Growthpoint Properties Australia · ASX:GOZ
Growthpoint Properties Australia — Shareholder Meeting (November 2016)
19 slides from Growthpoint Properties Australia's shareholder meeting presentation, Nov 23, 2016
Slide 1: Annual General Meeting Presentation
Growthpoint Properties Australia (ASX Code: GOZ) Growthpoint Properties Australia Trust ARSN 120 121 002 Growthpoint Properties Australia Limited ABN 33 124 093 901 AFSL 316409 www.growthpoint.com.au Annual General Meeting Presentation 23 November 2016 15 Green Square Close, Fortitude Valley, QLD
Slide 2: Chairman's address
Chairman’s address Geoff Tomlinson Independent Chairman 255 London Circuit, Canberra, ACT
Slide 3: Managing Director's address
Managing Director’s address Timothy Collyer Managing Director 3 Murray Rose Avenue, Sydney Olympic Park, NSW
Slide 4: Agenda
Agenda 1. Assets, profit & Securityholder returns continue to grow 2. Quality assets acquired and GMF takeover completed 3. Strong leasing performance 4. Property portfolio well placed 5. Outlook 75 Dorcas Street, South Melbourne, VIC Growthpoint Properties Australia Annual General Meeting | 23 Nove
Slide 5: Assets, profit & securityholder returns continue to grow
1. Assets, profit & securityholder returns continue to grow Distributable income per stapled security Growth Total Securityholder return comparison per annum, over 5 years to 30 June 20162 $2.67 FY171 at least 22.2¢ +1.4% NTA per security at 30 June 2016 FY16 21.9¢ +3.3% GOZ 19.6% 7.7% above 30 June
Slide 6: Quality assets acquired & successful GMF takeover completed
2. Quality assets acquired & successful GMF takeover completed Assets acquired FY16 - $328m assets GMF takeover - $440m assets 75 Dorcas St, South Melbourne, VIC Rationale 1 2 Major Tenant: ANZ Banking Group • Quality modern A-grade offices Book Value: $166.0 million WALE: 5.4 years • Greater NSW in
Slide 7: Strong leasing performance
3. Strong leasing performance Highlights Portfolio lease expiry profile Top ten tenants per financial year, as at 1 October 2016 by passing rent as at 1 October 2016 • 333 Ann Street, Brisbane WALE –– Occupancy now 80% 1% Vacant % (yrs) 3% FY17 Woolworths Limited 18 5.9 • Building 2 & 3 Botanicca Co
Slide 8: Property portfolio well placed
4. Property portfolio well placed Highlights Property portfolio overview • Increased office sector investment Office1 Industrial Total –– relative rental growth stronger in Sydney Number of properties no. 26 37 63 and Melbourne office market Total property value / average • Increased NSW investment
Slide 9: Outlook: Market conditions
5. Outlook: Market conditions Property Market Financial markets and A-REITs Investment Significant volatility in financial markets • Robust investor demand, with off-shore buyer interest still • US Presidential election and Brexit strong • Continuous US Federal Reserve rate speculation • Positive yi
Slide 10: Outlook: Growthpoint Properties Australia
5. Outlook: Growthpoint Properties Australia Portfolio Capital Management • Leasing vacancies (1%) and FY17 expiries • Post GMF acquisition: lower gearing into target range of 35% to 45% (currently • Divestment of assets 46%); divestment of assets; DRP and, if • Feasibility design development and pr
Slide 11: Items of business
Items of business Quad 2, Sydney Olympic Park, NSW
Slide 12: Item 1: Financial Reports – Company & Trust
Item 1: Financial Reports – Company & Trust To receive and consider: (a) the financial reports and the reports of the Directors and the auditors in respect of the Company for the financial year ended 30 June 2016; and (b) the financial reports and the reports of the Directors and the auditors in res
Slide 13: Item 2: Remuneration report – Company only
Item 2: Remuneration report – Company only To consider and, if thought fit, pass the following Proxies Received resolution as an ordinary resolution: “That the Remuneration Report of the Company Vote Votes % (which forms part of the Directors’ Report) for the For 89,713,281 98.88 financial year ende
Slide 14: Item 3: Re-election of directors – Company only
Item 3: Re-election of directors – Company only To consider and, if thought fit, pass the following resolutions as separate ordinary resolutions: (a) “That Mr Estienne de Klerk, who retires under rule 11.1(d) of the Company’s Constitution and being eligible, offers himself for re-election, be re-ele
Slide 15: Item 4: Approval of grant of Performance Rights to Timothy Collyer
Item 4: Approval of grant of Performance Rights to Timothy Collyer (Managing Director) for 2015 & 2016 financial years - Company & Trust To consider and, if thought fit, pass the following resolutions as separate ordinary resolutions: (a) “That for the purposes of ASX Listing Rule 10.14 and all othe
Slide 16: Item 5: Approval of amendments to Trust Constitution
Item 5: Approval of amendments to Trust Constitution – Trust only To consider and, if thought fit, pass the following as a Proxies Received special resolution: “That, the constitution of the Growthpoint Vote Votes % Properties Australia Trust be amended in For 91,277,343 99.10 the manner set out in
Slide 17: Item 6: Issue of Stapled Securities to an underwriter for DRP
Item 6: Issue of Stapled Securities to an underwriter in connection with Distribution Reinvestment Plan – Company and Trust To consider and, if thought fit, to pass the following as Proxies Received an ordinary resolution: “That, for the purposes of ASX Listing Rules 7.1 Vote Votes % and 10.11 and f
Slide 18: Close of meeting
Close of meeting Attendees are invited to join directors, auditors and staff for refreshments immediately following conclusion of meeting. Visit the Group’s website at www.growthpoint.com.au 1-3 Pope Court, Beverley, SA Growthpoint Properties Australia Annual General Meeting | 23 November 2016 18
Slide 19: Thank you
For more information contact us at: Email: info@growthpoint.com.au Investor services line: 1800 260 453 www.growthpoint.com.au Growthpoint Properties Australia Level 22, 357 Collins Street Melbourne VIC 3000 Thank you 5 Murray Rose Avenue, Sydney Olympic Park, NSW
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