Charter Hall Long Wale Reit · ASX:CLW
Charter Hall Long Wale Reit — Shareholder Meeting (October 2024)
20 slides from Charter Hall Long Wale Reit's shareholder meeting presentation, Oct 21, 2024
Slide 1: 2024 Annual General Meeting
Charter Hall Long WALE REIT 2024 Annual General Meeting ASX:CLW Charter Hall Long WALE REIT
Slide 2: Agenda
Agenda 1. Independent Chair’s Address: Glenn Fraser 2. Fund Manager’s Address: Avi Anger 3. Questions 4. Items of Business 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 reco
Slide 3: Independent Chair's Address: Glenn Fraser
1 Independent Chair’s Address: Glenn Fraser Crows Nest Hotel Charter Hall Retail REIT Charter Hall Long WALE REIT Full Year FY21 Results Sydney, NSW
Slide 4: Board of Directors and Fund Managers
Board of Directors Glenn Fraser Chair Ray Fazzolari Ceinwen Kirk-Lennox David Harrison Carmel Hourigan Non-Executive Director Non-Executive Director Managing Director & Group CEO Office CEO Fund Managers Avi Anger Darryl Chua Charter Hall Long WALE REIT Diversified CEO & Fund Manager Deputy Fund Man
Slide 5: Best in class diversified real estate portfolio
Independent Chair’s Address Best in class diversified real estate portfolio secured by long term leases to blue-chip tenants Arnott’s Huntingwood Bunnings Caboolture The Glasshouse (NSW Government) Sydney, NSW Brisbane, QLD Sydney, NSW % $5.8 bn 10.5 years 99.9% 4.7% 55% 99% portfolio valuation WALE
Slide 6: ESG leadership
Independent Chair’s Address ESG leadership Achievements in FY24 Focus areas in FY25+ Net Zero Carbon by 2025 Investing in clean energy 5.3 Star NABERS Energy Active partnership with tenants Environment to reduce our Scope 3 emissions We have achieved Net Zero Scope 1 and CLW has 6.5 MW of installed
Slide 7: Fund Manager's Address: Avi Anger
2 Fund Manager’s Address: Avi Anger Coles Distribution Centre Charter Hall Retail REIT Melbourne, VIC Charter Hall Long WALE REIT Full Year FY21 Results
Slide 8: FY24 full year highlights
Fund Manager’s Address FY24 full year highlights Financial Portfolio Capital performance performance management1 Operating EPS of $762 million of transaction activity2 30.1% balance sheet gearing 26.0 cents per security portfolio curation through strategic divestments reduced from 34.5% and in the m
Slide 9: Completion of strategic asset divestment program to continue portfolio curation
Fund Manager’s Address Completion of strategic asset divestment program to continue portfolio curation Debt reduction Proceeds used to repay debt and reduce gearing Moody’s Baa1 credit rating reaffirmed Cancelling $500 million of debt facilities, providing cost benefit2 $762 million1 in comple
Slide 10: Four year real estate valuation cycle
Fund Manager’s Address Four year real estate valuation cycle CLW like-for-like1 portfolio sector cap rates over the last four years 7.0% On a like-for-like basis1 across CLW’s diversified real 1 estate portfolio, sector cap rates have on average 6.5% expanded over the past two years by the same amou
Slide 11: $5.8 billion diversified portfolio of high quality real estate
Fund Manager’s Address $5.8 billion diversified portfolio of high quality real estate Diversified across geography, real estate sector and tenant industries Key metrics June 2023 June 2024 Number of properties 549 540 Property valuation (A$m) 6,831 5,768 Weighted Average Capitalisation Rate (WACR) 4
Slide 12: Focus on key defensive tenant industries
Fund Manager’s Address Focus on key defensive tenant industries1 Defensive and resilient to economic shocks Pubs and bottle shops (23%) Government (19%) Telecommunications (13%) Fuel & convenience (12%) New Brighton Hotel, Sydney The Glasshouse (NSW Government), Sydney 242 Exhibition Street, Melbour
Slide 13: FY25 guidance
Fund Manager’s Address FY25 guidance Based on information currently available and barring any unforeseen events, CLW is forecast to deliver FY25 Operating EPS of 25.0 cents and DPS guidance of 25.0 cents. Geoscience Australia Canberra, ACT Represents a distribution yield1 of Guidance of FY25 Operati
Slide 14: Questions
Charter Hall Retail REIT Charter Hall Long WALE REIT Full Year FY21 Results 3 ATO Adelaide, Adelaide, SA Questions
Slide 15: Items of Business
CharterHall Charter HallLong LongWALE WALEREIT REIT 4 Young & Jackson Melbourne, VIC Items of Business
Slide 16: Resolution 1: Election and re-election of Independent Directors
Item of Business Resolution 1 Election and re-election of Independent Directors To consider, and if thought fit, pass the following resolutions, as advisory, non-binding resolutions of Securityholders: a. “That Mr Raymond Fazzolari be elected as a director of Charter Hall WALE Limited; and b. “That
Slide 17: Resolution 1a – Proxies – Raymond Fazzolari
Item of Business Resolution 1 a – Proxies – Raymond Fazzolari Election of Independent Director FOR: 87.84% OPEN: .34% AGAINST: 11.83% Charter Hall Long WALE REIT 17
Slide 18: Resolution 1b – Proxies – Ceinwen Kirk-Lennox
Item of Business Resolution 1 b – Proxies – Ceinwen Kirk-Lennox Re-election of Independent Director FOR: 97.42% OPEN: .35% AGAINST: 2.23% Charter Hall Long WALE REIT 18
Slide 19: Meeting Closed
Meeting Closed Bunnings Caboolture, Charter Hall Retail REIT Caboolture, QLD Charter Hall Long WALE REIT Full Year FY21 Results
Slide 20: 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/clw IMPORTANT NOTICE & DISCLAIMER This presentation ("Presentation") has been prepared by and is the s
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