Charter Hall Group · ASX:CHC
Charter Hall — Shareholder Meeting (November 2023)
30 slides from Charter Hall's shareholder meeting presentation, Nov 16, 2023
Slide 1: Charter Hall Group 2023 Annual General Meeting
For personal use only Charter Hall Social Infrastructure REIT Charter Hall Group 2023 Annual General Meeting 2023 Full Year Results
Slide 2: Acknowledgement of Country
For personal use only Acknowledgement of Country Charter Hall acknowledges the Traditional Custodians of the lands on which we work and gather. We pay our respects to Elders past and present and recognise their continued care and contribution to Country. Charter Hall Group 2 2023 Annual General Meet
Slide 3: Agenda
For personal use only Agenda 1. Independent Chair’s Address: David Clarke 2. Managing Director’s Address: David Harrison 3. Questions 4. Formal Business 5. Questions Cover image: Midwest Logistics Hub, Truganina (CPIF) Left image: 555 Collins Street, Melbourne (CPOF) Charter Hall Charter Hall Group
Slide 4: Chair's Address
1 Chair’s Address For personal use only Light Horse Logistics Hub, Eastern Creek (CPIF) CharterHall Charter HallGroup Group Charter Hall Group 2023 2023Full HalfYear YearResults Results 2023 Annual General Meeting
Slide 5: Board of Directors
Chair’s Address Board of Directors For personal use only David Clarke Chair David Ross Karen Moses David Harrison Jacqueline Chow Stephen Conry AM Greg Paramor AO Non-Executive Director Non-Executive Director Managing Director & Non-Executive Director Non-Executive Director Non-Executive Director Gr
Slide 6: Operating earnings and distributions per security growth
Chair’s Address Operating earnings growth Operating earnings and distributions per security growth For personal use only - Strength of underlying retained earnings driving fund creation and growth OEPS (post-tax) cps - Consistent DPS growth of 7.7% from FY13 to 115.6cps FY23 DPS (cash paid) - Cumula
Slide 7: ESG Leadership
Chair’s Address ESG Leadership Achievements in FY23 Focus areas in FY24+ Environment For personal use only Net Zero Carbon Targets Investment in clean energy ESG performance supporting Climate Action Established near-term and long-term Long Term PPA to supply 100% renewable sustainable finance Conti
Slide 8: Managing Director's Address
For personal use only CharterHall Charter Charter 2023 HallGroup Hall Full Group Group HalfYear 2023Annual 2023 YearResults Results General Meeting 2 Managing Director’s Address 555 Collins Street, Melbourne (CPOF)
Slide 9: Group highlights
Managing Director’s Address Group highlights1 For personal use only Group Returns Property Investments Funds Management Investment Capacity Operating earnings Property Investment portfolio Group FUM4 Group investment capacity 6 $441 million $3.0bn $87.4bn ↑ 9.4% $6.0bn Statutory profit 2 Property FU
Slide 10: Funds Under Management (FUM) growth
Managing Director’s Address Funds Under Management (FUM) growth Property FUM growth of 9.5% from $65.6bn to $71.9bn For personal use only Property FUM growth ($bn) Property FUM by equity source ($bn) 80.0 5-year Property FUM CAGR of 25.4% $7.6bn ($2.8bn) 75.0 $71.9bn $3.0bn Wholesale 24.7% ($1.6bn)
Slide 11: Property funds management portfolio
Managing Director’s Address Property funds management portfolio Largest diversified property portfolio in Australia For personal use only Portfolio value Lettable area No. of Net rent WARR1 WALE Occupancy WACR Property FUM ($bn) (m sqm) Properties ($m) (%) (years) (%) (%) 30 June 2023 71.9 11.9 1,66
Slide 12: Diversified tenant customers
Managing Director’s Address Diversified tenant customers The top 20 tenants are represented by Government, multinationals & listed companies – The top 20 tenants represent 56% of property platform income For personal use only – 26% of platform leases are NNN and 21% of platform net income is CPI-lin
Slide 13: Diversified tenant customers: highest quality tenants
Managing Director’s Address Diversified tenant customers We are focused on the highest quality tenants Platform tenants by institution, by net income For personal use only 52.9% 18.1% 11.3% 9.4% 7.1% 3.1% 1.0% Government Listed Unlisted Multinational Institutional Quality Private Equity Private Nati
Slide 14: FY23 property transaction activity
Managing Director’s Address FY23 property transaction activity $10.4bn of transaction activity, comprising over 90 transactions with 25 active funds/partnerships For personal use only Social Industrial & Long WALE Shopping Office Infrastructure / Total Logistics Retail Centre Retail Other Acquisitio
Slide 15: Equity inflows
Managing Director’s Address Equity inflows1 ($m) FY20 FY21 FY22 FY23 - Diverse sources of equity across For personal use only Wholesale, Listed and Direct Wholesale pooled funds 1,272 2,111 1,575 817 - Wholesale flows weighted towards partnerships Wholesale partnerships 1,298 1,448 1,137 1,432 - ~10
Slide 16: FY24 operating earnings guidance
Managing Director’s Address FY24 operating earnings guidance Based on no material change in current market conditions, FY24 guidance is for post-tax For personal use only operating earnings per security of approximately 75 cents. FY24 distribution per security guidance is for 6% growth over FY23. 60
Slide 17: Questions
3 Questions For personal use only Midwest M idwest Logistics Hub, Truganina (CPIF) CharterHall Charter HallGroup Group Charter Hall Group 2023 Annual General Meeting 2023 Annual General Meeting
Slide 18: Formal Business
4 Formal Business For personal use only Geoscience Australia, Canberra (CLW, CQE & DIF4) CharterHall Charter HallGroup Group Charter Hall Group 2023 Annual General Meeting 2023 Annual General Meeting
Slide 19: Item – Annual Report
Formal Business Item 1 – Annual Report For personal use only Charter Hall Group 19 2023 Annual General Meeting
Slide 20: Item – Election and Re-election of Directors of CHL
Formal Business Item 2 – Election and Re-election of Directors of CHL For personal use only Charter Hall Group 20 2023 Annual General Meeting
Slide 21: Proxies – Election and Re-election of Directors
Formal Business Item 2 – Proxies – Election and Re-election of Directors of CHL For personal use only For Open Against Stephen Conry AM 99.32% .07% .61% David Ross 91.81% .07% 8.12% Charter Hall Group 21 2023 Annual General Meeting
Slide 22: Item – Adoption of Remuneration Report
Formal Business Item 3 – Adoption of Remuneration Report For personal use only Charter Hall Group 22 2023 Annual General Meeting
Slide 23: Proxies – Adoption of Remuneration Report
Formal Business Item 3 – Proxies – Adoption of Remuneration Report For personal use only FOR: 96.31% OPEN: .07% AGAINST: 3.62% Charter Hall Group 23 2023 Annual General Meeting
Slide 24: Item – Issue of service rights to Mr David Harrison
Formal Business Item 4 – Issue of service rights to Mr David Harrison - Performance Rights and Options Plan (Mandatorily deferred portion of Short-Term Incentive (STI) for FY23) For personal use only Charter Hall Group 24 2023 Annual General Meeting
Slide 25: Proxies – Issue of service rights to Mr David Harrison
Formal Business Item 4 – Proxies – Issue of service rights to Mr David Harrison - Performance Rights and Options Plan (Mandatorily deferred portion of Short-Term Incentive (STI) for FY23) For personal use only FOR: 99.11% OPEN: .09% AGAINST: .80% Charter Hall Group 25 2023 Annual General Meeting
Slide 26: Item – Issue of performance rights to Mr David Harrison
Formal Business Item 5 – Issue of performance rights to Mr David Harrison – Performance Rights and Options Plan (Long Term Incentive (LTI) for FY24) For personal use only Charter Hall Group 26 2023 Annual General Meeting
Slide 27: Proxies – Issue of performance rights to Mr David Harrison
Formal Business Item 5 – Proxies – Issue of performance rights to Mr David Harrison – Performance Rights and Options Plan (Long Term Incentive (LTI) for FY24) For personal use only FOR: 98.51% OPEN: .07% AGAINST: 1.42% Note: Figures may not sum to 100% due to rounding Charter Hall Group 27 2023 Annu
Slide 28: Questions
5 Questions For personal use only Multi Level Logistics Complex Charter Hall Group Artist’s impression – Ascent on Bourke, Alexandria, Sydney (CLP) 2022 Half Year Results Charter Hall Group Charter Hall Group 2021 Full Year Results 2023 Annual General Meeting
Slide 29: Meeting closed
For personal use only CharterHall Charter 2023 HallGroup 2023Full Half Group Year Year Annual Results Results General Meeting 6 Melbourne (CPOF) Meeting closed Charter Hall Offices, Level 23, 130 Lonsdale Street,
Slide 30: Further information
Further information For personal use only 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
Charter Hall Group — Shareholder Meeting (November 2023) on 6ix