Rmb Holdings Limited · JSE:RMH
Rmb — FY2024 Earnings Presentation
17 slides from Rmb's earnings presentation, Dec 9, 2024
Slide 1: RMH Investor Call
RMH INVESTOR CALL Results for the twelve months ended 30 September 2024 9 December 2024
Slide 2: Agenda
AGENDA 1 INTRODUCTION Brian Roberts 2 FINANCIAL PERFORMANCE Ellen Marais 3 OTHER MATTERS Brian Roberts 4 PORTFOLIO UPDATE 4.1 Integer Brian Roberts 4.2 Atterbury Armond Boshoff & Louis van der Watt 5 Q&A As appropriate 2
Slide 3: Introduction
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Slide 4: Introduction
INTRODUCTION • In line with its monetisation strategy, RMH achieved the following milestones over the past financial year: 3 June 2024 and 2 September 2024: 29 January 2024: 12 April 2024: Paid special dividends of R48 million and Paid a special dividend of R327 million Disposed of equity interest i
Slide 5: Financial Performance
2 FINANCIAL PERFORMANCE Results for the twelve months ended 30 September 2024
Slide 6: Financial Performance
FINANCIAL PERFORMANCE Relative distribution of assets (%) 12% Atterbury • For the period under review, RMH’s net asset value decreased from R1.449 billion as at 30 September 2024 as at 30 September 2023 to R919 million as at 30 September 2024. This decline Integer was primarily driven by: o the paym
Slide 7: RMH Net Asset Value
RMH NET ASSET VALUE BREAKDOWN OF RMH NET ASSET VALUE (R’million) NAV breakdown as at 30 September 2024 NAV breakdown as at 30 September 2023 7
Slide 8: Other Matters
3 OTHER MATTERS
Slide 9: Monetisation Strategy
MONETISATION STRATEGY MONETISATION STRATEGY • The market environment, narrow buyer universe, and limited liquidity remain challenges to monetisation of the portfolio within the stated timeframe, but management continue to explore opportunities to monetise the remaining assets in the portfolio in a m
Slide 10: Integer Portfolio
INTEGER PORTFOLIO SS INTEGER PROPERTIES sas RMH MM PROPERTY
Slide 11: Integer | Portfolio Update
INTEGER | PORTFOLIO UPDATE • All assets in Integer 1 have been disposed of, and the entity is in the process of being wound down. • The notable remaining assets in Integer 3 include the SSD (Alefbet) Head Office in Cresta (SSD is a call centre business); a purpose-built warehouse occupied by Roberts
Slide 12: Atterbury Portfolio
“ oo: RMH ATTERBURY MH PROPERTY ATTERBURY PORTFOLIO
Slide 13: Atterbury | Portfolio Update
ATTERBURY | PORTFOLIO UPDATE • As at 30 June 2024, Atterbury’s NAV increased by R142 million from R1 816 million to R1 958 million. This increase includes R325 million from the conversion of RMH’s loan to equity (at the June 2023 NAV) on 6 November 2023. • The overall valuation of the portfolio rose
Slide 14: Atterbury | Portfolio Update
ATTERBURY | PORTFOLIO UPDATE • Finance costs decreased by 13.5% to R507 million, primarily driven by debt settlements resulting from significant asset disposals and the settlement of the RMH loan. • Castle Gate, Newtown, The Club Precinct, Riverwalk and The Grove represent 80% of Atterbury’s propert
Slide 15: Atterbury | Portfolio Update
ATTERBURY | PORTFOLIO UPDATE Trading Density (m2) 8,289 7,823 Jun-24 Jun-23 5,807 5,787 5,592 5,487 5,102 4,655 4,517 4,138 4,112 3,751 3,480 3,603 3,257 3,154 2,947 2,581 2,029 2,046 1,817 1,877 NEW TOW N LA GRATITUDE CLUB ONE PEMBA RICHMOND GROVE MALL CLUB MEDICAL THE VILLAGE CLUB RETAIL DIE KLUBH
Slide 16: Atterbury | Development Pipeline
ATTERBURY | DEVELOPMENT PIPELINE Atterbury has the following developments in its pipeline: Name Description Estimated date of completion Industrial development including the expansion Richmond Park – Takealot Phase II November 24 of Takealot distribution centre Barlow Park - Phase II Residential Apr
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