V&A Waterfront Presentation Welcome Growthpoint Investors September 28, 2016
Business update Alex Kabalin, Retail Executive
Retail Highlights • More than R6 billion in Sales • In excess of 25 million visitors • Best Trading Density compared to other super regionals in country • Enterprise development growth with great results at Watershed • Sustained retail sales Growth
The new kid on the block…
Footfall growing again – Now in excess of 25 Million visitors Vehicle numbers ever increasing now over 5 million FOOTFALL 3250 000 2750 000 2250 000 1750 000 1250 000 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 2015 2016 PARKING 650 000 600 000 550 000 2013 500 000 2014 450 000 2015 400 000 2016 350 000 300 000 250 000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Our retail sales performance continues to outstrip national sales and inflation Year-on-year % change in Total Retail Sales CPI Retail Trade Sales V&A Waterfront 35.0% 32.1% 31.2% 31.0% 30.0% 27.5% 24.0% 25.0% 22.4% 21.7% 21.0% 20.0% 16.9% 14.2% 15.0% 9.6% 9.0% 10.0% 8.4% 8.2% 8.0% 7.7% 7.7% 7.7% 7.5% 7.0% 6.2% 6.3% 6.3% 6.2% 6.1% 6.0% 5.9% 5.2% 4.8% 5.0% 0.0% Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16
Trading Density Highly correlated with Sales Sales and Trading Density Growth 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% 0.00% Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 TD Growth Sales Growth
Consistent sales growth Rolling 12 Months sales 7 000 000 000 6 000 000 000 5 000 000 000 4 000 000 000 3 000 000 000 2 000 000 000 1 000 000 000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 2013 2014 2015 2016
Tenant Mix – Carefully Curated and focused on first to market
Hotels are benefitting from Cape Town’s popularity & the weaker currency HOTEL OCCUPANCY % 80.0 Aug-16 75.0 Aug-15 70.0 O C C 65.0 U P 60.0 A N 55.0 C Y % 50.0 45.0 40.0 Source: STR Global's Report
Small business continues to grow, both in numbers and performance
Watershed – the new home for craft and design and performing above expectations • Sales – average monthly turnover R12m • Trading Densities in excess of R6000/m² • Renewals - 95% retention rate
Residential to let offerings – a new Income stream
In keeping with our philosophy of doing good is good business, we’ve just completed 2MW of Solar and are investigating further seawater cooling options
The V&A Waterfront was celebrated as one of the world’s top sustainable destinations in the Tourism for Tomorrow awards
We are represented at, or take part in, the leading international tradeshows
Our management of the cruise terminal has been very well received by operators, passengers and authorities • 36 cruise liners since October 2015 • Over 27,000 pax and 12,500 crew members • Shuttle service, where needed, to the Watershed
The new tank at the Two Oceans Aquarium will open this winter – an added attraction for TOA and the Avenue
Development overview
A number of developments within the Silo District are nearing completion; this has been a R4.5bn investment 24
Silo District No. 3 Silo increases opportunities to live at the V&A Waterfront 25
Silo District No. 3 Silo increases opportunities to live at the V&A Waterfront • 79 units • 87% pre sold • Occupation March 2017 26
Silo District No. 4 Silo will house Cape Town’s first Virgin Active Classic gym 27
Silo District No. 4 Silo No. 3 Silo No. 4 Silo Residential Virgin Active • Opening November 2016 28
Silo District No. 5 Silo will be shared by pwc and Werksmans • Completed and Occupied 29
Silo District No. 6 Silo is the first Radisson Red hotel for the city, described as a “lifestyle hotel for the millenial mindset ” • Anticipated opening September 2017 30
Canal District We are currently building a new head office for British American Tobacco
Canal District Waterway House 32
Canal District Artist’s impression 33
As a result of all the new development, we will be welcoming a number of blue chip multi-nationals to the V&A Waterfront
Silo District The conversion of the Grain Silo into Zeitz MOCAA continues
Silo district Zeitz MOCAA is where Africa will tell its stories
Silo District Zeitz MOCAA opens in 23 September 2017 37
The Cape Town Cruise Terminal is within a five minute walk into the Silo district, and will connect directly to a My Citi route
All indications are for a bumper Festive Season
Thank you
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