Octodec Investments Limited · JSE:OCT
Octodec Investments — Corporate Update (August 2022)
18 slides from Octodec Investments's corporate update, Aug 25, 2022
Slide 1: Pre-close update
Pre-close update 25 August 2022 OCTODEC INVESTMENTS LIMITED PRE-CLOSE UPDATE August 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 One on OCTODEC Mutual LIMITED PRE-CLOSE UPDATE August 2022 INVESTMENTS 2
Slide 3: Octodec at a glance
OCTODEC AT A GLANCE OCTODEC INVESTMENTS LIMITED PRE-CLOSE UPDATE August 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 243 properties Why small shop owners, professionals, Government valued at R10.9 billion. employees, students and entrepreneurs, am
Slide 5: Overview for the period
OVERVIEW FOR THE PERIOD OCTODEC INVESTMENTS LIMITED PRE-CLOSE UPDATE August 2022
Slide 6: Overview for the period
Overview for the period Distributable income (funds from operations) and dividend • Distributable income (FFO) is anticipated to be between 158.0 and 185.0 cents per share (FY2021: 134.6 cents), or between 17% and 37% more than the prior year. This is largely a result of lower finance costs and no t
Slide 7: Overview for the period continued
Overview for the period continued Property fundamentals and property valuations • Commitment to maintaining strong property fundamentals remains • Cautious investment approach balanced with need to maintain buildings and ensure longevity / sustainability of assets and meet the needs of our tenants C
Slide 8: Our portfolio performance
OUR PORTFOLIO PERFORMANCE OCTODEC INVESTMENTS LIMITED PRE-CLOSE UPDATE August 2022
Slide 9: Residential portfolio overview
Residential portfolio overview Residential vacancy trends (%) • Overall residential vacancy 31 August 2021 31 July 2022 35 15% 7% 30 26 25 18 • Decrease in vacancies have positive impact on FY2022 20 16 15 15 15 15 15 • Significant increase in leads and leasing enquiries 15 10 9 9 currently being re
Slide 10: Commercial portfolio overview
Commercial portfolio overview Leasing highlights – Retail / Shopping Centres Core lettable vacancies* by sector Johannesburg • Truworths will be relocating from FNB Bank City to Arlington House 31 July 31 August from October 2022 and opening a new 500m² store 2022 2021 % % • Ricci’s Place & John Str
Slide 11: Update on leases > 3 000m² that expired pre-July 2022
Update on leases > 3 000m² that expired pre-July 2022 at 31 July 2022 Building Tenant Expired leases GLA (m²) Renewal status Capitol CoT Metropolitan Municipality November 2020 12 219 Tenant has indicated that they intend to move the department to Towers North Midtown (CoT in process of purchasing b
Slide 12: Lease expiry update: leases above 3 000m² (FY2022/23)
Lease expiry update: leases above 3 000m² (FY2022/23) at 31 July 2022 Building Tenant Lease expiry GLA (m²) Renewal status The Fields SEDA December 2022 6 568 Anticipate a one-year lease renewal effective 1 January 2023 – awaiting signed addendum Odeon Forum The Technology Innovation December 2022 3
Slide 13: Collections / arrears
Collections / arrears Collection as % of billings 120 117.4 115 109.5 110 113.0 105 104.0 107.3 100.0 100 94.2 100.7 99.0 95 95.0 97.1 94.0 90 Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Residential Commercial Total Linear (Total) * High % due to September debtors bi
Slide 14: Strategy update
STRATEGY UPDATE OCTODEC INVESTMENTS LIMITED PRE-CLOSE UPDATE August 2022
Slide 15: Strategy update continued
Strategy update continued Property portfolio • Improved rate of disposal with proceeds approximating carrying value • Sold and transferred 19 properties for R168.5 million net of commission • Expect to transfer a further 4 properties for an approximate amount of R116 million in the current financial
Slide 16: Strategy update continued
Strategy update continued Financial sustainability • Reduced outstanding facilities by c.R300 million in 2022 • Successful refinance of maturing debt, raising R1.1 billion from banks in June and July 2022 for a period of 3 to 5 years • Expect to maintain our loan expiry in excess of 2 years • More i
Slide 17: Anabel Vieira and Jeffrey Wapnick 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 OCTODEC INVESTMENTS LIMITED PRE-CLOSE UPDATE August 2022
Slide 18: Questions and answers
QUESTIONS AND ANSWERS OCTODEC INVESTMENTS LIMITED PRE-CLOSE UPDATE August 2022