Hyprop Investments Limited · JSE:HYP
Hyprop Investments — Corporate Update (June 2023)
19 slides from Hyprop Investments's corporate update, Jun 27, 2023
Slide 1: Pre-Close Operational Update
Pre-Close Operational Update five months ended 31 May 2023
Slide 2: Highlights
Highlights Good progress towards strategic initiatives Group South Africa Eastern Europe Sub-Saharan Africa Non-Tangible Assets • MSCI ESG Rating • Trading performance • Solid trading • Secured USD8.5 • SOKO physical upgraded from A to AA continued to improve steadily performance across million in N
Slide 3: Operational performance South Africa
Operational performance South Africa Clearwater Mall, Johannesburg
Slide 4: New tenants
New tenants South Africa Rosebank Mall Rosebank Mall Clearwater Mall Clearwater Mall Somerset Mall CapeGate Canal Walk Woodlands The Glen The Glen 4
Slide 5: Operational performance metrics
Operational performance metrics South Africa – 12 months ended May 2023 10 000 000 000 1.4% 14.0% 12.2% 11.2% 11.4% 1.2% 12.0% 9.9% 1 000 000 000 8.9% 1.0% 10.0% 8.0% 0.8% 100 000 000 1.2% (9.5%) 13.6% 13.4% (1.6%) 6.0% 0.6% Other Metrics 4.0% 0.4% Effort Ratio 10 000 000 2.0% 0.2% 1 000 000 0.0% 0.
Slide 6: South Africa – Five months metrics
Operational performance metrics South Africa – Five months Tenant Turnover Trading Density 11.2% 11.9% 9.6% 8.1% 8.7% 10.2% 10.9% 7.8% 6.5% 7.9% 2 500 4 000 Millions 3 500 2 000 3 000 R Millions Rands 1 500 2 500 2 000 1 000 1 500 1 000 500 500 0 0 Jan Feb Mar Apr May Jan Feb Mar Apr May Foot Count
Slide 7: Leasing Activity
Leasing Activity South Africa – Year to date Renewal Renewal Average of retention rate % of Total workload Contractual Lease Period (by number of Gross Lettable renewal Leasing completed (m2) Reversion rate Escalation Rate (Year) tenants) Area (m²) workload Retail 80 978 (10.6%) 6.5% 3.5 87.8% Renew
Slide 8: Impact of loadshedding
Impact of loadshedding July - December 2022 January - May 2023 • Full backup generator capacity with 81 generators across the SA portfolio Total cost of loadshedding 41 431 638 55 325 636 other than Canal Walk – currently commissioning 6 prime rate generators • Bulk diesel tanks with 7 days capacity
Slide 9: Operational performance Eastern Europe
Operational performance Eastern Europe Skopje City Mall, Skopje, North Macedonia
Slide 10: New tenants
New tenants Eastern Europe Skopje City Mall Skopje City Mall City Center one East City Center one East City Center one East City Center one West City Center one West The Mall in Sofia The Mall in Sofia The Mall in Sofia The Mall in Sofia The Mall in Sofia 10
Slide 11: Eastern Europe operational performance metrics
Operational performance metrics Eastern Europe – 12 months ended May 2023 600 000 16% 15% 500 000 14% 16% 400 000 (9%) (4%) 12% 300 000 10.6% 10.8% 10.8% 10% 200 000 10.5% 9.7% 8% 100 000 - 6% 30 000 14% (14%) 13% 25 000 (15%) 20 000 15 000 10 000 (17%) (19%) 19% 10% 5 000 - (6%) (6%) 10% 14% June -
Slide 12: Eastern Europe – Five months
Operational performance metrics Eastern Europe – Five months Tenant Turnover Trading Density 25.1% 22.2% 22.2% 14.2% 8.8% 26.7% 24.3% 22.4% 14.8% 9.8% 60 350 50 300 € Millions 250 40 Euro 200 30 150 20 100 10 50 0 0 Jan Feb Mar Apr May Jan Feb Mar Apr May Foot Count Vehicle Count 25.2% 17.4% 11.8% 9
Slide 13: Leasing Activity
Leasing Activity Eastern Europe – Year to date Rentable Reversion Contractual Gross lettable % of total Leasing area (m²) Rate escalation (%) area (m2) portfolio Retail 34 589 3.9% 8.6% 18.4% New Letting 7 448 11.6% 8.6% 187 902 4.0% Renewal 27 141 1.8% 8.6% 14.4% Offices - - - - Total 34 589 3.9% 8
Slide 14: Operational performance Sub-Saharan Africa
Operational performance Sub-Saharan Africa Accra Mall, Ghana
Slide 15: Sub-Saharan Africa – Four months
Operational performance metrics Sub-Saharan Africa – Four months Tenant Turnover (Cedi) Trading Density (Cedi) 22.3% 22.4% 30.6% 28.85% 53.3% 46.6% 50.0% 50.1% 70 000 000 2 000 60 000 000 50 000 000 1 500 40 000 000 1 000 30 000 000 20 000 000 500 10 000 000 0 0 Jan Feb Mar Apr Jan Feb Mar Apr Tenan
Slide 16: Sub-Saharan Africa – Foot Count and Vacancy
Operational performance metrics Sub-Saharan Africa – Four months Foot Count Vacancy 23.2% 23.0% 22.9% 22.9% (5.2%) (21.2%) (4.0%) 9.3% 2 500 000 2 000 000 12.9% 12.8% 12.7% 12.2% 11.7% 1 500 000 11.6% 11.4% 11.3% 11.1% 11.0% 11.1% 10.8% 7.9% 7.8% 1 000 000 7.4% 7.4% 500 000 0 Jan Feb Mar Apr Jan Feb
Slide 17: In closing
In closing Somerset Mall, mini-food court artistic impressions
Slide 18: Purpose and priorities
Purpose and priorities How we do it Purpose Owning and managing dominant retail centres Creating spaces and connecting people in mixed-use precincts in key economic nodes in South Africa and Eastern Europe Eastern Sub-Saharan Non-Tangible Group South Africa Europe Africa Assets Maintain LTV of Woodl
Slide 19: Investor Relations
Investor Relations Boitumelo +27 11 447 0090 / [email protected] Somerset Mall, Nooka Flexible Office Space