V&A Waterfront Presentation Welcome Growthpoint Investors - September 28, 2016
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V&A Waterfront Presentation
Welcome
Growthpoint Investors
September 28, 2016
Business update Alex Kabalin, Retail Executive
Retail Highlights
• More than R6 billion in Sales
• In excess of 25 million visitors
• Best Trading Density compared to other super
regionals in country
• Enterprise development growth with great
results at Watershed
• Sustained retail sales Growth
The new kid on the block…
Footfall growing again – Now in excess of 25 Million visitors
Vehicle numbers ever increasing now over 5 million
FOOTFALL
3250 000
2750 000
2250 000
1750 000
1250 000
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2015 2016
PARKING
650 000
600 000
550 000
500 000 2013
450 000 2014
400 000 2015
350 000 2016
300 000
250 000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Our retail sales performance continues to outstrip national
sales and inflation
Year-on-year % change in Total Retail Sales
CPI Retail Trade Sales V&A Waterfront
35.0%
32.1%
31.2% 31.0%
30.0%
27.5%
25.0% 24.0%
22.4%
21.7%
21.0%
20.0%
16.9%
15.0% 14.2%
9.6%
10.0% 9.0%
8.2% 8.0% 8.4%
7.7% 7.7% 7.7% 7.5%
7.0%
6.2% 6.3% 6.2% 6.1% 6.3% 6.0% 5.9%
4.8% 5.2%
5.0%
0.0%
Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16
Trading Density Highly correlated with Sales
Sales and Trading Density Growth
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16
TD Growth Sales Growth
Consistent sales growth
Rolling 12 Months sales
7 000 000 000
6 000 000 000
5 000 000 000
4 000 000 000
3 000 000 000
2 000 000 000
1 000 000 000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012 2013 2014 2015 2016
Tenant Mix – Carefully Curated and focused on first to market
Hotels are benefitting from Cape Town’s popularity & the
weaker currency
HOTEL OCCUPANCY %
80.0
Aug-16
75.0 Aug-15
70.0
O
C
C 65.0
U
P
60.0
A
N
C 55.0
Y
% 50.0
45.0
40.0
Source: STR Global's ReportSmall business continues to grow, both in numbers and performance
Watershed – the new home for craft and design and
performing above expectations
• Sales – average monthly turnover R12m
• Trading Densities in excess of R6000/m²
• Renewals - 95% retention rateResidential to let offerings – a new Income stream
In keeping with our philosophy of doing good is good business, we’ve just completed 2MW of Solar and are investigating further seawater cooling options
The V&A Waterfront was celebrated as one of the world’s top sustainable destinations in the Tourism for Tomorrow awards
We are represented at, or take part in, the leading international tradeshows
Our management of the cruise terminal has been very well
received by operators, passengers and authorities
• 36 cruise liners since October 2015
• Over 27,000 pax and 12,500 crew members
• Shuttle service, where needed, to the WatershedThe new tank at the Two Oceans Aquarium will open this winter – an added attraction for TOA and the Avenue
Development overview
A number of developments within the Silo District are nearing
completion; this has been a R4.5bn investment
24Silo District
No. 3 Silo increases opportunities to live at the V&A
Waterfront
25Silo District
No. 3 Silo increases opportunities to live at the V&A Waterfront
• 79 units
• 87% pre sold
• Occupation March 2017 26Silo District
No. 4 Silo will house Cape Town’s first Virgin Active Classic gym
27Silo District
No. 4 Silo
No. 3 Silo No. 4 Silo
Residential Virgin Active
• Opening November 2016
28Silo District
No. 5 Silo will be shared by pwc and Werksmans
• Completed and Occupied
29Silo District
No. 6 Silo is the first Radisson Red hotel for the city, described as a
“lifestyle hotel for the millenial mindset”
• Anticipated opening September 2017
30Canal District We are currently building a new head office for British American Tobacco
Canal District
Waterway House
32Canal District
Artist’s impression
33As a result of all the new development, we will be welcoming a number of blue chip multi-nationals to the V&A Waterfront
Silo District The conversion of the Grain Silo into Zeitz MOCAA continues
Silo district Zeitz MOCAA is where Africa will tell its stories
Silo District
Zeitz MOCAA opens in 23 September 2017
37The Cape Town Cruise Terminal is within a five minute walk into the Silo district, and will connect directly to a My Citi route
All indications are for a bumper Festive Season
Thank you
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