Attacq Limited · JSE:ATT
Attacq — Investor Presentation (June 2022)
22 slides from Attacq's investor presentation, Jun 7, 2022
Slide 1: Attacq Pre-Close Update June 2022
ATTACQ PRE-CLOSE UPDATE JUNE 2022
Slide 2: Agenda
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 1 AGENDA 2 HIGHLIGHTS 3 CAPITAL STRUCTURE 6 SOUTH AFRICAN PORTFOLIO 10 WATERFALL CITY 17 OTHER INVESTMENTS 18 ATTACQ STRATEGIC OUTLOOK 19 QUESTIONS AND ANSWERS Eikestad Mall, Stellenbosch
Slide 3: Highlights
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 2 HIGHLIGHTS Our vision is to create sustainable value for all stakeholders through our value-based strategy, ensuring positive impact in our communities and environment we operate in Real estate portfolio and Waterfall City development In
Slide 4: Capital Structure
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 3 CAPITAL STRUCTURE Mall of Africa interior, Waterfall City
Slide 5: Interest-Bearing Debt
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 4 INTEREST-BEARING DEBT Mar 2022 Dec 2021 Liquidity (R’million) Gross interest-bearing debt (R’000) 8 132 244 8 610 210 ZAR debt (R’000) 8 132 244 8 610 210 310,0 EUR debt (R’000) - - Weighted average loan term (years) 3.8 4.0 Mar 2022 Gea
Slide 6: REIT Status
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 5 REIT STATUS Discussion points • To retain REIT status, dividend declaration required on or before 31 October 2022 • Strategically, Attacq is committed to retaining its REIT status • A full year dividend for FY22 will be considered by the
Slide 7: South African Portfolio
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 6 SOUTH AFRICAN PORTFOLIO Waterfall City and Rest of South Africa completed portfolio Lynnwood Bridge precinct, Pretoria MooiRivier Mall, Waterfall City, Potchefstroom Johannesburg Eikestad Mall, Stellenbosch Garden Route Mall, George PwC
Slide 8: SA Portfolio Occupancy and Collections Report
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 7 SA PORTFOLIO OCCUPANCY AND COLLECTIONS REPORT APR 2022 DEC 2021 Occupied Waterfall City Rest of South Africa Total GLA Total OCCUPANCY - SECTOR % % % m² % Retail-experience hubs 95.7 96.8 96.4 294 124 96.2 Collaboration hubs 81.8 85.7 82
Slide 9: Retail-Experience Hubs Analytics
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 8 RETAIL-EXPERIENCE HUBS ANALYTICS 12-MONTH AVERAGE TRADING DENSITY* APRIL 2022 Loyalty Rent to Dwell time Return visit Apr 2022 Apr 2021 Growth turnover Footcount Ave min/visit within CENTRE R/m² R/m² % % (numbers) (minutes) 30 days (%) S
Slide 10: Super- and Regional Mall Turnover Growth
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 9 SUPER- AND REGIONAL MALL TURNOVER GROWTH Total 2022 vs 2021 (%) Mall of Africa 2022 vs 2021 (%) Garden Route Mall 2022 vs 2021 (%) 23,3 33,6 24,6 32,1 19,20 17,0 14,7 24,5 13,1 20,4 15,0 13,5 11,2 10,3 12,6 Total Apr Mar Feb Jan Total Ap
Slide 11: Waterfall City
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 10 WATERFALL CITY Developing the Waterfall City precinct Waterfall City, Johannesburg Cotton On head office and distribution centre, Waterfall City
Slide 12: Waterfall City Developments
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 11 WATERFALL CITY DEVELOPMENTS Total Effective Completed developments GLA m² GLA m² Waterfall City - Collaboration hub Waterfall Corporate Campus - Building 6^ 3 972 1 985 Nexus Waterfall - Building 1 7 456 7 456 Waterfall City - Logistic
Slide 13: Completed Developments
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 12 COMPLETED DEVELOPMENTS Cotton On head office and distribution centre • GLA: 20 747m² • Land parcel: 9 North • Sector: Logistics hub • 50.0% JV with Equites • Practical completion date: Q3 FY22 Cotton On, Waterfall City
Slide 14: Completed Developments Continued
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 13 COMPLETED DEVELOPMENTS CONTINUED Nexus Waterfall • GLA: ±32 550m² • Courtyard Hotel and three buildings Completed • Courtyard Hotel (6 715m²) • Building 1 › GLA: 7 456m² › Land parcel: 10 › Sector: Collaboration hub › 51.4% let › Practi
Slide 15: Developments Under Construction
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 14 DEVELOPMENTS UNDER CONSTRUCTION Waterfall Corporate Campus • GLA: ±35 000m² • Land parcel: 10B • Sector: collaboration hubs • 50.0% JV with Zenprop • Seven buildings • All buildings have targeted or have achieved a minimum four-star GBC
Slide 16: Developments Under Construction Continued
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 15 DEVELOPMENTS UNDER CONSTRUCTION CONTINUED Vantage data centre • GLA: ±60 764m² • Land parcel: 9 North • Sector: Logistics hub • 50.0% JV with Vantage • Three phase development • Phase 1 development (±11 785m²) estimated completion date:
Slide 17: Developments Under Construction Continued
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 16 DEVELOPMENTS UNDER CONSTRUCTION CONTINUED Plumblink distribution centre and head office • GLA: ±14 943m² • Land Parcel: 22 • Sector: Logistics hub • 50.0% JV with Bidvest Properties • Development will be the new head office and distribu
Slide 18: Other Investments
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 17 OTHER INVESTMENTS Investment in MAS • 46.2 million shares (6.46% of MAS) • All EUR debt settled • Strategic hold for income and capital growth Rest of Africa retail investments • Ikeja disposal ongoing • Disposal of AttAfrica assets app
Slide 19: Attacq Strategic Outlook
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 18 ATTACQ STRATEGIC OUTLOOK Repositioned strategy well on track for continued growth in 2022 We will continue to create sustainable value for all stakeholders through a value-based strategy, ensuring a positive impact in our communities an
Slide 20: Questions and Answers
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 19 QUESTIONS AND ANSWERS Waterfall Corporate Campus Building 6, Waterfall City
Slide 21: Disclaimer
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 20 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 con
Slide 22: Corporate Information
AT T A C Q | P R E - C L O S E U P D A T E 7 J U N E 2 0 2 2 21 CORPORATE INFORMATION 01 02 03 Independent non-executive directors Executive directors Company secretary P Tredoux TP Leeuw JR van Niekerk (CEO) W Modisapodi (Chairperson) IN Mkhari R Nana (CFO) wyna@attacq.co.za HR El Haimer S Shaw-Tay