Tpl Properties Ltd. · PSX:TPLP
Tpl Properties — Investor Presentation (October 2022)
18 slides from Tpl Properties's investor presentation, Oct 11, 2022
Slide 1: Analyst Briefing
Analyst Briefing October 11, 2022 Strictly Private & Confidential
Slide 2: Overview of the Group
Overview of the Group ` Diversified Entrepreneurial Group, seeking to redefine and lead in the markets it operates, incl. Insurance, Real Estate, LogiTech Public TPL Holding 38% 62% 64% 55% 40% 16% 18% 100% 97% 100% 2
Slide 3: Pioneer in Institutionalizing Real Estate in Pakistan
Pioneer in Institutionalizing Real Estate in Pakistan ` 2007 2016 2020 2022 ▪ Development of ▪ Centrepoint Completed ▪ Acquisition of HKC Ltd (2017) ▪ Acquisition of Korangi Land - Mangrove Centrepoint ▪ 100% tenancy achieved ▪ Incorporation of RMC ▪ Successful first close of REIT Fund initiated ▪ O
Slide 4: Financial Results for the period ending June 30, 2022
Financial Results for the period ending June 30, 2022 ` June 30, 2022 June 30, 2021 Profit and Loss (PKR Mn) Consolidated Unconsolidated Consolidated Unconsolidated Comments Income 503 25 438 284 ▪ Consolidated Income includes RMC Income Gain on sale of properties 3,496 3,496 - - ▪ Inv. Prop (Mangro
Slide 5: Financial Results for the period ending June 30, 2022
Financial Results for the period ending June 30, 2022 ` June 30, 2022 June 30, 2021 Balance Sheet (PKR Mn) Consolidated Unconsolidated Consolidated Unconsolidated Comments Non-Current Assets ▪ LT Investments include units of TPL REIT Fund I and Long-term investment 8,348 9,499 - 2,131 investment in
Slide 6: Successful first close of Pakistan's first Development Impact Fund
Successful first close of Pakistan’s first Development Impact Fund ` Fund Highlights Performance Highlights (FY 22) [NAV per Unit ] Fund Name TPL REIT Fund I Domicile Pakistan 14.38 NAV LTV Fund Manager TPL REIT Management Co. Ltd. 10.00 +~44% PKR 16 b 2.5% Feeder Fund Assets Units TPL Investment Ma
Slide 7: Structured under unique Master Feeder Fund Structure
Structured under unique “Master Feeder Fund” Structure ` Off-shore Feeder Fund International Fund Manager Investors Registered in ADGM International Investors REIT Manager Off-Shore 100% Pakistan 100% Fund Manager Domestic Investors TPL REIT is incorporated in Pakistan as a local International Feede
Slide 8: Subsequent Drawdowns of the First Close & Target Second Close
Subsequent Drawdowns of the First Close & Target Second Close ` Successful first close of PKR 18.35B from leading banks Second & Third Tranche Drawdown Amount to be disbursed PKR 5,625 (50% of the Fresh Raise) Strategic Investor Expected Timeline End of December, 2022 Equity Injection in NMC (Mangro
Slide 9: Growth Avenues
Growth Avenues ` Actively evaluating potential acquisition targets for the Fund. Evaluating new asset classes for Acquisition acquisition under REIT structure Pipeline In advance discussions with several real In active discussions with Land bank Setting up Development owners, developers and a financ
Slide 10: Initial Asset Portfolio of REIT Fund
Initial Asset Portfolio of REIT Fund ` One Hoshang Mangrove Technology Park 10
Slide 11: The Mangrove
The Mangrove ` Project Overview: Regulatory Approvals: Survey of Pakistan Mid-rise waterfront development with multiple towers developed across 40 acres land Height Clearance Utility – Electricity & GAS 12 Mn sq. ft. + built up area Master Plan (Cantt. Approval) Easy accessibility to Business and In
Slide 12: Building Karachi's First Biodiversity Park
Building Karachi’s First Biodiversity Park ` The design of the park will generate Carbon Credits and follows the principles of a biodiversity park1 Environmental Protection Environmental Development Public Recreational Areas ▪ Plant indigenous species. Protect old ▪ Use of sustainable materials. ▪ I
Slide 13: One Hoshang
One Hoshang ` Project Overview: Regulatory Approvals: Utility NoCs Pakistan’s first Gold LEED certified climate resilient residential tower Height Approvals with all modern amenities including retail outlets, wellness center, Heritage event spaces & cinema. Environment Incorporating 130-year-old her
Slide 14: Technology Park
Technology Park ` Project Overview: Regulatory Approvals: Utility NoCs First of its kind technology park in Pakistan with best-in-class Height Approvals technology infrastructure Architectural (SBCA) Niche hospitality to support increasing demand from business Structural travelers Environment Modern
Slide 15: New Initiative: Telecom Towers
New Initiative: Telecom Towers ` Telecom Tower Business TPL’s Role TPL RMC shall establish and manage the local Digital Infra REIT Fund Establish Local REIT Fund which shall own the Tower Assets Structuring acquisitions under tax efficient and governed REIT Transaction Structuring Structure TPL RMC
Slide 16: New Initiative: Tower Investment Structure
New Initiative: Tower Investment Structure ` Offshore Onshore ADGM Licensed Investment and SECP REIT Licensed Manager to Fund Manager to set up and set up the REIT Fund manage the Feeder Fund International debt and equity investors Equity Debt (Domestic) (Domestic ) xx% Shareholding Strategic Operat
Slide 17: Diverse revenue streams
Diverse revenue streams ` Development Advisor 1 Dividend Developer Margin Non-REIT Projects Developer Margin1 Property Manager 2 Dividend Facility Management Fee2 REIT Projects Dividends 3 Dividend and NAV Appreciation through 39% Shareholding Investment Holding Company 4 Dividend Management and Per
Slide 18: 20th Floor, Sky Tower – East Wing, Dolmen City Block 4, Clifton, Karachi, Pakistan
20th Floor, Sky Tower – East Wing, Dolmen City Block 4, Clifton, Karachi, Pakistan
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