Attacq Limited · JSE:ATT
Attacq — FY2024 Earnings Presentation
76 slides from Attacq's earnings presentation, Sep 10, 2024
Slide 1: Annual Results presentation for the year ended 30 June 2024
Annual Results presentation for the year ended 30 June 2024
Slide 2: Agenda
ATTACQ | Annual results for the year ended 30 June 2024 Agenda 1 Attacq’s focus areas 5 Strategy execution 6 Performance highlights TRANSCEND TRANSFORM 7 Operational South African portfolio 16 Developing waterfall city 27 Other investments 29 Financial results 37 Strategy, guidance and prospects 40
Slide 3: Attacq's focus areas
ATTACQ | Annual results for the year ended 30 June 2024 Attacq’s focus areas TOTAL DIPS Value of portfolio % DIPS growth % assets growth 86.2cps R22.9 billion 19.9% 4.8% FY23: 71.9cps FY23: R21.8 billion FY23: 14.5% FY23: 1.0% Lynnwood Bridge Brooklyn Bridge precinct, Pretoria precinct, Pretoria WAT
Slide 4: Focus areas and business objectives
ATTACQ | Annual results for the year ended 30 June 2024 Focus areas and business objectives BUSINESS FOCUS Directly held portfolio Other investments (Rest of Africa retail investments Waterfall City Rest of South Africa (completed buildings, developments under construction (completed buildings) and
Slide 5: Strategy execution
ATTACQ | Annual results for the year ended 30 June 2024 Strategy execution Key transactions Increased our Waterfall City trans- Disposal Acquisition Repurchased shareholding in action with the GEPF of the remaining 6.5% of the remaining 5.4 million Attacq Waterfall Junction concluded and repaid shar
Slide 6: Performance highlights
ATTACQ | Annual results for the year ended 30 June 2024 Performance highlights Full-year dividend Distributable income Interest cover ratio Gearing GCR credit rating per share (DPS) per share (DIPS) (ICR) growth of growth of improved to improved to Long-term rating of 19.0% 19.9% 2.31 times 25.4% A+
Slide 7: Operational South African Portfolio
ATTACQ | Annual results for the year ended 30 June 2024 Lynnwood Bridge Operational Precinct, Pretoria Waterfall City, Johannesburg Brooklyn Bridge Precinct, Pretoria South African Portfolio MooiRivier Mall, Waterfall City and Rest of South Africa Potchefstroom Eikestad Mall, Stellenbosch Garden Rou
Slide 8: Portfolio highlights
ATTACQ | Annual results for the year ended 30 June 2024 Portfolio highlights Occupancy Weighted average Reversion rate* NOI growth from annual trading density property operations# Increased Growth Increased Increased to 92.8% of 5.8% to positive 1.8% by 8.1% to R1.6 billion FY23: 92.5% FY23: 12.7% F
Slide 9: South African Portfolio Leasing activity
ATTACQ | Annual results for the year ended 30 June 2024 South African Portfolio Leasing activity Occupancy (m²) Renewals and new deals* (%) 750 Retail- Net uptake of 8 575m² 31 970 337 726 580 experience Collaboration hub hub Hotel Total 700 25 893 Number of expired leases 206 18 1 225 685 698 (66 7
Slide 10: Property fundamentals trends
ATTACQ | Annual results for the year ended 30 June 2024 Property fundamentals trends Collections (%) Gross rental (R/m²) 275 266 253 Retail-experience hubs 100.0 228 225 Collaboration hubs 100.5 175 125 Logistics hubs 99.9 99 75 Hotel 100.0 Jun 2021 Dec 2021 Jun 2022 Dec 2022 Jun 2023 Dec 2023 Jun 2
Slide 11: Retail trends
ATTACQ | Annual results for the year ended 30 June 2024 Retail trends Turnover (Rbn) Effort ratio* (%) 15 12 Celebrating our winners 10 8 5 4 0 0 Jun 2021 Jun 2022 Jun 2023 Jun 2024 Jun 2021 Jun 2022 Jun 2023 Jun 2024 Trading density (R/m²) Rent ratio** (%) 4 500 9 3 000 6 1 500 3 0 0 Jun 2021 Jun 2
Slide 12: Comparing to the Clur shopping centre index
ATTACQ | Annual results for the year ended 30 June 2024 Comparing to the Clur shopping centre index* Monthly trading density growth (%) 25 23.0 Mall of Africa (super regional) 20 18.2 Eikestad Mall, MooiRivier Mall (small regional) 15.8 Clur Index (super regional) 15 15.7 Garden Route Mall (regional
Slide 13: Well contained property expenses
ATTACQ | Annual results for the year ended 30 June 2024 Well contained property expenses Positive net growth (%) 6% % of total property expenditure, excl ECLs (%) Employee costs - 4.0%, 4.5% 8.30% 7.60% 5% 4.00% Repairs and 4% maintenance Rental income Property expenses Positive - 21.4%, 4.1% (excl
Slide 14: Operational sustainability
ATTACQ | Annual results for the year ended 30 June 2024 Operational sustainability Energy mix Renewable energy Energy efficiency 6.8 12 Recoveries 2024 2023 5.3 Reduced energy intensity by 72.5 8.4% 5.9 Installed 12.5 25.0 Electricity 119% 115% 82.2 87.3 rooftop PV systems FY23 Water 80% 84% FY24 FY
Slide 15: Client focus
ATTACQ | Annual results for the year ended 30 June 2024 Client focus Client feedback (net promoter score) Client ratings Communication (12 months) Media Social media Response Google rating coverage AVE* reach^ Best dining experience Can we get more parking? 4.60 359 R2.1m 5.8 million 0.43% Need more
Slide 16: Developing Waterfall City
ATTACQ | Annual results for the year ended 30 June 2024 Developing Waterfall City, Skyline dev photo? Waterfall City Johannesburg Where living works Aerial view of Logistics Hub 16
Slide 17: Developing Waterfall City
ATTACQ | Annual results for the year ended 30 June 2024 Developing Waterfall City Highlights • Concluded transaction to increase interest in Waterfall Junction to 50% Completed developments • Urban Design development framework has been revised and updated and development activity • Completed Amrod e
Slide 18: Developments at Waterfall City
ATTACQ | Annual results for the year ended 30 June 2024 Developments at Waterfall City 39.1% 10.5% REMAINING 3.4% BULK 0.9% per land 0.5% parcel (%) 1.7% 43.9% 0.6% 34.4% 12.2% 56.4% 5.6% 7.7% WATERFALL 9.5% REMAINING CITY (%) BULK (%) TOTAL BULK#: 4.2% TOTAL BULK#: 2 552 558m2 1 430 514m2 23.1% 46.
Slide 19: Completed developments Hotel and Collaboration hubs
ATTACQ | Annual results for the year ended 30 June 2024 Completed developments Hotel and Collaboration hubs Nexus Waterfall Completed • Courtyard Hotel (GLA: 6 715m²) • Building 1 (100.0% let, GLA: 7 252m²) › EDGE certified (GBCSA) › Net Zero Level 1 (by design) achieved (GBCSA) • Building 2 (GLA: 5
Slide 20: Completed developments Logistics Hubs
ATTACQ | Annual results for the year ended 30 June 2024 Completed developments Logistics Hubs Amrod head office and distribution centre expansion • Original building GLA: 37 938m² • Expansion GLA: ±3 435m² • Total GLA on completion: ±41 373m² • Land Parcel: 22 (land parcel completed) • Sector: Logis
Slide 21: Completed developments Logistics Hubs
ATTACQ | Annual results for the year ended 30 June 2024 Completed developments Logistics Hubs Midi-units logistics development • Total GLA: 14 561m² • Land Parcel: 9 South • Sector: Logistics hub • Consisting of 3 buildings on a speculative basis • Building 1 (100.0% let, GLA: 4 419m²) • Sustainabil
Slide 22: Developments under construction Collaboration Hubs
ATTACQ | Annual results for the year ended 30 June 2024 Developments under construction Collaboration Hubs The Ingress • GLA on completion: ±21 300m² • Land parcel: 10 • Sector: Collaboration hubs • Development consists of five collaboration hubs • Sustainability and cost reduction initiatives › 4-s
Slide 23: Developments under construction Residential
ATTACQ | Annual results for the year ended 30 June 2024 Developments under construction Residential Ellipse Waterfall • Gross sellable area (GSA) • Total bankable sales: 86.7% on completion: ±45 864m² • Sustainability and cost reduction • Land Parcel: 10 initiatives • Sector: Residential › 4-star GB
Slide 24: Approved pipeline development Logistics Hubs
ATTACQ | Annual results for the year ended 30 June 2024 Approved pipeline development Logistics Hubs Vantage Data Center JNB 12.1 data warehouse of Phase 2 • GLA on completion: ±10 830m² • Land Parcel: 9 North • Sector: Logistics hub • 50% JV with Vantage Data Center on the "Dark Shell“ and land are
Slide 25: Approved pipeline developments Residential
ATTACQ | Annual results for the year ended 30 June 2024 Approved pipeline developments Residential Aspire Waterfall City • Gross sellable area (GSA) on completion: ±15 148m² • Land Parcel: 10 • Sector: Residential • 25% JV with Tricolt • Consisting of an iconic 19-storey residential tower with an in
Slide 26: Logistics Hubs Waterfall Junction
ATTACQ | Annual results for the year ended 30 June 2024 Logistics Hubs Waterfall Junction • 50/50 JV with Sanlam Properties • 6 Phases totaling 627 582m² of bulk • Situated on the K113 which is the new North/South logistics arterial • Phase 1 bulk will be circa 156 00m² with infrastructure to be com
Slide 27: Other investments
ATTACQ | Annual results for the year ended 30 June 2024 Other investments Ikeja City Mall, Nigeria 27
Slide 28: Other investments
ATTACQ | Annual results for the year ended 30 June 2024 Other investments Rest of Africa retail investments • Binding sales agreements entered into with Lango Real Estate Limited to dispose of Attacq’s Rest of Africa retail investments in return for Lango shares: › AttAfrica Limited (AttAfrica), the
Slide 29: Financial results
ATTACQ | Annual results for the year ended 30 June 2024 Financial results Aerial view of Waterfall City 29
Slide 30: Financial highlights
ATTACQ | Annual results for the year ended 30 June 2024 Financial highlights Distributable income Full year dividend Group gearing Interest cover ratio GCR credit rating per share per share increased by 19.9% to increased by 19.0% to improved to improved to Long-term rating of 86.2 cents 69.0 cents
Slide 31: Distributable income per focus area
ATTACQ | Annual results for the year ended 30 June 2024 Distributable income per focus area R’000 Jun 2024 Jun 2023 % change Increase due to higher NOI and reduced finance costs, offset by a 30.0% minority adjustment from the Waterfall City transaction with the GEPF Waterfall City 350 365 290 585 20
Slide 32: Distributable income and dividend
ATTACQ | Annual results for the year ended 30 June 2024 Distributable income and dividend R’000 700 000 175 302 605 749 7 308 613 057 600 000 R129.7m 506 829 (105 854) retained 500 000 116 034 DPS of 69.0 cents, (69 605) which equates to an 400 000 80.0% payout ratio (23 094) (7 949) 14 086 300 000
Slide 33: Balance sheet per focus area
ATTACQ | Annual results for the year ended 30 June 2024 Balance sheet per focus area R’000 Jun 2024 Jun 2023 % change Increase due to the newly completed developments, net positive fair value adjustments on investment properties, and increasing our stake in Waterfall Waterfall City 15 304 742 13 196
Slide 34: Investment properties movement
ATTACQ | Annual results for the year ended 30 June 2024 Investment properties movement Investment properties (R’million) 21 000 896.9 (21.3) (47.1) 19 937.4 350.7 19 000 1 070.0 17 652.6 35.6 17 000 15 000 13 000 11 000 Jun 2023 Additions of IFRS 16 Additions Capex Completed buildings DUC** Leasehol
Slide 35: Interest-bearing borrowings
ATTACQ | Annual results for the year ended 30 June 2024 Interest-bearing borrowings Interest-bearing borrowings Jun 2024 Jun 2023 Available liquidity (%) Gross interest-bearing debt (R’000) 6 079 714 8 384 893 Weighted average loan term (years) 3.3 2.9 Hedged as a percentage of total committed facil
Slide 36: Interest-bearing borrowings | continued
ATTACQ | Annual results for the year ended 30 June 2024 Interest-bearing borrowings | continued Debt and hedge maturity (R’000) 3 000 Funding mix (%) 43.3% 24.6 50.2% 2 000 5.0 11.5 17.3% 21.3% Jun 2024 1 000 5.0% 14.2% 12.8% 17.1% 11.3% 2.8% 3.6% R6.1bn 1.1% 15.5 225 2 278 1 054 2 635 164 129 778 9
Slide 37: Strategy, guidance and prospects
ATTACQ | Annual results for the year ended 30 June 2024 Strategy, guidance and prospects Eikestad Mall, Stellenbosch 37
Slide 38: Horizon 2030 – a vision for the future
ATTACQ | Annual results for the year ended 30 June 2024 Horizon 2030 – a vision for the future What makes us who we are Our purpose At the heart of Attacq’s business is the drive to create a positive impact in our spaces and communities, generating sustainable value for all stakeholders involved Our
Slide 39: Guidance and prospects
ATTACQ | Annual results for the year ended 30 June 2024 Guidance and prospects DIPS Sensible deployment of capital cps DIPS full year guidance Building quality precincts that generate 120 CAGR from FY21 to FY25 = 21.9% 103.4 17.0% to 20.0% sustainable value for all stakeholders by: 90 +19.9% 86.2 +2
Slide 40: Questions and answers
ATTACQ | Annual results for the year ended 30 June 2024 Questions and answers Lynnwood Bridge - retail, Pretoria 40
Slide 41: Appendices
ATTACQ | Annual results for the year ended 30 June 2024 Appendices Distribution Campus (LP8 North), Waterfall City 41
Slide 42: Strategy execution | Delivering on our objectives
ATTACQ | Annual results for the year ended 30 June 2024 Strategy execution | Delivering on our objectives Long term growth People-centric Operational Client focus Positive impact through a sound approach excellence in our communities capital structure (incl. integrated digital business) and environm
Slide 43: South African Portfolio Building profile
ATTACQ | Annual results for the year ended 30 June 2024 South African Portfolio Building profile Geographical profile by GLA and gross monthly rental (GMR) (%) Sectoral profile by GLA (%) Sectoral profile by GLA (%) FY24 FY24 11.8 11.2 FY24 FY24 12.4 12.1 34.3 21.5 6.8 6.4 6.2 6.0 9.4 FY23 FY23 33.5
Slide 44: South African Portfolio Building profile
ATTACQ | Annual results for the year ended 30 June 2024 South African Portfolio Building profile Geographical profile by GLA and gross monthly rental (GMR) (%) Sectoral profile by GLA (%) Sectoral profile by GMR (%) 34.5 31.9 Waterfall City FY24 FY24 29.0 30.8 32.6 100.0 GLA 18.7 100.0 GMR 17.0 36.1
Slide 45: South African Portfolio Client profile
ATTACQ | Annual results for the year ended 30 June 2024 South African Portfolio Client profile Client profile (%) Sectoral profile (%) Sectoral profile by GMR (%) 17.2 5.8 4.9 4.4 4.2 5.4 4.9 16.5 6.0 8.4 9.1 GLA GMR 6.3 12.3 4.8 % % 12.6 3.6 7.6 5.8 3.7 75.9 GLA GMR 70.2 16.3 % % 19.8 4.8 36.6 32.9
Slide 46: Collaboration hub Building grading
ATTACQ | Annual results for the year ended 30 June 2024 Collaboration hub Building grading SAPOA definitions of Office grading GLA (%) P-grade (Prime grade) Top quality, modern space. Prime buildings are often considered iconic and a flagship in its market and a pace-setter in establishing 33.5 rent
Slide 47: South African portfolio Occupancy report
ATTACQ | Annual results for the year ended 30 June 2024 South African portfolio Occupancy report Jun 2024 Jun 2023 Waterfall Rest of Total Occupied Waterfall Rest of Total Occupied City South Africa GLA City South Africa GLA Occupancy - Sector % % % m² % % % m² Retail-experience hubs* 98.9 96.0 97.3
Slide 48: South African portfolio Top clients per sector
ATTACQ | Annual results for the year ended 30 June 2024 South African portfolio Top 5 clients per sector Attributable GLA Attributable gross rental as a % of total GLA as a % of total gross rent Top 5 clients % Top 5 clients % Retail-experience hubs Retail-experience hubs Woolworths 4.1 The Foschini
Slide 49: South African portfolio Renewals and valuations
ATTACQ | Annual results for the year ended 30 June 2024 South African portfolio Renewals and valuations Expired Client Gross Escalation GLA retention rate Number of leases reversion rate* rate* Renewals - sector m² % signed* % % Retail-experience hubs 46 001 81.7 206 5.6 6.8 Collaboration hubs 15 03
Slide 50: South African portfolio Lease expiry profile
ATTACQ | Annual results for the year ended 30 June 2024 Portfolio WALE# South African portfolio Lease expiry profile 4.1 years Lease expiry profile - GLA (m2) Jun 2023: 4.5 years 300 000 26.3% 200 000 22.0% 12.4% 13.5% 7.2% 9.4% 8.4% 100 000 0.8% 0 Vacant Monthly FY25 FY26 FY27 FY28 FY29 FY30 Hotel
Slide 51: Waterfall City Lease expiry profile; Rest of South Africa
ATTACQ | Annual results for the year ended 30 June 2024 Waterfall City Lease expiry profile Portfolio WALE# Lease expiry profile - GLA (m2) 3.2 years 300 000 200 000 31.9% 20.8% 11.0% 13.8% 100 000 7.9% 6.5% 7.6% 0.5% 0 Vacant Monthly FY25 FY26 FY27 FY28 FY29 FY30 Hotel - - - - - - - 12 021 Logistic
Slide 52: South African Portfolio overview
ATTACQ | Annual results for the year ended 30 June 2024 South African Portfolio overview Retail-experience Collaboration Logistics Hotel Other hubs hubs hubs Jun 2024 Jun 2023 Jun 2024 Jun 2023 Jun 2024 Jun 2023 Jun 2024 Jun 2023 Jun 2024 Jun 2023 Number of buildings 8 8 30 30 16 13 3 3 2 2 GLA (m2)
Slide 53: Waterfall City Portfolio overview
ATTACQ | Annual results for the year ended 30 June 2024 Waterfall City Portfolio overview Retail-experience Collaboration Logistics Hotel Other hubs hubs hubs Jun 2024 Jun 2023 Jun 2024 Jun 2023 Jun 2024 Jun 2023 Jun 2024 Jun 2023 Jun 2024 Jun 2023 Number of buildings 2 2 25 25 16 13 2 2 2 2 GLA (m2
Slide 54: Rest of South Africa Portfolio overview
ATTACQ | Annual results for the year ended 30 June 2024 Rest of South Africa Portfolio overview Retail-experience Collaboration Hotel hubs hubs Jun 2024 Jun 2023 Jun 2024 Jun 2023 Jun 2024 Jun 2023 Number of buildings 6 6 5 5 1 1 GLA (m2) 189 659 190 262 70 248 69 859 7 946 7 946 Value (R’000) 4 839
Slide 55: Waterfall City collaboration hub net rentals
ATTACQ | Annual results for the year ended 30 June 2024 Waterfall City collaboration hub net rentals Waterfall City net rental trend (R/m²) 180 160 140 120 100 Jun 2020 Jun 2021 Jun 2022 Jun 2023 Jun 2024 Jan 2025 R/m² net rental - new and renewed leases signed Average for period FY 2021 FY 2022 FY
Slide 56: Retail-experience hub performance
ATTACQ | Annual results for the year ended 30 June 2024 Retail-experience hub performance Jun 2024 12-month average trading density* 12-month average rent to turnover# 12-month average effort ratio^ 12-months 12-months average rent average rent Growth Jun 2024 Jun 2023 Growth to turnover# to turnove
Slide 57: South African portfolio results per retail category
ATTACQ | Annual results for the year ended 30 June 2024 South African portfolio results per retail category % of area % of total % trading Retail category Secondary category (GLA) turnover density growth Accessories, jewellery and watches Accessories, Fine jewellery, Watches 0.7 1.6 4.8 Men’s wear,
Slide 58: Retail category performance
ATTACQ | Annual results for the year ended 30 June 2024 Retail category performance 14 000 Annual trading density (R/m2) Discussion Food: 12 000 Electronics • Includes Checkers and Woolworths grocers only 6.3% -4.7%, R11 143 Electronics 10 000 • Some decline in turnovers off a high base One mono bra
Slide 59: FY25 capex planned
ATTACQ | Annual results for the year ended 30 June 2024 FY25 capex planned 100% Yield-enhancing Waterfall View floor split, Mall of Africa new stores, 15.1% 90% building capex MooiRivier Mall banking section reconfiguration, Glenfair base build 80% Tenant related costs Waterfall View, Novartis, Dis-
Slide 60: Super- and regional mall footcount
ATTACQ | Annual results for the year ended 30 June 2024 Super- and regional mall footcount Total - FY24 vs FY23 (%) Mall of Africa - FY24 vs FY23 (%) Garden Route Mall - FY24 vs FY23 (%) 3.7 2.8 2.8 6.0 12.1 1.5 1.8 5.5 10.9 0.6 9.4 9.6 4.7 8.8 4.5 7.6 4.1 (0.9) 5.2 (2.0) (1.7) 3.2 4.4 4.7 (3.4) 4.1
Slide 61: South African Portfolio Overview
ATTACQ | Annual results for the year ended 30 June 2024 South African Portfolio Overview Waterfall City - Retail-experience hubs GLA Valuation Value Property name Classification Key clients m² R’000 R/m² Mall of Africa Super-regional Checkers Hyper, Edgars, Game, Pick n Pay, Woolworths 129 367 5 956
Slide 62: South African Portfolio Overview | continued
ATTACQ | Annual results for the year ended 30 June 2024 South African Portfolio Overview | continued Waterfall City - Collaboration hubs GLA Valuation Value Property name Key clients m² R’000 R/m² Allandale building Eppendorf, Dell, Honeywell and Reckitt Benckiser 15 476 295 010 19 062 Cell C Campus
Slide 63: South African Portfolio Overview | continued
ATTACQ | Annual results for the year ended 30 June 2024 South African Portfolio Overview | continued Rest of South Africa - Collaboration hubs GLA Valuation Value Property name Location Key clients m² R’000 R/m² Brooklyn Bridge Office Park Pretoria Circle Chambers, SARS 23 528 253 125 10 758 Lynnwoo
Slide 64: South African Portfolio Overview | continued
ATTACQ | Annual results for the year ended 30 June 2024 South African Portfolio Overview | continued Waterfall City - Logistics hub GLA Valuation Value Property name Key clients m² R’000 R/m² Amrod head office and distribution centre* Amrod 20 687 225 497 10 900 BMW Group SA regional distribution ce
Slide 65: South African Portfolio Overview | continued
ATTACQ | Annual results for the year ended 30 June 2024 South African Portfolio Overview | continued Waterfall City - Hotel portfolio GLA Valuation Value Property name Key clients m² R’000 R/m² City Lodge Hotel, Waterfall City City Lodge 5 744 158 038 27 514 Nexus Waterfall, Courtyard Hotel City Lod
Slide 66: Completed developments
ATTACQ | Annual results for the year ended 30 June 2024 Completed developments Nexus Waterfall Amrod expansion Midi units Land Parcel 22 Nexus Waterfall, building 2 (DP World) Total Effective Practical GLA GLA % pre-let/ completion Property name m2 m² pre-sold date Waterfall City - Collaboration hub
Slide 67: Development activity Under construction and approved pipeline
ATTACQ | Annual results for the year ended 30 June 2024 Development activity Under construction and approved pipeline The Ingress B3 Ellipse Aspire Galileo Waterfall City Vantage JNB 12.1 Vantage JNB 12.1 development Total Effective % pre-let/ % completed Estimated Total estimated GSA / GLA* GSA / G
Slide 68: Waterfall city leasehold land
ATTACQ | Annual results for the year ended 30 June 2024 Waterfall city leasehold land Jun 2024 Retail/ Total mixed Office Logistics Hotel Residential Other Land parcel number m² m² m² m² m² m² m² Waterfall City LP 8 Distribution Campus (Logistics hubs) 24 668 - - 24 668 - - - LP 9 Logistics Precinct
Slide 69: Waterfall City Development strategy
ATTACQ | Annual results for the year ended 30 June 2024 Waterfall City Development strategy KEY Mixed use (retail-experience hubs, collaboration hubs, hotel and residential) Residential Retail Offices Warehousing / Distribution Commercial Educational Future roads Waterfall City Masterplan 69
Slide 70: South African Portfolio Net operating income
ATTACQ | Annual results for the year ended 30 June 2024 South African Portfolio Net operating income R’000 1 800 Like-for-like net operating income per sector* % Change 1 600 106 836 10 235 (12 869) 1 563 101 Retail-experience hubs 6.6 1 508 150 (49 251) Collaboration hubs 7.4 Logistics hubs 13.0 1
Slide 71: Cash to distributable income reconciliation
ATTACQ | Annual results for the year ended 30 June 2024 Cash to distributable income reconciliation R’000 Jun 2024 Jun 2023 Net cash generated from operating activities 838 173 686 483 Working capital movements (78 892) (72 627) Trade and other receivables (2 199) (14 400) Inventory (24 397) (33 692
Slide 72: Direct method Distributable income
ATTACQ | Annual results for the year ended 30 June 2024 Direct method Distributable income R’000 Total Waterfall City Rest of South Africa Other investments Rental income 2 536 897 1 561 367 975 530 - Per the income statement 2 536 897 1 561 367 975 530 - Property expenses (1 031 180) (662 367) (368
Slide 73: Net asset value bridge
10 000 12 000 14 000 16 000 8 000 Jun 2022 12 329.1 Profit for the period 520.3 Other comprehensive 62.3 income NAV bridge (R’million) FCTR 76.2 SBP reserve 16.5 Net asset value bridge Other 6.7 distributable reserve Settlement of SBP (10.8) ATTACQ | Annual results for the year ended 30 June 2024 Di
Slide 74: Corporate information
ATTACQ | Annual results for the year ended 30 June 2024 Corporate information 01 02 03 Independent non-executive directors Executive directors Company secretary P Tredoux (Chairperson) JR van Niekerk (CEO) W Modisapodi HR El Haimer (Lead independent) R Nana (CFO) wyna@attacq.co.za FFT De Buck TP Lee
Slide 75: Disclaimer
ATTACQ | Annual results for the year ended 30 June 2024 Disclaimer This presentation and any materials distributed in connection with this presentation may include certain forward-looking statements beliefs or opinions including statements with respect to the company’s business financial condition a
Slide 76: ATTACQ | Annual results for the year ended 30 June 2024
ATTACQ | Annual results for the year ended 30 June 2024 76