Growthpoint Properties Australia · ASX:GOZ
Growthpoint Properties Australia — Merger or Acquisition (July 2013)
16 slides from Growthpoint Properties Australia's merger presentation, Jul 24, 2013
Slide 1: Victorian Industrial Portfolio Acquisition
GROWTHPOINT PROPERTIES AUSTRALIA (ASX CODE: GOZ) Victorian Industrial Portfolio Acquisition 24 July 2013 Growthpoint Properties Australia Trust ARSN 120 121 002 Growthpoint Properties Australia Limited ABN 33 124 093 901 AFSL 316409
Slide 2: Important information
Important information Disclaimer yield, capitalisation rates and distribution yield. The disclosure of such non- have regard to the risks outlined in this Presentation. This presentation and its appendices (“Presentation”) is dated [5] June 2013 GAAP financial measures in the manner included in this
Slide 3: Contents
Contents 4 Portfolio acquisition 5 Lot 45, Atlantic Drive, Keysborough, Victoria 6 19 & 20 Southern Court, Keysborough, Victoria 7 9-11 Drake Boulevard, Altona, Victoria 8 Keysborough and Altona industrial markets 9 Transaction meets Growthpoint’s objectives 10 Portfolio overview (following acquisit
Slide 4: Portfolio acquisition
Portfolio acquisition • Growthpoint has agreed, subject to some conditions, to acquire three industrial properties under development located in prime industrial markets in Melbourne, Victoria • Total acquisition cost of $60.2 million1, representing an initial portfolio yield of 8.0% – Upfront fundin
Slide 5: Lot 45, Atlantic Drive, Keysborough, Victoria
Lot 45, Atlantic Drive, Keysborough, Victoria • A high spec distribution warehouse/office facility, comprising ambient and temperature controlled high bay warehousing, pre- committed to Symbion Pty Ltd for 15 years from completion • The property includes surplus land enabling 3,000 sqm of warehouse
Slide 6: 19&20 Southern Court, Keysborough, Victoria
19&20 Southern Court, Keysborough, Victoria • Two stand alone distribution warehouses to be constructed on adjoining lots. The properties will provide separate street access, mezzanine office and high spec warehousing with environmentally sustainable design features • Upon completion Australand will
Slide 7: 9-11 Drake Boulevard, Altona, Victoria
9-11 Drake Boulevard, Altona, Victoria • Three adjoining distribution warehouses each with separate street access, mezzanine office, Early Suppression Fast Response sprinklers and environmentally sustainable design features • Upon completion Australand will provide a rental guarantee for 5 years, un
Slide 8: Keysborough and Altona industrial markets
Keysborough and Altona industrial markets THE ACQUISITIONS1 ARE HIGH QUALITY, WELL LOCATED WITH STRONG PROSPECTS FOR SUCCESSFUL LEASING • The acquisitions are located in prime, established logistics locations at Altona and Keysborough in Melbourne, Victoria • The buildings to be constructed are in t
Slide 9: Transaction meets Growthpoint's objectives
Transaction meets Growthpoint’s objectives TRANSACTION IMPACTS Increases Growthpoint’s exposure to the industrial sector Enhances Growthpoint’s portfolio metrics – WALE, occupancy, average asset age, fixed rent reviews Continues Growthpoint’s investment in prime industrial markets Use of efficient f
Slide 10: Portfolio overview (following acquisitions)
Portfolio overview (following acquisitions) • Total portfolio value of $1.7 billion • 6.8 year WALE and 99% occupancy as at 30 June 2013 1 • 8.4% weighted average cap rate with 6.7 year average asset age • Strong geographical, asset and tenant diversification PORTFOLIO METRICS SECTOR DIVERSIFICATION
Slide 11: Portfolio income security
Portfolio income security1 GEOGRAPHIC DIVERSIFICATION1 • Significant geographic, asset and tenant diversification – Diversified across every state and the ACT TAS ACT WA 1% 3% – 47 assets 7% VIC – 91 tenants NSW 31% 12% • Strong lease covenants SA – 27% of income secured by A- rated Woolworths 8% –
Slide 12: Distribution growth
Distribution growth • Growthpoint has delivered and is expected to continue to deliver DISTRIBUTIONS PER SECURITY (CENTS)1 sustainable distribution growth • Historical and expected distribution growth 19.0 18.3 17.1 17.6 – 2.9% growth recorded in FY12 – 4.0% growth recorded in FY13 14.0 – 3.8% forec
Slide 13: Appendix 1: Previous fund-throughs by Growthpoint
APPENDIX 1: PREVIOUS FUND- THROUGHS BY GROWTHPOINT GROWTHPOINT PROPERTIES AUSTRALIA – VICTORIAN INDUSTRIAL PORTFOLIO ACQUISITION JULY 2013 13
Slide 14: Previous fund-throughs by Growthpoint
Previous fund-throughs by Growthpoint $86M FOX SPORTS BUILDING – ARTARMON, NSW • Growthpoint purchases land and funds the WALE: 7.6 years (from practical completion) development through to completion STRUCTURE • Properties are “pre-committed” to lease before the land is purchased • Experienced devel
Slide 15: Glossary
Glossary A-REIT Australian Real Estate Investment Trust Balance Sheet Gearing borrowings divided by total assets BILAT means the loan facility agreement with National Australia Bank dated 17 February 2012 (as amended) Cps cents per stapled security Distributable Income net profit excluding any adjus
Slide 16: Thank you
Thank you For more information contact us at: Growthpoint Properties Australia Level 22, 357 Collins Street Melbourne VIC 3000 P: +61 3 8681 2900 F: +61 3 8681 2910 E: info@growthpoint.com.au Investor services line: 1800 260 453 www.growthpoint.com.au GROWTHPOINT PROPERTIES AUSTRALIA – VICTORIAN IND
Growthpoint Properties Australia — Merger or Acquisition (July 2013) on 6ix