Page 120 - Profile's Stock Exchange Handbook - 2021 Issue 3

JSE – EPP Profile’s Stock Exchange Handbook: 2021 – Issue 3
EPP N.V. CALENDAR Expected Status
Next Interim Results Sep 2021 Unconfirmed
EPP
Next Final Results Mar 2022 Unconfirmed
Annual General Meeting May 2022 Unconfirmed
CAPITAL STRUCTURE AUTHORISED ISSUED
EPP Ords of EUR 0.81 ea 2 572 645 659 907 946 792
DISTRIBUTIONS [EURc]
Ords of EUR 0.81 ea Ldt Pay Amt
Interim No 6 1 Oct 19 7 Oct 19 5.80
ISIN: NL0011983374 SHORT: EPP CODE: EPP Final No 5 2 Apr 19 8 Apr 19 5.78
REG NO: 64965945 FOUNDED: 2016 LISTED: 2016 Interim No 4 2 Oct 18 8 Oct 18 5.82
Final No 3 10 Apr 18 16 Apr 18 5.68
NATURE OF BUSINESS: LIQUIDITY: Jun21 Ave 3m shares p.w., R30.0m(18.8% p.a.)
EPP is a Dutch based real estate investment company and one
REIV 40 Week MA EPP
of the leading owners of retail space in Poland. The majority of
its properties are located in the main and regional cities across 2350
the country. EPP operates in a market characterised by its 1976
strong and resilient economy, growing purchasing power and
ability to attract international investment interests. EPP is the 1601
only JSE-listed property company with a retail focus on 1226
Poland.The portfoliospans29retailproperties, sixofficesand
one development project across Poland. 852
SECTOR: RealEstate—RealEstate—InvestmentServices—Holdings 2017 | 2018 | 2019 | 2020 | 477
MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2020
Redefine Properties Ltd. 45.44% Recent Announcements
Tensai Investments Pty) Ltd. 8.15% Tuesday, 22 June 2021: The 14-day case notification rate of new
Government Employees Pension Fund 5.89%
COVID-19 infections in Poland has been in a steady decline since
FINANCIAL STATISTICS
(Amts in EUR'000) Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 its peak on 1 April 2021, dropping to 14 new cases per 100 000 in-
Final Final Final Final Final(rst) habitants as of 17 June 2021 – one of the lowest levels in the
NetRent/InvInc 114 205 148 100 142 674 103 255 67 302 European Union (“EU”). The significant improvement of the
Int Recd 1 174 6 229 4 865 7 419 7 339 medical situation has been attributed, amongst others, to the
Profit/Loss before tax 77 705 157 731 171 298 110 883 75 517 progress of the revised national vaccination programme. It is
Tax - 7 405 21 615 13 427 32 557 19 424 already ahead of schedule, with 26 million COVID-19 vaccine
Attrib Inc - 87 905 65 181 124 165 128 348 72 328
TotCompIncLoss - 187 800 76 047 118 356 128 498 71 894 doses administered in Poland and 42% of the population vacci-
Hline Erngs-CO 99 961 61 120 87 454 46 053 32 045 nated with at least one dose (as of 17 June). In addition, on 7 June
Ord UntHs Int 897 972 1 087 372 1 022 688 833 821 607 438 2021 Poland commenced vaccinating children over 12 years of
TotStockHldInt 897 972 1 087 372 1 022 688 833 821 607 438 ageaswell, as thepermission to usethe Pfizer vaccine on this age
Investments 2 288 168 2 492 501 2 340 435 1 771 581 1 413 717 group was recently granted by the European Commission.
FixedAss/Prop - - - 47 85 The progress of the Polish vaccination programme is in line with
Tot Curr Ass 177 484 105 661 111 355 154 569 85 564 the EU which remains on track to vaccinate at least 70% of its
Total Ass 2 476 367 2 606 715 2 471 715 1 952 114 1 509 398
Tot Curr Liab 76 437 75 506 61 815 176 583 83 502 residents by the end of European summer, and 46% of its popula-
tion has received at least one dose to date. Based on the experience
PER SHARE STATISTICS (cents per share) of the United Kingdom and Israel, both of which are more
EPLU (ZARc) - 182.26 121.33 240.39 301.02 320.72
HEPLU-C (ZARc) 206.88 111.94 168.90 108.74 141.64 advanced on the path to mass immunisation, it is believed that
Pct chng p.a. 84.8 - 33.7 55.3 - 23.2 - massvaccinationsarethemosteffectivewaytostopthepandemic.
Tr 5yr av grwth % 16.6 - - - - The consistent decline in the rate of new infections in Poland,
DPLU (ZARc) - 94.36 194.51 163.20 42.71 together with the progress in the vaccination programme, has
Pct chng p.a. - 100.0 - 51.5 19.2 282.1 - allowed the government to lift the majority of the limitations.
Tr 5yr av grwth % 30.0 - - - - Since 26 April 2021, regulations have been gradually eased with
NAV (ZARc) 1 952.19 2 067.20 2 223.45 1 961.52 1 675.04 shopping centres widely reopened on 4 May 2021. Gyms,
3 Yr Beta 1.59 - 0.08 - - -
Price Prd End 1 035 1 715 1 875 1 700 1 950 cinemas and food courts are currently free to operate and indoor
Price High 1 774 2 100 2 183 2 199 2 450 dining is allowed in accordance with the required sanitary
Price Low 434 1 631 1 382 1 315 1 900 standards. Furthermore, schools, entertainment facilities and
RATIOS hotels have reopened, and outdoor events such as outdoor
RetOnSH Funds - 9.79 5.99 12.14 15.39 11.91 festivalsandstadiumeventsareallowedtoresumeoperations.
RetOnTotAss 3.14 6.05 6.93 5.68 5.00 Economic update
Oper Pft Mgn 58.07 96.39 108.76 73.09 79.26 Despite the challenges of the pandemic, Poland remains a stable
Debt:Equity 1.61 1.26 1.29 1.16 1.34
OperRetOnInv 4.99 5.94 6.10 6.21 4.86 and attractive investment destination with optimistic forecasts.
OpInc:Turnover 85.35 90.51 90.58 67.73 69.34 Oxford Economics anticipates GDP growth in Poland for 2021
SH Ret On Inv - 78.79 157.86 137.54 41.21 and 2022 of 3.9% and 4.4%, respectively. Poland, which is the
NUMBER OF EMPLOYEES: 220 sixth largest economy in the EU, is located in the heart of
DIRECTORS: van Loon S (ind ne), Central and Eastern Europe (“CEE”), an emerging region with
Trzoslo T (CEO), Baginski J (CFO), already strong purchasing power, and is expected to experience
Weisz R (Chair, ind ne), Belka M (ind ne),
de Groot T (ind ne), Dyjas M (ne), one of the highest European growth rates in household income
Ellerine D (ind ne), KonigAJ(ne), and consequently, consumer spending increase by 2030.
Prinsloo P (ne), TempletonJWA(ind ne) In addition, the unemployment rate in Poland is declining and is
EMAIL: HQoffice@epp-poland.com expected to continue its downward trend for the next years.
WEBSITE: www.epp-poland.com Poland’s unemployment rate of 3.3% at the end of 2020 was one
TELEPHONE: 004822-221-7110 Scan the QR code to
FAX: 004822-430-0301 visit our website ofthelowestintheEUandisexpectedtodropfurtherto2.6%by
COMPANY SECRETARY: Rafal Kwiatkowski 2023. This, coupled with consistently rising wages, is expected
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. to further stimulate consumption and retail spending. Retail
SPONSOR: Java Capital sales in Poland are forecasted to grow by 4.9% and 3.3% in 2021
AUDITORS: Ernst & Young Inc., Ernst & Young LLP
and 2022 respectively.
118