Acquisition of two Shoppingcenters: Hamm

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Sten Andreasson
för 5 år sedan
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1 Annual General Meeting June 18, 2003

2 Jürgen Wundrack 1

3 Location Hamburg 2

4 Highlights Acquisition of two shoppingcenters in Germany (Hamm) and Hungary (Pècs) Opening of City-Point Kassel, Altmarkt-Galerie Dresden and Rhein-Neckar Zentrum Viernheim according to schedule Operating result up by 37 % Implementation of Corporate Governance 2003: Admission to the Prime Standard and nomination for SDAX Performance in 2002 about +8 % in comparision to the DAX with -44 % 3

5 Acquisition of two Shoppingcenters: Hamm Investment Investment 87.7% 87.7% Lettable Lettable space space sqm sqm 34,8 34,8 Parkings Parkings 1,300 1,300 No. No. of of shops shops approx. approx Occupancy Occupancy rate rate 100% 100% Catchment Catchment area area 1 1 mio. mio. inhabitants inhabitants Year Year openend openend

Acquisition of two Shoppingcenters: Pècs Investment

6 Acquisition of two Shoppingcenters: Pècs Investment Investment 50.0% 50.0% Lettable Lettable space space sqm sqm 34,200 34,200 Parkings Parkings No. No. of of shops shops approx. approx Occupancy Occupancy rate rate 78% 78% Catchment Catchment area area Mio Mio inhabitants inhabitants Planned Planned opening opening Spring Spring

Scheduled Opening: : City-Point Kassel Investment

7 Scheduled Opening: : City-Point Kassel Investment Investment 40.0% 40.0% Lettable Lettable space space sqm sqm 29,400 29,400 Parkings Parkings No. No. of of shops shops approx. approx Occupancy Occupancy rate rate 100% 100% Catchment Catchment area area 0,8 0,8 Mio Mio inhabitants inhabitants Opening Opening Feb. Feb

8 Scheduled Opening: : Altmarkt-Galerie Dresden Investment Investment 50.0% 50.0% Lettable Lettable space space sqm sqm 43,800 43,800 Parkings Parkings No. No. of of shops shops approx. approx Occupancy Occupancy rate rate 94% 94% Catchment Catchment area area 1 1 mio. mio. inhabitants inhabitants Opening Opening Sept. Sept

9 Scheduled Opening: : Rhein-Neckar Zentrum Viernheim Investment Investment 92.8% 92.8% Lettable Lettable space space sqm sqm 64,000 64,000 Parkings Parkings 3,500 3,500 No. No. of of shops shops approx. approx Occupancy Occupancy rate rate 100% 100% Catchment Catchment area area mio. mio. inhabitants inhabitants Opening Opening Nov. Nov

10 Income Statement of the AG in in million Change* Income from investments % Interest income % Result from ordinary activities % Net profit for for the year % Balance sheet profit The The result result from from ordinary ordinary activities of of the the AG AG is is the the earned earned and and distributable liquidity liquidity (free (free cash cash flow) flow) 9

11 Income Statement of the Group in in Million Change Sales ,5 105% Income from investments % Amortisation % Other operating expenses % net net interest % Result from ordinary activities % Net Net loss for for the the year % 10

12 Investment Volume Wuppertal 10% Kassel 5% Etrembières Tuscia 3% Friuli 3% 6% Pécs 4% International 16% Wolfsburg 12% Hamm 10% Main-Taunus- Zentrum 11% Domestic 84% Dresden 10% Rhein-Neckar- Zentrum 26% The proportionate total investment volume amounts to 1.0 billion 11

13 Balance sheet of the Group in in million YoY Total assets , % Fixed assets % Current assets % Equity % Provisions % Liabilities % 12

14 Liabilities to Banks Shopping Etrembiéres Rhein-Neckar-Zentrum Allee-Center Hamm

15 Forecast 2003 AG in in million e 2003e Income from from investments Interest income Result from from ordinary activities 27.6 Net Net income for for the the year year Balance sheet sheet profit profit Group in in million e Rents Rents EBITDA Net Net profit profit // loss loss e = estimate 14

16 Continuity of Dividend Dividend in 2,00 Share price in 34,00 1,90 33,00 1,80 32,00 1,70 1,60 31,00 1, Dividend Annual Accounts * 30,00 * = Share price on June, 16, 2003 Dividend expected 15

17 Corporate Governance 16

Prime Standard, SDAX and Free Float DES - Stock market volume 2003 compared with the previous year 140.000 4.500 shareholders, thereof 60 institutional investors Free Float 56% 10 days to 13.

18 Prime Standard, SDAX and Free Float DES - Stock market volume 2003 compared with the previous year shareholders, thereof 60 institutional investors Free Float 56% 10 days to DB Industrial Holdings AG 23% Otto family 21% volume 2003 volume previous year SDAX 0 Jan 03 Feb 03 Mrz 03 Apr 03 Mai 03 Jun 03 date: Juni

19 Share price Share price development Deutsche EuroShop AG vs. Dax January 2002 to May 2003 indexed (basis 100) 120 8% performance per year 2002 incl. Dividend Deutsche EuroShop AG DAX 40 Dec-01 Jan-02 Mar-02 Mar-02 Apr-02 May-02 Jun-02 Jul-02 Aug-02 Sep-02 Oct-02 Nov-02 Dec-02 Jan-03 Feb-03 Mar-03 Apr-03 May-03 Jun-03 18

20 Thank you for your attention! 19

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