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5/17/2016
RDC PROPERTIES LIMITED INTERIM RESULTS 2001….
Presented by:
G.Giachetti
M.Hadebe
L.Ramokate
REALESTATE GROUP
RDC PROPERTIES LIMITED Our Presentation
Highlights of the interim results 2001...
RDC over the years...
Market overview...
Drinks
2
RDC PROPERTIES LIMITED HIGHLIGHTS OF THE INTERIM RESULTS...
3
PROPERTY PORTFOLIO VALUE NOW AT
P 101 m Up 20% from P84m (MADAGASCAR,THOLO and MEBALA CENTER AT COSTS)
TURNOVER
P 6,950 m Up 31% from P5,326 m (AGAINST A FORECAST OF 28%)
PROFIT BEFORE INTEREST AND TAXATION :
P3,942 m Up 10% from P3,592 m (AGAINST A FORECAST OF 6%)
RDC PROPERTIES LIMITED
HIGHLIGHTS OF INTERIM 2001
4
POSITIVE CONTRIBUTION OF LAST YEARS
INVESTMENTS
TIGHT COST CONTROL - (last year interest income and forex gain represented 10%of profit -
now 1%; emphasizes the level of organic growth achieved).
SUBSTANTIAL IMPROVEMENT ON THE PROJECTIONS
RDC PROPERTIES LIMITED
RDC over the years...
5
Strong portfolio growth (value / income)
Consistent profitability.
Major focus on improving Unit-holders value.
MARKET RECOGNITION OF THE VALUE
RDC PROPERTIES LIMITED
RDC over the years...
6
Strong portfolio growth (value / income)
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001
0
100
200
300
400
500
600
PORTFOLIO VALUE PROFIT AFTER TAX INCOME
587 %
335%
496 %
Consistent PROFITABILITY
INDEXED: PROPERTY / PROFIT / RENT GROWTH
RDC PROPERTIES LIMITED
RDC over the years...
7
0
200
400
600
800
With Cap 100 176 230 288 343 382 416 447 457 587
Without Cap 100 176 230 288 321 351 362 383 371 457
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001
Major focus on improving Unit-holders value.
INDEXED: GROWTH OF UNIT HOLDER WEALTH COMPARATIVE
Capitalisation option exc.
Year Unit held
1992-95 10,000
1996 10,200
1997 10,500
1998 10,900
1999 11,100
2000 12,400
2001 12,400
RDC PROPERTIES LIMITED
RDC over the years...
9
TRADING AT A LARGE DISCOUNT TO NAV
0
20
40
60
80
100
NAV 34 35 40 50 52 55 59 74 77 79
Market Cap 32 16 28 26 44 50 61 58 35 44
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001
44%
Discount to NAV
RDC PROPERTIES LIMITED
MARKET OVER VIEW
10
DEMAND FOR PRIME PROPERTIES IS STILL STRONG
CEDA PROVIDES OPPORTUNITIES FOR JV -
OUR GROUP HAS DONE MANY JV IN THE PAST AND HOPE THAT OUR
PARTNERS CAN TAKE ADVANTAGE OF REDUCED FINANCING COSTS.
THE MARKET IS MOVING FROM A DEVELOPMENT
MARKET TO A RE-DEVELOPMENT MARKET.
11
RDC PROPERTIES LIMITED In summary...
THE YEAR 2001 IS PROVING A VERY GOOD YEAR FOR RDC
PROSPECT FOR THE YEARS TO COME ARE POSITIVE
THANK YOU