Goodman Group · ASX:GMG
Goodman — Shareholder Meeting (November 2024)
34 slides from Goodman's shareholder meeting presentation, Nov 14, 2024
Slide 1: ASX cover letter: Chairman's and CEO's Presentations
14 November 2024 Market Announcements Office ASX Limited Via ASX Online Dear Sir / Madam For personal use only Goodman Group (Goodman) Annual General Meetings - Chairman's and CEO's Presentations Please find attached the Chairman’s and Group CEO’s written addresses and presentations for Goodman's An
Slide 2: Chairman's Address: Welcome and 2024 Overview
CHAIRMAN’S ADDRESS GOODMAN GROUP AGM 2024 14 NOVEMBER 2024, 10AM WELCOME AND INTRODUCTIONS Good morning and welcome to the 2024 Annual General Meetings of Goodman Group. I’m Stephen Johns, your Chairman. I extend a warm welcome to those of you who are in the room with us here in Sydney, as well as t
Slide 3: Our People and Remuneration
OUR PEOPLE However, we believe that our greatest asset is our people. Leveraging the opportunity that our property portfolio provides, requires a highly capable and experienced management team. As one of Australia’s few successful international companies, particularly in the real estate sector, we k
Slide 4: Long Term Incentive Plan Metrics
The Long Term Incentive Plan has two performance metrics: • Relative total shareholder return (TSR) with a weighting of 25%; and • Operating Profit EPS growth with a weighting of 75%, and the most significant metric. The Board spends considerable time in setting the hurdles for EPS growth (for opera
Slide 5: Board Composition and Director Re-election
Of the nine Non-Executive Directors, four or 44% are female and five, or 55% are offshore residents. Of our full Board, which includes three Executive Directors, 33% are female and 58% are located offshore. Danny Peeters and David Collins are both standing for re-election today and they will address
Slide 6: CEO Address
CEO ADDRESS GOODMAN GROUP AGM 2024 Good morning and welcome. Goodman is a provider of essential infrastructure, with our warehouses and data centres, supporting the flow and storage of goods and data throughout the economy. The structural drivers of the digital economy are creating significant oppor
Slide 7: CEO Address continued: Data Centres, Management, Sustainability
customers to operate. This is being driven by both customer and investor demand for operational assets. Our competitive advantage is that we have the sites, power, capability, people, track record, and commitment to build the infrastructure to accelerate time to market. We believe this will generate
Slide 8: Goodman Group Annual General Meetings 2024
For personal use only GOODMAN GROUP ANNUAL GENERAL MEETINGS 2024 Goodman Business Park, Greater Tokyo, Japan
Slide 9: How to Ask a Question
HOW TO ASK A QUESTION 2 + To ask a written question select the Q & A icon For personal use only + Select the topic your question relates to from the drop-down list + Type your question in the text box and press the send button + To ask a verbal question follow the instructions below the broadcast wi
Slide 10: How to Vote
HOW TO VOTE 3 + When the poll is open, select the vote icon at the top of the screen For personal use only + To vote, select either For, Against or Abstain + You will see a vote confirmation + To change or cancel your vote “click here to change your vote” at any time until the poll is closed. Goodma
Slide 11: Agenda
Welcome and introductions 4 AGENDA Chairman’s address Group strategy video For personal use only Group CEO’s address Formal business Close Goodman Joso, Ibaraki, Japan Goodman Group Annual General Meetings 2024
Slide 12: Directors and Executives
DIRECTORS AND EXECUTIVES 5 Greg Goodman Mark Johnston David Collins For personal use only Group Chief Executive Officer Independent Director Independent Director Carl Bicego Vanessa Liu Kitty Chung Company Secretary Independent Director Independent Director Belinda Robson Chris Green (apology) Danny
Slide 13: Chairman's Address
6 CHAIRMAN’S For personal use only ADDRESS STEPHEN JOHNS Goodman Group Annual General Meetings 2024
Slide 14: 2024 Overview
7 2024 OVERVIEW For personal use only + Delivered a very strong result + Operating earnings per security increased by 14% + Total Securityholder Return of 75% + Top 10 ASX company by market capitalisation (30 June 2024: $66 billion) + Agile and innovative in challenging market conditions + Propertie
Slide 15: Our People
OUR PEOPLE 8 + People are our greatest asset For personal use only + Highly capable and experienced management team + One of Australia’s few successful international companies + Operating a global business requires an international team with strong local relationships and knowledge. Goodman Group An
Slide 16: Our People (con't)
OUR PEOPLE (CON'T) 9 + Motivating and retaining our people and For personal use only aligning interests with our Securityholders is essential for future success + The Group has developed market-leading expertise across the globe in planning, design, and delivery of specialised digital infrastructure
Slide 17: Remuneration
REMUNERATION 10 + Remuneration is an integral part of For personal use only Goodman’s business strategy + Resulted in excellent Securityholder returns and pay for performance outcomes over many years + A Proxy Advisor listed Goodman as having the highest Pay for Performance in the top 25 ASX compani
Slide 18: Remuneration (con't)
REMUNERATION (CON'T) 11 + Operating profit is based on cash profit after tax For personal use only + Operating profit is directly linked to the impact employees can have on earnings, resulting in alignment of employee remuneration and securityholder performance + The Board’s 11% CAGR hurdle for full
Slide 19: Remuneration (con't): Total Shareholder Return
REMUNERATION (CON'T) 12 + The success of the remuneration strategy and EPS hurdles are demonstrated by the Group significantly For personal use only outperforming peer groups over 1, 3, 5, and 10 year horizons and the market price of Goodman securities. TOTAL SHAREHOLDER RETURN – 1, 3 AND 5 YEARS %
Slide 20: Board Composition and Diversity
BOARD COMPOSITION AND DIVERSITY 13 + Directors standing for re election For personal use only – Mr David Collins (Goodman Limited and Goodman Logistics (HK) Limited) – Mr Danny Peeters (Goodman Limited and Goodman Logistics (HK) Limited) + International, contemporary and diverse Board + 2024 Non Exe
Slide 21: Board Composition and Diversity (con't)
BOARD COMPOSITION AND DIVERSITY (CON'T) 14 GOODMAN BOARD DIVERSITY METRICS GOODMAN BOARD GENDER DIVERSITY (TOTAL) GOODMAN BOARD GENDER DIVERSITY (NON-EXECUTIVE) For personal use only 67% Male 56% Male 33% Female 44% Female GEOGRAPHIC DIVERSITY AGE DIVERSITY 42% Australia 42% 50-59 years 33% US 33% 6
Slide 22: Governance
GOVERNANCE 15 + Robust corporate governance is essential For personal use only to maintain reputation, workplace culture, strong financial and ESG results + Polices are integrated into our broader risk management approach, helping to meet stakeholder expectations + Achieve the appropriate balance so
Slide 23: Closing
CLOSING 16 + A sustainable business For personal use only + High quality global real estate + Committed and experienced management team + Proven business model + Supportive capital partners + Strong balance sheet. Artist's impression – Data centre development, Los Angeles, US Goodman Group Annual Ge
Slide 24: Essential Infrastructure for the Digital Economy
ESSENTIAL 17 INFRASTRUCTURE For personal use only FOR THE DIGITAL Artist's impression – Data centre development, Sydney, Australia ECONOMYGoodman Group Annual General Meetings 2024
Slide 25: CEO's Address
18 CEO’S For personal use only ADDRESS GREG GOODMAN Goodman Group Annual General Meetings 2024
Slide 26: Financial Results
FINANCIAL RESULTS 19 + $2.05 billion operating profit, For personal use only OPERATING PROFIT $M OPERATING EPS CENTS PER SECURITY 2020 1,060 2020 57.5 up 15% on FY23 2021 1,219 2021 65.6 2022 1,528 2022 81.3 + Operating earnings per security 2023 1,783 2023 94.3 (OEPS) of 107.5 cents, up 14% 2024 2,
Slide 27: Capital Management
CAPITAL MANAGEMENT 20 + Gearing low at 8.4% For personal use only + Group liquidity $3.8 billion + Liquidity across Partnerships $13.9 billion1. As at 30 June 2024. 1. Partnership investment subject to Investment Committee approval. Goodman Group Annual General Meetings 2024
Slide 28: Property Investment
PROPERTY INVESTMENT 21 + $78.8 billion total property portfolio1 For personal use only + 97.4% occupancy2 + 4.9% rental growth2 + 5.0 years WALE2. As at 30 September 2024. 1. Total portfolio includes New Zealand. 2. Partnership industrial and warehouse assets (excludes office properties earmarked fo
Slide 29: Development
DEVELOPMENT 22 + $12.8 billion WIP1 For personal use only WORK IN PROGRESS BY REGION 44% Asia + $6.5 billion annual production rate1, 2 26% Australia / New Zealand + 71% of WIP is either pre-sold or being built for third parties or our Partnerships + Data centres currently represent approximately 42
Slide 30: Data Centres: Our Global Network
DATA CENTRES For personal use only 23 GREATER LONDON AMSTERDAM CONTINENTAL FRANKFURT TOKYO OSAKA EUROPE/UK PARIS MILAN JAPAN NORTH 2.0 GW LOS ANGELES 1.3 GW AMERICA Power bank MADRID Power bank 0.2 GW HONG KONG Power bank HONG KONG SAR 0.5 GW Power bank SYDNEY OUR GLOBAL NETWORK MELBOURNE AUSTRALIA/
Slide 31: Management
MANAGEMENT 24 + $70.1 billion external assets For personal use only under management1 + 399 properties in Partnerships + 21 Partnerships + Goodman average cornerstone investment of 29%2. 1. As at 30 September 2024. 2. As at 30 June 2024. Goodman Westlink, Hong Kong SAR, China Goodman Group Annual Ge
Slide 32: Doing Good in the World
DOING GOOD IN THE WORLD 25 + Embracing innovation looking to reduce For personal use only environmental impacts and improve social outcomes + Maintained carbon neutrality for operations + Increased solar PV installations to 330MW + Maintained global renewable electricity usage above 80% + Piloting l
Slide 33: FY25 Outlook
26 FY25 OUTLOOK For personal use only + Digital economy needs are growing + Goodman well placed + Customer focus on maximising efficiency and productivity + Data centres increasing contributor to growth + Team focused on execution + 9% EPS growth + $2.2 billion operating profit. Goodman Tsuen Wan We
Slide 34: Thank You
For personal use only THANK YOU For more information visit goodman.com Important Notice This document has been prepared by Goodman Group (Goodman Limited (ABN 69 000 123 071) and Goodman Funds Management Limited (ABN 48 067 796 641) (AFSL 223621) as the Responsible Entity for Goodman Industrial Trus