Tpl Properties Ltd. · PSX:TPLP
Tpl Properties — Investor Presentation (March 2023)
19 slides from Tpl Properties's investor presentation, Mar 9, 2023
Slide 1: Analyst Briefing 9th March 2023
Pakistan’s leading Real Estate Development and Fund Management Company Analyst Briefing 9th March 2023 1
Slide 2: TPL Corp
TPL Corp Diversified Group, seeking to redefine & lead in its markets, incl. Insurance, Real Estate ` General TPL Holding Public 38% 62% 64% 100% 55% 97% 40% 100% 16% 18% TPL Trakker TPL Security TPL Insurance TPL Life TPL Properties TPL e-Ventures 100% 100% TPL Maps Trakker ME (Singapore) (UAE) 4 L
Slide 3: TPL Properties: Pioneer in Institutionalizing Real Estate in Pakistan
TPL Properties Pioneer in Institutionalizing Real Estate in Pakistan ` 2007-13 2014-16 2017-21 2022-23 Secured Foreign Currency 100% tenancy achieved (2014) Acquisition of HKC Ltd (2017) REIT Fund I – PKR 18.35 Bn (largest equity Financing USD 20 Mn (2011) OPIC (now DFC) facility prepaid
Slide 4: Multi Faceted Real Estate Holding Company
TPL Properties Multi Faceted Real Estate Holding Company ` TPL Properties (PSX: TPLP): restructured from single yielding asset, to a multi-dimensional real estate company Real Estate Owner Developer REIT Manager Offshore Manager Property Manager Restructured as Real Estate Projects assessment, desig
Slide 5: TPL Properties Limited – Standalone Results (P&L)
TPL Properties Limited – Standalone Results P&L for the period ended December 31, 2022 ` Description YTD-Dec 22 YTD-Dec 21 Variance [PKR 000s] [PKR 000s] [PKR 000s] [%] Revenue 5,037,350 23,902 5,013,448 20975% Revenue: Total Revenue 5,037,350 23,902 5,013,448 20975% Revenue comprises of realized
Slide 6: TPL Properties Limited – Standalone Results (Balance Sheet)
TPL Properties Limited – Standalone Results Balance Sheet as at 31 December 2022 ` Equity and Liabilities Dec-22 June-22 Total Assets Dec-22 June-22 [PKR 000s] [PKR 000s] [PKR 000s] [PKR 000s] NON-CURRENT ASSETS Share Capital SHARE CAPITAL Property, plant and equipment 252,235 273,860 Paid-up capi
Slide 7: TPL Properties Limited – Consolidated Results (P&L)
TPL Properties Limited – Consolidated Results P&L for the period ended December 31, 2022 ` Description YTD-Dec-22 YTD-Dec-21 Variance [PKR 000s] [PKR 000s] [PKR 000s] [%] Revenue 4,360,017 31,402 4,328,615 13785% Consolidated vs Stand Alone Total Revenue 4,360,017 31,402 4,328,615 13785% Revenue adj
Slide 8: TPL Properties Limited – Consolidated Results (Balance Sheet)
TPL Properties Limited – Consolidated Results Balance Sheet as at 31 December 2022 ` Equity and Liabilities Dec-22 Jun-22 Total Assets Dec-22 Jun-22 [PKR 000s] [PKR 000s] [PKR 000s] [PKR 000s] SHARE CAPITAL NON-CURRENT ASSETS Issued, subscribed and paid-up capital 5,648,066 5,107,332 Property, plant
Slide 9: TPL REIT Fund I
TPL REIT Fund I Pakistan’s first hybrid REIT structured to allow international investors participation ` Fund Highlights Successful first close of PKR 18.35 bn from leading banks No. Investor Type PKR mn Holding Fund Name TPL REIT Fund I 1 TPL Properties Strategic 7,100 38.7% Domicile Pakistan 2 Hab
Slide 10: REIT Fund I Portfolio: The Mangrove
REIT Fund I Portfolio: The Mangrove Mid-tier integrated community, includes residential, commercial, retail and hospitality spaces ` Master planned mid-rise waterfront Feasibility: Operational Highlights development Highest & Best Use Study by Acquisition by REIT Fund Savills Equity Injection Land
Slide 11: REIT Fund I Portfolio: One Hoshang
REIT Fund I Portfolio: One Hoshang Pakistan’s first LEED Gold Certified Residential Apartment Tower ` Luxury Residential Regulatory Approvals: Construction: Built-up Area: 275K sq ft Utilities & Height Tender awarded 30 Apartments + Duplex Penthouse + Niche Retail Heritage & Environment Demoliti
Slide 12: REIT Fund I Portfolio: Technology Park
REIT Fund I Portfolio: Technology Park Fostering Tech Eco-System, in process to be Special Technology Zone ` Offices & Business Hotel Regulatory Approvals: Construction: Built-up Area: 600K sq ft Utilities & Height Tendering process Grade A Offices: part leased, part sold Architectural (SBCA) Co
Slide 13: TPL REIT Fund I: Investment Opportunity through Direct Listing
TPL REIT Fund I Investment Opportunity through Participating in the Direct Listing ` Pursuing Direct PSX Listing of TPL REIT Fund I for it to become SCRA eligible investment Key Terms to facilitate Foreign Investors and widen exit opportunities for Anchor Investors PKR 100 Mn (OFS) + PKR 22.1 Mn (In
Slide 14: New Initiative: Digital Infrastructure REIT
New Initiative : Digital Infrastructure REIT TPL’s Infra Asset Management to scale both in Pakistan and Internationally ` TASC Towers Holding JV with TASC Towers – TPL joining hands for Regional Infra Growth International telecom tower operator with teams across the US, UK & Europe Negotiating D
Slide 15: Telecom Tower portfolio acquisition and growth
New Initiative : Digital Infrastructure REIT Telecom Tower portfolio acquisition and growth ` TPL Properties and TASC Towers Holding (“TASC”) are in exclusive final negotiations to acquire Pakistan’s largest telecom tower company (“Deodar”) Market leader with 27% market share with leading MNO as anc
Slide 16: Outperforming KSE Index
TPL Properties Outperforming KSE 100 Index ` [No.] KSE 100 Index (LHS) TPLP Share Price (RHS) TPL Adjusted Share Price (RHS) 1 Key Metrics [PKR / Shr] 50,000 90 1. ROI: 2.65x (since IPO) v/s 1.07x of KSE 100 Index2 80 2. BVPS: PKR 26.9 / Shr 45,000 3. P/BV: 0.54x 70 4. Regional P/BV: 3.85x 5. Disc.
Slide 17: Key Management
TPL Properties Key Management ` Ali Jameel Jamil Akbar Sulaiman Mehdi Ali Asgher Racha Alkhawaja CEO, TPL Properties COO, TPL Properties CEO, TPL Development CEO, TPL RMC CEO, TPL IM FCA, ICAEW (UK), BSc. LSE (UK) MBA INSEAD (FR) ; FCA (UK); BEng Imperial (UK) MPA KU (PK); FCIS ICSP (PK) MBA (PK), F
Slide 18: Key Board Members and Advisors
TPL Properties Key Board Members and Advisors ` TPL Properties Board Members Jameel Yusuf Vice Admiral (R.) M. Shafi Sabiha Sultan Khalid Mahmood Chairman of TPL Corp Ltd, Ex Pakistan Navy, ex Chairman of ex SCB Singapore; ex JP Morgan Ex Chairman at Sindh Revenue Board, ex Chairman of CPLC PNSC and
Slide 19: Disclaimer and contact address
20th Floor, Sky Tower – East Wing, Dolmen City Block 4, Clifton, Karachi, Pakistan DISCLAIMER This Presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. Cons