Property

Ascencia will continue to roll out a shared vision and shape singular places by focusing on the company’s basics and implementing various strategic and tactical initiatives as listed below:

e-commerce platform, B’Local, safe shopping initiatives and implementation of the ASCE tool;

setting cash flow management as a priority and cash earnings to provide the basis for maintaining a strong position;

generating incremental income from Decathlon and Bagatelle Mall extension; and

maintaining a strong credit rating across the portfolio.

The 2020-21 financial year will accelerate the paradigm shift of our agricultural operations with a progressive transition of our lands away from sugarcane monoculture to a diversified agricultural landscape. This will sow the seeds of our long-term agritourism vision for our Domaine.

Our livestock strategy will be geared towards maintaining healthy pastures through a precise management of herd size and movements, while also focusing on operational efficiency.

Real Estate operations will be focused on fostering new marketing ventures while revisiting their operational model to reduce costs. The focus will be geared towards creating a portfolio of Real Estate products with reliable rental income. The implementation of cost-cutting measures alongside a new sales approach should also result in further decrease in administrative, marketing and finance costs in the coming financial year.