of 31 December 2018 740,040 sqm 19,413 k€ 3.26 €/sqm 4.1 Years 84% 202,183 k€ 9.6%
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PortfolioAcquired properties
1 without parking or other units2 based on contracts with fixed expiration3 forward deal with lease guarantee, rental income from 11/2020 9
# Location Category Rental space Annualised rent IPR commercial WALT OccupancyPurchase
priceYield Transfer
Fehrbellin Logistics 20,950 sqm 145 k€ 28.00 €/sqm 3.8 Years 100% 1,200 k€ 12.1% 01/02/2019
Schwerin Industrial park 19,467 sqm 578 k€ 2.48 €/sqm 3.0 Years 100% 5,450 k€ 10.6% 01/01/2019
Berlin Production & logistics 8,079 sqm 221 k€ 2.53 €/sqm 4.0 Years 89% 5,128 k€ 4.3% 01/01/2019
Münster Production & logistics 2,889 sqm 132 k€ 3.81 €/sqm 5.0 Years 100% 1,538 k€ 8.6% 01/01/2019
Regensburg Production & logistics 19,189 sqm 667 k€ 2.82 €/sqm 5.0 Years 100% 6,154 k€ 10.8% 01/01/2019
Wolfratshausen Production & logistics 30,267 sqm 1,792 k€ 4.93 €/sqm 5.4 Years 100% 18,154 k€ 9.9% 01/01/2019
Dinslaken Production & logistics 3,596 sqm 0 k€ 0.00 €/sqm 0.0 Years 0% 1,500 k€ 0.0% 01/01/2019
Bad Waldsee Logistics 46,349 sqm 2,559 k€ 4.60 €/sqm 10.0 Years 100% 28,150 k€ 9.1% n/a
Zella-Mehlis Production & logistics 19,342 sqm 632 k€ 2.65 €/sqm 8.3 Years 100% 6,900 k€ 9.2% n/a
Berlin Logistics 9,364 sqm 1,371 k€ 13.23 €/sqm 6.2 Years 92% 16,576 k€ 8.3% n/a
Duisburg Production & logistics 16,221 sqm 500 k€ 2.75 €/sqm 10.1 Years 100% 5,547 k€ 9.0% 01/02/2019
Halberstadt Production & logistics 1,500 sqm 42 k€ 2.33 €/sqm 9.0 Years 100% 399 k€ 10.5% n/a
Remscheid Production & logistics 16,245 sqm 318 k€ 1.63 €/sqm 6.0 Years 100% 1,400 k€ 22.7% n/a
Remscheid Production & logistics 11,993 sqm 234 k€ 1.63 €/sqm 6.0 Years 100% 3,400 k€ 6.9% n/a
Freisen Production & logistics 44,084 sqm 948 k€ 1.79 €/sqm 6.0 Years 100% 10,600 k€ 8.9% n/a
Total - transfer after 31 December 2018 269,535 sqm 10,138 k€ 3.45 €/sqm 7.1 Years 98% 112,097 k€ 9.0%
Proforma portfolio ytd 1,009,575 sqm 29,551 k€ 3.32 €/sqm 5.2 Years 88% 314,280 k€ 9.3%
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44
1,495 k€
5,197 k€
3,155 k€
2,457 k€
1,063 k€
7,935 k€
5,502 k€
2,746 k€
up to 1 year up to 2 years up to 3 years up to 4 years up to 5 years 5 to 10 years >10 years no fixedexpiration
PortfolioSolvent major tenants – adequate WALT
▪ Annualised rents split by remaining lease duration
10
Tenant Sector % of rent
Aenova / Haupt Pharma Pharmaceutical Industry 9.4%
Versandhaus Walz GmbH Online/Mail order seller 8.7%
DST Defence Service Tracks GmbH Defence Industry 5.1%
Otto GmbH & Co. KG Logistics 4.9%
Bundesanstalt für Immobilienaufgaben German Armed Forces / Customs 3.9%
CompAir DLT – ZNL d. Gardner
Denver Dt.Compressed air systems
3.4%
Veenendaal Schaumstoffwerk GmbH Foam processing 2.9%
Zwilling J A Cuttlery 2.9%
Laverana GmbH & Co. KG Natural cosmetics 2.8%
Nordex Energy GmbH Wind power plants 2.7%
Top Ten Tenants 46.7%
Top Twenty Tenants 62.9%
WALT: 5.2 Years
All figures based on proforma portfolio as of 14/02/2019 = including notarised properties with transfer of ownership after 31/12/2018
Storage27%
Production27%
Logistics22%
Office21%
Σ Other3%
Types of use by annualised rent
Storage18%
Production26%
Logistics24%Office
11%
Σ Other21%
Types of use by rental space
PortfolioWell diversified mix of uses and sectors
11All figures based on proforma portfolio as of 14/02/2019 = including notarised properties with transfer of ownership after 30/09/2018
What‘s the type
of the property
1 commercial = without parking or other units
Type Properties Rental space IPR p. sqm1 Vacancy WALT Annualised rent % of rent
Logistics 11 281,908 sqm 3.78 € 9.7% 5.0 10,765 k€ 36.4%
Production & logistics 23 476,103 sqm 2.72 € 4.6% 6.6 10,365 k€ 35.1%
Industrial park 10 251,564 sqm 3.77 € 24.8% 3.3 8,421 k€ 28.5%
Total 44 1,009,575 sqm 3.32 € 12.0% 5.2 29,551 k€ 100.0%
How is the
single unit used
Industrial sector % of rent
Transport / logistics services 10.9%
Pharmaceutical industry 9.5%
Online/Mail order seller 8.8%
Public Authorities 6.6%
Metalworking 5.2%
Defense Industry 5.1%
Industrial/specialist traders, wholesale 5.0%
Plastics Processing 4.8%
Foods 4.7%
Compressed air systems 3.4%
Top Ten 64.0%
What’s the
business of the
tenant
PortfolioValuation potential - share price trades at attractive ~7% yield
12
▪ NAV impact derived from multiple increases (c.p.) leads to upside potential of DIR-shares
▪ Valuation appreciation is expected to be anticipated by capital markets
▪ Compared to competitors DIRs portfolio valuation is conservative at 9.3% yield which implies hidden reserves
Current trading
level of DIR
shares
Annualised total
portfolio rent (mEUR)
Valuation
multiple Yield
Portfolio value
(mEUR)Net LTV
Net debt
outstanding
NAV
(mEUR)
Number of shares
(million)
Hypothetical NAV per
share (EUR)
Current portfolio as of 31.12.2018 19,4 10,7 9,4% 206,6 40% 85,8 122,6 22,50 5,45
Assumptions (pro forma portfolio as of
14/02/2019
29,6 11,5 8,7% 340,4 50% 170,2 170,2 22,50 7,56
29,6 12,0 8,3% 355,2 48% 170,2 185,0 22,50 8,22
29,6 12,5 8,0% 370,0 46% 170,2 199,8 22,50 8,88
29,6 13,0 7,7% 384,8 44% 170,2 214,6 22,50 9,54
29,6 13,5 7,4% 399,6 43% 170,2 229,4 22,50 10,20
29,6 14,0 7,1% 414,4 41% 170,2 244,2 22,50 10,85
29,6 14,5 6,9% 429,2 40% 170,2 259,0 22,50 11,51
29,6 15,0 6,7% 444,0 38% 170,2 273,8 22,50 12,17
29,6 15,5 6,5% 458,8 37% 170,2 288,6 22,50 12,83
29,6 16,0 6,3% 473,6 36% 170,2 303,4 22,50 13,48
29,6 16,5 6,1% 488,4 35% 170,2 318,2 22,50 14,14
29,6 17,0 5,9% 503,2 34% 170,2 333,0 22,50 14,80
29,6 17,5 5,7% 518,0 33% 170,2 347,8 22,50 15,46
29,6 18,0 5,6% 532,8 32% 170,2 362,6 22,50 16,12
29,6 18,5 5,4% 547,6 31% 170,2 377,4 22,50 16,77
29,6 19,0 5,3% 562,4 30% 170,2 392,2 22,50 17,43
29,6 19,5 5,1% 577,2 29% 170,2 407,0 22,50 18,09
29,6 20,0 5,0% 592,0 29% 170,2 421,8 22,50 18,75
Acquisitions
AcquisitionsSigned in Q1 2018/2019 – Berlin, Duisburg, Halberstadt
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Berlin Beusselstraße 44 N-Q
Acquired 19/12/2018
Type Logistics
Rental space 9,364 sqm
Annualised rent 1,371 k€
WALT 6.2 years
Vacancy 7.8%
Purchase price 16,576 k€
Net initial yield 8.3%
Sector(s) Frozen goods logistics
Duisburg Eisenbahnstraße 70
Acquired 19/12/2018
Type Production & logistics
Rental space 16,221 sqm
Annualised rent 500 k€
WALT 10.1 years
Vacancy 0.0%
Purchase price 5,547 k€
Net initial yield 9.0%
Sector(s) Custom-made sunshades
Halberstadt Am Sülzegraben 17
Acquired 19/12/2018
Type Production & logistics
Rental space 1,500 sqm
Annualised rent 42 k€
WALT 9.0 years
Vacancy 0.0%
Purchase price 399 k€
Net initial yield 10.5%
Sector(s) Surface coatings
AcquisitionsSigned in Q2 2018/2019 – Remscheid, Freisen
15
Remscheid Rosentalstraße 22
Acquired 04/02/2019
Type Production & logistics
Rental space 16,245 sqm
Annualised rent 318 k€
WALT 6.0 years
Vacancy 0.0%
Purchase price 1,400 k€
Net initial yield 22.7%
Sector(s) Defense Industry
Remscheid Vieringhausen 118
Acquired 04/02/2019
Type Production & logistics
Rental space 11,993 sqm
Annualised rent 234 k€
WALT 6.0 years
Vacancy 0.0%
Purchase price 3,400 k€
Net initial yield 6.9%
Sector(s) Defense Industry
Freisen Industriegelände
Acquired 04/02/2019
Type Production & logistics
Rental space 44,084 sqm
Annualised rent 948 k€
WALT 6.0 years
Vacancy 0.0%
Purchase price 10,600 k€
Net initial yield 8.9%
Sector(s) Defense Industry
Financing
Financial structureStarting the refinancing process
17
Current
financing
portfolio
# of
encumbered
assets
FV of
encumbered
assets
Nominal
Debt
Ø
Interest
Rate
Interest
fixation
in years
Maturity
in years
Bank loans 7 38.1 m€ 20.4 m€ 2.40% 6.7 15.5
Secured bond 8 99.2 m€ 89.9 m€ 4.00% 4.0 4.0
Total 15 137.4 m€ 110.3 m€ 3.70% 4.5 6.1
Unencumbered
assets29 176.9 m€ Potential financing volume 88-106 m€
3% 2%
7%
7%
81%
SparkasseNeubrandenburg-Demmin
VR Bank eG
Sparkasse Unna/Kamen
Berliner Sparkasse
Secured Bond▪ Contract with Berliner Sparkasse 10/2018 → 7.5 m€
▪ Further negotiations with several banks for the unencumbered
assets
Financial Results
Q1 2018/2019
Financial Results Q1 2018/2019Condensed IFRS balance sheet
k€ 31/12/2018 30/09/2018 k€ 31/12/2018 30/09/2018
Assets Equity and liabilities
Investment properties 206,579.4 168,242.2 Issued share capital 22,500.1 18,000.0
Other non-current assets 7,768.0 12,113.5 Capital reserve 76,033.5 31,976.8
Total non-current assets 214,347.4 180,355.7 Other reserves 50.0 50.0
Other current assets 25,026.3 3,143.2 Retained earnings 24,007.8 21,784.2
Cash position 2,161.2 117.1 Total equity 122,591.4 71,811.0
Total current assets 27,187.6 3,260.3
Bank liabilities 17,900.3 11,042.5
Liabilities from corporate bonds 90,597.8 89,686.2
Other liabilities 1,488.7 1,302.9
Total non-current liabilities 109,986.8 102,031.6
Bank liabilities 1,254.6 870.8
Other financial liabilities 73.7 2,744.4
Other current liabilities 7,628.6 6,158.2
Total current liabilities 8,956.9 9,773.4
Total assets 241,535.0 183,616.0 Total equity and liabilities 241,535.0 183,616.0
Pro forma portfolio of
€ 314 million
including latest
notarised acquisitions
19
Capital increase in 12/2018
from 18.0m to 22.5m shares
at 11.00 per share
New loan nominal 7.5 m€
Includes 13 m€
receivables out of
capital increase paid
in 01/2019
and 8 m€ short term
lending
Financial Results Q1 2018/2019Condensed IFRS income statement
k€ 01/10/2018 - 31/12/2018 01/10/2017 - 31/12/2017
Rental income 4,402.4 1,772.3
Income from operating and ancillary costs 1,106.7
Operating expenses -1,680.9 -649.2
Net rental income 3,828.2 1,123.1
Valuation result 0.0 1,636.8
Other income 262.2 57.2
Personnel expenses -160.2 -29.8
Depreciation of assets -24.6 -0.8
Impairment of receivables -90.9 0.0
Other operating expenses -340.9 -316.6
EBIT 3,473.8 2,469.8
Interest income 8.4 854.5
Interest expenses -1,280.9 -682.6
EBT 2,201.2 2,641.7
Income taxes 0.0 1,407.4
Other taxes 22.4 0.0
Total period income 2,223.6 4,049.1
No valuation in Q1-2018/2019,
Regular valuation only once a year
Income tax gains due to
reimbursement of deferred
taxes after obtaining REIT
status
20
Mainly income from insurance
compansations
Reporting change due to IFRS 15
from FY 2018/2019
Financial Results Q1 2018/2019FFO, NAV and LTV reconciliation
k€01/10/2018 -
31/12/2018
01/10/2017 -
31/12/2017
Total period income 2,223.6 4,049.1
+/- Income taxes 0.0 -1,407.4
+ Depreciation of assets 24.6 0.8
+/- Gain/loss from fair value
measurement of investment
properties
0.0 -1,636.8
Other non-current / non-cash
expenses/income281.4 114.4
FFO 2,529.6 1,120.2
- Capex -1,826.9 0.0
aFFO 702.7 1,120.2
FFO per share (€)1 0.13 0.12
aFFO per share (€)1 0.04 0.12
k€ 31/12/2018 30/09/2018
Total equity 122,591.4 71,811.0
Adjustments 0.0 0.0
EPRA NAV 122,591.4 71,811.0
Number of shares 22,500,072 18,000,056
NAV per share (€)2
5.45 3.99
EPRA NAV:FFO/aFFO:
k€ 31/12/2018 30/09/2018
Total financial liabilities 109,826.4 104,343.9
Cash / Other current assets -10,496.4 -261.8
Receivables out of capital increase3
-13,006.0 0.0
Trust Accounts (Property management)4
-518.5 -
Net debt 85,805.5 104,082.1
Investment properties
incl. advanced payments213,454.6 179,438.3
Net LTV 40.2% 58.0%
LTV:
2 based on 22.5 million current shares
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1 based on 18.9 million average shares for the period
3 paid in January 20194 Inclusion from FY 2018/2019
Financial Results Q1 2018/2019FFO-Guidance for the Fiscal Year 2018/2019
▪ FFO guidance is mainly driven by prospective acquisitions
▪ DIR plans to invest between 150 and 180 mEUR in the FY 2018/2019
▪ Based on current projections DIR expects FFO between 12 and 14 mEUR for the Fiscal Year 2018/2019
▪ FFO run rate between 17 and 19 mEUR by the end of FY 2018/2019
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DIR Shares
Remaining free float*26.0%
Management1.0%
ALPHA 4 S.A., SICAV-SIF*
4.3%
Parson GmbH5.4%
VBL9.8%
TIVEN GmbH2
2.0%
Gert Purkert6.7%
Olive Tree Invest GmbH1
1.5%
Lotus AG7.9%
Obotritia Delta Invest GmbH3.1%
BabelsbergerBeteiligungs GmbH
5.4%
Försterweg Beteiligungs GmbH5.8%
Obotritia Beta Invest GmbH
6.7%
Obotritia Alpha Invest GmbH
6.7%
Obotritia Capital KGaA
7.7%
DIR SharesBasic data & shareholder structure
Shareholder structure:
Basic data
ISIN DE000A2G9LL1
WKN A2G9LL
Ticker Symbol JB7
Number of shares 22,500,072
Nominal capital 22,500,072.00 €
Share class Bearer shares
Stock exchangesBerlin (Regulated Market)
Frankfurt, XETRA (Prime Standard)
Designated Sponsor Oddo Seydler Bank AG
Listing 7 December 2017
24
1 attributable to Lotus AG2 attributable to Gert Purkert
*Free float according to definition of Deutsche Börse: 30.7%
Obotritia Capital
35.4%
Free Float*
64.6%
VWAP9.80 €
ADTV25 k€
k€
20 k€
40 k€
60 k€
80 k€
100 k€
120 k€
140 k€
160 k€
180 k€
200 k€
220 k€
240 k€
260 k€
280 k€
300 k€
320 k€
340 k€
360 k€
380 k€
400 k€
420 k€
440 k€
460 k€
480 k€
5 €
6 €
7 €
8 €
9 €
10 €
11 €
12 €
13 €
14 €
DIR SharesShare performance & coverage
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L
H
Coverage
Bank Date Target price
Baader 17/09/2018 12.00 €
ODDO BHF 11/07/2018 12.20 €
2
Market Cap as of 12/02/2019: ~ 253 m€
1
Event Date Price
52 weeks low 13/02/2018 6,78 €
Capital increase 1.5m shares 23/04/2018 7.75 €
Capital increase 1.5m shares 17/09/2018 10.00 €
Capital increase 4.5m shares 14/12/2018 11.00 €
52 weeks high 05/12/2018 13.41 €
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2
L
H
3
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Financial calendar & IR contactWe keep you informed
IR contact:
René Bergmann (CFO)
August-Bebel-Str. 68
D-14482 Potsdam
E-Mail: [email protected]
Tel: +49 (0) 331 / 740 076 535
Fax: +49 (0) 331 / 740 076 520
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Financial calendar
20/02/2019 ODDO BHF German Conference, Frankfurt am Main
22/03/2019 Annual General Meeting, Berlin
28/03/2019 Commerzbank Real Estate Forum, London
29/04/2019 Capital Markets Day, Dusseldorf
15/05/2019 H1 2018/2019 Financial report
15/08/2019 9M 2018/2019 Quarterly statement
19/12/2019 Annual financial report 2018/2019
Disclaimer
The material in this presentation has been prepared by Deutsche Industrie REIT-AG (Deutsche Industrie) and is general background information about Deutsche Industrie’s
activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation, including
forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities
or other financial products or instruments and does not take into account your particular investment objectives, financial situation or needs. Before acting on any information
you should consider the appropriateness of the information having regard to these matters. Any relevant offer document and in particular, you should seek independent
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or political developments and, in international transactions, currency risk.
This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to Deutsche Industrie’s
businesses and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices. Readers are
cautioned not to place undue reliance on these forward looking statements. Deutsche Industrie does not undertake any obligation to publicly release the result of any revisions
to these forward looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care has been used in
the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty
and contingencies outside Deutsche Industrie’s control. Past performance is not a reliable indication of future performance.
Unless otherwise specified all information are for the financial quarter ended 31 December 2018.
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Appendix I: Strategy
Business Model Management
Strategy & Business ModelCombining cash flow properties with lean admin structure and REIT
▪ Focus on light industrial properties
(business parks, logistic centers, production facilities etc.)
▪ Well established properties with good infrastructural
connections and regional relevancy
▪ Occupying a niche which is situated below the investment
criteria of institutional investors and above the requests of
private investors
▪ Lean company structure and low administrative expenses
▪ Valuation potential due to low purchase prices, vacancy
reduction, extension of rental contracts
▪ Further growth of the portfolio mitigates single-asset risks and
stabilises the whole portfolio leading to more diversity
▪ REIT combines our asset strategy with flat admin structures,
tax exemption on company level and provides attractive
dividends for shareholders
Strong cash flow generating portfolio
Stable and efficient financial structure
Lean company structureAdvantages from REIT
structure
Value creation by active asset management
Attractive and stable dividends
+
+
++
=
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Strategy & Business ModelReal estate investment company focussed on light industrial
▪ DIR owns a huge land bank of 1.66 million sqm.
▪ Light Industrial is the lowest possible type of
development for land
▪ Buildings are usually flat
▪ Land utilisation is only 50%
▪ Construction of taller buildings and increased utilization
would lead to higher density
▪ New construction with upgrade in use for instance office
or residential possible
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Increasing market rents
Shrinking product supply
No significant new
construction due to current low rent level
Restrictive approval
practice for industrial areas
Conversion into more
valuable types of uses
(residential, office etc.)
Growing demand
Strong economic
fundamentals in Germany
Need for more storage and
logistics spaces due to
booming online shopping
Rent development potentialLand development potential
Strong continuous growth with acquistion at high yields around 10%
Increasing land value
Built up a light industrial real estate platform
with multi-dimensional value enhancing potential
where the whole is worth more than the individual parts
Strategy & Business ModelValue add approach
Tenant network
With the expansion of
the portfolio also our
network of potential
tenants grows which
can be advantageous
Tenant
relationship
We want to be a
reliable and long-term
partner and are in
continuous
discussions to
understand tenants
needs with the aim to
generate win-wins
Risk/Chance
analysis before
purchase
We try to get a vision
of the asset, location
and useful future
uses based on
current market
demand
Creativity and
flexibility
We try to think
unconventionally and
to find new concepts
to recover a property
Pro-active asset
management
Our team consists of
experienced and
motivated full-time
asset managers
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ManagementExperienced and committed management team
Rolf Elgeti (CEO)
Rolf is the founder of Deutsche Industrie REIT-AG, which is a spin-off of his investment company Obotritia Capital. Before he was the
CEO of TAG Immobilien AG, Hamburg, which experienced an enormous growth under his leadership and was included into German Mid-
Cap Index (MDAX).
Rolf worked many years as an equity strategist at ABN Amro, Commerzbank and UBS in London. He has excellent banking and real
estate knowledge. Rolf is personally and financially committed to Deutsche Industrie REIT-AG.
Sonja Paffendorf (CIO)
Sonja has been part of Obotritia Capital since 2015. She started as a Head of Project Development and became the Chief Investment
Officer of Obotritia Capital in January 2017. In this position she has been responsible for the strategic growth of the commercial real estate
portfolio. She was appointed CIO of Deutsche Industrie REIT-AG on 18th of October 2017.
Sonja has worked many years in the real estate industry, especially in project development in Germany and Australia. Sonja is personally
and financially committed to Deutsche Industrie REIT-AG.
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René Bergmann (CFO)
René has been working for the Deutsche Industrie REIT-AG since November 2017, as Director Finance he was responsible for the
development of this area. He has been Chief Financial Officer (CFO) since September 1, 2018. His duties include equity and debt
financing as well as accounting / controlling and IR.
René has worked many years in the real estate industry, especially in portfolio management and IR. René is personally committed to
Deutsche Industrie REIT-AG.
Appendix II
Properties
Appendix IIProperties
▪ The current presentation with all our properties can be found here:
▪ https://www.deutsche-industrie-reit.de/en/portfolio/properties/
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