Charter Hall Retail Reit · ASX:CQR
Charter Hall Retail Reit — Shareholder Meeting (November 2022)
21 slides from Charter Hall Retail Reit's shareholder meeting presentation, Nov 7, 2022
Slide 1: Correction to CQR 2022 AGM Presentation
Charter Hall Retail Management Limited ACN 069 709 468 AFSL 246996 Responsible entity of Charter Hall Retail REIT ABN 34 357 213 849 ARSN 093 143 965 Level 20, No.1 Martin Place Sydney NSW 2000 GPO Box 2704 Sydney NSW 2001 T +61 2 8651 9000 F +61 2 9221 4655 www.charterhall.com.au 7 November 2022 CO
Slide 2: Charter Hall Retail REIT 2022 Annual General Meeting
Charter Hall Charter Hall Retail REIT Retail 2022 Annual REIT General Meeting
Slide 3: Acknowledgement of Country
Acknowledgement of Country Charter Hall is proud to work with our customers and communities to invest in and create places on lands across Australia. We pay our respects to the traditional owners, their elders past and present, and value their care and custodianship of these lands. Coming Together,
Slide 4: Agenda
Agenda 1. Independent Chair’s Address 2. Retail CEO’s Address 3. Questions 4. Items of Business Roger Davis Ben Ellis Independent Chair Retail CEO, Charter Hall Executive Director and Fund Manager, CQR Charter Hall Retail REIT 2022 Annual General Meeting 3
Slide 5: Board of Directors and Fund Managers
Board of Directors Fund Managers Michael Gorman Roger Davis David Harrison Sue Palmer Ben Ellis Christine Kelly Ben Ellis Independent Director Independent Chair Managing Director & Group CEO Independent Director Retail CEO Head of Retail Finance and Deputy Retail CEO/ Fund Manager Fund Manager Chart
Slide 6: Independent Chair's Address
CharterHall Charter HallRetail RetailREIT REIT 1 Independent Chair’s Address Secret Harbour Square, WA 2022Annual 2022 Annual GeneralMeeting Annual General General Meeting Meeting
Slide 7: CQR Convenience Strategy
Independent Chair’s Address CQR Convenience Strategy Providing a resilient and The leading owner growing income stream for our investors of convenience retail property KEY DRIVERS Enhance Active asset Prudent capital portfolio quality management management − Active portfolio curation has − Maintain
Slide 8: Delivering on Convenience Strategy
Strategy Delivering on Convenience Strategy Active portfolio curation driving major tenant income growth FY17 / 18 FY22 / 23 4% of major tenant rent reviews CPI based and 0% NNN leases 37% of major tenant rent reviews CPI based and 33% NNN leases2 1.2% 2.5% Major tenant Major tenant income income gr
Slide 9: CQR ESG Leadership
Independent Chair’s Address CQR ESG Leadership Achievements in FY22 Partnering with tenant and investor customers to deliver meaningful change Climate Change Adaptation Partnering on renewables Active tenant engagement Climate action Plan CQR has 21MW of solar and 7MWh2 of 88% data coverage through
Slide 10: Retail CEO's Address
Charter CharterHall HallRetail RetailREIT REIT 2 Pacific Square, NSW Retail CEO’s Address 2022 2022Annual Annual General General Meeting Meeting
Slide 11: Portfolio Highlights
Retail CEO’s Address Portfolio Highlights Key metrics FY21 FY22 Movement Operating earnings per unit Distributions per unit Operating earnings1 28.40 cents 24.50 cents $156.2m $164.4m +5.2% 4.0% from June 2021 4.7% from June 2021 Operating earnings per unit 27.30 cents 28.40 cents +4.0% Distribu
Slide 12: Portfolio Summary
Operational Performance Portfolio Summary – Shopping centre occupancy improved from 98.3% to 98.5% Portfolio snapshot Jun 21 Jun 22 – 0.4% total MAT growth1,2 impacted by COVID-19 mandated store closures3 in FY22 Number of shopping centres 50 51 Number of Long WALE assets 296 521 – Q4 FY22 total sal
Slide 13: Portfolio Tenant Customer Composition
Operational Performance Portfolio Tenant Customer Top 10 tenant customer groups1 Composition 15.8% - Major tenants Coles, Woolworths, bp, Wesfarmers2, Aldi, Ampol and Gull represent 13.0% 56% of portfolio income - Following the off-market acquisitions, Ampol 11.7% and Gull are now the 5th and 8th la
Slide 14: Asset Enhancement Projects
Retail CEO’s Address Asset Enhancement Projects Active portfolio curation Investing alongside our – New leases and terms extensions agreed in nine locations. Includes store major tenants to deliver expansions and additional works to facilitate enhanced home delivery and improved shopper direct to bo
Slide 15: Outlook and Guidance
Retail CEO’s Address Outlook and Guidance – Strategy remains consistent and focused on non-discretionary convenience retailers, providing income growth and resilience – Portfolio curation and active asset management will continue to improve portfolio quality – Positive leasing spreads, high occupanc
Slide 16: Questions
3 Alexandria, NSW Questions CharterHall Charter HallRetail RetailREIT REIT 2022 2022Annual Annual General General Meeting Meeting
Slide 17: Item of Business
CharterHall Charter HallRetail RetailREIT REIT 4 Rockdale, NSW Item of Business 2022 2022Annual Annual General General Meeting Meeting
Slide 18: Resolution 1 Re-election of Independent Director
Items of Business Resolution 1 Re-election of Independent Director To consider, and if thought fit, pass the following resolution, as an advisory, non-binding resolution of the Unitholders: “That Ms Sue Palmer, a Director of Charter Hall Retail Management Limited be re-elected as a director of Chart
Slide 19: Resolution 1 Re-election of Independent Director
Items of Business Resolution 1 Re-election of Independent Director FOR: 92.60% OPEN: .13% AGAINST: 7.27% Charter Hall Retail REIT 2022 Annual General Meeting 18
Slide 20: Meeting closed
Charter CharterHall HallRetail RetailREIT REIT 5 Bass Hill Plaza, NSW Meeting closed 2022 2022Full Annual YearGeneral ResultsMeeting
Slide 21: Office locations
Sydney Head Office Melbourne Brisbane Perth Adelaide Level 20, No.1 Martin Place Level 23, 130 Lonsdale Street Level 3, The Annex Level 5, St Georges Square Part Ground Floor Sydney, NSW, 2000 Melbourne VIC 3000 275 George Street 225 St Georges Terrace Telephone Exchange Building Brisbane QLD 4000 P
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