Axtec Limited · ASX:AXI
Axtec — Axiom Properties — Shareholder Meeting (November 2017)
32 slides from Axtec's shareholder meeting presentation, Nov 22, 2017
Slide 1: Axiom Properties Limited AGM Presentation
For personal use only Axiom Properties Limited AGM Presentation 22 November 2017
Slide 2: Agenda
For personal use only Agenda Axiom Properties Limited History Axiom Current Projects Axiom Past Projects
Slide 3: Axiom Properties Limited
Axiom Properties Limited For personal use only • ASX listed property development company (ASX code: AXI). • Strong track record of creating and delivering large scale, institutional-grade property across Australia. Track Record • Project diversity has included shopping centres, large format retail c
Slide 4: Axiom Overview
4 AXIOM OVERVIEW For personal use only Capital Structure Major Shareholders Share Price (cents) as at 17 Nov 2017 5.0 Pivot Group 36% Fully Paid Ordinary Shares (m) 427.1m Oriental University City Holdings 20% Market Capitalisation ($m) $21.35m Ben Laurance 15% Directors & Senior Management Ian Laur
Slide 5: Our Development & Investment Approach
Our Development & Investment Approach For personal use only ORIGINATION Selective Evaluation and Acquisition Continual evaluation of target markets to determine the unique opportunities and themes that we believe will deliver superior risk-adjusted returns. INCUBATION Risk Mitigation Seek to manage
Slide 6: Past & Current Projects
Past & Current Projects For personal use only Value Date Project Region Type Description ($m) Past Projects Apr-08 100 St George's Tce Perth CBD, WA 30,000 sq/m Office Mixed Use Development, retail, carparking, Office 230 Dec-09 Gepps X Metro Adelaide, SA 62,000 sq.m Large Format Retail One of Austr
Slide 7: Opportunistic Property Focus
Opportunistic Property Focus For personal use only Risk/Return Styles Core Value-Added Opportunistic Risk Low Medium High Target IRR 9-12% 10-15% 15%+ Earnings Income (70%) + Income (50%) + Current income Capital Appreciation Capital Appreciation (<20%) + Capital (30%) (50%) Appreciation (>80%) Hold
Slide 8: Current Strategy and Strengths
Current Strategy and Strengths For personal use only • Management believe in the quality of the portfolio and the ability to deliver superior returns on equity over the medium term • Committed to closing the gap in the immediate future between reported/statutory NTA, current market valuation/share p
Slide 9: Timeline
9 Timeline For personal use only • Pivot Group takes major stake in • Secured Bunnings for Stage One Axiom and appoint new board of of Churchill Centre South (formerly directors • Completes Perth CBD office known as Islington Railyards) project • Enters into agreement with ISPT • Successful rezoning
Slide 10: Timeline
10 Timeline For personal use only • Axiom secure Aldi to anchor next stage of • Axiom acquires land in Churchill North – one of Aldi’s first SA store Richmond, Sydney for a 120 room hotel development. • Secures $150million JV residential sub- division opportunity at Mt Barker, SA • Announces JV for
Slide 11: Agenda
For personal use only Agenda Axiom Properties Limited History Axiom Current Projects Axiom Past Projects
Slide 12: Mixed Use Development, Double Bay, NSW
12 Mixed Use Development, Double Bay, NSW For personal use only • Mixed-use project in joint venture with national construction and development group Built. • Double Bay is an exclusive harbour front suburb in the Eastern Suburbs of Sydney. DRAFT • Axiom/Built selected by Council to redevelop their
Slide 13: Mixed Use Development, Double Bay, NSW
Mixed Use Development, Double Bay, NSW For personal use only • Public Private Partnership with Woollahra Council • Consistent with Woollahra Council’s long-held ambitions to revitalise the Double Bay suburb. • Project will convert 3,800 sq.m Cross St carpark site into multi- screen cinema complex, r
Slide 14: Mixed Use Development, Double Bay, NSW
Mixed Use Development, Double Bay, NSW For personal use only Mixed Use Project, Double Bay Property Details Location Cross Street, Double Bay Region New South Wales Asset Class Mixed Use Land area (sqm) 3,800 sqm Project Mix (sqm) 85+ Apartments 1,000 sqm Retail 2,000 sqm Cinema 400+ Parking Bays Cu
Slide 15: Churchill North Shopping Centre, Adelaide
Churchill North Shopping Centre, Adelaide For personal use only • Expansion of existing Churchill North shopping centre, 8kms north of the Adelaide CBD. • Axiom secured the site in 2010 and has developed two separate centres, Churchill North and Churchill South. • Axiom secured the successful re-zon
Slide 16: Churchill North Shopping Centre Expansion Plan
Churchill North Shopping Centre Expansion Plan For personal use only
Slide 17: Churchill North Shopping Centre, Adelaide
Churchill North Shopping Centre, Adelaide For personal use only Churchill Shopping Centre Property Details Location Churchill Road, Kilburn Region South Australia Asset Class Retail Land area (sqm) 17.85 ha Net lettable area (sqm) 35,000+ sqm Current Zoning Retail Project Type Sub-regional Shopping
Slide 18: WorldPark, Adelaide, SA
WorldPark, Adelaide, SA For personal use only • The conception and development of “Worldpark”, a Green Office campus situated on 3 hectares of land on Adelaide’s CBD fringe on Richmond Rd, Keswick, SA.
Slide 19: WorldPark, Adelaide, SA
WorldPark, Adelaide, SA For personal use only • Stage One involved the delivery of a $46million, 12,000 sq.m. boutique office building boasting 5 star Green credentials and setting a new benchmark in Adelaide for this style of office development. The Stage One building was completed well within time
Slide 20: WorldPark, Adelaide, SA
WorldPark, Adelaide, SA For personal use only WorldPark, Adelaide Property Details Location Keswick, Adelaide Region South Australia Asset Class Office Land area (sqm) 3.0 ha Net lettable area (sqm) 35,000+ sqm Current Zoning Commercial Project Type Office Campus Project Status DA approved Construct
Slide 21: Glenlea Estate, Mt Barker, SA
21 Glenlea Estate, Mt Barker, SA For personal use only • Residential land subdivision in joint venture (50/50) with local prominent Mt Barker family. • Mt Barker is located in the Adelaide Hills, 35kms south east of Adelaide CBD accessed from Adelaide via the South Eastern Freeway. • DRAFT Mt Barker
Slide 22: Glenlea Estate, Mt Barker, SA
Glenlea Estate, Mt Barker, SA For personal use only • Mt Barker was identified by the Department of Planning and Infrastructure some years ago as a major growth area, and was earmarked for expansion within the Government’s 30 year plan for Greater Adelaide. • Mt Barker has benefited from recent Gove
Slide 23: Glenlea Estate, Mt Barker, SA
Glenlea Estate, Mt Barker, SA For personal use only Glenlea Estate Property Details Location Wellington Road, Mt Barker Region South Australia Asset Class Residential Land area (sqm) 48.81 ha Lot Yield 600 Lots Current Zoning Residential Neighbourhood Project Type Land Subdivision/Development Projec
Slide 24: Mixed Use Development, Adelaide, CBD
Mixed Use Development, Adelaide, CBD For personal use only • Joint Venture Agreement with the owners of a strategic site in the heart of Adelaide’s CBD. • Development is expected to include a hotel/serviced apartment offering, residential apartments, retail and commercial uses and associated car- pa
Slide 25: Mixed Use Development, Adelaide, CBD
Mixed Use Development, Adelaide, CBD For personal use only • 1,238 sq.m site. • Located adjacent to the Government’s vibrant city key laneway and street transformation projects, offering thriving food and wine precincts in the middle of the main working hub in Adelaide. • Close proximity to the rede
Slide 26: Hotel Development, Richmond, Western Sydney
Hotel Development, Richmond, Western Sydney For personal use only • Axiom has entered into an agreement to purchase a 2,212 sq.m site on the corner of Francis and East Market Streets in Richmond, Western Sydney from the Richmond Club, one of New South Wales’ longest standing ex- servicemen’s clubs,
Slide 27: Hotel Development, Richmond, Western Sydney
Hotel Development, Richmond, Western Sydney For personal use only • Axiom is in final negotiations with an integrated hotel development group to deliver on that outcome. • Once an agreement has been reached with the selected hotel operator, the planning approval process will commence, with construct
Slide 28: Agenda
For personal use only Agenda Axiom Properties Limited History Axiom Current Projects Axiom Past Projects
Slide 29: Churchill South Centre, Adelaide
29 Churchill South Centre, Adelaide For personal use only • Stage One Bunnings was developed and subsequently sold in March 2011. • Bunnings occupied approx half of the 6ha site, leasing a 12,600sq.m. hardware and outdoor lifestyle store. • Stage Two, 6,000 sq.m mixed large format retail centre adjo
Slide 30: Past Projects
Past Projects For personal use only Office Park - Worldpark01, Adelaide, SA Sub Regional Shopping Centre - Adelaide, SA Homemaker Centre - Adelaide, SA
Slide 31: Past Projects
Past Projects For personal use only Bulky Goods - Gepps Cross, Adelaide, SA CBD Office - Perth, WA
Slide 32: Disclaimer
Disclaimer For personal use only TERMS & CONDITIONS OF USE By viewing the information in this Axiom Properties Limited (Axiom) presentation, you agree to be bound by the following terms of use. AUSTRALIAN RESIDENTS ONLY The information contained in this site is provided for Australian residents only
Axiom Properties — Shareholder Meeting (November 2017) on 6ix