Irish Residential Properties Reit Plc · EURONEXT:IRES
Irish Residential Properties Reit — Shareholder Meeting (May 2021)
17 slides from Irish Residential Properties Reit's shareholder meeting presentation, May 11, 2021
Slide 1: 2021 Annual General Meeting
Irish Residential Properties REIT plc 2021 Annual General Meeting 11 May 2021 1
Slide 2: Disclaimer
DISCLAIMER Cautionary Statements of this presentation or its contents or otherwise arising in To the extent indicated, certain industry, market and This presentation has been prepared by Irish Residential connection with this presentation. Certain financial and competitive position data contained in
Slide 3: Key Highlights
KEY HIGHLIGHTS › Portfolio of 3,836 high-quality living spaces across 36 properties1 Attractive Portfolio Delivering Sustainable Long-term Returns › Modern diversified portfolio predominantly in the mid-tier range, average age of 11.2 years2 › Gross yield at fair value of 5.5%2 › Total Accounting Re
Slide 4: Financial Performance
FINANCIAL PERFORMANCE1 Total Property Value Revenue from Investment Properties Dividend paid1 Revenue growth principally driven by investment in new properties Delivering shareholder value through stable growing dividends €74.7m €1,359m €1,380m +20.4% +1.6% €62.1m €50.6m €921m Cents per share 5.97 2
Slide 5: Sustainable Accretive Growth Strategy
SUSTAINABLE ACCRETIVE GROWTH STRATEGY Acquisition of Development Development Completed Assets Partnerships of Existing Portfolio › Continued evaluation of new › Forward purchase/ funding › Opportunity to add c.600 units at acquisition opportunities in attractive agreements with local builders curren
Slide 6: Execution on Growth Strategy
EXECUTION ON GROWTH STRATEGY PORTFOLIO BUILD-UP FUTURE PIPELINE 57% Portfolio Growth over the period Pipeline for growth of c.18% ACQUISITION DISPOSAL Acquisitions of Acquisitions of 146 Planning permission granted TOTAL Waterside, Hansfield units at Phoenix Park › Priorsgate – 31 units Wood and oth
Slide 7: Investment: 146 Units at Castleknock, Dublin 15
ACQUISITION DEVELOPMENT PARTNERSHIPS DEVELOPMENT EXISTING ASSETS INVESTMENT: 146 UNITS AT CASTLEKNOCK, DUBLIN 15 M50 Phoenix Park Racecourse, Castleknock, Dublin 15 Purchase Price1 €60 million Gross Initial Yield 5.3% Year built Phased 2002-2020 Closing date January 2021 Total units 1 bed 20 3 bed 1
Slide 8: Forward Purchase in Progress: Merrion Road, Dublin 4
ACQUISITION DEVELOPMENT PARTNERSHIPS DEVELOPMENT EXISTING ASSETS FORWARD PURCHASE IN PROGRESS: MERRION ROAD, DUBLIN 4 Merrion Road, Dublin 4 M50 Acquisition €47.16m Gross Yield 5.1%2 (Apr-21) Contract Price1 (Year 1) 5.6% (Nov-18) Contracted date November 2018 Expected closing date3 H1 2022 Total un
Slide 9: Development in Progress: Bakers Yard, Dublin City Centre
ACQUISITION DEVELOPMENT PARTNERSHIPS DEVELOPMENT EXISTING ASSETS DEVELOPMENT IN PROGRESS: BAKERS YARD, DUBLIN CITY CENTRE Bakers Yard, North Portland Street, City Centre, Dublin M50 Development Costs €16 million Gross Yield 6.1%1 (Year 1) Expected Completion2 2022 Total units3 1 bed 19 3 bed - 61 2
Slide 10: Update on Investment Management Agreement
UPDATE ON INVESTMENT MANAGEMENT AGREEMENT › Announcement released by the Company on 1 April 2021 › Investment management agreement “IMA” due to terminate on 31 March 2022 › The Company can purchase the issued shares of the Investment Manager (IRES Fund Management Limited) on a liability free/ cash f
Slide 11: 2021 Sustainability Key Themes
2021 SUSTAINABILITY KEY THEMES Integrate Advance Engage Deliver Set Report Oversight Competency Stakeholders Transparency Targets & Disclose Develop and monitor ESG cross- Empower our key stakeholders to Conduct ongoing engagement with Establish necessary frameworks, Identify and monitor the progres
Slide 12: Supporting Our Local Community
SUPPORTING OUR LOCAL COMMUNITY As we navigate the Covid-19 pandemic, the health and wellbeing of our employees, residents and business partners Community Giving remains our priority IRES continues to be actively involved in charitable causes through donations, sponsorships and online events. IRES is
Slide 13: Conclusion and Outlook
CONCLUSION AND OUTLOOK Irish Multifamily Sector remains attractive… Favourable population Structural housing Strong Irish Yields on Uncertainties and demographics supply / demand economic multifamily assets risks exist in the and trend towards imbalance fundamentals remain attractive near term small
Slide 14: Appendix
APPENDIX Time Place Rockbrook 14 Waterside Phoenix Park Racecourse Elmpark Green
Slide 15: Market Outlook
MARKET OUTLOOK Strong Growth of Irish Economy Rapid Population Growth Housing Demand Remains Above Supply 10.0% 5.6m 1.5m 40,000 Ireland the only EU country to grow 5.4m 34k Est. National Annual Demand 8.0% 1.4m 35,000 GDP in 2020 5.2m New Dwelling Completions 6.0% 1.3m 30,000 Estimated demand still
Slide 16: Diverse Portfolio in the Dublin Area
DIVERSE PORTFOLIO IN THE DUBLIN AREA SUPERIOR LOCATION IRES REIT PLC l AGM PRESENTATION l MAY 2021 16
Slide 17: Irish Residential Properties REIT plc contact details
Irish Residential Properties REIT plc South Dock House Hanover Quay DO2 XW94 Ireland www.investorrelations.iresreit.ie IRES REIT PLC l AGM PRESENTATION l MAY 2021 17
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