Growthpoint Properties Australia · ASX:GOZ
Growthpoint Properties Australia — Shareholder Meeting (November 2015)
21 slides from Growthpoint Properties Australia's shareholder meeting presentation, Nov 25, 2015
Slide 1: Annual General Meeting Presentation 25 November 2015
Growthpoint Properties Australia (ASX Code: GOZ) Growthpoint Properties Australia Trust ARSN 120 121 002 Growthpoint Properties Australia Limited ABN 33 124 093 901 AFSL 316409 www.growthpoint.com.au For personal use only Annual General Meeting Presentation 25 November 2015 Bldg C, 211 Wellington Rd
Slide 2: Chairman's address
For personal use only Chairman’s address Geoff Tomlinson Independent Chairman 1231-1241 Sandgate Road, Nundah, QLD
Slide 3: Managing Director's address
Managing For personal use only Director’s address Timothy Collyer Managing Director 1-3 Pope Court, Beverley, SA
Slide 4: FY15 Highlights
FY15 Highlights For personal use only Financial results 21.2cps 19.7cps $2.48 Distributable income Distribution paid NTA per security above guidance and 6.0% at guidance 14.8% increase above FY14 Capital management • Investment grade credit rating from Strong financial Moody’s issued and reaffirmed
Slide 5: Securityholder returns to June 2015
Securityholder returns to 30 June 2015 For personal use only Total Return Securityholder on equity returns FY15 23.9% FY15 36.4% Over five years 67.3% Over five years 21.3% p.a. • Included in S&P/ASX 200 Index Attractive returns and MSCI Global Small Cap Index 70 Distribution Street, Larapinta, QLD
Slide 6: Property portfolio
Property portfolio1 For personal use only 7.3% Property portfolio valued at $2.4B as at 30 June 2015 Weighted average capitalisation rate 6.6yrs 97% Weighted average lease expiry Occupancy (WALE) 3.0% Weighted average rent review (WARR) Growthpoint maintains a modern portfolio, with quality tenants,
Slide 7: Property portfolio continued
Property portfolio1 Continued For personal use only Portfolio rent expiring Top ten Tenants Per financial Year by passing rent WALE % (years) 100% Woolworths 24 6.8 80% NSW Police 10 8.6 60% 40% GE Capital Finance Australasia 6 2.4 20% Linfox 4 7.6 0 Commonwealth of Australia 4 9.4 Vacant FY16 FY17
Slide 8: Post June 2015: Acquisitions
Post 30 June 2015: Acquisitions For personal use only Address Sector Date of Land Lettable Year of Purchase Yield WALE Annual Major tenant(s) purchase area area completion price (%) (yrs) fixed rent (m²) (m²) ($m) reviews (%) Aluminum Specialities Group, 1-3 Pope Crt Beverley SA Industrial Jul 2015
Slide 9: Post June 2015: Leasing
Post 30 June 2015: Leasing For personal use only Address Sector Tenant Start date Term Annual rent NLA Car Parks (yrs) increases (m²) (%) A1, 32 Cordelia Street South Brisbane QLD Office Jacobs Group (Australia) Q4, FY15 9.8 Fixed 3.75% 8,207 61 333 Ann Street Brisbane QLD Office QER Pty Ltd Q1, FY1
Slide 10: Brisbane CBD leasing exposure limited
Brisbane CBD leasing exposure limited For personal use only $454m $245m Office Industrial QLD Growthpoint’s Office Office Value % of Lettable Occupancy2 WALE2 Comment office market market of asset Growthpoint’s area (%) (yrs) property vacancy ($m) portfolio (m²) rate1 (by value) (%) SW1 office South
Slide 11: Outlook: Market conditions
Outlook: Market conditions For personal use only Property market • Tenancy demand improving –– National office market vacancy rate 10.4%1 and reducing in key Melbourne and Sydney markets –– National industrial property market gross take-up for 2015 is solid, but expected to be at or slightly lower t
Slide 12: Outlook: Market conditions (A-REIT, interest rates)
Outlook: Market conditions For personal use only A-REIT market • Offering an attractive risk adjusted yield with distribution growth • M&A activity to continue. Small to mid-sized IPOs to continue into 2016 where product is good and where a “window of opportunity” presented • Volatility in equity ma
Slide 13: Outlook: Growthpoint Properties Australia
Outlook: Growthpoint Properties Australia For personal use only • Stable income from growing rental income stream • Limited upcoming vacancies • Major office assets in strong office markets • Industrial property portfolio 100% leased; sought after asset class • New acquisitions to contribute to grow
Slide 14: Items of business
For personal use only Items of business Building C, Gore Hill Technology Park, 219 Pacific Highway, Artarmon, NSW
Slide 15: Item 1: Financial Statements & Reports
Item 1: Financial Statements & Reports – Company & Trust For personal use only To receive and consider: a) The financial reports and the reports of the Directors and the auditors in respect of the Company for the financial year ended 30 June 2015; and b) The financial reports and the reports of the
Slide 16: Item 2: Remuneration report
Item 2: Remuneration report – Company only For personal use only To consider and, if thought fit, pass the following resolution as an ordinary resolution: “That the Remuneration Report of the Company (which forms part of the Directors’ Report) for the financial year ended 30 June 2015 be adopted.” P
Slide 17: Item 3: Re-election of directors
Item 3: Re-election of directors – Company only For personal use only To consider and, if thought fit, pass the following resolutions as separate ordinary resolutions: (a) “That Mr Geoffrey Tomlinson, who retires under rule 11.1(d) of the Company’s Constitution and being eligible, offers himself for
Slide 18: Item 4: Approval of issue to Timothy Collyer
Item 4: Approval of issue to Timothy Collyer (Managing Director) – Company and Trust For personal use only To consider and, if thought fit, pass the following as an ordinary resolution: “That for the purposes of ASX Listing Rule 10.14 and all other purposes, the grant of 40,736 Performance Rights to
Slide 19: Item 5: Renewal of proportional takeover provisions
Item 5: Approval of renewal of proportional takeover provisions for a further three years - Company only For personal use only To consider and, if thought fit, pass the following as a special resolution: “That the proportional takeover provisions in the form of rule 8 of the Company’s Constitution (
Slide 20: Close of meeting
Close of meeting For personal use only Attendees are invited to join directors, auditors and staff for a light lunch immediately following conclusion of meeting. Visit the Group’s website at www.growthpoint.com.au Bldg B, 211 Wellington Road, Mulgrave, VIC (Artist’s impression) Growthpoint Propertie
Slide 21: Thank you
For more information contact us at: Email: info@growthpoint.com.au Investor services line: 1800 260 453 For personal use only www.growthpoint.com.au Growthpoint Properties Australia Level 22, 357 Collins Street Melbourne VIC 3000 Thank you Growthpoint Properties Australia Annual General Meeting | 25
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