Lighthouse Properties Plc · JSE:LTE
Lighthouse Properties — Greenbay Properties — Investor Presentation (March 2017)
30 slides from Lighthouse Properties's investor presentation, March 2017
Slide 1: March 2017 Information Pack
| | = GREENBAY Greenbay Properties Ltd | March 2017 Information Pack
Slide 2: Results highlights – March 2017
Results highlights – March 2017 Dividend per share 0.20 GBP pence Translates to annualized growth of 25% Guidance for 2H17 of 0,236 EUR cents Guidance for FY18 up a further 25% YoY Dividend policy allows for retained earnings NAV per share 7.35 GBP pence Up 53% YoY since March 2016 of
Slide 3: Investment portfolio as at March 2017
Investment portfolio as at March 2017 SECTORAL PROFILE BY MARKET GEOGRAPHIC PROFILE BY MARKET VALUE VALUE Listed Real Estate USA Listed Infrastructure 2,2% 4,5% Europe Direct Property 12% UK 6,4% 4,9% Canada 44% 51,1% Singapore 44% 30,9% Australia 3
Slide 4: Direct property portfolio post Forum transaction
Direct property portfolio post Forum transaction SECTORAL PROFILE BY VALUE GEOGRAPHIC PROFILE BY VALUE Slovenia Retail Portugal Mixed use 7% 27,6% 72,4% 93% 4
Slide 5: Investment Portfolio – Top 10
Investment Portfolio – Top 10 Market value as The following table indicates the group's top 10 investments by market value as at at 31 March 2017 March 2017 Investment Sector Jurisdiction (GBP ‘000) Planet Koper Direct property Europe 48 140 Unibail-Rodamco SE Listed real estate Europe 25 326 Simon
Slide 6: Economic Summary
Economic Summary Portugal Slovenia Spain Poland Italy Germany South Africa Romania United Kingdom Retail Sales YoY 4.7% 10.4% 0.9% 9.7% -1.0% 2.3% -1.7% 7.8% 1.7% Household debt to GDP 74.5% 45.5% 65.2% 36.5% 41.7% 53.5% 34.7% 87.6% GDP Annual Growth 2.0% 2.6% 3.0% 2.5% 1.0% 1.2% 0.7% 4.8% 2.1% 21 2
Slide 7: Portugal
Portugal Population dynamics 7
Slide 8: Forum Coimbra
Forum Coimbra One of Portugal’s trophy assets Fully let prime regional shopping centre The dominant centre for the “Centro” region of Portugal Best-in-class anchors Over 8 million visitors per annum Excellent sales performance Superb visibility Low effort rate Potential for growth
Slide 9: Forum Coimbra
Forum Coimbra 9
Slide 10: Location, Catchment & Visitors
LOCATION, CATCHMENT & VISITORS The dominant retail scheme in the Centro Region of Portugal High profile regional shopping centre occupying a commanding position above the river and city Prominently located on the dual carriageway that serves as the main approach to Coimbra Easy access to bot
Slide 11: Coimbra - A Historic and Vibrant University City
COIMBRA - A HISTORIC AND VIBRANT UNIVERSITY CITY Coimbra is the capital of the Centro region of Portugal located between Lisbon and Porto. Coimbra is Portugal’s foremost university city, with Coimbra University being the oldest academic institution in the Portuguese speaking world. The city was
Slide 12: A Highly Accessible and Strategic Location
A HIGHLY ACCESSIBLE AND STRATEGIC LOCATION Forum Coimbra occupies a very prominent site on a hilltop with commanding views over the city and the Mondego River. The principal road access to the city passes in front of the centre affording the centre superb visibility. Forum Coimbra’s location a
Slide 13: A Sustainable Retail Concept
A SUSTAINABLE RETAIL CONCEPT The retailer mix at Forum Coimbra has been carefully balanced and well-managed producing an optimal equilibrium of fashion, food, entertainment and services. Best in class anchor retailers Major destination retailers such as Primark, Fnac, H&M and Eight Inditex Bra
Slide 14: The Dominant Centre in the Catchment
THE DOMINANT CENTRE IN THE CATCHMENT Strong upside potential The current performance of the centre and low effort rate should provide the potential for rental growth going forward. 2018 is a relevant expiry year providing the potential for growth to be crystalised. Virtually all leases include
Slide 15: 2018 presents reversionary potential
2018 presents reversionary potential 15
Slide 16: Forum Coimbra
" 4 ~; ae rl | % aa none comer sy SALES GROWTHIN, §—|-——_T1.5% AVERAGE EFFORT THE LAST 12 MONTHS RATE (LI2M) as <= am aE s 2013 2014 2015 2016 Estimated — ee eT t=] ideal et =i AROUND £3,500 PER M?
Slide 17: Forum Coimbra - Layout
FLOOR 0 CONTINENTE ‘PRIMARKC iis egy HUERE al F
Slide 18: Forum Coimbra – Layout continued
Forum Coimbra – Layout continued 18
Slide 19: Forum Viseu
Forum Viseu A consolidated high street centre anchored by the top brands in each of their market segments City centre location Strong & stable anchors Portugal’s No 1 fashion retailer (Zara), supermarket brand (Pingo Doce) and cinema group (Cinemas NOS) Recently refurbished and repositione
Slide 20: Forum Viseu
Opened SEPTEMBER 2005 MULTI (MDC) EXCLUSIVE TENANTS IN FORUM VISEU ZARA lefties, PULL&BEAR Bershka Qstradivarius OYSHO At SACOOR
Slide 21: Location, Catchment & Visitors
LOCATION, CATCHMENT & VISITORS The strongest high street location in Viseu The dominant fashion destination in Viseu > 7,000 m² of Inditex brands Over 50% of footfall is pedestrian Located in the city centre in a highly accessible area Catchment of 121,000 people within a 30- minute driv
Slide 22: A Unique City Centre Location
A UNIQUE CITY CENTRE LOCATION 22
Slide 23: A Modern Retail Concept
A MODERN RETAIL CONCEPT A strong tenant mix focused on fashion Forum Viseu is a high quality shopping and entertainment centre that complements the traditional retail offer in the city centre. Best in class fashion anchors The market leading Cinema – Cinema NOS A leading national supermark
Slide 24: A wealthy consumer profile
A wealthy consumer profile 24
Slide 25: Forum Viseu - Layout
Forum Viseu - Layout 25
Slide 26: Forum Viseu - Layout
FLOOR 3 FLOOR 2 2.28 224 Mayoral 234 Springfield
Slide 27: Planet Koper
Planet Koper 27
Slide 28: Planet Koper
Planet Koper Asset Update: Turnover + 5.4% YoY Footfall + 4% YoY Redevelopment Interest of large international retailers Average Rent 10.69 Euro psm Night Club/Bowling is around 4 Euro psm currently 3,000sqm of total 32,000sqm (9% of centre) Footfall steadily increasing Vacancy 2
Slide 29: Planet Koper - Layout
Planet Koper - Layout LAYOUT GROUNDFLOOR LAYOUT 1ST FLOOR >
Slide 30: Infrastructure – The case for listed Infrastructure
Infrastructure – The case for listed Infrastructure Like other real assets, global infrastructure assets are tangible, physical assets that provide a real return that often rises with inflation. The dividend yields on listed infrastructure are higher than those of global stocks and bonds. The di
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