Property & Asset Management Limited 15/08/2016 Real Estate - PowerPoint PPT Presentation

Real Estate Construction Hospitality Realestate Group Presented by: Property & Asset Management Limited 15/08/2016

Real Estate Construction Hospitality Realestate Group • Introduction • Our contribution to the Community • June 2017 Half Year Results – Highlights • Review of Financial Trends • Portfolio Analysis & Projects Overview • International Prospects & Developments

RDC PROPERTIES LIMITED Real Estate Corporate Social Responsibility Construction Hospitality Realestate Group  We are still assisting and providing our usual support to Ngwapa Primary School through our annual contributions and awards for the best performing students.  We will still continuously promote group’s CSR initiatives by supporting our host communities through driving charity campaigns to encourage and support the less privileged - Annual Masa charity campaign, and direct support to organizations.  Masa Centre in partnership with Yarona FM have commenced the campaigns for the 4 th annual “ Food and Clothing for Charity campaign” .

Real Estate Construction Hospitality Realestate Group • Introduction • Our contribution to the Community • June 2017 Half Year Results – Highlights • Review of Financial Trends • Portfolio Analysis & Projects Overview • International Prospects & Developments

Real Estate Construction Hospitality Realestate Group  INVESTMENT AND PROPERTY PORTFOLIO  Up by 12%, now stands at P1,260 million (2016: P1,124 million)  RENTAL REVENUE  Up by 5% to P43.9 million (2016: P41,7 million)  PROFIT BEFORE TAX  Up by 8% to P28,3 million (2016: P26.3 million)  EARNINGS PER LINKED UNIT  Up by 11% to 6.83 thebe per linked unit (2016 restated: 6.14 thebe)  1 ST INTERIM DISTRIBUTION  Distribution per linked unit up 7%

Real Estate Construction Hospitality Realestate Group  STOCK CK MARKET KET STATIS TISTI TICS CS ◦ Share price:  P2.75 up 5% (2016: P2.63) ◦ Share price:  P2.75 up 10% (2016: P2.51) ◦ Linked units in issue:  347,547,222 (2016: 347,547,222) ◦ Market Capitalization:  Now stands at P955,754,860 (2016: P914,049,194)

Real Estate Construction Hospitality Realestate Group • Introduction • Our contribution to the Community • June 2017 Half Year Results – Highlights • Review of Financial Trends • Portfolio Analysis & Projects Overview • International Prospects & Developments

RDC PROPERTIES LIMITED Real Estate 5 years Summary Construction Hospitality Realestate Group RDC PROPERTIES SUMMARY FIVE YEARS OVERVIEW (P’000) June June June June June 2013 2014 2015 2016 2017 Investment & Property 1 , 259,820 Portfolio 766,085 868,829 963,173 1,124,029 Revenue 30,462 37,978 39,603 41,728 43,935 Profit before tax 13,007 15,568 18,450 26,271 28,323

Six months Six months ABRIDGED UN-AUDITED GROUP STATEMENT OF Ended 30 June Ended 30 June COMPREHENSIVE INCOME Real Estate 2017 2016 For the six months ended 30 June 2017 P’000 P’000 Construction Hospitality Realestate Group 5% Revenue 43,935 41,728 Operating expenses (13,124) (12,039) Other operating income 560 1,522 Profit/(loss) arising from joint venture 99 (243) Net foreign exchange losses (90) (1,245) 6% Profit from operations 31,380 29,723 Net finance costs (3,057) (3,452) 8% Profit before tax 28,323 26,271 Income tax expense - - 8% Profit for the period from continuing operations 28,323 26,271 Other comprehensive income Fair value losses on available for sale financial assets (442) - Exchange differences on translation of foreign operations (1,202) (387) Total comprehensive income for the period 26,679 25,884 Profit for the period attributable to: Owners of the company 23,745 21,356 Non-controlling interest 4,578 4,915 Number of linked units in issue at period end 347,547,222 347,547,222 11% Earnings per linked unit (thebe) 6.83 6.14 Interim dividend (thebe) 0.070 0.065 Interim debenture interest (thebe) 3.500 3.273 7% Total distribution (thebe) 3.570 3.339

ABRIDGED UN-AUDITED GROUP STATEMENT Real Estate OF FINANCIAL POSITION Construction Hospitality 2017 2016 Realestate Group Assets P’000 P’000 Property, plant and equipment 9,534 8,049 Available for sale investments 16,575 - Intangible asset 1,000 1,000 Investment properties 1,208,212 1,090,293 Investment in a joint venture 24,499 24,687 Long-term trade and other receivables 5,131 8,388 Current assets 191,360 194,193 Total Assets 1,456,311 1,326,610 Equity and Liabilities Equity attributable to the owners of the company 931,072 848,543 Non-controlling interests 179,759 165,119 Long term borrowings 215,269 204,788 Deferred tax liabilities 86,537 66,714 Current liabilities 43,674 41,446 Total Equity and Liabilities 1,456,311 1,326,610

Real Estate Construction Hospitality Realestate Group • Introduction • Our contribution to the Community • June 2017 Half Year Results – Highlights • Review of Financial Trends 4 • Portfolio Analysis & Projects Overview • International Prospects & Developments

RDC PROPERTIES LIMITED Real Estate Construction Hospitality Portfolio Analysis Realestate Group Segmental and Lease Expiry Profile  Vacancy within the group’s portfolio stands at 3.08% for the period ended June 2017.  The ongoing projects and regional expansion drive is expected to contribute to portfolio growth across various segments.  53% of the leases will be expiring beyond the year 2021 RENT INCOME BY SEGMENTS JUNE 2017 RDCP LEASE EXPIRY PROFILE JUNE 2017 Jun 17- May 18 Jun 21 17% Retail onwards Residential 18% 53% Jun 18- May Hospitality 2% 19 42% 17% Office 33% Jun 19- May 20 Jun 20- May 8% Industrial 21 5% 5%

RDC PROPERTIES LIMITED Real Estate ICC FLATS Extension – New Development (Ongoing) Construction Hospitality Realestate Group

RDC PROPERTIES LIMITED Real Estate ICC FLATS Extension – New Development (Ongoing) Construction Hospitality Realestate Group  Project which commenced on 18 th April 2016 is now at 60% completion stage.  This development offers exquisitely designed 45 new Apartments of 1 & 2 Bedroom Apartments and Lofts (Duplex) in the prime area of Gaborone on Plots 2251/2/9/60 EXT 9.  Units will come with fully fitted Kitchens & bathrooms, Secured Access control systems, Central TV, Complete Fire reticulation systems … .and so much more!!!  Project Estimated at just under P40M. And expected to be completed Q2 2018.

Real Estate Construction Hospitality Realestate Group • Introduction • Our contribution to the Community • June 2017 Half Year Results – Highlights • Review of Financial Trends • Portfolio Analysis & Projects Overview 5 • International Prospects & Developments

RDC PROPERTIES LIMITED Real Estate Regional Prospects & Developments – South Africa Construction Hospitality Realestate Group  Proposed acquisition of a controlling stake in a Cape Town based commercial property portfolio.  Portfolio consists of a shopping mall, two mixed-use buildings & a parking lot, all in prime areas in the City of Cape Town.  Shares to be issued to RDC in the portfolio & cash used for further acquisitions in Cape Town/RSA.  Proposed acquisition will result in increasing the Group’s portfolio value, provide an international footprint and increase the Group’s distribution yield.

RDC PROPERTIES LIMITED Real Estate Regional Prospects & Developments – South Africa Construction Hospitality Realestate Group

RDC PROPERTIES LIMITED Real Estate Construction Hospitality Regional Prospects & Developments – Namibia Realestate Group  Office setup is complete.  Project manager identified and joining November 2017 (previous PAM Asset Manager)  3 projects on the ground; 2 being defined.  Tender for 1 st site out this week; 1-2 months lag before starting a further two sites.  Firming up line shops; will sign after anchor tenant signs,  New opportunities are considered as we consolidate our in-country presence.

RDC PROPERTIES LIMITED Real Estate Regional Prospects & Developments – Namibia Construction Hospitality Realestate Group  Development Plans have kicked off for the following malls in Namibia:  RDC MALL – KATIMA MULILO  Proposed to comprise of 14 Nos. Line Shops and 1 Anchor Tenant Shop  Plans submitted to council and awaiting receipt of approval.  Contractors are being shortlisted and tendering to commence in August 2017.  More Project details will be released upon conclusion of tendering process.  RDC MALL – TSUMEB  Proposed to comprise of 28 Nos. Line Shops and 1 Anchor Tenant Shop  Appointment of all consultants concluded.  Final preparation for plans submission to council for approval.  RDC MALL – GROOTFONTEIN  Appointment of all consultants in place.  Topographical survey in progress and designs to commence immediately.

RDC PROPERTIES LIMITED Real Estate Regional Prospects & Developments – Namibia Construction Hospitality Realestate Group  FURTHER IDENTIFIED SITES/LOCATIONS  In Outapi and Eenhana we are still land approval process with the authorities.

RDC PROPERTIES LIMITED Real Estate Regional Prospects & Developments – Namibia Construction Hospitality Realestate Group RDC MALL – TSUMEB RDC MALL – KATIMA MULILO