Financier Facilitator ∙ ∙InnovatorFinancier Facilitator Innovator∙ ∙

Thursday, 3 July 2014

Financier Facilitator ∙ ∙InnovatorFinancier Facilitator Innovator∙ ∙Financier Facilitator Innovator∙ ∙

Financier Facilitator ∙ ∙InnovatorFinancier Facilitator Innovator∙ ∙

Financier Facilitator ∙ ∙InnovatorFinancier Facilitator Innovator∙ ∙Financier Facilitator Innovator∙ ∙

Rental AssistanceRental Assistance

•Private Rental •Social Housing •Private Rental •Social Housing

Housing Finance AccessHousing Finance Access

• Home ownership• Retail (Incremental)• Subsidies (FLISP) • MDI & Fixed Rate

Instrument

• Home ownership• Retail (Incremental)• Subsidies (FLISP) • MDI & Fixed Rate

Instrument

Strategic Investment Partnerships

Strategic Investment Partnerships

• Income-Linked Product (JV)

• Investment in IHS• TUHF

• Income-Linked Product (JV)

• Investment in IHS• TUHF

• Including Inner City• Partnership with the SHRA• Including Inner City• Partnership with the SHRA

• Partnership with Banks• Non-Banking Fin. Intermediary• Province, Developers and

Banks• Mainly Banks

• Partnership with Banks• Non-Banking Fin. Intermediary• Province, Developers and

Banks• Mainly Banks

• R 100m, R 625m

• R 300m, R3bn and R 10bn• NHFC R 450m vs Others R1 400m

• R 100m, R 625m

• R 300m, R3bn and R 10bn• NHFC R 450m vs Others R1 400m

Financier Facilitator ∙ ∙InnovatorFinancier Facilitator Innovator∙ ∙Financier Facilitator Innovator∙ ∙

Developmental Impact 2015 2016 2017

Housing opportunities created

Private Rental 1 817 2 289 3 948

Social Housing 3 028 2 943 1 856

Home Ownership 764 908 902

Incremental Loans 1 999 3 966 5 429

Total impact through disbursements 7 609 10 106 12 135

Impact leveraged through others 5 416 19 803 30 245

Total Impact 13 025 29 909 42 379

Financier Facilitator ∙ ∙InnovatorFinancier Facilitator Innovator∙ ∙Financier Facilitator Innovator∙ ∙

R’000 m

NHFC INVESTMENT 82 165 300 547

Equity 82 20 300 402

Junior Debt 145 - 145

% Shareholding 33.4% 33.3% 10%

LEVERAGED FUNDS 750 639 12 700 14 089

Leveraged Ratio 1:9 1:5 1:42

DEVELOPMENTAL IMPACT (UNITS)

19 000 2280 43 000 64 280

STRATEGIC PARTNERS

PIC √OMCH √ √

IFC √ESKOM √

OPIC √

TOTAL

Financier Facilitator ∙ ∙InnovatorFinancier Facilitator Innovator∙ ∙Financier Facilitator Innovator∙ ∙

Developmental Impact 2015 2016 2017

       

Housing opportunities 13 025 29 909 42 379

       

Beneficiaries benefitting 49 494 113 653 161 042

       

Number of jobs created 13 736 15 749 17 324

       

Value of disbursements targeted towards 118 143 157

women-managed/owned companies (R'm)      

       

Funding Impact      

       

Disbursements (R'm) 594 707 776

       

Leveraged Funds (R'm) 1 910 2 379 2 536

       

Total Funding Impact (R'm) 2 504 3 086 3 312

Financier Facilitator ∙ ∙InnovatorFinancier Facilitator Innovator∙ ∙Financier Facilitator Innovator∙ ∙

Group Company Group Company Group CompanyMar-15 Mar-15 Mar-16 Mar-16 Mar-17 Mar-17Budget Budget Budget Budget Budget BudgetR' 000 R' 000 R' 000 R' 000 R' 000 R' 000

Lending income 207 884 231 058 262 592 286 428 368 997 391 405 Investment on investments 7 860 7 860 17 958 17 958 18 268 18 268 Rental Income 4 191 4 191 4 583 4 583 5 032 5 032 Dividends received 158 1 872 158 1 872 158 1 872 Sale of houses 200 909 - 102 921 - 112 389 - Revenue 421 003 244 981 388 212 310 840 504 844 416 577 Cost of sales (188 928) - (93 500) - (102 115) - Impairments (43 475) (48 537) (50 602) (55 525) (88 139) (94 686) Gross profit 188 599 196 444 244 110 255 314 314 589 321 891 Other operating income 20 446 - 22 224 - 23 985 - Operating expenses (140 125) (118 031) (142 773) (126 900) (152 786) (135 783) Operating profit/ (Loss) 68 920 78 413 123 560 128 415 185 788 186 108 Bad Debts (5 179) (5 179) (5 458) (5 458) (5 764) (5 764) Finance costs (25 253) (25 056) (34 041) (33 933) (52 656) (52 656) Share of profit of associates 8 465 - 9 311 - 10 242 - Profit/ (Loss before tax) 46 953 48 178 93 372 89 023 137 610 127 688 Taxation (13 490) (13 490) (24 927) (24 927) (35 753) (35 753) Surplus after tax 33 463 34 688 68 446 64 097 101 858 91 935

Financier Facilitator ∙ ∙InnovatorFinancier Facilitator Innovator∙ ∙Financier Facilitator Innovator∙ ∙

Group Company Group Company Group CompanyMar-15 Mar-15 Mar-16 Mar-16 Mar-17 Mar-17Budget Budget Budget Budget Budget Budget

Assets R' 000 R' 000 R' 000 R' 000 R' 000 R' 000

Loan Assets 2 491 213 2 766 330 3 047 714 3 275 891 3 570 630 3 781 687 Instalment sale receivables 113 898 - 158 593 - 155 743 - Investment Property 78 584 51 000 78 584 51 000 78 584 51 000 Other non current assets 134 162 132 112 142 103 130 820 149 770 128 245

2 817 857 2 949 442 3 426 995 3 457 711 3 954 728 3 960 932 Properties developed for sale 169 810 - 71 284 - 53 103 - Money Market Investment and Other Current Assets 520 425 509 617 597 264 585 946 598 371 600 663 Total 3 508 092 3 459 059 4 095 542 4 043 657 4 606 202 4 561 596

Equity and liabilitiesCapital and reserves 2 707 980 2 701 123 3 196 426 3 185 219 3 523 284 3 502 155 Non current liabilities 702 189 688 628 786 145 774 146 962 621 951 656 Current liabilities 97 922 69 308 112 970 84 292 120 297 107 786

Total 3 508 092 3 459 059 4 095 541 4 043 657 4 606 202 4 561 596

Financier Facilitator ∙ ∙InnovatorFinancier Facilitator Innovator∙ ∙Financier Facilitator Innovator∙ ∙

2015 2016 2017

R'm R'm R'm

Debt Funding 112 138 250

Shareholder Support 230 420 225

342 558 475