Benchmark Group is a South African medical facilities developer seeking co-developers for three new day hospital projects in Worcester, Somerset-West, and Knysna. The projects have a total development cost of R72.76 million and are over 85% pre-leased. Benchmark Group is offering co-developers a 50% equity stake in the development company and projects. If developed and sold after five years, the projects would yield a total profit of R109.54 million to be split evenly between Benchmark Group and the co-developers. Benchmark Group will manage development and operations of the facilities for a fee.

1. CO-DEVELOPER PRESENTATION
Medical October 2014 : 2015 Day Hospital Developments

2. Who we are
Small/medium-sized specialist medical facilities developer with a 20 year track record
• Established in 2012, Benchmark Group has developed several medical and commercial properties to the
value of R200 million
• Directors have been actively involved in all aspects of property development since 1993
• Developments in both developed (Australia) and developing (South Africa) markets
• Differentiated itself as a niche specialist medical facilities developer with blue-chip clients, including JSE-listed
Advanced Health, Medi Africa and top medical practitioners
• Vertically integrated provider managing the development, property and assets in its portfolio
• Core assets:
o Lifestyle Medical Park and the Centurion Eye Hospital, next to Unitas Hospital in Pretoria, South
Africa
o Bloemfontein Medical Centre in Bloemfontein, South Africa
DIRECTORS
Picture of Ivan Picture of
Ivan Makkink Hennie Bezuidenhoudt
(CEO)
Pieter
Pieter Knoesen
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3. Core Medical Developments
Lifestyle Medical Park Bloemfontein Medical Centre
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4. Current Developments
The size and scope of the developments have given rise to co-developer opportunities
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§ Our relationship with various clients is of such a nature that
we are now being approached as a preferred developer
for their specific needs on a national basis.
§ Structural shifts in the acute healthcare providers
businesses through regulatory pressures due to the NHI
(National Health Insurance) implementation and a squeeze
in medical aid payments who too are now looking to save
on costs, have lent credence to the creation of alternatives
§ A decentralised, more cost-effective, niche approach to
healthcare through a national footprint of high-quality,
technologically advanced day hospitals and sub-acute
facilities has become vital
§ Benchmark Group’s strategy is to leverage its strong name,
medical track record, capital and experience in medical
developments, to cherry pick the most attractive
developments in the segment.
§ Our system of analysis has ear-marked the following
opportunities for current development, which wholistically
offer the best risk and return characteristics:
Knysna
Worcester
Somerset-West
(Vergelegen)

5. Worcester Day Hospital
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DEAL OVERVIEW:
• Land secured
• Licensing and zoning in place
• Bankable feasibility complete
• 10 year Development Bond with FNB/Nedbank approved
(50% LTV – only BG posts surety)
• Benchmark Group undertakes full development management,
architectural services in-house
• Benchmark group manages facility post-completion for a 5.5%
fee of net rental income

6. Vergelegen Day Hospital
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DEAL OVERVIEW:
• Land secured
• Licensing and zoning in place
• Bankable feasibility complete
• 10 year Development Bond with FNB/ Nedbank approved
(50% LTV – only BG posts surety)
• Benchmark Group undertakes full development management,
architectural services in-house
• Benchmark group manages facility post-completion for a 5.5%
fee of net rental income

7. Knysna Day Hospital
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DEAL OVERVIEW:
• Land secured
• Licensing and zoning in place
• Bankable feasibility complete
• 10 year Development Bond with FNB/ Nedbank approved
(50% LTV – only BG posts surety)
• Benchmark Group undertakes full development management,
architectural services in-house
• Benchmark group manages facility post-completion for a 5.5%
fee of net rental income

8. Offer (1/2)
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¨ Benchmark Group is undertaking a private placement exercise for prospective co-developers on the 3 aforementioned
projects for 2015, with considerable scope for additional developments as long-term development partners
¨ The co-developer will finance, jointly with BG:
¤ 3 x projects with combined GLA of approximately 4,327 m² (already > 85% pre let)
¤ Total development cost of approximately R 72,756,000
¤ Market price post-delivery of approximately R90 mil; R 17 mil development profit (conservative 9% net yield, may possibly be
8.25%)
¤ Term loan of approximately R37 mill (10 year) in place; LTV (Loan-to-Value of 50%)
¤ BG asks a development management fee of 6% of total development cost that covers all aspects of development management and
in-house architectural services, and manages the facilities for a 5.5% fee of net rental income. Both these costs have been
considered in calculation of net yield as well as total development cost
50% LTV
(no co-surety; BG posts surety)
Sale assumption after 5 years; can be
held long-term

9. Offer (2/2)
(R 72, 756, 000)
Capital Cost
Development Company
Shareholding
(BG) 50% : 50% (Co-developers)
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T0 T1 T2 T3 T4 T5 T10
Development Profit
earned post –
delivery
R 17, 000, 000
Sale assumption (5 years)
---
Total = R 109, 540, 042
BG = R 24, 920, 769
Co-developer(s) [net of
investment repaid] =
R 40, 266, 788
Hold assumption
---
Yr1 NOI = R 1, 382, 364
Escalation Rate = 8%
Bank – Debt
(R 36, 378, 000)
BG – Equity
(R 7, 251, 072)
Co-developer(s) –
Equity
(R 30, 000, 000)

10. Proposed Structure
A 50/50 split in equity holding is proposed, along with the below company structure
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Asset Level
SPV 1
Development Company
50% - Co-Developer(s)
50% - Benchmark Group
Asset Level
SPV 2
Asset Level
SPV 3
Asset 1 Asset 2 Asset 3

11. Contact Us
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Please contact: