Waypoint Reit Ltd. · ASX:WPR
Waypoint Reit — Viva Energy REIT — Shareholder Meeting (May 2020)
17 slides from Waypoint Reit's shareholder meeting presentation, May 14, 2020
Slide 1: Viva Energy REIT Annual General Meeting
Viva Energy REIT Annual General Meeting 10:00am - 14 May 2020
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by Viva Energy REIT (“VVR” or “Viva Energy Future performance and forward looking statements Effect of rounding REIT”) which is a stapled entity comprising shares in Viva Energy REIT Limited This presentation contains forward-lookin
Slide 3: Agenda
Agenda 1. Chairman’s Address 2. Business Update 3. Formal Business 4. Closing Remarks 5. 6. Annual General Meeting 2020 3
Slide 4: Chairman's Address
Chairman’s Address Laurence Brindle Independent Chairman Viva Energy REIT Annual General Meeting 2020 4
Slide 5: FY19 Key Highlights
FY19 Key Highlights Financial Performance Portfolio and Acquisitions Capital Management Distributable Earnings Moody’s Credit Rating Baa15 Acquired/funded $88.5m of assets3 Investment grade rating 14.54cps1 3.7% growth on FY18 15 properties Highlights strength of balance sheet and tenant covenants T
Slide 6: Business Update
Business Update Hadyn Stephens Chief Executive Officer VER Manager Pty Limited Annual General Meeting 2020 6
Slide 7: Viva Energy Australia Selldown / Debt Review Event
Viva Energy Australia Selldown / Debt Review Event Viva Energy Australia Pty Ltd (Viva Energy Australia), part of the Viva Energy Group Limited Debt Facilities Expiry Profile ($m)1 (ASX: VEA) sold its 35.5% holding in Viva Energy REIT in February 2020 400 10% stake acquired by Charter Hall 300
Slide 8: Internalisation of Management Arrangements
Internalisation of Management Arrangements Earlier today, Viva Energy REIT agreed terms with Viva Energy Australia and its subsidiary VER Manager (current manager of Viva Energy REIT) to internalise the management function of Viva Energy REIT (Internalisation) The Internalisation and proposed ch
Slide 9: General Business Update
General Business Update COVID-19 Minimal impact to date from COVID-19 Impact In discussions regarding rental relief with six small non-fuel tenants (c. 0.3% of annual income) $26.4m of transactions settled YTD (6.35% WACR) Acquisitions / $24.3m of contracted transactions (6.47% WACR) Fund-Th
Slide 10: Formal Business
Formal Business Laurence Brindle Independent Chairman Viva Energy REIT Annual General Meeting 2020 10
Slide 11: Resolution 1: Adoption of Remuneration Report
Resolution 1 Adoption of Remuneration Report To consider and, if thought fit, to pass the following non-binding ordinary resolution: “That the Remuneration Report for the year ended 31 December 2019 be adopted.” Proxy Votes Received FOR AGAINST OPEN1 ABSTAIN2 509,712,449 565,771 661,389 1,264,686 99
Slide 12: Resolution 2: Re-election of Georgina Lynch
Resolution 2 Re-election of Georgina Lynch To consider and, if thought fit, to pass the following ordinary resolution: “That Ms Georgina Lynch, who retires by rotation in accordance with rule 8.1(f) of the constitution of the Company and, being eligible and having offered herself for re-election, is
Slide 13: Resolution 3: Change of Company name
Resolution 3 Change of Company name To consider and, if thought fit, to pass the following special resolution: “That, for the purposes of section 157(1) of the Corporations Act, and for all other purposes, the Company’s name be changed from Viva Energy REIT Limited to Waypoint REIT Limited and that,
Slide 14: Resolution 4: Amendment to the Company Constitution
Resolution 4 Amendment to the constitution of the Company (Company Constitution) To consider and, if thought fit, to pass the following resolution as a special resolution of the Company: “That the constitution of the Company be amended in the manner described in the Explanatory Notes accompanying th
Slide 15: Resolution 5: Amendment to the Trust Constitution
Resolution 5 Amendment to the constitution of the Trust (Trust Constitution) To consider and, if thought fit, to pass the following resolution as a special resolution of the Trust: “That the constitution of the Trust be amended in the manner described in the Explanatory Notes accompanying the Notice
Slide 16: Closing Remarks
Closing Remarks Laurence Brindle Independent Chairman Viva Energy REIT Annual General Meeting 2020 16
Slide 17: Slide 17