Property & Asset Management Limited 11/08/2016 Real Estate - PowerPoint PPT Presentation

Real Estate Construction Hospitality Realestate Group Presented by: Property & Asset Management Limited 11/08/2016

Real Estate Construction Hospitality Realestate Group • June 2016 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 17%, now stands at P1,124.0 million (2015: P963.2 million)  RENTAL REVENUE  Up by 5% to P41.7 million (2015: P39.6 million)  PROFIT BEFORE TAX  Up by 42% to P26.3 million (2015: P18.5 million)  EARNINGS PER LINKED UNIT  Up by 50% to 6.14 thebe per linked unit (2015 restated: 4.09 thebe)  1 ST INTERIM DISTRIBUTION  1 st Interim Distribution cash payout up 35%

Real Estate Construction Hospitality Realestate Group  STOCK CK MARKET KET STATISTI TISTICS CS ◦ Share price :  P2.63 up 14% (2015: P2.30) ◦ Linked units in issue:  347,547,222 up 56% (2015: 222,182,055) ◦ Market Capitalization :  914,049,194 up 79% (2015: 511,018,726) ◦ NAV / Linked unit:  Finally trading at a slight premium to NAV P2.58 share price P2.63

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 2012 2013 2014 2015 2016 Investment & Property Portfolio 669,019 766,085 868,829 963,173 1,124,029 Revenue 19,145 30,462 37,978 39,603 41,728 Profit before tax 11,530 13,007 15,568 18,450 26,271

RDC PROPERTIES LIMITED Real Estate 5 years Summary Construction Hospitality Realestate Group 250 200 Investment & Property Portfolio 150 Rental revenue 100 Profit before tax 50 - 2012 2013 2014 2015 2016

Six months Six months ABRIDGED UN-AUDITED GROUP STATEMENT OF Ended 30 June Ended 30 June COMPREHENSIVE INCOME Real Estate 2016 2015 For the six months ended 30 June 2016 P’000 P’000 Construction Hospitality Realestate Group 5% Revenue 41,728 39,603 Operating expenses (12,039) (10,047) Other operating income 1,522 - Loss arising from joint venture (243) (1,234) Net foreign exchange losses (1,245) (859) 8% Profit from operations 29,723 27,463 Net finance costs (3,452) (9,013) 42% Profit before tax 26,271 18,450 Income tax expense - 258 40% Profit for the period from continuing operations 26,271 18,708 Other comprehensive income Exchange differences on translation of foreign operations (387) 1,336 Total comprehensive income for the period 25,884 20,044 Profit for the period attributable to: Owners of the company 21,356 14,224 Non-controlling interest 4,915 4,484 Number of linked units in issue at period end 347,547,222 347,547,222 Earnings per linked unit (thebe) 6.14 4.09 Interim dividend (thebe) 0.065 0.076 Interim debenture interest (thebe) 3.273 3.783 Total distribution (thebe) 3.339 3.859

ABRIDGED UN-AUDITED GROUP STATEMENT Real Estate OF FINANCIAL POSITION Construction Hospitality 2016 2015 Realestate Group Assets P’000 P’000 Property, plant and equipment 8,049 1,274 Intangible asset 1,000 1,000 Investment properties 1,090,293 934,797 Investment in a joint venture 24,687 26,102 Long-term trade and other receivables 8,388 4,460 Current assets 194,193 32,453 Total Assets 1,326,610 1,000,086 Equity and Liabilities Equity attributable to the owners of the company 848,543 551,298 Non-controlling interests 165,119 141,412 Long term borrowings 204,788 209,039 Deferred tax liabilities 66,714 44,961 Current liabilities 41,446 53,376 Total Equity and Liabilities 1,326,610 1,000,086

Real Estate Construction Hospitality Realestate Group • June 2016 Half Year Results – Highlights • Review of Financial Trends • 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 5.09% for the period ended June 2016.  The ongoing projects in addition to the projected regional expansion drive is expected to boost the portfolio across various segments.  50% of the leases will be expiring beyond the year 2020

RDC PROPERTIES LIMITED Real Estate G/West Warehouse Extension Development Construction Hospitality Realestate Group on Plot 22018 (Completed)  Development of 14nos Warehouse units each measuring approximately 231sqm completed.  Premises currently 71% occupation status.  Project was completed well within budget and started renting mid this year.

RDC PROPERTIES LIMITED Real Estate Masa Suites – Hospitality Extension (Completed) Construction Hospitality Realestate Group  30 Units of serviced apartments now completed – Comprising of beautiful 1 bedroom suites and studios  Units leased to Masa Square Hotel with very positive response from the market  All units are fully operational and managed by Masa Square Hotel

RDC PROPERTIES LIMITED Real Estate RDC FLATS Extension – New Development (Ongoing) Construction Hospitality Realestate Group  Project Commenced on 18 th April 2016 and is expected to last 24 Months  It comprises of 45 new Apartments in 3 different Blocks and located in the prime area of Gaborone on Plots 2251/2/9/60 EXT 9.  The scheme comprises of 1 Bedroom apartments ( 20 Nos); 2 Bedroom Apartments (15 Nos) and Lofts (Duplex) - 10 Nos.  All blocks are being constructed simultaneously and Project Estimated at just under P40M.

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

RDC PROPERTIES LIMITED RDC PROPERTIES LIMITED Real Estate RDC FLATS Extension – New Development RDC FLATS Extension – New Development (Ongoing) Construction Hospitality Realestate Group TYPE C – 2 BEDROOM LOFT APARTMENT

RDC PROPERTIES LIMITED Real Estate Construction Hospitality Regional Prospects & Developments – Realestate Group Mozambique  The economic outlook for this country, although tough in the short-term, is very promising in the medium-term with the current oil and gas developments taking place.  We have signed Memoranda of Understanding with partners for retail developments at two sites, one in Xai Xai and the other in Zimpeto, Maputo. Both sites are in excellent locations. Anchor Tenant intention to lease being signed  An Option to Purchase is also being finalised for a retail development in Xiquelene, Maputo.

RDC PROPERTIES LIMITED Real Estate Regional Prospects & Developments – Namibia Construction Hospitality Realestate Group  The outlook is promising with a stable political environment, positive economic prospects with the development of new mines and diversification of the economy.  We have signed a Memorandum of Understanding with partners for our proposed retail developments mostly in the North of the country.  Consultans Appointments being signed.  At this stage 14 Sites have been identified and two pieces of land have been already reserved for development. The preliminary designs, market research and feasibilities are underway for many centers around the country.

RDC PROPERTIES LIMITED Real Estate Regional Prospects & Developments – South Construction Hospitality Realestate Group Africa  The proposed development of the Business Hotel in the CBD of Cape Town has had to be set aside as some issues arose with the subdivision of the property which was a condition precedent.  Other developments are under scrutiny.

RDC PROPERTIES LIMITED Real Estate Marketing Construction Hospitality Realestate Group  For the growth of the Group, it is fundamental to continuously ensure that strategies are in place to keep and sustain the momentum of the company growth.  These strategies include but are not limited to;  reducing vacancies by increasing lettings,  building and maintaining relations with our tenants,  continuous awareness of the Group and  looking for development opportunities to grow the portfolio

RDC PROPERTIES LIMITED Real Estate Corporate Social Responsibility Construction Hospitality Realestate Group  In a bid to achieve our CSR goals, we will continuously drive annual charity campaigns such as support to; Ngwapa Primary School, Sefhare Hospital, celebration activities for Sir Seretse Khama Day (recently) and the annual Masa charity campaign.  For many years we have been supporting Ngwapa Primary School with our annual contributions and awards for the best performing PSLE students.  Donations towards the Sefhare Hospital In-patients Christmas party and this years Sir Seretse Khama Day celebrations in Serowe.  Masa Centre in partnership with Gabz FM have commenced the 3 rd annual “ Food and Clothing for Charity campaign” .  For more information on letting opportunities, please contact us through: pamservices@rdc.bw or masacentre@rdc.bw or call 391 4548/3910290 or fax 3973441

RDC PROPERTIES LIMITED Real Estate Construction Hospitality Ngwapa Primary School Annual Recognition of Best PSLE Students Realestate Group

RDC PROPERTIES LIMITED Real Estate Construction Hospitality Sefhare Hospital In-patients Christmas Party Realestate Group The Annual Masa Centre Carols by Candle Light and Charity Handover Ceremony