Attacq Limited · JSE:ATT
Attacq — Investor Presentation (June 2024)
23 slides from Attacq's investor presentation, June 2024
Slide 1: Pre-Close Update June 2024
PRE-CLOSE UPDATE June 2024
Slide 2: Agenda
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 2 AGENDA 3 STRATEGIC BUSINESS ALIGNMENT 5 COMPLETED SOUTH AFRICAN PORTFOLIO 12 DEVELOPING WATERFALL CITY 16 OTHER INVESTMENTS 17 FUNDING UPDATE 20 QUESTIONS & ANSWERS PWC Tower, Waterfall City
Slide 3: Strategic Business Alignment
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 3 STRATEGIC BUSINESS ALIGNMENT BUSINESS FOCUS Directly and indirectly held portfolio Business Waterfall City Rest of South Africa Other investments diversification (completed buildings, developments (completed buildings) (offshore investments) under construction a
Slide 4: Strategy on Track to Deliver Exceptional Results
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 4 STRATEGY ON TRACK TO DELIVER EXCEPTIONAL RESULTS BUSINESS FOCUS Directly and indirectly held portfolio Waterfall City Rest of South Africa Business diversification (completed buildings, developments (completed buildings) (offshore investments and Attacq energy)
Slide 5: Completed South African Portfolio
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 5 COMPLETED SOUTH AFRICAN PORTFOLIO Waterfall City and Lynnwood Bridge Rest of South Africa precinct, Pretoria Brooklyn Bridge precinct, Pretoria MooiRivier Mall, Waterfall City, Potchefstroom Johannesburg Eikestad Mall, Stellenbosch Garden Route Mall, George Town
Slide 6: Retail-Experience Hubs Key Metrics
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 6 RETAIL-EXPERIENCE HUBS KEY METRICS May 2024 01 02 03 04 Occupancy rate Collection rate Number of new deals Trading density 96.1% 99.6% 35 leases R3 999/m² Jun 2023: 95.9% Jun 2023: 101.9% Jun 2023: 38 leases Jun 2023: R3 823/m² Pick ‘n Pay exposure – ensuring op
Slide 7: Monthly Trading Density
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 7 MONTHLY TRADING DENSITY TRADING DENSITY (m²) 9 000 Year-on-year growth 8 000 6.0% 7 000 6 000 6.0% 1.2% 5 000 5.0% 4 000 5.6% 2.9% 5.8% 6.0% 3 000 7.3% 2 000 Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun2 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 2022 20
Slide 8: Active Asset Management MooiRivier Mall
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 8 ACTIVE ASSET MANAGEMENT MOOIRIVIER MALL Creating property value and net property income • Spaces with low trading density were identified • House & Home space reduced and space created for @Home, resulting in › higher footfall and an improved shopper experience
Slide 9: Collaboration Hubs Key Metrics
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 9 COLLABORATION HUBS KEY METRICS 01 02 03 04 Occupancy rate Collection rate Number of new deals GLA of new deals 86.5% 100.4% 18 leases 16 545m² Jun 2023: 83.9% Jun 2023: 107.1% Jun 2023: 18 leases Jun 2023: 25 195m² Lynnwood Bridge centre management upgraded to m
Slide 10: Active Asset Management Allandale Building
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 10 ACTIVE ASSET MANAGEMENT ALLANDALE BUILDING 01 Our challenge • Large uninviting common area which was not in line with our strategy of creating collaborative spaces 6 189 After: reception area 5 284 02 Our response • Upgraded the common area 4 727 to an inviting
Slide 11: Logistics Hubs Key Metrics
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 11 LOGISTICS HUBS KEY METRICS 01 02 03 04 Occupancy rate Collection rate Number of new deals GLA of new deals 94.1% 99.9% 1lease 4 449m² Jun 2023: 100.0% Jun 2023: 99.8% Jun 2023: 2 leases Jun 2023: 9 188m² Amrod expansion, Waterfall City
Slide 12: Developing Waterfall City
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 12 DEVELOPING WATERFALL CITY Where living works Waterfall City, Johannesburg Aerial view of Waterfall City
Slide 13: Developments at Waterfall City
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 13 DEVELOPMENTS AT WATERFALL CITY Total GLA Total development 01 02 completed activity^ 23 320m² R1.2 billion Total GLA Ellipse residential – 03 04 under construction total bankable sales** and pipeline* 30 041m² 89.8% * m² of gross lettable area and gross saleabl
Slide 14: Completed Developments Logistics Hubs
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 14 COMPLETED DEVELOPMENTS LOGISTICS HUBS Midi-units logistics development • GLA on completion: ±14 641m² • Land Parcel: 9 South • Sector: Logistics hub • Comprising 3 buildings built on spec › Building 1 GLA: ±4 419m² - let › Building 2 GLA: ±4 883m² › Building 3
Slide 15: Under Construction Residential
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 15 UNDER CONSTRUCTION RESIDENTIAL Ellipse Waterfall • Gross sellable area (GSA) • Total bankable sales: 89.8% on completion: ±45 864m² • Sustainability and cost reduction • Land Parcel: 10 initiatives • Sector: Residential › 4-star GBCSA Green Building • Total Sol
Slide 16: Other Investments
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 16 OTHER INVESTMENTS Rest of Africa Retail Investments • Rest of Africa retail investments comprise: › 26.9% in AttAfrica (Accra Mall, West Hills Mall and Kumasi City Mall, Ghana) › 25.0% in Gruppo (Ikeja City Mall, Nigeria) • Formal discussions with Actis to acqu
Slide 17: Funding Update
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 17 FUNDING UPDATE Corporate Campus, Waterfall City
Slide 18: Interest-Bearing Borrowings
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 18 INTEREST-BEARING BORROWINGS May 2024 Dec 2023 Rest of INTEREST-BEARING BORROWINGS Total Waterfall City South Africa Total Gross interest-bearing debt (R’000) 5 784 532 3 158 690 2 625 842 5 924 830 Weighted average loan term (years) 3.5 4.0 2.9 3.8 Hedged as a
Slide 19: Interest-Bearing Borrowings Continued
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 19 INTEREST-BEARING BORROWINGS CONTINUED DEBT AND HEDGE MATURITY – MAY 2024 (R’000) 3 000 45.5% FUNDING MIX (%) 24.7 44.5% 2 000 5.3 12.3 29.4% May 2024 1 000 14.8% 3.6% 13.6% 17.5% 2.5% 11.7% 2.2% 11.9% 2.8% 16.6 R5.8 bn 142 1 334 2 018 2 633 161 127 792 678 686
Slide 20: Questions and Answers
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 20 QUESTIONS AND ANSWERS MooiRivier Mall, Potchefstroom
Slide 21: Corporate Information
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 21 CORPORATE INFORMATION 01 02 03 Independent non-executive directors Executive directors Company secretary P Tredoux (Chairperson) JR van Niekerk (CEO) W Modisapodi HR El Haimer (Lead independent) R Nana (CFO) [email protected] FFT De Buck TP Leeuw IN Mkhari GT R
Slide 22: Disclaimer
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 22 DISCLAIMER This presentation and any materials distributed in connection with this presentation may include certain forward-looking statements beliefs or opinions including statements with respect to the company’s business financial condition and results of ope
Slide 23: ATTACQ | PRE-CLOSE UPDATE JUNE 2024
ATTACQ | PRE-CLOSE UPDATE JUNE 2024 23