Hyprop Investments Limited · JSE:HYP
Hyprop Investments — Corporate Update (June 2022)
11 slides from Hyprop Investments's corporate update, June 2022
Slide 1: Pre-Close Operational Update
Pre-Close Operational Update Five months ended 31 May 2021
Slide 2: Headlines
Headlines Positive progress implementing our strategy Group South Africa Eastern Europe Sub-Saharan Africa Non-Tangible Assets • Implementation of • All Covid-19 restrictions • All Covid-19 restrictions • Ikeja remains fully let • SOKO District operating Hystead liquidity event: now lifted now lifte
Slide 3: Further strengthened the balance sheet
Further strengthened the balance sheet • Fully consolidated LTV circa 40% • EUR equity debt reduced from €373 million to €110 million • In-country Euro debt reduced from €365 million to €285 million • Europe LTV reduced from 94% to 65% • Euro equity of €180 million 3
Slide 4: Impact on LTV
Impact on LTV Rand % of Rand % of equivalent Group equivalent Group 31 December 20211 (R million) total 31 May 20222 (R million) total Rand Total bank borrowings 5 134 6 404 Cash on hand / bank overdraft (1 815) (370) Net borrowings 3 319 3 319 21% 6 034 6 034 46% Investment property portfolio valua
Slide 5: Operational performance
Starbucks, Woodlands Operational performance 5
Slide 6: Operational performance metrics – South Africa
Operational performance metrics South Africa – 12 months ended May 2022 260 20,0% 240 18,0% 220 13.3% 2.2% -0.3% 1.2% 5.8% 16,0% 200 -9.5% -1.7% 180 14,0% 160 11,1% 12,0% Other Metrics 10,7% Effort Ratio 140 9,8% 10,1% 9,8% 9,3% 10,0% 8,7% 8,9% 120 100 4.9% -2.4% 8,0% -2.2% -1.3% -10.6% 80 7.0% -12.
Slide 7: Operational performance metrics – South Africa
Operational performance metrics South Africa – 5 months Tenant Turnover Trading Density 2 000 27,3% 30% 3 500 30% 24,5% R MillionsMillions 25% 3 000 25% 1 500 2 500 20% 20% 21,9% 11.5% 6.3% Rands 6.3% 12,3% 13,0% 2 000 20,4% 9.3% 1 000 15% 10,2% 11,7% 15% 7.7% 1 500 6,5% 10% 10% 1 000 500 1.0% 5% 50
Slide 8: Operational performance metrics – Eastern Europe
Operational performance metrics Eastern Europe – 12 months ended May 2022 500 20,0% 3.3% 15.8% 450 18,0% -9.2% -3.5% 400 16,0% 350 14,0% 300 10,8% 10,8% 12,0% 10,7% 10,6% 10,5% Other Metrics Effort Ratio 250 10,0% 200 8,0% 150 6,0% 100 4,0% 50 -1.0% -14.0% -15.2% 12.8% 2,0% 3.6% -5.1% 8.6% 0 0,0% 10
Slide 9: Operational performance metrics – Eastern Europe
Operational performance metrics Eastern Europe – 5 months Tenant Turnover Trading Density 50 40% 300 40% 35% 40 37,8% 30% 250 35,1% 30% 25% 200 13,0% 20% 15,6% 15,1% 10,6% € Millions 30 12.6% 20% Euro 9.9% 15% 150 10% 15.9% 8.3% 20 10% -5,7% 5% 100 0% -3,1% 3.3% 10 0% -16,4% 50 1.4% -10% -5% 0 -10%
Slide 10: Operational performance metrics – Sub-Saharan Africa
Operational performance metrics Sub-Saharan Africa – 4 months Tenant Turnover* (US$) Trading Density* (US$) 2,5% 10 5% 300 0% 0% 250 -5% 8 -10% -5% 200 Millions Dollars 6 -11,3% -19,1% 12.3% -15% 15.1% -10% 150 8.8% -24,9% 8.5% -20% 4 -18,2% -15% 100 -27,5% 4.6% -25% -21,0% -30.2% 2 -20% 50 -30% 0 -
Slide 11: Questions and answers
Skopje City Mall, Macedonia Questions and answers 11