Hyprop Investments Limited · JSE:HYP
Hyprop Investments — Corporate Update (June 2026)
29 slides from Hyprop Investments's corporate update, June 2026
Slide 1: Pre-close Operational Update
Pre-close Operational Update five months ended 31 May 2026
Slide 2: South Africa Trading performance
South Africa Trading performance Clearwater Mall Gauteng, South Africa
Slide 3: SA trading performance – 5 year trends
SA trading performance – 5 year trends 3 South Africa – 12 months ended May (Year-on-year % change) 1.7% 5.9% 0.6% 5.6% 5.9% 9.9% 8.8% 8.7% 8.2% 8.1% 0.0% - 15.0% Other Metrics Effort Ratio 0 - 100 6.0% 6.8% 4.3% 12.7% 10.2% 5.9% 5.0% 14.0% 5.4% 13.8% 6.9% 0.6% 1.5% 3.1% 7.4% 2021/2022 2022/2023 202
Slide 4: SA trading performance
SA trading performance 4 For the five-month period Tenants’ turnover (R’m) Trading density (R) 7.0% 5.4% 6.0% 6.4% 3.0% 6.6% 4.7% 4.3% 4.6% 1.7% Millions 0 – 3 000 0 – 4 500 Jan Feb Mar Apr May Jan Feb Mar Apr May Foot count (m) Vehicle count (‘000) 4.4% 1.8% 1.8% 0.9% 1.4% 4.4% 2.1% 2.0% 4.4% 4.9%
Slide 5: SA leasing activity
SA leasing activity 5 Reversions (% of area) Retail Office Total Rental reversions (weighted average based on GLA) Renewal reversion rate* 1.6% (0.5%) 1.4% * Relates to 16.5% of portfolio GLA 0 – 70 New deal reversion rate^ 32.8% 75.2% 40.3% ^ Relates to 4.6% of portfolio GLA Overall reversion rate#
Slide 6: Completed project: The Glen
Completed project The Glen Gauteng Solar-PV (3 205 kWp) installation – completed in June 2026
Slide 7: Completed project: Somerset Mall
Completed project Somerset Mall Western Cape Bathroom upgrade – completed in April 2026
Slide 8: Project in progress: Hyde Park Corner
Project in progress Hyde Park Corner Gauteng Solar-PV (946 kWp) and battery energy storage system (BESS) (6 MWh) – scheduled for completion end July 2026
Slide 9: Project in progress: Somerset Mall
Project in progress Somerset Mall Western Cape Phase 2 expansion (section 2): food court – scheduled for completion end August 2026
Slide 10: Project in progress: CapeGate
Project in progress CapeGate Western Cape Solar-PV (4 991 kWp) installation – scheduled for completion in August 2026
Slide 11: Project in progress: Canal Walk
Project in progress Canal Walk Western Cape Otter Pedestrian Bridge to Century City – scheduled for completion in June 2026 Crystal Tower Pedestrian Bridge link to Century City – scheduled for completion in November 2026
Slide 12: Project in progress: Woodlands
Project in progress Woodlands Gauteng Centre widening project – scheduled for completion in November 2026
Slide 13: Project in progress: Canal Walk and Somerset Mall
Canal Walk Somerset Mall Project in progress Canal Walk Western Cape Somerset Mall Western Cape Solar-PV (7 665 kWp) Solar-PV (5 040 kWp) – anticipated completion in February 2028 – anticipated completion in August 2027
Slide 14: Eastern Europe Trading performance
Eastern Europe Trading performance Skopje City Mall Skopje, North Macedonia
Slide 15: EE trading performance – 5 year trends
EE trading performance – 5 year trends 15 Eastern Europe – 12 months ended May (Year-on-year % change) 4.3% 6.4% 11.2% 14.6% 15.8% 0.0% - 20.0% Other Metrics Effort Ratio 0 - 70 11.0% 10.3% 9.9% 10.0% 9.9% 1.3% (1.2%) 0.4% 14.6% 11.6% 18.7% 10.0% 3.3% 4.1% (2.0%) 14.3% 11.0% 5.5% 3.8% 10.1% 2021/202
Slide 16: EE trading performance
EE trading performance 16 For the five-month period Tenants’ turnover (€’m) Trading density (€) 11.1% 2.6% 5.3% 1.7% 2.3% 10.3% 1.9% 4.5% 1.9% 2.9% 0 – 400 0 – 80 Jan Feb Mar Apr May Jan Feb Mar Apr May Foot count (m) Vehicle count (‘000) 4.6% 6.4% 6.5% 3.1% 4.5% (7.2%) 0.9% 6.8% (9.7%) (3.3%) 300 –
Slide 17: EE leasing activity
EE leasing activity 17 Reversions (% of area) Retail Rental reversions (weighted average based on GLA) Renewal reversion rate* 2.7% * Relates to 13.7% of portfolio GLA 0 – 80 New deal reversion rate^ 7.4% ^ Relates to 2.6% of portfolio GLA Overall reversion rate# 3.4% 21 72 7 58 40 27 60 13 # Relate
Slide 18: Project in progress: CCo East and CCo West
City Center one West City Center one East Project in progress CCo East and CCo West Zagreb, Croatia Solar projects
Slide 19: Galleria Burgas
Galleria Burgas Alignment with Group strategy • Supports strategy to increase EE exposure and benefit from macro tailwinds • Opportunity to unlock further value through active asset management initiatives Portfolio fit • Expands our presence in EE (superior risk-adjusted returns) • Leverages Hyprop’
Slide 20: Treasury update
Treasury update Canal Walk Cape Town, South Africa
Slide 21: Treasury update
Treasury update 21 Cash and undrawn facilities – May 2026 Cash balances Liquidity ABSA 6 4 FNB 22 12 Nedbank Standard Bank 3 R1.66bn Cash 8 R1.7bn Investec R3.6bn Available facilities Komercijalna Banka AD Skopje R1.97bn 5 14 DSK Bank Raiffeisen Bank Austria d.d. 8 Erste Group Bank 18 Other Borrowin
Slide 22: Group borrowings maturity profile
Group borrowings maturity profile 22 Rand equivalent (R’m) December 2025 600 2 506 0 – 4 000 750 250 973 389 1 099 500 740 760 867 682 689 500 1 411 500 548 511 127 249 425 299 420 292 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q2 Q1 Q1 2026 2026 2026 2026 2027 2027 2027 2027 2028 2028 2028
Slide 23: Interest rate profile
Interest rate profile 23 ZAR (%) 10.0 9.5 9.0 9.4 9.3 8.6 8.5 8.8 ZAR all-in hedged rate 8.4 8.4 4 - 11 8.2 ZAR floating rate + margin 7.8 7.3 7.0 3m Jibar 6.7 June December June December May 2024 2024 2025 2025 2026 EUR (%) 5.9 4.9 EUR all-in hedged rate 4.9 4.2 4.2 4.4 0–8 4.7 EUR floating rate +
Slide 24: Looking ahead
Looking ahead 24 Creating spaces and connecting people Group South Africa Eastern Europe • On track to meet FY2026 guidance • Complete solar-PV installations for: • Implement the Galleria Burgas acquisition - Increase in DIPS of 10 – 12% from FY2025 - Hyde Park Corner (946 kWp) and BESS (6 MWh) • CC
Slide 25: Future project: Somerset Mall
Phase 2 In progress Section 1 completed. Phase 1 Section 2 in progress. Completed Phase 3 After Phase 2 expansion 75 500m2 Future project Somerset Mall Western Cape Phase 3 expansion 14 500m2 Phase 3 expansion New total 90 000m2
Slide 26: Future project: The Glen
Right-size Right-size Pick n Pay stores New line New line stores stores Section 1 Future project The Glen Gauteng Phase 1 master plan
Slide 27: Future project: City Center one East
Level A Level B Level C Existing 47 260m2 Future project City Center one East Zagreb, Croatia Expansion 13 000m2 13 000m2 expansion New total 60 260m2
Slide 28: Q&A
Q&A Rosebank Mall Gauteng, South Africa
Slide 29: Investor Relations
Investor Relations Boitumelo Nkambule - boitumelo@hyprop.co.za