Hyprop Investments Limited · JSE:HYP
Hyprop Investments — Corporate Update (November 2023)
25 slides from Hyprop Investments's corporate update, November 2023
Slide 1: Pre-Close Operational Update
Pre-Close Operational Update four months ended 31 October 2023
Slide 2: South Africa
Operational performance South Africa Somerset Mall, Western Cape
Slide 3: Operational performance metrics: South Africa, 12 months ended October 2023
Operational performance metrics 3 South Africa – 12 months ended October 2023 100 20,0% 20.0% -1.6% 18,0% 18.0% 5.1% 80 7.8% 16,0% 16.0% -20.0% 0.8% 14,0% 14.0% 11.8% 11.5% 60 10.8% 12,0% 12.0% Effort Ratio Thousands 9.3% 10,0% 10.0% 8.7% 40 8,0% 8.0% 8.2% 14.1% 0.8% 6,0% 6.0% -7.7% 1.4% 9.3% 1.1% 1
Slide 4: South Africa – Historical monthly comparison
Operational performance metrics 4 South Africa – Historical monthly comparison Tenant Turnover Trading Density 2 500 5.8% 7.2% 7.8% 0.8% 4 000 4.9% 6.1% 6.9% 0.3% Millions 3 500 2 000 3 000 1 500 2 500 R Millions Rands 2 000 1 000 1 500 1 000 500 500 0 0 Jul Aug Sep Oct Jul Aug Sep Oct Foot Count Ve
Slide 5: SA leasing activity – year-to-date
SA leasing activity – year-to-date 5 Renewal Reversion Retail Office Total Reversions Positive Flat Negative (weighted average) -1.4% -4.9% -1.6% 70% 61% Renewal % of Total Portfolio GLA 5.4% 60% New Deal Reversion 50% 41% (weighted average) 8.6% -7.0% 5.9% 38% 40% 36% 35% New Deal % of Total Portfo
Slide 6: SA new and revamped/upgraded tenants
SA new and revamped/upgraded tenants 6 Canal Walk Canal Walk Somerset Mall Somerset Mall Rosebank Mall Rosebank Mall Woodlands Hyde Park Corner Hyde Park Corner Hyde Park Corner Rosebank Mall Rosebank Mall The Glen The Glen CapeGate Clearwater Mall Clearwater Mall
Slide 7: Completed project
7 Completed project Somerset Mall, Checkers Fresh X
Slide 8: Completed project
8 Completed project Somerset Mall, Pick n Pay Compact Hypermarket
Slide 9: Completed project
9 Completed project Clearwater Mall, escalator link
Slide 10: Completed project
10 Completed project Solar PV roll out (phased) Clearwater Mall, Gauteng Rosebank Mall, Gauteng Woodlands Boulevard, Gauteng
Slide 11: Projects in progress
11 Projects in progress Woodlands Boulevard, drive-thrus
Slide 12: Projects in progress
12 Projects in progress Woodlands Boulevard, Woolworths extension, including W Café, W Cellar and The Fun Company
Slide 13: Planned upgrade
13 Planned upgrade Hyde Park Corner Offices, North Tower
Slide 14: Eastern Europe
Operational performance Eastern Europe City Center one East, Zagreb
Slide 15: Operational performance metrics: Eastern Europe
Operational performance metrics 15 Eastern Europe – 12 months ended October 2023 600 20.0% 20,0% 16.3% 550 18,0% 18.0% 500 4.8% 13.3% 16,0% 16.0% 450 7.6% -16.6% 14,0% 400 12.2% 14.0% 11.0% 11.6% 11.2% 12,0% 350 12.0% 12.0% 300 10,0% Effort Ratio Thousands 1.1% 10.0% 250 11.5% 8,0% 12.7% 200 8.0% -2
Slide 16: Eastern Europe – Historic monthly comparison
Operational performance metrics 16 Eastern Europe – Historic monthly comparison Tenant Turnover Trading Density 60 9.4% 12.0% 4.7% 14.6% 350 9.8% 13.3% 4.7% 13.6% 50 300 250 40 € Millions 200 Euro 30 150 20 100 10 50 0 0 Jul Aug Sep Oct Jul Aug Sep Oct Foot Count Vehicle Count 3 1.9% 3.7% 1.5% 6.3%
Slide 17: EE leasing activity – year-to-date
EE leasing activity – year-to-date 17 Reversions Positive Flat Negative Retail 80% 76% Renewal Reversion (weighted average) 3.1% 70% 66% 63% 8.2% Renewal % of Total Portfolio GLA 60% New Deal Reversion 50% (weighted average) -3.8% 2.1% 40% New Deal % of Total Portfolio GLA 30% 25% 20% 21% Renewal &
Slide 18: New Eastern European Tenants
New Eastern European Tenants 18 City Center one East City Center one East City Center one West City Center one West The Mall The Mall The Mall The Mall The Mall Skopje City Mall Skopje City Mall
Slide 19: Sub-Saharan Africa
Operational performance Sub-Saharan Africa West Hills Mall, Ghana
Slide 20: Macroeconomics: Sub-Saharan Africa
Macroeconomics 20 Sub-Saharan Africa Ghana Cedi/USD Nigerian Naira/USD 15 850 14 13 750 12 11 650 Rate Rate 10 9 550 8 7 450 6 5 350 Jul-21 Oct-21 Feb-22 May-22 Aug-22 Dec-22 Mar-23 Jun-23 Oct-23 Jan-24 Jul-21 Oct-21 Feb-22 May-22 Aug-22 Dec-22 Mar-23 Jun-23 Oct-23 Jan-24
Slide 21: Sub-Saharan Africa – Historical monthly comparison
Operational performance metrics 21 Sub-Saharan Africa – Historical monthly comparison Tenant Turnover* (Cedi) Trading Density* (Cedi) 70 22.4% 16.4% 12.4% 2 000 53.3% 46.6% 41.7% 60 50 1 500 Millions GHC 40 1 000 30 20 500 10 0 0 Jul Aug Sep Oct Jul Aug Sep Oct Tenant Turnover* (US$) Trading Density
Slide 22: Sub-Saharan Africa – Historical monthly comparison
Operational performance metrics 22 Sub-Saharan Africa – Historical monthly comparison Foot count (‘000) Vacancy 17.0% 16.9% 16.8% 3 000 7.1% 7.4% 3.6% 18% 13.8% 13.7% 13.5% 16% 13.2% 2 500 14% 11.2% 11.1% 10.8% 10.9% 10.6% 10.2% 10.1% 10.0% 2 000 12% 9.7% 9.7% 9.4% 9.1% 10% 7.1% 7.1% 7.1% 1 500 8% 1
Slide 23: Sub-Saharan Africa – ex-Game vacancy
Operational performance metrics 23 Sub-Saharan Africa – ex-Game vacancy 120% 26% 100% 80% 11% 63% 60% 40% 20% 0% Trading/fitting out Signed lease Under negotiation
Slide 24: In closing
In closing CapeGate, Western Cape
Slide 25: Investor Relations
Investor Relations Boitumelo Nkambule - boitumelo@hyprop.co.za
Hyprop Investments — Corporate Update (November 2023) on 6ix