DIPULA INCOME FUND LIMITED ANNUAL RESULTS PRESENTATION
FOR THE YEAR ENDED 31 AUGUST 2022
AVANTI
WESTERN CAPE
BUSINESS | FINANCIAL | WAY |
01 UPDATE | 02 UPDATE | 03 FORWARD |
Annual Results for the year ended 31 August 2022 | 2 |
KEY CORPORATE INFORMATION AT 31 AUGUST 2022
JSE sector | ||||
Real Estate | ||||
Investment Trusts: | Date listed | Closing price | ||
Diversified REITS | 17 August 2011 | DIB R3.95 | ||
NAV per share | Market capitalisation | Portfolio size | Gearing | Debt |
R6.63 | R3.6 billion | R9.6 billion* | 35.9% | R3.5 billion* |
Interest rate | Average | Asset & property | Credit rating | |
BBB+ (ZA) | A2 (ZA) | |||
hedge level | interest rate | management | ||
75% | 8.4% | In-house | long term | short term |
Outlook: stable |
* Including NCI and land
Annual Results for the year ended 31 August 2022 3
FY2022 STRATEGIC PRIORITIES
Objective | Outcome | Result | ||
Address risks related to A&B structure | Capital restructure implemented in June 2022 | |||
Distributable income growth of -5% | Distributable income growth of 0.1% to R552 million | Achieved | ||
Staff development, growth and retention rate of 90% | Implemented Thrive, study assistance and internship programmes. | |||
Staff retention rate of 96% | ||||
Increase community-based CSI initiatives | Various community based initiatives undertaken | |||
Ongoing | ||||
Continuous process automation | Implemented PowerBI and partly implemented Docuware | |||
Roll out solar projects of between 3 000kWp and 5 000 kWp | Rooftop solar projects of 15MWp planned in the next 12-18 months | |||
Commence the rolling out of water and electricity smart meters | All redundant meters replaced with smart meters | Work in progress | ||
Strategic revamps and extensions of R178 million over 18 to 36 months | R93 million invested in refurbishments | |||
Implement board succession | Three board members in the process of being replaced | |||
Portfolio vacancy target of 6% | Total portfolio vacancy of 10% | |||
Non-core disposals of R200 million | Non-core disposals of R56 million | Not achieved | ||
Achieve B-BBEE rating of level 6 | Obtained a level 8 B-BBEE rating | |||
Annual Results for the year ended 31 August 2022 4
01 BUSINESS UPDATE
SAPS VIP
GAUTENG
IZAK PETERSEN
CEO
Annual Results for the year ended 31 August 2022 | 5 |
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Dipula Income Fund Ltd. published this content on 18 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2022 11:48:08 UTC.
