Charter Hall Group · ASX:CHC
Charter Hall — Shareholder Meeting (2022)
29 slides from Charter Hall's shareholder meeting presentation, 2022
Slide 1: Charter Hall 2022 Full Group Year Results
Charter Hall Charter Hall Long WALE REIT 2022 Full Group Year Results
Slide 2: 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 3: Agenda
Agenda 1. Chair’s Address: David Clarke 2. Managing Director’s Address: David Harrison 3. Questions 4. Formal Business 5. Questions David Harrison David Clarke Cover: Southern Cross, Melbourne (CPOF) Managing Director & Group CEO Chair Charter CharterHall HallGroup Group 2022 2022Annual AnnualGenera
Slide 4: Chair's Address
CharterHall Charter 2022 HallGroup 2022Annual Group AnnualGeneral GeneralMeeting Meeting 1 Chair’s Address Coles Distribution Centre, Perth (CLW, DIF2 & DIF3)
Slide 5: Board of Directors
Chair’s Address Board of Directors David Clarke Chair David Ross Jacqueline Chow Karen Moses Greg Paramor AO David Harrison Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Managing Director & Group CEO Charter Hall Group 2022 Annual General Meeting 5
Slide 6: Operating earnings per security growth
Chair’s Address Operating earnings per security growth Operating earnings per security growth Distributions per security growth OEPS (post-tax) cps DPS (grossed up)1 DPS (cash paid) 115.6cps 47.6cps 44.4cps 43.4cps 40.0cps 36.9cps 40.1cps 37.9cps 35.7cps 69.3cps 33.7cps 31.8cps 61.0cps 30.0cps 47.4c
Slide 7: ESG Leadership Achievements in FY22
Chair’s Address ESG Leadership Achievements in FY22 Partnering with tenant and investor customers to deliver meaningful change $2.5bn in sustainable finance 54% 1 reduction in absolute Customer partnerships Climate action transactions emissions 2 against FY17 baseline The Group now has 47MW of solar
Slide 8: ESG Leadership Achievements in FY22
Chair’s Address ESG Leadership Achievements in FY22 Partnering with tenant and investor customers to deliver meaningful change Health and Wellbeing Employer of Choice Engagement Social Winner of HR Awards 2021 Awarded the WGEA Employer of Global high performing level of Strong communities Best Healt
Slide 9: Managing Director's Address
2 Managing Director’s Address Light Horse Business Hub, Eastern Creek (CPIF) CharterHall Charter HallGroup Group 2022 2022Annual AnnualGeneral GeneralMeeting Meeting
Slide 10: Funds Under Management (FUM) growth
Managing Director’s Address Funds Under Management (FUM) growth Property FUM growth of 25.5% from $52.3bn to $65.6bn Group FUM growth ($bn) Property FUM by equity source ($bn) Group FUM $72.1bn 5-Year Property FUM CAGR $86.3bn Wholesale 26.4% $65.6bn $11.0bn $79.9bn Listed 26.7% PIM $14.2bn Retail 3
Slide 11: Property funds management portfolio
Managing Director’s Address Property funds management portfolio Largest diversified property portfolio in Australia Portfolio value Lettable area No. of Net rent WARR WALE Occupancy WACR Property FUM ($bn) (m sqm) Properties ($m) (%) (years) (%) (%) 30 September 2022 72.1 11.4 1,619 3,059 3.7 8.3 98
Slide 12: Diversified tenant customers
Managing Director’s Address Diversified tenant customers The top 20 tenants are represented by Government, multinationals and listed companies – The top 20 tenants represent 56% of property platform income – 70% of tenants by net income are investment grade1 – 22% of platform leases are NNN – 21% of
Slide 13: Property transaction activity
Managing Director’s Address Property transaction activity $8.5bn of transaction activity in FY22, comprising over 90 transactions with 22 active funds/partnerships Social Industrial & Long WALE Shopping Office Infrastructure / FY22 Total FY23 YTD Logistics Retail Centre Retail Other Acquisitions ($b
Slide 14: Equity inflows
Managing Director’s Address Equity inflows1 ($m) FY19 FY20 FY21 FY22 FY23 YTD - Diverse sources of equity across Wholesale, Listed and Direct, with all areas contributing Wholesale pooled funds 1,802 1,272 2,111 1,575 404 during FY22 - Over 45,000 investors across FUM platform Wholesale partnerships
Slide 15: FY23 operating earnings guidance
Managing Director’s Address FY23 operating earnings guidance Based on no material adverse change in current market conditions, FY23 guidance is for post-tax operating earnings per security of no less than 90 cents. FY23 distribution per security guidance is for 6% growth over FY22. Wesley Place, 130
Slide 16: Questions
CharterHall Charter 2022 HallGroup 2022Annual Group AnnualGeneral GeneralMeeting Meeting 3 Questions Charter Hall Offices, 1 Martin Place, Sydney (CHOT)
Slide 17: Formal Business
CharterHall Charter 2022 HallGroup 2022Annual Group AnnualGeneral GeneralMeeting Meeting 4 Formal Business Australian Red Cross, Sydney (CLW) 17
Slide 18: Item 1 – Annual Report
Formal Business Item 1 – Annual Report Charter Hall Group 2022 Annual General Meeting 18
Slide 19: Item 2 – Re-election of Directors of CHL
Formal Business Item 2 – Re-election of Directors of CHL Charter Hall Group 2022 Annual General Meeting 19
Slide 20: Item 2 – Proxies – Re-election of Directors of CHL
Formal Business Item 2 – Proxies – Re-election of Directors of CHL For Open Against David Clarke 98.49% 0.07% 1.45% Karen Moses 98.01% 0.07% 1.92% Greg Paramor 96.53% 0.07% 3.40% Note: Figures may not sum to 100% due to rounding Charter Hall Group 2022 Annual General Meeting 20
Slide 21: Item 3 – Adoption of Remuneration Report
Formal Business Item 3 – Adoption of Remuneration Report Charter Hall Group 2022 Annual General Meeting 21
Slide 22: Item 3 – Proxies – Adoption of Remuneration Report
Formal Business Item 3 – Proxies – Adoption of Remuneration Report FOR: 96.89% OPEN: 0.07% AGAINST: 3.04% Charter Hall Group 2022 Annual General Meeting 22
Slide 23: Item 4 – Issue of service rights to Mr David Harrison
Formal Business Item 4 – Issue of service rights to Mr David Harrison – (Mandatorily deferred portion of Short-Term Incentive (STI) for FY22) Charter Hall Group 2022 Annual General Meeting 23
Slide 24: Item 4 – Proxies – Issue of service rights to Mr David Harrison
Formal Business Item 4 – Proxies – Issue of service rights to Mr David Harrison – (Mandatorily deferred portion of Short-Term Incentive (STI) for FY22) FOR: 97.21% OPEN: 0.07% AGAINST: 2.73% Charter Hall Group 2022 Annual General Meeting 24
Slide 25: Item 5 – Issue of performance rights to Mr David Harrison
Formal Business Item 5 – Issue of performance rights to Mr David Harrison – (Long Term Incentive (LTI) for FY23) Charter Hall Group 2022 Annual General Meeting 25
Slide 26: Item 5 – Proxies – Issue of performance rights to Mr David Harrison
Formal Business Item 5 – Issue of performance rights to Mr David Harrison – (Long Term Incentive (LTI) for FY23) FOR: 97.85% OPEN: 0.07% AGAINST: 2.09% Note: Figures may not sum to 100% due to rounding Charter Hall Group 2022 Annual General Meeting 26
Slide 27: Questions
CharterHall Charter 2022 HallGroup 2022Annual Group AnnualGeneral GeneralMeeting Meeting 5 Questions GPO Exchange, 2-10 Franklin Street, Adelaide (CPOF)
Slide 28: Meeting closed
Charter CharterHall HallGroup Group 2022 Annual General Meeting 2022 Annual General Meeting 6 Meeting closed Brisbane City Council Bus Network Terminal, Brisbane (CQE & CLW) Charter Hall Group 2022 Full Year Results
Slide 29: Further information
Further information Investor Relations Tel 1300 365 585 (within Australia) +61 2 8651 9000 (outside Australia) Email reits@charterhall.com.au Presentation authorised by the Board charterhall.com.au/chc IMPORTANT NOTICE & DISCLAIMER This presentation has been prepared by Charter Hall Funds Management