Vukile Property Fund Limited · JSE:VKE
Vukile Property Fund — Investor Presentation (June 2022)
39 slides from Vukile Property Fund's investor presentation, June 2022
Slide 1: Welcome!
CASTELLANA
Slide 2: Schedule & Route
Schedule & Route Tue. June 28th 2022 Depart Lisbon for El Faro Visit El Faro Visit Los Arcos Check In Hotel Colon Gran Melia (Seville) Dinner in Seville . June 29th 2022 Market Presentation Retailers Round Table Sport Activity Visit Bahia Sur Visit Puerta Europa Check in Hotel Tarifa Lances (Tarifa)
Slide 3: Recovery
Recovery
Slide 4: Beating all expectations
Beating all expectations Gh Footfall and sales recovery vs benchmark 1 WAVE 2° WAVE = 3°? WAVE a™ WAVE S™ WAVE 6™ WAVE 80.0% 60.0% 40.0% 20.0% 0.0% SLPS SL f se a ~ FOOTFALL ~~ Benchmark Footfall AECC - SALES -- Benchmark Sales AECC « Footfall Data includes the following shopping centres: El Faro, B
Slide 5: ECI Projects
ECI Projects
Slide 6: Successful asset repositioning and enhancement to boost value creation
Successful asset repositioning and enhancement to boost value creation and recurrent rent generation Repositioning projects accomplishment ALL PROJECTS BAHÍA SUR LOS ARCOS EL FARO GLA affected 37,897sqm 19,320sqm 10,729sqm 7,848sqm Number of new brands 51 18 20 13 Capex investment €71.0m €38.9m €25.
Slide 7: El Faro
im I, i Pa vs MM Il i i ris i" Bi ace, EI Faro atforo ASTELLANA
Slide 8: The leading shopping centre in the Extremadura region and Alentejo
The leading shopping centre in the Extremadura region and Alentejo in Portugal eRoca oo Portugal a 450,153 inhabitants in Badajoz city. Widest catchment area in the whole Monfortes portfolio. Visitors come to the Shopping Centre from a distance of over45 Evase minutesbycar, Redondoe Huge influence i
Slide 9: The weight of primary sector is 3x that of the national level
The weight of primary sector is 3x that of the national level
Slide 10: The region of Badajoz boasts a spectacular cultural heritage
The region of Badajoz boasts a spectacular cultural heritage
Slide 11: Local festivities: Carnival and Easter celebrations
In terms of local festivities, its Carnival and Easter celebrations are very well-known across Spain
Slide 12: Location
Location Caceres. Caceres ¢ Mérida Badajoz
Slide 13: Our customers
Our customers Age & Gender Shopper profile 51% 49% 45 year old woman Female Male Lives in Badajoz, Almendralejo & Mérida 24% 23% 21% Lives in a family household with good income +60 years 45-59 years 30-44 years level or comes from its surroundings Favourite brands: Segmentation 24% 20% Well-settled
Slide 14: Main KPIs at the purchase
Main kpis at the purchase Acquisition Price €152,7m* NOI as per NBO €8.6m GLA 43,423 sqm WAULT MGR: Break 3.3 years Expiry 7.4 years Key Tenants Bricor, Inditex, Primark, H&M Base rentals 16.5 €/sqm/month Occupancy 99% OCR 10.7% *Transaction costs not included
Slide 15: 5,8 million visits annually at 2017
5,8 million visits annually at 2017
Slide 16: Competition
Competition A regional shopping centre with no relevant competition CC Ruta de la Plata El Faro CC Conquistadores Évora Plaza Conquistadores SC Ruta de la Plata SC Évora Plaza SC in Badajoz in Cáceres in Évora (Portugal)
Slide 17: What have we done over the last 2 years?
What have we done over the last 2 years?
Slide 18: What we had in 2019…
What we had in 2019… Bricor, brand with a low demand Lack of leisure offers in the shopping centre Customer demands more offer of restaurants (queues to access restaurants)
Slide 19: Key goals of the project
Key goals of the project Urban concept, Semi-open space Connection between the fresh and to enhance gallery and the relaxed natural light new leisure area
Slide 20: Transformation 6,4 m€
Transformation 6,4 m€ Capex BEFORE 7,848 GLA updated AFTER 13 new brands
Slide 21: Transformation Before After
Transformation Before After
Slide 22: And the result was...
And the result was... With a unique identity, the perfect place to enjoy leisure and restaurants in a family atmosphere
Slide 23: A space that appeals to top brands
a space that appeals to top brands
Slide 24: The first and only Premium cinema in the region
The first 7 cinema rooms and +700 and only reclining seats Premium equipped with cinema in the latest image and sound the region technology
Slide 25: Galaxy Park, arcade game zone and VR
Galaxy Park, Profesional arcade game bowling zone and VR AMF simulators
Slide 26: Outdoor area with more than 2,000sqm
With an outdoor area with more than 2,000sqm
Slide 27: El Patio has its own calendar of exclusive events
El Patio has its own calendar of exclusive events
Slide 28: Footfall attracts +1.2M visits
Footfall + 1.2M sc* Market Share attracts 73% +10.6%* 15.05% visits since opening** since opening* of the total visits *Q1 2022 vs 2019 **From 15/12/2020 to 31/03/2022
Slide 29: Our catchment in Badajoz and its surroundings has grown exponentially
And what’s more, our catchment in Badajoz and its sourroundings has grown exponentially South Badajoz +21% @aAlmendralejo Center Badajoz +145% West Badajoz +195% (Main competitor in this area) North Badajoz +38% Almendralejo +51% @ Badajoz *From Jan - Apr 2022 vs same period 2019. Data from Fetch An
Slide 30: Financial KPIs ECI project
Financial KPIs ECI project GLA signed and committed % 97.1% Additional GRI generated €0.4m Additional NOI generated €0.3m NOI increase vs budget % +0.01% Yield on investment 4.54% Average cash-on-cash 6.1%
Slide 31: Customers come to the shopping center from over 45 min by car
Customers come to the shopping center from a distance of over 45 min by car, the highest in the whole portfolio 66,422 2,639 107 517,491 sqm Total GLA free parking different brands inhabitants in spaces the catchment area
Slide 32: A shopping centre outperforming all the expectations
A shopping centre outperforming all the expectations Recovery index 2022 vs 2019 January 2022 February 2022 March 2022 April 2022 107.7% 115.8% 110.1% 122.3% Footfall January 2022 February 2022 March 2022 April 2022 94% 105.1% 98.7% 115.9% Sales
Slide 33: Expected to attract 7.5 million visits in 2022
Expected to attract 7.5 million visits in 2022 + 9% vs + 34% since preCovid Castellana's levels management
Slide 34: Current KPIs and fair value
ent kpis FAIR VALUE var. (‘000€): 171,790 Acquisition price: 152,7m€* 165,660 161,970 i 159,430 Mar. 2019 Mar. 2020 Mar. 2021 Mar. 2022 EE Key Tenants: Base Rentals (€/m2): Occupancy: Large National and OCR: Zara, Primark, Media Markt, €21 98.9% International Tenants: 9.6% Yelmo Cines, H&M, Massimo
Slide 35: ESG: environmental & social performance
ESG: environmental & social performance Environmental certifications Energy performance Energy projects Energy efficiency: 2,366,599 kWh off-site renewable energy consumption Energy consumption: Label B (521.2 (100% of common areas consumption) PV plant project: kWh/m2/year) Power capacity: 9,397 kW
Slide 36: ESG: social
ESG: social Continuously launching activities to link our shopping center to the community
Slide 37: ESG: social
ESG: social First shopping center in Spain with the Red Cross station where visitors can seek medical assistance Mon to Sat from 10 A.M. to 10 P.M. and participate in training courses
Slide 38: / Tre va
/ Tre va @ 188. asa Rs
Slide 39: Slide 39
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