Vukile Property Fund Limited · JSE:VKE
Vukile Property Fund — Corporate Update (2022)
32 slides from Vukile Property Fund's corporate update, Oct 31, 2022
Slide 1: Bahía Sur
Bahia Sur eg ae en a i oe
Slide 2: The reference shopping center in the province of Cadiz
es» \ The reference : shopping center in the province of Cadiz i —> 95,174 inhabitants in San Fernando. Q — > Total catchment area of 674,250 inhab. a —> X3 during summer season ieee, «eee,
Slide 3: Located in a privileged environment, near the bay of Cadiz
Located in a privileged environment, near the bay of Cadiz
Slide 4: 2.5M in 2019
2.5M in 2019 The province of Cadiz is one of the most popular tourist areas in Spain
Slide 5: An area growing as a gastronomic destination
An area growing as a gastronomic destination
Slide 6: The shopping centre is located near the regional train station
The shopping centre is located near to the regional train station and one of the main sports facilities in the city Ree =o,/ SanFeraando . Social Club La Salina e fe Bahia Sur Railway Stati
Slide 7: Our customer profile
Our customer profile Age & Gender Shopper profile 45 year old woman 51% 49% Lives in San Fernando, El Puerto, Chiclana Male Female & Cadiz Lives in a family household with good income 24% 23% 21% level or comes from the suburbs +60 years 45-59 years 30-44 years Favourite brands: Segmentation Behavio
Slide 8: Main KPIs at the purchase
Main kpis at €112.m* ACQUISITION PRICE the purchase NOI AS PER NBO €6.9m GLA 24,760 sqm WAULT MGR: BREAK 3 years EXPIRY 9.5 years KEY TENANTS H&M / Zara / Mango / Burger King / Sprinter / Primor / Carrefour / El Corte Inglés BASE RENTALS 25.7 €/sqm/month OCCUPANCY 99,7% OCR 13% *Transaction costs no
Slide 9: Slide 9
Slide 10: Competition / Our value
Competition Luz Shopping Área Sur Jerez Jerez Largest shopping centre in terms of brands: more than 100 different brands Privileged location in front of the Newest bay Primark in the Our value province with more than 4,000 sqm The unique premium Yelmo The most Cinema in the technological and area ne
Slide 11: What have we done over the last 2 years?
What have we done over the last 2 years?
Slide 12: A shopping centre with an old fashioned and poorly performing department store
A shopping centre with an old fashioned and poorly performing department store of 19,000 sqm
Slide 13: Again, we knew it was a big opportunity
Again, we knew it was a big opportunity to add value to the shopping centre and reinforce the strength of the asset.
Slide 14: A unique project to transform the centre and include new anchor brands
A unique project to transform 17,8 M€ of investment* the centre and include new anchor brands in the city 18 new brands 300 new jobs created 19.000 m2 updated 2019 2022 *Excluding acquisition investment
Slide 15: 2 years of continuous openings
2 years of continuous openings July September December March May July 2020 2020 2020 2021 2021 2021 September October November December January 2021 2021 2021 2021 2022
Slide 16: LEFTIES: The largest store in the province
LEFTIES: The largest store in the province with almost 2,000 sqm
Slide 17: ZARA: New flagship in the city
ZARA: New flagship in the city
Slide 18: CINE YELMO: The newest theatres in the province
CINE YELMO: The newest theatres in the province
Slide 19: PRIMARK: The category killer in fashion
PRIMARK: The category killer in fashion
Slide 20: KIWOKO: The arrival of the pet category
KIWOKO: The arrival of the pet category in the shopping centre
Slide 21: A shopping centre modernized with a new commercial mix
A shopping centre modernized With an interior design with a new commercial mix that restyling, including brand new bathrooms to offers a new shopping and improve customer leisure area. experience
Slide 22: Consolidation of Bahía Sur as the shopping centre of reference
Consolidation of Bahía Sur as the shopping centre of reference in the region RECOVERY INDEX 2022 vs 2019 January 2022 February 2022 March 2022 April 2022 Footfall 107.7% 115.8% 110.1% 117.4% January 2022 February 2022 March 2022 April 2022 Sales 94,8% 115.9% 104.4% 125.9%
Slide 23: A shopping centre that will reach 7,3 million visits in 2022
A shopping centre that will reach 7,3 million visits in 2022 +12%
Slide 24: Extending our catchment area, attracting new customers
Extending our catchment area, — attracting new customers from further away Puerto Real HSS — +152% 4 Tessin Cadiz . FX +20% mt Bahia Sur Shopping Centre Chiclana *Jan — Apr 2022 vs same period 2019. Fetch Analytics Data.
Slide 25: Financial KPIs ECI Project
Financial KPIs ECI Project GLA SIGNED AND COMMITED % 96,7% NUMBER OF NEW BRANDS 18 ADDITIONAL GRI GENERATED €2.5m ADDITIONAL NOI GENERATED €2.4m NOI INCREASE VS BUDGET % +5,3% YIELD ON INVESTMENT 6,11% AVERAGE CASH-ON-CASH 9,6%
Slide 26: Bahía Sur key figures
56,624 2,818 102 674,250 sqm total GLA free parking spaces different brands inhabitants in the catchment area
Slide 27: Current KPIs
Current kp IS FAIR VALUE var. (‘O00€): 140,670 140,770 147,180 120,000 Mar. 2019 Mar. 2020 Mar. 2021 Mar. 2022 Acquisition price: 112.8m€* 140,000 130,000 120,160 Key Tenants: Base Rentals (€/m2): Occupancy: Large National and OCR: Zara, Primark, Media Markt, €23 99,2% International Tenants: 12.6% L
Slide 28: ESG: Environmental & social performance
ESG: Environmental & social performance Environmental certifications Energy performance Energy projects Energy efficiency: 2,366,599 kWh off-site renewable energy consumption PV plant project: (100% of common areas consumption) Power capacity: 9,397 kWp (between roof and carports) Energy consumption
Slide 29: ESG: Environmental
ESG: Environmental A shopping center deeply concerned and committed to the environment
Slide 30: ESG: Social
ESG: Social 100% commited with the town of San Fernando and its surroundings
Slide 31: Slide 31
Slide 32: Bahía Sur
@& BAHIA / SUR