Calgro M3 Holdings Limited · JSE:CGR
Calgro M3 — FY2010 Earnings Presentation
40 slides from Calgro M3's earnings presentation, February 2010
Slide 1: Calgro M3 Holdings
Slide 2: Overview
Overview • Black empowered niche property development company for 15 years • Listed on AltX November 2007 • first company to list a debt programme on Yield‐X 2008 • Specialist in integrated development projects that adhere to Government’s BNG principles • Proven track record in BNG & Social Housing
Slide 3: Overview (ctd.)
Overview (ctd.) • Development partners include: ¾ City of Johannesburg, Department of Housing ¾ Johannesburg Social Housing Company (JOSHCO) ¾ Gautengg Provincial Government,, Department p of Housingg ¾ City of Cape Town, Department of Housing ¾ Ekurhuleni Metropolitan Council, Department of Housing
Slide 4: Overview - Products and Market Definition
Overview ‐ Products and Market Definition R 1 600 000+ d sectional title R 500 000+ Integrated developments FFull title and R 270 000+ R 55 706
Slide 5: Business Model
Business Model SSS" CALGRO M3 HeO een i NC Ss a SE So a DP
Slide 6: Business Model Turnkey Developer
Business Model Identify project Due diligence – market Top‐structure research, viability construction studies, etc Acquire land, Transfers to end‐users, etc Turnkey Developer development p etc funding, g Infrastructure (bulk & Township link, internal) Establishment Marketing & Sales
Slide 7: Calgro M3 Holdings Limited – Board of Directors
Calgro M3 Holdings Limited – Board of Directors
Slide 8: Shareholding Profile
Shareholding Profile Management Freefloat ‐ BEE Freefloat 32% 43% 25%
Slide 9: Key Financial Factors
Key Financial Factors SSS" CALGRO M3 HeO een i NC Ss a SE So a DP
Slide 10: Highlights
Highlights • Interim revenue of R96m consistent (compared to full‐year R188m FY2010) • Overheads well‐contained to R13,9m • Headline profit of R4,6m reversed headline losses of R3,7m (Aug 2009) and R9,7m (FY 2010) • Debt: Equity ratio up to 1.3 : 1 from 1.6 : 1 (FY2010) and 3.1 : 1 (FY2009) • Curren
Slide 11: Key Financial Factors
Key Financial Factors R 350,000,000.00 DEBT VS EQUITY Q R 300,000,000.00 R 250,000,000.00 R 200,000,000.00 DEBT R 150,000,000.00 Equity R 100,000,000.00 R 50,000,000.00 R‐ February 2009 Results August 2009 Results February 2010 Results August 2010 Results
Slide 12: Key Financial Factors
Key Financial Factors 350000000 DEBT EXCL TRADE PAYABLES VS EQUITY 300000000 250000000 200000000 DEBT EXCLUDING TRADE PAYABLES 150000000 Equity 100000000 50000000 0 February 2009 Results August 2009 Results February 2010 Results August 2010 Results
Slide 13: Key Financial Factors
Key Financial Factors 350000000 NETT CASH TREND ANALYSIS 300000000 250000000 200000000 February 2009 Results August 2009 Results 150000000 February 2010 Results August 2010 Results 100000000 50000000 0 NETT CASH POSITION ‐50000000
Slide 14: Past and Present Projects
Past and Present Projects SSS" CALGRO M3 HeO een i NC Ss a SE So a DP
Slide 15: Infrastructure Projects – Pennyville
Infrastructure Projects – Pennyville Pennyville project – 2,800 units: • Roads and storm water; • Water W t and d sewer; • Pedestrian bridges; • Pennyville substation (electricity)
Slide 16: Infrastructure Projects – Fleurhof
Infrastructure Projects – Fleurhof Fleurhof project – 9,300 units: • Roads and stormwater; • Water and sewer; • Water reservoir; • Extension of Westlake Road – linking Soweto with northern suburbs; • Shared substation with Pennyville. Pennyville Feb‐10 Sep‐09
Slide 17: Existing Projects – Integrated & Low to Medium Income Residential
Existing Projects – Integrated & Low to Medium Income Residential Social Number of Affordable Estimated Project Location Type of project RDP units housing & units housing turn‐over GAP Fleurhof Ext 2 Johannesburg South Integrated 9,300 3,100 3,100 3,100 2,280,000,000 p View Hospital Johannesburgg So
Slide 18: New / Pipeline Projects – Integrated & Low to Medium Income Residential
New / Pipeline Projects – Integrated & Low to Medium Income Residential Social Number of Affordable Estimated turn‐ Project Location Type of project RDP units housing & units housing over GAP Formalization program ‐ Fort West Pretoria West RDP/BNG stands, GAP, 10,925 9,486 1,044 395 984,784,983 soci
Slide 19: Completed Projects – Low to Medium Income Residential
Completed Projects – Low to Medium Income Residential Project name Type of project No of units Project name Type of project No of units Pennyville Ext 1 Integrated 2,800 Graceland Village Affordable housing 25 Lenasia South ext 4 Affordable housing 390 Daveyton Affordable housing 10 Ennerdale Ext 8
Slide 20: Completed Projects – Mid to High Income Residential
Completed Projects – Mid to High Income Residential Date Project name Township Type of project No of units Project turn‐over completed Firenza Randpark Ridge Ext 107 Full title cluster 71 2001 R53 250 000 R53,250,000 Clearwater Estates Parkhaven Ext 3 Full title cluster 104 2003 R72,850,000 Chestnut
Slide 21: Completed Projects – Mid to High Income Residential
Completed Projects – Mid to High Income Residential Manyalethi Cedar Crest Cedar Crest
Slide 22: Completed Projects – Mid to High Income Residential
Completed Projects – Mid to High Income Residential 22‐on‐Campbell Baybridge Canal Baybridge Canal Baybridge Canal
Slide 23: Existing Projects – Mid to High Income Residential
Existing Projects – Mid to High Income Residential Project name Township Status of project Type of project No of units Tinamoon Broad Acres Ext 36 EIA RoD received. Town planning in process Retirement and Lifestyle Estate 315 Estate Mayfields Chartwell Ext 8 Town planning in process Sectional title
Slide 24: Calgro M3 – Integrated Development Concept
Calgro M3 – Integrated Development Concept
Slide 25: Pennyville Integrated Development – 2,800 units
Pennyville Integrated Development – 2,800 units (New Canada Road ‐ Johannesburg South) BRT Route New Canada Station School
Slide 26: Fleurhof Integrated Development – 9,300 units
Fleurhof Integrated Development – 9,300 units (Main Reef Road ‐ Johannesburg South) E i ti Fleurhof Existing Fl h f township t hi Main Reef Rd - ± 9 8 km 9.8 km’ss from Jhb CBD Soweto (Meadowlands)
Slide 27: Jabulani CBD & Jabulani Hostel Development
Jabulani CBD – 4,199 units & Jabulani Hostel Development– 1,638 units (Soweto) New 300 bed N b d School hospital Phases 1&2 Jabulani Mall Performing Arts Theatre and Shopping Mall Phases 3&4 Jabulani CBD Developmentent Jabulani Hostel Development
Slide 28: Typical Units
Typical Units a SSS" CALGRO M3 HeO een i NC Ss -_ > eet
Slide 29: Typical Unit Designs – Multi-Storey RDP Units
Typical Unit Designs – Multi‐Storey RDP Units Pennyville Project Pennyville Project Typical unit size ‐ 40m² ‐ variations of 2, 3 & 4 storey walk‐ ups Pennyville Project
Slide 30: Typical Unit Designs – Freestanding RDP Units
Typical Unit Designs – Freestanding RDP Units Pennyville Project Typical unit size ‐ 40m² ‐ variation of freestanding and semi‐detached units Pennyville Project
Slide 31: Typical Unit Designs – GAP, Social & Rental Units
Typical Unit Designs – GAP, Social & Rental Units Pennyville Project Typicall unit sizes varies ffrom 40m² to 85m² ‐ all family units ‐ variations of 2, 3 & 4 storey walk‐ p ups
Slide 32: Social Upliftment, Energy Efficient Measures, etc
Social Upliftment, Energy Efficient Measures, etc
Slide 33: Social and Community Upliftment
Social and Community Upliftment “The world we have created today as a result of our thinking thus far has problems that cannot be solved by thinking the way we thought when we created them…” Albert Einstein Calgro M3 will contribute the following: • Crèches – to be built and donated by Calgro M3 to
Slide 34: Energy Efficiency
Energy Efficiency • Calgro M3 is investigating renewable energy measures, including: • Solar power geysers • Alternative construction methods for better thermal insulation • Gas stoves, ovens and hobs • Solar powered street lighting etc.
Slide 35: Social Investment – Pennyville Créche
Social Investment – Pennyville Créche
Slide 36: Photo Gallery – Pennyville Project
Photo Gallery – Pennyville Project
Slide 37: Integrated Project – Pennyville Project
Integrated Project – Pennyville Project
Slide 38: Integrated Project – Pennyville Project
Integrated Project – Pennyville Project
Slide 39: Integrated Projects
wi CALGRO M3 @ “TT... ie a =e Se ee ea
Slide 40: Pennyville Project – Community
Pennyville Project – Community