Dexus Convenience Retail Reit · ASX:DXC
Dexus Convenience Retail Reit — 2024 Bell Potter Foundations Conference
16 slides from Dexus Convenience Retail Reit's conference presentation, Oct 17, 2024
Slide 1: ASX release: 2024 Bell Potter Foundations Conference presentation
Dexus Convenience Retail REIT (ASX:DXC) ASX release 17 October 2024 2024 Bell Potter Foundations Conference presentation Dexus Convenience Retail REIT (DXC) releases the attached presentation to be presented at the 2024 Bell Potter Foundations Conference, which is being held virtually today. Authori
Slide 2: Bell Potter Foundations Conference
Dexus Asset Management Limited ACN 080 674 479 AFSL 237 500 as responsible entity for Dexus Convenience Retail REIT For personal use only Bell Potter Foundations Conference 17 October 2024 14 Commercial Road, Shiedow Park SA
Slide 3: Acknowledgement of Country
For personal use only Acknowledgement of Country Dexus Convenience Retail REIT acknowledges the Traditional Custodians of the lands on which our business and assets operate, and recognises their ongoing contribution to land, waters and community. We pay our respects to First Nations Elders past and
Slide 4: DXC investment proposition
DXC investment proposition Providing investors with exposure to defensive income with embedded growth For personal use only Generate defensive income Act as a reliable custodian Active portfolio management Aligned manager with deep of capital to maximise value real asset capability − Secure income b
Slide 5: Secure and defensive income with embedded growth
Secure and defensive income with embedded growth For personal use only High-quality portfolio Income resilience Embedded growth Zoned to high value land uses No significant lease expiries until 2030+ Attractive property rental increases per annum (% by value) (% by income) (% by income) 89% 9% Comme
Slide 6: Proactive capital management approach amidst a robust transaction market
Proactive capital management approach amidst a robust transaction market for fuel & convenience assets For personal use only Direct fuel & convenience DXC divestments track DXC capital transaction market evidence record since FY222 redeployment options 1 transactions in 2024 to date, debt repayment
Slide 7: Diverse and high-quality tenants committed to network enhancement
Diverse and high-quality tenants committed to network enhancement For personal use only Top tenants continue to reinvest in their sites for the long term Chevron Viva Energy 7-Eleven Australia BP − Material investment into − Acquired On The Run Group − Acquired by 7-Eleven − Undertaking acquisition
Slide 8: Australian convenience retail sector
Australian convenience retail sector Growth in store sales and shift in consumer preferences towards higher margin sales categories For personal use only Average convenience retail sales per site Average convenience gross profit per site Australian sector trends $m $m 1.6 Avg growth 3.0% p.a. 0.6 Av
Slide 9: Australian car sales
Australian car sales Consumer behaviour indicates gradual energy transition For personal use only Strong fuel-reliant new car sales growth Cumulative new car sales since 2020 Australian car sales (m) Australian car sales (m) 1.4 7.0 1.2 6.0 1.0 5.0 2024 fuel-reliant sales 0.8 on track to exceed 4.0
Slide 10: DXC case study: Glass House Mountains redevelopment
DXC case study: Glass House Mountains redevelopment Significantly enhancing the convenience retail offering and reducing reliance on fuel income For personal use only High-quality redevelopment of Strong financial Southbound Northbound site (Stage 1) outcomes expected Secure income backed by Viva Fu
Slide 11: Global easing cycle is upon us
Global easing cycle is upon us While Australia lags, 3-4 year money is cheap For personal use only RBA easing projected to commence early CY251… …but is already captured in 3-4 year money % % 6.00 4.90 Forecast 5.00 4.70 4.00 4.50 3.00 4.30 2.00 4.10 1.00 3.90 0.00 Positive shift over past 3 months
Slide 12: A-REITs and fuel specific A-REITs typically benefit from interest rate cuts
A-REITs and fuel specific A-REITs typically benefit from interest rate cuts For personal use only Security price performance (3 months to 8 October 2024) 1.20 A-REITs: naturally leveraged to interest Positive shift over past 3 months rate markets DXC 1.15 +14% S&P/ASX 200 1.10 A-REIT +13% Fuel A-REI
Slide 13: Private capital 'dry powder' expected to support unlisted transaction volumes
Private capital ‘dry powder’ expected to support unlisted transaction volumes For personal use only Asia Pacific private real estate capital ‘dry powder’ has remained elevated Fuel & convenience presents an attractive investment due to heightened investor uncertainty in recent years opportunity in c
Slide 14: Questions
For personal use only Questions 13 303 Glen Osmond Road, Glenuga SA
Slide 15: Important information
Important information For personal use only This presentation (“Material”) has been prepared by Dexus Asset Management Limited (ACN 080 674 479, AFSL No. 237500) ("DXAM") as the responsible entity of Convenience Retail REIT No.1 (ARSN 101 227 614), Convenience Retail REIT No.2 (ARSN 619 527 829) and
Slide 16: For personal use only
For personal use only
Dexus Convenience Retail REIT — 2024 Bell Potter Foundations Conference on 6ix