Visual International Holdings Ltd. · JSE:VIS
Visual International — IPO Roadshow (March 2014)
26 slides from Visual International's IPO roadshow presentation, March 2014
Slide 1: Investor Pre-Listing Presentation for AltX Listing
I N V E S TO R P R E - L I S T I N G P R E S E N TAT I O N FOR AltX LISTING IN E A R LY A P R I L 2 0 1 4 PROSPECTUS APPROVED BY JSE
Slide 2: Visual is a South African property development, holdings and services company
Visual is a South African property development, holdings and services company based in Cape Town Develops complete, self-contained suburbs for the middle-income market Focused on long-term value creation - emphasis on NAV per share Valued at R126,479,388 Long-term EPS growth forecast: 19.00% per ann
Slide 3: The fastest growing income segment in South Africa
The fastest growing income segment in South Africa This market is targeted by companies like Shoprite, Capitec and Curro Visual specialises in developments aimed at supplying this market The majority of consumers in this market cannot afford to buy their own home Visual sells to investors who provid
Slide 4: Visual represents an attractive investment opportunity
Visual represents an attractive investment opportunity Replicable, sustainable, proven business model in the middle income market Strong profit and asset growth underpinned with a solid net asset value Strong demand for products and services High quality of products and services Strategic property h
Slide 5: Visual develops quality living experiences for the middle-income market
Visual develops quality living experiences for the middle-income market Develops complete and secure suburbs comprising houses, apartments, retirement accommodation, schools, offices, retail, recreation facilities, etc. Implements all services inc. infrastructure, security, buildings, landscaping an
Slide 6: Present vs planned business model
Income from existing properties will be redeployed into capital growth projects spurring NAV growth Visual intends to increase ownership of its developments from 15% over time to benefit from the growth in profits to be had from greater annuity income PRESENT PLANNED SELL HOLD SELL HOLD MANAGE DEVEL
Slide 7: On average, more than half of Visual's projects are sold prior to construction
On average, more than half of Visual's projects are sold prior to construction Visual conducts careful market research and extensive consultation with purchasers and tenants Visual seeks fixed price contracts with construction companies and professionals The management team has more than 70 years of
Slide 8: Group structure and shareholding
Visual International Holdings Ltd SHAREHOLDING CKR AND RAL TRUSTS: 64% PUBLIC: 26% MINORITIES: 10% Visual International (Pty) Ltd (100%) Property Property Property Property Development Holdings Services Sales Division Division Division STELLENDALE VILLAGE (100%) DREAM WEAVER (50%) PROPERTY THE VISUA
Slide 9: Charles K Robertson, Peter Grobbelaar, Grant Noble
Charles K Robertson (M. Com., PhD) – MD and CEO 37 years in the property development business Involved in the development of, among others: N1 City, Cape Town Western Province Park, Goodwood Boschenmeer Golf Estate, Paarl Myburgh Park, Langebaan Peter Grobbelaar (B. Sc. Bldg., B. Com) – Projects Dir
Slide 10: Board of directors: Richards and Ranchod
Dr. Ruben Richards – Non-executive Chairman Proven track record ensuring organisations conform to new standards of integrity, profitability and compliance - in keeping with the imperatives of good governance Deputy Chairperson, communiTgrow (Pty) Ltd, an urban development agency with a vision to bui
Slide 11: Board of directors: Kadalie and Links
Reuben Kadalie – Non-executive Director; Chairman, Ethics Committee Senior manager in the Strategic Initiatives & Implementation Unit of the Council for Scientific and Industrial Research (CSIR) Operations manager of the National Cleaner Production Centre, a resource efficiency programme of the DTI
Slide 12: Board of directors: Vorster and Lundy
Theo Vorster – Non-executive Director CEO of Galileo Capital Chairman of the South African Institute of Behavioral Finance Non-executive director of Afgri Former CEO of PSG Online Securities, one of the largest private client stockbroking firms in SA Regular commentator on RSG Geldsake, Moneyweb rad
Slide 13: Stellendale Property Development, Northern Suburbs, Cape Town
Stellendale Property Development, Northern Suburbs, Cape Town Mixed use residential, commercial and retail precinct - Capex of ±R2bn
Slide 14: Stellendale Property Development
Stellendale Property Development Stellendale 1 (Completed) Residential. 340 units. R170m. Caltex Fresh Stop (Completed) Stellendale 2 Residential. 594 units. R300m. Stellendale Lifestyle Retirement Village. 844 suites. R287m. Stellendale Park Commercial. 47,000m2 GLA. R1.37bn. Stellendale School Sit
Slide 15: Other Property Developments
Other Property Developments Development Description Total Size Value Status Burgundy Lifestyle, Retirement 200 suites R68m Planning Richwood, Cape Town Village Signal Hill Village, Security Estate 90 units R31m Approved Machadodorp, Mpumalanga King Arthur Estate, Security Estate 73 units R29m Approv
Slide 16: Property Holdings Division – providing rental income
Property Holdings Division – providing rental income Holdings Division Current holding Planned holding Revenue Stellendale Village 27 units 105 units R5.4m Stellendale Lifestyle 0 suites 352 suites R7.6m Stellendale Park 0m2 19,000m2 R34.1m Visual Biscuit Parking 150 bays 150 bays R0.8m
Slide 17: Property Services
Property Services Services Division Description Property Total property management solutions and services Management Supply, installation, maintenance and operation of an Visual Utilities innovative thermodynamic hot water system as part of value- added services Stellendale Entrance
Slide 18: Property Sales
Property Sales Sales Division Description A property investment club providing high net worth investors with a uniquely powerful wealth-creation The Visual Property Club tax incentive - leveraging off Article 13 of the South African Income Tax Act
Slide 19: Abridged forecast income statement
Abridged forecast income statement(R’s) FY 2014 FY 2015 Property Development - 129 025 806 Cost of sales (270 381) (73 465 774) Other income 32000000 - Investment income 545 186 2 213 048 Rental received 1 736 166 4 164 469 Management fees received 1024224 1 024 224 Utilities sales 69 689 150 700 In
Slide 20: Comparison with other listed property and construction companies
Comparison with other listed property and construction companies Brief description LT EPS D/E ROA ROE Mcap Name Growth P/B P/E of activities (Rm's) forecast % % % Acucap PLS; Development 7 705 5.70% 1.97 6.48 111.00 10.45 24.43 Properties and holding Property investment Attacq 10 600 20.00% 1.93 13.
Slide 21: Salient Features
Salient Features Funds raised on listing R33 000 000 Cost capitalised against funds R2 300 000 Net proceeds from listing R30 700 000 Price per share 50 cents Company valuation R126,479,388 Total number of shares on listing 255,458,775 Free float shares 66,000,000 (26%) Caltex Service Station at Stel
Slide 22: Project funds required
Project Funds required Acquisition of 63 units in Stellendale 2 R5 235 090 Construction of first 2 phases R16 364 910 of Stellendale Lifestyle Working capital required R9 100 000 Total R30 700 000 Stellendale 2
Slide 23: Auditors, sponsors and advisors
Auditors: Baker Tilly Greenwoods Sponsors: Arcay Moela Attorneys: Van Der Merwe & Robertson Inc. Corporate advisors: Prescient Wealth Management Media communications: Marketing Concepts Branding and marketing: Creative Mix Presentation facilitation: DEMS Consulting Stellendale Park: planned telecomm
Slide 24: Disclaimer
This presentation has been prepared by Visual International Holdings Ltd (“Visual”) exclusively for the benefit and internal use of the person(s) to whom this presentation has been addressed (the “Addressee”). In addition, the Addressee is deemed to have accepted responsibility for ensuring the conf
Slide 25: View over Stellendale looking north
View over Stellendale looking north
Slide 26: Contact and prospectus download
To discuss a personal presentation please contact Charles Robertson 076 839 9166 or e-mail info@visualinternational.co.za To download the Prospectus, a Share Application Form, a copy of this presentation as a PDF or for details of Venues and Dates of Scheduled Investor Presentations please visit: ww
Visual International Holdings — IPO Roadshow (March 2014) on 6ix