Octodec Investments Limited · JSE:OCT
Octodec Investments — H1 2025 Earnings Presentation
14 slides from Octodec Investments's earnings presentation, February 2025
Slide 1: H1 FY2025 Pre-close update
H1 FY2025 Pre-close update February 2025 Octodec Investments Limited 1 Pre-close update February 2025
Slide 2: Agenda
Agenda Operating Environment and 1 Portfolio Update Capital Investments and 2 Financial Sustainability 3 Questions and Answers ELEPHANT HOUSE
Slide 3: Operating environment update
Operating environment update − Despite the local economy remaining under pressure, there is a slight improvement in market and consumer sentiment. − Lower inflation, combined with lower interest rates have not had an immediate financial benefit on tenants yet. This resulted in vacancies remaining at
Slide 4: Residential portfolio update
Residential portfolio update Vacancy % comparisons by GLA Residential vacancy trends (units) (%) January 2025 January 2024 30 % % 21 21 20 20 Johannesburg 10.1 8.8 8 8 8 8 9 Kempton Park 3.3 4.5 10 6 7 7 7 7 Tshwane (excl. Hatfield) 9.8 9.2 0 Hatfield 76.6 79.4 Jan Feb Mar Apr May Jun Jul Aug Sep Oc
Slide 5: Residential portfolio update
Residential portfolio update Leasing enquiries received 12 000 11 107 11 000 10 000 8 986 9 000 8 000 7 425 7 000 6 000 4 716 5 000 3 989 4 000 2 653 2 648 2 754 3 000 2 598 2 263 2 292 2 230 2 132 2 000 1 000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2024 2024 2024 2024 2024 2024 2024 2
Slide 6: Commercial portfolio update
Commercial portfolio update Core lettable vacancies* by sector Offices − The decrease in office vacancies is mainly due to letting of a long-standing vacant office building in Centurion, as well as the conversion of offices at Yethu City into January 2025 January 2024 co-living accommodation % % T
Slide 7: Material expired leases > 5 000m²
Material expired leases > 5 000m² at 31 January 2025 Building Tenant Lease expiry GLA (m²) Renewal status Capitol Towers City of Tshwane Metropolitan – 12 086 Tenant remains on a monthly tenancy and indications are North Municipality that they will be moving to a Municipality-owned building as previ
Slide 8: Collections / arrears
Collections / arrears Total collections as at 31 January 2025 (%) 110 107.6 105 102.8 102.5 102.3 102.0 101.7 101.8 100 100.4 100.0 99.4 97.3 95 95.1 93.1 90 85 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2024 2024 2024 2024 2024 2024 2024 2024 2024 2024 2024 2024 2025 YTD total collections
Slide 9: Financial sustainability
Financial sustainability At 31 January 2025 – Refinanced R970 million in facilities with tenors of up to four years at improved margins – LTV levels expected to be maintained at around 40% in the short term – Finalising the refinance of R650 million in bank facilities maturing in August 2025 – In th
Slide 10: Capital allocation and requirements
Capital allocation and requirements Asset recycling – Sold and transferred eight properties for R46 million net of commission – Killarney Mall held for sale Short- to medium-term deployment of capital − Solar projects +/- R14 million − Water security measures +/- R3 million − Tenant-related upgrade
Slide 11: Solar installations demonstrating environmental stewardship
Solar installations demonstrating environmental stewardship Capital investment of Capital investment of Capital investment of R10.9 million R5.1 million R3.4 million THE FIELDS THE PARK YETHU CITY ON SISULU Octodec Investments Limited 11 Pre-close update February 2025
Slide 12: Growth opportunity in Yethu City on Sisulu
Growth opportunity in Yethu City on Sisulu − Pilot of a new product, offering quality co-living accommodation − Key features of the “Yethu City” brand: Well-designed co-living spaces Lower rental entry point compared to our other residential accommodation All-inclusive rental of sharing rooms
Slide 13: Questions and Answers
Questions and Answers YETHU CITY ON SISULU
Slide 14: Our Vision
Our Vision To innovate in the property market and unlock long-term capital appreciation and income flows, through investment in a well-diversified multisector property portfolio. We remain cognisant of our role as a responsible corporate citizen and aim to achieve our vision, ambition, and purpose i