Enhanced Investments - Financial Portal

Capital markets day and pre-close update and trading statement

Published: 2022-08-24 10:00:43 ET

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/018591/06)
JSE share code: RDF ISIN: ZAE000190252
LEI: 37890061EC026A7DA532
Debt company code: BIRDF
(Approved as a REIT by the JSE)
(“Redefine” or “the company”)



CAPITAL MARKETS DAY AND PRE-CLOSE UPDATE AND TRADING STATEMENT



Shareholders and noteholders are advised that Redefine is hosting a capital markets day and pre-close
update on Wednesday, 24 August 2022. A copy of the investor presentation, which will be presented to
members      of   the    investment     community,    is   available   on  the  company’s    website:
https://www.redefine.co.za/view-file/Capital-Markets-Day-presentation.pdf.

A recording of the capital markets day will be available on the company’s website:
https://www.redefine.co.za/investors/announcements-and-webcasts/2022/webcasts on Thursday, 25 August
2022.

The investor presentation provides guidance in respect of distributable income for the year ending
31 August 2022 (“FY2022”) of 52.6 cents per share, which is within the previously provided guidance included
in the company’s interim results for the six months ended 28 February 2022.

Redefine has also provided distributable income guidance in respect of the year ending 31 August 2023
(“FY2023”) of between 54.2 cents per share and 56.4 cents per share, being an increase of between 3.0%
and 7.2% compared to FY2022.

The guidance for FY2023 is based on the following assumptions:
- The existing trading conditions in South Africa prevail for FY2023;
- The contribution from EPP N.V. comprises between 8.5 cents and 9.5 cents per Redefine share for FY2023;
  and
- The inflation outlook risk is contained, with rising interest rates remaining below long-term average levels.

The company expects to apply a dividend pay-out ratio of between 80% and 90% of distributable income,
depending on anticipated operational capital expenditure requirements. Accordingly, the dividend per share
for FY2022 is expected to be between 42.1 cents per share and 47.3 cents per share.

This trading statement has not been reviewed or reported on by Redefine’s independent external auditors.

24 August 2022



Sponsor and debt sponsor

Java Capital
“

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.