Page 148 - Profile's Stock Exchange Handbook 2022 Issue 1

JSE – INV Profile’s Stock Exchange Handbook: 2022 – Issue 1
Investec plc Investec Property Fund Ltd.
INV INV
ISIN: GB00B17BBQ50 SHORT: INVPLC CODE: INP ISIN: ZAE000180915 SHORT: INVPROP CODE: IPF
ISIN: GB00B4B0Q974 SHORT: INVPREFR CODE: INPPR REG NO: 2008/011366/06 FOUNDED: 2008 LISTED: 2011
ISIN: GB00B19RX541 SHORT: INVPREF CODE: INPP NATURE OF BUSINESS: IPF is a South African-domiciled REIT and
REG NO: 3633621 FOUNDED: 2002 LISTED: 2002 comprises a R21.3 billion investment portfolio of direct and indirect real
NATURE OF BUSINESS: Investec plc is an international, specialist bank estate investments in South Africa and Europe, where it continues to build
and asset manager that provides a diverse range of financial products and scale and relevance. The Fund’s investment strategy is premised on being
services to a niche client base in three principal markets, the United “property purists” i.e. adhering to an investment philosophy of acquiring
Kingdom, South Africa, and Australia as well as certain other countries. only quality assets with compelling property fundamentals in targeted
Investec plc is the controlling company of the majority of the group's sectors in selected geographies where it has in-country, on-the-ground
non-Southern African operations. expertise. In Europe, the Fund owns an effective 65% interest in a
SECTOR: Fins—Banks—Banks—Banks Pan-European portfolio of 48 logistics properties valued at EUR1.08
NUMBER OF EMPLOYEES: 8 700 billion and located in the major logistics corridors of seven European
DIRECTORS: Baldock H, BassaZBM(snr ind ne), BowdenLC(ne), countries, including the core countries of Germany, France and
CarolusCA(ne), Friedland D (ind ne), Kantor B, Koseff S (ne), Netherlands, which together comprise 80% of the portfolio. The
McFarland K (UK), Newton-KingNF(ne), Nyker J (ne), investment in PEL has resulted in logistics assets now comprising 49% of
ShuenyaneKL(ind ne), Sibiya P (ne), Stevenson B (ne), Wainwright R J, IPF’s total investments on a look-through basis.
Whelan C, Hourquebie P (Chair, ne), Samujh N A (CFO) SECTOR: RealEstate—RealEstate—REITS—Diversified
MAJOR ORDINARY SHAREHOLDERS as at 29 Nov 2021 NUMBER OF EMPLOYEES: 0
Public Investment Corporation (SOC) Ltd. 12.31% DIRECTORS: Hourquebie P (ind ne), Mashaba C (ind ne), MolopeCWN
M & G Plc 10.93% (ind ne), Riley N (ne), ShuenyaneKL(ind ne),
Prudential Group (ZA) 10.30% Ngoasheng M M (Chair, ind ne), Leon S R (Dep Chair, ne, It),
POSTAL ADDRESS: 2 Gresham Street, London, EC2V 7QP, United Mayers D (Joint CEO), Wooler A R (Joint CEO), Adams Z (CFO),
Kingdom, EC2V 7QP Sprenger J C (CFO)
MORE INFO: www.sharedata.co.za/sdo/jse/INP MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2021
COMPANY SECRETARY: David Miller Investec Group 24.31%
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. Coronation Fund Managers (Cape Town) 13.13%
6.16%
Government Employees Pension Fund
SPONSORS: Investec Bank Ltd., Merrill Lynch SA (Pty) Ltd.
AUDITORS: Ernst & Young LLP POSTAL ADDRESS: PO Box 78949, Sandton, 2196
MORE INFO: www.sharedata.co.za/sdo/jse/IPF
CAPITAL STRUCTURE AUTHORISED ISSUED COMPANY SECRETARY: Investec Bank Ltd.
INP Ords GBP0.02 ea - 696 082 618 TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
INPP Prefs GBP0.01 ea 100 000 000 2 754 587 SPONSOR: Investec Bank Ltd.
INPPR Prefs 0.01c ea - 131 447 AUDITORS: Ernst & Young Inc.
DISTRIBUTIONS [GBPp] CAPITAL STRUCTURE AUTHORISED ISSUED
Ords GBP0.02 ea Ldt Pay Amt IPF Ords no par value 1 000 000 000 804 918 444
Interim No 39 7 Dec 21 22 Dec 21 11.00
Final No 38 20 Jul 21 10 Aug 21 7.50 DISTRIBUTIONS [ZARc]
Ords no par value Ldt Pay Amt
LIQUIDITY: Jan22 Avg 8m shares p.w., R479.7m(62.5% p.a.) Interim No 23 7 Dec 21 13 Dec 21 49.77
BANK 40 Week MA INVPLC Final No 22 8 Jun 21 14 Jun 21 47.70
LIQUIDITY: Jan22 Avg 3m shares p.w., R32.5m(20.1% p.a.)
8996
REIV 40 Week MA INVPROP
7753
1779
6510
1504
5266
1230
4023
955
2780
2017 | 2018 | 2019 | 2020 | 2021
680
FINANCIAL STATISTICS
(GBP million) Sep 21 Mar 21 Mar 20 Mar 19 Mar 18 2017 | 2018 | 2019 | 2020 | 2021 406
Interim Final Final(rst) Final(rst) Final
Interest Paid 526 1 144 1 845 1 815 1 731 FINANCIAL STATISTICS
Sep 21
Interest Rcvd 985 1 922 2 684 2 632 2 491 (R million) Interim Mar 21 Mar 20 Mar 19 Mar 18
Final
Final
Final
Final
Operating Inc 342 377 487 611 644 NetRent/InvInc 546 1 054 1 427 1 504 1 560
Minority Int - 17 - 10 97 84 76
Total Inc 779 1 553 1 779 1 799 1 580
Attrib Inc 283 268 1 135 534 506 Attrib Inc 443 - 328 1 706 1 426 1 248
TotCompIncLoss 286 524 721 303 568 TotCompIncLoss 443 - 331 1 709 1 426 1 248
Ord SH Int 4 767 4 590 4 158 4 620 4 746 Ord UntHs Int 13 458 13 398 14 645 13 131 12 644
Dep & OtherAcc 38 648 36 853 35 719 34 323 33 918 Investments - - 661 1 627 1 358
Liabilities 47 941 46 200 45 660 52 473 50 706 FixedAss/Prop 13 758 14 637 16 643 16 212 17 004
Adv & Loans 31 050 29 244 27 712 27 461 27 645 Tot Curr Ass 558 1 467 4 201 1 295 867
ST Dep & Cash 3 958 3 517 3 932 4 993 4 041 Total Ass 24 014 25 148 31 150 21 670 19 953
Total Assets 53 454 51 532 50 558 57 724 56 134
Tot Curr Liab 2 299 3 397 6 787 1 455 1 277
PER SHARE STATISTICS (cents per share) PER SHARE STATISTICS (cents per share)
HEPS-C (ZARc) 494.00 567.38 403.77 660.42 596.41 HEPS-C (ZARc) 69.34 128.13 284.88 199.84 106.41
DPS (ZARc) 230.00 261.98 150.18 318.06 311.68 DPS (ZARc) 49.77 92.23 139.79 142.32 138.54
NAV PS (ZARc) 9 723.00 9 326.00 9 178.00 5 680.03 5 351.62 NAV PS (ZARc) 1 672.00 1 665.00 1 819.00 1 783.00 1 729.00
3 Yr Beta 1.56 1.63 1.46 0.83 0.93 3 Yr Beta 1.37 1.39 1.17 0.04 0.35
Price Prd End 6 466 4 519 3 294 5 870 6 575 Price Prd End 1 090 970 688 1 495 1 757
Price High 6 615 4 886 6 725 7 371 7 571 Price High 1 169 1 204 1 650 2 019 1 825
Price Low 4 440 2 761 2 518 5 307 5 892 Price Low 929 635 601 1 342 1 476
RATIOS RATIOS
Ret on SH Fund 9.66 4.85 25.16 11.77 10.72 RetOnSH Funds 6.59 - 2.44 11.65 10.86 9.87
RetOnTotalAss 1.29 0.74 0.97 1.07 1.16 RetOnTotAss 6.49 6.10 5.68 8.30 7.92
Interest Mgn 0.02 0.02 0.02 0.01 0.01 Debt:Equity 0.74 0.81 1.06 0.62 0.54
LiquidFnds:Dep 0.10 0.10 0.11 0.15 0.12
OperRetOnInv 7.94 7.20 8.25 8.43 8.50
OpInc:Turnover 72.15 71.83 80.46 81.54 83.72
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