Redefine Properties Limited · JSE:RDF
Redefine Properties — Investor Presentation (June 2023)
15 slides from Redefine Properties's investor presentation, June 2023
Slide 1: European Logistics Investment Platform Presentation
European Logistics Investment Platform Presentation Prepared for Redefine’s Polish Asset Tour Gdańsk (LPP) Strictly private and confidential June 2023
Slide 2: The Leading Investment and Asset Manager
THE LEADING INVESTMENT AND ASSET MANAGER The most active and innovative investor in private equity and real estate in CEE EUR 8+ BN gross asset value across 16 platforms ACTIVELY MANAGED INVESTMENT PLATFORMS STRATEGIC INVESTORS
Slide 3: European Logistics Investment (ELI)
EUROPEAN LOGISTICS INVESTMENT („ELI”) Dynamically developing logistics platform; Fully focused on the Polish market; Delivering high-quality facilities in the most sought-after locations; 86% of stading assets (&100% of newly built) already BREEAM certified; Established in 2018, formed in partnershi
Slide 4: European Logistics Investment: Key stakeholders
European Logistics Investment Key stakeholders JV Partner | 48.5% shareholding JV Partner | 46.5% shareholding JV Partner | 5% shareholding Asset SPV’s Investment & Asset Manager Development Manager Shareholder in selected projects 4
Slide 5: Platform overview
Platform overview Kraków Greencell
Slide 6: Portfolio Overview Summary
Portfolio Overview Summary Portfolio overview summary Warehouse GAV Total GLA Pro-forma NOI rent Occupancy / Capital value WAULT [€m] [sqm] [€m] [€psqm/ Pre-let [€psqm] at 5.92%(1) month] Contracted + at 100% at 100% Spec/vacant % years at 100% at 100% ERV Standing assets 914,027 50.0 4.13 92% 6.0 8
Slide 7: Portfolio overview: ELI portfolio aligned with key logistics hubs
Portfolio overview ELI portfolio aligned with key logistics hubs Selected KPIs Portfolio overview 30 10 30 Logistics projects within 10 logistics hubs throughout Poland Tricity 914k 1,245k Szczecin Warsaw (inner city + suburbs) Białystok Standing assets GLA (k sqm) Total Potential GLA (sqm) Bydgoszc
Slide 8: ELI platform: Development progress since establishment
ELI platform Development progress since establishment 2024 2022 Full utilization of the current development 2021 2022: pipeline by Q3-2024 Delivery of 6 new projects, 4 add-on GLA of projects secured already Platform roll-out phases on existing parks and 2 exceeding the 1m sqm target despite Complet
Slide 9: ELI set a course on sustainability for Planet, People, Business
ELI set a course on sustainability for Planet, People, Business European Logistics Investment’s BREEAM certified buildings receive high scores in categories such as: Water Sustainable development – which assesses water consumption and is aimed at reducing the for the Planet, People, Business consump
Slide 10: Asset Management – Top Trends
Asset Management – Top Trends • Robust tenant demand – 2022 record high of 32 leases signed for over 320,000 sqm of GLA and €17.1m NOI (approx. one third of the entire portfolio GLA). • Strong rental growth of over 20% - Average signed warehouse rent above €4.00 in 2022 – with €4.93 average signing
Slide 11: Market overview
Market overview Central Silesia III
Slide 12: Logistics market – Poland (1/3)
Logistics market – Poland (1/3) Comment Investment volume and prime yield– Poland (€m / %) • Robust macro in Poland over years combined with improving 3,000 10.00% connectivity of Polish cities and integration into European transit 9.00% 2,500 corridors has created a great environment for rapid grow
Slide 13: Logistics market - Poland (2/3)
Logistics market - Poland (2/3) Warsaw as the largest and most established industrial market in Poland Existing stock (m sqm) Key logistics submarkets - Poland 5.6 5.0 29.0 m sqm Tricity 4.5 Poland 3.8 3.7 Q4-22 Białystok Szczecin Bydgoszcz-Toruń 2.0 1.3 1.3 1.1 Western Warsaw 0.8 Poland Cental Pozn
Slide 14: Logistics market – Poland (3/3)
Logistics market – Poland (3/3) Average rents development Average rents development – major markets in Poland (2020-2022) • Poland recorded an unprecedent headline rent increase up to ca. 30% y-o-y as well as headline-effective rental gap decrease by ca. 15 pp over 2022 to ca. 15%. Poznan Central Po
Slide 15: Thank you
Thank you ELI Investor Presentation Strictly private and confidential May 2023
Redefine Properties — Investor Presentation (June 2023) on 6ix