Charter Hall Group · ASX:CHC
Charter Hall — Shareholder Meeting (October 2006)
27 slides from Charter Hall's shareholder meeting presentation, Oct 26, 2006
Slide 1: Annual General Meeting 2006
CHARTER HALL GRQ Fn ANNUAL GENERAL MEETING 2006 CHARTER HALL 26 October 2006
Slide 2: FY06 At-a-Glance
FY 06 AT-A-GLANCE ¥ Outperformed: FY 06 DPS 7.10c vs 6.56c forecast at IPO (up 8.2%) v 3 funds launched successfully ¥ $792m of equity & equity commitments raised ¥ 10 investment assets acquired v¥ Adevelopment projects secured ¥ 3development projects crystallised profits ¥ 35+ leases comprising ove
Slide 3: FY06 Financial Performance
FY06 FINANCIAL PERFORMANCE “ 7 7.10 6.47c $17.42m $16.76m $580m $270m (As at 20 Oct 06) (IPO Pro Forma) 14% 26% (As at 3 July 06) (IPO Pro Forma} CHARTER HALL GROUP AGM 2006
Slide 4: CHC Security Price
CHC SECURITY PRICE 10 Jun.05 TalReum sero 52 20 Ont since IPO 12.0% a Market Capitalisation CHARTER HALL GROUP AGM 2006 51.70 51.00 $1.50. g1.40 $1.90 $1.20 $1.10 $1.00 $9.90 CHC “ASX LPT 300 FOURS. TOAug-05 10-06-05 10-Jun-06 10-Aug-06 18-Oct-08
Slide 5: Equity Raising
EQUITY RAISING CHC has created new products for wholesale and retail markets raising both on and off balance sheet equity and accumulating significant acquisition capacity vy CORE PLUS OFFICE FUND (CPOF) v CHARTER HALL OPPORTUNITY FUND 4 (CHOP 4) vy CHARTER HALL GROUP (CHC) y DIVERSIFIED PROPERTY FU
Slide 6: Co-Investment Model
CO-INVESTMENT MODEL CHARTER HALL PROPERTY TRUST 100% Direct Assets 20% 20% | _CHOF6 = CHOF 5 CHARTER HALL GROUP AGM 2006
Slide 7: Assets under management and acquisitions
2500 2000 « CPOF Remaining Capacity Core Investment Assets Opportunistic Assets (completion value) 1500 $1,123 $627m ooo griem | $609m 500 $84m 0 $15m oo 1998 1999 2000 2001 2002 2003 2006 v $1.7 billion Current AUM ($2.3 billion once CPOF fully invested) ¥ 27 assets totalling approx $1.1 billion ac
Slide 8: New Personnel
NEW PERSONNEL New Member Prior Role Nick Kelly Wholesale Funds Director Head of Property at Mercer Investment Consulting Jelte Bakker Corporate Development Director Neil Berryman NZ General Manager Paul Ford CPIF Fund Manager Industrial Portfolio Manager at DB RREEF CHARTER HALL GROUP AGM 2006
Slide 9: New Initiatives
NEW INITIATIVES v Core Plus Industrial Fund (CPIF) v Core Plus Retail Fund (CPRF) v Charter Hall Umbrella Fund (CHUF) v New Zealand strategy v Investigation of new asset classes and new markets CHARTER HALL GROUP AGM 2006
Slide 10: FY07 Outlook
FY 07 OUTLOOK v Management confirms CHC on track to meet the DPU forecast of 9.53c v Core Plus Industrial Fund (CPIF) equity raising on track CHARTER HALL GROUP AGM 2006 10
Slide 11: Charter Hall October 2006
CHARTER HALL 26 October 2006
Slide 12: Resolution 1
Resolution 1 “That Patrice Derrington, a director of CHL retiring in accordance with the Constitution, is re-elected as a director of CHL.“ Resolution 1 is an ordinary resolution, and will be approved if passed by at least 50% of the votes cast by members entitled to vote on the resolution. CHARTER
Slide 13: Proxies - Resolution 1
Proxies - Resolution 1 = FOR: 266,206,269 (98.64%) = OPEN: 3,679,710 = AGAINST: 708 = ABSTAIN: 82,180 CHARTER HALL GROUP AGM 2006 13
Slide 14: Resolution 2
Resolution 2 "That Glenn Fraser, a director of CHL retiring in accordance with the Constitution, is re-elected as a director of CHL." Resolution 2 is an ordinary resolution, and will be approved if passed by at least 50% of the votes cast by members entitled to vote on the resolution. CHARTER HALL G
Slide 15: Proxies - Resolution 2
Proxies - Resolution 2 = FOR: 203,605,680 (79.57%) = OPEN: 3,679,710 = AGAINST: 48,598,463 = ABSTAIN: 14,085,014 CHARTER HALL GROUP AGM 2006 16
Slide 16: Resolution 3
Resolution 3 "That David Southon, a director of CHL retiring in accordance with the Listing Rules, is re-elected as a director of CHL". Resolution 3 is an ordinary resolution, and will be approved if passed by at least 50% of the votes cast by members entitled to vote on the resolution. CHARTER HALL
Slide 17: Proxies - Resolution 3
Proxies - Resolution 3 = FOR: 260,133,217 (98.60%) = OPEN: 3,679,710 = AGAINST: 708 = ABSTAIN: 82,180 CHARTER HALL GROUP AGM 2006 17
Slide 18: Resolution 4
Resolution 4 “That, for the purposes of Rule 43(b) of the Constitution and Listing Rule 10.17, the maximum aggregate remuneration that may be paid to all of the directors of CHL for their services as directors of CHL be increased to the sum of $525,000 per annum." Resolution 4 is an ordinary resolut
Slide 19: Proxies - Resolution 4
Proxies - Resolution 4 = FOR: 237,593,900 (99.65%) = OPEN: 647,849 = AGAINST: 195,517 = ABSTAIN: 441,120 CHARTER HALL GROUP AGM 2006 19
Slide 20: Resolution 5
Resolution 5 “That approval is given for all purposes under the Corporations Act and the Listing Rules for the issue of 393,701 trust units at a price of $1.27 per unit under the Charter Hall Executive Loan Security Plan (ELSP) to Mr Cedric Fuchs”. Resolution 5 is an ordinary resolution, and will be
Slide 21: Proxies - Resolution 5
Proxies - Resolution 5 = FOR: 237,916,373 (99.52%) = OPEN: 647,849 = AGAINST: 493,150 = ABSTAIN: 2,000 CHARTER HALL GROUP AGM 2006 2
Slide 22: Resolution 6
Resolution 6 "That the remuneration report for the year ended 30 June 2006 be adopted." Resolution 6 is an ordinary resolution, and will be approved if passed by at least 50% of the votes cast by members entitled to vote on the resolution. CHARTER HALL GROUP AGM 2006 22
Slide 23: Proxies - Resolution 6
Proxies - Resolution 6 = FOR: 265,641,700 (98.56%) = OPEN: 3,689,710 = AGAINST: 195,517 = ABSTAIN: 441,940 CHARTER HALL GROUP AGM 2006 23
Slide 24: Resolution 7
Resolution 7 "That approval is given for all purposes under the Corporations Act and the Listing Rules for the issue of 16,880,381 Stapled Securities to Institutional Investors under the Placement conducted by Charter Hall Group on 14 June 2006.“ The voting on Resolution 7 is to be conducted on a po
Slide 25: Proxies - Resolution 7
Proxies - Resolution 7 = FOR: 251,600,218 (99.38%) = OPEN: 1,480,428 = AGAINST: 94,000 = ABSTAIN: 14,584,939 CHARTER HALL GROUP AGM 2006 2
Slide 26: Resolution 8
Resolution 8 "That approval is given for all purposes under the Corporations Act and the Listing Rules for the issue of 18,000,000 Stapled Securities to Contestor Pty Limited (or its nominee) in consideration for the acquisition of a fifty percent interest of St Georges Square.“ The voting on Resolu
Slide 27: Proxies - Resolution 8
Proxies - Resolution 8 = FOR: 265,718,151 (99.42%) = OPEN: 1,480,428 = AGAINST: 78,708 = ABSTAIN: 482,298 CHARTER HALL GROUP AGM 2006 ar
Charter Hall Group — Shareholder Meeting (October 2006) on 6ix