Property & Asset Management Limited 15/08/2016 Real Estate - - PowerPoint PPT Presentation

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Property & Asset Management Limited

15/08/2016

Construction Hospitality

Realestate Group

Real Estate

• Introduction
• Our contribution to the Community
• June 2017 Half Year Results – Highlights
• Review of Financial Trends
• Portfolio Analysis & Projects Overview
• International Prospects & Developments

Construction Hospitality

Realestate Group

Real Estate

• 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

4th annual “Food and Clothing for Charity campaign”. RDC PROPERTIES LIMITED

Corporate Social Responsibility

Construction Hospitality

Realestate Group

Real Estate

• Introduction
• Our contribution to the Community
• June 2017 Half Year Results – Highlights
• Review of Financial Trends
• Portfolio Analysis & Projects Overview
• International Prospects & Developments

Construction Hospitality

Realestate Group

Real Estate

• 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)
• 1ST INTERIM DISTRIBUTION
• Distribution per linked unit up 7%

Construction Hospitality

Realestate Group

Real Estate

 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)

Construction Hospitality

Realestate Group

Real Estate

• Introduction
• Our contribution to the Community
• June 2017 Half Year Results – Highlights
• Review of Financial Trends
• Portfolio Analysis & Projects Overview
• International Prospects & Developments

Construction Hospitality

Realestate Group

Real Estate

RDC PROPERTIES SUMMARY FIVE YEARS OVERVIEW (P’000) June 2013 June 2014 June 2015 June 2016 June 2017 Investment & Property Portfolio 766,085 868,829 963,173 1,124,029 1,259,820 Revenue 30,462 37,978 39,603 41,728 43,935 Profit before tax 13,007 15,568 18,450 26,271 28,323

Construction Hospitality

Realestate Group

Real Estate

RDC PROPERTIES LIMITED

5 years Summary

Construction Hospitality

Realestate Group

Real Estate

ABRIDGED UN-AUDITED GROUP STATEMENT OF

Six months Six months

COMPREHENSIVE INCOME

Ended 30 June Ended 30 June

For the six months ended 30 June 2017

2017 2016 P’000 P’000 Revenue 43,935 41,728 5% 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) Profit from operations 31,380 29,723 6% Net finance costs (3,057) (3,452) Profit before tax 28,323 26,271 8% Income tax expense

• Profit for the period from continuing operations

28,323 26,271 8% Other comprehensive income Fair value losses on available for sale financial assets (442)

• Exchange differences on translation of foreign
• perations

(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 Earnings per linked unit (thebe) 6.83 6.14 11% Interim dividend (thebe) 0.070 0.065 Interim debenture interest (thebe) 3.500 3.273 Total distribution (thebe) 3.570 3.339 7%

Construction Hospitality

Realestate Group

Real Estate

ABRIDGED UN-AUDITED GROUP STATEMENT OF FINANCIAL POSITION 2017 2016

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

• Introduction
• Our contribution to the Community
• June 2017 Half Year Results – Highlights
• Review of Financial Trends
• Portfolio Analysis & Projects Overview
• International Prospects & Developments

Construction Hospitality

Realestate Group

Real Estate

4

• 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

RDC PROPERTIES LIMITED

Portfolio Analysis Segmental and Lease Expiry Profile

Construction Hospitality

Realestate Group

Real Estate

Hospitality 42% Industrial 5% Office 33% Residential 2% Retail 18%

RENT INCOME BY SEGMENTS JUNE 2017

Jun 17- May 18 17% Jun 18- May 19 17% Jun 19- May 20 8% Jun 20- May 21 5% Jun 21

• nwards

53%

RDCP LEASE EXPIRY PROFILE JUNE 2017

Construction Hospitality

Realestate Group

Real Estate

RDC PROPERTIES LIMITED

ICC FLATS Extension – New Development (Ongoing)

• Project which commenced on 18th 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.

RDC PROPERTIES LIMITED

ICC FLATS Extension – New Development (Ongoing)

Construction Hospitality

Realestate Group

Real Estate

• Introduction
• Our contribution to the Community
• June 2017 Half Year Results – Highlights
• Review of Financial Trends
• Portfolio Analysis & Projects Overview
• International Prospects & Developments

Construction Hospitality

Realestate Group

Real Estate

5

• 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

Regional Prospects & Developments – South Africa

Construction Hospitality

Realestate Group

Real Estate

RDC PROPERTIES LIMITED

Regional Prospects & Developments – South Africa

Construction Hospitality

Realestate Group

Real Estate

RDC PROPERTIES LIMITED

Regional Prospects & Developments – Namibia

• 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 1st 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.

Construction Hospitality

Realestate Group

Real Estate

• 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

Regional Prospects & Developments – Namibia

Construction Hospitality

Realestate Group

Real Estate

• FURTHER IDENTIFIED SITES/LOCATIONS
• In Outapi and Eenhana we are still land approval process with the authorities.

RDC PROPERTIES LIMITED

Regional Prospects & Developments – Namibia

Construction Hospitality

Realestate Group

Real Estate

RDC PROPERTIES LIMITED

Regional Prospects & Developments – Namibia

Construction Hospitality

Realestate Group

Real Estate

RDC MALL – TSUMEB RDC MALL – KATIMA MULILO

RDC PROPERTIES LIMITED

Regional Prospects & Developments – Mozambique

• The economic outlook for this country, although tough in the short-term, is very

promising in the medium-term with the current oil and gas developments taking place.

• For Xai Xai and Zimpeto:
• EOI signed with anchor tenant; lease agreements being reviewed.
• Will be on site in August at Xai Xai
• Agents are positve in marketing the spaces & line shops will sign once anchor tenant

signs

• We are also looking at an acquisition of a small retail centre.

Construction Hospitality

Realestate Group

Real Estate

RDC PROPERTIES LIMITED

Mozambique – Xai Xai

Construction Hospitality

Realestate Group

Real Estate

PROPOSED RDC MALL XAI XAI

RDC PROPERTIES LIMITED

Mozambique – Zimpeto

Construction Hospitality

Realestate Group

Real Estate

–3/8/2018

TH THANK ANK YO YOU! U!

Construction Hospitality

Realestate Group

Real Estate

CH BE

MARINA LODGE