Fairvest Limited Class A · JSE:FTA
Fairvest Limited Class A — Indluplace Properties — FY2015 Earnings Presentation
14 slides from Fairvest Limited Class A's earnings presentation, November 2015
Slide 1: Results Presentation Prospects Discussion
RESULTS PRESENTATION PROSPECTS DISCUSSION
Slide 2: Strategy
INDLUPLACI
Slide 3: Strategy
STRATEGY • Lower risk by growing the portfolio, investing in a variety of residential categories and cater for various income groups. • Acquisitions to be yield enhancing. • Grow the portfolio to R3b by end September 2016. • Increase footprint nationally in areas where sustainable demand exists. • O
Slide 4: Results FY2015
RESULTS FY2015 4
Slide 5: Actual Results Compared to Listing Forecast
ACTUAL RESULTS COMPARED TO LISTING FORECAST Actual Forecast Distribution (cents / share) 28,99 26,6 Revenue (R’m) 157,8 147,5 Vacancies 2,95% 2,3%¹ ¹ Monash excluded Other highlights include: • Settlement achieved with Monash SA • Ironwood fully let before end September 5
Slide 6: Portfolio Overview
PORTFOLIO OVERVIEW 6
Slide 7: Dwelling on Residential
DWELLING ON RESIDENTIAL 3 690 residential units of which 454 units (12%) let to students. 9 469m² retail GLA attached to residential buildings. 7
Slide 8: Geographical Spread
GEOGRAPHICAL SPREAD Currently mainly Gauteng with about 12% in Mpumalanga Resi unit spread 36% 27% 12% 11% 6% 4% 2% 2% 8
Slide 9: Unit Categories / Building Types
UNIT CATEGORIES / BUILDING TYPES Mostly walk-up type complexes and buildings (77%) with about 23% of units in high rise buildings. Residential unit types 6% 7% Rooms 19% Bachelors One bed 51% Two Bed 17% Three bed 9
Slide 10: Prospects – 2016 and Beyond
PROPECTS – 2016 AND BEYOND 10
Slide 11: Financial Year 2016
FINANCIAL YEAR 2016 • Distribution forecast increased 10,5% to 92,55 cents / share. • Raised R470m in book build in October 2015, increasing free float by 100% since listing. • Concluded deals (effective date 1 November 2015) 1. Residential portfolio acquired from Connaught Properties worth R420m. 2
Slide 12: Prospects
PROSPECTS • Demand for appropriately priced, well located and well managed rental units still far outstrips supply. • Potential acquisitions in Gauteng, KwaZulu-Natal and Western Cape primarily in the major cosmopolitan areas. • Currently finalizing acquisition of portfolios worth approximately R960
Slide 13: Prospects / Recap
PROSPECTS / RECAP • Indluplace the only REIT totally focused on the residential sector. • Indluplace owns and will grow a diverse portfolio across locations, building types and income levels thereby further reducing risk. • Sector is low risk due to huge demand with many small tenants, thereby reduc
Slide 14: Thank You Questions?
THANK YOU QUESTIONS? 14