Slide 1: RMH Results Discussion
RMH RESULTS DISCUSSION 23 MARCH 2021 Strictly private and confidential
Slide 2: Agenda
PAGE 2 AGENDA 1 RMH Results 2 Breakdown of RMH NAV 3 Portfolio discussion 4 Reaffirming the strategic framework 5 Engagement on RMH remuneration structure
Slide 3: RMH and RMH Property: Results
SECTION 1 RMH and RMH Property: Results
Slide 4: RMH and RMH Property Results
PAGE 4 RMH AND RMH PROPERTY RESULTS HEADLINE EARNINGS For the six months ended 31 Dec For the year ended 30 Jun R million 2020 2019 % change 2020 Headline earnings – discontinued operations - 4 763 5 639 RMH Property (21) 10 83 Centre income/(costs) 16 (190) (345) Headline loss (5) (180) (97) (262)
Slide 5: RMH net asset value
SECTION 2 RMH net asset value 2] RMH oO
Slide 6: RMH Net Asset Value Breakdown
PAGE 6 RMH NET ASSET VALUE BREAKDOWN NET ASSET VALUE (R’M) AS AT DECEMBER 2020 RMH NET ASSET VALUE 4 757 Net other liabilities (28) Cash and cash equivalents 534 650 Cash retained for Atterbury guarantee Cash and cash equivalents Net other assets GROSS VALUE OF RMHP 3 599 Cash earmarked for Buchares
Slide 7: Portfolio discussion
SECTION 3 Portfolio discussion
Slide 8: Company Update
PAGE 8 COMPANY UPDATE ATTERBURY PROPERTY HOLDINGS ATTERBURY EUROPE • The net asset value of Atterbury Property Holdings remained flat for • The net asset value of Atterbury Europe reduced slightly (6.8%) from the six months ended 31 December 2020 at R343 million which, R2 151 million for the financi
Slide 9: Update on the Bucharest Opportunity
PAGE 9 UPDATE ON THE BUCHAREST OPPORTUNITY Return of cash earmarked for Bucharest opportunity to shareholders In November 2018, RMH Property entered into a partnership opportunity with Atterbury Europe and the Iulius Group to develop a new hub for business, entertainment, retail and residential livi
Slide 10: Company Update
PAGE 10 COMPANY UPDATE Divercity Integer Properties • Divercity’s net asset value decreased in the six months ended 31 • The portfolio is predominantly made up of single tenanted properties December 2020 to R136 million (from R143 million at 30 June 2020) with medium to long term leases which meant
Slide 11: Strategic framework
SECTION 4 Strategic framework
Slide 12: Reaffirming the Strategic Framework
PAGE 12 REAFFIRMING THE STRATEGIC FRAMEWORK RMH continues to follow a strategy of orderly monetisation 2 PRUDENCE 3 1 RMH is appropriately capitalised; albeit that lower interest rates have reduced the yield on the PARTNER AND ENHANCE working capital endowment. The MONETISE RMH Board adopts a pruden
Slide 13: RMH remuneration structure
SECTION 5 RMH remuneration structure
Slide 14: ib, \ LIBAN % ‘
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