Centuria Industrial Reit · ASX:CIP
Centuria Industrial Reit — 360 Capital Industrial Fund — Shareholder Meeting (October 2013)
14 slides from Centuria Industrial Reit's shareholder meeting presentation, Oct 25, 2013
Slide 1: 360 Capital Industrial Fund Meeting of Members ASX Release
ASX Release | Media Release 360 Capital Industrial Fund 25 October 2013 MEETING OF MEMBERS 25 OCTOBER 2013 CHAIRMAN’S SPEECH AND PRESENTATION Please find attached a copy of the Chairman’s speech and the presentation to be delivered at today’s Meeting of Members. More information can be found on the
Slide 2: 360 Capital Industrial Fund Unitholder Meeting
360 CAPITAL INDUSTRIAL FUND ARSN 099 680 252 Unitholder Meeting | Radisson Blu Hotel, Sydney | 25 October 2013 22 Hawkins Crescent, Bundamba, Queensland (API) 1
Slide 3: Important information
Important information This presentation has been prepared by 360 Capital Investment Management Limited ACN 38 133 363 185, AFSL 340304 (‘360 Capital’) in its capacity as responsible entity of the 360 Capital Industrial Fund ARSN 099 680 252 (‘Fund’). All information in this presentation is current a
Slide 4: Agenda
Agenda Contents 4 Fund Manager Update 7 Resolution: Ratify June 2013 Placement 3
Slide 5: Rationale for June 2013 Placement
Rationale for June 2013 Placement 69 Studley Court, Derrimut VIC Issue Price $2.00 Deliver Australia Placement $24.3m Total acquisition price $37.2m WALE 5.2 years Exposure to NSW 20% Portfolio value $337m Market Capitalisation $186m LVR 46.9% 457 Waterloo Road, Chullora NSW NTA $1.92 Elite Logistic
Slide 6: Price Performance
Price Performance • Strong market support for capital raisings reflected in price performance • Sustained Index outperformance since May 2013 • 12.8% Index outperformance since listing in December 2012 Inclusion in the ASX/S&P 300 index June 2013 capital raise to acquire $37.2m of assets March 2013
Slide 7: Resolution: Ratify June 2013 Placement
Resolution: Ratify June 2013 Placement To consider and, if thought fit, to pass the following resolution as an ordinary resolution of the Fund: “That the issue of 48,637,361 ordinary units in the 360 Capital Industrial Fund to institutional investors on 25 June 2013, as described in the Explanatory
Slide 8: Resolution: Ratify June 2013 Placement (cont.)
Resolution: Ratify June 2013 Placement (cont.) Directors believe refreshing the Fund’s equity raising capacity is in Members’ best interests • Generally, an entity may not, without Member approval, issue in any 12 month period more than 15% of the number of Units on issue 12 months before the date o
Slide 9: Resolution: proxy voting
Resolution: proxy voting Resolution: Ratify June 2013 institutional placement For Against Open Total Abstain Votes % Votes % Votes % Votes % Votes By Number of Units 29.4m 94.6% 0.7m 2.3% 1.0m 3.1% 31.1m 100.0% 0.3m • The Resolution is an ordinary resolution and will be decided on a show of hands un
Slide 10: 360 Capital Industrial Fund
360 CAPITAL INDUSTRIAL FUND ARSN 099 680 252 22 Hawkins Crescent, Bundamba, Queensland (API) 9
Slide 11: Chairman's speech: Meeting of Members
360 CAPITAL INDUSTRIAL FUND MEETING OF MEMBERS 10am 25 October 2013 David van Aanholt (Chairman): Good Morning Ladies and Gentlemen and welcome to a meeting of Members of the 360 Capital Industrial Fund. My name is David van Aanholt and I am the Independent Chairman of 360 Capital Group, and a Direc
Slide 12: The June capital raising and the Resolution
The June capital raising, the subject of the Resolution you are being asked to consider today, was an important step in delivering on the Fund’s strategy of enhancing value by continuing to improve the quality of the portfolio and maximise Unitholder returns. The capital raised was used to acquire t
Slide 13: Fund Manager closing and Chairman's remarks
Before I hand back to the Chairman, I would like to say that the implementation of the Resolution presented here today will assist the Fund to deliver its stated strategy of enhancing value through by pursuing in a measured approach opportunities to grow the Fund and improve asset quality thereby un
Slide 14: Resolution voting and show of hands
assist in meeting its objectives of providing potential for increased income returns and capital growth. The Resolution is an ordinary resolution and will be passed if more than 50 per cent of votes cast by or on behalf of Members entitled to vote on the Resolution are in favour of the Resolution. V
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