Exemplar Reitail Ltd. · JSE:EXP
Exemplar Reitail — Non-Deal Roadshow (August 2022)
15 slides from Exemplar Reitail's roadshow presentation, August 2022
Slide 1: Exemplar REITail Roadshow August 2022
Exemplar REITail Roadshow AUGUST 2022
Slide 2: Introduction
INTRODUCTION INVEST TO OWN FOR THE LONG TERM: We invest to own for the long term, with options to acquire retail assets developed Exemplar is a market leading We are the only South by McCormick Property Development (Pty) Ltd (MPD) that developer, owner and African fund focused We provide are congrue
Slide 3: Executive Management Team
EXECUTIVE MANAGEMENT TEAM Jason McCormick (43) John McCormick (77) Position: CEO Position: Executive director Board committees: Social and Ethics Date of appointment: January 2018 Date of appointment: January 2018 Qualifications: BComm (Economics), Qualifications: BComm (Economics and MBA (Finance)
Slide 4: Organogram
ORGANOGRAM The John McCormick Family Trust 73.1% (via various subsidiaries including McCormick Property Development (Pty) Ltd, which itself owns 60.3% in Exemplar REITail Ltd) 23 RENTAL PRODUCING PROPERTIES with total GLA of 2 DEVELOPMENTS Exemplar REITail Ltd 382 483sqm under construction
Slide 5: Portfolio
PORTFOLIO With in excess of 450 000sqm of GLA under internal management, our team ensures we provide the best service GAUTENG and experience for our key Limpopo stakeholders, including our co-owners, tenants and community members. MPUMALANGA NORTH WEST FREE STATE KWAZULU-NATAL NORTHERN CAPE EASTERN
Slide 6: Portfolio Performance
PORTFOLIO PERFORMANCE As at 1 July 2022: Top 10 tenants % of Rent GROUP 16.8% 9.7% National tenants National tenants 5.6% comprise comprise 5.1% c.78.4% of total tenants c.81.0% of Gross by basic rentals Lettable Area (GLA) 4.2% GROUP 3.4% 2.8% 2.3% 2.0% 1.9% TOTAL TOP 10 53.8% * As at 1 July 2022
Slide 7: Portfolio Performance Continued
PORTFOLIO PERFORMANCE CONTINUED Lease expiry profile By GLA By revenue Vacant (March 2022) 3.26% Monthly 2.95% 2.31% February 2023 16.27% 19.19% WALE: 36 months* February 2024 23.59% 24.92% *As at 1 August 2022 February 2025 14.18% 15.43% February 2026 17.77% 17.22% After February 2026 25.24% 20.93%
Slide 8: Acquisitions Since Listing
ACQUISITIONS SINCE LISTING KATALE SQUARE MABOPANE SQUARE MALL OF THEMBISA 8 734sqm 10 398sqm 44 780sqm Marapyane, Mpumalanga Mabopane, Gauteng Thembisa, Gauteng
Slide 9: Normalised Statement of Profit or Loss and Other Comprehensive Income
N O R M A L I S E D S TAT E M E N T O F P R O F I T O R L O S S AND OTHER COMPREHENSIVE INCOME Rand FY2022 FY2021 FY2020 Rental income and recoveries 938 578 156 821 669 596 727 689 878 Rental income and recoveries before operating lease equalisation 947 339 445 815 268 234 744 606 480 Operating lea
Slide 10: Dividend History
DIVIDEND HISTORY Cents per share FY2022 FY2021 FY2020 Interim 45,3 36,0 43,8 Final 72,3 49,1 48,5 Actual dividend paid 117,6 85,0 92,3 38.3% -7.8% Adjusted for: Covid-19 rental assistance and extraordinary credit losses 0,5 14,6 - Reversal of effects of derivative settlement fee paid 12,6 12,5 - Nor
Slide 11: Key Balance Sheet Measures
KEY BALANCE SHEET MEASURES FY2022 FY2021 FY2020 Total assets (R'000) 7 518 900 6 738 606 5 663 873 Interest bearing debt (R'000) (2 666 134) (2 569 333) (2 062 811) Rate 3m JIBAR +1.91% 3m JIBAR +1.91% 3m JIBAR +1.91% Unutilised facilities (R'000) 904 000 291 667 798 189 NAV (R/share) 12,75 10,94 11
Slide 12: Operational Performance
O P E R AT I O N A L P E R F O R M A N C E August 2022 FY2022 FY2021 FY2020 Anchor tenants trading densities 4 847 4 343 3 965 3 737 (R/sqm/month) Rental through-rate 151,75 150,36 143,41 136,58 (R/sqm/month) Vacancies 2.80% 3.26% 5.30% 3.34%
Slide 13: Growth Prospects
GROWTH PROSPECTS Growth primarily to be achieved Currently under construction by Exemplar: through development and acquisition • KwaBhaca Mall, Mt Frere, Eastern Cape. (particularly of the MPD pipeline). Opening October 2022. • Bizana Walk, Bizana, Eastern Cape. Opening November 2022. Currently unde
Slide 14: MPD Pipeline and Potential Acquisitions
MPD PIPELINE AND POTENTIAL ACQUISITIONS Exemplar holds a right of first refusal over the entire MPD pipeline. Subject to qualifying criteria, the intention is to acquire all of MPD’s projects upon completion. MPD’s pipeline currently consists of 31 centres, totalling 722 223sqm: • 461 023sqm current
Slide 15: MPD Immediate Pipeline
M P D I M M E D I AT E P I P E L I N E MAMELODI SQUARE TSHAKHUMA CORNER CAPITAL MALL 16 533sqm 23 000sqm 52 000sqm Mamelodi, Gauteng Thohoyandou, Limpopo Tshwane, Gauteng Envisaged acquisition by Exemplar in Projected completion date October 2022 September 2023