Octodec Investments Limited · JSE:OCT
Octodec Investments — Corporate Update (February 2022)
16 slides from Octodec Investments's corporate update, Feb 23, 2022
Slide 1: Pre-close update February 2022
Pre-close update February 2022 OCTODEC INVESTMENTS LIMITED PRE-CLOSE UPDATE February 2022
Slide 2: Agenda
Agenda 1 Octodec at a glance 2 Overview for the period 3 Our portfolio performance 4 Strategy update 5 Contact details 6 Questions and answers OCTODEC INVESTMENTS LIMITED PRE-CLOSE UPDATE February 2022 2
Slide 3: Octodec at a glance
OCTODEC AT A GLANCE OCTODEC INVESTMENTS LIMITED PRE-CLOSE UPDATE February 2022
Slide 4: Octodec at a glance
Octodec at a glance . Octodec is a JSE-listed REIT with a diversified inner To create and serve a thriving ecosystem of residents, Who city focused property portfolio of 267 properties Why small shop owners, professionals, Government valued at R11.2 billion. employees, students and entrepreneurs, am
Slide 5: Overview for the period
OVERVIEW FOR THE PERIOD OCTODEC INVESTMENTS LIMITED PRE-CLOSE UPDATE February 2022
Slide 6: Overview for the period
Overview for the period Challenging operating environment that continues to evolve post-Covid-19 • Local economy remains under pressure, with record unemployment and interest rate cycle challenging consumers • We recognise the changes in tenant needs • Different responses required from the business
Slide 7: Our portfolio performance
OUR PORTFOLIO PERFORMANCE OCTODEC INVESTMENTS LIMITED PRE-CLOSE UPDATE February 2022
Slide 8: Residential portfolio overview
Residential portfolio overview Residential vacancy trends (%) • FY2021 was negatively impacted by the vacancies in the residential portfolio 35 31 30 • Vacancy trend over 25 months can be seen in graphs 30 26 25 21 • Vacancies decreased compared to January 2021 17 18 20 15 14 15 15 15 15 15 • Signif
Slide 9: Commercial portfolio overview
Commercial portfolio overview Leasing highlights – retail/shopping centres Core lettable vacancies* by sector • KFC drive through at Waverley Plaza to be completed in March 2022 @ R5.9 million • Shoprite Church Street: Board approval received 31 January 2022 31 August 2021 for 10-year deal of 4 784m
Slide 10: Lease expiry update: leases above 3 000m² at 31 January 2022
Lease expiry update: leases above 3 000m² (FY2021/22) at 31 January 2022 Building Tenant Lease expiry GLA (m²) Renewal status Capitol Towers CoT Metropolitan Municipality November 2020 12 219 No update from City of Tshwane on renewal to date North Centre Walk Department of Rural February 2021 9 528
Slide 11: Collections / arrears
Collections / arrears Collection as % of billings 120 117* 115 113 110 105 104 102 102 103 99 100 101 100 98 95 95 97 94 90 Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Commercial Residential Total * High % due to September debtors billing including a large amount of commercial bad debts written off (previous
Slide 12: Strategy update
STRATEGY UPDATE OCTODEC INVESTMENTS LIMITED PRE-CLOSE UPDATE February 2022
Slide 13: Strategy update
Strategy update Financial sustainability • Repaid R200 million out of R593 million facilities maturing in 2022 • Anticipate settling the balance of R393 million on maturity • Refinanced R500 million facility for a further period of three years to 2024 • Currently negotiating the refinancing of R800
Slide 14: Strategy update continued
Strategy update continued Property portfolio • Improved rate of disposal • Sold and transferred 11 properties for R119.1 million net of commission • Expect to transfer a further 12 properties for an approximate amount of R134 million in the current financial year Capital expenditure • No new acquisi
Slide 15: Contact details
Contact details Anabel Vieira Financial director Tel: 012 319 8863 Email: Anabel.Vieira@Octodec.co.za Jeffrey Wapnick Managing director Tel: 012 319 8709 Email: JeffW@Octodec.co.za www.octodec.co.za OCTODEC INVESTMENTS LIMITED PRE-CLOSE UPDATE February 2022 15
Slide 16: Questions and answers
QUESTIONS AND ANSWERS OCTODEC INVESTMENTS LIMITED PRE-CLOSE UPDATE February 2022
Octodec Investments — Corporate Update (February 2022) on 6ix