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CREATING INNOVATIVE PROPERTY OPPORTUNITIES THAT DELIVER LONG-TERM SUSTAINABLE STAKEHOLDER VALUE

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COMPANY PROFILE

Octodec, a real estate investment trust (REIT) listed on the Johannesburg Stock Exhange and one of the largest owners of property in the Tshwane and Johannesburg CBDs,is committed to delivering long-term stakeholder value through an innovative and visionary perspective on property investment.

OUR BOARD IS COMPRISED OF LEADERS IN THE PROPERTY AND FINANCE INDUSTRY, CAPABLE OF PROVIDING THE EXPERTISE AND INSIGHT TO DRIVE OCTODEC FORWARD

Non-Executive Directors

Chairman
BA LLB (cum laude)

Date of appointment: 4 October 1994 Board committee memberships: Member of the nominations, social, ethics, remuneration and transformation and risk committees. Significant other directorships: Transaction Capital Limited Number of non-significant dire

MYRON POLLACK
CA(SA)

Date of appointment: 4 October 1994 Board committee memberships: Member of the independent sub-committee, risk, nominations and social, ethics, remuneration and transformation committees. Significant other directorships: None Number of non-significant

Executive Directors

JEFFREY WAPNICK
Managing director
BCom

Date of appointment: 2 October 1998 Board committee memberships: Member of the risk committee. Significant other directorships: Premium Properties Limited Number of non-significant directorships: Sixty-three Skills and expertise: Finance, industry expe

ANTHONY STEIN
Financial director
CA(SA)

Date of appointment: 1 July 2009 Board committee memberships: Member of the risk committee. Significant other directorships: Premium Properties Limited Number of non-significant directorships: Nineteen Skills and expertise: Finance, industry experience

Independent Non-Executive Directors

DEREK COHEN
Lead independent director
AEP (Unisa)

Date of appointment: 1 October 2009 Board committee memberships: Chairman of the nominations and independent sub-committees and a member of the audit, risk, and social, ethics, remuneration and transformation committees. Significant other directorships

GERARD KEMP
MSc (Mining Engineering), DPLR, MDP

Chairman of the social, ethics, remuneration and transformation committee and a member of the independent sub-committee, audit, risk and nominations committees.

NYIMPINI MABUNDA
MBA, Post Graduate Diploma (Marketing Management), BSocSci

Date of appointment: 11 February 2019 Board committee memberships: None Significant other directorships: None Number of non-significant directorships: Six Skills and expertise: General management, business operations, risk and opportunity management, s

M Mojapelo
BA (Hons) (Education), MAP, Dip HR, MBA

Date of appointment: 1 March 2020 Board committee memberships: Member of the social, ethics, remuneration and transformation committee. Significant other directorships: The Rand Mutual Assurance Company Limited and RMA Life Assurance Company Limited Nu

PIETER STRYDOM
MCom (cum laude) CA(SA)

Date of appointment: 6 February 2012 Board committee memberships: Chairman of the audit and risk committees and a member of the independent sub-committee and nominations committees. Significant other directorships: Old Mutual Nigeria Life Assurance Com

Louis Van Breda
CA(SA)

Date of appointment: 1 March 2020 Board committee memberships: Member of the audit and risk committees. Significant other directorships: None Number of non-significant directorships: One Skills and expertise: Louis has deep sector knowledge and experie

OUR FOCUS IS ON UNLOCKING VALUE IN URBAN SPACES

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STRATEGY & BUSINESS MODEL

Our focus is on unlocking value in urban spaces. The purpose of this is to maintain and grow distribution to our shareholders. We do this by growing our existing portfolio and focusing on redeveloping and upgrading properties. We continue to investigate new frontiers at all times.

WE USE OUR BUSINESS MODEL TO UNLOCK AND CREATE VALUE FOR OUR STAKEHOLDERS, BEYOND ONLY FINANCIAL RETURN

OCTODEC’S SIX CAPITALS

WE USE OUR BUSINESS MODEL TO UNLOCK VALUE BY USING OUR FINANCIAL, HUMAN, SOCIAL AND RELATIONSHIP, MANUFACTURED, INTELLECTUAL AND NATURAL CAPITAL TO BUILD A SUSTAINABLE, PROFITABLE BUSINESS AND CREATE VALUE FOR OUR STAKEHOLDERS, BEYOND ONLY FINANCIAL RETURN.

Each of the six capitals consists of resources and relationships, which are constantly being increased, decreased and transformed through our activities. They include the inputs, activities, outputs and outcomes of our business model.

six capitals graphic

financial capital


Octodec’s financial resources include cash generated from rental income and the resources we obtain from equity, debt funding and the proceeds from the recycling of properties.

manufactured capital


We use our manufactured capital, which includes the properties, infrastructure and equipment we own, to grow our financial capital by generating rental income.

human capital


The individual skills competencies and experience of our people, their safety, health, wellbeing and motivation make up our stock of human capital.

intellectual capital


Our collective expertise and processes and the strategies, policies, procedures, standards and codes that govern how we do business make up our stock of intellectual capital and provide us with a competitive advantage.

social and relationship capital


The relationships Octodec has established through its engagement with its tenants, suppliers, employees, government and business partners are central to our business, as are the contributions we make to the long-term sustainability of the communities in which we operate.

natural capital


As members of the Green Building Council, we are committed to greater environmental responsibility and the development and diffusion of environmentally friendly technologies.

Transpharm, a division of Shoprite Checkers, one of South Africa ‘s largest pharmaceutical wholesalers and distributors and a tenant in one of
our upgraded industrial properties

OPERATING STRUCTURE

City Property provides the specialist leasing, portfolio management and marketing skills necessary to deliver excellent customer service to our tenants on our behalf. It is mandated to secure an appropriate mix of tenants for the various sectors of our diverse portfolio at rentals that allow us to create stakeholder value using an innovative approach to retaining tenants and keeping vacancies low.

B-BBEE COMPLIANCE & TRANSFORMATION

Our operating model

The new management agreement between City Property and Octodec was implemented with effect from 1 July 2018. The services that City Property has undertaken to provide for and on behalf of Octodec are summarised below:

Property management Asset management Specialist services
City Property is responsible for
all services that are typical of
traditional property management. These include leasing, billing, collections, utility management,
property accounting and expense management.
As part of the “all-in” service
rendered by City Property, it sources and advises on investment opportunities, sales and acquisitions (including ancillary processes such as feasibilities and due diligence investigations), and financial management. It monitors the regulatory environment and advises on income enhancing opportunities.
Certain specialist skills have been developed to manage the unique challenges prevalent in the Octodec portfolio. These include the establishment and maintenance of various stakeholder relationships,
tenant installation services, repairs and maintenance, risk, legal, HR, IT, compliance and account management, as well as credit control.

OCTODEC IS COMMITTED TO BEING A RESPONSIBLE AND LAW-ABIDING CORPORATE CITIZEN

Transparency and Accountability

governance


Octodec is committed to being a responsible and law-abiding corporate citizen. To ensure we discharge our legal and regulatory responsibilities we identify, prioritise, manage, monitor and report on any compliance risk facing us.

risk management


Our risk management framework addresses all significant risks and implements a bottom-up top-down approach.

ethics


Octodec requires all its representatives to act in good faith and in a manner that promotes our aspiration to be a good corporate citizen.



Octodec Investments Limited (“Octodec” or “the company” or “the group”) board of directors (“the board”) endorses the King IV™ Report on Corporate Governance for South Africa, 2016 (“King IV™”), which plays a key role in benchmarking our corporate gove



Octodec Risk Committee Terms of Reference Octodec SERT Committee Terms of Reference Octodec Audit Committee Terms of Reference Octodec Board Charter Octodec Nominations Committee Terms of Reference



Total reward, philosophy and strategy Policy



Octodec Director’s Remuneration Policy

OUTDOORS AT FRANK’S PLACE