Property For Industry Limited · NZX:PFI
Property For Industry — Shareholder Meeting (June 2020)
20 slides from Property For Industry's shareholder meeting presentation, Jun 3, 2020
Slide 1: Welcome to the 2020 Annual Meeting
WELCOME TO THE 2020 ANNUAL MEETING.
Slide 2: Agenda
Agenda Annual Meeting 2020 01. BOARD AND MANAGEMENT TEAM PRESENTATIONS 02. SHAREHOLDER DISCUSSION 03. FINANCIAL STATEMENTS AGENDA 04. ORDINARY RESOLUTIONS 05. GENERAL BUSINESS
Slide 3: Board and management team presentations
Board and Annual management team Meeting presentations 2020 01. BOARD AND MANAGEMENT TEAM PRESENTATIONS
Slide 4: Introductions
Introductions Annual Meeting 2020 INTRODUCTIONS
Slide 5: Humphry Rolleston
Humphry Annual Rolleston Meeting 2020 HUMPHRY ROLLESTON
Slide 6: 2019 Highlights
2019 Annual Highlights Meeting 2020 2019 HIGHLIGHTS LEASING ACTIVITY $ 99,000 FOUR PROPERTIES SECURED NET PROFIT SQM LEASED $ 106 M $ 176.3 M TOTAL RETURNS DIVIDEND NET TANGIBLE ASSETS 206 2019 7.60 2019 2018 2018 2017 40% 2017 CENTS PER SHARE CENTS PER SHARE 2016 2016 2015 2015
Slide 7: Gross return since inception: 11% pa
Context Annual Meeting 2020 GROSS RETURN SINCE INCEPTION: 11% PA 1600 1400 1200 1000 800 600 400 200 0 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Source: Forsyth Barr Analysis, NZX
Slide 8: Progress
2019 Annual Progress Meeting 2020 2019 $ 106 M $ 40 M $ 21 M PROGRESS $106 million was $40 million of Committed a further committed during the divestments contracted $21 million to four new year to four prime during the year, significant value-add Auckland industrial non-industrial projects. opportu
Slide 9: COVID-19
COVID-19 Annual Meeting 2020 WHAT WAS OUR IMMEDIATE RESPONSE? COVID-19 HOW ARE WE RESPONDING TO IT NOW? HOW ARE WE THINKING ABOUT THE PANDEMIC LOOKING FORWARD?
Slide 10: Our immediate response
Our immediate Annual response Meeting 2020 Secured an additional $50 million of Instigated our business liquidity from one of our key banking continuity plans and established partners, the Commonwealth our team working from home. Bank of Australia. COVID-19 IMMEDIATE Began working with Examined our
Slide 11: How we are responding now
How we are Annual responding Meeting now 2020 Ensuring our tenants are 45 abatement or deferral able to perform going forward deals totalling approximately by continuing to work closely 1.2% of annual rent agreed with them. to date. COVID-19 NOW Around 90% of Divestments on non-industrial April and
Slide 12: Looking forward
Looking Annual forward Meeting 2020 Discussions with PFI’s Divest those remaining tenants to continue throughout non-industrial properties when much of 2020. the time is right. COVID-19 FORWARD Our low gearing and diversified funding mix leave us well placed to pursue the acquisition of additional q
Slide 13: One of New Zealand's foremost listed property vehicles
One of Annual New Zealand’s Meeting foremost listed 2020 property vehicles ONE OF NEW ZEALAND'S FOREMOST LISTED PROPERTY VEHICLES $1,469m $987m 2019 2015 $352m $333m 2010 $204m 2005 $74m 2000 1995 Gross returns since inception: 11% pa
Slide 14: Shareholder discussion
Shareholder Annual discussion Meeting 2020 02. SHAREHOLDER DISCUSSION
Slide 15: Financial statements
Financial Annual statements Meeting 2020 03. FINANCIAL STATEMENTS
Slide 16: Ordinary resolutions
Ordinary Annual resolutions Meeting 2020 04. ORDINARY RESOLUTIONS
Slide 17: Ordinary resolutions
Ordinary Annual resolutions Meeting 2020 RESOLUTION RESOLUTION RESOLUTION 01 02 03 That Anthony Beverley, That Dean Bracewell (appointed That the Directors are who retires and is eligible by the Board as a Director authorised to fix the fees and for election, be elected as a on 29 November 2019), ex
Slide 18: General business
General Annual business Meeting 2020 05. GENERAL BUSINESS
Slide 19: Close of meeting
Close of Annual meeting Meeting 2020 CLOSE OF MEETING
Slide 20: Disclaimer
Disclaimer Annual Meeting 2020 DISCLAIMER The information included in this presentation is provided While every care has been taken in the preparation of as at 3 June 2020. this presentation, PFI makes no representation or warranty as to the accuracy or completeness of any statement in it Property f
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