Goodman Group · ASX:GMG
Goodman — Shareholder Meeting (March 2012)
12 slides from Goodman's shareholder meeting presentation, Mar 30, 2012
Slide 1: Extraordinary General Meetings
Goodman Group Extraordinary General Meetings 30 March 2012 The Westin Hotel, Sydney building the future+
Slide 2: Directors and Executives
Directors and Executives Mr Ian Ferrier Ms Anne Keating Independent Chairman Independent Director Mr Gregory Goodman Mr Phil Pryke Group Chief Executive Officer Independent Director Mr Carl Bicego Mr Jim Sloman Company Secretary Independent Director Mr Philip Fan Independent Director Mr John Harknes
Slide 3: Agenda
Agenda + Section 1 Chairman’s Address + Section 2 Formal Business 3
Slide 4: Chairman's Address
Chairman’s Address+ Interlink, Hong Kong 4
Slide 5: Today's proposal
Today’s proposal Goodman Group seeks Securityholder approval to undertake: + a 5 into 1 Security consolidation (Consolidation); Resolutions + an internal restructure of the Group by adding a new Hong Kong incorporated company, Goodman Logistics (HK) Limited (HKCo), to the existing Goodman stapled st
Slide 6: Consolidation
Consolidation + Consolidation of every 5 pre-Consolidation Securities into 1 post-Consolidation Security + Reasons for Consolidation: – To establish a security price that is more appropriate for a listed entity of Goodman’s size and more in line with other S&P/ASX50 entities – Improve the market per
Slide 7: Restructure
Restructure + The Restructure is a result of the global growth of Goodman and will enable the Group to continue to use the trust structure in Australia, while facilitating further international growth through either the Company or HKCo + Securityholders have the same economic interest in Goodman Gro
Slide 8: Restructure continued
Restructure continued + Need for Restructure arises because of the: – Evolution of the business resulting in more active (management) income relative to passive (rental) income – Growth in offshore operations increasing international earnings – Inability to distribute franking credits + Restructure
Slide 9: Global platform
Global platform + Offshore operations expected to contribute 50% of operating EBIT in the short-term 9
Slide 10: Initiatives to assist small Securityholders
Initiatives to assist small Securityholders + Security Purchase Plan – Provided eligible Securityholders with the opportunity to purchase up to an additional $2,000 of Securities at $0.65 (a small discount to the ten day VWAP ended 15 February 2012) + Small Holding Divestment Facility – As at 8 Febr
Slide 11: Indicative timetable
Indicative timetable EVENT DATE1,2 Expiry of 6 week Divestiture Notice period. Last day for Small Securityholders to opt out of Divestment 5.00pm 30 March 2012 Goodman issues and allots Stapled Securities under SPP 2 April 2012 Last day for trading of Stapled Securities on a pre-Consolidation basis
Slide 12: Thank you
thank+you Important Notice This document has been prepared by Goodman Group (Goodman Limited (ABN 69 000 123 071) and Goodman Funds Management Limited (ABN 48 067 796 641) (AFSL223621) as the Responsible Entity for Goodman Industrial Trust (ARSN 091 213 839)). The details in this presentation relate