GARDA Property Group · ASX:GDF
GARDA Property — FY2020 Earnings Presentation
29 slides from GARDA Property's earnings presentation, Aug 20, 2020
Slide 1: Full Year Results Presentation
<> GARDA P OPERTY GROUP (Asx: Full Year Res Its Presentation 20 August 2020 "| For personal use only
Slide 2: Disclaimer
Disclaimer — This presentation (Presentation) has been prepared on behalf of GARDA Property Group (Group or GARDA). a stapled entity listed on the Australian Securities Exchange (ASX) comprising GARDA Holdings Limited ACN 636 329 774 (GHL) and GARDA Capital Limited (ACN 095 039 366) (AFSL 246714) (G
Slide 3: Agenda
For personal use only Agenda Full Year Results Presentation 2020 1. Snapshot 2. Overview 3. Property Portfolio 4. Development Projects 5. Guidance 6. Financial Information
Slide 4: Snapshot
Snapshot GARDA Property Group (ASX: GDF or GARDA) is an internally managed real estate investment, development and funds management group with a focus on industrial and commercial properties on the east coast of Australia. 7.1% 95%-100% $417m 6.60% Forecast FY21 Distribution Forecast FY21 Payout Rat
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For personal use only
Slide 6: Highlights
Highlights Sy Key outcomes Portfolio and project leasing Limited COVID-19 Impacts ~ 15,125m/ of project leasing has occurred across Berrinba, Wacol (building C) and Acacia Ridge (stage 1) industrial development for lease terms of 5, 10 and 7 years respectively. - The Queensland state government has
Slide 7: Funds From Operations (FFO)
Funds From Operations (FFO)' 30 June 2020 30 June 2019 $000 $000 $000 FFO 16,622 13,192 Fair value movementin investment properties: Increase in independent valuations 4n0 17100 Acquisition costs (stamps etc) (4,494) (786) Capital additions and capitalised costs (5.614) (6.380) Other (998) (6.996) (
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For personal use only 2020 2015 Commercial Industrial Melbourne Brisbane Cairns Mackay Gold Coast
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Slide 11: COVID-19 Update
COVID-19 Update - The GARDA Portfolio has remained resilient throughout COVID-19 with only $6.5k in rent forgiven. - Approximately $0.4 millionin rent deferrals were provided of which $0.3 millionremains outstanding and due to be repaid over the remainder of CY20. - 8.55 cents per security in distri
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Slide 13: At Risk Income
At Risk Income Botanicca 9 (7,109m’) represents 14% current vacancy and remains the focus of GARDA's leasing program. When fully leased Botanicca 9 is expected to deliver approximately $4.7 millionin annual gross revenue prior to incentives. Portfolio vacancy increased to 6% following tenant departu
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For personal use only
Slide 15: Property Portfolio
Property Portfolio Cairns & -P Mackay @ 2? ; mammm Brisbane @@m@qmqet Gold Coast & Melbourne [hina ‘ Cairns, 7-19 Lake Street ($60.56m) Mackay, 69-79 Diesel Drive ($30.10m) Acacia Ridge, 38 Peterkin Street ($6.00m) Acacia Ridge, 56 Peterkin Street ($6.81m) Acacia Ridge, 69 Peterkin Street ($11.08m)
Slide 16: Property Portfolio
For personal use only Classification Property Portfolio Sector Valuation ($m) Type Cap Rate (%) NLA (m2) WALE Occupancy NABERS Established Assets Projects
Slide 17: Property Portfolio
Property Portfolio % of Portfolio Tenan Property Goncaincornes Expiry J Blackwood & Son Mackay Industrials 10.9% Nov-27 Planet Innovation! Box Hill Science & Tech 10.6% Jan-29 Volvo Group Wacol Auto 10.0% Jul-28 Qld Gov (DTMR) Cairns Government 7.2% Nov-21 & Nov-28 Golder Associates Richmond Profess
Slide 18: Development Projects
Development Projects
Slide 19: Project Pipeline
Project Pipeline - Project pipeline totals approximately 50,000m’ of built form Brisbane industrial NLA. - Projects totalling 23,660m‘’ of NLA are anticipated to be completed during FY21. These include Berrinba (Sept-20), the first of three buildings at Wacol (Jan-21) and stage one of Acacia Ridge (
Slide 20: Project Pipeline
Project Pipeline - 1-9 Kellar St, Berrinba is located within the established industrial estate ‘SouthWest 1 Enterprise Park’, approximately with nearby access to the Logan Motorway. - GARDA is well advanced with construction with completion expected in - The facility will provide approximately of wa
Slide 21: Project Pipeline
Project Pipeline - ‘Pinnacle on Progress’ will provide approximately 17,077m? of prime space over three separate buildings, specifically targeting tenants seeking 3,000m’ to 8,000m’ of space. - Development is programmed to occur in three stages, the first delivering approximately 6,000m‘’ across bui
Slide 22: Project Pipeline
Project Pipeline om Sh - The three Acacia Ridge assets are co-located transport ~ | orientated warehouse properties bordering the Acacia Ridge " Intermodal Rail Terminal. 4 - The three assets provide of land, allowing for approximately of new warehouses to be developed in two buildings designed for
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For personal use only
Slide 24: Guidance
Guidance - FY21 distribution guidance of per security. - Distributions of per security are expected to be paid quarterly. - Expected tax advantaged income of approximately - At current ASX trading price of $1.015 per security, reflects a distribution yield of - Full year payout ratio of between 95%
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For personal use only
Slide 26: Balance Sheet
Balance Sheet ® Cash includes acquired as part of the internalisation, and Consolidated Statement of 30 June 2020 30 June 2019 in rental guarantees associated with the Acacia Ridge Financial Position $000 $000 property acquisitions. Assets equivalent ; 3 Trade and other receivables includes in loans
Slide 27: Income Statement
Income Statement Property revenue increased by approximately $3.8 million in FY20 which is attributable to the: - . 30 June 2020 30 June 2019 - acquisition of Morningside in October Consolidated Statement of Profit and Loss $000 $000 2019 ($2.0 million) Property revenue ® 29.116 25.361 - increased r
Slide 28: Funds From Operations (FFO)
Funds From Operations (FFO)' 30 June 2020 30 June 2019 $000 $000 $000 FFO 16,622 13,192 Fair value movementin investment properties: Increase in independent valuations 4n0 17,100 Acquisition costs (stamps etc) (4,494) (786) Capital additions and capitalised costs (5.614) (6380) Other (998) (6,996) (
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