Waypoint Reit Ltd. · ASX:WPR
Waypoint Reit — Viva Energy REIT — Shareholder Meeting (May 2017)
26 slides from Waypoint Reit's shareholder meeting presentation, May 16, 2017
Slide 1: ASX cover letter: 2017 Annual General Meeting results
The Manager Company Announcements Platform Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000 16 May 2017 Dear Sir/Madam, Viva Energy REIT (“VVR”) 2017 Annual General Meeting results Please find attached the following documents for announcement to the market: 1. presentation made at the
Slide 2: Viva Energy REIT Annual General Meeting
Viva Energy REIT Annual General Meeting 10.00am 16 May 2017
Slide 3: Disclaimer
Disclaimer: This presentation has been prepared by Viva Energy REIT (“VVR” or This presentation has been prepared without taking into account the Viva Energy REIT and its associates, related entities, directors, “Viva Energy REIT”) which is a stapled entity comprising shares in investment objectives
Slide 4: Agenda
Agenda Chairman’s Address 4 Business Update 6 Formal Business 14 Concluding Remarks 20 Viva Energy REIT AGM ǀ 16 May 2017 ǀ 3
Slide 5: Chairman's Address
Chairman’s Address Shell Coles Express West Ryde, NSW Laurence Brindle Chairman Viva Energy REIT Viva Energy REIT AGM ǀ 16 May 2017 ǀ 4
Slide 6: 2016 Highlights
2016 Highlights Business Deal Pipeline Exceeded IPO Gearing Below Platform Established Forecast Target Range Established Viva Energy REIT AGM ǀ 16 May 2017 ǀ 5
Slide 7: Business Update
Business Update Shell Coles Express Ultimo, NSW Margaret Kennedy Managing Director VER Manager Pty Ltd Viva Energy REIT AGM ǀ 16 May 2017 ǀ 6
Slide 8: 2016 Financial Highlights
2016 Financial Highlights Period ended 31 December 2016 Statutory Net Profit $1.0m Distributable Earnings $36.5m 5.28 CPS +3.7% forecast Paid 6 Feb 2017 Payout Ratio 100% Net Tangible Assets $2.07 per stapled security (prior to payment of distribution 6 Feb 2017) Weighted Operating Gearing at averag
Slide 9: Viva Energy REIT Portfolio Overview
Viva Energy REIT Portfolio Overview As at 31 December 2016 Portfolio of 425 high quality service station properties Geographically diverse across all Australian states and territories Security of income through long term triple-net leases to Viva Energy Australia, a high quality tenant 100% occupanc
Slide 10: Viva Energy REIT Portfolio Overview
Viva Energy REIT Portfolio Overview As at 31 December 2016 1% Portfolio characteristics 20% • Portfolio weighted towards Australia’s more populous Eastern seaboard 8% 6% • High proportion of metropolitan sites – Typically higher value and higher volume sites that 33% attract tighter capitalisation r
Slide 11: 2017 Activity Update
2017 Activity Update Announced four acquisitions 21 February 2017 – All acquisitions now settled – Total value of $26.2 million (excluding transactions costs) – Weighted average lease expiry (by income) to Viva Energy Australia of 8 years – Weighted average capitalisation rate of 6.4% (by contract p
Slide 12: Viva Energy Australia Update
Viva Energy Australia Update For year ended 31 December 2016 Assigned S&P BBB- rating; outlook stable Productive working relationship with Viva Energy REIT management Shell Coles Express Collingwood, VIC This slide includes information regarding Viva Energy Australia Pty Ltd ABN 46 004 610 459 (Viva
Slide 13: Strategy
Strategy Service station investments – strong defensive characteristics Consumer Demand for Investment Contracted rental Strong lease Highly liquid staple – fuel and fuel relatively grade rated growth profile covenants property convenience inelastic tenant underpins market earnings growth Acquisitio
Slide 14: 2017 Outlook and Forecast
2017 Outlook and Forecast Optimise Core Growth Capital Forecast Business Opportunities Management Viva Energy REIT’s Viva Energy REIT will Review debt capital Forecast year end investment objective is to assess acquisition and structure, maintain December 2017 own a portfolio of high site developmen
Slide 15: Formal Business
Formal Business Laurence Brindle Shell Coles Express Coorparoo, QLD Chairman Viva Energy REIT Viva Energy REIT AGM ǀ 16 May 2017 ǀ 14
Slide 16: Ordinary Business: Financial Reports
Ordinary Business Financial Reports As required by section 317 of the Corporations Act, the Annual Financial Report, including the Director’s Report and Auditor’s Report for the part-year ended 31 December 2016 are presented to the meeting. The combined Annual Financial Report of the Company and the
Slide 17: Resolution 1: Remuneration Report
Ordinary Business Resolution 1: Non-binding Advisory vote on the Remuneration Report To consider and, if thought fit, to pass the following resolution as an advisory resolution of Viva Energy REIT Limited. “That the Company’s Remuneration Report for the part-year ended 31 December 2016 be approved.”
Slide 18: Resolution 2: Appointment of Auditor
Ordinary Business Resolution 2: Appointment of Auditor To consider and, if thought fit, to pass the following resolution as an advisory resolution of Viva Energy REIT Limited. “That pursuant to and in accordance with section 327B of the Corporations Act and for all other purposes, PricewaterhouseCoo
Slide 19: Resolution 3: Re-election of Lachlan Pfeiffer
Ordinary Business Resolution 3: Re-election of director - Lachlan Pfeiffer To consider and, if thought fit, to pass the following resolution as an advisory resolution of Viva Energy REIT Limited. “That Mr Lachlan Pfeiffer, who was appointed as a director by the Board on 28 March 2017 and retires in
Slide 20: Resolution 4: Re-election of Georgina Lynch
Ordinary Business Resolution 4: Re-election of director - Georgina Lynch To consider and, if thought fit, to pass the following resolution as an advisory resolution of Viva Energy REIT Limited. “That Ms Georgina Lynch, who has been a director of the Board since 10 July 2016 and retires in accordance
Slide 21: Closing Remarks
Closing Remarks Shell Coles Express Bunker Hill, VIC Laurence Brindle Chairman Viva Energy REIT Viva Energy REIT AGM ǀ 16 May 2017 ǀ 20
Slide 22: Annual General Meeting Script: Chairman's Address
Viva Energy REIT (VVR) Annual General Meeting Script 16 May 2017 CHAIRMAN’S ADDRESS – LAURENCE BRINDLE [Slide 3&4] The agenda for today’s meeting includes an introduction from myself followed by a business update from Margaret Kennedy, the managing director of VER Manager Pty Ltd. We will then move
Slide 23: Managing Director Presentation script
I would now like to invite Margaret Kennedy to address the meeting and provide a business update. MANAGING DIRECTOR PRESENTATION – MARGARET KENNEDY [Slide 6] My name is Margaret Kennedy and as the managing director of VER Manager Pty Limited, manager of Viva Energy REIT, it gives me great pleasure t
Slide 24: Script: portfolio and valuation
The portfolio of service station properties is spread across the country with more than 75% of the sites in the most populous eastern states, and with three quarters of the locations in metropolitan areas. The sites are branded Shell/Coles Express and are operated by Coles Express. As at 31 December
Slide 25: Script: defensive characteristics and acquisitions
We believe service station properties, particularly of the quality reflected in our portfolio, retain strong defensive characteristics with room for further growth. The Viva Energy REIT portfolio offers investors contracted 3% rental growth, with long terms leases tied to an investment grade rated t
Slide 26: Result of General Meeting (ASX Report)
VIVA ENERGY REIT RESULT OF GENERAL MEETING (ASX REPORT) ANNUAL GENERAL MEETING Tuesday, 16 May, 2017 As required by section 251AA(2) of the Corporations Act 2001 (Commonwealth) the following statistics are provided in respect of each resolution on the agenda. Manner in which the securityholder direc