Slide 1: Gauteng Property Tour
GAUTENG PROPERTY TOUR Investor information 02 August 2018
Slide 2: Introduction
INTRODUCTION Niche market focus • Exemplar is focused on dominant retail property in under-serviced, peri- urban township and rural areas • Established and less cyclical consumer spending patterns in this segment • Have accumulated strong, unrivalled knowledge of this retail market and opportunity •
Slide 3: Executive Management Team
EXECUTIVE MANAGEMENT TEAM Jason McCormick Duncan Church John McCormick Chief Executive Officer Chief Financial Officer Executive Director Post an MBA at Stanford University, Jason joined McCormick Property Duncan completed his articles at PKF John commenced his career in the Development in 2002 and
Slide 4: Portfolio Overview
PORTFOLIO OVERVIEW 6 Gauteng A3C ATTERIDGE STADIUM CENTRE ose Pe MALL pew ae OLIEVENHOUT PLAZA ODJADJI La PLAZA Free State : ba wan Northern Cape Eastern Cape Western Cape — LUSIKI bd
Slide 5: Portfolio Overview (cont.)
PORTFOLIO OVERVIEW (CONT.) Top 10 tenants(ii) % of rent Geographic spread(i) % of leased area 12% Eastern Cape Limpopo 4% 16% 5% Gauteng 42% 4% 3% Mpumalanga 23% 3% Kwazulu-Natal 15% 3% Lease expiry profile(i) By revenue 2% 35.0% 2% 20.7% 20.5% 2% 12.8% 10.7% 2% 0.3% Total of Top 10 38% Monthly 2019
Slide 6: Financial Overview
FINANCIAL OVERVIEW Summarised consolidated forecast Reconciliation to distributable income 9 months 9 months ending Year ending ending Year ending R’000 Feb 2019 Feb 2020 R’000 Feb 2019 Feb 2020 Rental income and recoveries 510 088 777 127 Profit for the year attributable to shareholders 191 585 296
Slide 7: Financial Overview (cont.)
FINANCIAL OVERVIEW (CONT.) Summarised consolidated pro-forma balance sheet (pre-new developments) R’000 Pro forma (i) Investment property and operating lease asset 4 907 843 Other non-current assets 9 781 Current assets 261 376 Trade and other receivables 40 906 Cash and cash equivalents 139 219 Fin
Slide 8: Growth and Prospects
GROWTH AND PROSPECTS Growth will primarily be achieved organically through escalations embedded in the portfolio, active asset management and the benefits of gearing Additional growth to be achieved through acquisition of yield enhancing assets with metrics consistent with those of existing port
Slide 9: Olievenhout Plaza – Investment highlights
OLIEVENHOUT PLAZA Valuation (100%) R267 million GLA (m2)(i) 17 111 Occupancy(ii) 100% Investment highlights Weighted ave. rental (R /m2 / month)(ii) 128 WALE (years)(iii) 1.8 Trading density (R/m2)(iv) 39 504 per annum Rent-to-sales(iv) 2.9% Catchment area(v) 15 030 households Footfall N/A – open ce
Slide 10: Olievenhout Plaza – Key tenants
OLIEVENHOUT PLAZA (CONT.) Rights of 20 000sqm GLA in place; therefore the potential expansion and redevelopment opportunity provides significant upside to Exemplar shareholders upon re-tenanting the redevelopment Pilot PV system installed with over one year of data supporting the investment case
Slide 11: Diepkloof Square – Investment highlights
DIEPKLOOF SQUARE Valuation (100%) R272 million GLA (m2)(i) 15 778 Occupancy(ii) 100% Investment highlights Weighted ave. rental (R /m2)(ii) 137 WALE (years)(ii) 7.1 Trading density (R/m2)(iv) 40 170 per annum Rent-to-sales(iv) 3.2% Catchment area 58 379 households Footfall N/A Number of stores 48 Pa
Slide 12: Diepkloof Square – Key tenants
DIEPKLOOF SQUARE (CONT.) Key tenants Retail mix % of leased area Vacant Butchery Cellphones Services 0% 6% 1% 2% Supermarket Fashion & Shoe 31% retail 12% Fast food & Restaurant 10% Financial services Health & beauty 8% Speciality 6% 17% Household Liquor goods 2% 5% 12
Slide 13: Chris Hani Crossing – Investment highlights
CHRIS HANI CROSSING Valuation (100%) R930 million GLA (m2)(i) 40 546 Occupancy(ii) 100% Investment highlights Weighted ave. rental (R /m2)(ii) 159 WALE (years)(iii) 2.4 Trading density (R/m2)(iv) 42 046 per annum Rent-to-sales(iv) 3.0% Catchment area(v) 185 190 households Footfall(vi) 785 007 per mo
Slide 14: Chris Hani Crossing – Key tenants
CHRIS HANI CROSSING (CONT.) The shopping centre had the most successful opening day for McDonald’s at the time of opening in November 2010 Key tenants Retail mix % of leased area Services Vacant Butchery 3% 0% 2% Cellphones 1% Fashion & Shoe retail Supermarket 33% 31% Speciality Fast food & 6% Res
Slide 15: Tsakane Mall – Investment highlights
TSAKANE MALL Valuation (100%) R770 million GLA (m2)(i) 39 354 Occupancy(ii) 100% Investment highlights Weighted ave. rental (R /m2)(ii) 135 WALE (years)(iii) 1.6 Trading density (R/m2)(iv) 38 281 Rent-to-sales(iv) 2.8% Catchment area(v) 187 076 households Footfall N/A Number of stores 121 Parking ba
Slide 16: Tsakane Mall – Key tenants
TSAKANE MALL (CONT.) Key tenants Retail mix % of leased area Vacant Butchery Services 0% 2% Cellphones 3% 1% Fashion & Supermarket Shoe retail 31% 33% Fast food & Restaurant Speciality 4% 6% Liquor 1% Household Health & Financial goods beauty services 7% 3% 9% 16
Slide 17: Alex Mall – Investment highlights
ALEX MALL Valuation (100%) R502 million GLA (m2)(i) 29 565 Occupancy(ii) 97% Investment highlights Weighted ave. rental (R /m2)(ii) 132 WALE (years)(iii) 5.6 Trading density(iv) 27 908 Rent-to-sales(iv) 4.4% Catchment area(v) 62 693 households Footfall(vi) 901 690 per month Number of stores 97 Parki
Slide 18: Alex Mall – Key tenants
ALEX MALL (CONT.) Key tenants Retail mix % of leased area Vacant Butchery Services 5% 3% Cellphones 3% 0% Supermarket Fashion & 19% Shoe retail 33% Speciality 11% Fast food & Restaurant 6% Liquor 3% Financial Household services goods Health & beauty 5% 4% 8% 18
Slide 19: Delivering to Our Customers' Needs
DELIVERING TO OUR CUSTOMERS NEEDS 19
Slide 20: Thank You
THANK YOU 20