brosura Immofinanz

7/31/2019 brosura Immofinanz

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FACTS, FIGURES ANDTHE LATEST NEWS FORPRIVATE INVESTORSMarch 2012

DECIDE FOR YOURSELF.


2/8

Dear shareholders,

In spite o te llenging mket envionment, we geneted sound opeting esults in eent monts. Enings

impoved in ll segments nd dministtive expenses (pesonnel osts nd oveeds) ell by 17.7% ye-on-ye

duing the fst thee qutes o 2011/12, even though we integted dditionl oveheds with the tnsition

onsolidtion o te esidentil popety develope adm in romni.

We lso eed numbe o key sttegi gols. On 19/03/2012 IMMOFINaNZ aG not only beme te st

el estte ompny to join te aTX ve Index, but ws lso inluded in te intentionl Emeging Euope Index

o te EPra (FTSE EPra/NarEIT Emeging Euope Index). Wit ened sttegy, we intend to use tis good

stting position to genete inesing enings o ou seoldes.

IMMOFINANZ GrOup As A reAl estAte MAchINe

We e woking hd to tnsom IMMOFINaNZ Goup om el estte mnge into el esttemhine. The gol is to podue stnddised popeties t lely defned, onstntly high qulity level,

ully ent tese popeties toug tive sset mngement nd ten sell tem substntilly ove te ying

mount t yle-optimised time. Ou eots nd esults will be optimised by ute inesing te oopetion

between deptments. Te dieent viewpoints nd ombined know-ow o ou tems fow into e nd evey

pojet om te vey beginning. Tis ompeensive ppo is designed to expnd ou potbility oss te

entie vlue in nd to inese te tunove o ou popety potolio. Te individul yles o tis el estte

mine extend om te pojet nd plnning pse to te onstution, optiml mketing, entl nd sle o

te popety. Te lengt o te timeline will depend on te espetive mket envionment.

prOveN OperAtING FOcus

We intend to ontinue ou optimistion ouse nd the onenttion on

ou sset lsses in eigt oe ounties. results in tese oe ounties

onm ou exellent positioning. Te West Euopen potolio bings

stbility, in te Est Euopen oe ounties ou expeiene elps us

to utilise oppotunities o potble gowt. Ou enings in Polnd

nd russi e ledy bove-vege, nd we e lso poduing

sound esults in difult mkets like romni. This suess is sup-

poted, mong othes, by ou exellent knowledge o the mkets,

deentlised egionl sset mngement nd te ig qulity o oupopeties.

We pln to ontinue ou development tivities, bove ll in

Esten Euope. Espeilly in russi nd Polnd, but lso in

romni nd cze republi, we e peping nd elising

new development pojets. Tey inlude te Jindisk 16,

19t centuy building in te inne ity o Pgue tt we will

ompletely enovte nd expnd.


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INcreAse IN resIdeNtIAl cONstructION IN AustrIA

BUWOG, wolly owned subsidiy o IMMOFINaNZ Goup nd ou ompetene ente o esidentil po-

peties, plns to onstut 500 to 700 ptments nnully ove te oming yes insted o te pevious 200.Te ol point o tis inesed gowt will be pled on eely nned ondominiums nd investment pt-

ments. Sine good lotions e not esy to nd, we will tnse suitble sites to BUWOG, e.g. lnd long te

Beitenute nd altmnnsdoe Stsse.

INcreAsed resIdeNtIAl cONstructION develOpMeNt prOjects IN eAsterN eurOpe

BUWOGs know-ow lso suppots ou business tivities in Esten Euope, wee tee is substntil pent-up

demnd on te ousing mket in mny ounties. On 9/11/2011 IMMOFINaNZ Goup nlised te ull tkeove

o adm holding Publi Ltd., te leding esidentil popety develope in romni. adm etes n idelpltom o te expnsion o ou esidentil onstution tivities in Sout-Esten Euope.

reFINANcING secured

Ou long-stnding mket pesene nd good eputtion mke it possible o us to efnne ou pojets t

eptble onditions, even in difult eonomi envionment. With ZaO rieisenbnk, we onluded

long-tem edit geement o USD 55 million. This fnning will be used o the Fith avenue Shopping

Mll one o ou sopping entes owned by IMMOFINaNZ Goup in Mosow. In ddition, helb nd pbb

Deutshe Pndbiebnk gnted IMMOFINaNZ Goup EUr 210 million lon to efnne the Silesi city

cente in Polnd.

prOGressIve dIvIdeNd pOlIcy

Te poeeds om te sle o popeties will be einvested in new development pojets to ontinue te gowt

ouse nd te gins on tese sles nd te mngement o te stnding investment potolio will suppot

te pogessive dividend poliy o IMMOFINaNZ Goup. Te ompny pid dividend o 10 ents pe se

o te 2010/11 nnil ye. Plns ll o dividend pyment o 15 ents pe se o te uent nnil

ye nd 20 ents pe se o te ollowing ye. Tis distibution will gin be designted s epyment o

pitl in odne wit austin tx lw nd will teeoe be tx-ee o ntul pesons esident in austi,wo old IMMOFINaNZ ses in tei pivte ounts.

Fo te tem o te new IMMOFINaNZ Goup,

ea Zn

cimn o te Exeutive Bod


4/8

HIGHLIGHTS. Q1-Q3 2011/12

julY

Sccss rnancing oh Rssian ogisics aciiy

Shshary gnras nwnds or IMMOFINANZ

Grop21 July 2011

AuGuSt

IMMOFINANZ Grop acqirs 1Ashopping cnr dvopmnsi in h Poish ciy o lin 2 August 2011

Sa o Oc CampsGasomr Phas two in

Vinna compd1 August 2011

jANuARY

IMMOFINANZ Gropssidiary wins dcisivDragon FX awsi26 January 2012

IMMOFINANZ Grop signsong-rm as wih lonardo

Hos in Vinna09 January 2012

DeCeMbeR

Mariimo Shopping Cnrdvopmn procrcivs CIj award or bsNw Shopping CnrDvopmn19 December 2011

ZAO Raifisnank opns a uSD55 miion ong-rm crdi inor IMMOFINANZ Grops FihAvn Shopping Ma in Moscow14 November 2011

IMMOFINANZ Grop ss invs-mn in Andras Qarr dv-

opmn proc in Dssdor12 December 2011

IMMOFINANZ Grop going srongin h rs ha o 2011/12: Grop

rs has mor han dodcompard o h prvios yar

20 December 2011

IMMOFINANZ Grop compsAdama akovr

9 November 2011

Haa and p DschPandriank arrang

euR 210 miion aciiyor IMMOFINANZ Grops

Sisia Ciy Cnr in Poand29 November 2011

NOVeMbeR

juNe

IMMOFINANZ Grop ssnd invsmns or ovr

euR 137 miion8 June 2011

IMMOFINANZ Grop acqirs100% o op oc propryeqaor in Warsaw10 June 2011

IMMOFINANZ Grop acqirs100% o ading rsidniapropry dvopr Adama

16 June 2011

MAY

IMMOFINANZ Grop aks ovr100% o Zagrs op oc

propry Grand Cnar5 May 2011

IMMOFINANZ ss 30% sak oMyPac-SSorag

18 May 2011

IMMOFINANZ aks ovr100% o h GoodZonshopping cnr in Moscow11 May 2011

IMMOFINANZ Grop ss ocand rai propry in Simmring(Vinna)30 May 2011

IMMOFINANZ Gropscrs prim ocpropry Park Posp inWarsaw22 September 2011

IMMOFINANZ Gropopimiss oc and rai

poroio in Asria5 September 2011

OCtObeR

Cornrson crmonyor h Gring Qarir inCoogn Grmanys hirdargs innr ciy qarrdvopmn proc18 October 2011

IMMOFINANZ Grop ooss SisiaCiy Cnrs mark posiion wih

h opning o a nw and y xnsion

12 October 2011

IMMOFINANZ Grop opnsMariimo Shopping Cnr in

Romania27 October 2011

SePteMbeR


5/8

IMMOFINANZ GrOup.

a potble, stble nd isk-optimisedel estte ompny.

WhAt We dOWe genete sustinble inome o ou seoldes wit st-lss pope-

ties. Ou tivities e onentted on pime popeties in ou oe seg-

ments etil, ofe, logistis nd esidentil. The divesiftion o isk is

suppoted by ou potolio in eight oe ounties: pojets in austi nd

Gemny om te bsis o investments in cze republi, Slovki, hungy,

romni, Polnd nd russi.

Where We GeNerAte Our eArNINGs

Ou oe business involves 1 the acquisition nd management of stan-

ding investments, 2 the elistion o development projects nd3 te sale of properties. rougly 80% o ou enings ome om te entl

o pime popeties in top lotions. Te ote 20% ome om te puse

nd sle o popeties s well s the development o ou own el estte

pojets. Togethe these thee soues o enings om the bsis o the

potble, stble nd isk-optimised business o IMMOFINaNZ Goup.

Our FOcAl pOINts FOr the curreNt FINANcIAl yeAr

Following te suessul estutuing o te ompny, we e woking d

to genete inesing pofts o ou sheholdes with eh nd evey

one o ou pojets. Te sle o seleted popeties outside ou ou oe

segments nd the einvestment o these unds in high-qulity popeties

will suppot the ontinuous stengthening o ou potolio. We e eti-

vting development pojets tht wee suspended duing the isis nd

lso stting new ssignments. In the opeting e, ou ous is pled

on te tive mngement o te stnding investments. Ou gols e to

inese oupny levels nd ents in ou popeties nd ute optimise

te ost stutue.

IMMOFINANZ GrOup

is el estte investment

nd development opo-

tion tht is listed on the

Vienn Stok Exhnge.

Sine its ounding in 1990,

the ompny hs om-

piled high-qulity po-

pety potolio tht now

inludes moe thn 1,830investments with -

ying mount o ppox.

EUr 9.81 billion. Ou stn-

ding investment potolio

oves 6.6 million sqm o

entble spe, whih u-

ently hs n oupny

te o ppox. 90%.

OFFICe 30.7%

RetAIl 27.7%

lOGIStICS 9.2%

ReSIDeNtAl 30.2%

OtHeR 2.2%

SeGMeNtSINCOMe SOuRCeS80%

10% 10%

AssetManage-ment

radeDevelop-ment

21 3Distributionofstandinginvestments

asof31/01/2012,

rounded


6/8

IMMOFINANZ GrOup.

Suessul in ou segments.

a well-known investo in ig-

qulity oie buildings o

intentionl opotions.

30.7%SHARe OF StANDINGINVeStMeNt PORtFOlIOas o 31/01/2012

%

bb Cnrm Gamma, Prague, Czech Republic

109 81.3%

2.695 bill. 42.0 mill.*

StANDING INVeStMeNtSas o 31/01/2012

OCCuPANCYas o 31/01/2012

StANDING INVeStMeNtScarrying amount as o31/01/2012

ReNtAl INCOMein Q3 2011/12

RetAIl

a espeted intentionl

shopping ente develope

nd opeto.


%

190 93.3%

2.428 bill. 55.9 mill.*

StANDING INVeStMeNtSas of 31/01/2012

OCCuPANCYas of 31/01/2012

StANDING INVeStMeNtS

carrying amount as of31/01/2012


* Rental income in Q3 2011/12 based on the main use (Rental income reported in the income statement is according to actual use othe property; marginal dierences to the income statement are hence possible)

Pos Cnr, Cluj, Romania

OFFICe


7/8

lOGIStICS

ReSIDeNtAl

rely on the know-how o Deutshe

Lgehus to elise the oppotuni-

ties ineent in te gowing logistis

mket.

Bundled expetise o

esidentil popeties in

Westen nd Esten Euope.



%

%

evocasa Sca, Bucharest, Romania

69

1,259

86.0%

95.3%

810.8 mill.

2.645 bill.

17.7 mill.*

33.7 mill.*





StANDING INVeStMeNtScarrying amount as o31/01/2012

StANDING INVeStMeNtS

carrying amount as o31/01/2012



* Rental income in Q3 2011/12 based on the main use (Rental income reported in the income statement is according to actual use o theproperty; marginal dierences to the income statement are hence possible)

boksrska Disriion Park, Warsaw, Poland


8/8

results on te st tee qutes 2011/12s o 31/01/2012

FACTS, FIGURES AND THE

LATEST NEWS.

Would you like to register or our

shareholders database and receiveregular inormation on our com-

pany via email? Send us an emailor a ax with your contact data or

just give us a call:

IMMOFINANZ AG

Private Investor CommunicationsT +43 (0)5 7111

F +(0)5 7111 8888Wienerbergstrae 11

1100 Vienna

[email protected]

31 jana2012

+/in %

31 jana2011

rentl inome in EUr mill. 437.3 3.4 423.1revenues in EUr mill. 577.1 3.3 558.6

administtive expenses in EUr mill. 101.0 -17.7 122.7

results o opetions in EUr mill. 372.0 19.9 310.3

EBIT in EUr mill. 690.9 101.3 343.3

Net pot o te peiod in EUr mill. 269.4 17.5 229.3

Net pot o te peiod (beoe u-

eny eets) in EUr mill.

252.6 1.3 249.4

cs fow o dividend distibutionin EUr mill.*

222.2 6.3 209.0

tHe IMMOFINANZ SHAReas o 31/01/2012

INVeStMeNt PROPeRtYas o 31/01/2012

5.53NAV (diluted)per share

2.804 bill.MARKet CAPItAlISAtION(share price: EUR 2.459)

8.770 bill.StANDING INVeStMeNtScarrying amount

m

2

6.613 mill.ReNtAble SPACein the standing investments

1.140 bill.NuMbeR OF SHAReSas o 31/01/2012

1,630StANDING INVeStMeNtSnumber o properties

stOcK eXchANGe dAtA

eArNINGs dAtA

Key dAtA ON IMMOFINANZ GrOup.

Te current quarterly report is available at www.immofnanz.com.

* Te s fow om te esult (EUr 289.4 million) minus inteest pid (EUr -113.3 million) plus inteest eeived(EUr 11.2 million) minus s outfow om deivtives (EUr -12.9 million) plus inome om popety sles(EUr 39.4 million) plus inome om te sle o inventoies minus podution osts (EUr 8.4 million).

31 jana2012

+/in %

30 Ai2011

cying mount pe se in EUr 5.31 -3.1 5.48

Net sset vlue pe se

(diluted) in EUr

5.53 3.1 5.36

Se pie t end o peiod in EUr 2.46 -23.4 3.21

Disount o se pie to diluted

NaV pe se in %

55.5 38.3 40.2

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