Redefine Properties Limited · JSE:RDF
Redefine Properties — Investor Presentation (June 2023)
19 slides from Redefine Properties's investor presentation, Jun 1, 2023
Slide 1: Retail market in Poland
Retail market in Poland 1 June 2023
Slide 2: Market overview – retail sales & e-commerce
Market overview – retail sales & e-commerce Share of e-commerce in total retail sales (%) 15,0% 11,9% 11,9% 11,4% 11,4% 11,1% 10,8% 10,2% 10,0% 9,8% 9,5% 9,7%9,5% 9,5% 10,0% 9,1% 9,1% 9,1% 9,4% 8,6% 8,9%8,9%8,6% 8,9% 8,7%8,6% 8,1% 8,1% 8,4%8,4% 8,4% 8,3% 8,1% 7,7% 7,9% 7,3% 7,4% 6,5% 6,8% 6,1% 5,6%5
Slide 3: Market overview – retail sales breakdown
Market overview – retail sales breakdown Dynamic of retail sales Jan 2023 Feb 2022 March 2023 April 2023 vs (Fixed prices) vs Jan 2022 vs Feb 2022 vs March 2022 April 2022 Motor vehicles, motorcycles -1.7% +7.5% -1.2% -5.1% Solid, liquid and gas fuels -12.3% -26.2% -20.7% -14.5% Food, beverages and
Slide 4: Retail formats in Poland
Retail formats in Poland • 17 million m² GLA – modern retail stock Total retail stock across all formats in Poland (Q1 2023) 1% 9% shopping centres • 9.9 million m² GLA – shopping centre stock in 16% retail parks 410 shopping centres stand-alone retail warehouses • 261 m²/ 1,000 people – shopping ce
Slide 5: Selected key openings in Q1 2023 (1 of 2)
Selected key openings in Q1 2023 (1 of 2) FORT WOLA PA NOVA GLINIANKA PARK EMKA RETAIL PARK in Warsaw in Kłodzko in Łubna (Warsaw agglomeration) in Koszalin REDKOM LCP Investor Mayland RE Investor P.A. Nova Investor Investor Development Properties GLA (m2) 28,000 m2 GLA (m2) 17,000 m2 GLA (m2) 11,50
Slide 6: Selected key openings in Q1 2023 (2 of 2)
Selected key openings in Q1 2023 (2 of 2) M PARK ERA PARK VENDO PARK in Świdnik in Iława Zambrów LCP Trei Real Investor Investor Era Park Investor Properties Estate GLA (m2) 7,700 m2 GLA (m2) 7,000 m2 GLA (m2) 6,000 m2 Opening Q1 2023 Opening Q1 2023 Opening Q1 2023 Source: JLL, April 2023 (6)
Slide 7: Selected largest projects under construction
Selected largest projects under construction SUKCESJA KARUZELA POWER CENTER POWER CENTER in Łódź in Biała Podlaska in Koszalin Ostróda (redevelopment) Amush Karuzela Investor Investment Investor Investor Acteeum Investor Acteeum Holding Group GLA (m2) 28,000 m2 GLA (m2) 38,000 m2 GLA (m2) 25,000 m2
Slide 8: Retailer base
Retailer base New international brands emerge every year Rapidly expanding value retailers (8)
Slide 9: Origin of selected retail brands present in Poland
Origin of selected retail brands present in Poland Converse Jula NYX H&M Origins COS Skechers & other stories Bo Monki Michael Kors Trespass Concept Lee Weekday Agent Provocateur Netto Newbie Apple SportsDirect.com Pizza Papa John’s Jysk Steve Madden Tigger Kiehl’s Ecco TK Maxx Primark Pandora Guess
Slide 10: Prime rents in shopping centres
Prime rents in shopping centres Warsaw Sub-Warsaw Major agglomerations Rents for ground floor Cities 200 k–400 k units of approx. 100 m² in prime shopping centres Cities 100 k–200 k Cities 75 k–100 k 0 20 40 60 80 100 120 EUR/m²/month Source: JLL, April 2023 (10)
Slide 11: The largest shopping centre managers in Poland
The largest shopping centre managers in Poland 1,022,000 m² 683,000 m² 540,000 m² 522,000 m² 368,000 m² 310,000 m² 304,000 m² 290,000 m² 275,000 m² 247,000 m² 128,000 m² 125,000 m² 122,000 m² 101,000 m² 99,000 m² Source: JLL, April 2023 (11)
Slide 12: Retail investment market
Retail investment market (12)
Slide 13: Increased financing costs kept investment activity subdued in Q1 2023
Increased financing costs kept investment activity subdued in Q1 2023 9,000 office retail industrial hotel residential mixed 7,900 8,000 7,300 7,000 6,300 • Steep interest rate 6,000 6,000 5,600 increases continued to 5,100 5,100 lead to the re-pricing of EUR million 4,700 5,000 4,200 transactions 4
Slide 14: Transactions
Retail investment volumes 3,000 2,458 2,490 2,500 2,261 2,093 2,020 1,958 2,000 1,699 EUR million 1,577 1,525 1,500 1,391 1,401 1,061 1,070 993 1,000 702 574 500 407 301 156 134 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Q1 2023 60 54 50 46 43 40
Slide 15: Selected investment transactions Q1 2023 (1 of 2)
Selected investment transactions Q1 2023 (1 of 2) 4-PACK PORTFOLIO ATRIUM MOLO EUROPA CENTRALNA F. AUCHAN in Szczecin, Wałbrzych, in Szczecin in Gliwice in Mysłowice Strzegom, Koszalin GLA (m2) 28,000 m2 GLA (m2) 67,000 m2 GLA (m2) 19,200 m2 GLA (m2) 15,000 m2 EUR 46.3 est. ca. EUR Sales price Sales
Slide 16: Selected investment transactions Q1 2023 (2 of 2)
Selected investment transactions Q1 2023 (2 of 2) FERIO LEGNICA CARREFOUR (EX-TESCO) M PARK MULTIKINO in Legnica in Suwałki in Rawa Mazowiecka in Warsaw GLA (m2) 13,200 m2 GLA (m2) 8,700 m2 GLA (m2) 3,900 m2 GLA (m2) 7,000 m2 est. ca. EUR Sales price Confidential Sales price Confidential Sales price
Slide 17: Selected investment transactions 2022
Selected investment transactions 2022 FORUM GDAŃSK ATRIUM COPERNICUS GALERIA ANDRYCHÓW CUPRUM RETAIL PARK in Tri-City in Toruń in Andrychów in Lubin GLA (m2) 63,700 m2 GLA (m2) 48,100 m2 GLA (m2) 24,000 m2 GLA (m2) 13,400 m2 EUR 250 EUR 126.9 est. EUR 40 Sales price Sales price Sales price Sales pri
Slide 18: Questions and answers
Questions and answers (18)
Slide 19: Thank You
Thank You
Redefine Properties — Investor Presentation (June 2023) on 6ix