Goodman Group · ASX:GMG
Goodman — Shareholder Meeting (November 2014)
32 slides from Goodman's shareholder meeting presentation, Nov 20, 2014
Slide 1: ASX cover letter: Chairman's and CEO's presentations
20 November 2014 The Manager Company Notices Section ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 Dear Sir GOODMAN GROUP (GOODMAN) ANNUAL GENERAL MEETINGS – CHAIRMAN’S AND CEO’S PRESENTATIONS Please find attached the Chairman’s presentation and Group Chief Executive Officer’s present
Slide 2: Goodman Group Annual General Meetings
Goodman Group Annual General Meetings Westin Hotel Sydney | 20 November 2014 COTA A positive year reyes UBLUPOOD
Slide 3: Directors and Executives
Directors and Executives Mr Ian Ferrier Mr Philip Pearce Independent Chairman Executive Director Mr Gregory Goodman Mr Danny Peeters Group Chief Executive Officer Executive Director Mr Philip Fan Mr Phillip Pryke Independent Director Independent Director Mr John Harkness Mr Anthony Rozic Independent
Slide 4: Chairman's address
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Slide 5: Agenda
Agenda + Chairman’s Address + Group CEO’s Address + Formal Business 4
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Slide 7: 2014 – A Positive Year
2014 – A Positive Year + A global network spanning 16 countries with over 1,000 people + World class human resources at all levels + Strong financial resources – Capital partners who want to invest with Goodman – Strong balance sheet with low gearing + Human and financial resources support the own+d
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Slide 9: Financial overview
Financial overview + 2014 delivered solid results following consistently strong operating earning over the past five years – Operating profit of $601 million, a 10% increase on FY2013 – Statutory profit of $657 million – Strong financial position maintained with balance sheet gearing of 19.5%, inter
Slide 10: Total Shareholder Return
Total Shareholder Return + GMG has delivered a 31% pa TSR over the five years to 30 June 2014 9
Slide 11: Five year growth trends
Five year growth trends joodmai Total assets under management (AUM) ($B) Average growth 13.4% pa 31.8 & 96% 26.8 ' 23.4 ' 20.0 ' 18.0 ' 16.2 | ||] : FYi0 FY11 FY12 FY13 FY14_~ Post committed capital’ 1. Fund investments are subject to Investment Committee approval. Development work in progress (WIP)
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Slide 13: Board renewal
Board renewal + Independent directors standing for re-election to Goodman Limited for a final three year term: – Mr Ian Ferrier – Ms Anne Keating – Mr John Harkness + All three members have served nine years or more and have participated in the merging of the Trust, the evolution of the Group and gl
Slide 14: Group CEO's address
Slide 15: Overview
Overview + Strong performance + Accessing quality opportunities + Consistent delivery of investment, development and management activities: – $28 billion of assets under management – $2.7 billion of development work in progress 14
Slide 16: Global business
Global business 32 people ies Total A$27.7bn in assets 432 properties 1,080 people + Greater China A$5.1bn in assets 22 properties 864 people New Zealand ‘A$2.0bn in ass’ 18 15
Slide 17: Investment
Investment + Investments contribute 54% of Goodman’s total earnings + Current operating environment providing opportunities to: – Enhance overall portfolio quality – Maximise returns + Asset sale programme being carefully executed: – Sold over $320 million of investment properties (FY15 year to date
Slide 18: Development
Development + Development capability and capital are key advantages for Goodman TNT, Brisbane Steel & Tube, New Zealand 17
Slide 19: Development
Development BMW, China Goodman Business Park Chiba, Japan 18
Slide 20: Development
Development eBay, Germany 19
Slide 21: Development
Development Goodman Logistics Center Rancho Cucamonga, USA + Focus is on the quality of Goodman’s property and service offering 20
Slide 22: Management
Management + Continue to build on strength of capital partner relationships + Manage capital for the largest investor groups globally + Take a long-term investment view + Alignment of Goodman’s interests with those of its investors 21
Slide 23: Urban renewal
Urban renewal + Growing significance of urban renewal + Changing the industrial investment landscape in Australia + Goodman’s urban renewal pipeline will: – Provide opportunity for sources of long-term capital – Create significant future value + Forecasting these activities to result in $150 to $170
Slide 24: People
People + Goodman’s business underpinned by quality people and highly experienced management team + Global business requires the best people across all of Goodman’s operations 23
Slide 25: Outlook
Outlook + Goodman has made a strong start to FY15 + Leveraging entrepreneurial expertise and capability, not balance sheet + Significant opportunities available to Goodman + Reaffirm full year FY15 operating earnings per security guidance of 36.9 cents, up 6% on FY14 24
Slide 26: Thank you
Slide 27: CEO's address
CEO’s ADDRESS GOODMAN GROUP – ANNUAL GENERAL MEETING 20 NOVEMBER 2014 AT 10:00AM THE WESTIN SYDNEY Thank you Ian and good morning ladies and gentlemen. Goodman is performing strongly. We are optimising the performance of our business and people globally to access quality opportunities. This ensures
Slide 28: Investment activities contribute 54% of Group earnings
Our investment activities are a core part of what we do and reflected in a portfolio of 432 high quality properties globally. This is demonstrated by the consistently high occupancy levels and customer retention we are achieving. Our investment activities contribute 54% of the Group’s total earnings
Slide 29: Development capability and recent developments
Having the capability and capital to develop brand new prime industrial space in strategic, targeted locations, is a key advantage for our business. We have some of the largest customer names in the world in our buildings. Examples of some of our more recent developments include: - In Brisbane, a ne
Slide 30: Development and management capability, capital partners
- In the US, construction of our US$150 million logistics facility in Southern California is well underway. - While in Brazil, we have secured a deal with a major retailer for a distribution centre in Rio de Janeiro. Importantly, we are not focused on being the biggest in each market, but on the qua
Slide 31: Urban renewal pipeline and people
We take a long-term investment view and avoid short-term expediency. We ensure our interests are aligned with those of our investors and treat their capital as our own. The growing significance of urban renewal, through the rezoning of industrial sites to residential, is changing the industrial inve
Slide 32: Closing remarks and FY15 guidance
Following a very positive FY14, I’d like to finish by restating that Goodman has made a strong start to the new financial year. We are experiencing solid performance across all of our operating activities around the world. In turn, we are pleased to reaffirm our full year FY15 operating earnings per