Real Estate Construction Hospitality Realestate Group Presented by: Property & Asset Management Limited 15/08/2016
Real Estate Construction Hospitality Realestate Group • Introduction • Our contribution to the Community • June 2017 Half Year Results – Highlights • Review of Financial Trends • Portfolio Analysis & Projects Overview • International Prospects & Developments
RDC PROPERTIES LIMITED Real Estate Corporate Social Responsibility Construction Hospitality Realestate Group We are still assisting and providing our usual support to Ngwapa Primary School through our annual contributions and awards for the best performing students. We will still continuously promote group’s CSR initiatives by supporting our host communities through driving charity campaigns to encourage and support the less privileged - Annual Masa charity campaign, and direct support to organizations. Masa Centre in partnership with Yarona FM have commenced the campaigns for the 4 th annual “ Food and Clothing for Charity campaign” .
Real Estate Construction Hospitality Realestate Group • Introduction • Our contribution to the Community • June 2017 Half Year Results – Highlights • Review of Financial Trends • Portfolio Analysis & Projects Overview • International Prospects & Developments
Real Estate Construction Hospitality Realestate Group INVESTMENT AND PROPERTY PORTFOLIO Up by 12%, now stands at P1,260 million (2016: P1,124 million) RENTAL REVENUE Up by 5% to P43.9 million (2016: P41,7 million) PROFIT BEFORE TAX Up by 8% to P28,3 million (2016: P26.3 million) EARNINGS PER LINKED UNIT Up by 11% to 6.83 thebe per linked unit (2016 restated: 6.14 thebe) 1 ST INTERIM DISTRIBUTION Distribution per linked unit up 7%
Real Estate Construction Hospitality Realestate Group STOCK CK MARKET KET STATIS TISTI TICS CS ◦ Share price: P2.75 up 5% (2016: P2.63) ◦ Share price: P2.75 up 10% (2016: P2.51) ◦ Linked units in issue: 347,547,222 (2016: 347,547,222) ◦ Market Capitalization: Now stands at P955,754,860 (2016: P914,049,194)
Real Estate Construction Hospitality Realestate Group • Introduction • Our contribution to the Community • June 2017 Half Year Results – Highlights • Review of Financial Trends • Portfolio Analysis & Projects Overview • International Prospects & Developments
RDC PROPERTIES LIMITED Real Estate 5 years Summary Construction Hospitality Realestate Group RDC PROPERTIES SUMMARY FIVE YEARS OVERVIEW (P’000) June June June June June 2013 2014 2015 2016 2017 Investment & Property 1 , 259,820 Portfolio 766,085 868,829 963,173 1,124,029 Revenue 30,462 37,978 39,603 41,728 43,935 Profit before tax 13,007 15,568 18,450 26,271 28,323
Six months Six months ABRIDGED UN-AUDITED GROUP STATEMENT OF Ended 30 June Ended 30 June COMPREHENSIVE INCOME Real Estate 2017 2016 For the six months ended 30 June 2017 P’000 P’000 Construction Hospitality Realestate Group 5% Revenue 43,935 41,728 Operating expenses (13,124) (12,039) Other operating income 560 1,522 Profit/(loss) arising from joint venture 99 (243) Net foreign exchange losses (90) (1,245) 6% Profit from operations 31,380 29,723 Net finance costs (3,057) (3,452) 8% Profit before tax 28,323 26,271 Income tax expense - - 8% Profit for the period from continuing operations 28,323 26,271 Other comprehensive income Fair value losses on available for sale financial assets (442) - Exchange differences on translation of foreign operations (1,202) (387) Total comprehensive income for the period 26,679 25,884 Profit for the period attributable to: Owners of the company 23,745 21,356 Non-controlling interest 4,578 4,915 Number of linked units in issue at period end 347,547,222 347,547,222 11% Earnings per linked unit (thebe) 6.83 6.14 Interim dividend (thebe) 0.070 0.065 Interim debenture interest (thebe) 3.500 3.273 7% Total distribution (thebe) 3.570 3.339
ABRIDGED UN-AUDITED GROUP STATEMENT Real Estate OF FINANCIAL POSITION Construction Hospitality 2017 2016 Realestate Group Assets P’000 P’000 Property, plant and equipment 9,534 8,049 Available for sale investments 16,575 - Intangible asset 1,000 1,000 Investment properties 1,208,212 1,090,293 Investment in a joint venture 24,499 24,687 Long-term trade and other receivables 5,131 8,388 Current assets 191,360 194,193 Total Assets 1,456,311 1,326,610 Equity and Liabilities Equity attributable to the owners of the company 931,072 848,543 Non-controlling interests 179,759 165,119 Long term borrowings 215,269 204,788 Deferred tax liabilities 86,537 66,714 Current liabilities 43,674 41,446 Total Equity and Liabilities 1,456,311 1,326,610
Real Estate Construction Hospitality Realestate Group • Introduction • Our contribution to the Community • June 2017 Half Year Results – Highlights • Review of Financial Trends 4 • Portfolio Analysis & Projects Overview • International Prospects & Developments
RDC PROPERTIES LIMITED Real Estate Construction Hospitality Portfolio Analysis Realestate Group Segmental and Lease Expiry Profile Vacancy within the group’s portfolio stands at 3.08% for the period ended June 2017. The ongoing projects and regional expansion drive is expected to contribute to portfolio growth across various segments. 53% of the leases will be expiring beyond the year 2021 RENT INCOME BY SEGMENTS JUNE 2017 RDCP LEASE EXPIRY PROFILE JUNE 2017 Jun 17- May 18 Jun 21 17% Retail onwards Residential 18% 53% Jun 18- May Hospitality 2% 19 42% 17% Office 33% Jun 19- May 20 Jun 20- May 8% Industrial 21 5% 5%
RDC PROPERTIES LIMITED Real Estate ICC FLATS Extension – New Development (Ongoing) Construction Hospitality Realestate Group
RDC PROPERTIES LIMITED Real Estate ICC FLATS Extension – New Development (Ongoing) Construction Hospitality Realestate Group Project which commenced on 18 th April 2016 is now at 60% completion stage. This development offers exquisitely designed 45 new Apartments of 1 & 2 Bedroom Apartments and Lofts (Duplex) in the prime area of Gaborone on Plots 2251/2/9/60 EXT 9. Units will come with fully fitted Kitchens & bathrooms, Secured Access control systems, Central TV, Complete Fire reticulation systems … .and so much more!!! Project Estimated at just under P40M. And expected to be completed Q2 2018.
Real Estate Construction Hospitality Realestate Group • Introduction • Our contribution to the Community • June 2017 Half Year Results – Highlights • Review of Financial Trends • Portfolio Analysis & Projects Overview 5 • International Prospects & Developments
RDC PROPERTIES LIMITED Real Estate Regional Prospects & Developments – South Africa Construction Hospitality Realestate Group Proposed acquisition of a controlling stake in a Cape Town based commercial property portfolio. Portfolio consists of a shopping mall, two mixed-use buildings & a parking lot, all in prime areas in the City of Cape Town. Shares to be issued to RDC in the portfolio & cash used for further acquisitions in Cape Town/RSA. Proposed acquisition will result in increasing the Group’s portfolio value, provide an international footprint and increase the Group’s distribution yield.
RDC PROPERTIES LIMITED Real Estate Regional Prospects & Developments – South Africa Construction Hospitality Realestate Group
RDC PROPERTIES LIMITED Real Estate Construction Hospitality Regional Prospects & Developments – Namibia Realestate Group Office setup is complete. Project manager identified and joining November 2017 (previous PAM Asset Manager) 3 projects on the ground; 2 being defined. Tender for 1 st site out this week; 1-2 months lag before starting a further two sites. Firming up line shops; will sign after anchor tenant signs, New opportunities are considered as we consolidate our in-country presence.
RDC PROPERTIES LIMITED Real Estate Regional Prospects & Developments – Namibia Construction Hospitality Realestate Group Development Plans have kicked off for the following malls in Namibia: RDC MALL – KATIMA MULILO Proposed to comprise of 14 Nos. Line Shops and 1 Anchor Tenant Shop Plans submitted to council and awaiting receipt of approval. Contractors are being shortlisted and tendering to commence in August 2017. More Project details will be released upon conclusion of tendering process. RDC MALL – TSUMEB Proposed to comprise of 28 Nos. Line Shops and 1 Anchor Tenant Shop Appointment of all consultants concluded. Final preparation for plans submission to council for approval. RDC MALL – GROOTFONTEIN Appointment of all consultants in place. Topographical survey in progress and designs to commence immediately.
RDC PROPERTIES LIMITED Real Estate Regional Prospects & Developments – Namibia Construction Hospitality Realestate Group FURTHER IDENTIFIED SITES/LOCATIONS In Outapi and Eenhana we are still land approval process with the authorities.
RDC PROPERTIES LIMITED Real Estate Regional Prospects & Developments – Namibia Construction Hospitality Realestate Group RDC MALL – TSUMEB RDC MALL – KATIMA MULILO
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