Dipula Properties Limited Class B · JSE:DIB
Dipula Properties Limited Class B — Corporate Update (August 2022)
15 slides from Dipula Properties Limited Class B's corporate update, Aug 31, 2022
Slide 1: Pre-Close Business Update
Sustainable Property Returns PRE-CLOSE BUSINESS UPDATE FOR THE PERIOD ENDING 31 AUGUST 2022
Slide 2: Business Update, Looking Ahead, Questions & Answers
01 BUSINESS UPDATE 02 LOOKING AHEAD 03 QUESTIONS & ANSWERS Pre-close business update for the period ending 31 August 2022
Slide 3: Business Update
01 BUSINESS UPDATE 14 KRAMER KRAMERVILLE Pre-close business update for the period ending 31 August 2022
Slide 4: Strategy
STRATEGY Remaining Buying Managing SHAREHOLDER VALUE CREATION disciplined well brilliantly SA ▪ Geographically diversified OUR VALUE PROPOSITION focused ▪ Economically active locations ▪ A retail weighted REIT that is growing, improving and ▪ Increase retail exposure (convenience, community, de-risk
Slide 5: Business Update
BUSINESS UPDATE UPDATE UPDATE OPERATIONAL PERFORMANCE COVID-19 ▪ Year-to-date performance in-line with guidance ▪ Covid insurance claim negotiations are ongoing ▪ Average monthly collections over 11 months amounted to 98% DEBT FUNDING (September 2021 to July 2022) ▪ R1.2 billion of debt refinanced a
Slide 6: Retail Portfolio
RETAIL PORTFOLIO MARKET UPDATE LEASING (March 2022 – July 2022) TRADING UPDATE NEW LEASES ▪ Anchor tenant turnovers up 5% y-o-y ▪ 14 082m² let with an average lease period of 3.6 years ▪ Obtained an eviction order against the Post Office ▪ Rentals 5.0% below asking rentals with weighted average esca
Slide 7: Office Portfolio
OFFICE PORTFOLIO MARKET UPDATE LEASING (March 2022 – July 2022) TRADING UPDATE NEW LEASES ▪ Tenants downsizing or vacating ▪ 1 639m² let ▪ Some good uptake of space at Avanti and Firestation Rosebank ▪ Average lease period 3.7 years ▪ Negotiating with DPW on expiring leases ▪ Rentals 7.3% above aski
Slide 8: Industrial Portfolio
INDUSTRIAL PORTFOLIO MARKET UPDATE LEASING (March 2022 – July 2022) ▪ Lowest vacancy in the portfolio NEW LEASES ▪ Range Road mini units to be completed prior to December 2022 ▪ 4 344m² let ▪ Average lease period 3.1 years ▪ Experiencing good letting fundamentals ▪ Rentals were 1.0% above asking ren
Slide 9: Residential Portfolio
RESIDENTIAL PORTFOLIO VACANCY JULY 2022 : 5.5% (FEB 2022: 18.0%, JULY 2021: 19.0%) LEASING ACTIVITY BY NUMBER OF UNITS RENEWED NEWLY LET VACANT TOTAL NORWOOD 7 4 1 12 PALM SPRINGS 159 240 29 428 URBAN VILLAGE MIDRAND 68 63 8 139 URBAN VILLAGE BRUMA 64 68 1 133 TOTAL 298 375 39 712 AVERAGE RENTALS AV
Slide 10: ESG Update
ESG UPDATE ENVIRONMENTAL AND SUSTAINABILITY ENVIRONMENTAL AND SUSTAINABILITY ENERGY WATER • Approach • Approach • Key objective: C02 emissions reduction and sustainable • Key objective: Reduce water usage supply • Identify areas of wastage • On-grid and off-grid solutions based on price benefit • Im
Slide 11: ESG Update
ESG UPDATE CSI GOVERNANCE • Approach • Approach • Focus on communities where our assets are located • Board succession plan in the process of implementation • Prioritise education & training, sports & recreation, community • It is expected that between 50% and 60% of independent non-exec well-being,
Slide 12: Looking Ahead
02 LOOKING AHEAD FIRESTATION ROSEBANK Pre-close business update for the period ending 31 August 2022
Slide 13: Prospects
PROSPECTS Focus on balance sheet strength Accelerate non-core sales to recycle capital into revamps and solar projects DRIPs a possible funding source post A-share buy-back Build scale in our retail business to better leverage relationships and utilise economies of scale Proactively address share li
Slide 14: Questions & Answers
03 QUESTIONS & ANSWERS Pre-close business update for the period ending 31 August 2022
Slide 15: Disclaimer
DISCLAIMER Certain statements contained in this document constitute forward-looking information. Forward-looking information may relate to Dipula Income Fund Limited’s (“the Company”) future outlook and anticipated events or results and may include statements regarding the financial position, busine